According to new market research report “Digital Banking Platforms Market by Banking Type (Retail Banking and Corporate Banking), Banking Mode (Online Banking and Mobile Banking), Deployment Type (On-Premises and Cloud), and Region – Global Forecast to 2023″, The digital banking platforms market is projected to grow from USD 3.3 billion in 2018 to USD 5.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.2% from 2018 to 2023

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The developing call for amongst banks to provide client experience and the increasing adoption of the cloud-based systems to attain better scalability and flexibility are predicted to pressure the growth of the Digital banking platforms market across the globe. The increasing call for for streamlining enterprise techniques and the developing adoption of smartphones and pills also are anticipated to gas the increase of the digital banking platforms market.

Based on banking types, the retail banking segment is expected to grow at a higher CAGR during forecast period

Based on banking sorts, the retail banking is predicted to grow at better CAGR from 2018 to 2023. Retail banking has emerged as an important enabler within the digital banking platforms market to translate the banking fashions across the globe. With the growing number of channels, financial institutions are changing their running processes to offer customers with top rate offerings and enhance their account management. The changing purchaser expectations and behaviors and the developing digital technology are contributing to the boom of the retail banking section.

Based on banking modes, the online banking segment is expected to account for a major market size during the forecast period

Based on banking modes, the web banking phase is expected to account for a chief marketplace length for the duration of the forecast period. The on line banking systems facilitates banks to provide banking offerings to cease-customers over the internet. The on-line banking requires high level of process automation, internet-based offerings, and Application Programming Interfaces (APIs), and facilitates real-time integration with a bank’s more than one host structures.

Based on deployment types, the cloud segment is expected to grow at a higher CAGR during forecast period

Based on deployment types, the cloud section is anticipated to develop at a better CAGR for the duration of the forecast length. The cloud deployment kind has grown to be a price-effective and efficient way to address all operational procedures of insurers, alongside statistics management and governance troubles. Cloud-based Digital banking platform equipment provide several blessings, which include the rapid implementation of tools, decreased installation and operational charges, less renovation costs, 24/7 information accessibility, safety, and simplicity of use.

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The Asia Pacific (APAC) digital banking platforms market is projected to grow at the highest CAGR during the forecast period

The digital banking platforms market within the APAC vicinity is projected to develop at the very best CAGR at some stage in the forecast length. This increase may be attributed to the elevated adoption of digital technologies, especially in rising economies, along with Singapore, Australia, India, China, and Japan. This has made APAC a beneficial marketplace within the IT enterprise. Strong banking capabilities, including virtual services, strong financial positions, and virtual systems are expected to pressure the growth of the virtual banking structures marketplace inside the APAC region. Companies in APAC would benefit from the bendy monetary situations, industrialization, globalization-encouraged guidelines of the authorities, and the increasing digitalization in the place.

Key players operating in the digital banking platforms market include Appway (Switzerland), Backbase (Netherlands), CREALOGIX (Switzerland), ebanklT (England), EdgeVerve (India), Intellect Design Arena (India), Finastra (UK), ieDigital (England), ETRONIKA (Lithuania), Fidor (Germany), Fiserv (US), Halcom (Slovenia), NETinfo (Cyprus), Kony (US), NF Innova (Austria), Oracle (US), SAB (France), SAP (Germany), Sopra (France), Tagit (Singapore), TCS (India), Technisys (US), Temenos (Switzerland), BNY Mellon (US), and Worldline (France).

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

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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According to market research report “Information Security Consulting Market by Security Type (Network Security, Application Security, Database Security, and Endpoint Security), Organization Size (SMES and Large Enterprises), Vertical, and Region – Global Forecast to 2021″, The information security consulting market is estimated to grow from USD 16.12 Billion in 2016 to USD 26.15 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.2%.

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The major forces driving the information security consulting market are rising network complexities due to mergers and acquisitions and third-party application deployment. The information security consulting market is growing rapidly because of the growing security needs of Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increased deployment of web & cloud-based business applications.

