Narrowband IoT Market by Application Software, Technology Service, Vertical, Smart Application and Region- Global Forecast to 2022

According to new market research report "Narrowband IoT Market by Application Software, Technology Service, Vertical, Smart Application (Smart Governance, Smart Metering, Smart Homes, Smart Asset Tracking), and Region- Global Forecast to 2022", The Narrowband IoT market size is expected to grow from USD 320.5 Million in 2017 to USD 8,221.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 91.3% during the forecast period.

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The major drivers of this market include growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals, high deployment flexibility with GSM, WCDMA, or LTE, extended coverage, long battery life, and low deployment.

Smart parking management is expected to be the most promising application software during the forecast period

Smart parking management solution is expected to dominate the application software segment in the Narrowband IoT Market as the number of vehicles are increasing day by day, smart parking would help the management of vehicles, utilizing the parking space in an optimized way with the help of NB-IoT application software. Logistics tracking solutions is the second most dominating market in the NB-IoT enterprise application market.

Managed services in the services segment is expected to grow at a fast rate in the Narrowband IoT market

Managed services is expected to grow at the highest CAGR in the services segment as these services assist companies in developing strong strategies and provide resources that allow them to manage the technology at a lower cost. Until recently, a majority of managed services have been adopted for very specific needs, but more competitors are ramping up to offer enterprise service models.

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Asia-Pacific (APAC) contributes the maximum market share in the Narrowband IoT Market

APAC is expected to account for the largest share of the overall Narrowband IoT market at the highest CAGR during the forecast period. As this region is expected to witness a huge number of smart cities, it is likely to witness increase in the number implementation of smart applications and other advanced software. This would mark a rise in demand for NB-IoT platform for speed operation with optimized cost.

The major vendors covered in the Narrowband IoT market for the study are Vodafone Group Plc (London, U.K.), China Mobile (China), China Telecom (Beijing, China), AT&T (Texas, U.S.), Etisalat (Abu Dhabi, UAE), Telstra (Melbourne, Australia), Orange S.A. (Paris, France), Telefonica (Madrid, Spain), SK Telecom (Seoul, South Korea), and Deutsche Telekom (Bonn, Germany).

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Application Transformation Market was valued $9.7 billion in 2019 to USD 16.8 billion by 2024, at a CAGR of 11.6%

According to market research report "Application Transformation Market by Service (Cloud Application Migration, Application Replatforming, Application Integration), Organization Size, Vertical (Retail, IT & Telecom, Government, Healthcare, Manufacturing), and Region - Global Forecast to 2024", The global application transformation market size to grow from USD 9.7 billion in 2019 to USD 16.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.6% during 2019–2024.

The emergence of cloud and big data technologies has taken the transformation process to a new and advanced level. The enterprises are striving to achieve a competitive advantage, which can be achieved with the application transformation process in place. The constant need to be updated with new technologies and enhance the Return on Investment (RoI) requires a scientific approach and agile methodology to mitigate the key risks and challenges involved in the existing legacy applications. These factors are expected to drive the global application transformation market.

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Application integration service to account for the highest market share during the forecast period

Application integration is the process of integrating one or more application program’s data or processes with that of other application programs. The existing legacy applications can be integrated into new applications, which leverage the internet, eCommerce, extranet, and other new technologies. Application integration assists in the maintenance and presentation of the data in various application systems, which are synchronized. It can connect to backend application systems to retrieve and insert data. Application integration is necessary for organizations to optimize their IT landscapes, gain business agility, and easily access data from devices and social channels.

Large enterprises to account for a higher market share during the forecast period

Large enterprises are defined as business entities employing over 1,000 employees. The adoption of application transformation in large enterprises is high, and the trend is expected to continue during the forecast period. The large enterprises are keen to invest in new and latest technologies to run their business effectively. These enterprises are modernizing their legacy applications to reduce their Capital expenditure (CapEx) and Operating expense (OpEx). The enterprises have dedicated in-house Information Technology (IT) resources with large IT budgets, therefore, can consider deploying a variety of application modernization strategies.

