Tuesday, 31 May 2022

Mobile Data Protection Market by Type, Share, Growth and Analysis – 2031

 Mobile Data Protection Market 2022

The global mobile data protection market is expected to reach a valuation of US$ 40.8 Bn by 2032 from US$ 6.5 Bn in 2022, rising at a CAGR of 20.2% throughout the forecast period.

Globally, the rise of mobile devices and advancements in data-accessible approaches have boosted the demand for mobile data protection solutions.

Businesses have profited from using smart devices to access corporate data from anywhere, allowing them to make quick business decisions. This factor drives the sales of mobile data protection solutions during the forecast period.

Furthermore, these significant developments in mobile data protection have increased their profitability and corporate productivity. The demand for mobile data protection solutions is growing as enterprises utilize mobile data protection solutions to protect data in a unified manner.

The mobile data protection market is gaining popularity in a variety of end-user industries, and it has piqued the interest of several businesses looking to improve the security of their mobile data. Increasing mobile data volume and growing demand for BYOD across enterprises are some of the primary reasons for the growth of the mobile data protection market.

The sales of mobile data protection solutions are anticipated to rise as businesses are using mobile data protection (MDP) to boost company productivity while simultaneously maintaining data security.

With the growing adoption of the BYOD (Bring Your Own Device) policy, the danger of data loss has increased. As a result, the demand for mobile data protection solutions to safeguard company data and reduce threats is projected to rise throughout the forecast period.

The rise in mobile payments has resulted in a significant increase in instances of mobile data breaches, which is propelling the demand for mobile data protection solutions. All payment modalities are increasing at a faster rate than mobile payments. Mobile data usage has increased as a result of this development.

Furthermore, as the number of mobile wallets such as Apple Pay, Android Pay, and Walmart Pay develops, the sales of mobile data protection solutions are expected to expand. Due to the growing use of smartphones for payments, the demand for mobile data protection is expected to increase over the forecast period.

The demand for mobile data protection solutions is rising due to the growing use of small devices among organisations, which has resulted in considerable danger of data loss.

Similarly, across organizations of all sizes, trends such as bring your own device, cloud, and online media, as well as tight laws for mobile data protection, are projected to contribute to the growth of the mobile data protection market.

mobile-data-protection-market

Key Takeaways

  • By Component, the Android segment is expected to grow at a steady CAGR of 20.4% during the forecast period.
  • The BFSI (banking, financial services, and insurance) segment is projected to grow at a CAGR of 21.5%, owing to significant technological advancements in recent years.
  • In 2022, the U.S. mobile data protection market is estimated to grow rapidly with a CAGR of 19.9%. Due to the early adoption of data security by companies in the United States, as well as the presence of a large number of mobile data protection vendors in the region, North America is expected to dominate the global mobile data protection market. Furthermore, a key trend for the North American mobile data protection market is the increasing use of IoT devices, such as BYOD, to access healthcare and financial services, indicating that the mobile data protection industry has a lot of potentials.
  • Due to the high use of smartphones and internet access across Asia's geography, Asia-Pacific is projected to be the fastest-growing market.
  • In addition, India's mobile data protection market is growing rapidly, with a CAGR of 22.2%. India is developing regulatory regulations to encourage electronic transactions in order to reduce the overall cost of offering last-mile financial services.

Competitive Landscape

The global market for mobile data protection is highly fragmented. Cisco Systems, Inc., Dell Inc., Thales Group, Hewlett Packard Enterprise, and Intel Corporation are key players in the mobile data protection market.

Product releases, significant R&D spending, partnerships and acquisitions, and other growth tactics are used by these companies to keep up with the fierce competition. Manufacturers are increasingly offering data and information management solutions based on their resources and capabilities.

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Recent Developments

  • Thales S.A. finalized the acquisition of Gemalto N.V. in April 2019, transforming the company into a global leader in digital identification and security.
  • CipherCloud, Inc., a cloud security provider, announced the launch of its new Secure SaaS Workspace solution as part of its award-winning CASB+ platform in March 2019.
  • UMIVALE, a non-profit organization based in Spain, received Intel Corporation's mobile data protection software, McAfee Complete Data Protection, Advanced Suite, and McAfee ePolicy Orchestrator (McAfee ePO) software in January 2018 to increase protection against attacks, improve data monitoring and utilization, and provide faster data protection.
  • Druva and Wipro teamed together in March 2018 to develop Data Management-as-a-Service for mobile devices. Along with Druva's long-standing service for Windows devices, this agreement expands the service to Apple devices, which are increasingly important in the workplace.

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Global Digital Vault Market by Manufacturers, Regions, Type and Application, Forecast to 2031

 Digital Vault Market 2022

As per the study by Persistence Market Research, the digital vault market is projected to reach US$ 2.5 Billion by 2032 from US$ 785 Million in 2022. The market is likely to grow at a high CAGR of 12.3%. The digital vault is a highly secure storage solution that is protected by encryption, firewalls, and access controls. Unlike cloud-based storage solutions, digital vaults are highly secure, on-premises and protected by physical security measures.

Additionally, the users' privacy and personal information is protected from the daily attacks. As the threat landscape continues to grow, it is becoming increasingly important to protect data from a breach, protect data through security solutions, and provide data security solutions, which has boosted the use of virtual vaults over the past few years.

Cyber-attacks and the dynamic nature of the security industry have both increased in recent years as companies look for ways to protect sensitive financial data from breaches with the utmost risk and the highest return. In recent years, banking institutions have been moving toward the cloud at an accelerated rate, demonstrating their capability to protect this data by using digital vaults on the market. By storing passwords and data sets in the cloud-based systems, digital vaults are anticipated to positively impact future growth of IT & Telecom. Cloud-based solutions are expected to be in high demand as new businesses are established in emerging economies.

digital-vault-market

Key Takeaways
  • The digital vault market is expected to reach a valuation of US$ 2.5 Billion by 2032.
  • As a major powerhouse of advanced technology and early adopter of some of its latest products, North America is likely to hold the largest share of the market for digital vaults.
  • The market for consulting services in digital vault will grow at a CAGR of 11.8% during the forecast period.
  • Japan market size is projected to reach US$ 168 Million by 2032, at a growth rate of 11.8% over the forecast period.
  • According to the forecast, the solutions digital vault market is expected to grow at a CAGR of 11.8%.

Competitive Landscape

As per the global digital vault market study, with significant suppliers such as Johnson Controls, CyberArk, IBM, Oracle, Hitachi, Micro Focus, Fiserv, Symantec, Microsoft, Multicert, Keeper Security, Accruit, DSwiss, ENC Security, TokenEx, Logic Choice, Eclypses, HarshiCorp, Insoft Infotel Solutions, Daxtech, IT Solutions, eOrigina, LexTrado, OPSWAT and FutureVault the digital vault industry is moderately fragmented. In order to gain a competitive advantage, the companies rely on strategic collaboration activities and acquisitions to broaden their client base and gain market share.

