dheeraj pawar

IoT Testing Market Revenues to Expand at a CAGR of 35.4% by 2021

2020-02-05T12:44:35.025Z

According to a new market research report "IoT Testing Market by Testing Type (Functional, Performance, Network, Security, Compatibility, and Usability), Service Type (Professional and Managed), Application Type, and Region - Global Forecast to 2021", The IoT Testing Market size is estimated to grow from USD 302.9 Million in 2016 to USD 1,378.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 35.4%.

The major forces driving the IoT Testing Market include the growing need for Internet Protocol (IP) testing of the increasing number of IoT devices and applications. Moreover, the need for shift left testing of IoT applications and the rising importance of DevOps are also some of the factors which are driving the market. INQUIRY

Major Vendors in IOT Testing Market

The Iot Testing ecosystem comprises vendors providing IoT testing services and solutions to their commercial clients across globe. Companies such Cognizant (U.S.), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Happiest Minds Technologies (India), AFour Technologies (U.S.), SmartBear Software (U.S.), Rapid Value Solutions (U.S.), and Rapid7 (U.S.), and many others have adopted new partnerships, agreements, and collaborations as their key strategy to enhance their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players.

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Network testing is the fastest growing testing type in the IoT Testing Market during the forecast period

Network testing in IoT verifies the working and behaviour of IoT applications with heterogeneous network connections and ensures synchronization of application with all different networking protocols to ensure seamless connectivity across the IoT platform. The primary focus of network testing includes the test of uplink and downlink speed of a network and responsiveness of the network connecting IoT application.

Smart manufacturing application segment is expected to hold the largest market share in the IoT testing market during the forecast period

Smart manufacturing helps the manufacturers to access new and emerging forms of business intelligence. It utilizes all the components of tracking, addressing the complexities of security, interoperability, and intellectual property for manufacturing. IoT testing of smart manufacturing includes highly efficient and automated manufacturing tests, which chooses a wireless communications tester for sophisticated manufacturing devices to perform non-signalling tests on IoT devices. IoT testing in smart manufacturing supports functional, performance, and compatibility testing of smart devices deployed in the manufacturing processes and operations, in order to enhance the manufacturing efficiency and overall productivity.

North America is expected to contribute the largest market share in the IoT testing market during the forecast period

North America is expected to hold the largest market share and dominate the IoT testing market from 2016 to 2021. This region has the major dominance with sustainable and well-established economies, empowering them to strongly invest in the R&D activities, thereby contributing to the development of new technologies. The early adoption of trending technologies such as IoT, big data, DevOps, and mobility in this region has boosted the growth of overall IoT testing services market Organizations are also keen to integrate IoT technologies in their processes, to automate, test, and monitor operations and to boost their operational efficiency and productivity, which contributes to the growth of the IoT testing significantly.

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 pain points 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, and 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, "Knowledge Store" 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.

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Mobile Security Market worth $7.2 billion by 2024

2020-02-04T11:48:01.653Z

According to a new research report "Mobile Security Market by End User (Individual and Enterprise (Solution (Authentication, Application Security, & Device Security), Service, Deployment Mode, Organization Size, Vertical), Operating System (IOS & Android), & Region - Global Forecast to 2024", published by MarketsandMarkets, the global Mobile Security Market size is expected to grow from USD 3.0 billion in 2019 to USD 7.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period.

Major factors fueling the market growth are growing Bring Your Own Device (BYOD) trend in enterprises, and increasing mobile adoption around the world.

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Mobile application security segment to hold the largest market size during the forecast period

Mobile application security solutions are used to protect various applications running on mobile devices. As many new applications are being introduced on popular mobile application marketplaces, such as Google Play store for Android or App Store for iOS, people are using multiple applications for entertainment and utilities. Many of these mobile applications access the sensitive data, hence, the protection of the applications becomes an important task. Mobile application security ensures confidentiality of the data transferred between mobile applications while ensuring transparency and visibility in business processes. This involves the examination of the structure of the mobile applications and the study on how they exchange data in a cohesive manner, as well as identification of the key patches that can be easily exploited by hackers for financial gains. Mobile application security testing solutions make it possible to detect malicious or potentially risky actions in mobile applications, and the findings help businesses and their customers in securing the applications against various forms of cyberattacks.

