Ashish Verma published Field Force Automation Software Market Progresses for Huge Profits by 2024 in Submit Content 2020-08-14 00:37:19 -0700
The global field force automation market is expected to grow from USD 1.2 billion in 2019 to USD 2.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. Factors that drive the market growth of field force automation software market are rising demand for robust solutions for maximizing the efficiency of field forces in real-time and growing adoption of cloud-based enterprise mobility solutions.
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The field force automation software market comprises significant solution providers, such as ServiceMax (US), IFS (Sweden), Microsoft (US), SAP (Germany), Oracle (US), Trimble (US), ClickSoftware (US), Salesforce (US), Astea (US), FieldEZ (India), BT, Accruent (US), Acumatica (US), Folio3 (US), LeadSquared (India), Kloudq (India), Appobile Labs (India), Mize (US), Nimap Infotech (India), and Channelplay (India). The study includes an in-depth competitive analysis of these key players in the field force automation Software market with their company profiles, recent developments, and key market strategies. The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most dominating strategies adopted by the major players from 2017 to 2019, which helped them strengthen their offerings and broaden their customer base.
Many companies in North America are adopting field force automation to integrate it with their existing IT infrastructure and improve their field operations and field crew productivity. North America houses some of the significant field force automation vendors, such as Accruent, Acumatica, Folio3, ServiceMax, Mize, VisitBasis, Salesforce, Intueri, Inc., ClickSoftware, Oracle, Microsoft, Trimble, and Astea. These players have their headquarters, direct sales offices, and a large number of channel partners in the region to cater North American companies., which has further added to the high adoption of field force automation solutions in North America.
ServiceMax (US) is among the leaders in the field force automation software market with a prominent geographic presence. It has adopted various organic and inorganic growth strategies and continues to enhance its expertise in field force automation through technology acquisitions, collaborations, and partnerships. For instance, in April 2019, ServiceMax added AI capability to its ServiceMax platform with the launch of a new module, ServiceMax Remote Triage that uses the power of a service intelligence platform provider’s (Aquant) machine learning engine. This update is expected to enable service organizations to analyze data from multiple sources and reduce unwanted dispatching of technicians and service equipment.
IFS (Sweden) has a strong foothold in the field force automation software market with its robust Service Management portfolio. The company has alliances with many technologies, and sales and delivery companies to offer its customers with more enhanced and extended services. In February 2019, IFS and PTC signed an agreement for a strategic collaboration to deliver improved field service management and Aerospace and Defense (A&D) solutions by integrating their solutions. IFS Field Service Management, IFS Applications, IFS Maintenix solutions integrated with PTC’s Servigistics Service Parts Management solution, is expected to increase equipment uptime and service part availability as well as improve service delivery and execution efficiency.
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Ashish Verma published SDx Market to Witness Comprehensive Growth by 2024 in Submit Content 2020-08-14 00:35:53 -0700
MarketsandMarkets expects the global Software-Defined Anything (SDx) market size to grow from USD 51.7 billion to USD 160.8 billion at a CAGR of 25.5% during the forecast period. The SDx market refers to an architectural framework wherein all components of enterprise’s and service provider’s network and data center, such as compute, network, and storage, are virtualized to orchestrate network management, improve network agility, and lower operational cost. In a nutshell, the control plane (software) is abstracted from the data plane (hardware) that enables network administrators to manage the entire enterprise as well as data center infrastructure from a single software console.
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Key and emerging market players include Cisco (US), Dell EMC (US), HPE (US), IBM (US),VMware (US), Huawei (China), Juniper Networks (US), Microsoft (US), Nokia (Finland), Oracle (US), Aryaka Networks (US), Big Switch Networks (US), Citrix (US), Extreme Networks (US), Infovista (France), NEC (Japan), Nutanix (US), Pluribus Networks (US), Red Hat (US), Silver Peak Systems (US), SUSE (Germany), Adaptiv Networks (US), Arista Networks (US), Bigleaf Networks (US), CloudGenix (US), Cumulus Networks (US), DataCore Software (US), DataDirect Networks (US), FatPipe Networks (US), flexiWAN (Israel), Fortinet (US), Fujitsu (Japan), HiveIO (US), Lavelle Networks (India), Lenovo (Hong Kong), Martello Technologies (Canada), Maxta (US), Mushroom Networks (US), NetApp (US), Peplink (US), Pica8 (US), Pivot3 (US), Riverbed (US), Scale Computing (US), StarWind Software (US), StorMagic (UK), Stratoscale (Israel), Veeam Software (Switzerland), Versa Networks (US), and Zenlayer (US).
Cisco (US) has its presence in over 100 countries, catering to a wide customer base in the regions of the Americas; Europe, Middle East and Africa (EMEA); and the Asia Pacific, Japan, and China (APJC). In 2018, the company’s total R&D spending accounted for USD 6.33 billion. This spending on R&D has inevitably helped Cisco remain a distinguished player in the SDx market. The company focuses on adopting inorganic growth strategies. For instance, it acquired Viptela, a network virtualization company, for USD 610 million. This acquisition helped Cisco integrate Cisco’s Integrated Services Routers/ Aggregation Services Routers (ISR/ASR) with Viptela’s Software-Defined Wide Area Network (SD-WAN) technologies to create Cisco’s new SD-WAN, the combination of a robust product. It was a simple network model, which customers can operationalize easily. Cisco also acquired Springpath, one of the leaders in hyper-convergence software, in September 2017. This acquisition enabled Cisco to continue to deliver next-generation data center innovation to its customers.
HPE (US) is one of the biggest players focusing on the emerging concept of Software-Defined Networking (SDN), SD-WAN, , and Software-Defined Data Center (SDDC). The company has made over 50,000 SDS deployments across the globe and is working toward expanding its reach to be one of the leaders in the SDX market. The company focuses more on product launches and developments, which would enable it to expand its product portfolio of SDx. For instance, in 2019, the company made a substantial contribution to its R&D activities by investing approximately USD 1.7 billion. Furthermore, HPE is focused on inorganic growth strategies to compete and maintain a leading position in the SDx market. For instance, in May 2018, HPE acquired Plexxi, to deliver hyper-converged and composable solutions with a next-generation data network fabric to its customers.
