Wednesday, February 14, 2024

Managed Detection and Response Market Size, Overview, Manufacturers Profiles, Competition & Revenue By Countries (2023-2028)

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 TwitterLinkedIn 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

 

Monday, February 12, 2024

AI Industry Growth, Capacity, Production, Growth Rate, Revenue And Forecast (2023-2030)

AI Industry Growth 2030 Research Report Analysis and Outlook Insights | Latest Updated Report | is segmented into Offering (Hardware, Software), Technology (ML (Deep Learning (LLM, Transformers (GPT 1, 2, 3, 4)), NLP, Computer Vision), Business Function, Vertical, and Region. The report presents the research and analysis provided within the Artificial Intelligence (AI) Market Research is meant to benefit stakeholders, vendors, current trends, opportunities and other participants in the industry. It includes his CAGR status of the market and provides important information on how the market has progressed over time. The Artificial Intelligence (AI) Market report is an invaluable tool for businesses as it provides a comprehensive overview of market dynamics, SWOT analysis, and future strategies that will help your business succeed in the future.

Who is the largest Manufacturer of Artificial Intelligence (AI) Market worldwide?

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).

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The global AI 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. The adoption of artificial intelligence (AI) Market growth 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..

Artificial Intelligence (AI) Market Segmentation:

This Market is divided By Component, By Service, By Organization Size, By Deployment Mode, By Industry and By Region.

Future Market Analytics Focus Points:

  • SWOT Analysis
  • Key Market Trends
  • Key Data -Points Affecting Market Growth
  • Revenue and Forecast Analysis
  • Growth Opportunities for New Entrants and Emerging Players
  • Key Player and Artificial Intelligence (AI) Market Growth Matrix

What are the factors driving the growth of the Digital Transformation Consulting Market?

The report focuses on the Artificial Intelligence (AI) Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.

Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Artificial Intelligence (AI) Market.

Get a Sample Copy of Artificial Intelligence (AI) Market Report

Five Forces and Pestle analysis:

To better understand the market situation, a five-force analysis is conducted, including buyer bargaining power, supplier bargaining power, threat of new entrants, threat of substitutes, and threat of competition.

  • Politics(political policy and stability, trade, finance, tax system)
  • Economics(interest rates, employment or unemployment rates, commodity costs, exchange rates)
  • Social(family demographics, education level, changing cultural trends, changing attitudes, changing lifestyle)
  • technology(digital or mobile technology changes, automation, research and development)
  • Law(labour law, consumer law, health and safety, international and trade regulations and restrictions)
  • Environmental(climate, recycling processes, carbon footprint, waste management, sustainability)

Which regions are leading the Artificial Intelligence (AI) Market?

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Artificial Intelligence (AI) Market: Drivers and Restraints:

The report provides valuable information on the production costs, supply chain dynamics, and raw materials that are essential to the Artificial Intelligence (AI) Market. It also analyses the impact of COVID-19 on the industry and provides recommendations on how businesses can adapt to the changing market conditions. The report identifies key market restraints, such as economic constraints in emerging countries and business market obstacles. By understanding these risks and challenges, businesses can develop strategies to mitigate them and achieve long-term success in this exciting and dynamic industry.

Artificial Intelligence (AI) Market Report Highlights:

  • A comprehensive look at the Artificial Intelligence (AI) Industry
  • Changing Artificial Intelligence (AI) Market trends in the global industry
  • Historical and forecast size of the Artificial Intelligence (AI) Market in terms of Revenue (USD Million)
  • Detailed market segmentation analysis at a various level such as type, application, end-user, and regions
  • Current Artificial Intelligence (AI) industry growth and market trends
  • Key player analysis and Competitive Landscape analysis for the Artificial Intelligence (AI) Market
  • Key Product presents by Major Players and business strategies used
  • Key challenges encountered by operating players in the market space
  • Analysis of major opportunities and risk factors linked with the market operations

Some of the Key Questions Answered in this Report:

  • What trends, challenges and barriers will influence the development and sizing of the global market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the Artificial Intelligence (AI) Market growth momentum or market carriers during the forecast period?
  • What are the global trends in the Artificial Intelligence (AI) market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Artificial Intelligence (AI)? What are the upcoming industry applications and trends for Artificial Intelligence (AI) market?
  • What Are Projections of Global Artificial Intelligence (AI) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Artificial Intelligence (AI)? What are the raw materials used for Artificial Intelligence (AI)?
  • How big is the opportunity for the Artificial Intelligence (AI) market? How will the increasing adoption of Artificial Intelligence (AI) for mining impact the growth rate of the overall market?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the Artificial Intelligence (AI) market demand?