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North America to account for the highest market share during the forecast period

The US accounts for the highest market share in the application transformation market. The US and Canada are also the leading countries in retail, financial services, banking, and other industries, such as transportation and manufacturing. The US is expected to have the highest market share among all the countries in the application transformation market during the forecast period. It is a technologically advanced country with strong regulations for various verticals.

Major vendors in the global application transformation market include Atos (France), Tech Mahindra (India), Fujitsu (Japan), HCL (India), Cognizant (US), Pivotal Software (US), Accenture (Ireland), IBM (US), TCS (India), Asysco (Netherlands), Unisys (US), Hexaware (India), Oracle (US), Micro Focus (UK), Bell Integrator (US), and Macrosoft (US).

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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.

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At a CAGR of 24.9% Microsegmentation Market will Surpass $2,038.7 Million by 2022 from $670.3 Million in 2017

According to new market research report on "Microsegmentation Market by Component (Software and Services), Security Type (Network Security, Database Security, and Application Security), Service, Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2022",

The global microsegmentation market size is expected to grow from USD 670.3 Million in 2017 to USD 2,038.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period. The major factors driving the growth of the microsegmentation market include increase in network connectivity and data theft, and maintaining safe third-party access.

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The consulting and advisory services segment is expected to have the largest market size in the microsegmentation market during the forecast period.

Counseling and warning administrations assume a huge job in accomplishing the zero trust security display through microsegmentation. They give key bits of knowledge to the operational, authoritative, and innovative change to different verticals relying on their necessities. In addition, these administrations offer an imaginative administration layer structure to help set up a cutting edge security design.

The managed services segment is expected to grow at the highest CAGR during the forecast period.

Overseen administrations are in effect quickly embraced by created nations, for example, the US and Canada. Overseen administrations assume a tremendous job in the sending of microsegmentation programming as indicated by prerequisite of customer. Overseen administrations incorporate all the pre-and post-organization questions and needs of the clients. These administrations may incorporate arranging, structuring, testing, coordination, upkeep, and backing. These administrations are primarily re-appropriated for on-time conveyance, decrease of capital use, working costs.

The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the second largest market size in 2017.

The security arrangements help budgetary specialist co-ops ensure their clients, meet government and industry consistence norms, encourage security reviewing, and stay away from the harm to notoriety brought about by information breaks. This part is constantly redesigning its preparing and exchange advancements and expects start to finish security answers for upgrade activities against both inside and outside dangers.

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North America is expected to have the largest market share in the microsegmentation market during the forecast period.

North America is relied upon to have the biggest market share and rule the microsegmentation market amid the gauge time frame. The area has the nearness of major feasible and entrenched economies who put significantly in Research and Development (R&D) exercises, in this way adding to the advancement of new security arrangements.

The district contains nations, for example, the US and Canada, which are seeing the huge appropriation of microsegmentation arrangements. Increment in ransomware assaults on the associated gadgets, developing utilization of security virtualization and distributed computing, and expanding requirement for security upgradation are a portion of the central point driving the development of the North America market. The straightforwardness in guidelines and critical government spending has impelled advancements in the district.

The real merchants in the microsegmentation market incorporate VMware (US), Cisco (US), Unisys (US), vArmour (US), Juniper Networks (US), OPAQ Networks (US), ShieldX Networks (US), Cloudvisory (US), Extra Hop (US), GuardiCore (MEA), Bracket Computing (US), illumio (US), Nutanix (US), and August Schell (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 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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Digital Banking Platforms Market Size, Share, Opportunities, Trends, Forecast by 2023

According to new market research report "Digital Banking Platforms Market by Banking Type (Retail Banking and Corporate Banking), Banking Mode (Online Banking and Mobile Banking), Deployment Type (On-Premises and Cloud), and Region - Global Forecast to 2023", The digital banking platforms market is projected to grow from USD 3.3 billion in 2018 to USD 5.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.2% from 2018 to 2023

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The developing call for amongst banks to provide client experience and the increasing adoption of the cloud-based systems to attain better scalability and flexibility are predicted to pressure the growth of the Digital banking platforms market across the globe. The increasing call for for streamlining enterprise techniques and the developing adoption of smartphones and pills also are anticipated to gas the increase of the digital banking platforms market.

