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5G Services Market Overview, Growth, Scope, Size, Industry Trends, Research Methodology by 2025

September 16, 2019 by siddharth mnm  

According to new market research report on "5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA), and Region - Global Forecast to 2025", The 5G services market is expected to grow from USD 53.93 billion in 2020 to USD 123.27 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18% during the forecast period.

The rising demand for reliable and ultra-low latency connectivity services and growing trends in machine to machine communication are expected factors to have enabled the 5G services market to witness tremendous adoption.

Browse and in-depth TOC on “5G Services Market

59 - Tables

34 - Figures

116 - Pages  

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226908556 


The connected vehicles vertical grow at the fastest growth rate during the forecast period

The connected vehicles vertical is expected to grow at the highest CAGR during the forecast period, owing to the advent of autonomous vehicles. Autonomous vehicles are still in the Research and Development (R&D) phase; however, they would be available for use in the near future. The telecom and automotive players formed a 5G Automotive Association to develop, test, and promote communication solutions. The objective of the 5G Automotive Association is to implement 5G connectivity for the next generation connected cars.

The Fixed Wireless Access (FWA) segment to grow at the highest CAGR during the forecast period

The FWA segment is expected to grow at the highest CAGR during the forecast period. Owing to its remote area coverage and high-speed latent free service offerings, followed by reduced last mile connectivity expenditure, the application would be deployed by a large number of commercial as well as consumer users.

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North America to have the largest market share during the forecast period

North America is expected to hold the largest market share in the 5G services market. Telcos in the US have announced to roll-out 5G services much earlier as compared to that of other countries in a large number of states. Due to the rising adoption of new technologies, such as IoT and smart cities, and increasing need for high-speed internet connectivity, telecom service providers have started trials and tests for 5G services.

The key players in the 5G services market include AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China),Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/5g-services.asp

 

Digital Map Market By Component, Mapping Type, Application, Vertical Forecast to 2024

September 5, 2019 by siddharth mnm  

According to a research report "Digital Map Market by Component, Mapping Type (Outdoor and Indoor), Application (Real-time Location Data Management, Geocoding and Geopositioning, Routing and Navigation, and Asset Tracking), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the digital map market size is projected to grow from USD 13.9 billion in 2019 to USD 29.4 billion by 2024, at a CAGR of 16.2% from 2019 to 2024. Major growth drivers for the market include the growing adoption of mobile computing devices for navigation.

Browse and in-depth TOC on “Digital Map Market

44 - Tables

31 - Figures

111 - Pages  


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Routing and navigation application to hold a larger market size during the forecast period

The routing and navigation application is one of the widely adopted applications of digital maps. With smart city initiatives, a large number of cities and other governing bodies are promoting wide-scale adoption of digital maps through various integrated platforms, such as ride-sharing, routing updates, traffic conditions, and weather monitoring.

Infrastructure Development and Construction Vertical to Hold the Largest Market Size During the Forecast Period

Digital map solutions play an essential role in the construction and engineering companies, as they support all phases of the infrastructure life cycle. Moreover, these solutions help construction engineers manage and share data, generate reports, and visualize territory data, which can be analyzed and communicated to others.

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North America to hold the largest market size during the forecast period

North America is witnessing advancement in mapping technology and the presence of tech giants, such as Google, Apple, Mapbox, DigitalGlobe, and Magellan, which are the main contributors to the growth of the digital map market in the region. Growing adoption of digital map solutions in various industries, such as automotive, energy and utilities, government and defense, and transportation, to achieve submeter accuracy is contributing to the growth in this region.

Market Players

Major vendors covered in the digital map market include Google (US), TomTom (Netherland), Esri(US), Here (Netherland), Digital Map Products Inc.(US), Nearmap(Australia), Magellan(US), Apple (US), Mapquest (US), Intrix (US)., Yahoo(US), AutoNavi (China), MapWise (France), Jibestream (Canada), Indoor Atlas (Finland),and Mapillary (Sweden).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com
Content Source:https://www.marketsandmarkets.com/PressReleases/digital-map.asp

Debt Collection Software Market by Component, Organization Size, Deployment Type, User Type, and Region - Global Forecast to 2024

September 4, 2019 by siddharth mnm  

According to a research report "Debt Collection Software Market by Component (Software, Services), Organization Size, Deployment Type, User Type (Financial Institutions, Collection Agencies, Healthcare, Government, Telecom & Utilities), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global debt collection software market size is expected to grow from USD 2.9 billion in 2019 to USD 4.6 billion by 2024, at a CAGR of 9.6% during the forecast period.