North America is expected to dominate the information security consulting market in 2016

North America is expected to hold the largest share of the information security consulting market in 2016, due to the technological advancements and early adoption of cyber security in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India and China.

Aerospace & defense vertical to have the largest market size in 2016

The information security consulting market is also segmented by various industry verticals, out of which, the adoption of security consulting services is expected to be the highest in the aerospace and defense vertical, as the critical data and applications used by this vertical are prone to advanced threats. Moreover, government & public utilities, Banking, Financial Services & Insurance (BFSI), and Information Technology (IT) & telecom verticals are expected to gain traction during the forecast period

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Application security to grow at the highest CAGR from 2016 to 2021

Cyber security solutions are used to secure the network infrastructure and the devices connected through it. The emerging IoT, BYOD trends, and connected number of devices & applications are susceptible to Advanced Persistent Threats (APTs). Application security is expected to witness the highest CAGR in the global information security consulting market during the period of 2016–2021. North America is expected to account for the largest market share in 2016, due to the greater awareness of cyber security and early adoption of security consulting services in this region.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, business expansions, and product developments, adopted by major players to increase their market share. Some of the major technology vendors include Ernst & Young (U.K.), IBM Corporation (U.S.), Accenture plc (Ireland), Atos SE (France), Deloitte (U.K.), KPMG (U.K.), PwC (U.K.), BAE Systems plc (U.K.), Hewlett Packard Enterprise (U.S.), and Wipro Limited (India).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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According to research report “Blockchain Government Market by Provider (Application Providers, Middleware Providers, and Infrastructure Providers), Application (Asset Registry, Identity Management, Payments, Smart Contracts, Voting, and Others), and Region – Global Forecast to 2023″, The blockchain government market is expected to grow from USD 162.0 Million in 2018 to USD 3,458.8 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period.

The major factors driving the blockchain government market include need to provide protection against data tampering, upswing in the usage of blockchain technology to create transparent and decentralized government, and increase in efficiency and speed in public sector transactions.

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139 – Pages   

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The application providers segment is expected to grow at the highest CAGR in the global blockchain government market during the forecast period

The blockchain government market has been segmented on the basis of providers into 3 categories: application providers, middleware providers, and infrastructure provider. These providers offer infrastructure to develop in the blockchain-based platforms. Among these types, application providers is the fastest growing segment in the overall blockchain government market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in government agencies thereby fueling the overall market growth.

North America is expected to hold the largest market size in the blockchain government market during the forecast period

North America is estimated to account for the largest share of the overall market in 2018. The region is considered as the most advanced in technology adoption and infrastructure. The wide presence of key industry players of blockchain technology solutions in this region is the main driving factor for the blockchain government market. Governments in this region are moving toward the adoption of the blockchain technology. US governments have recognized the blockchain technology’s potential for the delivery of public services, and started adopting this technology to develop business applications. Moreover, the Canada Federal government is exploring the blockchain technology to boost the innovation economy.

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The smart contracts segment is estimated to hold the largest market size in the blockchain government market in 2018

The smart contracts segment is expected to dominate the blockchain government market in terms of its contribution to the overall market shares, as government agencies are deploying blockchain-based smart contracts to reduce the costs of verification, execution, arbitration, and fraud prevention. The blockchain technology overcomes the existing limitations of smart contracts in terms of privacy, scalability, auditability, confidentiality, and performance.

Major blockchain technology vendors include IBM (US), SAP (Germany), Microsoft (US), Oracle (US), Deloitte (US), AWS (US), Infosys (India),  Bitfury (the Netherlands), Auxesis Group (India), Cegeka (the Netherlands), Factom (US), BTL (Canada), SpinSys (US), OTC Exchange Network (US), ModulTrade (UK), Blocko (South Korea), Symbiont (US), brainbot technologies (Germany), Guardtime (Estonia), BigchainDB (Germany), Somish (India), RecordsKeeper (Spain), Intel (US), Accenture (Ireland), and Blockchain Foundary (Singapore).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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According to a research report “Serverless Architecture Market by Service Type (Automation and Integration, Monitoring, API Management, Security, Analytics, and Design and Consulting), Deployment Model, Organization Size, Vertical, and Region – Global Forecast to 2025″ published by MarketsandMarkets, the global serverless architecture market size is projected to grow from USD 7.6 billion in 2020 to USD 21.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. The major factors driving the growth of the serverless architecture market include the rising need of shifting from CAPEX to OPEX by removing the need to manage servers, thereby reducing the infrastructure cost.

