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Artificial Intelligence (AI) Chip Market
April, 2024

New York, April 2024: According to a new research study by Global Insight Services (GIS), the global Artificial Intelligence (AI) Chip Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 23.3 billion by 2033.

Artificial Intelligence (AI) Chips are a type of specialized computer chip designed for processing and executing Artificial Intelligence (AI) algorithms and applications. AI chips are designed to quickly process complex data sets and provide more accurate results than traditional computing systems. AI chips are typically used for applications such as computer vision, natural language processing, and robotics.

AI chips are specifically designed to process data faster and more efficiently than traditional processors. This is achieved by using specialized hardware such as dedicated AI cores, specialized memory architectures, and advanced algorithms. AI chips are also designed to be more energy efficient than traditional processors, as they are able to process data more quickly and efficiently.

AI chips are used in a variety of applications, from autonomous vehicles to smart home devices. AI chips are also used in many industrial applications, such as robotics, automated production, and predictive maintenance. AI chips can also be used in medical applications, such as medical image analysis, drug discovery, and medical diagnosis.

AI chips are an important part of the future of computing, as they are able to process data more quickly and accurately than traditional processors. AI chips are also more energy efficient and can be used in a variety of applications, from autonomous vehicles to medical diagnosis. AI chips are an important part of the future of computing, as they are able to provide more accurate results and faster processing than traditional processors.

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Artificial Intelligence (AI) Chip Market: Key Trends and Drivers

The following are some of the key trends in AI chip technology.

The first trend is the emergence of specialized AI chips. As AI technology becomes more complex, the need for specialized chips to handle the increased complexity is becoming more apparent. Companies like NVIDIA and Intel are developing specialized AI chips that can handle more complex tasks than general-purpose chips. These specialized AI chips are becoming increasingly popular as they are more efficient and can process data faster than traditional chips.

The second trend is the development of neuromorphic chips. Neuromorphic chips are AI chips that are designed to mimic the human brain’s neural networks. These chips are able to process data in a more natural and efficient way than traditional chips by creating an artificial neural networks. This makes them well-suited for tasks such as image recognition, natural language processing, and robotics.

The third trend is the use of cloud-based AI chips. Cloud-based AI chips allow users to access AI technology without having to purchase and install specialized hardware. This makes AI technology more accessible to companies and individuals who may not have the resources to purchase and maintain a dedicated AI chip.

The fourth trend is the development of AI accelerators. AI accelerators are chips that are specifically designed to speed up the processing power of AI applications. They are becoming increasingly popular as they can significantly increase the speed and efficiency of AI applications.

The fifth trend is the use of heterogeneous computing. Heterogeneous computing is a technique that combines different types of computing technology to create more powerful AI systems. This can include combining different types of AI chips, such as GPUs and CPUs, to create more powerful AI systems.

There are a number of key drivers that have propelled the development of AI chips in recent years, and these include the increased demand for AI applications, the need for faster and more efficient AI processing, and the availability of advanced AI chip technologies.

The increasing demand for AI applications is one of the primary drivers of the AI chip market. As AI technology continues to mature, more and more applications are being developed for various industries, such as healthcare, finance, and transportation. As these applications become more advanced, they require more powerful and efficient AI chips to process the data and enable the applications to function properly. This increased demand for AI applications is driving the development of AI chips.

The need for faster and more efficient AI processing is another key driver of the AI chip market. As AI algorithms become more complex, they require more powerful and faster chips to process the data in a timely manner. This has led to the development of new AI chip architectures that are designed to maximize performance and reduce power consumption. These chips are capable of performing complex computations in a fraction of the time it would take traditional processors. This has enabled AI applications to become more efficient and effective.

The availability of advanced AI chip technologies is another driver of the AI chip market. Modern AI chips are capable of performing complex computations quickly and efficiently. They are also capable of performing deep learning tasks, which enable machines to learn from data in a more advanced manner. This has enabled AI applications to become more accurate and reliable.

Finally, the increasing cost-effectiveness of AI chips is driving the development of the AI chip market. As AI chips become more powerful and efficient, they become less expensive to produce. This has enabled AI applications to become more affordable and accessible to a wider range of users.

Artificial Intelligence (AI) Chip Market: Restraints and Challenges

The key restraints and challenges in the Artificial Intelligence (AI) chip market are mainly related to the cost, complexity and availability of AI hardware and software, as well as regulatory issues, security concerns and the need for continual innovation. Companies must carefully consider these challenges when investing in AI chips, as they can limit the potential of the technology.

Cost: The cost of AI chips is a major restraint for the market. AI chips are expensive and the cost of development and production is high. This makes it difficult for companies to invest in AI chips and can limit the potential of the technology. Additionally, the cost of AI chips is often higher than that of traditional chips, which can make it difficult for companies to justify the investment.

Availability: AI chips are often not widely available and can be difficult to find. This can limit the potential of the technology as companies may not have access to the latest AI chips. Additionally, AI chips may require specialized software and hardware to operate, which can further limit the availability of the technology.

Regulatory Issues: AI chips are subject to a variety of regulations, which can limit the potential of the technology. These regulations can include restrictions on the use of AI chips in certain countries or regions, and can prevent companies from using AI chips in certain applications.

Security: AI chips can be vulnerable to attack and can be used to gain access to sensitive data. This can limit the potential of the technology as companies may not want to risk their data being compromised. Additionally, AI chips can be used to create malicious software, which can further limit the potential of the technology.

Innovation: AI chips are rapidly evolving and new technologies are continuously being developed. This can make it difficult for companies to keep up with the latest developments and can limit the potential of the technology. Additionally, the development of new AI chips requires significant investment, which can further limit the potential of the technology.

Artificial Intelligence (AI) Chip Market Report Findings

https://www.globalinsightservices.com/reports/artificial-intelligence-ai-chip-market

The Graphics Processing Unit (GPU) segment is anticipated to dominate the market during the forecast period

Based on the Chip Type, the Artificial Intelligence (AI) Chip Market is segmented into Graphics Processing Unit (GPU), Field-Programmable Gate Array (FGPA), Application-Specific Integrated Circuit (ASIC), and Others. The Graphics Processing Unit (GPU) segment has dominated the segment with the highest revenue in 2023. Additionally, this segment is expected to be the fastest-growing segment in the coming years. The segmental growth is the Market is being driven by its inherent parallel processing capabilities, making it well-suited for handling the complex computations required for AI tasks. GPUs excel in accelerating matrix operations, which are fundamental to deep learning algorithms, thereby significantly enhancing AI model training and inference speeds. Additionally, the rise of deep learning frameworks optimized for GPU acceleration further bolsters the demand for GPU chips in AI applications. As AI workloads continue to grow in complexity and scale, the GPU Chip Type segment is poised for sustained growth, driving innovation in AI hardware.

The cloud segment is anticipated to dominate the market during the forecast period

On the basis of Processing Type, the market is bifurcated into Edge and cloud. The cloud segment has dominated the segment with the highest revenue in 2023. Additionally, this segment is expected to be the fastest-growing segment in the coming years. The growth in the market is being propelled by the increasing adoption of cloud-based AI services and applications. Cloud-based AI platforms leverage specialized AI chips deployed in data centers to handle large-scale AI workloads efficiently. These chips are optimized for parallel processing and can accelerate AI computations, enabling rapid model training and inference at scale. With the growing demand for AI-as-a-Service (AIaaS) and cloud-based machine learning solutions across industries, the Cloud Chip Processing Type segment is expected to witness significant growth. It enables organizations to access powerful AI capabilities without the need for extensive on-premises infrastructure.

The Automotive segment is anticipated to dominate the market during the forecast period

Based on End-users, the market is segmented into Retail, Pharmaceutical and Healthcare, BFSI, Manufacturing, Automotive, Information Technology & Telecom, Consumer Electronics, and Others. The Automotive segment has dominated the segment with the highest revenue in 2023. Additionally, Pharmaceutical and Healthcare is expected to be the fastest-growing segment in the coming years. The growth is driven by the rising integration of AI technologies in vehicles to enable advanced driver assistance systems (ADAS), autonomous driving capabilities, and in-car infotainment systems. AI chips play a crucial role in processing and analyzing real-time data from sensors, cameras, and other sources to make intelligent decisions and enhance vehicle performance, safety, and user experience. With the growing demand for smart and connected vehicles, automakers are increasingly investing in AI-powered solutions, driving the adoption of AI chips in the automotive industry and fueling market growth.

The System on Chip segment is anticipated to dominate the market during the forecast period

On the basis of Technology, the market is segmented into System on Chip, System in Package, Multi-Chip Module, and Others. The System on Chip segment has dominated the segment with the highest revenue in 2023. Additionally, Multi-Chip Module is expected to be the fastest-growing segment in the coming years. The growth is propelled by its ability to integrate multiple components onto a single chip, enabling enhanced performance, efficiency, and cost-effectiveness in AI applications. SoC technology facilitates the integration of AI processing units, memory, and input/output interfaces onto a single chip, streamlining the design and manufacturing process while reducing power consumption and latency. This integration enables seamless deployment of AI algorithms in various devices and systems, ranging from smartphones and smart home devices to autonomous vehicles and industrial machinery, driving the demand for SoC-based AI chips and fostering market growth.

The Inference segment is anticipated to dominate the market during the forecast period

Based on Function, the market is segmented into Training and Inference. The Inference segment has dominated the segment with the highest revenue in 2023. Further, it is expected to be the fastest-growing segment in the coming years. The increasing demand for AI-enabled applications in various industries. Inference refers to the process of applying trained AI models to new data to make predictions or decisions, a crucial function in AI systems deployed for tasks such as image recognition, natural language processing, and recommendation systems. As businesses and organizations increasingly incorporate AI into their operations to improve efficiency and decision-making, there is a growing need for specialized inference chips that can execute these tasks quickly and efficiently. This demand is fueling the growth of the Inference Function segment in the AI chip market, with semiconductor companies investing in the development of dedicated inference accelerators optimized for real-time processing and low power consumption.

The Natural Language Processing (NLPs) segment is anticipated to dominate the market during the forecast period

On the basis of Application, the market is segmented into Natural Language Processing (NLPs), Robotic Process Automation (RPA), Machine Learning, Computer Vision, and Others. The Natural Language Processing (NLPs) segment has dominated the segment with the highest revenue in 2023. Further, it is expected to be the fastest-growing segment in the coming years. The rising adoption of AI-driven language processing technologies across various industries. NLP enables machines to understand, interpret, and generate human language, facilitating applications such as virtual assistants, chatbots, language translation, and sentiment analysis. With the growing demand for AI-powered solutions to streamline communication, automate tasks, and enhance user experiences, there is an increasing need for specialized AI chips optimized for NLP tasks. Semiconductor companies are thus focusing on developing NLP-specific accelerators capable of handling complex language processing tasks efficiently, driving growth in this segment.

The North America region is anticipated to dominate the market during the forecast period

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period followed by Asia Pacific. The region’s growth is primarily attributed to driven by the region’s robust ecosystem of technology companies, research institutions, and venture capital investment. North America, particularly the United States, is home to leading AI chip manufacturers, including NVIDIA, Intel, and AMD, known for their innovation and technological prowess. Moreover, the region boasts a mature market for AI applications across various sectors such as healthcare, automotive, finance, and e-commerce, driving the demand for AI chips. Additionally, supportive government initiatives, favorable regulatory policies, and a skilled workforce further contribute to the growth of the AI chip market in North America.

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Competitive Landscape

The Artificial Intelligence (AI) Chip Market includes players such as NVIDIA Corporation – United States, Intel Corporation – United States, Advanced Micro Devices (AMD) – United States, Google (Alphabet Inc.) – United States, Qualcomm Incorporated – United States, IBM Corporation – United States, Huawei Technologies Co., Ltd. – China, Samsung Electronics Co., Ltd. – South Korea, Baidu, Inc. – China, and Alibaba Group Holding Limited – China.

Artificial Intelligence (AI) Chip Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Artificial Intelligence (AI) Chip Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Artificial Intelligence (AI) Chip Market in terms of revenue ($Million) and Volume (Units).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Artificial Intelligence (AI) Chip industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country, market analysis is also presented in this report.
  • The Artificial Intelligence (AI) Chip Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
  • Analytical depiction of the Artificial Intelligence (AI) Chip Market along with current trends and future estimations to depict imminent investment pockets. The overall Artificial Intelligence (AI) Chip industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Artificial Intelligence (AI) Chip Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
Market Segments

By Chip Type

  • Graphics Processing Unit (GPU)
  • Field-Programmable Gate Array (FGPA)
  • Application-Specific Integrated Circuit (ASIC)
  • Others

By Technology

  • System on Chip
  • System in Package
  • Multi-Chip Module
  • Others

By Application

  • Natural Language Processing (NLPs)
  • Robotic Process Automation (RPA)
  • Machine Learning
  • Computer Vision
  • Others

By Function

  • Training
  • Inference

By Processing Type

  • Edge
  • Cloud

By End-User

  • Retail
  • Pharmaceuticals and Healthcare
  • BFSI
  • Manufacturing
  • Automotive
  • Information Technology & Telecom
  • Consumer Electronics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa
Key Players
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Supply Chain Management (SCM) Market
March, 2024

New York, March 2024: According to a new research study by Global Insight Services (GIS), the Supply Chain Management (SCM) Market is expected to grow rapidly over the next 10 years and it is expected to reach a CAGR 7.1% during the forecast period.

Supply chain management (SCM) is a system of activities, people, information, and resources involved in moving a product or service from supplier to customer. SCM is the coordination and management of all these elements to streamline the process and increase efficiency.

The goal of SCM is to create value for the customer by providing the right product, at the right time, and the right price. To do this, SCM must manage the flow of information, goods, and money across the entire supply chain. This includes everything from raw materials to finished products and all the steps in between.

SCM must take into account the needs of all the different stakeholders in the supply chain, including suppliers, manufacturers, distributors, and customers. Each of these groups has its unique requirements that must be met for the supply chain to run smoothly.

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Market Drivers and Trends

There are a few key trends in Supply Chain Management technology. One is the move towards more real-time data. This means that companies are collecting data more frequently and using it to make decisions more quickly. This can be enabled by technologies like the Internet of Things and big data analytics.

Another trend is the use of more predictive analytics. This means using data to try to forecast what will happen in the future and make decisions accordingly. This can help companies avoid disruptions and plan for demand.

Finally, there is a trend towards more collaborative and transparent supply chains. This means that companies are sharing more information with each other and working together more closely to improve efficiency and optimize the supply chain. This can be enabled by technologies like blockchain.

Market Restraints and Challenges

The key restraints and challenges in supply chain management (SCM) market include the following:

1. Fragmentation: There are numerous supply chain management software providers in the market, which can make it difficult for buyers to identify the right solution for their needs. In addition, many of these providers offer similar or identical solutions, which can further complicate the decision-making process.

2. Lack of standardization: There is no standardization among supply chain management software solutions, which can make it difficult for buyers to compare and contrast different options. This lack of standardization can also make it difficult to integrate supply chain management software solutions with other enterprise software solutions.

3. High costs: Supply chain management software solutions can be costly to implement and maintain. In addition, the costs of training employees on how to use these solutions can be significant.

Supply Chain Management (SCM) Market Report Findings

https://www.globalinsightservices.com/reports/supply-chain-management-scm-market/

The software segment is anticipated to dominate the market during the forecast period

Based on solution, the Supply Chain Management (SCM) Market is segmented into services and software. The software segment is expected to dominate the market during the forecast period. Quality assurance, supplier management, and logistics management are all applications of SCM solutions. Over the complicated supply chain, SCM systems give benefits such as enhanced visibility, increased efficiency, analytics, lower costs, more agility, and increased compliance. It aids in the automation of important activities such as order processing, billing, and order tracking, resulting in reduced time and administrative costs. surplus materials and expenses associated with shipping, warehousing, and manufacturing are also identified by SCM systems, which aids in the reduction of surplus inventory.

During the projected period, the service segment is predicted to grow the quickest. SCM services help businesses enhance their supply chain operations by providing data-driven insights. Real-time predictive production cost assessment services are provided to discover process inefficiencies and possibilities. It successfully implements data-driven sales and operations planning, as well as inventory management, to help save costs. Manufacturing activities may be monitored using SCM services to improve performance and decrease risk.

The cloud segment is anticipated to dominate the market during the forecast period

By deployment mode, the market is classified into on-premises, and cloud. The cloud segment dominated the market in 2023 in terms of revenue and is expected to dominate the market during the forecast period. Cloud-based solutions are being adopted by businesses to increase adaptability and flexibility in the supply chain process. It also provides other advantages, including enhanced processing capacity, storage, cost-effective pricing structures, and a reduction in operating costs. These advantages are driving market expansion.

The large enterprises segment is anticipated to dominate the market during the forecast period

Based on organization size, the Supply Chain Management (SCM) Market is segmented into small & medium enterprises and large enterprise. In 2023, the large enterprises segment dominated the market in terms of revenue and is expected to be the same during the upcoming years. Increased demand for continuous monitoring systems and automation features such as advanced shipment notification management, customizable notifications, in-transit status updates, user-configurable dashboards, and visual supply chain maps can be attributed to the growth in a variety of large-sized industries. SCM also gives access to exact real-time freight statistics as well as the ability to develop reports that allow major organizations to make better business choices such as supply planning, inventory planning, and distribution planning, among other things. The market is expanding as a result of a significant increase in the need for software in major organizations to gather critical business data such as inventory numbers, predicted sales data, supplier details, and so on. For example, in November 2022, Microsoft announced the debut of the Microsoft supply chain platform and provided a demonstration of the technology through the Microsoft Supply Chain Center. Microsoft’s supply chain center is intended to work with an organization’s existing supply chain apps and data.

During the projected period, the small and medium-sized company (SMEs) category is predicted to grow the quickest. In supply chain operations, SCM provides flexibility, scalability, and cost savings. Implementing SCM solutions and services would boost SMEs’ profitability and desired outcomes while also improving operational efficiencies. Due to the COVID-19 epidemic, startups and SMEs were in a vulnerable position as they tried to regulate unpredictable demand, resource efficiency, and rising supply chain costs. For example, Locus, a worldwide B2B SaaS firm, announced the launch of QuickStart for small and medium-sized organizations (SMEs) in April 2019. QuickStart is a self-service version of the product suite aimed to help SMEs improve the efficiency of their supply chains in the aftermath of the COVID-19 outbreak.

The manufacturing segment is anticipated to dominate the market during the forecast period

Based on industry vertical, the Supply Chain Management (SCM) Market is segmented into manufacturing, automotive, healthcare, retail & e-commerce, and others. The manufacturing segment is expected to dominate the market during the forecast period. In the industrial business, there is an increasing demand for automation in the supply chain process. Implementing a robust SCM system may help manufacturers enhance their product manufacturing processes while also lowering operational expenses. For example, Logility, Inc. announced software upgrades in March 2022 to improve planning capabilities across the product lifecycle. Manufacturing clients of Logility’s digital platform may use supply chain network maps to evaluate the worldwide linkages of their integrated supply chain.

During the projected period, the retail and e-commerce segments are predicted to grow the quickest. E-commerce SCM is concerned with acquiring raw materials, producing, and delivering the product at the appropriate time. It entails supply and demand management, warehousing, inventory monitoring, order processing, and customer delivery.

The North America region is likely to hold the major share of the market in 2023

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Supply Chain Management (SCM) Market value followed by Asia Pacific. The existence of a large number of adopters of such software in the region, as well as the region’s technical advancement, contribute to market growth. Another important element contributing to market growth is the presence of major key companies such as IBM, Microsoft, Telus International, and Infor, among others, in the area. As a result of the aforementioned causes, the use of SCM software in North America is high and contributes significantly to revenue production.

During the predicted period, Asia Pacific is expected to increase the most. The area’s market growth is due to expanding prospects in the region as well as significant investments made in SCM.

Have a question for our analyst

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Competitive Landscape

The supply chain management (SCM) market report includes players such as IBM Corporation, Oracle Corporation, SAP SE, Manhattan Associates, Descartes Systems Group Inc., Kinaxis, E2open, LLC, Basware Corporation, WiseTech Global, and Infor,  among others.

Recent Developments:
  • In February 2024, Logility has incorporated generative artificial intelligence features into its suite of prescriptive supply chain planning solutions. The company intends to utilize this technology to assist businesses in making quicker decisions and staying ahead in the market competition. Logility’s GenAI, developed on an AI-focused platform, is crafted to aid enterprises in analyzing supply chain data. It offers insights through a conversational interface accessible to individuals across various departments, streamlining the process and saving time typically spent on data gathering and using outdated dashboards.
  • In February 2024, Accenture, through its investment arm Accenture Ventures, has strategically invested in Tenchi Security, a company specializing in third-party cyber risk management. This investment aims to enhance Accenture’s managed security services by integrating Tenchi’s Software as a Service (SaaS) platform. The platform helps organizations minimize cyber risks across their supply chains. Headquartered in São Paulo, Brazil, Tenchi Security’s SaaS platform offers improved visibility into supply chain risks by continuously monitoring relationships with suppliers. Unlike other providers of enterprise cyber risk management, Tenchi’s approach provides a comprehensive assessment of an organization’s cyber risk profile, offering a holistic view.
  • In December 2023, Accenture and SAP have a longstanding partnership that drives innovation by combining Accenture’s expertise in business transformation with SAP’s advanced technology. This collaboration integrates Accenture’s Sustainability Services and industry knowledge with SAP’s intelligent technologies, resulting in new solutions. These solutions enable enterprises to make significant progress in reducing carbon emissions in their supply chains and benefit from the economic opportunities of a circular economy. Moreover, SAP and Accenture have sped up the development and delivery of the SAP Responsible Design and Production solution. This solution helps businesses incorporate sustainability measures throughout their supply chains, focusing especially on manufacturing and product design. Together, they consistently deliver solutions that propel businesses forward, with the current emphasis being on SAP IBP for Supply Chain.
  • In December 2023, A.P. Moller-Maersk (Maersk) has announced an investment of over USD $500 million to expand its supply chain infrastructure, supporting Southeast Asia’s growth as a global production center and significant consumer market. This three-year investment will primarily focus on Maersk’s Logistics & Services division, but a substantial portion will also go into enhancing its Ocean and Terminals infrastructure. The investment aims to create job opportunities for local talents, increase automation efficiency, and expand the company’s network in the region. It seeks to enhance supply chain resilience, reduce trade costs (which can be 2x-3x higher in certain Asian markets), and provide additional benefits to customers. Maersk plans to increase its warehousing and distribution footprint by up to 50% in the area, improving its capabilities in ocean, air, and land transportation to meet both international and domestic market demands.
Supply Chain Management Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Supply Chain Management Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Supply Chain Management Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Supply Chain Management industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country, market analysis is also presented in this report.
  • The Supply Chain Management Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
  • Analytical depiction of the Supply Chain Management Market along with current trends and future estimations to depict imminent investment pockets. The overall Supply Chain Management industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Supply Chain Management Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
Market Segments

By Solution

  • Software
  • Services

By Deployment Mode

  • On-Premises
  • Cloud

By Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

By Industry Vertical

  • Manufacturing
  • Automotive
  • Healthcare
  • Retail & E-commerce
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa
Key Players
Read More

U.S. Dealer Management System Market
February, 2024

New York, February 2024: According to a new research study by Global Insight Services (GIS), the U.S. Dealer Management System Market is expected to grow rapidly over the next 10 years and it is expected to reach a CAGR 6.6% during the forecast period.

A Dealer Management System (DMS) is software that equips dealers with powerful tools. The platform includes actual-time insights, automates tasks, and turns data into profitable growth, all on a single platform built especially for several dealerships. The U.S. Dealer Management Systems also allow payroll services, seamless financial reporting, and cash flow management. The systems integrate a suite of the finest technologies such as business intelligence & reporting, customer relationship management (CRM), and inventory management. They further assist dealers in enhancing customer conversions and customer retention, allowing them to maintain a remote help desk.

Selecting the best DMS supplier for a user company might be difficult because there are so many of them on the market, each with a vast array of features and services. Nonetheless, the majority of DMSs have common fundamental functionalities, including inventory management, transaction structuring, and the “buy here, pay here” strategy. These are the fundamental elements, but some systems also provide more sophisticated features, such as website integration and online marketing capabilities, which may greatly enhance user company but come at a higher cost.

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U.S. Dealer Management System Market: Market Drivers and Trends

Surging Technological Advancements in Automotive Sector

The surging technological advancements in the automotive sector are indeed contributing to an increased demand for dealer management systems (DMS) in the United States. As the automotive sector embraces innovations such as electric vehicles, connected cars, and advanced driver assistance systems, dealerships are seeking robust DMS solutions to manage these evolving technologies effectively. Features such as actual-time inventory tracking, integration with advanced diagnostic tools, and connectivity for remote monitoring become crucial for dealerships to stay competitive. Moreover, the rise of digital retail experiences, online sales, and customer expectations for seamless interactions have led to a higher demand for DMS functionalities that support e-commerce, customer relationship management, and digital marketing. As dealerships integrate more technology into their operations, DMS providers are adapting to provide comprehensive solutions that address the specific needs of modern automotive retail. Further, the United States, being a significant market for automobiles and technology, is witnessing a growing convergence of these factors, driving the demand for advanced DMS solutions. The technology-driven transformation in the automotive industry is likely to continue shaping the landscape of DMS, with an increasing focus on features that facilitate efficiency, connectivity, and a superior customer experience for dealerships across the country.

