Speech-to-text API Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to a market research report “Speech-to-text API Market by Component (Software and Services), Application (Fraud Detection & Prevention, Content Transcription, Subtitle Generation), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Speech-to-text API Market is projected to grow from USD 2.2 billion in 2021 to USD 5.4 billion by 2026; it is expected to grow at a CAGR of 19.2% during 2021–2026.

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During the pandemic, many companies experienced a significant increase in pressure from customers, while their number of available employees decreased. Many contact centers were unable to cope with demand or closed because of lockdown restrictions, leading to long delays in customer service queries, which significantly affected the customer experience. As businesses develop a more strategic approach that delivers resilience into operations through the flexibility and scalability while at the same time working to improve operational efficiencies, so speech-to-text API is rising to the forefront of technology enablers.

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Data analytics application builders are seeking medical speech recognition capabilities that help them efficiently and accurately transcribe video and audio containing COVID-19 terminology into text for downstream analytics. For instance, AWS offers Amazon Transcribe Medical, which is a fully managed speech recognition (ASR) service that makes it easy to add medical speech-to-text capabilities to any application. Powered by deep learning, the service offers a ready-to-use medical speech recognition model that users can integrate into a variety of voice applications in the healthcare and life sciences domain. Users can use the custom vocabulary feature to accurately transcribe more specific medical terminologies, such as medicine names, product brands, medical procedures, illnesses, or COVID-19-related terminology.

The services segment to hold higher CAGR during the forecast period

Based on components, the market size of the software segment is expected to hold a larger market share in 2021, while the services segment is projected to grow at a higher CAGR during the forecast period. This can be attributed to the need for determining the time and cost required to install the API/software tools that require fully managed speech-to-text API services. The high growth is attributed to the higher adoption of speech-to-text API solutions across key verticals, such as BFSI, media and entertainment, and retail and eCommerce.

The cloud segment to hold the larger market size during the forecast period

Based on deployment mode the Speech-to-text API Market is bifurcated into on-premises and cloud. The market size and CAGR of the cloud segment are estimated to be higher than the on-premises segment during the forecast period. The cloud technology benefits of easy deployment and minimal capital requirement facilitate the adoption of the cloud deployment model. The adoption of cloud-based speech-to-text API solutions is expected to be supported by the COVID-19 pandemic, as lockdowns and social distancing practices are encouraging companies to move to cloud solutions that can be managed remotely. The increasing demand for scalable, easy-to-use, and cost-effective speech-to-text API solutions is expected to accelerate the growth of the cloud segment in the Speech-to-text API Market.

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

The large enterprises segment is estimated to hold a larger market share in 2021. The growth of the segment is due to increased competition in large enterprises from budding SMEs. Owing to the availability of cost-effective cloud solutions, speech-to-text API solutions and services are expected to witness a prominent growth rate among SMEs during the forecast period.

Healthcare and life sciences vertical is to have the highest CAGR during the forecast period

The healthcare and life sciences segment is projected to grow at the highest CAGR during the forecast period. Speech-to-text API helps financial institutions effortlessly connect with customers to provide an enhanced customer experience. The need for rapid diagnosis, healthcare data analysis, and better patient care is expected to drive the growth of the healthcare and life sciences vertical in the APAC region.

North America to hold the largest market share during the forecast period

In North America is expected to hold the largest market size in 2021. In North America, speech-to-text API/software tools and services are highly effective in most organizations due to the increasing need to extract meaningful insights from voice data to enhance user experience. APAC is expected to hold the largest CAGR during the forecast period, while Latin America and MEA are slowly picking up speech-to-text API due to its benefits for various industries to get user insights.

Key players offering Speech-to-text API Market. The major vendors covered Google (US), Microsoft (US), AWS (US), IBM (US), Verint (US), Baidu (China), Twilio (US), Speechmatics (UK), VoiceCloud (US), VoiceBase (US), Voci (US), Kasisto (US), Nexmo (US), Contus (India), GoVivace (US), GL Communications (US), Wit.ai (US), VoxSciences (US), Rev (US), Vocapia Research (France), Deepgram (US), Otter.ai (US), AssemblyAI (US), Verbit (US), Behavioral Signals (US), Chorus.ai (US), Gnani.ai (India), Sayint.ai (India), and Amberscript (Netherlands).

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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.