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109 – Tables

42 – Figures

170 – Pages

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Large enterprises segment to hold a larger market size during the forecast period

The adoption of serverless architecture service types among large enterprises is high owing to the ever-increasing demand for cloud automation, and the trend is expected to continue during the forecast period. Large enterprises are heavily investing in advanced technology to increase the company’s overall productivity and efficiency. With the ever-increasing amount of data, large enterprises need to invest in IT infrastructure and technical expertise for automating various tasks regularly. To reduce CAPEX and OPEX of infrastructure, large enterprises are widely adopting serverless architecture service types. Large enterprises are expected to invest significantly to implement suitable serverless architecture service types which would enable enterprises to save on infrastructure costs, improve business functioning, and sustain in intense competition.

Public cloud segment to record the highest growth rate during the forecast period

Public cloud refers to the cloud computing model in which the resources are accessible to multiple users in sharing through the internet. It is a standard model that enables service providers to grant access to the resources such as applications and storage, available to the public over the internet. The public cloud services may be offered free of cost or on pay-per-use model depending upon the requirements of the end users. The reason for the high adoption of public cloud among cloud storage providers is the ease of access and faster deployment. The public cloud deployment model offers various benefits to the enterprises, such as scalability, reliability, flexibility, and remote location access. Public cloud is more preferred by the enterprises that have less regulatory hurdles and are willing to outsource their storage facilities either fully or partially. The primary concern with public cloud is data security due to which many enterprises are shifting to private and hybrid cloud storage solutions.

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Asia Pacific to be the fastest-growing region during the forecast period

Asia Pacific consists of the fastest growing economies such as China, India, and New Zealand and technologically advanced countries such as Japan and Australia. The region is expected to gain traction in the serverless architecture market, due to benefits such as reduction in maintenance costs and no involvement of physical infrastructure. Many emerging economies in the APAC region are likely to adopt serverless architecture solutions because of their high demands, specifically in the BFSI, retail and eCommerce, healthcare and life sciences industry verticals.

Market Players

Some prominent players across all service types profiled in the serverless architecture market study include Amazon (US), Google (US), Microsoft (US), IBM (US), Oracle (US), Alibaba (China), Cloudflare (US), NTT DATA (Japan), Rackspace (US), TIBCO Software (US), Stackpath (US), Auth0 (US), EnterpriseWeb (US), Kong (US), Serverless (US), Snyk (UK), OpenLegacy (US), Innominds (US), Stackery (US), and Twistlock (US).

About MarketsandMarkets™

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

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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According to market research report on  “Identity Verification Market by Component (Solutions and Services), Deployment Mode, Organization Size, Industry Vertical, and Region (North America, Europe, APAC, Middle East and Africa, Latin America) – Global Forecast to 2024″,published by MarketsandMarkets™, is expected to grow from USD 6.0 billion in 2019 to USD 12.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period.

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143 – Pages  

Identity verification solutions enable organizations to verify the digital identities of new and existing clients quickly.

The solutions use the power of the latest technologies, such as machine learning, face-based biometrics, and AI, to ensure whether an individual is who they claim to be. They are the next-generation of identity authentication solutions that deliver a significantly higher level of assurance and establish trusted identities. The major factors driving the growth of the Identity Verification Market are the increasing emphasis on compliance management, and rising number of identity-related frauds and data breaches.

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North America is estimated to dominate the Identity Verification Marketin 2019

The global Identity Verification Market is segmented by region into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America, being a technologically advanced region, houses the highest number of identity verification vendors. The region has witnessed prominent identity verification solutions implementation across industry verticals, such as Banking, Financial Services, and Insurance (BFSI), retail, healthcare, government, and IT and telecom. As a result, the region is expected to be the largest market for identity verification solutions. Moreover, several APAC industry verticals are investing heavily in the adoption of identity verification solutions to streamline their internal operations and minimize costs.

