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Market Analysis

 Market Research Future (MRFR) predicts the global Mobile Device Management Market Analysis to witness massive growth from 2020 to 2030 (forecast period).

 Mobile device management is a security software used by the IT departments of different organizations. This security management software helps manage, monitor, and secure smartphones, desktops, laptops, and other electronic devices. The increase in productivity of both workers and companies is anticipated to propel the mobile device management industry's growth. In addition, increasing ownership of tablets and smartphones, together with immense product development in terms of features and new technology, is boosting the mobile device management market.

 The solution market segment is projected to hold the largest share in the forecast period. The introduction of new business applications and technologies and the use of corporate-owned devices are expected to drive the market for mobile device management solutions. In addition, the increasing adoption of bring your own device (BYOD) trend in organizations is also accelerating the growth of the mobile device management market. As per a survey conducted in 2016, 40% of US workers use their smartphones, laptops, and desktops for business-related work as part of the BYOD trend, which ultimately helped companies improve their productivity and reduce their infrastructure costs.

However, the budget restrictions in deploying mobile device management solutions in small and medium-sized enterprises, along with employees' hesitancy to use mobile device management solutions on their devices due to privacy issues, are some of the main factors restricting the adoption of mobile device management solutions.

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COVID-19 Impact on the Global Mobile Device Management Market

 Mobile device management software played a key role during the COVID-19 pandemic. The rapid spread of the disease around the world has prompted most governments to introduce preventive measures, such as lockdown within countries. Owing to the lockdowns, the majority of businesses have allowed their workers to work from home to avoid the spread of the virus. According to the MRFR report, more than 50% of workers worldwide work remotely. Mobile device management software helps administrators track and manage laptops and tablets in the current predicament, as data breaches are a critical concern during this period. Mobile device management software applications can make remote work more manageable and ensure the protection of devices. In addition, the rising trend of the 'bring your own devices' (BYOD) policy and the use of company-owned devices are also pushing the growth of the industry. Companies have invested strongly in providing company-owned devices to workers, considering the loss of revenue during the pandemic, which has had a positive effect on the development of the market. Mobile device management software helps companies remotely manage, deploy, and secure their mobile devices to keep their businesses running normally. The continuation of the BYOD trend to control the spread of the virus in the post-pandemic period is expected to drive market growth. The introduction of BYOD policies for employees ensures device efficiency, data protection, and worker productivity while lowering the total cost of ownership.

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 Market Segmentation

The global mobile device management industry has been segmented into vertical, deployment, type, and organization size.

Based on vertical, the global market has been segmented into BFSI, government and public sector, telecommunication, software and technology, media and entertainment, retail, healthcare, education, transportation and logistics, manufacturing, and others.

Based on deployment, the global market has been segmented into on-cloud and on-premise

By type, the global market has been segmented into services and solutions.

Based on organization size, the global market has been segmented into small and medium-sized enterprises and large enterprises.

Regional Analysis

Region-wise, the global mobile device management has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America to lead the global market

North America is set to dominate the market due to the rapid adoption of mobile device management solutions within numerous organizations to safeguard their device data.

Key Players

Prominent players in the mobile device management software are BlackBerry (Canada), Microsoft (US), SOTI (Canada), VMware (US) IBM (US), MobileIron (US), SAP (Germany), Citrix Systems (US), AirWatch (US) and Sophos (UK).

Summary

The global mobile device management market is set to witness massive growth from 2016 to 2022 (forecast period). Key factors driving market growth include increased productivity of employees and business owners, increased ownership of smartphones and tablets, and the introduction of new products with advanced features and cutting-edge technologies.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Market Highlights

As per the analysis by the Market Research Future Reports (MRFR), the global Next Generation Wireless Communication Industry is likely to grow at a significant CAGR during the review period. The increasing adoption of consumer electronics is driving the global next-generation wireless communication market 2020. With the constant developments in the internet and other communication technologies, the communication market has enhanced significantly. Next-generation communication is the most excellent example of such a trend. The global next-generation communication technology is expected to experience a tremendous expansion in the forthcoming period. With technological advancements such as e-commerce, IoT, the next generation wireless market has grown significantly, and the demand has increased considerably. The robust growth in the mobile industry, rising consumer needs, and innovation of new services and products have aided in the expansion of the market at a global level. However, the high cost of development and infrastructure can be an obstruction in the global expansion of the market.