Among professional services, integration and implementation to grow at the highest CAGR during the forecast period

Professional services are segmented into three parts: training and consulting, integration and implementation, and support and maintenance. The implementation services provided by the mobile security vendors and managed services providers offer the SMEs and large enterprises to efficiently implement mobile identity management solutions, mobile data protection solutions, Mobile Device Management (MDM) solutions, mobile Virtual Private Network (VPN), and mobile application management within the organization. The vendors provide the Small and Medium Enterprises (SMEs) and large enterprises with cohesive services to integrate and firmly implement mobile security solutions within their existing infrastructure. The services provided by these providers include in-depth analysis of the existing infrastructure, layouts planning that suit the business requirement, building and deployment of customizable designs, and assistance by experts and trained professionals for enabling smooth installation of these mobile security solutions with minimum risks and threat exposures. These services additionally provide companies, pilot installation guidelines, and tests that enhance and streamline business values, and techniques to cost-efficiently deploy these services.

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

North America has a high mobile penetration. According to the report named Mobile Economy North America 2018, published by GSMA, unique mobile subscribers in North America exceeded 300 million, accounting for 84% of the population, at the end of 2017. With a high number of unique mobile subscribers, North America represents significant growth opportunities for mobile security solutions providers. North America tops the world in terms of the number of security vendors and security breach incidents. Industries and government organizations in North America are investing heavily in security solutions and services to combat cybercrimes. Growing trends such as Bring Your Own Device (BYOD), Internet of Things (IoT), and the Internet of Everything (IoE) have resulted in tremendous growth in this region; they have also triggered a rise in next-generation threats and added more complexities and concerns to mobile security solutions providers. The growing need to protect critical infrastructure and sensitive data has increased government intervention in recent years. Specific budget allocations and mandated adaptive cybersecurity policies are expected to make North America the most lucrative market for different categories of vendors.

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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.

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Big Data as a Service (BDaaS) Market worth $42.7 billion by 2024

2020-01-31T13:55:17.391Z

According to a new research report "Big Data as a Service (BDaaS) Market by Component (Solutions and Services), Organization Size, Deployment Type, Industry Vertical (BFSI, IT and Telecom, Healthcare and Life Sciences, eCommerce and Retail, and Manufacturing), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global Big Data as a Service (BDaaS) Market size is expected to grow from USD 11.3 billion in 2019 to USD 42.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period.

Key factors driving the Big Data as a Service (BDaaS) Market include the growing demand in industries to gain actionable insights from big data and enormous amount of data generated due to digitization and automation of enterprises across industries.

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Large enterprises segment to hold a larger market size during the forecast period

The adoption of BDaaS solutions is high among large enterprises, as they spend a significant amount to make themselves technologically proficient. Large enterprises have distributed data scattered over various departments. In order to gain valuable insights out of this clustered data, large enterprises are deploying on-demand services to leverage the benefits of cloud-based analysis of big data. They are making significant use of cloud-based analytics to combine their external and internal information and to extract valuable insights out of it. Big data analytics provide enterprises with faster access to their data. Large enterprises also spend a significant amount on training workshops and education to enable their employees to effectively leverage the benefits of BDaaS solutions.

eCommerce and retail segment to grow at the highest CAGR during the forecast period

The data volume of the eCommerce and retail industry has increased significantly in the recent years. Through various omni-channels, vast unstructured data, and social communication, the industry has realized the need to recognize the benefits of big data. BDaaS technologies offer centralized processing of a large chunk of this data. Hence, companies with a strong global presence can access the data of their centralized located offices from anywhere at any time. This industry uses advanced analytical solutions to enhance its customer experience by analyzing the data stored in the form of customer feedbacks. A high social media presence of these companies to increase their market presence increases the amount of big data. eCommerce and retail organizations utilize the benefits of cloud-based storage to store a huge amount of unstructured data due to its cost-effectiveness and deployment capabilities to gain actionable insights.

North America to account for a high market share during the forecast period

The adoption of BDaaS solutions is expected to be the highest in North America as compared to other regions. North America is considered to be the most advanced region in terms of technological adoption. This is due to the presence of various developed economies, including the US and Canada, and their focus on innovations obtained from Research and Development (R&D) and innovative technologies. Organizations and customers in the region have adopted cutting-edge technological solutions. Due to rapid technological developments, customers’ demands in this region are changing swiftly. This is because of the early adoption of advanced technologies, such as advanced analytics, cloud, big data, Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT). The high adoption rate of cloud and related services, and far-reaching cloud network across the region due to the presence of strong cloud service providers further fuels the growth of the market in the region. A direct presence of many major BDaaS vendors in North America, has further added to the high adoption of BDaaS solutions in North America.

