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Market Highlights
3D technology is the three-dimensional representation, modeling, printing, projection, and rendering of objects to provide in depth perception, which is closer to being real in a two-dimension plane. The global 3D technology market is anticipated to grow at a 15 % CAGR between the forecast period of 2016 and 2022.
Growing Entertainment Industry Coupled With Technology Development Are The Prime Driver Of The Market
The explosive growth of the entertainment industry especially gaming and associated technologies such as the development of microarchitecture design, growing digitization, and adoption of smart devices, employing virtual reality are the significant drivers of the market.
Technological advances such as head mounted displays, development of focus tunable displays coupled with demand for improved user experience are other factors driving the market. Development of light field cameras, which can re-focus pictures, by using a microlens array and particular light field sensor permitting multidimensional light field to be recorded, is a necessary antecedent. Eye tracking technology is a critical development which is expected to change the outlook of the sector.
Growing Adoption And Applications In An Array Of Industries Is Expected To Drive A Momentous Demand
Competitive Dashboard:
Some of the prominent vendors operating in the 3D technology market are – 3D Systems, Inc. (U.S), 3D Hubs (Netherland), WASP 3D (Italy), Voxel8, Inc. (U.S), Faro Technologies, Inc. (U.S.), Hexagon AB (Sweden), HP Development Company, L.P. (U.S), Panasonic Corporation (Japan), ExOne (U.S), Sony Corporation (Japan) and others.
The explosive adoption of virtual reality in a host of applications ranging from aerospace, defense, gaming, training, industrial, medical sector, consumer electronics and others are driving a faster growth. Demand for better user experience has led to the adoption of the technology in new generation PC especially for designing and architectural application.
The 3D images are more interactive and closer to reality, which allows for greater accurate and precise representation of the object. Growing need for precise surveying and increasing application expanse such as geography, atmospheric research, meteorology, archaeology, astronomy, geology, seismology, and forestry is the prime driver of the market. The ability to develop high-resolution maps and mapping hidden morphological structures not possible by conventional technology is the excellent advantage of 3D.
High Installation And Maintenance Cost Coupled With The Nascent Stage Of The Technology Is A Prime Restraint On The Market
The high cost of installation and maintenance, high degree of secrecy owing to the strategic nature of 3D technology hampers the development of the market.
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Segmentation:
To gain a 360-degree view of the global 3D technology market, the report is segmented based on product type, application, and region.
Based on the product type, the market is segregated into the 3D printer, 3D scanner, 3D glasses, 3D camera, 3D image designing, and 3D display technology.
Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.
Based on the applications, the market is segregated into healthcare, media and entertainment, government, aerospace & defense, manufacturing, architecture, and others
Regional Analysis:
North America led by the U.S. accounts for the largest market for 3D technology. The adoption of 3D technology as a strategic arena by the U.S. Geological Survey Experimental Advanced Airborne Research is an example of the dominance of the U.S. The European market is dominated by Germany, France, and the U.K. The applications of 3D in designing is the fastest applications expanse of 3D in Europe.
The Asia- Pacific market is led by China, Japan, and India and is expected to be the fastest growing market. The Middle East and Africa market are dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Highlights
Market Research Future (MRFR) expects the global workflow management system market to generate a revenue of more than USD 2.4 billion at a CAGR of more than 19.14% from 2020 to 2027 (forecast period).
Workflow Management System (WFMS) is a workflow application design that provides software for managing work, configuring algorithms, and creating monitoring systems. As a workflow is designed to integrate the real-life scenario, WFMS is commonly used to improve performance. Maintaining a workflow management system is critical for dealing with the rapidly evolving business flow in small and large businesses. Many businesses around the world have quickly adapted to the changing dynamics of the workflow industry in order to streamline processes and provide easy access to data.
The increase in the adaptive environment and constant access to technology, data, and information, as well as the data and evolving nature of the industry, are the main drivers of the workflow management system market. The competitive spirit between the companies because of technological advancements in studying and adopting automation tools to perform tasks has paved the path for the global workflow management system industry in the world.
COVID-19 Impact on the Global Workflow Management System Market
Since its outbreak in November of 2019, the COVID-19 virus has been identified as one of the deadliest viruses that have shaken the planet. The world witnessed a lack of social, economic, and political development in countries all over the world. COVID-19 had a major influence on people's lives. People witnessed a tragedy that left them in utter despair. In some places, there was a loss of life, and in others, there was a loss of zeal and love for a living. Lockdowns were placed to contain the virus, but it had a mental, physical, and emotional impact on people. Workflow management system, although didn’t have any fall in market dynamics. It was a boon in these trying times. With companies transitioning to cloud computing were freely adapting to the workflow management system to maintain continuity of data and reduce human error.
