Growing demand for avionics in military aviation and rising adoption of HUDs in civil and commercial aircraft has collectively spurred the demand for head-up displays in the aviation segment. In addition, escalating demand from automotive sector has further fueled market momentum. Strong growth in the premium and luxury car segment has provided the much needed impetus to the market growth.
With the advancements in wireless technology, the land mobile radio systems market is set to witness steady growth in the next few years. The growing need for seamless interoperable communication in mission critical as well as commercial applications is identified as the major factor driving the land mobile radio systems market. The land mobile radio industry has been witnessing a shift in paradigm from analog to digital communication systems.
Favorable government regulations promoting tightened web security has been one of the major factors driving the adoption of web content filtering solutions among end-users. In addition, growing desire to better manage the network bandwidth consumption and defy cyber threats have further fueled market momentum. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 13.9% during the forecast period 2015 – 2022.
The worldwide cell culture market volume was evaluated at 15.89 billion US dollars in year 2013. Biotechnology has acquired a prime importance for research & development activities of new healthcare applications as well as biological applications, stem cell applications in vitro fertilization & in vivo fertilization and living tissues & cells. Owing to this, biotechnology has become a centre of all research activities.
The research study provides profound knowledge of the mobile payments market composition, evaluates and overviews its multidimensional aspects & applications. It expresses both its quantitative and qualitative patterns of investigative research. The research study bifurcates the global mobile payments market on the basis of different parameters and assesses each section as well as sub-section of global mobile payments market.
The market for unified communication (UC) market is expected to see a significant growth throughout the forecast period 2015 – 2022 with rising adoption of unified communication in enterprises across the world. UC enables organizations to meet their real-time communication needs required for critical business operations. Unified communication includes packaged solutions such as instant messaging, unified messaging, collaboration systems, mobility, conference solutions, transactional and informational systems and other real-time and non-real time systems.
activities in varied verticals including healthcare, entertainment, transport, and finance has been gaining lot of interest in the recent years. This has further augmented the role of SMS as a carrier technology for media, utility, and communication services. We expect SMS to continue as a carrier technology for the next two years at least because of its reliability and ubiquitous nature.
Demand for portable CMM (Coordinate Measuring Machine) software, growing acceptance for point cloud capabilities, and drive towards precision engineering are collectively driving adoption of metrology software solutions across the globe. In addition, their ability to integrate multiple functions within a single unit, thereby making device compact has further fueled market momentum in different verticals. These factors are expected to contribute towards a single digit compounded annual growth rate (CAGR) during the forecast period 2016 – 2023. The global metrology software market is expected to exceed US$ 652.1 Mn by 2023.
Rising penetration of smartphones and internet usage has led to high demand for mobile applications in the recent years. Further rise in penetration of mobile devices is expected to continue driving the demand for mobile applications in the coming years. Similarly, the penetration of over-the-top (OTT) services too have witnessed paradigm shift in the past few years. In addition, advancement in internet services such as 4G LTE further drives the overall mobile applications and OTT content industry. This is expected to significantly fuel the mobile internet traffic rate thereby bolstering API services such as WebRTC, RCS and location. This is one of the most significant factors fueling the telecom API market growth.
Managed Equipment Services (MES) and Enterprise Compliance and Quality Management (ECQM) refer to solutions used to streamline the huge volumes of data in organizations. MES solutions are typically used by healthcare facilities; whereas ECQM solutions are used organizations operating across life sciences, pharmaceuticals and medical devices sectors. Majority of the ECQM software are based on FDA compliance in the healthcare sector so as to deliver the required information appropriate places.
The growing integration of web-based technologies in business processes have led to increased cyber-criminal activities and threats in form of email attacks. This, in turn has encouraged business enterprises to invest in web security and email encryption solutions. The proliferation of mobile devices such as tablets and smartphones is an obvious driver of the BYOD concept which has boosted the use of wireless network, thereby augmenting possibilities of malware attacks.
EDiscovery is a procedure of detecting, gathering and presenting digital information to other party in litigation. This process is based on (EDRM) electronic discovery reference model, which takes in various steps such as information identification, data preservation, data collection, review analysis, and production. Currently, demand for cloud-based EDiscovery software and services is increasing as more number of enterprises are shifting towards cloud computing technologies.
The global enterprise asset management market is anticipated to witness a CAGR of over 8% during the forecast period. Implementation of enterprise asset management solutions and systems is increasing across the globe as these solutions reduce system downtime and enhance business productivity. Also, focus to enhance asset life and performance through real-time monitoring of enterprise asset is expected to boost growth of the market over the forecast period.
Increasing number of data breaches is encouraging healthcare organizations to take proactive measures to prevent confidential patient information against cyber-attacks. This, in turn, is boosting the uptake of cyber security solutions and services across the globe. Also, growing adoption of electronic health record systems and networking technologies is creating data privacy and security challenges that need to be managed in an efficient manner. Proliferation of mobile devices and growing healthcare service provider focus towards protecting patient records is expected to support growth of the healthcare cyber security market over the forecast period.
