Geospatial Analytics Market: 2023 Global Industry Trends, Growth, Share, Size to 2030

The global Geospatial Analytics Market size is estimated to grow from USD 78.5 billion in 2023 to USD 141.9 billion by 2028, at a CAGR of 12.6% during the forecast period, according to a new report by MarketsandMarkets™. 

Geographic Information System (GIS) is a powerful tool in geospatial analytics that integrates spatial data with attribute data to analyze, visualize, and manage geographic information. GIS allows users to capture, store, manipulate, analyze, and present geographically referenced data, providing insights into spatial patterns and relationships. It enables mapping, spatial querying, and spatial analysis, aiding decision-making processes in various fields such as urban planning, transportation, environmental management, and public health.

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Healthcare & Lifesciences to account for higher CAGR during the forecast period

The Geospatial analytics market for healthcare is categorized into various applications, such as disease mapping, health resource allocation, emergency response planning, medical & public safety and others (patient tracking, healthcare facility location planning, and medical asset management). Geospatial analytics has revolutionized the healthcare and life sciences vertical, offering a multitude of applications. It aids in disease surveillance and outbreak management by analyzing geospatial data to identify disease hotspots, assess population vulnerability, and allocate resources effectively. Geospatial analytics also plays a vital role in healthcare planning and resource allocation by analyzing population density, healthcare facility locations, and accessibility. It helps in optimizing healthcare service delivery, improving patient outcomes, and ensuring equitable access to healthcare services. Furthermore, geospatial analytics facilitates environmental health studies, epidemiological research, and the identification of environmental factors impacting public health.

Services Segment to account for higher CAGR during the forecast period

The market for Geospatial analytics is bifurcated based on offering into solution and services. The CAGR of services is estimated to be highest during the forecast period. Geospatial analytics is transforming the service segment by enabling businesses to provide personalized and location-specific services, optimizing field service management through efficient routing and scheduling, optimizing supply chain and logistics operations for cost savings and improved efficiency, streamlining facility management through spatial insights, and enabling targeted marketing and advertising campaigns based on geospatial data. With its ability to leverage spatial data for informed decision-making, geospatial analytics is driving operational efficiency, enhancing customer experiences, and fueling business growth in the service segment.

Asia Pacific to exhibit the highest CAGR during the forecast period

The CAGR of Asia Pacific is estimated to be highest during the forecast period. Geospatial analytics is rapidly growing in Asia Pacific, which includes China, India, Japan, Thailand, Myanmar, Vietnam and ANZ (Australia and New Zealand). Geospatial analytics is having a transformative impact on the Asia-Pacific (APAC) region by driving advancements in urban planning and infrastructure development, optimizing agriculture practices for food security, enhancing disaster management and climate resilience efforts, improving healthcare planning and disease surveillance capabilities, and promoting sustainable environmental conservation and natural resource management. By utilizing geospatial data and analysis, APAC countries are leveraging technology to address complex challenges, make informed decisions, and drive sustainable growth and development across diverse sectors.

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Market Players

Major vendors in the global Geospatial analytics market are Esri (US), Precisely (US), Caliper Corporation (US), Blue Marble Geographic (US), Google (US), Alteryx (US), Blue Sky Analytics (Netherlands), HexagonAB (Switzerland), TomTom (Netherlands), Trimble (US), Maxar Technologies (US), RMSI (India), Maplarge (US), General Electric (US), Bentley Systems (US), Fugro (Netherlands), Orbital Insights (US), Mapidea (Portugal), Geospin (Germany), Sparkgeo (Canada), Orbica (New Zealand), Descartes Lab (US), Skymap Global (Singapore), ReMOT Technologies (US), CARTO (US), Pasco Corporation (Japan), Geoviet Consulting (Vietnam), Mandalay Technology (Myanmar), GIS Co. Ltd. (Thailand), Suntac Technologies (Myanmar), Geomatic Consulting International (Vietnam), AAM, A Woolpert Company (Australia), Mappointasia (Thailand), Vegastar Technology (Vietnam), and HERE Technologies (Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
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MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Telecom API Market Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2030

The global Telecom API Market size is projected to grow from USD 320.9 billion in 2023 to USD 664.9 billion by 2028, at a CAGR of 15.7% during the forecast period, according to a new report by MarketsandMarkets™. Telecom operators are increasingly focusing on providing value-added services to their customers. Telecom APIs play a crucial role in enabling the development and integration of these services, such as mobile payments, messaging services, and location-based services and has led to significant market growth.