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Regional Analysis
By region, the global workflow management system has been segmented into North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
For nearly a decade, North America has dominated the industry. North America accounts for 48% of the global workflow management system market. Automation, cloud computing, continuous data availability, and improved process management have all strengthened the market in the American region. Investment in IT services has resulted in the expansion of the workflow management system market in Europe and the Asia Pacific. In the forecast year, Asia Pacific will have the highest CAGR. Because of their massive economic growth, high product demand, and high solution and problem-solving techniques, China, Japan, and India are the prominent leaders in the Asia Pacific region.
Segmentation:
The global workflow management system has been segmented into deployment, component, and vertical.
By deployment, the global workflow management system has been segmented into on-premise, cloud, and hybrid.
By component, the global workflow management system has been segmented into software and services.
By vertical, the global workflow management system has been segmented into transportation, healthcare, IT and telecommunications, retail, BFSI, defense, automotive, and others.
Key Players
Notable market players are IBM Corporation (US), Nintex Global Limited (US), Oracle Corporation (US), Xerox Corporation (US), Source Code Technology Holdings Inc. (US), Bizagi (UK), Software AG (Germany), Appian (US), Pegasystems (US), Newgen Software Technology, Zoho, and many others.
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Workflow Management System Market, By Deployment (On-Cloud, On-Premises), By Component (Software, Service), By Vertical (BFSI, Healthcare, Retail, IT/Telecom). - Forecast 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
The growth of cloud technology has substantially impacted the global cloud API market. Market Research Future has discovered through intensive research that, the global cloud API market is poised to grow at a CAGR of 20% during the review period from 2016 to 2022. Cloud API or cloud application programming interface (API) is a type of API which allows the development of applications and other solutions as well as services for the provisioning of cloud hardware, software, and platforms. Essentially cloud API is a key component of any public cloud solution and is indispensable for the same.
Cloud APIs are available according to service or solution and include infrastructure as a service, software as a service, and platform as a service. Each performs vital functions in an enterprise and overall have been witnessing high adoption rates across the globe. The increasing focus on improving operational efficiency and reducing operational costs has been a significant boost to the growth of the global cloud API market. IaaS API's provide storage and raw computing, while SaaA APIs provide connectivity and software interaction, each API playing an important role. This has made it easier for small and medium enterprises to use these APIs as they do not require infrastructure and can be tailored to suit enterprise needs. The fact that cloud APIs are highly flexible is a huge advantage which encourages the market's growth. Additionally, the increasing number of applications being built using microservices architectural design is a major driver of the market. With new developer tools being launched and a strong presence of market players which are cornering niche cloud platform providers are expected to improve the market's opportunities in the future.
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Segmentation:
The global cloud API market has been segmented into 3 key components. These have been determined on the basis of end-users, verticals, and region. End-users of cloud API include large enterprises and small & medium enterprises.
Verticals, where cloud APIs are extensively employed, include BFSI, healthcare, manufacturing, IT & telecommunication, education, media & entertainment, and others.
The key regions covered in MRFR's report on the global cloud API market include North America, Asia Pacific, Europe, and the Rest of the World.
Regional Analysis
Due to the presence of many market players and the advanced nature of the regions technological adoption, the North American market has secured a leadership position for itself in the global cloud API market. Microservices are being adopted on a wide scale by organizations of every size in the region. Europe follows North America and has the second largest share of the global cloud API market.
The Asia Pacific is projected to witness high potential for growth and offer the global market a number of opportunities in the coming years. China, Japan, and India are just some of the leading countries in the region where implementation of cloud API is happening increasingly. Increased demand for operational efficiency in the region's enterprises will likely be a significant source of market growth.
Key Players
TIBCO Software Inc., Microsoft Corporation, CA Technologies Inc., VMware, Inc., Red Hat, Inc., International Business Machines Corporation, Oracle Corporation, Amazon Web Services, and Google Inc. are among the prominent players present in the global cloud API market. These players have been analyzed for their role in the market's competitive profile, and their successful growth strategies have been identified and recorded in MRFR's report.
