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Identity as a Service market  (IDaaS) is a cloud-based solution that enables organizations to manage and secure their digital identities. IDaaS provides a centralized platform for managing user identities, access, and authentication, which helps organizations to improve security and compliance while also streamlining the user experience. The IDaaS market has seen significant growth in recent years, driven by the increasing adoption of cloud-based solutions, the need for improved security and compliance, and the rise of remote work. IDaaS solutions are highly scalable, flexible, and cost-effective, making them a popular choice for organizations of all sizes.

The market is highly competitive, with a large number of players offering a range of solutions for small, medium, and large enterprises. The integration of artificial intelligence and other cutting-edge technologies is expected to drive further growth in the IDaaS market in the coming years.

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Identity as a Service (IDaaS) provides a number of benefits to organizations, including:

Improved Security: IDaaS solutions provide centralized management and control over digital identities, enabling organizations to enforce strong security policies and improve overall security.

Streamlined User Experience: IDaaS solutions provide a single sign-on experience, allowing users to access multiple applications with a single set of credentials, reducing the need to remember multiple usernames and passwords.

Increased Compliance: IDaaS solutions enable organizations to comply with various security and privacy regulations, such as GDPR and HIPAA, by providing centralized management and control over user data.

Increased Productivity: IDaaS solutions streamline the authentication and authorization process, reducing the time and effort required for users to access the applications they need, improving overall productivity.

Scalability and Flexibility: IDaaS solutions are cloud-based, allowing for greater scalability and flexibility, enabling organizations to adjust to changes in user demand and technology requirements.

Cost-Effective: IDaaS solutions are typically more cost-effective than traditional on-premise identity management solutions, as they eliminate the need for expensive hardware, software, and maintenance costs.

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List of Key Companies Profiled:

·         Ping Identity Corporation (Colorado, U.S.)

·         OneLogin Inc. (California, U.S.)

·         Atos SE (Bezons, France)

·         Microsoft Corporation (Washington, U.S.)

·         Oracle Corporation (Texas, U.S.)

·         Salesforce Inc. (California, U.S.)

·         Google LLC (California, U.S.)

·         CA Technologies, Inc. (California, U.S.)

·         SailPoint Technologies Inc. (Texas, U.S.)

·         IBM Corporation (New York, U.S.)

 

Regional Analysis:

The five regions of North America, Europe, Asia Pacific, the Middle East & Africa, and South America make up the scope of the global identity as a service market.

In 2021, North America is anticipated to account for the largest revenue share with a market of USD 1.44 billion. The considerable transition toward cloud-based technology in the region is projected to increase demand among businesses for IDaaS systems. Due to growing need for user identification solutions to reduce security breaches, the United States is projected to hold the largest market share. The exponential growth of personal and significant online data drives the market expansion in North America.

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The Contact Center Software Market refers to a suite of solutions and tools that help companies manage their customer interactions and support operations. These software solutions allow companies to manage and route customer calls, emails, and chats, and provide real-time analytics and reporting on customer interactions.

The market for contact center software has seen significant growth in recent years, driven by the increasing demand for efficient and effective customer support solutions. The market is highly competitive, with a large number of players offering a range of solutions for small, medium, and large enterprises. The increasing adoption of cloud-based contact center solutions and the integration of artificial intelligence and other cutting-edge technologies are expected to drive further growth in the market in the coming years.

 

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Contact center software offers numerous benefits to organizations, including:

 

Improved Customer Experience: Contact center software allows companies to handle customer interactions efficiently, providing quick and accurate responses, which results in improved customer satisfaction.

Increased Productivity: The automation of routine tasks, such as call routing and reporting, frees up agents to focus on more complex customer interactions, increasing overall productivity.

Improved Analytics and Reporting: Contact center software provides real-time analytics and reporting, giving organizations insight into customer behavior and the effectiveness of their customer support operations.

Increased Flexibility: Many contact center solutions are cloud-based, allowing for greater flexibility and scalability, enabling companies to adjust to changes in customer demand.

Better Resource Management: Contact center software helps organizations allocate resources more effectively, reducing costs and increasing efficiency.

Integration with Other Systems: Contact center solutions can often be integrated with other systems, such as CRM, which allows for a more streamlined customer support process.

 

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List of the Key Companies Profiled:

·         Alcatel Lucent Enterprise (France)

·         NEC Corporation (Japan)

·         Mitel Networks Corporation (Canada)

·         Bright Pattern, Inc. (U.S.)