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Telecom API Market Dynamics:

Drivers:

1. Increasing demand for mobile data and the rise of digital communication.
2. Proliferation of digital communication channels

Restraints:

1. Compatibility issues with existing legacy systems are obstructing the seamless integration of APIs.
2. Legacy systems lack the flexibility, standards compliance

Opportunities:

1. Development of marketplaces for buying and selling APIs is fostering innovation.
2. The concept enables a more collaborative and open environment.

List of Key Players in Telecom API Market:

• Twilio (US)
• AT&T (US)
• Vodafone Group (UK)
• Google (US)
• Telefonica (Spain)
• Verizon (US)
• Ericsson (Sweden)
• Deutsche Telekom (Germany)
• Orange SA (France)
• Cisco (US)
• Nokia (Finland)

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Based on user, the  enterprise developer segment holds the largest market size during the forecast period

In the dynamic landscape of the telecom API market, enterprise developers emerge as integral architects of innovation and efficiency. Tasked with designing, constructing, and maintaining software applications within the organizational realm, these professionals wield the power of telecom APIs to seamlessly integrate telecommunication services into their creations. Through their adept application development skills, enterprise developers craft solutions that harness the capabilities of telecom APIs, whether it be for unified communications, mobile applications, or IoT platforms.

Based on user, the partner developer segment is expected to grow with the highest CAGR during the forecast period

Partner developers have emerged as pivotal collaborators for telecom service providers in the telecom API market. These external entities or individuals actively engage in leveraging the provider's APIs to integrate, innovate, and enhance the functionalities of applications and services. Through strategic partnerships, developers seamlessly integrate telecom APIs into their applications, spanning services such as SMS, voice calling, and location-based features.

Asia Pacific is expected to expected to grow with the highest CAGR during the forecast period

The telecom API market in Asia Pacific is highly competitive, as China, India and Japan have a strong focus on Research and Development (R&D) and innovation. The Asia Pacific digital economy is expanding and experiencing growing regional demand. The telecom API market in the Asia Pacific region is dynamically influenced by several key factors. With a high penetration of mobile devices and smartphones, the demand for telecom APIs has surged, enabling mobile network operators to enhance service functionality and user experiences. The ongoing digital transformation initiatives across countries in the region further contribute to the adoption of cloud services, IoT, and other technologies reliant on telecom APIs. The growth of e-commerce and FinTech sectors has driven the need for secure communication channels, spurring the use of APIs for authentication, messaging, and payment processing. Government-backed initiatives promoting digital transformation, smart cities, and eGovernance are also leveraging telecom APIs for connectivity and data exchange. Overall, the Asia Pacific telecom API market is expected to continue to grow rapidly in the coming years, as organizations in the region increasingly realize the benefits of these technologies.

Market Players

The telecom API market comprises major providers, such as Twilio (US), AT&T (US), Vodafone Group (UK), Google (US), Telefonica (Spain), Verizon (US), Ericsson (Sweden), Deutsche Telekom (Germany), Orange SA (France), Cisco (US), Nokia (Finland), Huawei (China), Bharti Airtel (India), Mavenir (US), Boku (US), RapidAPI (US), LocationSmart (US), SMSLOTS (Turkey), Xeebi (US), Plivo (US), Tenios (Germany), EnableX (Singapore), MessageBird (Netherlands), Telnyx (US). To increase their market share in the telecom API industry, these competitors have used a variety of growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Managed Detection and Response Market 2023 - Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends, Regional Outlook 2030

The global MDR Market size is projected to grow from USD 3.3 billion in 2023 to USD 9.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 23.3% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the MDR market is driven by factors such as increasing cyber threats like business email compromise, ransomware, and crypto-jacking, the shortage of cybersecurity skills and overwhelming alert volumes, government regulations and compliance requirements, and the proliferation of IoT devices which fuel the demand for MDR to address the associated security risks.

