Managed Services Market Overview::
Managed Services Market size with a CAGR of 9.76% during the forecast period of 2020 to 2030. This expansion will lead the market share to reach USD 507.13 Billion. The market expansion and the management and maintenance of more components are both anticipated to be supported by the rising desire to lower administrative and maintenance expenses. The market's success from 2020 to 2030 will be significantly impacted by high startup expenses, as projected by analysts. The market will be supported during the forecast period by technological developments and consumers looking for more convenience.
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Key Players:
Cisco Systems Inc of US
Huawei Technologies Co. Ltd of China
NTT Data Corporation of Japan
Accenture of US
Unisys Corporation of US
Amdocs Limited of US
Telefonaktiebolaget LM Ericsson of Sweden
Atos SE of France
IBM Corporation of US
DXC Technology Company from the US
Fujitsu from Japan
On the other hand, organisations based in the process management sector and operating in the global managed services market will face difficulties due to a lack of demand from some regional markets. Based on organisation size, service type, and vertical segments, analysts have divided the market. Companies with a focus on process management have been profiled. Concerns about high prices are expected to have an impact on the global market from 2020 to 2030. Companies that rely on process management are studied for their strategies. The growing consumer awareness and desire for greater convenience support the process management industry as a whole. In terms of organisation size, service type, vertical segments, and regional markets, the managed services market is anticipated to grow strongly from 2020 to 2030.
Regional Analysis :
Companies that specialise in process management are active in the managed services market in North America, Europe, Asia Pacific, the Middle East, Africa, and the rest of the world. The key growth engine for regional markets will be favourable policies in all of the markets. The absence of expert services, however, will prove to be a danger. for the anticipated timeframe of 2020 to 2030. In the report, each of these regional markets is examined. The regional market and process management vertical-based businesses are dispersed across North America, primarily in the United States, Mexico, and Canada.
From 2020 to 2030, the absence of funding in research and development will prove to be a significant obstacle. Regional markets in the United Kingdom, France, Italy, and Germany make up some of the European market covered in the research. According to the report, the market in the region will profit from rising demand from different industrial verticals and the expansion of communication channels. In a similar vein, India, Japan, China, and other countries are included in the segmental study of the process management sector for the Asia Pacific area. The Middle East and Africa are included in the managed services market research report's coverage of the rest of the world. Based on the findings, predictions for the global managed services market are given through the year 2030.
Market Segmentation :
Due to an increase in disposable income and supportive policies in various regional markets, the process management industry has experienced growth across organisation size, service type, and vertical segments. In order to better understand the market, analysts have divided it into additional categories based on organisation size, including cloud services, managed collaboration services, managed data centre services, managed mobility services, managed security services, network services and testing, and others. The market is further divided into large businesses and SMEs within the service type subsegment. Also divided into BFSI, education & research, energy & utilities, healthcare, industrial/manufacturing, IT & telecommunication, retail and ecommerce, and others, the managed services market is segmented according to vertical.
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Process management-related organisations are given insights into key growth factors, such as the existence of untapped market opportunities, as well as challenges, such as the rising penetration of alternatives in the market, that the market will face from 2017 to 2024 through the segmental analysis presented in the report. According to experts citing the managed services market study, the need to reduce total cost of ownership and shifting societal norms are some of the major issues affecting organisations in the process management sector. However, the report also names changing policies and regulations as well as a lack of demand from developing nations as the two main concerns that process management organisations would have to deal with through 2030.
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GPS Tracker Market Overview:
The GPS tracker market is a growing industry that provides tracking solutions for a wide range of applications. GPS trackers are devices that use the Global Positioning System (GPS) to determine the location of an object or person. The information is then transmitted to a central monitoring system that can provide real-time tracking and monitoring.
The GPS tracker market is expected to continue to grow in the coming years, driven by the increasing adoption of tracking solutions in various industries The GPS Tracker market is projected to grow from USD 2.8 Billion in 2023 to USD 6.5 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.8% during the forecast period (2023 - 2030).
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Key Players:
Key Companies in the GPS Tracker market includes,
Sierra Wireless
Orbocomm
Atrack Technology
Geotab Inc.
Box Telematics
Meitrack Group
Trackimo Group
Calamp Corp
Starcom System Ltd.
Concox Wireless Solution
Regional Analysis:
The GPS tracker market has seen significant growth in recent years, driven by increasing demand for location-based services across various industries such as logistics, transportation, construction, and healthcare. The market is expected to continue its growth trajectory in the coming years due to the rising adoption of connected devices and the increasing need for real-time location tracking.