·         Enghouse Interactive Inc. (U.S.)

·         Genesys Telecommunications Laboratories, Inc. (U.S.)

·         Five9 (U.S.)

·         8x8, Inc. (U.S.)

·         NICE Ltd. (Israel)

·         3CLogic (U.S.)

 

Regional Analysis:

North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America are the five main regions that the market has been examined.

The market for contact centre software in North America is anticipated to hold the greatest market share during the time of the forest. As a result of greater innovation and integration in technologies like cloud computing, big data, and AI, the U.S. is anticipated to experience rapid development. Contact centre software now has access to real-time analytics thanks to these developing technologies. Excellent customer service is more important in the BFSI, healthcare, retail, and government sectors.

Similar to the United States, Europe is anticipated to expand steadily over the course of the forecast period due to the expansion of its service-based businesses. The U.K. and Germany are predicted to dominate the local market.

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The virtual reality market has experienced significant growth in recent years, driven by advancements in technology and increased consumer adoption. This has led to a proliferation of VR devices, including head-mounted displays and handheld controllers, as well as a range of VR content across gaming, entertainment, education, and other industries. The market is expected to continue its growth trajectory, with analysts projecting a compound annual growth rate of over 20% through the next several years. However, challenges remain, such as the high cost of VR devices, limited VR content, and concerns around user experience and comfort. Despite these challenges, the VR market represents a promising and rapidly evolving space with numerous opportunities for growth and innovation.


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In 2021, the market for virtual reality was estimated to be worth USD 11.64 billion. The market is anticipated to expand at a CAGR of 45.2% from 2022 to 2029, rising from USD 16.67 billion in 2022 to USD 227.34 billion. The COVID-19 pandemic has been unprecedented and shocking, with demand across all regions being lower than expected compared to pre-pandemic levels. According to our data, the global market showed a 42.2% fall from 2019 to 2020.

The virtual reality market offers numerous benefits, including:

 

Enhanced user experience: VR provides a fully immersive experience, allowing users to feel as if they are physically present in a digital world.

Increased engagement: VR has been shown to increase engagement and motivation compared to traditional forms of media, making it an effective tool for education and training.

Improved accessibility: VR technology is becoming increasingly accessible, making it possible for more people to experience VR content.

Diversified content: VR offers a diverse range of content, from gaming and entertainment to education and healthcare, making it a versatile technology with broad appeal.

Enhanced collaboration: VR can facilitate remote collaboration and communication, allowing people to work together in a virtual environment regardless of their physical location.

Increased efficiency: VR has the potential to increase efficiency and productivity in various industries, including manufacturing and construction, by providing a more immersive and interactive way of working with digital models and simulations.

New business opportunities: The growth of the VR market is creating new business opportunities and enabling companies to reach new audiences.

 

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The following are key drivers for the growth of the virtual reality market:

 

Advancements in technology: VR technology is constantly evolving, with new advancements making VR devices more accessible, user-friendly, and capable of delivering higher quality experiences.

Growing consumer adoption: VR is becoming increasingly popular among consumers, with a growing number of people using VR devices for gaming, entertainment, and other purposes.

Increased investment: Investors and companies are increasingly investing in VR technology and content, fueling further growth and innovation in the market.

Expansion of VR content: The VR content market is rapidly expanding, with new and diverse VR experiences being developed across gaming, entertainment, education, and other industries.

Growing demand for VR in enterprise: VR is becoming an increasingly valuable tool in a range of industries, including healthcare, education, and training, as well as manufacturing and construction.

Increased focus on user experience: Companies are focusing on enhancing the VR user experience, making VR more accessible and appealing to a wider range of users.

Growth of the gaming industry: The growth of the gaming industry, driven by the popularity of VR gaming, is a key driver for the VR market.

 

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List of Key Companies Profiled:

·         Oculus (Meta Platforms, Inc.) (U.S.)

·         Google LLC (Alphabet Inc.) (U.S.)

·         Microsoft Corporation (U.S.)

·         Sony Interactive Entertainment LLC (Japan)

·         HTC Corporation (Taiwan)

·         Samsung Electronics Co., Ltd. (South Korea)

·         Unity Software Inc. (U.S.)

·         Qualcomm Incorporated (U.S.)

·         Nvidia Corporation (U.S.)

·         HaptX Inc. (U.S.)

The Virtual Reality (VR) market has seen significant growth in recent years, and is expected to continue to grow in the future. The VR market is divided into several regions, each with its unique market dynamics, including:


North America: The North American VR market is dominated by the United States, and is driven by the presence of major technology companies and a large consumer base.