Rising Need for Data Analytics in Multiple Business Industries

The escalating demand for data analytics across multiple industries is catalyzing a substantial boost in the growth of the US dealer management system (DMS) market. As businesses increasingly recognize the transformative power of data, integrating robust analytics solutions becomes imperative, particularly in the automotive sector where DMS plays a pivotal role. Data analytics serves as a linchpin for informed decision-making within multiple industries, providing valuable insights that propel operational efficiency and strategic planning. In the context of dealer management systems, this translates to a more dynamic and responsive approach to handling various aspects of automotive dealership operations. In the automotive industry, the US DMS market is witnessing a paradigm shift as data analytics becomes a cornerstone for addressing challenges and capitalizing on opportunities. Analyzing vast datasets allows dealerships to optimize inventory management, streamline supply chain operations, and predict market trends, thereby gaining a competitive edge. Moreover, data-driven insights play a crucial role in enhancing customer experiences. By leveraging analytics, dealerships can personalize services, anticipate customer preferences, and tailor marketing strategies, fostering stronger customer relationships and loyalty. Beyond the automotive realm, the cross-industry adoption of data analytics further amplifies the growth of the DMS market. Businesses in sectors such as retail, healthcare, and manufacturing recognize the universal benefits of data-driven decision-making.

U.S. Dealer Management System Market: Market Restraints and Challenges

High Costs associated with Dealer Management Systems

High costs associated with dealer management systems can significantly hinder the growth of the dealer management systems market. The upfront cost of deploying a DMS can be significant for dealerships, particularly smaller or independent dealers. High costs associated are the hefty expenditures such as software licenses, hardware, installation, and maintenance. This can serve as a barrier to entrance, limiting adoption. The automotive dealer management systems are often expensive and require more customization flexibility. Modern dealer management systems utilized in the sector are being improved with mobile and online platforms as technology advances. Real-time analytics (which includes sales inputs, dealer tracking, online onboarding, and business monitoring) and smart features are also used to assist these. These qualities make these systems costly, which limits their use and slows the growth of the U.S. Dealer Management System Market.

Date Security Concerns and Lack of Skilled Professionals and Training Challenges regarding the use of Dealer Management Systems

The data security concerns associated with dealer management systems pose a significant hindrance to the growth of the dealer management system market. The quantity and sophistication of threats is growing by the day. Data has become the lifeblood of most businesses, driving day-to-day operations as well as top-level decision-making. Security breaches that result in data loss can be disastrous. Failure to take cyber security seriously can result in irreversible reputational damage, penalties and licensing concerns for regulated organizations, negative media attention, increased worry and stress levels in the workforce, company interruption, violation of privacy, and financial losses. Some DMS systems are incapable of mitigating cyberattacks. As a result of the absence of cybersecurity measures, security concerns are serving as a restricting factor for the dealer management system market in the United States.

U.S. Dealer Management System Market Report Findings

https://www.globalinsightservices.com/reports/u-s-dealer-management-system-market/

The solution segment is likely to hold the major share of the market in 2023

By component, the U.S. Dealer Management System Market is bifurcated into solution and services. The Solution segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 1,816.9 million in 2023, and it is anticipated to grow further to USD 2,934.07 million by 2033, at a CAGR of 5.2% during the forecast period. The solution segment in the dealership management system market refers to the diverse set of software solutions offered to automotive dealerships to streamline their operations. Dealer tracking, inventory management, sales, financing, and customer relationship management activities can all be completed by a dealership with the use of dealer management system software, which also enables these activities to be coordinated with one another. With the help of this strong software application, car dealers may access solutions on a completely integrated platform. These solutions support companies in maintaining long-term profitability.

The cloud based segment is likely to hold the major share of the market in 2023

By deployment type, the U.S. Dealer Management System Market is classified into on-premise and cloud-based. The Cloud-Based segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 1,613.9 million in 2023, and it is anticipated to grow further to USD 3,191.1 million by 2033, at a CAGR of 7.4% during the forecast period. A Cloud-based Dealer Management System (DMS) operates on servers accessed through the Internet, offering flexibility and easy updates. In 2023, cloud-based software is gaining popularity due to its cost-effectiveness and the robust network infrastructure in the U.S. further facilitates its adoption. Many enterprises are strategically investing in advanced software solutions to transition rapidly to modern platforms with enhanced features. The recent uptick in the use of cloud-based software can be attributed to the manifold advantages offered by cloud technology, including seamless support and maintenance services, swift setup and deployment, easy upgrade options, and widespread accessibility.

The sales segment is likely to hold the major share of the market in 2023

Based on application, the U.S. Dealer Management System market is segmented into sales, inventory management, finance, dealer tracking, customer relationship management, and others. The sales segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 888.5 million in 2023, and it is anticipated to grow further to USD 1,461.9 million by 2033, at a CAGR of 5.3% during the forecast period. In a Dealer Management System (DMS), the sales application plays a pivotal role in facilitating and optimizing the sales processes within automotive dealerships. This application typically encompasses features such as lead management, inventory tracking, and customer relationship management (CRM). It enables dealers to efficiently handle sales inquiries, manage vehicle inventory, track customer interactions, and streamline the entire sales workflow.

The automobile segment is likely to hold the major share of the market in 2023

On the basis of end user, the U.S. Dealer Management System Market is classified into automobile, agricultural & forestry, construction, transportation and logistics, mining, motor sports, and others. The automobile segment is anticipated to dominate the market during the forecast period. The segment was valued at USD 1,410.8 million in 2023, and it is anticipated to grow further to USD 2,387.8 million by 2033, at a CAGR of 5.6% during the forecast period. In the automobile industry, a DMS plays a pivotal role in streamlining various operational aspects of automotive dealerships (for light-duty vehicles). The integration of a well-designed DMS into the automobile industry contributes to improved efficiency, customer satisfaction, and profitability for dealerships. It serves as a comprehensive solution for managing the complexities of automotive retail operations in a rapidly evolving industry.

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Competitive Landscape

Some of the key players in the U.S. Dealer Management Systems Market are Auto/Mate, Inc. (a part of the DealerSocket), Autosoft, Inc., Bit Dealership Software, Inc., CDK Global LLC, COX Automotive, Damco Group, DealerBuilt, DealerCenter, DealerTeam, Dominion Enterprises, e-Emphasys Technologies, Inc., IDS Software, Inc. (a Constellation Dealership Software Company), Intech Systems Pvt. Ltd., MAX Digital, LLC, Procede Software, RouteOne, Tekion Corp., Verifacto, Inc., and The Reynolds and Reynolds Company.

U.S. Dealer Management System Market: Recent Developments
  • In November 2023, Dominion DMS announced Auto Pro Solutions integration. One of the top suppliers of cutting-edge solutions to the automotive sector is Auto Pro Solutions, LLC. Auto Pro Solutions provides several features that are intended to support the success of automotive businesses, with an emphasis on optimizing customer experience and optimizing processes.
  • In November 2023, After a large investment by Reynolds, The Reynolds & Reynolds Company and TrueSpot, a cutting-edge provider of real-time location services, partnered. The collaboration highlights TrueSpot’s dedication to expanding asset location intelligence and Reynolds’ focus on cutting-edge solutions to assist car shops in becoming more successful. TrueSpot reduces holding costs, prevents lost-key charges, shortens wait times, and improves the customer experience, allowing dealerships to significantly boost efficiency across their variable, fixed operations, and reconditioning departments.
  • In October 2023, the combination of Dominion DMS and ScanIt Parts will enable the integration of cutting-edge wireless technology with barcode scanning and printing apparatus. The user can use this to scan in components for custom orders and stock, either at the same time or separately. When special orders are scanned with client data, labels start printing automatically. Real-time user inventory updates in the Dominion DMS are made possible by the connection.
  • In October 2o23, the completion of a brand-new, cutting-edge security operations center (SOC) at Reynolds’ headquarters in Dayton, Ohio, was announced by The Reynolds & Reynolds Company and Proton Dealership IT. Now online, the new SOC represents a significant advance for the ongoing detection of nefarious and suspicious activities. Proton’s continuous security monitoring and response efforts for cyber threats to dealerships across North America rely heavily on the SOC. The power of Reynolds and Proton is combined in this new security hub to enable higher-scale service expertise delivery.
  • In August 2023, The combination of Dominion DMS and Armatus Dealer Uplift enables dealers to boost their yearly gross income from warranty parts. In all 50 states, Armatus has assisted more than 6,200 dealers in obtaining 13,400 approved applications. Additionally, 20 State Dealer Associations solely support Armatus.
U.S. Dealer Management System Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current U.S. Dealer Management System Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the U.S. Dealer Management System Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the U.S. Dealer Management System industry.
  • A thorough analysis of market trends and restraints is provided.
  • The U.S. Dealer Management System Market Study comprises an analysis of 1 country. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
  • Analytical depiction of the U.S. Dealer Management System Market along with current trends and future estimations to depict imminent investment pockets. The overall U.S. Dealer Management System industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the U.S. Dealer Management System Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
Market Segmentation

By Component

  • Solution
  • Services

By Deployment Type

  • On-Premise
  • Cloud-Based

By Application

  • Sales
  • Finance
  • Inventory Management
  • Dealer Tracking
  • Customer Relationship Management
  • Others

By End User

  • Automobile
  • Agricultural & Forestry
  • Construction
  • Transportation and Logistics
  • Mining
  • Motor Sports
  • Others
Key Players
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Digital Language Learning Market
February, 2024

New York, February 2024: According to a new research study by Global Insight Services (GIS), the digital language learning Market is expected to grow rapidly over the next 10 years and it is expected to reach a CAGR 17.5% during the forecast period.

Digital language learning is the use of digital technology to facilitate language learning. This can include using online resources, apps, and software to help with the acquisition of vocabulary and grammar and the development of listening, reading, and writing skills.

Digital language learning can be an effective way to supplement traditional methods of language instruction and can be used by learners of all levels, from beginners to advanced. There are a variety of online resources available, and many of them are free. Some popular ones include Duolingo, Babbel, and Busuu.

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Global Digital Language Learning Market: Market Drivers and Trends

Rising Government Initiatives and Increasing Demand For Multilingualism

Governments globally have undertaken strategic initiatives aimed at catalyzing growth in the Digital Language Learning market, recognizing its pivotal role in fostering global competitiveness and enhancing communication skills. Through targeted investments and policy support, the government seeks to leverage technology to revolutionize language education, making it more accessible and effective for learners across diverse demographics. By incentivizing the development of innovative digital language learning platforms, the initiative aims to address the evolving needs of the workforce and empower citizens with essential linguistic skills for an increasingly interconnected world.

The growing demand for multilingualism is a pivotal driver of the robust expansion witnessed in the digital language learning market. In interconnected world, businesses and individuals recognize the strategic importance of acquiring proficiency in multiple languages due to the ongoing expansion of international trade, collaborations, and communication. This awareness extends to the realization that linguistic diversity is a valuable asset, particularly for enterprises looking to access diverse markets.  The precise determination of the global population proficient in two languages remains challenging due to incomplete studies across various language communities. Nevertheless, according to Journal of Neurolinguistics estimated that approximately 43% of the world’s population is bilingual, demonstrating proficiency in two languages. Additionally, an estimated 17% of individuals exhibit multilingual capabilities, underscoring the prevalence of linguistic diversity on a global scale.

Growing trend for E-learning

The rising trend for e-learning can be attributed to various factors that have collectively fueled its demand. Firstly, the widespread availability of high-speed internet and the proliferation of digital devices have made learning more accessible to individuals globally. Additionally, the convenience and flexibility offered by E-learning platforms allow users to tailor their learning experiences to fit their schedules, fostering a self-paced and personalized approach to education.

In the context of the Digital Language Learning Market, E-learning has proven to be a transformative force. The interactive nature of digital language learning platforms engages users through multimedia content, interactive exercises, and real-time feedback, enhancing the overall learning experience. Furthermore, the global demand for language proficiency, driven by increased globalization and multicultural interactions, has heightened the need for efficient language learning solutions.

Global Digital Language Learning Market: Market Restraints and Challenges

Lack of Personalized Instruction Could Impede Market Growth

The Digital Language Learning Market faces a significant challenge due to the lack of personalized instruction, hindering the maximization of individual learning potential. Many language learning platforms adopt a one-size-fits-all approach, offering generic lessons and exercises that may not cater to the diverse learning styles and proficiency levels of users. Personalization in language instruction is crucial for addressing the unique needs and preferences of learners, ensuring a more effective and engaging educational experience.

The absence of personalized instruction in digital language learning poses a significant constraint on its efficacy. Personalization is pivotal in addressing individual learning styles, pacing, and objectives. Without tailored content and feedback, learners may struggle to engage with the material at an optimal level. For instance, a fast learner might find generic content too slow, while a slower learner could feel overwhelmed. The one-size-fits-all approach fails to adapt to diverse proficiency levels and learning goals, hindering the depth and relevance of the educational experience.

Competition From Free Resources

Competition from free resources can pose challenges to the digital language learning industry in several ways. While free resources contribute to increased accessibility and affordability for learners, they also create certain constraints for digital language learning platforms. One primary challenge is the potential dilution of quality and personalized learning experiences. When learners have access to an abundance of free resources, they may be tempted to explore various platforms without committing to a structured and comprehensive learning program. Digital language learning platforms often invest in advanced technologies, curated content, and personalized learning pathways to offer a more effective and engaging experience. However, the prevalence of free resources may lead learners to opt for fragmented and inconsistent learning approaches, hindering their overall language proficiency development.

Moreover, the sustainability of digital language learning platforms relies on revenue generation to continually improve and update their offerings. Competition from free resources can limit the financial resources available for platform development, resulting in slower innovation, fewer updates, or even the discontinuation of certain features. For example, imagine a digital language learning platform that charges a subscription fee to provide interactive lessons, AI-powered feedback, and personalized study plans. If learners turn to free alternatives, the platform may struggle to attract and retain paying customers, impacting its ability to invest in cutting-edge technologies and maintain a high standard of content.

Global Digital Language Learning Market Report Findings

https://www.globalinsightservices.com/reports/digital-language-learning-market

The english segment is likely to hold the major share of the market in 2023

By language type, the market is divided into English, German, Spanish, Mandarin, and Others. The segment was valued at USD 15,017.5 million in 2023, and it is expected to reach USD 61,176.8 million by 2033, growing at a rate of 15.9% from 2024 to 2033. In the digital language learning market, the English language refers to the overall category or subject matter of learning and teaching the English language using digital tools and platforms. It encompasses various aspects of English, including grammar, vocabulary, pronunciation, and communication skills. Digital language learning solutions may offer diverse modules, interactive exercises, and multimedia content to facilitate effective learning and proficiency in the English language. Further, English originated in England, evolving from Germanic languages with influences from Latin and French.

The cloud-based segment is likely to hold the major share of the market in 2023

By deployment type, the market is bifurcated into on-premises and cloud-based. The cloud-based segment dominated the market in 2023. The segment was valued at USD 22,888.2 Million in 2023 and it is anticipated to grow further to USD 112,807.6 Million by 2033, at a CAGR of 18.3% during the forecast period. In the digital language learning market, cloud-based deployment refers to implementing language learning software or platforms hosted and delivered through cloud computing services. Rather than being installed locally on an institution’s servers, these solutions operate over the internet, allowing users to access language learning resources remotely. Cloud-based deployment offers scalability, accessibility from various devices, and automatic updates as a third-party cloud service provider manages and maintains the software. This model provides flexibility and often reduces educational institutions’ or organizations’ need for extensive local infrastructure and maintenance efforts.

The business-to-customer segment is likely to hold the major share of the market in 2023

By business type, the market is bifurcated into business-to-business and business-to-customer. The business-to-customer segment dominated the market in 2023. The segment was valued at USD 18,609.0 Million in 2023 and it is anticipated to grow further to USD 92,590.2 Million by 2033, at a CAGR of 18.4% during the forecast period. The business-to-customer (B2C) is synonymous with business-to-consumer. It refers to transactions and interactions where language learning products or services are directly provided by a business to individual customers. Digital language learning involves companies offering platforms, courses, or resources to individual consumers for personal language development, academic enhancement, or recreational learning. B2C dynamics focuses on meeting the diverse needs of individual language learners rather than catering specifically to organizational or corporate training requirements.

The non-academic learners segment is likely to hold the major share of the market in 2023

By end-user, the market is bifurcated into academic learners and non-academic learners. The non-academic learners segment dominated the market in 2023. The segment was valued at USD 23,652.6 Million in 2023 and it is anticipated to grow further to USD 113,433.9 Million by 2033, at a CAGR of 18.0% during the forecast period. Non-academic learners are individuals who pursue language learning outside of formal academic or educational contexts. These learners may acquire language for personal, professional, or recreational purposes rather than as part of a structured academic curriculum. Digital language learning products and services targeting non-academic learners cater to a diverse audience, including corporations or individuals seeking to learn a new language independently. This segment focuses on providing flexible and adaptable language learning solutions that meet individuals’ varied needs and motivations outside of traditional academic settings.

The Asia Pacific region is accounted for the majority of market share in 2023

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific dominated the global digital language learning market. The increasing government initiatives in the region are fueling the market growth. The Chinese government has also launched many programs to encourage digital education, with a particular emphasis on English language instruction, increasing the number of enterprises offering digital learning solutions to Chinese students. 51Talk is one of China’s most popular digital English language learning institutions; 17Zuoye is another digital platform for Chinese students, instructors, and parents that offers online assignments in the form of exercises and homework, allowing users to improve their skills. Similarly, the Indian government has launched several measures to popularize digital technology in the educational sector. SWAYAM is the Indian government’s most visible digital learning platform and project, allowing students to enroll in online courses spanning all fields of higher education.

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Competitive Landscape

Some of the key players in Digital Language Learning Market are Berlitz Corporation, Babbel GmbH, Busuu (Chegg), Fluenz, Lingoda GmbH, Sanako, Pearson, Preply, Rosetta Stone (IXL Learning), Memrise, Duolingo Inc., Voxy, 51Talk English International, Inc. (51Talk Online Education Group), EF Education First, Inlingua International, and VIPKid..

Global Digital Language Learning Market: Recent Developments
  • In November 2023, Babbel introduced two new speech-based technologies – ‘AI-enhanced speech Recognition’ and ‘Everyday discussions’ – to boost users’ confidence and proficiency in preparing for real-life discussions. The new AI speech recognition technology, integrated into the Babbel app, offers users significant help during vocabulary-based classes, including repetition exercises and individualized feedback to guarantee proper pronunciation.
  • In November 2023, The FSC Indigenous Foundation and language-learning app Babbel joined forces to provide English education to Indigenous Peoples worldwide. Babbel’s self-paced learning app and live sessions with teachers will aid Indigenous Peoples in learning English, enabling them to actively participate in international events and meetings, and gain access to additional opportunities that can benefit their communities and the world. Babbel aims to promote mutual understanding through language
  • In September 2023, Babbel has recently acquired the Toucan browser plugin. Toucan is a tool that helps learners develop and retain new vocabulary while browsing the web. The purchase agreement was made in early September. The browser extension will continue to be available as a free standalone feature, but it will eventually become part of Babbel’s ecosystem.
  • In September 2023, Lingoda launched its latest invention, the Lingoda Podcast. This exciting new member of the Lingoda family promises to give fascinating audio content that will fascinate language learners while improving their listening, pronunciation, and vocabulary abilities. The Lingoda Podcast is designed for both beginners (A2) and those farther along in their language-learning journey (B1). The first series is created in Spanish, providing learners with an easy and entertaining approach to incorporate language practice into their daily lives.
  • In March 2023, Duolingo Max, a new language learning product, integrates OpenAI’s GPT-4 for an enhanced experience. Features include “Explain My Answer,” offering context-specific explanations, and “Roleplay,” enabling interactive conversation skill practice.

Digital Language Learning Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Digital Language Learning outlook and estimations from 2022 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Digital Language Learning Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Digital Language Learning industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of Digital Language Learning along with the current trends and future estimations to depict imminent investment pockets. The overall Digital Language Learning industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of Digital Language Learning are also analyzed.
Market Segmentation

By Language Type

  • English
  • German
  • Spanish
  • Mandarin
  • Others

By Deployment Type

  • On-Premises
  • Cloud

By Business Type

  • Business-to-Business
  • Business-to-Customer

By End-User

  • Academic
  • Non-Academic
    • Corporate
    • Individuals

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa
Key Players
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LoRa Gateway Market
December, 2023

LoRa Gateway Market to Reach USD 7.6 billion by 2032, driven by the increasing adoption of LPWAN technologies for IoT connectivity: Global Insight Services

New York, December 2023: According to a new research study by Global Insight Services (GIS), the global LoRa Gateway Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 7.6 billion by 2032.

A LoRa Gateway is a crucial component in a Low Power Wide Area Network (LPWAN) that facilitates communication between end-node devices and a central network server. LoRa (Long Range) technology enables long-distance, low-power wireless communication, making it ideal for IoT applications. The gateway receives signals from LoRa-enabled devices, aggregates the data, and forwards it to the network server, ensuring efficient and reliable connectivity over extended ranges.

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LoRa Gateway Market: Key Trends and Drivers

The LoRa gateway market is experiencing significant growth driven by the escalating adoption of Internet of Things (IoT) solutions across various industries. The increasing demand for long-range, low-power connectivity solutions has propelled the deployment of LoRa (Low Range) technology, which enables efficient communication between devices and gateways. This market is further fueled by the rising deployment of smart city initiatives, industrial automation, and agriculture applications, where LoRa gateways play a crucial role in facilitating seamless data transmission over extended distances. The cost-effectiveness, scalability, and robust performance of LoRa technology position it as a preferred choice for IoT deployments, driving the expansion of the LoRa gateway market as organizations seek reliable and scalable connectivity solutions for their interconnected devices.

LoRa Gateway Market: Restraints and Challenges

One prominent challenge is the limited range of LoRa technology, which can be affected by various environmental factors such as interference and obstacles. Additionally, the spectrum allocation for LoRaWAN is not standardized globally, leading to regulatory complexities and hindering seamless cross-border deployments. The competition with other emerging IoT connectivity solutions and the need for interoperability standards pose further challenges for widespread adoption. Moreover, concerns about the security of LoRa networks, including potential vulnerabilities in end devices and gateways, contribute to the market’s constraints. Navigating these challenges will be crucial for stakeholders to unlock the full potential of LoRa gateways in the evolving landscape of the Internet of Things.

LoRa Gateway Market Report Findings

https://www.globalinsightservices.com/reports/lora-gateway-market/

The largest and fastest-growing market category is Digital

On the basis of  Connectivity, the LoRa Gateway Market is segmented into Cellular, Ethernet, Wi-Fi, and Others. Among these, in 2022, the Wi-Fi segment growth, driven by the increasing demand for robust connectivity solutions. Wi-Fi-enabled LoRa gateways play a pivotal role in providing seamless and high-speed wireless communication, addressing the connectivity needs of diverse applications such as smart cities, industrial IoT, and smart agriculture. The proliferation of connected devices and the rising adoption of IoT across industries have fueled the demand for LoRa gateways with Wi-Fi connectivity, enabling efficient data transmission and ensuring reliable network coverage. This trend is expected to continue, as businesses and industries increasingly recognize the importance of scalable, low-power, and cost-effective wireless communication solutions offered by LoRa technology integrated with Wi-Fi capabilities.

The largest and fastest-growing market category is Motorboats

On the basis of  application, the LoRa Gateway Market is segmented into Smart metering, Smart buildings, Asset tracking, Remote monitoring, Supply chain management, and Others. Among these , in 2022, the Smart Buildings segment is experiencing significant growth, driven by the escalating demand for intelligent and connected infrastructure. LoRa (Long Range) Gateway technology serves as a pivotal component in enabling seamless communication and data exchange among diverse IoT devices within smart buildings. These gateways facilitate the integration of various sensors, actuators, and devices, allowing for efficient monitoring and control of building systems such as lighting, HVAC, security, and energy management. The low-power, long-range capabilities of LoRa technology make it particularly well-suited for smart buildings, ensuring robust connectivity, extended battery life, and cost-effective deployment. As the trend towards smart and sustainable infrastructure continues to gain momentum, the Smart Buildings segment within the LoRa Gateway Market is poised for sustained growth, offering innovative solutions for enhancing operational efficiency, reducing energy consumption, and creating more responsive and adaptive building environments.

The largest and fastest-growing market category is Online

Based on End User Industry, the LoRa Gateway Market is segmented into Agriculture, Logistics, Healthcare, Industrial manufacturing, Energy and utilities, and Others. Out of these, in 2022, healthcare segment is experiencing significant growth. The deployment of LoRa (Long Range) technology in healthcare segments is proving instrumental in enhancing connectivity and data management, fostering the evolution of smart healthcare solutions. LoRa Gateways facilitate seamless communication between a myriad of medical devices, enabling real-time monitoring, data collection, and analysis. This transformative connectivity empowers healthcare professionals with timely insights, leading to more effective patient care, streamlined operations, and optimized resource utilization. As the healthcare sector increasingly embraces the potential of LoRa Gateways, the industry is poised for sustained growth, marking a pivotal shift towards more connected and efficient healthcare ecosystems.

Geographical Analysis of LoRa Gateway Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, North America region has witnessed remarkable growth, driven by the increasing adoption of Internet of Things (IoT) technologies across various industries. LoRa (Long Range) technology, known for its low-power, wide-area networking capabilities, has gained prominence as a preferred choice for connecting a multitude of IoT devices. The region’s robust infrastructure, coupled with the rising demand for smart city solutions, industrial automation, and agricultural applications, has fueled the deployment of LoRa Gateways. Moreover, the scalability, cost-effectiveness, and extended range of LoRa technology contribute to its growing popularity in North America, fostering a thriving market for LoRa Gateways and facilitating seamless connectivity for diverse IoT ecosystems. As businesses and municipalities continue to embrace IoT solutions, the North American LoRa Gateway market is poised for sustained expansion.

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Competitive Landscape

The key players studied in the report are Semtech Corporation, Cisco Systems Inc., Huawei Technologies Co. Ltd., Comcast Corporation, Hewlett Packard Enterprise, NETGEAR Inc., TEKTELIC Communications Inc., Kerlink, Embit S.R.L., IMST GmbH, Aaeon Technology Inc, Laird Connectivity, Multi-Tech Systems Inc., Loriot SAS, Link Labs Inc., Senet Inc., WI-SUN Alliance, Actility S.A., The Things Industries B.V., Libelium Comunicaciones Distribuidas S.L., among others.