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:
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Smart City Platforms Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

According to a market research report “Smart City Platforms Market by Offering (Platforms (Connectivity Management, Integration, Device Management, Security, Data Management) and Services), Delivery Model, Application (Smart Transportation, Public Safety), and Region – Global Forecast to 2026″ published by MarketsandMarkets, the global smart city platforms market size to grow from USD 156.1 billion in 2021 to USD 258.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.6 % during the forecast period. Various factors such as increase in adoption of IoT technology for infrastructure management and city monitoring and exponential rise in urban population are expected to drive the adoption of smart city platforms and services.

In a short time, the COVID-19 outbreak has affected markets and customer behaviors and substantially impacted economies and societies. Healthcare, telecommunication, media and entertainment, utilities, and government verticals function day and night to stabilize conditions and facilitate prerequisite services to every individual. The telecom sector, in particular, is playing a vital role across the globe to support the digital infrastructure of countries amid the COVID-19 pandemic.

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According to Fujitsu’s Global Digital Transformation Survey, offline organizations were damaged more, while online organizations witnessed growth in online demand and an increase in revenue. 69% of the business leaders from online organizations have indicated that they witnessed an increase in their business revenue in 2020. In contrast, 53% of offline organizations saw a drop in revenues.

Innovative IoT-based smart city solutions, which can be effectively coupled with big data, analytics, cloud, security, and network connectivity, are witnessing massive demand from various sectors. The adoption of IoT technology in smart city applications, such as smart utilities and smart citizen services, is expected to raise the adoption of smart city platforms during the pandemic as regulatory authorities of various countries are majorly focused on monitoring health, safety, and living standards of their citizens. To cater to the need for managing IoT devices across various cities, IoT solutions vendors need to enhance the management capabilities of their platforms.

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The platforms segment to hold a larger market size during the forecast period

Smart city platforms enable the integration of various software, devices, sensors, machines, routers, controllers, gateways, and edge-computing systems to streamline business processes and increase operational efficiency. Smart city platforms can be utilized as a technology suite or an open, general-purpose application platform or as both. Smart city platforms are engineered to support the requirements of safety, security, and mission criticality associated with industrial assets and their operating environments. These platforms monitor IoT endpoints and event streams and support and translate a variety of manufacturer and industry proprietary protocols. Smart city platforms enable connectivity between objects or platforms and consist of a variety of important building blocks, such as connectivity and normalization, device management, database, processing and action management, analytics, visualization, and external interfaces. Different smart city platforms considered in the study include connectivity management platform, integration platform, device management platform, security platform, and data management.

Connectivity management platforms segment to account for higher CAGR during the forecast period

The connectivity management platform segment reduce additional costs and operational overheads while delivering an intelligent network of connected things. Moreover, this platform primarily deal with connectivity operations across infrastructure that are carried out through cellular connectivity, Low Power Wide Area Network (LPWAN), and Wi-Fi.The growth of the segment is driven by the ongoing smart city developments, specifically in developing regions. Moreover, connectivity being the backbone of any smart infrastructure, the growth rate of the connectivity management platform segment is relatively high as compared to other platforms.

Professional services segment to hold a larger market size during the forecast period

Professional services are services offered through professionals, specialists, or experts to support business operations. These services include deployment and training, consulting and architecture designing, and infrastructure monitoring and management services. The latest techniques, strategies, and skills adopted by professionals encourage the adoption of smart city platforms. They also offer customized implementation and integration of smart city platforms with legacy solutions and assist customers following industry-defined best practices. As far as deployment services are concerned, vendors cover all phases of platform deployment, right from auditing, consulting, deployment, support, training to ongoing performance optimization.

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Hybrid delivery model segment to have a higher CAGR during the forecast period

In the hybrid delivery model, the deployment of the solution is at the customer’s site, which is similar to the offshore model. Maintenance and upgradations are done at the customer’s site, while some parts of the solutions are handled remotely from the vendor’s site and some from the customer’s site. The hybrid delivery model is highly adopted, owing to the connectivity management and security platforms. In this delivery model, the benefits of both the on-site and offshore models can be harnessed. Moreover, hybrid solutions deliver a wide range of functionalities and core features, fueling the overall adoption of hybrid solutions during the forecast period.