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Ashish Verma published Accounts Payable Automation Market to Witness Comprehensive Growth by 2024 in Submit Content 2020-08-13 03:16:27 -0700
The global Accounts Payable (AP) automation market size is expected to grow from USD 1.9 billion in 2019 to USD 3.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. An increasing need for efficient AP process to reduce the invoice processing time across industries is expected to drive the growth of AP automation market across the globe. Furthermore, the AP automation solution empowers organizations to make automatic payment approvals, on-time payment, prevent duplicate payment, and frauds. These benefits drive the adoption of AP automation solutions across industries globally.
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The major AP automation vendors include SAP Ariba (US), Sage Software(US), Tipalti (Canada), FreshBooks (Canada), Zycus (US), FIS (US), Bottomline Technologies (US), Coupa Software (US), Comarch (Poland), FinancialForce (US), Avidxchange (US), Vanguard Systems (US), Bill.com (US), Procurify (Canada), and Nvoicepay (US). These players have adopted various growth strategies, such as new product launches, business expansions, partnerships, agreements, and collaborations and acquisitions, to expand their presence in the global AP automation market further. These strategies have helped them innovate their offerings and broaden their customer base.
AP automation is a steady growing market in North America, including countries, such as the US and Canada. The presence of a large number of solutions and services providers in the region makes the AP automation market competitive. The well-developed digital economy in North America and the expansion of the mobile commerce industry are key factors contributing to the major market share of the region. The enterprises operating in the region are increasing their Information Technology (IT) spending to automate the financial process. Enterprises with a large volume of data and transactions have realized the need for an AP automation solution to carry out error free on-time transactions. Metro cities, such as New York, San Francisco, and Washington, have a large pool of skilled AP automation professionals who use the AP automation solution to get on-time payments to achieve business growth. Factors, such as the use of AP automation solutions empowers enterprises to have extra visibility and control into business operations; allowing AP departments to focus more on strategic tasks, such as identifying more cost savings opportunities, and helping their organization achieve greater competitive advantage is contributing in the growth of AP automation in the North American region.
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Ashish Verma published IoT Analytics Market Overview of Vital Industry Drivers in Submit Content 2020-08-11 02:33:22 -0700
The Analytics of Things (AoT) market is rapidly growing owing to the tremendous growth of Internet of Things (IoT) data and the need for advanced analytics and automation for businesses. The global AoT market size is estimated to be USD 7.19 Billion in 2017 and is projected to reach USD 27.78 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 31.0%.
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The AoT ecosystem comprises vendors including IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), Cisco Systems, Inc. (US), Dell Technologies, Inc. (US), Google, Inc., (US), Amazon Web Services, Inc. (US), Hewlett Packard Enterprise Company (US), PTC, Inc. (US), Hitachi, Ltd. (Japan), Teradata Corporation (US), Salesforce.com, Inc. (US),and Greenwave Systems, Inc. (US). The players in the AoT market have adopted various strategies to expand their global presence and enhance their market shares. Partnerships, collaborations, new product launches, and acquisitions are some of the significant strategies adopted by the players in the recent years. Players such as SAP SE, IBM Corporation, and Microsoft Corporation have adopted these strategies to expand their product portfolios.
IBM Corporation has undertaken collaborations and partnerships as its major development strategy to create a leading market edge. As a part of its inorganic growth strategy, in June 2016, IBM collaborated with Cisco to provide instant IoT insights at the edge of the network. The collaboration helped combine IBM’s Watson IoT and Business Analytics (BA) technologies with Cisco’s edge analytics capabilities to offer a new way to produce immediate, actionable insights after the data is collected. The combination of expertise and technology from the 2 companies also serves as the foundation of the Watson IoT cloud platform. In March 2017, IBM partnered with Salesforce, Inc. to deliver joint solutions designed to leverage Artificial Intelligence (AI). IBM Watson and Salesforce Einstein can be integrated to connect a new level of intelligent customer engagement across sales, service, marketing, and commerce.
Microsoft Corporation is another major provider of AoT software and services. The company has adopted organic and inorganic growth strategies to establish a strong foothold in the market. For instance, in February 2017, the company collaborated with Tata Motors, an Indian automotive manufacturing company, to leverage the connected vehicle technology of Microsoft and to combine AI, advanced machine learning, and IoT capabilities on the Azure cloud. In June 2016, Microsoft added a new feature in the Azure IoT Hub, which allows users to upload files to the cloud from their devices with the assistance of the IoT Hub.
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Ashish Verma published AI in Social Media Market Overview of Vital Industry Drivers in Submit Content 2020-08-10 03:56:18 -0700
Artificial Intelligence (AI) is the theory and development of computer systems having the capability of performing repetitive tasks that require human intelligence. The AI in social media market is defined as the summation of AI products, solutions, and services for the social media sector. AI-based applications include sales and marketing, customer experience management, and predictive risk assessment.
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Artificial Intelligence (AI) is the theory and development of computer systems having the capability of performing repetitive tasks that require human intelligence. The AI in social media market is defined as the summation of AI products, solutions, and services for the social media sector. AI-based applications include sales and marketing, customer experience management, and predictive risk assessment.
The increasing user engagement on the social media and the integration of the AI technology with social media platforms for effective advertising campaigns are expected to drive the growth of the AI in social media market. The major AI in social media vendors include Google (US), Facebook (US), AWS (US), IBM (US), Adobe Systems (US), Baidu (China), Salesforce (US), Twitter (US), Snap (US), Clarabridge (US), Converseon (US), Sprinklr (US), Unmetric (US), ISentium (US), Cluep (US), Netbase (US), Spredfast (US), Synthesio (US), Crimson Hexagon (US), Hootsuite (CANADA), Sprout Social (US), Vidora (US), Meltwater (US), and Talkwalker (Luxembourg). The market players have adopted the strategies of new product launches, product enhancements, acquisitions, collaborations, and partnerships to offer feature-rich products, solutions, and services to their customers and venture deeper into untapped regions.
Facebook was founded in 2004 and is headquartered in California, US. It builds and develops products that enable people to connect through smartphones, tablets, personal computers, and desktops. The company’s main products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. These products engage people efficiently in communicating with their peers. In May 2018, Facebook opened AI research lab centers at Pennsylvania and Seattle, US, to train next-generation AI researchers.
