Technological up-gradation and innovation in the Telecom & IT market has accelerated dramatically and it now encompasses a more diverse universe of players than ever before. In the current market environment to cope with competition, incumbent Telcos ....see more
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 global patch management market size is expected to grow USD 979 million by 2024, at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. The major vendors in the patch management market are IBM (US), Microsoft (US), Symantec (US), Micro Focus (UK), Qualys (US), SolarWinds (US), Ivanti (US), ManageEngine (US), ConnectWise (US), Avast (Czech Republic), Automox (US), GFI Software (US), Jamf (US), Chef Software (US), and SysAid Technologies (Israel).
The global application gateway market size is expected to grow USD 2.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. Major vendors in the global application gateway market include Microsoft (US), SAP (Germany), Orange (France), F5 Networks (US), Palo Alto Networks (US), Forcepoint (US), Zscaler (US), Citrix (US), Akamai (US), Aculab (US), Imperva (US), Barracuda Networks (US), Kemp Technologies (US), Snapt (US), and Avi Networks (US).
The global security policy management market size is expected to grow USD 2.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period. The major vendors in the security policy management market are are Cisco (US), Micro Focus (UK), Palo Alto Networks (US), Check Point Software Technologies (US), McAfee (US), Juniper Networks (US), Firemon (US), HelpSystems (US), AlgoSec (US), Tufin (US), CoNetrix (US), iManage (US), Odyssey Consultants (Cyprus), OPAQ Networks (US), Enterprise Integration (US), and Skybox Security (US).
The global autonomous data platform market size is expected to grow USD 2,210 million by 2024, at a CAGR of 22.2% during the forecast period. Some of the major vendors in the autonomous data platform market are Oracle (US), Teradata (US), IBM (US), AWS (US), MapR (US), Cloudera (US), Qubole (US), Ataccama (Canada), Gemini Data (US), DvSum (US), Denodo (US), Zaloni (US), Datrium (US), Paxata (US), and Alteryx (US).
The system of insight market is expected USD 3.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecasting period. 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).
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 Artificial Intelligence in Accounting Market is expected to grow USD 4,791 million by 2024, at a Compound Annual Growth Rate (CAGR) of 48.4% during the forecast period. The major AI in accounting vendors include Microsoft (US), AWS (US), Xero (New Zealand), Intuit (US), Sage (England), OSP (US), UiPath (US), Kore.ai (US), AppZen (US), YayPay (US), IBM (US), Google (US), EY (UK), Deloitte (US), PwC (UK), KPMG (Netherlands), SMACC (Germany), OneUp (US), Vic.ai (US), Hyper Anna (Australia), Botkeeper (US), MindBridge Analytics (Canada), and Bill.com (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 Virtual Mobile Infrastructure (VMI) market is expected to grow USD 173 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. Major vendors in the VMI market include Trend Micro (Japan), Avast Software (Czech Republic), Sierraware (US), Nubo (US), Intelligent Waves (US), Pulse Secure (US), Raytheon (US), Prescient Solutions (US), Fortinet (US), and Genymobile (France).
IoT Connectivity market is expected to grow USD 8.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period. Key and emerging market players include AT&T (US), Cisco (US), Verizon (US), Vodafone (UK), Ericsson (Sweden), Sierra Wireless (Canada), Orange (France), Telefónica (Spain), Huawei (China), Telit (Italy), Hologram (US), Particle (US), Aeris (US), Sigfox (France), EMnify (Germany), and Moeco (US). These players have adopted various strategies to grow in the IoT connectivity market.
The voice analytics market size is expected to grow from USD 657 million in 2019 to USD 1,597 million by 2024, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period. Some of the major solution providers of voice analytics market are Verint Systems (US), NICE (Israel), Avaya (US), ThoughtSpot (US), Uniphore (India), Calabrio (US), Talkdesk (US), RankMiner (US), VoiceBase (US), Beyond Verbal (Israel), VoiceSense (Israel), SESTEK (Turkey), audEERING (Germany), Invoca (US), and Xdroid (Hungary). The study includes an in-depth competitive analysis of these key players in the voice analytics market with their company profiles, recent developments, and key market strategies.
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 global commerce cloud market size is expected to grow from USD 8.9 billion in 2019 to USD 27.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period. 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 global commerce cloud market. Major vendors in the commerce cloud market include IBM (US), SAP (Germany), Salesforce (US), Apttus (US), Episerver (US), Oracle (US), Magento (US), Shopify (Canada), BigCommerce (US), and Digital River (US), Elastic Path (Canada), VTEX (Brazil), commercetools (Germany), Kibo (US), and Sitecore (India).
