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Digital Clothing Market Size, Share | Forecast, 2031

The global digital clothing market was valued at $498.7 million in 2021, and is projected to reach $4.8 billion by 2031, growing at a CAGR of 26.4% from 2022 to 2031.

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#Digital Clothing Market #Digital Clothing Industry #Digital Clothing #Digital Content Creation #Fashion Design and Technology #Gaming

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ITSM Market Size, Share and Forecast, 2032

The itsm market was valued at $9.1 billion in 2022, and is estimated to reach $28.7 billion by 2032, growing at a CAGR of 12.4% from 2023 to 2032.

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#ITSM #ITSM Market #ITSM Industry

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Cloud Retail Market Size, Share and Growth | Forecast, 2032

The global cloud retail market was valued at $40.8 billion in 2022, and is projected to reach $216.2 billion by 2032, growing at a CAGR of 18.3% from 2023 to 2032.

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#Cloud Retail Market #Cloud Retail Industry #Cloud Retail #Cloud

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The global IoT in smart cities market was valued at $148.6 billion in 2022, and is projected to reach $931.5 billion by 2032, growing at a CAGR of 20.5% from 2023 to 2032.

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#IoT in Smart Cities Market #IoT in Smart Cities Industry #IoT #Smart Cities #Internet of Things

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Co-working Space Market Demand, Growth Opportunities and Forecast

According to a new report published by Allied Market Research, titled, “Co-Working Space Market, Business Model (Corporate /Professional Co-Working Spaces., Open/ Conventional Co-Working Spaces, Others), By End Users (Large Enterprises, SMEs, Freelancers), By Industry Vertical (IT And Telecom, BFSI, Media And Entertainment, Travel And Hospitality, Healthcare And Life Science, Others): Global Opportunity Analysis And Industry Forecast, 2023-2032." The co-working space market was valued at $9.2 billion in 2022, and is estimated to reach $34.5 billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.

Development of sustainable co-working spaces is a major trend shaping the co-working space market. Co-working spaces are implementing eco-friendly measures in the workplace to attract entrepreneurs concerned with environmental issues such as global warming. Sustainable practices adopted by the co-working space providers offer substantial benefits and are economically feasible. Moreover, co-working operators are expanding into new markets, especially in emerging economies where demand for flexible workspaces is on the rise. This global expansion allows them to reach a wider range of professionals and businesses. In addition, by recognizing the need for privacy and focused work, co-working operators are incorporating quiet spaces, phone booths, and soundproof rooms to balance the open and collaborative areas. Furthermore, co-working spaces offer cost-effective solutions for individuals and businesses. They eliminate the need to invest in office infrastructure, maintenance, and utilities, making them a more budget-friendly alternative to traditional offices.

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Furthermore, major players operating in the co-working space market have undertaken various strategies to increase the competition and offer enhanced services to their customers. For instance, in February 2023, co-working major, WeWork India has started a new center in Pune with 1,500 desks and 96,000 square feet area amid rise in demand for flexible office space from corporates. The new facility is located at Raheja Woods IT Tower developed by K Raheja Corp. This is an asset-light deal, and the company has leased the entire building comprising five floors in the Kalyani Nagar property, spread across a deskspace of 1,500. This is the company's third facility in Pune. WeWork India has a portfolio of over 6.5 million square feet area across 44 locations in Delhi-NCR, Mumbai, Bengaluru, Pune, and Hyderabad. Moreover, in October 2023, Newmark Group, Inc., has announced the international expansion of its flexible office platform as part of its wider strategy to provide diversified commercial real estate services in key regions across Europe. Such strategies foster the co-working space market growth.

On the basis of end user, the large enterprises segment attained the highest co-working space market size in 2022, as co-working spaces provide large enterprises with networking opportunities. Employees can connect with professionals from various industries, creating valuable connections and potential partnerships.

Region-wise, Asia-Pacific attained the highest co-working space market share in 2022. Asia-Pacific has attracted significant investment in the co-working sector, with both, local and international providers expanding their presence. In addition, the companies operating in the region are also focuing on strategic fund raising activities. For instance, in December 2022, Awfis Space Solutions Pvt Ltd, a fully tech-enabled workspace solutions platform in India, raised $1.8 million in a Series E1 round led by existing investor Bisque Limited. All these factors will boost the growth of the co-working space market in the Asia-Pacific region.

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The COVID-19 pandemic accelerated the growth of co-working spaces in the country, as traditional workspaces faced challenges during the crisis. Many enterprises moved towards co-working spaces owing to affordable prices and flexibility in working areas. Moreover, many co-working providers began offering hybrid work solutions, combining remote work support with access to co-working spaces. This approach accommodated clients who wanted a mix of home and office work. However, as lockdowns and social distancing measures were implemented to curb the spread of the virus, many co-working spaces were forced to close temporarily or experienced a sharp drop in occupancy rates. The need for physical distancing and remote work led to decline in members using co-working facilities. Furthermore, co-working providers saw a reduction in membership as businesses and individual users canceled or downsized their memberships due to the economic uncertainty and concerns about health and safety in shared workspaces. Therefore, COVID-19 had a moderate impact on the co-working space industry.  

Key findings of the study

By solution, the supply chain management segment led the co-working space market forecast in terms of revenue in 2022.

By business model, the open/ conventional co-working spaces segment led the co-working space market in terms of revenue in 2022.

By end users, the large enterprises segment led the co-working space market in terms of revenue in 2022.

By industry vertical, the IT and telecom segment led the co-working space market in terms of revenue in 2022.

By region, North America generated the highest revenue in 2022.

The key players profiled in the co-working space market analysis are Awfis Space Solutions Pvt Ltd, Industrious LLC, Newmark Group, Inc., Impact Hub GmbH, LiquidSpace Inc, Techspace Group Ltd, Soho China Ltd, The Office Group Ltd, Ucommune (Beijing) Venture Capital Co., Ltd, and Wework Companies Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the co-working space industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Co-working Space Market #Co-working Space Industry #Co-working Space #Co-working #Space

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Neural Network Market 2021: Global Industry Projected To Grow At A Significant CAGR By 2030

According to a recent report published by Allied Market Research, titled, “Neural Network Market by Component and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global neural network market was valued at $14.35 billion in 2020, and is projected to reach $152.61 billion by 2030, registering a CAGR of 26.7% from 2021 to 2030.

Neural network is a simple processing element, node, or unit, which is an interconnection of groups, whose functionality is derived from the features of neurons. Moreover, it is known as artificial neural network (ANN). ANN has several advantages, such as ability to detect complex nonlinear relationships between dependent & independent variables and ability to learn from observing data sets. Neural network software is used in various fields such as, speech recognition, machine translation, video games, and medical diagnosis.

