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Overview
The global Time-Sensitive Networking Market Growth is register USD ~79.9 million in 2019, registering a CAGR of ~53.87% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse into the coming years
The global time-sensitive networking market has been segmented based on technology, component, applications, deployment mode, organization size, vertical, and region.
Based on types of standards , the global time-sensitive networking market has been divided into IEEE 802.1AS , IEEE 802.1 Qca , IEEE 802.1AS-Rev , IEEE 802.1Qbv , IEEE 802.1 Qci , IEEE 802.1 CB , IEEE 802.1 Qcc , IEEE 802.1Qch , and IEEE 802.1 CM . The IEEE 802.1AS segment specifies the management of coordinated time during regular service as well as during the installation, loss, or breakdown of network elements, as well as network reconfiguration. The IEEE 802.1 Qca segment provides clear route management, bandwidth and stream reservation, data flow replication (protection or restoration), and control parameter delivery for time synchronisation and scheduling. The IEEE 802.1AS-Rev segment defines the mechanism and protocols used to ensure that time-sensitive processes, such as audio, video, and time-sensitive power, are synchronised across networks. The IEEE 802.1Qbv segment describes time-aware queue-draining methods, managed objects, and extensions to existing protocols that allow bridges and end stations to arrange frame transmission based on IEEE Std 802.1AS timing. The IEEE 802.1 Qci segment defines procedures and controlled objects for a bridge to use to perform frame numbering, scanning, policing, and service type collection for a frame dependent on the data stream to which the frame belongs, as well as a coordinated cyclic time schedule. The IEEE 802.1 CB segment identifies processes, managed objects, and protocols for bridges and end systems that provide packet recognition and replication for redundant transfer, duplicate packet identification, and duplicate packet elimination. The IEEE 802.1Qch segment defines coordinated cyclic enqueuing and queue draining processes, controlled artefacts, and extensions to existing protocols that enable bridges and end stations to synchronize frame transmission with zero congestion loss and deterministic latency.
Based on component , the global time-sensitive networking market has been divided into switches , hubs , routers , and gateways , controller and processors , isolators and convertors , connectors , communication interfaces , power supply devices , memory , and others . Time sensitive networking switches enables modern technologies and helps satisfy new demands by cost-effectively scaling network bandwidth to connect more locations. Time sensitive networking routers enable fast setup, seamless connectivity, and a centralized monitoring system. The Time sensitive networking controller and processors time sensitive networking enable data-driven industrial operations. The time sensitive networking communication interfaces helps to transfer data deterministically.
Based on application , the global time-sensitive networking market has been divided into industrial automation , power and energy , automotive , transportation , oil & gas , aerospace , and others .
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Competitive Analysis
The key players of the global time-sensitive networking market are Cisco Systems , Inc. ( US ), NXP Semiconductor N.V. ( Netherlands ) , Marvell Technology Group Ltd. ( US ) , Microsemi Corporation ( US ) , Intel Corporation ( US ) , National Instruments Corporation ( US ) , Xilinx , Inc. ( US ) , Analog Devices , Inc. ( US ) , Broadcom Limited ( Singapore ) , Belden Inc. ( US ) , Renesas Electronics Corporation ( Japan ) , and TTTech Computertechnik AG ( Austria ) .
Regional Analysis
The regional analysis for the global time-sensitive networking market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest market share in 2019, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. This growth can be attributed to the growing adoption of time-sensitive networking solutions among the various verticals.
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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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Overview
The global Identity Verification Business is expected to reach USD 21.9 million by 2026, registering a CAGR of 37.29% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.
The global identity verification market has been segmented based on component, deployment mode, organization size, and verticals.
Based on the component, the identity verification market has been segmented into solutions and services. The solutions segment held the larger market share of the global identity verification market and is also expected to witness a higher CAGR during the forecast period. The solution segment enables various devices to provide access to secure areas.
Based on the type, the identity verification market has been segmented into Biometrics, Non- Biometrics. The biometrics segment held the largest market share of the global identity verification market. Biometric identity verification solutions verify or recognize the identity of a person based on physiological characteristics such as fingerprint or face pattern.
Based on deployment mode, the identity verification market has been segmented into on-premises and cloud. The cloud segment is expected to have a larger market share in the identity verification market during the forecast period. This is mainly due to the cost benefits of cloud deployment; it is largely adopted by various small and medium enterprises.