  • IoT Device Manager from DigiCert will be used by Johnson Controls to help improve smart building cybersecurity, manage digital identities, and build Public Key Infrastructure (PKI) in May 2021. DigiCert ONE is the perfect platform for building smart buildings that provides advanced secure connectivity.
  • In June 2021, CyberArk announced improvements to its CyberArk Identity Security Platform. Cloud and hybrid environments have been enhanced with these advancements, providing broader protection and secure access to high-risk systems. CyberArk delivers this cloud-based service for protecting both machine and human identities.Customers running CyberArk software on-premises, in their own cloud, or managed by CyberArk have access to the new shared services.

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Persistence Market Research, in its new report, offers an impartial analysis of the global digital vault market, presenting historical data (2015-2021) and estimation statistics for the forecast period of 2022-2032.

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The study offers compelling insights based on component (solutions and services), services (consulting, design and implementation, support and maintenance and managed services), organization size (large enterprises and small & medium enterprises), industry (BFSI, government, IT & telecommunications, real estate, defense and others) across five major regions.

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Photoprotective Drugs Market 2022 Global Trends, Growth, Opportunities and Forecast to 2031

 Photoprotective Drugs Market 2022

Photoprotective drugs consist of protective mechanisms that may vary and include anti-oxidant, anti-inflammatory, and immunomodulatory effects. As such, they provide protection against UVR and prevent photo-induced carcinogenesis and aging. The photoprotective drugs market is expected to grow significantly during the forecast period as a large no. people have become very conscious about their skin and the rising clean beauty trends. The photoprotective drugs market is segmented based on agent type, distribution channel and region.

The impact of COVID-19 on photoprotective drugs market has started to be felt. The breakout of this disease led to lockdowns across globe which has slowed down the growth of many markets. Photoprotective drugs market is no different. Additionally, the employees have beenasked to work from home which may have also affected the photoprotective drugs market. However, the market is expected to catch up and grow rapidly in the forecast years 2020-2030.

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Photoprotective Drugs Market: Drivers and Restraints

The rising demand for healthy and natural food along with supplement consumption on account of rising health issues is likely to drive the growth of the market. The prominence of carotenoids, which is a photoprotective agent is expected to boost the growth of the photoprotective drugs market. As carotenoids can prevent induction of DNA damage due to oxidative stress, lipid peroxidation, etc. that may lead to wrinkles and aging.

However, stringent approval norms and regulatory are expected to hinder product demand over the upcoming years.

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Photoprotective Drugs Market: Segmentation

Based on agent type
  • Carotenoids
  • Lycopene
  • Xanthophylls
  • Astaxanthin
Based on distribution channel
  • Hospital pharmacy
  • Retail pharmacy
  • Online pharmacy
Based on region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Based on distribution channel, the global photoprotective drugs market is segmented into hospital pharmacy, online pharmacy and retail pharmacy. The retail pharmacy is expected to continue to be the highest contributor of revenue in this segment. However, the growing demand of E- commerce will lead to significant growth in online pharmacy during the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology Matrix
  • Value Chain

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Ophthalmic Dye Market by Component, Application, Growth and Analysis – 2031

 Ophthalmic Dye Market 2022

The ophthalmic dyes are used as both diagnostics and as therapeutics in treating both anterior and posterior segment disorders. There are many types of dyes available in the ophthalmic dye market but most commonly used dyes are fluorescein, and rose Bengal. The global ophthalmic dyes market is increasing due to the increasing geriatric population, and age-related eye disorders.

The outbreak of novel coronavirus is believed to have a severe impact on the global ophthalmic dye market. During the COVID-19 outbreak, there has been a decrease in flow of patients into the hospitals and clinics which is leading to reduced diagnosis and surgeries which in turn is affecting the global ophthalmic dye market.

After the supply and production disruptions, the industries are now facing a demand shock with an uncertain recovery timeline due to shelter-in-place regulations.

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Ophthalmic Dye Market: Drivers and Restraints-

The increasing prevalence of dry eye along with the inflammation of the ocular surface, especially among the aged population is the major driver in the ophthalmic dye market. Furthermore, the rising prevalence of age-related macular degeneration is expected to drive the growth of ophthalmic dye market.

There are various environmental factors such as air pollution, central heating, chemical burns which affect the tear film leading to eye infection are expected to boost the ophthalmic dye market. Apart from drivers, there are some restraints for the ophthalmic dye market such as high costs of ophthalmic diagnosis and surgery, and side effects of ocular diagnostics such as occasional vomiting and transient nausea.

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Ophthalmic Dye Market: Segmentation

Based on the drug type
  • Fluorescein Dye
  • Rose Bengal Stain
  • Trypan Blue
  • Others
Based on the application
  • Ophthalmic diagnosis
  • Ophthalmic surgery
Based on the distribution channel
  • Hospital Pharmacies
  • Medical stores

Ophthalmic Dye Market: Key Market Participants

Some of the market participants in the global ophthalmic dye market identified across the value chain include: Akorn, Inc., Novartis International AG, Altaire Pharmaceuticals, Inc., Johnson & Johnson, Bausch Health, HUB Pharmaceuticals, LLC, Abbott Laboratories, Topcon Corporation, Carl-Zeiss-Stiftung, Nomax, Inc., and others.

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Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

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Monday, 30 May 2022

Digital Asset Management Market, Growth, Trends, Analysis, Opportunities and Forecast To 2031

 Digital Asset Management Market 2022

The global digital asset management market is anticipated to reach a valuation of US$ 11.4 Bn by 2032 from US$ 4.3 Bn in 2022, rising rapidly at a CAGR of 10.3% throughout the forecast period.

Increased digitalization of content and the requirement for effective corporate asset collaboration, the advent of cloud-based delivery options, and the growing demand for limited access and greater protection of digital assets to avoid copyright issues are all projected to drive the digital asset management industry forward.

Furthermore, the rising demand for data integrity and the growing trend of integrating encryption technologies with digital solutions to facilitate safe digital commerce are projected to provide sufficient prospects for a rise in the sales of digital asset management.

Digital asset management adoption has been boosted by the growing demand for collaborative digital workflow, particularly for marketing and sales activities. The increased need for digital asset protection to avoid copyright concerns is driving the demand for digital asset management systems.

The demand for bettering digital assets while lowering operational expenses is projected to propel the digital asset management market size forward.

Although digital asset management solutions have numerous advantages, the initial deployment and lifetime license expenses for managing digital assets should not be overlooked. Although the overall cost of a digital asset management license and implementation rises as the number of users per account and storage capacity grows.

Furthermore, many SMEs are hesitant to use digital asset management systems due to the uncertainty around support service costs, digital asset management limits, and other minor capabilities.

digital-asset-managment-market

As per the recent digital asset management market study by Persistence Market Research, while selecting digital asset management solutions, businesses search for AI and machine learning capabilities. Companies can use AI-based digital asset management solutions to automate image tagging, which is the process of assigning keywords or information to digital assets, including files, images, text, and videos, based on what they contain.