Europe: The VR market in Europe is growing at a moderate pace, with countries like the United Kingdom, France, and Germany leading the way in VR adoption.

Asia-Pacific: The Asia-Pacific region is expected to see the fastest growth in the VR market, driven by countries like China, Japan, and South Korea.

Rest of the World: The VR market in the rest of the world, including Latin America, the Middle East, and Africa, is expected to grow at a moderate pace in the coming years.

Overall, the VR market is expected to continue to grow in the future, driven by increasing demand for VR technology in various industries, such as gaming, entertainment, healthcare, and education.


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Feb 2 '23 · 0 comments · Tags: virtual reality market

The size of the worldwide over-the-top services market in 2020 was 38.77 billion USD. The COVID-19 pandemic's effects have been unprecedented and catastrophic on a global scale, with OTT services experiencing a surge in demand in every region. According to our data, the market grew significantly in 2020, by 13.9%, compared to the average annual increase between 2017 and 2019. The market is anticipated to increase at a CAGR of 17.7% between 2021 and 2028, rising from USD 44.54 billion in 2021 to USD 139.00 billion in 2028. When the pandemic is gone, this market's demand and growth rate will resume to pre-pandemic levels, explaining the change in CAGR.


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LIST OF KEY COMPANIES PROFILED:

·         Amazon.com, Inc. (Washington, United States)

·         Netflix, Inc. (California, United States)

·         Hulu, LLC (California, United States)

·         Google LLC (California, United States)

·         Apple, Inc. (California, United States)

·         Facebook, Inc. (California, United States)

·         Telstra Corporation Ltd. (Melbourne, Australia)

·         Rakuten, Inc. (Tokyo, Japan)

·         Roku, Inc. (California, United States)

·         Kakao Corp. (Jeju-si, South Korea)

·         Vimeo Live (New York, United States)

·         The Walt Disney Company (California, United States)

·         Sling TV (Colorado, United States)

·         AT&T TV (WarnerMedia HBO) (California, United States)


The media and communication services that users receive over an internet connection are known as over the top services. The market opportunities are expected to increase as a result of factors such as increasing internet usage, smart TV, smartphones, 5G infrastructure, original media content, and more. The market is projected to develop because to the rapid uptake of internet-based communication applications. The market is anticipated to benefit from a large increase in demand for online streaming content, including movies, live news, and sports, among others. For instance, Firstlight Media and the over-the-top service provider Struum worked together to launch a cloud-native streaming platform in January 2021. The goal of this partnership was to provide content from many platforms with a single Struum membership.


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Driving Factors Over The Top (OTT) Services Market

·         Increasing internet penetration and affordability

·         Growing demand for video content and streaming services

·         Rising adoption of smart devices and connected TV

·         Advancements in technology and multimedia

·         Changing consumer behavior towards on-demand content

·         Favorable government regulations and initiatives

·         Increase in number of original content and partnerships

·         Growing competition and expansion in emerging markets.

 

Regional Analysis:

In the market for over-the-top services, North America is anticipated to become the leading region. The market is constantly expanding because to the large finances and investments that are being made in the content development industry. For instance, the Telecom Advisory Services LLC predicted that in 2019, investments in TV and film programming would be made by Amazon.com, Inc. and Netflix, Inc. The U.S. is expected to control a large portion of the North American market. The region's market growth is being driven by recently launched platform providers in the U.S., including Peacock, Disney+, Quibi, Apple TV, HBO Max, and others.

The projection period is expected to see exponential growth in the Asia Pacific region. According to Capgemini's OTT Study Report, the region has more subscribers than the United States. The market expansion is probably being driven by the highly developed telecommunications and broadcasting industries. Due to the steadily declining pay-TV market, China is predicted to rule the region. India is about to see a remarkable platform expansion. This will probably increase the region's growth prospects.


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Jan 31 '23 · 0 comments

The term "digital payment market " describes the transfer of money using electronic devices like laptops, tablets, and smartphones. The last few years have seen constant advancements in this technology. The digital payment system now offers a wide range of additional payment methods, including online purchases, card exchanging, tapping NFC cards, and code scanning. The adoption of digital payments is being accelerated by these ongoing improvements and a wide range of payment methods. Additionally, the need for digital payments is increasing as internet connectivity spreads to every location imaginable. Users are being encouraged to embrace digital marketing as a result of the widespread use of smartphones.