Google is another player in the AI in social media market. It is a multinational company that was founded in 1998 and is headquartered in California, US. The company operates through 2 business segments: Google and Other Bets. The Google segment comprises a wide range of products, such as Android, Ads, Google Cloud, Google Maps, Google Play, Search, YouTube, Chrome, Commerce, and hardware, whereas the Other Bets segment combines different operating segments that are not individually significant. In March 2017, Google and Facebook together invested USD 150 million to improve their AI research facilities in Canada.
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Ashish Verma published Passive Authentication Market to Expand with Significant CAGR by 2023 in Submit Content 2020-08-07 01:36:45 -0700
Passive authentication solutions have been adopted by several companies across the globe to counter the growing need for the frictionless authentication among organizations. The increasing adoption of passive authentication solutions helps organizations adhere to the increasing government compliance and deliver enhanced user experience, which drives the passive authentication market growth. The strategic partnership, collaborations, and agreements is an important growth strategy adopted by the key market players to develop new services and gain traction in the passive authentication market. MarketsandMarkets expects the passive authentication market to grow from USD 492.8 Million in 2018 to USD 1,535.0 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.
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The major vendors of the passive authentication market include Aware (US), BehavioSec (US), BioCatch (Israel), Cisco (US), Early Warning (US), Equifax (US), Experian (Ireland), FacePhi (Spain), FICO (US), Gemalto (Netherlands), IDology (US), IBM (US), Jumio(US), LexisNexis (US), NEC (Japan), Nuance Communications (US), NuData Security (Canada), Pindrop (US), RSA Security (US), SecuredTouch (Israel), Trust Stamp (US), TypingDNA (Romania), VASCO (US), Veridium (US), and Verint (US). These players have adopted various growth strategies, such as partnerships, collaborations, and agreements; mergers and acquisitions; and new product developments, to grow in the passive authentication market.
NEC has a significant presence in the market and aspires to become the top market provider of passive authentication solutions by constant investments in R&D capabilities. In February 2018, NEC enhanced NeoFace Access Control, a facial recognition product that helps organizations authenticate users at entry and exit points. In April 2017, NEC launched NC7000-3A, a user data utilization platform software that uses the facial recognition software. Moreover, this platform ensures the security of data on mobile devices, and complies with the Fast Identity Online (FIDO) industry standards for authentication.
Gemalto is another top player in the passive authentication market. The company delivers software and other technologies to businesses and governments that help them authenticate identities and protect data. In May 2017, Gemalto partnered with Enfuce, a Finland-based financial services provider, to offer cost-effective, convenient, and strong customer authentication using mobile devices. This partnership helped Gemalto leverage its Authentication-as-a-Service (AaaS) in the Nordic region.
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Ashish Verma published Cloud VPN Market to Undertake Strapping Growth by 2022 in Submit Content 2020-08-07 01:29:09 -0700
Cloud Virtual Private Network (VPN) is a type of VPN that operates on a cloud-based network infrastructure, which is also sometimes referred to hosted VPN or VPN as a service (VPNaaS). Cloud VPN provides a global VPN access to end users including its subscribers and third-party users over public internet. A VPN is mostly meant to permit a user, a connection to the internet over a server run by an enterprise. As most of the data or information on the server is encrypted for privacy, a cloud VPN can provide a secure access over the internet for using the private network through the virtual environment. In this report, MarketsandMarkets expects the cloud VPN market size to grow from USD 3.25 Billion in 2017 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.0%.
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Government and public utilities segment is expected to be the fastest-growing vertical
In the verticals end-user segment, the government and public utilities sector is expected to grow at the highest CAGR, while the telecom and IT sector is estimated to have the largest market share. The government and public utilities sector is undergoing a major transformation with the advent of cloud VPN. This sector is expected to use cloud VPN to a great extent, owing to the increased need for security, privacy, and compliance across the government and public surveillance. This, in turn, would drive the cloud VPN market during the forecast period.
North America is expected to have the largest market size in the cloud VPN market
North America, owing to the presence of a large number of cloud VPN vendors, is expected to have the largest market size in the cloud VPN market during the forecast period. Meanwhile, Asia Pacific (APAC) is expected to be the fastest-growing region. With the evolution of digital transformation in APAC, the need for managed IT services is also seen to be increasing. Furthermore, rapid economic growth in the developing APAC countries, along with the improving regulatory reforms and economic stability is driving the growth of the cloud VPN market in this region. The market in developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow owing to the increasing use of mobility, cloud computing, expanding retail and banking sector, and government regulatory compliances.
Key players in the cloud VPN market include Cisco Systems (US), Microsoft (US), Google (US), NCP engineering (Germany), Huawei (China), Robustel (China), Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), and Cohesive Networks (US).
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Ashish Verma published Professional Services Automation Market Progresses for Huge Profits by 2022 in Submit Content 2020-08-06 01:48:36 -0700
Professional Services Automation (PSA) is adopted by companies across the globe, due to the growing need for scalable and flexible Professional Services Automation solutions, and standardizing the Professional Services Automation processes. Hence, Professional Services Automation providers, with advancements in SaaS Technology, are enhancing their solutions to boost their revenue growth. Strategic partnership is an important strategy adopted by the key market players to develop new services and gain traction in the Professional Services Automation market. MarketsandMarkets expects the Professional Services Automation market to grow from USD 716.5 Million in 2017 to USD 1,244.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period
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North America consists of developed economies, such as the US and Canada. In this region, organizations are rapidly adopting and willing to invest in emerging technologies, such as smartphones and cloud platforms. Organizations in North America are dealing with a concern of an aging workforce, which has been addressed through effective implementation of Professional Services Automation. The major growth drivers include increased cloud deployments and growing adoption of online service delivery. Furthermore, organizations in this region have adopted the inorganic growth strategies to strengthen their presence across the world. For example, Oracle opted for mergers and acquisitions to optimize and strengthen its portfolio.
Professional Services Automation includes project management, project accounting, timesheet and expense management, billing and invoice management, analytics, resource management, opportunity management, and contract management. Major vendors of PROFESSIONAL SERVICES AUTOMATION include Autotask Corporation (US), Changepoint Corporation (US), FinancialForce (US), Microsoft (US), Atlassian (Australia), ConnectWise (US), Kimble Applications (UK), Mavenlink, Inc. (US), Oracle (US), SAP (Germany), Upland Software (US), Projector Professional Services Automation (US), Project Open Business Solutions S.L (Spain), and Kaseya Limited (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to achieve growth in the Professional Services Automation market.