The global content intelligence market size expected to grow from USD 485 million in 2019 to USD 1956 Million by 2024, at a Compound Annual Growth Rate (CAGR) of 32.2% during 2019–2024. Major vendors in the global content intelligence market include Adobe (US), M-Files (Finland), OpenText (Canada), Curata (US), Scoop.it (US), Social Bakers (Czech Republic), Atomic Reach (Canada), OneSpot (US), Vennli (US), and Idio (UK).
The global emotion analytics market is expected to grow from USD 2.2 billion in 2019 to USD 4.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.8% during 2019–2024. Major vendors in the global emotion analytics market include Affectiva (US), Beyond Verbal (Israel), iMotions (Denmark), Kairos (US), Noldus Information Technology (Netherlands), Cogito (US), Tobii (Sweden), Sentiance (Belgium), NVISO (Switzerland), Lexalytics (US), Sensum (UK), IBM (US), Microsoft (US), Google (US), Gorilla Technology (Taiwan), Adoreboard (Antrim).
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 insurance fraud detection market is expected to grow from USD 2.5 billion in 2019 to USD 7.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period. The major factors driving the growth of the insurance fraud detection market are the need to manage huge volumes of identities by organizations effectively; improving operational efficiency & enhancing the customer experience; increasing adoption of advanced analytics techniques; and stringent regulatory compliances. Various growth strategies have been adopted by the major players to increase their market presence, such as mergers & acquisitions, partnerships & collaborations, business expansions, and product developments. Some of the major technology vendors in the insurance fraud detection market are FICO (US), IBM (US), BAE Systems (UK), SAS Institute (US), Experian (Ireland), LexisNexis (US), iovation (US), FRISS (Netherlands), SAP (Germany), Fiserv (US), ACI Worldwide (US), Simility (US), Kount (US), Software AG (Germany), BRIDGEi2i Analytics Solutions (India), and Perceptiviti (India).
The global Virtual Private Cloud (VPC) market size is expected to grow from USD 29.9 billion in 2019 to USD 58.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. Increased security, automation and agility, the need for IT modernization, automation of manual processes, and increased cost savings are the major growth factors for the VPC market. However, compatibility issues with legacy systems may restrain the growth of the VPC market. Google (US), Microsoft (US), Alibaba (China), AWS (US), OVH (France), Huawei (China), Rackspace (US), CenturyLink (US), DXC (US), and Atos (France).
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.
The Wi-Fi analytics market size is expected to grow from USD 5.3 billion in 2019 to USD 16.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period. Factors such as the increasing smartphone users and growing smart city deployment leading to rising public Wi-Fi hotspots are expected to fuel the market growth. However, the lack of standardized regulatory compliance worldwide is expected to restrain the market growth. The major vendors offering Wi-Fi analytics solutions globally are Cisco Systems (US), Aruba Networks (US), Purple WiFi (UK), Cloud4Wi (US), Fortinet (US), Ruckus Networks (US), Extreme Networks (US), Yelp (US), Singtel (Singapore), SpotOn (US), Eleven Software (US), Aislelabs (Canada), Flame Analytics (Spain), Aptilo Networks (Sweden), Blix (Australia), SkyFii (Australia), Guest Networks (Canada), Hughes Network System (US), GoZone WiFI (US), Wefi (US), MetTel (US), WhoFi (US), Presence Aware Tech Ltd (UK), and Bloom Intelligence (US).
MarketsandMarkets forecasts the global HR analytics market size to grow from USD 1.9 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period. The growing need among enterprises to reduce the costs associated with HR processes and streamline the HR processes is expected to drive the growth of HR analytics market across industry verticals globally. The major HR analytics vendors include Oracle (US), SAP (Germany), Infor (US), Workday (US), Sage Software (UK), Kronos (US), MicroStrategy (US), IBM (US), Tableau (US), Zoho (India), Crunchr (Netherland), Visier (Canada), TALENTSOFT (Paris), GainInsights (India), and Sisense(US).