The report specifically highlights company profiles with regional outlook, product portfolio, sales data, distribution chain, manufacturing, new market entrants as well as existing market players, advertising, brand value, popular products, demand and supply, and other important factors to help the new entrants understand the market scenario better.

Important factors like strategic developments, government regulations, end-users, target audience, distribution network, branding, product portfolio, market share, threats and barriers, growth drivers and latest trends in the industry are mentioned.

Purchase this Report: https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=74851580  

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 TwitterLinkedIn 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

 

Friday, February 9, 2024

Playout Automation & Channel-in-a-box Market Size, Latest Trend, Growth, Application & Forecast 2030

The global Playout Automation & Channel-in-a-box Market size is projected to grow from USD 2.9 billion in 2023 to USD 6.1 billion by 2028, at a compound annual growth rate (CAGR) of 15.8% during the forecast period, according to a new report by MarketsandMarkets™. 

The playout automation & channel-in-a-box market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing engagement in HD and UHD content consumption, increase in demand for OTT services and escalating demand for video content across various industries, and proliferation of live broadcasting at an accelerated pace is also responsible for driving the market’s growth.

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Playout Automation & Channel-in-a-box Market Dynamics:

Drivers:

  1. Escalating demand for video content across various industries.
  2. Businesses are compelled to enhance their digital presence through dynamic and engaging content

Restraints:

  1. Issues pertaining to network connectivity and infrastructure.

Opportunities:

  1. Surge in online education.
  2. Revolutionizing the education, and learning landscape
  3. Surge in E-Learning for the enhancement of the educational landscape.

List of Key Players in Playout Automation & Channel-in-a-box Market:

  • Harmonic (US)
  • Evertz (Canada)
  • Pebble Beach Systems (UK)
  • Imagine Communications (US)
  • Avid Technology (US)
  • Grass Valley (US)
  • Brightcove (US)
  • Cinegy (US)
  • Pixel Power (UK)
  • ENCO Systems (US)

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By solution, the playout scheduling and management segment to register for the largest market size during the forecast period.

By solutions, the playout scheduling and management segment is expected to register the largest market size during the forecast period. These solutions are designed to efficiently manage the scheduling of programs, advertisements, and other content, helping broadcasters maintain a cohesive and engaging on-air presence. In the competitive broadcasting landscape, where delivering high-quality content without disruptions is paramount, playout scheduling solutions contribute significantly to the overall success of a channel. Within the playout automation and channel-in-a-box market, these scheduling and management solutions often integrate with other elements of the broadcasting workflow, such as traffic management systems and media asset management platforms.

By services, support and maintenance services to register for the highest CAGR during the forecast period.

The support and maintenance segment of the playout automation & channel-in-a-box market is growing rapidly. Vendors in this market understand the critical nature of these systems and typically offer comprehensive maintenance packages to address both routine upkeep and emergency situations. Maintenance services encompass a spectrum of activities, ranging from software updates and hardware diagnostics to preventive maintenance checks. Regular software updates are vital to keeping playout systems current with evolving industry standards, and ensuring compatibility with new file formats, codecs, and broadcast protocols.

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By region, Asia Pacific accounted for the highest growth rate during the forecast period.

Asia Pacific is witnessing significant growth in the playout automation & channel-in-a-box market. Asia-Pacific emerges as a region characterized by rapid digitalization, diverse content consumption patterns, and a burgeoning broadcasting industry. Growth drivers include the expanding middle-class population, increasing internet penetration, and the rise of mobile devices as primary content consumption platforms. Asian broadcasters are investing in advanced playout automation solutions to meet the demands of a vast and diverse audience while optimizing operational efficiency.