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Digital wallets and point of sale will likely have the fastest market growth after mobile payment adoption. Market trends include Near Field Communication (NFC) and Quick Response (QR) code technologies. Direct transfers between accounts, either prepaid or bank-based, are possible with a digital wallet. Payment at the point of sale is made at the checkout counter. Many businesses have recently made investments in offering NFC through cards, which allow for the immediate transfer of funds from prepaid accounts. The rise of the digital payment market is being fueled by these diverse payment choices.

List Of Key Companies Profiled:

·         Alipay.com Co Ltd

·         Amazon.com Inc.

·         American Express Co.

·         Facebook Inc.

·         Google Inc.

·         MasterCard International Inc.

·         Microsoft Corporation

·         PayPal Holdings Inc.

·         Paytm

·         Samsung Electronics Co. Ltd.

·         Visa Inc.

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Regional Analysis:

India and Japan are expected to acquire more traction throughout the projection period, and Asia-Pacific is expected to dominate the digital payment industry. In comparison to other regions, the adoption of mobile payments and digital wallets is probably higher in APAC. Due to the increasing smartphone penetration in China and India, both of which have large populations, the market for digital payments has abundant prospects.

After demonetization in 2016, India has turned to mobile payments and digital wallets. The revenue generated by the digital payment market is anticipated to increase in the upcoming years thanks to Indian government initiatives like Digital India. More than 50% of Chinese internet transactions are anticipated to be funded by the e-commerce behemoth Alibaba Ltd.

 

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Jan 31 '23 · 0 comments

To reduce the amount of downtime required for repairs, predictive maintenance solution market is a technique used to monitor the performance of critical machine components in real-time. It aids business owners in determining the operational conditions of the machinery and equipment that help maximise uptime and increase efficiency. By sending out alerts when maintenance is coming due, predictive maintenance technologies help to avoid expensive operational halts and equipment failures.

To increase efficiency, predictive maintenance has always been crucial in factories. Due to a number of advantages, such as less downtime, increased equipment life, improved plant safety, streamlined maintenance schedules, lower maintenance costs, and improved production rate, predictive maintenance solutions are being increasingly adopted by both major corporations and SMEs.

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The key players in the Predictive Maintenance market are:

·         IBM

·         GE Digital

·         Microsoft

·         SAP SE

·         PTC Inc.

·         Honeywell International Inc.

·         Predictive Maintenance Technologies

·         C3 IoT

·         Vodafone

·         ARM Ltd.

 

The major drivers for the Predictive Maintenance market are:

 

·         Growing demand for industrial IoT

·         Increased reliability and efficiency of operations

·         Cost savings through reduced downtime and maintenance costs

·         Government regulations and initiatives promoting the adoption of predictive maintenance

·         Advancements in technology and analytics tools

·         Growing awareness and adoption of Industry 4.0 and digital transformation

·         Increasing use of big data and cloud computing

·         High return on investment (ROI) for predictive maintenance solutions

·         Rising demand for real-time data analysis and monitoring.

Regional Analysis:

Five key regions—North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America—have been used to assess the predictive maintenance industry. These areas are further divided into nations.

 

During the period of forecasting, North America is anticipated to grow the market. North America brought in USD 774.3 million in income in 2018 and is projected to bring in up to USD 5,454.0 million by 2026. Due to the increasing adoption of predictive maintenance solutions that make use of cutting-edge technologies like IoT, cloud computing, machine learning, and artificial intelligence, North America will dominate the worldwide predictive maintenance market during the forecast period (AI). To pinpoint operational performance aspects and enhance maintenance procedures, businesses in the region are embracing predictive maintenance solutions.

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Jan 31 '23 · 0 comments

Businesses have come to the conclusion that demanding a username and password for confirming the identities of users accessing resources is insufficient as the number of apps, systems, and data has expanded.

In 2020, the identity and access management market  was worth USD 12.26 billion. The market is anticipated to increase at a CAGR of 14.5% between 2021 and 2028, rising from USD 13.41 billion in 2021 to USD 34.52 billion in 2028. The COVID-19 epidemic has had an unprecedented and overwhelming impact on the world, and identity and access management has seen steady expansion in every region as a result. According to our data, the global market showed a notable increase of 9.1% in 2020 compared to the typical annual growth throughout the years of 2017 to 2019. When the pandemic is finished, this market's demand and growth will resume to pre-pandemic levels, which will explain the increase in CAGR.