Latest Industry News
CareCloud has joined Google's cloud healthcare API to offer increased interoperability and improve patient experience.
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Cloud API Market by End-Users (Large Enterprises and Small & Medium Enterprises) and Vertical (BFSI, IT and Telecommunication, Manufacturing, Education, Healthcare, Media & Entertainment and Others) - Forecast to 2026
About Market Research Future:
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
Human capital management (HCM) is comprehensive software used for optimizing recruitment, management, and development of human resources of a corporation. The worldwide human capital management software market is anticipated to get USD ~24 billion by 2023, and grow at a CAGR of ~9% between the forecast periods of 2017-2023.
Industry trends
May 2017 - Saba’s completed acquisition of Halogen Software so on cash in of complementary expertise of both companies, generate greater value and innovation, and market development to interrupt out of the North American market.
September 2016 - Cornerstone on Demand, launched people analytics suite which can benefit the organizations from the real-time data of individuals afforded by its cloud platform.
Market Dynamics of Human Capital Management Software Market:
Drivers
Increasing number and size of organizations is that the greatest driver of the market. The rapid manpower growth has increased the complexity, need for documentation, and wish for efficiency in human resource management operations. The growing information adoption technology is another strong driver of the market. Thus the falling marginal cost to serve additional objectives of a corporation with a robust initial I.T. base may be a very attractive proposition for the market. Technological convergence between other I.T. systems and therefore the growing power of analytics has added to the opposite benefits of the market. The greater efficiency and optimization of workforce leads to greater returns on investments, and negates the value of installation and maintenance. The growing need for continuous performance management to take care of employee morale and wish for faster appropriate decisions supported the performance is other driver of the market. Growing mergers and acquisitions is another market opportunity because it leads to larger workforce with concurrent increase in human resource management complexity like demand for transparent processes. The greater buying power of the merged companies also acts as a driver of the market.
Restraints
High cost of installation and maintenance and therefore the need for strong in-house I.T. skills is that the critical restraint of the market. Opposition from labor organizations, constant need for data upgrade, data security concerns and lack of trained manpower are another constraints of the market.
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Global Human Capital Management Software Market, By Software (Core HR, Workforce Management, Staffing Vendor Management), Services (Integration, Consulting), Deployment (on Premise, On Cloud), End User (Healthcare, Telecom, Energy) Forecast till 2023
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
The global cloud radio access network is predicted to touch USD 14 billion at a whopping 21% CAGR between 2016- 2022, states the recent Market Research Future (MRFR) analysis. A cloud radio access network or C-RAN, simply put, is architecture for various cellular networks that are based on cloud computing. This is basically a radio access network that supports 2G, 3G, 4G & other emerging wireless communication standards. C-RAN benefits the user in multiple ways by offering low cost, high bandwidth, low latency, and high reliability. Remote radio head (RRH), optical transmission network (OTN), and baseband unit (BBU) are its different components, and its different services include customer service, system integration, and network service.
Various factors are propelling the global cloud radio access network market share. According to the recent MRRF report, such factors include the rapid growth in capital expenditure, fall in operational expenditure, constant advances in telecommunication and wireless technology that helps to improve the accessibility of 4G & 5G, and a burgeoning need for cost-effective & energy-efficient power resources. These factors are also adding to the global wireless RAN market and also radio access network cloud application market growth.
On the contrary, concerns about security standards, government regulations, and the impact of the COVID-19 pandemic are factors that may limit the global C-RAN market growth over the forecast period.
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Segmentation:
The MRFR report highlights an inclusive segmental analysis of the global cloud radio access network market based on component and service.
By component, the global cloud radio access network market is segmented into remote radio head (RRH), optical transmission network (OTN), and baseband unit (BBU). Of these, the remote radio head segment will lead the market over the forecast period.
By service, the global cloud radio access network market is segmented into customer service, system integration, and network service.
Regional Analysis
Based on the region, the global cloud radio access network market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. The surging popularity of tablets, smartphones, and other gadgets, increasing investments in the cloud radio access network space, early commercialization of 5G technology, and increasing deployment of C-RAN architecture is adding to the global cloud radio access network market growth in the region.
The cloud radio access network market in North America is predicted to have healthy growth over the forecast period. Strong initiatives to deploy 5G for improving the performance of IoT, autonomous cars, & other advanced technology, significant investments and trials of C-RAN architecture in the US, focus on innovations obtained from R&D, and technological advances are adding to the global cloud radio access network market growth in the region.