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MDR Market Dynamics:

Drivers:

1. Growing incidents of business email compromise, ransomware, and crypto-jacking threats.
2. Addressing gap in cybersecurity skills and overwhelming alert volumes
3. Government regulations and need for compliance to drive adoption of MDR services
4. Technological proliferation and increasing penetration of IoT

Restraints:

1. Lack of trust in third-party applications.
2. Cost of MDR services to be inhibitor for organizations
3. False positives to hinder effectiveness of MDR services

Opportunities:

1. Introduction of ML/AI-powered MDR services.
2. Increasing adoption of MDR across SMEs
3. The benefits of scalability for MDR services

List of Key Players in MDR Market:

• CrowdStrike (US)
• Rapid7 (US)
• Red Canary (US)
• Arctic Wolf (US)
• Kudelski Security (Switzerland)
• SentinelOne (US)
• Proficio (US)
• Expel (US)
• Secureworks (US)
• Alert Logic (US)
• Trustwave (US)
• Mandiant (US)

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Based on the deployment type, the cloud segment is to grow at the highest CAGR during the forecasted period

The MDR market is divided into on-premises and cloud deployment modes. Amongst them, the cloud deployment mode has the highest CAGR due to its scalability, cost-effectiveness, rapid deployment, remote monitoring capabilities, advanced analytics, and integration opportunities. Additionally, it allows organizations to easily adjust resources, reduce upfront investments, quickly implement services, monitor incidents remotely, leverage advanced technologies, and integrate with other security tools, driving its growth in the market. Thus, the cloud deployment mode accounts for the highest CAGR during the forecasted period.

By organization size, SMEs to hold a larger market size during the forecast period

The organization size in the MDR market is segmented into large enterprises and SMEs. Amongst them, SMEs contribute to a larger market size due to increasing cyber threats targeting them, they have limited internal resources for cybersecurity, and they are increasingly subjected to compliance regulations and standards. Also, MDR services offer a cost-effective approach for SMEs compared to building and maintaining an in-house security operations center, focusing on core competencies, and scalability to accommodate business growth. Additionally, MDR provides SMEs with access to expert security services, advanced tools, and compliance support, allowing them to enhance their cybersecurity posture effectively. Thus, the SMEs segment holds a larger market size during the forecast period.

By region, Asia Pacific is to grow at the highest CAGR during the forecast period

The Asia Pacific region accounts for growth in MDR due to factors such as stringent regulatory compliance, strong cybersecurity preparedness, collaborative initiatives by market players, increasing cyber threats, and economic and technological advancements. These factors drive the adoption of MDR services in the region to protect business and customer data and enhance overall cybersecurity. As a result, the Asia Pacific region is anticipated to grow at the highest CAGR during the forecasted period.

CrowdStrike (US), Rapid7 (US), Red Canary (US), Arctic Wolf (US), Kudelski Security (Switzerland), SentinelOne (US), Proficio (US), Expel (US), Secureworks (US), Alert Logic (US), Trustwave (US), Mandiant (US), Binary Defense (US), Sophos (UK), eSentire (Canada), Deepwatch (US), Netsurion (US), GoSecure (US), LMNTRIX (US), UnderDefense (US), Ackcent (Spain), Cybereason (US), Critical Start (US), Cysiv (US), and Critical Insight (US) are the key players and other players in the MDR market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

AI Market Size, Share, Growth | Industry Development and Forecast 2023-2030

The global Artificial Intelligence Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 36.8% during the forecast period, to reach USD 1,345.2 billion by 2030 from USD  150.2 billion in 2023, according to a new report by MarketsandMarkets™. The adoption of artificial intelligence (AI) technology has been remarkable since its introduction, leading to significant growth in the global market. This growth attributed to the increasing demand for artificial intelligence technologies across diverse industry verticals.

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Artificial Intelligence Market Dynamics:

Drivers:

1. Growth in adoption of autonomous artificial intelligence.
2. Rise in technological advancements and innovations
3. Advancements in deep learning and growth of data-based artificial intelligence

Restraints:

1. Shortage of skilled artificial intelligence professionals.
2. Issues related to data availability and quality

Opportunities:

1. Rapid growth in digital data from various sources.
2. Rise in investment in research & development by businesses and governments

List of Key Players in Artificial Intelligence Market:

• Google (US)
• Microsoft (US)
• IBM (US)
• Oracle (US)
• AWS (US)
• Intel (US)
• Salesforce (US)
• SAP (Germany)
• Cisco (US)
• Meta (US)
• HPE (US)
• Siemens (Germany)
• Huawei (China)
• NVIDIA (US)
• Baidu (China)

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This growth attributed to the increasing demand for artificial intelligence technologies across diverse industry verticals. Organizations are recognizing the transformative potential of artificial intelligence in improving operational efficiency, enhancing customer experiences, and driving innovation. Artificial Intelligence technology such as machine learning, natural language processing, computer vision, and others are revolutionizing various sectors, including healthcare, finance, manufacturing, and retail. The advancements in AI algorithms, computing power, and data availability are further fueling the growth of the AI market, as businesses seek to leverage the potential of AI to gain a competitive edge in the digital era.

