Tuesday, May 31, 2022

Digital Audio Workstation Market Size, Share, Revenue, Business Growth, Demand and Applications to 2023

According to a research report "Digital Audio Workstation Market by Type (Recording, Editing, Mixing), End User (Professional/Audio Engineers and Mixers, Electronic Musicians, Music Studios), Component, Deployment Model, Operating Systems, and Region - Global Forecast to 2023" published by MarketsandMarkets, The digital audio workstation market size is expected to grow from USD 2.0 billion in 2018 to USD 3.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. The key factors driving the digital audio workstation market include the growing focus on digitization of instruments and increasing adoption of cloud-based digital audio workstations in the music industry to enhance the music production process.

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The services segment of the market is anticipated to grow at a higher CAGR as compared to software segment during the forecast period.

Implementation and consulting services subsegment is estimated to grow at a higher as compared to the managed services subsegment during the forecast period. This growth is expected to be driven by the increased demand for digital audio workstations across the media & entertainment and education industries. Services are an essential part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better return on investment (RoI).

The professionals/audio engineers and mixers segment is expected to account for the largest market size during the forecast period.

The digital audio workstation market has been segmented based on type into editing, mixing, and recording. Audio engineers set up and test sound equipment before events, broadcasts, and recordings. Digital audio workstations help sound engineers produce music by balancing and adjusting sound sources using equalization and audio effects mixing, reproducing, and strengthening  the sounds. Sound engineers are professionals who use digital audio workstations to record, edit, mix, and master music to improve sound quality and add sound effects to recordings. These workstations enable sound engineers to work with video editors and synchronize video with audio tracks.

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APAC market is expected to grow at the highest CAGR during the forecast period.

The digital audio workstation market in Asia Pacific has gained momentum and is expected to grow at the highest rate in this region during the forecast period. Although digital audio workstations have witnessed increased adoption over the past couple of years in the region, various companies in the region are yet to take advantage of the increasing adoption. However, increasing awareness about the real-time audio and video processing, supplemented with competently designed digital audio workstation solutions offered by vendors present in this region, has led Asia Pacific to emerge as a high-potential market. Countries, including China, Japan, India, Singapore, and South Korea, have huge potential for vendors to enhance their market share. The high rate of internet usage and increased adoption of smartphones in the region facilitates companies to adopt advanced solutions and forge strong connections with target audiences. In addition, this region is witnessing an increasing demand for cloud-based digital audio workstation solutions as a result of increasing internet penetration.

Major vendors offering digital audio workstations globally include Apple (US), Adobe (US), Avid (US), Ableton (Germany), Steinberg (Germany), MOTU (US), Acoustica (US), Presonus (US), Magix (Germany), Native Instruments (Germany), Cakewalk (US), Image-Line (Germany), Bitwig (Germany), Renoise (Germany), and Harrison Audio Consoles (US). The study includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™

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

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" 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

 

 

 


Content Services Platforms Market Driving Factors, Industry Growth, Key Vendors and Forecasts to 2027

According to a research report "Content Services Platforms Market with COVID-19 Impact Analysis by Component, Enterprise Size, Deployment Mode, Business Function (Accounting & Legal, Sales & Marketing, and Procurement & Supply Chain) Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global content services platform market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period, to reach USD  101.6 billion by 2027 from USD  48.9 billion in 2022. Growing demands for better customer experience, as well as rising utilization of SMAC technology solutions among the users, demand for delivering contextualized user experience, and a rise in digital content across enterprises, are among the major factors boosting the growth of the content services platform market.

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Driver: Growing adoption of SMAC technologies

Organizations have been adopting innovative technologies to streamline their business process, provide better customer satisfaction, and gain deeper insights. Recent years have seen an increase in the adoption of Social, Mobile, Analytics, and Cloud (SMAC) technologies by various organizations. They affect every facet of an organization and hence are expected to be the major driver in the content services platform market. Content services platform offers the ability to integrate various software solutions with other applications and platforms for enterprises to accomplish their objectives. Moreover, IT applications are undergoing digital transformation with SMAC technologies. Nowadays, social media platforms have become an unavoidable necessity. The social presence of an organization helps share information/content easily and communicate with customers to get real-time feedback. The mobile applications enhance customer engagement, as they help customers operate the applications from remote locations. Organizations can now manage the entire life cycle of content through their smartphones, which enable content managers to make business decisions in real-time. Advanced analytics helps enterprises extract meaningful and contextual insights to make smarter business decisions. Furthermore, the impact of cloud computing has led the software vendors to provide their solution or Platform-as-a-Service (PaaS) over the cloud due to features, such as portability, security, reliability, and scalability. Therefore, SMAC technologies provide the right platform for every enterprise.