Regionally, the market for GPS trackers is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Let's take a closer look at each region:
North America: North America is the largest market for GPS trackers, primarily due to the high demand for these devices in the transportation and logistics industries. The region is home to some of the largest GPS tracker manufacturers, such as Calamp Corp and Trimble Inc. The market is expected to continue its growth trajectory due to the increasing adoption of fleet management systems and the rising demand for real-time tracking solutions.
Europe: Europe is the second-largest market for GPS trackers and is driven by the growing demand for these devices in the transportation and construction industries. The region is also witnessing increasing demand for personal GPS trackers due to the rising concern for personal safety and security. The market is expected to continue its growth trajectory in the coming years, driven by the increasing adoption of telematics solutions.
Asia-Pacific: The Asia-Pacific region is the fastest-growing market for GPS trackers due to the increasing demand for these devices in emerging economies such as China and India. The region is witnessing significant growth in the transportation and logistics sectors, which is driving the demand for GPS trackers. The market is also witnessing increasing demand for personal GPS trackers due to the rising concern for personal safety and security.
Middle East & Africa: The Middle East & Africa region is witnessing moderate growth in the GPS tracker market, primarily due to the growing adoption of telematics solutions in the transportation sector. The market is expected to continue its growth trajectory in the coming years due to the increasing need for real-time tracking solutions.
Latin America: Latin America is witnessing steady growth in the GPS tracker market, primarily due to the increasing adoption of these devices in the transportation and logistics industries. The market is expected to continue its growth trajectory in the coming years due to the rising demand for fleet management solutions.
In conclusion, the GPS tracker market is witnessing significant growth across all regions, driven by the increasing demand for real-time tracking solutions in various industries. While North America remains the largest market, the Asia-Pacific region is witnessing the fastest growth due to the increasing adoption of these devices in emerging economies.
Market Segmentation:
The GPS tracker market can be segmented based on several factors, including type, deployment type, industry vertical, and geography. Let's take a closer look at each of these segments:
Type: The GPS tracker market can be segmented into various types, including standalone trackers, OBD trackers, and advanced trackers. Standalone trackers are designed to work independently and can be used for personal or asset tracking. OBD trackers are plugged into the OBD port of a vehicle and provide real-time information about the vehicle's performance. Advanced trackers are designed to provide advanced features such as driver behavior monitoring, geofencing, and remote immobilization.
Deployment Type: The GPS tracker market can also be segmented based on the deployment type, including wired trackers and wireless trackers. Wired trackers are hardwired into the vehicle and are typically used for fleet management solutions. Wireless trackers use cellular or satellite networks to transmit location data and are used for personal tracking and asset tracking.
Industry Vertical: The GPS tracker market can be segmented based on industry verticals, including transportation and logistics, construction, healthcare, oil and gas, and others. The transportation and logistics segment is the largest segment, driven by the increasing demand for fleet management solutions. The construction segment is witnessing significant growth due to the need for equipment tracking and theft prevention. The healthcare segment is witnessing increasing demand for personal GPS trackers for patient tracking and remote monitoring.
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Geography: The GPS tracker market can also be segmented based on geography, including North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is the largest market, driven by the high demand for GPS trackers in the transportation and logistics industries. Asia-Pacific is witnessing the fastest growth due to the increasing adoption of these devices in emerging economies.
In conclusion, the GPS tracker market can be segmented based on various factors, including type, deployment type, industry vertical, and geography. These segments provide insights into the different use cases and applications of GPS trackers and help businesses tailor their offerings to meet specific customer needs.
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Testing Inspection and Certification (TIC) Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Testing Inspection and Certification (TIC) Market Information by Sourcing Type, Service Type and End-User - Forecast till 2030”, Testing Inspection and Certification (TIC) Market could thrive at a rate of 5.60% between 2022 and 2030. The market size will be reaching around USD 89.68 Billion by the end of the year 2030
Market Synopsis:
Testing Inspection and Certification (TIC) refers to the process of verifying and validating products, systems, and services to ensure compliance with regulatory standards and industry requirements. It involves testing the quality, performance, safety, and reliability of products, inspecting facilities and processes, and providing certification or accreditation. TIC services are essential across various industries, including manufacturing, construction, automotive, healthcare, food and beverages, and aerospace, to ensure that products and processes meet the required standards and regulations.
The main application of Testing Inspection and Certification (TIC) is to safeguard public health and safety, protect the environment, and ensure fair trade practices. TIC services help organizations meet legal and regulatory requirements, demonstrate compliance with industry standards, enhance consumer confidence, and mitigate risks. These services include product testing and certification, quality control inspections, supplier audits, process and system assessments, and compliance verification.