Among components, the solutions segment is expected to grow at the highest CAGR during the forecast period

The solutions segment is growing at a significant rate, due to the increasing demand for digital identity verification, identity authentication, and ID verification, which include compliance management and fraud prevention. ID verifications help detect digital manipulations with genuine ID images or content, such as names, addresses, date of births, and face photo replacements, with the help of advanced technologies. There is a huge adoption of ID verification solutions across the globe. The market size of the ID verification in the solutions segment is expected to grow at the highest CAGR during the forecast period.

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The services segment is expected to be the fastest market during the forecast period

The Identity Verification Market by component is segmented into solutions and services. The services segment is expected to grow at a higher CAGR from 2019 to 2024. As the market for identity verification solutions is continuing to grow, the market for services associated with identity verification is also expanding. Services offered, whether managed or professional, enable enterprises to safeguard their users and devices from unauthenticated accesses. The market for identity verification services is growing, due to the increasing demand among organizations to offer enhanced customer services and convenience to users.

The report encompasses the different strategies, such as partnerships and collaborations, mergers and acquisitions, and product developments, adopted by the major players to increase their market shares. Some of the major technology vendors in the Identity Verification Market are Experian (Ireland), LexisNexis (US), Equifax (US), Mitek Systems (US), Gemalto (Netherlands), Onfido (England), Trulioo (Canada), Acuant (US), IDEMIA (France), Jumio (US), Authenteq (Iceland), Shufti Pro (UK), IDMERIT (US), iDenfy (Lithuania), and TransUnion (US).

About MarketsandMarkets™

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

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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Email: sales@marketsandmarkets.com

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According to market research report “Data Fabric Market by Type (Disk-Based, In-Memory), Business Applications (Fraud Detection and Security Management, Customer Experience Management, Business Process Management, GRC Management), Service, Vertical and Region – Global forecast to 2022″, The data fabric market is estimated to grow from USD 653.5 Million in 2017 to USD 2,125.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.6%.

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175 – Pages

 
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The major forces driving the data fabric market are increasing volume and variety of business data, emerging need for business agility and accessibility, and growing demand for real-time streaming analytics. The data fabric market is growing rapidly because of the transformation from traditional data management techniques for storage to advanced techniques and massive surge of flowing structured and unstructured data.

Business process management is expected to grow at the highest CAGR

Data fabric software and services are used for various business application including fraud detection and security management; governance, risk, and compliance management; customer experience management; sales and marketing management; and business process management. Business process management is expected to witness the highest CAGR during the forecast period among all applications because of the growing need to manage and analyze business data in real-time with minimal help from the IT team. These technologies are used for various operations across an organization. Moreover, it also helps with resolving operations related issues in real time and the streamlining of operations across industries.

Banking, Financial Services, and Insurance (BFSI) is estimated to have the largest market size in 2017

The data fabric market is also segmented by various industry verticals. Out of these industry verticals, the adoption of data fabric is expected to be the largest in the BFSI vertical as the volume and variety of data is increasing day by day with the growing demand of IT systems for financial transactions in banks and other financial services institutes.

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North America is expected to dominate the data fabric market during the forecast period

North America is expected to hold the largest share of the data fabric market in 2017 due to the technological advancements and early adoption of data management systems in the region. The market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2022. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.

