Playout Automation Market 2023: - Size, Research Update, Future Scope, Revenue, Pricing Trends, Regional Outlook 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 Twitter, LinkedIn and Facebook.

Contact:
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MarketsandMarkets™ INC.

630 Dundee Road

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USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Attack Surface Management Market 2023: - Size, Research Update, Future Scope, Revenue, Pricing Trends, Regional Outlook 2030

The global Attack Surface Management Market size is forecasted to grow from USD 0.9 billion in 2024 to USD 3.3 billion in 2029 at a (CAGR) of 29.3% during the forecast period, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, according to a new report by MarketsandMarkets™. The attack surface refers to all the potential points of entry that attackers can use to infiltrate a system or network. This includes software, hardware, configurations, and even human behavior vulnerabilities. Essentially, the more access points, weaknesses, and gaps in the defenses, the larger the attack surface and the easier for attackers to find a way in.

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Attack Surface Management Market Dynamics:

Drivers:

1. Rise in companies & digital footprints.
2. Increasing adoption of cloud and SaaS solutions
3. Flourishing landscape of digital ecosystem
4. Rise of remote work & model

Restraints:

1. Integration and complexity of environment.
2. Lack of awareness regarding benefits of attack surface management solutions

Opportunities:

1. Convergence of ASM with other security capabilities.
2. Smart automation in ASM leveraging AI and ML
3. Demand for merging cloud-native application platforms (CNAPPs) with attack surface management solutions

List of Key Players in Attack Surface Management Market:

• Palo Alto Networks (US)
• IBM(US)
• Microsoft (US)
• Cisco (US)
• Google Cloud (US)
• Trend Micro (Japan)
• Qulays (US)
• Tenable (US)
• Crowdstrike (US)
• Rapid7 (US)
• Bitsight(US)
• SecurityScorecard (US)
• CyCognito(US)

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Attack surface management (ASM) aims to provide organizations with a comprehensive awareness of their attack surface. Through ongoing identification and monitoring of potential entry points, ASM facilitates proactive vulnerability management, substantially decreasing overall security risk. ASM is the continuous monitoring, remediation, and reduction of all security risks within an organization's attack surface. The ultimate objective of ASM is to keep the attack surface minimal to reduce the number of options hackers have to breach a network perimeter. It is the ongoing process of identifying, analyzing, prioritizing, and mitigating the cybersecurity risks and potential weaknesses that make up an organization's attack surface.

By offering the services segment to grow with the highest CAGR during the forecast period.

Attack Surface Management (ASM) services are increasingly sought after as organizations struggle to navigate their expanding digital landscapes. With the rise of digital technologies, managing complex attack surfaces internally has become daunting, prompting a need for external expertise. Moreover, the evolving threat landscape poses challenges, requiring constant vigilance and specialized knowledge to combat sophisticated cyber threats effectively. However, the need for more skilled cybersecurity professionals exacerbates the situation, making it difficult for organizations to build internal capabilities. ASM services offer a viable solution, providing access to expert guidance without the need for extensive hiring efforts. Additionally, ASM services assist organizations in meeting compliance requirements by ensuring adherence to data privacy regulations and demonstrating proactive risk management.

By Deployment mode, the cloud segment will grow at a higher CAGR during the forecast period.

When choosing between cloud-based and on-premise Attack Surface Management (ASM) solutions, cost-effectiveness is crucial. With subscription models, cloud options appeal to smaller businesses with limited budgets, while leveraging existing on-premise infrastructure can reduce costs for those with significant investments. Scalability is another advantage of cloud solutions, accommodating growing IT environments and fluctuating security needs. Accessibility is enhanced with cloud-based ASM, offering remote access and centralized management, which is ideal for geographically dispersed organizations or those with a mobile workforce. However, data security concerns and compliance requirements may drive organizations to prefer on-premise deployments, providing complete control over sensitive data and ensuring regulatory compliance. Additionally, customization needs may favor on-premise solutions, offering greater flexibility for tailoring the software to specific IT environments and security policies.

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By region, Asia Pacific will grow at the highest CAGR during the forecast period.

Asia Pacific is witnessing a surge in cyberattacks, prompting organizations to prioritize effective corporate governance and risk strategies. Recent incidents, such as the ransomware attack on Tokio Marine Group's Singapore unit, underscore the critical need for robust cybersecurity measures. Government initiatives and funding in countries like China, Singapore, Japan, and Australia drive innovation in attack surface solutions. Both small and large enterprises in the region are increasingly adopting these technologies to protect critical resources and enhance operational efficiency. Studies show that many businesses in the Asia Pacific region have experienced cyber incidents, prompting proactive measures like scenario planning and response readiness.