Recent Developments

  • In January 2023, Kerlink launched the Wanesy Management Center, a new platform to operate and manage LoRaWAN infrastructures more efficiently. The platform enables improved quality of service and reduced costs.
  • In September 2022, Sierra Wireless partnered with Emirates Telecommunications Group Company to provide managed IoT services in UAE based on LoRaWAN technology.
  • In March 2022, TEKTELIC introduced the Kona Site Connector, a cellular LoRa gateway for large-scale IoT deployments across smart cities, utilities and enterprises. The gateway provides plug-and-play connectivity.
  • In June 2022, Comcast acquired control of LoRaWAN network provider Senet to expand its machineQ IoT platform and connectivity options.
  • In May 2021, Cisco launched two new industrial routers with embedded LoRaWAN capabilities, IR1835 and IR1833, enabling connectivity for utilities and manufacturing use cases,
  • In November 2021, Orange partnered with Actility to deploy LoRaWAN-based IoT networks for customers globally, starting with French and Spanish enterprises.

LoRa Gateway Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current LoRa Gateway Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of LoRa Gateway Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Solar Vehicle Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the LoRa Gateway Market along with the current trends and future estimations to depict imminent investment pockets. The overall Solar Vehicle industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the LoRa Gateway Market are also analyzed.

Global LoRa Gateway Market Segmentation

Market Segmentation

By Connectivity

  • Cellular
  • Ethernet
  • Wi-Fi
  • Others

By Application

  • Smart metering
  • Smart buildings
  • Asset tracking
  • Remote monitoring
  • Supply chain management
  • Others

By End User Industry

  • Agriculture
  • Logistics
  • Healthcare
  • Industrial manufacturing
  • Energy and utilities
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

  • Semtech Corporation
  • Cisco Systems, Inc.
  • Huawei Technologies Co. Ltd.
  • Comcast Corporation
  • Hewlett Packard Enterprise
  • NETGEAR, Inc.
  • TEKTELIC Communications Inc.
  • Kerlink
  • Embit S.R.L.
  • IMST GmbH
  • Aaeon Technology Inc
  • Laird Connectivity
  • Multi-Tech Systems, Inc.
  • Loriot SAS
  • Link Labs, Inc.
  • Senet, Inc.
  • WI-SUN Alliance
  • Actility S.A.
  • The Things Industries B.V.
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Synchronous Optical Network Market
December, 2023

New York, December 2023: According to a new research study by Global Insight Services (GIS), the Synchronous Optical Network Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.4 billion by 2032.

Synchronous Optical Network (SONET) is a high-speed telecommunications network technology that is used to transport digital data. It is a digital transmission protocol which is based on optical fiber cables and is used for transmitting large amounts of data over long distances. SONET is used in the core of the telecommunications network, providing the backbone for voice, video, and data communications.

SONET is a very efficient network technology because it is capable of transmitting data at very high speeds. It can provide data rates of up to 10 gigabits per second. It is also a very reliable form of network technology because it is designed to be fault tolerant. SONET is capable of self-healing and can detect and correct errors quickly.

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Global Synchronous Optical Network Market: Market Drivers and Trends

The key drivers of the Synchronous Optical Network market are the increasing demand for high-speed data communication, the need for reliable transmission of large amounts of data, and the rising demand for high-quality video transmission.

The demand for high-speed data communication is driven by the increasing need for businesses and consumers to access and store data quickly. The need for reliable transmission of large amounts of data is driven by the need to transfer files quickly and securely. Businesses and consumers also have an increasing need for high-quality video transmission, which is becoming increasingly important in the digital age. The increasing demand for high-speed data communication has led to a rise in the number of Synchronous Optical Network connections being deployed. This is because SONET is capable of providing high-speed data communication over large distances. This is particularly important for businesses that need to transfer large amounts of data over long distances, such as video streaming, online gaming, and cloud computing.

The need for reliable transmission of large amounts of data has also driven the demand for SONET. This is because SONET is capable of providing reliable transmission of data over long distances. This is especially important for businesses that need to transfer large amounts of data securely and quickly.

Global Synchronous Optical Network Market: Market Restraints and Challenges

The synchronous optical network (SONET) is an optical fiber-based transmission system that is widely used by telecommunications companies for the transmission of digital signals. It is the backbone of the public switched telephone network (PSTN) in North America and is used to transmit voice and data traffic. SONET is a widely accepted technology, but there are several key restraints and challenges that can affect its adoption and use.

The first key restraint is the cost associated with implementing SONET. SONET requires specialized equipment and trained personnel, which can be costly. Additionally, the installation and maintenance of SONET can be complex and expensive. This can be a major barrier for some organizations that may not have the resources or expertise to install and maintain SONET.

Another key restraint is the complexity of SONET. SONET is a very complex system and requires a high level of expertise to install and maintain. This complexity can be a major barrier for organizations that lack the resources or expertise to manage and maintain the system. Additionally, the complexity of SONET can lead to problems with interoperability between different vendors’ systems, which can be an issue for organizations that need to use multiple vendors for their SONET networks.

Global Synchronous Optical Network Market Report Findings

https://www.globalinsightservices.com/reports/synchronous-optical-network-market/

The fiber optic circulators segment is likely to hold the major share of the market in 2022

Based on hardware, the market is divided into optical fiber, optical transceiver, fiber optic circulators, optical amplifiers, optical splitters, and others. The fiber optic circulators segment had the highest revenue share in 2022 and is expected to continue to dominate the market over the period.

The aerospace & defense segment is likely to hold the major share of the market in 2022

Based on industry vertical, it is bifurcated into aerospace & defense, manufacturing, oil & gas, transportation, government, energy & utilities, and others. The aerospace & defense segment has dominated the market in 2022 and expected to expand the fastest.

The dense wavelength division multiplexing segment is likely to hold the major share of the market in 2022

By technology, it is bifurcated into time division multiplexing and dense wavelength division multiplexing. The dense wavelength division-multiplexing segment is expected to be the largest segment in the Synchronous Optical Network Market in 2022.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, the North America region Synchronous Optical Network Market had the highest revenue share followed by Asia Pacific. North America’s market growth may be ascribed to the early adoption of SONET and optical fiber networks, as well as significant R&D investments in sophisticated networking technologies. In 2022, the Asia Pacific market is estimated to be the second largest for Synchronous Optical Network Market. The strong demand for SONET equipment from growing economies such as China, India, and Southeast Asian countries is attributable to the rise. During the projection period, the Middle East and Africa market is predicted to be the fastest-growing market for Synchronous Optical Network Market. The Middle East and Africa market is expanding due to increased expenditures to upgrade communication infrastructure across nations.

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Competitive Landscape

The key players studied in the global Synchronous Optical Network Market are MRV Communications Inc. , ADVA Optical Networking SE , Verizon Communications Inc., Cisco Systems Inc., Clena Corporation , Ericsson Inc. , Alcatel- Lucent Inc. , JDS Uniphase Corporation, Fujitsu Ltd., and Huawei Technology Co. Ltd. among others.

Global Synchronous Optical Network Market: Recent Developments

  • In March 2022, Huawei introduced the MA5800-X17, the industry’s first 50G PON OLT, to assist operators in building high-quality ultra-broadband full-fiber access networks. This announcement solidifies Huawei’s position as the market leader in 50G PON.
  • In October 2021, Lumentum paid $918 million buying NeoPhotonics in order to expedite its optical networking plan. Lumentum’s vertical integration skills will be strengthened because of this purchase.
  • In January 2021, The FSP 150-XG118Pro is ADVA’s latest edge device for open optical transport networks. It enables the simple and secure aggregation, filtering, and routing of up to 16 services over a single optical port.
  • In September 2020, Infinera increased its 400G product line, including its seventh-generation Infinite Capacity Engine, to provide revolutionary coherent optical solutions to network operators.
  • In March 2020, Ciena collaborated with CityFibre, Vodafone, and TalkTalk in the United Kingdom to create the country’s wholesale complete fiber platform. This collaboration expands Ciena’s presence in the United Kingdom.

Global Synchronous Optical Network Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Synchronous Optical Network Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global Synchronous Optical Network Market potential from 2022 to 2032 in terms of revenue($ Million), and Volume(Units).
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Synchronous Optical Network Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Security Robots industry.

Global Synchronous Optical Network Market Segmentation

Global Synchronous Optical Network Market Segmentation

By Hardware

  • Optical fiber
  • Optical transceiver
  • Fiber optic circulators
  • Optical amplifiers
  • Optical splitters
  • Others

By Industry Vertical

  • Aerospace & defense
  • Manufacturing
  • Oil & gas
  • Transportation
  • Energy & utilities
  • Government
  • Other

By Technology

  • Time Division Multiplexing
  • Dense Wavelength Division Multiplexing

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

 

 

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Virtual Charter Schools Market
November, 2023

Virtual Charter Schools Market to Reach USD 55.72 Billion by 2032, driven by the growing demand for digital education platforms.: Global Insight Services

New York, November 2023: According to a new research study by Global Insight Services (GIS), the global Virtual Charter Schools Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 55.72 billion by 2032.

Virtual charter schools are educational institutions that provide students with the opportunity to complete their coursework online, typically from the comfort of their own homes. These schools operate under a charter granted by an authorized entity, such as a state or local school board, and are often characterized by a flexible and technology-driven curriculum. Students enrolled in virtual charter schools have the ability to access and complete their lessons remotely, interacting with teachers and peers through digital platforms. This approach to education offers flexibility in scheduling and location, making it an alternative option for students who may face challenges in a traditional brick-and-mortar setting.

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Virtual Charter Schools Market: Key Trends and Drivers

One significant market driver for the Virtual Charter Schools Market is the increasing demand for flexible and personalized education options. Virtual charter schools offer students the flexibility to access high-quality education from the comfort of their homes, accommodating diverse learning styles and schedules. This flexibility is particularly attractive to students facing geographical constraints, health issues, or those seeking an alternative to traditional brick-and-mortar schools. Additionally, the growing recognition of the importance of personalized learning experiences, tailored to individual student needs and pace, has fueled the adoption of virtual charter schools. The ability of these schools to leverage technology for interactive and engaging educational content further enhances their appeal. As the demand for customized and adaptable education solutions continues to rise, the Virtual Charter Schools Market is poised for sustained growth driven by the pursuit of accessible, personalized, and innovative learning environments..

Virtual Charter Schools Market: Restraints and Challenges

One significant market restraint facing the Virtual Charter Schools Market is the persistent challenge of equitable access to technology and high-speed internet connectivity. While virtual charter schools offer the promise of flexible and personalized learning experiences, a substantial portion of the population, particularly in underserved rural or economically disadvantaged areas, may lack access to the necessary technological infrastructure. Limited access to reliable internet connections and digital devices hinders the effective participation of students in virtual classrooms, creating a digital divide that exacerbates educational inequalities. This constraint not only impedes the widespread adoption of virtual charter schools but also underscores the importance of addressing digital accessibility issues to ensure an inclusive and fair educational landscape for all students. As policymakers and educators strive to expand the reach of virtual education, overcoming these connectivity challenges becomes imperative to unlock the full potential of virtual charter schools.

Virtual Charter Schools Market Report Findings

https://www.globalinsightservices.com/reports/virtual-charter-schools-market/

Fastest-growing market category is software segment 

On the basis of  Component, the Virtual Charter Schools Market is segmented into Hardware, Software, and Services. Among these, in 2022, the software segment has witnessed remarkable growth within the Virtual Charter Schools Market. The surge can be attributed to the increasing reliance on digital platforms for remote learning and the demand for versatile, user-friendly software solutions. Virtual charter schools, leveraging advanced educational technologies, have embraced innovative software components that facilitate seamless virtual classrooms, interactive learning modules, and personalized educational experiences. This growth reflects a paradigm shift in the education sector, where virtual learning environments have become integral to delivering quality education beyond traditional brick-and-mortar settings. As the software segment continues to advance, virtual charter schools are well-positioned to redefine the future of education by providing tailored, technology-driven learning experiences for students across diverse backgrounds and geographical locations.

Fastest-growing market category is software segment 

On the basis of  Ownership, the Virtual Charter Schools Market is segmented into Public Schools, Private Schools, and Non-profit Organizations. Among these, in 2022, thePrivate Schools segment has witnessed remarkable growth within the Virtual Charter Schools Market. This surge can be attributed to a confluence of factors, including an increasing recognition of the flexibility and personalized learning opportunities offered by virtual education, especially in the private school sector. As parents and students alike seek alternative and innovative educational models, private virtual charter schools have emerged as a compelling choice. The ownership structure of these schools, characterized by private entities or individuals, has played a pivotal role in fostering adaptability and swift responsiveness to evolving educational needs. This trend reflects a broader paradigm shift towards educational autonomy and customization, positioning private virtual charter schools as key contributors to the transformative landscape of contemporary education.

The largest and fastest-growing market category is cloud-based segment

On the basis of curriculum, the Virtual Charter Schools Market is segmented into General Curriculum, Advanced Curriculum, Special Curriculum, Religious Curriculum, Alternative Curriculum. Among these, in 2022, the Special Curriculumsegment has witnessed remarkable growth within the Virtual Charter Schools Market. Virtual Charter Schools, leveraging online platforms and innovative technologies, have increasingly tailored their offerings to address diverse learning needs. This emphasis on specialized curricula has allowed these schools to accommodate a broader range of students, including those with unique learning requirements, such as special education or gifted and talented programs. The integration of adaptive learning tools and personalized educational approaches within virtual charter schools has played a pivotal role in fostering an inclusive learning environment, contributing to the sector’s expansion and diversification. As the demand for flexible and individualized education continues to rise, the Virtual Charter Schools Market’s commitment to specialized curricula positions it as a dynamic and responsive force in the evolving landscape of education.

The largest and fastest-growing market category is Predictive Analytics segment

Based on grade level, the Virtual Charter Schools Market is segmented into Elementary School, Middle School, High School, and Postsecondary. Out of these, in 2022, the postsecondary education sector has experienced notable growth over the past year, marking a transformative shift in educational delivery methods. The rise of virtual charter schools has been particularly pronounced, catering to diverse student needs in the postsecondary landscape. These institutions leverage digital platforms and technology to provide flexible, accessible, and personalized learning experiences for students beyond the traditional brick-and-mortar setting. The growth in the Virtual Charter Schools Market is indicative of a broader trend toward online and remote education, offering students the opportunity to pursue higher education in a manner that suits their individual circumstances and preferences. As these schools continue to expand, they contribute to the evolving landscape of postsecondary education by fostering innovation and adaptability in response to the dynamic needs of today’s learners.

The largest and fastest-growing market category is Healthcare Emergency Management segment

Based on end-user, the Virtual Charter Schools Market is bifurcated into Students, Teachers, Parents, Administrators, Government Institutes. Among  these, in 2022,  the students segment in the Virtual Charter Schools Market has witnessed remarkable growth. This is owing to the increasing adoption of online education models has fueled the expansion of Virtual Charter Schools, providing students with flexible and accessible learning opportunities. The demand for personalized learning experiences, coupled with advancements in digital education technologies, has attracted a growing number of students to virtual charter schools. This trend is indicative of a broader shift in educational preferences, where students seek alternatives that cater to individual needs and lifestyles. The Virtual Charter Schools market’s remarkable growth within the student segment reflects a transformative period in education, marked by the integration of technology to enhance learning outcomes and adaptability.

Geographical Analysis of Virtual Charter Schools Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, the Virtual Charter Schools Market in North America has experienced notable growth, reflecting a surge in demand for online education solutions. The convergence of technological advancements, changing educational preferences, and the ongoing global circumstances emphasizing remote learning has fueled the expansion of virtual charter schools in the region. As students and parents increasingly seek flexible and personalized learning experiences, virtual charter schools have emerged as a viable alternative, offering a diverse range of courses and extracurricular activities. This growth trend underscores the adaptability and resilience of the education sector in North America, as virtual charter schools continue to play a crucial role in shaping the future of learning in the region.

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Competitive Landscape

The key players studied in the report are K12 Inc, Connections Academy, Florida Virtual School, Lincoln Learning Solutions, Acklam Grange School, Basehor-Linwood Virtual School, Insight PA Cyber Charter School, Nevada Virtual Academy, GOAL Academy, Charter Schools USA, among others.

Recent Developments

  • In September 2022, K12 Inc partnered with Hazel Health to provide on-demand pediatric telehealth services to students. This enables access to healthcare without missing classes.
  • In March 2022, Perdoceo Education acquired DigitalCrafts, a provider of bootcamp training programs to expand into reskilling.
  • In January 2021, Stride Inc. acquired Tech Elevator, a provider of in-person and online coding bootcamps for working adults.In June 2021, Florida Virtual School launched new online curriculum for computer science and cybersecurity to expand its course offerings.
  • In November 2020, K12 Inc. partnered with VHS Learning to provide broader course catalog to high school students.
  • In April 2020, StrongMind launched digital curriculum focused on vocational education and living skills for high school students.

Virtual Charter Schools Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Virtual Charter Schools Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Virtual Charter Schools Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Virtual Charter Schools Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Virtual Charter Schools Market along with the current trends and future estimations to depict imminent investment pockets. The overall Virtual Charter Schools industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Virtual Charter Schools Market are also analyzed.

Global Virtual Charter Schools Market Segmentation

Market Segmentation

By  Component

  • Hardware
  • Software
  • Services

By Ownership 

  • Public Schools
  • Private Schools
  • Non-profit Organizations

By Curriculum

  • General Curriculum
  • Advanced Curriculum
  • Special Curriculum
  • Religious Curriculum
  • Alternative Curriculum

By Grade Level

  • Elementary School
  • Middle School
  • High School
  • Postsecondary

By End-user

  • Students
  • Teachers
  • Parents
  • Administrators
  • Government Institutes

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

  • K12 Inc
  • Connections Academy
  • Florida Virtual School
  • Lincoln Learning Solutions
  • Acklam Grange School
  • Basehor-Linwood Virtual School
  • Insight PA Cyber Charter School
  • Nevada Virtual Academy
  • GOAL Academy
  • Charter Schools USA
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Public Safety Analytics Market
November, 2023

Public Safety Analytics Market to Reach USD 36.10 Billion by 2032, driven by the increasing security risks, public safety authorities must interact and share information about potential threats to develop a preventive strategy to assure optimal safety: Global Insight Services

New York, November 2023: According to a new research study by Global Insight Services (GIS), the global Public Safety Analytics Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 36.10 billion by 2032.

Public Safety Analytics is the practice of using data and analytical tools to inform decision-making in public safety contexts. This includes using data to inform the development of policy and strategies to improve public safety, as well as to monitor and measure the efficacy of those strategies. Public safety analytics can be used to identify trends and patterns in crime or other public safety issues, and to inform decisions about where and how to allocate resources.

Public safety analytics relies on data from a variety of sources, including police reports, emergency medical services (EMS) records, and crime statistics. This data is collected, analyzed, and used to identify potential areas of public safety concern, as well as to identify patterns of criminal behavior. The analysis of this data can be used to inform decisions about the deployment of police officers, the allocation of resources, and the development of new public safety policies and strategies.

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Public Safety Analytics Market: Key Trends and Drivers

A key market driver propelling the growth of the Public Safety Analytics Market is the increasing emphasis on leveraging advanced data analytics to enhance public safety outcomes. As governments and law enforcement agencies worldwide confront evolving security challenges, there is a growing recognition of the value that analytics-driven insights bring to proactive threat detection, resource optimization, and strategic decision-making. The integration of sophisticated analytics tools enables timely identification of patterns, trends, and potential risks, empowering public safety entities to respond more effectively to emergencies, prevent crimes, and allocate resources efficiently. This heightened focus on data-driven solutions underscores the pivotal role of Public Safety Analytics in fostering a safer and more secure environment for communities globally, thereby driving market expansion.

Public Safety Analytics Market: Restraints and Challenges

The Public Safety Analytics Market faces several notable restraints that can impede its growth and effectiveness. One significant challenge is the complex nature of integrating diverse data sources, as public safety agencies often deal with vast amounts of heterogeneous data. The lack of standardized formats and interoperability issues can hinder seamless data sharing and analysis, limiting the overall efficacy of public safety analytics solutions. Additionally, concerns related to data privacy and security pose substantial obstacles, as the sensitive nature of public safety data requires robust safeguards to prevent unauthorized access and misuse. Moreover, budget constraints within public safety agencies may limit their ability to invest in advanced analytics technologies, hindering the adoption and deployment of sophisticated solutions that could enhance operational efficiency and response capabilities. These restraints collectively contribute to the nuanced landscape in which the Public Safety Analytics Market operates, necessitating careful consideration and strategic approaches to overcome these challenges.

Public Safety Analytics Market Report Findings

https://www.globalinsightservices.com/reports/public-safety-analytics-market/

fastest-growing market category is software segment 

On the basis of component, the Public Safety Analytics Market is segmented into software, and services. Software segment further sub categorised into Record Management, Investigation Management, Location Management, Criminal Intelligence, Crime Analysis, and Other Software. The software segment in the Public Safety Analytics Market is experiencing robust growth, driven by increasing demand for advanced analytics solutions to enhance public safety and law enforcement efforts. As governments and public safety agencies strive to leverage data-driven insights for crime prevention, emergency response optimization, and overall public security enhancement, there is a rising need for sophisticated software solutions. These include predictive analytics, real-time monitoring, and incident response management tools. The continuous advancements in technology, such as artificial intelligence and machine learning, are further fueling the development of innovative software components, contributing significantly to the expansion of the Public Safety Analytics software market.

The largest and fastest-growing market category is cloud-based segment

Based on deployment mode, the Public Safety Analytics Market is segmented into On-premise, and Cloud-based. The Cloud-based segment in the Public Safety Analytics market has witnessed substantial growth driven by the increasing recognition of the scalability, flexibility, and cost-effectiveness offered by cloud deployment models. Public safety agencies are increasingly adopting cloud-based analytics solutions to leverage advanced data processing capabilities and enhance their ability to predict, prevent, and respond to various safety and security challenges. Cloud-based deployments enable seamless access to critical information from diverse sources, fostering real-time decision-making and collaboration among different stakeholders. Additionally, the scalability of cloud infrastructure allows public safety organizations to efficiently manage and analyze large volumes of data, leading to more effective crime prevention strategies and overall improved public safety outcomes. As the demand for sophisticated analytics solutions continues to rise, the Cloud-based segment is expected to play a pivotal role in shaping the future landscape of public safety analytics.

The largest and fastest-growing market category is Predictive Analytics segment

Based on analytics type, the Public Safety Analytics Market is bifurcated into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics. The Predictive Analytics segment within the Public Safety Analytics market is experiencing robust growth, driven by an increasing recognition of its pivotal role in enhancing preemptive decision-making for law enforcement, emergency services, and public safety agencies. As organizations seek more proactive approaches to handle complex security challenges, predictive analytics emerges as a crucial tool, leveraging advanced algorithms and historical data to forecast potential incidents. This strategic shift towards predictive capabilities empowers public safety entities to allocate resources efficiently, anticipate trends, and respond swiftly to emerging threats. The escalating demand for sophisticated analytical solutions that can anticipate and mitigate risks is propelling the expansion of the Predictive Analytics segment, positioning it as a key driver in shaping the future landscape of Public Safety Analytics.

The largest and fastest-growing market category is Healthcare Emergency Management segment

Based on application, the Public Safety Analytics Market is bifurcated into Incident Response, Crime Analytics, Traffic Management, Healthcare Emergency Management, Critical Infrastructure Protection, and Others. The Healthcare Emergency Management segment is witnessing robust growth within the Public Safety Analytics Market as organizations increasingly recognize the critical importance of leveraging advanced analytics for efficient crisis response in the healthcare sector. The integration of analytics solutions enables real-time monitoring of healthcare emergencies, enhances situational awareness, and facilitates data-driven decision-making. The rising emphasis on public safety and the need for proactive emergency preparedness in healthcare settings, including hospitals and clinics, are driving the adoption of analytics tools tailored for the unique challenges of the healthcare emergency management landscape. This growth is further fueled by the escalating demand for streamlined coordination, resource optimization, and swift response mechanisms, ultimately contributing to the overall advancement of public safety analytics in the healthcare domain.

The largest and fastest-growing market category is Law Enforcement segments

Based on end-use industry, the Public Safety Analytics Market is bifurcated into Law Enforcement, Fire and Emergency Services, Transportation, Healthcare, Utilities, and Others. The Law Enforcement segment in the Public Safety Analytics market is experiencing robust growth driven by the increasing need for advanced analytics tools to enhance operational efficiency and decision-making within law enforcement agencies. The adoption of data-driven approaches is becoming crucial for law enforcement to tackle evolving security threats and optimize resource allocation. Public Safety Analytics solutions enable law enforcement agencies to analyze large datasets, identify patterns, and extract actionable insights, thereby improving overall situational awareness. The integration of predictive analytics and real-time data processing empowers law enforcement to proactively address crime trends, allocate resources effectively, and enhance public safety outcomes. As governments worldwide prioritize modernization initiatives in the law enforcement sector, the demand for Public Safety Analytics solutions is expected to continue its upward trajectory.

Geographical Analysis of Public Safety Analytics Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, the North America region has witnessed significant growth in the Public Safety Analytics Market, driven by there is a pronounced drive for enhanced transparency in law enforcement, as evidenced by a Mark43 survey revealing that 93% of Americans advocate for increased openness in data sharing. Recognizing the importance of cybersecurity, 60% of the general community believes in equipping the police for success. To meet these expectations and build trust, there’s a compelling demand for digital transformation within the public safety sector. The adoption of a cloud-native platform emerges as a pivotal solution, allowing law enforcement agencies to prioritize safety and security while achieving heightened transparency through comprehensive data collection and sharing.

