Showing posts with label technology. Show all posts
Showing posts with label technology. Show all posts

Tuesday, 11 January 2022

Mobile Device Management Market Size, Share and Global Market Forecast to 2026 | COVID-19 Impact Analysis | MarketsandMarkets

 

According to new market research  "Mobile Device Management Market by Component (Solutions (Device management, Application Management, Security management) and Services), Deployment Mode, Organization Size, Operating system Vertical and Region - Global Forecast to 2026" published by MarketsandMarkets, the global Mobile device management Market size to grow from USD 5.5 billion in 2021 to USD 20.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.8% during the forecast period. The presence of various key players in the ecosystem has led to competitive and diverse market.

Mobile device management solutions allow IT teams and admins to control and distribute security policies to mobile devices accessing sensitive corporate data in their organizations, ensuring the corporate network is secure. With more employees using one or all of these devices, organizations across all shapes and size are now turning to mobile device management for enhanced data and network security and improved employee productivity. MDM solutions enable IT admins to configure enterprise-grade security policies on mobile devices, making them corporate ready.

Browse  in-depth               TOC on "Mobile Device Management Market”       
361-Tables
55-Figures
327- Pages

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105562389


The services to record a higher growth rate during the forecast period

In the Mobile Device Management Market by component, the services is expected to record a higher growth rate during the forecast period. Services play an important role in managing mobile devices within an enterprise environment. A majority of MDM vendors offer support services to enterprises for driving more business revenue. They offer two major types of services: professional services and managed services. Professional services have been further categorized into three types: consulting services, implementation services, and support services. The services market holds a substantial share of the total Mobile Device Management Market and is expected to grow at a high rate.

Large Enterprises are expected to hold a larger market share during the forecast period

By Organization size, large enterprises are expected to hold the largest market size Large enterprises hold a larger market size in the present market, as the segment has already shown major adoption and implementation of mobile device management services. The use of Smartphone’s and tablets to access business applications has become a common practice in large enterprises. The growth of the large enterprises segment in the MDM market can be attributed to the increasing adoption of mobile devices among businesses and the importance of mobile applications as an effective medium of connecting organizations, their customers, and their employees.

Cloud Deployment is expected to have a higher growth rate during the forecast period

By Deployment Mode, cloud is expected to have a higher growth rate. Benefits include flexibility, scalability, affordability, operational efficiency, and low costs. This is due to the associated functionalities and core features. The additional benefits of cloud-based solutions include effectiveness while being used by various users, reduced upfront costs, easy rolling out of new projects, zero hardware investments, low maintenance costs, and minimized infrastructure.

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iOS is expected to have a higher growth rate during the forecast period

By Operating system, iOS is expected to have a higher growth rate. iOS is Apple’s proprietary OS and is specifically designed to function on Apple devices. The company offers iOS in several devices, such as the iPhone, which is the company’s flagship product. iOS contributes a significant share to the overall mobile OS segment. Apple provides several in-built security functions and software updates to offer maximum security for its mobile devices. These devices include boot and runtime protections for maintaining the integrity of devices during the ongoing mobile operations. The iOS security model only allows the installation of applications that have been signed by Apple.

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

North America is expected to hold the largest market size in the global Mobile Device Management Market during the forecast period. with large-scale implementations of mobile device management solutions by enterprises over the last few years. This region has been extremely responsive toward adopting the latest technological advancements, including mobile devices, cloud computing, and IoT, within enterprises. The US is the major contributor across North America, as continuous innovation as well as the introduction of new technologies are the key factors driving the growth of the US market.

The key and emerging market players in the Mobile Device Management Market include VMware (US), Microsoft (US), IBM (US), Blackberry (Canada), Citrix (US), Google (US), Cisco (US), Samsung (South Korea), Micro Focus (UK), ZOHO (India), SolarWinds (US), SAP (Germany), Quest Software (US), Ivanti (US), Sophos (US), SOTI (Canada), Jamf (US), Qualys (US), Snow Software (Sweden), Matrix 42 (Germany), Rippling (US), 42Gears (US), ProMobi (India), Baramundi (Germany), Mitsogo Inc (US), Codeproof technologies (US), AppTec (Switzerland), Addigy (US), Kandji (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Mobile Device Management Market.

