Cloud Billing Market Size, Share and Global Market Forecast to 2025 | MarketsandMarkets

 

According to new market research report on"Cloud Billing Market by Component (Solutions, Services), Billing Type (Subscription, Usage-Based, One-Time, Others), Deployment Type, Service Model (IaaS, PaaS, SaaS), Organization Size, Vertical, and Region - Global Forecast to 2025",  published by MarketsandMarkets™, the Cloud Billing Market size is expected to grow from USD 3.0 billion in 2020 to USD 6.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.

The key factors that are expected to drive the growth of the market are the need for lower OPEX and CAPEX and increasing revenue leakages across industries.

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

Cloud billing solutions are tools that perform the billing of cloud-based software and infrastructure and act as a single source of invoicing. Cloud billing solutions include features such as the ability to easily accommodate new SKUs or pricing changes, calculate usage charges, and track third-party billing & payouts. For instance, it can combine solutions such as Microsoft Office 365, Azure, and Cisco into one billing engine and eliminate disparate portals and invoices.

SMEs segment to grow at the highest CAGR during the forecast period

Organizations with less than 1,000 employees are categorized under the SMEs segment. They have a low marketing budget and often lack the resources and capabilities required for effective marketing orchestration. Customer data is important for any organization. SMEs, with their limited marketing budget, try to scale up their business through cost-effective marketing techniques to generate maximum RoI from their marketing spend. The intense competitive market scenario has encouraged SMEs to invest in cloud billing solutions & services and derive insights from a large pool of data for their business growth.

Consumer goods & retail vertical to grow at the highest CAGR during the forecast period

The consumer goods & retail vertical is adopting advanced technologies such as cloud computing, Big Data analytics, DevOps, digital stores, and social networks at a high rate. The various factors driving this adoption are the rising purchasing power of customers and the increasing customer expectations, leading to existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail & consumer goods vertical, leading to the adoption of cloud computing mainly for storage, backup, and security services. Cloud computing services enable retailers to access customer data with just one click from any store located anywhere, leading to better customer service delivery.

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

Stable economic conditions and increasing SaaS adoption are expected to offer major significant drivers for the Cloud Billing Market in North America. The US is estimated to hold the largest share of the North America Cloud Billing Market in 2020, and the trend is expected to continue until 2025. It is a technologically advanced country due to the high level of technology awareness and the presence of a large number of CSPs, TSPs, and MSPs. The presence of giant cloud players, such as Microsoft, AWS, and IBM (all headquartered in the US), contributes to the growth of cloud computing in the US.

The major players in the Cloud Billing Market are Oracle (US), SAP (Germany), Salesforce(US), Zuora(US), Aria System(US), BillingPlatform(US), Recurly(US), Jamcracker(US), Cerillion(UK), CGI(Canada), ConnectWise(US), Zoho(India), AppDirect(US), CloudBilling(Netherlands), Chargebee(US), RecVue(US), Cloud Assert(US), CloudXchange.io(India), and Chargify(US).

The study includes an in-depth competitive analysis of key players in the Cloud Billing Market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

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IoT Integration Market Size, Share and Global Market Forecast to 2025 | MarketsandMarkets

 

According to market research report "IoT Integration Market Size, Application (Smart Building and Home Automation, Smart Healthcare), and Region - Global Forecast by Service (Device and Platform Management, System Design and Architecture, Network Management, Advisory), Organization to 2025",  published by MarketsandMarkets™, the IoT Integration Market size is projected to grow from USD 1.5 billion in 2020 to USD 5.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.5% during the forecast period.

 

The major factors driving the growth of the IoT Integration Market include the proliferation of connected devices to encourage BYOD and remote workplace management, development of wireless technologies, increased operational efficiency, maturing partner agreements of IoT vendors, and the emergence of Internet Protocol version 6 (IPv6).

 

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Based on services, the services segment to grow at a higher CAGR during the forecast period

The services segment includes device and platform management services, application management services, advisory services, system design and architecture, testing services, service provisioning and directory management, third party API management services, database and block storage management services, network management services, infrastructure, and workload management services. System design and architecture services involve the analysis, design, and configuration of the software components required to support the system architecture. System design engagement typically provides advice for the sizing of new systems and the scaling of existing systems. It provides improved system performance, offers tailored configuration advice, and monitors the capability usage of system resources. Service providers also design and offer client requirements and budget-specific customized services to manage business workflows. Additionally, service providers offer reliable systems and architecture services, including IoT solution and connectivity design, wireless network design, and IoT infrastructure design.

