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MarketsandMarkets forecasts the global image recognition in CPG market size is expected to grow USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecasting period. The major image recognition in CPG market vendors include IBM (US), Google (US), Qualcomm (US), Microsoft (US), AWS (US), Trax (Singapore), Catchoom (Spain), Slyce (US), LTU Tech (France), Imagga (Bulgaria), Vispera(Turkey), Blippar(UK), Ricoh innovations (US), Clarifai(US), Deepomatic (France), Wikitude (Austria), Huawei (China), Honeywell (US), Toshiba (Japan), Oracle (US).
The Lease management market size is expected to grow USD 5.9 billion by 2025, at a CAGR of 5.9% during the forecast period. Market players profiled in this report include Accruent (US), IBM (US), Oracle (US), RealPage (US), SAP (Germany), Trimble (US), AppFolio (US), Odessa (US), CoStar Group (US), Nakisa (Canada), LeaseAccelerator (US), LeaseQuery (Singapore), Spacebase (US), RAAMP (US). These players offer various lease management solutions and services to cater to the demands and needs of the market. Major growth strategies are adopted by the players including acquisitions, partnerships, collaborations and agreements, and new product launches/product enhancements.
The Cloud System Management Market is expected to grow from USD 10.6 billion in 2020 to USD 31.4 billion by 2025, at a CAGR of 24.1% during the forecast period. The cloud system management market includes major vendors, such as VMware (US), Microsoft (US), IBM (US), Cisco (US), BMC Software (US), New Relic (US), Splunk (US), ServiceNow (US), Dynatrace (US), Datadog (US), Google (US), Micro Focus (UK), Oracle (US), Broadcom (US), AWS (US), Flexera (US), ScienceLogic (US), Puppet (US), HPE (US), Turbonomic (US), Apptio (US), Chef (US), Densify (US), Riverbed (US).
The Audio Communication Monitoring Market is expected to grow from USD 1.8 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 19.1% during the forecast period. Key and emerging market players include NICE (Germany), Cisco (US), IBM (US), Enghouse Interactive (US), Google (US), AudioCodes (Israel), Integrated Research (Australia), Martello Technologies (Canada), Nuance Communication (US), Avaya (US), Veritone (US), Relativity (US), PathSolutions (US), Empirix (US), Genesys (US), Nectar (US), Behavox (US), Vyopta (US), Intelligent Voice (UK), Ameyo (India), Elastix (Spain), Dashbase (US), Ribbon Communications (US), Deepgram (US), Haloocom (India), Toku (Singapore), Servetel (India), CloudTalk (India), Dialer360 (UK), and JustCall (UK).
The global Integrated Workplace Management System (IWMS) market size is expected to grow USD 4.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.5 % during the forecasting period. Key market players profiled in this report include IBM (US), Oracle (US), Trimble (US), Planon (Netherlands), Accruent (US), Archibus (US), Service Works Global (United Kingdom [UK]), Causeway (UK), SAP (Germany), FSI (FM Solutions) (UK), FM: Systems (US), iOFFICE (US), Spacewell (Belgium), MRI Software (US), Facilio (US), zLink (US), Nuvolo (US), VLogic Systems (US), Rapal (Finland), AssetWorks (US), Smartsheet (US), SIERRA (India), OfficeSpace (US), IDASA SISTEMAS (Spain), Collectiveview (US), Budgetrac (US), Tango (US), QuickFMS (US), and ServiceChannel (US). These players offer various IWMS solutions to cater to the demands and needs of the market. Major growth strategies are adopted by the players including partnerships, collaborations and agreements, and new product launches/product enhancements.
MarketsandMarkets forecasts the global image recognition in retail market size is expected to grow USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast period. Google (US), Microsoft (US), AWS (US), IBM (US), Trax (Singapore), NEC Corporation (Japan), Qualcomm (US), Slyce (US), Catchoom (Spain), Intelligence Retail (US), Imagga (Bulgaria), Vispera (Turkey), Snap2Insight (US), ParallelDots (US), Clarifai (US), Deepomatic (France), Blippar (UK), Ricoh Innovations (US), LTU (France), ShelfWise (Poland), Trigo (Israel), Wikitude (Austria), Standard Cognition (US), Huawei (China), Honeywell (US), and Zippin (US) are some of the major companies operating in this market.
