Tuesday, 30 April 2019

Low Power Wide Area Technology Market: Trends Research and Projections for 2016 - 2024

Low Power Wide Area (LPWA) technology is a network that enables connecting of devices requiring low bandwidth. LPWA can be used for connecting machine to machine (M2M) devices and serve as a low cost and power efficient solution in nature. Furthermore, the network has wide coverage area/range thereby supporting all kind of devices that can be connected through Internet of things (IOT). Wireless technologies such as Wi-Fi, Bluetooth, Zigbee can only be used for consumer oriented devices having short range. However, industrial IoT and M2M devices demands uninterrupted and continuous flow of data which can be fulfilled by use of LPWA technology. LPWA technology strengthens the position of IoT market participants through helping suppliers to get closer to their customers.

Use of wire line and cellular network for M2M and IoT devices led to increase in cost and power consumption. However with the advent of LPWA technology, the problem of high cost and huge power consumption can be decreased effectively. Presently, LPWA technology is widely used in European region for controlling IoT devices such as smart-meter, parking management and traffic light controlling.

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LPWA market is expected to grow in coming years due to increasing number of IoT based devices and the need for better connectivity. LPWA technology is expected to be widely applicable in the area of public administration, healthcare, energy and education sector. LPWA has strong propagation which implies that the technology has the ability to reach deep underground hence facilitating strong connectivity of devices in basement area or in sewer. The low cost characteristic of LPWA makes it a flexible solution that can be implemented in wide range of businesses and can be used adjacently with cellular or satellite connectivity. Therefore, the LPWA market is expected to witness strong growth in utility sector in order to monitor residential gas and water meter in coming years. Since gas and water meter are not connected to any electrical circuit and usually deployed underground, usage of cellular connectivity coupled with LPWA technology can fulfill the future monitoring demand effectively.

The LPWA technology presents great opportunity for MNO (mobile network operator) providers. The provision of LPWA connectivity for the MNOs shall be seen as a secured route for maintaining strong customer relationship. Such direct relationship with the customer will help MNO (mobile network operators) to create a repository of royal customer base which are more profitable. Furthermore, LPWA technologies can present good opportunity even for non-MNOs network providers. Organizations that operate radio tower network can very well position themselves by effectively deploying LPWA technology. Such technology can be leveraged to help non- MNOs to gain traction in the market as it will then become relatively easy to provide cellular mobile connectivity to those same end-users and even to the third parties. The LPWA market is expected to grow with the growth of smart cities and development of sensory devices that need long lasting connectivity for its operation.

Some of the key players in LPWA market are Vodafone Group PLC, U-blox AG, Telstera Corporation, Cisco Systems Inc., Semtech Corporation, SK Telecom Co. Ltd., Flashnet Communications Inc., Samsara Networks Inc., Proximus SADP, and Microchip Technol.

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Gear Motors External Services Market: Insights and Emerging Trends by 2024

The external services for gear motors include aftermarket services such as repair and maintenance. Currently, external service providers are expected to attract customers for periodic repair and maintenance tapping into the manufacturers’ potential revenue alternatives. Gear motors external services providers cater to various industries such as food and beverages industry, metals and mining industry, power industry, material handling industry, oil and gas industry, chemical industry, petrochemical industry, construction industry, pulp and paper industry, water and waste water management industry, heavy machinery industry, and agriculture industry.

The gear motors market is segmented by type of service as emergency (breakdown) services, spare parts, and maintenance (and repair) services. The maintenance and emergency services dominate the gear motors external services market. However, the spare parts segment is expected to witness significant growth in gear motor external services market owing to replacement needs in the complex industries. The key players in the gear motors external service market include SEW Eurodrive, BFT Automation UK Ltd., Siemens AG, SKF International, Bonfiglioli and David Brown Gear Systems Ltd, Framo Morat Group among others. Gear motor external services market is segmented by geography into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Currently North America is the largest market for gear motors external services. China is one of the leading revenue contributors in the global gear motors external services market.

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In environments where gear motors are subjected to extreme conditions, constant maintenance is required. Thus, to maintain the life and efficiency of gear motors, demand for external services is gaining traction. Increasing importance of predictive and preventive maintenance is driving the gear motors external services market. Gear motor manufacturers are focusing mainly on conditional monitoring thus increasing the demand for external services in the gear motors market.

Customized gear motors are gaining traction in the market. In case of customized high powered gear motors, only the manufacturer holds the sufficient knowledge to provide repair services thus restraining the demand for external services in the gear motors market. However, as high powered gear motors require constant maintenance the demand for external services is expected to boost. Moreover, with manufacturers (gear motors) looking for alternatives to expand their network worldwide, demand for service providers is expected to further surge. The trend is further estimated to strengthen as customers look for quality/certified service providers so as to ensure higher run time of these motors for enhanced efficiency.

External services for gear motors are also gaining importance due to energy efficiency requirements. For achieving efficiency, constant maintenance services are needed which drives the gear motors external services market. Gear motor replacement needs across industries boosts the gear motors market growth. In oil and gas industry, mining industry, power industry, provision of maintenance and repair is challenging in terms of distribution and logistics of services. Such niche segments are expected to open up new opportunities and gain demand over the coming years. The use of gear motors in non-conventional energy generation sector is expected to drive the market over the coming years. Though, ease of use and simple design is facilitating the wide acceptance of gear motor technology across various industries, new technologies such as variable frequency drives restrain the growth of gear motors external services market.

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Stadium Security Market to Expand at a 12.74% CAGR from 2017 to 2025

The global stadium security market has been prophesied in a report by Transparency Market Research (TMR) to find leading players taking to the adoption of partnerships, collaborations, product development, and mergers and acquisitions to secure stronger shares in the coming years. For instance, a leader in seating system solutions, VDL has recently shaken hands with GP Smart Stadium in a business partnership. The partners would be working toward achieving the goal of successfully deploying modern systems in Iraq’s Basrah International Stadium. The market also includes other prominent names of the industry, viz. Avigilon, AxxonSoft, and Genetec.

By the completion of 2025, the global stadium security market has been projected by TMR to reach a valuation of US$20.20 bn while posting a 12.74% CAGR for the forecast tenure 2017-2025. In 2016, the market had been valued at a US$6.94 bn. By sales channel, it could witness the rise of channel partner collecting higher revenue of US$10.95 bn. On the basis of region, North America has been prognosticated to expand at a whopping CAGR of 13.65%.

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Worries about the possibility of reoccurrence of terrorist attacks on large gatherings, especially during sports events, have been anticipated to increase the demand for stadium security. In 2017, the Manchester Arena bombing injured over 500 people and killed 23, including the attacker. Currently, almost every large stadium around the globe has been well-equipped with advanced systems such as intrusion alarms, metal detectors, fire alarms, access control systems, and CCTV cameras.

