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Deception Technology Market Size, Share, Segmentation, Analysis Report, Trends and Forecast By 2027

Deception Technology Market-Overview

The need for robust security tools and techniques is estimated to drive the deception technology market in 2020. The technology reports are produced by Market Research Future, which contains market alternatives for progress. The earnings point of USD 2.3 Billion is projected to be attained at 14% of CAGR by 2022.

The expanding nature of advanced persistent threats is estimated to add to the momentum of the Deception Technology Market growth in the future. The escalation in the use of the Internet of Things (IoT) and, along with it, Bring Your Own Device (BYOD) is likely to enhance the deception technology market size in the coming years.

Segmental Analysis

The segmental investigation of the deception technology market is carried out on the basis of component, deception stack, deployment mode, end-user, and region. Based on the component, the deception technology market comprises of solutions and services. The service segment is additionally segmented into system integration, support and maintenance, consulting, and professional services. On the basis of the deception stack, the deception technology market comprises of data security, application security, network security, and endpoint security. On the basis of the deployment models, the deception technology market comprises of cloud and on-premise models. Based on the End-user, the deception technology market comprises of BFSI, Healthcare, retail, transport, government, telecom, and others. Based on the regions, the deception technology market comprises of North America, Europe, Asia Pacific and the rest of the regions in the world.

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Detailed Regional Analysis

The regional examination of the deception technology market encompasses regions such as North America, Europe, Asia Pacific, and the rest of the regions in the world. The study points out that the North American region would control the deception technology market by the forecast period shadowed by the regional market in Europe due to the significant advances in the field of deception technology observed in nations such as the U.S. and Canada. The analysis also designates that the U.S. and Canada are the hubs of big as well as start-ups vendors in the North American region. The study indicates that Asia Pacific countries like South Korea, China, Japan, India, and others are greatly financing in network security infrastructure by companies in BFSI and IT & Telecom sectors. The study discloses that the Asia Pacific region would display a positive development in the deception technology market through the forecast period.

Competitive Analysis

The market is expected to revitalize its options for development as it overcomes this period of uncertainty in a careful and calibrated manner, the enhancement of the supply chains is estimated to focus on the incorporation of robotic assets so as to broaden the scope of supply that can be expected from the market on the whole. The competition in the market is estimated to be focused on mitigating the effect of external forces rather than exclusively dealing with internal competition. The government role is estimated to be pronounced in the near term as their backing is essential to get the growth of regional markets on track.  The market is also expected to emphasize on innovation to amplify the development scope in the global market. The need to integrate is projected to become even more prominent in the market in the upcoming period. The market is in a stage that requires careful and strategic planning to ensure that the growth achieved thus far is not compromised.

The recognized players in the deception technology market are Attivo Networks (U.S.), TopSpin Security (Israel), Smokescreen Technologies (India), Allure Security Technology (U.S.), Guardicore (Israel), Cymmetria, Inc. (Israel), Illusive Networks (Israel), LogRhythm Inc. (U.S), TrapX Security (U.S.), Rapid7, Inc. (U.S.) and vArmour (U.S.)  among others.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Speech Analytics Market Size, Share, Report, Analysis, Trends & Forecast to 2027

The Global Speech Analytics Market to Garner USD 1.75 Billion by 2022

North America to Lead the Global Speech Analytics Market

The Global Speech Analytics Market to Post 23% CAGR by 2022

Market Analysis

Market Research Future (MRFR) projects the global speech analytics market to reach USD 1.75 billion at a CAGR of 23% from 2016 to 2022 (forecast period).

The process of speech analytics is all about carefully evaluating the vital recorded calls in order to obtain useful customer information with the simple goal of improving communication and future prospective interaction. Several contact centers use the speech analytics market to extract or derive vital information from various client interactions with the firm. The sophisticated technology can readily be identified, such as cost drivers, strength aspects and key flaws with new processes and products, upcoming trend analysis, and support in understanding how the fundamental marketplace identifies different types of offerings.

The advanced need for customer relationship management, an increase in the various levels of competitiveness amongst the several existing players in the speech analytics market, upcoming product development, and several rigorous managements are the primary factors contributing to the spread of the speech analytics market. The speech analytics industry is all about risk management, and expanding requirements for advanced compliance are also contributing significantly to the advanced rate. The growing demand for speech analytics is fueled by the extensive experience and comprehensive understanding of third-party resources for the initial implementation of such cutting-edge solutions. The increased customer interaction via various channels such as speech, social channels, and surveys is a main driving force for the development of the speech analytics market size. The primary impediment to the growth of the speech analytics market is the related increasing expenses, particularly the cost of software licensing.

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COVID-19 Impact on the Global Speech Analytics Market

The COVID 19 has had an impact on every country, as well as the speech analytics market share. To counteract the negative impacts, countries have implemented lockdowns that have harmed the speech analytics sector. The pandemic poses several challenges to the industry; it affects people all over the world. A variety of issues, including the risk of continuing manufacturing, the supply chain, distribution, a lack of workforce employees, and significantly reduced development efforts, have predominantly influenced continued demand and supply. People are not as active as they once were. Significant strategic changes are taking place. Because of rising consumer demand, multinational corporations are increasing their investments in the speech analytics sector.

Market Segmentation

The global speech analytics industry has been segmented into type, deployment type, and end-user.

By type, the global speech analytics market has been segmented into services and solutions.

By deployment type, the global speech analytics market has been segmented into cloud and on-premise.

By end-user, the global speech analytics market has been segmented into BFSI, government, healthcare, retail, and IT.

By organization size, the global speech analytics market has been segmented into large enterprises, small & medium enterprises.

Regional Analysis

Regionally, the global speech analytics industry has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America is anticipated to be the biggest market in terms of profit contribution due to the increased adoption of several cloud-based services by way of production systems and by several distribution channels. Furthermore, the Asia Pacific area is expected to develop significantly in the web-scale IT market due to increased investment by major players such as JoyentCloud, Rackspace company, and VMware limited in modernizing cloud-based services in the worldwide region. In addition, there has been an increase in demand for various software-based services in key developing countries. For example, India and China are expected to lead growth in a number of web-scale IT businesses in the Asia Pacific.