Based on organization size, the identity verification market has been segmented into SMEs and large enterprises. The SMEs segment is likely to register the higher CAGR in the global identity verification market owing to the increasing adoption of identity verification solutions and vulnerability to cyber threats. The large enterprises segment accounted for the larger market size in 2019.
Based on verticals, the Identity Verification Business has been segmented into BFSI, government and defense, healthcare & life sciences, retail and eCommerce, IT & ITeS, energy and utilities, and others. The other segment is further sub-segmented into education, travel, and gaming. The BFSI segment held the largest market share of the global identity verification market and is also expected to witness the highest CAGR during the forecast period. The rising digitization of banking processes, such as digital onboarding and payments, is anticipated to propel the market growth.
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Competitive Analysis
The key players of the global identity verification market are Experian (Ireland), GBG (UK), Equifax (US), Mitek Systems (US), Thales Group (France), LexisNexis Risk Solutions (US), Onfido (UK), Trulioo (Canada), Acuant (US), IDEMIA (France), Jumio (US), TransUnion (US), AU10TIX (Israel), IDology (US), Innovatrics (Slovakia), Applied Recognition (Canada), Signicat (Norway), SecureKey (Canada), IDfy (India), Authenteq (Iceland), Veri5Digital (India), PXL Vision (Switzerland), IDMERIT(US), Shufti Pro (UK), Idenfy (Lithuania), WebID (Germany), IDnow (Germany), Signzy (India), and Passbase (Germany).
Regional Analysis
The regional analysis for the global Identity Verification Business has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America accounted for the largest market share in 2019, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period, primarily due to the growing need to resolve cyber threat issues quickly.
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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)
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Market Overview:
The rich correspondence administrations (RCS) are a cutting-edge message informing convention utilized by versatile administrators and cell phones to supplant the old age message informing administration called Short Messaging Service or SMS. Global Rich Communication Services Market Size helps shoppers book arrangements, make consistent payments, benefit tickets, submit overview replies, get notices from banking and internet business foundations, and advertise special cautions.
Moreover, it offers highlights, for example, rich and confirmed messages, a huge informing limit of the north of 8,000 characters, video calling inside informing applications, bunch visits, read receipts to the shipper, and stage autonomous informing.
Rich Communication Services Market also empowers business associations to send makes and notices aware of their clients in regards to the most recent offers and ongoing limited deals, new item appearances, and the conveyance status of their orders. The Global Rich Communication Services Market is driven by the rising requirement for promotion and the expanding reception of cell phones.
Besides, the reasonableness of cell phones because of relentless rivalry among cell phone makers and organization transporters to convey serious items and administrations is adding to showcase development. Furthermore, quick, innovative improvements in the IT business are speeding upmarket development. In any case, the market development is probably going to be hampered by the constraints of safety given by start to finish encryption.
Market Segmentation:
Worldwide Rich Communication Service Market has been fragmented in view of Application, End User, Organization Size, Vertical, and Region.
Worldwide Rich Communication Service Market has been examined for four locales North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
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Rich Communication Services Market Regional Analysis:
The worldwide rich correspondence administration market is assessed to enrol a remarkable CAGR over the conjecture time frame. The geographic investigation of the worldwide rich correspondence administration (RCS) market has been led for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America is relied upon to enlist the biggest piece of the pie because of an increment popular for RCS administrations across industry verticals around here. The US is relied upon to lead the market in North America because of improved informing highlights for advertisers associated by means of SMS, high mechanical reception, and advancement in the showcasing efforts.
Industry News:
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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)
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Market Overview:
Contactless payment is a safe payment technique utilizing a charge, credit, or other smartcards by utilizing RFID innovation or close field correspondence. A customer taps the payment card almost a retail location terminal outfitted with the framework's innovation.
Worldwide Contactless Payment Market Research is relied upon to enlist a CAGR of 11.2% during the survey time frame, 2019-2025.
The developing interest for quicker and helpful exchange modes and the shift towards better client encounters has prompted an expanded interest for contactless payments, as would be considered normal to drive the development of the market during the figure time frame.
A few local and neighborhood suppliers portray the Global Contactless Payment Market. A portion of the central participants in the market is Gemalto NV (Netherlands), Verifone Holdings, Inc (US), Idemia (France), On Track Innovations (Israel), Wirecard AG (Germany), Identiv (US), Infineon Technologies (Germany), Ingenico. (France), Giesecke+Devrient (India), CPI Card Group (US), Valitor (Iceland), Mypinpad (London), Idemia (France), Pay core (Turkey), and Alcenio (France).