The cloud radio access network market in Europe is predicted to have sound growth over the forecast period. The presence of multiple C-RAN services and solutions providers offering advanced cloud radio access networking solutions, increasing investments in the telecom industry, and rapid use of 5G technology are adding to the global cloud radio access network market growth in the region.
The global cloud radio access network market in the Rest of the World is predicted to have steady growth over the forecast period.
Key Players
Eminent players profiled in the global cloud radio access network market report include Xilinx, Inc. (U.S.), NEC Corporation (Japan), Panasonic Corporation (Japan), ZTE Corporation (China), Hitachi, Ltd. (Japan), Ericsson (Sweden), Huawei Technologies Co. Ltd. (China), Alcatel-Lucent S.A. (France), Agilent Technologies (U.S.), Intel (U.S.), and International Business Machines Corporation (U.S.).
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Cloud Radio Access Network Market, By Component (Baseband unit (BBU), Optical transmission network (OTN) and Remote radio head (RRH)), By Service (Network Service, System Integration, Customer service) - Forecast 2022
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
According to the report published by Market Research Future (MRFR),The industrial IOT platform market size is required to develop at USD - 650 million before the finish of 2022 with - 23% of CAGR.
Drivers and Restraints
Factors such as the high efficiency, low breakdown of machineries and high efficiency are some of the major driving factor which are directly associated with the industrial IoT whereas government rules regarding technological advancements, the usage of automation in the industrial process, increasing demand for industrial process are also some of the direct factors which is aiding into the market growth. Moreover, the expansion of machine learning and improved Big Data Analytics will allow the business to decide the best operating profile for the plant-based on the order backlog and reliability issues. All these factors are slated to be highly instrumental in increasing the growth of the market in the foreseeable future.
Industrial IoT market has seen massive opportunities in the future, higher demand and low supply, growing IT and Semiconductor industry, higher demand for consumer electronics devices will also lead to the higher adoption of industrial IoT to meet demand whereas factors such as the price and need for technological knowledge will likely hamper the market growth during the review period. On the other hand, a significant trend in the name of digital twins in asset-intensive industries is set to emerge. It is about maintenance-focused applications like the superimposition of operating conditions on virtual X-rays of the equipment, which assists technicians in diagnosing the twin to model estimated service life. therefore, the market is well on its way to greater horizons in terms of growth.
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Competitive Analysis
The major market players identified by MRFR in the global industrial IoT platform market include Oracle's Utilities Meter Data Management (MDM), Utilities Smart Grid Gateway (SGG), and different Utilities items, alongside Huawei's AMI arrangement, among others.
Segmentation:
Based on the components
Based on the applications
Based on the industry verticals
.
Regional Analysis
On the basis of region, the global market for industrial IoT has been segmented into four major regions, namely, the Asia Pacific, North America, Europe, and the rest of the world.
Asia-Pacific is estimated to dominate the global market of the Industrial IoT Platform. The higher population and high consumption of electronic devices in Asian countries are supporting the market share. China is one of the biggest manufacturing-driven economies. The well-established consumer electric industry and high supply are leading to high adoption of industrial IoT platform whereas the lucrative automotive sector in South Korea and Japan is also supporting the market growth.
North America stands as second largest market of industrial IoT platforms due to the massive investment in technology startups from the past several years. North America is one of the developed nations which holds advanced technologies which is not available to other developing countries. established defense sector and manufacturing industry is leading to the high growth of the North America Industrial IoT Platform Market.
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Industrial IoT Platform Market, By Component (Hardware, Software), By Application (Asset Management, Remote Monitoring, Network System Management), By Verticals (Manufacturing, Power and Utilities, Aviation, Oil and Gas) - Forecast 2016-2022
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Highlights
The recent COVID-19 outbreak has had a profound impact on a number of industries, which also includes the ICT sector. Telecom cloud is one such market that can be drastically affected by the growing pandemic, with the biggest challenge being faced by the vendors in the form of the fragile supply chain network. With that said, compared to others, the telecom cloud market can note significant boom in the coming years. With cloud computing gaining momentum in the telecom industry, data and the application areas are rapidly shifting from on-premise to cloud, which helps the users connect using the data on the server. This is especially instrumental during these times, when work from home has become the most prevalent means of carrying out all the operations.