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Market Competitive Landscape:
The affluent companies in the Testing Inspection and Certification (TIC) industry include
Bureau Veritas SA
SGS Group
Dekra Certification GmbH
ALS Limited
Intertek Group plc
ASTM International
SAI Global Limited
BSI Group
UL LLC
MISTRAS Group Inc.
Industry News (May 2023):
SGS Group launched a new digital platform for remote auditing and inspection services. The platform utilizes advanced technologies such as AI, IoT, and cloud computing to enable virtual audits and inspections, reducing the need for physical presence and enhancing efficiency. This development demonstrates the industry's adoption of digital transformation and innovative solutions to provide TIC services remotely, addressing the challenges posed by the COVID-19 pandemic.
Market USP Covered:
Market Drivers:
There are three main market driving factors for the Testing Inspection and Certification (TIC) market. Firstly, the increasing complexity of products and systems, coupled with the global expansion of trade, has led to a growing demand for TIC services to ensure compliance with international standards and regulations. Organizations need to demonstrate that their products meet quality, safety, and performance requirements to access global markets and meet customer expectations. Secondly, the rising focus on consumer protection and risk management drives the need for independent verification and certification. TIC services help in building trust and confidence among consumers by assuring the safety, quality, and reliability of products and services. Thirdly, the rapid advancements in technology and the emergence of new industry sectors create opportunities for TIC providers. As new technologies and industries evolve, such as IoT, artificial intelligence, and renewable energy, there is a need for specialized testing, inspection, and certification services.
Market Restraints:
Market restraints for the Testing Inspection and Certification (TIC) market include cost pressures, regulatory complexities, and the need for skilled workforce. TIC services can be costly, particularly for small and medium-sized enterprises, which may hinder their adoption. Additionally, the regulatory landscape is constantly evolving, with new standards and requirements being introduced, leading to complexities and challenges for organizations in ensuring compliance. Moreover, there is a shortage of skilled professionals in the TIC industry, particularly in specialized areas, which may impact the delivery of high-quality services.
COVID 19 Analysis:
The COVID-19 pandemic had a significant impact on the Testing Inspection and Certification (TIC) market. The pandemic highlighted the importance of health and safety standards, supply chain resilience, and remote service delivery. TIC services played a crucial role in ensuring the quality and safety of medical devices, personal protective equipment, and other essential products. The pandemic also accelerated the adoption of digital solutions in the TIC industry, such as virtual audits and inspections, to minimize physical interactions and maintain business continuity. Post-COVID-19, the TIC market is expected to witness increased demand for services related to health and safety, supply chain resilience, and sustainability.
Market Segmentation:
By Sourcing Type - The sourcing Type in the market includes Outsourcing, In-house.
Service Type - The service type in the market includes Testing, Inspection, Certification.
End-User - The end-user in the market includes Automotive, Textile, Aerospace, Oil & gas, petroleum, Food & Beverage.
Regional Insights:
The European market for TIC services is driven by the region's robust manufacturing sector, which requires rigorous testing and certification of products. Additionally, the presence of renowned certification bodies and industry associations further supports the growth of the TIC market in Europe.
Asia Pacific is experiencing rapid growth in the Testing Inspection and Certification (TIC) market. The region's expanding manufacturing and industrial sectors, particularly in countries like China, India, and Japan, are driving the demand for TIC services. The rise in international trade, coupled with increasing awareness of quality and safety standards, has led to a greater need for testing, inspection, and certification. Moreover, the region's focus on technological advancements, infrastructure development, and regulatory reforms is further fueling the growth of the TIC market in Asia Pacific.
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Each of these regions offers unique opportunities and challenges for the Testing Inspection and Certification (TIC) market. North America's well-established TIC industry and stringent regulatory environment create a favorable market landscape. Europe's emphasis on quality control, sustainability, and regulatory compliance drives the demand for TIC services. Asia Pacific's rapid industrialization, growing consumer awareness, and government initiatives for quality improvement contribute to the expanding TIC market in the region.
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Enterprise Data Warehouse (EDW) market Overview:
In its research report, Market Research Future (MRFR), emphasizes that over the review period, the global Enterprise Data Warehouse (EDW) market 2020 is projected to rise exponentially, securing a significant market valuation and a healthy CAGR.Drivers and Restraints
Enterprises have enormous volume of data and lack effective tools to analyze the threats that render fraudulent activities unnoticed, particularly in the supply chain phase. The identification of fraud and the control of risks are among the major problems facing vertical industry. Large companies have implemented several techniques to avoid risks to business records. The vital and organized records of organizations are housed in the organisation's data warehouse. Therefore, implementing a cost-effective, cloud-based solution is likely to boost the fraud detection market in the enterprise data warehouse industry. Enterprises have started to embrace cloud-based delivery strategies to protect their business records. Private clouds provide flexibility along with expanded control rates over corporate data and applications. In the digital age of today, the amount of data increases exponentially in an organization.
