Information Technology and Telecommunication: May 2020

Wednesday 27 May 2020

Remote Asset Management Market by Component, Solutions and Services, Asset Type, Mode, Organization Size, Vertical, and Region - Global Forecast to 2025

According to market research report “Remote Asset Management Market by Component (Solutions (APM, Analytics and Reporting) and Services (Professional Services, Managed Services)), Asset Type (Fixed, Mobile), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, size is projected to grow from USD 16.5 billion in 2020 to USD 32.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

The major factors driving the growth of the Remote Asset Management Market include surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency, decreasing cost of IoT-enabled sensors optimize asset life cycle through remote asset management solutions, and use of predictive maintenance to boost the adoption of remote asset management, thereby reducing the operational cost of remote assets

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245- Tables
50- Figures
257- Pages

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By component, the solutions segment to lead the market during the forecast period

Remote asset management solutions are basically a combination of all processes, assets, workflows, and analytics that offer a centrally consolidated tracking, monitoring, and analytics system for asset-intensive sectors, such as manufacturing, industrial machinery, power and utilities, mining, oil and gas, healthcare, and others. Organizations across verticals are adopting remote asset management solutions, as it enables them to monitor their assets and increase operational efficiency. Maintenance, repair, and operations of assets are of the utmost importance in any asset-intensive industry. The key objective is to maximize the RoI of the current asset base, as well as to reduce the cost. Remote asset management solutions enable organizations to track assets and receive notifications when the maintenance of assets is due. It helps enterprises perform regular maintenance, thereby increasing the productivity of the asset. Remote asset management solutions include solutions, such as Real Time Location System (RTLS), analytics and reporting, Asset Performance Management (APM) (Asset Condition Monitoring (ACM) and predictive maintenance), surveillance and security, network bandwidth management, Mobile Workforce Management (MWM), and others (inventory management and warehouse management).

Asset performance management segment to lead the market during the forecast period

The APM solution helps improve the reliability and availability of assets while minimizing risks and operating costs by reducing downtime of assets and operating them to their peak performance. APM enhances remote asset management by delivering insights at the point of action to minimize unplanned repair work, reduce equipment failure, increase asset availability, and extend asset life without unnecessary costs. It integrates data from plants, financial databases, and operational control systems to gain more insights about assets. APM provides the machine operator with updated information about the health and performance of assets than ever before. Sensors communicate a massive number of data in real time, providing operators the ability to quickly transform raw data into actionable insights, thus preventing potential equipment failure.

Healthcare vertical to grow at a higher CAGR during the forecast period

Remote asset management and tracking have become one of the main priorities in healthcare as it helps saving hospitals both time and money. In a hospital, the physical assets consist of the medical equipment, supplies, infrastructure, and staff and physician services. Many a times patients tend to lose time, money, and patience due to long queues at hospitals waiting for physicians, scanning, beds, and nurses. Remote asset management can effectively reduce these delays and ensure patient satisfaction and profitability for the hospital. Several hospitals tend to lose money due to inefficient remote asset tracking by ordering unwanted supplies, shortage in supply of medicines, and equipment not being serviced on time.

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Asia Pacific to hold the highest market size during the forecast period

APAC, being an emerging economy, is witnessing dynamic changes in the adoption of new technologies and advancements in the Remote Asset Management Market. The Remote Asset Management Market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics, and mobility. The region is one of the biggest markets for connected devices. Several countries in APAC are expected to adopt remote asset management solutions due to the increasing demand in industries, such as building automation, retail, transportation and logistics, healthcare, and utilities industries. With the presence of emerging countries, such as China, Japan, and India, the region is expected to witness high growth in the remote asset management market.

Major vendors operating in the Remote Asset Management Market include Siemens AG (Siemens), AT&T (AT&T), Cisco Systems, Inc. (Cisco Systems), Hitachi Ltd. (Hitachi), Schneider Electric (Schneider Electric), PTC (PTC), Infosys Limited (Infosys), IBM Corporation (IBM), Rockwell Automation, Inc. (Rockwell Automation), SAP (SAP), Verizon (Verizon), Bosch.IO (Bosch.IO), Meridium Inc. (Meridium), Vodafone Group (Vodafone), RapidValue Solutions (RapidValue), RCS Technologies (RCS), EAMbrace (EAMbrace), Accruent (Accruent), ROAMWORKS (ROAMWORKS), and Ascent Intellimation Pvt Ltd. (Ascent Intellimation).