Further bolstering this transformative momentum is a government investment of $0.5 million, aimed at expanding a facility’s capacity and incorporating new ballistics technology. This strategic funding targets the reduction of processing time for shell casings, contributing to the efficiency of a statewide network of ten Crime Analysis Centers. These centers, providing crucial information and support to federal, state, and local law enforcement agencies, stand to benefit from increased staffing—made possible by the allocated investment. Moreover, video analytics are playing a pivotal role in the Thunder Bay Police Service’s investigative efforts, covering a spectrum of cases from missing persons to violent crimes. However, the surge in video recordings and surveillance footage, driven by technological advancements, poses significant challenges in data processing and evaluation. This underscores the growing market need for advanced solutions that can efficiently manage and analyze the escalating volume of video data, driving innovation and adoption in the North American public safety sector.

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Competitive Landscape

The key players studied in the report are Cisco Systems Inc., General Dynamics Corporation, IBM Corporation, Telefonaktiebolaget LM Ericsson, L3Harris Technologies Inc., NEC Corporation, Atos SE, Motorola Solutions Inc., CentralSquare Technologies, Hexagon AB, Esri Inc., Sun Ridge Systems Inc., and Telstra Corporation Limited., among others.

Recent Developments

  • In December 2022, Germany-based cybersecurity startup VMRay fixed a 34 million USD deal with Tikehau Capital to help the company expand into new target markets by providing superior threat detection and analysis services.
  • In September 2022, the government of Canada announced an investment of 1.9 million USD over three years for Phase 2 of their Terrorist Content Analytics Platform (TCAP). This secure online application automates the identification, notification, and analysis of verified terrorist content. TCAP will contribute towards the safety of Canadians by addressing harmful online information in novel and efficient ways and collaborating with international allies to thwart terrorist and extremist operations in a fast-evolving digital environment.
  • In September 2022 , Tyler Technologies signed a contract with Putnam County Sheriff’s Office in New York for Enterprise public safety suite. This cloud-based application makes sense of the information from each service request, the report collected, the arrest made, and the suspect booked. Fire and emergency medical services will respond more quickly and accurately by using this app.
  • In October 2022,  in India, Honeywell Automation designed an AI-based Video Analytics solution for Banglore Police. This will help the police authorities implement decisions quickly in emergencies, thereby keeping the city safe. Around 7500 cameras will be installed in 3000 locations throughout the city, including 6300 fixed cameras, 800 pan-tilt-zoom cameras, and 400 high-resolution cameras.
  • In July 2022, iBwave launched a new smartphone-based coverage verification solution. A palm-sized RF scanner attaches to the backside of an Android smartphone.iBwave is expanding its target market to focus on campus networks, private networks, and public safety.

Public Safety Analytics Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Public Safety Analytics Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Public Safety Analytics Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Public Safety Analytics Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Public Safety Analytics Market along with the current trends and future estimations to depict imminent investment pockets. The overall Public Safety Analytics industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Public Safety Analytics Market are also analyzed.

Global Public Safety Analytics Market Segmentation

By Component

  • Software
    • Record Management,
    • Investigation Management
    • Location Management
    • Criminal Intelligence
    • Crime Analysis
    • Other Software
  • Services

By Deployment Model

  • On-premise
  • Cloud-based

By Analytics Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

By Application

  • Incident Response
  • Crime Analytics
  • Traffic Management
  • Healthcare Emergency Management
  • Critical Infrastructure Protection
  • Others

By End-use Industry

  • Law Enforcement
  • Fire and Emergency Services
  • Transportation
  • Healthcare
  • Utilities
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

  • Autodesk Inc.
  • IES (Integrated Environmental Solutions)
  • Bentley Systems
  • Dassault Systèmes
  • EnergyPlus
  • CYPE Software
  • DesignBuilder Software
  • IESVE (IES Virtual Environment)
  • eQUEST
  • Trane Technologies
  • IES TaP
  • IES SCAN
  • Trimble
  • EnergySoft
Read More

Building Energy Simulation Software Market
November, 2023

Building Energy Simulation Software Market to Reach USD 11.5 Billion by 2032, driven by the increasing adoption of green buildings globally: Global Insight Services

New York, November 2023: According to a new research study by Global Insight Services (GIS), the global Building Energy Simulation Software Market is expected to grow rapidly over the next 10 years to reach a value of more than USD 11.5 billion by 2032.

Bioprocessing bags are a flexible and customisable solution used for the safe handling of liquids within a bioprocess environment. Bioprocessing bags are used from small-scale research through to full-scale production. These bags are commonly used for the storage, transport, and handling of liquids such as blood, pharmaceutical solutions, and other biopharmaceutical substances. Featuring a flexible and single-use design, Building Energy Simulation Software offer advantages in terms of minimizing contamination risks and providing a convenient and cost-effective solution for various medical applications. They play a crucial role in maintaining the integrity of biological materials during manufacturing processes and are particularly prevalent in biopharmaceutical production for their adaptability and ease of use..

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Building Energy Simulation Software Market: Key Trends and Drivers

A significant market driver for the Building Energy Simulation Software Market is the escalating demand for biopharmaceuticals and the subsequent need for efficient and flexible single-use bioprocessing solutions. Building Energy Simulation Software offer advantages such as reduced risk of cross-contamination, lower cleaning and validation costs, and increased flexibility in manufacturing processes, which align with the growing trend toward modular and flexible production in the biopharmaceutical industry. The increasing focus on cost-effectiveness, speed, and scalability in bioprocessing operations has spurred the adoption of single-use systems, with Building Energy Simulation Software emerging as a key component. Additionally, the ability of Building Energy Simulation Software to cater to a wide range of applications, from cell culture and fermentation to media storage and transportation, positions them as a versatile and indispensable solution, further propelling the growth of the Building Energy Simulation Software Market.

The surging demand for biologics, including vaccines, monoclonal antibodies, and gene therapies, particularly for applications like cancer treatment, has directly shaped the trajectory of the Building Energy Simulation Software market. Biologics, encompassing drugs and therapeutics developed to address diverse diseases, have witnessed a growing need, and the Building Energy Simulation Software market is responding to this demand. The market is further influenced by advancements in healthcare technology, contributing to exponential growth. Notably, Building Energy Simulation Software play a role in sustainability efforts by minimizing unnecessary water usage. An illustrative example is the collaboration between Samsung Biologics and AstraZeneca in September 2020, where they joined forces to produce extensive medicinal materials and bioprocessing machinery, primarily focusing on cancer therapy and addressing the demands arising from the COVID-19 pandemic in 2021.

Building Energy Simulation Software Market: Restraints and Challenges

The Building Energy Simulation Software market, while witnessing significant growth, faces certain restraints that impede its full potential. One notable limitation is the concerns regarding the leaching of substances from the plastic materials used in Building Energy Simulation Software into the biopharmaceutical products they contain. As the industry demands high purity and stringent quality standards, any potential interaction between the plastic components of the bags and the sensitive biologics poses a challenge. Regulatory scrutiny on the materials used in these bags, coupled with the need for thorough validation processes, adds complexity and cost to manufacturing. such factors will hinders the industry growth during forecast timeframe.

Building Energy Simulation Software Market Report Findings

https://www.globalinsightservices.com/reports/building-energy-simulation-software-market/

fastest-growing market category is software segment 

On the basis of component, the Building Energy Simulation Software Market is segmented into software, services, and others. In 2022, the Softwares segment is experiencing robust growth, driven primarily by the increasing emphasis on sustainable building practices and energy efficiency is fueling the demand for sophisticated simulation tools. These software solutions, encompassing advanced modeling, analysis, and optimization capabilities, are becoming indispensable for architects, engineers, and developers striving to design environmentally responsible structures. The software’s ability to simulate various building scenarios, predict energy consumption, and optimize performance aligns with the growing global focus on green construction practices. As regulatory frameworks tighten and energy-efficient design becomes a priority, the software component is emerging as a key driver in shaping the trajectory of the Building Energy Simulation Software market. This growth underscores the pivotal role software plays in revolutionizing the way the construction industry approaches energy efficiency and sustainable building design.

The largest and fastest-growing market category is cloud-based segment

Based on deployment mode, the Building Energy Simulation Software Market is segmented into On-premise, and Cloud-based. The Building Energy Simulation Software market has witnessed a substantial growth trajectory, with the Cloud-based segment emerging as a key driver of this expansion. The adoption of cloud deployment mode in building energy simulation software has gained momentum due to its inherent advantages, such as scalability, accessibility, and cost-effectiveness. Organizations are increasingly turning to cloud-based solutions to overcome infrastructure limitations and enhance the flexibility of their energy simulation processes. This shift enables users to conduct simulations remotely, collaborate seamlessly, and leverage the computational power of cloud resources. As sustainability and energy efficiency become paramount concerns in the construction and real estate sectors, the Cloud-based segment is expected to continue its robust growth, empowering businesses to optimize building performance and make informed decisions for a greener future.

The largest and fastest-growing market category is SME’s segment

Based on Organization Size, the Building Energy Simulation Software Market is bifurcated into SME’s, and Large Enterprises. The Building Energy Simulation Software market has witnessed significant growth, with a notable surge in adoption within the Small and Medium-sized Enterprises (SMEs) segment. SMEs, driven by a growing awareness of energy efficiency and sustainability, are increasingly investing in advanced simulation tools to optimize building performance and reduce energy consumption. These organizations recognize the importance of integrating Building Energy Simulation Software to achieve cost savings, meet regulatory requirements, and contribute to environmental goals. As SMEs continue to prioritize sustainable practices, the demand for user-friendly and cost-effective simulation solutions is likely to drive further expansion in this market segment.

The largest and fastest-growing market category is Commercial Building segment

Based on application, the Building Energy Simulation Software Market is bifurcated into Commercial Buildings, Residential Buildings, Government Buildings, and Others. The commercial building segment in the Building Energy Simulation Software market has witnessed significant growth driven by a surge in demand for sustainable and energy-efficient solutions. As businesses increasingly prioritize environmental responsibility and cost savings, there has been a heightened focus on optimizing energy consumption in commercial structures. Building Energy Simulation Software plays a pivotal role in this trajectory by enabling detailed analysis and simulation of various energy scenarios within commercial buildings. This empowers stakeholders to make informed decisions regarding design, HVAC systems, and overall energy management, ultimately leading to reduced energy costs and a smaller environmental footprint. The robust growth in the commercial building segment underscores the industry’s recognition of the pivotal role that simulation software plays in achieving long-term sustainability goals.

The largest and fastest-growing market category is Government and Defense segments

Based on end-user, the Building Energy Simulation Software Market is bifurcated into architecture & construction, Government & Defense, Automotive & Transportation, Manufacturing & Engineering, and Others. The Building Energy Simulation Software market has witnessed substantial growth, driven in part by increasing demand from end-users, especially in the Government and Defense segments. Governments worldwide are emphasizing energy efficiency and sustainable practices in their buildings to meet environmental goals and reduce operational costs. The Defense sector, with its focus on secure and resilient infrastructure, is adopting advanced simulation tools to optimize energy usage in its facilities. As these end-users prioritize efficient building management, the demand for sophisticated energy simulation software is expected to continue rising, propelling further expansion in the market.

Geographical Analysis of Building Energy Simulation Software Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, the North America region has witnessed significant growth in the Building Energy Simulation Software market, driven by a confluence of factors fostering sustainable building practices and energy efficiency. The increasing awareness of environmental impact, stringent regulations, and a growing emphasis on green building initiatives have propelled the demand for sophisticated simulation tools. These software solutions enable architects, engineers, and building professionals to model and analyze energy performance, optimize designs, and adhere to stringent energy standards. The region’s commitment to sustainable development, coupled with technological advancements in simulation software, positions North America as a dynamic hub for innovation in building energy efficiency, contributing to the market’s robust expansion.

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Competitive Landscape

The key players studied in the report are Autodesk Inc., IES (Integrated Environmental Solutions), Bentley Systems, Dassault Systèmes, EnergyPlus, CYPE Software, DesignBuilder Software, IESVE (IES Virtual Environment), Carrier, eQUEST, Trane Technologies, IES TaP, IES SCAN, Trimble, EnergySoft, among others.

  • In March 2022, Autodesk launched Autodesk Tandem, a new building design software that uses cloud computing to perform multiple energy simulations in parallel for faster analysis. It aims to help architects evaluate design decisions related to sustainability at the earliest stages.
  • In January 2021, Sefaira introduced Sefaira Pro, a building design software for architects that offers enhanced energy modeling capabilities and core BIM integrations with tools like Revit. It aims to simplify and accelerate the building design optimization process.
  • In November 2020, EnergyPlus version 9.5 was released by the US Department of Energy with enhanced features such as support for solid desiccant systems, airflow network simulations, PV battery storage modeling capabilities. It enables more accurate modeling for innovative building equipment.

Building Energy Simulation Software Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Building Energy Simulation Software Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Building Energy Simulation Software Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Building Energy Simulation Software Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Building Energy Simulation Software Market along with the current trends and future estimations to depict imminent investment pockets. The overall Building Energy Simulation Software industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Building Energy Simulation Software Market are also analyzed.

Global Building Energy Simulation Software Market Segmentation

By Component

  • Software
  • Services
  • Others

By Deployment Model

  • On-premise
  • Cloud-based

By Organization Size

  • SMEs
  • Large Enterprises

By Application

  • Commercial Buildings
  • Residential Buildings
  • Government Buildings
  • Others

By End-use Industry

  • Architecture & Construction
  • Government & Defense
  • Automotive & Transportation
  • Manufacturing & Engineering
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa
Key Players
  • Autodesk Inc.
  • IES (Integrated Environmental Solutions)
  • Bentley Systems
  • Dassault Systèmes
  • EnergyPlus
  • CYPE Software
  • DesignBuilder Software
  • IESVE (IES Virtual Environment)
  • eQUEST
  • Trane Technologies
  • IES TaP
Read More

Dealer Management System Market
November, 2023

New York, November 2023: According to a new research study by Global Insight Services (GIS), the Dealer Management System market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 21.1 billion by 2032.

A dealer management system (DMS) is software that equips dealers with powerful tools. The platform includes actual-time insights, automates tasks, and turns data into profitable growth, all on a single platform built especially for several dealerships. The dealer management systems also allow payroll services, seamless financial reporting, and cash flow management. The systems integrate a suite of the finest technologies, such as business intelligence & reporting, customer relationship management (CRM), and inventory management. They further assist dealers in enhancing customer conversions and customer retention, allowing them to maintain a remote help desk.

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Dealer Management System Market: Key Drivers

Over the past few years, the automotive sector has experienced numerous technological advancements. The impact of modern technologies has shaped the automotive sector over the course. The advancements in digital technologies have made it possible for automobiles to implement advanced solutions. The DMS is an optimal solution for automobile companies involved in spare parts inventory and work order management tasks. The system incorporates CRM and business intelligence tools to track automobile manufacturer and customer relationships. Several car dealers use DMS to manage their inventory and sales. These systems also enable car dealers to streamline interactions between customers, dealers, and original equipment manufacturers (OEMs).

Moreover, DMS supports the unique needs of the retail automotive industry. The DMS drives the sales of new & used vehicles, consumer financing, repair & maintenance services, and vehicle & parts inventory management. Besides, DMS allows cash flow management, financial reporting, and payroll services. The system incorporates OEM data processing systems and allows automotive retailers to order vehicles & parts, process warranties, and receive vehicle records.

Thus, the increasing adoption of innovative dealer management systems in the automotive sector propels market growth.

Dealer Management System Market: Market Restraints and Challenges

In this day and age, cyber security should be a top priority in companies of all types and sizes. The number of threats and their sophistication is increasing by the day. Data has become the lifeblood of most organizations and the major driver of day-to-day operations and top-level decision-making. Security breaches that lead to loss of data can result in a catastrophe. Not taking cyber security seriously can lead to irreparable reputational damage, fines & issues with licensing in the case of regulated businesses, adverse media coverage, increased anxiety & stress levels in the workforce, business interruption, and breach of privacy & financial losses. Some DMS solutions are unable to counter cyberattacks. Thus, security concerns due to the lack of cybersecurity measures are acting as a restraining factor for the global dealer management system market.

Dealer Management System Market Report Findings

https://www.globalinsightservices.com/reports/dealer-management-system-market/

The Solution segment is likely to hold the major share of the market in 2022

On the basis of Component, the Dealer Management System Market is segmented into Solution and Services. The Solution segment is expected to have the largest Dealer Management System market share in 2022. The growth of the Dealer Management System (DMS) solution segment can be attributed to several factors. Increasing digitization in the automotive industry, demand for streamlined operations, and the need for efficient inventory management are driving the adoption of DMS. Additionally, advancements in technology, such as the integration of artificial intelligence and data analytics, contribute to enhanced decision-making processes within dealerships. As the automotive retail landscape evolves, DMS providers focusing on user-friendly interfaces and comprehensive features are likely to experience significant growth in their solution segments.

The Cloud-Based segment is likely to hold the major share of the market in 2022

Based on Deployment Type, the Dealer Management System Market is classified into On-Premise and Cloud-Based. The Cloud-Based segment is expected to have the largest Dealer Management System market share in 2022. Over the years, the demand for cloud-based systems is expected to grow substantially due to the cloud-based dealer management system offering enhanced flexibility, scalability, and security to its users. Further, it allows the end users to receive automatic software updates without additional capital expenditures, improving technology competitiveness. Due to these factors mentioned above, the cloud-based dealer management system is expected to receive the main market attraction resulting in market growth.

The Sales segment is likely to hold the major share of the market in 2022

On the basis of Application, the Dealer Management System Market is segmented into Sales, Finance, Inventory Management, Dealer Tracking, Customer Relationship Management, and Others. The Sales segment is expected to have the largest Dealer Management System market share in 2022. The sales segment in the Dealer Management System (DMS) market is experiencing growth due to various factors. One key driver is the rising demand for a seamless and integrated sales process within automotive dealerships. DMS solutions that offer features like customer relationship management (CRM), lead management, and sales analytics contribute to improved efficiency and customer satisfaction. With the increasing competition in the automotive industry, dealerships are inclined to adopt DMS solutions that streamline sales operations, enhance communication, and provide insights for strategic decision-making. As the demand for sophisticated sales tools in the automotive sector continues to grow, the sales segment of the DMS market is expected to expand further.

The Automobile segment is likely to hold the major share of the market in 2022

Based on End User, the Dealer Management System Market is classified into Automobile, Agricultural & Forestry, Construction, Transportation and Logistics, Mining, Motor Sports, Oil & Gas, and Others. The Automobile segment is expected to have the largest Dealer Management System market share in 2022. The automotive sector is increasingly adopting DMS solutions because new and used vehicle sales, consumer finance, vehicle repair & maintenance services, and parts inventory management are all driven by the DMS. Payroll services, financial reporting, and cash flow management are also available. Further, automotive stores may order vehicles & components, handle warranties, and get vehicle records using the system, which integrates with OEM data processing systems. As a result, the automotive sector’s rapid adoption of a novel dealer management system propels market expansion.

The Asia Pacific region is expected to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to dominate the market during the forecast period. This expansion can be attributed to the flourishing automotive industry, rapid urbanization, and increasing consumer demand for technologically advanced solutions. As dealerships in the region recognize the importance of efficient management systems, the adoption of DMS is on the rise. Moreover, the digital transformation initiatives in countries like China and India are accelerating the integration of DMS to streamline operations, improve customer experiences, and optimize overall business efficiency. The evolving automotive landscape in the Asia Pacific presents significant opportunities for DMS providers, contributing to the sustained growth of the market in this region.

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Competitive Landscape

The key players studied in the Dealer Management System market are Autosoft, Inc. (US), be one solutions AG (Switzerland), Bit Dealership Software, Inc. (US), CDK Global LLC (US), COX Automotive (US), Damco Group (US), DealerBuilt (US), Dominion Enterprises (US), e-Emphasys Technologies, Inc. (US), eMsys SolutionsPvt. Ltd. (India), Evopos Ltd (UK), Excellon Software Pvt. Ltd. (India), Integrated Dealer Systems (US), Orange Mantra (India), PBS Systems (Canada), and Wipro Limited (India).

Dealer Management System Market: Recent Developments

  • January 2021, CDK Global, Inc. had launched Neuron, an open, intelligent data platform connected to the Fortellis Automotive Commerce Exchange. Neuron was designed to turn high volumes of industry information into easy-to-understand, actionable insights for dealers, OEMs, and third-party software developers.
  • November 2020, Integrated Dealer Systems had launched IDS Service360, an end-to-end service solution that integrates effectively with the IDS Astra G2 dealership management system. IDS Service360 empowers dealers to work more effectively and collaboratively, helping them manage and reduce their repair event cycle time.
  • February 2020, DealerSocket, Inc. had announced the completion of its acquisition of Auto/Mate (a leader in DMS for automotive dealerships). With this acquisition, the two customer-service-focused companies offer dealers a comprehensive new choice for an all-in-one, intelligent software platform for their dealerships.

Dealer Management System Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Dealer Management System Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Dealer Management System Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Dealer Management System industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Dealer Management System Market along with the current trends and future estimations to depict imminent investment pockets. The overall Dealer Management System industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Dealer Management System Market are also analyzed.

Dealer Management System Market Segmentation

By Component

  • Solution
  • Services
    • Managed Services
    • Professional Services

By Deployment Type

  • On-Premise
  • Cloud-Based
    • Public
    • Private

By Application

  • Sales
  • Finance
  • Inventory Management
  • Dealer Tracking
  • Customer Relationship Management
  • Others

By End User

  • Automobile
  • Agricultural & Forestry
  • Construction
  • Transportation and Logistics
  • Mining
  • Motor Sports
  • Oil & Gas
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

Read More

Consent Management Market
November, 2023

New York, November 2023: According to a new research study by Global Insight Services (GIS), the Consent Management market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.3 billion by 2032.

Consent Management refers to the systematic and ethical handling of user permissions regarding the collection, processing, and storage of their personal data. In the digital age, where data privacy is paramount, organizations use Consent Management platforms to ensure compliance with regulations like GDPR. These platforms facilitate transparent communication with users, detailing the purposes for data usage and allowing individuals to grant or deny consent.

A robust Consent Management system typically includes user-friendly interfaces for consent acquisition, granular control options, and mechanisms for obtaining and recording consent changes over time. Organizations must respect user autonomy, providing clear information on data practices and respecting users’ choices regarding their information. This not only fosters trust but also helps companies avoid legal and reputational risks associated with mishandling personal data.

In essence, Consent Management is a critical component of responsible data governance, emphasizing transparency, user control, and compliance with privacy regulations to navigate the delicate balance between leveraging data for business insights and respecting individual privacy rights.

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Consent Management Market: Key Drivers

The escalating frequency of data breach incidents across diverse industries has become a driving force behind the growing demand for Consent Management solutions. As organizations amass vast amounts of sensitive information, the risk of unauthorized access and data breaches intensifies. Heightened awareness of privacy rights among consumers and the implementation of stringent data protection regulations, such as GDPR and CCPA, necessitate robust Consent Management systems.

These incidents underscore the imperative for organizations to obtain explicit and informed consent from individuals before collecting and processing their personal data. Consent Management platforms offer a structured approach to compliance, enabling companies to navigate complex regulatory landscapes and mitigate the risk of non-compliance penalties. By prioritizing user privacy and providing transparent mechanisms for consent, businesses can enhance trust with their customers, bolster their reputation, and demonstrate a commitment to ethical data practices.

In essence, the surge in data breaches serves as a catalyst for the adoption of Consent Management solutions, emphasizing the vital role these systems play in safeguarding privacy, maintaining regulatory compliance, and fortifying the overall security posture of organizations across various sectors.

Consent Management Market: Market Restraints and Challenges

The burgeoning adoption of alternative privacy tools presents a challenge to the growth of the Consent Management market. As organizations seek comprehensive privacy solutions, they may explore alternatives such as anonymization techniques, encryption protocols, or other privacy-enhancing technologies. These tools aim to protect sensitive information without solely relying on user consent.

Additionally, the integration of privacy features directly into software applications and services may diminish the perceived urgency of standalone Consent Management platforms. Some businesses may opt for a more decentralized approach to privacy protection, using a combination of tools tailored to their specific needs.

However, it’s crucial to note that Consent Management remains a cornerstone of ethical data practices and regulatory compliance. While other privacy tools play a vital role, Consent Management uniquely focuses on empowering individuals with control over their data. As long as regulatory frameworks emphasize user consent as a fundamental right, the Consent Management market may adapt by integrating with and complementing these evolving privacy tools.

Consent Management Market Report Findings

https://www.globalinsightservices.com/reports/consent-management-market/

The Solution segment is likely to hold the major share of the market in 2022

On the basis of Component, the Consent Management Market is classified into Solution and Services. Further, the solution segment is further sub-segmented into Preference Management and Cookie Management. The Solution segment is expected to have the largest Consent Management market share in 2022. The Solution segment in the Consent Management market is experiencing significant growth driven by the increasing emphasis on data privacy and compliance with stringent regulations. Organizations are actively seeking comprehensive solutions to manage user consent effectively and ethically handle personal data. Consent Management solutions typically encompass user-friendly interfaces for consent acquisition, robust mechanisms for tracking and managing consent changes, and integration with existing systems to ensure seamless compliance. The growing complexity of privacy regulations, such as GDPR, CCPA, and others globally, fuels the demand for sophisticated solutions that can adapt to evolving legal frameworks. Moreover, as data breaches and privacy concerns continue to make headlines, businesses are recognizing the importance of investing in dedicated Consent Management solutions to build and maintain trust with their user base. This growth is also influenced by a heightened awareness among consumers regarding their privacy rights, prompting organizations to prioritize transparent and user-centric approaches to data handling.

The Cloud-based segment is likely to hold the major share of the market in 2022

Based on Deployment, the Consent Management Market is classified into On-premises and Cloud-based. The Cloud-based segment is expected to have the largest Consent Management market share in 2022. The growth of the Cloud-based segment in the Consent Management market is driven by its ability to provide scalable, accessible, cost-effective, and rapidly deployable solutions, aligning well with the dynamic and evolving needs of businesses in the realm of data privacy and compliance.