Based on banking types, the retail banking segment is expected to grow at a higher CAGR during forecast period

Based on banking sorts, the retail banking is predicted to grow at better CAGR from 2018 to 2023. Retail banking has emerged as an important enabler within the digital banking platforms market to translate the banking fashions across the globe. With the growing number of channels, financial institutions are changing their running processes to offer customers with top rate offerings and enhance their account management. The changing purchaser expectations and behaviors and the developing digital technology are contributing to the boom of the retail banking section.

Based on banking modes, the online banking segment is expected to account for a major market size during the forecast period

Based on banking modes, the web banking phase is expected to account for a chief marketplace length for the duration of the forecast period. The on line banking systems facilitates banks to provide banking offerings to cease-customers over the internet. The on-line banking requires high level of process automation, internet-based offerings, and Application Programming Interfaces (APIs), and facilitates real-time integration with a bank’s more than one host structures.

Based on deployment types, the cloud segment is expected to grow at a higher CAGR during forecast period

Based on deployment types, the cloud section is anticipated to develop at a better CAGR for the duration of the forecast length. The cloud deployment kind has grown to be a price-effective and efficient way to address all operational procedures of insurers, alongside statistics management and governance troubles. Cloud-based Digital banking platform equipment provide several blessings, which include the rapid implementation of tools, decreased installation and operational charges, less renovation costs, 24/7 information accessibility, safety, and simplicity of use.

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The Asia Pacific (APAC) digital banking platforms market is projected to grow at the highest CAGR during the forecast period

The digital banking platforms market within the APAC vicinity is projected to develop at the very best CAGR at some stage in the forecast length. This increase may be attributed to the elevated adoption of digital technologies, especially in rising economies, along with Singapore, Australia, India, China, and Japan. This has made APAC a beneficial marketplace within the IT enterprise. Strong banking capabilities, including virtual services, strong financial positions, and virtual systems are expected to pressure the growth of the virtual banking structures marketplace inside the APAC region. Companies in APAC would benefit from the bendy monetary situations, industrialization, globalization-encouraged guidelines of the authorities, and the increasing digitalization in the place.

Key players operating in the digital banking platforms market include Appway (Switzerland), Backbase (Netherlands), CREALOGIX (Switzerland), ebanklT (England), EdgeVerve (India), Intellect Design Arena (India), Finastra (UK), ieDigital (England), ETRONIKA (Lithuania), Fidor (Germany), Fiserv (US), Halcom (Slovenia), NETinfo (Cyprus), Kony (US), NF Innova (Austria), Oracle (US), SAB (France), SAP (Germany), Sopra (France), Tagit (Singapore), TCS (India), Technisys (US), Temenos (Switzerland), BNY Mellon (US), and Worldline (France).

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, "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.

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By 2021 Information Security Consulting Market expected to surpass $26.15 Billion

According to market research report "Information Security Consulting Market by Security Type (Network Security, Application Security, Database Security, and Endpoint Security), Organization Size (SMES and Large Enterprises), Vertical, and Region - Global Forecast to 2021", The information security consulting market is estimated to grow from USD 16.12 Billion in 2016 to USD 26.15 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.2%.

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The major forces driving the information security consulting market are rising network complexities due to mergers and acquisitions and third-party application deployment. The information security consulting market is growing rapidly because of the growing security needs of Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increased deployment of web & cloud-based business applications.

North America is expected to dominate the information security consulting market in 2016

North America is expected to hold the largest share of the information security consulting market in 2016, due to the technological advancements and early adoption of cyber security in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India and China.