Stadium owners have been observed to shell out colossal amounts of funds on security systems. Managing misbehaviors of attendees or their sudden outburst due to certain reasons could be a gigantic task to see through. However, with proper stadium security solutions in place, authorities could maintain a positive environment within the arena.

There are still a few stadium owners who lack sufficient funds to maintain security inside and outside the arena. This could also percolate to investments made by owners, causing them to run low as a result of it. Furthermore, indigenous infrastructure of stadiums has been foretold to cause problems to complement smart technologies.

However, increasing frequency of sports events organized in different parts of the world and crowds of enthusiasts attending them could continue to raise the demand for stadium security at a sharp rate. Prompt response promised by security agencies during emergencies or untoward events has been expected to further surge the demand in the near future. After all, providing one-of-a-kind experience and ascertaining the security of visitors are of prime importance in the eyes of stadium authorities.

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Cloud Based Simulation Application Market to Progress at a 11.4% CAGR from 2017 to 2025

The concentration of a multitude of service providers renders a high degree of competition in the global cloud based simulation application market, says Transparency Market Research (TMR) in a new report. To stay competitive, key players are striving to differentiate their service offerings and also add innovative functions and technologies to their existing services. In this scenario, partnerships, mergers and acquisitions are the sought after strategies for success that key players are resorting to. According to TMR, some of the key companies operating in the global cloud based simulation application market are ANSYS Inc., Autodesk Inc., Dassault Systemes, Exa Corporation, Fieldscale, MSC Software, Rescale Inc., Siemens PLM Software, SimCore Technologies, SOASTA Inc., and SimScale.

According to the TMR report, the global cloud based simulation application market was pegged at US$3,259.8 mn in 2016. By the end of 2015, the market is projected to be worth US$8,451.5 mn progressing at a healthy 11.4% CAGR during the forecast period between 2017 and 2025. Based on solution, software as a service (SaaS) held the leading share of more than fifty percent in the overall market in 2016. By application, process improvement segment held more than 30% market share in 2016. Regionally, North America held the leading share in the global cloud based simulation application market in 2016.

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“Simulation software applications are used across a host of industry verticals for various functions,” says a TMR analyst. They are used to provide training, efficient use of available resources, and to predict process outcomes by enhancing process efficiency. Simulation software applications are equipped with inbuilt capabilities to measure, simulate, restructure, and manage risks. Due to this, simulation software applications enable users to deliver high quality products with shorter time to market.

The rising demand for industrial automation also accounts as a key growth driver of cloud based simulation application market. The demand for cloud based simulation application has been on the rise from automotive, defense and aerospace, and manufacturing sectors over the last couple of years. Several companies are investing in simulation technology and its application with the objective of sustainable development which is expected to drive the growth of cloud based simulation application market in the upcoming years. For example, key players such as Dassault Systems, Autodesk, and Siemens PLM Software among others are focused on technological innovation to provide best web based simulation application which is contributing to the market’s growth.

Apart from this, training, process improvement application are some other progressive areas that are anticipated to display a considerable demand for cloud based simulation application in the upcoming years. This is mainly because of increased accessibility via Software as a Service (SaaS) solution model.

On the downside, insufficient technical expertise to operate cloud based simulation application is challenging the market’s growth. High complexities involved in cloud based simulation application requires critical programming capabilities. This makes it particularly difficult for first-time users to learn the designing process of cloud based simulation.

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Data Center Construction Market: Developments, Growth and 2016 - 2024 Forecast Research Study

A data center is a facility used by an enterprise to accommodate computer systems, server, network systems and other related components to support a company’s IT infrastructural needs. This basically involves storing, processing and serving large amounts of crucial data, which ranges from small servers to robust large industrial scale equipment and dedicated client architecture. The construction of data center is a critical task, which includes extensive planning in terms of location, storage, and material to be used in order to maintain and control environment within the data center. The location is an important factor to be considered while planning to build a data center as it is very necessary to keep the environment cool inside data center. The equipment inside data center such as server and storage are running 24x7 and they generate large amount of heat, which could result in equipment failures, further affecting efficiency of the service provider.

The data center construction market is expected to grow with rise in demand for energy efficient data centers to address the carbon impact of their business and increase utilization of more renewable assets into their ventures. Hence, data centers are aiming to go green, resulting in an increase in use of electricity generated through solar and wind power for data centers. Evaporative cooling, utilization of low-emanation building materials, and waste reusing are a portion of the strategies used in green server farms. Moreover, green server farms help in running IT operations, power, and cooling base in an efficient manner. Additionally, to accommodate ever increasing amount of data, companies are compelled to operate numerous data centers, which are generally located at distant places. This is another factor driving the data center construction market.

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The data center industry is undergoing enormous growth, due to significant rise in online users and increased transactions in recent years. Increasing business demands for cloud-based services and data storage facilities around the globe is a major factor driving the growth of data center construction market. The rapidly-increasing data traffic is accelerating demand for data storage, resulting in constant expansion and renovation of data centers. Moreover, companies are seeking for global expansion of data centers to meet the growing demand from enterprises.

Some of the major restraints for the growth of the data center construction market are lack of necessary resources, and growing popularity of containerized data centers. Containerized data centers provide infrastructure support for organizations having a scarcity of budget for constructing a data center, this eventually decreases the demand for traditional data center. Several countries around the globe also face power outages, which have created unsuitable conditions for operation of data centers. The major players operating in the data center construction market include Corgan Associates, Inc., Holder Construction, Turner Construction, DPR Construction, Structure Tone, Mortenson Construction, Gilbane Inc., Balfour Beatty US, Hensel Phelps, Hoffman Construction, HITT Contracting, Fluor Corporation, IMC Construction, Pepper Construction and FORTIS Construction Inc.

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Satellite Backhaul Market: Latest Industry Trends, Trades, Supply, Demand, Prospects by 2024

Satellite backhaul means getting data of program from one location which has to be further distributed over large network. For example, a live television program has to be telecast from Germany throughout the world and the program has to be further distributed through the satellite terminals. The program signals have to be backhauled by some means of network (optical fiber or by other satellite system) and hence Satellite backhaul enables to get non-live video and audio files which are broadcasted.

The mobile industry has played an important role in cellular backhaul market through satellite. Mobile technology has been advancing at a phenomenal rate. Nowadays mobile devices are the primary way to access the internet by an individual. For the mobile operators, the key challenge is to fetch some innovative technologies to backhaul voice and data traffic. With the increasing data traffic challenges, 3G and 4G technologies are deployed for the competences of existing backhaul network and this trend is expected to surge in years to come. In urban areas, many different technologies are being implemented to deal with expanding demand including the use of metro Ethernet network, microwave network and fiber optics. However, it is difficult to implement these services in rural areas due to high cost associated with the backhaul technology (fiber and microwave).