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Segmentation:

The global next-generation wireless communication market can be segregated on the basis of application, technology, and region.

On the basis of application, the global next-generation wireless communication market can be segregated into Industrial, Telecommunication, Consumer Electronics, Retail, Automotive, Aerospace & Defence, Healthcare.

On the basis of technology, the global next-generation wireless communication market can be segregated into Digital TV broadcasting, Wireless LAN, 3G, 5G, WiMAX, 4G LTE, Wi-Fi & Bluetooth, and a few others.

On the basis of region, the global next-generation wireless communication market can be segregated into Europe, North America, Asia-Pacific, and the Rest of the World.

Regional Analysis

The geographical analysis of Europe, North America, Asia-Pacific, and the Rest of the World (RoW) has been performed. As per the analysis, the North American market leads the market of next-generation wireless communication. The market is expanding at a very fast pace owing to the technological development in the region. With the presence of developed countries like Canada and the U.S are dominating the world in the aspect of technology, adoption of technology, and the innovation of technology. Today, North America holds a considerable market share, which has a significant market value. The second position is attained by the European market. It is the second most lucrative market for wireless communication and holds a significant amount of market share. The APAC region has proven to be the fastest-growing region with a promising CAGR. With the presence of developing countries like India, Japan, and China, the APAC region has emerged to be developing at a breakneck pace. The constant development of Asian countries is the primary reason for the expansion of the market in the APAC region.

Key Players

The forefront players in the market of next-generation wireless communication are Qualcomm (U.S.) Huawei (China), AT&T (U.S.), IBM Corporation (U.S.), Cisco Systems (U.S.), NEC (Japan), Netgear Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), Ericsson (U.S.) and a few others.

Industry News

April 2020, Wi-Fi is receiving its most significant upgrade in 20 years. The Federal Communications Commission voted in favor of opening up a plot of spectrum in the 6GHz band for unlicensed usage, which is the same regulatory that allows your router broadcast over 2.4 GHz and 5GHz.

April 2020, DISH Network Corp, a U.S based television provider, has announced its deal with Mavenir, a Texas-based mobile network software provider for its 5G network. Dish Network has vowed to build a 5G network by 2023 to take on the big three U.S telecommunication giants.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

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Market Synopsis

 As per an evaluation performed by Market Research Future Reports (MRFR), the global Mobile User Interface Services Market Research 2020 is likely to be driven by the companies that are making massive investments in advancing techniques for giving an improved experience of the mobile user interface. Moreover, the technological improvement and the growing adoption of mobile applications are estimated to be the most significant factor driving the expansion of mobile user interface services market 2020. Furthermore, the growing popularity of e-commerce and deployment of mobile applications for the same purpose has also assisted immensely in developing the mobile application with efficient user experience. In addition, it has also been observed that established players in the mobile user interface services market are making massive investments in upgrading the mobile user interface. However, the dearth of awareness about the ROI on mobile user interface services can be considered as an impeding factor for the growth of the mobile user interface services market in the forthcoming period. 

 On the other hand, the outbreak of coronavirus has affected the dynamics of the mobile user interface services market. Several regions have been affected adversely due to the spread of coronavirus. We will provide an aftermath report on the global mobile user interface services market. Thorough impact analysis of the market has been performed. 

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 Regional Analysis 

 The global mobile user interface services market can be classified on the basis of UI hardware, industry vertical, interface type, platform, application, and region. 