Market Segmentation:
The Global Contactless Payment Market Research has been portioned in innovation, part, payment mode, vertical, and locale.
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Regional Analysis:
Topographically, the worldwide Contactless Payment Market Research has been arranged as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Europe is relied upon to overwhelm the market with the biggest offer during the conjecture time frame inferable from key market players like Wire card, Ingenico, and Valitor. The Asia-Pacific area is relied upon to progress at the most elevated CAGR during the conjecture time frame because of the developing use of electronic payment innovations.
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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
Website: https://www.marketresearchfuture.com
Market Overview
In 2018, the global Web Analytics Market Size size was projected to account for the market value of USD 2.59 Billion. Further, the worldwide market is anticipated to hold USD 9.11 Billion by the end of the year 2025 and is predicted to hold a CAGR of 19.96% between 2019 to 2025.
Web analytics is basically a specialized analytical application that is designed to enhance customer acquisition, the online channel user experience and optimize advertising campaigns and digital marketing.
The demand for Web Analytics Market is growing because of the excellent features of the commercial web analytics productslikeconsumer segmentation, analytical and performance management,andreporting that is widely used by advertisement companies,content developers, website operations teams, and marketing professionals to enhance their digital experience of the customer.
Market Segmentation
The worldwide Web Analytics Market has been classified on the basis of deployment, component, verticals, and applications.
Based on the deployment segment, the global market has been classified into on-cloud and on-premise.On the basis of component segment, the current market has been categorized into service and solution. Further, the service segment has been sub-categorized into managed service and professional service. Alternatively, the solution segment has been sub-categorized into search engine tracking & ranking, heat map analytics,behavior-based targeting, marketing automation, and others.
Depending on the vertical segment, the Web Analytics Market has been classified into travel & hospitality, BFSI, IT & telecommunication, media & entertainment, government,retail & e-commerce, and others. In terms of the application segment, the global market has been segregated into targeting & behavioral analysis, social media management, multichannel campaign analysis, display advertising optimization, and others.
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Regional Analysis
Based on geographical locations, the Web Analytics Market has been categorized into Europe, Latin America, North America, South America, Middle East Africa, Asia-Pacific, and the rest of the world.
Presently, the North American market has generated a significant market share and is projected to lead the global market due to the increasing research and developmental activities, rising investments, and the presence of prominent market players in the region. Moreover, the North American region has various organizations that have given a high focus on the growth of the digital platform to boost the performance of the website operation and to enhance the experience of the consumers. Also, this region always does early adoption of technology, which is fueling the regional market growth. In addition, this region has a high smartphone usage that requireswebsite analytics solutions for managing and analyzing the website traffic on various geographical locations.
Apart from these, the Asia Pacific market is considered the fastest-growing regional market throughout the review period. The Asia Pacific market growth is boosting due to the rising awareness among the large enterprises and SMEs to analyze the unstructured and high volume data of websites. Moreover, the rising demand for a cloud-based solution among all sizes of enterprises is thriving the regional market growth.
Industry News
In August 2019, the marketing automation vendor PromoteIQ was acquired by the prominent market leader Microsoft. This has proposed to work with e-retailers and brand manufacturersto run brand-sponsored ads on various retailer sites like Overstock.com, Kohls, and others.
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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
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+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
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Market Analysis
The global Project Portfolio Management Software Industry will touch 5.9 billion at a 6.3% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Drivers
Growing Adoption of Cloud-Based Services to Boost Market Growth
The growing adoption of cloud-based services for the remote monitoring of assignments may boost the market growth over the forecast period.
Opportunities
Increasing Need for Monitoring and Collaboration Tools to offer Robust Opportunities
The increasing need for monitoring and collaboration tools will offer robust opportunities for the market over the forecast period.
Restraints
Privacy and Security Issues to act as Market Restraint
Privacy and security issues in case of cloud deployment are the key challenges that companies face while executing PPM solutions. This may act as a market restraint over the forecast period.
Challenges
Cost and Complexity Issues to act as Market Challenges
Cost and complexity issues involved with PPM solutions may act as market challenges over the forecast period.
Market Segmentation
The project portfolio management software market is segmented based on component, deployment, organization size, and vertical.
By component, the solution segment will lead the market over the forecast period as large number of verticals is deploying these solutions across the globe.
By deployment, the on-premise segment will dominate the market over the forecast period while the cloud-based solution is likely to grow at a higher CAGR.
By organization size, the small and medium enterprise segment will grow at a high CAGR in the forecast period.