The growing demand for automation in the collection process, rising need for self-service payment models to speed up the collection process, and increasing adopting of cloud-based debt collection software are some of the major factors driving the growth of the market.

Browse and in-depth TOC on “Debt Collection Software Market

58 - Tables

31 - Figures

134 - Pages   

 

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211244709


The large enterprises segment is expected to account for the larger market share during the forecast period.

The use of the debt collection in large enterprises is relatively higher as compared to that of small and medium-sized enterprises (SMEs). This higher use is due to the affordability and economies of scale, which enables large organizations to benefit from the debt collection. Large enterprises have left no stone unturned to compete in today’s cut-throat competitive industry. Moreover, the need for multichannel communication to reach debtors and improve the collection process through automation is likely to drive the growth of the debt collection software.

The services segment to grow at a higher CAGR during the forecast period as compared to the solutions segment

Debt collection services have a broad scope of usage, ranging from assistance to the client for the deployment of software, strategy, & implementation, to cater to the business-specific needs of organizations. Debt collection services help businesses bridge legacy systems to modern applications and take care of training and implementation work so that the client can focus on their core business. This has created opportunities for vendors to provide services to different stakeholders of debt collection ecosystem and help them deal with complexities while configuring modern debt collection software.

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North America estimated to lead the debt collection software market during the forecast period

North America is expected to account for the largest share of the debt collection software market in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies and cloud-based platforms to take hold of the increasing bad debt rates. The North American region exhibits a wide presence of key industry players offering debt collection software and services, and its financial position enables it to invest majorly in leading tools and technologies for effective business operations.

FIS (US), FICO (US), Experian (Ireland), CGI (Canada), TransUnion (US), Pegasystems (US), Temenos (Switzerland), Intellect Design Arena (India), Nucleus Software (India), Chetu (US), AMEYO (India), Loxon Solutions (Hungary), EXUS (UK), Kuhlekt (Australia), and Katabat (US) are some of the leading companies operating in this market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/debt-collection-software.asp

 

At a CAGR of 21.05% Scale-out NAS Market is expected to surpass from $12.58 Billion in 2017 to $32.68 Billion by 2022

September 3, 2019 by siddharth mnm  

According to recent market research report "Scale-out NAS Market by Component (Software, Service), Storage Technology (File, Block, Object), Deployment Type, Organization Size (SMES, Large Enterprises), Vertical (BFSI, Government, Healthcare), and Region - Global Forecast to 2022", The scale-out NAS market is estimated to grow from USD 12.58 Billion in 2017 to USD 32.68 Billion by 2022, at a CAGR of 21.05% between 2017 and 2022.

Browse and in-depth TOC on  Scale-out NAS Market

60 - Tables

60 - Figures

125 - Pages  


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The market is primarily driven by the increasing demand for scale-out NAS applications across enterprises and high cost and downtime of scale-up NAS. In addition, the rising need for high throughput rate, increased I/O capacity, and low latency with high computing parallel processing and big data analytics is driving the adoption of scale-out NAS solution.

Based on component, the service segment is projected to grow at a higher CAGR during the forecast period

Based on component, the scale-out NAS market has been segmented into software and service. The service subsegment is projected to grow at the highest CAGR between 2017 and 2022. Scale-out NAS services have been categorized into professional services and system integration services. Professional services include understanding the client’s requirement, designing and implementing solutions, and providing support post deployment. System integration is offered for integrating various parts of scale-out storage systems.

“Based on vertical, the healthcare segment is estimated to grow at the highest CAGR during the forecast period”

Based on vertical, the healthcare segment is estimated to grow at the highest CAGR. Scale-out NAS solutions enable real-time exchange of healthcare information between the organizations and patient with agility, quality, and reduced cost.

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Asia-Pacific scale-out NAS market estimated to grow at the highest CAGR during the forecast period

The scale-out NAS market has been studied for North America, Europe, Asia-Pacific, and Rest of the World. The highest growth rate of the Asia-Pacific region can be attributed to the increasing adoption of storage technologies and rising amount of data being generated by organizations, owing to which there has been a significant rise in the adoption of scale-out NAS storage solutions and services. Countries such as India, China, Japan Singapore, Australia, and New Zealand are expected to witness high growth rates in the scale-out NAS market.