Key Players

VERINT SYSTEMS, INC. (US), GENESYS TELECOMMUNICATION LABORATORIES, INC. (US), CALLMINER, INC. (US), NICE SYSTEMS LTD. (ISRAEL), AVAYA, INC. (US), HP ENTERPRISE (US), CALABRIO, INC. (US), CALABRIDGE, INC. (US), ASPECT SOFTWARE INC. (US), CASTEL COMMUNICATIONS LLC (US)

Summary

The global speech analytics market is set to reach USD 1.75 Billion at an estimated approximate CAGR of 23% from 2016 to 2022 (forecast period). The widespread use of speech analytics by companies to improve customer service can boost the global speech analytics market forward.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Digital Banking Market Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2027

Digital banking is the paperless way of conducting financial transactions through your bank using a mobile application. The aim of financial institutions in digitizing all processes and redrawing of all traditional practices can lead to heavy investments in digital banking. The Digital Banking Market report by Market Research Future (MRFR) contains an overview of the industry, changing consumer expectations, and various moves made by financial organizations. It contains projections for revenue and growth for the period of 2016 to 2022 (forecast period) as well as the implications of the COVID-19 pandemic on the market.

Market Scope

The global digital banking market size is projected to scale at a CAGR of 8% over the forecast period. It can grow rapidly owing to increasing internet speeds and swelling size of smartphone users. The proliferation of information technology into the banking sector is expected to drive market growth over the forecast period. Ease of opening bank accounts online has led to many customers signing to ZA Bank in Hong Kong. Promotion of fintech and innovation in customer experiences can fuel the market growth. Financial organizations are partnering with fintech firms for creating API strategies to cater to small and medium enterprises. This is evident with the options of mobile banking and ability to conduct transactions seamlessly. The use of data and customer behavior for creating new experiences is pivotal to API strategy.

The digital banking market is expected to thrive despite the COVID-19 pandemic. The flurry of services offered to customers, integration of advanced technologies such as blockchain, and adoption of mobile banking platforms can drive the market during this unforeseen period. But the curtailing of budgets can affect the market growth.

However, digital illiteracy among the elderly and lack of networking infrastructure in developing economies can threaten the market growth.  

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Segmentation

The global digital banking market has been segmented on the basis of deployment, services, technology, and industry. By deployment, the market has been divided into on cloud and on- premises.

Services include non-transactional activities, transactional, and others.

On the basis of technology, it is segmented into digital payments, mobile banking, and internet banking.

On the basis of industries, the market includes healthcare, retail, banking, manufacturing, media & entertainment, and others.

Regional Analysis

North America is currently dominating the global digital banking market. High volume of smartphone users and technologically advanced countries such as the U.S. and Canada gives North America a competitive advantage over the other regions.

Europe stands as second biggest revenue generator in this market. Rich financial sectors in the U.K., France, and Germany are major contributors towards the growth of digital banking in the region. Also, high literacy rate and knowledge towards internet and mobile applications are some of the factor which is supporting the market of digital banking in Europe. New design approaches and development of dynamic business models can drive the regional market growth.

APAC has emerged as the fastest growing market due to the growing economies of India, China and countries, and green earth initiatives. The change in regulations and policies for assisting customers in taking the digital route and lower banking lines can bode well for the regional market . Digital bank licenses accorded to fintech firms as well as investments by new players have made this region prime and lucrative for the market.

Competitive Outlook

Cachet Financial Solutions, Inc., Infosys, Innofis, Backbase, Misys, Urban FT, Inc., Technisys, Mobilearth, and Kony, Inc. are key players of the global digital banking market. Other prominent names are IDEALINVENT Technologies, Nymbus, Capital Banking Solutions, NLS Banking, and others. The market is highly competitive due to new entrants in fintech and continuous development of API and customer experiences. Recently, Razer has applied for a digital banking license in Singapore and looking for viable investments in Latin America and Asia.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Crowd Analytics Market Growth, Revenue, Trends, Global Market Demand Penetration and Forecast to 2027

Crowd Analytics Market to Rise at 24% CAGR by 2022

Crowd Analytics Market Progress to Determine by Tangibility of Mega Infrastructure Projects

Market Study

Market Research Future (MRFR), in its latest report on the global crowd analytics market 2020 reveals factors that can promote the market. As per MRFR study, the crowd analytics market can rise at about 24% CAGR through the study period (2015 to 2022). In 2015, MRFR recorded the crowd analytics market value at USD 323 Mn. By 2025, the world crowd analytics market can rise at USD 1.4 Bn. The optimized business solution offered by crowd analytics to deliver insightful analysis of mass gathering places, such as, retail malls, metro & airport terminals, community centers, sports stadium, city stores, and others can prompt the expansion of the market. Crowd analytics solutions offer different statistical and modelling capabilities. They include behavioral model, microscopic model, conflict estimation, value engineering, and complex network analysis. Crowd analytics improve business operations threshold by leveraging customer behavioral and crowd tracking analysis. In addition, the rise in cloud deployment model to support analytics solutions at minimal price over on-premise installations can boost the rise of the world cloud analytics market.

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Segmental Study

MRFR’s segment study on the crowd analytics global market is based on verticals, deployment, and application. The deployment based segments of the crowd analytics market are on premise, on cloud, and hybrid. The application based segment of the market are revenue forecasting, market forecasting, customer management, incident analytics and others. The rise in surveillance and security concerns can boost the expansion of the crowd analytics market in the years to come. The vertical based segments of the crowd analytics market are Retail, BFSI, Healthcare, Transportation, and Media & Entertainment among others. The growing investment in the information and technology sector can prompt the market growth. The increase in smart city projects and the rise in the need for better crowd distribution planning in these smart cities can boost the market growth. The upsurge in airlines count and train passengers can cause the market to rise.  

Regional Study

Technological advancements, following the rise in the utility of cloud analytics platform can contributed largely to the growing adoption of crowd analytics in the North America region. Urban developments in the Asia Pacific region are increasing the need for smart public management solutions, especially at metro terminals, railway stations, and other community places. MRFR study states that the crowd analytics market in Asia Pacific is anticipated to rise registering the highest CAGR in the years to come. Industry participants are highly deploying crowd analytics solutions that are improving the strength of the market. The rise in need for crowd analytics for public control management at airport gateways and large retail malls can cause the crowd analytics market high growth rate. The expansion of global brands and the rise in expenditures by them can cause the crowd analytics market in APAC to rise, In Europe, The rise in visitors at commercial malls can underpin the growth of the crowd analytics market.

Key Players

MRFR identified reputed companies in the global crowd analytics market. They are; Crowd Dynamics (U.K.), NEC Corporation (Japan), Crowd ANALYTIX, Inc. (U.S.), Sightcorp (Netherlands), Spigit, Inc. (U.S.), Nokia (Finland), AGT International (Switzerland), Wavestore (U.K.), and Walkbase (Finland) among others. MRFR report on the world crowd analytics market details elaborates forces that can cause the market to surge. Mergers and the introduction of innovations can bolster the crowd analytics market growth. Several countries globally have spent In addition, the heavy improvement made in safety and security at public places can impel the expansion of the market.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Mobile Application Development Market Size, Share, Challenges, Opportunities, Trends and Segmentation

Overview

The mobile application development market is anticipated to grow rapidly at a CAGR of 14% during the forecast period. The global mobile application development market is driven by growing dependency over smartphones. These factors have helped shape the Mobile App Development Market and are expected to boost the growth. Companies in the mobile application development market could also face challenges such as lack of technical expertise and high development cost. The details covered in the mobile application development market report cover all the aspects of the industry. Mobile application development market analysts have also shared growth projections in the report and have suggested mobile application development market players to plan growth strategies accordingly.