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.

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/mobile-device-management.asp
Report:
https://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.html

 


Thursday, 16 December 2021

Identity Verification Market Size, Share and Global Market Forecast to 2026 : 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 2026", published by MarketsandMarkets™, the global Identity Verification Market size to grow from USD 8.6 billion in 2021 to USD 18.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.

The global market size of the Identity Verification Market is expected to grow from 8.6 billion to 18.6 billion at a CAGR of 16.6% during the forecast period. Increasing digitalization with initiatives, increase 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 the increasing need to improve customer expectations among verticals such as BFSI would provide lucrative opportunities for vendors in the Identity Verification Market.

Browse in-depth TOC on "Identity Verification Market”
325- Tables
39- Figures
271- Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178660742

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
Report:
https://www.marketsandmarkets.com/Market-Reports/identity-verification-market-178660742.html


Tuesday, 14 December 2021

Speech-to-text API Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

 

According to a market research report "Speech-to-text API Market by Component (Software and Services), Application (Fraud Detection & Prevention, Content Transcription, Subtitle Generation), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Speech-to-text API Market is projected to grow from USD 2.2 billion in 2021 to USD 5.4 billion by 2026; it is expected to grow at a CAGR of 19.2% during 2021–2026.

Browse and in-depth TOC on “Speech-to-text API Market

306 - Tables

61 - Figures

295 - Pages


During the pandemic, many companies experienced a significant increase in pressure from customers, while their number of available employees decreased. Many contact centers were unable to cope with demand or closed because of lockdown restrictions, leading to long delays in customer service queries, which significantly affected the customer experience. As businesses develop a more strategic approach that delivers resilience into operations through the flexibility and scalability while at the same time working to improve operational efficiencies, so speech-to-text API is rising to the forefront of technology enablers.

Download PDF@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203810785

Data analytics application builders are seeking medical speech recognition capabilities that help them efficiently and accurately transcribe video and audio containing COVID-19 terminology into text for downstream analytics. For instance, AWS offers Amazon Transcribe Medical, which is a fully managed speech recognition (ASR) service that makes it easy to add medical speech-to-text capabilities to any application. Powered by deep learning, the service offers a ready-to-use medical speech recognition model that users can integrate into a variety of voice applications in the healthcare and life sciences domain. Users can use the custom vocabulary feature to accurately transcribe more specific medical terminologies, such as medicine names, product brands, medical procedures, illnesses, or COVID-19-related terminology.

The services segment to hold higher CAGR during the forecast period

Based on components, the market size of the software segment is expected to hold a larger market share in 2021, while the services segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to the need for determining the time and cost required to install the API/software tools that require fully managed speech-to-text API services. The high growth is attributed to the higher adoption of speech-to-text API solutions across key verticals, such as BFSI, media and entertainment, and retail and eCommerce.

The cloud segment to hold the larger market size during the forecast period

Based on deployment mode the Speech-to-text API Market is bifurcated into on-premises and cloud. The market size and CAGR of the cloud segment are estimated to be higher than the on-premises segment during the forecast period. The cloud technology benefits of easy deployment and minimal capital requirement facilitate the adoption of the cloud deployment model. The adoption of cloud-based speech-to-text API solutions is expected to be supported by the COVID-19 pandemic, as lockdowns and social distancing practices are encouraging companies to move to cloud solutions that can be managed remotely. The increasing demand for scalable, easy-to-use, and cost-effective speech-to-text API solutions is expected to accelerate the growth of the cloud segment in the Speech-to-text API Market.

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

The large enterprises segment is estimated to hold a larger market share in 2021. The growth of the segment is due to increased competition in large enterprises from budding SMEs. Owing to the availability of cost-effective cloud solutions, speech-to-text API solutions and services are expected to witness a prominent growth rate among SMEs during the forecast period.