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Applications such as YouTube, WhatsApp, twitter and many other popular live streaming and online surfing apps are driving the bandwidth demand. This demand gives an opportunity for the various transmission service providers to bring innovative technology to the market. The emergency communication cells over the satellite are being developed by the satellite backhaul service providers and these emergency communication cells are predominantly implemented in only those locations which have significant cellular connectivity. These type of solutions are usually owned and operated by cellular operators where mobile cell towers are connected with satellite backhaul solution. Asia Pacific (APAC) region currently leads the satellite backhaul market due to emerging economies such as China and India and need for connectivity among the masses. Further Europe and Middle East and Africa (MEA) regions are expected to witness modest growth in satellite backhaul technology due to the diversity in government’s economic performance and existing infrastructure which includes combination of optical fibers and microwave networks.

The market is segmented by type of transmission medium, backhaul technology and geography. Transmission medium segmentation includes wired and wireless. Segmentation based on type of backhaul technology includes fiber, copper, microwave and millimeter wave and by geography includes North America, Europe, Middle East and Africa (MEA), Asia Pacific (APAC) and Latin America.

Some of the key players operating in the global satellite backhaul market includes Gilat Satellite Networks Ltd, VT iDirect, Inc., Avanti Communications Group plc., SES S.A., Hughes Network Systems LLC., Intelsat and O3b Networks.

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Airport Full Body Scanner Market Insights by Size, Status and Forecast 2024

Full body scanners are one of the effective components in the security screening domain. Full body scanners are devices which primarily detect suspicious objects on a person’s body for during security or surveillance checks. Full body scanners are primarily deployed across areas under high security vigilance and high strategic importance, such as VVIP residences, defense headquarters, airports and others. Full body scanners enable the operators/invigilators to see the alternate-wavelength image of the person’s body that helps in the detection of suspicious items hidden under the attire or prosthetics. Unlike metal detectors, full body scanners also detect non-metal objects, such as non-metallic bombing equipment and surgically implanted bombs.

Rising terrorist activities and increasing threats to major economies have compelled the government and other governing bodies to undertake aviation controls such as Federal Aviation Administration (FAA) to augment the security scanning systems across the country’s entry and exit points. Deployment of full body scanners at the airports have facilitated in reducing fraudulent activities such as smuggling of diamonds, narcotics, weapons and others expensive stuffs. The impact of terrorist activities on board has been successfully deteriorated due to augmented security screening systems which include full body scanner as one of the major components. Furthermore, upcoming airport constructions and the rising awareness toward airport security across most of the developing nations have positively the adoption of airport full body scanners. However, privacy issues objected by certain passengers of having pictures of their naked bodies displayed to screening agents have widely affected the deployment of full body scanners across many airports. In order to overcome such privacy issues, FAA Modernization and Reform Act, 2012 have mandated the use of “automated target recognition" software which substitutes the naked body with a cartoon like representation, thereby incurring additional expenditures.

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The global airport full body scanner market is segmented on the basis of scanning technology, airport category and region. The segmentation on the basis of scanning technology include millimeter wave scanners and backscatter X-ray scanners. Millimeter wave scanners deploys non-ionizing electromagnetic radiation technology used by wireless data transmitters in extremely high frequency bands. Backscatter X-ray machines deploys low dose penetrating radiations to detect suspicious objects. Millimeter wave scanners are the most commonly deployed full body scanners as compared to backscatter X-ray machines. The dosage carried by backscatter X-ray scanners are extremely low to produce observable effects on the human body. Segmentation on the basis of airport category include commercial service airports, cargo service airports, reliever airports, and general aviation airports. Commercial service airports can be further sub-categorized into non-primary commercial service airports and primary airports. Reliever airports are FAA designated airports mainly established to avoid congestions at the commercial airports. Regional segmentation for the global airport full body scanners market include North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Some of the key players in the global airport full body scanner market include Millivision Inc., Rapiscan Systems Ltd., Brijot Imaging Systems, L-3 Communications Holdings, Inc., Tek84 Engineering Group LLC, American Science & Engineering Group, and Braun & Company Ltd.

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IoT Security Market Key Drivers & On-going Trends 2016 - 2024

The global Internet of Things (IoT) security market is slated to witness a tremendous growth during the forecast period from 2016 to 2024. The growth can be traced to a growing adoption of cloud based services for authentication process. Cloud is being used for the storage of biometrics information. As most organizations today are adopting cloud technology for storing their confidential data, there arises need for developing security measures to protect the cloud against unauthorized access. The high adoption of cloud based services by small and medium scale enterprises such as pay per use model, is offering flexibility and scalability to these enterprises and this has resulted in a staggering increase in the adoption of cloud based services for the purpose of data storage. This is expected to create a heightened need for IoT security solutions and drive the market worldwide.

The introduction of integrated security solutions is expected to fuel the growth prospects of the global IoT security market. The demand for IoT security solutions will increase among end users as there is a need for providing overall security to networks and devices. Since stand-alone IoT security solutions are expensive, most end users are opting for integrated IoT security solutions. Integrated IoT security solutions offer enhanced support and greater functionality to customers and this will provide the market a boost. Data loss prevention and firewalls are being integrated with IoT security solutions and this will further boost the growth of this market. This will decrease the IoT security solutions.

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As the Internet of Things (IoT) is gradually moving from being a centralized structure to a more complex network of innumerable decentralized smart devices, the need for security of data will be acknowledged to a greater degree, thereby promoting the expansion of the global IoT security market. The larger the volume of the data transferred over to IoT, the bigger the risk of device manipulation, IP theft, identity theft, data falsification, and network or server manipulation.

By type, endpoint security, cloud security, network security, and application security could be the key segments of the global market for IoT security. Manufacturing, energy and utilities, government, defense, information technology (IT) and telecommunication, banking, financial services, and insurance (BFSI), transportation, logistics, and retail can be the major segments of the market based on application.

All facets of the global IoT security market pertaining to the growth drivers, challenges, supply and demand, and current trends have been discussed in the report. The market size, historical developments, present scenario, and projected estimations have been revealed, together with relevant statistical data, charts, and figures. The progress of the key market players has also been mapped under the competitive landscape.

With the emergence of technologies such as cloud, a large volume of data faces threat from cyber-crime. The exceeding popularity of social media has also resulted in vulnerability to identity theft and data theft. Consequently, stronger platforms that combat cyber threats are being continuously developed by several firms. Moreover, the excessive usage of smartphones, laptops, and tablets has further led to the exposure of personal data.

The prevalence of concepts such as Bring Your Own Phone (BYOP), Bring Your Own Device (BYOD), and Bring Your Own PC (BYOPC) has undoubtedly boosted the productivity of business enterprises, but has also raised data security concerns. Several enterprises and organizations are therefore in the quest for more efficient security solutions. All this has stoked the growth of the global IoT security market.

Antithetically, lack of knowledge about the availability and benefits of IoT security solutions might inhibit growth. However, the towering demand for data security has led to the formulation of stringent laws and regulatory compliances by several governments, ensuring that the market would continue to expand at a significant pace over the next few years.