Market Segmentation

The global mobile application development market has been segmented based on platform and application. On the basis of platform, the market for mobile application development is segmented based on iOS and Android. Additionally, the market on the basis of applications, is segmented into e-commerce, entertainment (gaming, media), banking, government agencies, education, and airline industry.

Factors like increased opportunities for IT professionals and growth in the IoT market. support the mobile application development market growth. The performance of the mobile application development market has also been studied for the past and current years. Additionally, the mobile application development market report provides analysis of these segments. The mobile application development market segmental analysis provided in the report offers major details about the mobile application development market performance and future.

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Regional Overview

Companies in the mobile application development market are spread across the world. The mobile application development market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American mobile application development market has many companies across the United States, Canada, and Mexico. Europe has companies in the mobile application development market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the mobile application development market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The mobile application development market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the mobile application development market can be found in the market research report.

Competitive Landscape

The mobile application development market is supported by high market penetration of smartphones and high usage of mobile apps. The population growth around the world and increasing demand of mobile application development market based services and products also support the market growth. However, the mobile application development market growth can be affected due to high cost involvement in app development and growing maintenance needs. The report covers all such details which will help companies in the mobile application development market to strengthen their business plan and improve their product portfolio. The mobile application development market research report also provides company profiles of major companies. The company profile of organizations operating in the mobile application development market discusses growth plans, strategies, revenue, size, and mergers and acquisition details of top companies in the mobile application development market. New entrants and established players can plan their strategies based on this data provided in the mobile application development market research report.

Industry News

In the past two years, F5 Networks announced a deal to purchase Volterra Inc. cloud-based startup for 440 million dollars in cash and 60 million dollars in future, with over two billion dollars in overall acquisition investment for the Seattle-based application security and supply business. With headquarters in Santa Clara, Calif., Volterra provides a multi-cloud edge computing network for processing close to sensors and decreased latency sites.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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FPGA in Telecom Sector Market Growing Demand, Top Industries, Size and Share, Forecast 2027

IoT Adoption to Influence Huge Demand in Global FPGA in Telecom Sector Market

Global FPGA in Telecom Sector to Thrive by Employing Radio Access Network (RAN) Models

Field programmable gate arrays (FPGA) are programmable switches capable of creating application-specific processors and integrated circuits. It is used as a prototype for new chips. The evolution in communication networking technologies as well as changes in steps of design of new networking devices can find its implementation. The global FPGA in telecom sector market is poised to reach a valuation of USD 1,625 million by 2023, according to the latest report by Market Research Future (MRFR). MRFR employs proprietary primary and secondary methods to assess key variables such as drivers, trends, opportunities, and challenges for the period of 2018 to 2023 (forecast period).

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Market Scope

The global FPGA in telecom sector can display a stellar CAGR of 9% over the forecast period. This is driven by the use of merchant silicon in these processors for transferring information at high rates. FPGA use logical blocks and routing channels for implementing custom hardware and relies on VHDL and Verilog for adding new updates and fixing system issues rapidly. Ease of programming and adoption of IoT and AI can drive global market growth.

The focus of governments on improving AI prototypes of various machines is expected to bolster market growth. For instance, the government of South Korea has invested USD 890 million for increasing adoption of FPGAs in AI systems. The COVID-19 pandemic has halted production of FPGA components. But the reliance on the components has led to many premier education institutes for offering courses on FPGA to employees and students. The Center for Teaching Development and Innovation at Bonn-Rhein-Seig University of Applied Sciences, Germany, has opened its remote laboratory for students to perform new experiments on FPGAs.

Segmentation

By technology, the market is segmented into Antifuse, SRAM, and Flash. The SRAM technology had dominated the global FPGA in telecom sector market in 2017 owing to being reconfigurable and developed by technology nodes. Low costs of transistors and in-built logic for initializing themselves can bode well for the segment.

By configuration, the market is segmented into Low-end FPGA, Mid-range FPGA, and High-end FPGA. The low-end FPGA segment is likely to dominate the market over the forecast period owing to its high performance and low costs. Its application in automotive and military sectors can drive the segment growth.

By node size, the market is segmented into less than 28 nm, 28–90 nm, and more than 90 nm. The less than 28 nm segment can command a huge demand share of the market over the forecast period. This is attributed to its use in computing applications, reprogrammable nature, and low power consumption.

By application, the market is segmented into 4G, 3G, WiMax, and LTE. The LTE application is bound to drive the maximum revenue for the global FPGA in telecom sector owing to improved capabilities of routers and network capacity of internet service providers in offering high data rates. Introduction of new standards for mobile communication systems as well as new modulation techniques for uplink and downlink can foster market growth.

Regional Analysis

North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions covered for outlining the prospects of the global FPGA in telecom sector market.

APAC is estimated to dominate the global market owing to presence of major semiconductor companies as well as huge potential for consumer electronic products in South Korea, India, Japan, and China. Rise of foreign investments in the region and a large consumer base can facilitate market demand. Dependency on cloud and data centers as well as initiatives by countries for rolling out 5G can bode well for the market.

Competitive Scope

Aeroflex Inc., Microsemi Corporation, Xilinx Inc., Atmel Corporation, Texas Instruments, S2C Inc., Intel Corporation, Cypress Semiconductor, Lattice Semiconductor, Achronix Semiconductor Corporation, and others are prominent players of the global FPGA in telecom sector market.

Industry News

Lattice Semiconductor Corporation has announced new versions of the Lattice MachXO2ZE FPGA family for interface applications in consumer and industrial IoT devices.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Big Data as a Service Market Growing Demand, Top Industries, Size and Share, Forecast 2027

Big Data as a Service Market to Rise at 28% CAGR by 2022

Coronavirus Pandemic Favoring Big Data as a Service Market Performance?

Market Synopsis

Market Research Future (MRFR), in its report on the big data as a service market 2020 discuss impact of COVID-19 on the market. As per MRFR findings, the big data as a service market can rise at 28% CAGR through 2016 to 2022. MRFR study states that the worldwide big data as a service market can value at USD 18 Bn on the conclusion of the review period. The growing popularity of big data as a service as a robust statistical tool that aid in the delivery of solid and reliable information can prompt the expansion of the world market of big data as a service market.