The Government segment is likely to hold the major share of the market in 2022

Based on End-use Industry, the Consent Management Market is segmented into Retail, Government, IT and Telecom, BFSI, Healthcare, Education, Media & Entertainment, and Others. The Government segment is expected to have the largest Consent Management market share in 2022. The government segment’s growth in the Consent Management market is propelled by the increasing need for regulatory compliance, citizen trust-building initiatives, and the ongoing digital transformation of government services. Implementing effective Consent Management systems becomes instrumental in aligning government practices with evolving data protection standards.

The Europe region is likely to hold the major share of the market in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe region is expected to have the largest Consent Management market share in 2022. The Consent Management market is experiencing substantial growth in the Europe region, driven by several key factors. Firstly, the General Data Protection Regulation (GDPR) has played a pivotal role in shaping data protection practices in Europe. The stringent requirements of GDPR mandate transparent and lawful processing of personal data, making robust Consent Management solutions essential for businesses operating in the region. Further, European consumers are increasingly aware of their data privacy rights, leading to a greater demand for transparent and user-centric data handling practices. Consent Management platforms address this awareness by providing individuals with control over their personal information. Moreover, besides GDPR, various European countries have enacted or updated their data protection laws, reinforcing the need for organizations to implement effective Consent Management systems. Adhering to these laws is critical for avoiding hefty fines and maintaining trust with customers. Additionally, with many businesses operating across borders within the European Union, managing cross-border data transfers while ensuring compliance with diverse national data protection laws is a complex challenge. Consent Management solutions offer a standardized approach to navigate this complexity. Furthermore, European businesses are increasingly prioritizing ethical data practices as part of their corporate responsibility. Consent Management contributes to these initiatives by facilitating transparent communication and responsible data handling.

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Competitive Landscape

The key players studied in the Consent Management market are consentmanager (Sweden), Ethyca Inc. (US), OneTrust, LLC (US), Osano, Inc. (US), Say Mine Technologies Ltd. (Israel), Securiti (US), Secuvy, Inc. (US), TATA Consultancy Services Limited (India), Termly Inc (US), and Usercentrics GmbH (Germany).

Consent Management Market: Recent Developments

  • October 2023, the largest and most reputable software marketplace in the world, G2, has once again bestowed several badges onto Usercentrics, a pioneer in the Consent Management Platforms (CMP) industry. Usercentrics has been granted both the European Leader Badge in this area and the global Leader Badge for Consent Management Platforms for Autumn 2023.
  • August 2023, the permission management platform Quantcast Choice has been acquired by InMobi, a supplier of marketing and content monetisation solutions (CMP). The purchase, according to the business, demonstrates InMobi’s dedication to providing online and mobile app publishers with its privacy management platform, which enables them to successfully negotiate the complex and ever-changing privacy landscape.
  • June 2023, the consent management platform (CMP) from OneTrust, the industry leader in trust intelligence, has received Google certification. This means that partners utilising Google publisher products may now comply with IAB Europe’s Transparency and Consent Framework (TCF) regulations. With OneTrust’s CMP, marketers and advertisers can practise responsible data usage and provide openness and consistency in their privacy-first experiences.

Consent Management Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Consent Management Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Consent Management Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Consent Management industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Consent Management Market along with the current trends and future estimations to depict imminent investment pockets. The overall Consent Management industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Consent Management Market are also analyzed.

Consent Management Market Segmentation

By Component

  • Solution
    • Preference Management
    • Cookie Management
  • Services

By Deployment

  • On-premises
  • Cloud-based

By End-use Industry

  • Retail
  • Government
  • IT and Telecom
  • BFSI
  • Healthcare
  • Education
  • Media & Entertainment
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

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Virtual Content Creation Market
November, 2023

New York, November 2023: According to a new research study by Global Insight Services (GIS), the Virtual Content Creation Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 40.1 billion by 2032.

The process of creating digital media such as text, photographs, and videos without the use of automatic AI recognition algorithms is referred to as virtual content creation. It entails using human creativity and skill to create material that seems genuine and real. This method is essential for avoiding AI algorithms meant to detect artificially created material and ensure the content’s acceptability and validity across several internet platforms. Writing articles, developing visuals, editing movies, and recording audio in a way that does not activate AI content detectors are examples of virtual content production in the digital realm.

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Global Virtual Content Creation Market: Market Drivers and Trends

Increasing Demand for Digital Content Creation Services Drives the Market Growth. Companies from a variety of sectors increasingly understand the need to maintain a strong online presence in order to effectively engage their target audience. As a result, there is a growing need for high-quality virtual material, such as films, animations, graphics, and interactive experiences. Businesses are aggressively seeking virtual content production solutions to supplement their marketing techniques, improve consumer contact, and effectively represent their brand narratives in a fiercely competitive digital field.

Global Virtual Content Creation Market: Market Restraints and Challenges

The complexity and steep learning curve related to the software and tools necessary for developing virtual content is a key restriction in the worldwide virtual content development industry. Many modern platforms and software need a certain level of technical competence and familiarity, making entry into the market difficult for novices or smaller enterprises. This complication not only impedes wider adoption but also raises the expense of training and recruiting experienced experts. As a result, it has the potential to impede market expansion, particularly in countries or industries with limited access to tech-savvy individuals.

Global Virtual Content Creation Market Report Findings

https://www.globalinsightservices.com/reports/virtual-content-creation-market/

The videos segment is likely to hold the major share of the market in 2022

Based on content type, the Virtual Content Creation Market is segmented into videos, 360-degree photos, and games. The videos segment is expected to dominate the market during the forecast period. Driven by the rising need for high-quality, compelling visual experiences. Businesses and content creators are looking for novel tools to create interesting and immersive content as video continues to dominate digital platforms. Advances in virtual reality, augmented reality, and AI-powered technologies are fueling this expansion, enabling artists to improve narrative and audience engagement and, in turn, changing the future landscape of dynamic video content.

The software segment is likely to hold the major share of the market in 2022

By component, the market is classified into services, and software. The software segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. driven by an increasing desire for immersive and engaging digital experiences. Businesses and individuals are looking for new methods to interact, educate, and enjoy themselves as technology advances. Virtual content development provides a broad platform for creating interactive and visually attractive material that meets the increased demands of viewers in a variety of industries. The need for novel and effective ways to communicate in an increasingly digitalized environment is fueling the demand for everything from virtual events to augmented reality applications.

The media and entertainment segment is likely to hold the major share of the market in 2022

By end-use, the market is classified into automotive, media & entertainment, travel & hospitality, retail, gaming, healthcare, real estate, and others. The media and entertainment segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. The rise in popularity of virtual reality (VR) material in movies and TV shows, as well as VR’s expanding prominence in gaming, fueled this trend. For example, Valve Corporation’s Steam platform has a wide library of over 600 VR games and applications. Furthermore, the growing use of VR headgear has spurred major streaming providers like as Netflix to release VR-compatible applications for the Quest, Quest 2, and Meta Quest Pro headsets.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Virtual Content Creation Market value followed by Asia-Pacific. The existence of well-established market leaders can be credited to the region’s supremacy. Furthermore, the region’s large expenditures in technology are likely to considerably contribute to market development. Furthermore, the prominence of the media and entertainment, as well as the gaming sectors, in North America, along with a loyal fan base, is expected to create rising market demand in the area.

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Competitive Landscape

The key players studied in the global Virtual Content Creation Market are Autodesk Inc., Adobe, Inc., Matteport, Inc. , Wevr , Vizor, KonceptVR LLC, Porcellus, Inc., 360 Labs, Blippar Group Limited, and Panedia Pty Ltd. among others.

Recent Development

  • In August 2023, Room 8 Group, an outside game development firm, has announced a strategic alliance with ZibraAI, a generative AI and deep-tech expert. They hope to pioneer ethical solutions in virtual content development, focusing on difficulties in the mobile and console/PC sectors. ZibraAI’s generative AI platform, developed to speed content development, handles repetitive artwork jobs, offers game concepts, and covers important developer difficulties such as interactive VFX creation and the generation of 3D elements and characters. This cooperation seeks to push the frontiers of innovation in the ever-changing world of virtual content.
  • In February 2023, Matterport launched a new product called Digital Pro, which is an all-in-one marketing solution developed exclusively for real estate brokers. Digital Pro includes a wide range of services, such as marketing help and content development, all of which are enhanced by Matterport’s superior 3D digital twin technology.

Global Virtual Content Creation Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Virtual Content Creation Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global Virtual Content Creation Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Virtual Content Creation Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Virtual Content Creation Market industry.

Global Virtual Content Creation Market Segmentation

By Solution Type

  • Software
  • Services

By Content Type

  • Videos
  • 360-degree Photos
  • Games

By End-Use

  • Automotive
  • Media & Entertainment
  • Travel & Hospitality
  • Real Estate
  • Retail
  • Gaming
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Music Event Market
September, 2023

New York, September 2023: According to a new research study by Global Insight Services (GIS), the Music Event Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 487 billion by 2032.

Music events are musical performances that include singing and instrument playing with an emphasis on musical genres, which include classical, rock, pop, and metal. Music concerts and music festivals are among the most well-known music events held across the world. These musical events draw a large teenage population in a specific location, allowing the organizers to gain significant cash from sponsorships and merchandising items.

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Music Event Market: Market Drivers and Trends

The rise in the music tourism across the world, Furthermore, the growing fame of musicians and artists throughout the world, as well as their growing international fan base, contribute considerably to the expansion of music tourism. Furthermore, prominent musicians are embarking on musical tours to supplement their income. Live concerts are a big draw for the audience and music fans, and they help musicians make a livelihood. The growing relevance of live performances throughout the world is increasing the amount of music tourism. It is making a substantial contribution to the expansion of the worldwide music event sector. Tomorrow Land, Boston Calling, NH7 Bacardi, Lollapalooza, and Wacken Music Festival are among the well-known music festivals.

Furthermore, the growth in the adoption of digital technologies has emerged as a key driver of the animal model business. The rising ubiquity of online ticket-booking services that include Book My Show, Ticketmaster, and SeatGeek has resulted from the increased acceptance of digital technology, enabling ticket booking simple and easy for customers. The growing number of Internet and smartphone users has made it easier for event planners and customers to sell and acquire tickets swiftly and conveniently. Based to the International Telecommunication Union, about 4.9 billion people, or 63% of the world’s population, will have internet connectivity in 2021. During the projected period, rising internet penetration is predicted to drive the growth of worldwide music event revenues from ticket sales. These drivers are likely to propel market expansion.

Music Event Market: Market Restraints and Challenges

Virtual and online music event competition: The emergence of virtual and online music events poses a substantial challenge to the traditional music event sector. These digital alternatives provide ease and accessibility, which may drive crowds away from live events.

Consumer attitudes and habits are changing, posing a danger to the music event sector, such as the increased need for personalized experiences and a preference for different entertainment alternatives. To accommodate these evolving demands, event organizers must adapt and innovate. Hence, these factors are expected to restrain growth of the market during the forecast period.

Music Event Market Report Findings

https://www.globalinsightservices.com/reports/music-event-market/

The tickets segment is likely to hold the major share of the market in 2022

Based on revenue source, the Music Event Market is segmented into tickets, sponsorships, and others. The tickets segment is expected to dominate the market during the forecast period. Ticket sales revenue is a key source of money for music-organizing organizations. Tickets are offered through a variety of venues, including counters and internet sites. Furthermore, the growing global internet penetration and the growth in the trend of utilizing mobile applications for reserving live events, concerts, and other music performances have significantly increased the selling of tickets through online platforms. Online ticket purchasing services which include BookMyShow, Ticketmaster, StubHub, SeatGeek, and Ticketplease.com have quickly acquired popularity among the general public, particularly among young people, who are the major audience for music events. Furthermore, the surge in smartphone use and internet users is likely to boost tickets income creation in the near future.

The pop segment is likely to hold the major share of the market in 2022

By genre, the market is classified into rock, pop, EDM, and others. The pop segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. The enormous popularity of the pop genre among young people has resulted in tremendous commercial expansion. According to the International Federation of the Phonographic Industry’s (IFPI) Music Consumer Insight Report 2018, around 64% of the worldwide population listens to pop music.

The music concerts segment is likely to hold the major share of the market in 2022

Based on type, the Music Event Market is segmented into music festivals, concerts, shows, and others. In 2022, the music concerts segment dominated the market in terms of revenue and is expected to be the same during the upcoming years. The increased number of musical performances by several notable performers throughout the world is resulting in the holding of a large number of music concerts. In accordance to Live Nation Entertainment, a global leader in the music event industry, ticket sales are up 45% in 2022, and the concert pipeline is up 30%.

The 21 to 40 years segment is likely to hold the major share of the market in 2022

Based on age group, the Music Event Market is segmented into below 20 years, 21 to 40 years, and above 40 years. The 21 to 40 years segment is expected to dominate the market during the forecast period. The working people and the youth spend a large part of their disposable money on entertainment. Furthermore, the growing popularity of nightclubs, raves, and bars within this age group is increasing the selling income of the global music event industry.

The male segment is likely to hold the major share of the market in 2022

Based on gender, the Music Event Market is segmented into male, and female. The male segment is expected to dominate the market during the forecast period. Since the involvement of male customers is notably high at music festivals around the world, especially in emerging economies. The growing male fan base of popular artists and singers including Rihanna, Eminem, Bruno Mars, Calvin Harris, and Katy Perry is a crucial element in attracting male customers to music concerts and events throughout the world. In accordance with the FACTS Survey 2020, over 70.3% of male acts were conducted globally between 2017 and 2019. Male consumer crowds are drawn in by the significant engagement of the male population as entertainers. Furthermore, males make up the majority of the working population, particularly in developing and undeveloped nations. As a result of the high disposable income of male customers, revenue creation from the male sector in the worldwide music event business has expanded.

The Europe region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe has the biggest market share in terms of Music Event Market value followed by Asia Pacific. This is due to the existence of well-established facilities and connectivity, a growing number of internationally recognized music festivals, thriving music tourism, and the expanding usage of digital technologies are among the key factors that contribute considerably to the growth of the Europe music event industry.

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Competitive Landscape

The key players studied in the Music Event Market are Basset Events, Inc., Rafanelli Events, Inc., Eventbrite, Inc. , Outback Presents, LLC. , Access Destination Services , Carlson, Inc., Anschutz Entertainment Group, BCD Group, Insomniac Holdings. LLC., and Colin Cowie Lifestyle among others.

Music Event Market: Recent Developments

  • In 2021, Gaiety Investments, an Irish entertainment firm, has struck a collaboration with Live Nation Entertainment. The goal of this cooperation was to increase Live Nation’s footprint in Ireland and the United Kingdom by using Gaiety’s experience in live event production and promotion. The collaboration sought to provide audiences in these locations with a varied selection of music events and experiences.
  • In 2020, Eventbrite, a major concert discovery and live music recommendation website, has partnered with Bandsintown, an online booking and event technology platform. Through Bandsintown’s enormous network of music enthusiasts, this cooperation aims to provide Eventbrite’s event organizers with additional marketing and promotion capabilities. The objective was to increase ticket sales and attendance at live music events.
  • In 2018, AEG Presents, a significant worldwide live entertainment organization, have bought The Bowery Presents, a prominent independent concert producer located in New York. This acquisition boosted AEG Presents’ position in the competitive New York City market, boosting the company’s capacity to organise and produce live music events across the city’s many venues.
  • In June 2021, Genoway S.A. has announced a non-exclusive licence arrangement with ERS Genomics Limited. The arrangement gives GenOway access to ERS Genomics’ CRISPR/Cas9 patent portfolio in the past and in the future.

Music Event Market Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Music Event Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Music Event Market in terms of revenue ($Billion).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Music Event industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Music Event Market along with the current trends and future estimations to depict imminent investment pockets. The overall Music Event industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Music Event Market are also analyzed.

Music Event Market Segmentation

By Genre

  • Rock
  • Pop
  • EDM
  • Others

By Type

  • Music Festivals
  • Music Concerts
  • Music Shows
  • Others

By Age Group

  • 21 to 40 Years
  • Above 40 Years
  • Below 20 Years

By Gender

  • Male
  • Female

By Revenue Source

  • Tickets
  • Sponsorship
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

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Online Video Platform Market
August, 2023

Online Video Platform Market to Reach US$ 38.6 Bn by 2032, driven by the rising popularity of online videos, with viewership steadily surpassing traditional video content platforms such as cable and satellite television: Global Insight Services

New York, August 2023: According to a new research study by Global Insight Services (GIS), the global Online Video Platform market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 38.6 Billion by 2032.

Online video platform” (OVP) refers to a software as a service (SaaS) model for licensing online video content that enables video producers to input, convert, manage, publish, analyze, store, and monetize online video. To process and deliver online video material to the target audience, an OVP is utilized. Some services allow users to stream live videos in addition to providing recorded, on demand video. Media and entertainment organizations are focusing more on OVPs to efficiently manage, publish, and monetize video content.

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Online Video Platform Market: Key Trends and Drivers

A significant driver propelling the growth of the Online Video Platform (OVP) market is the escalating global demand for digital content consumption across various industries and sectors. As internet penetration continues to expand and bandwidth capabilities improve, consumers’ preferences have shifted towards video-based content for entertainment, education, communication, and business purposes. This surge in demand has prompted businesses, educational institutions, media companies, and individuals to seek comprehensive and user-friendly OVP solutions that facilitate the creation, management, distribution, and monetization of videos. The OVP market’s growth is further fueled by the increasing popularity of live streaming, on-demand video services, and the integration of videos into social media platforms, driving the need for sophisticated OVPs that offer seamless playback, adaptive streaming, analytics, security features, and cross-device compatibility. As the digital landscape continues to evolve, the Online Video Platform market is positioned to flourish, catering to the burgeoning appetite for high-quality video content and transforming the way information is consumed and shared.

Online Video Platform Market: Restraints & Challenges

Increasing saturation and competition within the industry. As the demand for digital content and video streaming services continues to surge, numerous players, ranging from established giants to emerging startups, are vying for a share of the market. This intense competition exerts pressure on pricing strategies, innovation, and content quality, leading to potential challenges for smaller OVPs to differentiate themselves and maintain profitability. Additionally, the rapidly evolving technological landscape necessitates continuous investments in infrastructure, security measures, and scalability, imposing financial constraints on OVPs striving to keep up with ever-growing user expectations. This restraint underscores the need for strategic differentiation, sustainable business models, and efficient resource allocation within the Online Video Platform market.

Online Video Platform Market Report Findings

https://www.globalinsightservices.com/reports/online-video-platform-market/

The Video Processing segment is likely to hold a dominant Online Video Platform market share and grow at a substantial CAGR during the forecast period.

On the basis of type, it is segmented into Video Processing, Video Analytics, Video Hosting, Video Content Management, Mobile Video, Live Steaming, and Others. The Video Processing segment is expected to grow at the significant CAGR during the forecast period. These platforms offer a range of functionalities, including streamlined IP conversion, efficient transcoding with high density, adaptive bitrate packaging, encryption, and modular visual solutions. Such comprehensive offerings enable broadcasters to cost-effectively provide online video solutions for both live streaming and video-on-demand services. Many platforms also offer personalized video experiences based on factors like user behavior, location, demographics, and even hyper-personalized content involving preference settings and multi-language support.

Whereas, the video management segment accounted for xx% revenue share in the online video platform market in 2022. The rise of video management platforms can be attributed to their features such as optimized search capabilities, which facilitate efficient video indexing, particularly when dealing with large video files. However, it’s the video analytics segment that is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period. This growth is primarily driven by the continual advancements in video reporting structures, encompassing insights into video consumption patterns, geographical reach, campaign engagement, and providing a comprehensive view of Return on Investment (ROI).

The Video Sharing segment is anticipated to hold a majority of the Online Video Platform market size throughout the study period.

By application, the industry is classified into Video Sharing, and Commercial Video platforms. Among these video sharing segment accounted for significant market share in 2022. As users across the globe increasingly turned to digital platforms for content consumption and interaction, the demand for seamless and user-friendly video sharing experiences surged. This trend translated into substantial revenue growth for online video platforms that facilitated the creation, uploading, and sharing of videos, spanning a diverse range of genres and interests. With its expansive reach and pervasive influence, the video sharing segment underscored its pivotal role in shaping the contemporary digital entertainment and communication landscape, solidifying its position as the primary driver of revenue within the Online Video Platform market.

The Media & Entertainment segment is anticipated to hold a majority of the Online Video Platform market size throughout the study period.

By End-User, Online Video Platform Market has been segmented into E-learning, Media and Entertainment, BFSI, Retail, IT and Communications, and Other End Users. During the year 2022, the media and entertainment sector accounted for the significant market share. This dominance is projected to endure throughout the foreseeable future. The sector experienced notable expansion attributable to the rapid proliferation of mobile internet connectivity and substantial global investments directed towards enhancing the infrastructure for Over-The-Top (OTT) services. Moreover, the escalating investment influx into live streaming of sporting events is anticipated to have a pivotal role in fostering the growth of the media and entertainment industry. Additionally, factors such as the increasing demand for original content, the advent of advanced streaming platforms, and the integration of augmented reality (AR) and virtual reality (VR) experiences into entertainment are also poised to contribute to the sector’s continuous evolution. Furthermore, the emergence of interactive and personalized content delivery models, coupled with the expansion of digital advertising strategies, is expected to fuel the momentum of this industry segment.

The North America region is estimated to exhibit the highest growth rate during the Online Video Platform market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the revenue share in 2022. This is due to the integration of advanced 5G network technology, enhancing the speed and agility of online video platforms. Notably, a growing multitude of U.S. businesses are leveraging these platforms to enhance brand identity by showcasing their products and services. Concurrently, Europe, which held the second-largest market share in 2019, is anticipated to experience steady growth, driven by the widespread availability of high-speed internet.

Conversely, the Asia Pacific region is forecasted to exhibit the most robust Compound Annual Growth Rate (CAGR) over the projected period. This projection is underpinned by the burgeoning demand for video-on-demand and live streaming content across online video platforms within the media and entertainment sector. The surge in internet accessibility across the region further contributes to this expansion. The surge in popularity of user-generated video content on free video hosting platforms, notably YouTube, is a notable trend. The Asia Pacific region stands to gain the most from this phenomenon due to its immense global population and the escalating penetration of internet services. Additionally, the inclusion of live video streaming features on social media platforms such as Facebook and LinkedIn is amplifying the overall user count on online video platforms.

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Competitive Landscape

The key players in the Online Video Platform Market are Ooyala Inc., MediaMelon Inc., Akamai technologies, Kaltura Inc., Panopto, Brightcove Inc., Frame.io, Inc., Limelight Networks Inc., YouTube, and Comcast Technology Solutions, among others.

Recent Developments in the Online Video Platform Market:

  • In August 2020, Vidyard announced the availability of its video collaboration and communication tools for android and made it available for 1.6 billion users across the world, along with a free extension for Microsoft Edge users. This allows various business professionals to record and send meeting recaps, team updates, video introductions, among other functionalities from their device.
  • In April 2020, Akamai, a U.S.-based content delivery network company, announced a partnership with Verimatrix, a cyber-security company based in the U.S. The partnership is aimed to provide secure watermarking capabilities. Watermarking provides a session-based, user-specific tracking and source identification, which allows broadcasters to trace sources of pirated content in real-time.
  • In March 2020, Brightcove Inc. announced that due to the global COVID-19 pandemic and to protect its customers, employees, and the broader community, its PLAY 2020 event will not have a physical component in Boston this year. Instead, Brightcove will launch PLAY TV, an innovative, over-the-top streaming experience with the most, must-watch content focused on video. Starting in May, PLAY TV will be available to viewers globally, at no cost, on mobile devices and the web.

Online Video Platform Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Online Video Platform Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Online Video Platform Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Online Video Platform industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Online Video Platform Market along with the current trends and future estimations to depict imminent investment pockets. The overall Online Video Platform industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Online Video Platform Market are also analyzed.

Global Online Video Platform Market Segmentation

By Type

  • Video Processing
  • Video Analytics
  • Video Hosting
  • Video Content Management
  • Mobile Video
  • Live Steaming
  • Others

By Application

  • Video Sharing
  • Commercial Video platforms

By End-user

  • E-learning
  • Media and Entertainment
  • BFSI
  • Retail
  • IT and Communications
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

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Network Analytics Market
August, 2023

Network Analytics Market to Reach US$ 8.6 bn by 2032, driven by increasing adoption of cloud based services: Global Insight Services

New York, August 2023: According to a new research study by Global Insight Services (GIS), the global Network Analytics Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 8.6 bn by 2032.

Network analytics entails leveraging big data concepts and tools to effectively manage and safeguard data networks. Such analysis tools find particular relevance in organizations with intricate networks or stringent security requirements. To enable comprehensive network analytics, user-facing elements characteristic of big data are indispensable. These encompass extensive dashboards, powerful ad-hoc querying and reporting capabilities, along with versatile and interactive visualization tools that facilitate the exploration of relationships, trends, and anomalous events.

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Network Analytics Market: Key Trends and Drivers

Exponential growth of data and the increasing complexity of modern networks. As the digital landscape continues to evolve, organizations are generating vast amounts of data from various sources, including mobile devices, IoT devices, social media platforms, and cloud applications. This data explosion poses significant challenges for businesses in terms of managing, securing, and optimizing their networks effectively. Network analytics solutions play a crucial role in addressing these challenges by providing advanced tools and technologies to monitor, analyze, and interpret network data in real-time. These solutions empower businesses to gain valuable insights into network performance, traffic patterns, and security threats, enabling them to proactively detect and mitigate issues, improve operational efficiency, enhance user experiences, and make informed strategic decisions. As the demand for robust network analytics solutions continues to rise, fueled by the ongoing digital transformation and the proliferation of interconnected devices, the network analytics market is expected to witness substantial growth in the coming years.