As per the current report by Market Research Future (MRFR), the global cryogenic equipment market is expected to record up to USD 29 billion by 2022 from the USD 9 billion recorded in 2016, at a 20% CAGR during the forecast period.
Demand for telecom cloud services has escalated among enterprises and consumers in the worldwide lockdown situation, largely on account of the rising need for collaborative tools for virtual schooling, group video conferencing, gaming and entertainment. The cloud-technology is being increasingly deployed across telecom organizations, which has led to more use of the internet and has prevented the requirement for high priced hardware to stay connected globally. Several government agencies as well as public enterprises reply on essential information infrastructure services, which benefits the market. They are also opting for cloud services with the aim to fulfill all the requirements arising during business operations.
Escalating demand for reduction in administrative and operational costs, mounting awareness among enterprises about telecom cloud and the rising demand for over the top cloud services also induce market growth. Given the rapid surge in the demand for user-friendly and cost-effective browser-based communication services and solutions, renowned vendors are prompted to come up with WebRTC solutions as well as services. This is deemed to have a positive impact on the market growth for telecom cloud in the following years.
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Regional Insight
The growth of the telecom cloud market over the forecast period will be apparent in the main regions of APAC or Asia Pacific, Europe, North America, and RoW or the rest of the world.
In the approaching years, the top position is anticipated to be clinched by North America, as the telecom cloud market benefits from presence of large organizations with high technical brilliance that offer innovative and advanced technologies. The region’s dominance is also the result of the rising mobility along with the increasing use of smart mobile devices among employees of the enterprises in the U.S and Canada.
The APAC market can experience considerable boost in the years to come, due to the surge in government regulations that drive the adoption rate of the latest technologies, one of which is the cloud technology. The trend of connected devices has picked up speed among the telecom operators, who leverage the boom in cloud services in the region. The increasing investments in data centers, and the rising preference for cloud infrastructure among SMEs and large organizations can also favor the regional market during the evaluation timeline.
Leading Companies
A few of the leading companies that are working on getting a hold of a better position in the telecom cloud market industry include Telstra Corporation Limited (Australia), Telus Corporation (U.S.), Verizon Communications, Inc.(U.S.), AT&T Inc. (U.S.), T-Mobile International AG (Germany), CenturyLink, Inc.(U.S.), China Telecommunications Corporation (China), NTT Communications Corporation(Japan), BT Group PLC (U.K.), Fusion Telecommunications International, Inc.(U.S.), to mention a few.
Segmentation:
The telecom cloud market has been analysed on the basis of applications, solutions, services, end-users and cloud platforms.
The services segment of the market comprises of network as a service and communication as a service.
The segmentation of the telecom cloud market on the basis of applications encompasses billing, customer management & provisioning, and traffic management among others.
The solutions segment consists of Content Delivery Network (CDN), WebRTC, Unified Communication and Collaboration (UCC), and Over-the-Top (OTT), among others.
The cloud platform segment consists of SaaS, PaaS, and IaaS. The end-users segment includes healthcare, banking, government, transportation, and entertainment among others.
Recent Developments
April 2020
Vodafone Group has cut down on the use of VMware's network virtual infrastructure, mainly in 21 markets across Europe. This has resulted in 50% drop in the cost of the overall core network functions. This move has helped the telecom vendor to curb manual intervention significantly, which is ideal during the coronavirus pandemic.
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Global Telecom Cloud Market, by Services (Communication as a Service, Network as a Service), by Applications (Billing, Customer Management, Provisioning & Traffic Management), by Cloud Platform (SaaS, PaaS, IaaS) - Forecast 2022
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
The upsurge in connected IoT devices is estimated to direct the development of the IoT analytics market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A USD, 58.4 billion revenue level, is forecasted by 2025, with the support of a 30.9% CAGR.
The surge in demand for real-time monitoring and distribution of data is projected to motivate the market for IoT analytics globally. The market is estimated to develop exponentially as a result of the long term effect of the ongoing COVID -19 analysis.
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Competitive Analysis
The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation. The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period. The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.
The well-known companies active in the IoT Analytics market are Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), PTC Inc. (US), Dell Technologies Inc. (US), Accenture PLC (Ireland), Google LLC (US), Greenwave Systems (US), Amazon Web Services (US), Cisco Systems Inc. (US), HPE Company (US), IBM Corporation (US), Hitachi, Ltd. (Japan), Teradata Corporation (US), Salesforce.com, Inc. (US), Siemens AG (Germany), and Mnubo (Canada).