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Key Players:
The key market players of the enterprise data warehouse market are as follows,
Action Corp
Health catalyst
Tata Consultancy Services (TCS)
Microsoft
SAP
Teradata
Snowflake
Decreasing processing power and online storage costs and rising business applications implementation are key factors that promote this development. Rising in the big data trend of the company leads to increased analytics demand which is expected to boost market growth. It is anticipated that increased demand for high-speed analytics and low latency along with a increasing role of business intelligence in business management would drive market demand. The deployment of these applications could become increasingly complex and time consuming because the data for these applications is dispersed throughout the enterprise, stored in many different formats, and may even reside on many different platforms. In addition, the constant changes in the business environment foster endless business users requests for new information. The emerging warehousing centers are expected to implement new versatility framework along with the introduction of up-to-date information and sources that tackle challenges such as complexity, range, distance, and speed. Insufficient time to develop in-house software is expected to drive market growth with budget constraints for IT along with cost advantages linked to on-demand software subscription. Difficulties in improving and maintaining data quality, however, may serve as a major challenge to market growth.
Segmental Analysis:
Segmentation by Methods comprises information processing, gdata mining , analytical processing.
Segmentation by deployment comprises on-premise and on-cloud deployment.
Segmentation by vertical comprises BFSI, IT and telecommunications, manufacturing, retail, government and others.
Regional Analysis:
The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.
North America is predicted as the leading business area followed by Europe. Because of increased knowledge of data management, data governance compliance and also the growing need for better data management to create relationships between various heterogeneous variables required to frame an organization's strategic policies Due to the early adoption of data warehouse as a service as well as major initiatives taken by market players in the form of collaborations with various technology players in the region, North America constitutes the largest market share. The US and Canada are two influential North American markets that see the robust adoption of emerging technology, such as applications for cloud data warehouse. Asia Pacific is considered to be market-oriented emerging area.
Industry News:
In September 2020, Majesco (NASDAQ: MJCO), a global leader in the field of cloud insurance software solutions for various insurance business transformation, revealed that they had joined hands with CapSpecialty, a company known for its service in specialty insurance for SMEs in the U.S., to upgrade Majesco Billing for P&C to Version 11 on Majesco CloudInsurer. Also, they have implemented tools like Majesco Enterprise Data Warehouse (EDW) and Majesco Digital1st Electronic Billing and Payments (EBP) applications.
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In August 2020, a hybrid cloud data warehouse company Yellowbrick Data declared that Sotero, an enterprise data protection provider, joined the company’s partner program. The companies have finished their technical integration and certification to provide enterprises with robust and simple-to-use data protection encompassing security, compliance, and privacy. The Yellowbrick and Sotero solution is now available. Yellowbrick has the only modern data warehouse that has been designed exclusively for the hybrid cloud. Sotero’s expertise in offering comprehensive data security and protection removes operational and maintenance headaches in various deployment scenarios.
The global market report on the enterprise data warehouse market share shows that the incorporation of this technology is slated to grow multifold after the healthcare sector witnessed a severe crisis in operation during the COVID-19 pandemic.
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Digital Evidence Management Market Overview:
The Digital Evidence Management Market industry is projected to grow from USD 5.78 Billion in 2023 to USD 15.82 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.40% during the forecast period (2023 - 2032).
The inclination towards a central repository of digital information is predicted to create opportunities in the digital evidence management market. The emphasis on speeding up the judicial process is forecasted to motivate the digital evidence management market share in the forecast period.
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Key Players:
Key Companies in the Digital Evidence Management Market include,
IBM Corporation
Oracle Corporation
Panasonic Corporation
Hitachi, Ltd.
Vidizmo LLC
NICE Systems Ltd.
Motorola, Inc.
SoleraTec LLC
Segmental Analysis:
The segmentation of the digital evidence management market is conducted on the basis of component, hardware, software, services, deployment, organization size and end-user. By organization size, the market consists of large enterprises and SMEs. By the hardware, the market consists of body-worn cameras, citywide video cameras, vehicle dash cameras, drone cameras, and others. By deployment, the market comprises of cloud, hybrid and on-premise. By software, the market comprises of evidence analytics, storage and sharing, evidence collection, evidence security, and visualization. By the component basis, the market has been segmented into hardware, software, and services. By services, the market consists of system integration, support and maintenance, digital investigation and consulting, training and education. By end-user, the market consists of the public sector, public safety & justice, law enforcement, and insurance.