Network Analytics Market: Restraints & Challenges

The high cost of network analytics solutions poses a significant restraint on the network analytics market. As businesses and organizations increasingly recognize the importance of leveraging data insights to optimize their networks’ performance and security, the demand for advanced network analytics tools is on the rise. However, the substantial financial investment required to implement and maintain these solutions can deter many potential customers from adopting them. Smaller enterprises and budget-conscious organizations may find it challenging to justify the expense, especially when considering other competing IT priorities. Additionally, the high cost may limit the accessibility of these solutions to a narrower pool of customers, slowing down the overall growth and adoption of network analytics technologies.

Network Analytics Market Report Findings

https://www.globalinsightservices.com/reports/network-analytics-market/

The cloud segment is anticipated to hold a majority of the Network Analytics Market size throughout the study period.

Based on the deployment, the Network Analytics market is divided into On-Premise, and Cloud. Of these, the on-premise segment registered significant revenue in 2022. The cloud segment dominated the market in 2022. This is due to the increasing adoption of cloud infrastructure by businesses. Cloud-based network analytics solutions offer scalability, flexibility, and cost-effectiveness, making them highly attractive for enterprises of all sizes. With the rise of distributed workforces and IoT devices, the demand for advanced analytics tools capable of handling vast volumes of data has surged. Cloud-based network analytics provides real-time insights into network performance, security threats, and user behavior, empowering organizations to optimize their resources and enhance operational efficiency. As cloud-based applications and services become more prevalent, traditional on-premises solutions struggle to handle the complexity, further driving the market’s shift towards cloud-based analytics.

The integration of AI and machine learning algorithms enhances these solutions’ capabilities, making them predictive and proactive in addressing network issues. As cloud computing continues to be a dominant force in the business world, the cloud segment in the network analytics market is poised for continuous growth and innovation, revolutionizing network management practices.

The into network intelligence solution segment is anticipated to hold a majority of the Network Analytics Market size throughout the study period.

By component, the industry is bifurcated into network intelligence solution, and services. In 2022, the integration & deployment segment held the significant revenue share. This is owing to increasing adoption of network intelligence solutions across various industries. Network intelligence solutions play a crucial role in optimizing network performance, enhancing security, and improving overall operational efficiency. As organizations increasingly rely on complex and distributed networks to support their operations, the demand for advanced analytics tools to monitor, analyze, and manage network infrastructure has surged.

Moreover, growing need for real-time insights into network behavior. With the proliferation of IoT devices, cloud-based applications, and data-intensive services, traditional network management approaches have become inadequate. Network intelligence solutions offer advanced capabilities such as predictive analytics, anomaly detection, and automated network optimization, enabling businesses to proactively identify and address potential issues before they escalate. Additionally, the rising concerns over cybersecurity threats have further fueled the adoption of network analytics tools to monitor and protect network environments from potential breaches and attacks. As a result, the network analytics market is projected to experience robust growth in the coming years, as organizations recognize the strategic importance of network intelligence in achieving seamless and secure digital operations.

The Customer Analysis segment is likely to hold a dominant Network Analytics Market share and grow at a substantial CAGR during the forecast period.

Based on application, the industry is categorized into Customer Analysis, Risk Management, Fault Management, Network Performance Management, Compliance Management, and Quality Management. The Customer Analysis segment accounted for the significant revenue share in 2022. Companies have recognized the immense value of understanding their customers’ behavior, preferences, and needs to optimize their services and enhance customer satisfaction. Network analytics has played a crucial role in capturing and analyzing vast amounts of customer data, providing actionable insights to businesses. By leveraging advanced algorithms and machine learning techniques, companies have been able to identify patterns and trends in customer behavior, segment their customer base, and personalize their offerings accordingly. This targeted approach has not only led to increased customer loyalty but has also contributed significantly to revenue growth as businesses can focus their resources on meeting specific customer demands effectively.

Furthermore, the increasing adoption of smart devices and the exponential growth of internet usage have bolstered the demand for network analytics in the Customer Analysis segment. The proliferation of IoT devices and the interconnectedness of various systems have generated an unprecedented amount of data, presenting both challenges and opportunities for companies. Network analytics has proven indispensable in handling and making sense of this data deluge. By analyzing customer interactions across different channels and touchpoints, businesses have been able to gain a comprehensive understanding of the customer journey. This, in turn, has enabled them to optimize their marketing strategies, develop personalized recommendations, and proactively address customer pain points. As companies continue to recognize the importance of data-driven decision-making, the Customer Analysis segment in the network analytics market is poised to experience sustained growth, making it a focal point for innovative solutions and technological advancements.

The Cloud Service Providers segment is anticipated to hold a majority of the Network Analytics Market size throughout the study period.

Based on end-user, the Network Analytics market is divided into Cloud Service Providers, Managed Service Providers, Telecom Providers, and Others. The Cloud Service Providers segment is anticipated to grow at a promising CAGR during the forecast period. The network analytics market has witnessed significant growth in recent years, with Cloud Service Providers (CSPs) playing a pivotal role in driving this expansion. As businesses increasingly rely on cloud-based services, the demand for robust network analytics solutions has surged, and CSPs have been quick to respond to this opportunity. With their expansive global data centers and vast networks, CSPs are well-positioned to offer sophisticated analytics services to their customers. These providers offer a wide array of network analytics solutions, including real-time monitoring, traffic analysis, security threat detection, and performance optimization. By leveraging their extensive infrastructure and expertise, CSPs can deliver scalable and efficient analytics services, enabling businesses to gain valuable insights into their network operations, enhance security measures, and improve overall network performance.

Furthermore, CSPs’ commitment to innovation and continuous improvement has further fueled their growth in the network analytics market. As technology advances and data volumes continue to soar, CSPs have invested heavily in developing cutting-edge analytics tools powered by machine learning and artificial intelligence. These advanced capabilities enable businesses to extract meaningful patterns and trends from massive data sets, leading to better decision-making and enhanced operational efficiency. Additionally, CSPs’ ability to offer a seamless integration of network analytics with their broader suite of cloud services has been a key differentiator. This integrated approach allows businesses to access comprehensive insights into their cloud-based infrastructure, applications, and services, thereby optimizing their overall cloud experience and driving greater customer satisfaction. As the demand for cloud services continues to rise, Cloud Service Providers are poised to maintain their strong growth trajectory in the network analytics market, strengthen their position.

The North America region is estimated to exhibit the highest growth rate during the Network Analytics Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America holds the largest market share in the Network Analytics industry, owing to the early adoption of network analytics tools by leading players in the region. North America is renowned for its technological advancements, with businesses in the region exhibiting a inclination for adopting emerging technologies promptly. The United States and Canada play pivotal roles in the technological development of the area, with many US businesses heavily investing in network analytics to leverage insights from network traffic, thereby enhancing customer service and network efficiency. This commitment to embracing new technologies has positioned North America as a leader in the global tech landscape, with the region’s progress likely to shape the future of network analytics and related technologies.

The United States, has witnessed a rise in cloud-based analytics start-ups with a specific focus on network analytics, further reinforcing its dominance in the market. The country’s extensive use of network analytics technologies has solidified its position as the biggest market for this technology. The rapid expansion of the network analytics market in the United States can be attributed to the country’s robust infrastructure development and the substantial growth of cutting-edge technologies including the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and cloud computing. The region’s increasing vulnerability to cyber-malware attacks on networks, coupled with high technology adoption rates, is expected to further contribute to market growth. Additionally, the presence of prominent telecom companies like AT&T and Verizon, which extensively employ network analytics, further boosts the region’s market dominance.

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Competitive Landscape

Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global Network Analytics market include Broadcom Inc.Huawei Technologies Co., Ltd.IBMJuniper Networks, Inc.NETSCOUTNokiaSAS Institute IncCisco SystemsHewlett Packard Enterprise Development LP, and Telefonaktiebolaget LM Ericsson, among others.

Recent Developments in the Network Analytics Market:

  • In December 2022, Nokia expanded its partnership with BT in a five-year deal to provide its AVA Analytics software for fixed networks, which would further help the British telecom operator strengthen its overall network monitoring through machine learning (ML) and artificial intelligence (AI). The new deal would enhance Nokia’s dashboard solution, ‘
  • In October 2022, Communication Service Providers (CSPs) may benefit from Network Analytics Suite, a new set of virtualized cloud infrastructure products developed by Oracle, to gain more knowledge about the performance and stability of their 5G data centers. It gathers data from the 5G network functions (NFs), app functions (AFs), and operations, administration, and maintenance that comply with the standards (OAM).
  • In October 2022, Oracle released the Oracle Network Analytics Suite. The new cloud-native portfolio of analytics solutions adds various network function data with machine learning and artificial intelligence, mainly to assist the operators in making more informed, automated decisions around the overall stability and performance of their entire 5G network core.
  • In June 2022, IBM announced its plans to buy Randori, a leading attack surface management (ASM) and offensive cybersecurity business in the Boston region, at RSAC 2022. Randori helps clients find external assets that attackers can see, whether they are on-premises or in the cloud, and puts the most dangerous ones at the top of the list.

Network Analytics Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Network Analytics market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Network Analytics market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Network Analytics market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Network Analytics industry.

Global Network Analytics Market Segmentation

By Deployment

  • On-Premise
  • Cloud

By Component

  • Network Intelligence Solutions
  • Services
    • Professional Services
    • Managed Services

By Application

  • Customer Analysis
  • Risk Management
  • Fault Management
  • Network Performance Management
  • Compliance Management
  • Quality Management

By End-user

  • Cloud Service Providers
  • Managed Service Providers
  • Telecom Providers
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

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Component Content Management Systems Market
July, 2023

Component Content Management Systems Market to Reach US$ 7.7 Bn by 2032, driven by growing attention on improving customer engagement process: Global Insight Services

New York, July 2023: According to a new research study by Global Insight Services (GIS), the global Component Content Management Systems Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 7.7 Billion by 2032.

A component content management system (CCMS) is a software application that stores and manages content at the component level. Content is stored as small, self-contained units called “components.” A component can be a paragraph of text, a section of a document, an image, a video, or any other type of content.

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Component Content Management Systems Market: Key Trends and Drivers

A CCMS uses intelligent content production, speeds up the content search, and offers consumers contextually appropriate material. This allows for customer self-service so that they may discover solutions on their own, eliminating the need for customer assistance and guaranteeing a greater return on content. In order to maximize the return on user content investment, content operations are essential. Users may uphold consistency and high-quality standards, increase accessibility, and hasten the go-to-market procedure by adopting an organized content generation, administration, and distribution strategy.

A CCMS enables organizations to improve content management ROI across the extended enterprise by centralizing content to streamline processes, increase agility, and drive a better user experience. This includes everything from internal and external corporate communications to product training, technical documentation, learning & development, customer education — and everything in between. For instance, Xyleme CCMS offers organizations an agile, centralized content management hub that streamlines content creation, delivery, and publishing as delivery channels, platforms, and customer expectations continue to change. This empowers organizations to offer a more unified customer experience to boost loyalty and satisfaction and improve ROI. Hence, component content management systems provide organizations with increased ROI, which is a major driving factor.

Component Content Management Systems Market: Restraints & Challenges

High Cost of Deployment and Maintenance of CCMS

A component content management system’s setup and integration with the current system are expensive. The short-term period’s potential and revenue losses may influence the market’s expansion. Businesses in Asia Pacific still handle content using the traditional manner. Integration of the traditional/old system with the new content management system may impede the company’s expansion. This might affect the rate of adoption by SMEs and the market’s expansion. The typical cost of CCMS development services for a small or medium-sized business is approximately USD 2,200 and may go up to USD 15,000. Such high expenses would directly impact the amount of software adoption.

Secondly, the maintenance cost of CCMS is also higher. For instance, open-source software called is Drupal available for free download. For non-technical users, in particular, the expenses of creating and maintaining a Drupal site are significantly greater. Therefore, the high cost of deployment and maintenance of CCMS majorly hinders the adoption of CCMS solutions at large-scale.

Component Content Management Systems Market Report Findings

https://www.globalinsightservices.com/reports/component-content-management-systems-market/

The service segment is likely to hold a dominant Component Content Management Systems Market share and grow at a substantial CAGR during the forecast period.

By component, the market is segmented into software service. The services segment is likely to witness the fastest growth during the forecast period by growing at a CAGR of 10.4% during the forecast period. The segment was valued at USD 916.3 million in 2022 and it is anticipated to grow further to USD 2,614.3 million by 2032. Increasing use of content services platforms such as workflow management & case management, document & records management, content reporting & analytics, data capture, information security & governance, and others owing to their several benefits are driving the segment growth. Content services platforms provide agile solutions for digital work, reduce content sprawl and information silos, improve security and access, create a better user experience for customers and employees, and boost productivity by making content more easily shared. Additionally, the provider emphasizes the integration capabilities of their CCMS, ensuring seamless interoperability with existing systems and tools, enabling smooth content workflows and reducing redundancies. They also prioritize advanced content authoring and publishing functionalities, empowering users with intuitive interfaces, reusable content modules, and sophisticated publishing options to optimize content reuse, consistency, and multichannel distribution.

Moreover, CCMS service providers recognize the importance of robust security measures, as sensitive and proprietary content is stored and managed within their systems. By implementing advanced access controls, encryption, and backup mechanisms, they instill trust in their customers and mitigate potential data breaches or loss. Ultimately, these driving factors converge to offer organizations a comprehensive CCMS service that empowers them to efficiently manage and deliver high-quality content, enhance customer experiences, and drive business growth.

The large enterprise segment is anticipated to hold a majority of the Component Content Management Systems Market size throughout the study period.

By enterprise size, the component content management systems market has been bifurcated into small and medium enterprises and large enterprises. The large enterprise segment is anticipated to dominate the market during the forecast period. Larger businesses may have to deal with translation issues when bringing their product or service to international markets. Component content management systems (CCMS) are frequently used by large businesses to manage and organize the information they create efficiently. Massive volumes of content, such as marketing brochures, product details, technical documentation, and more, regularly occur in large businesses. Traditional content management systems could need help to handle the complexity and volume of material in these organizations. Large enterprises may profit greatly from CCMS because of its huge cost savings, enhanced team cooperation (even among non-technical team members), and complete content management. The CCMS platform is a suitable choice for large organizations with room to spare in the budget. Huawei, a manufacturer of communications equipment, is one such. For each product they sell, the website offers comprehensive information and updates along with high-resolution photographs.

The BFSI segment is anticipated to hold a majority of the Component Content Management Systems Market size throughout the study period.

End Users, the component content management systems market has been divided into manufacturing, BFSI, public sector, telecom, utilities, transportation, and others. The component content management systems market size for the BFSI segment was USD 753.5 million in 2022, growing at a CAGR of 8.4% from 2023 to 2032. Any effective financial services organization must operate with collaboration, information exchange, and communication as key components. Financial companies often have to maintain a large range of material across several administrative areas. An excellent content management system for the financial services industry may assist the user institution in better organizing their material and other corporate assets, eventually allowing the user to serve their customers more effectively. A cutting-edge financial company that CCMS can offer will streamline and simplify the whole document management process. Reusing material across channels enables users to work more productively and cost-effectively. Additionally, CCMS is very adaptable to users’ shifting business demands. As a user’s business changes over time, it is simple for them to update and make modifications.

The North America region is estimated to exhibit the highest growth rate during the Component Content Management Systems Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American market is primarily driven by the rise in demand for the preservation of blood, solid tissue specimens, including paraffin-embedded or frozen bio-specimen of tumors, and other tissues (like peripheral blood cells, bone marrow, and stem cells-derived cord blood and its derivatives), across multiple research institutes, pathological centers, and hospitals. The surge in the government’s investment in drug discovery is projected to boost the Component Content Management Systems utility for the preservation of cells, tissues, and organs ex-vivo for the purpose of storage, shipment, and transportation. For instance, the Canadian government invested USD 45 million in the current year over the next three years to the Stem Cell Network to encourage stem cell and regenerative medicine research. Such investments are anticipated to boost the utility and demand of Component Content Management Systems in the region, thereby boosting market growth during the forecast period.

Additionally, advancements in technology, increasing product approvals, partnerships, and acquisitions by key players are helping in the market growth. For instance, in February 2022, OriGen Biomedical Inc., a global medical device manufacturer of cryopreservation, cell culture, and respiratory products, launched CryoStore FLEX Freezing Bag in the United States and Europe. The CryoStore FLEX Bag is designed for the cryopreservation of blood components and offers the multi-chamber flexibility of small-volume dose solutions.

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Competitive Landscape

The key players in the Component Content Management Systems Market are Adobe Inc., Author-it Software Corporation, Battery Ventures (IXIASOFT), Bluestream Database Software Inc., Contiem, Inc., Dakota Systems, Inc., Heretto, IBM Corporation, TransPerfect, Inc. (Astoria Software), and Xyleme, Inc., among others.

Recent Developments in the Component Content Management Systems Market:

  • February 2023, Contiem announced the purchase of Mekon Limited (Mekon), a UK-based firm that specializes in assisting large organizations in intelligently delivering information. Contiem is also announcing an extensive rebranding effort to reflect its transformation into a global company with the breadth of products and services required to create, manage, and deliver the content required by large enterprises and governmental organizations to run their businesses on a global scale.
  • October 2022, Orbis Technologies, Inc., has announced the acquisition of Writing Assistance, Inc (WAI), a Minnesota-based firm specializing in professional writing talent and employment. The merged company will keep the name Orbis Technologies, Inc. and its headquarters in Annapolis, MD.
  • July 2022, Adobe has announced the availability of the AEM as a cloud service in India, which is powered by Adobe Experience Cloud. This cloud solution which assist businesses to manage customized and specialized digital content, which helps marketers to rapidly build, customized and personalized digital experiences to clients within a span of weeks.
  • February 2021, Orbis Technologies, Inc. announced a multi-year contract to assist in the development of a world-class exclusive Component Content Management System for the US Government Publishing Office (GPO). The solution will draw on Orbis’ unique competence in XML content management systems, MarkLogic NoSQL database development, and vast experience in constructing semantic data platforms.

Component Content Management Systems Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Component Content Management Systems Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  •  The report also covers qualitative as well as quantitative analysis of Component Content Management Systems Market in terms of revenue ($Million)
  •  Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Component Content Management Systems industry.
  •  A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  •  Analytical depiction of the Component Content Management Systems Market along with the current trends and future estimations to depict imminent investment pockets. The overall Component Content Management Systems industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  •  Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Component Content Management Systems Market are also analyzed.

Global Component Content Management Systems Market Segmentation

By Component

  • Software
  • Services

By Enterprise Size

  • Small and Medium Enterprises
  • Large Enterprises

By End-user

  • Manufacturing
  • BFSI
  • Public Sector
  • Telecom
  • Utilities
  • Transportation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  •  The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  •  Rest of the World
    • Latin America
    • The Middle East
    •  Africa

Key Players

  • Adobe Inc.
  • Author-it Software Corporation
  • Battery Ventures (IXIASOFT)
  • Bluestream Database Software Inc.
  • Contiem, Inc.
  • Dakota Systems, Inc.
  • Heretto
  • IBM Corporation
  • TransPerfect, Inc. (Astoria Software)
  • Xyleme, Inc.

 

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Content Delivery Network (CDN) Security Market
July, 2023

Content Delivery Network (CDN) Security Market to Reach US$ 49.1 billion by 2032, driven by Proliferation of Mobile Applications: Global Insight Services

New York, June 2023: According to a new research study by Global Insight Services (GIS), the Content Delivery Network (CDN) Security market is expected to grow rapidly over the next 10 years to reach a value of more than the US$ 49.1 billion by 2032.

By localized caching, CDNs have been utilized to enhance online performance over the past 20 years. Now, CDN providers are being forced to broaden their performance-enhancing techniques to address the challenges of dynamic content, mobile, and video, as well as serving as the first line of defence against security threats, as a result of the growth in mobile engagement and the demands for the delivery of enhanced digital experiences.

For e-commerce websites, government organizations, and other sectors to guard against new security flaws, DNS protection is in great demand. Early adoption of cutting-edge technologies and the expanding dominance of well-known social media and OTT platforms have significantly increased demand for CDN security during the course of the projection period.

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Content Delivery Network (CDN) Security Market: Key Trends and Drivers

The expansion of the worldwide content delivery network (CDN) security market will be fueled by the proliferation of mobile apps. The number of mobile apps has expanded dramatically and is likely to climb more throughout the projection period. Two-thirds of all smartphone users worldwide use apps for social networking in addition to watching news, listening to music, or accessing entertainment or sports content. A CDN is used by these mobile applications to provide data. Depending on the kinds of mobile applications that users download, vendors target specific segments of their audience.

The growth of mobile apps has fueled OTT providers’ desire for CDN security solutions. Because of the prevalence of mobile applications, brands and agencies no longer place a high priority on online content. With the global adoption of smartphones, the consumption of digital material via smartphones is rising quickly. These elements will accelerate market expansion throughout the anticipated term.

Content Delivery Network (CDN) Security Market: Restraints & Challenges

Major obstacles to the expansion of the worldwide CDN security industry include system integration and interoperability concerns. The BFSI, communications, transportation, media and entertainment, and public sector organizations are just a few of the industries that are increasingly adopting cutting-edge technology. System integration and interoperability problems result from the use of cutting-edge technology. Many businesses have integration problems while putting CDN security solutions in place. Vendors of CDN security solutions have to offer integrated IT solutions that may be easily included into an organization’s current IT infrastructure.

Technological errors that occur during operations can cost businesses a lot of money and decrease their operational effectiveness. Some of the main problems encountered by CDN security providers include technical challenges, server faults, and other malfunctions brought on by hackers. Vendors must thus carry out several experiments in order to achieve high accuracy before releasing CDN security solutions on the market. Throughout the anticipated period, this aspect is anticipated to impede market expansion.

Content Delivery Network (CDN) Security Market Report Findings

https://www.globalinsightservices.com/reports/content-delivery-network-cdn-security-market/

The web application firewall segment is anticipated to hold a majority of the content delivery network (CDN) security market size throughout the study period.

Based on the type, the content delivery network (CDN) security market is segmented into DNS protection, DDoS protection, web organization size firewall, bot mitigation & screen scraping protection, and data security. The market for web application firewalls (WAF) is propelled by consumers’ demands for internal and external web application security. WAFs defend web applications and APIs from a variety of threats, such as application-layer denial of service (DoS), injection assaults, and automated attacks (bots). The main reason for employing cloud web application firewall (WAF) services is to defend against assaults and the exploitation of flaws in bespoke or third-party code. The WAF must examine the flow of traffic and determine whether it needs to be stopped. Applications that rely on low latency replies to function or engage their users may find this problematic, depending on the positioning of the network and how expensive the analytic operations they do may be.

The SMEs segment is anticipated to hold a majority of the content delivery network (CDN) security market size throughout the study period.

By organization size, the market is bifurcated into SMEs and large enterprises. SMES are highly investing in CDN security solutions to protect their networks against DDoS attacks and other threat vectors that might compromise the IT networks for the risk of being attacked. This rising awareness about DNS attacks, advanced cyber-attacks are directly impacting a company’s productivity and brand reputation. CDN security helps SMEs to improve data security and also helps to reduce financial losses.

The media & entertainment segment is anticipated to hold a majority of the content delivery network (CDN) security market size throughout the study period.

Based on end-use industry, the market is segmented into media & entertainment, retail, BFSI, IT and telecom, healthcare, and others. The media and entertainment sector is very concerned about piracy. For OTT service providers, file sharing, copying, and downloading from illegitimate web sources are serious issues. Thus, all OTT service providers must have premium content protection. As operators develop service models that let customers browse through a vast library of movies, music, TV shows, sports, and entertainment programmes on a secure platform, the significance of CDN security solutions has expanded in this business. The increased use of CDN Security solutions, which is fueled by a rise in demand for the CDN Security Industry, is largely responsible for the expansion of the media & entertainment category.

The North America region is estimated to exhibit the highest growth rate during the content delivery network (CDN) security market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the content delivery network (CDN) security market and accounted for the largest revenue share in 2022 and is expected to be the most lucrative region during the forecast period. With a high internet penetration rate and an increasing number of users for online gaming and mobile video streaming, North America is expected to have a sizeable market position in the CDN security industry. The region’s position as the market leader is also largely due to the existence of industry heavyweights and the early adoption of technology across several end-user verticals. Due to the prevalence of botnet command and control (C&C) servers, North America has the bulk of the market share. Attackers utilize them, often referred to as C2, to keep in touch with infected systems on a target network. These platforms, which boost the usage of bit mitigation services, include PCs, cellphones, and the Internet of Things.

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Competitive Landscape

Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the content delivery network (CDN) security market include include Packet Clearing House (US), Akamai Technologies, Inc. (US), Amazon Web Services, Inc. (US), CDNetworks Inc. (US), Cloudflare, Inc. (US), IABM (UK), IBM Corporation (US), Imperva, Inc. (US), Tata Communications (India) and Verizon Partner Solutions (US), among others.

Recent Developments in the Content Delivery Network (CDN) Security Market

  • In November 2022, A multi-year strategic agreement between Amazon Web Services and cloud-native logging and security analytics firm Devo Technologies was recently announced. With the help of this expanded cooperation, Devo would be able to quickly advance in the cutting-edge industries of applied AI/ML and security log analytics, build solutions that are compatible with Amazon security services, and provide customers with a better overall experience.
  • In October 2022, With the global rollout of new, entirely software-defined scrubbing centres, Akamai Technologies, Inc., the cloud provider that provides and safeguards life online, announced a significant evolution of its DDoS protection platform (Prolexic), extending its dedicated defence capacity to 20 tbps and accelerating future product innovations. The modification enables Akamai Prolexic to better defend customers from multi-terabit assaults and give increased performance and dependability for online businesses of any size worldwide in response to a surge of more advanced and record-breaking DDoS attacks throughout the globe.