Market Players

The global Big Data as a Service (BDaaS) Market comprises major solution providers, such as IBM (US), Oracle (US), Microsoft (US), Google (US), AWS (US), SAP (Germany), Teradata (US), SAS (US), Dell Technologies (US), HPE (US), CenturyLink (US), Splunk (US), Cloudera (US), Salesforce (US), Qubole (US), GoodData (US), Hitachi Vantara (US), IRI (US), 1010data (US), and Guavus (US). The study includes an in-depth competitive analysis of key players in the Big Data as a Service (BDaaS) Market with their company profiles, recent developments, and key market strategies.

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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.

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Advanced Metering Infrastructure Market Revenues to Expand at a CAGR of 15.5% by 2020

2020-01-29T06:10:06.486Z

The report "Advanced Metering Infrastructure Market by Device (Smart Electric, Water, & Gas Meters), by Solution (MDM, Meter Data Analytics, AMI Security, and Meter Communication Infrastructure), by Service, and by Regions - Global Forecast to 2020", The AMI market size is expected to grow from USD 4.48 Billion in 2015 to USD 9.19 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period.

Various benefits of the AMI technology, such as ability to detect outages and facilitation of real-time energy consumption patterns for end-users are expected to create traction for the market in the next five years. The major drivers of this market include increasing global energy demand; government mandates and legislative compliances; and the need for improved customer service level and utility efficiency. INQUIRY

Key Advanced Metering Infrastructure Market Players

The major vendors covered in the AMI market for this study include Cisco Systems, Inc. (California, U.S.), IBM Corporation (New York, U.S.), General Electric (Connecticut, U.S.), Schneider Electric SE (Rueil-Malmaison, France), Itron, Inc. (Washington, U.S.), Aclara Technologies LLC (Missouri, U.S.), Elster Group GmbH (Essen, Germany), Sensus (Raleigh, U.S.), Tieto Corporation (Helsinki, Finland), and Trilliant, Inc. (California, U.S.).

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Increasing integration of Internet of Things (IoT) with smart grid to open major opportunities

The market size for AMI has considerably grown over the past few years and the emergence of disruptive technologies, such as IoT and connected devices has further augmented the opportunity areas for AMI. With the emergence of connected devices, such as home gateways, smart meters, and smart plugs, innovative ways to manage and predict energy usage have come into the picture. Increasing integration of IoT with smart grid opens major opportunities for the growth of the AMI market.

Meter Data Management (MDM) solutions segment is expected to hold the most promising potential for the next five years

The AMI market has been segmented into solutions and services. AMI solutions can range from standalone AMI security, MDM, analytics, and Meter Communication Infrastructure (MCI) to integrated solutions where service providers can provide one stop end-to-end solutions to utilities. The MDM solutions segment is projected to grow at the highest growth rate due to the large amount of data being generated and is crucial for the user, hence it is likely to present the largest market opportunity during the forecast period. AMI services are aimed at enabling smarter and coordinated decision-making by mitigating the risks and vulnerabilities of the AMI infrastructure by the use of efficient tools and techniques.

North America contributes maximum market share currently

North America is expected to have the largest market share and would dominate the AMI market from 2015 to 2020, since rising demand for energy has forced utilities to upgrade the electric and distribution network. The financial soundness of the companies in this region also enables them to invest heavily in the leading tools and technologies for effective energy consumption. Latin America offers potential growth opportunities due to large-scale infrastructure development.

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Smart Railways Market worth $39.0 billion by 2024

2020-01-28T08:15:00.953Z

According to a new research report "Smart Railways Market by Solution (Rail Asset Management & Maintenance, Operation & Control, PIS, Communication & Networking, Security & Safety, and Rail Analytics) and Service (Professional and Managed), and Region - Global Forecast to 2024", published by MarketsandMarkets, the Smart Railways Market to grow from USD 20.5 billion in 2019 to USD 39.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period.

Major factors expected to drive the growth of the Smart Railways Market include technological advancements targeted toward the enhancement of customer experience, government initiatives for smart cities and Public-private partnership (PPP) working model, and adoption of Internet of Things (IoT) and automation technologies to enhance optimization.