Healthcare and life sciences vertical is to have the highest CAGR during the forecast period

The healthcare and life sciences segment is projected to grow at the highest CAGR during the forecast period. Speech-to-text API helps financial institutions effortlessly connect with customers to provide an enhanced customer experience. The need for rapid diagnosis, healthcare data analysis, and better patient care is expected to drive the growth of the healthcare and life sciences vertical in the APAC region.

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

In North America is expected to hold the largest market size in 2021. In North America, speech-to-text API/software tools and services are highly effective in most organizations due to the increasing need to extract meaningful insights from voice data to enhance user experience. APAC is expected to hold the largest CAGR during the forecast period, while Latin America and MEA are slowly picking up speech-to-text API due to its benefits for various industries to get user insights.

Key players offering Speech-to-text API Market. The major vendors covered Google (US), Microsoft (US), AWS (US), IBM (US), Verint (US), Baidu (China), Twilio (US), Speechmatics (UK), VoiceCloud (US), VoiceBase (US), Voci (US), Kasisto (US), Nexmo (US), Contus (India), GoVivace (US), GL Communications (US), Wit.ai (US), VoxSciences (US), Rev (US), Vocapia Research (France), Deepgram (US), Otter.ai (US), AssemblyAI (US), Verbit (US), Behavioral Signals (US), Chorus.ai (US), Gnani.ai (India), Sayint.ai (India), and Amberscript (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.

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/speech-to-text-api.asp
Report:
https://www.marketsandmarkets.com/Market-Reports/speech-to-text-api-market-203810785.html

Wednesday, 1 December 2021

Smart City Platforms Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

 

According to a market research report "Smart City Platforms Market by Offering (Platforms (Connectivity Management, Integration, Device Management, Security, Data Management) and Services), Delivery Model, Application (Smart Transportation, Public Safety), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global smart city platforms market size to grow from USD 156.1 billion in 2021 to USD 258.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.6 % during the forecast period. Various factors such as increase in adoption of IoT technology for infrastructure management and city monitoring and exponential rise in urban population are expected to drive the adoption of smart city platforms and services.

In a short time, the COVID-19 outbreak has affected markets and customer behaviors and substantially impacted economies and societies. Healthcare, telecommunication, media and entertainment, utilities, and government verticals function day and night to stabilize conditions and facilitate prerequisite services to every individual. The telecom sector, in particular, is playing a vital role across the globe to support the digital infrastructure of countries amid the COVID-19 pandemic.

Browse and in-depth TOC on “Smart City Platforms Market

285 - Tables

40 - Figures

314 - Pages   

 

According to Fujitsu’s Global Digital Transformation Survey, offline organizations were damaged more, while online organizations witnessed growth in online demand and an increase in revenue. 69% of the business leaders from online organizations have indicated that they witnessed an increase in their business revenue in 2020. In contrast, 53% of offline organizations saw a drop in revenues.

Innovative IoT-based smart city solutions, which can be effectively coupled with big data, analytics, cloud, security, and network connectivity, are witnessing massive demand from various sectors. The adoption of IoT technology in smart city applications, such as smart utilities and smart citizen services, is expected to raise the adoption of smart city platforms during the pandemic as regulatory authorities of various countries are majorly focused on monitoring health, safety, and living standards of their citizens. To cater to the need for managing IoT devices across various cities, IoT solutions vendors need to enhance the management capabilities of their platforms.

Download PDF@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236996337

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

Smart city platforms enable the integration of various software, devices, sensors, machines, routers, controllers, gateways, and edge-computing systems to streamline business processes and increase operational efficiency. Smart city platforms can be utilized as a technology suite or an open, general-purpose application platform or as both. Smart city platforms are engineered to support the requirements of safety, security, and mission criticality associated with industrial assets and their operating environments. These platforms monitor IoT endpoints and event streams and support and translate a variety of manufacturer and industry proprietary protocols. Smart city platforms enable connectivity between objects or platforms and consist of a variety of important building blocks, such as connectivity and normalization, device management, database, processing and action management, analytics, visualization, and external interfaces. Different smart city platforms considered in the study include connectivity management platform, integration platform, device management platform, security platform, and data management.