Advancement in the field of artificial intelligence (AI) market and growth in cloud disruption in the modern industry boost the growth of the global neural network market. In addition, availability of advanced analytical tools and prediction solutions positively impacts the growth of the market. However, huge requirement and high dependency on data, lack of experienced professionals, and difficulties in training multilayer neural network hamper the market growth. On the contrary, growing application areas for deep neural networks is expected to offer remunerative opportunities for expansion of the market during the forecast period.

Depending on industry vertical, the BFSI segment holds the largest market share neural network market, owing to rapid adoption of neural network software by various fintech and banking institutions for providing personalized message service and automated voice systems to the customer. However, the manufacturing segment is expected to grow at the highest rate during the forecast period, owing to process and record financial & production data; manage plant-level strategies; and account for material, capacity, and labor constraints.

Region wise, the neural network market was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to technological advancements and new strategies applied by the major companies such as, Google, Microsoft, and Facebook to adopt AI as core strategic driver for business. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to industrialization and demand for efficient technologies in industries such as retail, IT & telecom, Banking, Financial Services and Insurance(BFSI), and growth of manufacturing & energy sectors in countries, such as China, India, and Japan.

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The outbreak of COVID-19 is anticipated to have a positive impact on the neural network market size. It worked as a prediction model to help detect the positive cases, thus reducing spread of the virus. Moreover, the neural network-based prediction models not only helped allocating medical resources but also raising the preparedness of involved healthcare systems. However, application of ANN to predict the COVID-19 outbreak is limited.

Key Findings Of The Study

Depending on component, the software segment accounted for the largest neural network market share in 2020.

Region wise, North America generated the highest revenue in 2020.

According to industry vertical, the BFSI segmented generated the highest revenue in 2020.

The key players that operate in the neural network industry are Afiniti, Alyuda Research, LLC, GMDH Inc., Neural Technologies Limited, NeuralWare, nDimensional, OLSOFT LLC, Starmind, SWIFTKEY (Microsoft Corporation), and Ward Systems Group, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the neural network industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Neural Network Market #Neural Network Industry #Neural Network

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Incident and Emergency Management Market Growth, Opportunities and Forecast

According to a recent report published by Allied Market Research, titled, Incident and Emergency Management Market by System Type, Communication Technology, Service, Solution, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018–2025, the global incident and emergency management market was valued at $75,464 million in 2017, and is projected to reach at $423,323 million by 2025, growing at a CAGR of 24.2% from 2018 to 2025. In 2017, the surveillance system segment accounted for the highest revenue in the market.

Increase in economic loss due to natural calamities, rise in terrorism, and implementation of government regulations & initiatives towards public safety act as the major drivers of the global incident and emergency management market. However, high installation and maintenance costs hamper the growth of the market. Based on system type, the surveillance system segment dominated the global incident and emergency management market in 2017 and is expected to continue this trend during the forecast period, owing to increase in adoption of security devices for incident reporting. Furthermore, the disaster recovery & backup system segment is expected to grow at the highest CAGR during the forecast period, due to surge in demand for recovery for critical data in business and other organizations.

The global incident and emergency management market was led by the energy & utilities segment in 2017, and is projected to maintain its dominance during the forecast period. However, the healthcare segment is expected to witness the highest growth, owing to increase in adoption of incident and emergency management systems for patient safety.

In 2017, the global incident and emergency management market was dominated by the situational awareness segment and is expected to maintain this trend during the forecast period. Owing to rise in demand for situational awareness platforms to address emergency situations in security, safety, and operations practices.

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Key Findings of the Incident and Emergency Management Market:

By system type, the disaster recovery & backup systems segment is expected to exhibit significant growth in the global incident and emergency management during the forecast period.

In 2017, Europe accounted for the highest revenue among the other regions.

Based on industry vertical, the energy & utilities segment generated the highest revenue in 2017.

By communication technology, the emergency response radars segment is anticipated to exhibit substantial growth during the forecast period.

Some of the key incident and emergency management market players profiled in the report include Esri Inc., Honeywell International Inc., IBM Corporation, Intergraph Corporation, Intermedix Corporation, Lockheed Martin Corporation, Motorola Solutions, Inc., NEC Corporation, Rockwell Collins, and Siemens AG.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Incident and Emergency Management Market #Incident and Emergency Management Industry #Incident and Emergency Management #Incident Management #Emergency Management

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Online Language Learning Platform Market Overview, and Forecast to 2032

According to a new report published by Allied Market Research, titled, “Online Language Learning Platform Market, by Mode (Digital Self-Tutoring, Live Learning), by Language Type (English, Spanish, Chinese, French, German, Japanese, Others), by End User (Educational Institutions, Individuals): Global Opportunity Analysis and Industry Forecast, 2023–2032” The online language learning platform market was valued at $9.3 billion in 2022, and is estimated to reach $44.8 billion by 2032, growing at a CAGR of 17.2% from 2023 to 2032.

Online language learning platforms are witnessing several notable trends shaping the landscape of language education. The rise of mobile learning is prominent, with users increasingly accessing language courses through smartphones and tablets, making learning more convenient and on-the-go. Moreover, gamification is another emerging trend, integrating game-like elements into courses to enhance engagement and motivation among learners. Furthermore, demand for personalized learning experiences is driving the incorporation of adaptive learning technologies, tailoring content to individual proficiency levels and learning styles. Social learning features, including discussion forums and peer interaction, are becoming integral, fostering collaborative learning experiences. Moreover, there is rise in the emphasis on pragmatic, tangible linguistic abilities, with instructional programs concentrated on conversational competence and comprehension of different cultures. As the field progresses, the combination of virtual reality (VR) and augmented reality (AR) technologies is expected to offer captivating language acquisition experiences, augmenting overall efficacy and user contentment.

Furthermore, the global online language learning platform market is in its developing phase, and exhibits high growth potential, due to rise in implementation of advanced technologies such as artificial intelligence (AI) and machine learning (ML). In addition, increase in partnerships are expected to promote the online language learning platform market growth in future. For instance, in September 2021, Voxy, an innovative training solution used institutional clients, announced that it has partnered with Coursera, one of the largest online learning platforms, to provide career development opportunities for professionals who seek to improve their English skills. With this partnership, Coursera’s 87 million global learners now have access to English language learning courses from Voxy, designed to help professionals communicate more effectively in English across a wide range of environments and subjects, such as technology, calls & messaging, and planning & organization.

Moreover, many online languages learning platform expanded their product offerings to expand their customer base and gain more profits. For instance, in April 2022, LingoAce, a Singapore-headquartered global education technology company and leading Mandarin Chinese language learning platform, has launched their latest offering, English Live, leveraging its success in teaching Mandarin Chinese through its technology platform to now teach English. Through the development of industry leading Chinese language curriculum and products, LingoAce is applying those teaching concepts and methods to English Live.