By vertical, the healthcare segment will have the lions share in the market over the forecast period.
COVID-19 Analysis
Owing to the lockdown that has been imposed in most countries and the culture of work from home by most enterprises, the need for PPM software and services has expanded significantly for effective project tracking and execution. The PPM has specialized tools that help to strategize and execute projects.
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Regional Analysis
North America to Have Lions Share in Project Portfolio Management Software Market
North America will have lions share in the market over the forecast period. Increasing adoption of such tools by various verticals such as manufacturing and healthcare, significant investments by multinational companies in several high-profile projects, the presence of a large number of vendors that is offering comprehensive solutions to the enterprises, huge spending on projects every year, the emergence of technologies like BYOD and cloud computing that have enforced end users in adopting much more sophisticated PPM solutions with evolving integration platforms, early adoption of latest technologies and cloud-based solutions, and good financial positioning of the region, are adding to the global project portfolio management software market growth in the region.
Key Players
Eminent players profiled in the global project portfolio management software market report include Oracle Corporation (US), Microsoft (US), Planview, Inc. (the US), HEXAGON (Sweden), SAP (Germany), Broadcom (US), Changepoint Corporation (US), Micro Focus (UK), Workfront, Inc. (UK), Sopheon (US), Upland Software, Inc. (the US), Planisware (US), Keyedin Projects (US), One2Team (US), and MEISTERPLAN (Germany).
The project portfolio management software market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, and more.
Industry Updates
Aavenir has extended ServiceNow project portfolio management functionality for tracking actual project cost vs. budget cost in real-time for taking necessary preventive or corrective measures.
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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
Website: https://www.marketresearchfuture.com
Market Overview
The Unified Communication as a Service Market Growth will develop at a 10.5% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Drivers
Continued Rollout of 5G Data Network to Boost Market Growth
The continued rollout of high-speed 5G data network will boost market growth over the forecast period. The low-latency and high-speed connectivity enabled by 5G networks can significantly improve audio and video conferencing and meetings as well as strengthen collaboration.
Opportunities
Incorporation of AI to offer Robust Opportunities
The incorporation of cutting-edge technology like AI is crucial to assist organizations to attain their digital transformation goals. This may offer robust opportunities for the market in the forecast period. Solutions that are AI-enabled can help businesses to automate transcriptions, track speakers intelligently, record calls intuitively, understand users’ needs, and offer relevant services. UCaaS solutions that are AI-powered can also help with sentiment analysis. Thus they can typically use data mining methods for analyzing discussions, comments, and reviews and also direct mentions of services, brands, and products and help enterprises to strategize accordingly.
Restraints and Challenges
Lack of Awareness to act as Market Restraint
The lack of awareness regarding unified communication as a service offerings & company policies around security issues of these integrated platforms may act as a market restraint over the forecast period.
COVID-19 Analysis
The COVID-19 outbreak has compelled enterprises in adopting a hybrid business model thus enterprises are specially consolidating multiple communication features and also allowing cross-functioning for efficient collaboration. The increase in work from home employees is also prompting companies in implementing UCaaS solutions. Organizations are also adopting UCaaS tools and platforms as the outbreak prompts them in reevaluating their operational costs and protecting their margins amid dwindling revenues.
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Market Segmentation
The unified communication as a service market is bifurcated based on deployment mode, service, organization size, delivery model, and vertical.
By deployment mode, the unified communication as a service market is segmented into hosted and managed. The hosted segment is again segmented into UC laaS, UC PaaS, and UC SaaS.
By service, the unified communication as a service market is segmented into collaboration services, UC application services, contact center services, and telephony services.
By organization size, the unified communication as a service market is segmented into small and medium enterprises and large enterprises.
By delivery model, the unified communication as a service market is segmented into integrated services and standalone services.
By vertical, the unified communication as a service market is segmented into travel and hospitality, logistics and transportation, healthcare, retail, public sector, IT and telecom, BFSI, and others.
Regional Analysis
North America to Steer Unified Communication as a Service Market
North America will steer the market over the forecast period. Increased adoption of BYOD trends, increasing demand for efficient collaboration and communication to ensure adequate care and diagnosis in the US during the COVID-19 outbreak, the presence of a large number of UCaaS vendors, and increasing technology adoption for increasing productivity are adding to the growth of global unified communication as a service market in this region.