By geography, Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa are the key segments of the global market for IoT security. In terms of revenue, North America appears to be the dominant market. The growth of this region can be attributed to the extensive deployment of IoT devices across several domains and countries and the enforcement of regulatory frameworks. For example, the implementation of laws such as Payment Card Industry Data Security Standard (PCI DSS) and Health Insurance Portability and Accountability Act (HIPPA) have been propelling the market.

The IoT security market in Asia Pacific has been growing rapidly, thanks to the greater number of business organizations, rise in mobile workforce, and the unregulated usage of the Internet. The expanding economy, social transformation, and the new national security policies in countries such as Japan, India, and Singapore have also been responsible for the growth of IoT security solutions across this region.

IBM Corporation, Symantec Corporation, Infineon Technologies, Cisco Systems, Inc., Hewlett Packard Development Company L.P., Sophos Plc, NSIDE Secure SA, ARM Holdings, Gemalto NV, and Intel Corporation are some of the major companies operating in the global market for IoT security.

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In-Building Wireless Market Outlook 2024, Global Opportunity & Growth Analysis

In-building wireless refers to communication solutions that are used to maintain connectivity inside a building where signals from the core infrastructure are not reachable. In-building wireless solutions are of keen interest to network providers that are seeking enhanced delivery of services to their core clients in the most demanding signal environment. The conventional distributed antenna systems (DAS) based in-building wireless has moved its main focus from providing good signal coverage inside a building towards increasing the capacity for bandwidth-consuming services such as data-centric services. Currently, several buildings and commercial areas are already availing in-building wireless solutions. In addition, various enterprises are adopting this solution to improve the connectivity and manage employees and labor. In order to keep up with the pace of contemporary technologies, customers want to communicate wirelessly without any drops in the communication. Further, it is expected that, over the coming years, in-building wireless connections will be readily available in airports, stadiums and other public places.

The growing demand for smartphones and increasing data usage by the customers are the major factors contributing to the growth of the in-building wireless market. Additionally, the customers’ demand for high availability of services with 100% connectivity is fuelling the growth of the in-building wireless market. Further, the companies in the market are expected to deploy LTE networks and develop small cells that run on 4G or LTE networks. However, the issues regarding interference, designing and installation are expected to pose challenges to the growth of the in-building wireless market. Additionally, the major problem with such systems would be the isolation and authentic use of the services offered with in-building wireless solutions.

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The in-building wireless market is segmented on the basis of system components, business models, type of building and its size, end-users and geography. The in-building wireless equipment consists of components such as antennas, cables, distributed antennas such as active and passive DAS, repeaters, amplifiers and small cells such as micro cells, pico cells and femtocells. Further, these components are installed in a building depending upon the model opted by the clients. For instance, there are three types of business models available for the in-building wireless technology, namely, carrier model, enterprise model and host model. Furthermore, these models are based on the type and size of the building in which the in-building wireless solution is to be installed. The building structure is classified under three categories, namely, large buildings, medium buildings and small buildings. Additionally, the installation process of in-building wireless solution is different for new buildings and for existing buildings. Further, the major application of the wireless in-building market is found in commercial sector, government sector, hospitals, hospitality, industrial sector, educational institutes and retail stores among others.

The in-building wireless market is segmented into four regions, namely North America, Asia-Pacific, Europe and Rest of World. The market is fragmented, with several players trying to capture a dominant market share. The major players in the in-building wireless market are Alcatel Lucent, Cobham PLC, Corning Incorporated, Smiths Group PLC, Verizon Communication, Inc., AT&T, Inc., Anixter Inc., Commscope, Inc., Ericsson, and TE Connectivity among others. In addition to these players, there are some players in the market that try to bring new technologies in the in-building wireless market. The major innovators in the market are Ethertronics, Lord and Company Technologies, Betacom Incorporated, Lemko Corporation, Oberon Inc. and Telecommunication Systems, Inc.

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Video Management Software Market Status and Forecast, by Players, Types and Applications

Video management software are used for seamless management of digital video, audio, data and playback functionalities in a video surveillance systems. These software suites are specifically designed for managing, processing and storage of the signals from multiple camera feeds. The increasing penetration of video surveillance in wide range of applications such as facility protection, monitoring applications, event video surveillance and cross-border activities, is the key driving force for market growth of video surveillance software market. Furthermore, increasing large scale security network is expected to boost the adoption of video surveillance software market in coming years.

Video management software market is segmented on the basis of number of cameras, deployment type, enterprise type and end-use industry verticals. Video management software are available as per user requirement ranging from small surveillance applications to high – end surveillance applications. On the basis of number of cameras, video management software market is segmented as less than 50 cameras, between 50 to 200 cameras and more than 200 cameras.

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Dynamic end-use requirement and rising trend of cloud-based solutions has resulted in development of video surveillance systems for different deployment types. In terms of deployment type, video management software market is classified as on-site, cloud based and application based.  On the basis of enterprise type, video management software is segmented into small and medium businesses and large organizations. With increasing need of video surveillance, video management software is expected to find its application in various end-use industry verticals. In terms of end-use industry, video management software market is classified as retail, transportation, healthcare, telecom and IT, banking, financial services and insurance (BFSI), military and defense, government and public sector, manufacturing, hospitality and media and others (education and sports).

The increasing security concerns globally is the key factor driving the video management software market. The demand is largely driven from cross-border areas and public sector. Alongside this, augmenting demand for high quality video processing, is fueling the market growth of video management software market. However, privacy concerns in terms of adoption of video surveillance systems is expected to suppress its market growth. Along with this, large storage requirement by video surveillance systems, is expected to curb its market growth. With increasing penetration of video surveillance systems especially in emerging economies, video management software developers are expected to find huge market opportunity in near term.

On a global scale, North America is expected to hold, market leading position in the adoption of video management software suites. This is linked to the presence large scale video surveillance systems and high-end security network established in the region. However, Asia Pacific region is expected to dominate in terms of adoption of video management software solutions in the coming years. Increasing government spending in security sector and developing large infrastructure (commercial as well as domestic) is expected to boost the demand for video management software solutions in the region. In terms of number of cameras, video management software’s with capacity of between 50 to 200 cameras is expected to hold the large market share.

The increasing penetration of video surveillance in public places such as shopping malls, retail stores are anticipated to be the key aspect behind the growth of this segment. In terms of deployment type, on-site solutions are expected to hold largest market share, however, with increasing adoption of cloud-based solutions, video management software’s for cloud–based applications are expected to foresee a faster growth rate in coming years.

Some of the key developers of video management software are Schneider Electric Industries SAS, Bosch Security Systems, Aimetis Corporation, Milestone Systems A/S, Honeywell International,   Inc., Genetec, Inc., Hanwha Techwin CO., LTD., Surveon Technology, Inc., Cisco Systems, Inc., Exacq Technologies, Inc., March Networks Corporation, Verint Systems, Inc., On-Net Surveillance Systems, Inc. and 3VR, Inc.