 On the basis of UI hardware, the global mobile user interface services can be segmented into MEMS, controller ICs, display panels, and cover glass.

 On the basis of industry vertical, the global mobile user interface services can be segmented into healthcare, finance, IT, enterprise, education, SAAS, and others.

 On the basis of an interface type, the global mobile user interface services can be segmented into SMS/MMS, Interactive Voice Response (IVR) Systems, Mobile Web, Hybrids, and Native Applications.

 On the basis of platform, the global mobile user interface services can be segmented into iOS, Android, and Windows.

 On the basis of application, the global mobile user interface services can be segmented into tablet and smartphone.

 On the basis of region, the global mobile user interface services can be segmented into North America, Europe, Asia-Pacific and the Rest of the World (RoW). 

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 Regional Analysis 

The regional analysis of North America, Europe, Asia-Pacific and the rest of the world has been carried out. As per the analysis conducted by market research future reports (MRFR), North America is likely to dominate the Global mobile user interface services market during the review period. Among all nations of North America, the US and Canada are estimated to make the most substantial contribution in the region. Besides, the increasing usage of smartphones in the region is further likely to augment the regional market. On the other hand, Europe is likely to make a substantial contribution in expanding the regional market during the forecast period. The increasing adoption of mobile applications across several verticals is the most crucial factor driving the regional market. Talking about the APAC region, the region is likely to expand at a significant CAGR during the review period. Countries like India and China are making the most substantial contribution to expanding the market. The region is witnessing a rise in demand for smartphones. 

However, the market dynamics are likely to experience a slight change due to the outbreak of COVID-19. 

Key Players 

The global players of the market are LG (South Korea), Apple Inc. (US), HTC (Taiwan), Microsoft Corporation (US), Google (US), Samsung (South Korea), Rossul Design (Canada), Qualcomm Inc. (US), Adobe (US), and Fujitsu (Japan), and a few others. 

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

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+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

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Market Highlights

Mobile money or mobile wallets refer to technology for spending and storage of money with the help of a mobile phone. The proliferation of the Internet and procurement of smartphones has paved the way for mobile wallets to flourish in the online payment ecosystem. Digital transformation of banks and financial organizations as well as supportive regulations for non-financial organizations to launch mobile applications for financial organizations can bode well for the global mobile money market. Market Research Future’s report on the global mobile money market focuses on growth engines and challenges for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its effects on the industry are included in the report.

Market Scope

The global mobile money market size can touch USD 99 billion by 2023. It can display a CAGR of 31% during the forecast period. The huge penetration rate of smartphones and opportunities in micropayments and data based financial services can bode well for the market. Efficiency of mobile wallets and its high transaction rate can develop mobile money technology. Moreover, the ease in conducting financial transactions and use of modes such as UPI, smart cards, QR codes can favor the market demand greatly.

The rapid pace of online shopping due to ecommerce websites as well as discounts on products for attracting customers can drive the download rate of mobile money applications. Adoption of mobile payments by physical stores and rise of proximity payments can drive the market growth. Push towards cashless payments amid the COVID-19 pandemic is expected to benefit mobile payment developers. Recently, PayTM and AGTech Holdings have decided to collaborate on development of interactive games and other modes of entertainment for keeping customers engaged on mobile applications. Moreover, the introduction of blockchain for securing financial transactions can facilitate market growth.

However, regulations on online payment can restrain market growth.

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Segmentation:

By the nature of payment, the mobile money market is segmented into P2P, P2B, B2P, and B2B. Domestic P2P continues to be the leader in terms of market share in this segment.

By transaction mode, the mobile money market is segmented into SMS, mobile banking, mobile applications, smart card/NFC, and others.

By financial service, the global mobile money market is segmented into mobile money, mobile credit, mobile savings, and mobile insurance.

By industry vertical, the global money market is segmented into BFSI, media & entertainment, travel & hospitality, web services, retail, and healthcare among others. The retail segment is expected to lead in revenues due to the use of mobile wallet applications for purchase of goods. Low processing charges, faster checkouts, and less lines can favor the market over the forecast period.