The report also encompasses different strategies, such as mergers and acquisitions, partnerships and collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Denodo Technologies (US), Global IDs (US), IBM Corporation (US), Informatica Corporation (US), NetApp (US), Oracle Corporation (US), SAP SE (Germany), Software AG (Germany), Splunk (US), Talend (US), VMware (US), HP Enterprises (US), Teradata Corporation (US), Trifacta (US), Syncsort (US), and K2View (Israel).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™
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1-888-600-6441
Email: sales@marketsandmarkets.com
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According to market research report “Remote Asset Management Market   by Component (Solutions (APM, Analytics and Reporting) and Services (Professional Services, Managed Services)), Asset Type (Fixed, Mobile), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2025″, published by MarketsandMarkets™,  size is projected to grow from USD 16.5 billion in 2020 to USD 32.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

The major factors driving the growth of the Remote Asset Management Marketinclude surge in the adoption of IoT-enabled remote asset management solutions to manage assets efficiency, decreasing cost of IoT-enabled sensors optimize asset life cycle through remote asset management solutions, and use of predictive maintenance to boost the adoption of remote asset management, thereby reducing the operational cost of remote assets

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245- Tables
50- Figures
257- Pages

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By component, the solutions segment to lead the market during the forecast period

Remote asset management solutions are basically a combination of all processes, assets, workflows, and analytics that offer a centrally consolidated tracking, monitoring, and analytics system for asset-intensive sectors, such as manufacturing, industrial machinery, power and utilities, mining, oil and gas, healthcare, and others. Organizations across verticals are adopting remote asset management solutions, as it enables them to monitor their assets and increase operational efficiency. Maintenance, repair, and operations of assets are of the utmost importance in any asset-intensive industry. The key objective is to maximize the RoI of the current asset base, as well as to reduce the cost. Remote asset management solutions enable organizations to track assets and receive notifications when the maintenance of assets is due. It helps enterprises perform regular maintenance, thereby increasing the productivity of the asset. Remote asset management solutions include solutions, such as Real Time Location System (RTLS), analytics and reporting, Asset Performance Management (APM) (Asset Condition Monitoring (ACM) and predictive maintenance), surveillance and security, network bandwidth management, Mobile Workforce Management (MWM), and others (inventory management and warehouse management).

Asset performance management segment to lead the market during the forecast period

The APM solution helps improve the reliability and availability of assets while minimizing risks and operating costs by reducing downtime of assets and operating them to their peak performance. APM enhances remote asset management by delivering insights at the point of action to minimize unplanned repair work, reduce equipment failure, increase asset availability, and extend asset life without unnecessary costs. It integrates data from plants, financial databases, and operational control systems to gain more insights about assets. APM provides the machine operator with updated information about the health and performance of assets than ever before. Sensors communicate a massive number of data in real time, providing operators the ability to quickly transform raw data into actionable insights, thus preventing potential equipment failure.

Healthcare vertical to grow at a higher CAGR during the forecast period

Remote asset management and tracking have become one of the main priorities in healthcare as it helps saving hospitals both time and money. In a hospital, the physical assets consist of the medical equipment, supplies, infrastructure, and staff and physician services. Many a times patients tend to lose time, money, and patience due to long queues at hospitals waiting for physicians, scanning, beds, and nurses. Remote asset management can effectively reduce these delays and ensure patient satisfaction and profitability for the hospital. Several hospitals tend to lose money due to inefficient remote asset tracking by ordering unwanted supplies, shortage in supply of medicines, and equipment not being serviced on time.

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Asia Pacific to hold the highest market size during the forecast period

APAC, being an emerging economy, is witnessing dynamic changes in the adoption of new technologies and advancements in the Remote Asset Management Market. The Remote Asset Management Marketin APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics, and mobility. The region is one of the biggest markets for connected devices. Several countries in APAC are expected to adopt remote asset management solutions due to the increasing demand in industries, such as building automation, retail, transportation and logistics, healthcare, and utilities industries. With the presence of emerging countries, such as China, Japan, and India, the region is expected to witness high growth in the remote asset management market.

Major vendors operating in the Remote Asset Management Market include Siemens AG (Siemens), AT&T (AT&T), Cisco Systems, Inc. (Cisco Systems), Hitachi Ltd. (Hitachi), Schneider Electric (Schneider Electric), PTC (PTC), Infosys Limited (Infosys), IBM Corporation (IBM), Rockwell Automation, Inc. (Rockwell Automation), SAP (SAP), Verizon (Verizon), Bosch.IO (Bosch.IO), Meridium Inc. (Meridium), Vodafone Group (Vodafone), RapidValue Solutions (RapidValue), RCS Technologies (RCS), EAMbrace (EAMbrace), Accruent (Accruent), ROAMWORKS (ROAMWORKS), and Ascent Intellimation Pvt Ltd. (Ascent Intellimation).