As per verticals, the healthcare & life sciences segment to grow at highest CAGR during the forecast period

The artificial intelligence market is segmented on verticals into retail & eCommerce, BFSI, Government & Defense, Healthcare & Life Sciences, Telecom, Energy & Utilities, Manufacturing, Agriculture, IT/ITeS, Media & Entertainment, Automotive, Transportation and Logistics and other verticals (Construction, education, and travel and hospitality). As per verticals, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. This industry is experiencing significant growth and is poised to contribute significantly to the global artificial intelligence market. Artificial intelligence applications in healthcare & life sciences includes patient data and risk analysis, medical imaging and diagnostics, precision medicine, drug discovery, and much more. The use of electronic medical records has led to the expansion of patient data, while the risk analysis market benefits from artificial intelligence systems' risk management and predictive analytics capabilities for payers and healthcare providers. These advancements in artificial intelligence technology are driving innovation and transformation within the healthcare sector.

By business function marketing and sales accounts to hold the largest market size during the forecast period

As per business function, marketing and sales segment to hold the largest market size for the artificial intelligence market during the forecast period. With the aid of AI-powered algorithms, businesses personalize their marketing campaigns, target the right audience, and deliver relevant content at the optimal time. Artificial intelligence also enhances sales processes by providing predictive analytics, lead scoring, and automated customer support through chatbots. Furthermore, artificial intelligence enables advanced data analytics and segmentation, optimizing sales funnels and improving conversion rates. The adoption of artificial intelligence in marketing and sales is reshaping how businesses engage with customers, optimize their strategies, and drive revenue growth.

As per region, Asia Pacific is anticipated to growth at the highest CAGR during the forecasted period

As per region, Asia Pacific is anticipated to grow at the highest CAGR during the forecasted period. The adoption of artificial intelligence (AI) in the Asia Pacific region is experiencing significant growth. With advancements in technology, increased digitalization, and a focus on innovation, businesses and governments in Asia Pacific are embracing artificial intelligence solutions across various sectors. Additionally, the availability of skilled talent and robust infrastructure further fuels the growth of artificial intelligence across the region. As a result, Asia Pacific is emerging as a hub for AI innovation and implementation.

Some of the major artificial intelligence market vendors are Google (US), Microsoft (US), IBM (US), Oracle (US), AWS (US), Intel (US), Salesforce (US), SAP (Germany), Cisco (US), Meta (US), HPE (US), Siemens (Germany), Huawei (China), NVIDIA (US), Baidu (China), SAS Institute (US), OpenAI (US), H2O.ai (US), iFLYTEK (China), Alibaba Cloud (China), General Vision (US), Darktrace (UK), Blackberry Limited (Canada), DiDi Global (China), Face++ (China), Inbenta (US), Anju Software (US), Butterfly Network (US), Atomwise (US), AIBrain (US), SK Hynix (South Korea), Progress (US), PrecisionHawk (US), AgEagle Aerial System (US), Neurala (US), Twitter (US), Aurea Software (US), Persado (US), 8x8 (US), Appier (Taiwan), GumGum (US), IPRO (US), Graphcore (UK), Preferred Networks (Japan), Applied Brain Research (Canada), Pilot AI (US), Iris Automation (US), Gamaya (Switzerland), ec2ce (Spain), Descartes Labs (US), Mythic (US), Ada (Canada), Mostly AI (Austria), Sentient.io (Singapore), Lumen5 (Canada), AI Superior (Germany), Fosfor (India), Intrinsic (US), Jasper (US), Soundful (US), Writesonic (US), One AI (Israel).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

Insurance Platform Market: Rising Demand, Future Scope, Market Status, and Forecasts, 2023-2030

Insurance Platform Market is set to experience rapid growth, projected to surge from USD 81.7 billion in 2023 to USD 156.0 billion by 2028, at a CAGR of 13.8% during the forecast period of 2023–2028. This remarkable expansion is driven by a confluence of factors. First and foremost, the insurance industry's relentless pursuit of digitization and automation is reshaping the insurance landscape, reducing operational costs, and enhancing customer experiences.

