Debt Collection Software Market by Component, Organization Size, Deployment Type, User Type, and Region - Global Forecast to 2024

According to a  market research report "Debt Collection Software Market by Component (Software, Services), Organization Size, Deployment Type, User Type (Financial Institutions, Collection Agencies, Healthcare, Government, Telecom & Utilities), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global debt collection software market size is expected to grow from USD 2.9 billion in 2019 to USD 4.6 billion by 2024, at a CAGR of 9.6% during the forecast period.

The growing demand for automation in the collection process, rising need for self-service payment models to speed up the collection process, and increasing adopting of cloud-based debt collection software are some of the major factors driving the growth of the market.

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The large enterprises segment is expected to account for the larger market share during the forecast period.

The use of the debt collection in large enterprises is relatively higher as compared to that of small and medium-sized enterprises (SMEs). This higher use is due to the affordability and economies of scale, which enables large organizations to benefit from the debt collection. Large enterprises have left no stone unturned to compete in today’s cut-throat competitive industry. Moreover, the need for multichannel communication to reach debtors and improve the collection process through automation is likely to drive the growth of the debt collection software.

The services segment to grow at a higher CAGR during the forecast period as compared to the solutions segment

Debt collection services have a broad scope of usage, ranging from assistance to the client for the deployment of software, strategy, & implementation, to cater to the business-specific needs of organizations. Debt collection services help businesses bridge legacy systems to modern applications and take care of training and implementation work so that the client can focus on their core business. This has created opportunities for vendors to provide services to different stakeholders of debt collection ecosystem and help them deal with complexities while configuring modern debt collection software.

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North America estimated to lead the debt collection software market during the forecast period

North America is expected to account for the largest share of the debt collection software market in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies and cloud-based platforms to take hold of the increasing bad debt rates. The North American region exhibits a wide presence of key industry players offering debt collection software and services, and its financial position enables it to invest majorly in leading tools and technologies for effective business operations.

FIS (US), FICO (US), Experian (Ireland), CGI (Canada), TransUnion (US), Pegasystems (US), Temenos (Switzerland), Intellect Design Arena (India), Nucleus Software (India), Chetu (US), AMEYO (India), Loxon Solutions (Hungary), EXUS (UK), Kuhlekt (Australia), and Katabat (US) are some of the leading companies operating in this market.

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

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

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

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By 2024 Global Smart Building Market will reach $105.8 billion, at a CAGR of 11.7%

According to a market research report "Smart Building Market by Component (Solution,Services), Solution (Security, Emergency Management Energy Management), Services, Building Type (Commercial, Industrial), Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024", published by MarketsandMarkets, The Smart Building market size is expected to grow from USD 60.7 billion in 2019 to USD 105.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.

The major drivers for the Smart building include Rising adoption of IoT-enabled building management system, raising awareness of space utilization increased industry standards and regulations.

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North America to lead the Smart building market during the forecast period.

The growth of the market in North America can be attributed to the region has witnessed the emergence of latest smart building solutions that leverage new technologies, such as IoT, big data, cloud computing, data analytics, deep learning, and artificial intelligence, for saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards. Moreover, North America is a technologically advanced region in the world due to the rapid adoption of emerging technologies by the organizations in the region. Furthermore, the US and Canada are prominent countries contributing to technological development in this region; for instance, US organizations are heavily investing into smart building measures, such as building controls and building systems integration, to leverage energy efficiency and energy storage and deliver smarter, safer, and more sustainable buildings while the Canadian government is taking initiatives to support Canada’s commitment to protecting the environment and its resources by making federal buildings more energy-efficient and reducing greenhouse gas emissions, driving the growth of smart buildings

Industrial building segment is expected to grow with the fastest growth rate during the forecast period.

Industrial buildings are often large and have many moving parts. Smart industrial building solutions automate building temperature control, security, and maintenance for more efficient property management through various mobile computing devices, such as mobile devices and computers.

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The Security and Emergency Management solution in the solution type segment is expected to lead the Smart building market in 2019.

IoT consulting services help in refining the business processes of organizations and are used for formulating different strategies, developing use cases, planning roadmaps, assessing technologies, and framing IoT architectures. The providers of IoT consulting services ensure development and implementation of the appropriate IoT applications and architecture in organizations. They guide companies to create new IoT infrastructures to enhance their existing systems. The providers of IoT consulting services also help non-IT companies with minimal expertise to understand IoT technology. IoT consulting services can be classified into technology consulting services, business consulting services, and operational consulting services.

The major vendors covered in the Smart building market include Honeywell (US), Johnson Controls (US), Cisco (US), Hitachi (Japan), Siemens (Germany), IBM (US), Schneider Electric (Germany),Intel (US),Huawei (China),ABB (Switzerland),L&T Technology Service (India),75F (US), Telit (Switzerland), Pointgrab (Israel), LogicLadder (India), Spacewell (Belgium), PTC (US), Avenet (US), Softdell (US), Spaceti (Czech Republic).