Some major players in the playout automation & channel-in-a-box market include Harmonic (US), Evertz (Canada), Pebble Beach Systems (UK), Imagine Communications (US), Avid Technology (US), Grass Valley (US), Brightcove (US), Cinegy (US), Pixel Power (UK), ENCO Systems (US), BroadStream Solutions (US), PlayBox Technology (UK), Florical Systems (US), TSL Products (UK), Hardata (US), PlayBox Neo (Bulgaria), Hexaglobe (France), PlanetCast (India), Axel Technology (Italy), Aveco (Czech Republic), Anyware Video (France), Aplomb Technology (India), SI Media (Italy), Amagi (US), TVU Networks (US), Veset (Latvia), Evrideo (Israel), coralbay.tv (UK), Muvi (US), LTN Global Communications (US), and Zixi (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 TwitterLinkedIn 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

 

Thursday, February 8, 2024

Cloud Mobile Backend as a Service Market Size, Overview, Manufacturers Profiles, Competition & Revenue By Countries (2023-2030)

The global Cloud Mobile Backend as a Service Market size is expected to grow from USD 4.1 billion in 2023 to USD 9.2 billion by 2028 at a compound annual growth rate (CAGR) of 17.5% during the forecast period, according to a new report by MarketsandMarkets™. 

The service type segment of the cloud mobile BaaS market is segmented into cloud storage & backup, user authentication & authorization, database management, push notification, and other service types.

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Cloud Mobile Backend as a Service Market Dynamics:

Drivers:

  1. Growing mobile app-driven economies demand BaaS.
  2. Escalating demand for mobile app development across diverse sectors

Restraints:

  1. Dependency on service providers.

Opportunities:

  1. Mobile apps and mobile games gaining popularity among the end-users.
  2. The proliferation of smartphones and the expansion of high-speed mobile networks
  3. Creating innovative and feature-rich mobile applications

List of Key Players in Cloud Mobile Backend as a Service Market:

  • AWS (US)
  • Google (US)
  • Microsoft (US)
  • Oracle (US)
  • MongoDB (US)
  • IBM (US)
  • Rackspace Technology (US)
  • Progress (US)
  • Temenos (Switzerland)
  • Cloudflare (US)
  • Couchbase (US)

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By Service Type, the user authentication & authorization segment is expected to capture the highest CAGR during the forecast period.

The user authentication & authorization segment is estimated to hold the highest CAGR during the forecasted period. The user authentication & authorization service type segment, encompassing traditional authentication, multi-factor authentication (MFA), and single sign-on (SSO), plays a crucial role in the cloud mobile BaaS market. These services are fundamental in ensuring the security and integrity of mobile applications by managing user access to backend resources. Traditional authentication methods, though foundational, are complemented by the rising prominence of multi-factor authentication, adding an extra layer of security through multiple verification steps. Additionally, single sign-on solutions streamline the user experience by allowing seamless access across multiple applications with a single set of credentials.

In the dynamic landscape of mobile app development, where security is paramount, these authentication & authorization services not only protect sensitive user data but also enhance user convenience. As the demand for secure and user-friendly mobile experiences grows, the integration of robust authentication & authorization mechanisms within mobile BaaS becomes imperative, empowering developers to implement effective security measures without compromising the accessibility and usability of their applications. Therefore, the user authentication & authorization segment serves as a cornerstone in fortifying the overall integrity and trustworthiness of mobile applications in the cloud environment.

Based on the platform, the Android segment is expected to account for the largest market share during the forecast period.

The cloud mobile BaaS market, by Android, is segmented into iOS, Android, and other platforms. It is expected that during the forecast period, the Android segment is expected to hold the largest market size and share in the cloud mobile BaaS market. The Android platform segment in the cloud mobile BaaS market plays a pivotal role in facilitating the seamless integration and functionality of mobile applications on Android devices. As the dominant operating system in the global mobile market, Android compatibility within mobile BaaS is essential for ensuring widespread app accessibility. This segment encompasses tools, APIs, and services tailored specifically for Android app development, enabling developers to leverage cloud-based backend services effortlessly. It streamlines data storage, user authentication, and other backend functionalities, allowing developers to focus on creating feature-rich and responsive applications. The Android platform segment in mobile BaaS not only addresses the diverse needs of Android app developers but also ensures interoperability and optimization, contributing to a consistent and efficient mobile app experience across the vast Android ecosystem. As businesses increasingly prioritize mobile app development, the Android platform segment within cloud mobile BaaS emerges as a critical component in driving innovation, scalability, and user engagement for applications targeting the Android user base.

