Serverless Architecture Market by Service type, Deployment Model, Organization Size, Verticals, and Region - Global Forecast to 2023

According to a market research report  "Serverless Architecture Market by Service type (Automation and Integration, Monitoring, API Management, Security, Support & Maintenance, and Training & Consulting), Deployment Model, Organization Size, Verticals, and Region - Global Forecast to 2023", published by MarketsandMarkets, the serverless architecture market size is estimated to be USD 4.25 billion in 2018 and expected to reach USD 14.93 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period.

The major factors expected to drive the growth of the serverless architecture market include the elimination of the need to manage servers for reducing infrastructure costs and easing deployment, management, and execution, shift from the DevOps to the serverless computing, and proliferation of microservices architecture.

Browse and in-depth TOC on “Serverless Architecture Market”

59 - Tables

44 - Figures

144 - Pages

Download PDF Brochure@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64917099

Under service types, the automation and integration services segment is estimated to account for the largest market share in 2018

The automation and integration services segment is estimated to account for the largest market share in 2018. Automation and integration services play a fundamental role in the deployment of serverless architecture. Automation services help efficiently manage microservices, which are deployed on hybrid IT platforms, to provide faster response along with optimum resource utilization. Integration services combine and consolidate the data and function of multiple micro-services. These services have gained importance, and are often required for distributed microservice applications. Moreover, they act as a catalyst for the complex issues faced during the implementation of serverless architecture in organizations.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period

SMEs are rapidly moving their traditional on-premises solutions to cloud. This change significantly reduces operational costs and helps achieve profits. Competitive pricing opens up numerous options to choose from various cloud service providers and makes it affordable for the SMEs to incorporate cloud services. As the SMEs have limited expertise, moving toward cloud would enable them to reduce their infrastructure costs.

Among verticals, the media and entertainment vertical is expected to grow at the highest CAGR during the forecast period

The media and entertainment is one of the fastest growing verticals in the serverless architecture market during the forecast period. In the past, media and entertainment companies faced the challenge of managing and supporting complex workflows, and new data formats with uncertain revenue and monetization. To manage the enormous volume of digital media and data generated across applications, serverless architecture offers an attractive solution. It enables the media and entertainment companies to manage their processes and workflows in an efficient, scalable, flexible, and reliable manner. By using serverless architecture, they are developing new and better ways to enhance their digital supply chain while reducing operating expenses.

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=64917099

In regions, North America is expected to account for the largest market share during the forecast period

North America is expected to account for the largest market share during the forecast period. It is home to 2 developed economies, the US and Canada, which contribute heavily to the growth of the regional market. One of the key reasons for the region’s growth is the early adoption of technologies and globalization of cloud. The strong financial position of the US and Canada enables them to invest heavily in the leading services of the serverless architecture market. North America is the most developed market in terms of cloud adoption, due to various factors such as standard regulations, advanced IT infrastructure, the presence of a large number of enterprises, and availability of technical expertise.

The major vendors covered in the serverless architecture market include Google (US), AWS (US), IBM (US), Microsoft (US), Oracle (US), CA Technologies (US), Rackspace (US), Alibaba (China), TIBCO (US), Platform9 (US), Syncano (US), NTT Data (Japan), Joyent (US), Iron.io (US), StdLib, Realm (US), Galactic Fog (US), ModuBiz (US), Tarams (US), Snyk (UK), Dynatrace (US), Fiorano Software (US), Manjrasoft (Australia), SixSq (Switzerland), and Twistlock (US).

About MarketsandMarkets™

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

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, "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. Sanjay Gupta
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/serverless-architecture.asp
Report: https://www.marketsandmarkets.com/Market-Reports/serverless-architecture-market-64917099.html

IT BFSI Market by Component - Technology Type, and Services, Organization Size, Deployment Type, and Region - Global Forecast to 2022

According to a market research report "IT BFSI Market by Component (Technology Type (ECM, CRM, HCM, ERP, Artificial Intelligence, Business Intelligence, Unified Communications), and Services), Organization Size, Deployment Type (Cloud and On-Premises), and Region - Global Forecast to 2022", The IT BFSI market size is expected to grow from USD 82.06 Billion in 2017 to USD 149.74 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. Increasing need to enhance customer experience and customized IT solutions launched by IT vendors to match the specific BFSI needs are major factors driving the growth of IT BFSI market.