Segmentation:
The segmental study of the IoT analytics market has been segmented into analytics type, deployment, component, organization size, application, and industry vertical. The component-based segmentation of the IoT analytics market has been bifurcated into software and services. The deployment based segmentation of the IoT analytics market comprises of on-premise and on-cloud. Based on analytics type, the IoT analytics market has been segmented into prescriptive analytics, descriptive analytics, and predictive analytics. On the basis of organization sizes, the IoT analytics market has been split into SMEs and large enterprises. The application basis of segmenting the IoT analytics market has been segmented into predictive maintenance & asset management, energy management, inventory management, security and emergency management, infrastructure management, sales & customer management, and remote monitoring. Based on the industry verticals, the IoT analytics market has been segmented into government & defense, telecommunications & IT, retail & e-commerce, healthcare & life sciences, energy & utilities, transportation & logistics, manufacturing, and others.
Detailed Regional Analysis
The regional assessment has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The analysis of the IoT analytics market is likely to develop at a noteworthy rate all through the forecast period. The market in the North American region is anticipated to direct the IoT analytics market all through the forecast period owing to the existence of different industries, such as manufacturing, healthcare & life sciences, retail and e-commerce, and telecommunications & IT. Besides, the region also has an intense infrastructure, which consists of smart homes and smart factories, which permits companies to expand new solutions and technology for its compatibility with the IoT analytics. The businesses and factories in the region are employing IoT analytics to perk up their working efficiency and resolve the issues connected to any system in real-time, which lifts the general productivity of the work.
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IoT Analytics Market Research Report: Information by Component (Software and Service), Deployment (On-Premise and On-Cloud), Analytics Type (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Application (Energy Management, Predictive Maintenance and Asset Management, Inventory Management, Security and Emergency Management, Sales and Customer Management, IT Infrastructure Management, Remote Monitoring, and Others), Industry Vertical (Manufacturing, Retail and eCommerce, Government and Defense, Healthcare and Life Sciences, Energy and Utilities, Telecommunications and IT, Transportation and Logistics, and Others), Organization Size (Large Enterprise and SMEs), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2025
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
The global Mobile Application Development Market, according to the analysis of Market Research Future (MRFR), is slated to reach a substantial market valuation, and grow at a moderate CAGR of more than 14% over the review period of 2016 to 2022.
Drivers and Restraints
The key driving factor that drives the growth of the Mobile App Development Market is the growing IoT market, high market penetration of smartphones, and higher usage of mobile apps, especially for applications such as games, e-commerce, media, and social networking. The Global Mobile App Development Industry is majorly driven by the deployment of new technologies, changing lifestyles, and rising adoption by corporates to simplify their daily tasks. Moreover, the increasing adoption of machine learning and the addition of machine learning into mobile applications is also responsible for the market growth of the mobile application development market. The global Mobile Application Development market is highly competitive owing to the increase in web-based applications and Government funding towards secured centrally connected systems.
The growing competition and the demand for high-quality application testing are boosting the market growth of Mobile Application Development. Moreover, the companies are investing the research and development to come up with new solutions for the consumers. Emerging advancements in the mobile industry are prompting the developments in mobile applications. On the other hand, the lack of technical expertise and high-cost involvement in app development are the major restraints of market growth.
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Competitive Analysis
Some of the significant market players identified by MRFR in the Global Mobile Application Development Market include Amazon, Inc. (U.S.), Google, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Apple, Inc. (U.S.), Kony, Inc. (U.S.), Facebook, Inc. (U.S.), Infosys, Ltd. (India), Verivo Software, Inc. (U.S.), and Wipro Corporation (India) among others.
The global mobile application development market has highly competitive dynamics. Thus, the market players are increasing their investments towards research and development and marketing activities to maintain their position in the market over the review period. Moreover, there is an expected rise in mergers, acquisitions, strategic business partnerships, and joint ventures, to maintain the competitive nature of the market in the foreseeable future.
Segmentation:
The market for mobile application development has been segmented on the basis of platform, into IOS, and Android. The global mobile application development market has been segmented on the basis of application, into banking, Entertainment (Gaming and media), retail, e-commerce, airlines, government agencies, education, and social networking, among others. The entertainment and e-commerce segments are leading the market share at present, and are expected to witness maximum growth over the review period.
Regional Analysis
The regional analysis of the global mobile application development market is conducted in Europe, North America, the Asia Pacific, and the rest of the world.