Key Players
Eminent players profiled in the global unified communication as a service market report include IBM Corporation, Cisco Systems, Inc., BT Group, 8x8, Inc., Microsoft Corporation, Verizon Communications, Inc., Avanade, Inc., Fuze, Inc., Voss Solutions, Polycom, Inc., ATOS SE, and West Corporation.
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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
Website: https://www.marketresearchfuture.com
Market Analysis
The global Freight Management System Market Growth will touch USD 18.63 billion at a 9.4% CAGR in the forecast period (2020- 2027), states the latest Market Research Future (MRFR) report.
Drivers
Demand for On-Time Delivery of Products to Fuel Market Growth
The rapid rise in the need for on-time delivery of products and raw materials that encourage fleet owners to implement an effective freight management which allows planning for the current inventory will boost market growth over the forecast period.
Opportunities
Rise in Global Trade to offer Robust Opportunities
The increase in global trade will offer the market with robust opportunities during the forecast period. The international trade bodies like WTO (World Trade Organization) are paving the way to promote international trade sans tax barriers. Most enterprises are reaping the benefits of trade incentives and also relaxation in regulations to expand their business beyond national boundaries. This may trigger the requirement for freight management systems that can update as well as track freight movements worldwide and also ensure safe and on-time delivery.
Restraints
Congested Trade Routes to act as Market Restraints
The congested trade routes may act as a market restraint in the forecast period. Economic expansions coupled with global trade have led to freight congestion in specific areas on highways which are not designed to handle freight traffic in large volumes. Besides the COVID-19 impact too may act as a market restraint.
Challenges
Poor Transport Infrastructure to Challenge Market Growth
The poor transport infrastructure in India and China leads to traffic congestion and accidents which are untoward in nature. These unpredictable events impact the freight management system’s operational efficiency. Besides climatic conditions like rain and snow coupled with cargo thefts may also impede market growth.
Market Segmentation
The freight management system market has been bifurcated based on component, end user, and transportation mode.
By component, the solution segment will lead the market over the forecast period. Several players are deploying these solutions effectively for managing the freight and transportation process that is adding to the segmental growth.
By end user, the forwarders segment will dominate the market over the forecast period.
By transportation mode, the ocean freight segment will spearhead the market over the forecast period.
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Regional Analysis
North America to Sway Freight Management System Market
North America will sway the market over the forecast period. Constant investments and focus on freight automation, the presence of several software providers in the market, adoption of freight management solutions and services that are adopted by most users, high technological adoption, significant adoption in Canada and the US, the presence of a well-established and sustainable economy, and huge investments in research & development activities that contribute to the development of new use cases and new technologies are adding to the freight management system market share in the region.
Key Players
Eminent players profiled in the global freight management system market report include Mcleod Software (US), Freightview (US), Freight Management (US), Linbis (US), Logisuite (US), Dreamorbit (India), Descartes (Canada), Oracle Corporation (US), Werner Enterprises (US), MercuryGate (US), SAP (Germany), Accenture (Ireland), JDA Software (US), Ceva Logistics (Spain) and UPS (US).
The global freight management system market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches, and more.
Industry Updates
A renowned provider of technology solutions in freight & transportation, MGN Logistics, Inc., has acquired a California based niche freight brokerage, Republic Logistic Services.
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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.
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Market Synopsis
According to MRFR, the Global Blockchain IoT Market Growth2020 was valued at USD 124.58 Million in 2019 and is projected to record a CAGR of 93.4% during the forecast period.
Market highlights
Adoption of the Internet of Things ( IoT) has increased the adoption of diverse advanced technologies such as edge computing, artificial intelligence, cloud computing, and blockchain. Blockchain provides the IoT networks, apps and applications with a decentralized and scalable environment and allows the connected devices to enhance ecosystem security. The IoT provides the various companies with a wide range of opportunities to conduct their operations smartly, and blockchain has immense potential for various industries including BFSI, automotive, manufacturing, and healthcare. The IoT and blockchain combination has allowed end-users to make their systems efficient. The main driving factors for the growth of the blockchain IoT market are IoT 's increasing adoption and the need to improve operational efficiency. Factors expected to generate substantial opportunities for players operating in the market during the forecast period are a growing number of government initiatives for the adoption of blockchain IoT worldwide and its increasing usage in the construction sector. Nonetheless, high processing power and time demands and higher latency with a rise in node numbers are estimated to impede market growth over the forecast period.
Market Segmentation
The Global Blockchain IoT Market has been analyzed based on End User, Application, Offering, and Region.
Based on the Offering, the global blockchain IoT market has been divided into software, hardware, and services.