FinancialForce (US), with a significant presence in the Professional Services Automation market, is aspiring to become the top market provider of Professional Services Automation solutions focusing on resource management, project management, talent management, sales management, reporting and dashboards, time and expense management, and sales engagement. In September 2016, FinancialForce introduced an app called as Wave, powered by Salesforce Wave Analytics, for PSA. This app allows users to gain business intelligence, have backlog visibility, and billing forecast from any device. In March 2015, FinancialForce expanded its operations in New Zealand and Australia. This expansion allowed the company to expand user base and to cater to the increasing cloud adoption in the area.
Changepoint Corporation (US) is another top player in the Professional Services Automation market. The company provides specialized solutions for each of its offering, such as Daptiv for project portfolio management, Changepoint for PSA, and barometerIT for enterprise architecture solutions. In June 2016, Changepoint Corporation launched a new Daptiv TTM application, an enhanced solution for team task management. Daptiv TTM provides users with features, such as timesheet submission application for team members, time entry, and task management.
Ashish Verma published Digital Audio Workstation Market Progresses for Huge Profits by 2023 in Submit Content 2020-08-05 02:39:50 -0700
The report "Digital Audio Workstation Market by Type (Recording, Editing, Mixing), End User (Professional/Audio Engineers and Mixers, Electronic Musicians, Music Studios), Component, Deployment Model, Operating Systems, and Region - Global Forecast to 2023", The digital audio workstation market size is expected to grow from USD 2.0 billion in 2018 to USD 3.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. The key factors driving the digital audio workstation market include the growing focus on digitization of instruments and increasing adoption of cloud-based digital audio workstations in the music industry to enhance the music production process
The study includes an in-depth competitive analysis of the key players in the digital audio workstation market, along with their company profiles, recent developments, and key market strategies. Market players have embraced different strategies to expand their global presence and increase their market shares.
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Implementation and consulting services subsegment is estimated to grow at a higher as compared to the managed services subsegment during the forecast period. This growth is expected to be driven by the increased demand for digital audio workstations across the media & entertainment and education industries. Services are an essential part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better return on investment (RoI).
The major vendors offering DAW market globally include Apple (US), Adobe (US), Avid (US), Ableton (Germany), Steinberg (Germany), MOTU (US), Acoustica (US), Presonus (US), Magix (Germany), Native Instruments (Germany), Cakewalk (US), Image-Line (Germany), Bitwig (Germany), Renoise (Germany), and Harrison Audio Consoles (US).
Apple is one of the major players in the DAW market. The company offers two solutions for this market: GarageBand and Logic Pro X. It caters to a huge client base in the media & entertainment industry with these offerings. Apple is focusing on enhancing these solutions and has recently released major updates for both solutions. It continuously takes efforts to bring cutting-edge technology to these offerings to help its professional clients produce the best quality music. GarageBand was recently upgraded with the latest sound library feature, which enables professionals to preview and download new Apple-designed sounds and instruments inside the app. Logic Pro X was upgraded with smart tempo and powerful effect plugins, which will enable users to manage tempo through all content with advanced tempo detection technology.
Avid is one of the largest solution providers to the media & entertainment industry. The company offers a robust portfolio of video and audio products and solutions. Apart from products and solutions, it also caters its client base with professional services, including consulting, project management, and project engineering. The company provides its award-winning technology to various end users, such as filmmakers, sound engineers and mixers, and professional musicians. It provides software as well hardware for music production. Avid serves its clientele in the DAW market with its digital audio workstation. The company focuses on expanding its presence in the market through agreements and partnerships. It also emphasizes on continuously improving its digital audio workstation with cutting-edge technology.
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Ashish Verma published Transportation Management System Market to Expand with Significant CAGR by 2022 in Submit Content 2020-08-05 02:36:30 -0700
Today, as supply chains become more complex and stretch from one side of the world to the other, companies are required to adapt to rapidly changing business environments with increased resilient distribution operations, tighter inventory control and faster, more efficient processing. This all adds up to higher demand for proficient and effective process execution.
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Consolidation is the major trend observed in this market where top players are acquiring the smaller startup companies for their unique solution offerings which are then levered to improve their presence in the particular market. Solutions vendors in this industry are spending huge amount of money on developing real-time solutions. Optimization is the other trend seen in this market where the main focus is to reduce the losses which are caused due to the time delay. Optimization in inbound operations has also gained importance due to the consumers demand for on-time delivery. Fleet management solutions have to be managed effectively and efficiently and use of analytics in managing these fleets has been the main focus of the players. Shippers want the real-time updates for their goods and thus connectivity solutions related applications have been swiftly expanding.
Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The region is involved in rapid deployment of interactive technologies, due to the growing use of cellular devices and rapid proliferation of the internet. The ongoing smart city projects across countries in APAC is expected to show significant growth opportunities in the TMS market, thus opening new avenues to the market growth. The implementation of transportation management solutions helps organizations in maintaining and managing their distribution networks and supply chains and in reducing expenses and increasing profitability, leading to market growth.
While technology vendors continue to dominate the transportation and logistics solutions space, Third-Party Logistics (3PL) providers are making their own impression. Transportation management continues to be a focal point as shippers confront looming Hours-of-Service changes, inevitable capacity and driver shortages, and fluctuating fuel costs.
Today and in the future too, the roadways is expected to be the most preferred way of transport and then followed by the railways, intermodal, airways, and ships. There will be increase in the ocean ports as the logistics industry is expected to expand due to formation of mega corridors connecting mega regions. Though the trade via airways is reduced, it is expected to quietly grow in the upcoming years.
Considering the future trends, Europe followed by China are the leading countries in export industries and U.S., Europe, and China are at the top in import trade; thus they are the main contributors in the revenue generation of transportation business solutions. The developing countries are expected to experience rise in the trade, in the future, demanding real-time updated transportation management solutions.
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Ashish Verma published DDI Market to Witness Comprehensive Growth by 2022 in Submit Content 2020-08-04 02:00:16 -0700
Various verticals such as telecom & IT, BFSI, government & defense, healthcare & life sciences, education, retail, and manufacturing through DNS, DHCP, and IP address management (DDI) market, would act as the main drivers for the growth of the service industry. However, the market for healthcare and life sciences is expected to have an exponential growth in the market. MarketsandMarkets forecasts the DDI market size to grow from USD 219.8 Million in 2017 to USD 467.8 Million by 2022, at a CAGR of 16.3%.