Major players in this market include Dell, Inc. (US), Hewlett Packard Enterprise (US), Nasuni Corporation (US), NetApp, Inc. (US), Hitachi Data Systems Ltd (US), IBM Corporation (US), Panasas, Inc. (US), Pure Storage, Inc. (US), Tintri, Inc. (US), Scality, Inc. (US), Nexenta Systems, Inc. (US), and Quantum Corporation (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: 
sales@marketsandmarkets.com
Content Source:https://www.marketsandmarkets.com/PressReleases/scale-out-nas.asp

 

System of Insight Market Overview, Industry Trends, Scope, Application, Size, Share 2019-2024

August 20, 2019 by siddharth mnm  

According to a new market research report "System of Insight Market by Component (Solutions and Services), Applications (Customer Analytics, Operations Management, Sales and Marketing Management, Risk and Compliance Management), Deployment Model, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global system of insight market size is expected to grow from USD 1.2 billion in 2019 to USD 3.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period.

The major factors contributing to the growth of this market include the increasing volume of big data and a growing need for data analytics. Moreover, an increasing adoption of cloud-based solutions provides opportunities in the system of insight market.

Browse and in-depth TOC on “System of Insight Market

58 - Tables

34 - Figures

128 - Pages  


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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236882549

Solutions segment to hold a larger market size during the forecast period

By component, vendors offer solutions and services in the system of insight market. Solutions are developed by various vendors for helping end users to process a large volume of streaming data in real time, thereby enabling enterprises to react to dynamic business requirements and enhance customer experience. The solutions integrate data across all channels, generates insights from analytics, and helps enterprises to make better decisions. The solutions segment is estimated to hold the largest market size, driven by increasing in the adoption of real-time analytical solutions.

Banking, Financial Services, and Insurance to hold the largest market size during the forecast period

The BFSI vertical has gained traction in the system of insight market, owning to early adoption of system of insight solutions for the financial applications. The system of insight solutions have a wide range of applications in the BFSI vertical. Some of the applications used in this vertical are algorithmic trading, electronic transaction monitoring, and dynamic pre-trade analytics. Moreover, the system of insight solutions and services are widely used to enhance customer relationships.

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North America to hold the largest market size during the forecast period

North America is the major revenue generating region in the global system of insight market. The region is witnessing major developments in the analytical space. Most of the system of insight solutions providers present in North America are involved in product innovations and deployment of the system of insight solutions. They are adopting various growth strategies to strengthen their position in the system of insight market.

Major vendors in the global system of insight market include IBM (US), Oracle (US), SAS Institute (US), SAP (Germany), TIBCO Software (US), GoodData (US), Plutora (US), NGDATA (Belgium), CoolaData (US), Striim (US), Signals Analytics (US), Streamlio (US), INETCO (Canada), Correleta (US), and Radicalbit (Italy).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/system-of-insight.asp

Influencer Marketing Platform Market Objective, Scope, Segmentation, Industry Trends by 2024

August 19, 2019 by siddharth mnm  

According to a market research report "Influencer Marketing Platform Market by Component, Application (Search and Discovery, Campaign Management, Influencer Relationship Management, and Analytics and Reporting), Organization Size, End User, and Region - Global Forecast to 2024", published by MarketsandMarkets,is expected to grow from USD 5.5 billion in 2019 to USD 22.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 32.4% during the forecast period.

The key factors driving the influencer marketing platform market include customers’ shift toward video-based content across over-the-top space and rising adoption of ad-blocking software to enhance the need for new marketing technique.

Browse and in-depth TOC on “Influencer Marketing Platform Market

64 - Tables                                                 

18 - Figures

116 - Pages   


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Search and discovery application segment to hold the largest market size during the forecast period

With the rising adoption of social media and increasing ad-blocking activities, marketing strategies have gone through a tremendous transformation. Therefore, marketers are moving towards influencer marketing platform to find potential influencers that can promote their brand, enhance brand exposure, and create a higher level of customer engagements. Search & discovery tool provides complete information of every influencer including, personal, geographic, and professional details, interest areas, and several followers across different media channels. Therefore, the growth of this application would continue to grow during the forecast period.