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By offering, the services segment to account for a higher CAGR during the forecast period

The demand for smart railways services is driven by the growing number of passengers each year. Rail companies fully rely on efficient and reliable asset operations and rail infrastructure to successfully meet these growing demands. The increase in deployment of smart railways solution is driving the demand for both professional and managed services.

By solution, the rail analytics segment to account for the highest CAGR during the forecast period

The rail analytics system segment is projected to grow at a highest CAGR during the forecast period. This growth can be attributed to increase in the use of analytics for improvement in asset utilization and reduce inventory. The system further enables railways to estimate resource requirements and probable congestion patterns during route planning.

Europe to hold the largest market size during the forecast period

European countries have made major investments to modernize and upgrade the existing rail infrastructure. The UK, Germany and France are major contributors to the growth of the Smart Railways Market in Europe. Social and trade agreements among the European Union (EU) countries have promoted large-scale, cross-border trade, and passenger traffic across Europe. The dynamics of the rail industry in Europe are changing rapidly with new freight and passenger management systems. To boost the efficiency of the existing infrastructure, several European countries are expected to adopt new smart railways solutions.

Market Players

Major vendors in the Smart Railways Market include Alstom (France), Cisco Systems (US), Wabtec (US), ABB (Switzerland), IBM (US), Hitachi (Japan), Huawei (China), Indra (Spain), Siemens (Germany), Honeywell (US), Bombardier (Canada), Thales (France), Advantech (Taiwan), Fujitsu (Japan), Toshiba (Japan), Alcatel-Lucent Enterprises (France), Moxa (Taiwan), EKE-Electronics (Finland), Televic (Belgium), and Aitek (Italy).

About MarketsandMarkets™

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.

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IoT Middleware Market Revenues to Expand at a CAGR of 23.7% by 2023

2020-01-27T11:40:01.299Z

The report "IoT Middleware Market by Platform Type (Device, Application, and Connectivity Management), Organization Size (Large Enterprises and SMES), Vertical (Manufacturing, Government & Defense, Automotive & Transportation), and Region - Global Forecast to 2023", The global IoT middleware market size is expected to grow from USD 6.9 billion in 2018 to USD 19.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.

Major driving factors for the IoT middleware market are the growing need for centralized monitoring, increased cloud adoption, increase in regulatory compliance, evolution of high speed network technologies, and rising adoption of next-generation technologies. INQUIRY

Key IoT Middleware Market Players

Major vendors in the IoT middleware market include IBM (US), PTC (US), SAP (Germany), Cisco (US), Alphabet (US), Amazon (US), Hitachi (Japan), HPE (US), Bosch (Germany), Microsoft (US), Salesforce (US), Oracle (US), GE (US), Siemens (Germany), and Schneider Electric (France).

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Large enterprises segment to account for a higher market share during the forecast period

The large enterprises segment is expected to have the largest market size in the IoT middleware market, due to their early adoption of IoT platform and high investment capabilities. In addition to this, large enterprises are investing in IoT platform and associated services to cater to the dynamic customer needs, streamline business operations, and enhance the experience of the stakeholders. Moreover, affordability of resources and high economies of scale enable these organizations to leverage the benefits of IoT platform.

Manufacturing vertical to account for the highest market share during the forecast period

Manufacturing organizations are moving toward Industry 4.0, wherein smart devices and automation would work together in an entirely new way. In Industry 4.0, robotics is connected remotely to computer systems equipped with Machine Learning (ML) and Artificial Intelligence (AI) algorithms, which can learn and control robots with minimal inputs. The Industry 4.0 includes cyber-physical systems, which monitor physical processes of factories and make decentralized decisions. IoT is at the center of factory automation and Industry 4.0, and helps organizations streamline their business processes and optimize operations. IoT platforms enable connectivity between various layers and the application layer. IoT platforms help manufacturing companies to automate processes and manage supply chains.

Device management segment to account for the highest market share during the forecast period

With the deployment of IoT ecosystems, a large number of devices are being connected, which range from small sensors and single-purpose microcontrollers to powerful gateways that connect the devices to the server. These ecosystems need a single platform that can manage the information and applications across a variety of devices. The device management platform provides capabilities, such as provisioning and authentication, configuration and control, monitoring and diagnostics, software updates, and maintenance. Device management platforms assist organizations in effectively managing and tracking, and securing the devices used in the organization.