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All the IT and telecom industries use computers and mobile devices to execute their operations, each of these devices uses network to communicate data making network the most significant part of the workflow. DDI makes it easy for IT and telecom industries to support their current and evolving needs, while achieving the highest standards for service uptime, network reliability, and operational efficiencies.
The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR in the DDI market during the forecast period. SMEs had been majorly depended on manual records and spreadsheets to maintain their network. This was majorly due to the lack of awareness and budget constraints. However, with the proliferation of mobile devices and advent of IPv6, benefits of adopting DDI solutions and services is expected to drive the adoption of DHCP, DNS, and IPAM in SMEs during the forecast period.
There are several renowned vendors in this market such as Nokia Corporation (Alcatel-Lucent Enterprise) (France), BlueCat Networks (Canada), Microsoft Corporation (U.S.), Infoblox Inc. (U.S.), Cisco Systems, Inc. (U.S.), Men & Mice (Iceland), EfficientIP (U.S.), BT Diamond IP (U.S.), FusionLayer,Inc. (Finland), Apteriks (Netherlands), SolarWinds (U.S.), NCC Group (U.K.), TCPWave Inc. (U.S.), PC Network (Philadelphia), and ApplianSys (U.K.). These players have adopted various strategies such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the DDI market.
Infoblox Inc., is one of the major providers of the DDI market. The company has adopted the inorganic strategy such as partnerships and acquisitions. In December 2016, Infoblox Inc. partnered with Qualys Inc. to facilitate clients with combined capabilities of Infoblox’s DNS technology and Qualys Cloud Platform. This partnership is likely to empower clients with enhanced capabilities such as asset management, visibility, and malware & data exfiltration threat identification, and compliance & audit. In February 2016, Infoblox acquired IID. This acquisition has enabled Infoblox to offer clients with context-aware security using clients existing infrastructure, to improve relevance and precision of security decisions.
BlueCat Networks is among the leading players in the DDI market. The company offers various solutions such as In-Store DNS and DHCP, Migrate to BlueCat DDI, Data Center Transformation, Virtualization & Cloud, Network Security, IPv6 Adoption, and Network Automation. It entered into various partnerships and acquisitions with local as well as global players. For instance, in February 2017 BlueCat Networks acquired Madison Dearborn Partners, a private equity firm. The acquisition would help BlueCat in developing and marketing of innovative and automated DNS solutions. In April 2016, BlueCat joined Riverbed-Ready Technology Alliance program to empower customers to leverage their network capabilities to efficiently manage rapidly changing business needs of the hybrid enterprise with the help of end-to-end solutions.
Ashish Verma published Network Automation Market growth Industry Study in Detail in Submit Content 2020-08-02 23:03:35 -0700
The global network automation market size is expected to grow from USD 2.3 billion in 2017 to USD 16.9 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 48.7% during the forecast period. Major driving factors for the network automation market are critical need for network bandwidth management and network visibility, and growing adoption of smart connected devices across industry verticals. Growing adoption of virtual and software-defined network infrastructure and network downtime caused through human errors are some of the other factors expected to contribute to the growth of the network automation industry.
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The virtual network configuration and automation segment is based on the requirement and need to enable installation and provision of virtual machines, virtual devices and workloads. The automation of virtual devices and machines ensures that there are no bottlenecks by providing centralized visibility and control into the utilization and capacity of virtual devices in the virtual network infrastructure. Virtual network configuration and automation is essential for enterprises to improve their network agility and enhance its availability.
The major network automation industry vendors include Cisco (US), Juniper Networks (US), IBM (US), Micro Focus (UK), NetBrain Technologies (US), SolarWinds (US), Riverbed Technology (US), BMC Software (US), Apstra (US), BlueCat (Canada), Entuity (UK), and Veriflow (US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the network automation market. New product launches, partnerships, and agreements have been the most adopted strategies by the major players from 2015 to 2017, which helped them innovate their offerings and broaden their customer base.
Cisco is one of the leading players in the network automation market. The company adopts both organic and inorganic growth strategies to enhance its market presence. In 2017, Cisco launched an intent-based networking solution. This intuitive solution anticipates action, stops security threats, and continues to evolve and learn. This new solution is the result of heavy investments in R&D by Cisco for the development of automated networking solutions. Cisco has also actively acquired companies. For instance, Cisco acquired Viptela, an SD-WAN company, to expand its SD-WAN and automation portfolio. Cisco would commit its engineering resources to further enhance Viptela’s SD-WAN solution. The acquisition of Viptela fits into Cisco’s strategic transition toward a software-centric and automated networking model.
Juniper Networks is another established vendor in the network automation market. The company has a strong presence across North America, Asia Pacific (APAC), Middle East and Africa (MEA), Europe, and Latin America. The company focuses more on organic growth strategies to tap opportunities in the network automation market. In 2017, Juniper Networks launched Cloud-Grade Networking to accelerate agility and innovation in the Cloud Era. This solution will help reduce the operational complexity of managing end-user’s diverse application needs. In addition, the company is dedicated to creating high-performance networks. For instance, in 2017, Juniper Networks enhanced its SDSN platform by introducing automated enforcement, real-time intelligence, and machine learning.
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Ashish Verma published Retail Cloud Market by Technique & Data Validation in Submit Content 2020-08-02 23:01:55 -0700
MarketsandMarkets projects the Internet of Things (IoT) in retail market to grow from USD 14.5 billion in 2020 to USD 35.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. Major factors expected to drive the growth of the IoT in retail market include rapidly declining cost of IoT-based sensors and connectivity, increasing adoption of smart payment solutions, and customer demand for a seamless shopping experience.
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Key and emerging market players include Cisco (US), IBM (US), Intel (US), Microsoft (US), PTC (US), Huawei (China), Sierra Wireless (Canada), Amazon Web Services (US), SAP (Germany), Software AG (Germany), Accenture (Ireland), Bosch SI (Germany), Google (US), NEC Corp. (Japan), Oracle (US), AT&T (US), Vodafone (UK), Happiest Minds (India), Telit (UK), and Allerin (India). These players have adopted various strategies, such as new product launches and product enhancements; expansions; acquisitions; and partnerships, agreements, and collaborations, to grow in the IoT in retail market.