Fashion and lifestyle end user to hold the largest market size during the forecast period

The influencer marketing platform market by end-users covers major end users: fashion & lifestyle, agencies & PR, retail & consumer goods, health & wellness, ad-tech, banking & financial institutes, travel & tourism, and others. The fashion & lifestyle end-user is estimated to account for the largest size in the influencer marketing platform market in 2019. Increasing deployment of cloud-based influencer marketing platform has enabled fashion and lifestyle SMEs to gain a competitive advantage over the big players.

Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=294138

Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

North America is expected to account for the largest market size in the influencer marketing platform market by region during the forecast period. The region houses many key vendors, such as HYPR, Upfluence, IZEA, and Traackr. APAC is expected to grow at the highest CAGR during the forecast period with increasing budgets for marketing strategies. An increasing social media adoption among Asian countries has provided the platform for the retailers to promote their product through digital marketing technique such as influencer marketing, and content marketing. This is expected to drive the adoption of influencer marketing platform market in the APAC region.

The influencer marketing platform market comprises major solution providers, such as IZEA (US), HYPR (US), Traackr (US), InfluencerDB (Germany), Launchmetrics (US), Julius (US), Klear (US), Upfluence (US), AspireIQ (US), Mavrck (US), Onalytica (UK), Lumanu (US), Lefty (France), Linqia (US), and Social Beat (India). The study includes the in-depth competitive analysis of the key players in the influencer marketing platform market with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com
Content Source:https://www.marketsandmarkets.com/PressReleases/influencer-marketing-platform.asp

 

Correspondence Management System market will be projected to grow $3.5 billion by 2023

August 16, 2019 by siddharth mnm  

According to market research report on "Correspondence Management System Market by Component, Delivery Channel (Email, Web, and SMS/MMS), Application (Mailroom Automation, Engineering Document Control), Deployment Model, Organization Size, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Global Correspondence Management System Market size is expected to grow from USD 1.9 billion in 2018 to USD 3.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period.

 

The key factors driving the Correspondence Management System Market include increasing need for automating and personalizing communication systems and timely and secured internal and external communications.

 

Browse and in-depth TOC on “Correspondence Management System Market

80 - Tables

36 - Figures

141 - Pages   

 

Speak to our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=31377935

  

Government and Public Sector industry vertical to grow at the second highest CAGR during the forecast period

 

The government and public sector industry vertical cover all the government organizations and agencies. The responsibilities of these organizations are to interact with tax collection, safety, public interest, education, and others. These communications are conducted through various correspondences, such as letters, emails, fax, bills, invoice, agreements, and contracts. Most of the organizations pertaining to government and public sector lose hundreds of daily interactions. Moreover, they fail to follow up important communications. Hence, government and public organizations are moving toward effective correspondence management system to streamline the complete lifecycle of correspondences

 

Mailroom automation application to hold the largest market share and highest CAGR during the forecast period

 

With the advent of cloud-based technologies and increasing digitalization, organizations are increasingly adopting mailroom automation to automate their internal and external business communication processes. The mailroom automation helps organizations classify their incoming correspondences as per their category, content and appearance, and send them to the respective department or the person. An organization receives thousands of correspondences and needs to conduct internal and external communications. Thus, it is very difficult for any organization to keep track of all the correspondences and respond to them. Moreover, the manual mail sorting process is very time-consuming and expensive to implement. Therefore, many organizations are using mailroom automation to manage their correspondences.

 

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31377935

 

Software component to account for the largest market size during the forecast period

 

The software segment is growing at a significant rate, due to the increasing demand for correspondence management, document management, digital asset management, and eDiscovery by enterprises to achieve strategic advantage and streamline their internal and external communications. Most of the enterprises are considering that customer communication data plays a crucial role in acquiring new customers and sustaining existing ones. All these factors are expected to propel the adoption of correspondence management system software. The deployment of various correspondence management solutions is vital in sourcing, monitoring, and managing communications, and extracting intelligible strategic business insights from the internal and external communication data generated by enterprises.

 

North America to hold the largest market size during the forecast period

 

The global Correspondence Management System Market by region covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America constitutes the highest market share, owing to the early adoption of advanced technology solutions as well as prominent initiatives taken by industry players through partnerships with various technology players. The US and Canada are witnessing increased adoption among government and public sector.