By end user, the educational institutions segment acquired a major online language learning platform market share in 2022. This is attributed to the fact that online platforms enable educational institutions to reach a global audience. Students from different geographical locations enroll in language courses, fostering a diverse and inclusive learning environment.

Region-wise, Asia-Pacific is expected to grow significantly in the online language learning platform market during the forecast period. This is attributed to the fact that recognition of language proficiency through certifications is gaining importance in the Asia-Pacific region. Online language learning platforms are offering certification programs aligned with international language proficiency standards to validate learners’ skills.

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With lockdowns and social distancing measures in place, there was a surge in demand for remote learning solutions, leading to a notable uptick in users on language learning platforms. Further, the pandemic accelerated the adoption of online education as individuals sought productive activities during lockdowns. As traditional language schools faced disruptions, online platforms became a primary choice for language learners worldwide. The shift to remote work also increased the importance of language skills, further boosting the demand for online language learning platform industry. While the pandemic presented challenges, such as economic uncertainties affecting consumer spending, it underscored the resilience and adaptability of online language learning platforms, positioning them as essential tools for language education in the new normal. Thus, these factors promoted the growth of the online language learning platform industry during the pandemic.

KEY FINDINGS OF THE STUDY

By mode, the digital self tutoring segment accounted for the highest online language learning platform market share, in terms of revenue in 2022.

On the basis of end user, the individual segment is expected to exhibit the fastest growth rate during online language learning platform market forecast.

Region wise, North America generated the highest revenue of online language learning platform market size in 2022.

The key players operating in the online language learning platform market analysis Rosetta Stone LLC, Babbel GmbH, Speexx, Sanako, Busuu Ltd, Berlitz Corporation, Memrise, ELSA, Inlingua International Ltd., and Transparent Language, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the online language learning platform industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Online Language Learning Platform Market #Online Language Learning Platform Industry #Online Language Learning Platform #Learning Platform

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Security Information and Event Management Market Growth | Global Expansion and Forecast to 2030

According to a recent report published by Allied Market Research, titled, “Security Information and Event Managements Market by Component, Deployment Model, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global security information and event management market size was valued at $3.92 billion in 2020, and is projected to reach $18.12 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030.

The security information and event management (SIEM) market is expected to be driven by growing demand for security solutions that assist organizations in identifying possible security threats and vulnerabilities. As remote workforces, bring your own device (BYOD) and SaaS apps policies have increased in popularity, industries require the level of transparency to manage network potential risks from outside the traditional network perimeter. The advanced SIEM to be used for anomaly detection is expected to offer significant growth for the security information and event management industry in the near future. IBM Corporation’s QRadar Security Intelligence is the only known product, which qualifies for anomaly detection or behavioral analytics. The challenges in usage on SIEM in anomaly detection such as information of time to apply this analysis or efficient procedure to adjust time intervals to accommodate random and infrequent acts of humans, affect the extensive adoption of such SIEM products. However, with innovation and more refined understanding, the demand for such solutions is expected to increase during the forecast period.

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On the basis of component, the solution segment dominated the overall security information and event management industry in 2020, and is expected to continue this trend throughout the security information and event management market forecast period. The rise in demand for modern SIEM tools to manage IT security is expected to drive the growth of the SIEM solution segment. The next generation SIEM is gaining momentum in the market due to its advanced features which help to tackle various challenges such as large number of events that are needed to be considered outside the syslog files which assist to move on an investigation forward; complexity of SIEM solutions; necessity of an expert personnel to handle the SIEM system; and others. Next gen platforms offer baselining capabilities, automation, and intelligence, which ensure data relevancy and noise filtration. In addition, technologies such as time normalization, metadata analysis, and file integrity monitoring deliver far advanced insights which is expected to drive the growth this segment. However, the services segment is expected to grow the most, and this trend is expected to continue during the forecast period. The growth in need for better security management, supportive government policies and rules to implement SIEM software, increase in adoption of SIEM on BYOD, and advancements in the SIEM technology has urged users to seek better knowledge and guidance to effectively implement the SIEM technology in enterprises to gain maximum output with high quality. These services make it easier to implement and use SIEM solution at the maximum efficiency and capabilities, which is expected to drive the growth of the service segment.

On the basis of industry vertical, the BFSI sector garnered the largest security information and event management market share in 2020, and is expected to continue this trend during the forecast period. Banks and financial institutions operate in a high-threat environment where efficient IT threat management is critical capability along with compliance. SIEM offers threat detection, risk monitoring, and necessary analytics to manage external and internal attacks. SIEM offers continuous risk monitoring, account monitoring, defense against external threats, risk mitigation, and risk routing. However, the healthcare sector is expected to witness highest growth in the upcoming years.

The global security information and event management market size was valued at $3.92 billion in 2020, and is projected to reach $18.12 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030. The COVID-19 outbreak has a positive impact on the growth of the security information and event managements market due to security and safety reasons. However, the outbreak of COVID-19 has affected communities globally, while governments and other sectors are trying their best to respond faster to the challenges posed by this pandemic. Furthermore, governments and businesses are increasingly asking employees to work from home or are shifting work to employees in less affected areas to maintain business continuity during the pandemic. However, the situation has accelerated the adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), automation, and IOT to control costs while improving the customer experience, which is expected to provide lucrative opportunities for security information and event managements market. Further, industries such as public sector, banking & financial sector, government sector, and healthcare sector have shown increased adoption of security information and event managements and are expected to continue using them owing to the rising focus on digitization, growing technological awareness, and need for better security systems. Increasing government initiatives to deploy advanced security solutions for better safety and convenience is anticipated to create significant growth opportunities for major players.

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Key Findings Of The Study

On the basis of component, the solution segment dominated the security information and event managements market in 2020. However, the services segment is expected to exhibit significant growth during the forecast period.

On the basis of enterprise size, the large enterprise segment dominated the security information and event managements market in 2020. However, the SMEs segment is expected to exhibit significant growth during the forecast period.

On the basis of deployment model, the on-premise segment dominated the security information and event managements market in 2020. However, the cloud segment is expected to exhibit significant growth during the forecast period.

On the basis of industry vertical, the BFSI sector accounted for the highest revenue of market in 2020; however, the healthcare sector is expected to witness the highest growth rate during the forecast period.

On the basis of region, the security information and event managements market was dominated by North America in 2020. However, Asia-Pacific is expected to witness significant growth in the coming years.