This automated tagging allows digital assets to be quickly identified, segmented and retrieved. Digital asset management solutions can also use AI to extract metadata from digital assets, conduct forensic investigations, and evaluate the conformance nature of digital assets to ensure that users are not using copyrighted content.

Key Takeaways

  • By 2027, Asia Pacific is predicted to become a major regional player in the digital asset management business. This is due to Southeast Asian entrepreneurs' increasing emphasis on exploiting cutting-edge technologies to maintain consistent contact with clients.
  • MSMEs, which account for more than 90% of ASEAN establishments, are investing heavily in AI and other technologies to accelerate digital transformation, which is expected to increase the demand for digital asset management software in the APAC region.
  • By 2027, the hybrid sector is anticipated to have a significant proportion of the digital asset management market based on deployment. This is owing to businesses' significant focus on developing productive post-pandemic work environments, with hybrid working expected to have a revolutionary and long-term impact on firms.
  • The US digital asset management market size is projected to rise at a CAGR of 10% throughout the forecast period.

Competitive Landscape

Cognizant Technology Solutions Corp, Oracle Corporation, CELUM GmbH, Adobe Systems Incorporated, Cloudinary Ltd, and IBM Corporation are among the leading participants in the digital asset management market. To grow their footprints in this market, they have used various techniques such as expansions, agreements, new product releases, joint ventures, acquisitions, partnerships, and others.

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Recent Developments

Cloudinary Ltd introduced the Cloudinary Media Optimizer in March 2021, a new product that automates image and video optimization and provides the most suitable photos and videos in format and quality.

Cognizant bought Magenic Technologies in January 2021, bolstering its digital engineering expertise. Hundreds more engineers in the United States and the Philippines are likely to be added to Cognizant's global software product engineering network as a result of this acquisition.

Adobe released AEM Assets Part 2 in November 2021, which includes DAM deployment best practices in action. Every day, Adobe's professional services teams assist customers in architecting, developing, and deploying digital marketing solutions. It also offers advice on how to get the most out of consumers' digital assets while protecting the brand.

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Deep Packet Inspection and Processing Market by Size, Growth, Trends and Forecast – 2031

 Deep Packet Inspection and Processing Market 2022

The global deep packet inspection and processing market is expected to reach a valuation of US$ 22.1 Bn by 2032 from US$ 10.8 Bn by 2022, rising at a CAGR of 7.4% throughout the forecast period.

The deep packet inspection and processing market share is being driven by the constant advancement of cyberattacks and the necessity for network performance management and optimization solutions to successfully manage today's complex networking infrastructures.

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The increasing need for modern network performance management, as well as the necessity to fulfill increasing compliance standards, are two of the most influential aspects that have favorably impacted the demand for deep packet inspection and processing.

Deep packet inspection is used by internet service providers (ISPs) to profile networked applications in the telecommunications and information technology (IT) industries. DPI is used by ISPs to provide increased lawful interception, targeted advertising, QoS, copyright enforcement, policy definition, and tiered services.

Increasing cybercrime incidents, a growing number of wireless broadband users, and the development of data-intensive applications are all driving the deep packet inspection and processing market expansion.

Apart from that, as more government entities deal with sensitive information, there is a growing demand for deep packet inspection and processing to improve censorship security and monitoring. It also finds usage in the corporate world, where it can be used to track users and restrict their access to select websites.

As per the global deep packet inspection and processing market study, the outbreak of the coronavirus disease (COVID-19), as well as the subsequent lockdowns imposed by governments in a number of countries, the growing adoption of the remote working model, and the rising network traffic, have all increased demand for deep packet inspection and processing to improve QoS and reduce network congestion.

deep-packet-inspection-and-processing-market

Few deep packet inspection and processing market limitations include the prevalence of restricted security budgets among small and medium-sized organizations, as well as a lack of understanding about the benefits in developing nations.

The lack of competent specialists, along with concerns about privacy violations, is likely to be the deep packet inspection and processing market's biggest and most pressing obstacle.

Key Takeaways

  • Governments, Internet service providers (ISPs), businesses, education, and others make up the end-user category. Government departments collect very sensitive data that requires appropriate data security; hence they are projected to be the fastest-growing deep packet inspection and processing industry. The US deep packet inspection and processing market share is projected to be valued at US$ 7.1 Bn by the end of 2032.
  • North America has the greatest market share, thanks to increased internet usage, cloud adoption, and IoT solutions.
  • The solutions component segment is expected to rise at a CAGR of 6.9% throughout the forecast period.
  • The cloud deployment model of the deep packet inspection and processing market is likely to advance at a growth rate of 6.6% throughout the forecast period of 2022 to 2032.

Competitive Landscape

The market for deep packet inspection and processing is fragmented, as firms continue to develop new hardware and software solutions, as well as new entrants, to meet the high level of competition.

In the deep packet inspection and processing industry, several advances have been observed, including the creation of Next-Generation Firewalls (NGFWs) capable of investigating network packets up to 7 application levels of the OSI model.

In such cases, the participants compete fiercely for the opportunity to deliver new Ksolutions. Nokia (Alcatel Lucent), Huawei Technologies, and others are key players.

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Recent Developments

2020 - July Rapid7, Inc. announced that its market-leading Security Information and Event Management (SIEM) solution, InsightIDR, now includes Network Traffic Analysis (NTA). The NTA from InsightIDR captures raw network traffic flows and extracts rich metadata using a proprietary Deep Packet Inspection (DPI) engine.

This method substantially decreases data volume while preserving crucial information, making it perfect for investigations, deeper forensic activities, and the design of custom rules.

This is expected to positively impact the deep packet inspection and processing market adoption.

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Digital Commerce Platform Industry 2022 Global Key Players, Market Dynamics, Future Demand Analysis and Forecasts To 2031

 Digital Commerce Platform Market 2022

The global digital commerce platform market is expected to reach a valuation of US$ 30.6 Bn by 2032 from US$ 11.5 Bn in 2022, rising at a CAGR of 10.3% throughout the forecast period.

As the demand for digital commerce platform grows, businesses are investing in innovative digital business models to improve the consumer experience.

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Companies are taking advantage of the advantages of social media platforms in order to collect more data about consumers and better serve them by knowing customer satisfaction and dissatisfaction. In terms of availability and visibility, digital commerce has revolutionized the client experience.

In the near future, the worldwide digital commerce platform market is likely to benefit from an increase in the number of devices, tablets, and broadband connections.

The rise in the use of consumer devices and internet connectivity, which is the key factor aiding the expansion of digital media and the ecommerce sector, is now driving the worldwide digital commerce platform industry.

Due to the evolving cloud computing services that make it easier and faster for consumers to obtain digital material, the global digital commerce platform market is also experiencing significant growth. However, due to the early stage of the business, factors such as a lack of marketing skills displayed by companies and growing safety and security concerns over the use of spyware and malware are limiting the digital commerce platform market share.