Detailed Regional Analysis:
The regional assessment of the digital evidence management includes regions such as Asia Pacific, Europe, North America and the rest of the regional market. The North American market holds the prime market share due to the growing implementation of digital evidence management by law enforcement organizations in Canada, the US, and Mexico. The European region was credited for the next biggest market share due to the incidence of key market companies. The growth rate of the digital evidence management market is expected to be developed in law enforcement agencies in Europe. Also, the adoption of technology is controlled by police departments in this region. The digital evidence management market in the Asia Pacific is the third leading market stake. It is projected to accomplish the maximum progress rate owing to the mounting number of initiatives taken by the administrations around the world to manage and secure digital evidence in countries. The Middle East and African region is projected to accomplish extensive progress and represents abundant chances for significant market players to capitalize in this regional market.
Competitive Analysis:
The disharmony in the forces of demand and supply is estimated to create a slow growth background in the market. The emphasis on innovation is estimated to rise in the coming years, as the consumer needs have to be addressed in a better manner to ensure the resurgence of the global market. The capability of contenders to influence change in the market is increasing at a stable rate in the impending period. The support from government bodies around the world is rising because the market needs an extra stimulus to achieve normalcy in such a scenario. Also, the need to encourage business to include the environmental impact of their decisions is estimated to shape the development of the market in future. The need to mitigate losses sustained by the current public health crisis is estimated to be the
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sole focus of the market contenders in the upcoming years. Furthermore, the need to adopt a rapid and cost-effective method of operation is estimated to shape the market in the impending period.
The noteworthy companies in the digital evidence management market are Oracle Corporation, Panasonic Corporation, OpenText Corporation, NICE Systems Ltd., Hitachi, Ltd., Vidizmo LLC, Motorola, Inc., SoleraTec LLC, Foray Technologies, WatchGuard, Coban Technologies, Inc., IBM Corporation, Micro Systemation AB, Digital Detective Group, QueTel Corporation, and Porter Lee Corporation.
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In-Memory Database Market Overview:
The In-Memory Database market industry is projected to grow from USD 8.90 Billion in 2023 to USD 35.08 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.70% during the forecast period (2023 - 2032).
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Key Players:
Key Companies in the In-Memory Database Market include,
Microsoft Corporation (US)
IBM Corporation (US)
Oracle Corporation (US)
SAP SE (Germany)
Teradata Corporation (US)
Top Boosters and Main Barriers:
The COVID-19 outbreak has emerged as a challenge for a number of industries, including the ICT sector. In-memory database is one such market that can endure the ramifications of the pandemic, with the vendors rushing to deal with the collapsing supply chain network. Having said that, trade analysts confirm that the in-memory database market can observe decent growth in the coming years. With the growing popularity of cloud computing in the IT industry, businesses are moving from on-premise to cloud, since the latter helps the users make use of the data on the server. This can be extremely beneficial in the lockdown situation, with work from home becoming a prevalent mean of conducting operations.
The growth of the IMDB market is largely dependent on factors like the heightened demand for real-time tracking of data as well as analytical data processing among various industry verticals. Prominent industries like retail and e-commerce are mainly interested in collecting data regarding the consumers to better predict the purchasing behavior. As a result, the demand for in-memory database is gaining speed across these sectors worldwide.
The surge in the internet-of-things connected devices also fosters the market growth, as a large portion of the IT infrastructure is backed by in-memory databases. Additionally, the mounting need for good quality risk management solutions among multiple organizations also benefits the in memory databases market. Memory databases is not only used as a response time enhancer of the analytical data processing but is also deployed for enabling online transaction processing or online analytical processing infrastructure. The growing application scopes of these solutions are considered to be unique opportunities in the worldwide market.
Market Segmentation:
The in-memory database industry has been considered for data type, processing type, application, deployment mode, organization size and vertical.
Given the data types, the market segments analyzed are NoSQL, relational as well as NewSQL.
With respect to the processing type, the primary segments include Online Transaction Processing (OLTP) and Online Analytical Processing (OLAP).
Application-wise market segmentation comprises analytics, reporting, transaction, and others.
The deployment modes described in the market study are on-demand, on-cloud and on-premise.
Regional Insight:
The regional dissection of the in-memory database market consists of APAC or Asia Pacific, Europe, North America, and RoW or the Rest of the World.
North America is anticipated to be at the helm of the global market during the evaluation period. The region’s high profitability prospects can be the result of the frequent technological advancements and computing in the IT field. The market study attests that the largest portion of the competitive landscape is led by North American companies, armed with technical brilliance and innovation. Some of these companies include Oracle Corporation, IBM Corporation, Altibase Corporation, SAP SE, Microsoft Corporation, Aerospike Company, to name a few. The Canadian market for in-memory database can maintain its winning streak, thanks to the flourishing industrial sector in the country, which includes IT, and retail.