Based on organization size, large enterprises is to lead the market during the forecast period

The large enterprise segment uses the IoT integration services platform to ensure efficient integration and management of IoT devices for business processes. Large enterprises are early adopters of IoT integration services. The adoption of IoT integration services in large enterprises is said to be higher as compared to SMEs. Large enterprises have the necessary resources but face issues when it comes to deployment type due to the variety of solutions and applications available. This complexity and sophistication of the IT infrastructure may lead to the requirement of a dedicated department for IT infrastructure management. These organizations have larger budgets due to the number of users and the importance of data; however, the size of the budget may vary from industry to industry, majorly in smart healthcare, smart manufacturing, and smart transport and logistics industries.

Based on application, the smart healthcare segment to grows at a higher CAGR during the forecast period

Smart healthcare is an interconnected system of medical devices and sensors that healthcare organizations use for patient management, chronic disease management, remote monitoring of various parameters of patients, and preventive care. The connected devices enable healthcare organizations to streamline their operations, business processes and offer real-time patient care, even from remote locations. The smart healthcare application area is rapidly adopting IoT integration services to leverage IoT benefits. These services integrate IoT capabilities into medical devices for improving the quality and effectiveness of services and offering high value for elderly patients with chronic conditions and those patients who require constant supervision. IoT integration services play a vital role in the smart healthcare application area to integrate and interoperate the smart devices involved in the smart healthcare ecosystem. In addition, they help integrate vital vendor-agnostic monitoring devices and support HIPAA-compliant authorization processes and data flow management. IoT healthcare applications include smart glucose level sensing and controlling, heart monitoring, blood pressure monitoring, and smart temperature monitoring.

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

APAC is the fastest-growing region in the IoT Integration Market; this growth can be attributed to the significant adoption of advanced technologies, the proliferation of IoT-enabled devices, continuously enhancing network connectivity and government initiatives for IoT. APAC has emerged as the most lucrative market for IoT integration services. Countries of this region have a positive outlook toward IoT services and applications over various business verticals.

Moreover, these countries are taking aggressive initiatives to upsurge the IT infrastructure, thus enabling commercial users to adopt cutting-edge technology. According to the GSM Association, APAC represents the single largest market for IoT services with an expected seven billion connections by 2021. The presence of IoT vendors, such as TCS, Wipro, NTT Data, Fujitsu, and others, is one of the factors driving the growth of the IoT integration in the APAC region. The size of the revenue potential in the APAC region is attracting international IoT vendors to offer their IoT integration services in the region.

Major vendors operating in the IoT Integration Market include TCS Limited (India), DXC Technology (US), Wipro Limited (India), Atos SE (France), Accenture (Ireland), Fujitsu Ltd. (Japan), Infosys Limited (India), Capgemini (France), HCL Technologies Limited (India), Tech Mahindra Limited (India), , IBM Corporation (US), Cognizant (US), NTT Data Corporation (Japan), Dell EMC (US), Deloitte (US), Mulesoft LLC (US), Allerin Tech Pvt Ltd (India), Softdel (US), Phitomas (Malaysia), Einfochips (US), Timesys Corporation (US), Tibbo Systems (China), Aeris (US), Macrosoft Inc. (US), and Damco (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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Rail Asset Management Market Size, Share and Forecast to 2025 | MarketsandMarkets

 

According to a research report "Rail Asset Management Market by Offering (Solutions (Condition Monitoring, Predictive Maintenance, Security, Asset Planning & Scheduling) and Services), Application (Rolling Stock and Infrastructure), Deployment Mode, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Rail Asset Management Market size to grow from USD 9.4 billion in 2020 to USD 12.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% forecast period. Rail asset management solutions have spurred tremendous growth opportunities for technology vendors and various associated service providers.

 

With the growing number of government initiatives toward the development of smart transportation, rail asset management vendors taking center stage, technology providers, and consultants have aggressively started simulating innovative solutions based on conceptual modules for the designing and development of rail infrastructure.