Opportunity: Increasing adoption of end-to-end cross-platform solutions

Enterprises need solutions that fit their current systems, without interrupting with technologies already in place and working well. A truly comprehensive solution offers a suite of integration capabilities that enable enterprises to collaborate data to help staff make informed decisions. Nevertheless, the demand for single-source and cross-platform content services platform solutions is on the rise due to the advent of the digital wave and the ever-expanding market for eCommerce. An end-to-end ECM solution removes the hassles and delays present in delivering solutions to the end users. Evidently, the content services platform market has been expanding continuously with the growing popularity of content digitalization globally. Cross-platform integrations can ensure sharing and managing of content across different platforms and would be instrumental in streamlining the business operations. Content services platform offers big data integration, which is increasingly used for business intelligence, as most enterprises use big data analytics for business intelligence purposes, such as gaining real-time information and making business decisions. Major cloud content services platform vendors are trying to enter the lucrative market by providing end-to-end content management systems. Niche players might also look to expand their suites with larger vendors. These vendors depend on niche players to provide supporting applications for their traditional content management tools. Thus, there is an opportunity for both small and large vendors to expand their competencies.

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As per regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

As per regions, the Asia Pacific is estimated to hold the highest Compound Annual Growth Rate (CAGR) of 21.1% in the content services platform market. The high growth rate in the Asia Pacific can be attributed to the proliferation of innovative technologies, combined with the growing business needs, and increase in the number of organizations adopting content services platform solutions.

Some of the major content services platform market vendors are Microsoft (US), IBM (US), Open Text (Canada), Hyland (US), Box (US), Laserfiche (US), Adobe (US), Oracle (US), M-Files (US), SER Group (Germany), GRM Information Management (US), Intalio (France), Micro Focus (UK), Newgen (India), Kyochera (Japan), DocuWare (Germany), DocStar (US), Objective (Australia), and D.velop (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, "Knowledge Store" 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

 

 

 

Call Center AI Market Size Estimation, Industry Share, Business Analysis, Key Players, Growth Opportunities And Important Aspects By 2027

According to a research report "Call Center AI Market with Covid-19 Impact Analysis, By Component, Mode of Channel (Phone, Social Media, & Chat), Application (Workforce Optimization & Predictive Call Routing), Deployment Mode, Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the market for Call Center AI market is projected to grow from USD 1.6 billion in 2022 to USD 4.1 billion by 2027; it is expected to grow at a CAGR of 21.3% % during 2022–2027.

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Driver: Rising development in customer engagement through social media platforms

With advancements in AI technology in recent years, organizations are now leveraging AI in their customer service function, thereby shifting their focus from providing customer support services through email or messages to AI-powered chatbots that help enhance customer experience and engagement. For instance, AI technologies, such as chatbots and Intelligent Virtual Assistants (IVAs), can engage prospects with coupons or savings opportunities, enabling human sales reps to provide that all-important personal touch to close the deal. Likewise, AI can arm call center agents with robust historic data and insights about a customer, empowering agents to deliver meaningful cross-selling and up-selling opportunities. Organizations can also leverage AI-enabled chatbots and virtual agents to automate repetitive and manual processes, such as order placement, balance inquiries, general inquiries, technical assistance, and other customer services. Moreover, call center AI vendor enables enterprises to use AI to augment and improve their contact centers without the need for deep AI expertise.

Opportunity: Advancements in AI and ML-based technologies to facilitate real-time actionable customer insights

Organizations across the globe are dedicatedly investing in AI and ML technologies to improve user experience and stay competitive in the ever-changing market environment. AI-enabled solutions have witnessed wide-scale adoption across various applications, such as bots, predictive and prescriptive models, speech recognition, search engine optimization, Image Recognition, and text recognition. Furthermore, advanced AI and ML applications are used by call centers across various sectors, such as BFSI, IT & telecom, healthcare, and retail, to predict the outcomes and automatically take care of further processes. For instance, if a telecommunication customer service agent is unable to resolve queries regarding technical network issues, the chat AI can identify the problem as specific to a dedicated support channel and direct the customer toward it. Thus, AI for the customer service process brings comprehensive balance to the support system. While customers receive efficient solutions, agents fulfill their service commitments and relieve loaded support channels during rush hours.