This report gives an in-depth profile of some key market players in the security information and event managements market, which includes Dell EMC, Hewlett Packard Enterprise Development LP, IBM Corporation, LogRhythm, Inc., McAfee LLC., SolarWinds, Inc., Splunk, Inc., Symantec Corporation, Trend Micro, Inc., and Trustwave Holdings Inc. This study includes market trends, security information and event management market analysis, and future estimations to determine the imminent investment pockets.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Security Information and Event Management Market #Security Information and Event Management Industry #Security Information and Event Management

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Print on Demand Market Size, Industry Share, CAGR, Regional Forecast 2032

According to a new report published by Allied Market Research, titled, “Print on Demand Market, by Component (Software, Service), by Product (Apparel, Home Decor, Drinkware, Accessories, Others), by End-User (Businesses, Individuals): Global Opportunity Analysis and Industry Forecast, 2023–2032” The print on demand market was valued at $6.4 billion in 2022, and is estimated to reach $64.3 billion by 2032, growing at a CAGR of 26.4% from 2023 to 2032.

Print on demand plays a pivotal role in reshaping the retail landscape by offering a flexible and efficient solution for custom product creation and distribution. It empowers individuals and businesses to monetize their creativity without the constraints of traditional manufacturing and inventory management. Print on demand’s technology-driven approach streamlines the production process, reducing waste and environmental impact by manufacturing products. Moreover, this industry democratizes entrepreneurship by lowering barriers to entry, enabling anyone with innovative ideas to establish an online presence and reach a global audience. With its emphasis on personalization, PoD enhances customer experiences by delivering unique, made-to-order items. As e-commerce continues to grow, the PoD sector stands as a catalyst for innovation, providing a dynamic platform that merges artistry, technology, and commerce in a mutually beneficial manner. Such factors are expected to provide lucrative opportunities for print on demand market forecast.

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On the basis of product, the apparel segment dominated the print on demand market in 2022 and is expected to continue this trend during the forecast period. As print on demand for apparel products enables entrepreneurs to build unique designs, graphics, or slogans for different clothing such as t-shirts, hoodies, hats, and more. These factors further drive the demand for this segment in the global market. However, the home decor segment is expected to exhibit the highest growth during the forecast period. Print on demand home décor products include soft furnishings and kitchenware that showcase personalized and customized decoration products.

By region, North America dominated the print on demand market size in 2022. Businesses in this area are embracing these solutions at an increasing rate, which in turn is expected to propel global market growth. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. The presence of strong government policies regarding privacy and security in this region has been driving the growth of the global market.

The outbreak of COVID-19 provided a range of new avenues for the print on demand market to grow over the forthcoming period. This is attributed to advanced technologies such as digital printing, sublimation printing, and UV printing. These techniques allow for high-quality and vibrant printing on a wide range of surfaces and materials, including apparel, accessories, home decor, and more. In addition, during pandemic advanced printing technology, resulted in higher quality and more vibrant prints. As a result, print on demand services have become increasingly integrated during pandemic making it easier for individuals and businesses to set up online stores and sell custom products. This integration streamlines the process of receiving orders, printing, and shipping products to customers. Moreover, key players in the market adopted strategies such as partnership and product development to expand their services in the print on demand market. For instance, in November 2021, Printful Inc. partnered with Uruguay-based design platform Vexels, which offers merchandise and commercial use graphics and design services. The partnership helps to integrate designs into Printful Inc.’s designing tool, further enabling customers to use and make high-quality designs.

Furthermore, key players in the market adopted strategies such as collaboration and product development to expand their services in the print on demand market. For instance, in August 2021, Vistaprint and Wix global SaaS platform collaborated to create, manage print on order service and grow an online presence for small businesses to accelerate their digital presence. These factors create numerous opportunities for high print on demand industry growth.

Key Findings of the Study

By component, the software segment accounted for the largest print on demand market share in 2022.

By product, the apparel segment accounted for the largest print on demand market share in 2022.

By end user, the businesses segment accounted for the largest print on demand market share in 2022.

Region wise, North America generated the highest revenue in 2022.

The market players operating in the print on demand market analysis are VistaPrint, Zazzle, Inc., Printify, Inc., CustomCat, Gelato, Teelaunch, Prodigi Group, Canva, Redbubble Group and Gooten. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the print on demand industry globally.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Print on Demand Market #Print on Demand Industry #Print on Demand

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ITSM Market Accelerated Growth Trends, Size, and Industry Forecast

According to a new report published by Allied Market Research, titled, “ITSM Market, by Component (Solution, Services), by Function (Network Management, Performance Management, Configuration Management, Database Management System), by Deployment Mode (On-premise, Cloud), by Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), by End User (BFSI, Healthcare, Retail and E-commerce, IT and Telecom, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2023–2032” The itsm market was valued at $9.1 billion in 2022, and is estimated to reach $28.7 billion by 2032, growing at a CAGR of 12.4% from 2023 to 2032.

Information technology service management (ITSM) is a complete approach to designing, delivering, managing, and improving IT services within an organization. It encompasses a set of best practices, processes, and frameworks that aim to ensure that IT services effectively support and align with the organization’s business goals. ITSM involves the entire service lifecycle, from planning and design to deployment, operation, and continual improvement. The ITIL (Information Technology Infrastructure Library) framework is a widely adopted set of practices within ITSM. ITIL outlines a structured and flexible approach to IT service management, covering areas such as service strategy, service design, service transition, service operation, and continual service improvement. These components help organizations establish efficient processes for managing incidents, problems, changes, and service requests. ITSM emphasizes a customer-centric approach, focusing on delivering value to both internal and external stakeholders. It promotes the use of technology as a strategic enabler and aims to optimize IT services to meet the evolving needs of the organization. Key principles of ITSM include service-oriented thinking, process integration, and a commitment to continual improvement. By implementing ITSM practices, organizations achieve various benefits, including increased operational efficiency, better risk management, enhanced user satisfaction, and improved alignment between IT and business objectives.

Additionally, the information technology service management market is expected to witness notable growth owing to rising adoption of its infrastructure across the end user industries, surge in digital business transformation, and increasing demand for a unified platform. Moreover, the need for improved it service delivery is expected to provide a lucrative opportunity for the growth of the market during the forecast period. On the contrary, implementation and lack of quality standards in service-level limits the growth of the information technology service management market.

On the basis of function, network management dominated the ITSM market size in 2022, owing to the increased adoption of software-defined networking (SDN) and network virtualization. These technologies provide greater flexibility, scalability, and agility in managing network resources, aligning with the dynamic needs of organizations. However, the database management system is expected to witness the fastest growth, owing to the emphasis on hybrid and multi-cloud database management, recognizing the diverse IT environments that modern organizations operate in. This trend ensures seamless data integration and accessibility across different platforms.

Region-wise North America dominated the ITSM market share in 2022, owing to the surge in the integration of artificial intelligence (AI) and machine learning (ML) within ITSM frameworks, aimed at automating routine tasks, improving predictive analytics, and enhancing overall service delivery. However, Asia-Pacific is expected to witness the fastest growth in the upcoming year, owing to the organizations leveraging ITSM to navigate through digital transformation by adopting machine learning algorithms and integration of artificial intelligence within digital technologies. Cloud computing is a prevailing trend, offering scalability and flexibility for IT service delivery.