 

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Factors contributing to the high growth rate in these regions are the increasing need for efficient rail operations, rising PPP model and government initiatives, growing population and hyper-urbanization, and increasing congestion due to aging railway infrastructure. These factors are also expected to shape the future of the global Rail Asset Management Market. However, the market also faces several challenges, including the high initial cost of deployment and integration complexities with the legacy infrastructure.

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

Based on offering, the solutions segment of the Rail Asset Management Market is projected to hold a larger market size during the forecast period. The solutions segment in the Rail Asset Management Market is further segmented into asset performance management, analytics, asset planning and scheduling, security, workforce management, network management, and others (incident management, warranty management, and material management). The incorporation of various asset management solutions for the railway industry enables rail organizations to improve the complete asset lifecycle of both rolling stock and rail infrastructure.

 By application, the infrastructure segment to record a higher growth rate during the forecast period

Railway infrastructure includes various systems, such as earthworks, bridges, tunnels, steelwork, timber, and track systems that form the base upon which the railway runs. The asset management system can enhance the efficiency and safety of these systems. Asset management comprises all systems, procedures, and tools that maximize asset availability for a minimum whole-life cost and risk, some of the activities in infrastructure asset management include route plans that involve activities, resources, and timescales for interventions on the infrastructure, detailed plans to optimize the delivery of renewals maintenance, and enhancement. Many rail operators are investing significantly in the rail infrastructure.

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Asia Pacific to record the highest growth during the forecast period

The APAC Rail Asset Management Market is estimated to have strong growth in the future. The APAC region is witnessing high growth due to the increasing adoption of new technologies, the rising investments for digital transformation, and the growing GDP in APAC countries. A majority of potential economies in the region include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be rapidly investing in the rail technological transformation.

Market Players

Major vendors in the Rail Asset Management Market include Siemens (Germany), Hitachi (Japan), Alstom (France), IBM (US), Wabtec (US), SAP (Germany), Capgemini (France), Cisco (US), Huawei (China), Accenture (Ireland),  Trimble (US), Bentley Systems (US), Atkins (UK), DXC Technology (US), Trapeze Group (Canada), WSP (Canada), Tego (US), KONUX (Germany), L&T Technology Services (India), Cyient (India), Assetic (Australia), Machines With Vision (UK), Uptake (US), Delphisonic (US), ZEDAS (Germany), and OXplus (Netherlands).

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.

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Micro Mobile Data Center Market Size, Share and Global Market Forecast to 2025 | COVID-19 Impact Analysis | MarketsandMarkets

 

According to a research report "Micro Mobile Data Center Market by Application (Instant Data Center, Remote Office and Branch Office, and Edge Computing), Rack Unit (Up to 20 RU, 20 RU to 40 RU, and Above 40 RU), Organization Size, Vertical, and Region - Global Forecast to 2025",  published by MarketsandMarkets™, the Micro Mobile Data Center Market size is expected to grow from USD 3.0 billion in 2020 to USD 6.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.

 

The micro mobile data center is a self-contained infrastructural design achieved by integrating the storage, processing, and networking modules required to run indoor and outdoor applications in a secure computing environment. Micro mobile data centers are available in standardized prefabricated sizes that enable the data center owners to save their capital investment and the time needed in building data centers by the traditional approach.

 

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The size and flexibility features of micro mobile data centers make them ideal for use in applications, such as instant data centers, remote office and branch office, and edge computing. The growing requirement for high-performing, energy-efficient, and cost-effective data center solutions is the major growth driver of the Micro Mobile Data Center Market.

 

Remote office and branch office segment to hold the largest market size during the forecast period

Organizations need to allocate IT resources for remote offices and to maintain their data centers. Regardless of the location of the office, organizations typically need to provide a standard level of IT support, thus further contributing to the overall expenses. However, organizations can deploy micro mobile data centers at remote offices to support IT. These data centers can be monitored and managed remotely and at a much lower cost. Moreover, micro mobile data centers are rugged and contain standardized pre-integrated modules that can be easily maintained. These benefits have propelled the demand for micro mobile data centers.