The APAC market can offer the industry contenders with the most number of lucrative opportunities, in view of the fact that the region provides several outsourcing service with higher quality predictive analytics in real-time. The digital transformation evident in the emerging countries like India and China combined with the rising popularity of technologies like Internet of Things (IoT), mobility, Business Intelligence (BI), analytics and cloud can also bolster the market growth over the next few years.
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Latest News:
November 2019
GridGain Systems, a renowned memory computing solutions provider, recently launched GridGain for z/OS. This latest offering is an advanced form of the GridGain in-memory database computing platform that can be used in IBM z/OS operating system. GridGain for z/OS can help businesses in quickly developing solutions to efficiently run analytics and also digitally transform the core systems to real-time processes.
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Content Analytics Market Overview:
Content Analytics Market is soaring up to optimum levels, the market value is estimated to reach USD 20.2 Billion by the end of 2030, along with a CAGR of 19.20% between 2020 and 2030.The global content analytics market is garnering significant traction worldwide. The rising demand for content analytics and technology solutions from major industry verticals and e-commerce retailers provides huge impetus to the market growth. The content analytics technology offers more advantages, especially when incorporated with various software(s) such as speech & text detection, web & social media analytics, recognition & detection software, enhancing safety operations & security.
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Competitive Landscape:
The key market players of the content analytics market are:
Oracle Corporation (U.S.)
SAS Institute, INC. (U.S.)
International Business Machine Corporation (U.S.)
SAP SE (Germany)
Adobe Systems, INC. (U.S.)
Opentext Corporation (Canada)
Nice Systems LTD. (Israel)
Clarabridge, INC. (U.S.)
Verint Systems (U.S.)
Interactive Intelligence Group, INC. (U.S.)
Resultantly, many enterprises extensively use content analytics solutions to leverage its benefits, such as accessibility and visibility of the amount of content created, to understand the nature of the content, and how it can be utilized to empower the businesses. These factors, as a result, drive the content analytics market share. The market holds the potential to expand phenomenally in the years to come. Growing advancements in digitization and the emergence of cloud technologies boost the content analytics market size.
The immense popularity of various social media platforms, including Facebook, Youtube, Snapchat, LinkedIn, Twitter, and others, pushes market growth. The rising use of these platforms to enhance business marketing campaigns substantiates market growth.
Enterprises majorly use this platform to enhance their business growth by improving business operations, keeping track of competitors, and understanding customer demand. Additionally, measuring the effectiveness of this platform for business growth is one of the significant factors driving market growth. On the other hand, the high costs of these systems, privacy issues, and lack of awareness are key factors impeding the growth of the content analytics market. Nevertheless, increasing uptake of the technology would support the market growth throughout the anticipated period.
Content Analytics Market – Segments
The report is segmented into application, deployment, vertical, and regions. The application segment is sub-segmented into speech analytics, text analytics, web analytics, social media analytics, and others. The deployment segment is sub-segmented into cloud and on-premise.
The vertical segment is sub-segmented into IT & telecommunication, BFSI, retail & consumer goods, healthcare, government, travel & hospitality, media & entertainment, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Content Analytics Market – Regional Analysis
North America dominates the global content analytics market. The largest market share attributes to the major content analytics firm present in the region. Besides, the increase in the utilization of content analytics solutions in various industrial verticals, such as retail, BFSI, IT & telecommunication, boosts the market in the region.
The Asia Pacific region also holds a considerable content analytics market share. Factors such as growing IT infrastructures and high adoption of digitization in major countries fuel the regional market growth.
Content Analytics Market – Competitive Analysis
The content analytics market appears highly competitive, with the presence of many prominent companies having an international and regional presence. These companies aggressively target increased participation through partnerships and collaborations in order to expand their operations and offerings to potential clientele.
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Industry/ Innovation/ Related News
April 13, 2021 --- Veritone, INC. (the US), the creator of the world’s first operating system for artificial intelligence, aiWARE™, announced extending its agreement with Audacy (the US), a scaled, multi-platform audio content and entertainment company to bring in-depth, AI-powered analytics to dynamic audio content.
Audacy is the country’s best radio broadcasting group, a leader in multiple audio segments, and number one creator of original, premium audio. The agreement equips Audacy’s 235+ stations nationwide with the ability to ingest seamlessly, index, organize and analyze its media.
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Laser Cladding Market Overview:
The laser cladding market is a type of surface engineering technology that involves using lasers to apply a layer of material onto a base material. The laser cladding process can be used to improve the surface properties of the base material, such as wear resistance, corrosion resistance, and hardness. The market for laser cladding is driven by the increasing demand for high-performance materials in various industries, such as aerospace, automotive, and healthcare.