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North America is projected to hold the largest market share during the forecast period.

By region, North America is projected to hold the most market share in the worldwide cloud mobile BaaS market in 2023, and this pattern is anticipated to be true throughout the forecast period. In North America, cloud mobile BaaS solutions play a pivotal role in accelerating and simplifying mobile app development. These platforms offer a robust and scalable infrastructure for developers and businesses, allowing them to focus on building innovative mobile applications without the complexities of managing backend infrastructure. With the increasing demand for mobile apps across various industries, mobile BaaS solutions in North America facilitate rapid development cycles, enabling quicker time-to-market for products and services. The US and Canada are the major contributors, as most of the major companies in the cloud mobile BaaS market are based in these countries.

In this region, where mobile devices are ubiquitous, mobile BaaS providers cater to the diverse needs of developers ranging from startups to large enterprises. The flexibility and ease of integration provided by these platforms empower businesses to leverage advanced features such as authentication, real-time data synchronization, and serverless computing. Moreover, the competitive nature of the North American market demands agile and efficient development processes, making cloud mobile BaaS solutions a strategic enabler for businesses aiming to stay ahead in the dynamic mobile landscape. As security and compliance are paramount concerns, leading mobile BaaS providers in North America adhere to stringent standards, ensuring data protection and regulatory compliance for applications across various domains, including finance, healthcare, and eCommerce.

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 TwitterLinkedIn 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

 

Wednesday, February 7, 2024

Data Fabric Market Size, Share, Growth | Industry Development And Forecast 2023-2030

The global Data Fabric Market size to grow from USD 1.6 billion in 2022 to USD 6.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 30.9% during the forecast period, according to a new report by MarketsandMarkets™. The Data Fabric market is expected to grow at a significant rate during the forecast period, owing to various business drivers. Some factors driving the growth of the data fabric market are increasing volume and variety of business data, the emerging need for business agility and accessibility, and the rising demand for real-time streaming analytics.

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Data Fabric Market Dynamics:

Drivers:

  1. Increasing volume and variety of business data.
  2. Emerging need for business agility and accessibility
  3. Rising demand for real-time streaming analytics

Restraints:

  1. Lack of awareness regarding implementation of data fabric solutions.
  2. Issues related to integrating legacy systems

Opportunities:

  1. Generating positive return on investment.
  2. Growing demand for cloud-based data fabric solutions for better scalability
  3. Increasing advancements in in-memory computing

List of Key Players in Data Fabric Market:

  • IBM (US)
  • SAP (Germany)
  • Oracle (US)
  • Informatica (US)
  • Talend (US)
  • Denodo (US)
  • HPE (US)
  • Dell Technologies (US)
  • NetApp (US)
  • Teradata (US)
  • Splunk (US)
  • TIBCO Software (US)
  • Software AG (Germany)
  • Intenda (South Africa)
  • Radiant Logic (US)
  • Incorta (US)

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Managed Services to witness the higher CAGR during the forecast period

The data fabric services can be segmented into managed services and professional services. Services are required by organizations to bring about effective data fabric implementation strategies that can be handled by third-party companies, and organizations can concentrate on their core businesses. The human resources of the company must also have in-depth knowledge about the benefits that the new service would offer to the company. The knowledge is provided by a specific set of channelized services provided by the service providers. Managed services are an umbrella term for the services provided by a third party, such as monitoring and maintaining computers, networks, and software. These services depend on client experience and can be considered the most significant variable. Organizations need to concentrate on their core business, due to which they cannot afford to concentrate on other related services as it can be distracting and unmanageable. Hence, managed services came into existence. It helps organizations in various ways.