Based on the Application, the global blockchain IoT market has been segmented into smart homes, data sharing, data security, asset tracking & management, smart contracts, and others.
On the basis of the End User, the global blockchain IoT market has been segmented into the supply chain and logistics, retail, automotive, construction, manufacturing, government, healthcare, energy and utility, and others
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Regional Analysis
The global blockchain IoT industry geographic study was carried out for North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Owing to the early adopters of emerging technologies such as IoT and blockchain, North America has the largest market share. The North American market was further split into the US, Canada, and Mexico. The United States accounted for a considerable share of the market, followed by Canada and Mexico.
Due to the adoption of IoT technology across various industry verticals, Asia-Pacific is expected to be the fastest-growing regional market during the review period. Europe is projected to be the world's second-largest blockchain IoT market in the predicted time span. The market is expected to grow at a rapid pace in countries like the UK and Germany in the coming few years.
Key Dashboard
The major players in the Global Blockchain IoT Market are Amazon.com, Inc. (the US), IBM Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Cisco Systems (US), R3 (US), Chronicled (US), Filament (Nevada), Ethereum Foundation (Switzerland), KrypC (India), The Linux Foundation (US), ArcTouch (US), Filament (Nevada).
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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)
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New York, NY 10013
United States of America
+1 628 258 0071 (US)
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Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Market Analysis
Market Research Future (MRFR) projects the global Field Force Automation Market Trends size to achieve USD 3.05 billion at a 15.2% CAGR from 2020 to 2027 (forecast period).
Number of Providers Offering Innovative Solutions
A number of field force automation providers are active in the market, offering solutions and services to businesses of all sizes. These vendors provide mobile-based sales force automation solutions that include business intelligence analytics, order taking to invoicing, automated field force operations, sales route management, and attendance management. Since field automation solutions assist organizations in achieving faster returns on investment, precise sales data visibility, and increased customer touchpoint and happiness, enterprises are significantly investing in these solutions, which is boosting the market growth. Solution providers are rapidly delivering innovative solutions to efficiently meet the field sales force management needs of numerous industry verticals, increasing market competition.
COVID-19-Caused Lockdown to Positively Impact the Market
Due to the current COVID-19 pandemic, the field force automation business is likely to increase. This will be due to the imposition of lockdowns in a number of nations, which is expected to produce strong demand for automated field operations for collecting real-time information. Furthermore, the high acceptance rate of digital initiatives and the rapid speed of production in the post-lockdown era would push sectors to use automated solutions in the coming years.
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Market Segmentation
The worldwide field force automation market has been segmented on the basis of component, deployment, organization size, and vertical.
Based on the component, the worldwide field force automation market has been segmented into solution and service.
Based on deployment, the worldwide field force automation market has been divided into on-premise and cloud-based solutions.
Based on organization size, the worldwide field force automation market has been segmented into large enterprises and small- and medium-sized enterprises.
Based on vertical, the worldwide field force automation market has been segmented into IT and telecommunication, manufacturing, healthcare, transportation and logistics, energy and utilities, and others.
Regional Analysis
North America to Lead the Global Market
North America leads the field force automation industry in terms of revenue. The increasing adoption of automation solutions among organizations in several North American countries, including the United States and Canada, is one of the reasons driving market expansion.
Europe to Hold the Second Position
Europe was the market's second-largest region. Europe is divided into the United Kingdom, Germany, France, Spain, Italy, and the rest of Europe. According to the MRFR analysis, the UK will have the largest market share, followed by Germany and France. IT & communications, manufacturing, and retail are some of the prominent industry verticals where field force automation solutions are being applied in the region.
Key Players
Key players in the Global Field Force Automation Market are ServiceMax, Inc. (US), FieldAssist (India), SalesDiary Inc. (India), FieldEZ (US), Folio3 Software Inc. (US), Channelplay Limited (India), VisitBasis Tech, LLC (US), Oracle (US), Microsoft (US), Salesforce (US), SAP (Germany), Acumatica (US), Leadsquared (India), Kloudq Technologies (India), Accruent (US) and Nimap Infotech (India)
Industry News
In March 2019, ServiceMax acquired Zinc to assist service professionals in acquiring and exchange knowledge in real-time. The acquisition is intended to assist ServiceMax in expanding and improving its product line.
In April 2019, Trimble Inc. released PULSE Remote Expert, an augmented reality (AR) solution that boosts the productivity of field service technicians.
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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
Website: https://www.marketresearchfuture.com