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North America is expected to hold the largest share during the forecast period

North America is expected to hold the largest share of the call center AI market, owing to the early adoption of call center AI technologies by the region’s call centers. In North America, call center AI solutions and services are highly effective in most organizations and verticals due to the increasing need to provide businesses with a way to operationalize and get more value from data assets. The increased smartphone adoption and technological advancements in the call centers boost the adoption across North America.

Key Market Players

IBM (US), Microsoft (US), Oracle (US), AWS (US), SAP (Germany), Google (US), Avaya (US), NICE (Israel), Nuance Communications (US), Genesys (US), 8x8 (US), Artificial Solutions (Sweden), Zendesk (US), Five9 (US), RingCentral (US), Talkdesk (US), Dialpad (US), Twilio (US), Kore.ai (US), Inbenta (US), Creative Virtual (UK), Haptik (India), Rulai (US), Pypestream (US), Avaamo (US), Senseforth.ai (US), Observe.AI (US), Yellow.ai (US), Ultimate.ai (Germany), and Cognigy (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, "Knowledge Store" 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

 

 

 

Application Lifecycle Management Market Driving Factors, Industry Growth, Key Vendors and Forecasts to 2024

According to a research report "Application Lifecycle Management Market by Solution (Software and Services), Platform (Web-Based Applications and Mobile-Based Applications), Deployment mode (On-premise and Cloud), Organization Size, Industry and Region - Global Forecast to 2024" published by MarketsandMarkets, is projected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% from 2019 to 2024. Major growth factors for the market include an increase in the adoption rate of ALM tools to shorten the release time and time-to-market, and adoption of new methodologies, such as Agile and DevOps, to leverage customer experience.

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By solution, software segment to hold a larger market size in 2019

The ALM software enables teams of all sizes to deliver high-quality apps with greater speed and agility. The software continuously processes for application project and portfolio management, requirement gathering, estimation, planning and designing, development, test and quality assurance, deployment and DevOps, and application support and maintenance. The deployment of ALM software with the help of agile and DevOps technology improves communication and collaboration between teams.

By organization size, SMEs to grow at a higher CAGR during the forecast period

The implementation of ALM is expected to result in reduced costs and improved business efficiency for Small and Medium-sized Enterprises (SMEs). The SMEs segment is expected to be a faster-growing segment in the ALM market. Enhanced reliability, better scalability, user-friendly capabilities, easy integration, increased agility, and improved efficiency are the key factors that are expected to encourage SMEs to adopt ALM at a rapid pace. The segment has a huge potential to flourish in the ALM market in the coming years.

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

North America has always been an innovative and competitive ground for every technology. The region remains one of the fastest in the adoption of innovative technologies. Currently, the US holds the highest share in the ALM market, due to various factors, such as the presence of several enterprises with advanced IT infrastructure and the availability of technical expertise. Furthermore, the growth of the market in the US can be attributed to several initiatives taken by the government of the country to carry out industrial digitalization, as well as rapid technological innovations and increased use of connected devices taking place in the US. Presence of leading companies such as Microsoft, Broadcom, and IBM has fueled innovations in the ALM market, whereas startup companies, including Perforce, CollabNet, Inflectra, and Digité, have contributed to the growth of the market to a large extent. North America in the coming years is projected to continue its lead in the ALM market.

Market Players

Key market players profiled in this report include Atlassian(Australia), IBM(US), Microsoft(US), Micro Focus(UK), CollabNet(US), Broadcom(US), Digite(US), Inflectra(US), Intland(Germany), Perforce(US), and Siemens(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, "Knowledge Store" 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

 

 

 

Monday, May 30, 2022

Transportation Management System Market Trend, Global Industry Size, Price, Future Analysis, Regional Outlook to 2025

According to a research report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, is expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. The major factors driving the growth of the TMS industry include Technological advancements in the transportation and logistics industry and exponential growth in the eCommerce industry.