Content Delivery Network (CDN) Security Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current content delivery network (CDN) security market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future content delivery network (CDN) security market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the content delivery network (CDN) security market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the content delivery network (CDN) security industry.

Content Delivery Network (CDN) Security Market Segmentation

By Type

  • DNS Protection
  • DDoS Protection
  • Web Application Firewall
  • Bot Mitigation & Screen Scraping Protection
  • Data Security

By Organization Size

  • SMEs
  • Large Enterprises

By End-use Industry

  • Media & Entertainment
  • Retail
  • BFSI
  • IT and Telecom
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

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Process Mining Software Market
June, 2023

Process Mining Software Market to Reach US$ 8.4 bn by 2032, driven by rising need to strengthen process auditing and compliance processes across organizations is fueling the demand for process mining softwar: Global Insight Services

New York, June 2023: According to a new research study by Global Insight Services (GIS), the global Process Mining Software Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 8.4 bn by 2032.

Process mining software is a type of business process management (BPM) software that uses data mining techniques to discover, model, and monitor business processes. By analyzing data from event logs, process mining software can automatically generate process models that can be used to improve process performance. Process mining software can also be used to monitor process compliance and to detect process anomalies.

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Process Mining Software Market: Key Trends and Drivers

The process mining software market has experienced significant advancements in recent decades, driven by factors such as the integration of robotic process automation (RPA) with process mining applications and the growing adoption of technology-based solutions. Businesses across various industries are actively pursuing digital transformation, seeking technologies that can enhance productivity while reducing costs. The demand for RPA has been rapidly increasing as organizations strive to improve performance and efficiency. With a reliance on digital systems for automating both backend and frontend activities, RPA has emerged as a valuable technology in numerous industries, particularly during the pandemic. Consequently, there is a growing need for specialized process mining applications that can automate workflows. RPA technology is considered one of the most effective tools for enhancing productivity while working from home or remote locations. It is expected to drive the growth of the process mining software market in the forecast period by enabling quick process automation within shorter timeframe.

Process Mining Software Market: Restraints & Challenges

One of the key restraints in the Process Mining Software market is the lack of awareness about process mining among organizations. Many organizations are not aware of the benefits of process mining and how it can be used to improve their business processes. Another challenge in the Process Mining Software market is the high cost of process mining software. Process mining software is often very expensive, which makes it difficult for small and medium-sized organizations to afford it.

Process Mining Software Market Report Findings

https://www.globalinsightservices.com/reports/process-mining-software-market/

The cloud-based segment is anticipated to hold a majority of the Process Mining Software Market size throughout the study period.

Based on the deployment, the process mining software market is divided into on-premise, and cloud. In 2022, the cloud segment is expected to exhibit the highest compound annual growth rate (CAGR) during this period. This growth can be attributed to the rising demand from organizations, irrespective of their size, for process mining software solutions based on the cloud. These solutions offer advantages such as flexibility, scalability, comprehensive process visibility, and cost-effectiveness. Whereas, the on-premise segment accounted for a significant market share. This due to the rising demand for on-premise process mining software from large organizations owing to security concerns related to critical business data. Such a aforementioned factors enhance the segment growth.

The software segment is anticipated to hold a majority of the Process Mining Software Market size throughout the study period.

By component, the industry is bifurcated into software, and services. In 2022, the software segment held the largest market share, and it is projected to maintain its dominance throughout the forecast period. The software segment’s success can be attributed to the growing need for solutions capable of extracting detailed data from business systems to gain insights and visualize workflow processes. On the other hand, the service segment is anticipated to witness the highest compound annual growth rate (CAGR) during the forecast period. The demand for process mining services is expected to benefit from the adoption of cloud-based software solutions and the frequent updates necessary to ensure secure and smooth operation of the software.

The transactional procurement segment is likely to hold a dominant Process Mining Software Market share and grow at a substantial CAGR during the forecast period.

Based on application, the industry is categorized into Strategic Sourcing, Contract Management, Category Management, Transactional Procurement, and Supplier Management. In 2020, the transactional procurement segment held the significant share of revenue, the primary reason for its strong position is the rising demand from enterprises for improved procurement solutions and services, driven by the challenges and intricacies associated with transactional procurement processes. On the other hand, the category management segment is anticipated to experience the significant compound annual growth rate (CAGR) over the forecast period. This growth can be attributed to the increasing demand from businesses for services such as external marketplace analysis, category planning and strategy, and effective management and analysis of spend data.

The BFSI segment is anticipated to hold a majority of the Process Mining Software Market size throughout the study period.

Based on end-user, the Process Mining Software market is divided into Manufacturing, Healthcare, BFSI, Consumer Goods & Services, Telecommunications & IT, Logistics & Transportation, and Others. The BFSI sector, which had the significant share of revenue in 2022, is expected to maintain its leading position throughout the forecast period. This can be attributed to the intense competition among global banking and financial service organizations, as they strive to improve customer experience and provide better services. Additionally, with limited budgets, BFSI organizations are increasingly adopting process mining software that offers robustness at a cost-efficient price, thereby driving its demand in the industry. On the other hand, the consumer goods & services segment is projected to exhibit the highest compound annual growth rate (CAGR) of around xx% over the forecast period. This significant growth can be attributed to the increasing demand from consumer goods manufacturers who seek to identify flaws in their manufacturing processes and enhance the financial impact of their operations.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the Process Mining Software Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe, which held the significant revenue share in 2022, is expected to maintain its dominant position throughout the forecast period. The region is well-known for its early adoption of advanced technology and has the highest uptake of digital and automation tools and services. Furthermore, the European market is being propelled by the rising demand from various enterprises for robust process analysis software solutions. On the other hand, the Asia Pacific region is projected to witness the significant compound annual growth rate (CAGR) of over the forecast period. This growth can be attributed to the increasing enterprise focus on improving process auditing and compliance. Moreover, the region is experiencing a surge in cloud infrastructure spending by both large and small to medium enterprises. Additionally, the emergence of numerous startups in the region is also contributing significantly to the expansion of the market.

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Competitive Landscape

Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global Process Mining Software market include UiPath, Celonis GmbH, Exeura, Fluxion BV, Fujitsu Ltd, Hyland Software Inc, Minit, QPR Software Plc, Software AG, and ABBYY Solutions Ltd among others.

Recent Developments in the Process Mining Software Market:

  • In June 2022, QPR Software announced a partnership with Snowflake to offer QPR ProcessAnalyzer, process mining software. Through the partnership and Snowflake’s modern technology companies together are offering user-friendly and efficient options to the users.
  • In July 2020, Celonis GmbH announced a partnership with Tata Consultancy Services (TCS), an India-based information technology consulting company. With the help of Celonis’s process mining expertise, TCS aims to help its customers in achieving better operational efficiency and flexibility..

Process Mining Software Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Process Mining Software Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Process Mining Software Market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Process Mining Software Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Process Mining Software Market Segmentation

By Deployment

  • On-Premise
  • Cloud

By Component

  • Software
  • Services

By Application

  • Strategic Sourcing
  • Contract Management
  • Category Management
  • Transactional Procurement
  • Supplier Management

By End-user

  • Manufacturing
  • Healthcare
  • BFSI
  • Consumer Goods & Services
  • Telecommunications & IT
  • Logistics & Transportation
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players

  • UiPath
  • Celonis GmbH
  • Exeura
  • Fluxion BV
  • Fujitsu Ltd
  • Hyland Software Inc
  • Minit
  • QPR Software Plc
  • Software AG
  • ABBYY Solutions Ltd
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Artificial Intelligence in Healthcare Market
May, 2023

New York, March 2024: According to a new research study by Global Insight Services (GIS), the global Artificial Intelligence in Healthcare Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 50.7 Billion by 2033.

Artificial intelligence (AI) in healthcare is a broad term that covers a wide range of applications and technologies. AI technologies can be used to help doctors and other healthcare professionals diagnose and treat diseases, make predictions about patient health, and improve the efficiency of care delivery. AI is also being used to develop new drugs and personalized treatments, and to create digital assistants that can help patients manage their health.

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Artificial Intelligence in Healthcare Market: Key Trends and Drivers

The market is driven by several factors, including the need to manage data more effectively and optimize healthcare costs, the growth of public-private partnerships, and the increased regional spending on healthcare. Additionally, the market is anticipated to grow as opportunities in geriatric population care with AI technology, imaging, and diagnostics to generate data for research development arise. Moreover, the growing shortage of healthcare workforce drove the adoption of AI/ML technologies. Therefore, AI algorithms can be trained to analyze patient health information which further supports care providers in quickly diagnosing the condition and devising an accurate treatment regime.

Small-molecule drug discovery benefits from AI in four ways; access to new biology, improved or unique chemistry, higher success rates, and speedier and less expensive discovery procedures. For instance, FDA’s Center for Drug Evaluation and Research (CDER) approved 50 brand-new pharmaceutical and biological products in 2021. About 33 of the 50 novel medications and biological products approved for use had tiny molecules, while 17 were monoclonal antibodies and other large molecules. Such aforementioned factors boosting the growth of the market and accelerating the adoption rate of AI in healthcare.

Artificial Intelligence in Healthcare Market: Restraints & Challenges

The restraints in the AI in healthcare market are the lack of awareness and the high cost of AI-based solutions. The challenges in the AI in healthcare market are the lack of skilled workforce, the need for high initial investment, and the need for data security.

Artificial Intelligence in Healthcare Market Report Findings

https://www.globalinsightservices.com/reports/artificial-intelligence-in-healthcare-market/

The software segment is likely to hold a dominant Artificial Intelligence in Healthcare Market share and grow at a substantial CAGR during the forecast period.

Based on component, the market is segmented as hardware, software solution, and services. In 2023, the software solutions segment dominated the market due to the rapidly growing adoption rate of AI-based software solutions amongst healthcare providers, payers, and patients. For instance, in September 2019, GE Healthcare partnered with five Chinese local software developers namely, 12Sigma Technologies, Biomind, Shukun Technology, Yizhun Medial AI, and YITU Technology to collaboratively work on developing Edison AI platform and support the smooth digital transformation of GE Healthcare. Whereas, software solutions is anticipated to register the fastest growth rate over the forecast period. This dramatic growth rate is attributable to the rising penetration of AI-based technologies in several healthcare applications such as cybersecurity, clinical trials, virtual assistants, robot-assisted surgeries, telemedicine, dosage error reduction, and fraud detection.

The clinical trial segment is anticipated to hold a majority of the Artificial Intelligence in Healthcare Market size throughout the study period.

Based on application, the market is segmented as Robot-Assisted Surgery, Medical Imaging & Diagnosis, Drug Discovery, Therapy Planning, Hospital Workflow, Wearables, Virtual Assistants, and Others. Out of these, the clinical trials segment dominated the market in 2023 due to the growing number of patent expirations, rising demand for faster and accurate clinical trials to cater to the need for new drug discoveries and drug development. Although, prior to the pandemic AI-technologies in clinical trials were still in a nascent stage, now with the growth in demand for faster clinical trials supporting trial designing, study adherence, minimizing dropout rates, and patient recruitment, AI-based technologies in clinical trials has witnessed a surge in adoption. Decreasing the amount of time required in performing clinical trials and enhancing the accuracy and reliability of the clinical trial are expected to boost the market growth. Life science organizations, government regulatory authorities, and healthcare start-ups are beginning to support and adopt AI-empowered solutions in their processes. For example, Deep6AI is an AI monitoring system that enhances the patient recruitment process and reduces the time and expenses involved.

The North America region is estimated to exhibit the highest growth rate during the Artificial Intelligence in Healthcare Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America to hold significant market share. The high adoption rate of AI technologies across healthcare and pharma, the strong presence of prominent AI software and system suppliers, and the combined investment by government and private organizations in the improvement and growth of research and development activities are expected to drive the market’s demand in the United States. Over time, the country is expected to dominate the regional market due to its developed infrastructure that can house advanced medical solutions. The increasing inflow of investments in startups for AI implementation would accelerate the market’s growth.

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Competitive Landscape

The overall competitive rivalry remains moderately high in the market studied. The growing presence of big players in the industry is expected to intensify competitive rivalry during the forecast period. The global Artificial Intelligence in Healthcare Market report includes players such as AiCure, APIXIO, Inc, Atomwise, Inc, Butterfly Network, Inc, Cyrcadia Health Inc, Enlitic, Inc, IBM Corporation, iCarbonX, Insilico Medicine Inc, and NVIDIA Corporation., among others.

Recent Developments in the Artificial Intelligence in Healthcare Market:

  • In March 2024, Hippocratic AI, a startup in healthcare technology, recently introduced its first generative AI product and secured $53 million in series A funding. This funding round has increased the company’s value to $500 million. In total, Hippocratic has raised $120 million, including a $50 million initial funding round last May. With the growing significance of AI in healthcare, notable investors are showing interest in backing such ventures. Hippocratic has received support from investors like Premji Invest, General Catalyst, SV Angel, and Andreessen Horowitz (a16z) Bio + Health. Additionally, several health systems, including Memorial Hermann Health System, Cincinnati Children’s, WellSpan Health, Universal Health Services (UHS), HonorHealth, and OhioHealth, have also invested in the startup.
  • In February 2024, Fabric, a company specializing in health technology, has secured $60 million in a Series A funding round. This funding will be used to expand its care enablement platform for healthcare providers. The platform aims to enhance provider efficiency by simplifying both in-person and virtual visits through features such as conversational artificial intelligence. Additionally, it offers patients various services including symptom checking, appointment scheduling, and reminders.
  • In September 2022, Novo Nordisk A/s and Microsoft collaborated to accelerate drug discovery and development using big data and artificial intelligence. The collaboration centers on expanding digital science and AI capability applications in the healthcare business and sustainability.
  • In August 2022, Atomwise Inc. and Sanofi collaborated to advance AI research for computational discovery and make better medicines faster by unlocking up to five drug targets inaccessible to traditional small molecule discovery approaches.

Artificial Intelligence in Healthcare Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Artificial Intelligence in Healthcare Market outlook and estimations from 2023 to 2033, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of the Artificial Intelligence in Healthcare Market in terms of revenue ($Million) and volume (Units).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Artificial Intelligence in Healthcare industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country, market analysis is also presented in this report.
  • The Artificial Intelligence in Healthcare Market Study comprises an analysis of 23 countries. The research also encompasses a segment analysis of every country in terms of value (USD Million) throughout the study period.
  • Analytical depiction of the Artificial Intelligence in Healthcare Market along with current trends and future estimations to depict imminent investment pockets. The overall Artificial Intelligence in Healthcare industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Artificial Intelligence in Healthcare Market are also analyzed.
  • The report also involves market strategy factors such as the ANSOFF Matrix, 4Ps Model, Demand-Supply Analysis, Competition Product Analysis, Recent Developments, Consumer Buying Interest, and Supply Chain Analysis among others.
Global Artificial Intelligence in Healthcare Market Segmentation

By Product

  • Software Solutions
  • Hardware
  • Services

By Application

  • Robot-Assisted Surgery
  • Clinical Trials
  • Hospital Workflow
  • Therapy Planning
  • Wearables
  • Virtual Assistants
  • Medical Imaging & Diagnosis
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa
Key Players

 

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Data Annotation Tools Market
April, 2023

Data Annotation Tools Market to Reach US$ 10.2 Bn by 2032, driven by rising demand for annotated data to improve machine learning models: Global Insight Services

New York, April 2023: According to a new research study by Global Insight Services (GIS), the global Data Annotation Tools market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 10.2 Billion by 2032.

Data annotation tools are software programs that allow users to label and categorize data for machine learning algorithms. The most common types of data annotation tools are image annotation tools and video annotation tools. Image annotation tools allow users to label images for object detection, classification, and segmentation tasks. Video annotation tools allow users to label video data for tasks such as action detection and recognition.

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Data Annotation Tools Market: Key Trends and Drivers

The growing importance of high-quality and well-labeled input data for augmenting the accuracy of machine learning algorithms is likely to drive the industry growth. Data annotation tools are highly suited for situations where unlabeled data is available in large volumes and will create new opportunities for the market expansion. Moreover, increasing need for data annotation tools to support the increasing volume of data coupled with the increasing number of data annotation tool providers.

Data Annotation Tools Market: Restraints & Challenges

One of the key restraints in the data annotation tools market is the need for high initial investment. Data annotation tools require significant investment in terms of hardware, software, and trained personnel. In addition, data annotation is a time-consuming process, which can further increase the overall cost. Another key challenge in the data annotation tools market is the lack of skilled personnel. Data annotation is a highly technical process that requires trained personnel to achieve desired results. The lack of skilled personnel can hamper the adoption of data annotation tools, especially in small and medium enterprises.

Data Annotation Tools Market Report Findings

https://www.globalinsightservices.com/reports/data-annotation-tools-market/

The image/video segment is likely to hold a dominant Data Annotation Tools market share and grow at a substantial CAGR during the forecast period.

By data type, the market is segmented into image/video, text, and audio. The image/video segment accounted for significant market share in 2021 and is expected to register lucrative CAGR over the forecast period. This is attributed to the increasing uptake of data annotation tools for labeling image/video to improve entity recognition. With the continuously evolving machine learning landscape in the region, data annotation tool vendors are developing new technologies for improving the accuracy of annotated images/videos and delivering high precision datasets for AI-based applications.

The manual annotation segment is anticipated to hold a majority of the Data Annotation Tools market size throughout the study period.

By annotation approach, the data annotation tools market is classified into manual annotation, and automated annotation. The manual annotation segment accounted for significant revenue in 2021. This is due to surging adoption to ensure high-quality input data. Manually labeled data is less prone to errors due to the involvement of highly trained domain experts, who can handle complex data labeling scenarios, where machine-based algorithms would perform poorly. Medical image labeling requires the expertise of specialist medical professionals in cases where the machine learning systems cannot accurately label the data. Data annotation service providers in the China are offering innovative data labeling services & annotated healthcare training data validated by medical experts to strengthen their market presence and add value to their offerings. As enterprises focus strongly on developing new & innovative solutions to cater to the growing demand, the market will witness a sharp expansion.

The automotive segment is anticipated to hold a majority of the Data Annotation Tools market size throughout the study period.

The end-use segment of the market is bifurcated into IT & telecom, BFSI, healthcare, retail, automotive, agriculture, and others. The automotive are expected to register highest CAGR between 2023 and 2032. The automotive manufacturers are transitioning toward leveraging AI for developing self-driving vehicles and connected cars. A gradual shift of the U.S. automotive industry toward full autonomy has been fueled with the development in AI and ML technologies, which make heavy use of labeled data to deploy self-driving mechanisms. The accurately labeled data assists on-board AI to make instantaneous decisions during complex road situations, avoiding major accidents and object collision. For instance, in December 2021, Tesla launched a new auto labeling tool for its self-driving vehicles. The auto labeling tool is able to use an extensive data set to improve its neural nets powering suite of autopilot feature. As automotive enterprises gradually acknowledge the benefits of high-quality labeled data to develop reliable onboard AI, the market will undergo a rapid growth.

The Asia Pacific region is estimated to exhibit the highest growth rate during the Data Annotation Tools market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific data annotation tools market revenue is poised to grow significant CAGR during the forthcoming years. Rapid growth of IT infrastructure, increasing number of data labeling start-ups, and wide-scale adoption of AI technologies have accentuated the regional market growth. With improvement in ICT landscape, abundance of skilled workforce, and increasing awareness regarding reliable training data among AI-related SMEs, the region is projected to become a major potential market. For instance, in June 2021, ByteBridge launched the world’s first mobile 3D cloud point data labeling service, which is the collaboration of various dots spread around 3D space. It is widely used for product development & analysis in aerospace, traffic, and others.

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Competitive Landscape

The global Data Annotation Tools market report includes players such as Annotate.com, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc., LightTag, Lotus Quality Assurance, Playment Inc., and Tagtog Sp. z o.o. among others.

Recent Developments in the Data Annotation Tools Market:

  • In June 2021, ByteBridge launched the world’s first mobile 3D cloud point data labeling service, which is the collaboration of various dots spread around 3D space. It is widely used for product development & analysis in aerospace, traffic, and other.
  • In June 2020, SuperAnnotate raised USD 3 million in venture funding. The investment was led by Point Nine Capital and used to speed up data labeling capabilities.

Data Annotation Tools Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Data Annotation Tools market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Data Annotation Tools market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Data Annotation Tools market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Data Annotation Tools Market Segmentation

By Data Type

  • Image/video
  • Text
  • Audio

By Annotation Approach

  • Manual Annotation
  • Automated Annotation

By End-use

  • IT & Telecom
  • BFSI
  • Healthcare
  • Retail
  • Automotive
  • Agriculture
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Mixed Reality Headsets Market
April, 2023

Mixed Reality Headsets Market to Reach US$ 22.2 Bn by 2032, driven by growing use of mixed reality headsets in employee & staff training and customer service platforms: Global Insight Services

New York, April 2023: According to a new research study by Global Insight Services (GIS), the global Mixed Reality Headsets Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 22.2 Billion by 2032.

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Mixed Reality Headsets Market: Key Trends and Drivers

Growing penetration of VR and AR technologies across various applications such as automotive, gaming, healthcare, education, industrial; and retail is expected to drive the mixed reality headsets market growth over the forecast timespan. These devices are being rapidly adopted in retail, from apparel to home décor, to attract customers and increase brand loyalty. These devices allow retailers to immerse the customers in customized worlds. In recent years, augmented reality & virtual reality technologies for collecting sights and sounds have gained popularity due to technological advancements. In addition, the accessibility of numerous electronic items like tablets, and other smart devices interoperable with augmented reality and virtual reality technologies has resulted in a major expansion of market prospects. In January 2022, Microsoft Corporation Inc. debuted its HoloLens 2 mixed reality headset in India. The headset’s artificial intelligence, time-of-flight depth sensor, and semantic understanding enable users to interact with holograms in a more realistic manner.

Mixed Reality Headsets Market: Restraints & Challenges

The key restraints and challenges in mixed reality headsets market are mainly due to the high cost of the hardware and the lack of content. The hardware cost is a major challenge as it is not affordable for a large number of people. The lack of content is also a challenge as there is not much content available for people to consume. Lack of quality content is expected to challenge the mixed reality headsets market. To attract customers and gain a strong foothold in the industry, companies need to ensure that enough good quality content is available on the internet. Moreover, rising health concerns due to the prolonged use is expected to challenge the industry in the long term. Users may also experience eye strain since they need to focus on a pixelated screen with these near-to-eye devices.

Mixed Reality Headsets Market Report Findings

https://www.globalinsightservices.com/reports/mixed-reality-headsets-market/

The metal stents segment is likely to hold a dominant Mixed Reality Headsets Market share and grow at a substantial CAGR during the forecast period.

By technology, the market is segmented into augmented reality, and virtual reality. The virtual reality segment accounted for significant market share in 2021 and is expected to register lucrative CAGR over the forecast period. This expansion is attributable to the broad use of virtual reality and the increasing popularity of industrial Internet of things, industrial robots, and smart factories, which have provided a major platform for VR uses in the manufacturing sector. Commercial use of VR devices is higher than the AR counterparts, due to low cost and wide usage of immersive devices in the gaming industry. These are being increasingly adopted in the movie theatres due to their ability to block distractions and ambient light, thus providing users enhanced experience.

The gallstones segment is anticipated to hold a majority of the Mixed Reality Headsets Market size throughout the study period.

By product, the Mixed Reality Headsets Market is classified into head-mounted display, and smart glasses. HMDs is expected to grow significantly over the next seven years in the mixed reality headsets market, owing to the presence of large number of manufacturers. Easy availability of raw materials and software required to manufacture these devices is expected to bode well for the industry growth. High demand for HMDs is expected from the aerospace & defense sector. These devices are being used for training and simulation in manufacturing and flying aircrafts. In December 2015, NASA announced that the astronauts will use the Microsoft HoloLens as a real-time instruction manual. The project called Project Sidekick is undertaken to facilitate closer communication between ground control and the astronauts in space.

The ambulatory surgical centres segment is anticipated to hold a majority of the Mixed Reality Headsets Market size throughout the study period.

Based on end-user segment of the market is bifurcated into entertainment, healthcare, aerospace & defense, automotive, retail, industrial, and others. Healthcare applications in the mixed reality headsets market are growing significantly, owing to enhanced capabilities of these devices in diagnostic and therapy segments. Many small players in the industry are investing to develop new products to cater to the requirements from the healthcare sector. For instance, in September 2017, a U.S.-based startup, NuEyes announced the development of smart glasses for the people with impaired vision. The battle to capture the three trillion-dollar healthcare industry has started with the tech-giants such as Apple and Google acquiring healthcare technology companies to develop smart glasses for diagnosis. At the World Economic Forum in January 2017 in Davos, Bill McDermott, SAP CEO emphasized that personalized medicine using technology will be the future of the healthcare industry and that the industry will move from an analog experience to digital, thus propelling the mixed reality headsets market growth.

The North America region is estimated to exhibit the highest growth rate during the Mixed Reality Headsets Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America emerged as the leading region in the Augmented Reality & Virtual Reality in Manufacturing Market with the highest revenue share in 2021. Increased adoption of industrial revolution 4.0 in the U.S. manufacturing sector stimulates industry expansion in the region.

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Competitive Landscape

The key players in the Mixed Reality Headsets Market Apple Inc., Atheer, Inc., Dell, GlassUP S.r.l, Google LLC, The Hewlett-Packard Company, HTC Corporation, Lenovo, LG Electronics Inc., and Samsung, among others.