Owing to the digital managing operations takes up around 60% of a marketer's time on average, merchants must learn those abilities in order to remain competitive. Furthermore, the global digital commerce platform market size's growth is likely to be hampered by the lack of a market governance framework throughout the forecast period.

As per the global digital commerce platform market study by Persistence Market Research, a single platform where consumers can explore, buy, share experiences, and be rewarded is always in demand. The digital commerce platform satisfies all of the consumer's needs.

Furthermore, digital technologies are aimed at filling in the gaps in the purchasing journey of consumers. Consumers get the smooth shopping experience they want with these technologies.

Consumers are finding the purchasing process easy because they have the option of choosing delivery from a variety of offline and online commerce routes and making the final purchase. It is bringing in new customers to internet shopping sites and positively impacting the digital commerce platform market outlook.

The development of a healthy e-commerce business complements digital commerce, allowing for income-generating and profit sharing on a bilateral basis. The development of strong e-commerce channels has given the general public more confidence in conducting all of their commerce operations through virtual channels and improving the digital commerce platform market adoption trends.

As merchants provide quality assurance to end-users, the trend of virtual shopping has gained traction. Furthermore, many people's busy lifestyles leave little time for physical shopping. In this situation, online shopping has shown to be a reliable and efficient method of purchasing and subscribing to services. This has had a positive impact on the sales of digital commerce platforms.

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Key Takeaways

  • The business-to-consumer model of the digital commerce platform market is expected to advance at a CAGR of 9.8% through the forecast period.
  • In 2022, East Asia is estimated to account for 23.9 percent of the global digital commerce platform market. East Asia's market is growing due to a growing preference for innovative technologies such as AI and augmented reality.
  • Asia is the world's fastest-growing region, accounting for the lion's share of the worldwide business-to-consumer industry. In addition, businesses are investing in digital channels. This is aided by the growing number of smartphone users and high-speed internet access.
  • The US digital commerce platform market size is projected to reach a valuation of $US 7.1 Bn by 2032.

Competitive Landscape

The market for digital commerce software is very fragmented and competitive. SAP SE, IBM Corporation, Oracle Corporation, Demandware Inc., NetSuite Inc., Sappi Limited, Intershop, Volusion Inc., eBay enterprise, TCS Ltd, Cleverbridge Inc., MarketLive Inc., and Shopify Inc., among others, are some of the major companies. Product releases, significant R&D spending, partnerships and acquisitions, and other growth tactics are used by these companies to keep up with the fierce competition.

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Customer Experience Management Market 2022 Global Trends, Growth, Opportunities and Forecast to 2031

Customer Experience Management Market 2022

The global customer experience management market is expected to reach a valuation of US$ 32.1 Bn by 2032 from US$ 10.7 Bn in 2022, rising at a CAGR of 11.6% throughout the forecast period.

The growing need to enhance customer experience engagement and lower customer churn rates, and the usage of customer-related scores to create better customer engagement strategies are all driving factors for the customer experience management industry.

Customer experience is critical in keeping customers engaged with the company and converting them into brand advocates. Customer satisfaction is defined as not just returning to the website or store several times but also sharing favorable remarks about the brand. This would encourage other customers to interact with the brand and retain and attract new customers.

As per the customer experience management market study, customer experience solutions are in high demand due to rising digital transformation in retail and healthcare. Customers have been more receptive to digital channels like e-commerce, and digital banking has evolved. Retailers have switched their focus away from physical storefronts and toward online outlets.

The customer experience management market adoption trends portray that retailers have implemented AI-enabled virtual trial rooms, chatbots, and monitoring to capture and analyze client behavior. To boost their visibility, brands use a variety of media such as social media, smartphone apps, websites, and others.

Brand recognition, marketing, and direct shopping have all increased due to the growing popularity of social media outlets such as Facebook, Instagram, YouTube, Twitter, and Pinterest.

customer-experience-management-market

Various firms use social media shops to make the purchasing process easier for their customers.

Shops on Facebook and Instagram, for example, assist retailers in acquiring new clients and allowing them to purchase directly from social media platforms.

Retailers may use consumer experience solutions to reduce customer churn, increase customer lifetime value, and retain consumers. Customer experience management market share growth is aided by changing consumer purchasing habits.

The application of e technologies, telemedicine, smart health equipment, and wearable gadgets has accelerated as a result of the digitalization of healthcare. Customer expectations in healthcare are evolving as a result of digitalization, such as 24x7 service and rapid responses. As a result, businesses are implementing various techniques to boost consumer satisfaction.

Key Takeaways

  • The US customer experience management market is expected to reach a valuation of US$ 11.1 Bn by 2032.
  • During the forecast period, the services segment of the customer experience management market is likely to increase at a faster rate. The growth of the customer experience management market is mostly influenced by the services segment. End customers can use these services to cut expenses, boost revenues, and improve business performance.
  • During the projection period, on-premises consumer experience solutions are predicted to increase at the quickest rate. On-premises solutions offer superior data security and administration. Due to expanding regulatory compliances such as GDPR, CCPA, and updated requirements, on-premises-based solutions are becoming more popular, which is expected to cater to the rising demand for customer experience management. The APAC customer experience management region is expected to develop at the fastest CAGR during the forecast period. The region's vast population has resulted in a large subscriber base for businesses. Organizations are enhancing their customer experience management services through digital touchpoints such as social networks, webpages, emails, virtual assistants, and contact centers as internet penetration and per-user electronic consumption rise.

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Competitive Landscape

Adobe, Clarabridge, Freshworks Inc., Genesys, and International Business Machines Corporation are prominent companies. To grow and reinforce their existing touchpoint-type portfolios and win new clients, these companies are investing in new customer experience management services. Mergers and acquisitions, as well as collaborations, are being used by companies to build technologically advanced touchpoint types and obtain a competitive advantage over their competitors.

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AI-Powered Storage Market 2022 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2031

 AI-Powered Storage Market 2022

The global AI-powered storage market is expected to value US$ 16.8 Billion in 2021 and US$ 21.3 Billion in 2022. The market is projected to secure US$ 120 Billion in 2032, exhibiting a healthy CAGR of 18.9% from 2022 to 2032. Expansion of the market can be attributed to the increasing need for efficient storage architecture and growing data volumes.

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The increasing number of connected devices and the rising adoption of cloud-based services are other vital factors propelling the market growth in the forecast period. Moreover, increasing internet accessibility around the globe with various developments like 5G, cloud services, blockchain, and the IoT among others are projected to fuel the industry in the coming time.

The ICT sector is projected to make a significant contribution to the economic expansion and development of the industry. As per the United Nations Conference on Trade and Development, the ICT goods exports increased from 10.816 in 2015 to 11.536 in 2019. For instance, in August 2021, NVIDIA announced that it made NVIDIA Base Command Platform, a hosted AI development hub available in North America. It would offer instant access to strong computing infrastructure wherever their data resides.