Regional Analysis

Asia Pacific (APAC) held the largest market share due to presence of mobile payment solution providers and leading market players such as Alipay. China and India are the biggest contributors to the region. Penetration of mobile phones and supportive infrastructure via QR codes can drive the demand for mobile money. Adoption of ecommerce applications and utilization of electronic payments can provide new opportunities to the market.

North America can also capture a sizeable share of the global mobile money market owing to adoption of smartphones and need for payment gateways.  Introduction of NFC and point-of-sale terminals for transfer of funds can drive the demand in the region. In addition, collaboration of mobile wallet developers with banks and payment service vendors can augur favorably for the market.

Competitive Outlook

Amazon Pay, Alipay, Google pay, Chase Pay, Apple Pay, MasterCard, WeChat Pay, Vodafone Group PLC, PayPal, and Samsung Pay are prominent players of the global mobile money market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com 

 

 

Regional Analysis

The regional analysis of Wireless Video Surveillance Market is studied for North America, Europe, Asia-Pacific, and the rest of the world. Among the regions mentioned above, the wireless monitoring system and surveillance have spread its roots in North America and most of Europe. Wireless monitoring systems are rapidly replacing the traditional monitoring and surveillance system. There is a rising need for efficient video surveillance in public as well as private sector across the US, Canada, UK, France, and Germany. There is a close competition between North America and Europe for the dominating region. However, Europe is expected to lead the market by the end of the forecast period due to emerging startups and already established vendors in this region catering to the growing need for effective security measures across the globe. On the other hand, Asia-Pacific is expected to be the fastest growing region. One of the major factors for this fast growth is urbanization and fastest growing emerging economies.

Market Scope 

The market is driven by benefits of Wi-Fi such as flexible connectivity, accurate data transmission, cheap installation, and fast transfer of data. Implementation of remote surveillance networks for enhancing the security in commercial and industrial premises can drive the market demand over the forecast period. Wireless sensor networks are put in place for video monitoring of specific places and archived for later viewing. Establishment of consortiums for defining certain standards and rules for protecting data gained by surveillance and monitoring can bolster the market demand. In addition, development of mobile apps for monitoring and availability of customized kits for easy installation of systems will benefit the market in the long run.

Alternative to Wi-Fi such as Bluetooth Low Energy, NB-IoT, and Zigbee and the low security features of wireless technology are major challenges faced by the market.

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Segmentation

 By component, the market is segmented into hardware, software, and services. Hardware is further segmented into network equipment/nodes, monitoring stations, cameras, servers, and others. Services are segmented into monitoring, designing & implementation, and control services.

By type, the market is segmented into wireless personal monitoring system, wireless video monitoring system, wireless security monitoring system, and wireless network monitoring system.

By connectivity, the market is segmented into cellular/LTE, Wi-Fi, Bluetooth/BLE, Zigbee, 6LoWPAN, Z-Wave, NB-IoT, and others.

By end-user, the market is segmented into healthcare, BFSI, security, infrastructure, government, entertainment & media, and others.

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Competitive Landscape

National Instruments Corporation, Axis Communications AB, Cisco Systems Inc., Uniden Corporation, Panasonic Corporation, The ADT Corporation, Robert Bosch GmbH, Honeywell International Inc., D-Link Corporation, and Texas Instruments Inc. are key players of the global wireless monitoring and surveillance market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Market Research Future (MRFR) report on the global NSS Market Size is a critical evaluation that offers a succinct overview of the industry. The study covers the COVID-19 analysis of the global navigation satellite system (GNSS) market and offers a comprehensive and reliable illustration of market segments, recent trends, growth estimates, and market challenges from 2020 to 2027 (forecast period) with a view to identifying economic opportunities.