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Parking Reservation System Market Outlook, Opportunity and Demand Analysis, Forecast 2016 - 2024

Growing economy in many developing countries have fostered high disposable income among population which has given rise to increase in number of vehicle purchase. This has led to sharp increase in the number of vehicles on road in recent years. Passenger and goods carrier vehicles contribute to the most of the numbers of vehicles compared to as compared other types. Increase in number of vehicles have given rise to huge traffic congestion thereby leading to serious parking issues in many countries. Most of these problems are associated with urban areas where parking problems arise due to space constraint. Vehicle drivers waste substantial amount of their time finding proper parking space thereby creating traffic congestion for other vehicles. Lack of proper on-street parking lots and slow development of new parking complexes is expected to further increase the traffic congestion in coming years. Further, the current absence of parking slots in residential and commercial complexes creates serious concerns for employers and residential societies. Thus, the need for parking reservation or convenience parking is increasing owing to the time wasted in finding a proper parking slot. Parking complex providers are also facing problems in maintaining daily records related to parked vehicles thereby leading to inability to ensure round the clock security. Thus, the demand for parking reservation system is expected to witness trong growth owing to the above factors in coming years.

Parking reservation system provides information of parking availability for both drivers and parking complexes providers in a certain area through continuous monitoring. Parking reservation system comprises software and equipment such as parking meters, cameras, sensors and automatic gates which help maintaining the smooth flow of traffic. Additionally, parking reservation system also enhances the aspect of security in parking lots.

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Parking reservation system can be classified as on-street and off-street parking system. Off-street parking system consists a single point of interaction between parking areas and access points. Thus, the application of off-road parking system is expected to see more adoption among parking complex and garage providers in coming years. On-street parking system provides information of parking slot on real-time basis through web, mobile and voice based solution. Thus, the demand for on-street parking system is expected to increase owing to the increase in rise in smart cities projects across various region.

Further, the demand for parking reservation system is expected to increase in transportation sector due to the traffic congestion caused in truck terminals. Developed countries such as the U.S. and Germany are investing heavily in implementing parking reservation system for trucks. The market can also be segmented on the basis of end-use sector such as retail, government, hospitality, transportation and logistics, airports and commercial and corporate parks. The market for parking reservation system is expected to get a boost with the adoption of smart parking system in developed countries. India and China is expected to be a potential market for parking reservation system market in coming years. However, a slower adoption rate of parking reservation system in developing countries is expected to pose a challenge for this market in coming years.

Some of the key parking reservation system providers in the market are VINCI Park S.A., Streetline, Inc., National Car Parks Ltd., APCOA Parking AG, Ace Parking Management, Inc., ParkMe, Inc., Siemens AG, 3M Company and Xerox Corporation.

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Enterprise Software Market Research Key Players, Industry Overview and Forecasts to 2024

Enterprise software is increasingly used by organizations across the globe and across most industry verticals for a number of line-of-business operations, including and not limited to human resources, business intelligence, manufacturing, customer relationship management, sales and service, planning, inventory and materials management, purchasing, finance and accounting, and marketing. The primary goal of using enterprise software is to enhance efficiency as well as productivity and gain a significant competitive advantage. As more and more companies upgrade core functionalities, the global spending on enterprise application software is anticipated to grow, with most spending dedicated toward replacing, modernizing, or functionally expanding current office and business applications. The approval of bigger budgets for IT projects in companies is a positive sign for the overall enterprise software market.

There is a rising need to gather, manage, analyze, and optimally utilize big data to give business processes, both internal and external, a competitive edge. This report is an ideal blueprint for clients looking to gain this advantage over their rivals. Extensive market coverage, in-depth analysis of the structure, scope, and dynamics of the market, and an assessment of the key factors driving and restraining the current scenario have been provided in this comprehensive report.

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The shift toward cloud computing is one of the most significant trends that has positively impacted the global enterprise software market. Additionally, enterprise mobility solutions such as the trend of bring-your-own-device (BYOD) have increased the adoption and implementation of enterprise platforms. The growing demand for business intelligence and analytics has also driven the need for enterprise application software programs, thereby propelling the global market.

Some of the key limitations that players in the enterprise software market have to deal with include drawbacks associated with the software itself: customization and flexibility issues, the high cost of support and licensing, and complexities related to the migration of existing data. However, if companies can manage to overcome these issues, the benefits of enterprise software can help an organization thrive in a competitive business environment.

Enterprise software is used for a number of applications, including web conferencing, business intelligence, customer relationship management, project and portfolio management, digital content creation, enterprise resource planning, enterprise content management, and supply chain management. Enterprise software is used by organizations of all sizes – small, medium, and large – in various industry verticals such as manufacturing, media and entertainment, healthcare, retail, public sector, banking, financial services, and insurance, telecom, transportation, energy and utilities, and distribution. The major regions comprising the global enterprise software market are Europe, Asia Pacific, North America, and Rest of the World.

Countries in North America and Europe have been identified as early adopters of enterprise software such as software as a service (SaaS) and customer relationship management (CRM). Enterprise software penetration rates in these regions are rather high and the adoption of these solutions has become commonplace with companies rapidly utilizing hybrid models of cloud as well as on-premise products. Countries in the Rest of the World, especially those in North Africa and the Middle East, have been reporting a very gradual rise in enterprise software adoption and these countries are still at the very early stages of SaaS penetration. The adoption of enterprise software in these regions is restrained by the lack of data center and network infrastructure, inadequate local-language cloud or SaaS offerings, and government regulations.

However, research indicates that investments in local-language offerings and build-out of data centers by vendors in emerging countries of Asia Pacific and Rest of the World are on the rise. These trends are likely to boost the enterprise software market in these two regions.

The global enterprise software market is dominated by players such as Salesforce.com, SAP, EMC Corporation, Symantec, Oracle Corporation, HP, Microsoft Corporation, IBM Corporation, CA Technologies, and VMware.

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Monday, 29 April 2019

Blockchain Distributed Ledger Market Size, Share & Trend | Industry Analysis Report, 2023

Digital technology has become prevalent in today’s world. It has touched almost all aspects of life including conducting business, shopping, enhancing education and learning, entertainment, and staying connected with social world. In recent past, digital technology has evolved further to aid in conducting financial transactions. Online payments have gained huge traction along with card based payment methods such as credit and debit cards.  At the same time, cryptocurrency also known as digital money is becoming increasingly popular. Distributed ledgers support the payment system for digital currency to operate in decentralized mode, by eliminating the need of intermediaries such as banks. Distributed ledger technology further enables tracking of financial transactions and makes it virtually possible to track and trade any value via digital money. It provides a robust environment for secure data sharing in real-time. Blockchain is a type of distributed ledger system providing enhanced security to the process. Blockchain comprises of blocks of digitally recorded data, creating a distributed ledger. There are many different types of distributed ledger systems, each obeying its own security and privacy levels.