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The large enterprise segment to hold the largest market size during the forecast period

The adoption of TMS solutions and services is higher in large enterprises, and the trend is expected to continue during the forecast period. TMS systems offer a single centralized system, with features such as route optimization, carrier tracking, analytics, order management, and account settlement. Hence, large enterprises heavily invest in advanced technologies to increase their overall productivity and efficiency. The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage the market players to come up with newer technologies and innovative solutions.

Healthcare and Pharmaceutical to record the fastest growth rate during the forecast period

Healthcare enterprises are facing a huge demand due to pandemic. However, supply chain and logistics disruptions across the globe are making it difficult for enterprises to cater to this demand. Geographically dispersed locations, frequent delivery schedules, and coordination specifications, and logistics requirements are affecting internal capabilities and lowering operating margins. Hence, healthcare enterprises are turning to TMS solutions to tackle these challenges. Pharmaceutical goods are highly specialized, sensitive, life-impacting, and thus pharmaceutical transportation needs to be highly performant, secure, and controllable. Considering the nature of pharmaceutical goods, it needs safe handling, packaging, and transporting. It also involves customer-specific documentation and dangerous goods documents. Hence, traceability and visibility play an important role in the pharmaceutical supply chain. This also helps in preventing thefts, counterfeiting, contamination, or damage due to disruptions in the chain. TMS offers high visibility, route optimization, and tracking solutions that can tackle above challenges.

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APAC is projected to be the fastest-growing region during the forecast period

The TMS market in APAC is expected to grow at the highest growth rate during the forecast period. Intrinsic strength, progressive trade agreements among countries, and recovering global demand are driving the TMS market in this region. This growth is evident with the acceptance of new cloud-based transportation solutions, services, and platforms by developing countries of this region. APAC is witnessing high growth due to the increasing global competition, the growing penetration of smart devices and connected machines, and the rising investments in smart cities. High economic growth in developing countries, such as India, China, and Vietnam, has resulted in an increase in the number of connected solutions that consist of sensors and RFID tags, resulting in a sudden outburst of vast amounts of data. This has made TMS a prominent feature in the growing transportation and logistics sector of this region.

Market Players

Some prominent players across all service types profiled in the TMS market study include Oracle (US), SAP (US), Manhattan Associates (US), C.H. Robinson (US), Trimble (US),  Blujay Solutions (US), MercuryGate International (US), Blue Yonder (US), Transplace (US), Descartes Systems Group (Canada), E2open (US), Alpega Group (Belgium), 3Gtms (US), 3T Logistics & Technology Group (UK), Globaltranz (US), InMotion Global (US), vTradEx (China), MP Objects (US), Logistically (US), One Network Enterprises (US), Elemica (US), Tailwind Transportation Software (Canada), IntelliTrans (US), Allotrac (Australia), Revenova (US), Fretron (India), Ratelinx (US), Tracx Systems (Canada), WiseTech Global (Australia), Princeton TMX (US), CTSI Global (US),Generix Group (France), Unifaun (Sweden), Supplystack (Belgium), Efreightsolutions (US), Ultraship TMS (US)  and Infor (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, "Knowledge Store" 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

 

Security Orchestration Automation and Response Market By 2024, Global Key Players, Trends, Share, Industry Size, Segmentation, Forecast & Opportunities

According to a research report "Security Orchestration Automation and Response (SOAR) Market by Solutions, Services (Professional Services, Managed Services), Application, Deployment Mode (On-premises, Cloud), Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the SOAR market size is projected to grow from USD 868 million in 2019 to USD 1,791 million by 2024, at a CAGR of 15.6% from 2019 to 2024. The major drivers for the market include the rising need for compliance and enable a centralized view on threats.

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Based on organization size, the large enterprises segment is estimated to lead the market in 2019.

Large enterprises are defined as business entities with over 1,000 employees. Cyber attackers steal large sums of money from large enterprises and often these attacks happen over long periods of time. In 2017, the NotPetya cyberattack spread from Ukraine and severely affected the Danish company, A.P. Møller-Mærsk, the world’s largest container shipping company, causing a loss of USD 200-300 million. Similar losses were faced by Merck & Co., one of the largest pharmaceutical companies in the world. It was estimated that NotPetya suffered damages of over USD 10 billion. As large enterprises are often spread across many countries, and across many units, they require a central approach to visualize all threats and avoid errors that might occur through manual intervention. SOAR solutions provide the required solutions which can orchestrate all the processes and solutions and offers a combined effort by man and machine to remediate threats.

