ict-marketresearch-reports

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Customer Journey Analytics Market Share, Growth Prospects and Key Opportunities by 2026

According to a research report "Customer Journey Analytics Market Forecast by Component, Organization Size, Deployment Mode, Data Source, Application (Campaign Management & Product Management), Vertical (BFSI, Retail & eCommerce, & Telecommunications and IT), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global customer journey analytics market size to grow from USD 8.3 billion in 2020 to USD 25.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period. Various factors such as the growing need to provide seamless customer experience, a higher focus on better customer engagement strategies through omnichannel, and adoption of advanced analytics solutions to leverage the increasing customer data and reduce customer churn rate, are expected to drive the demand for customer journey analytics solutions and services.

The customer journey analytics market is projected to witness a slight slowdown in its growth in 2020 due to COVID-19 lockdowns imposed worldwide. These lockdowns have been impacting all the verticals, including retail and eCommerce, BFSI, healthcare and life sciences, media and entertainment, and government. The pandemic has led to a shift in customer behavior, with lockdown driving customers to opt for omnichannel for purchasing. The condition is expected to come under control by mid-2021. The demand for customer journey analytics solutions and services is expected to increase due to customers shifting toward online purchasing. Due to lockdown regulations, there was a surge in the number of online media and entertainment users, which has created the demand for customer journey analytics solutions and services for understanding customer needs.

The cloud segment to grow at a higher CAGR during the forecast period

The customer journey analytics market by deployment mode has been segmented into on-premises and cloud. The cloud segment is expected to grow at a rapid pace during the forecast period. The high CAGR of the cloud segment can be attributed to the availability of easy deployment options and minimal requirements of capital and time. These factors are supporting the current lockdown scenario of COVID-19 as social distancing, and online purchasing of goods hit the industry and are expected to drive the adoption of cloud-based customer journey analytics solutions. Highly secure customer data encryption and complete data visibility and control feature are responsible for the higher adoption of on-premises-based customer journey analytics solutions.

The services segment to grow at a higher CAGR during the forecast period

The customer journey analytics market is segmented on the basis of components into solutions and services. Services are further segmented into professional and managed services. Professional services include consulting, deployment and integration, and support and maintenance services. The demand for professional services is expected to rise due to a rise in tailored demand for customers. Customers are coming up with customization requirements in the already installed customer journey analytics solutions to enhance the overall performance.

The mobile segment to grow at a higher CAGR during the forecast period

The customer journey analytics market is segmented on the basis of data sources into web, social, mobile, email, store, call center, and other data sources (advertising, loyalty programs, surveys, and promotional events). The mobile segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed as the growing interaction of users through mobile devices enables them to communicate with businesses in a more personalized manner. Therefore, enterprises are willingly implementing customer journey analytics solutions to analyze mobile data.

Among verticals, the retail and eCommerce segment to grow at the highest CAGR during the forecast period

The customer journey analytics market is segmented on verticals into BFSI, government, healthcare and life sciences, retail and eCommerce, manufacturing, telecommunications and IT, transportation and logistics, media and entertainment, travel and hospitality, and other verticals (education, and energy and utilities). The BFSI vertical is expected to account for the largest market size during the forecast period. Moreover, the retail and eCommerce vertical is expected to grow at the highest CAGR during the forecast period. To meet the rapidly changing customer expectations, retail and eCommerce companies are inclining toward customer journey analytics solutions, which can monitor the customer’s journey in real time across different channels and guide them to meet their requirements.

North America to hold the largest market size during the forecast period

North America is the largest revenue contributor to the global customer journey analytics market. The region is witnessing significant developments in the customer journey analytics market. Many customer journey analytics solution providers are adopting various growth strategies to strengthen their positions in the market. The US government has provided support by promoting an ideal environment for research and innovation, leading to advancements in various fields of science and technology. APAC has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. The growing awareness for enhancing customer experience in key countries, such as China, India, and Japan, is expected to fuel the adoption of customer journey analytics solutions and services. The commercialization of the AI and ML technology, giving rise to increased customer data, and the need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of customer journey analytics solutions in the region.

Major vendors in the global customer journey analytics market include include Oracle (US), Adobe (US), Salesforce (US), NICE (US), SAP (Germany), Microsoft (US), Google (US), Genesys (US), Cisco (US), Teradata (US), Alterian (US), [24]7.ai (US), Pointillist (US), BryterCX (US), inQuba (South Africa), Kitewheel (US), Verint (US), Thunderhead (UK), Servion (India), CallMiner (US), NGDATA (Belgium), Acoustic (US), FirstHive (US), CaliberMind (US), Amperity (US), and Cerebri AI (US).

About MarketsandMarkets™            

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#customer journey analytics market forecast

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Sales Performance Management Market Share, Growth Prospects and Key Opportunities by 2026

The report "Sales Performance Management Market Growth by Component (Solutions and Services), Organization Size (Large Enterprises and SMEs), Deployment Type (On-premises and Cloud), Vertical (BFSI, Telecommunications, and Manufacturing), and Region - Global Forecast to 2026", size is projected to grow from USD 1.5 billion in 2020 to USD 3.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period. The demand for SPM is driven by growing automation to improve visibility and avoid incentive compensation calculation inaccuracies, rising demand for metric-driven sales tools, and increasing enterprise mobility to increase agent engagement and performance.

The solutions segment to hold a larger market size during the forecast period

The solutions segment is projected to contribute majorly to the market among the components, while the services segment is projected to witness a higher growth rate during the forecast period. This growth is supported by the growing need for minimizing—commission payout inaccuracies and low quota attainment issues, and the lack of visibility into incentives and employee performance. Factors such as voluntary sales turnovers, the increase in digitalization, and the rise in enterprise spending on CRM sales applications for providing training to their employees have also contributed to the high adoption of the SPM solutions.

Sales Planning and Monitoring segment to hold the largest market size in 2020

The growth of sales planning and monitoring segment is mainly attributed to the high demand for planning capacity; allocating budgets; setting long-term goals, sales quotas, and KPIs; and monitoring sales targets, forecasts, and revenues to define and stimulate sales efforts.

North America to hold the largest market size during the forecast period

The North American SPM market is already mature for SPM solutions, owing to North America’s strong economic landscape, early adoption of advanced technologies, high digital adoption at workplaces to improve business processes, and high technology awareness. Furthermore, the region constitutes developed economies, such as the US and Canada, which have fairly adopted SPM solutions, besides incorporating advanced technologies. The region is also home to several small as well as well-established SPM solution providers, such as SAP, Anaplan, Oracle, Xactly, and Varicent, which are among the key driving factors for the growth of the SPM market in the region.

Market Players

Market players profiled in this report include SAP (Germany),  Oracle (US), Xactly (US), NICE (Israel), Varicent (Canada), beqom (Switzerland), Performio (US), Incentives Solutions (Israel), Optymyze (UK), Salesforce (US), Iconixx (US), Axtria (US), Gryphon Networks (US), CellarStone (US), ZS (US), Board (Switzerland), Zoho (India), InnoVyne (Canada), and XANT (US) among others. These players offer various SPM solutions to cater to the demands and needs of the market. Major growth strategies that are adopted by the players include new product launches/product enhancements and partnerships/acquisitions.