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The utility of BaaS in organizations to understand, implement, and gain insights from unsorted and massive pile of raw and unstructured information can bolster the expansion of the big data as a service market in the years to come. Another important factor that can drive the big data as a service market is the rise in need for structured data analysis in different enterprises. The rise in amount of data generated and the growing need to for effective data analysis in organizations to achieve better tasks fulfilments can boost the rise of the world market of BaaS. In addition, the rise in the demand for data science and predictive analysis can transform the competitive analysis, which can promote the expansion of the market of big data as a service.

Market Segmentation

The big data as a service market segment is based on services, deployment, industry, and organization size. The services based, big data as service market segments are DaaS (Data as a Service), AaaS (Analytics as a Service), and HaaS (Hadoop as a Service). The deployment based, the big data as a service market segments are hybrid, on-premise, and on-cloud. The industry based, big data as a service market segments are retail, BFSI, healthcare, media & entertainment, manufacturing, and government among other. The organization size based segments of the big data as a service market are large enterprise and small and medium enterprise.

Regional Analysis

The big data as a service market in North America can dominated the global market, shows MRFR analysis. North America BaaS market can be led by major players in the US. The rise in the adoption of big data as a service across different industries can support the growth of the market in the North America region. In Europe, the big data as a service market can witness a significant change. The hike in the applications of big data as a service market in the IT & telecommunication industry can bolster EU market rise. In Asia Pacific, different developments in the big data technologies can support the rise of the big data as a service in the region.

Key players

MRFR identified some notable players in the big data as a service market. They are Microsoft Corporation (U.S.), SAS Institute (U.S.), SAP SE (Germany), Google (U.S.), IBM (U.S.), Cazena (U.S.), Amazon Web Services (U.S.), Arcadia Data (U.S.), Oracle Corporation (U.S.), Hewlett-Packard (HP) (U.S.), DataHero (U.S.), DataTorrent (U.S.), Teradata Corporation (U.S.), VMware, Inc (U.S.), New Relic (U.S.), Tableau Software (U.S.), and Splunk (U.S.) among others. These players are invested in innovations and high research and development activities. Marketer are focused in the introduction of cost-effective product portfolio that can favour the big data as a service market. Strategic partnerships, mergers, and other types of pact and deals are signed by major marketers to enhance their global influence and gain global foothold.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Digital Asset Management Software Market Growth, Revenue, Trends, Global Market Demand Penetration and Forecast to 2027

Centralization of Intellectual Property to Drive Global Digital Asset Management Software Market

Global Digital Asset Management Software Market Growth Fueled by Digital Marketing

Digital asset management (DAM) software is a technology used in the centralized storage and organization of assets. It stores files such as videos, images, audio, and other files as well as intellectual property on the files. The global digital asset management software market report by Market Research Future (MRFR) looks at the digitization of data and emergence of brands for management of their data and drivers and challenges for the period of 2016 to 2022 (forecast period). The COVID-19 pandemic and its effect on the industry are noted in the report.

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Market Scope

The global digital asset management software market is predicted to accrue revenues at a stupendous growth rate over the forecast period. The use of DAM software for management of all the copyrighted data and intellectual property of a company can bode well for the market. The development of a central hub for all data for sales and marketing purposes will favor the market as large enterprises bank on the software.

The large spending budget by firms and corporations on digital marketing is anticipated to influence the need for DAM software. Integration of analytical tools for gauging social media response to content and ability to understand customer behavior will bode well for the market. Enterprises can secure their assets and transform their content into the latest formats. The large piracy and plagiarism issues faced by media heads can fuel the global demand for digital asset management (DAM).

The COVID-19 pandemic and the rise of work from home (WFH) imparted on employees for working on collaborative projects can drive the market demand significantly. The installation of DAM on company servers for assisting employees in their endeavors will bode well for the market.

Segmentation

By deployment, it is divided into on premise and cloud.

By application areas, it is segmented into manufacturing industry, entertainment industry, BFSI, education, and others.

By end users, it is segmented into small organizations, medium organization, and large organizations.

Regional Analysis

North America, Europe, Asia Pacific, and Rest of the World (ROW) are major regions discussed in the global digital asset management software market.

North America is likely to lead the global digital asset management software market due to shift towards paperless environment and adoption of cloud for storage. The need of the software by small enterprises for managing their data and solving complexities to lower costs can drive the regional DAM market growth. The cost benefit of cloud DAM can encourage small and medium enterprises in procuring the software.

APAC is expected to be lucrative to the global DAM software market owing to opportunities in China, South Korea, India, and Japan. Adoption of new technologies in developing economies can push the market demand significantly. The need for the software for maintaining media files can bode well for the industry.

Competitive Outlook

Adobe Systems, HP, Cognizant Technology Solutions, IBM Corporation, Oracle Corporation, Widen, Celartem Inc., MediaBeacon Inc., EMC Corporation, and CELUM are prime players of the global digital asset management software market. Launch of new features for attracting clients and subscription based business model followed by players can lead to heavy competition. Recently, IntelligenceBank announced the new feature of facial recognition in its software for identifying people and names as per similar facial features.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Mobile Security Market Growth, Revenue, Trends, Global Market Demand Penetration and Forecast to 2027

Market Synopsis

As per the analysis by Market Research Future Reports (MRFR), the global worldwide mobile security market is estimated to grow from USD 10.50 billion in 2017 to USD 48.85 billion by 2023 at a CAGR of 29.55% during the review period.

The essential factor booming the Mobile Security Market 2020 is the increasing concern of protecting data on enterprise mobile devices. The rise in the usage of mobile phones for banking and e-commerce has made it crucial for the deployment of security software in mobile devices. The need to adhere to security parameters and to increase the adoption of two-factor authentication are some other crucial factors bringing an impact on the growth of the market. The rising adoption of cloud-based technology is likely to propel the market during the review period. The increasing penetration of smartphones has motivated may regional, global, and local companies to develop mobile security software. The growing trend of Bring Your Own Device (BYOD) has propelled the market exponentially. However, increasing cyber-attacks is the biggest hurdle faced by the developers of security solutions. Moreover, pirated and free mobile security can be procured easily, which hampers the growth of the market.

Market Segmentation

The mobile security market is classified on the basis of end-user, operating system, solution, deployment, and region.

On the basis of end-user, the market is segregated into retail, individual users, and financial institutions.

On the operating system, the market is segregated into windows, iOS, android, blackberry, and others.

On the basis of the solution, the market is segregated into the firewall, multi-factor authentication, mobile data protection, data encryption, and mobile application management.

On the basis of deployment, the market is segregated into on-premises and cloud.

On the basis of region, the market is segregated into Europe, America, Asia-Pacific, and the Rest of the World (RoW).