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Moreover, the increasing demand for personalized insurance solutions, powered by advanced data analytics and AI, is pushing insurers to invest heavily in platform-based technologies. Additionally, regulatory changes are accelerating the adoption of compliant platforms, while the rising popularity of insurtech startups and the need for seamless customer journeys are shaping the insuance platform market's future. In this dynamic landscape, insurance platforms are poised to revolutionize the industry, providing agility, efficiency, and innovation on an unprecedented scale.

By offering, consulting and advisory services segment to register for the largest market share during the forecast period

Insurance platform consulting and advisory services play a pivotal role in guiding insurers through the ever-evolving landscape of digital transformation. These services, driven by the need for insurers to adapt to changing customer expectations and industry dynamics, offer expert insights and strategies. Growth in this sector is fueled by the increasing demand for customized digital solutions, regulatory compliance, and the pursuit of operational excellence. Key trends include harnessing advanced technologies like AI and blockchain to enhance underwriting and claims processing, as well as a strong emphasis on data analytics to optimize customer experiences.

By insurance type, cybersecurity insurance segment is poised for the fastest growth rate during the forecast period

Cybersecurity insurance is a rapidly evolving segment within the insurance platform market, addressing the need for protection against digital threats. It's driven by the expansion of cyberattacks and data breaches across industries, compelling businesses to safeguard their operations. Moreover, trends like increased demand for ransomware and social engineering coverage, along with stricter regulatory requirements, are reshaping the cybersecurity insurance landscape. As companies recognize the urgency of safeguarding their digital assets, this insurance type is poised for substantial growth within the broader insurance platform market.

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By region, Asia Pacific to account for highest growth rate during forecast period

The Asia Pacific insurance platform market is witnessing remarkable growth, fueled by several key drivers and trends. Rapid urbanization and an expanding middle class are boosting insurance demand across the region. Moreover, the COVID-19 pandemic has accelerated the adoption of digital solutions, propelling insurers to invest in advanced insurance platforms for improved customer service and streamlined operations. Data analytics and artificial intelligence are being harnessed to enhance underwriting precision and detect fraudulent claims. Regulatory changes, particularly in markets like China and India, are promoting innovation and opening up opportunities for insurtech firms. As customer expectations evolve, insurers are embracing customer-centric approaches, providing personalized experiences through digital channels.

Some major players in the insurance platform market include Microsoft (US), Adobe (US), Salesforce (US), IBM (US), Oracle (US), SAP (Germany), Pegasystems (US), Accenture (Ireland), DXC Technology (US), and Cognizant (US).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Green Technology Market Classification, Application, Industry Chain Overview, and Competitive Landscape To 2030

Green Technology and Sustainability Market is expected to grow from USD 17.8 billion in 2022 to USD 60.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 27.8% during the forecast period. Modernizing IT and telecom infrastructure for low carbon emissions will provide huge opportunities in the market. Moreover, the growing use of RFID sensors across industries and increasing consumer and industrial interest in using clean energy resources to conserve the environment are driving the adoption of green technology and sustainability solutions and services in the market.

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Solution segment is estimated to have the largest market size during the forecast period

The component segment comprises solutions and services. The solution segment is estimated to account for a larger market size during the forecast period. The emerging technologies facilitate new pathways toward green technology and sustainable development, which also has taken into consideration their social, economic, and environmental dimensions. Hence, the rise in the understanding of technology causing environmental hazards is a major factor that drives the adoption of green technology and sustainability solution among verticals across the globe, which, in turn, drives the green technology and sustainability market growth.

Cloud computing segment is estimated to have the largest market size during the forecast period

The green technology and sustainability market by technology has been segmented into IoT, AI and analytics, digital twin, cloud computing, security, and blockchain. Cloud computing can be used to gather data from tools, such as soil sensors, satellite images, and weather stations, to help farmers make better decisions related to managing their crops. The clouds analytic capabilities also aid farmers in understanding their production environment. Agricultural companies are harnessing the power of the cloud to create solutions.

Green building segment is expected to account for the largest market size during the forecast period.

Green building refers to the practice of creating structures and deploying processes that are environmentally responsible and resource-efficient throughout a buildings life cycle from siting to design, construction, operation, maintenance, renovation, and deconstruction. The practice complements the classical building design with aspects of economy, utility, durability, and comfort. The major considerations include energy and water efficiency, resource efficiency, indoor environmental quality, and the building’s overall impact on the environment. IoT can enable the use of prefabricated building components in the construction of smart buildings and ensure a faster and more cost-effective way than traditional building methods. These buildings with prefabricated components could lead to less construction waste. On the other hand, blockchain can help streamline the supply chain and design documentation needed to build prefabricated offices and homes.