Browse and in-depth TOC on “IT BFSI Market”

55 - Tables

40 - Figures

119 - Pages

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245625011

Cyber security technology type is expected to contribute to the largest market share during the forecast period

The BFSI vertical is one of the major targets for cyber criminals, considering the sensitive information it holds. The vertical collects vital data including customers’ financial and other personal information and employee information. Therefore, the BFSI vertical is always on the radar of cyber security product and service vendors. With the advancements in cyber-attacks, the BFSI organizations face significant challenges to safeguard their databases from internal and external hackers. This is a major factor that contributes to the high adoption of cyber-security solutions in the BFSI vertical. This vertical is always improving its processing and transaction technologies. Also, the vertical continues to introduce new and improved financial products and services to improve its business operations. Cybercriminals are attracted toward this vertical to grab sensitive customer information. The stringent government regulations are another major factor that drives the adoption of cyber security solutions in the BFSI vertical.

SMEs segment is expected to grow at a higher CAGR during the forecast period.

Contribution from SMEs to the IT BFSI market is comparatively low. However, SMEs are expected to create potential opportunities for IT vendors in the future. Proliferation of internet services is one of the major factors that have encouraged small and medium-sized banks to use advanced IT technologies to better serve their customers with online banking and mobile banking solutions. Furthermore, small and medium-sized banks have been under pressure to optimize their operations to meet the market pressure. This has encouraged small and medium-sized banks to adopt and implement IT technologies, such as ERP, CRM, HCM, and ECM, to streamline their operations and further reduce their operating costs.

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=245625011

North America accounts for the largest market share in the global IT BFSI market.

North America is projected to be the largest contributor to the global IT BFSI market by region. The top countries contributing to the growth of the IT BFSI market in North America are the US and Canada, out of which, about 75% of the market share are expected from the US alone. The IT BFSI market in North America is expected to grow at a slow rate by 2022 compared to other regions, as the IT BFSI market in the region is well-established and stagnant.

North America provides a suitable environment for startups and SMEs, in terms of government regulations and compliance. Owing to this, small financial institutions are growing rapidly in this region and thus creating heavy demand for IT technologies and services. Therefore, North America is expected to have the largest market share in the IT BFSI market.

Major IT vendors that offer various technologies and services to the BFSI vertical include IBM (US), Microsoft (US), Accenture (Ireland), Micro Focus (UK), CA Technologies (US), Adobe Systems (US), SAP (Germany), Salesforce (US), Oracle (US), and Cognizant (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.

Contact:
Mr. Sanjay Gupta
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/it-bfsi.asp

eDiscovery Market by Component - Software and Services, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023

According to a market research report "eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets, the global eDiscovery market is expected to grow from USD 10.8 billion in 2018 to USD 17.3 billion by 2023, at a CAGR of 10.0% during the forecast period.

The major factors expected to drive the growth of the eDiscovery market are the growing need for decreasing the operational budget of legal departments and rising number of litigations across the globe. Moreover, the increasing focus on proactive governance with data analytics and growing emergence of new content sources, increasing growth in compliance requirements and data protection regulations, and growing use of Internet of Things (IoT) devices across verticals are also expected to surge the growth of the market. With the increasing adoption rate of IoT and big data among enterprises, the eDiscovery market is expected to gain major traction during the forecast period.

Browse and in-depth TOC on “eDiscovery Market”

66 - Tables                                                 

36 - Figures

141 - Pages   

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11881863

Services segment to hold a larger market size in the eDiscovery market during the forecast period

The eDiscovery market has been segmented based on components into two categories, namely, software and services. The demand for eDiscovery services is expected to increase, due to their significant benefits, such as huge cost-savings, trained resources, 24X7 availability of customer services, and support for legal research using the eDiscovery software. Among components, the services segment is expected to hold a larger market size, as eDiscovery services span the entire Electronic Discovery Reference Model (EDRM) that offers end users hands-on expertise for efficiently performing their core business functions.

Cloud deployment type to grow at a higher CAGR in the eDiscovery market during the forecast period

The cloud technology is being widely adopted by businesses, as it offers various benefits, including increased storage, scalability, flexibility, security, portability, and compliance. Small and Medium-sized Enterprises (SMEs) are adopting the cloud deployment model because it is cost-effective and provides detailed results. The cloud deployment type is projected to grow at a higher growth rate, as enterprises are finding cloud-deployed eDiscovery software attractive because it is easy to implement and offers agility in organizations and on-demand models.

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=11881863

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

North America is a matured market in terms of technology adoption, owing to various factors, including standardized regulations, advanced IT infrastructures, the presence of many enterprises, and availability of proficient technical experts. The region is an early adopter of eDiscovery services, as North American enterprises strictly adhere to regulations as compared to that of other regions. It is expected to hold the largest market size during the forecast period, as the countries in the region, especially the US and Canada, are rapidly adopting eDiscovery services to comply with various regulatory requirements and survive legal procedures.