The global Software-Defined Wide Area Network (SD-WAN) for government market size is expected to grow from USD 27 million in 2018 to USD 103 million by 2023, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period. Key players and innovating vendors in the global SD-WAN for government market include Cisco (US), VMware (US), Silver Peak (US), Aryaka Networks (US), Nokia (Finland), Oracle (US), Huawei (China), Infovista (France), Citrix (US), Juniper (US), Fortinet (US), HPE (US), Fatpipe (US), Riverbed (US), CloudGenix (US), Versa Networks (US), Adaptiv Networks (Canada), Peplink (US), Lavelle Networks (India), Martello Technologies (Canada), Mushroom Networks (US), Zenlayer (US), and Bigleaf Networks (US). These players have adopted various organic and inorganic strategies to grow in the global SD-WAN for government market.
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.
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.
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).
West Indies water operations cloud computing market is projected to grow from USD 34.3 thousand in 2018 to USD 63.7 thousand by 2022, at a Compound Annual Growth Rate (CAGR) of 16.7 % during the forecast period. The key driving factors include includes the implementation of smart water projects in the West Indies, government initiatives in deploying smart water solutions, and government investment to upgrade the existing water management system. The primary factor expected to hinder the growth of West Indies water operations cloud computing is lack of uniform regulatory standards and universal protocols amongst different nations in the region. Key market players profiled in this report include Smart Energy Water (US), FUJITSU (Japan), Accenture (US), Oracle (US), Microsoft (US). These players have adopted various growth strategies such as partnerships, business expansions, agreements, and collaborations; and new product launches & enhancements to further expand their presence in West Indies water operations cloud computing market and broaden their customer base.
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.
Waste management investments in US cities are expected to grow from USD 1.0 billion in 2018 to USD 1.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period. Demand for waste management assessment opportunities in US cities is expected to grow over the next 5 years, owing to several factors including an increasing focus on the collection of waste materials and transportation to recycling facilities, sorting material type and selling them to manufacturers to make new products, state governments’ focus on waste recycling and energy generation, and increasing adoption of smart waste management systems. The major vendors offering waste management systems include Bigbelly, Inc. (US), Compology (US), OnePlus Systems (US), Ecube Labs (South Korea), Waste Management Inc. (US), Republic Services Inc. (US), Covanta Holding Corporation (US), Recology (US), Athens Services (US), and Bin-e (Poland). The study includes an in-depth competitive analysis of the key players in the waste management market, along with their projects and investments, recent developments, and key market strategies.
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).
The Security Assertion Markup Language (SAML) authentication market is expected to grow from USD 1.5 billion in 2019 to USD 3.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The key factors driving the SAML authentication market include organizations’ need to effectively manage large volumes of identities; organizations’ need to provide enhanced, consistent, and unified identity security to customers and employees and enhance the operational efficiency; and effective management of stringent regulatory compliances. The SAML authentication market comprises major solution providers, such as Gemalto (Netherlands), Ping Identity (US), AWS (US), Microsoft (US), Oracle (US), miniOrange (India), OneLogin (US), RCDevs (Luxembourg), Ariel Software Solutions (India), SAASPASS (US), SSO Easy (US), ManageEngine (US), Okta (US), Auth0 (US), and PortalGuard (US). The study includes an in-depth competitive analysis of the key players in the SAML authentication market, along with their company profiles, recent developments, and key market strategies.
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).
MarketsandMarkets forecasts the global algorithmic trading market size to grow from USD 11.1 billion in 2019 to USD 18.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period. Major vendors in the global algorithmic trading market include Thomson Reuters (US), 63 moons (India), Virtu Financial (US), Software AG (Germany), MetaQuotes Software (Cyprus), Symphony Fintech (India), InfoReach (US), Argo SE(US), Kuberre Systems (US), Tata Consultancy Services (India), QuantCore Capital Management (China), iRageCapital (India), Automated Trading SoftTech (India), Tethys (US), Trading Technologies (US), uTrade (India), Vela (US), and AlgoTrader (Switzerland).
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 legal AI software market to grow from USD 317 million in 2019 to USD 1,236 million by 2024, at a Compound Annual Growth Rate (CAGR) of 31.3% during forecast period. Major growth for the market include an increasing demand for AI-powered customer support service and automation. The legal AI software market report provides the competitive landscape and company profiles of the key vendors by their product offerings and business strategies. Major vendors in the global legal AI software market include IBM (US), OpenText (US), Thomson Reuters (US), Veritone (US), ROSS Intelligence (US), Luminance (US), LexisNexis (US), Neota Logic (US), Everlaw (US), Legalsifter (US), Pensieve (India), Cognitiv+ (UK), Casetext (US), Klarity (US), Omni Software Systems (US), Nalanda Technology (UK), LawGeex (Israel), Kira (US), and CaseMine (India).