Aerospace & defense vertical to have the largest market size in 2016

The information security consulting market is also segmented by various industry verticals, out of which, the adoption of security consulting services is expected to be the highest in the aerospace and defense vertical, as the critical data and applications used by this vertical are prone to advanced threats. Moreover, government & public utilities, Banking, Financial Services & Insurance (BFSI), and Information Technology (IT) & telecom verticals are expected to gain traction during the forecast period

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Application security to grow at the highest CAGR from 2016 to 2021

Cyber security solutions are used to secure the network infrastructure and the devices connected through it. The emerging IoT, BYOD trends, and connected number of devices & applications are susceptible to Advanced Persistent Threats (APTs). Application security is expected to witness the highest CAGR in the global information security consulting market during the period of 2016–2021. North America is expected to account for the largest market share in 2016, due to the greater awareness of cyber security and early adoption of security consulting services in this region.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, business expansions, and product developments, adopted by major players to increase their market share. Some of the major technology vendors include Ernst & Young (U.K.), IBM Corporation (U.S.), Accenture plc (Ireland), Atos SE (France), Deloitte (U.K.), KPMG (U.K.), PwC (U.K.), BAE Systems plc (U.K.), Hewlett Packard Enterprise (U.S.), and Wipro Limited (India).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Aashish Mehra
Markets and Markets
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Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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By 2023 Blockchain Government Market will surpass $3,458.8 Million from $162.0 Million in 2018

According to research report "Blockchain Government Market by Provider (Application Providers, Middleware Providers, and Infrastructure Providers), Application (Asset Registry, Identity Management, Payments, Smart Contracts, Voting, and Others), and Region - Global Forecast to 2023", The blockchain government market is expected to grow from USD 162.0 Million in 2018 to USD 3,458.8 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period.

The major factors driving the blockchain government market include need to provide protection against data tampering, upswing in the usage of blockchain technology to create transparent and decentralized government, and increase in efficiency and speed in public sector transactions.

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The application providers segment is expected to grow at the highest CAGR in the global blockchain government market during the forecast period

The blockchain government market has been segmented on the basis of providers into 3 categories: application providers, middleware providers, and infrastructure provider. These providers offer infrastructure to develop in the blockchain-based platforms. Among these types, application providers is the fastest growing segment in the overall blockchain government market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in government agencies thereby fueling the overall market growth.

North America is expected to hold the largest market size in the blockchain government market during the forecast period

North America is estimated to account for the largest share of the overall market in 2018. The region is considered as the most advanced in technology adoption and infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is the main driving factor for the blockchain government market. Governments in this region are moving toward the adoption of the blockchain technology. US governments have recognized the blockchain technology’s potential for the delivery of public services, and started adopting this technology to develop business applications. Moreover, the Canada Federal government is exploring the blockchain technology to boost the innovation economy.

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The smart contracts segment is estimated to hold the largest market size in the blockchain government market in 2018

The smart contracts segment is expected to dominate the blockchain government market in terms of its contribution to the overall market shares, as government agencies are deploying blockchain-based smart contracts to reduce the costs of verification, execution, arbitration, and fraud prevention. The blockchain technology overcomes the existing limitations of smart contracts in terms of privacy, scalability, auditability, confidentiality, and performance.

Major blockchain technology vendors include IBM (US), SAP (Germany), Microsoft (US), Oracle (US), Deloitte (US), AWS (US), Infosys (India),  Bitfury (the Netherlands), Auxesis Group (India), Cegeka (the Netherlands), Factom (US), BTL (Canada), SpinSys (US), OTC Exchange Network (US), ModulTrade (UK), Blocko (South Korea), Symbiont (US), brainbot technologies (Germany), Guardtime (Estonia), BigchainDB (Germany), Somish (India), RecordsKeeper (Spain), Intel (US), Accenture (Ireland), and Blockchain Foundary (Singapore).

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 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, "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:
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