Palo Alto Networks (US), IBM(US), Microsoft (US), Cisco (US), Google Cloud (US), Trend Micro (Japan), Qulays (US), Tenable (US), Crowdstrike (US), Rapid7 (US), Bitsight(US), SecurityScorecard (US), CyCognito(US), Bugcrowd(US)  are the key players and other players in the Attack Surface Management 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:
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MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

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USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Big Data Security Market: Growth Rate, Segment, Industry Analysis, Share & Size

The global Big Data Security Market size is projected to grow from USD 17.5 billion in 2020 to USD 35.3 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2026, according to report published by MarketsandMarkets. The market’s growth can be attributed to the increasing awareness and rising investments in big data security solutions across global organizations operating across verticals.

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Based on software, the data encryption, tokenization, and masking segment are estimated to lead the market in 2020.

Data encryption is a security method where information is encoded and can only be accessed or decrypted by users with the correct encryption key. Encrypted data, also known as ciphertext, appears scrambled or unreadable to persons or entities accessing without permission. Tokenization is the process of turning sensitive data into non-sensitive data called ‘tokens’ that can be used in a database or internal system without bringing it into scope. Data masking is a data security technique where a dataset is copied, but sensitive data is obfuscated. This copy is then used instead of the authentic data for testing or training purposes. By masking data, organizations can expose the data needed to test teams or database administrators without compromising it or getting out of compliance. The primary benefit is reduced security risks.

Based on Vertical, IT & ITES is estimated to lead the market in 2020.

The IT and ITES vertical is growing at an unprecedented rate in North America, Europe, and APAC. However, it is one of the major targets for cyberattacks as IT and ITES companies are dealing with storage and transfer of large volumes of critical business data and the employee data, such as names, addresses, and financial transactions. The rise in penetration of cloud computing, IoT devices, BYOD, and mobile and web applications has widened the surface of cyberattacks in the IT and ITES vertical.

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

Most of the security vendors are based in North America, which makes the region to be among the early adopter of new and advanced security technologies. As a result, North America is expected to dominate the big data security market during the forecast period. Moreover, increase in the sophisticated cyber-attacks is anticipated to drive the implementation of big data security in several verticals such as banking, finance, government, and healthcare sectors. With the widespread use of digital payments, cloud based applications, IoT, security ecosystem has become more complex. Besides, various SMBs are welcoming disruptive work culture through services such as BYOD and work-from-home, exposing the enterprise data prone to number of cyber-attacks.

Market Players

Major vendors, namely, include IBM (US), Oracle (US), Microsoft (US), Google (US), Amazon Web Services (US), Hewlett Packard Enterprise (US), Talend (US), Micro Focus (UK), Check Point (Israel), FireEye  (US), Rapid7  (US), Thales  (France), and  Informatica  (US).

About MarketsandMarkets™

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.

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 moulded 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 MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact: 
Mr. Aashish Mehra 
MarketsandMarkets™ INC 
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Suite 430 
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USA: +1-888-600-6441 
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Cloud Security Market: Driving Factors, Industry Growth, Key Vendors And Forecasts To 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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Cloud Security Market Dynamics: -

Cloud Security Market Drivers:

1. Increasing adoption of multi-cloud environments
2. Growth of DevSecOps
3. High adoption of AI and ML solutions
4. Upsurge in BYOD and CYOD trends

Cloud Security Market Restrains:

1. Lack of awareness regarding cloud security
2. Complexity in cloud security management
3. High navigation costs and stringent regulations
4. Reliance of organizations on cloud security providers

Cloud Security Market Opportunities:

1. Development of cloud computing landscape
2. Growth of mobile computing
3. High adoption of IoT devices
4. Sophistication of cybercriminals

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

The Asia Pacific region demonstrates solid technological adoption, with a mix of developed and growing economies like China, Japan, India, Australia and New Zealand, and Singapore. Additionally, the governments in the region actively promote internet accessibility, driving demand for cloud security solutions. Also, policy improvements and regulatory enhancements, such as strengthened privacy regulations in Australia, boost adoption. Moreover, unique cybersecurity risks and rising data protection awareness accelerate the demand for cloud security in the region. Furthermore, collaborative initiatives and the adoption of SASE solutions reinforce the region’s position as the fastest-growing market for cloud security. Thus, Asia Pacific has the highest CAGR in the cloud security market.

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.