APAC to hold higher CAGR during the forecast period

Asia Pacific is an emerging smart city platform market. China, Japan, and Australia are the major countries contributing to the growth of the market in the region. Asia Pacific also houses other major economies, such as Singapore, South Korea, and India. Japan and China are among the largest manufacturing economies that produce automobiles, information technology products, and electronic products. The smart city platform paradigm has changed considerably with the growing popularity of advanced technologies such as robotics and big data analytics.

Major vendors in the global smart city platforms Alibaba Group Holding Limited (China), Amazon Web Services, Inc. (US), Bosch.IO GmbH (Germany), Quantela, Inc. (US), Cisco Systems, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Fujitsu Limited (Japan), Fybr(US), Google LLC (US), Hitachi, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), International Business Machines Corporation (US), Intel Corporation (US), KaaIoT Technologies, LLC. (US), Microsoft Corporation (US), NEC Corporation (Japan), Oracle Corporation (US), SAP SE (Germany), Schneider Electric(France), SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A. (Spain), Siemens AG (Germany), Sierra Wireless Inc. (Canada), SIRADEL SAS (France), Smarter City Solutions(Australia), NEXT BIG THING LABS S.L. (Spain), Ubicquia, Inc (US). Verdigris Technologies, Inc (US), Softdel (US), Igor, Inc (US), Telensa Inc (UK), Enevo Inc. (US), Confidex Ltd (Finland), 75F(US), Ketos(US), and Cleverciti Systems GmbH (Germany).

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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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Smart Water Management Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to a market research report “Smart Water Management Market by Water Meter (AMR, AMI), Solution (Enterprise Asset Management, Network Management, Smart Irrigation), Service (Professional, Managed), End User (Commercial & Industrial, Residential), and Region – Global Forecast to 2026″ published by MarketsandMarkets, the global Smart Water Management  Market size to grow from USD 13.8 Billion in 2021 to USD 22.4 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

The presence of various key players in the ecosystem has led to competitive and diverse market. The growth of the SWM market is expected to gain traction in the next five years, which can be attributed to factors, such as rapid urbanization generating enormous pressure on water utilities for quality and continuous water supply and related services; rapid adoption of advanced technologies for innovating smart solutions to cater to the growing water industry challenges; rising concern for sustainable living leading to the development of regulations and laws by governments across the globe to reduce water consumption; and developing water treatment solutions. Developed economies across the globe are facing a major challenge in the form of aging infrastructure, which generates a huge demand for its replacement with smart water infrastructure solutions, offering precise control over water resources through real-time data.

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The solution segment to record a larger market share during the forecast period

In Smart water management market by offering the solutions segment is expected to record a larger market share during the forecast period With technology becoming more advanced with time, water utilities are adopting smart solutions to integrate various business processes, accelerating them toward growth. Integrating various advanced technologies with the existing operations helps them increase the operational efficiency of the entire water network even with low infrastructure investment. These technologies and smart infrastructure are used to develop innovative solutions for customers in the smart water industry. During the forecast period, the adoption of smart solutions fare is expected to surge due to the rising awareness about the quality of water, scarcity of natural freshwater resources, rising consumer demands, and technological advancements.

Residential segment is expected to have higher growth rate during the forecast period

By end user the residential segment is expected to have the highest growth rate during the forecast period. The demand for freshwater in residential areas has shown unprecedented growth due to the world’s growing urban population, changing lifestyles, and eating habits leading to higher water consumption. The increase in water consumption is more pronounced in urban settings with high population density with the presence of production industries that contribute toward major water consumption. The rising demand for quality water services is expected to propel the demand for SWM solutions in residential areas. The solutions for SWM in residential areas are more focused on supplying quality water to the consumers, as water and sanitation access rates are higher in residential areas, leading to the rising demand for improved city planning and infrastructure with an efficient water supply and drainage system. In residential areas, the demand for quality water and improved sanitation services is rising due to concerns, such as poor health conditions resulting from contaminated water consumption.

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AMI Meters segment is expected to have a higher growth rate during the forecast period

By Watermeter Type, AMI meters is expected to have a higher growth rate. AMI is a network-based technology that uses two-way communication to communicate data from water meters to a remote metering master office, providing similar benefits to AMR systems. The AMI system comprises a head-end system that combines hardware and software to bring water utility data up to date. It also includes digital smart water meters. However, the fundamental communications network in AMI is bidirectional. AMI supports the collection of meter data more frequently than AMRs, where the data is utilized by the utility for billing, consumption, and usage analysis, and meter control, such as Meter Data Management MDM) and Master Client Index (MCI). In addition to these, AMI also offers water utilities the ability to turn on and off the services from one central location. AMI systems can tie together more utility departments, from engineering and operations departments to asset management and planning departments. AMI is an advanced and smarter system that has built-in tools for the enhancement of customer service and satisfaction. In the coming five years, AMI is set to replace legacy systems in residential, commercial, and industrial setups due to the increasing demand for advanced functionalities and technologies to analyze, store, and utilize a large amount of data.