Use of blockchain distributed ledger lends transparency to financial transactions and eliminates middle man, thus reducing the transaction costs. This is likely to drive the adoption of blockchain distributed ledger in the coming years. As the complex process of paper work and third party involvement extends the process of business transactions, blockchain-enabled distributed ledgers are anticipated to change the way business transactions take place. Moreover, enhanced security levels for transactions is another factor contributing to the growing influence of the technology. Distributed ledger systems are not controlled by any centralized authority and are not limited by legal rules. However, technology is governed by its own technical code.

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Blockchain distributed ledger technology is at its nascent stage and has observed adoption mostly in financial sector. The cryptographic codes are extremely robust, however security concerns as hackers are constantly trying to break the authenticated cryptographic code and lack of understanding of the technology have challenged the proliferation of this technology.

Governments in some countries are promoting the use of blockchain distributed ledgers, to influence business and fiscal transparency to enhance efficiency and reduce corruption within the country. For instance, the U.S. government recommended the development of blockchain distributed ledgers for their international partners during the launch of “America Innovation Roadshow” in May 2016. Blockchain finds its primary application in financial sector; however, innovations in the next phase are expected to drive its use in different applications such as smart contract. These contracts are termed in computer language rather than legal language. Blockchain ledger enables users to track and verify business agreement and relationships.

Blockchain distributed ledger can be categorized as unpermissioned ledgers and permissioned ledgers depending on the type of ownership. Unpermisssioned ledgers such as Bitcoin have single owner and anyone is liable to contribute data to the ledger. While permissioned ledgers might have one on many owners and are carried out by trusted owners such as banks or government bodies. Blockchain supported distributed ledgers find benefits in complex financial assets that are not under central authority to mitigate the risks of trade and regulate the process. Thus, products such as public and private stocks/bonds, syndicate loans, FICC derivatives, corporate bonds, and derivatives margin/collaterals are likely to benefit significantly from the technology. The key players associated with blockchain distributed ledger market include Chain, Inc., IBM Corporation, Intel Corporation, Accenture PLC, and Eris Industries.

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Vendor Comparison in Mobile Application Security Market Current Trends and Future Aspect Analysis 2023

The business environment in modern times is hyperconnected, with organizations exploring ways to enhance their mobile connectivity, thereby enabling easy access to critical information regarding the business from anywhere at any time. This puts confidential data at risk and makes businesses vulnerable to cyber theft. Mobile application security has thus emerged as a crucial field, providing in-depth cover for mobile-based applications. The services provided include custom scans and vulnerability checks through testing capabilities such as dynamic application security testing (DAST), interactive application security testing (IAST), and static application security testing (SAST). Mobile application security is designed to help businesses identify critical threats and secure important applications from potential threats.

This involves studying the structure of mobile applications and examining the methods in which they can exchange data in a cohesive manner. Mobile application security also helps businesses locate the key patches in the application that can be exploited by hackers for financial gains. The functionalities offered by mobile application security therefore include source code review, threat mitigation, behavioral analysis, vulnerability ratings, and identification of vulnerability patterns. Mobile application security is designed as a holistic security approach that ensures the confidentiality of data transferred among mobile networks, while ensuring visibility among business processes.

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The report is compiled with the intent of reviewing the major vendors in the mobile applications security solutions market. To this end, it outlines the key strategies adopted by the vendors and analyzes their product offerings. The vendor comparison included in the report is based on classification in terms of two aspects: business strategy and product offerings.

The mobile application security market has a consolidated vendor landscape, with a few prominent enterprises, such as VMware, Symantec, Avast Software, McAfee, Trend Micro, AVG Technology, and Kaspersky, holding a majority share in the market. In order to outline the share held by these companies individually, the report categorizes them based on their revenue range. For instance, the first category includes companies with revenues of less than US$ 500 Mn, the second covers companies in the revenue range of between US$ 500 Mn and US$ 1.0 Bn, and so on.

The major strategies adopted by these companies and the influence they have had on the prevailing market trends are evaluated to provide an in-depth vendor comparison report. The report studies and compares the performance exhibited by these companies based on their financial overview, product portfolio, company size, key strategies, recent developments, and development status.

Using SWOT analysis, the report weighs the strengths and weaknesses of the companies profiled. The analysis has also helped the report in identifying the opportunities and threats that these companies may face in the near future. Based on results obtained, the report presents information in a coherent chapter-wise format, interspersed with relevant statistics, infographics, and graphs.

The marketing and advertising strategies adopted and deployed by a company play a crucial role in determining its success. The report therefore exclusively dedicates a section to examine the most successful marketing and advertising campaigns conducted by the prominent companies operating in the global mobile application security market. The impact of these campaigns on the overall revenue generated by the company is also monitored and evaluated. This is a critical factor of vendor comparison included in the report. Furthermore, the report also studies the effect of Porter’s Five Forces on the overall market operations.

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Liquid Handling Technologies Market Will Generate New Growth Opportunities By 2023

Liquid handling is ubiquitous in any chemical or biological industry. Liquid handling technologies provide innovative and efficient liquid handling techniques with respect to conventional liquid handling technologies. Further, inclusion of automation has arisen as a newest innovation in liquid handling technologies. Automated liquid handling technologies have proven to be effective solution in reducing manual labor in laboratories. These technologies further help in reducing error and improve throughputs in laboratories. Also, these technologies have reduced sample volumes and minimized pipetting. Liquid handling systems plays a significant role in genomic analysis, sequencing and high-throughput screening (HTS).

The liquid handling technologies market is segmented on the basis of pipette technology, pump type and end-users. On the basis of pipette technology, liquid handling technologies market can be segmented as valve dispensing technology, syringe solenoid technology, inkjet-technology, glass capillary technology and automated liquid handling technology. To pump the liquid in the accurate measures, pumping technologies plays a major role. Thus, in terms of pump type, liquid handling technologies market is further classified as piston pumps, peristaltic pumps, pressure driven pumps and diaphragm pumps. On the basis of end-users liquid handling technologies is further segmented as medical/forensics laboratories, pharmaceutical companies, research institutions, chemical industries and others (educational institutes, food and beverage industries and government).

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The key drivers increasing the adoption of modern liquid handling technologies are the inclusion of automation in research and medical institutions. The latest automated liquid handling systems have significantly reduced the time spent in liquid handling and provided quality results. These automated liquid handlers are capable of handling laboratory tasks such as serial dilutions, stamping and plate reformatting. Also, augmenting demand for high-throughput screening and superior medical diagnostics has fuelled the demand for liquid handling technologies. The need for automated liquid handling technologies in cellular workflows and single cell analysis will further fuel the growth of liquid handling technologies market. Further, increasing spending on R&D in the field of health sciences and pharmaceuticals is expected to surge the demand for latest and state-of-the-art liquid handling technologies. However, high set-up cost and complex operability of latest liquid handling systems may restrain its market. Also, lack of reliability is key factor affecting its growth in case of crucial microbial or forensic studies.  