About MarketsandMarkets™            

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#sales performance management market growth

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Partner Relationship Management Market Share, Growth Prospects and Key Opportunities by 2026

The report "Partner Relationship Management Market Growth by Component (Solutions (Engage, Collaborate, and Manage) and Services (managed and training, consulting, and integration)), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2026", size is expected to grow from USD 920 million in 2020 to USD 1,997 million by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The key factors that are expected to drive the growth of the market are need to control the functional relationship between organizations and external partner channels and focus on the enhancement of partner communication and reduction in channel management costs.

Solutions segment to hold a larger market size during the forecast period

Based on solutions, the PRM market is segmented into engage, collaborate, and manage. These solutions assist end users in managing partners with ease and improve the overall operational performance. They also enable companies to identify, recruit, and secure new channel partners; maintain channel partner relations; monitor channel partner compliance; and measure channel partner performance and revenue. Moreover, they help organizations to reduce costs and improve efficiency while working with their partners.

SMEs segment to grow at the highest CAGR during the forecast period 

SMEs have a low marketing budget and often lack resources and capabilities for effective marketing orchestration. With limited budgets, SMEs try to scale up their business through cost-effective techniques to generate maximum RoI from their spending. The intense competitive market scenario has encouraged the SMEs to invest in PRM solutions and services, and grow their partner networks. To restore economies affected by the COVID-19 pandemic, countries across the globe are launching financial packages. For instance, the US is looking at a Senate vote to rollout a USD 2 trillion rescue package.

BFSI industry vertical to grow at the highest CAGR during the forecast period

The advent of advanced technologies would play a crucial role in the growth of the BFSI vertical. Digital technologies have enabled banking customers to access real-time banking and financial information services on any device. Cloud computing is helping the BFSI industry vertical to easily connect, store, and enable transactions anytime and anywhere, resulting in reduced efforts and time for customers to complete the process. Moreover, cloud computing is helping BFSI vendors in focusing more on the customer-centric model by creating a multi-channel relationship with customers at every step of service offered by them.

North America to account for the highest market share during the forecast period

North America is projected to account for the largest market share in the global PRM market in 2020, and the trend is projected to continue during the forecast period. The region is at a growth stage due to the large presence of several players offering PRM solutions & services. Organizations are focusing on adopting emerging technologies and witnessing an increase in investment in digital business strategies that are the major factors encouraging the demand for PRM offerings in North America. Enterprises are witnessing an increase in budget allocations for cloud services, which is a key factor that is projected to drive the growth of the market in North America.

The major players in the PRM market are Allbound (US), Channeltivity (US), Oracle (US), Salesforce (US), Impartner (US), LogicBay (US), Magentrix (Canada), ZINFI Technologies (US), Zift Solutions (US), Mindmatrix (US), PartnerStack (Canada), ChannelXperts (Germany), Creatio (US), AppDirect (US), Webinfinity (US), PartnerPortal.io (Canada), Kiflo (France), Crossbeam (US), Everflow (US), Affise (Lithuania), WorkSpan (US), LeadMethod (US), Sharework (France), Agentcis(Australia), and CoSell (US).  The study includes an in-depth competitive analysis of key players in the PRM market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#Partner Relationship Management Market Growth

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Casino Management Systems Market Share, Growth Prospects and Key Opportunities by 2025

The report "Casino Management Systems Market Growth by Component (Solutions and Services), Application (Accounting, Security and Surveillance, Player Tracking, Hotel and Hospitality, Analytics, and Digital Content Management), End User, and Region - Global Forecast to 2025", is projected to grow from USD 6.4 billion in 2020 to USD 13.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period. The evolving lifestyle and societal concerns and increasing use of cashless slot machines and server-based gaming to drive the market growth.

By component, the service segment to register the highest growth rate during the forecast period

Casino management solutions help casinos to run day-to-day operations smoothly and efficiently. These solutions collect information, store them in the database, and reproduce for making decisions at various points of time. All these solutions are deployed either as an individual system or as an integrated module with other systems in one packaged or bundle offering. Therefore, the solution segment holds the highest growth rate during the forecast period.

Based on application, the security and surveillance to grow at the highest CAGR during the forecast Period

Almost all the games in a casino are related to the transaction of some amount of money. Whether a player wins or loses, but the house always wins. That is why casinos are always prone to stealing and cheating. To stop such incidents, casinos implement new technological systems to develop a safe and secure environment, but cheaters never give up. Cheaters try to steal money from the casinos using the same or newer technologies or distinctive methods. That is why casinos keep themselves updated with technological advancements when it comes to security and surveillance. Security and surveillance is broadly comprised of surveillance, access control, and alarm systems. Surveillance is comprised of CCTV cameras, IP cameras, DVR, NVR, and others. Access control includes smart cards, proximity cards, biometrics, and others.

North America to hold the largest market share during the forecast period.

North America has the presence of several prominent market players delivering casino management system solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the growth of the casino management system market. The geographical presence, significant Research and Development (R&D) activities, partnerships, and acquisitions and mergers are the major factors for the deployment of casino management systems and services. The major vendors such as Agilysys, Scientific Games, Oracle, Honeywell, Playtech, Cyrun, IGT, Wavestore, Tangam Systems, and Casino Systems are headquartered in the US.

Market Players

Major vendors offering casino management system software include Novomatic (Austria), Konami Gaming (Japan), Agilysys (US), Scientific Games (US), Oracle (US), Winsystems (Spain), Panasonic (Japan), Ensico Gaming (Slovenia), Apex Pro Gaming (Czechia), Amatic Industries (Austria), Honeywell (US), Dallmeier (Germany), HCL (India), Playtech (UK), Cyrun (US), IGT (UK), LGS (US), Wavestore (UK), Tangam Systems (US), Advansys (Slovenia), Avigilon (Canada), Casinfo Systems (US), RNGplay (India), FunFair (Ireland), Gaming Analytics (US), Delta Casino Systems (US), DAObet (Singapore), CasinoFlex Systems (Bulgaria), Omnigo (US), NtechLab (Russia), Nelysis (US), and Bateleur Systems (India).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#Casino Management Systems Market Growth

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Smart Space Market Share, Growth Prospects and Key Opportunities by 2025

The report "Smart Space Market Growth by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space is changing the way designers and engineers create new product designs and modifications. As smart space has eased the manufacturing of complex products with complex geometries, the application of software has increased across automotive, industrial manufacturing, and aerospace and defense verticals. Moreover, the use of smart space software for designing of building plans and large construction projects is expected to grow rapidly in the building, architecture, and construction industries.

Based on application, the emergency management to grow at the highest CAGR during the forecast period 

With a right set of information and adequate amount of time in hand, occupants can act fast to minimize or to avoid the damage entirely. Devices such as smart cameras with improved image sensor can now keep a watch on the remote corners 24*7 to improve the security aspect of the any facility. Similarly, ultrasonic location tracking system in research labs, power plants, and other highly secured areas can easily detect the movements, locations, and orientation of the occupants. The systems come with a storage option for saving the data for a specified amount of time, which can be used for future reference as well. Smart floor is another technology which is currently offered in entertainment center and kitchen area, to track the location and identify the residents when they fall along with reporting it to the emergency services. In the UK, British Telecom (BT), Everything Everywhere (EE), and HCT have developed a new system that can turn on the Global Navigation Satellite System (GNSS) and Wi-Fi and is termed as Advanced Mobile Location (AML). Once the emergency number has been dialed, the system would automatically share the exact location details to the emergency service provider, and it is 4,000 times more accurate than the current system in use.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Smart space solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the smart space markets growth. It is the leading region in terms of the development of smart spaces. The countries in the region have been early adopters of smart space solutions including IoT, AI, and machine learning. The smart home market is growing exponentially in the region. A majority of the installations in the region were point solutions and designed for specific functions, such as smart door lock, temperature control system, and thermostat. The indispensable need to minimize total cost of ownership, followed by the ongoing government initiatives of smart infrastructure and smart city projects, has driven the adoption of the technologies in North America. North America is the largest contributor to the smart space market growth.