Major vendors in the eDiscovery market include AccessData (US), Catalyst (US), Epiq (US), FTI (US), IBM (US), Micro Focus (UK), Microsoft (US), Nuix (Australia), OpenText (Canada), and ZyLAB (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. Sanjay Gupta
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/e-discovery.asp

At a CAGR of 14.9% Management Decision Market expected to reach $6.18 Billion by 2022

According to market research report "Management Decision Market by Software, Service, Deployment Type, Function (Credit Risk Management, Collection Management, Customer Experience Management), Organization Size, Industry, And Region – Global Forecast to 2022 "The management decision market size is projected to reach USD 6.18 Billion by 2022. The management decision market size is expected to grow from USD 3.09 Billion in 2017 to USD 6.18 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period. Increase in need for business agility and faster operational decisions is the major driver of the management decision market growth. Moreover, it is increasingly important for enterprises to adhere to increasing government compliance, and accelerate return on investment for organizations , which drive the management decision market growth.

Browse and in-depth TOC on “Management Decision Market”

67 - Tables

41 - Figures

136 - Pages   

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21799742

Rapid adoption of management decision software, owing to robust and well-established economies, is expected to make North America the largest regional market.

In the US and Canada, organizations have rapidly adopted and invested in the emerging technologies, such as analytics, big data, and cloud platforms. North America has the first-mover advantage of adopting new technologies, such as big data and cloud platforms. Moreover, there has been an increasing demand among enterprises to automate business decision-making process and increase productivity in the region. Several companies willingly invest in North America due to presence of numerous large enterprises in the region. The factors driving the growth of the management decision market in North America are stable economy, technology enhancements, and optimized infrastructure costs.

The BFSI segment is expected to account for the largest market size during the forecast period.

 The Banking, Financial Services, and Insurance (BFSI) segment includes commercial banks, insurance companies, non-banking financial companies, stock brokerage firms, and payment gateway providers. This industry deals with critical financial data and credit risks; hence, it is a good contributor in the management decision market. Owing to the continuous changes in the competitive environment, companies need to enhance their operational efficiencies. Hence, management decision software empowers financial institutions to automate their business decision-making process to enhance the operational efficiencies of an organization. Furthermore, growing need to deal with increasing number of recurring operation decisions daily is expected to drive the demand for management decision software.

Inquiry Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=21799742

The large enterprises segment is expected to gain a larger market share during the forecast period.

Organizations with more than 1,000 employees are categorized as large enterprises. Large enterprises have their customers across various regions and account for high market shares, technical expertise, and effective business strategies. This large enterprises are expected to invest in new and latest technologies to run their business effectively. The market size of the management decision market is larger in the large enterprises segment. Moreover, adoption of management decision software in large enterprises has become an integral part of these large-scale organizations to sustain in the competitive market.  Furthermore, large enterprises prefer implementing software and services that are expected to assist them in increasing their profits.

The major vendors in the management decision market include FICO (US), SAS (US), TIBCO (US), Oracle (US), IBM (US), Sapiens (Israel), Experian (Ireland), ACTICO (Germany), Pegasystems (US), Equifax (US), Parmenides (Germany), Decision Management Solutions (US), OpenRules (US), and Sparkling Logic (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.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Digital Identity Solutions Market by Solution, Authentication Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024

According to a market research report "Digital Identity Solutions Market by Solution (Biometrics and Non-Biometrics), Authentication Type, Deployment Mode (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the digital identity solutions market size is projected to grow from USD 13.7 billion in 2019 and expected to reach USD 30.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.3% from 2019 to 2024.

The increased focus on enhanced customer experience is anticipated to be a major driver, and the trend is expected to continue for the digital identity solutions industry. Additionally, the need of multi-purpose single digital identity and technological advancements in terms of Artificial Intelligence (AI), Machine Learning (ML), and blockchain have bolstered the potential use cases across verticals.

Browse and in-depth TOC on “Digital Identity Solutions Market”

135 - Tables

32 - Figures

177 – Pages

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247527694

By solution, biometrics to hold a larger market size during the forecast period

Digital identity management solutions evolved from passwords to biometric authentication, such as fingerprint, facial recognition, retina or eye scan, handprint, and voice recognition. The biometric features are unique for every individual. These solutions follow lock and capture mechanism to authenticate the individual and allow access to specific set of services. Biometric solutions are more secure than conventional passwords systems. These solutions also use multi-factor authentication to add an extra layer of protection. Hence, the biometrics segment is expected to be the fastest-growing segment during the forecast period.