The global adaptive learning market size is expected to grow USD 5.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. Major vendors of adaptive learning include McGraw-Hill (US), Pearson (UK), Curriculum Associates (UK), Wiley (US), Istation (US), Area9 Lyceum(US), ScootPad (US), CogBooks (UK), VitalSource (US), DreamBox (US), Impelsys (US), Mathspace (Australia), Fulcrum Labs (US), Knowre (US), Follett (US), Imagine Learning (US), Cerego (US), Realizeit (US), K12 (US), and Houghton Mifflin Harcourt (US).
MarketsandMarkets projects the consent management market is expected to grow USD 765 million by 2025, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. Major vendors operating in the consent management market include OneTrust (OneTrust, LLC.), Quantcast, Cookiebot (Cybot A/S), iubenda (iubenda s.r.l), Trunomi (Trunomi Ltd.), TrustArc (TrustArc Inc.), Crownpeak (Crownpeak Technology, Inc.), Piwik PRO (Piwik PRO Sp. z o.o.), BigID (BigID, Inc.), CIVIC, SAP SE (SAP), Sourcepoint, HIPAAT (HIPAAT International Inc.), Didomi (DIDOMI), Osano (Osano, Inc.), Otonomo (Otonomo Technologies Ltd.) , PossibleNOW (PossibleNOW, Inc.), Verizon Media, Usercentrics (Usercentrics GmbH), Secure Privacy, and Rakuten Advertising (Rakuten, Inc.).
The global facial recognition market is expected to grow from USD 3.8 billion in 2020 to USD 4.5 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. The use of these technologies is also seen in the banking sector. The digital channels provide banks with data quickly and securely from the customers. Hong Kong, Singapore, South Korea are among the countries that already have digital banking licenses. Several banks in Asia are implementing new technologies. For example, Seven Bank of Japan is using facial recognition technology in its ATMs so that the customers can open their accounts directly from the machines for which it is not required to visit banks. According to McKinsey, it is found that 55% to 80% of people preferred accessing their accounts digitally.
The Award Management Software Market is expected to grow from USD 559 million in 2020 to USD 856 million by 2025, at a CAGR of 8.9% during the forecast period. Major vendors offering award management solution and services across the globe includes Blackbaud (US), WizeHive (US), Submittable (US), Evalato (Spain), Award Force (Australia), SmarterSelect (US), Reviewr (US), Eventsforce (UK), Currinda (Australia), AwardStage (UK), AcclaimWorks (England), Judgify (Singapore), Untap Compete (Egypt), OpenWater (US), omniCONTESTS (US), eAwards (Philippines), alpha awards (Austria), Omnipress (US), Submit.com (Ireland) and RhythmQ (Canada).
The global workforce management market size expected to grow USD 9.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. Major vendors in the global workforce management market include Oracle (US), Kronos (US), ADP (US), SAP (Germany), Ultimate Software (US), WorkForce Software (US), IBM (US), Workday (US), Ceridian (US), Verint (US), Reflexis Systems (US), ATOSS (Germany), NICE (US), SumTotal (US), Infor (US), Meta4 (Spain), Ramco Systems (India), TimeClock Plus (US), Replicon (US), and Mark Information (Denmark). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global workforce management market further.
The low-code development platform market is expected to grow from USD 13.2 billion in 2020 to USD 45.5 billion by 2025 at a compound annual growth rate (CAGR) of 28.1% during the forecast period.The vendors covered in the market report include Salesforce (US), Microsoft (US), Appian (US), Oracle (US), Pegasystems (US), Magic Software Enterprises (US), AgilePoint (US), OutSystems (US), Zoho (India), Quick Base (US), LANSA (US), Fujitsu RunMyProcess (France), Netcall (UK), WaveMaker (US), and K2 (US).