With an estimated market value of US$ 39.3 Billion and a CAGR of 18.8%, the U.S is expected to make the most significant participation to develop the market in North America during the forecast period. The growth of the market can be credited to the surging investment in the data center and increasing demand for cloud computing. Also, players in the region make a significant contribution in expanding their reach, thereby, developing the market. For instance, in June 2021, Hewlett Packard Enterprise disclosed its breakthrough HPE GreenLake cloud platform for delivering on-premises offerings for reliable and scalable cloud services.

ai-powered-storage-market

Key Takeaways:
  • The global AI-Powered Storage market is estimated at US$ 16.8 Billion in 2021
  • The global AI-Powered Storage market to procure US$ 120 Billion in 2032
  • The global AI-Powered Storage market to expand at an 18.9% CAGR
  • The Direct-attached Storage (DAS) segment to exhibit a 16.8% expansion rate
  • The Hardware segment to record 16.7% CAGR in the forecast period.
  • The U.S market to garner US$ 39.3 Billion, recording a CAGR of 18.8%
  • The U.K market to value US$ 4.9 Billion, exhibiting an 18.8% growth rate

Competition Analysis

Some key players in the global AI-Powered Storage market include Intel Corporation, NVIDIA Corporation, IBM, Samsung Electronics, Pure Storage, and others.

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Recent key developments among players include:

  • In November 2019, Dell, Inc, launched Dell EMC PowerOne. PowerOne is an autonomous solution built to deploy, manage, and consume IT services. It integrates with PowerSwitch Networking, PowerEdge computes, PowerMax storage, and VMware virtualization into a centralized system with an in-built intelligence engine to automate processes.
  • In April 2020, Microsoft Corporation and Blackrock partnered to host the Alladin infrastructure offered by Blackrock on the Azure cloud platform. By using the Microsoft Azure cloud platform, Blackrock will provide enhanced specifics to its Aladdin platform with improved computing scales.

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Friday, 27 May 2022

Asset Performance Management Market Size by Component, Application, Growth and Analysis – 2031

 Asset Performance Management Market Size 2022

The global asset performance management market is estimated at USD 2.5 Bn in 2021 and USD 2.7 Bn in 2022. The sales is projected to reach USD 7 Bn, exhibiting a 9.8% CAGR during the forecast period from 2022 to 2032. Increasing demand to manage assets efficiently and optimize total cost ownership (TCO) is expected to play a salient role in developing the market in the forecast period. SMEs and large enterprises have been identified as significant consumers of the APM, thereby, boosting the market growth in the forecast period.

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The growing inclination of enterprises to adopt a modern approach to asset performance management with Industry 4.0 is projected to offer avenues of opportunities in the coming time. Digital twins technology is anticipated to offer a remunerative scope of expansion in the forecast period.

 In addition, the introduction of modern asset management solutions during the pandemic by established players aided organizations to enhance their performance and optimize maintenance costs. This is anticipated to augment the market size in the forecast period. For instance, in October 2020, Siemens Energy and Bentley Systems informed of their collaboration to launch a performance management solution for oil and gas operators. The solution gives provides asset performance software capabilities of Bentley Systems Inc. with Siemens Energy’s oil & gas equipment proficiency.

asset-performance-management-market

Key Takeaways from the Market Study
  • The global asset performance management market is estimated at USD 2.5 Bn in 2021
  • The global asset performance management market to expand at 9.8% CAGR by 2032
  • The global asset performance management market projected to secure USD 7 Bn by 2032
  • Cloud segment to expand at 8.9% CAGR during the assessment period
  • Solutions Segment to exhibit 9.3% CAGR in the forecast period
  • U.S to garner USD 2.3 Bn recording a 9.4% expansion rate from 2022 to 2032

Competitive Landscape

The global asset performance management market is highly fragmented with various large enterprises and SMEs functioning at regional and national levels. Key players in the market include AVEVA Group, IBM, Bentley Systems, SAP, and Siemens Energy AG, among others.

  • In April 2021, Bentley Systems announced that it is developing applications using the NVIDIA Omniverse platform for real-time visualization, photorealistic, and simulation of digital twins of massive-scale industrial and civil infrastructure projects.
  • In April 2021, GE Digital disclosed updates to its SmartSignal predictive maintenance software solution, which helps industrial companies in proactively forecasting, predicting, diagnosing, and monitoring device shortcomings.

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Human Capital Management Market 2022- Growth Drivers, Opportunities and Forecast Analysis to forecast year 2031

 Human Capital Management Market 2022

According to detailed Persistence Market Research analysis, demand registered in the human capital management (HCM) market is set to increase at a CAGR of 7.7% from 2022 to 2032. The report also forecasts that the market will surpass a valuation of US$ 20.5 Bn by the end of 2022.

Adoption of human capital management solutions has been rising owing to increasing focus on effective workforce management practices and digitization of HR processes. Historic growth rate of major HCM solution providers has a significant impact due to the implementation of HR solutions from on-premise to cloud-based, and basic HR standalone solutions to integrated HCM suites. All these are developed by pioneer HCM vendors such as Oracle, Workday, Ramco Systems, and SAP.

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Shifting organizations’ preference from traditional ways of management, rising demand for automated systems & solutions, and streamlining all the aspects of business management are propelling market growth.

Integration of various emerging technologies such as Machine Learning (ML) and Artificial Intelligence (AI) with human capital management software has emerged as one of the leading growth factors for the global human capital management market. In addition, increased adoption of cloud technology by both, medium- and small-scale enterprises to manage offices and field personnel efficaciously are further estimated to create growth opportunities for human capital management system providers over the coming years.

However, growing concerns regarding data security and increasing cases of data breaches have been restraining market growth to some extent.

human-capital-management-hcm-market

Key Takeaways from Market Study
  • By solution, HCM software is anticipated to account for a leading share in the global human capital management market during the forecast period. Moreover, the segment is estimated to expand at a robust CAGR of 8% through 2032.
  • Cloud-based HCM will be a dominating segment and is anticipated to expand at a CAGR of around 9% from 2022 to 2032.
  • By enterprise size, large enterprises currently lead the market. However, demand for HCM solutions from SMEs is likely to expand at a noteworthy CAGR of nearly 8% through 2032.
  • Demand from the IT & telecom sector is estimated to increase at a strong CAGR of nearly 10.5% over the forecast period. However, the BFSI industry is likely to hold a major market share by 2032.
  • North America is expected to lead the market, followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest-growing regional market from 2022 to 2032.
  • The market in India is expected to progress at a CAGR of 12% through 2032.
  • In the U.S., sales are expected to increase at a CAGR of close to 6% over the forecasted years.

“Growing need to streamline HR operations and unified HR suites are major driving factors for the market. As such, companies need to focus on the growing need to analyze human capital management requirements, polices, and obligations,” says a Persistence Market Research analyst.

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Emerging Self-Service Technologies such as ESS (Employee Self-service) and MSS (Mangers Self-service) Tools to Make HR Information More Accessible

ESS and MSS are types of technologies that enable workers to conduct numerous human resources (HR), information technology (IT), and other administrative tasks on their own.