North America to account for the highest market share during the forecast period

North America is the dominant region for IoT platform deployment and progressive in terms of technology adoption. The region comprises US and Canada. The US accounts for the highest market share in the IoT middleware market. The US and Canada are also the early adopters of trending technologies, such as IoT, big data, and mobility, and it would provide significant growth opportunities for IoT platform vendors.

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Connected Agriculture Market Revenues to Expand at a CAGR of 19.3% by 2023

2020-01-24T10:00:22.170Z

According to a new market research report "Connected Agriculture Market by Component (Solution, Platforms, and Services), Application (Pre-Production Planning and Management, In-Production Planning and Management, and Post-Production Planning and Management), and Region - Global Forecast to 2023", The connected agriculture market is expected to grow from USD 1.8 billion in 2018 to USD 4.3 billion by 2023, at a CAGR of 19.3% during the forecast period.

Need to increase farm yield and reduce labor cost, and rising government initiatives for modernizing the agriculture industry are some of the major factors driving the growth of the connected agriculture market globally. INQUIRY

Key Connected Agriculture Market Players

Major vendors offering Connected Agriculture solutions, platforms, and services across the globe include IBM (US), Microsoft (US), AT&T (US), Deere & Company (US), SAP SE (Germany), Accenture (Ireland), Cisco (US), Oracle (US), Iteris (US), Trimble (US), SMAG (France), Ag Leader Technology (US), Decisive Farming (Canada), Gamaya (Switzerland), and SatSure (UK).

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The pre-production planning and management segment is expected to hold a larger market size in the global connected agriculture market during the forecast period

Inefficiencies in planting, weather uncertainty, pests and disease outbreaks, rising labour costs, and other intangible problems have put farmers in a situation where they are desperately looking out for solutions backed up with emerging technologies. Pre-production planning and management involve the use of connected agriculture solution to analyze and correlate information about field, crop, types of seeds, types of soil or infestations, weather, and manage variations in the field to grow more crops using fewer resources with less production cost. Hence, the pre-production planning and management segment is expected to hold the largest market size during the forecast period.

The services segment is expected to grow at the fastest CAGR during the forecast period

Connected agriculture services are gaining popularity worldwide owing to its extensive benefits in increasing farm productivity. Connected agriculture services have a wide scope of usage, ranging from feasibility analysis, strategy and implementation, and valuations and development of farm, to crop selection and weather monitoring. This has created opportunities for vendors to provide services to farmers and help them improve their limited knowledge by fulfilling a technological gap.

North America is estimated to have the largest market size during the forecast period

North America is estimated to account for the highest share of the market in 2018. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies. Majority of farmers or growers in the region have deployed connected agriculture solutions to improve their farming operations. Moreover, the North American region exhibits a wide presence of key industry players offering connected agriculture solutions and its financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

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Traffic Management Market Revenues to Expand at a CAGR of 13.7% by 2023

2020-01-23T12:38:10.899Z

According to a new market research report "Traffic Management Market by Solution (Smart Signaling, Route Guidance and Optimization, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, and Surveillance Cameras), Service, System, and Region - Global Forecast to 2023", The traffic management market size is expected to grow from USD 26.7 billion in 2018 to USD 50.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period.

The major factors driving the traffic management market include high demographic growth and hyper-urbanization in developing countries and the government initiatives for traffic management under smart cities models. INQUIRY

Key Traffic Management Market Players

The major vendors covered in the traffic management market include Accenture PLC (Accenture), Cellint (Cellint), Cisco Systems, Inc. (Cisco), Ciitilog (Citilog), Cubic Corporation (Cubic), EFKON INDIA PRIVATE LIMITED (EFKON),Esri (Esri),FLIR Systems, Inc. (FLIR),Garmin Ltd. (Garmin), IBM Corporation (IBM), Indra Sistemas, S.A. (Indra), Industrial Management Technology & Contracting LLC (IMTAC), IntelliVision (IntelliVision), Iteris, Inc (Iteris),Jenoptik AG (Jenoptik), Kapsch TrafficCom (Kapsch TrafficCom), Lanner Electronics Inc. (Lanner Electronics), LG CNS (LG CNS), Metro Infrasys Pvt. Ltd. (Metro Infrasys), PTV Planung Transport Verkehr Group (PTV Group), Q-Free A.S.A (Q-Free), Siemens AG (Siemens), SWARCO AG (SWARCO), and TransCore (TransCore).