 The Global Navigation Satellite System (GNSS) is used to identify a user's geographical location anywhere in the world. GNSS helps electronic receivers to locate the exact location of a person by using geospatial frequencies. The GNSS uses the triangulation method to locate the user with the aid of calculations involving information from a variety of satellites. Common GNSS systems are the United States' Global Positioning System (GPS), the Russian Federations Global Orbiting Navigation Satellite System (GLONASS), and Europe’s Galileo. Every satellite system transmits coded signals at precise intervals. The receiver receives the signal and converts it into information related to velocity, position, and time estimates. With this information, any receiver near the surface of the earth can calculate the exact distance between the transmitter and the receiver and the actual location of the transmitting satellite.

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 In the event of a failure of satellite systems, the GNSS receivers immediately pick up signals from other adjacent systems. The four criteria used to measure the performance of GNSS are accuracy, integrity, continuity, and availability. Accuracy depends on the difference between the measured value of the receiver and the actual position. Integrity is the capacity of the system to provide notifications before any system error is detected. Continuity is the ability of the system to function without interruption. Availability is a measure of the time the signal takes to fulfill all the accuracy, integrity, and continuity criteria.

Market Dynamics

 The growing emphasis on positioning, navigation, and timing (PNT) tools in industrial, military, commercial, and government applications and increasing demand for indoor positioning and navigation devices and consumer privacy solutions are boosting the global navigation satellite system market. However, ease of accessibility that leads to cyber threats and issues related to the storage of unstructured data restricts the GNSS industry's growth.

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 Market Segmentation

The global navigation satellite systems market has been segmented into application and technology. 

By application, the global navigation satellite systems market has been segmented into agriculture, aviation, location-based services, maritime, road, rail, surveying, and time & synchronization. Location-based services are further divided into smartphones, tablets, digital cameras, portable computers, sport & wearable’s, personal tracking devices, search & rescue (PLB). Maritime is further divided into search & rescue (plb), search & rescue (epirb), traffic management, merchant navigation, homeland security, inland water transport (iww) navigation, recreational navigation, ports, marine engineering, and fishing vessels. Surveying is further divided into cadastral, construction - machine control, construction - person based mining, mapping, and marine surveying. Timing & synchronization is further divided into telecommunication, energy, and finance.

By technology, the global navigation satellite systems market has been segmented into global constellations and satellite-based augmentation systems (SBAS). Global constellations are segmented into GPS, GLONASS, Galileo, and BeiDou. Satellite-based augmentation systems is divided into EGNOS (Europe), WAAS (North America), GAGAN (India), and MSAS (Japan).

Regional Analysis

By region, the global navigation satellite systems market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America is expected to dominate the navigation satellite systems market in the forecast period. The US, Canada, and Mexico lead the navigation satellite systems market in the North American region. In the United States, this market is growing steadily as they have their own GNSS (global navigation satellite system) name NAVSTAR GPS.

The market for navigation satellite systems in Asia Pacific is also expected to develop faster during the forecast period due to the presence of large telecommunications industries. Consumer electronics like mobile phones, which increase scope of application for navigation systems in the Asia Pacific region. Recently, India’s PSLV launched 31 satellites in a single flight in which 2 satellites are from other countries.

Key Players

The industry leaders in the GNSS market are Qualcomm Technologies International Ltd. (US), Trimble Navigation Ltd. (US), AgJunction, Inc. (US), Garmin Ltd. (Switzerland), Hexagon (Sweden), Raytheon Company (US), Topcon Corporation (Japan), Rockwell Collins (US), Furuno Electric Co Ltd. (Japan), and TomTom NV (Netherlands) among others.

Trimble Inc. is one of the major players in the GNSS industry. Trimble provides products and solutions regarding GNSS like Integrated GNSS Systems, Modular GNSS Systems, Data Radios, Software-Based Receivers, Handheld GNSS Systems, and Antennas.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Market Overview

 IT service management is considered a process-based service. It has widespread uses because it provides software solutions in various sectors. It is specially designed for delivering IT-related services to business professionals to meet the need of consumers. The robust growth of IT sectors and companies is highly demanding for IT services and management solutions. The rise in the number of IT employees and the use of IT devices and services are propelling the growth of the IT Service Management Market Share.