Cisco (US) is a prominent player in the IoT in retail market. The company offers solutions in IoT networking, IoT management, IoT data management, and built-in security. IoT networking accelerates IoT with secure connectivity by deploying a flexible, scalable, and secure switching in the user’s industrial network and also extends intent-based networking to the IoT edge. IoT management solution enables the user to keep IoT operations running smoothly via tools, such as Cisco Digital Network Architecture (DNA) and center and field network director to integrate Information Technology (IT) and Operational Technology (OT) infrastructure. The company has adopted inorganic growth strategies, such as collaborations and acquisitions, to expand its retail business with the help of IoT. For instance, in October 2019, Cisco acquired CloudCherry, a privately-held company based in the US. Both the companies will together help clients transform their contact center from delivering reactive care to providing predictive support and move from isolated customer interactions to cohesive, engaging experiences for improved business outcomes. The acquisition is also expected to enhance the customer engagement required in retail operations.
IBM (US) is another key player in the IoT in retail market, which is a leading provider of cloud platform services and cognitive solutions. The company offers a range of retail solutions for improving customer experience in retail stores. IBM iX is provided in combination with the Adobe Creative Cloud and Adobe Experience Cloud solutions. The company offers supply chain management solutions through the IBM Food Trust and IBM Sterling supply chain. IBM Food Trust is used to increase visibility across all touchpoints and IBM Sterling supply chain is used to gain real-time insights. IBM Multicloud Manager provides the visibility and expertise to optimize multi-cloud architecture that consists of distinct delivery models. The company adopted inorganic growth strategies, such as partnerships, to expand its business operations. For instance, in January 2020, IBM launched the IBM Sterling Supply Chain platform in coordination with companies, such as Salesforce, Publicis Sapient, project44, and Flooid. The intent of the launch was to facilitate returns and address logistics issues. IBM Sterling Supply Chain suite is integrated with MuleSoft connector to derive desired results. The aim of this partnership is to help retailers deliver omnichannel customer experiences to help reduce operational costs.
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Ashish Verma published IoT Managed Services Market In-Depth Investigation and Analysis Report in Submit Content 2020-07-28 02:35:24 -0700
The Internet of Things (IoT) managed services market size is estimated to be USD 21.85 Billion in 2016 and is projected to reach USD 79.60 Billion by 2021, at a CAGR of 29.5% during the forecast period. Some of the major factors that are driving the growth of the IoT managed services market include the rising momentum of managed cloud services, as the industry is shifting from traditional hosting to cloud hosting. Many organizations are still unware about the full potential of cloud, which results in their preference to outsource managed cloud services from third-party providers. The network management services segment is expected to grow at the highest CAGR during the forecast period. Network management services is essential to optimize the network to make the best use of available resources. It also assists in analyzing the amount of data transferring over a network and automatically routes it, to avoid congestion that can result in network crash.
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The major drivers for the increase in demand for IoT managed services market include rise of managed cloud services and growing inclination towards cost effective managed services. Managed Service Providers (MSPs) offer high effectiveness and performance for enterprises with their offerings, which also boosts the growth of the market.
Technological giants such as include Cisco Systems, Inc. (California, U.S.), Cognizant Technology Solutions Corporation (New Jersey, U.S.), HCL Technologies Limited (Uttar Pradesh, India), Harman International Industries, Inc. (Connecticut, U.S.), Infosys Limited (Karnataka, India), Virtusa Corporation (Massachusetts, U.S.), Tieto Corporation (Helsinki, Finland), Tata Consultancy Services Limited (Maharashtra, India), Tech Mahindra Limited (Maharashtra, India), and Wipro Limited (Karnataka, India) offer IoT managed services to cater to the needs and demands of the market. These players have adopted various growth strategies, such as business expansions, mergers & acquisitions, Partnerships and collaborations, and new service launches. Partnerships and collaborations have been the major strategical trends, accounting for more than half of the market share of all the growth strategies adopted by the major market players. Companies have adopted these strategies to expand their service offerings and venture into new markets. For instance, In November 2016, Reliance Group, India leading private sector business house, partnered with Cisco Jasper for the launch of a new venture, UNLIMIT, exclusively dedicated to providing IoT services to enterprise customers throughout India.
Cognizant Technology Solutions Corporation has adopted a strategic mix of organic and inorganic growth strategies, such as partnerships and collaboration, mergers & acquisitions, and business expansions. In December 2016, Cognizant expanded its operations in Saudi Arabia with a new office in Riyadh. The company aims to enhance operations and deliver digital services in the potential markets of the Middle East region.
Similarly, Cisco Systems, Inc., in November 2016, Cisco Jasper partnered with Reliance Group, for the launch of a new venture, UNLIMIT, exclusively dedicated to provide IoT services to enterprise customers throughout India.
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Ashish Verma published Content Services Platforms Market Strongly Driven by Rising Global Demand in Submit Content 2020-07-28 02:33:49 -0700
The global Content Services Industry size is expected to grow from USD 22.6 billion in 2018 to USD 60.3 billion by 2023 at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. The major factors driving the growth of the market are increasing need of enterprises to effectively use enterprise data, facilitate better collaboration among geographically dispersed teams, better control over information, and alignment of content strategy with business goals.
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The Content Services Industry includes major vendors, such as Microsoft (US), Hyland (US), OpenText (Canada), Box (US), Laserfiche (US), Adobe (US), IBM (US), M-Files (Finland), Nuxeo (US), Objective (US), Fabasoft (Austria), Micro Focus (UK), GRM Information Management (US), Everteam (France), DocuWare (Germany), Alfresco (US), Newgen (India), SER Group (Germany), and Oracle (US). The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Hyland, OpenText, Box, and M-Files, have majorly adopted many growth strategies, such as new product launches, acquisitions, and new expansions in different countries to increase their product portfolios and grow further in the CSP market.
Hyland offers OnBase flagship product in the CSP market, along with other products, such as ShareBase and AirBase. OnBase is a single enterprise information platform that manages content, processes, and cases deployed on-premises and cloud or both. OnBase has enabled enterprises to transform across the globe by empowering them to become more agile, efficient, and effective by offering ECM, case management, BPM, and records management, and capture data on a single central platform. Hyland delivers its products and services either directly or through an extensive partner network. The company has a strong presence in the market and offers a broad set of product portfolio for CSP customers, which is evident from the number of acquisitions it has made in recent years. It has acquired OneContent, Perspective business unit, and Acrosoft which has improved its customer base and product portfolio extensively. Moreover, this acquisition strategy has improved the value of its CSP platform significantly.