The laser cladding market has been experiencing significant growth in recent years and is expected to continue to grow at a healthy rate in the coming years. The laser cladding market industry is projected to grow from USD 0.5525 Billion in 2023 to USD 1.005786 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.50% during the forecast period (2023 - 2030).
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Key Players:
Key Companies in the laser cladding market includes,
Höganäs AB (Sweden)
OC Oerlikon Management AG (Switzerland)
Titanova Inc. (US)
YANMAR HOLDINGS CO. LTD (India)
Hardchrome Engineering (Australia)
LaserBond Ltd (Australia)
Praxair S.T. Technology Inc. (US)
JENOPTIK AG (Germany)
TRUMPF (Germany)
Regional Analysis:
The laser cladding market can be analyzed by region, as the demand for laser cladding technology varies across different regions of the world. Here's a brief regional analysis of the laser cladding market:
North America: The laser cladding market in North America is expected to witness significant growth in the coming years, driven by the increasing adoption of laser cladding technology in various end-use industries such as aerospace, automotive, and healthcare. The presence of several key players in the region is also expected to contribute to the growth of the market.
Europe: Europe is also expected to witness significant growth in the laser cladding market due to the increasing demand for high-performance materials in various end-use industries such as aerospace, automotive, and healthcare. The region is also home to several key players in the laser cladding market.
Asia Pacific: The Asia Pacific region is expected to dominate the laser cladding market during the forecast period due to the presence of several key players in the region, as well as the increasing demand for laser cladding technology in the aerospace and automotive industries. Countries like China, Japan, and India are major contributors to the growth of the market in this region.
Rest of the World: The laser cladding market in the Rest of the World region is also expected to witness growth in the coming years, driven by the increasing adoption of laser cladding technology in various end-use industries such as oil and gas, energy, and mining. Countries like Brazil, Mexico, and South Africa are expected to contribute to the growth of the market in this region.
Market Segmentation:
The laser cladding market can be segmented on the basis of application, material type, and end-use industry. Here's a brief overview of each segment:
By Application:
Repair and Refurbishment: This segment involves the repair and refurbishment of industrial components using laser cladding technology.
New Component Production: This segment involves the production of new parts using laser cladding technology.
By Material Type:
Metals: This segment involves the use of metal materials in laser cladding, such as steel, titanium, and nickel alloys.
Alloys: This segment involves the use of alloy materials in laser cladding, such as cobalt-based alloys and bronze alloys.
Ceramics: This segment involves the use of ceramic materials in laser cladding, such as alumina and zirconia.
Composites: This segment involves the use of composite materials in laser cladding, such as carbon fiber reinforced polymers.
By End-Use Industry:
Aerospace: This segment involves the use of laser cladding technology in the aerospace industry for repairing and refurbishing of industrial components, as well as the production of new parts.
Automotive: This segment involves the use of laser cladding technology in the automotive industry for repairing and refurbishing of industrial components, as well as the production of new parts.
Healthcare: This segment involves the use of laser cladding technology in the healthcare industry for producing medical implants and devices.
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Energy: This segment involves the use of laser cladding technology in the energy industry for repairing and refurbishing of industrial components used in power generation and distribution.
Others: This segment involves the use of laser cladding technology in other industries such as oil and gas, mining, and construction. \
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File Sharing Software Market Overview:
The file sharing software market industry is projected to grow from USD 2.27 Billion in 2023 to USD 4.282 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.24% during the forecast period (2023 - 2032).
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Key Players:
Key Companies in the file sharing software market include,
WeTransfer (Netherlands)
Droplr (US)
Open Drive (US)
SecureDocs Inc. (US)
IBM Corporation (US)
Onehub (US)
Tresorit (Switzerland)
Huddle (UK)
Intralinks Holdings Inc. (US)
ownCloud GmbH (Germany)
Software for file sharing is a programme that facilitates safe file transfer. The software makes it simple to transfer controlled files and data applications. Using file-sharing software, files can be moved from one location to another. The software offers safe file transfers that are transparent. Additionally, the software has a tonne of features that are helpful to businesses. The software has outstanding capabilities including file transfer, worldwide visibility, and end-to-end security. Key market end users include the retail, consumer goods, information technology, media, and entertainment industries. Information is a valuable resource. Numerous elements are attainable through data.
Data storage and file transfer are very important in B2B. These considerations are driving up demand for safe file sharing. During the anticipated term, the software has been remarkably adopted. The market for file sharing software is expanding as a result of increased data traffic, security flaws, and security threats. The market for file-sharing software is also constantly releasing fresh upgrades. In the market, managed files are becoming increasingly popular. The market for file-sharing software will experience rapid growth as a result of all these causes.