The major growth factors are responsible for emerging the trends of the market. The rise in the adoption of cloud-based technologies for the high security of data in huge IT companies is acting as a key driving factor. Most organizations are opting for IT service management solutions as a feasible option in companies' workplaces.

 Due to the frequent changes in advanced technology and features and dynamicity in technology, businesses and enterprises are highly demanding cloud-based solutions. The growth of different enterprises such as small and medium-sized enterprises and large enterprises are chiefly driving the IT Service Management Market. Due to these huge growth opportunities are emerging, which is accelerating the market trends. Therefore, the IT Service Management Market is estimated to witness a healthy CAGR of 9.10 % during the forecast period.

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 Market Segmentation

 The IT Service Management Market is segmented into various segments based on end-users, deployment, and type. These segments play an effective role with their respective services to enhance the demand of the global market. The market size is wide and diverse, and it is fragmented into various types due to the business and enterprises.

 The IT Service Management Market is sub-divided into IT asset management, network management, configuration management, application performance management, and DBMS management based on the type segment. Further, in the deployment segment, it comprises on-premise and cloud-based. The cloud-based segment is emerging due to its integration, development, and processing solutions. 

The end-user segment is the vast section of the market, as it consists of various sectors such as manufacturing, BFSI, telecommunication, media, healthcare, entertainment, retail services, and much more. The market has huge applications in these sectors.

Regional Analysis

According to the geographical status of the IT Service Management Market, it shows the market's growth in the major regions of the world such as North America, Europe, Asia Pacific, and the rest of the regions. Among the above major regions, the Asia Pacific is expected to reach the highest CAGR during the forecast period.

Meanwhile, North American is considered to hold the largest market share due to the presence of major developed countries like the USA and Canada. The enterprises of these regions provide affordable solutions for the users. They are also known for providing platforms for software applications to develop IT solutions on the requirement. As discussed earlier, the Asia Pacific will grow rapidly in the future days. The other regions will even show significant growth during the review period.

Industry News

IBM Corporation, an emerging clear player in the market, will expand its customer base. It aims to establish a wide geographical footprint with the help of its distribution channels which is helping in increasing the quantum of revenues.

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Market Research Future (MRFR) report on the global Manufacturing Analytics Software Market is a comprehensive evaluation that provides a rigorous overview of the field. The report covers the COVID-19 analysis of the global manufacturing analytics market and provides a systematic and detailed explanation of market segments, recent developments, growth projections, and market challenges from 2019 to 2027 (forecast period) to identify economic opportunities.

Manufacturing Analytics is an application that allows manufacturing companies to understand machine data. Manufacturing analytics performs tasks, including data acquisition, calculating the manufacturing KPIs, filtering and contextualizing data, and generating role-based visualizations & dashboards. Manufacturing analytics is used to improve process performance, centralize production monitoring, turn real-time data into just-in-time insights, and better serve customers. Manufacturing analytics helps businesses achieve more cost-effective production by tracking and analyzing and improving client experience. Manufacturing analytics also allows optimized business operations to attain full-cycle visibility across business data and hardware.

Market Dynamics 

The rise in the adoption of Industrial IoT, the increase in investment in big data for manufacturing, and the increase in the need for process optimization are some of the main factors pushing the growth of the market for manufacturing analytics. Nevertheless, the lack of integration with legacy systems and the shortage of qualified workforce are some of the significant aspects that restrict the growth of the manufacturing analytics market. Furthermore, advanced technologies like VR and AR with manufacturing analytics are expected to create new opportunities for the demand for manufacturing analytics.