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Route guidance and route optimization segment holds the largest market share

The route guidance and optimization software helps in regulating traffic flows to make efficient use of the existing road infrastructures. Furthermore, it reduces the traveling time and distance for drivers. It shows the best possible route that has less traffic congestion and disruptions. It also enables drivers to get real-time information about the traffic congestion, accidents, and other such events on the roads they plan to drive on. The route guidance and optimization software uses automatic feedback controls from a real-time traffic situation. The software offers features, such as static guidance, dynamic guidance, and dynamic guidance with prediction

Surveillance cameras segment is expected to hold the largest market share

The surveillance cameras segment is expected to gain the highest traction in the traffic management market during the forecast period. Surveillance cameras are an innovative and extremely useful video surveillance technology in traffic monitoring and control. Further, the cameras record traffic patterns for future studies, observe and monitor traffic flow, and issue tickets in case someone violates traffic rules. Traffic cameras are an extremely popular form of video surveillance. Surveillance cameras offer several advantages to the commuters. They provide valuable data of traffic and vehicles, which is maintained by the state departments of transportation.

Deployment and integration segment is estimated to hold the largest market share

The deployment and integration segment is expected to have the largest market share and projected to grow at the highest CAGR during the forecast period. Deployment and integration services help in reducing the deployment and integration time of the traffic management solutions. These services are crucial for developing end-to-end traffic smart signalling, route guidance, traffic analytics, and smart surveillance solutions for the traffic management market.

Dynamic Traffic Management System (DTMS) segment is expected to hold the largest market size

The DTMS segment is expected to have the fastest growth rate during the forecast period. There has been an increasing demand for traffic management systems, specifically for the dynamic traffic management that simulates various traffic data gathered by multiple sensors, cameras, and software. In addition, with the growing deployment of traffic management systems among the traffic control and management operators, the demand for DTMS has grown exponentially. This system helps traffic operators to control and manage traffic more dynamically eliminating any security risk and logistical cost associated with traditional traffic management systems.

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Deep Packet Inspection and Processing Market worth $12.5 billion by 2024

2020-01-22T11:40:19.101Z

According to a research report "Deep Packet Inspection and Processing Market by Component (Solutions and Services), Solution Type (Hardware and Software), Installation Type (Integrated and Standalone), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global deep packet inspection and processing market size is expected to grow from USD 8.7 billion in 2019 to USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2024.

The major factors driving the deep packet inspection and processing market include the continuous evolution of cyberattacks and their corresponding security solutions, need for modern network performance management and optimization solutions. The growing need to meet compliance requirements, increasing advancements in the communication technology, and soaring need to counter fraudulent activities in several verticals are fuelling the demand for installing deep packet inspection and processing solutions in various organizations across the globe.

Browse 164 market data Tables and 34 Figures spread through 181 Pages and in-depth TOC on "Deep Packet Inspection and Processing Market - Global Forecast to 2024"

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By organization size, the large enterprises segment to hold a significant share in the global Deep Packet Inspection and Processing Market in 2019

Large enterprises are organizations that have more than 1,000 employees. These organizations invest heavily in advanced technologies for increasing overall productivity and efficiency. To reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) of infrastructure, large enterprises are widely opting cloud-based deep packet inspection and processing solutions. Large enterprises are expected to invest significantly in implementing advanced deep packet inspection and processing solutions that are capable of anomaly-based detection to provide optimum security to their intense competitive environment.

Large enterprises have adopted cloud security solutions, as they use a large number of cloud and Internet of Things (IoT)-based applications susceptible to cyberattacks. Moreover, as they face threats from targeted attacks to disrupt their Information Technology (IT) services, these organizations adopt deep packet inspection and processing solutions to provide effective security.

Based on verticals, the IT and telecom vertical to hold a significant share in the global Deep Packet Inspection and Processing Market during the forecasted period

IT and telecom is one of the major adopters of deep packet inspection and processing solutions. It has been a highly regulated and competitive industry that always processes a majority of the private data of its customers. The increased integration of ICT with the daily activities of industries, governments, families, and consumers, along with the increasing sophistication of cyberattacks, has led the telecom and IT vertical to focus more on their cybersecurity activities. Telecom organizations typically store personal data such as names, addresses, and financial data, which is a compelling target for cybercriminals or insiders. Thus, factors such as the use of Voice over internet protocol (VoIP) calls, storage of data on cloud services, mobility and cloud computing, and extensive use of platform-as-a-service in enterprises are expected to fuel the demand for deep packet inspection and processing solutions in the IT and telecom vertical.