The global enterprise data management market size is expected to grow USD 122.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The enterprise data management market comprises major solution providers, such as IBM Corporation (US), SAS Institute Inc. (US), Teradata Corporation (US), Oracle Corporation (US), SAP SE (Germany), Talend (US), Symantec (US), Cloudera, Inc. (US), Ataccama (Canada), Informatica (US), Mindtree Limited (India), Qlik (US), EnterWorks, Inc. (US), MapR (US), GoldenSource Corporation (US), Amazon Web Services, Inc. (US), MuleSoft, LLC. (US), Micro Focus International plc (UK), Zaloni, Inc. (US), and Actian (US). The study includes the in-depth competitive analysis of the key players in the enterprise data management market with their company profiles, recent developments, and key market strategies.
MarketsandMarkets forecasts the global subscription & billing management market size is expected to grow USD 7.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. Key and emerging market players in the US include 2Checkout (US), Apttus (US), Aria Systems (US), BillingPlatform (US), Chargebee (US), Chargify (US), Gotransverse (US), Recurly (US), SaaSOptics (US), Salesforce (US), Vindicia (US), Zuora (US), Digital River (US), NetSuite (US), FastSpring (US), and Zoho (US). These players have adopted various strategies to grow in the subscription & billing management market.
The revenue management market is expected to grow USD 22.4 billion by 2024, at a CAGR of 9.6% during the forecast period. Major vendors of include Huawei (China), Amdocs (US) Oracle (US), Netcracker (Japan), CSG (US), Ericsson (Sweden), Cerillion (UK), Mahindra Comviva (India), Optiva (Ireland), SAP (Germany), Accenture (Ireland), Enghousenetworks(Canada), Accelya (India), HQ Revenue (Germany), IDeaS (US), ZuoraREVPRO (2007), R1RCM (US), Workday (US), Fiserv (US), Apttus (US), and Infor (US).
The Business Process Management (BPM) market size is expected to grow USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. Key market players profiled in this report are Pegasystems (US), Appian (US), IBM (US), Oracle (US), Software AG (Germany), Nintex (US), OpenText (Canada), Newgen Software (India), Genpact (US), TIBCO (US), Bizagi (UK), ProcessMaker (US), Creatio (US), AgilePoint (US), BP Logix (US), K2 (US), Bonitasoft (France), Kissflow (India), Kofax (US), and AuraPortal (US).
MarketsandMarkets estimates the global Big Data as a Service (BDaaS) market size to grow USD 42.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period. The global 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 BDaaS market with their company profiles, recent developments, and key market strategies.
The Sales Intelligence Market is expected to grow from USD 2.0 billion in 2019 to USD 3.4 billion by 2024, at a CAGR of 11.4% during the forecast period. The sales intelligence market comprises major providers, such as DiscoverOrg (US), Dun & Bradstreet (US), LinkedIn (US), Oracle (US), Demandbase (US), InsideView (US), Clearbit (US), HG Insights (US), LeadGenius (US), InfoGroup (US), UpLead (US), RelPro (US), DueDil (UK), EverString (US), RingLead (US), Gryphon Networks (US), List Partners (US), FullContact (US), Zoho (US), and Yesware (US). The study includes the in-depth competitive analysis of these key players in the sales intelligence market with their company profiles, recent developments, and key market strategies.
Global Grant Management Software Market size is expected to grow USD 1.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. Major vendors offering grant management solution and services across the globe includes WizeHive (US), Submittable (US), Oracle (US), Workday (US), Salesforce (US), eCivis (US), Benevity (Canada), SmarterSelect (US), Foundant Technologies (US), Blackbaud (US), Sage (England), SurveyMonkey(Canada), Fluxx (US), Award Force (Australia), Evalto (Spain), Fluent Technology (UK), HTC Global Services (US), ZoomGrants (US), CyberGrants (US) and Altum (US).