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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HR Analytics Market by Component, Application Area Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2024

According to new market research report "HR Analytics Market by Component, Application Area (Workforce Management, Recruitment, and Employee Development), Organization Size, Deployment Type, Vertical (BFSI, Manufacturing, and IT and Telecom), and Region - Global Forecast to 2024", is expected to grow from USD 1.9 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period. The increasing demand to automate HR processes, scaling HR personnel  effort with the help of advanced technologies, and growing need to enhance workforce engagement are some of the major factors driving the growth of the HR analytics market.

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The workforce management segment to hold the largest market size during the forecast period

The workforce management application area is widely adopted across verticals, owing to the need to place right people at right job for meeting business objectives. Labor is one of the biggest expenses to be bared by organizations. The use of HR analytics enables organizations to predict and forecast an accurate number of employees required to complete a particular job. Enterprises employ the HR analytics solution for standardizing processes across varied departments. The adoption of the HR analytics solution enables organizations to increase employees’ productivity, performance, and satisfaction.

The Banking, Financial Services, and Insurance (BFSI) vertical to hold the largest market size during the forecast period

The BFSI vertical is undergoing massive disruption, due to regulatory changes and competitive pressures. It is facing unique challenges, such as low-profit margins, information security threats, and compliance requirements. The challenges encourage the BFSI vertical to adopt HR analytics for aligning workforce to streamline operations and minimizing workforce costs. With the advent of mobile technology, customer preferences and behavior are changing. Enterprises are emphasizing on adopting the HR analytics solution to boost the performance of their sales employees and marketing representatives. The solution leads to better customer satisfaction and engagement.

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

The HR analytics solution has a wide scope of usage among enterprises, as it assists businesses in managing different applications, such as payroll, retention, recruitment, workforce management, employee engagement, and employee development. This has created opportunities for vendors to provide the HR analytics solution to enterprises across different verticals and help them in managing complex functions, such as recruiting, on-boarding, and training of employees.

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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 region in terms of adopting digital technologies. The North American region houses key industry players offering HR analytics solution and services. Its financial position enables it to invest majorly in leading solutions and technologies for effective business operations.

The key vendors in the HR analytics market are Oracle (US), SAP (Germany), Infor (US), Workday (US), Sage Software (UK), Kronos (US), MicroStrategy (US), IBM (US), Tableau (US), Zoho (India), Crunchr (Netherland), Visier (Canada), TALENTSOFT (Paris), GainInsights (India), and Sisense(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:
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MarketsandMarkets™ INC.
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Mobile Device Management (MDM) Market by Type, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023

According to new market research "Mobile Device Management (MDM) Market by Type (Solution (Device Management, Application Management, & Security Management), and Service), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical, and Region - Global Forecast to 2023", The Mobile Device Management (MDM) market size is expected to grow from USD 2.81 Billion in 2018 to USD 7.86 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period. The propagation of smartphones and tablets, the growing security concerns to protect corporate data, and the increasing need for MDM solutions to manage and synchronize different platforms through a single console are expected to be the major factors in driving the MDM market.               

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MDM solutions segment is expected to hold a larger market size during the forecast period

Among the solutions and services segment, the MDM solutions segment is expected to hold a larger market size during the forecast period. The uptake of corporate-owned devices and advancements in business applications and technologies are expected to have driven the adoption of MDM solutions across businesses. However, the MDM solution providers have been developing and delivering a range of solutions, such as device management, application management, security management, and email management, in the MDM suite, so that these solutions can match up to the business needs of enterprises.

Cloud deployment type is expected to witness a faster growth rate during the forecast period

Under the deployment types, the cloud deployment type is expected to hold the larger market size. It is also expected to grow at a higher CAGR during the forecast period. Most of the industry verticals, such as telecom, manufacturing and automotive, education, transportation, logistics, utilities, and retail, prefer cloud-based MDM solutions. In addition to this, the Small and Medium-sized Enterprises (SMEs) are also rapidly moving toward the cloud deployment type, due to budget constraints and the ease of accessibility of cloud-based MDM solutions.

Healthcare industry vertical is expected to grow at the highest CAGR during the forecast period

In the industry vertical segment, the healthcare industry vertical is expected to be one of the fastest growing in the MDM market. The increasing world population, changing lifestyle, and the increasing awareness of health-related issues are expected to have collectively contributed to the massive growth of the healthcare industry vertical. Furthermore, the wide use of mobile devices among patients, doctors, nurses, and other supporting staff has increased across the globe. This is expected to drive the adoption of MDM solutions in this industry vertical.

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North America is expected to hold the largest market size, whereas Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

Among regions, North America is expected to hold the largest market size in the MDM market during the forecast period, followed by the European region. The North American region has been receptive toward adopting MDM solutions within organizations to safeguard its content from piracy and data breaches, web and network threat security, cyber-attacks, and severe data losses. The US and Canada are expected to be the major contributing countries to this region; almost all major companies of the MDM market are located in these 2 countries.