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

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According to new market research report “Wi-Fi Analytics Market by Component, Application (Wi-Fi Presence Analytics and Wi-Fi Marketing Analytics), End Use (Smart Infrastructure, Retail, Sports and Entertainment, and Hospitality), Deployment Model, and Region – Global Forecast to 2024″, The Wi-Fi analytics market size is expected to grow from USD 5.3 billion in 2019 to USD 16.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period.

The factors such as increasing smartphone users and growing smart city deployment are leading to rising public Wi-Fi hotspots, which is expected to fuel the market growth. However, the lack of standardized regulatory compliance worldwide is expected to restrain the market growth.

Browse and in-depth TOC on “Wi-Fi Analytics Market”

59 – Tables

31 – Figures

124 – Pages

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Smart infrastructure is expected to account for the largest market size during the forecast period

Smart infrastructure helps overcome the challenges faced by many cities such as energy management, public transport, and security. This has become possible because of the collection and analysis of accurate data form various sources. To measure such data, smart tools are preferred, and many times, these tools are connected through Wi-Fi. The use of Wi-Fi has increased over the period due to the availability of smart devices and tools that need access to the internet in order to communicate with each other or to perform desired functions. Two companies working in the telecom sector in Singapore, M1 and Infocomm Development Authority (IDA), teamed up to provide Wi-Fi to Singapore’s bus users with green Wi-Fi service.

Solutions segment to constitute a larger market size during the forecast period

The solutions segment outperforms the services segment and would see maturation in the future due to the higher adoption of solutions. These solutions cater particularly to retail stores, hotels, restaurant, and other places pulling venues for analyzing footfall analytics, customer engagement, customer experience management, customer behavior analytics, and customer loyalty management, among others. Moreover, with social Wi-Fi, gaining market traction, businesses can deliver a seamless and personalized consumer experience and retain more customers via omnichannel sales approaches, to gain a competitive advantage.

Wi-Fi analytics helps to improve customer experience through customized, targeted marketing campaigns based on footfall data

Wi-Fi analytics plays a major part in helping companies in customer management. This further improves the efficiency of the company to retain customers for a longer period to gain their loyalty. Combining the Wi-Fi data with operational data provides insight into customer needs, further helping companies to create customized marketing campaigns. These campaigns lead to customer retention through enhanced customer profitability. Customer management applications include customer experience analytics and profitability analytics.

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North America to dominate the market for the next 5 years as the deployment is expected to grow due to the rising adoption of smart wireless technologies in the US and Canada

North America is expected to hold the highest market share and dominate the market from 2019 to 2024, due to the presence of many solution vendors in the US. Canada has the highest internet penetration responsible for the growth of North America. Additionally, favorable vendors and support environment has led to the foundation of a robust Wi-Fi ecosystem in the region. North America is one of the most promising regions across various verticals, such as smart infrastructure, retail, sports and entertainment venues, and hospitality in the Wi-Fi analytics market.

The major vendors offering Wi-Fi analytics solutions globally are Cisco Systems (US), Aruba Networks (US), Purple WiFi (UK), Cloud4Wi (US), Fortinet (US), Ruckus Networks (US), Extreme Networks (US), Yelp (US), Singtel (Singapore), SpotOn (US), Eleven Software (US), Aislelabs (Canada), Flame Analytics (Spain), Aptilo Networks (Sweden), Blix (Australia), SkyFii (Australia), Guest Networks (Canada), Hughes Network System (US), GoZoneWiFI (US), Wefi (US), MetTel (US), WhoFi (US), Presence Aware Tech Ltd (UK), and Bloom Intelligence (US).

About MarketsandMarkets™

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

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

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC. 
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sales@marketsandmarkets.com
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