Document Analysis Market size is expected to grow USD 3,855 million by 2024, at a CAGR of 54.5% during the forecasting period. ABBYY (US), WorkFusion (US), Kofax (US), IBM (US), AntWorks (Singapore), Parascript (US), Automation Anywhere (US), Datamatics (India), Hyland (US), Extract Systems (US), HyperScience (US), OpenText (Canada), Infrrd (Belarus), Celaton (UK), HCL Technologies (India), Kodak Alaris (UK), Rossum (Czech Republic), InData Labs (US), Ephesoft (US) , and IRIS (Belgium) are some of the leading companies operating in this market.
Proposal Management Software Market size is expected to grow USD 3.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period. Key and emerging market players include Icertis (US), Microsoft (US), Deltek (US), WeSuite (US), GetAccept (US), Nusii (Spain), iQuoteXpress (US), Sofon (Netherlands), Tilkee (France), Practice Ignition (Australia), Bidsketch (US), RFPIO (US), Proposify (Canada), PandaDoc (US), Bidrik (Sweden), Better Proposals (England), Aarav Software (India), Zbizlink (US), Nibaal (India), and Privia (US). These players have adopted various strategies to grow in the proposal management software market.
Contract management software market is expected to grow USD 2.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. Key and emerging market players include Aaveneir (US), Agiloft (US), Apptus (US), CLM Matrix (US), CobbleStone Software (US), Conga (US), Concord (US), ContractWorks (US), ContractsWise (UK), Coupa (US), Determine (US), DocuSign (US), IBM (US), Icertis (US), GEP (US), HighQ (UK), JAGGAER (US), SAP Ariba (US), Synertrade (France), Trackado (Sweden), and Zycus (US). These players have adopted various strategies to grow in the contract management software market.
The AI in Fashion Market is expected to grow from USD 228 million in 2019 to USD 1,260 million by 2024, at a CAGR of 40.8% during the forecast period. The AI in fashion market comprises major solution providers, such as Microsoft (US), IBM (US), Google (US), AWS (US), SAP (Germany), Facebook (US), Adobe (US), Oracle (US), Catchoom (Spain), Huawei (China), Vue.ai (US), Heuritech (France), Wide Eyes (Spain), FINDMINE (US), Intelistyle (England), Lily AI (US), Pttrns.ai (Netherlands), Syte (Israel), mode.ai (US), and Stitch Fix (US). The study includes the in-depth competitive analysis of the key players in the AI in fashion market with their company profiles, recent developments, and key market strategies.
The global crowdsourced security market size is expected to grow USD 135 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period. Key and emerging market players include Applause (US), Bugcrowd Inc. (US), Cobalt Labs Inc. (US), Detectify (Sweden), HackerOne (US), passbrains (Germany), Rainforest (US), Synack (US), and Zerocopter (Netherlands). These players have adopted various strategies to grow in the global crowdsourced security market.
Field Force Automation Market is expected to grow USD 2.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. The field force automation market comprises significant solution providers, such as ServiceMax (US), IFS (Sweden), Microsoft (US), SAP (Germany), Oracle (US), Trimble (US), ClickSoftware (US), Salesforce (US), Astea (US), FieldEZ (India), BT, Accruent (US), Acumatica (US), Folio3 (US), LeadSquared (India), Kloudq (India), Appobile Labs (India), Mize (US), Nimap Infotech (India), and Channelplay (India). The study includes the in-depth competitive analysis of these key players in the field force automation market with their company profiles, recent developments, and key market strategies.
The global technical illustration software market size is expected to grow USD 5.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period. The major technical illustration software market vendors include Adobe (US), PTC (US), Lattice Technology (Japan), QuadriSpace (US), Corel (Canada), Canvas GFX, (US), Cyient (India), Ignite Technologies (US), Dassault Systèmes (France), Autodesk (US), Siemens (Germany), and SAP (Germany).