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Regional Analysis

The geographical analysis of Europe, America, Asia-Pacific, and the Rest of the World (ROW) has been performed. North America is reigning the global worldwide mobile security market. The North American market acquires the maximum market share. The second position is attained by Europe since the developed countries like Germany, U.S, France, UK, and Canada are the quick adopters of innovative technologies. Moreover, the European region consists of significant, established mobile security software vendors and service providers. The Asia Pacific region is anticipated to be the fastest expanding region due to the establishment of consumer electronics manufacturers and I.T. hubs. Moreover, the increasing adoption of mobile security software by SMEs and enterprises in the APAC region is an additional essential factor in expanding the market. The MEA and Latin American markets are anticipated to exhibit significant growth during the review period.

Key Players

The forefront players of the global worldwide mobile security market are Honeywell International Inc. (U.S.), IBM Corporation (U.S.), ABB Ltd (Switzerland), Schneider Electric (France), Cisco Systems, Dell In, Rockwell Automation (U.S.), Bayshore Networks (U.S.), Symantec Corporation (U.S.), Kaspersky Labs (Russia), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), AVG Technologies (Netherlands), Kaspersky Lab (Russia), Intel security group (U.S.), Apple Inc. (U.S.), Verizon Communication Inc. (U.S.), AT&T Inc. (U.S.), and a few more.

Industry News

Apple iPads and iPhones are vulnerable to hacking through the mail app because of a flaw in its email software. As per the study, two vulnerabilities were found in the mail app, which would have allowed the hackers to steal data for years. The issue came into notice while a cyber-attack was being investigated.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Artificial Intelligence Market Size, Share, Challenges, Opportunities, Trends and Segmentation

Overview

According to the report, the artificial intelligence market size is forecasted at a CAGR of 28% till 2023. You must know that artificial intelligence is considered one of the technologies that have developed in a fast range in recent times. The best thing about Global Artificial Intelligence Market is that it is associated with human intelligence. And it includes some of the best features like language understanding, learning, reasoning, problem-solving, and much more. In the revision of AI technology, the manufacturers in the market have analyzed as underlying.

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Artificial Intelligence Market Report says that AI is positioned at the main of the new generation software technologies. It mainly focuses on the growth side of the market. In this market, you may also find restraints and artificial intelligence trends that could affect the artificial intelligence market growth to a great extent. Due to the rise in innovative start-ups and advancements in technology number, there is an increase in investment level. The most effective factor that is driving the artificial intelligence market size is achieving robotic autonomy. The need for robotic autonomy in the market helps you to stay in the competition in the worldwide market.

There are many restraining factors in the artificial intelligence (Al) market that are affecting the growth of the market. The main restrain in the AI Industry is the limited number of AI experts, and as per the Artificial Intelligence Market Analysis, AI is considered a complex system. And in order to develop, manage, and implement the system, it requires expert knowledge and skill. In the Global artificial intelligence market, even a small error could result in making the existing system more complicated and difficult to understand and resolve. In order to develop the artificial intelligence (Al) market size, it becomes important to resolve the restraining factors in the market.

Market segmentation

Artificial intelligence (Al) market share is segmented based on many factors like service, type, and region. Based on the service, the AI market is divided into speech recognition, machine learning, image processing, and natural language processing. The best example of AI segmentation based on service is the voice recognition product. The voice recognition tool is mainly used in smartphones and many other smart devices to get the best results. Segmentation based on artificial intelligence market share type includes software and hardware. The software is divided into deployment & Integration and, Maintenance & Support. Based on the technology, the AI market is divided into machine learning, computer version, natural language processing, and context-aware computing.

Regional Analysis

Europe & America is the world heads of AI according to the most recent artificial intelligence market research. They have taken AI to the cutting edge according to the utilization of AI in the armed force, and the naval force's guard framework has made the world a superior spot by anticipating the idea of fear of terrorist attack. Monitoring information kept up by the public authority has prompted a critical decrease in these numbers of attacks. Europe that works on innovation SAP-HANA is nearly worldwide upsetting the world financial matters in the monetary area by giving organizations a business opportunity for recording and foreseeing information.

Industrial news

With the rise in the COVID-19 pandemic situation, the market condition has been affected to a great extent. The industries have been shut down, and the people have been quarantined at their homes. This pandemic situation is making things more badly, and the working process of the market is being affected. But the artificial intelligence market revenue is expected to enhance its growth in the future time period due to its effective and beneficial use.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Digital Marketing Software Market Report, Key Players, Size, Share, Analysis 2020 and Forecast To 2027

Market Overview

Market Research Future (MRFR), in its recently published research report, asserts that the global digital marketing software market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation of USD 119.07 billion by 2025, and a healthy CAGR in the forecast period.

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Drivers and Restraints

Social networking platforms like Facebook and Instagram, which provide a forum for reaching large numbers of customers and enriching their online experience, are among the biggest drivers of the market. Since the growing use of smartphones, it has become a platform for digital advertisement. India, China, and Brazil's emerging economies are prime opportunities for successful expansion into the digital marketing software market. Increasing online shopping preference due to safe Internet access and the availability of affordable mobile options will drive market growth over the review period. The rise in digital marketing software adoption is due to the increase in organizations 'digital marketing budgets, common social media channels and increased internet penetration.

In addition, cloud solutions have also played a prominent role due to their advantages including minimum I.T. Investment, cost-effectiveness and easy access. The advent of disruptive technologies like big data, predictive analytics, and artificial intelligence (A.I.) will spur its development. But questions about data protection may present the market with a challenge.

Segmental Analysis

Based on the type, the market is segmented into interaction systems, data & analytics systems, content production & management, and management & administration-oriented apps. Interaction systems accounted for a 43% market share in 2013 and were valued at USD 9.8 billion. This segment can witness a 19.7% CAGR over the forecast period to touch a size of USD 5.3 billion by 2025. On the other hand, the data & analytics system segment can exhibit the highest CAGR of 20.5% over the assessment period owing to data is a valuable asset in understanding consumer behavior. Major market applications comprise BFSI, manufacturing, retail, high tech & I.T., media & entertainment, and others. The media & entertainment applications dominated the digital marketing software market, with a 27% share in 2013. It can touch USD 35.19 million by 2025. On the other hand, the retail segment can observe 21% CAGR over the forecast period to touch USD 35.68 billion by 2025.

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Regional Overview

The geographical overview of the global market has been analyzed in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).

North America is poised to hold the largest share of the market in digital marketing applications, while Asia-Pacific is expected to rise at a significant pace over the forecast period. The category of interaction technology services led the market size of digital marketing applications in 2016, and is projected to continue this trend in the near future. The U.S. market for digital marketing software is to exhibit a 21.2% CAGR over the reivew period due to the adoption of digital marketing software in media & entertainment, retail and other vertical industries. Use personalized ads to meet individual needs will drive the regional market's value to USD 28.8 million by 2025.