 

Major global vendors of Correspondence Management System Market are IBM (US), Microsoft (US), Adobe (US), OpenText (Canada), Pitney Bowes (US), Rosslyn Analytics (England), MicroPact (US), Fabasoft (Austria), NewGen (India), Everteam (France), Xerox (US), Palaxo (UAE), Top Down Systems (US), IT-Blocks (Egypt), and CATEC (UAE).

 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/correspondence-management-system.asp

At CAGR of 11.8% Remote Infrastructure Management Market will expand $41.27 Billion by 2022

August 8, 2019 by siddharth mnm  

According to market research report "Remote Infrastructure Management Market by Core Service (Database Management, Storage Management, Server Management, Desktop Management, Application Management), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022", The RIM market size is expected to grow from USD 23.65 Billion in 2017 to USD 41.27 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The RIM market is growing rapidly, owing to the increasing need for seamless, value-added, and reliable Quality of Service (QoS).

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Storage management is expected to hold the largest market share during the forecast period

Among all core services, the storage management segment is expected to dominate the market in terms of market share and is projected to grow considerably during the forecast period, as the demand for managing servers remotely and monitoring servers for any risk or attack is increasing among enterprises. Securing a server is the major concern for any enterprise, and many enterprises have their servers located at a remote location and function from multiple locations. In this case, enterprises require RIM services to manage their servers, remote server administration, server audit, patch management, updation, and performance monitoring, and to offer proactive timely maintenance for their servers.

Large enterprises segment is expected to have the largest market share

The report segments the global RIM market into organization size that covers large enterprises as well as Small and Medium-sized Businesses (SMBs). The large enterprises across major verticals have a global presence and offices at different locations. These enterprises also have their IT infrastructure scattered across sites and require RIM services to manage their IT infrastructure remotely. Large enterprises have a huge customer base and serve their customers worldwide. To manage their costly infrastructure and to match the complexity of the network, large enterprises outsource services to RIM service providers to assist them in achieving their business goals. The growth of RIM across large enterprises is majorly driven by the need for best-quality seamless services in a centralized manner.

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North America is expected to be the largest revenue generator during the forecast period

The report has been segmented into 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to be the largest region for the RIM market, followed by Europe. Rapid growth in the digitalization trend and openness for outsourcing services are the major drivers of RIM solutions in North America. The market growth in developing regions can be attributed to technology enhancements.

Major vendors in the RIM market are HCL Technologies Limited (India), Fujitsu (Japan), Tata Consultancy Services Limited (India), Capgemini (France), Sensiple (US), Nityo Infotech (US), Locuz (India), CtrlS Datacenters Ltd (India), Cybage Software Pvt. Ltd. (India), and Cerebra Integrated Technologies Limited (India). These vendors have adopted various types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the RIM market.

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Maritime Satellite Communication Market Analysis, Scope, Overview, Industry Trends, by 2020

August 5, 2019 by siddharth mnm  

According to new market research report on "Maritime Satellite Communication Market by Type (VSAT, MSS), Service (Voice, Video, Data, Tracking & Monitoring), End User (Merchant Shipping, Fishing, Passenger Ship, Leisure Vessels, Offshore, Government, Others) and by Region - Global Forecast to 2020", The Global Maritime Satellite Communication Market is expected to grow to USD 3.10 Billion by 2020, at a CAGR of 9.0% over the forecast period.

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Escalating need of enriched data communication and expansive application of satellite communication in maritime industry is driving the global maritime satellite communication market. Furthermore, introduction of less expensive technology to attract end users which did not had the potential to use satellite communication earlier.

Europe has emerged as the leading region in terms of adoption and implementation of maritime satellite communication services

Due to availability of cost-effective solutions, rapid adoption and deployment of maritime satellite communication is reported in North America and Asia-Pacific region. On the other hand, Latin America and Middle East & Africa regions are showing comparatively slow adoption. At present, North America has the second-largest share in the overall market, and is expected to dominate the global maritime satellite communication market by the end of 2020. Currently, merchant shipping end-user segment holds the highest market share due to its potential to rapidly adopt technological developments in communication technology

VSAT technology to play a key role in the maritime satellite communication market

The very small aperture terminal (VSAT) technology is estimated to dominate the maritime satellite communication market during the forecast period. At present, VSAT holds more than 61% share of the overall market. The rapid shift from mobile satellite communication (MSS) to VSAT is attributed to bandwidth and cost advantages that VSAT offers to marine users. At present, the penetration of VSAT across Ka-Band is maximum and this trend is expected to continue till 2020. On the other hand, the Ku-Band segment is expected to register the highest CAGR during the forecast period owing to increasing deployment of maritime satellite communication services across Ku-Band. With a share of over 29% in 2015, data communication services are expected to register the highest market share during the forecast period and video communication service segment will register the highest growth due to increasing use of video conferencing and entertainment-based applications.