The global configuration management market size is expected to grow USD 3.3 billion by 2024, at a CAGR of 15.1% during 2019–2024. Major vendors covered in the configuration management market include Microsoft (US), AWS (US), Oracle (US), BMC Software (US), IBM (US), Alibaba Cloud (China), CA Technologies (US), Puppet (US), Ansible (US), Chef (US), Micro Focus (UK), CloudBees (US), Northern Tech AS (Norway), Canonical (UK), SaltStack (US), Octopus Deplot (Australia), JetBrains (Czech Republic), Codenvy (US), and ServiceNow (US).
MarketsandMarkets forecasts the debt collection software market is expected to grow USD 4.6 billion by 2024, at a CAGR of 9.6% during forecasting period. 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.
The Accounts Payable Automation Market is expected to grow from USD 1.9 billion in 2019 to USD 3.1 billion by 2024, at a CAGR of 11.0% during the forecast period. The major vendors in the AP automation market are SAP Ariba (US), Sage Software(UK), Tipalti (US), FreshBooks (Canada), Zycus (US), FIS (US), Bottomline Technologies (US), Coupa Software (US), Comarch (Poland), FinancialForce (US), AvidXchange (US), Vanguard Systems (US), Bill.Com (US), Procurify (Canada), and Nvoicepay (US).
The global microlearning market size is expected to grow USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. The major vendors in the microlearning market are Saba Software (US), Mindtree (India), Axonify (Canada), IBM (US), Bigtincan (US), SwissVBS (Canada), iSpring Solutions (US), Epignosis (US), Cornerstone OnDemand (US), Qstream (US), Pryor Learning Solutions (US), count5 (US), mLevel (US), Gnowbe (US), Trivantis (US), SweetRush (US), Multiversity (India), and Neovation Learning Solutions (Canada).
The global procurement as a service market size is projected to grow from USD 5.4 billion in 2019 to USD 7.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. The major procurement as a service vendors includes Accenture (Ireland), Infosys (India), GEP (US), Genpact (US), Proxima (UK), WNS (India), Capgemini (France), IBM (US), Wipro (India), HCL Technologies (India), TCS (India), Xchanging (UK), Aegis (India), Corbus (India), and CA Technologies (US).
The underground utility mapping market is expected to grow from USD 842 million in 2019 to USD 1.4 billion by 2024, at a CAGR of 11.0% during forecast period. The market is segmented based on component (technological solutions & services), technological solutions (Electromagnetic Induction (EMI), Ground Penetrating Radar (GPR), and others), services (professional [surveying and mapping, training and education, and consulting] and managed services), verticals and region. The major vendors in the underground utility mapping market are Hexagon Geosystems (Sweden), Sensors & Software (Canada), Vivax-Metrotech (US), Enviroscan (US), multiVIEW Locates (Canada), Guideline Geo (Canada), US Radar (US), Global Detection Solution (Malaysia), Plowman Craven (UK), GSSI (US), ProStar Geosorp (US), Underground Services (US), Utility Mapping (Australia), Maverick Inspection (Canada), and Cardno (Australia).
The global Application Lifecycle Management (ALM) market size is projected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% from 2019 to 2024. The ALM market saw a rise mainly due to the increase in the adoption rate of ALM tools to shorten the release time and time-to-market. Adoption of new methodologies, such as Agile and DevOps, has an impact on customer experience. Key market players profiled in this report include Atlassian(Australia), IBM(US), Microsoft(US), Micro Focus(UK), CollabNet(US), Broadcom(US), Digite(US), Inflectra(US), Intland(Germany), Perforce(US), and Siemens(Germany). The players offer various ALM solutions to cater to the demands and needs of the market. Major growth strategies adopted by the players include partnerships, collaborations and agreements, and new product launches/product enhancements.