Market Players

Key and innovative vendors in the smart space market include ABB (Switzerland), Cisco (US), Siemens (Germany), Huawei Technologies (China), IBM (US), Schneider Electric (France), Smartspace Software (UK), Hitachi Vantara (US), ICONICS (US), Coor (Sweden), Ubisense (UK), Smarten Spaces (Singapore), Spacewell (Belgium), Softweb Solutions (US), Eutech Cybernetic (Singapore), Adappt (US), IMEC (Belgium), Nexus (Sweden), Smart Spaces (UK), reelyActive (Canada), Telit (UK), AllGoVision Technologies (India), Energyly (India), Frugal Labs (Inbdia), and Aira Tech Corp (US).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#smart space market growth

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Business Rules Management System Market Share, Growth Prospects and Key Opportunities by 2025

The report "Business Rules Management System Market Growth by Component (Software and Services), Organization Size (Large Enterprises and SMEs), Deployment Type, Vertical (BFSI, Government and Defense, and Telecom and IT), and Region - Global Forecast to 2025", size is expected to grow from USD 1.0 billion in 2020 to USD 1.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The key factors that are expected to drive the growth of the market are the increasing need to manage regulatory and policy compliance and the growing need to improve process efficiency.

Software segment to hold a larger market size during the forecast period

A BRMS enables defining, analyzing, executing, auditing, and maintaining a wide variety of business rules that are applied to complex decision logic within an organization. The software provides the ability to define relationships between different business rules and relate these business rules to various IT applications that need to be enforced with one or more of these business rules. Moreover, BRMS software and services are adopted for their major advantage, which is, the business rules are managed externally, away from the application code. This facilitates the business logic to be leveraged by multiple applications and changed independently from the governing applications.

Support and maintenance services segment to grow at the highest cagr during the forecast period

Support and maintenance services include the support related to the implementation and use of solutions, and are provided by BRMS vendors. Maintenance services facilitate upgrades to the existing systems and aid in solving product issues. Support services empower organizations to efficiently tackle service requests, such as end-user issues, technical issues, encryptions, and security issues.

Retail & consumer goods vertical to grow at the highest CAGR during the forecast period

The retail and consumer goods vertical is one of the fastest-growing verticals in the BRMS market, due to the rising consumer purchasing power. With the proliferation of online markets, retailers are adopting more innovative technologies, such as cloud computing, big data analytics, digital stores, and social networks. With the advent of online retailers and cloud technologies, the retail and consumer goods vertical has experienced major disruptions.

North America to account for the highest market share during the forecast period

North America is expected to dominate in the market, due to several factors, such as large investments in BRMS software, better receptiveness to the adoption of new and emerging technologies, and high penetration of the internet. The market has been steadily showing positive trends in the region, as several enterprises, including government agencies, are adopting BRMS software and services at various levels as a part of their strategy to sustain in the market and increase their productivity by improving the application performance.

The major players in the business rules management system market are IBM (US), FICO (US), PEGASYSTEMS (US), Oracle (US), Progress Software (US), SAP (Germany), Broadcom (US), ACTICO (Germany), SAS (US), InRule Technology (US), Software AG (Germany), OpenText (Canada), Newgen Software (India), Fujitsu (Japan), Experian (Ireland), Sparkling Logic (US), Business Rule Solutions (US), Decisions LLC (US), TIBCO (US), Intellileap (India), Agiloft (US), Signavio (Germany), Decision Management Solutions (US), CNSI (US), and Decisions on Demand (US). The study includes an in-depth competitive analysis of key players in the business rules management system market with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#business rules management system market growth

[ict-marketresearch-reports]

Oilfield Communications Market Share, Growth Prospects and Key Opportunities by 2025

According to a research report "Oilfield Communications Market Growth by Component, Communication Network (VSAT Communication Network, Fiber Optic-based Communication Network, Microwave Communication Network), Field Site, Application, and Region - Global Forecast to 2025"The oilfield communications market is projected to grow from USD 3.4 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 5.5% during the forecast period. Various factors such as rising technological advancements for enhanced communication across oilfields, increasing investments in enhancing network infrastructure, and growing demand from oil and gas operators to scale the production of mature oilfields and reservoirs are expected to drive the adoption of the oilfield communications market.

Businesses providing oilfield communications solutions and services are expected to witness a minor decline in their growth for a short span of time. The COVID-19 lockdown has also reduced the demand for transportation fuels by up to half, forcing refineries to cut their rates or even stop production altogether. To survive the pandemic, oil and gas companies would have to restructure their General and Administrative (G&A) functions, launch operations improvements, reconsider supply chain and procurement, optimize trading capabilities, and deploy advanced technology-based networking solutions that support efficient remote connectivity. The lack of real-time visibility in complex oil and gas operations, massive skill shortage due to a shrinking pool of qualified technical personnel, and slow growth of the oil and gas industry due to the COVID-19 pandemic are the key challenges in the adoption of oilfield communications solutions and services.

The microwave communication network segment to grow at the highest CAGR during the forecast period

The oilfield communications market by communication network has been segmented into Very Small Aperture Terminal (VSAT) communication network, TErrestrial Trunked RAdio (TETRA) network, cellular communication network, fiber optic-based communication network, and microwave communication network. The microwave communication network segment is expected to grow at a rapid pace during the forecast period. The growth can be attributed to its ability to operate without any fiber-optic infrastructure and the relative ease of setting up a wireless network. The VSAT communication network segment is projected to hold the largest market size, owing to its ability to operate without any fiber optic infrastructure and the relative ease of setting up a wireless network.

 The midstream application segment to grow at the highest CAGR during the forecast period

The oilfield communications market is segmented based on application into upstream, midstream, and downstream. The highest CAGR of the midstream application segment can be attributed to the growing concern of midstream operators to gain a sharper insight and control of data that leads to more intelligent decisions, safer conditions, increased efficiencies, and greater profits.

Among field site, the offshore segment to grow at a higher CAGR during the forecast period

The oilfield communications market is segmented on the basis of field site into onshore and offshore. The offshore segment is expected to grow at a higher CAGR during the forecast period. In the current scenario, the constant fluctuation in crude oil prices has resulted in a decrease in drilling activities combined with an increasing demand for oil and gas. This has further led to an enhanced production from mature fields and developments in unconventional reserves and offshore field.

Europe to hold the largest market size during the forecast period

Europe is the largest revenue contributor to the global oilfield communications market. Factors such as regulations for improving safety standards, the presence of mature oil and gas reserves, combined with the increase in oil production, are expected to drive the European oilfield communications market. The growing investments of European oil and gas companies to strengthen their IT infrastructures, thus boosting the adoption of oilfield communications solutions. Middle East and Africa (MEA) has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period.  The growth can be attributed to the increasing number of oil refineries and numerous exploration activities across the region.