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MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Markets and Markets
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Wednesday 20 May 2020

WAN Optimization Market by Component, Solution - Traditional WAN and SD-WAN and Services, Deployment Type, Vertical, End User, and Region - Global Forecast to 2025

According to a new market research report "WAN Optimization Market by Component (Solution (Traditional WAN and SD-WAN) and Services (Professional and Managed)), Deployment Type (Cloud and On-premises), Vertical, End User (Large Enterprises and SMEs), and Region - Global Forecast to 2025", published by MarketsandMarkets, is projected to grow from USD 1.0 billion in 2020 to USD 1.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. The major factors driving the growth of the WAN Optimization Market include the rising need to ensure the quality of user experience and productivity, growing number of data centers and branch offices, and increasing cloud-based WAN optimization solutions.

Browse in-depth TOC on "WAN Optimization Market”
115- Tables
34- Figures
152- Pages

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The solutions segment to hold a larger market size during the forecast period

WAN optimization solutions consist of traditional WAN and SD-WAN. These solutions significantly boost WAN performance with the help of application acceleration and better utilization of existing WAN infrastructure that enables organizations to save costs on various additional hardware, software, and bandwidth. The traditional WAN optimization solution works on various techniques, such as load balancing, Quality of Service (QoS), deduplication, caching, and compression. While SD-WAN uses a centralized control function to securely and intelligently direct traffic across WAN, which increases application performance, offers enhanced user experience, increases business productivity, and reduces costs for IT. Most of the enterprises have taken applications out of branch offices and consolidated them in centralized data centers, and work force accessing these applications is highly distributed at distant locations. As the use of Software-as-a-Service (SaaS) increases, the amount of application traffic that transits WAN also increases. This traffic increase makes enterprises much more interested in deploying WAN optimization solutions.

The small and medium-sized enterprises segment to record a higher growth rate during the forecast period

The rising usage of cloud for the deployment of WAN optimization solutions has led to the increasing adoption of these solutions among Small and Medium-sized Enterprises (SMEs). WAN optimization solutions are expensive and complex in nature. However, the availability of these solutions on cloud has reduced the cost problem as cloud-based solutions are less expensive as compared to on-premises solutions. SMEs have budget constraints; so, they prefer cloud-based solutions available in the market. SMEs’ criteria is based on various metrics, such as revenue generated and ownership structure. Cloud-based solutions are developed, keeping in mind the limited budget of SMEs.

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Asia Pacific to record the highest growth rate during the forecast period

Asia Pacific (APAC) is growing at a faster growth rate as compared to the other regions. The region has huge potential for WAN optimization solutions, as it consists of economies such as China, India, Japan, Australia, and South Korea. These countries, with their large populations, are undergoing a dramatic change with increase in the domestic demand for technological intervention and huge scope for advancements, as they are still growing economies. They have a huge advantage of human resource that forms a large subscriber base for any vertical that advances technologically. This is attributed to the fact that technological adoption has been rapid in this region and is growing exponentially. The potential benefits of wireless services, such as increasing the need for mobility services and reducing operating expenses, are the major drivers for adoption of WAN optimization solutions in this region. The number of internet users in this region has grown to a great extent, and hence, many companies in the region have started deploying advanced communications solutions to cater to the rising communication demand for high-speed data and superior voice quality. All these reasons increase the demand for better network management, network visibility and control, and wireless communication, leading to the deployment of SD-WAN in the region.

The major vendors of the WAN Optimization Market include Cisco (US), Riverbed (US), Citrix (US), Infovista (UK), Silver Peak (US), Array Networks (US), Aryaka (US), Circadence (US), Fat Pipe (US), Nuage Networks(US), Oracle (US), Huawei(China), Wanos (South Africa), Equinix (US), Exinda (US), F5 (US), Aruba (US), and VMware(US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

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MarketsandMarkets™ INC.
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Email: sales@marketsandmarkets.com
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Monday 18 May 2020

Award Management Software Market by Component, Function, Platform, Deployment Type, Organization Size, End User, and Region - Global Forecast to 2025

According to a new market research report "Award Management Software Market by Component, Function (Entry Management, Judging Management, Reporting and Analytics, and Application Tracking), Platform, Deployment Type, Organization Size, End User, and Region - Global Forecast to 2025", published by MarketsandMarkets, the Award Management Software Market is expected to grow from USD 559 million in 2020 to USD 856 million by 2025, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. The growing demand to scale award efforts with the help of advanced technology, establish a communication between award organizers, applicants and judges, increasing need to engage with the customers, and deliver an enriched experience continuously are some of the major factors driving the growth of the Award Management Software Market.

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105- Tables
26- Figures
149- Pages

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By end user, corporations to hold the largest market size in 2020

In the current competent market, both small and large businesses leverage contests and events to position themselves apart from their competitors and attract more talented professionals at their workplace. The award management solution can help corporations in implementing various strategies, including entertainment of staff members, launch of new products, recruitment through creative contests, and employee motivation. Corporations are emphasizing on adopting the award management solution to boost the performance of award teams for better engagement of customers. Increasing automation in the corporation sector to increase business efficiency and remain competent in the market are major factors contributing to the growth of the Award Management Software Market.