Recent Developments in the Mixed Reality Headsets Market:

  • In Aug-2022: Vuzix Corporation launched Blade 2 smart glasses, its third generation Blade model. This Blade 2 is an AR workforce solution developed on the popular Blade form factor, which would provide a host of better features and high performance specifically developed to fulfill the requirements of connected workers.
  • In Aug-2022: Vuzix Corporation signed an agreement with L3Harris Technologies, an American technology company. This agreement aimed to create a personalized waveguide-based optics engine, which aimed to be utilized in head borne systems developed for military applications.
  • In May-2022: Microsoft came into a partnership with Kawasaki, a group of motorsport vehicles. Under this partnership, Kawasaki became a new customer for the tech giant’s “industrial metaverse”, which is a fancy way of saying factory floor workers to wear a HoloLens headset to assist with production, repairs, and managing supply chains.
  • In May-2022: Google took over Raxium, a Bay Area startup. This acquisition aimed to work on microLED display technologies for wearables and augmented & virtual reality (AR and VR) headsets.
  • In May-2022: ESI Group teamed up with ENSAM, a French engineering and research institute of higher education. Through this collaboration, ESI Group would expand its commitment to the industrial and academic ecosystems by enabling Inspector software accessible to as many individuals as possible, allowing them to collaborate on a dependable and flexible solution to tackle the technological problems and special requirements of the community.
  • In Feb-2022: Harman International, a subsidiary of Samsung Electronics took over Apostera, a German automotive software firm. This acquisition aimed to expand its business in the augmented reality and mobility technology sector. Integrated with Harman’s digital cockpit product portfolio, Apostera’s technologies would narrow the gap between the physical and digital worlds.
  • In Jan-2022: Microsoft launched its mixed reality headset HoloLens 2 in India. HoloLens 2 assists companies and their employees to complete important tasks quickly, safely, and more efficiently, and develop new ways to connect with customers as well as partners.
  • In Jan-2022: Microsoft joined hands with Qualcomm Technologies, an American multinational corporation. This collaboration aimed to expand and boost the adoption of augmented reality (AR) in the consumer and enterprise sector. Under this collaboration, Qualcomm Technologies would work with Microsoft across various initiatives to support the ecosystem, comprising the development of custom AR chips to allow a new wave of power-efficient, lightweight AR glasses to offer rich and immersive experiences, and plans to combine software such as Microsoft Mesh and Snapdragon Spaces XR Developer Platform.

Mixed Reality Headsets Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Mixed Reality Headsets Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Mixed Reality Headsets Market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Mixed Reality Headsets Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Mixed Reality Headsets Market Segmentation

By Technology

  • Augmented Reality
  • Virtual Reality

By Product

  • Head-mounted Display
  • Smart Glasses

By End-user

  • Entertainment
  • Healthcare
  • Aerospace & defense
  • Automotive
  • Retail
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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DevOps Market
April, 2023

DevOps Market to Reach US$ 35.8 Bn by 2032, driven by increasing digitization in the banking sector: Global Insight Services

New York, April 2023: According to a new research study by Global Insight Services (GIS), the global DevOps market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 25.8 Billion by 2032.

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DevOps Market: Key Trends and Drivers

The adoption of software development automation technologies including continuous integration and Continuous Deployment (CI/CD) practices is likely to fuel the industry growth. The evolution of automation technologies across various industry verticals has strengthened the demand for DevOps tools. As software upgrades are becoming increasingly important in a digitally empowered landscape, enterprises are adopting DevOps solutions for quick development and deployment.

DevOps Market: Restraints & Challenges

The key restraints and challenges in DevOps market are lack of skilled personnel: There is a lack of skilled personnel who are trained in both traditional IT operations and development and are able to work in a DevOps environment. Lack of standardization: There is no standardization in the DevOps market, which makes it difficult for organizations to compare and select the right solutions and vendors. High costs: DevOps solutions and services can be expensive, which can be a barrier for organizations with limited budgets. Implementation challenges: DevOps can be complex to implement and there can be challenges associated with integrating it into existing IT infrastructures.

DevOps Market Report Findings

https://www.globalinsightservices.com/reports/devops-market/

The solution segment is likely to hold a dominant DevOps market share and grow at a substantial CAGR during the forecast period.

By component, the market is segmented into solution, and services. The solutions segment in the United States held more than 65% of the DevOps market share in 2021 and is estimated to exhibit steady growth through 2028. The growing popularity of automated testing and development tools has accentuated the demand for management DevOps solutions. Development & operations analytics is also gaining traction across the country as enterprises are increasingly adopting analytics to streamline the software delivery lifecycle and gain better insights into automated software testing data. For instance, in May 2020, IBM launched an upgraded version of its IBM AIOps solution, which monitors structured & unstructured data of log files and alerts development teams through predictive analytics in case of any unwanted incidents.

The on-premise segment is anticipated to hold a majority of the DevOps market size throughout the study period.

By deployment model, the DevOps market is classified into On-premise, Public Cloud, Private Cloud, and Hybrid Cloud. The on-Premises segment accounted for significant revenue in 2021 driven by the shifting preference of Chinese enterprises toward on-premise hosting of development & operations tools. On-premise solutions offer greater control over enterprise data and better resiliency compared to cloud-based tools. As per the data released by Alibaba Cloud Computing, the Chinese DevOps market is fundamentally different from mature regional markets such as Singapore or ANZ. There is a longstanding preference for enterprise-owned physical assets instead of procuring external services such as outsourcing or managed services.

The IT & telecom sector segment is anticipated to hold a majority of the DevOps market size throughout the study period.

The application segment of the market is bifurcated into BFSI, healthcare, government, IT & telecom, manufacturing, retail, and others. The IT & telecom sector in Germany captured nearly 30% of the DevOps market share in 2021 owing to rising awareness of the usage of DevOps tools to complement the capabilities of Network Function Virtualization (NFV) technologies. This has propelled German telecom service providers to utilize DevOps processes to manage their container-based networks. The advent of several virtualization technologies including virtual firewalls, traffic routing, and broadband remote server addresses has proliferated the market demand for CI/CD solutions. Infrastructure-as-a-Code (IaaC) coupled with automated-based IT orchestration assists the German IT & telecom industry to efficiently code & pack virtualization processes into containers.

The Asia Pacific region is estimated to exhibit the highest growth rate during the DevOps market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific DevOps market revenue is poised to grow significant CAGR during the forthcoming years. The regional industry is characterized by extensive digitization across sectors, especially the IT & telecom. Moreover, the growing penetration of software automation tools in India and South Korea to deliver efficient software automation across the BFSI & retail sectors has accentuated the market growth. Regional SMEs are rapidly adopting automated software delivery tools to streamline operations and reduce capital expenditure by integrating hybrid cloud solutions with CI/CD tools. This is another major factor contributing to the expanding market presence of DevOps technologies.

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Competitive Landscape

The global DevOps market report includes players such as Amazon Web Services, Inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, and Rackspace Technology, among others.

Recent Developments in the DevOps Market:

  • In November 2021, HSBC has signed a multi-year deal with DevOps platform CloudBees to standardise software delivery for over 23,000 developers globally.
  • In June 2021 Copado, announced a milestone release as it opens up its platform for true multi-cloud DevOps for enterprise SaaS and low-code development.
  • In January 2021, Cloudreach Launches DevOps as a Service to Provide Flexible Support for Organizations Driving IT Transformation.
  • In February 2020, Amazon Web Services invested USD 236 million to build a data center facility in Sao Paulo, Brazil. This investment helped the company to uphold the adoption of cloud-powered DevOps services across public and private enterprises.
  • In January 2020, CollabNet VersionOne and XebiaLabs Combine to Create Integrated Agile DevOps Platform.

DevOps Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global DevOps market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future DevOps market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the DevOps market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global DevOps Market Segmentation

By Component

  • Solution
  • Services

By Deployment Model

  • On-premise
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Application

  • BFSI
  • Healthcare
  • Government
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Cloud POS Market
April, 2023

Cloud POS Market to Reach US$ 11.4 Bn by 2032, driven by increased demand for contactless payment options came as a respite, creating a favorable scenario for market players: Global Insight Services

New York, April 2023: According to a new research study by Global Insight Services (GIS), the global Cloud POS market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 11.4 Billion by 2032.

Cloud POS refers to a point of sale system that is based on the cloud. This means that all of the data and applications associated with the POS system are stored on a remote server, and accessed via the internet. There are a number of benefits to using a cloud POS system, including the fact that it can be accessed from anywhere, and is much more scalable than a traditional POS system.

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Cloud POS Market: Key Trends and Drivers

The surge in the utilization of online food delivery services is likely to drive the industry growth. For instance, in December 2021, Zomato Ltd. confirmed a gross merchandise value of around USD 13.5 million compared to approximately USD 10.1 million on the exact date last year. To ensure strong business growth, the market players are implementing cloud POS solutions to gain operational scalability and flexibility offered by cloud computing technology. The rising implementation of cloud POS solutions that enable to link online orders, financial transactions, and inventory efficiently will fuel the market demand.

Cloud POS Market: Restraints & Challenges

The key restraints and challenges in cloud POS market are lack of awareness about the benefits of cloud POS among small and medium businesses: Small and medium businesses are often unaware of the benefits of cloud POS systems and this acts as a restraint for the growth of the cloud POS market. High initial investment: The initial investment required for setting up a cloud POS system is high as compared to traditional POS systems. This acts as a deterrent for small and medium businesses who are looking to adopt cloud POS. Lack of skilled personnel: The lack of skilled personnel who can operate and maintain cloud POS systems is another challenge faced by the cloud POS market. Security concerns: Security concerns are also a major challenge faced by the cloud POS market. As cloud POS systems store sensitive data such as customer credit card information, there is a risk of this data being hacked or leaked.

Cloud POS Market Report Findings

https://www.globalinsightservices.com/reports/cloud-pos-market/

The large enterprises segment is likely to hold a dominant Cloud POS market share and grow at a substantial CAGR during the forecast period.

By organization size, the market is segmented into SMEs, and large enterprises. The large enterprises segment in the held significant market share in 2021 and is estimated to exhibit steady growth through 2032. Introduction of new innovative solutions by companies are propelling the regional business expansion. The industry participants such as Mastercard International Incorporated, NCR Corporation, and Oracle Corporation, are investing in R&D activities to increase their portfolio and target a wide set of customers. In January 2021, Mastercard International Incorporated partnered with NMI & Global Payments Inc. to introduce its live Cloud Tap on Phone with Computer Engineering Group. The software is designed for business of any size and will be hosted on Azure cloud platform. This will support the large enterprises in reducing their maintenance & development costs, while offering robust security features. The advancement in cloud POS solutions will attract more companies to integrate the cloud computing technology with the existing network.

The software segment is anticipated to hold a majority of the Cloud POS market size throughout the study period.

By component, the Cloud POS market is classified into Software, Maintenance & Support, and Consulting & Training. The software segment accounted for significant revenue in 2022 driven by the rise in installation of modern digital solutions that enable hassle-free and paperless transactions. The hospitality sector is focusing on replacing legacy systems with advanced cloud POS solutions to ensure customer convenience. Companies in the hospitality sector are focusing on maximizing profitability while streamlining daily operations.

The restaurant segment is anticipated to hold a majority of the Cloud POS market size throughout the study period.

The application segment of the market is bifurcated into Retail & E-Commerce, Restaurant, Hospitality, Transportation & Logistics, Entertainment & Media, Healthcare, and others. The restaurant segment captured significant market share in 2022. The restaurant sector is emphasizing on the concept of cloud-based kitchens to capture a large customer base. Through this, they are expanding their market penetration across the region at a low startup cost. The growing implementation of the virtual kitchen concept will augment the requirement of cloud POS system for order and revenue management. It assists the restaurants in increasing their customer base, profitability, and gross margins. The rising focus on the development of cloud kitchen restaurants in the UAE will further enhance the industry expansion.

The Asia Pacific region is estimated to exhibit the highest growth rate during the Cloud POS market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific Cloud POS market revenue is poised to grow significant CAGR during the forthcoming years. The stay-at-home regulations imposed during the pandemic further boosted the utilization of e-commerce platforms and digital payment technologies. For instance, as per the Flipkart December 2021 report, the company witnessed a 47% year-on-year customer growth from the Tier 3+ cities in this past calendar year. This indicates the shift in consumer purchase habits in fashion, electronic, books, groceries, and medicine categories. To effectively cater to the increasing demand, several stakeholders in the ecosystem, such as merchants, vendors, and service providers, are focusing on integrating the cloud POS solutions into their system.

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Competitive Landscape

The global Cloud POS market report includes players such as Amazon Web Services, Inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, and Rackspace Technology. among others.

Recent Developments in the Cloud POS Market:

  • In June 2021, Toast acquired xtraChef, which provides customized back-office automation for inventory management and accounts payable. The acquisition is aimed at enhancing the Toast POS solution for managing restaurant financial health
  • In March 2021, Lightspeed acquired Vend Limited, a cloud-based retail management software vendor based in New Zealand. The acquisition was aimed at strengthening the company’s customer base in the retail sector and establishing a strong foothold as a global Omni channel retail platform that can be integrated with POS for small- and medium-sized businesses.
  • In December 2020, Lightspeed had also acquired Upserve, which catered to the restaurant sector for payment solutions.

Cloud POS Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Cloud POS market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Cloud POS market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Cloud POS market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global kidney stones management market.

Global Cloud POS Market Segmentation

By Organization Size

  • SMEs
  • Large Enterprises

By Component

  • Software
  • Maintenance & Support
  • Consulting & Training

By Application

  • Retail & E-Commerce
  • Restaurant
  • Hospitality
  • Transportation & Logistics
  • Entertainment & Media
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

 

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Extended Reality (XR) Market
April, 2023

Extended Reality (XR) Market to Reach US$ 112.6 bn by 2032, driven by the increasing demand for more realistic and immersive gaming experiences: Global Insight Services

New York, April 2023: According to a new research study by Global Insight Services (GIS), the global Alternative Lending Platform Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 112.6 bn by 2032.

Extended reality (XR) is a term used to describe all-immersive, interactive technologies that allow users to interact with digital content in a real-world environment. This can include anything from virtual reality (VR) and augmented reality (AR) to mixed reality (MR) and extended reality (XR).

XR is often used to describe a new era of computing where the physical and digital worlds merge, and where users are able to interact with digital content in a natural and realistic way. This is made possible by advances in technology, such as head-mounted displays, motion tracking, and haptic feedback. XR has the potential to transform the way we live, work, and play. For example, it can be used for education and training, to give people the ability to learn new skills in a realistic and interactive way. It can also be used for entertainment, to create experiences that are more immersive and interactive than traditional forms of media. XR has already begun to change the way we interact with technology, and it is expected to have a profound impact on society in the years to come.

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Extended Reality (XR) Market: Key Trends and Drivers

There are a few key drivers of the extended reality market. The first is the increasing demand for more realistic and immersive gaming experiences. This has led to a need for more sophisticated hardware and software that can create realistic virtual environments. The second driver is the growing popularity of virtual reality and augmented reality technology in other industries such as healthcare, retail, and manufacturing. This is providing a boost to the extended reality market as businesses look for ways to improve their product or service offerings. Finally, the decreasing cost of extended reality technology is making it more accessible to a wider range of consumers and businesses.

Extended Reality (XR) Market: Restraints & Challenges

Extended reality is a new and emerging technology with a range of potential applications across various industries. However, there are a number of key restraints and challenges associated with the development and adoption of extended reality technology.

One of the key challenges is the high cost of hardware and software required to create and experience extended reality. This includes expensive head-mounted displays and high-powered computers. This limits the technology to those who can afford it and makes it difficult to achieve mass adoption.

Another challenge is the lack of standardization and interoperability between different extended reality platforms. This makes it difficult for developers to create content that can be experienced across multiple devices and platforms. This also limits the ability of users to share extended reality experiences with others.

Finally, there are concerns about the potential negative impact of extended reality on users. There are fears that the technology could be used to create immersive and addictive experiences that could have a negative impact on people’s mental health. There are also concerns about the privacy implications of extended reality, as the technology could be used to collect sensitive data about users without their knowledge or consent.

Extended Reality Market Report Findings

The consumer engagement segment is anticipated to hold a majority of the Extended Reality Market size throughout the study period.

By solution, the Extended Reality Market is segmented into consumer engagement and business engagement. The consumer engagement segment held the largest market share of xx% in 2022 and is expected to grow at a significant CAGR over the forecast period.Customers are rapidly rejecting banking companies that do not understand their demands and do not deliver customized real-time advice. Creating compelling banking experiences throughout the client journey across all channels is now a must.
India is one of the most rapidly rising Fintech markets, with a digital adoption rate nearly double that of the previous year. The Reserve Bank of India has redirected its focus to the Fintech industry, creating a separate department that would be entirely responsible for Fintech policies. In order to create a “cashless” economy, officials guarantee that safe, secure, and affordable e-payment technologies are always available. Engaging clients and establishing trust is one of the most important components of boosting digital payment with a new twist.

The VR segment is anticipated to hold a majority of the Extended Reality Market size throughout the study period.

By application, the market is segmented into AR, VR, and MR. Virtual Reality (VR) enables users to experience a three-dimensional environment in the real world. This immersive experience for consumers is created by VR technology through gadgets such as VR headsets, glasses or gloves, and bodysuits. VR technology has also transformed the gaming and entertainment sectors by enabling users to engage themselves in a highly-simulated gaming world. Furthermore, the increasing use of virtual reality in instructional training, such as for field workers, engineers, mechanics, pilots, defense personnel, and technicians in the various industrial sectors, is propelling the market’s growth.

The media and entertainment segment is anticipated to hold a majority of the Extended Reality Market size throughout the study period.

By end-user, the market is segmented into education, healthcare, retail, industrial and manufacturing, media and entertainment  and Others. of these media and entertainment segment holds significant market share
Over the last few years, media companies have examined XR technology as a new frontier for storytelling and a possible advertising outlet. They have partnered with companies developing virtual reality (VR) headsets and software developers broadcasting VR events, attempting to determine how to build the best VR content. Furthermore, some firms are also beginning to invest in VR companies. The XR’s greatest marketing potential lies in its engagement capabilities, which allow companies to build emotional connections to their products and services. With XR-powered technology, media companies can reach their target audience more effectively. Simulating real-world experience, XR applications make the customer experience more interactive, engaging, and appealing. As a result, digital agencies and media buyers can build an emotional attachment to their brands..

The North America segment is anticipated to hold a majority of the Extended Reality Market size throughout the study period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region of the extended reality market is expected to grow significantly over the forecast period, owing to many vendors making considerable investments in market innovation. Globally, the United States has been one of the highly innovative augmented reality (AR), Virtual Reality (VR), and mixed reality (MR) markets. Most of the companies that are advancing in this technology are based in the United States. High technology exposure and the ease of smart devices have created a strong demand in the region. Microsoft’s AR product, Hololens, first released in the United States and Canada, received a positive response from users nationwide. The region is also expected to hold a significant market share. The US Government has been finding both direct and indirect ways to use these technologies to facilitate innovations and promote prosperity. Moreover, the Foreign Service Institute at the State Department has introduced VR as an experiential learning tool in specific training. Moreover, various AR and VR training programs have been implemented to develop local workforces and manage wastewater. The region is also dominating the market owing to the high technology exposure and the easy availability of resources, which created a robust demand for extended reality devices. Many companies in the region are deploying innovative technology into their AR/VR wearablesn.

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Competitive Landscape

The key players in the market are Qualcomm Incorporated, Agile lens, Tata Exlsi, Apple Inc, Semcon, Samsung Electronics, Medtronic, HTC, Oculus VR, and Seiko Epson.

Recent Developments:

  • November 2022: Varjo launched a platform for Unreal Engine and Unity projects for its VarjoReality Cloud platform. This ready-to-use enterprise software as a service (SaaS) primarily enables real-time VR/XR cloud streaming capabilities anywhere and at any time to supported devices, especially for professional users.
  • October 2022: Talespin declared new funding from the WestRiverGroup. The deal includes Talespin’sstrategic acquisition of the ‘Pioneer Adaptive Learning Platform’ and the addition of new employees and advisors from Singularity.

 Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Alternative Lending Platform Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Alternative Lending Platform Market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Alternative Lending Platform Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Market Segmentation

  • By Solution
    • Consumer Engagement
    • Business Engagement
  • By Application
    •  Virtual Reality (VR)
    • Augmented Reality (AR)
    • Mixed Reality (MR)
  • By End-user
    • Education
    • Retail
    • Industrial and Manufacturing
    • Healthcare
    • Media and Entertainment
    • Other End-user Industries
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Spain
      • Italy
      • UK
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Rest of Asia-Pacific
    • Rest of the world
        • Latin America
        • Middle East
        • Africa

 

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Data Storage Market
April, 2023

Data Storage Market to Reach US$ 282.4 Bn by 2032, driven by rising demand for data storage in retail, healthcare, and manufacturing sector and a consequent rise in the adoption of cloud computing

New York, April 2023: According to a new research study by Global Insight Services (GIS), the global Data Storage Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 282.4 Billion by 2032.

Data storage refers to the recording or storing of information and data in an electromagnetic, optical, or silicon-based storage medium. Data is often stored in a digital, machine-readable medium, and is called digital data. The prevalent forms of data storage are file storage, object storage, and block storage.

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Digital Power Utility Market: Key Trends and Drivers

The rapidly growing digital infrastructure and penetration of cloud-based services in organisations are driving the global data storage industry forward. As new industries are joining the market, there have been a rise in new technologies and improvements in the existing structures of data storages, taking the market forward. Increased production of information from input-output electronic devices across various applications is acting as a catalyst for the market growth. The adoption of data storage structures in banks as a move to reduce paperwork and increase digitisation is providing an impetus to the market growth. Moreover, the adoption of technologies like the internet of things (IoT) in various end-use industries is expected to drive the market forward.

Digital Power Utility Market: Restraints & Challenges

The high cost involved in the collaboration and integration of diverse applications of digital utility hinders the growth of the digital utility market in the global market. The lack of awareness is another major factor that restricts market growth. Also, the issue of cyber security is a major shortcoming in the growth of the digital utility market.

Data Storage Market Report Findings

https://www.globalinsightservices.com/reports/data-storage-market/

The Direct-Attached Storage segment is likely to hold a dominant Data Storage Market share and grow at a substantial CAGR during the forecast period.

By Storage System, the Data Storage Market is segmented into Direct-Attached Storage, Network-Attached Storage, and Storage Area Network. The Direct-Attached Storage segment held the largest market share of xx% in 2022 and is expected to grow at a significant CAGR over the forecast period. Direct Attached Storage (DAS) is the oldest and most conventional data storage system connected directly to a computer, such as a server or PC, unlike other storage systems connected to a computer over a network.

DAS offers specific benefits compared to other storage systems that play an essential role in many organizations’ storage strategies: high performance, easiness during the setup and configuration, fast access to data, and low cost. Generally, DAS offers high storage performance to the computer system it is directly attached to, owing to the advantage of fast computer bus interfaces, such as SAS and SATA, and the close location of data to the system’s RAM and processor. Recently, in May 2022, TerraMaster launched a new 8-bay direct-attached storage (DAS) device for customers who need a central location to store a lot of data. Unlike NAS, DAS is used locally through the use of cables that directly connect to a PC or other device. The new TerraMaster D8-332 is professional RAID storage with a capacity of up to 160TB.

One common application of DAS is in data centres. Applications such as web hosting use DAS, where customers want their own private storage devices connected to their dedicated server. DAS is also commonly utilized in data centres as storage used for booting the operating systems and/or hypervisors. The integrated solutions segment is expected to register the highest CAGR over the forecast period. Integrated solutions offered in the market include cloud and software services. The software solution assists in digitizing assets, optimizing operations, providing flexibility, and improving reliability.

The Cloud Service Providers segment is likely to hold a dominant Data Storage Market share and grow at a substantial CAGR during the forecast period.

By end-user, the Data Storage Market is segmented into Media and Entertainment, Education, IT and Telecommunications, Defence and Aerospace, Banking, Financial Services and Insurance (BFSI), Cloud Service Providers, and Others. The cloud service providers segment is projected to emerge as one of the fastest-growing segments in the market for next-generation data storage over the forecast period. Cloud computing is likely to play a massive role in the development of next-generation machines. Moreover, the increased adoption of cloud technologies such as hybrid cloud, IoT, BDaaS, and PaaS, is likely to necessitate cloud service providers to utilize next-generation data storage solutions to better cater to their customers.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the Data Storage Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the market for next-generation data storage in 2022, accounting for a nearly xx% revenue share of the global market. This can be attributed to the large volume of unstructured data across several industry verticals and the need for secure and economic solutions for storing data. Easy availability of technologically advanced products such as 3D and molecular storage is likely to further fuel growth prospects of the North American market over the forecast period.

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Competitive Landscape

The key players in the market are Siemens AG, General Electric, IBM, Oracle Corporation, SAP SE, Schneider Electric SE, ABB LTD, Eaton Corporation, and Capgemini, among others.

Recent Developments in the Digital Power Utility Market:

  • In October 2021, Dell Technologies announced new additions to its Dell EMC PowerScale portfolio. PowerScale is the company’s integrated network-attached storage (NAS) solution for AI-based initiatives, from proof of concept to deployment.
  • In April 2021, IBM announced plans to launch a new container-native software-defined storage (SDS) solution, IBM Spectrum Fusion, in the second half of 2021. The solution was expected to be designed to fuse IBM’s general parallel file system technology and its data protection software to give businesses and their applications a simple and less complex approach to accessing data seamlessly within the data centre, at the edge and across hybrid cloud environments.

Data Storage Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Data Storage Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Data Storage Market potential from 2022 to 2032 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Data Storage Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.
  • centre, at the edge and across hybrid cloud environments.

Global Data Storage Market Segmentation

By Storage System

  • Direct-Attached Storage
  • Network-Attached Storage
  • Storage Area Network

By End-user

  • Media and Entertainment
  • Education
  • IT and Telecommunications
  • Defence and Aerospace
  • Banking, Financial Services and Insurance (BFSI)
  • Cloud Service Providers
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players

  • IBM Corporation
  • NetApp Inc.
  • Microsoft Corporation
  • Pure Storage Inc.
  • Dell Inc.
  • Samsung Electronics
  • Toshiba Corporation
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise
  • Intel Corporation

 

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