Major vendors in the global oilfield communications market include Huawei (China), Siemens (Germany), Hitachi ABB Power Grids (Switzerland), Speedcast (Australia), Weatherford (US), Ceragon (US), RigNet (US), Hughes (US), Redline Communications (Canada), MR Control Systems (Canada), Tait Communications (New Zealand), Honeywell (US), Intel (US), GE Digital (US), PTC (US), Commtel (India), MoStar Communications (US), DAMM Cellular Systems (Denmark), BlueJeans (US), Nesh (US), Sensia (US), Ondaka (US), Sensalytx (UK), and WellAware (US).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#oilfield communications market growth

[ict-marketresearch-reports]

Blockchain AI Market Share, Growth Prospects and Key Opportunities by 2025

The report "Blockchain AI Market Growth by Technology (ML & NLP), Component (Platform/Tools & Services), Deployment Mode, Organization Size, Application (Smart Contracts, Payments, & Asset Tracking), Vertical (BFSI, Automotive, & Media), and Region - Global Forecast to 2025", size is projected to grow from USD 228 million in 2020 to USD 703 million by 2025, at a Compound Annual Growth Rate (CAGR) of 25.3% during the forecast period. The increasing venture capital funding and growing investments in Blockchain AI technology to drive market growth.

By component, the service segment to register the highest growth rate during the forecast period

The services segment includes various services required to deploy, execute, and maintain the blockchain AI platform in an organization. These services include technology advisory and consulting, system integration and deployment, and support and maintenance. As the blockchain AI platforms adoption increases, the demand for these services is also expected to increase. The Infosys High Tech practice enables manufacturers, microprocessors, and system-on-chip products to achieve operational efficiencies by leveraging the synergies between AI and blockchain technologies. The services segment has witnessed tremendous growth in recent years. Therefore, the services segment registers the highest growth rate during the forecast period.

Based on vertical, the BFSI to grow at the highest CAGR during the forecast period 

The BFSI segment is focusing on significant technologies, which help secure transactions for customers. In addition, the technology shift from centralized infrastructure management to the distributed ecosystem is paving the way for new business models in payments, internet banking, and financial transaction technologies by leveraging the power of both AI and blockchain solutions. Blockchain and AI solve different financial issues as a standalone solution. Still, they can work together to improve many business processes in the financial industry to make it smarter and perform more effectively. Therefore, BFSI registers the highest growth rate during the forecast period.

North America to hold the largest market share during the forecast period.

North America has several prominent market players delivering Blockchain AI solutions to all end-users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the Blockchain AI markets growth. The geographical presence, significant Research and Development (R & D) activities, partnerships, and acquisitions and mergers are the major factors for deploying Blockchain AI and services.

Market Players

Key and innovative vendors in the Blockchain AI market include Figure Technologies (US), Cyware Labs (US), Core Scientific (US), NetObjex (US), Fetch.ai (UK), Ai-Blockchain (US), AlphaNetworks (US), Bext360 (US), Blackbird.AI (US), BurstIQ (US), Chainhaus (US), CoinGenius (US), Computable (US), Finalze (US), Gainfy (US), Hannah Systems (US), LiveEdu (UK), Mobs (US), Neurochain Tech (France), Numerai (US), SingularityNET (The Netherlands), Stowk (US), Synapse AI (US), Talla (US), Verisart (US), VIA (US), Vytalyx (US), Wealthblock.AI (US), and Workdone (US).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#blockchain ai market growth

[ict-marketresearch-reports]

Parking Management Market Share, Growth Prospects and Key Opportunities by 2025

MarketsandMarkets forecasts the "Parking Management Market Growth by Offering (Solutions (Parking Guidance, Parking Reservation Management, Parking Permit Management) and Services), Deployment Type, Parking Site (Off-street and On-street), and Region - Global Forecast to 2025",size to grow from USD 3.8 billion in 2020 to USD 5.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. Parking management solutions have spurred tremendous growth opportunities for technology vendors and various associated service providers. With the growing number of government initiatives toward the development of smart cities, parking management vendors taking center stage; technology providers and consultants have aggressively started simulating innovative solutions based on conceptual modules for the designing and development of urban infrastructure.

Expanding urban agglomerations and predictions for a rapid rise in urban population over the next decade further enunciates the need for adequate parking management solutions. However, factors such as lack of high implementation costs, data security and privacy issues related to IoT devices, and disruption in logistics and supply chain of IoT devices, have posed major challenges for the parking management market, globally.

The solutions segment to hold a larger market size during the forecast period

Based on offering, the solutions segment of the parking management market is projected to hold a larger market size during the forecast period. The solutions segment in the parking management market comprises six major components, viz., parking guidance solution, parking reservation management, parking permit management, parking enforcement management, Parking Access and Revenue Control (PARC), parking security and surveillance, and parking analytics. The growth of this segment can be attributed to the rising adoption of advanced technologies, such as Artificial Intelligence (AI), IoT, and cloud and the increasing traffic congestion on the road due to irregular parking practices.

 By parking site, off-street parking segment to record a higher growth rate during the forecast period

Off-street parking refers to parking facilities that are made available by parking operators in various areas, such as parking lots, garages, or private driveways in shopping malls, commercial buildings, hotels, and residential buildings. Off-street parking sites are highly effective in terms of vehicle holding capabilities and are generally controlled by commercial agencies. Off-street parking involves proper designing and construction to provide a safe and secure vehicle parking experience for drivers. The segment focuses on ensuring security, pre-booking of parking spots, and parking fee management. This segment has witnessed several innovations to enable efficient parking; for instance, nowadays, advanced garages are equipped with robotic valet systems that help in parking management. Off-street parking solutions are expected to experience a high growth rate due to the huge investments by authorities in multi-level parking, and also by the private sector in its parking facilities.

Asia Pacific to record the highest growth during the forecast period

The APAC parking management market is estimated to have strong growth in the future. The APAC region is witnessing high growth due to increasing global competition, growing penetration of smart devices, connected machines, and rising investments in smart cities. This region comprises more than 40% of the world’s population and has some of the fastest-growing economies. Urbanization is on the rise in several countries across the region. According to the UN database, around 2.5 billion people are expected to move to urban areas from 2018 to 2050, and 90% of urbanization is expected to happen in Asia and Africa. Thus, APAC is a current hotspot of the parking management market and attracts many companies.

Market Players

Major vendors in the parking management market include GROUP Indigo (France), Amano (Japan),  Siemens (Germany), Bosch Group (Germany), Conduent (US), APCOA PARKING (US), Precise ParkLink (Canada), SWARCO (Austria), SKIDATA (Austria), T2 Systems (US), FlashParking (US), Passport Labs (US), Flowbird Group (France), ParkMobile (US), SpotHero (US), Get My Parking (India), INRIX (US),  IPS Group (US), Smart Parking (Australia), Chetu (US), TIBA Parking Systems (US), Q-Free (Norway), Streetline(US), ParkOffice (US), Urbiotica (Spain), and CivicSmart (US).

 About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#Parking Management Market Growth

[ict-marketresearch-reports]

IT Operations Analytics Market Share, Growth Prospects and Key Opportunities by 2026

According to a research report "IT Operations Analytics Market Growth by Component (Solutions and Services), Solution (Log Management, Network and Security Management, Anomaly Detection), Service, Deployment Mode, Organization Size, End User, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global ITOA market size to grow from USD 9.3 billion in 2020 to USD 45.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 37.2% during the forecast period. Various factors such as the reduction in IT operational costs, better customer experiences, improved network security and privacy capabilities, enhanced visibility into processes and operations, improved real-time decision-making, and use of operational analytics to mitigate the risk of COVID-19 are the key business and operational priorities that are expected to drive the growth of ITOA market.