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 autonomous agents market is expected to grow from USD 345 million in 2019 to USD 2,992 million by 2024, at a Compound Annual Growth Rate (CAGR) of 54% during the forecast period. Increased automation and agility, need for delivering enhanced customer experience, and increased cost savings and return on investment are some of the major growth factors for the autonomous agents market.Oracle (US), IBM (US), SAP (Germany), AWS (US), SAS (US), Infosys (India), Nuance Communications (US), FICO (US), Fetch.AI (UK), Affectiva (US), Intel (US), Salesforce (US), Aptiv (Ireland), Google (US) and Microsoft (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).
MarketsandMarkets forecasts the global Optical Wavelength Services (OWS) market size to grow from USD 3.3 billion in 2018 to USD 4.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. The advent of Internet of Things (IoT) and growing automation trends have exponentially increased data traffic thereby creating heavily-increased bandwidth requirements for large enterprises and Small and Medium-sized Enterprises (SMEs). Further increasing demand for high-speed internet and fiber optics communication has become the backbone thereby increasing the demand for OWS. Advancements in technology with regards to communication standards are expected to create opportunities for OWS vendors. In the OWS market, the key and emerging market players include Zayo Group (US), Nokia (Finland), Verizon (US), GTT (US), CenturyLink (Louisiana), AT&T (US), Sprint (US), Comcast (US), Colt Technology Solution (UK), Crown Castle (US), Windstream Enterprises (US), Charter Communications (US), Cox Communications (US), Jaguar Network (France), and CarrierBid (US).
MarketsandMarkets expects the global virtual sensors market size to grow from USD 235 million in 2018 to USD 910 million by 2023, at a Compound Annual Growth Rate (CAGR) of 31.1% during the forecast period. The major growth drivers for the market, include predictive maintenance and potential reduction in the time and cost compared to physical sensors, and rising adoption of the IoT cloud platforms. Major vendors offering marketing virtual sensor solutions and services across the globe include General Electric (US), Cisco (US), Honeywell (US), Siemens (Germany), Schneider Electric (France), Elliptic Labs (Norway), Algorithmica technologies (Germany), EXPUTEC (Austria), TACTILE MOBILITY (Israel), IntelliDynamics (US), ANDATA (Austria), Aspen Technology (US), OSIsoft (US), Modelway (Italy), and LMI Technologies (Canada).
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.
The India data center market size is projected to reach USD 1.5 billion by 2022 from USD 1.0 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The market is driven by the deeper internet penetration, increase in digital data traffic, public cloud services, and higher expected growth for IoT. Fujitsu (Japan), Honeywell (US), NEC (Japan), Siemens (Germany), IBM (US), Johnson Controls (US), Hikvision (China), Dahua Technology (China), and Schneider Electric (France) are some of the key players in the India data center market providing physical infrastructure. Apart from these, there are many colocation services vendors in India, such as Netmagic, Ctrl S, ESDS, Prasa, and Sterling & Wilson.
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 ANM market size is expected grow from USD 682 million in 2018 to USD 1,411 million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. The growth in renewable energy commercialization and increasing demand for uninterruptable transmission of electricity among users will drive the market. Major technology vendors in the ANM market include General Electric (US), ABB (Switzerland), Siemens (Germany), Schneider Electric SE (France), Itron (US), Landis+Gyr (Switzerland), Cisco (US), IBM (US), Oracle (US), Indra Sistemas (Spain), Chemtrols (India), Camlin (Ireland), Smarter Grid Solutions (UK), ZIV (France), and Argand Solutions (UK).
The global Virtual Private Server (VPS) market size is expected to grow from USD 2.4 billion in 2018 to USD 5.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period. Major growth drivers for the market include several advantages of VPS such as availability of cost-effective virtual private server, provide greater customizations, and scalability and more control with virtual servers than shared hosting. VPS enables organizations avail dedicated servers in the virtual environment. The approach provides enhanced control over servers, agile deployment of virtualized workloads, reduced infrastructure cost, and improved operational efficiency. The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by major players to expand their presence in the market. Major vendors in the VPS market include AWS (US), United Internet (UK), GoDaddy (US), Endurance International Group (US), OVH (France), DigitalOcean (US), Plesk (Switzerland), Rackspace (US), A2 Hosting (US), Liquid Web (US), Linode (US), Vultr (US), DreamHost (US), InMotion Hosting (US), and TekTonic (US).