The COVID-19 pandemic has significantly impacted IT Service Management (ITSM) by reshaping the way organizations approach and implement IT services. One of the most notable changes has been the acceleration of digital transformation initiatives. The sudden shift to remote work necessitated the rapid adoption of cloud-based ITSM tools to ensure seamless service delivery and support for remote teams. This shift not only emphasized the importance of scalable and flexible ITSM solutions but also highlighted the need for agility and adaptability in the face of unforeseen disruptions. Incident management faced unprecedented challenges as the number of remote users surged, requiring IT teams to navigate complex issues related to connectivity, security, and user support. The demand for quick and effective problem resolution underscored the importance of robust ITSM frameworks that could handle the increased strain on IT resources.

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Moreover, the pandemic highlighted the crucial role of user-centric ITSM practices. With employees dispersed across various locations, the emphasis on self-service options, clear communication, and proactive support became paramount. ITSM strategies needed to prioritize the well-being and productivity of end-users, recognizing that a positive user experience is integral to overall business continuity. Business continuity and disaster recovery planning within ITSM gained renewed importance as organizations sought to ensure the resilience of their IT infrastructure in the face of unforeseen disruptions. The pandemic served as a wake-up call, prompting organizations to reevaluate and enhance their ITSM strategies to better prepare for future challenges.

Key Findings of the Study

By component, the solution segment led the ITSM market in terms of revenue in 2022.

By function, the network management leds the ITSM market in terms of revenue in 2022.

By deployment mode, the cloud segment is anticipated to have fastest growth rate for ITSM market.

By enterprise size, the large enterprise segment led the ITSM market in terms of revenue in 2022.

By end user, the healthcare segment is anticipated to have fastest growth rate for ITSM market forecast.

By region, North America generated the highest revenue for ITSM market analysis in 2022 .

The key players profiled in the ITSM industy analysis are Atlassian, BMC Software, Inc., Broadcom, Cloud Software Group, Inc., Freshworks Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Ivanti, Inc., Open Text Corporation, and ServiceNow, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the ITSM industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#ITSM Market #ITSM Industry #ITSM #Network Management #Performance Management

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In-Depth Analysis of Network Management Market Analysis by Top Key Players

According to a new report published by Allied Market Research, titled, “Network Management Market, by Component (Hardware, Software, Service), by Deployment Mode (On-premise, Cloud), by Network Type (LAN, MAN, WAN), by Organization Size (Large Enterprises, Small and Medium-sized Enterprises), by Industry Vertical (BFSI, Manufacturing, Retail, Healthcare, IT and Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2023–2032” The network management market was valued at $9.5 billion in 2022, and is estimated to reach $25.3 billion by 2032, growing at a CAGR of 10.6% from 2023 to 2032.

Network management is the procedure of administering, managing and working a data network using a network management system. Current network management systems use software and hardware to constantly collect and analyses data and push out configuration changes for increase in performance, reliability, and security. It involves configuring monitoring and possibly reconfiguring components in a network with the goal of providing optimal performance, minimum downtime, proper security, accountability, and flexibility. An effective network management program can identify and respond to cyber threats before they spread and impact user experience. Network management ensures best practice standards and compliance with regulatory requirements. Better network security enhances network privacy and provides users reassurance that they can use their devices freely. For instance, in June 2023, Nokia Corporation launched the Pandion Multiband Remote Radio Heads and Shikra outdoor and indoor small cells, 5G-Advanced baseband control card Ponente, new baseband capacity card Levante and Lodos, as well as intelligent network management and optimization solutions range “MantaRay”. This development is expected to help telecom operators to meet their sustainability goals.

On the basis of component, the global network management market share was dominated by the hardware segment in 2022 and is expected to maintain its dominance in the upcoming years. Network hardware helps to establish an effective mode of communication, thereby improving business standards. It also promotes multiprocessing and enables sharing of resources, information, and software with ease. However, the service segment is expected to witness the highest growth during the forecast period. As service segment help to deploy and integrate distinct solutions in an enterprise ecosystem is expected to provide lucrative opportunities for the market growth. Furthermore, services play a vital role in the network management market, as they focus on meeting client requirements, including reduced cost and enhanced software performance.

By region, North America dominated the market share in 2022 for the network management industry. North America is home to numerous technology giants, contributing to the development and production of cutting-edge network management, and security solutions. In addition, factors such as the growth of remote work and the surge in online services have fueled the demand for reliable, high-performance network management industry in the region. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. Factors such as rapid proliferation of 4G, 5G in developing countries of Asia-Pacific, increase in subscriber base, favorable government policies and regulations, and demand for higher networking security solution are expected to boost the growth of the region at a considerable pace.

The COVID-19 pandemic has profoundly impacted the network management industry, triggering a seismic shift in the way organizations approach connectivity and IT infrastructure. The demand for robust and secure networks skyrocketed, forcing network management professionals to rapidly adapt to the challenges of supporting a decentralized workforce with an unprecedented surge in remote work. The need for scalable solutions, increased bandwidth, and enhanced security measures became paramount.

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In addition, the pandemic accelerated digital transformation initiatives, prompting organizations to invest in cloud-based services and advanced networking technologies. However, economic uncertainties led to budget constraints for some, prompting a strategic reassessment of network management priorities. Cybersecurity concerns surged as threat actors exploited the chaos, necessitating heightened vigilance and proactive defense strategies. Despite the challenges, the pandemic served as a catalyst for innovation, driving the adoption of AI and automation in network management. Professionals face the ongoing task of balancing resilience, flexibility, and security in the networks that underpin the modern workplace as the industry continues to evolve in the wake of COVID-19.

Key Findings of the Study

By component, the hardware segment accounted for the largest network management market share in 2022.

By deployment mode, the on-premise segment accounted for the largest network management market share in 2022.

Based on network type, the LAN segment accounted for the largest network management market share in 2022.

Based on organization size, the large enterprise segment accounted for the largest network management market share in 2022.

Depending on industry vertical, the BFSI sector accounted for the largest network management market share in 2022.

Region wise, North America generated the highest revenue in 2022.

The key players that operate in the network management market analysis are Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, juniper Networks, Inc., SolarWinds Corporation, Broadcom Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise, BMC Software, Inc., and Nokia Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the network management industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Network Management Market #Network Management Industry #Network Management #LAN #MAN #WAN

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Mobile Security Market Future Trends, Challenges and Opportunity Analysis

According to a new report published by Allied Market Research, titled, “Mobile Security Market, Size, Share, Competitive Landscape and Trend Analysis Report by Operating System (Android, iOS, Others), by End User (Enterprises, Individuals): Global Opportunity Analysis and Industry Forecast, 2020–2030” The mobile security market was valued at $3.3 billion in 2020, and is estimated to reach $22.1 billion by 2030, growing at a CAGR of 21.1% from 2021 to 2030.