The ITOA market is expected to witness a slowdown in 2020 due to the global lockdown. The lockdown is impacting global manufacturing, and supply chains and logistics as the continuity of operations for various sectors is badly impacted. The sectors facing the greatest drawbacks are manufacturing, transportation and logistics, and retail and consumer goods. The availability of the essential items has been impacted due to the lack of manpower to work on production lines, supply chains, and transportation although the essential items are exempted from the lockdown. The condition is expected to come under control by early 2021 while the demand ITOA solutions and services expected to increase, which is due to the increased demand for log management, Application Performance Management (APM), root cause analysis, network and security management, and anomaly detection.

Several end users are already planning to deploy a diverse array of ITOA solutions and services to enable digital transformation initiatives that address mission-critical processes, improve operations, and differentiate customer relationships. The reduction in IT operational costs, better customer experiences, improved network security and privacy capabilities, enhanced visibility into processes and operations, and improved real-time decision-making are the key business and operational priorities that are expected to drive the adoption of the ITOA market.

The technological advancements and digitization in countries, such as China and India will keep up the demand of ITOA in major end users, such as healthcare and life sciences, retail and consumer goods, and BFSI. The adoption of ITOA solutions and services is expected to rise in MEA and Latin America, due to the growing need to enhance IT operational performance and optimize IT infrastructure. Countries in these regions are also utilizing IT operational data to increase operational efficiency and reduce problem recovery time.

The log management solution to hold a larger market size during the forecast period

The ITOA market by solution has been segmented into log management, APM, root cause analysis, anomaly detection, network and security management, and other solutions, such as cost management, capacity management, infrastructure management, and business process monitoring. The log management segment is expected to grow at a rapid pace in the coming years in the ITOA market. Log management helps IT teams to provide insights into the health and compliance of systems and applications. It also can be used to detect one of the key sources of data for security analytics, including threat detection, intrusion detection, compliance, and network security.

The BFSI end user to hold the largest market size during the forecast period

The ITOA market is segmented based on end user. The end user includes BFSI, government and defense, healthcare and life sciences, telecom, manufacturing, retail and consumer goods, energy and utilities, transportation and logistics, and others (education, media and entertainment, and travel and hospitality). The BFSI segment is expected to hold the largest market size during the forecast period in the ITOA market. The growth of the BFSI end user can be attributed to the concern of financial and banking industries to stay profitable, understand customer needs and preferences to proactively reduce risk, and enhance network security of data. ITOA solutions enable the BFSI end user to detect any service faults and bring it to the notice of the bank for handling the issue by offering proactive services. Apart from the banking and financial industry, these solutions also offer the insurance industry network and security management solutions, and risk management services.

Among services, the managed services segment to grow at a higher CAGR during the forecast period

The ITOA market is segmented on services into two categories, namely, professional services and managed services. The growth of the managed services segment can be attributed as lockdown in various cities across the globe and strict data regulations due to the COVID-19 pandemic are resulting in an increased number of organizations looking to outsource the upgradation and maintenance critical IT operations to MSPs in the ITOA market.

North America to hold the largest market size during the forecast period

North America is the largest revenue contributor to the global ITOA market. The region is witnessing significant developments in the ITOA market. Many ITOA solution providers in North America are experimenting in the ITOA market by integrating AI and ML functionalities with their existing ITOA solutions. They are also adopting various growth strategies to strengthen their positions in the market.

US is expected to have higher market size in North America. ITOA solution providers in the country, early adoption of advanced technologies such as analytics and AI in the country, presence of highly efficient network infrastructure, and large-scale internet penetration are driving growth of the country. The country’s infrastructure, innovation, and initiatives such as smart infrastructure contribute to the growth of the ITOA market. Companies in the country are focusing on adopting ITOA solutions that help them to boost efficiency and productivity due to streamlined operations.

APAC has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period due to the he existence of a large population, and developing infrastructure and technologies in countries such as China, Japan, and India, which are fueling the demand for ITOA solutions and services.

Major vendors in the global ITOA market include Oracle (US), IBM (US), SAP (Germany), Micro Focus (UK), Splunk (US), Hitachi (Japan), SAS Institute (US), Broadcom (US), Microsoft (US), SolarWinds (US), Cisco (US), BMC (US), NetApp (US), VMware (US), Elastic (US), Evolven (US), XPLG (US), ExtraHoop (US), NexThink (Switzerland), Appnomic (US), Apptio (US), Sumo Logic (US), Loom Systems (US), Moogsoft (US), iOPEX (US), Nastel Technologies (US), Devo (US), Optanix (US), StackState (US), OpsRamp (US), Humio (UK), OpsDataStore (US), CloudFabrix (US), Digitate (US), and Resolve (US).

 About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#it operations analytics market growth

[ict-marketresearch-reports]

Hadoop Big Data Analytics Market Share, Growth Prospects and Key Opportunities by 2025

The report "Hadoop Big Data Analytics Market Growth by Component (Solutions and Service), Deployment Mode, Organization Size, Business Function, Vertical (BFSI, Healthcare and Life Sciences, Manufacturing), and Region - Global Forecast to 2025", size to grow from USD 12.8 billion in 2020 to USD 23.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. Various factors such as the growing focus on digital transformation, rise in investments in analytics, increasing focus on remote monitoring in support of the COVID-19 pandemic, growing adoption of smart payment technologies, and business need to build a digital infrastructure for large-scale deployments are expected to drive the adoption of Hadoop big data analytics market.

The Hadoop big data analytics market is expected to witness a slowdown in its growth in 2020 owing to lockdowns imposed worldwide due to COVID-19. These lockdowns have been impacting the global manufacturing, retail and eCommerce, government, and public sectors. They have also influenced supply chains and logistics owing to complete or partial halting of operations in various verticals. Manufacturing, transportation and logistics, and retail and eCommerce, etc. are the worst-hit sectors.

The availability of essential items has been impacted owing to the lack of manpower to manufacture these items and transport them, even though essential items have been exempted from lockdowns. The condition is expected to come under control by early 2021, while the demand for Hadoop big data analytics solutions and services is expected to increase owing to surging demand for remote health monitoring of individuals and assets, sales and customer management, predictive asset maintenance, energy management, and inventory management.

Businesses in various verticals are already planning to deploy a diverse array of Hadoop big data analytics solutions to carry out the digital transformation of mission-critical processes, which are expected to improve their operations and strengthen customer relationships. The reduction in infrastructure and operational costs, improvement in customer experiences, enhancement in data security and privacy, increase in operational visibility for various processes, and improvement in real-time business decision-making are the key business and operational priorities of enterprises that are expected to drive the adoption of Hadoop big data analytics solutions worldwide.

The marketing and sales business function to hold a larger market size during the forecast period

The Hadoop big data analytics market by business function has been segmented into marketing and sales, operations, finance, and human resources. The marketing and sales segment is expected to grow at a rapid pace in the coming years in the Hadoop big data analytics market. The growing use of structured and unstructured data across marketing and sales to understand and enhance customer experience is expected to fuel the adoption of Hadoop big data analytics solutions and services.