In-memory type segment to register for larger market size during the forecast period

Data fabric came into the picture due to the explosion of a large amount of data generated and stored in data lakes. However, business organizations use data fabric to manage and move data between two repositories. Data fabric can be provided in two ways: disk-based data fabric and in-memory data fabric. In-memory data fabric allows organizations to quickly access the data with its BigMemory feature. In-memory data grid creates an environment by using Random Access Memory (RAM), which can store a huge amount of data required by applications. The data is easily available by allowing quick access to in-memory and can be accessed by many users through numerous applications. It provides various features, including easy processing of high volume of data transactions, resilient web acceleration, micro-services in the distributed pattern, real-time analysis and event processing, and cache as a service.

SMEs to register for the larger market size during the forecast period

Organizations with over 1,000 employees are large enterprises. These organizations generate large amounts of data, which must be implemented via collaborative work teams. Using data fabric, the data generated can be stored at lower costs without compromising safety and agility. Large enterprises collect customer and market data to help improve experiences and drive business growth. Large enterprises have a huge corporate network and organize many events. Though large enterprises can store data, the ability to gain economic storage solutions and fast and reliable access to processed data can help organize corporate data and generate insights that can be done with the implementation of the data fabric. The ability to harness the data generated by these large enterprises has been made possible using data fabric.

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Asia Pacific to witness the highest CAGR during the forecast period

Asia Pacific is among the digital hubs of the world. Thus, businesses in the region have quickly identified the benefits of cloud technology as a facilitator of digital transformation. The region has great scope for growth in the data fabric market. It is focused on innovating and developing BI solutions that utilize data fabric technology in various verticals, such as telecom, transportation, and BFSI. Japan, China, and India use data fabric solutions across different industry verticals to streamline business operations. The rapid development of the data fabric market in the Asia Pacific region can be attributed to the massive data growth in all industries across the region. In a market such as Asia Pacific, the sheer volume of data and various emerging data types create innumerable complexities for businesses that still require adopting data strategies from the ground up. Organizations that have understood the importance of data have yet to instill stronger data management practices in the current state of the modern array. The presence of a large population and the developing infrastructure and technology are the major factors contributing to the growth of the data fabric market in the Asia Pacific region.

Some major players in the Data Fabric market include IBM (US), SAP (Germany), Oracle (US), Informatica (US), Talend (US), Denodo (US), HPE (US), Dell Technologies (US), NetApp (US), Teradata (US), Splunk (US), TIBCO Software (US), Software AG (Germany), Intenda (South Africa), Radiant Logic (US), Incorta (US), Idera (US), K2View (US), Cinchy (Canada), Precisely (US), Global IDs (US), Alex Solutions (Australia), Iguazio (Israel), CluedIn (Denmark), QOMPLX (US), HEXstream (US), Starburst Data (US), Gluent (US), Stardog (US), Nexla (US), and Atlan (Singapore).

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 TwitterLinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

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Suite 430

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Email: sales@marketsandmarkets.com

 

5G Services Market Size 2023: Key Players, Industry Overview, Supply And Analysis To 2030

The global 5G Services Market size is estimated at USD 121.8 billion in 2023 to USD 1,002.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 52.4%, according to a new report by MarketsandMarkets™. The innovative concept of network slicing in 5G represents a transformative leap in network customization, offering virtual, dedicated slices tailored to the unique requirements of specific applications or services. This capability is a pivotal driver for the diverse range of use cases enabled by 5G technology. For massive IoT deployments, network slicing allows the creation of dedicated slices optimized for handling a vast number of connected devices with varying communication needs.

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5G Services Market Dynamics:

Drivers:

  1. Increase in mobile network data traffic.
  2. Need to transform mobile broadband experience
  3. Accelerated digital transformation across verticals
  4. Development of smart infrastructure
  5. Timely availability of 5G-compatible devices from several vendors

Restraints:

  1. High deployment costs.

Opportunities:

  1. Global proliferation of Fixed Wireless Access (FWA).
  2. Increase in demand for high reliability and low latency networks
  3. Introduction of massive IoT ecosystem and critical communications services

List of Key Players in 5G Services Market:

  • AT&T (US)
  • China Mobile (China)
  • SK Telecom (South Korea)
  • Verizon (US)
  • BT Group (UK)
  • Deutsche Telekom (Germany)
  • China Telecom (China)
  • Orange (France)
  • Vodafone (UK)
  • China Unicom (China)

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Simultaneously, in ultra-reliable low-latency communication (URLLC) scenarios, such as mission-critical applications in healthcare or industrial automation, dedicated slices ensure the stringent demands for real-time responsiveness and reliability are met. Network slicing thus becomes a crucial proponent in the adaptability of 5G, fostering a flexible and efficient network infrastructure that can accommodate the varied and evolving demands of a multitude of applications and industries.