Connectivity management platforms segment to account for higher CAGR during the forecast period

The connectivity management platform segment reduce additional costs and operational overheads while delivering an intelligent network of connected things. Moreover, this platform primarily deal with connectivity operations across infrastructure that are carried out through cellular connectivity, Low Power Wide Area Network (LPWAN), and Wi-Fi.The growth of the segment is driven by the ongoing smart city developments, specifically in developing regions. Moreover, connectivity being the backbone of any smart infrastructure, the growth rate of the connectivity management platform segment is relatively high as compared to other platforms.

Professional services segment to hold a larger market size during the forecast period

Professional services are services offered through professionals, specialists, or experts to support business operations. These services include deployment and training, consulting and architecture designing, and infrastructure monitoring and management services. The latest techniques, strategies, and skills adopted by professionals encourage the adoption of smart city platforms. They also offer customized implementation and integration of smart city platforms with legacy solutions and assist customers following industry-defined best practices. As far as deployment services are concerned, vendors cover all phases of platform deployment, right from auditing, consulting, deployment, support, training to ongoing performance optimization.

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Hybrid delivery model segment to have a higher CAGR during the forecast period

In the hybrid delivery model, the deployment of the solution is at the customer’s site, which is similar to the offshore model. Maintenance and upgradations are done at the customer’s site, while some parts of the solutions are handled remotely from the vendor’s site and some from the customer’s site. The hybrid delivery model is highly adopted, owing to the connectivity management and security platforms. In this delivery model, the benefits of both the on-site and offshore models can be harnessed. Moreover, hybrid solutions deliver a wide range of functionalities and core features, fueling the overall adoption of hybrid solutions during the forecast period.

APAC to hold higher CAGR during the forecast period

Asia Pacific is an emerging smart city platform market. China, Japan, and Australia are the major countries contributing to the growth of the market in the region. Asia Pacific also houses other major economies, such as Singapore, South Korea, and India. Japan and China are among the largest manufacturing economies that produce automobiles, information technology products, and electronic products. The smart city platform paradigm has changed considerably with the growing popularity of advanced technologies such as robotics and big data analytics.

Major vendors in the global smart city platforms Alibaba Group Holding Limited (China), Amazon Web Services, Inc. (US), Bosch.IO GmbH (Germany), Quantela, Inc. (US), Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Fujitsu Limited (Japan), Fybr(US), Google LLC (US), Hitachi, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), International Business Machines Corporation (US), Intel Corporation (US), KaaIoT Technologies, LLC. (US), Microsoft Corporation (US), NEC Corporation (Japan), Oracle Corporation (US), SAP SE (Germany), Schneider Electric(France), SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A. (Spain), Siemens AG (Germany), Sierra Wireless Inc. (Canada), SIRADEL SAS (France), Smarter City Solutions(Australia), NEXT BIG THING LABS S.L. (Spain), Ubicquia, Inc (US). Verdigris Technologies, Inc (US), Softdel (US), Igor, Inc (US), Telensa Inc (UK), Enevo Inc. (US), Confidex Ltd (Finland), 75F(US), Ketos(US), and Cleverciti Systems GmbH (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
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/smart-city-platforms.asp
Report: https://www.marketsandmarkets.com/Market-Reports/smart-city-platforms-market-236996337.html

 

 


Thursday, 25 November 2021

Smart Water Management Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

 

According to a market research report "Smart Water Management Market by Water Meter (AMR, AMI), Solution (Enterprise Asset Management, Network Management, Smart Irrigation), Service (Professional, Managed), End User (Commercial & Industrial, Residential), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global Smart Water Management  Market size to grow from USD 13.8 Billion in 2021 to USD 22.4 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

The presence of various key players in the ecosystem has led to competitive and diverse market. The growth of the SWM market is expected to gain traction in the next five years, which can be attributed to factors, such as rapid urbanization generating enormous pressure on water utilities for quality and continuous water supply and related services; rapid adoption of advanced technologies for innovating smart solutions to cater to the growing water industry challenges; rising concern for sustainable living leading to the development of regulations and laws by governments across the globe to reduce water consumption; and developing water treatment solutions. Developed economies across the globe are facing a major challenge in the form of aging infrastructure, which generates a huge demand for its replacement with smart water infrastructure solutions, offering precise control over water resources through real-time data.