Retail and eCommerce vertical to be the fastest-growing vertical during the forecast period

The retail sector is rapidly implementing digital identity solutions to support business stability and improve the level of competitiveness. Retail is one of the top cost-conscious verticals and is the most targeted one for cyberattacks due to potential payouts and a huge number of monetary transactions Offered by credit card providers, such as Visa and MasterCard.  In addition, the increasing complexities of supply chain, employees, channel partners, and customers are expected to force retailers to adopt managed authentication services. Retailers need stronger and faster authentication technologies for seamless flow of working. Digital identity solutions help improve customer experience and reduce cost and resource expenditure. Digital identities, such as face recognition help retailers proactively prevent organized retail crimes. Hence, digital identity solutions are gaining traction in the retail and eCommerce vertical to safeguard users from potential critical incidents and enhancing customer experience.

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=247527694

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

North America has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the digital identity solutions market. The presence of key players is expected to be the major factor driving the growth of the market in this region. Companies, such as Telus Corp, ForgeRock, Jumio, Duo Security (Cisco), and Imageware Systems, along with several startups in the region, are offering digital identity solutions to cater to the needs of customers.

Market Players

The major vendors covered in the digital identity solutions market include NEC (Japan), Samsung SDS (UK), Thales Group (France), GBG (UK), Telus (Canada), IDEMIA (France), Tessi (France), ForgeRock (US), Jumio (US), Refinitiv (UK), Duo Security (Cisco) (US), AU10TIX (Cyprus), Imageware Systems (US), Verisec (Sweden), vintegrisTech (Spain), Signicat (Norway), Smartmatic (UK), Syntizen (India), Intesa (IBM) (Italy), and RaulWalter(Estonia).

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. Sanjay Gupta
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/digital-identity-solutions.asp

Connected Toys Market by Interacting Device, Age Group 2–5 Years, 6–8 Years, 9–12 Years, and Teenagers, Region - Global Forecast to 2024

According to new market research report "Connected Toys Market by Interacting Device (Smartphone-Connected Toys, App-Connected Drones, Console-Connected Toys, and Tablet-Connected Toys), Age Group (2–5 Years, 6–8 Years, 9–12 Years, and Teenagers), Region - Global Forecast to 2024", The connected toys market is expected to grow from USD 5.7 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period. The major factors driving the connected toys market include the rising adoption of STEM among kids and widespread and easy availability of connected platform.

Browse and in-depth TOC on “Connected Toys Market”

24 - Tables

24 - Figures

80 – Pages

Download PDF@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38031230

The console-connected toys segment to hold the largest market size during the forecast period

Console-connected toys are commonly known as video games. These games are played on a device specially made called video game console. The player interacts with the game through a controller, a hand-held device with buttons and joysticks or pads. The gamer receives the video and sound through a television. For instance, SquareOne is the first connected board game console to merge two universes that never combined before: traditional and video games. Through its patented technology, SquareOne solves the issue of identifying objects as well as the gameboard’s physical importance. SquareOne screen is bordered with 26 dedicated squares that can be used by cardboard tiles, cards, and other connected toys.

9–12 years age group segment to grow at the highest CAGR during the forecast period

Children in the 9–12 years age group can learn new things rapidly and are efficient at using tablets. Science, Technology, Engineering, and Mathematics (STEM) toys enable children in the age group of 9-12 years to solve complex problems, which enhances their solving skills. For instance, Osmo offers Osmo Genius Kit, specially designed for the kids aged between 9-12 years, which help the children to improve skills in areas such as math, drawing, language and vocabulary, and creative thinking. It helps adjust the children’s skill levels and keep them challenged and entertained.

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=38031230

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

North America is estimated to account for the highest market share in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced geography in terms of adopting new and emerging technologies. Moreover, it houses key industry players offering connected toys. The financial position of these industry players enables them to invest in the leading tools and technologies for effective business operations.

Major vendors offering connected toys software and services across the globe include Mattel (US), Hasbro (US), LEGO Group (Denmark), Sphero (US), Sony (Japan), PLAYMOBIL (Germany), BANDAI NAMCO (Japan), KNEX (US), Konami (Japan), Wonder Workshop (US), PlayFusion (UK), Anki (US), WowWee (Hong Kong),  DXTR Labs (Denmark), and Leka (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.

Contact:
Mr. Sanjay Gupta
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/connected-toys.asp
Report: https://www.marketsandmarkets.com/Market-Reports/connected-toys-market-38031230.html