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Asia Pacific to grow at highest CAGR during the forecast period

The green technology and sustainability market has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Asia Pacific is expected to be a favorable investment market and has the highest CAGR during the forecast period. This growth can be attributed to the focus of developing countries, such as China, India, and Singapore, on integrating advanced clean technologies to enhance business processes and promote sustainable development. The rapid expansion of domestic enterprises and the need to automate mundane processes are some of the crucial factors affecting the growth of the green technology and sustainability market. Companies operating in Asia Pacific would benefit from adaptable economic conditions, industrialization- and globalization-motivated policies of governments, as well as from the growing digitalization, which is expected to have an enormous impact on the business community. Other countries in the region, such as Japan, South Korea, Australia, and Malaysia, are also exploring ways to integrate solutions and services of green technology.

Key players in the green technology and sustainability market include GE (US), IBM (US), Enablon (France), Salesforce (US), Microsoft (US), Schneider Electric (France), Engie Impact (US), Intelex (Canada), Enviance (US), Sensus (US), LO3 Energy (US), Isometrix (South Africa), ConsenSys (US), CropX (Israel), Hortau (US), IOT Solutions and Consulting (Europe), Pycno (UK), MineSense Technologies (Canada), WINT (US), Envirosoft(Canada), ProcessMAP(US) Accuvio (Ireland), Taranis (Israel), Trace Genomics (US), OIZOM (India), SMAP Energy (UK), Treevia (Latin America), Ecotrack(US), EcoCart(US) and AquiPor Technologies (US). These companies are continuously innovating to enhance their green technology and sustainability capabilities for better efficiency and reliability, thereby paving the way for the global green technology and sustainability market to emerge as a mainstream technology.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC.

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Cloud Security Market | Industry Growth, Upcoming Trends and Forecast Upto 2030

The global Cloud Security Market size is projected to grow from USD 40.7 billion in 2023 to USD 62.9 billion by 2028 at a CAGR of 9.1% during the forecast period. The cloud security market experienced substantial growth due to the rising adoption of multi-cloud environments, the expansion of DevSecOps practices, increased utilization of AI and ML for cloud security, and the growing trend of BYOD and CYOD, which led to an increased demand for cloud security solutions.

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By vertical segment, the retail & eCommerce vertical will grow at the highest CAGR during the forecasted period.

The retail and eCommerce industry is experiencing the highest CAGR in the cloud security market due to the increased adoption of cloud technologies for digital transformation. Data protection has become a priority, with more sensitive customer data and financial transactions being processed in the cloud. Retailers also face a higher risk of cyberattacks and data breaches, leading to the demand for advanced cloud security solutions. The COVID-19 pandemic has further accelerated the shift towards online shopping, boosting the adoption of cloud technologies in this sector. To tap into this growth opportunity, cloud security providers are customizing their solutions to meet the specific needs of retail and eCommerce, ensuring seamless integration and compliance with industry regulations. Thus, the retail and eCommerce segment is projected to have the highest CAGR during the forecast period.

By Type, Visibility and Risk Assessment holds the largest market size during the forecast period.

By type, Visibility and Risk Assessment hold the largest market size in the cloud security market due to their critical role in enhancing overall cloud security. As cloud environments grow in complexity and scale, organizations face challenges in effectively identifying and managing potential security risks. Visibility solutions provide real-time insights into cloud assets, configurations, and activities, enabling businesses to monitor and detect any suspicious behavior or vulnerabilities proactively. On the other hand, risk assessment tools help organizations assess the security posture of their cloud infrastructure, applications, and data. By conducting thorough risk assessments, businesses can prioritize security measures, allocate resources efficiently, and proactively address potential threats. These capabilities are essential as they empower organizations to stay ahead of evolving cyber threats and maintain a robust security posture in their cloud deployments. The need for comprehensive visibility and risk assessment solutions has grown exponentially as businesses recognize their critical role in safeguarding sensitive data and maintaining compliance with industry regulations.

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Market Players:

IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), Cisco (US), Imperva (US), Trellix (US), Rapid7 (US), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), DataTheorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Caveonix (US), Banyan cloud (US), and AccuKnox (US) are the key players and other players in the cloud security market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com