India can witness 31.7% CAGR over the review period, while China can register 27.6% CAGR during the review period. The advent of numerous social media platforms has made mobile advertising very lucrative. This has impelled the demand for digital marketing software in these regions.

Competitive Analysis

The key market players operating in the global market as identified by MRFR are H.P. Enterprise Development L.P (U.S.), Adobe Systems (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAS Institute Inc. (U.S.), and Hubspot Inc. (U.S.).

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Marketing Automation Software Market Growth Drivers, Trends & Demands - Global Forecast to 2027

North America to Spearhead Marketing Automation Software Market

Marketing Automation Software Market to Touch USD 10,418.6 Million at 12.7% CAGR by 2025

Demand for Personalized Marketing to Positively Impact Marketing Automation Software Market Growth  

Market Analysis  

The marketing automation software market to touch USD 10,418.6 million at a 12.7% CAGR between 2019- 2025, states the recent Market Research Future (MRFR) analysis. Marketing automation software, simply put, is a solution that helps marketers to manage repetitive marketing tasks with ease like handling mobile marketing, social media posts, and emails. Mobile marketing, digital marketing, inbound marketing, and email marketing are the different types of marketing automation software that is widely used in large enterprise and SMEs. This platform helps to streamline every task and workflow efficiently that increases revenue as well as builds a good customer base.  

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Various factors are propelling the global marketing automation software market share. As per the current MRFR report, such factors include a growing need for automating repetitive marketing processes, growing demand for personalized marketing, better predictive lead scoring, and users’ retention for business growth. Additional factors adding market growth include the digitalization of industries, increasing internet penetration, growing use of mobile devices, rapid demand for automating marketing solutions, need for informed advertising strategy, demand for business insights and automation, rising adoption of internet of things devices, and rise in data analytics & big data solutions.  

On the flip side, high software cost, lack of analytical skills and knowledge, and the impact of the ongoing COVID-19 pandemic are factors that may limit the global marketing automation software market growth over the forecast period.  

Market Segmentation

The MRFR report gives an inclusive segmental analysis of the global marketing automation software market report based on application and product.  

By product, the global marketing automation software market is segmented into mobile marketing, digital marketing, inbound marketing, and email marketing. Of these, the digital marketing segment will lead the market during the forecast period. It is likely to develop at a 13.2% CAGR by 2025.  

By application, the global marketing automation software market is segmented into large enterprise and SMEs. Of these, the SMEs will dominate the market over the forecast period.  

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Regional Analysis

Based on the region, the global marketing automation software market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, North America will spearhead the market over the forecast period. Rising adoption in different industry verticals like healthcare, government, retail and e-commerce, and media & entertainment, the concentration of key market players operating in Mexico, Canada, and the US, are adding to the marketing automation software market growth in this region.  

The global marketing automation software market in Europe is predicted to hold the second-largest share over the forecast period. The rising adoption of marketing automation software is adding to the global marketing automation software market growth in the region.  

The global marketing automation software market in the APAC region is predicted to have healthy growth over the forecast period for its increasing adoption.  

The global marketing automation software market in the MEA is predicted to have sound growth over the forecast period. High penetration of social media platforms and smartphones for marketing campaigns is adding to the global marketing automation software market growth in the region.  

Key Players

Eminent contenders profiled in the global marketing automation software market report include ActiveCampaign, Prospect.io, Autopilot, Sendinblue, Ontraport, Marketo, Inc., Teradata Corporation, Salesforce.com Inc., HubSpot Inc., SAS Institute Inc., Cognizant, SAP SE, Adobe Systems Inc., Act-On Software Inc., IBM Corporation, and Oracle Corporation. Industry players have incorporated strategies such as acquisitions and mergers, partnerships, joint ventures, collaborations, new product launches, new product developments, strategic alliances, geographic expansions, contracts, extensive R&D activities, among others, to stay head & shoulders above others in the competition.  

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Digital Twin Market Opportunities, Trends by Manufacturers, Regions, Application & Forecast to 2027

Market Snapshot

The global digital twin market is expected to exhibit a robust 42.54% CAGR over the forecast period from 2018 to 2025, according to the latest research report from Market Research Future (MRFR). The global digital twin market is expected to reach a valuation of USD 35.4 billion by the end of the forecast period in 2025, according to the report. The major drivers and restraints affecting the global digital twin market are all profiled in detail in the report. The growth prospects of the global digital twin market are thus contextualized in detail in the report. Historical information revealing the market’s growth trajectory over the historical review period is detailed in the report. Major players operating in the global digital twin market are also profiled in detail in the report, giving readers a clear overview of the competitive landscape of the market. The impact of the COVID-19 pandemic on the global digital twin market is also profiled in detail in the report.

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A digital twin is a digital representation of a physical entity. Digital twins are a digital replica of places, people, objects, processes, systems, and devices. Digital twin technology uses machine learning, artificial intelligence, Internet of Things technology, and software analytics with spatial network graphs in order to create digital simulation models that update and change according to their physical counterparts. Information from multiple sources is used to update the digital twin with respect to the real life status of the physical object on which the twin is based. Thus, the digital twin continuously learns and updates itself using sensor data conveying various aspects of its operating condition. Digital twins are being used in various industrial sectors to optimize the operation and maintenance of physical assets, systems, and manufacturing processes. They constitute an emerging technology within the field of the industrial Internet of Things.

The growing electronics and electrical/machine manufacturing sector is likely to be a major driver for the global digital twin market, as the electronics and electrical/machine manufacturing sector is the leading end user of digital twin technology. The growing demand for consumer electronics such as mobile phones and laptop computers is likely to be a major driver for the global digital twin market over the forecast period. The growing disposable income of consumers in emerging regions such as Asia Pacific is likely to drive the consumer electronics market over the forecast period. This is likely to lead to significant investments in the technology behind the manufacturing of consumer electronics. This is likely to lead to a growing demand from the digital twin market over the forecast period.

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Competitive Leaderboard:

Leading players in the Digital Twin Market include Oracle Corporation, Siemens AG, Accenture PLC, Cisco Systems Inc., General Electric, IBM Corporation, Microsoft Corporation, Dassault Systemes SE, SAP SE, PTC Inc., and ANSYS Inc.

Segmentation:

The global digital twin market is segmented on the basis of end use, type, and region.

By end use, the global digital twin market is segmented into aerospace and defense, automotive and transportation, electronics and electrical/machine manufacturing, healthcare, retail, energy and utilities, home and commercial and others. The aerospace and defense segment is further sub-segmented into aircraft engine design and production, and space-based monitoring. The automotive and transportation segment is further sub-segmented into fleet management and vehicle designing and simulation. The healthcare segment is further sub-segmented into medical device simulation and patient monitoring. The energy and utilities segment is further sub-segmented into wind and gas turbines, power infrastructure.