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Increasing need for enriched data communication drives the market growth of maritime satellite communication market

With the increase in sophistication and need of reliable data communications across remote marine regions, the scope of maritime satellite communication systems has increased. The growing communication needs of ships, vessels, rigs, and navel sector to maintain operational efficiency, on-board security, and employee/passenger welfare has resulted in increasing demand for bandwidth and data communication terminals. Furthermore, maritime satellite communication has increasing applications in maritime assistance, medical assistance, emergency calling, employee welfare, passenger assistance and enhanced maritime security, vehicle telemetry, marine vessel tracking, fleet management, and remote field service.

The major players in the maritime satellite communication market covered in the report include Inmarsat communications, Inc., Iridium communications, Inc., Thuraya Telecommunications Company, Hughes Network System LLC., KVH Industries, Inc., VIASAT, Harris Caprock, Royal Imetech N.V., Globecomm Systems Inc., and VT iDirect, Inc. Some of the other players in the market are Speedcast, Navarino, NSSL Global, MTN, and Network Innovation.

The report provides market trends, overall adoption scenarios, and competitive landscape as well as key drivers, restraints, and opportunities in this market. It aims to estimate the current size and future growth potential of this market across different types, service, end user, and regions. The scope of the report also covers analysis of strategies such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations among key vendors in the maritime satellite communication market.

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Content Recommendation Engine Market Dynamics and Industry Trends Forecast to 2022

August 2, 2019 by siddharth mnm  

According to new market research report "Content Recommendation Engine Market by Component (Solution, Service), Filtering Approach, Organization Size, Vertical (E-commerce, Media, Entertainment & Gaming, Retail & Consumer Goods, Hospitality), and Region - Global Forecast to 2022", The content recommendation engine market is expected to grow from USD 1.16 Billion in 2017 to USD 4.95 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.7% from 2017 to 2022.

The market is primarily driven by the increasing focus on enhancing customer experience, need for analyzing large volumes of customer data, and rapid digitalization.

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Based on component, the service segment of the content recommendation engine market is expected to witness the highest growth during the forecast period.

Based on component, the service segment is expected to witness the highest growth during the forecast period. The high growth of the service segment can be attributed to the growing need to simplify the implementation and maintenance of recommendation solution. Complexities in implementing recommendation solution powered by advanced technologies, such as AI and deep learning, are also supporting the growth of the service segment.

Based on organization size, the small and medium enterprises segment of the content recommendation engine market is expected to grow at the highest CAGR during the forecast period.

Based on organization size, the small and medium enterprises segment of the content recommendation engine market is estimated to witness the highest growth during the forecast period, as there is an increase in the deployment of recommendation engine in several small and medium enterprises to grow their online presence and gain a virtual audience.

Based on vertical, the retail & consumer goods segment is expected to grow at the highest CAGR during the forecast period.

Based on vertical, the retail & consumer goods segment of the content recommendation engine market is expected to witness the highest growth due to various benefits offered by customized recommendation engine such as increased customer engagement, customer retention, and high order value to the retail & consumer goods sector. Recommendation engine also helps retail and consumer goods companies to create personalized email campaigns by analyzing user behavior.

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North America is expected to lead the content recommendation engine market in 2017.

North America is estimated to lead the content recommendation engine market in 2017. The growth of the content recommendation engine market can be attributed to continuous technological innovation in the region. The presence of key companies, such as IBM, Amazon Web Services (AWS), Taboola, Outbrain, Revcontent, and Curata in the region is one of the key factors for the growth of the content recommendation engine market.

Some of the major content recommendation engine vendors include Amazon Web Services (US), Boomtrain (US), Certona (US), Curata (US), Cxense (Norway), Dynamic Yield (US), IBM (US), Kibo Commerce (US), Outbrain (US), Revcontent (US), Taboola (US), and ThinkAnalytics (UK).

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