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Mr. Aashish Mehra 
MarketsandMarkets™ INC 
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Suite 430 
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USA: +1-888-600-6441 
Email: sales@marketsandmarkets.com 

 

Future Development In Predictive Maintenance Market Estimation, Key Players, Growth Opportunities 2030

The global Predictive Maintenance Market size to grow from USD 4.2 billion in 2021 to USD 15.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period, according to a new report by MarketsandMarkets™. Various factors such as increasing spending on marketing and advertising activities by enterprises, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are expected to drive the adoption of predictive maintenance technologies and services.

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Predictive Maintenance Market Dynamics:

Drivers:

1. Increasing use of emerging technologies to gain valuable insights.
2. Advent of ML and AI
3. Growing need to reduce maintenance cost, equipment failure, and downtime

Restraints:

1. Lack of skilled workforce.
2. Data security concerns

Opportunities:

1. Rising internet proliferation and growing usage of connected and integrated technologies.
2. Real-time condition monitoring to assist in taking prompt actions
3. COVID-19 pandemic increasing the need for remote monitoring and management of assets and business processes

List of Key Players in Predictive Maintenance Market:

• Microsoft (US)
• IBM (US)
• SAP (Germany)
• SAS Institute (US)
• Software AG (Germany)
• TIBCO Software (US)
• HPE (US)
• Altair (US)
• Splunk (US)
• Oracle (US)
• Google (US)
• AWS (US)
• GE (US)
• Schneider Electric (France)
• Hitachi (Japan)

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Predictive maintenance is an approach used by enterprises to predict future failure points as well as monitor the condition of an asset in real-time. Besides passive monitoring, the predictive maintenance technique leverages ML algorithms that take critical historical data, such as temperature, pressure, and vibration, as an input, thus providing prediction related to the condition of an asset in real-time. This, in turn, enables enterprises to significantly reduce unplanned machine downtime and decide whether any particular asset needs maintenance. Predictive maintenance ensures the machine is taken for maintenance before it fails, due to which there are minimal losses in production. Traditional maintenance software currently cannot manage these expectations, as these maintenance solutions are reactive and periodic, which might affect the productivity of an enterprise due to unexpected downtime of the asset. Predictive maintenance solutions leverage technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), and big data, to gather meaningful insights from all the data received from the machines, thus helping in taking necessary actions before the breakdown of the asset.

Public Cloud segment to account for a larger market size during the forecast period

Public cloud deployment mode in the predictive maintenance market offers a cloud-based environment and is available to the general public over the internet. It requires minimal investment, no hardware setup, and no infrastructure management. It is a type of virtual network environment wherein various service providers provide cloud-based analytical solutions. Organizations are moving their complex core applications to public cloud due to its compatibility, security, and performance.

Government and Defense vertical to have the largest market size during the forecast period

Government and public institutions are shifting toward a digital mode of operations, with the developed IT infrastructure in place, to improve reliability and efficiency. Government and public authorities are taking various initiatives, such as smart cities and traffic management, to enhance the lifestyle of its citizens and administer the cities. Public sector organizations all over the world have the responsibility of employing high-value assets and operations associated with utilities, public venues, roads, bridges, transit and mobility systems, airports, ports, and public health systems.

APAC to hold higher CAGR during the forecast period

The predictive maintenance market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of maintenance technologies to have a competitive advantage over the established players. Predictive maintenance vendors in this region focus on innovations related to their product line. China, Japan, India, and Bangladesh have displayed ample growth opportunities in the predictive maintenance market.

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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

Artificial Intelligence Market: Growth Rate, Segment, Industry Analysis, Share & Size

AI Market Share 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.

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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.

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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

Wireless Broadband in Public Safety Market Estimation, Industry Share, Size, Business Analysis, Key Players, Growth Opportunities 2029

The global Wireless Broadband in Public Safety Market size is expected to reach USD 126.9 billion by 2029 from USD 40.2 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, according to a new report by MarketsandMarkets™. The competitive landscape and the existence of a robust vendor ecosystem play a pivotal role in propelling innovation and development within the wireless broadband in public safety market.