Digital asset management is adopted by companies across the globe to reduce the rising costs and to standardize business processes across the organization. Thus, due to increased digitization and mobility among enterprises, digital asset management providers are increasing their efforts to boost their revenues. The strategic acquisition is an important strategy adopted by key market players to develop new services and gain traction in the digital asset management market. MarketsandMarkets forecasts the digital asset management market to grow from USD 2.4 billion in 2017 to USD 5.7 billion by 2022, at a CAGR of 18% during the forecast period. Digital asset management includes managed business, network, security, data center, and mobility services. There are several renowned vendors in the digital asset management market, such as Adobe Systems Incorporated (U.S.), OpenText Corporation (Canada), Bynder (Netherlands), MediaBeacon, Inc. (US), Cognizant (US), CELUM (Austria), Canto, Inc. (US), and Widen (US).
The global application transformation market size to grow from USD 9.7 billion in 2019 to USD 16.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.6% during 2019–2024. The emergence of cloud and big data technologies has taken the transformation process to a new and advanced level. The enterprises are striving to achieve a competitive advantage, which can be achieved with the application transformation process in place. The constant need to be updated with new technologies and enhance the Return on Investment (ROI) requires a scientific approach and agile methodology to mitigate the key risks and challenges involved in the existing legacy applications. These factors are expected to drive the global application transformation market. Major vendors in the global application transformation market include Atos (France), Tech Mahindra (India), Fujitsu (Japan), HCL (India), Cognizant (US), Pivotal Software (US), Accenture (Ireland), IBM (US), TCS (India), Asysco (Netherlands), Unisys (US), Hexaware (India), Oracle (US), Micro Focus (UK), Bell Integrator (US), and Macrosoft (US).
MarketsandMarkets expects the Digital Experience Platform (DXP) market to grow from USD 7.9 billion in 2019 to USD 13.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period. Key and emerging market players include Adobe Systems (US), Oracle (US), SAP (Germany), IBM (US), Microsoft (US), Salesforce (US), OpenText (Canada), SDL (UK), Sitecore (US), Acquia (US), Jahia (Switzerland), Episerver (US), Squiz (Australia), BloomReach (US), Liferay (US), Kentico (Czech Republic), and censhare (Germany). These players have adopted various strategies to grow in the DXP market. The companies are focused on inorganic growth strategies to strengthen their market position. Adobe Systems (US) entered the DXP market with its product, Adobe Experience Cloud and has become a pioneer in offering digital experience solutions to enterprises worldwide. Adobe Systems (US) is highly dedicated to integrating the latest technologies to make data actionable; it uses Artificial Intelligence (AI) and Machine Learning (ML) technologies with its Adobe Experience Platform to help organizations position themselves for better customer understanding. IBM (US) offers an elaborated range of solutions in the DXP market through its AI-based solutions, IBM Watson Content Hub and IBM Digital Experience Manager. IBM (US) offers various solutions in the form of predictive analytics, premium insights, and web content management, to offer end-to-end solutions in the market. IBM (US) has been able to maintain a leading position globally with its capabilities, such as cognitive solutions and cloud platforms, through which it has been able to create a wide range of services, software, and analytics tools for its customers in the DXP market. Microsoft (US) is also one of the leading DXP service providers across the globe. Microsoft (US) invests a substantial part of its annual revenue in Research and Development (R&D) in enhancing and upgrading its products and services.
The fixed asset management software market size is expected to grow from USD 3.0 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. Preventive maintenance and IoT technology are anticipated to boost the adoption of fixed asset management software, and growing need to reduce operational cost and generate profits through efficient management of assets are the major factors driving the growth of the fixed asset management software market. The major vendors in the fixed asset management software market are are IBM (US), Infor (US), SAP (Germany), Microsoft (US), Oracle (US), Sage (UK), Acumatica (US), Aptean (UK), Maintenance Connection (US), IFS (Sweden), eMaint (US), Aveva (UK), Ramco Systems (India), ABB (Switzerland), Tracet (India), and Mainsaver (US).