Industrial Control Systems (ICS) encompasses control, monitoring and data acquisition systems designed for industrial processes. These systems are used in range of applications such as water treatment, gas and electricity distribution, oil refining, railway transportation, manufacturing goods and others. In the last decade, ICS have passed through a significant transformation from proprietary, isolated systems to open architectures. Moreover, standard ICS technologies highly interconnected with external/business networks and the Internet.
The smart ring is a type of wearable electronic device with the capability to connect with smartphones and other smart gadgets. The smart rings can interact with smartphones and enable users to check notifications and operate applications through simple gesture control. Smart rings have been gaining immense popularity in the recent years on account of factors such as enhanced mobility, comfort, and functionality.
Artificial intelligence is a branch of science and technology which deals with the process of making machines and related processes smart with the help of intelligent computer programming. The prime purpose of artificial intelligence is to create an expert system capable of exhibiting intelligent behaviors such as learning, demonstrate and implementation.
The global block chain technology market was valued at US$ 482.1 million in 2016. Block chain technology market is mainly driven by the increasing adoption of the technology in the financial services sector, public sector and healthcare segments are few of the major factors that are expected to fuel the demand for the block chain technology market. The block chain technology market has been segmented on the basis of type, application, end-use industry, and region.
A KVM Switch is a hardware device that allows you to control multiple computers through a single keyboard, monitor and mouse (KVM). KVM switches are commonly used in data centers where multiple servers are placed in single rack. KVM switches enable network administrators to streamline IT environment and rack space. In addition, it substantially reduces networking cost for organizations and clutter of additional monitors, keyboards and mice required. Another benefit of using KWM is it improves the server manageability.
Neuromorphic computing systems is a computing technique which works on the principle of human brain neurons having the capability to solve cognitive problems. This biologically inspired computer can understand and learn new directives similar to a human brain and therefore can be used to tackle challenging issues such as machine learning and artificial intelligence (AI).
Increasing focus on cyber security has led business as well as government organizations to consider establishing a secure virtual private network (VPN) over open or public internet. VPN helps securing business/organizational data such as customer information, product catalog, employee database, company financials and others from unauthorized or unknown access.
Travel and expense management software finds its adoption mainly in large organizations and travel management companies to manage and audit expenses accrued during the business travels. Rising end-users domain for travel and expense management software is one of the most prominent factors, ensuring incremental market growth in coming years. Travel and expense management through mobile app is one of the recent trends observed in T&E management software market. This trend can probably create security risk due to improper handling of devices.
Data Protection-as-a-Service (DPaaS) is one of the most promising cloud-based service, widely used for providing data privacy and security. DPaaS market is expected to witness steady growth owing to rising demand from numerous large and medium scale organizations to secure their business data.
Continuously growing telecommunication sector worldwide is encouraging the demand for grounding bars market and registered global market value of US$ 880.5 Mn in 2016. Further, the market is anticipated to grow with a CAGR of 3.8% from 2017 to 2025. Telecommunications grounding bars play a critical role in ensuring protection of expensive telecommunication equipment installed in various commercial buildings. Lack of effective bonding and grounding in commercial buildings can result in damage to the telecommunication equipment further leading to costly downtime.
Global e-commerce software market was valued at US$ 4,467.0 Mn in 2017 and set to grow at a CAGR of 19.1% throughout the forecast period from 2018 to 2026. Increasing penetration of e-commerce from different geographical regions observed as one of the most prominent factors influencing e-commerce software market growth.
Industry Overview
Technological up gradation and innovation in the telecom & IT industry has dramatically increased. It has now encompassed a more varied number of players than before. In the present market scenario and in order to deal with the competition, current telecoms are undergoing a drastic internal changes as well as external changes in the form of changes in rules, changing market trends in customer demand, changes in digital contents and introduction of new techniques. This change needs large capital investments in deployment of next generation services and also a basic shift in the telecom approach and business model.
These days, telecom & IT industry comprises internet, software, telephony, application, support services, contents and hardware provided by identities that range from top corporate firms to startup firms and sole software developers as well as open source systems. The relevant applications and contents are integral components of the propositional value.
Every firm in the telecom & IT market sector is in search of unmet industries with new items having enhanced features. In the same manner, we observe explosion of information on social networking sites or social media which are key cause of concerns for CMOs and CIOs globally. Social networking websites and social conversion sites are providing marketers a constant data stream of inbound information. But marketers require refined and advanced exploratory abilities to scrutinize, categorize and produce patterns from all the online redundancy. Product teams as well as enterprises have not just to analyze industry requirements but constantly detect the competitors for better market awareness.