By type, the global digital twin market is segmented into parts twin, product twin, process twin, and system twin.

Regional Analysis:

North America holds the largest share in the global digital twin market and is likely to remain the dominant regional segment of the global digital twin market over the forecast period due to the steady technological advancement in the region, leading to widespread incorporation of digital twin technology in the manufacturing sector.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Device as a Service (DaaS) Market Future Growth, Development, Revenue, Top Key Players Analysis and Growth Factors up to 2027

Overview

In 2019, the global Device as a Service market generated a revenue of USD 9,843.8 million. It is expected to reach a value of USD 190,163.8 million by 2026, growing at a 55.8% CAGR. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.

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The Device as a Service market consists of major sub-segments, including hardware, solution (software), and services. The hardware segment is further divided into desktop, laptops, printers, and others. The solution (software) includes all types of solutions, such as operating systems, virtualization tools, security software, backup/disaster recovery tools, database management tools, email servers, and developer tools that are required to run the hardware devices mentioned above. The services segment is further divided into professional services and managed services. Professional services include consulting services to provide customized solutions, maintenance, and other support services for the hardware devices.

Segmental Analysis

The global Device as a Service market has been segmented based on component, organization size, vertical, and region.

By component, the global Device as a Service market has been segmented into hardware, solution (software), and services.

By organization size, the global Device as a Service market is divided into large enterprises and small & medium enterprises. The small & medium enterprises segment accounted for the larger market share of 64.7% in 2019, with a market value of USD 6,372 million; it is expected to register a higher CAGR of 56.8% during the study period. The large enterprises segment was valued at USD 3,471.9 million; it is projected to exhibit a CAGR of 54.0%.

Based on vertical, the global Device as a Service market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, government, and others. The IT & telecom segment accounted for the largest market share of 25.2% in 2019, with a market value of USD 2,483.0 million; it is expected to register a CAGR of 57.4% during the forecast period. The BFSI segment was the second-largest market in 2019, valued at USD 1,906.1 million; it is projected to register the highest CAGR of 58.8%.

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Competitive Analysis

The key players of the global Device as a Service market are HP Development Company, L.P. (US), Microsoft (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Yorktel (England), Scantron Corporation (US), Intel Corporation (US), Apple Inc. (US), Citrix Systems, Inc. (US), Acer Inc. (Taiwan), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), and SHI International Corp. (New Jersey).

Regional Analysis

Geographically, the Device as a Service market has been categorized into five different regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to dominate the global Device as a Service market throughout the forecast period owing to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) by enterprises as well as the adoption of contract-based services and solutions by SMEs.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Business Process Outsourcing (BPO) Services Market Segment Analysis By Key Players, Drivers, Regional, Competitive Landscape & Forecast To 2027

Market Analysis

The global business process outsourcing services market will touch USD 335.2 billion at a 10.8% CAGR between the forecast period 2019- 2024, states the recent Market Research Future (MRFR) analysis. Business process outsourcing (BPO), simply put, is a process where the company contracts the supporting business activities to third-party service companies.

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Various factors are propelling the future of outsourcing services market growth. According to the recent MRFR report, such factors include growing adoption of BPO services in IT and telecommunication, growing investments by enterprises for outsourcing business processes, and technological development are adding to the global business process outsourcing industry revenue growth in the region.

On the contrary, integrity and data privacy, and the recent COVID-19 pandemic may limit the global business process outsourcing services market growth in the region.

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global BPO industry based on vertical, organization size, deployment, and type.

By type, the global business process outsourcing services market is segmented into training and development outsourcing, e-commerce support services, back office outsourcing, finance and accounting outsourcing, IT outsourcing, and others. Of these, the IT outsourcing will lead the market over the forecast period. It is predicted to develop at a 9.4% CAGR.

By deployment, the global business process outsourcing services market is segmented into on-premise and cloud. Of these, the on-premise segment will dominate the market over the forecast period and at a 7.5% CAGR.

By organization size, the global Business Process Outsourcing (BPO) Services Market is segmented into large enterprises and SMEs. Of these, the large enterprises will spearhead the market over the forecast period at an 8.5% CAGR.

By vertical, the business process outsourcing services market is segmented into government and defense, life sciences, healthcare, manufacturing, retail and consumer goods, IT and telecommunications, BFSI, and others. Of these, the BFSI segment will stay at the forefront in the market over the forecast period at a 9.6% CAGR.

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Regional Analysis

By region, the global business process outsourcing services market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa (MEA). Of these, North America will spearhead the market over the forecast period. Technological advances, growing demand for such services, shift towards the adoption of BPO services to focus on core business by business enterprises, the presence of well-established infrastructure, and implementation of advanced technologies are adding to the global business process outsourcing services market growth in the region. Canada and the US have the utmost share in the market.

In Europe, the global business process outsourcing services market is predicted to have the second-largest share over the forecast period. Provision of customization and flexibility of service offerings to better meet individual needs, growing demand for cloud computing technology, the availability of skilled workforce, and the availability of the quality of service and operational efficiency are adding to the global business process outsourcing services market growth in the region.

In the APAC region, the global business process outsourcing services market is predicted to have healthy growth during the forecast period and at a positive CAGR. The consolidation of prominent players is adding to the global business process outsourcing services market growth in the region.

In the MEA and South America, the global business process outsourcing services market is predicted to have sound growth over the forecast period.

Key Players

Key players profiled in the global business process outsourcing (BPO) services market report include Conneqt Business Solution Limited, TTEC Holdings, Inc., Tata Consultancy Services Limited (TCS), IBM Corporation, Infosys BPM Limited, Capgemini, WNS (Holdings) Ltd, Accenture PLC, Conduent Inc., LLC, and ADP. Industry players have incorporated key strategies to stay at the forefront, such as mergers, geographic expansions, acquisitions, and others.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Indoor Positioning and Navigation System Market Revenue, Challenges, Analysis and Opportunity and Forecast to 2027

The indoor positioning and navigation system market is growing at a rapid pace. Indoor positioning and navigation (IPN) systems garner substantial market prominence, becoming a prominent position-awareness technology. IPN systems are viewed as an important and must-have feature in communication devices. Besides, IPN has garnered tremendous commercial interest, which has reflected favorably on its market globally.

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Moreover, substantial R&D investments continued to rise in IPN technology, alongside the inevitably improving service quality and functionality escalate the market valuation. According to Market Research Future (MRFR), the global indoor positioning and navigation system market valuation is expected to reach USD 24 BN by 2023, growing at 30.5% CAGR throughout the forecast period (2018 – 2023).