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List Of the Key players in Identity And Access Management  Market:

·         Amazon Web Services Inc. (Washington, U.S.)

·         Akamai Technologies (Massachusetts, U.S.)

·         HP Development Company L.P. (California, U.S.)

·         Microsoft Corporation (Washington, U.S.)

·         Oracle Corporation (Texas, U.S.)

·         IBM Corporation (New York, U.S.)

·         ForgeRock (California, U.S.)

·         Thales Group (Paris, France)

·         Avatier (California, U.S.)

·         Symantec (Arizona, U.S.)

·         Beta Systems (Berlin, Germany)

·         CA Technologies (New York, U.S.)

·         Centrify (California, U.S.)

·         CyberArk (Massachusetts, U.S.)

·         Core Security (Massachusetts, U.S.)

·         Crossmatch (Florida, U.S.)

 

Regional Analysis:

The market is geographically divided into five main areas, including North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. They are further divided up into nations.

 

In 2020, North America is anticipated to hold the largest market share. The use of remote work, cloud technologies, and an increase in cyberattacks are all contributing factors to this region's rise. The presence of important businesses like Amazon Web Services Inc., Akamai Technologies, HP Development Company L.P., Microsoft Corporation, Oracle Corporation, IBM Corporation, and others in the area also contributes to the market growth.

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 The key benefits of the Identity and Access Management (IAM) market include:

·         Improved security: IAM solutions provide secure authentication and authorization for users and devices, helping to protect against unauthorized access and data breaches.

·         Compliance: IAM solutions help organizations comply with various security and regulatory requirements, such as HIPAA, PCI-DSS, and SOX.

·         Increased efficiency: IAM solutions automate many of the manual processes involved in managing user identities and access rights, reducing the administrative burden on IT teams.

·         Better control over access: IAM solutions enable organizations to easily manage and monitor user access to systems, applications, and data, providing greater visibility and control over who has access to what.

·         Improved user experience: IAM solutions provide users with a single sign-on (SSO) experience, allowing them to access multiple systems and applications with a single set of credentials, resulting in a better user experience.

·         Reducing risk of insider threats: IAM solutions provide detailed logs of user activity, which can be used to detect and investigate insider threats and data breaches.

·         Reducing cost: IAM solutions can also help organizations reduce costs by reducing the need for multiple usernames and passwords, reducing the need for helpdesk support, and reducing the need for expensive security hardware and software.

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Jan 23 '23 · 0 comments

In 2021, the for wireless audio devices market was estimated to be worth USD 40.58 billion. The market is anticipated to expand at a CAGR of 17.1% from 2022 to 2029, rising from USD 47.37 billion in 2022 to USD 143.41 billion in 2029. According to our data, the global market for wireless audio devices grew by an average of 16.5% in 2020 compared to 2019.

Since a few years ago, wireless speakers have been increasingly popular. Users may now stream audio to speakers from a variety of devices utilising a wireless connection. The popularity of Bluetooth speakers has significantly increased recently, along with advancements in Bluetooth protocol and the standardisation of A2DP (Advanced Audio Distribution Profile).

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Another important element boosting the development of the wireless audio device market is the evolving technology of these devices, which have several applications in consumer, commercial, automotive, and other fields. Additionally, customer preferences for portable devices, advances in wireless technology, and rising demand for smartphones as a source of entertainment are propelling growth in this market.

List of key Players:

·         Apple Inc. (U.S.)

·         Samsung Electronics Co., Ltd. (South Korea)

·         Logitech International S.A. (Switzerland)

·         Sennheiser Electronic GmbH & Co. KG (Germany)

·         Sony Group Corporation (Japan)

·         Zound Industries International AB (Sweden)

·         Sonos, Inc. (U.S.)

·         Panasonic Corporation (Japan)

·         Shure Incorporated (U.S.)

·         Bose Corporation (U.S.)

                                                   

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Highlight of this report:

·         The wireless audio device market has seen significant growth in recent years, driven by advancements in technology and the increasing popularity of streaming services.

·         Wireless earbuds and headphones have become particularly popular, with many consumers preferring their convenience and portability over traditional wired options.

·         The market is expected to continue growing in the coming years, driven by the increasing adoption of wireless technology and the development of new, innovative products.

·         Key players in the market include Apple, Samsung, Bose, and Sony.

·         Incorporation of smart features, such as voice assistants and fitness tracking, has further increased demand for these devices.

 

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Jan 22 '23 · 0 comments · Tags: wireless audio device market
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