The BFSI vertical to hold the largest market size during the forecast period

The Hadoop big data analytics market is segmented based on vertical. The verticals include BFSI, transportation and logistics, retail and eCommerce, manufacturing, telecommunications and IT, healthcare and life sciences, government and public sector, media and entertainment, travel and hospitality, others (energy and utilities, education and research, and real estate). The BFSI segment is expected to hold the largest market size during the forecast period in the Hadoop big data analytics market. The growth of the BFSI vertical can be attributed to the dynamic and competitive nature of the BFSI market, characterized by changing consumer demands, evolving macroeconomic landscapes, and evolving regulatory frameworks. Hadoop big data analytics solutions can empower the vertical to navigate challenges by lowering infrastructure costs, automating non-core business applications such as CRM and ERP, and bringing innovative products in the market.

Among services, the managed services segment to grow at a higher CAGR during the forecast period

The Hadoop big data analytics market is segmented on services into two categories, namely, professional services and managed services. The growth of the managed services segment can be attributed to the rise in the adoption of the work from home strategy by various companies, which has spurred the demand for Hadoop big data analytics managed services in the market. This increase in demand is by companies that are looking forward to shifting their focus on business-critical tasks.

North America to hold the largest market size during the forecast period

North America is the largest revenue contributor to the global Hadoop big data analytics market. The region is witnessing significant developments in the Hadoop big data analytics market. Many Hadoop big data analytics solution providers in North America are experimenting in the Hadoop big data analytics market by integrating IoT, AI, and ML functionalities with their existing Hadoop big data analytics solutions. They are also adopting various growth strategies to strengthen their positions in the market.

The US government has provided support by promoting an ideal environment for research and innovation, leading to advancements in various fields of science and technology. The government is focused on enhancing the quality of life of its citizens and has made investments toward the integration of big data analytics, AI, and IoT solutions and services across application sectors, driving the growth of the US.

APAC has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. The commercialization of the IoT technology, giving rise to increased data generation, and the need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of Hadoop big data analytics solutions in the region.

Major vendors in the global Hadoop big data analytics market include Microsoft (US), AWS (US), Cloudera (US), HPE (US), IBM (US), Oracle (US), SAP (Germany), Google (US), SAS Institute (US), Salesforce (US), TIBCO Software (US), Alteryx (US), Micro Focus (UK), Hitachi Vantara (US), Qubole (US), Splunk (US), Dell Technologies (US), Huawei (China), Dremio (US), Imply (US), Starburst (US), Alluxio (US), TheMathCompany (US), Kyvos Insight (US), and Amlgo Labs (India).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#hadoop big data analytics market growth

[ict-marketresearch-reports]

Software-Defined Data Center Market Share, Growth Prospects and Key Opportunities by 2025

According to a research report "Software-Defined Data Center Market Growth by Component (Hardware, Software, and Services), Type (Software-Defined Compute, Software-Defined Storage, and Software-Defined Data Center Networking), Organization Size, Vertical, and Region - Global Forecast to 2025", size is projected to grow from USD 43.7 billion in 2020 to USD 120.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period. The demand for SDDC is driven by the growing need for enhancing infrastructure resiliency and service uptime, cost benefits associated with network automation and reduced energy usage, and reduced dependency on legacy hardware and hardware vendors.

The hardware segment to hold a larger market size during the forecast period

The hardware segment is projected to contribute majorly to the market among the components, while the services segment is projected to witness a higher growth rate during the forecast period. This growth these segments are supported by the rising installations of new SDDCs that require  underlying servers for enabling proper facility functionality along with growing need for upgrades and maintenance of existing solutions

Managed services segment to hold a larger market size in 2020

The managed services segment is expected to majorly contribute to the market, while the support and maintenance segment is projected to witness a higher growth rate during the forecast period. This growth of managed services is supported by the growing focus of organizations to achieve optimized workload management with greater agility, speed, and security without having the need to worry about hassles associated with training, integration and deployment, and support and maintenance.

North America to hold the largest market size during the forecast period

The North American SDDC market is already mature for SDDC systems, and a significant number of new installations of SDDC and upgrade of the existing data center infrastructure systems have taken place to date. Currently, the US holds the highest share in the SDDC market as it is home to large telecom giants, well-established suppliers, as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency. Furthermore, most of the leading market players, such as HPE, Dell Technologies, Cisco, Oracle, and IBM, have their headquarters in this region. North America, in the coming years, is estimated to continue to lead the SDDC market.

Market Players

Market players profiled in this report include VMware (US), Microsoft (US), HPE (US), Dell Technologies (US), Oracle (US), IBM (US), Nutanix (US), Cisco (US), Huawei (China), Fujitsu (Japan), Juniper Networks (US), Commvault (US), Arista Networks (US), DataCore Software (US), Scality (US), SUSE (Germany), NetApp (US), Citrix (US), Nuage Networks [Nokia] (Finland), Lenovo (China), Stratoscale (US), Lumina Networks (US), HiveIO (US), TidalScale (US), DriveNets (US), Portworx (US), Lightbits (US), Arrcus (US), Vexata (US), Hammerspace (US), and Cohesity (US). These players offer various SDDC solutions to cater to the demands and needs of the market. Major growth strategies are adopted by the players including partnerships, collaborations and agreements, and new product launches/product enhancements.

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#software defined data center market growth

[ict-marketresearch-reports]

Small Cell 5G Network Market Strategy and Remarkable Growth Rate By 2025

According to a research report "Small Cell 5G Network Market Size by Component (Solutions and Services), Radio Technology (5G NR (Standalone and Non-standalone)), Cell Type (Picocells, Femtocells, and Microcells), Deployment Mode, End User, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global small cell 5G network small cell 5G network market size is expected to grow from USD 626 million in 2020 to USD 2,413 million by 2025, at a Compound Annual Growth Rate (CAGR) of 31.0% during the forecast period. The major growth drivers for the market include the increase in the mobile data traffic, the emergence of Citizen broadband radio Services (CBRS) band, and the minimization of Capital Expenditure (CAPEX) and Operational Expenditure (OPEX).

Outdoor segment to show a higher growth rate during the forecast period

In the small cell 5G network market by deployment mode, the outdoor segment is expected to show a higher growth rate during the forecast period. Telecom operators are expected to deploy small cell solutions in mmWave bands, which boost the deployments of outdoor small cells post 2021. Globally, North America is expected to widely adopt outdoor small cell solutions.

Among end users, the enterprises segment to gain a higher traction during the forecast period

In the small cell 5G network market by end user, the enterprises segment is expected to grow at a higher CAGR during the forecast period. Currently, in the enterprises segment, the small cell 5G network market is emerging and expected to grow during the forecast period. In the present scenario, the deployment of small cell 5G network is less in enterprises. However, in the next 5 years, the small cell deployment is expected to increase to meet the increasing demand for data traffic in Internet of Things (IoT) applications.

North America to hold the largest market size duringthe forecast period

North America is expected to hold the largest market size in the global small cell 5G network market during the forecast period. The US has emerged as the largest small cell 5G network industry in North America in terms of market size, due to the large-scale implementation of small cell solutions by telecom operators in this country. The US is home to big telecom players, such as AT&T, Sprint, T-Mobile, and Verizon. Owing to the rollout of the CBRS band, enterprises are expected to deploy small cell solutions, which are expected to indirectly boost the growth of the small cell 5G network market in the US.