ESS, which is often made available via a web portal or internal portal, typically helps with routine operations such as updating personal information, accessing employee handbooks, and tracking vacation and personal days. Employee self-service portals are increasingly allowing individuals to manage their insurance policies and other perks.

Employee self-service portals provide a comprehensive set of services by combining interactive online apps with searchable knowledge databases. The interactive components of ESS systems can mix automated systems with live chat or a ticket-based help desk system.

Many employee knowledge bases include Q&A or social media-style dialogues, in which, workers answer each other's queries regarding common HR and IT issues.

Such integration in HR operations provides ease in day-to-day activities of the HR department of any firm.

Key Developments in the Market

  • In November 2021, Oracle expanded its Fusion Cloud HCM Analytics to enhance workforce insights in its HCM solutions.
  • In June 2021, Workday announced plans to deliver workday payroll for Australia and Germany. This will leverage the company’s core payroll foundation in the cloud to provide HCM, time, absence, and a payroll solution in a single system.
  • In July 2020, SAP announced the launch of SAP Fieldglass External Talent Marketplace. This is a simple solution that will aid organizations in quickly finding and hiring temporary workers.

 

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Global Electrophysiology Ablation Market by Manufacturers, Regions, Type and Application, Forecast to 2031

 Electrophysiology Ablation Market 2022

The global Electrophysiology Ablation Market is there to witness an irrevocable In Upcoming Years. Innovation in the form of digital tools is the buzzword all across. Even though it’s the youth engaging in digital and social platforms, the geriatric population could get benefited by engaging the services therein. Thus, the exponential influx of e-business, online consultations, and booking, door-step delivery are likely to run through the enterprise going forward.

According to a recent study by Persistence Market Research, the global electrophysiology ablation market is expected to witness high growth from US$ 2.5 Bn in 2021 to US$ 6.3 Bn by 2031. This reflects a CAGR of around 8.4% over the forecast period (2021-2031).

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Rising morbidity and mortality due to cardiac disorders, especially arrhythmia, make this market more demanding. Moreover, new product innovation and increased adoption of electrophysiology ablation devices by cardiologists in hospitals is expected to boost market growth over the forecast period.

The market is experiencing drastic changes with high adoption of electrophysiology ablation procedures due to rising awareness about cardiac health. Sales and marketing practices by some manufacturers are influencing the procedure and device cost in selective regions. Additionally, rising investments in the healthcare sector in emerging regions and reimbursement policies for cardiac ablation are further expected to give positive growth to this market.

Technological innovations are warranted to improve the safety and effectiveness of ablation devices, thereby helping market growth. Significant growth has been observed in two of the most dynamic segments: cardiac rhythm management (CRM) and electrophysiology (EP) segment, in recent years.

From the last few years, there has been considerable progress and innovation made in developing advances in heart rhythm therapy. Ongoing researches in this segment will help create the landscape for further product advancement in the electrophysiological ablation market. As the market is consolidated in terms of catheters being used, market leaders are focusing on increasing their product portfolios to strengthen their product acceptability at the end user level globally.

  • For instance, in June 2021, Medtronic plc received U.S. Food and Drug Administration (FDA) approval for the Arctic Front™ set of cardiac cryoablation catheters.

Leading players are focusing on investment in developing countries to increase their foothold in the market. Also, major market players have been concentrating on enhancing gains through advancements in distribution channels.

Company Profiles:

  • Biomerics
  • Biosense Webster
  • Abbott Laboratories
  • MEDTRONIC PLC
  • Boston Scientific Corporation
  • CathRx Ltd
  • Biotronik SE & Co. KG.
  • Japan Lifeline Co
  • ATRICURE, INC.
  • Auris Health

 

electrophysiology-ablation-market

 

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Key Takeaways from Market Study

  • With advanced product features and more acceptance by end users, ablation catheters hold a high market share around 47.4%.
  • 52.5% market share is held by the atrial fibrillation (AF) segment of electrophysiology ablation, due to high prevalence of this disease and need for its treatment.
  • Hospitals are expected to enjoy more than half of the market share during the forecast period because of high adoption of electrophysiology ablation devices and procedures and increased number of walk-in patients.
  • North America market is expected to grow 2.5X over the forecast duration due to rising prevalence of conditions such as atrial fibrillation and tachycardia, growing awareness regarding cardiac health, and presence of reimbursement policies in the region.

“Increasing adoption of technologically advanced devices and growing awareness about cardiac disorder and associated risks are expected to drive demand for electrophysiology ablation over the decade,” says a Persistence Market Research Analyst.

Who is Winning?

Major manufacturers of electrophysiology ablation devices have been focusing on product launches, collaborations, and partnerships for global expansion.

  • BIOTRONIK’s product the Force Sensing Ablation Catheter, the first and only gold-tipped to support effective ablations in the left atrium, got CE approval in 2020.
  • Likewise, AtriCure got into a strategic collaboration with Baheal Group for a distribution agreement to market its products across China.

Major market players covered in the report include Biosense Webster (Johnson & Johnson), Abbott Laboratories, MEDTRONIC PLC, Boston Scientific Corporation, CathRx Ltd, Biotronik SE & Co. KG., Japan Lifeline Co, ATRICURE, INC., Auris Health, and Biomerics.

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What Else is in the Report?

Persistence Market Research offers a unique perspective and actionable insights on electrophysiology ablation market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021–2031, based on product (diagnostic catheters, ablation catheters, and access devices), application (supraventricular tachycardia (SVT) ablation, ventricular tachycardia(VT/VPC), and atrial fibrillation (AF)), and end user (hospitals, ambulatory surgical centers, and clinics), across seven key regions of the world.

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Immunoassay Interference Blocker Market Key Players, Size, Share, Analysis and Forecast To 2031

 Immunoassay Interference Blocker Market 2022

Immunoassay Interference Blocker Market is likely to grow immensely, i.e. reach US$ 455 Mn at a CAGR of 6.7%. Physical health apps are gaining popularity. They are inclusive of calorie trackers, step-counters, and exercise and nutrition-based apps. These apps are to be at the forefront with regards to capitalizing on those having chronic ailments like high blood pressure, heart diseases, or diabetes. This would be a significant arm of the healthcare industry.

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As per Persistence Market Research’s latest revised industry analysis, the global immunoassay interference blocker market was valued at US$ 223 Mn in 2020, and is expected to exhibit a CAGR of 6.7% over the forecast period (2021-2031).

Substances that modify quantifiable concentration of analytes or change antibody binding can conceivably result in immunoassay interference. Prevalence of interference is usually less in assays holding blocking agents, which counteract or inhibit the interference. Detection of interference may involve usage of a different assay, or quantification before and after treatment with supplementary blocking reagents.

immunoassay-interference-blocker-market

Growing prevalence of chronic diseases and increasing aging population across the world are factors that are expected to surge the need for biochemical testing for the management of chronic diseases. Increase in aging population is likely to escalate demand for diagnostic kits and reagents for the detection of age-related as well as other chronic conditions. This is expected to drive the immunoassay interference blocker market over the forecast period of 2021 to 2031.