Services segment to grow at a higher CAGR during the forecast period

Award management services have a full scope of usage, ranging from assistance to customers for deployment of solution, integration, and implementation, to cater to the business-specific needs of organizations. Award management services help organizations bridge legacy systems to modern applications and take care of consulting and training work so that customers can focus on their core business. This has created opportunities for vendors to provide services to enterprises across different end users and help them deal with complexities while configuring the award management solution.

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North America to have the largest market size during the forecast period

North America is estimated to account for the highest share of the Award Management Software Market during the forecasted period. The region comprises developed countries, such as the US and Canada, and is considered the most advanced area in terms of adopting digital technologies. The North American region exhibits an extensive presence of key industry players offering award management solutions and services, and its financial position enables the region to invest majorly in leading tools and technologies for effective business operations.

Major vendors offering award management solution and services across the globe includes Blackbaud (US), WizeHive (US), Submittable (US), Evalato (Spain), Award Force (Australia), SmarterSelect (US), Reviewr (US), Eventsforce (UK), Currinda (Australia), AwardStage (UK), AcclaimWorks (England), Judgify (Singapore), Untap Compete (Egypt), OpenWater (US), omniCONTESTS (US), eAwards (Philippines), alpha awards (Austria), Omnipress (US), Submit.com (Ireland) and RhythmQ (Canada).

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Wednesday 13 May 2020

Global Wi-Fi Analytics Market by Component, Application, Region, End Use Forecast to 2024

According to new market research report "Wi-Fi Analytics Market by Component, Application (Wi-Fi Presence Analytics and Wi-Fi Marketing Analytics), End Use (Smart Infrastructure, Retail, Sports and Entertainment, and Hospitality), Deployment Model, and Region - Global Forecast to 2024", The Wi-Fi analytics market size is expected to grow from USD 5.3 billion in 2019 to USD 16.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period.

The factors such as increasing smartphone users and growing smart city deployment are leading to rising public Wi-Fi hotspots, which is expected to fuel the market growth. However, the lack of standardized regulatory compliance worldwide is expected to restrain the market growth.

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59 - Tables

31 - Figures

124 - Pages

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Smart infrastructure is expected to account for the largest market size during the forecast period

Smart infrastructure helps overcome the challenges faced by many cities such as energy management, public transport, and security. This has become possible because of the collection and analysis of accurate data form various sources. To measure such data, smart tools are preferred, and many times, these tools are connected through Wi-Fi. The use of Wi-Fi has increased over the period due to the availability of smart devices and tools that need access to the internet in order to communicate with each other or to perform desired functions. Two companies working in the telecom sector in Singapore, M1 and Infocomm Development Authority (IDA), teamed up to provide Wi-Fi to Singapore’s bus users with green Wi-Fi service.

Solutions segment to constitute a larger market size during the forecast period

The solutions segment outperforms the services segment and would see maturation in the future due to the higher adoption of solutions. These solutions cater particularly to retail stores, hotels, restaurant, and other places pulling venues for analyzing footfall analytics, customer engagement, customer experience management, customer behavior analytics, and customer loyalty management, among others. Moreover, with social Wi-Fi, gaining market traction, businesses can deliver a seamless and personalized consumer experience and retain more customers via omnichannel sales approaches, to gain a competitive advantage.

Wi-Fi analytics helps to improve customer experience through customized, targeted marketing campaigns based on footfall data

Wi-Fi analytics plays a major part in helping companies in customer management. This further improves the efficiency of the company to retain customers for a longer period to gain their loyalty. Combining the Wi-Fi data with operational data provides insight into customer needs, further helping companies to create customized marketing campaigns. These campaigns lead to customer retention through enhanced customer profitability. Customer management applications include customer experience analytics and profitability analytics.

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North America to dominate the market for the next 5 years as the deployment is expected to grow due to the rising adoption of smart wireless technologies in the US and Canada

North America is expected to hold the highest market share and dominate the market from 2019 to 2024, due to the presence of many solution vendors in the US. Canada has the highest internet penetration responsible for the growth of North America. Additionally, favorable vendors and support environment has led to the foundation of a robust Wi-Fi ecosystem in the region. North America is one of the most promising regions across various verticals, such as smart infrastructure, retail, sports and entertainment venues, and hospitality in the Wi-Fi analytics market.