Browse and in-depth TOC on “Smart Water Management Market

283 - Tables

48 - Figures

258 – Pages

 

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1265

The solution segment to record a larger market share during the forecast period

In Smart water management market by offering the solutions segment is expected to record a larger market share during the forecast period With technology becoming more advanced with time, water utilities are adopting smart solutions to integrate various business processes, accelerating them toward growth. Integrating various advanced technologies with the existing operations helps them increase the operational efficiency of the entire water network even with low infrastructure investment. These technologies and smart infrastructure are used to develop innovative solutions for customers in the smart water industry. During the forecast period, the adoption of smart solutions fare is expected to surge due to the rising awareness about the quality of water, scarcity of natural freshwater resources, rising consumer demands, and technological advancements.

Residential segment is expected to have higher growth rate during the forecast period

By end user the residential segment is expected to have the highest growth rate during the forecast period. The demand for freshwater in residential areas has shown unprecedented growth due to the world’s growing urban population, changing lifestyles, and eating habits leading to higher water consumption. The increase in water consumption is more pronounced in urban settings with high population density with the presence of production industries that contribute toward major water consumption. The rising demand for quality water services is expected to propel the demand for SWM solutions in residential areas. The solutions for SWM in residential areas are more focused on supplying quality water to the consumers, as water and sanitation access rates are higher in residential areas, leading to the rising demand for improved city planning and infrastructure with an efficient water supply and drainage system. In residential areas, the demand for quality water and improved sanitation services is rising due to concerns, such as poor health conditions resulting from contaminated water consumption.

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AMI Meters segment is expected to have a higher growth rate during the forecast period

By Watermeter Type, AMI meters is expected to have a higher growth rate. AMI is a network-based technology that uses two-way communication to communicate data from water meters to a remote metering master office, providing similar benefits to AMR systems. The AMI system comprises a head-end system that combines hardware and software to bring water utility data up to date. It also includes digital smart water meters. However, the fundamental communications network in AMI is bidirectional. AMI supports the collection of meter data more frequently than AMRs, where the data is utilized by the utility for billing, consumption, and usage analysis, and meter control, such as Meter Data Management MDM) and Master Client Index (MCI). In addition to these, AMI also offers water utilities the ability to turn on and off the services from one central location. AMI systems can tie together more utility departments, from engineering and operations departments to asset management and planning departments. AMI is an advanced and smarter system that has built-in tools for the enhancement of customer service and satisfaction. In the coming five years, AMI is set to replace legacy systems in residential, commercial, and industrial setups due to the increasing demand for advanced functionalities and technologies to analyze, store, and utilize a large amount of data.

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

North America is expected to hold the largest market size in the global Smart Water Management market during the forecast period. Factors responsible for the growth of the North American market are fast technology adoption, a large urban population with rising demands for quality services, and aging infrastructure, which is in serious need of replacement or upgrades. In North America, SWM solutions are being deployed at a rapid pace to address the effects of climate change, water usage patterns, and the management of new man-made contaminants. According to findings by the US Water Alliance, more than 1.6 million Americans face a shortage of running water, indoor plumbing, and wastewater treatment. Along with this, the most pressing issue in the region is the aging infrastructure, which has led cash-strapped water utilities to deploy smart water solutions due to acute water losses from a large number of pipeline leakages, bursts, and outage incidents.

The key and emerging market players in the Smart Water Management Market include Siemens (Germany), IBM (US), ABB (Switzerland), Honeywell Elster (US), Schneider Electric (France), Itron (US), SUEZ (France), Oracle (US), Landis+Gyr (Switzerland), Trimble Water (US), HydroPoint (US), i2O Water (UK), Xenius (India), Neptune Technology (US), Takadu (Israel), Badger Meter (US), AquamatiX (UK), Fluid (US), Lishtot (Israel), Elentec (UK), Syrinix (UK), CityTaps (France), FREDsense (Canada), Fracta (US), and Xylem (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Smart Water Management.

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