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Market Segmentation

 For a better understanding of the report, the global manufacturing analytics market has been segmented on the basis of types, application, deployment mode, and end-user industries.

Based on types, the global manufacturing analytics market has been segmented into software and services. Services have been further segmented into managed and professional.

On the basis of application, the global manufacturing analytics market has been segmented into predictive asset management, power and energy, inventory management, supply chain analysis, emergency, sales & customer support, and others.

Based on deployment, the global manufacturing analytics market has been segmented into on-demand and on-premise.

Based on end-users, the global manufacturing analytics market has been segmented into electronics equipment manufacturing industries, automotive and aerospace manufacturing industries, chemicals and materials manufacturing industries, food and beverages manufacturing industries, pharma and life science industry, machinery and industrial equipment manufacturing industries, paper, pulp, plastic, and rubber manufacturing industries and others.

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Regional Analysis

Region-wise, the global manufacturing analytics market has been segmented into North America, Asia Pacific, Europe, and the Middle East & Africa. 

North America is projected to be the largest manufacturing analytics market in the forecast period, followed by Europe. The rise of the manufacturing analytics market in this area is due to a high emphasis on innovations through research and development and technology upgrades such as big data and cloud services across different manufacturing industries. The market is expected to see the fastest growth in the Asia Pacific during the forecast period.

Key Players

The industry giants in the global manufacturing analytics market are- Computer Science Corporation (CSC), Zensar Technologies Ltd., Tableau Software, SAS Institute, Inc., Oracle Corporation, SAP SE, IBM, Statsoft, Inc. 1010data, Inc., Alteryx, Inc., among others.

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Market Analysis

 Market Research Future (MRFR) projects the global independent software vendors (ISVs) market to reach USD 702.6 Million at a 14.1% CAGR from 2020 to 2030 (forecast period). 

An independent software vendor (ISV) defines as individuals and organizations that develop, market, and offer software that runs on third-party software and hardware platforms. With the introduction of digital disruption, companies are focusing more on process innovation in order to have a better end-user experience. Various companies in the ISV market are heavily investing in product architectures that are fail-proof, scalable, and cost-effective. Furthermore, the high adoption of cloud-based technologies by many applications, such as healthcare and financial services, has fueled the market growth.

The increasing demand for value-added services (VAS) by customers in order to have a satisfying experience is expected to fuel demand for ISVs. Support for solutions and management of services can propel the market demand. The COVID-19 virus outbreak has resulted in changes in the design and development of services to be contactless. The utilization of the data gathered from VAS can lead to scalable and stable software and applications.

The dynamic technology landscape and its infinite changes to meet the needs of customers may be a challenge for the market. The evolution of such streams and the time taken to digitize data can deter the global independent software vendors market.

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 COVID-19 Impact on the Global Independent Software Vendors (ISVs) Market

The COVID-19 pandemic has halted all field services, affecting production lines and the supply chain. To stay afloat in the industry, small software vendors must compete against large conglomerates that have a stable supply of orders and large capital. Initiatives are taken by ISVs in webinars, and a forum for addressing COVID-19 grievances that can affect clients is the first step and can boost the market demand. Sage Corporation is one of the companies that is following the plan and intends to support their customers.

ISVs plan to penetrate new markets by setting booths at exhibitions and trade fairs for setting up units or branches. Remote communication and virtual meetings were critical to these companies to elevate their sales during the period and will continue to play a significant role in the coming years. ISVs and other similar providers can help businesses maintain their foothold and delivering products to homes. Data aggregation will be elemental in ISVs for accelerating time to market and providing a seamless customer experience.

 Market Segmentation

The global independent software vendors (ISVs) market has been segmented into type and application. 

By type, the global independent software vendors (ISVs) market has been segmented into on-premise and cloud.

By application, the global independent software vendors (ISVs) market has been segmented into education, financial, healthcare, logistics, retail, and e-commerce. 

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 Regional Analysis

Region-wise, the global independent software vendors (ISVs) market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. 