In terms of the growth rate, the APAC region is expected to experience a strong growth in the coming years, as organizations in this region are looking forward to adopting enterprise mobility solutions for meeting their demands of a dynamic mobile workforce. Economic growth, young population, cloud-based solutions for SMEs, use of local brand tablets and smartphones for business purposes, and the growing Bring Your Own Device (BYOD) trend are expected to be some of the factors that are driving the overall MDM market in this region.

The key players in the MDM market include BlackBerry (Canada), IBM (US), Microsoft (US), MobileIron (US), VMware (US), Citrix Systems (US), ManageEngine (US), SAP (Germany), Sophos (UK), and SOTI (Canada). The key innovators include Mitsogo (US) and 42Gears Mobility Systems (India).

About MarketsandMarkets™

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

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

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

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Digital Intelligence Platform Market forecasted to obtain $13.96 Billion by 2022, at a CAGR of 19.8%

According to market research report "Digital Intelligence Platform Market by Component (Analytics, Data Management, and Engagement Optimization), Touchpoint (Company Website, Social Media), Organization Size, Vertical (BFSI, Retail & E-Commerce), and Region - Global Forecast to 2022", The digital intelligence platform market is projected to grow from USD 5.65 Billion in 2017 to USD 13.96 Billion by 2022, at a CAGR of 19.8% from 2017 to 2022.

The market is primarily driven by the adoption of digital intelligence platforms for competitive differentiation and increasing customer retention activity, rising focus on social media analytics and personalization, and need for optimizing digital experiences across all touchpoints.

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Based on component, the data management segment of the digital intelligence platform market is expected to grow at the highest CAGR during the forecast period.

Based on component, the digital intelligence platform market has been segmented into data management, analytics, and engagement optimization. The data management segment is expected to witness the highest growth during the forecast period, as data management tools are responsible for collecting, storing, standardizing, modeling, and managing digital data of customers in an enterprise.

Based on vertical, the retail & e-commerce segment of the digital intelligence platform market is expected to grow at the highest CAGR during the forecast period.

Based on vertical, the retail & e-commerce segment of the digital intelligence platform market is projected to grow at the highest rate in the coming years. Retailers are using new technologies such as the voice of the customer, behavioral targeting, and others to identify the holistic behavior of customers.

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North America is estimated to lead the digital intelligence platform market in 2017.

North America is estimated to lead the digital intelligence platform market in 2017. The region is an early adopter of digital technologies and has advanced infrastructure capabilities, which have led to the adoption of digital intelligence platforms. Furthermore, companies have implemented these platforms to improve their business processes, understand the customer behavior, and sustain their position in the market.

The report encompasses competitive landscape, which presents the positioning of 11 key vendors of digital intelligence platforms based on their product offerings and business strategies. Some of the major digital intelligence platform vendors include Adobe Systems (US), IBM (US), SAS Institute (US), Evergage (US), Google (US), Mixpanel (US), Optimizely (US), Webtrekk (Germany), New Relic (US), Localytics (US), and Cxense (Norway).

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:
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MarketsandMarkets™ INC.
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At a CAGR of 18% 5G Services Market is expected to grow from $53.93 billion in 2020 to $123.27 billion by 2025

According to new market research report on "5G Services Market by Vertical (Smart Cities, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare, and Broadband Services), Application (eMBB, MMTC and URLLC, and FWA), and Region - Global Forecast to 2025", The 5G services market is expected to grow from USD 53.93 billion in 2020 to USD 123.27 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18% during the forecast period.

The rising demand for reliable and ultra-low latency connectivity services and growing trends in machine to machine communication are expected factors to have enabled the 5G services market to witness tremendous adoption.

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The connected vehicles vertical grow at the fastest growth rate during the forecast period

The connected vehicles vertical is expected to grow at the highest CAGR during the forecast period, owing to the advent of autonomous vehicles. Autonomous vehicles are still in the Research and Development (R&D) phase; however, they would be available for use in the near future. The telecom and automotive players formed a 5G Automotive Association to develop, test, and promote communication solutions. The objective of the 5G Automotive Association is to implement 5G connectivity for the next generation connected cars.

The Fixed Wireless Access (FWA) segment to grow at the highest CAGR during the forecast period

The FWA segment is expected to grow at the highest CAGR during the forecast period. Owing to its remote area coverage and high-speed latent free service offerings, followed by reduced last mile connectivity expenditure, the application would be deployed by a large number of commercial as well as consumer users.

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North America to have the largest market share duringthe forecast period

North America is expected to hold the largest market share in the 5G services market. Telcos in the US have announced to roll-out 5G services much earlier as compared to that of other countries in a large number of states. Due to the rising adoption of new technologies, such as IoT and smart cities, and increasing need for high-speed internet connectivity, telecom service providers have started trials and tests for 5G services.

The key players in the 5G services market include AT&T (US), Airtel (India), BT Group (UK), China Mobile (China), China Telecom (China),Deutsche Telecom (Germany), du (UAE), Korea Telecom (Korea), Sprint (US), Saudi Telecom Company (Saudi Arabia), SK Telecom (South Korea), Telstra (Australia), Vodafone (UK), and Verizon (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:
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MarketsandMarkets™ INC.
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