Key players and innovating vendors in the global small cell 5G network market include Ericsson (Sweden), Huawei (China), ZTE (China), Cisco (US), NEC (Japan), Nokia (Finland), CommScope (US), Airspan Networks (US), ip.access (UK), Corning (US), Fujitsu (Japan), Samsung (South Korea), Comba Telecom (Hong Kong), Contela (South Korea), Baicells Technologies (US), Acceleran (Belgium), Accuver (US), Casa Systems (US), CommAgility (England), Radisys (US), Altiostar (US), Siradel (France), Qualcomm (US), Octasic (Canada), PC-TEL (US), and Microsemi (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Rohan MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#small cell 5g network market size

[ict-marketresearch-reports]

Connected Device Analytics Market Share, Growth Prospects and Key Opportunities by 2025

According to a research report "Connected Device Analytics Market Growth by Component, Deployment Mode, Organization Size, Application (Security and Emergency Management, and Sales and Customer Management), Industry Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global connected device analytics market size to grow from USD 14.3 billion in 2020 to USD 40.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. The major factors fueling the market growth include the such as the increasing focus on remote monitoring in support of the work from home initiative, the growing adoption of smart payment technologies, and the rising business need to build digital infrastructure for large-scale deployments are expected to drive the adoption of connected device analytics market solutions and services.

The connected device analytics market is expected to witness a slowdown in 2020 due to the global lockdown. The lockdown is impacting global manufacturing, and supply chains and logistics as the continuity of operations for various verticals is badly impacted. The sectors facing the greatest drawbacks are manufacturing, transportation and logistics, and retail and food. The availability of the essential items has been impacted due to the lack of manpower to work on production lines, supply chains, and transportation although the essential items are exempted from the lockdown. The condition is expected to come under control by early 2021 while the demand for connected device analytics solutions and services is expected increase, which is due to the increased demand for applications, such as remote monitoring, sales and customer management, predictive maintenance and asset maintenance, energy management, and inventory management. Businesses in various verticals are already planning to deploy a diverse array of connected device analytics solutions to enable digital transformation initiatives, which address mission-critical processes, improve operations, and differentiate customer relationships. The reduction in costs, better customer experiences, improved security and privacy capabilities, enhanced visibility into processes and operations, and improved real-time decision-making are the key business and operational priorities that are expected to drive the adoption of the connected device analytics market.

The security and emergency management segment to hold a larger market size during the forecast period

The connected device analytics market by application has been segmented into security and emergency management,sales and customer management, remote monitoring, predictive maintenance and asset management, inventory management, energy management, building automation, others (IT infrastructure management, product and process management, and cost optimization).The security and emergency management is is expected to grow at a rapid pace in the coming years in the connected device analytics market. The growth can be attributed as emergency management protects communities by coordinating and integrating all activities necessary to build, sustain, and improve the capability to mitigate against, prepare for, respond to, and recover from threatened or actual natural disasters, acts of terrorism, or other man-made disasters.

The manufacturing segment to hold a larger market size during the forecast period

The connected device analytics market is segmented on the basis of industry vertical. The verticals include manufacturing, transportation and logistics, energy and utilities, retail and eCommerce, banking, financial services, and insurance, healthcare and life sciences, government and defense, others (media and entertainment, travel and hospitality, and education). The manufacturing segment is expected to grow at a rapid pace in the coming years in the connected device analytics market. It is one of the leading vertical in connected device analytics market due to the increasing growth of IIoT that employs a network of sensors to collect critical production data and uses cloud software to turn this data into valuable insights about the efficiency of the manufacturing operations.

Among services, the managed services segment to grow at a higher CAGR during the forecast period

The connected device analytics market is segmented on the basis of services into two categories, namely, professional services and managed services. Increasing demand of third-party companies to handle IT infrastructure would drive the growth of managed services. Professional services is further segmented into three categories, namely, deployment and integration, support and maintenance, and consulting services. The consulting services segment is expected to grow at a higher CAGR during the forecast period, as as its adoption help businesses create the right IoT strategy for moving toward the digital transformation initiative or finding the best-fit approach.

North America to hold the largest market size during the forecast period

North America is the largest revenue contributor to the global connected device analytics market. The region is witnessing significant developments in the connected device analytics market. Many connected device analytics solution providers in North America are experimenting in the connected device analytics market by integrating IoT, AI, and ML functionalities with their existing connected device analytics solutions. They are also adopting various growth strategies to strengthen their positions in the market. The US government has provided support by promoting an ideal environment for research and innovation, leading to advancements in various fields of science and technology. The government is focused on enhancing the quality of life of its citizens and has made investments toward the integration of big data, AI, and IoT solutions and services across application sectors driving the growth of the US. APAC has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. The commercialization of the IoT technology and need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of connected device analytics solutions in the region.

Major vendors in the global connected device analytics market include Oracle (US), IBM (US), PTC (US), Cisco (US), Google (US), SAS Institute (US), Adobe (US), Teradata (US), AWS (US), HPE (US), Hitachi (Japan), Software AG (Germany), GE (US), Cloudera (US), Guavus (US), Splunk (US), TIBCO Software (US), Qlik (US), Salesforce (US), Infor (US), Mnubo (Canada), Arundo Analytics (US), and Striim (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#connected device analytics market growth

[ict-marketresearch-reports]

Geospatial Imagery Analytics Market Share, Growth Prospects and Key Opportunities by 2026

According to a research report "Geospatial Imagery Analytics Market Growth by Type (Imagery Analytics and Video Analytics), Collection Medium (Satellites, UAVs, and GIS), Application, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2026" According to a research report, the geospatial imagery analytics market is projected to grow from USD 9.1 billion in 2021 to USD 37.5 billion by 2026, at a CAGR of 32.8% during the forecast period. The key factors driving the growth of this market include the rise of geospatial imagery analytics technologies and the increasing competition.

The spread of COVID-19 has been disrupting the world, businesses, and economies and has impacted the way of living of the masses and approaches adopted by enterprises for their business management. The COVID-19 pandemic has impacted all the elements of the technology sector. The hardware business is predicted to have the most impact in the IT industry. Due to the slowdown of the hardware supply and the reduced manufacturing capacity, the IT infrastructure growth has slowed down. The software and service businesses are also expected to slow down for a short span of time. However, the adoption of collaborative applications, location-based applications, security solutions, big data, and AI is set to witness an increase in the remaining part of the year. The pandemic has affected the geospatial imagery analytics market, but companies are still leveraging geospatial imagery analytics solutions and hardware for facility management, virus tracking, people tracking and management, and smart quarantining. Governments, as well as private companies across verticals, are adopting geospatial imagery analytics solutions to keep citizens indoors as well as track them.

Cloud segment to account for higher CAGR during the forecast period

The Geospatial imagery analytics market is bifurcated on the basis of cloud and on-premises. The market size of the cloud deployment mode is estimated to be larger and projected to have a higher CAGR during the forecast period. The cloud-based deployment helps businesses more efficiently process and report data findings, enhance collaboration, and enable decision-makers to get faster access to business intelligence leading to its higher adoption in the Geospatial imagery analytics market.

SMEs segment to hold a larger market size during the forecast period

The SMEs segment is a faster-growing segment in the Geospatial imagery analytics market during the forecast period as cloud-based solutions and services help them improve business performance and enhance productivity. The adoption of Geospatial imagery analytics software and services among large enterprises is high due to the ever-increasing adoption of the cloud, and the trend is expected to continue during the forecast period.