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

North America dominates the global Deep Packet Inspection and Processing Market, as the growth in the region is being driven by the rising internet penetration and increasing adoption of cloud-based and IoT applications across verticals. Moreover, North America tops the world in terms of security breach incidents. Therefore, the global market is dominated by North America that is considered to be the most advanced region with regard to cyber technology adoption and infrastructure.

Other factors pushing the Deep Packet Inspection and Processing Market in this region are enormous usage of smart handheld devices, rapidly growing eCommerce, and friction among the competing countries in different regions. The strict announcement by the US government that no funding would be allocated to business projects unless cybersecurity is properly addressed in the mission is also arousing a sense of cyber awareness among the businesses in North America.

Market Players

The major vendors covered in the Deep Packet Inspection and Processing Market include IBM (US), Cisco Systems (US), Extreme Networks (US), Juniper Networks (US), Symantec (US), SolarWinds (US), Viavi Solutions (US), NetScout (US), LogRhythm (US), Qosmos (France), Cubro Network Visibility (Austria), Lionic Corporation (Taiwan), Trovicor (Taiwan), Netronome (US), Sandvine (Canada), Huawei (China), Bivio Networks (US), Ipoque (Germany), ManageEngine (US), and WiseSpot (Hong Kong).

Content Source: https://www.marketsandmarkets.com/PressReleases/deep-packet-inspection-processing.asp

Personal Cloud Market worth $73.4 billion by 2024

2020-01-21T10:46:54.238Z

According to a new research report "Personal Cloud Market by Revenue Type (Direct Revenue and Indirect Revenue), User Type (Enterprises and Consumers), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast to 2024", global Personal Cloud Market size is expected to grow from USD 23.7 billion in 2019 to USD 73.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast period.

The proliferation of digital content and upsurge in internet usage are some of the major factors driving the growth of the market.

Browse 116 market data Tables and 30 Figures spread through 145 Pages and in-depth TOC on "Personal Cloud Market by Revenue Type (Direct Revenue and Indirect Revenue), User Type (Enterprises and Consumers), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America) - Global Forecast to 2024"

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The direct revenue segment is expected to account for a higher market share during the forecast period

In the Personal Cloud Market, generally, players follow the freemium pricing model for a trial period. Direct revenues in the Personal Cloud Market consist of revenues generated from the subscription being offered to consumers and other enterprises. The direct revenues are also generated from the sale of Network-Attached Storage (NAS) devices. The major part of direct revenue comes from North America and Europe, as users in these regions follow subscription-based pricing for easy access. In the coming 5 years, most of the users are expected to start using paid services with the rise in the demand for personal cloud services.

The consumer segment to grow at a higher CAGR during the forecast period

Technological advancements have completely revolutionized the cloud offerings to customers, earlier available only for personal computers. The mobile devices have been recognized to be more competent in handling diverse applications. This has further given rise to the need to access personal cloud-based applications from mobile devices. The consumers, nowadays, are using a variety of personal cloud apps, which include apps for media and entertainment, travel and navigation, and healthcare verticals. The easy availability of various consumer apps that are easy to configure and deploy, secure and scalable to use, and cater to the instantaneous needs to be virtually connected all the time has facilitated the rise in mobile cloud app usage by customers.

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North America is estimated to lead the personal cloud industry during the forecast period

North America is expected to account for the highest share of the Personal Cloud Market in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adoption of advanced technologies. The North American region exhibits a wide presence of key industry players offering personal cloud solutions and services, and its financial position enables it to invest majorly in leading tools and technologies for effective business operations.

Market Players:

Major vendors in Personal Cloud Market are Google (US), Microsoft (US), Apple (US), Dropbox (US), AWS (US), Box (US), Seagate (US), Western Digital (US), Synchronoss (US), Egnyte (US), Buffalo Technology (Japan), Funambol (US), SugarSync (US), D-Link (Taiwan), ElephantDrive (US), ownCloud (Germany), Cloudike (US), SpiderOak (US), pCloud (Switzerland), and Tresorit (Switzerland) are some of the leading companies operating in this market.

Content Source: https://www.marketsandmarkets.com/PressReleases/personal-cloud.asp