Regional Analysis:
Markets for file-sharing software exist in North America, Europe, and Asia Pacific. Other highly competitive markets for file sharing will be surpassed by North America. The response of the businesses to file-sharing software is really good. The main difficulties in the area are data security concerns and data loss. These elements contribute to North America's high revenue. Another area where the file transfer protocol industry is in strong demand is the Asia Pacific. The Asia Pacific region is experiencing rapid business expansion.
The market is experiencing rapid growth due to the presence of China, India, and Japan. These nations have all made significant organisational strides. More people use file-sharing software as a result. Furthermore, Europe is another place where the market for file-sharing software is in high demand. The market for file sharing software will see excellent developments as a result of all these variables.
Market Segmentation:
Analysts have divided the market into other segments based on type, such as peer-to-peer, client-server, system native, and others, as well as deployment mode, end user, enterprise user, professional services, and services. The market is further divided into managed services and professional services under the heading of services. The file sharing software market is also divided into consulting services, support and maintenance services, and integration and deployment services on the basis of professional services. The market is further divided into on-premises and cloud deployment modes as a subsegment.
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The segmental analysis in the study offers data management field-based enterprises insights into important development factors like 5G technology and the industry 4.0 revolution as well as obstacles like data security concerns the market will encounter from 2017 to 2023. According to a survey on the file sharing software market, analysts believe that the adoption of cloud computing and the creation of file sharing apps are some of the major factors affecting businesses in the data management sector. However, the report also cites security issues brought on by third-party vendors and a shifting preference for less expensive alternatives as the two main dangers that businesses engaged in data management will face until 2023.
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Enterprise Software Market Overview:
The enterprise software market is projected to grow from USD 331.2 Billion in 2022 to USD 625.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2022 - 2030).
The size of the global enterprise software market is used by both small and large businesses. The industry has witnessed technical development as well as widespread acceptance of new software that is periodically put into effect. The primary drivers behind this widespread acceptance of the business software industry trends are the raised levels of productivity and increased levels of efficiency.
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Key Players:
Key Companies in the Enterprise Software market include,
Microsoft Corporation (U.S.)
VMware Inc. (U.S.)
CA Technologies Inc. (U.S.)
IBM Corporation (U.S.)
HP (U.S.)
Symantec Corporation (U.S.)
Oracle Corporation (U.S.)
EMC Corporation (U.S.)
Sap Se (Germany)
The market has gained significantly as a result of high-scale clearance for various companies' IT initiatives, which predicts strong market growth by the end of the forecast year of 2030. Keeping in mind the competitive advantage.
According to the Enterprise system industry projection, the market will continue to expand and become more prevalent. However, it is anticipated that the market's end customers' spending habits would alter.
According to the enterprise software market projection, this industry's offerings are ideally suited to meet the demand for a positive customer experience. The formation and administration of client relationships are made simpler by the business software. This is the most effective method for providing a positive customer experience, which has a significant impact on customer retention rates as well. By the conclusion of the future projection in 2023, the market will be growing due to various factors such as the significant increase in digitization and social media marketing.
Regional Analysis:
The use of enterprise software is broadened geographically, namely to North America, the European continent, the Asian-Pacific regions, and RoW, or the rest of the world. The United States and Canada are anticipated to hold the biggest market share. The big data analytics movement and cloud computing services are the primary causes of this dominance.
Nevertheless, the Asian Pacific areas are anticipated to expand at the quickest rate in terms of growth rate. The market is anticipated to increase as a result of factors including the high demand for corporate analytics and the requirement for intelligence applications. The many industry verticals in North America and the Asia-Pacific region can use these growth factors.
Market segmentation:
The prognosis for the market for enterprise software is based on the market segments and how well they perform for the growth of the market as a whole by the end of the forecast year, which is 2023. The following criteria are used to classify customers into their respective market segments:
By Type
Collaborations for web conferencing, business intelligence (BI), supply chain management (SCM), and customer relationship management are all included in the enterprise software market application type segment. This segment also includes the enterprise software market segment for customer relationship management (CRM). The acronym ERP, which stands for enterprise resource planning, is included in this market sector as well.
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Dimensions of the company or organization
The enterprise software market services are utilized to an increased degree by organizations of all sizes, including small, medium, and big businesses, which are all included in this market segment.
By Vertical
The BFSI and healthcare industries, together with the manufacturing and communications industries, and even the IT, media, entertainment, and telecommunications industries are included in the vertical market category. In addition to the retail industry, these services are also provided to the transportation industry, as well as the energy and utility industries and others.
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