The main purpose of mobile security is to protect the confidentiality of the data stored in mobile phones and to enhance the integrity of the mobile devices. In addition, numerous benefits provided by mobile security application, such as protecting data against malwares and cyber-attacks and providing access of data from remote location are the major factors for the mobile security market growth.

Furthermore, increase in online mobile payment and rise in security need due to rise in adoption of BYOD in workplaces are the major factors that drive the growth of the market. In addition, surge in need to provide protection to video streaming content fuels the growth of the mobile security market. Furthermore, high cost of mobile security solution and complexity in designing embedded security solution hamper the growth of the market. Furthermore, growth in usage of machine learning and artificial intelligence in mobile security application is expected to provide lucrative opportunity for the mobile security market size.

Depending on operating system, the android segment holds the largest market share mobile security market analysis, owing to the open nature of android platform and distribution through phone security applications dominate the android market. However, the others segment is expected to grow at the highest rate during the forecast period, since the operating system of blackberry and windows provides secured multitasking and supports specialized input devices that have been adopted for use in BlackBerry handhelds, particularly trackpad, trackball, track wheel, and recently the touchscreen.

Region-wise, the mobile security market was dominated by North America in 2020, and is expected to retain its position during the forecast period, as mobile security threats are on the rise and the trend is bound to grow with the increase in number of people buying mobile devices. Nearly 81% of the North American population are internet savvy and this number increases on a yearly basis. However, Asia-Pacific is expected to witness significant growth during the forecast period, as it utilizes mobility solutions depending upon the need of the consumer. Increase in usage and reliance on mobile devices dramatically impacts the end user access to enterprise applications and data.

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The outbreak of COVID-19 is anticipated to have a positive impact on the mobile security market size. The cases of mobile phone related crimes, such as identity theft, cyberattack, data theft, and others grew during the pandemic, which resulted in consumers getting more aware about these threats. Therefore, consumer demand for mobile security increased during the pandemic. Moreover, with rise in usage of smartphones during the pandemic, the demand for mobile security applications increased simultaneously.

KEY FINDINGS OF THE STUDY

By operating system, the android segment accounted for the largest mobile security market share in 2020.

Region-wise, North America generated the highest revenue in 2020.

By end user, the enterprises segment generated the highest revenue in 2020.

The key players that operate in the mobile security industry are Apple Inc., BlackBerry Limited, Broadcom Inc., Citrix Systems, Inc., Google LLC, International Business Machine Corporation, Mobileiron, Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the mobile security industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Mobile Security Market #Mobile Security Industry #Mobile Security #Security

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Subscriber Data Management Market to Receive Overwhelming Hike In Revenue

According to a new report published by Allied Market Research, titled, “Subscriber Data Management Market, Size, Share, Competitive Landscape and Trend Analysis Report by Solution (Subscriber Data Repository, Subscriber Policy Management, Subscriber Identity Management, Subscriber Location and Device Information Management), by Network Type (Mobile Networks, Fixed Networks), by Deployment Model (On-Premises, Cloud), by Enterprise Size (Large Enterprises, Small and Medium Enterprises), by Application Type (Mobile, Voice over Internet Protocol (VoIP), Others): Global Opportunity Analysis and Industry Forecast, 2021–2031” The subscriber data management market was valued at $4.9 billion in 2021, and is estimated to reach $25.5 billion by 2031, growing at a CAGR of 18.4% from 2022 to 2031.

The complexity of managing multiple databases and data structures led to inconsistencies and overlap in data, difficulties in provisioning, limited redundancy, and high cost of operations. SDM addresses all these issues, separating application logic from data storage and helping facilitate data-less application front ends and limitless redundancy. Further, it is evolving as the physical network to virtualized, cloud-native, service-based architecture (SBA).

Factors such as, the increase in adoption of subscriber data management solutions to enhance operation & productivity, fuel the growth of the market. In addition, communications service providers are investing in 5G networks, a trend that is expected to continue to provide lucrative growth opportunities for the market during the forecast period. Moreover, the growing number of mobile devices and NFV and IP system deployments, combined with increasing demand for advanced network technologies such as LTE and VoLTE, has led to significant growth in the subscriber data management market forecast. However, security & privacy concerns related to the data hamper the growth of the subscriber data management industry.

On the basis of application type, the mobile segment dominated the subscriber data management market size in 2021 and is expected to continue this trend during the forecast period. The mobile-based SDM solution is a unified platform for both 4G and 5G subscriptions, simplifying the network upgrade path. It implements a network data layer approach to independently interface with multiple applications, preventing duplication by consolidating data in a single, centralized, highly scalable, robust, and cost-effective repository. However, voice over internet protocol (VoIP) segment is expected to experience fastest growth in the coming years. VoIP technology helps to reduce the cost of voice communication to almost nothing for personal and commercial use.

Region-wise, North America dominated the market share in 2021 for the subscriber data management market. Adoption of subscriber data management solution growing steadily to meet increasing demands from today’s businesses to enhance their business process and improve the customer experience is expected to fuel the market growth in this region. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. Surge in digitalization toward business operation, is projected to provide lucrative growth opportunities for the subscriber data management market in Asia-Pacific region.

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The outbreak of COVID-19 is anticipated to provide numerous opportunities for the market to grow during the forecast period. These opportunities include a surge in demand for SDM platform in enterprises due to remote work initiatives, as more businesses see the benefits of these platforms. It further altered how businesses handle their processes. Data storage has also been altered, as all business information has been moved to the cloud, where it is both safe and conveniently available to users for remote work.

Moreover, it is anticipated that post pandemic, companies will focus more on solutions that will support advanced planning and mitigate the impact of similar events in the future. Furthermore, increased requirement to optimize operation expenditure while analyzing customer behavior for targeted activities has fueled a boom in demand for convergent billing market. For instance, in June 2020, China Telecom partnered with Nokia’s core networking products for 5G. This partnership includes multiple Nokia Software, ION products, Unified Data Management, User Plane, and Session Management Functions. Nokia currently has a 17% market share in China Unicom’s rapidly expanding VoLTE network, where it has deployed Nokia’s cloud-based vIMS platform. This deal will further enhance the long-term partnership between China Unicom and Nokia. Such enhancements propel the growth of the market in the upcoming years.

Factors such as shutdown of educational institutions, offices, and manufacturing facilities for an indefinite period; major shift toward work-from-home culture; and implementation of social distancing policies have led to increasing need of technologies, which can help them to pass through these difficult times. COVID-19 has positively impacted on the digital transformation initiative, which is expected to provide lucrative growth opportunities for the SDM market in the upcoming years.