The major vendors offering Wi-Fi analytics solutions globally are Cisco Systems (US), Aruba Networks (US), Purple WiFi (UK), Cloud4Wi (US), Fortinet (US), Ruckus Networks (US), Extreme Networks (US), Yelp (US), Singtel (Singapore), SpotOn (US), Eleven Software (US), Aislelabs (Canada), Flame Analytics (Spain), Aptilo Networks (Sweden), Blix (Australia), SkyFii (Australia), Guest Networks (Canada), Hughes Network System (US), GoZoneWiFI (US), Wefi (US), MetTel (US), WhoFi (US), Presence Aware Tech Ltd (UK), and Bloom Intelligence (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/wi-fi-analytics.asp
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Monday 11 May 2020

3D Imaging Market by Vertical: Manufacturing, Media and Entertainment, and Architecture and Construction, and Region - Global Forecast to 2025

According to new market research report "3D Imaging Market by Component (Hardware, Solutions, and Services), Deployment Mode, Organization Size, Vertical (Manufacturing, Media and Entertainment, and Architecture and Construction), and Region - Global Forecast to 2025", size to grow from USD 15.5 billion in 2020 to USD 41.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. The major factors driving the growth of the 3D imaging market are the increasing demand for 3D image sensors from verticals, such as manufacturing, automotive, and media and entertainment. The growing demand for 3D accelerometers in smart phones and gaming consoles is also expected to drive market growth.

Browse and in-depth TOC on “3D Imaging Market”

107 - Tables

72 - Figures

216 - Pages

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Large enterprises segment to hold a larger market size during the forecast period

The 3D imaging market is segmented by organization size into large enterprises and Small and Medium-sized Enterprises (SMEs). The large enterprises segment is expected to have a larger market size during the forecast period, due to the increasing urge among organizations to adopt 3D imaging solutions and hardware to deliver better customer experience. Large healthcare and life sciences institutions need to have advanced X-Ray, Computed Tomography scan, and Magnetic Resonance Imaging devices to treat patient health. The adoption of high-end 3D imaging technologies, such as 3D scanners, 3D displays, and 3D sensors are increasing the quality of images owing to their high resolution. Various businesses, such as media and entertainment, manufacturing, and retail and eCommerce are adopting 3D imaging hardware and solutions to increase business processes and remain competitive in the market.

By vertical, the manufacturing vertical to grow at the highest CAGR during the forecast period

The 3D imaging market by vertical is segmented into eight categories: aerospace and defense, automotive and transportation, manufacturing, healthcare and life sciences, architecture and construction, media and entertainment, retail and eCommerce, and others (energy and utilities, education, agricultural irrigation, and BFSI). The manufacturing industry vertical is expected to grow at the highest CAGR during the forecast period. The growth can be attributed to the increasing adopting of Artificial Intelligence (AI) and Internet of Things (IoT) technologies to enhance their supply chain management processes. Manufacturing verticals are facing challenges in analyzing processes for manual and automated inspection of any part, component or final assembly, and for streamlining and maximizing efficiencies across the manufacturing process. The emergence of affordable 3D imaging technology for industrial applications has resulted in its increased use in the processing and quality control applications for defect detection, measuring volumes, or measuring elevation dimensions across the manufacturing process. Most companies offer 3D imaging techniques, such as laser triangulation, stereo vision, and light stripe projection all of which use geometric procedures, and Time-of-Flight for advanced and smooth manufacturing processes. For instance, FARO offers 3D manufacturing solutions and software, which include FARO CAM2 software used to streamline industrial metrology applications, such as dimensional controls, incoming and first article inspections, part-to-CAD comparisons, assemblies, and repeat part measurements.

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North America to hold the largest market size during the forecast period

North America is the most significant revenue contributor to the global 3D imaging market. The region is witnessing significant developments in the 3D imaging market. North America is projected to hold the largest market size during the forecast period. Key factors favoring the growth of the 3D imaging market in North America include increasing investments for the Research and Development (R&D) process and widespread adoption of 3D technology in the region. The growing number of 3D imaging players across regions is expected to drive the market growth further. Major North American vendors in the 3D imaging market are GE Healthcare (US), Autodesk (US), Trimble (US), FARO (US), Google (US), Adobe (US), HP (US), Lockheed Martin (US), Able Software (US), Esri (US), Bentley Systems (US), and Pixologic (US).

The report includes the study of the key players offering 3D imaging hardware, solutions and services. The major vendors includes GE Healthcare (US), Autodesk (US), STMicroelectronics (Switzerland), Panasonic (Japan), and Sony (Japan), Philips (Netherland), Trimble (US), FARO (US), , Google (US), Adobe (US), HP (US), Dassault Systèmes (France), Lockheed Martin (US), Topcon (Japan), Able Software (US), Maxon (Germany), Esri (US), Bentley Systems (US), Pixologic (US), Pix4D (Switzerland). It also includes an in-depth competitive analysis of the key players in the 3D imaging market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

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