Governments around the world are supporting the growth of specialty medical diagnostic reagents, which further drives research & development. Immunoassay interference blocker kits and reagents play a vital role in preventing unnecessary interference generated while preforming an immunoassay-based disease detection test. Hence, an increase in growth of immunoassay interference blockers has been witnessed due to rising government support and funding.

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Key manufacturers of immunoassay interference blockers have been focusing on expansion and new product launch programs to increase their consumer base in different geographies.

  • In 2019, Bio Rab Laboratories announced the launch of an innovative test to aid in the diagnosis of Lyme disease, with the FDA clearance of the bioplex 2200 Lyme total assay.
  • In 2021, Thermofisher Scientific planned for its manufacturing site expansion in the region of Mebane, N.C. USA.

Key Takeaways from Market Study

  • Antibody interference blockers hold the largest market share as compared to other products, expanding at a CAGR of 6.4%. A similar trend is expected to continue, primarily due to their high efficiency and reliable assay outcomes.
  • The application segment is led by antibody capture assays with a share of 39.8% in 2020, owing to high, precise, and accurate results with least interference obtained via immunoassay interference blockers.
  • Academic and research institutes dominated the end user segment with a share of around 39.5% in 2020. This segment is expected to grow two-fold by the end of 2031 due to increasing usage of immunoassay interference blockers in research activities to introduce novel applications.
  • By region, North America is slated to be the largest regional market with a value share of 33.3% at the end of the forecast period, due to constant clinical efforts to establish advanced diagnostics biologics and new drug discovery in the region.

“Increasing healthcare R&D spending and government support, continual technological advancements, and growing demand for better diagnosis are boosting demand for immunoassay interference blockers,” says an analyst of Persistence Market Research.

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Impact of Market Consolidation

Considering consolidation activities in the global market, strategic focus on novel product development and research based on advanced immunoassay interference blockers are some of the key growth strategies by market players. Prominent players are strengthening their product ranges through acquisitions and reaching out to key as well as emerging markets.

For instance:

  • In April 2020, Bio Rad Laboratories, Inc. announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease.

Market Landscape

The exhaustive research report on global immunoassay interference blocker market has detailed analysis on the various key players involved in this market.

Key companies such as Abcam plc, AMS Biotechnology (Europe) Limited, Aviva Systems Biology Corporation, Bio-Rad Laboratories, Inc., Meridian Bioscience, Inc., Roche Diagnostics GmbH, Rockland Immunochemicals, Inc., Scantibodies Laboratory, Inc. and Thermo Fisher Scientific are profiled in this research study.

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Functional Brain Imaging Systems Market by Component, Application, Growth and Analysis – 2031

 Functional Brain Imaging Systems Market 2022

global Functional Brain Imaging Systems Market is currently valued at around US$ 4.2 Bn, and is set to experience a significant 6.3% CAGR with Projected Market Value of US$ 7.7 Bn from 2021 to 2031

The healthcare vertical is expected to accelerate based on IoT (Internet of Medical Technology). The key players in some help in designing and tuning to sophisticated custom software. Also, iTunes or Google Play catalogs have encompassed healthcare and wellness mobile apps. With synchronization with wearables like fitness trackers or pulsometers for using data collected via sensors placed on the body for reporting/analyzing health conditions, the Functional Brain Imaging Systems Market is there to take the healthcare vertical by storm in the next 10 years.

Increasing incidence of neurological disorders globally, such as Alzheimer’s disease, epilepsy, and other dementias; cerebrovascular diseases, including migraine, brain tumors, and other headache disorders; and traumatic disorders due to head trauma; is anticipated to fuel demand for functional brain imaging systems over the coming years.

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Advanced research & development and rapid pace of advancements in embedded systems and microelectronics have accelerated development and improvement of brain signal monitoring technologies such as multichannel EEG and fMRI devices. Functional brain imaging system manufacturers are expected to see new growth prospects as the healthcare diagnostic industry evolves and new measures for neurological illness management become available.

Furthermore, increasing need for intensive care for traumatic brain injury and brain aneurysm and availability of new advanced magnetics technologies in these devices are further anticipated to escalate the ease of investigating the central nervous system with lesser processing time. This is expected to boost revenue growth and adoption of functional brain imaging systems over the decade.

Adoption of hybrid imaging consisting of positron emission tomography (PET) and MRI scan is increasing globally. Asian countries and many countries from Africa are attracting and encouraging start-up companies as well as global manufacturers to set up their manufacturing facilities in their regions, especially in the healthcare sector. Major manufacturers of brain imaging systems can grab these opportunities to capitalize on economies of scale so as to strengthen their position in the market.

Company Profiles:

  • Koninklijke Philips N.V.
  • General Electric Company
  • Canon Medical Systems Corporation
  • EB Neuro S.p.A.
  • MinFound Medical Systems Co., Ltd
  • Neurosoft
  • Medtronic Plc
  • Nihon Kohden Corporation
  • Hitachi Medical Systems
  • Elekta
  • Siemens AG
  • General Electric Company

functional-brain-imaging-systems-market

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Key Takeaways from Market Study

  • By product, electro encephalography systems are expected to hold 54.3% market value share by the end of 2031, primarily because of high prevalence of central nervous system disorders.
  • Based on modality, standalone devices are leading with 78.7% market share in 2020, encompassing stationary healthcare settings, including hospitals.
  • Hospitals dominated the end-user segment with a share of around 50.6% in 2020, due to increasing imaging and diagnostic procedures for infectious diseases.
  • By region, North America is slated to be the leading market with a value share of 37.2% at the end of the forecast period, owing to the presence of major market players in the region.

“Rising prevalence of infectious diseases affecting the central nervous system and subsequent occurrence of neural disorders will drive demand of functional brain imaging systems,” says an analyst of Persistence Market Research.

Market Competition

Acquisitions, mergers, expansions, and product launches are key strategies adopted by manufacturers to increase their consumer base in different regions.

  • In 2020, Medtronic received both, CE mark and FDA approval, for its devices- Percept™ PC Deep Brain Stimulation (DBS) System with BrainSense™ technology. This DBS system provides personalized and data-driven neurostimulation treatment by way of capturing, recording, and tracking patient-specific brain signals.
  • In November 2019, Canon Medical Systems Corporation acquired Switzerland-based MRI research & development company Skope Magnetic Resonance Technologies AG. This acquisition is expected to facilitate the development of innovative technologies in MR imaging and diagnostics.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the functional brain imaging systems market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.