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KEY FINDINGS OF THE STUDY

By solution, the subscriber data repository segment accounted for the largest subscriber data management market share in 2021.

By network type, the mobile networks segment accounted for the largest subscriber data management market share in 2021.

On the basis of deployment model, the on-premises segment accounted for the largest subscriber data management market share in 2021.

By enterprise size, the large enterprises segment accounted for the largest subscriber data management market share in 2021.

On the basis of application type, the mobile segment accounted for the largest subscriber data management market share in 2021.

Region wise, North America generated highest revenue in 2021.

The key players that operate in the subscriber data management market analysis Amdocs Inc., Cisco System, Inc., Computaris International, Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd., Nokia Corporation, Optiva, Inc., Oracle Corporation, Telefonaktiebolaget LM Ericsson, and ZTE Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the subscriber data management industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Subscriber Data Management Market #Subscriber Data Management Industry #Subscriber Data Management

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AI Training Dataset Market Insights, Demand and Growth

According to a new report published by Allied Market Research, titled, “AI Training Dataset Market, Size, Share, Competitive Landscape and Trend Analysis Report by Type (Text, Audio, Image/Video), by End User (IT and Telecom, BFSI, Automotive, Healthcare, Government and Defense, Retail, Others): Global Opportunity Analysis and Industry Forecast, 2021–2031” The ai training dataset market was valued at $1.4 billion in 2021, and is estimated to reach $9.3 billion by 2031, growing at a CAGR of 21.6% from 2022 to 2031.

AI gives machines the ability to learn from past experience, carry out human-like functions, and adapt to new stimuli. These machines are taught to analyses vast amount of data and identify patterns in order to carry out a specific job. Moreover, some datasets are needed to build these machines. To meet this need, there is an increasing demand for training databases for artificial intelligence. AI (artificial intelligence) is used in machine learning, which enables systems to learn from experience without being expressly programmed automatically. Machine learning focuses on creating software that can acquire and use data to make its own discoveries. Data used to build a machine learning model is referred to as AI training data. The training set, training dataset, learning group, and regression coefficients data in the data are also ascribed to the AI training data.

Furthermore, factors such as machine learning and Intelligence are expanding quickly, and the production of large amounts of data and technological advancements primarily drive the growth of the AI training dataset market size. However, poor expertise of technology in developing areas hampers market growth to some extent. Moreover, widening functionality of training data sets in multiple business verticals is expected to provide lucrative opportunities for the AI training dataset market forecast.

Depending on end user, the IT and telecom segment dominated the AI training dataset market share in 2021 and is expected to continue this dominance during the forecast period, owing to improve IT operations management and speed up problem resolution in complicated modern IT environments as IT infrastructures get more complex and clients. Moreover, the vast, changing, and challenging-to-manage IT landscape has found considerable use for the enormous advancement in AI. However, the healthcare segment is expected to witness the highest growth in the upcoming years, owing to analyzing enormous data sets that are well above the capacity of humans. Moreover, by automating the most error-prone repetitive tasks, this healthcare technology will improve their capacities and efficacy.

The COVID-19 pandemic’s emergence has sparked advancements in numerous industries’ use of apps and technology. Additionally, the pandemic has increased the pace at which AI is being used in fields like healthcare. All sectors now face difficulties in operating their businesses as a result of the crisis. AI-based tools and solutions have been widely adopted in all industries as a response to this scenario. The market’s major players are concentrating on transforming their operations to be more digital, which has led to an enormous demand for AI solutions. Therefore, these variables are responsible for the COVID-19 pandemic’s favorable impact on the market for AI training datasets. Moreover, businessmen had to use sophisticated analytics and other AI-based technologies to ensure that their operations ran smoothly during the pandemic. Additionally, businesses have grown dependent on cutting-edge technologies, which are predicted to accelerate market development in the years to come. Additionally, a number of sectors, including e-commerce, IT & automotive, and healthcare, are anticipated to accelerate the implementation of the AI training dataset. As a result, it can be predicted that during the forecast period, the market for AI training datasets will expand more quickly.

Region wise, the AI training dataset market analysis was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to industries moving towards automation, there is a higher demand for AI and machine learning tools. The demand for analytical solutions to acquire the best visualization and strategy developments is being driven by the rapid digitalization of company. However, Asia-Pacific is expected to witness the highest growth in the upcoming years, owing to the widespread release of new datasets to speed up the usage of artificial intelligence technology in developing sectors. Emerging technologies are being quickly embraced by businesses in developing nations like India in order to modernize their operations. Other important players are also focusing their efforts in the area.

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Technology aspect

Businesses are looking to get a higher return out of artificial intelligence (AI) along with great insights. AI as applied to the business of decision-making enables the use of data to both analyze and formalize the decision-making process and automate the process. Organizations use AI training dataset models to enhance their services and improve productivity. In addition, the use of AI training dataset involves machines and algorithms to make decisions in a range of contexts, including public administration, business, health, education, law, employment, transport, media and entertainment, with varying degrees of human oversight or intervention. For instance, in September 2022, NVIDIA enhanced their AI training dataset models and launched the open beta of the NVIDIA NeMo Megatron large language model (LLM) framework, which customers can choose to run on accelerated cloud instances from OCI. Customers are using LLMs to build AI applications for content generation, text summarization, chatbots, code development and more.

KEY FINDINGS OF THE STUDY

By type, in 2021, the text segment was the highest revenue contributor to the market, with an 19.8% impressive CAGR. However, the image/video segment is estimated to reach $9,292.93 million by 2031, during the forecast period.

By end user, the IT and telecom segment is estimated to reach $1,807.43 million by 2031, with an 18.4% impressive CAGR, during the forecast period. However, healthcare segments are expected to witness approximately 24.9% CAGRs, respectively, during the forecast period respectively.

Region-wise, the AI training dataset market growth was dominated by North America. However, Asia-Pacific and Europe are expected to witness a significant growth rate during the forecasted period.