Global market size for maintenance and support services for banking hardware devices and equipment is expected to grow from USD 8.4 billion in 2018 to USD 10.4 billion by 2021 at the Compound Annual Growth Rate (CAGR) of 7.5%. Automated Teller Machine (ATM) Maintenance & Operational Support Services are the largest market contributors. North America leads the market followed by European Union; while Asia Pacific Is the fastest growing geography. The ATM install base market is highly consolidated with top 4 players that contribute64% to the overall market. Wincor Nixdorf (US), Diebold Nixdorf (US), NCR (US), and Oki Electric (Japan) are the leaders in this market space owing to the strong brand recognition, healthy financial position, and high R&D investments among others.
MarketsandMarkets expects the environmental hazard monitoring market in Italy, Germany, and UK size to grow from USD 318 million in 2017 to USD 375 million by 2021, at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period. The growing need among government organizations to minimize losses due to natural disasters is expected to drive the growth of environmental hazard monitoring market over the next few years. Ambiental (UK), Bigtincan (US), Badger Software (UK), CH2M (US), Everbridge (US), Palantir Technologies (US), AON (UK), KatRisk (UK), Pasi (Italy), Stonex (Italy) and Mike (Denmark) are some of the major vendors in the environmental hazard monitoring software market.
The Europe cloud CRM market size is expected to grow from USD 9.0 billion in 2019 to USD 12.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.86% during the forecast period. In the Europe cloud CRM market, the key market players and innovators include Microsoft (US), Oracle (US), ELCA (Switzerland), 1CRM (Canada), Cirrus Shield (France), Zoho (Chennai), SAP (Germany), Hubspot (US) Unit4 (Netherlands), Cocomore (Switzerland), Curexus GmbH (Germany), ALISTON Consulting (France), Absys Cyborg (France), SugarCRM Inc. (US), Vtiger (India), Bexio (Switzerland), Bpm’Online (US), TYPO3 (Germany), and eWay CRM (US).
MarketsandMarkets forecasts the global conversational systems market size to grow from USD 4.6 billion in 2019 to USD 17.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.8% during 2019–2024. Major growth drivers for the market include highly advanced AI and NLP tools and an increasing demand for AI-powered customer support services. Major vendors in the global conversational systems market include Google (US), Microsoft (US), IBM (US), AWS (US), Baidu (China), Oracle (US), SAP (Germany), Nuance (US), Artificial Solutions (Spain), Conversica (US), Haptik (India), Rasa (Germany), Rulai (US), Avaamo (US), Kore.ai (US), Solvvy (US), Pypestream (US), Inbenta (US), and Saarthi.ai (India).
The payment as a service market size is expected to grow from USD 5.7 billion in 2019 to USD 16.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. Regulatory initiatives to promote payment solutions thriving on secure and real-time transactions; and optimized customer/merchant experience with quick and secure payment methods are the major factors driving the growth of the payment as a service market. The major vendors in the payment as a service market are First Data (US), TSYS (US), Paysafe (UK), Verifone (US), Ingenico (France), Aurus (US), Agilysys (US), Pineapple Payments (US), Alpha Fintech (Ireland), First American Payment Systems (US), FIS (US), allpago (Germany), Helcim (Canada), Valitor (Iceland), Intelligent Payments (Gibraltar), PayStand (US), and PPRO (UK).
MarketsandMarkets expects the global sales enablement platform market size to grow from USD 1.1 billion in 2019 to USD 2.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. Growing need among enterprises to improve the internal business process and boost sales performance is expected to drive the growth of sales enablement platform market across various industries globally.SAP (Germany), Bigtincan (US), Upland Software (US), Highspot (US), Seismic (US), Showpad (Belgium), Brainshark (US), ClearSlide (US), ClientPoint (US), Accent Technologies (US), Quark Software (US), Bloomfire (US), Qorus Software (US), Pitcher (Switzerland), Mediafly (US), Rallyware (US), MindTickle (US) and Qstream (US).
The India omni-channel and warehouse management systems market size is expected to grow from USD 231 million in 2019 to USD 488 million by 2024, at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period. Major growth drivers for the market include the rapid growth of eCommerce in India, easement of FDI policies in India, and launch of initiatives, such as “Make in India.” The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the market. The major vendors in India omni-channel solutions market include SAP Hybris (Germany), IBM (US), JDA Software (US), Shopify (Canada), ETP International (Singapore), and Infor (US). While the major vendors in India Warehouse Management market include SAP (Germany), JDA Software (US), Infor (US), and Technoforte Software (India).