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The research study is based on the product (Functional MR Imaging (fMRI) Systems, Functional Near Infrared Spectroscopy (fNIRS) Systems, Magnetoencephalography (MEG) Systems, Positron Emission Tomography (PET) Systems,  and Electroencephalography (EEG) Systems), modality (standalone device and portable device), end user (hospitals, office-based clinics, ambulatory surgical centres, and diagnostic imaging centres), across seven key regions of the world.

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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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Thursday, 26 May 2022

Application Delivery Controller Market, Competitive Landscape Growth, Size and Share Forecast to 2031

 Application Delivery Controller Market 2022

As per the study by PMR, the application delivery controller market is projected to reach US$ 7.4 Bn by 2032 from US$ 3.2 Bn in 2022. The market is likely to grow at a high CAGR of 8.7%. The increased need for organizations to improve efficiency and lower operational costs is projected to drive demand for application delivery controllers in a variety of industries. ADC is used to decrypt traffic before it reaches the server in order to be able to handle both encrypted traffic as well as decrypted traffic.

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In response to the growing need for cloud-based applications and the use of new technologies and data centers, demand to maintain and optimize, the application delivery controller market is expected to grow during the forecast period. In order to protect sensitive financial data from breaches with minimum risk and maximum return, cyber-attacks and the dynamic nature of the security industry have increased. Banking institutions are moving, at an accelerated rate, toward the cloud, which shows that they are capable of deploying these delivery controllers in the ADC market.

The future growth of IT & Telecom is anticipated to be positively impacted over the next few years by such developments as Bring Your Own Device and Choose Your Own Device that is anticipated to emerge in the coming years. New businesses are anticipated to be established in emerging economies, which is expected to further propel the demand for cloud-based solutions.

application-delivery-controller-market

Key Takeaways
  • The application delivery controller market is expected to reach a valuation of US$ 7.4 Bn by 2032.
  • North America is likely to have the largest share of the market for application delivery controllers.
  • COVID-19 is predicted to have a positive impact on the growth of the ADC industry due to the increasing acceptance of work-from-home culture by various firms.
  • The US market size is projected to reach US$ 2.6 Bn by 2032, at a growth rate of 8.5% over the forecast period.
  • According to the forecast, the vertical application delivery controller market is expected to grow at a CAGR of 8.3%.

Competitive Landscape

As per the global application delivery controller market study, with significant suppliers such as F5 Networks, Citrix Systems, A10 Networks, Fortinet, Radware, Webscale, Barracuda Networks,

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Total Uptime Technologies, Array Networks, and Cloudflare the application delivery controller industry is moderately fragmented. In order to gain a competitive advantage, the companies rely on strategic collaboration activities and acquisitions to broaden their client base and gain market share.

  • To simplify the introduction of a zero-trust model to secure published workloads and services, Kemp announced the launch of the Zero Trust Access Gateway architecture in May 2021. Using the ZTAG solution, customers will be able to apply zero trust logic to load-balanced web-based applications using proxy, authentication, access logic, and automation.
  • In June 2021, Radware and Fujitsu teamed up with healthcare organizations across Spain to alleviate challenges posed by Covid-19. To balance network load for web, mobile, and cloud-based applications, Fujitsu implemented Radware Application Delivery Controller Alteon across healthcare organizations.

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Big Data as a Service (BDaaS) Market 2022 Global Trends, Market Share, Industry Size, Growth, Opportunities and Forecast to 2031

 Big Data as a Service (BDaaS) Market 2022

As per a study by Persistence Market Research, from US$222.6 billion in 2022 to US$247.7 billion in 2032, the global BDaaS (Big Data as a Service) market is predicted to grow at a 25.7% CAGR from 2022 to 2032. The combination of big data analytics technologies and cloud computing platforms has led to the development of Big Data as a Service or BDaaS. BDaaS offers analyses of large and complex datasets over the Internet or as cloud-hosted services.

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The rise in the growth in data due to digitization and automation, and rise in the growth for demand in Industries to gain actionable insights from big data, which is driving the market demand for BDaaS. Moreover, the rising number of connected devices globally is one of the factors that is expected to fuel the market growth during the forecast period. End-user industries such as government, media & entertainment, retail, BFSI, and manufacturing are adopting connected devices for their business and manufacturing units.

Some other factors that are accelerating the growth of the BDaaS Market include the growing demand in industries, which will gain actionable insights and growing organizational data across industries due to digitalization and automation of business processes. Further, the growing demand of real-time data analytics is another factor that is fueling the market growth during the analysis period. In addition, increase in the adoption of predictive modeling tools, rise in the government initiatives supporting big data infrastructure, rise in the growth in data due to digitization and automation, and rise in the growth for demand in Industries to gain actionable insights from big data. These factors are favoring the market growth over the analysis period.

bdaas-market

Key Takeaways:
  • On the basis of Component, the solutions category from the BDaaS market is expected to grow at the fastest CAGR of 25.0% during the forecast period.
  • Public Cloud is expected to grow at a high rate in the deployment sector of the BDaaS market, with a CAGR of 25.0% during the forecast period.
  • The BDaaS market for the US is expected to be worth US$ 88.4 billion by 2032, with a CAGR of 25.5% over the forecast period.
  • The market size for BDaaS in China is expected to reach US $17.8 billion by 2032, growing at a CAGR of 25.0% during the research period.
  • UK is expected to reach a market size of US$ 10.2 billion in the BDaaS market by 2032, with a CAGR of 24.2% during the research period.
  • Japan is expected to have a market size for BDaaS of US$ 14.4 billion by 2032, with a CAGR of 23.8% during the research period.
  • By 2032, South Korea is expected to reach a market size of US$ 9 billion in the BDaaS market, with a CAGR of 23.0% during the research period.

Competitive Landscape:

Major players such as IBM Corporation, Hewlett Packard Enterprise, and Oracle Corporation are expected to dominate the market share in terms of revenue. This domination is owing to the rising investment for developing advanced BDaaS to cater to industries such as manufacturing, BFSI, healthcare, and others.

  • In November 2020, Snowflake Inc. extends its data cloud capabilities by launching advanced big data services equipped with features such as Snowpark (big data service), unstructured data such as audio, video, pdfs, row access policies, and others.
  • In November 2019, Google Cloud collaborated with Deloitte Touché Tohmatsu Limited to offer advanced cloud computing solutions and services to create significant opportunities for big data applications.
  • In October 2018, IBM announced the decision to acquire Red Hat Inc. for USD 34 billion. By this acquisition, IBM became the world’s number one hybrid cloud provider, offering companies the only open cloud solution that may unlock the full value of the cloud for their businesses.

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Find More Valuable Insights on BDaaS Market

Persistence Market Research puts forward an unbiased analysis of the global BDaaS market, providing historical demand data (2015-2021) and forecast statistics for the period of 2022-2032. To understand the opportunities in Big Data as a Service, the market is segmented on the basis of component, deployment type, organization size, and vertical across five major regions.

About PersistenceMarketResearch:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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Persistence Market Research

305 Broadway,7th Floor New York City, NY 10007 United States

Call +1-646-568-7751

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sales@persistencemarketresearch.com