Key players profiled in AI training dataset industry include Google LLC, Amazon Web Services Inc., Microsoft Corporation, SCALE AI, INC., APPEN LIMITED, Cogito Tech LLC, Lionbridge Technologies, Inc., Alegion, Deep Vision Data, Samasource Inc. Market players have adopted various strategies, such as product launches, collaboration & partnership, joint ventures, and acquisition to expand their foothold in the AI training dataset industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#AI Training Dataset Market #AI Training Dataset Industry #AI Training Dataset #Training Dataset #AI #artificial intelligence

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Fueling the Future: Global Trends in Managed Security Services Market (2021-2030)

According to a recent report published by Allied Market Research, titled, “Managed Security Services Market by Deployment Mode, Enterprise Size, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global managed security services market size was valued at $22.45 billion in 2020, and is projected to reach $77.01 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

Managed security services (MSS) are considered as a systematic approach to managing an organization’s security needs. The services may be conducted in-house or outsourced to a service provider that oversees other companies’ network and information system security. Functions of a managed security service include, round-the-clock monitoring and management of intrusion detection systems and firewalls, overseeing patch management & upgrades, performing security assessments & security audits, and responding to emergencies. There are products available from a number of vendors to help organize and guide the procedures involved. This diverts the burden of performing the chores manually, which can be considerable, away from administrators. Furthermore, the key factor that drives the growth of the managed security services market includes increasing cybercrime activities, cost effectiveness, and stringent government regulations drive the global managed security services market. In addition, growing trend of mobile devices at workplaces and rise in electronic data fuel the growth of the market. However, hesitation to share sensitive data restricts the market growth. Moreover, growing awareness about data security, growing importance of e-business, and rise in demand for customized services are expected to offer remunerative opportunities for expansion of the managed security services market growth during the forecast period.

Depending on industry verticals, the BFSI segment holds the largest managed security services market share. The customers of the banks and other financial institutions are demanding advanced protection to ensure security of their confidential data. Additionally, they prefer financial institutions that have not been involved in any data breach incidences and appear to be more reliable with their security procedures. Besides these factors, the government regulations relating to data privacy and protection in the face of misuse of the customer data requires organizations to follow specific guidelines for protecting customer data.

Region wise, the managed security services industry was dominated by North America in 2020, and is expected to retain its position during the forecast period. In recent past, the hackers have targeted energy utility sector and the same is facing frequent attacks. In such scenarios, the organizations need effective systems for proactive monitoring of their networks to protect their environment from frequent attack from hackers and other entities. However, the shortage of skilled professionals for managing the security of complex and wider network makes the situation more severe. In addition to this, the huge costs involved in continuous monitoring and controlling of various network, stimulates the companies to look for security service provider.

The COVID-19 pandemic has forced cybersecurity professionals to change their priorities/activities and increase their workload. In addition, according to CISO’s Benchmark Report 2020, organizations are struggling to manage remote workers’ use of phones and other mobile devices. In addition, according to CISCO’s report, 52% of respondents said that mobile devices are a major challenge when it comes to cyber security. Moreover, an Office of National Statistics study found that remote employees worked five hours a week more on average than those who worked in the office. They also did six hours of unpaid overtime on average per week, compared to 3.6 hours for those who never work from home. Managed security services have become a lifeline for organizations and schools as the use of remote working and learning standards has increased tremendously. As a result, managed security services industry is expected to be a primary focus in the coming years.

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Key Findings Of Study

By deployment mode, the on-premise segment accounted for the largest managed security services market forecast period.

Region wise, North America generated highest revenue in managed security services market size.

On the basis of industry verticals, the BFSI segment generated the highest revenue in 2020.

The key players profiled in the managed security services market analysis are AT&T Intellectual Property, BT Group, Broadcom, Cisco System Inc., Check Point Software Technologies Ltd., DXC Technology Company, SecureWorks Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, and IBM Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

#Managed Security Services Market #Managed Security Services Industry #Managed Security Services #Security

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Business Analytics Software Market Trends to Witness Astonishing Growth

According to a recent report published by Allied Market Research, titled, “Business Analytics Software Market by Component, Deployment Model, Application, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global business analytics software market size was valued at $61.10 billion in 2020, and is projected to reach $177.00 billion by 2030, growing at a CAGR of 11.2% from 2021 to 2030.

The business analytics software industry is expected to develop due to an increase in the usage of advanced analytics in various companies and the requirement to derive valuable insights from previously underutilized data. In addition, the market has grown due to an increase in demand for cloud-based Big Data analytics software among small and medium businesses. In addition, surge in the need for better insights for business planning, as well as emerging trends such as social media analytics, are expected to provide lucrative opportunities for market expansion during the forecast period. Furthermore, the key factor that drives the growth of the business analytics software industry includes rise in adoption of business analytics software by multiple organizations, surge in demand for cloud-based business analytics software among SMEs, and numerous benefits provided by business analytics solutions. In addition, ability of business analytics software to deliver enhanced & faster decision-making and to provide competitive advantage by analyzing and acting upon information in a timely manner propel the growth of the market. Furthermore, worldwide acceleration of digital transformation in enterprises due to COVID-19 outbreak fuels growth of the market. However, budget constraints in small & medium size businesses to provide effective data warehousing and lack of skilled workforce limit the growth of this market. Conversely, emerging trends such as social media analytics & text analytics and increase in need to gain insights for business planning are expected to provide numerous opportunities for the expansion of the market during the forecast period.

On the basis of component, the software segment dominated the overall business analytics software market in 2020, and is expected to continue this trend during the forecast period. This is attributed to increase in adoption of business analytics software among enterprises to gain strategic as well as competitive advantage over their competitors. In addition, it helps them to make quick & informed decisions through the analysis of the business data, which drives the growth of the market. However, the services segment is expected to witness highest growth, as these services ensure effective functioning of software throughout the process.

Region wise, the business analytics software market was dominated by North America in 2020 and is expected to retain its position during the forecast period, owing to factors such as major shift toward digital transformation, rise in cloud deployment among small & medium businesses, and ongoing modernization of manufacturing drive heavy investment in business analytics software market in the U.S. and Canada. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to strong economic growth along with the ongoing development in the services sector, which drives business enterprises to invest heavily in business analytics software to sustain growth and improve productivity.

Owing to the closure of work places and industries such as manufacturing, there has been a major decline in the use of business analytics software and preplanned investments throughout the world, while the number of patients has increased. The COVID-19 pandemic, on the other hand, has resulted in a greater usage of cloud technology to assist consumers in every business in combating the pandemic scenario. Furthermore, many firms have made free and open data set tools available to academics and scientists in order to assist them build COVID-19 solutions more quick. Furthermore, business analytics software use is projected to rise in a number of sector verticals where it was low prior to the COVID-19 crisis, such as retail and e-commerce, and media & entertainment. Owing to the COVID-19 pandemic, over-the-top services have grown at the fastest rate in the world, resulting in increased use of business analytics software for various applications including customer analytics and price analytics.

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Key Findings Of The Study

By component, the software segment accounted for the largest business analytics software market share in 2020.

By region, North America generated highest revenue in 2020.

By enterprise size, the large enterprise generated the highest revenue in 2020.

The key players profiled in the business analytics software market analysis are Adobe, Fair Isaac Corporation, Google LLC., IBM Corporation, Microsoft Corporation, Oracle Corporation, Qlik, Salesforce.com, Inc., SAP SE, and SAS Institute Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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