Healthcare and Life sciences segment to have a higher growth rate during the forecast period

Geospatial imagery analytics helps in decision-making by providing real-time information that can support decisions and deliver actionable insights for the vertical. It offers insights that can aid in enhancing the efforts put into patient care, enhance services, and improve existing procedures.

APAC to hold higher CAGR during the forecast period

APAC is showing a substantial rise in the adoption of Geospatial imagery analytics solutions and services during the forecast period. The increasing volumes of data, advancements in AI and big data technologies, growing concerns about data integrity, and rising demand for useful insights are major factors driving the geospatial imagery analytics market across APAC. Countries such as China, and Japan are focusing on enhancing the management of data to enable data-based business decisions and enhance business processes.

Major vendors in the global Geospatial imagery analytics market Google (US), Microsoft (US), Oracle (US), L3Harris Corporation (US), Hexagon AB (Sweden), ESRI (US), TomTom (Netherlands), Trimble (US), Alteryx (US), RMSI (India), Maxar Technologies (US), Ola (India), Planet Labs (US), Orbital Insight (US), UrtheCast (Canada), Geocento (UK), Sparkgeo (Canada), Mapidea (Portugal), ZillionInfo (US), Geospin (Germany), OneView (Israel), Boston Geospatial (US), SafeGraph (US), Hydrosat (US), GeoVerra (Canada), and Slingshot Aerospace (US).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#geospatial imagery analytics market growth

[ict-marketresearch-reports]

Biometric-as-a-Service Market Share, Growth Prospects and Key Opportunities by 2025

The report "Biometric-as-a-Service Market Growth by Offering, Solution (Fingerprint Recognition, Iris Recognition, Voice Recognition, Palm & Vein Recognition), Trait (Physiological, Behavioral), Modality, Organization Size, Vertical, Region-Global Forecast to 2025" size to grow from USD 1.5 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% and post COVID-19 market size is expected to grow from 1.4 billion to 3.6 billion at a CAGR of 19.7% during the forecast period. Increasing users and data-security initiatives by government, growing usage of mobile devices, and rising demand for robust fraud detection and prevention systems are major growth factors for the market. The growing demand for fast and secure users’ identification and regulatory compliances in healthcare to handle patient information with the utmost privacy and proper care would provide opportunities for vendors in the biometric-as-a-service market.

In the solution type, fingerprint scanning segment to hold the largest market size during the forecast period

The fingerprint scanning technology is currently being adopted in various industries, including BFSI, healthcare, government, and other industries. BFSI companies, including Bank of America, JPMorgan Chase, and Wells Fargo, have started adopting the fingerprint scanning technology on a large scale for securing transactions. Despite its numerous benefits, certain factors, such as the use of dirty or damaged fingers and aridity & wetness of digits used for authentication, are seen to have a significant impact in terms of accuracy of the fingerprint scanning technology.

In modality, multimodal segment to grow at a higher CAGR during the forecast period

Multimodal solutions are more secure as compared to unimodal solutions. Moreover, these systems are more accurate and are less prone to image matching and acquisition errors. Data acquisition errors, such as failure-to-acquire and failure-to-enroll, and data-matching errors measured in terms of false match rate, are lower in the case of multimodal authentication. Consequently, these systems are increasingly being adopted in all the industries and are gaining wide user acceptance.

North America to hold the largest market size during the forecast period

North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as large-scale funded programs and employee access monitoring in buildings are driving the revenue growth in this region.

Major vendors in the global biometric-as-a-service market include Idemia (France), NEC (Japan), Thales (France), M2SYS (US), Fujitsu (Japan), Aware (US), Leidos (US), Nuance (US),  Certisign (Brazil), HYPR (US), BioID (Germany), Ayonix (Japan), Phonexia (US), Lexis Nexis (US), Cognitec Systems (Germany), Iritech (US), Affectiva (US), Nviso (Switzerland), Fingerprints (Sweden), Bayometric (US), Google (US), Microsoft (US), IBM (US), Amazon (US), and Accenture (Ireland).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#Biometric as a Service Market Growth

[ict-marketresearch-reports]

Quantum Cryptography Market Share, Growth Prospects and Key Opportunities by 2025

According to a research report "Quantum Cryptography Market Growth by Component (Solutions and Services), Services (Consulting and Advisory, Deployment and Integration, and Support and Maintenance), Security Type (Network and Application Security), Vertical & Region - Global Forecast to 2025" published by MarketsandMarkets, the global quantum cryptography market size is estimated to be USD 89 million in 2020 and projected to reach USD 214 million by 2025 at a CAGR of 19.1%. Factors such as the growing incidents of cyber-attacks in the era of digitalization, increasing cybersecurity funding, rising demand of next-generation security solutions for cloud and IoT technologies, and evolving next-generation wireless network technologies are expected to drive the growth of the global quantum cryptography market.

Solution segment to account for a higher market share during the forecast period

The quantum cryptography solutions segment includes the revenue generated from Quantum Key Distribution (QKD) platforms, QKD servers, virtual encryptors, QKD distributors, key and policy managers, SDK to integrate cryptography, quantum cryptography communication device, quantum security gateway, Quantum Random Number Generator (QRNG), hackerbox, quantum secure communication network products, and repeaters, along with factors essential for the implementation of quantum cryptography. This solution helps in encrypting the critical information without being leaked midway.

Increasing demand for consultations to solve the problems that hinder commercial clients’ business growth set to fuel the growth of consulting and advisory segment

Quantum cryptography service providers render a variety of services, such as consulting and advisory, deployment and integration, and support and maintenance service. Quantum cryptography consulting and advisory services play an important role in the implementation of the required set of solutions and techniques for securing the transmission of data. For this, qualified industry experts and security professionals are involved as consultants. Consultants help enterprises devise security strategies, minimize risks, understand the maturity of their quantum cryptography solutions, and reduce compliance costs. Advisory services assist organizations in solving a problem that hinders their business growth; the experts guide the path or directs the clients on where to go for help. Advisory service is provided by experienced experts, who offer hands-on, practical help, advice, and support business areas that will help make a difference to the business.

Americas region is expected to grow at the highest CAGR during the forecast period

The rise in cyber-attacks in this region is one of the major factors responsible for the growth of the market. Due to the high adoption of encryption-based applications in the Americas, the attacks are increasing dramatically and becoming more sophisticated. Furthermore, the growing IT management complexity, along with the increasing need for data privacy and security is an important factor driving the quantum cryptography market in the region. Countries such as the US, Canada, Brazil, and Mexico are generating significant revenue in this market. The organizations in this region are focusing on securing their applications and networks using various quantum cryptography appliances. In addition, the region has witnessed several government initiatives followed by heavy funding in research and development.

Major vendors in the global quantum cryptography market include ID Quantique (Switzerland), QuintessenceLabs (Australia), NuCrypt (US), Qasky (China), Crypta Labs (UK), Qubitekk (US), Post-Quantum (UK), MagiQ Technologies (US), ISARA (Canada), QuNu Labs (India), QuantumCTek (China), Quantum Xchange (US), Aurea Technologies (France), qutools (Germany), Infineon (Germany), Mitsubishi Electric (Japan), IBM (US), HP (US), NEC (Japan), Toshiba (Japan), Microsoft (US), Raytheon Technologies (US), Crypto Quantique (UK), Qrypt (US) and Onboard security (US).

About MarketsandMarkets™

 MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected]

#quantum cryptography market growth