The correspondence management system market size 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 demand for correspondence management system expected to rise over the next 5 years owing to various factors, including the need for reducing planning and budgeting cycles. Moreover, automation of internal and external communication has been immensely growing with the rise of big data and analytics solutions. 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).
The global digital audio workstation market size is expected to grow from USD 2.0 billion in 2018 to USD 3.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. The demand for digital audio workstations is expected to grow over the next 5 years, owing to several factors, including the increasing adoption of cloud-based digital audio workstations and growing digitization of instruments. Increasing demand for AI-generated music, growing media & entertainment industry, and increasing adoption of Android-based operating systems are the key growth factors for the market. Major vendors offering digital audio workstations globally include Apple (US), Adobe (US), Avid (US), Ableton (Germany), Steinberg (Germany), MOTU (US), Acoustica (US), Presonus (US), Magix (Germany), Native Instruments (Germany), Cakewalk (US), Image-Line (Germany), Bitwig (Germany), Renoise (Germany), and Harrison Audio Consoles (US). The study includes an in-depth competitive analysis of the key players in the digital audio workstation market, along with their company profiles, recent developments, and key market strategies.
MarketsandMarkets expects the global Computer-Aided Manufacturing (CAM) market size to grow from USD 2.3 billion in 2018 to USD 3.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Growing industrial and robotic automation is expected to boost the growth of CAM market across various industries globally. Major vendors offering CAM solutions and services across the globe Autodesk (US), Dassault Systèmes (France), Hexagon (Sweden), Siemens (Germany), 3D Systems (US), PTC (US), HCL (India), CNC Software (US), OPEN MIND Technologies (Germany), DP Technology Corp. (US), MecSoft (US), SolidCAM (US), NTT DATA ENGINEERING SYSTEMS Corporation (Japan), BobCAD-CAM (US), ZWSOFT (China), and SmartCAMcnc (US).
MarketsandMarkets expects the global player tracking market size to grow from USD 2.1 billion in 2018 to USD 7.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.8% during the forecast period. The major growth drivers of the market are increasing amount of on-field data and growing demand for real-time data access. Player tracking solutions, such as optical and application-based can also be used to gain intelligence by monitoring competitor’s player performance. The broadcasters use data from optical sports tracking solution to provide exciting stories for viewers with fully virtual replays where the 3D animation recreate player movements. Catapult, STATSports, and ChyronHego are a few companies that offer player tracking solutions in team sports.
MarketsandMarkets expects the global virtual fitting room market to grow from USD 2.9 billion in 2019 to USD 7.6 billion by 2024, at a CAGR of 20.9% during the forecast period. Growing number of smartphone users, improved customer experiences, and increased adoption of technologies are expected to drive the virtual fitting room market. The virtual fitting room market report provides competitive landscape and company profiles of the key vendors by their product offerings and business strategies. Major vendors in the global virtual fitting room market include Zugara (US), Total Immersion (France), True Fit (US), Metail (UK), 3D-A-PORTER (UK), Magic Mirror (UK), AstraFit (US), Fit Analytics (Germany), Visualook (Spain), ELSE Corp (Italy), FXGear (Korea), Sizebay (Brazil), triMirror (US), MemoMi (US), SenseMi (UAE), Fision Technologies (Switzerland), and Coitor IT Tech (India).
The global ATC market size is expected to grow from USD 2.2 billion in 2018 to USD 3.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. High demographic growth, hyper-urbanization, technological advancements for increasing passenger convenience, and emerging trend of smart cities are expected to drive the global ATC market. Major ATC market vendors include Thales (France), Bombardier (Canada), Toshiba (Japan), Alstom (France), Tech Mahindra (India), WSP (Canada), Cisco (US), Hitachi (Japan), GE (US), and Siemens (Germany).