North-America is leading the global mobile application development Market with the largest market share and is poised to grow over its preceding growth records, and reach a positive growth trajectory by 2022. This is attributed to the growing adoption of new solutions, changing lifestyles, and increasing consumer preference for smartphones.
The European mobile application development market size is slated to reach a considerable CAGR over the assessment period. This is accredited to the rise in IT technology and an increasing population, which is growing the demand for smartphones, laptops, and tablets in the region.
The Asia Pacific market is slated to be the fastest-growing market over the review period. Mobile Application Development Market in the Asia-Pacific market is expected to grow at a substantial CAGR over the forecast period owing to rapid technological advancements and China being the manufacturing hub.
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Global Mobile Application Development Market, by Platform (IOS, Android), by Application (E-commerce, Banking, Entertainment (Gaming, Media), Education, Government Agencies, Airline Industry) - Forecast 2022
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Highlights
Runtime application self-protection (RASP) is a technology that runs in real-time to protect the application in real-time from malicious attacks. It resides on a server and protects organizations from compromising their data and applications. Huge need for security measures in enterprises can drive its requirement in corporations. The global runtime application self-protection market is expected to exhibit 33.3% CAGR over the forecast period (2017-2022), according to Market Research Future (MRFR). It can reach a value of USD 1,240.1 million by 2022. MRFR’s reports on various industry verticals covers dynamic variables such as drivers, trends, opportunities, and challenges as well as estimations on its rise and fall for investors and companies.
Market Scope
The global runtime application self-protection market is bound to balloon over the forecast period owing to security measures taken by organizations for predicting online attacks. RASP can distinguish between actual attacks and requests for information with high accuracy. Rising cases of data theft and malicious attacks are likely to drive the market demand significantly. The need for inspecting network traffic and content processing can favor the market. Implementation of BYOD policy is likely to spur the demand in RASP market. It can limit challenges posed by employees’ personal devices and provides ample protection.
The COVID-19 pandemic is expected to be lucrative for the industry as employees work from home and use private networks for exchanging information. Rise of data breaches as well as protection for enterprise applications can drive the need for runtime application self-protection (RASP). Small and medium enterprises are likely to unroll policies for recognizing and mitigating possible attacks.
But the dip in application performance during the running of RASP can hamper market growth.
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Competitive Scope
Hewlett-Packard, IMMUNIO, VASCO Data Security International, Inc., Veracode, WhiteHat Security, Waratek, Promon AS, Optiv Inc, Wipro, Prevoty, and Cigital, Inc. are notable names of the global runtime application self-protection market. Companies are launching new releases of security software focusing on covering latest programming languages and cloud applications.
Segmentation:
By component, it is bifurcated into solutions and services. By solutions, it is further divided into mobile applications, web applications, and others. The services segment is similarly divided into managed services and professional services.
By deployment, it is divided into on-premise and on-cloud. The on-cloud segment is likely to gain traction over the global runtime application self-protection market. This is attributed to rising use of cloud computing and focus of organizations on lowering operational expenses. Cloud-based RASP can be accessible to customers and assist in protecting organizations in adhering to strict regulations for protecting sensitive applications.
By organization size, it is segmented into small & medium enterprises and large enterprises.
By vertical, it is segmented into government, healthcare, manufacturing, retail, BFSI, IT & telecommunications, and others.
Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions covered for outlining the prospects of the global runtime application self-protection market.
North America is anticipated to dominate the market owing to flexible policies for employees to improve productivity and presence of prominent security providers. Acquisitions are likely to be witnessed in the region as exemplified by the acquisition of Immunio, Inc., by Trend Micro Inc. The platform offers protection services against online attacks and covers weaknesses such as code vulnerabilities and poor authentication.
APAC, on the other hand, is deemed to display a robust growth rate over the forecast period. This is attributed to employers investing in RASP policies. Increasing dependence on the internet and investments in cybersecurity due to large number of attacks can drive the market demand. Policies supporting data privacy in Japan and Australia can also influence the market’s expansion ambitions.
Industry News
Imperva Inc., has launched its latest version of the RASP software for protecting cloud-native applications and secures their deployment.
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Runtime Application Self-Protection Market Research Report: By Component (Solution, Service), Deployment (On-Premise, On-Demand), Organization Size (SME, Large Enterprise), Application (Government, Banking, Healthcare) - Forecast till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.