North America is predicted to dominate the global independent software vendors market due to the excess of ISVs and ease of business index in the U.S. and Canada. The path to digital payments and the virtualization of infrastructure is projected to allow the market to expand in the region. Furthermore, investments by large players for leveraging on latest technologies like artificial intelligence, big data, and machine learning can propel the regional market demand.

 Key Players

Double-Take Software (U.S.), Mocana (U.S.), Google Inc. (U.S.), RSA Security LLC (U.S.), Odyssey Software (U.S.), Oracle Corporation (U.S.), ServiceNow (U.S.), LP (U.S.), SAP SE (Germany), HP Development Company (U.S.), com Inc. (US), Compuware Corporation (U.S.), Cisco Systems Inc. (U.S.), IBM Corporation (U.S.), Apple Inc. (U.S.), Microsoft Corporation (U.S.), Micro Focus (U.S.), Yahoo! (U.S.), Nutanix (U.S.)

 Summary

The global independent software vendors (ISVs) industry is set to reach USD 408.15 Million at a 10.5% CAGR from 2020 to 2026 (forecast period). The market is anticipated to accrue high earnings over the forecast period. It can register massive growth owing to support from original equipment manufacturers (OEMs) and demand for value-added services. Nevertheless, ISVs are facing a challenge from the rapid pace in technology and changing customer expectations.

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Market overview

Global Enterprise High-Productivity Application Platform as a Service Market Size is expected to witness growth at a significant CAGR of 41.16%. This growth rate is expected to occur during the forecast period 2020- 2027. Massive demand for the High productivity application platform as a service or HpaPaas is the reason behind the noteworthy growth of the market all across the globe. The market addressing the service needs of key domains is also said to be the prime reason behind the significant establishment of the market.

 HpaPass addresses the service needs of model-driven designing of the application and their developmental aspects. It also provides the most convenient single-button deployment arrangement for the clients. In fact, there is man those let the optional methodical extension of the program as well. With such value-oriented and solutions intended towards significant productivity is one of the prime reasons behind the growing adaptation of it. Specifically, the large corporate groups have made things encouraging towards the growth of this market.      

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 HpaPass is enriched with significant features making things enchanting for the users at all level. Be it about greater automation from designing, for testing, strategising, coupling, to execution; the concept has been thoroughly enchanting on all aspects. Application platform of such with high productivity has helped the developers in their attempt towards strategic app development with thorough collaboration and thus leveraging greater facility for the market place. Overall, it enables the technical core team in better strategising and execution to streamline the process.

 Market Segmentation

 The global Enterprise High-Productivity Application Platform as a Service Market can be segmented on the basis of component, on the basis of deployment, and in terms of organisation size.

On the basis of Component, the market can be further segmented into Software and Services.

On the basis of Deployment, the market can be further segmented into Application Platform-As-A-Service and On-premise.

On the basis of Organization Size, the market can be further segmented into SMEs and Large Enterprises.

 

On the basis of Vertical, the market can be further segmented into BFSI, Government and Public Sector, Healthcare & Life Sciences, IT & Telecommunication, Consumer Goods & Retail, Education, and Others.

 

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Regional Analysis

From a regional perspective, North America is indeed the prominent player. With top IT groups being established at this part of the globe makes it obvious to be the established market. Asia Pacific is an equally promising market that is expected to grow at the highest rate with a CAGR of 43.56% during the forecast period of 2019 and 2025. South America market for high-productivity application platform as a service market is equally enchanting as well is expected to grow with 40.90% CAGR during the forecast period. The European market, specifically in UK and Germany, is expected to remain significant, as of the Middle East and Africa.  

Industry News

Cole of Duty reports about the growth prospects of the global Enterprise High-Productivity Application Platform as a Service Market. It analyses the key factors contributing the most to the global growth of the market. At the same time, the report also identifies the key domains for global Enterprise High-Productivity Application Platform as a Service Market.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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