Additionally, the market growth attributes to various advantages of IPN systems in mega-size manufacturing facilities, warehouses, and massive buildings. The emergence of a range of powerful sensors and wireless connection systems has allowed the development of more effective IPN systems. Also, healthy growth in the RFID segment and rapid implementations in various technological applications substantiate market growth.

However, compared to GPS, IPN is a complex position awareness system. Moreover, ease of accessibility that leads to cyber threats and issues regarding unstructured data storage are the major factors predicted to impede market growth. Nevertheless, the emergence of adept technologies, advanced equipment, and the availability of emergency communication services would support market growth throughout the review period.

Indoor Positioning and Navigation System Market – Segments

The report is segmented into four dynamics;

By Technology         : Wi-Fi, UWB, Bluetooth Low Energy (BLE), Cellular based, RFID, Lo-Ra, and others.

By Component         : Hardware (Cameras, Sensors, RFID tags, Networking devices, others) and Software/Apps.

By Platform  : Android-based, iOS-based, and others.

By Regions    : Asia Pacific, North America, Europe, and Rest-of-the-World.

Indoor Positioning and Navigation System Market – Regional Analysis

North America dominates the global indoor positioning and navigation system market. The largest market share attributes to the vast technological advances and the strong presence of notable market players in the region. Mexico, Canada, and the US drive the IPN system market in North America.

Among these countries, the US, with its indoor positioning and navigation system named NAVSTAR GPS, accounts for the largest share in the regional market. The US is also known as the global technological hub, which has led to the early adoption of innovative technologies in the region. The North American positioning and navigation system market is projected to retain its dominance, growing at 28.3% CAGR throughout the review period.

Europe stands second in the global indoor positioning and navigation system market. Market growth is driven by the increasing adoption of GPS services and cloud-based services. Additionally, the proliferation of smart connected devices boosts the market growth, providing enormous opportunities across businesses.

The increasing use of navigation services and solutions in the region provides a better scope for the European countries to advance in location-based services. Germany, Netherlands, and the UK are rapidly growing markets for navigation systems. The European indoor positioning and navigation system market is anticipated to show a rapid rate through the forecast period, creating a valuation of USD 6.39 BN by the end of 2023.

The Asia Pacific region is gradually emerging as a promising market for indoor positioning and navigation systems globally. Factors such as the demand for advanced IT products and services from several industrial sectors and the positive economic expansions in developing countries such as China, India, Japan, and others influence the regional market growth.

Furthermore, the presence of large telecom industries and the proliferation of smartphones increase the application scope for navigation systems in the region. The region is also showing immense potential for increased investments in new satellite programs. The APAC indoor positioning and navigation system market is expected to create a substantial revenue pocket, growing at 34%CAGR over the forecast period.

Global IPN System Market – Competitive Analysis

The indoor positioning and navigation system market appears to be competitive, owing to the presence of numerous well-established players. Mergers & acquisitions, innovation, and collaborations are the key trends for the leading players to gain a larger competitive share in the market.

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Major Players:

Players leading the global indoor positioning and navigation system market include Trimble Inc., Septentrio N.V., NovAtel Inc., Telit Communications PLC, Insoft GmbH, Senion AB, Galileo Satelite Navigation Ltd., Tersus GNSS Inc., and Zebra Technologies Corporation, among others.

Industry/ Innovation/ Related News:

April 24, 2020 ----- Apple Inc. (the US), a multinational technology company, announced its partnership with a UK-based augmented reality startup, Dent Reality, to become a driving force in indoor navigation. Dent Reality is an augmented reality platform that helps users find their favorite products on the market.

The new partnership with Apple Maps could have wide-ranging implications for the Apple Indoor Maps program and augmented reality programs. Apple has been rigorously working on AR systems for years, developing platforms like ARKit. Apple is still working on bringing AR to applications like cars and head-mounted devices.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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IoT Platform Market By Major Players, Volume, Demand, Market Dynamic Forces & Forecast 2027

Market Snapshot

Market Research Future (MRFR) in its report on the IoT platform market 2020 reveals COVID-19 impact analysis on the market. As per MRFR study, the worldwide IoT platform market can rise at about 28.5% CAGR across the study period. As per MRFR analysis, the expansion of the IoT platform global market can value at USD 74.74 Bn on the conclusion of the assessment period.

The growing utility of IoT platform as it works on a multi-layer technology to process, manage, and transfer information across connected devices through the Internet can boost the expansion of the IoT platform market across the analysis period. The ease of availability of different IoT-compatible hardware devices, such as wearable fitness devices, automotive telematics units, industrial control systems, and drone units can support the expansion of the market in the years to come. The rise in the utility of hardware components in cloud environment via flexible connectivity options, secure network, and data processing components can impel the expansion of the market across the study period.

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Segment Study

The segment study of IoT platform market is done by application, platform, deployment, and end user.

The platform based IoT platform market segments are IaaS backend, connectivity/M2M platform, consumer/enterprise software extension, and hardware-specific software platform. The high utility of connectivity/M2M platform can cause the expansion of the segment across the study period. The hardware-specific software platform segment at 31.5% CAGR across the study period.

The deployment based segmenst of the IoT platform market segments are hybrid, on-premises, and cloud. The on-premises segment can acquire 38.5% share on the world market on the conclusion of the assessment period.

The Application-based IoT platform market segments are analytics, database management, device management, and processing. The device management segment can generate high value in the years to come. The analytics segment can thrive at 32.7% CAGR in the analysis period.

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The End user-based, the IoT platform market segments are retail, manufacturing, healthcare, smart cities & homes, and others. The manufacturing segment can secure a considerable share of the market due to rise in smart cities and homes projects. The segment can rise at 29.6% CAGR across the evaluation period and the segment is likely to touch USD 19.20 Bn by the end of the forecast period.

Regional Analysis

North America IoT platform market is likely to hold the largest share of the market in years to come. The increase in adoption of cloud technology across different region   spur the expansion of the market in the years to come. The rise in robust cloud infrastructure and growing utility of connected devices can boost the expansion of the market in the years ahead. High adoption of technical advancements, machine learning technologies, and artificial intelligence can promote the rise of the market across the analysis period. APAC and Europe are observed to experience similar growth drivers for the market. The rise in IoT platforms for its benefits, such as cross-device compatible and scalability and, along with ready-to-use features that boost the adoption of applications can impel the rise of the market across the study period. Increase in number of enterprises that can are using IoT platform to manage companies can spur the expansion of the market through the study period.

Companies Covered

MRFR registered some reputed names in the world IoT platform market, They are; AT&T Inc. (US), Amazon Web Services (US), IBM Corporation (US), General Electric (US), Google (US), Microsoft Corporation (US), Huawei Technologies Co. Ltd (China), Intel Corporation (US), Cisco Systems, Inc. (US), and Wipro Ltd (India) among others.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.