Development of liquid handling technologies which can suitably provide features such as more walk-away time, higher throughput, more flexibility, improved software and greater accuracy can be foreseen as a market opportunity in the near term. Further, enhancement of liquid handling technologies which are capable of handling smaller volumes of liquid can be highly suitable for microfluidic studies and single cell analysis in the future years.

On the global scale, the North American region is anticipated to dominate the liquid handling technologies market in the coming years. The presence of automation and superior lab facilities is expected to the trigger market growth of liquid handling systems and technologies in this region. However, increasing R&D activities and rise in number of laboratories is anticipated to be propel the growth of liquid handling technologies market significantly in Asia Pacific region during the forecast period. Further, among the various end-user segments, demand from pharmaceutical is expected to be a key growth driver for overall liquid handling technologies market. The high capital inflow in terms of R&D by pharmaceutical companies is seen as key factor towards its market growth.

Some of the key players in the development and manufacturing of liquid handling systems include Labnet International, Inc., Aurora Biomed, Inc., Gilson, Inc., Thermo Fisher Scientific Inc., Hamilton Company, PerkinElmer Inc., Freeslate, Inc., Douglas Scientific, BioTek Instruments, Inc. and Wagner Life Science LLC.

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Marketing Analytics Software Market: Top Industry Players, Revenue By 2023

Marketing analytics software products are becoming a standard for marketing efforts across every industry these days. Offering a variety of tools for managing, analyzing, measuring, and controlling marketing performance with the help of insights gained from consumer behavior, marketing analytics software products have demonstrated their capability of optimizing returns and improving effectiveness of marketing activities. Capability of analyzing consumer preferences, buying trends, and other important criteria determining the growth prospects of a certain product or services makes marketing analytics software key to successful returns in today’s highly competitive business environment.

This report on the global marketing analytics software market analyzes and predicts the growth prospects of the market at regional and global levels. The predictions have been presented in terms of revenue (US$ mn/bn) over the period between 2015 and 2023, with 2014 considered as the base year. The report presents a thorough overview of factors such as drivers, restraints, trends, opportunities, and regulatory landscape, expected to have a significant impact on the overall future progress of the market over the said period. Opportunities are also highlighted based on the key regional markets examined in the report.

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The report includes a detailed overview of the market’s value chain analysis, allowing the reader a clear and thorough overview of the various ways the market could serve better to its potential consumers. Suggestions are provided regarding the most promising segments and their potential growth prospects over the report’s forecast period. The report also includes a Porter’s Five Forces analysis of the market to help reader understand better the competitive landscape of the market. The report also encompasses a market attractiveness analysis, wherein technology, product segments, and end-users are benchmarked on the basis of their general attractiveness, market size, and growth rate.

With the help of the multilateral analysis of a market and consumer behavior provided by marketing analytics software, organizations are able to evaluate all the key methods and mediums of marketing and identify the effectiveness of varied marketing efforts. As a result, marketing analytics software products play a key role in optimizing the marketing activities and strategies of companies, especially catering to consumers who are connected to the digital ecosystem through social media networks and online forums and whose purchase-related behavior is easy to analyze.

The vast rise in the number of people actively participating in a variety of social media activities is considered to be one of the key factors driving the global market for marketing analytics software. The vast volumes of consumer-related data obtained from popular social media platforms holds immense potential of uncovering trends that, when used as a basis for growth or expansion related decisions, could lead to excellent returns. The rising awareness among companies related to these benefits of marketing analytics software and the continuously rising array of application areas of these software are also driving the market.

However, the market is expected to bear the brunt of the easy availability of open-source software products. Inexpensive open-source software products are preferred over the highly expensive customized analytic solutions by small and medium-sized companies with low marketing budgets.

The vast growth opportunities in the market have encouraged many leading IT companies to enter into the field of marketing analytics with innovative products and services in the past few years. Owing to the presence of a large number of companies and an increasing number of companies continuously foraying into this market, it has become highly competitive. Some of the leading vendors operating in the market are Adobe Systems, Inc., Oracle Corporation, Harte-Hanks, Inc., Wipro Corporation, SAS Institute, Inc., Teradata Corporation, IBM Corporation, Experian Plc., and Pegasystems, Inc.

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Education Technology (Ed Tech) and Smart Classroom Market Latest Trends and Future Growth Study by 2024

The increasing investment in the education sector by governments is the chief driver of the global education technology (Ed Tech) and smart classroom market. The effectiveness of education in eradicating inequality and poverty has been acknowledged by countries across the globe hence they are keen on investing in technologies that hold promise of proliferating education across remote areas. Besides this, novel technologies such as smart classroom that promote interactive education and knowledge sharing, eliminating geographic limitations, are likely to witness high demand in the forthcoming years.

Transparency Market Research (TMR) provides a comprehensive overview of the global education technology and smart classroom market. It covers various product portfolio, the latest innovations, supply chain analysis, manufacturing cost structure, investment feasibility analysis, and segmentation based on various parameters to help the readers get a better perspective of the overall market.

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The ease of use and teaching offered by the Ed Tech and smart classroom technology is the chief factor fueling its demand. Besides this, the market is also gaining from the rising technological awareness and expanding internet penetration across the globe. Furthermore, with countries adopting digital and e-learning education solutions in order to promote literacy among masses, the demand for Ed Tech and smart classroom will increase in the near future.

Despite the overall opportunities for the global education technology market being favorable, high initial investment incurred on setting up a smart classroom and lack of awareness in emerging and under-developed nations are major challenges for this market. Nevertheless, with the implementation of government programs to promote education across emerging nations will augur well for the global education technology and smart classroom market. Hence during the coming years, opportunities in Latin America and Asia Pacific will ripen thereby enabling the demand for Ed Tech and smart classroom technologies to spike higher.

Regionally, the report segments the global education technology and smart classroom market as Asia Pacific, Europe, North America, and Rest of the World. As developed economies are majorly at the fore of the latest technological innovation, TMR forecast robust opportunities for the market in North America and Europe. While the market is expected to surge at an exponential pace in aforementioned regions, the opportunities in developing nations will also remain extensive through the course of the forecast period.

In countries such as India, Brazil, China, and others, governments are keeping no stone unturned to usher an era of advancements. Their efforts show in favorable policies and rising investment in the field of promoting education across masses. For instance, India maintains favorable policies to promote education even in remote areas, which provides the market will ample opportunities to gain from in the forecast period.

Aimed at delivering an executive-level blueprint of the global education technology and smart classroom market, the report includes an in-depth competitive analysis. For the purpose of the study, it thus profiles companies such as Blackboard Inc., Apple Inc., Discovery Communications, Inc., Dell Inc., Knewton, Inc., Dynavox Systems LLC, Cisco Systems Inc., Lenovo Group Ltd., NIIT Technologies Ltd., Saba Software, Inc., IBM corp., Microsoft Corporation, and Panasonic Corporation. Besides being at the fore of bringing the latest in innovation, the policies they adopt have a profound impact on the prevailing market trends.