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Wireless Broadband in Public Safety Market Dynamics:

Drivers:

1. Surge in usage of mobile phones and internet connectivity.
2. Enhancement in public safety and availability of real-time information
3. Cybersecurity and data protection

Restraints:

1. Security breaches and interception.
2. Network congestion in critical situations

Opportunities:

1. Enhancing next-generation technologies and availability of wireless broadband in rural areas.
2. Convergence of public safety and commercial networks

List of Key Players in Wireless Broadband in Public Safety Market:

• AT&T(US)
• Verizon Communications Inc (US)
• Cisco Systems
• Inc (US)
• Ericsson (Sweden)
• Huawei Technologies Co. Ltd (China)
• Broadcom (US)
• HPE Aruba Networks (US)
• Extreme Networks (US)
• Juniper Networks (US)
• Motorola Solutions (US)

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The dynamic competition among technology providers fosters a continuous push for advancements, driving the evolution of more sophisticated and cost-effective solutions. In this competitive environment, companies strive to outpace each other in introducing cutting-edge features, improving system interoperability, and enhancing overall performance. The race to meet and exceed market demands encourages rapidly integrating emerging technologies into wireless broadband in public safety, such as 5G Networks, Mission-Critical Push-to-Talk (MCPTT), Body-Worn Cameras and Sensors, Internet of Things (IoT) Integration, and advanced Data Analytics. As vendors vie for market share, customers benefit from diverse options, leading to an accelerated pace of innovation and a broader range of choices. The competitive forces within the wireless broadband in public safety market catalyze continuous improvement, ensuring that the sector remains at the forefront of technological advancements while fostering sustained market growth.

“Based on application, critical communications segment to hold the largest market size during the forecast period.”

Within the wireless broadband in public safety market, the critical communications segment is estimated to capture the largest market size throughout the forecast period of 2024-2029. There's an expanding demand for public safety LTE (Long-Term Evolution) due to its dependable and high-speed data connectivity, perfectly suited for mission-critical tasks in disaster response, law enforcement, and emergency medical services. As public safety organizations strive to elevate their communication functionalities, the adoption of public safety LTE is expected to witness a substantial rise. The increasing prevalence of next-generation technologies like 5G presents even faster data speeds, coupled with ultra-low latency and network slicing. Network slicing allows for creating dedicated networks specifically designed for public safety applications. This enhanced performance will support critical applications such as real-time video streaming and remote surgery. Furthermore, governments worldwide acknowledge the criticality of public safety broadband networks and actively invest in infrastructure development through initiatives and mandates. These endeavors will generate a significant demand for solutions in critical communication. Finally, strict regulations exist regarding public safety communication, emphasizing the need for reliability, security, and constant availability. These regulations ensure that critical communication solutions adhere to these strict requirements. Consequently, the demand for dependable and secure communication technologies is projected to continue upward. In essence, the convergence of these factors will propel the critical communications segment to the forefront of wireless broadband in public safety market during the forecast period.

“Based on end user, first responders segment is expected to hold a higher growth rate during the forecast period.”

Anticipated to achieve a higher growth rate within the wireless broadband in public safety market throughout the 2024-2029 forecast period, the first responders segment is driven by a compelling need for enhanced situational awareness and accelerated response times. Wireless broadband empowers first responders in several ways. It facilitates real-time data sharing, enabling the exchange of critical information like live video feeds, medical records, and building plans. This fosters superior coordination, swifter decision-making, and a more streamlined emergency response. Wireless broadband strengthens operational efficiency through seamless communication between first responders deployed in the field and command centers. This leads to faster resource allocation, improved personnel tracking, and a more coordinated overall approach during operations. Real-time access to crucial data like weather updates, hazardous material information, and criminal records enhances safety for first responders by enabling better risk assessment and safer operations. Furthermore, governments worldwide increasingly recognize the importance of equipping first responders with cutting-edge technologies. This surge in government funding will directly propel growth within the first responder segment of the wireless broadband in public safety market. Lastly, the ever-changing landscape of emergencies and public safety threats, encompassing everything from natural disasters to cyberattacks and active shooter situations, necessitates ever-more sophisticated communication tools for first responders. Wireless broadband offers high bandwidth, reliability, and security essential for tackling these evolving challenges, thereby accelerating adoption within the first responder segment. In essence, the emphasis on faster response times, heightened situational awareness, government funding directed towards public safety technologies, and the continuous evolution of threats all merge to fuel the projected higher growth rate of the first responders segment in the wireless broadband in public safety market during the forecast period.

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“Asia Pacific is expected to hold a higher growth rate during the forecast period.”

The Asia-Pacific region is poised to experience the highest growth rate in the global wireless broadband for public safety market during the 2024-2029 forecast period. This surge is driven by a confluence of factors. Flourishing economies and supportive government initiatives are leading to increased investments in public safety infrastructure, focusing on advanced communication networks for first responders. The vast population of the Asia-Pacific region presents a significant untapped market for wireless broadband solutions. This, coupled with growing security concerns related to terrorism, natural disasters, and cybercrime, further accelerates the demand for robust and reliable public safety communication networks. Consequently, the Asia-Pacific region is expected to dominate the growth of wireless broadband in public safety market for the foreseeable future.

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