“Based on communication type, the eMBB segment to hold the largest market size during the forecast period.”

The promise of significantly faster data speeds with 5G stands as a pivotal market driver for Enhanced Mobile Broadband (eMBB), reshaping the landscape of user experiences. This accelerated speed is a transformative force, particularly for data-intensive applications that have become integral to contemporary lifestyles. The ability of 5G to deliver higher download and upload speeds serves as a cornerstone for the flourishing demand in areas such as high-definition video streaming, virtual reality, and augmented reality. In the realm of video streaming, 5G facilitates seamless, buffer-free streaming of high-quality content, enhancing the user's entertainment experience. Moreover, in the realm of immersive technologies like virtual and augmented reality, the faster data speeds of 5G contribute to reduced latency, ensuring a more responsive and realistic user experience. This heightened speed not only meets current consumer expectations but also unlocks the potential for novel applications and services, driving market growth as businesses and consumers alike seek the enhanced capabilities that 5G brings to the forefront.

“By end user, enterprise segment is expected to hold a higher growth rate during the forecast period.”

Enterprises across various sectors are increasingly drawn to the deployment of private 5G networks as a strategic driver within the enterprise segment. This trend is particularly pronounced in industries where having dedicated and reliable communication networks is imperative for driving automation, robotics, and process optimization. Private 5G networks offer businesses a higher degree of control over their connectivity infrastructure, providing a dedicated and secure environment for mission-critical applications. In sectors like manufacturing, for instance, where seamless communication between machines and devices is essential for operational efficiency, private 5G networks serve as a foundational technology. The ability to tailor network parameters and allocate resources according to specific business needs empowers enterprises to optimize their connectivity for diverse applications. This adaptability, coupled with the low-latency and high-bandwidth characteristics of 5G, positions private networks as a key enabler for realizing the full potential of Industry 4.0, smart factories, and other advanced technologies within the enterprise landscape. The pursuit of these benefits propels the adoption of 5G in the enterprise sector, fostering a paradigm shift in how businesses approach and leverage their connectivity infrastructure.

“North America is expected to hold the second largest market size during the forecast period.”

The deployment of 5G infrastructure in North America is considered a powerful catalyst for economic growth, job creation, and technological innovation. The robust and high-speed connectivity offered by 5G networks serves as a foundational element for various industries, from telecommunications and manufacturing to healthcare and smart cities. As businesses embrace the capabilities of 5G, they stimulate demand for advanced technologies, such as the Internet of Things (IoT), edge computing, and artificial intelligence. This surge in technological adoption, coupled with the need for skilled professionals to design, implement, and manage 5G networks, contributes to job creation and the growth of a specialized workforce. Furthermore, the public and private sectors recognize the potential for 5G to drive economic competitiveness on a global scale. Consequently, increased investments are being made to develop and expand 5G infrastructure, fostering an ecosystem that not only meets current connectivity needs but also positions North America at the forefront of technological innovation and economic development.

Market Players

The major vendors covered in the 5G Services market are AT&T (US), China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), China Telecom (China), Orange (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica S.A (Spain), KT Corporation (South Korea), Roger Communications (Canada), Bell Canada (Canada), Etisalat (UAE), Saudi Telecom Company (Saudi Arabia), LG Uplus  (South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), Dish Network (US), Reliance Jio Infocomm (India), Rakuten Group (Japan), MTN Group (South Africa), Bharti Airtel Limited (India), Telenor Group (Norway), JMA Wireless (US), Verana Networks (US), Celona (US), Mangata Networks (US), Airspan Networks (US), Edge Q (US), Omniflow (US), Aarna Networks (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the 5G Services 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 TwitterLinkedIn 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

Tuesday, February 6, 2024

Telecom API Market Size Capacity, Production, Growth Rate, Revenue And Forecast (2023-2030)

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 TwitterLinkedIn 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

Artificial Intelligence Market Strategy and Remarkable Growth Rate By 2030

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