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Enterprise Mobility Management (EMM) Market Future Opportunities 2023

Enterprise mobility management (EMM) is a set of technology, processes and people working towards managing increased array of wireless networks, mobile devices and related services to explore the opportunities of mobile computing within the various businesses. EMM helps businesses to manage securely any mobile device to improve employee satisfaction and productivity. EMM solutions include mobile application management (MAM), mobile device management (MDM), mobile content management (MCM) and bring your own device (BYOD) capabilities. Mobility is no more a luxury but an important tool to optimize a workplace. EMM is very essential as employees across the various industrial verticals expect to work from home and need to travel frequently for business tours. Enterprise mobility management solutions are increasing being adopted as it enables organizations to allow their employees to work from anywhere using any device.

The information technology (IT) sector is facing challenges pertaining to shift from using a browser to use of native application and introduction of set of slackly coupled mobile devices, which has significantly affected the growth in demand for enterprise mobility management solutions. Moreover the shift of applications to the cloud environment and their access through mobile devices is increasing demand by organizations who aim to enhance decision making abilities in real time and improving operational efficiency. With North America is the largest market for EMM industry. Moreover, with increasing government initiatives to improve Internet services and rising number of Internet subscribers in Asia Pacific, these regions offer tremendous growth opportunities for EMM vendors.

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EMM is being increasing adopted across oil and gas industries. Although EMM solutions can yield tremendous benefits for these industries, liability and support to bring your own device (BYOD) dynamics poses a challenge. The market for EMM is accelerating due to proliferation of smart phones and mobile applications worldwide. There is increased challenge to these vendors as the mobile ecosystems have gone beyond use of mobiles and smartphones to use of smart sensors across industries and wearable. All this provides increasing opportunities for EMM market players to come up with best-in-class services, business models and solutions.

EMM industry faces an obstruction in its growth pertaining to the high support, security and cost required for the deployment of these solutions in the BYOD environment. However, the deployment of mobile devices is on the rise with introduction of new devices, applications and cloud services. Deployment of EMM solution through hybrid BYOD and consolidated cloud based model opens up various opportunities for EMM vendors. Moreover, Enterprise mobility management vendors to gain a competitive edge within this market are marketing their products through EMM conference 2015. This conference is held in the U.K. brings hundreds of public and private sector EMM companies together and helps them deliberate over leading developments and strategies in this fast-growing market. Furthermore, the primary focus of the conference is on latest developments it also encourages exploration of threats and opportunities associated with EMM.

Some of the major players in EMM market are Okta, Inc., BAE Microsoft Corporation, Citrix Systems, Inc., IBM Corporation, VMware, Inc., SAP SE, MobileIron, Good Technology, Apperian, Inc., and, SOTI Inc., among others.

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Supply Chain Analytics Market Scope and Opportunities Analysis 2020

The enterprise adoption of big data analytics in supply chain management is a relatively recent development compared to other business areas, but is fast gaining traction in wide range of industries. The proliferation of unstructured datasets that may influence supply chain management has triggered the demand for Big Data technologies among businesses. Allocating shelf space at retail stores is a case in point where there is pressing demand for making sense of unstructured data for manufactures. Organizations world over are inclined to achieve the top-line growth focus on reducing the materials waste and improving forecast accuracy through machine learning technologies. Smart stock management system for warehouses and distribution centers rely on supply chain analytics and automatically alert restocking requirements. Supported by machine learning technologies, supply chain analytics is opening up promising prospects in inventory management and transportation logistics in industries such as retail, healthcare, consumer packaged goods, electronics, automotive, aerospace, and defense.

Advancements in sensors used in monitoring devices are expected to boost the market in the years to come. Efforts to augment the potential of database management tools are expected to accentuate the growth of the market. The innovative use of Big Data in supply chain management has led to fresh insights and has unlocked exciting prospects in industrial sectors in various developing and developed economies. The growing popularity of cloud-based solutions in supply chain analytics, notably among a growing number of small and medium scale enterprises, bodes well for the market. The staggering rise in manufacturing activities in a number of emerging economies, particularly in Asia Pacific, is expected to open abundant promising opportunities for market players. The rising adoption of supply chain analytics can be attributed to the substantial benefits they offer to end-use industries. The rising industry efforts on product innovations, especially in developed markets, is a notable factor accentuating the growth over the forecast period.

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Supply chain optimization is gaining importance among organizations striving to lift customer experience, attain a stable business growth, and decrease the operational costs. Such organizations are incessantly executing solutions related to supply chain analytics in order to attain top-line progress, enhance productivity, and consolidate their market presence. These solutions are known for minimizing waste of materials, supporting network reconfiguration, enhancing forecast accuracy, elevating the level of services, and reducing inventory. With these benefits being highly acknowledged, the global market for supply chain analytics is anticipated to tread along a strong growth track. Supply chain analytics can also be deployed as on-premise solutions or cloud-based solutions.

The report is an inspection into the expansion of the global supply chain analytics market over the couple of years and for the years ahead. The market research publication further sorts out the causes of the variations in the market on the global and regional basis. It does this so by assessing the aspects and the trends that were predominant over the last few years and also the ones that are anticipated have an effect on the market over the forecast period. The Porter’s five forces analysis has been also been taken into account by the analysts in order to provide a clear outline of the vendor landscape to the reader of the report. Acquisitions, agreements, mergers, and other businesses have also been stressed in the study. The research study further inspects the administration and workflow of the key players and offers information related to their products, marketing strategies, production process, latest developments, and market shares in the past and future years.

The growth of the global supply chain analytics market is mainly driven by the growing awareness among consumers regarding the benefits of supply chain analytics solutions. In the last couple of years, the demand for these type of solutions has risen substantially across industries such as retail, manufacturing, life science, healthcare, electronics, defense, consumer packaged goods, automotive, and aerospace. Furthermore, the burgeoning amount of data produced and processes per day and the pressing requirement for efficient and effective database management tools is likely to lift the demand for supply chain analytics solutions. Nevertheless, issues such as the dearth of visibility of data in real-time, the lack any reliable method in order to streamline the processes with planning and execution, no tractability within the desired network, and uncertainties in the product line are expected to limit the growth of the market for supply chain analytics in the global level. Moreover, the deployment of these solutions is also low among medium and low sized institutions owing to constraints related to budget.

At present, North America accounts for a considerable share in the global supply chain analytics market owing to the presence of numerous leading players in the region. Asia Pacific is also expected to emerge as a promising region for the growth of the market owing to the flourishing manufacturing activities in the region along with growing investments for the purpose of foreign expansion. The rising awareness among organizations regarding the benefits of supply chain analytics is also expected to bode well for the growth of the market in these regions.

Some of the leading players operating in the market are SAS Institute Inc., Oracle Corporation, Sage Clarity LLC, Kinaxis Inc., SAP SE, IBM Corporation, Microstrategy, Genpact Ltd., Capgemini S.A., and Birst Inc.

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