Based on vertical, the healthcare sector is projected to grow at the highest CAGR during the forecast period

The healthcare vertical covers information on personal health and critical data of patients. Data security is, therefore, of utmost importance to healthcare organizations. These organizations face several security challenges while maintaining the privacy of Electronic Health Records (EHR) and other related information. Moreover, due to highly proliferated digital medical devices, network management has become essential to save devices from malicious attacks. Additionally, with the adoption of technologies, such as BYOD and centralized information on patients, the healthcare vertical has become susceptible to advanced cyberattacks. Security orchestration solutions protect healthcare applications and data against vulnerabilities. Increased government regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) compliance, have also resulted in the rapid adoption of SOAR solutions in the healthcare sector. The regulatory standards help in securing sensitive data, protecting identities by providing digital signatures, securing network gateways, and encrypting databases.

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North America is projected to lead the market during the forecast period

The North American region has sustainable and well-established economies, which empower these to invest significantly in R&D activities, thereby contributing to the development of new technologies in SOAR. The presence of a majority of key players is expected to be the major factor driving the growth of the market in this region. Key players, such as IBM Corporation (US), FireEye (US), Cisco Systems Inc. (US), Rapid7 (US), Splunk Inc. (US), Swimlane LLC (US), and Tufin (US), along with several start-ups in the region are offering SOAR solutions & services to cater the needs of customers.

Market Players

The major vendors covered in the SOAR market include IBM Corporation (US), FireEye (US), Cisco Systems Inc. (US), Rapid7 (US), Splunk Inc. (US), Swimlane LLC (US), Tufin (US), ThreatConnect (US), Demisto (Palo Alto Networks) (US), DFLabs (Italy), LogRhythm (US), Siemplify (US), Resolve Systems (US), CyberSponse (US), and Exabeam (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, "Knowledge Store" 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 Intelligence Market To Reflect Impressive Growth Rate Worth USD 3.4 billion By 2024: MarketsandMarkets™

According to a research report "Sales Intelligence Market by Component (Software and Services), Application (Lead Management, Data Management, Analytics and Reporting, and Others), Organization Size, Deployment Model, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, is expected to grow from USD 2.0 billion in 2019 to USD 3.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The key factors driving the sales intelligence market include the imminent need for advanced software to improve customer targeting and connect rates and growing demand for data enrichment software to improve sales conversions.

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Large enterprises segment to hold the largest market size during the forecast period

Increasing competition and the rising rate of data decay, compel large enterprises to implement sales intelligence software for preventing data inaccuracies with data enrichment capabilities of the software as well as maintain an edge over their competitors. These data inaccuracies can not only decrease the connect rates of the companies but can also lead to bad brand image due to wrong targeting. Furthermore, rising technological proficiency among the large enterprises further adds to the high adoption of sales intelligence software during the forecast period.

Services segment to grow at a higher CAGR during the forecast period

The services segment is expected to grow at a higher CAGR during the forecast period due to the need of constant guidance throughout the planning and implementation process, training, and support among enterprises, during the product deployment life cycle. Services enable companies to choose the right set of software as well as helps them deploy software correctly and operate them without hassle.

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

Many companies in North America are adopting sales intelligence software to gain holistic visibility into their customers’ and prospects’ needs for improving their targeting strategies and sales productivity. North America is house to some of the major sales intelligence vendors, such as DiscoverOrg, Dun & Bradstreet, LinkedIn, Oracle, Demandbase, InsideView, Clearbit, HG Insights, ,LeadGenius, InfoGroup, Zoho and UpLead. These players have their headquarters, direct sales offices, and a large number of channel partners in the region to cater to North America, which has further added to the high adoption of sales intelligence software in this region.

The sales intelligence market comprises major providers, such as DiscoverOrg (US), Dun & Bradstreet (US), LinkedIn (US), Oracle (US), Demandbase (US), InsideView (US), Clearbit (US), HG Insights (US), LeadGenius (US), InfoGroup (US), UpLead (US), RelPro (US), DueDil (UK), EverString (US), RingLead (US), Gryphon Networks (US), List Partners (US), FullContact (US), Zoho (US), and Yesware (US). The study includes the in-depth competitive analysis of these key players in the sales intelligence market with their company profiles, recent developments, and key market strategies.

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