OpenText offers Content Suite Platform and Documentum Platform products which were acquired from Dell EMC. These products are available as on-premises, private and public cloud, managed hosted, SaaS and hybrid deployment models. The company’s CSP offering integrated with various applications from companies, such as Salesforce and SAP. OpenText has extensively focused on the acquisitions strategy, which can be seen from the number of acquisitions the company has made in recent years. This strategy has enhanced its product portfolio in the CSP marketspace and enabled the company to maintain a significant position in the CSP market. Moreover, the acquisitions strategy has enhanced the CSP offering and further improved the brand image of the company among end users. OpenText is a good fit for regulated verticals and firms looking for expansive content services that meet varied use cases and business processes of unstructured content.
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Ashish Verma published Web Content Management Market In-Depth Investigation and Analysis Report in Submit Content 2020-07-27 02:36:22 -0700
The WCM market size is expected to grow from USD 6.0 billion in 2020 to USD 13.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period. The major factors driving the growth of the WCM market include the demand by organizations to increase their revenue by delivering personalized content for customers, increasing the interactions with the online customers, and maintaining the brand presence.
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Major WCM vendors include IBM Corp. (US), Adobe Inc. (US), OpenText Corporation (Canada), Oracle Corporation (US), Microsoft Corporation (US), Progress Software Corporation (US), Upland Software Inc. (US), SDL plc (UK), Sitecore (US), Crownpeak (US), Acquia (US), Episerver (US), Rackspace Inc. (US), e-Spirit (US), Percussion software (US), Kentico (Czech Republic), Angler Technologies (India), Contentful (Germany), HCL Software (India), and MODX (US). These market players have adopted various growth strategies, such as partnerships, agreements, collaborations, and product launch/enhancements, to expand their presence in the WCM market. Partnerships, agreement and collaborations have been the most adopted strategies by major players from 2017 to 2020, which helped companies innovate their offerings and broaden their customer base. Many started to deliver WCM solutions on cloud.
Adobe (US) is one of the leading players in the WCM market. The company excels in creative media software products and digital marketing software. They enable creative professionals to produce high-quality content across personal computers, devices, and media. It has three segments: digital media, digital experience, and publishing. Adobe Experience Manager is a comprehensive content management system. It has the capability to incorporate the headless approach i.e. running the apps without Graphical User Interface (GUI) for modern application development. Currently, Adobe is working toward enhancing its market share and presence with the help of some growth strategies, such as Adobe announced in January 2020 that Adobe Experience Manager will be offered as a cloud-native Software as a Service (SaaS) application. It was previously adopted on-premises or as a managed service.
OpenText (Canada) is another leading vendor in WCM market space. OpenText WCM is its product that is integrated into customer experience management. It is a highly flexible and connected platform. It combines content, process, and applications for an immersive experience. Multi-channel interactions are supported in OpenText WCM. The company is focusing on both organic and inorganic growth strategies to gain a competitive edge in the WCM market. For instance, in February 2020, OpenText announced the release of the latest version of WCM solution and its improved features. These features will help OpenText hold the existing customers and attract new customers.
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Ashish Verma published Bare Metal Cloud Market by Technique & Data Validation in Submit Content 2020-07-27 02:29:05 -0700
The bare metal cloud market is gaining traction owing to the critical need for reliable load balancing of data-intensive and latency-sensitive operations, over cloud. The rising need for non-locking compute and storage resources along with the advent and rising adoption of fabric virtualization are some of the other factors contributing to the growth of the bare metal cloud market.
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There are several established players in this market such as IBM Corporation (U.S.), Oracle Corporation (U.S.), CenturyLink, Inc. (U.S.), Internap Corporation (U.S.), and Rackspace Hosting, Inc. (U.S.). These leading players have adopted various strategies such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the global bare metal cloud market.
IBM Corporation is one of the leading players in the bare metal cloud market. The company adopted both organic as well as inorganic strategies to enhance its presence in the market. It entered into various partnerships and strategic alliances with local as well as global players. For instance, in October 2016, IBM Corporation partnered with Majesco, a leading solutions and services provider of cloud computing in the U.S. This partnership enabled the IBM clients to speed up the development of new customer services with predictive data analytics for insurance providers, to bring new solutions to the clients. The company acquired Gravitant, Inc., a privately held company of the U.S., which majorly offers cloud-based software to the application developers for the development of enterprise applications and also provides cloud-associated services and solutions to its commercial customers. This acquisition enabled IBM Corporation to broaden its bare metal services and offerings.
Oracle Corporation is another major provider of bare metal cloud. The company has a strong geographic presence worldwide including North America; Europe, Middle East, and Africa; and Asia-Pacific. The company focuses more on the inorganic growth strategies to tap into the bare metal cloud market. For instance, in July 2016, Oracle Corporation partnered with Fujitsu, a leading cloud computing and IT infrastructure provider, to drive the cloud computing market and deliver enterprise-grade services to customers in Japan and their subsidiaries around the globe.
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Ashish Verma published Data Center Cooling Market growth Industry Study in Detail in Submit Content 2020-07-24 02:33:48 -0700
Global data center cooling market Share is expected to foresee traction in the coming years, with continuously growing demand for data centers deployment, up-gradation in the existing data centers, increasing availability of smart phones, rich internet connectivity, need for reducing operational expenses and technological advancements. In the present scenario, efficient data center cooling has become a critical considerable factor for attaining operational efficiency along with reduced expenditures. It is estimated that around 40% of total energy consumption in a data center is into cooling, constituting a major portion of operational expenditure. Because of these reasons, developing efficient data center cooling technologies has become essential for data center managers.
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Among services, the maintenance and support segment is expected to grow at the highest CAGR during the forecast period. This high growth is due to the rapid adoption of data center cooling solutions in enterprises and large data centers, which require third-party assistance for the maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.
North America is estimated to hold the highest share of the data center cooling market in 2016 due to the technological advancements and the higher adoption of data center cooling technologies by large organizations in the region. APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving force for this growth is the increasing requirement for energy-efficient and cost-effective solutions in various industries present in the region.