Above 40 RU segment to grow at the highest CAGR during the forecast period

The high-range of micro mobile data centers can support above 40 RU. These micro mobile data centers support larger facilities and can easily handle their requirements due to their larger capacities. The micro mobile centers that install the above 40 RU are witnessing high demand due to their high-performance capabilities and lower operational costs. Companies such as Huawei, Schneider Electric, Vertiv, Panduit, and others offer micro mobile data centers that support above 40 RU.

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North America to account for the largest market size during the forecast period

North America houses some of the major micro mobile data center vendors, such as HPE, Panduit, Dell, and IBM. These players have their headquarters, direct sales offices, and a large number of data centers in the region to cater to the North American client base. The micro mobile data center market in North America witnesses tremendous growth due to the rise in the adoption of edge computing and economic growth. The micro approach is emerging as a substitute for brick-and-mortar data centers of all sizes and capacities. North America has the highest number of cloud service providers and a large number of pre-existing data center facilities. This is expected to result in increased investments in the technological development of existing infrastructure, thereby contributing to the growth in the deployment of micro mobile data centers in the region.

The Micro Mobile Data Center Market comprises major solution providers, such as Schneider Electric (France), HPE (US), Dell Technologies (US), Vertiv (US), Eaton (Ireland), Huawei (China), IBM (US), Rittal (Germany), Panduit (US), STULZ (Germany), Delta    Electronics (Taiwan), Zella DC (Australia), ScaleMatrix (US), Canovate (Turkey), DataRacks (UK), Altron (Czech Republic), Cannon Technologies (UK), KSTAR (China), SICON (China), and Hanley Energy (Ireland). Some startups includes Axellio (US), EdgeMicro (US), MetroEDGE (US), Vapor IO (US), and EdgePresence (US).

The study includes an in-depth competitive analysis of these key players in the Micro Mobile Data Center Market with their company profiles, recent developments, and key market strategies.

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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Identity Verification Market Size, Share and Global Market Forecast to 2025 - MarketsandMarkets

 

According to market research report on "Identity Verification Market by Component (Solutions and Services), Type (Non-Biometric and Biometric), Organization Size, Deployment Mode, Vertical (BFSI, Government and Defense, and Healthcare and Life Sciences), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Identity Verification Market size to grow from USD 7.6 billion in 2020 to USD 15.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. Increasing digitalization with initiatives,iIncrease in fraudulent activities and identity theft, and increasing use cases of digital identities  are major growth factors for the market.

 

Initiatives by governments and enterprises with focus on digitalization and increased adoption of cloud-based identity verification and increasing need to improve customer expectations among verticals such as BFSI would provide lucrative opportunities for vendors in the Identity Verification Market.

 

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In the type segment, non-biometrics segment to hold the largest market size during the forecast period

Non-biometrics identity verification solutions are used to verify documents, such as government IDs, passport, driving license, and credit or debit cards. The non-biometrics solutions are majorly used for remote customer onboarding, fraudulent ID detection, KYC/AML compliance, and business process automation. The introduction and integration of AI and ML technologies into identity verification solutions help organizations be proactive and make highly effective detection and remediation of suspicious activities and unauthorized and invasive access requests on an enterprise network. With the rapidly growing identity-based attacks and frauds, identity verification solutions are becoming essential. The non-biometrics solution segment is an essential part of identity verification solutions and is expected to witness a huge growth in the coming years.

In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period

Cloud-based identity verification solutions are not only enabling organizations to manage their costs but also helping them in improving business agility. It is the fastest-growing deployment model in the identity verification market. SMEs prefer cloud-based deployment, as it is cost-effective and easy to deploy. With the cloud-based deployment of these solutions, small enterprises can assess vulnerabilities and reduce threat landscape at a much lower cost, thus improving their customer services. The cloud-based platform offers a centralized way to verify identities. For organizations having strict budgets on security investments, cloud-based identity verification solutions are a good fit.

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

North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as the development of government initiatives, such as smart infrastructure, smart cities, digital identity-based driver’s license, and the use of identity verification by the US police to track criminals suspected of major and minor crimes, as well as to find out missing persons, are also driving the need of identity verification across North America. Additionally, increasing demand for cloud-based identity verification services among enterprises, especially SMEs, due to advantages such as scalability and cost effectiveness are expected to fuel the growth of identity verification in the region

Major vendors in the global Identity Verification Market include 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).

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.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/identity-verification.asp
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