In reference to the industry verticals in the data center cooling space, major portion of market is expected to be contributed by the telecommunication and IT vertical, as substantial traction in the deployment of data centers is expected. Other than Telecom and IT, the Banking, Financial Services and Insurance (BFSI) vertical is also expected to experience significant rise in revenue. Apart from these two verticals, healthcare, manufacturing, retail etc verticals are also expected to foresee growth, as the transition from maintaining manual records to maintaining electronic records in all the verticals is clearly visible. The market for data center cooling is significantly impacted by various geographical regions, because of increasing data center deployments and availability of infrastructure. MarketsandMarkets expects the Asia-Pacific region to hold the largest portion of total data center cooling market. In spite of small contribution in revenues, the Latin American region is expected to foresee high growth in this market along with Middle East and Africa. MarketsandMarkets expects the data center cooling market to grow from $4.91 billion in 2013 to $8.07 billion by 2018, at a Compound Annual Growth Rate (CAGR) of 10.4%.
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Ashish Verma published Data Warehouse as a Service (DWaaS) Market In-Depth Investigation and Analysis Report in Submit Content 2020-07-24 02:32:39 -0700
MarketsandMarkets estimates the global Data Warehouse as a Service market to grow from USD 1.2 billion in 2018 to USD 3.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.8% during the forecast period. The key factors driving the data warehouse as a service market include rising adoption of private cloud coupled with increasing use of column-oriented data warehouse to perform advanced analytics.
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The major vendors offering data warehouse as a service globally include IBM (US), AWS (US), Google (US), Microsoft (US), Snowflake (US), Teradata (US), SAP (Germany), Micro Focus (United Kingdom), Hortonworks (US), Cloudera (US), Actian (US), 1010data (US), Pivotal Software (US), Solver (US), Yellowbrick (US), Panoply (US), MarkLogic (US), MemSQL (US), Netavis (Austria), LUX Fund Technology & Solutions (US), Transwarp Technology (China), Accur8 Software (US), Atscale (US), and Veeva (US). The study includes an in-depth competitive analysis of the key players in the data warehouse as a service market, along with their company profiles, recent developments, and key market strategies. The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and upgradations; and partnerships, agreements, and collaborations, have been the most dominating strategies adopted by the major players, which helped them innovate their offerings and expand their audience.
Microsoft is one of the major providers of data warehouse as a service over its Microsoft Azure Cloud. The company provides its offerings to a diverse customer base that includes both large and small and medium-sized enterprises. Moreover, it majorly and equally adopts both organic and inorganic growth strategies to sustain its leading position in the competitive market. It also invests heavily in R&D activities to strengthen its capabilities and competencies in its core business. Microsoft has invested heavily in the development of data centers for a public cloud infrastructure, known as Microsoft Azure, which is ideally suited to serve the needs of the scientific community. Microsoft Azure provides a variety of cloud services enabling users to select the right combination to meet their needs, from setting up a community website to document and discuss research findings to performing complex data analysis in a scalable environment. Microsoft Azure has already proven successful for a variety of research projects and future enhancements promise to support research in new and exciting ways, as cloud computing continues to evolve. In April 2018, it partnered with C3 IoT to deliver new technology developments and provide go-to-market strategies that accelerate enterprises AI and IoT application developments. Combining the market reach of Microsoft Azure and the capability of the C3 IoT AI platform, the company plans to accelerate the adoption of AI, IoT, and elastic cloud computing globally.
Pivotal provides a wide category of products, which enables enterprises to replace traditional, expensive, rigid, on-premises data warehouses with cost-effective cloud database solutions. The company offers advanced products for data warehouse services. In addition, the company has adopted product upgradation and collaboration strategies to upgrade its product portfolio and expand and enhance its market reach. For instance, it recently introduced version 184.108.40.206 of its Pivotal Greenplum Database, which supports next-generation data warehousing and large-scale analytics processing. The strategies of product innovations, expansions, and business partnerships have enabled the company to expand its customer base in the cloud data warehouse market. In November 2018, the company collaborated with HCL Technologies to provide Pivotal Cloud Foundry (PCF), a cloud-native application platform that would help enterprises to accelerate business transformation. The collaboration would enable enterprises to modernize their development practices and securely operate important applications across multi-cloud environments.
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Ashish Verma published Video Streaming Software Market Analysis and Foresight Report in Submit Content 2020-07-23 02:34:53 -0700
Video streaming technology facilitates the transmission of video files with the help of streaming transcoders, streaming servers, and other related software, to provide uninterrupted videos to the viewers. Concerns over the security and privacy of the video content can be seen hindering the growth of the video streaming market, but this is expected to be impactful for a short period only. MarketsandMarkets expects the global video streaming software market size to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2%.
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Companies such as Brightcove, Inc., Haivision, Inc., IBM Corporation, Kaltura, Inc., Kollective Technology, Inc., Ooyala, Inc., Panopto, Polycom, Inc., Qumu Corporation, Sonic Foundry, Inc., VBrick, and Wowza Media Systems, LLC have created leading video streaming software and platforms to cater to the needs and demands of the video streaming software market. These players have adopted various growth strategies, such as acquisitions, agreements, partnerships, and new product launches.
The key market players are entering into collaborations and partnerships to provide innovative offerings and increase profitability. For instance, IBM Corporation adopted the strategies of partnerships, acquisitions, and new product launches. In April 2016, IBM partnered with the CBC, Canada’s national public broadcaster, to deploy its Cloud Video Clearleap platform, which will enable CBC to provide next-generation, ad-supported streaming video services to Canadian customers
Wowza Media Systems adopted the strategies of partnerships, new product launches, and product upgradations to expand its market presence. In April 2017, Wowza released new updates of its Wowza Streaming Engine (version 4.7) and Wowza Streaming Cloud Service. These updates were aimed to assist broadcasters to deliver large-scale streams to global audiences through Content Delivery Networks (CDNs) and Facebook Live. The updates also improved the monitoring and resiliency of streaming workflows.
“North America is expected to contribute the largest market share; Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period.”
North America is expected to have the largest market share due to various factors, such as collaborations between governments and network arenas, institutional partnerships, and large-scale investments in outsourced video streaming solutions and services. APAC offers potential growth opportunities owing to the increasing usage of digital media among organizations and individuals, and the rising awareness about business productivity in the APAC region.
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