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Smart Water Management market during the forecast period. Factors responsible for the growth of the North American market are fast technology adoption, a large urban population with rising demands for quality services, and aging infrastructure, which is in serious need of replacement or upgrades. In North America, SWM solutions are being deployed at a rapid pace to address the effects of climate change, water usage patterns, and the management of new man-made contaminants. According to findings by the US Water Alliance, more than 1.6 million Americans face a shortage of running water, indoor plumbing, and wastewater treatment. Along with this, the most pressing issue in the region is the aging infrastructure, which has led cash-strapped water utilities to deploy smart water solutions due to acute water losses from a large number of pipeline leakages, bursts, and outage incidents.

The key and emerging market players in the Smart Water Management Market include Siemens (Germany), IBM (US), ABB (Switzerland), Honeywell Elster (US), Schneider Electric (France), Itron (US), SUEZ (France), Oracle (US), Landis+Gyr (Switzerland), Trimble Water (US), HydroPoint (US), i2O Water (UK), Xenius (India), Neptune Technology (US), Takadu (Israel), Badger Meter (US), AquamatiX (UK), Fluid (US), Lishtot (Israel), Elentec (UK), Syrinix (UK), CityTaps (France), FREDsense (Canada), Fracta (US), and Xylem (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Smart Water Management.

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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.Contact:
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MarketsandMarkets™ INC.
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Management Decision Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to market research report “Management Decision Market by Software, Service, Deployment Type, Function (Credit Risk Management, Collection Management, Customer Experience Management), Organization Size, Industry, and Region – Global Forecast to 2026″, published by MarketsandMarkets™,  the global Management Decision Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period, to reach USD 9.0 billion by 2026 from USD 4.8 billion in 2021. Key factors that are expected to drive the growth of the market are the rising need to improve the quality of decisions and achieve business agility with enhanced effectiveness, growing need for faster operational decisions and improve process efficiency, and compelling need to manage regulatory and compliance standards. These factors are driving the demand for management decision.

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314- Tables
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287- Pages

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Services segment to hold a larger market size during the forecast period

The services segment for Management Decision Market is expected to grow at a higher CAGR due to the need of deployment and integration, support and maintenance, and consulting services for ensuring smooth functioning of business decision management software solutions. These services help in enhancing business agility with improved and intelligent decision-making capabilities and support. The services ensure compliance standards by providing explainable decision tree-based strategies that better meet the organizations goals and constraints, built using powerful and interpretable optimization models and frameworks. Enterprises need active support from skilled professionals to minimize their management decision software downtime during the pre-and post-installation of solutions. These services provide the support needed to uphold the efficiency of business processes, increase enterprise growth, and reduce unwanted IT expenses.

SMEs segment to grow at the highest CAGR during the forecast period

Enterprises with less than 1,000 employees are defined as SMEs. These enterprises face greater challenges of a limited budget than large enterprises and require better methods to resolve complexities for improving the cost optimization of their business processes. However, the SMEs segment is expected to grow at a higher CAGR during the forecast period. Due to the limited budget, SMEs mostly prefer cloud-based solutions over on-premises solutions, and this adoption trend is expected to accelerate in the years to come, enabling the cloud deployment type to have a considerable market size during the forecast period. Moreover, SMEs use management decision software for enhanced decision making, which provides enhanced insights from the business data repository leading to more relevant and personalized business decision-making in near real-time with reduced time and cost. These factors are also expected to encourage more SMEs to adopt management decision software and services at a rapid pace. This segment has a huge potential and will continue to flourish in the Management Decision Market in the coming years.

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Energy and utilities industry vertical to grow at the highest CAGR during the forecast period

Energy and utilities is one of the fastest-growing verticals with respect to the adoption of advanced technologies and services in terms of the Management Decision Market. Management decision software provides a next-generation advanced analytics platform that can help any business operating within the energy and utility lifecycle transform capabilities such as demand and load forecasting, energy pricing and analysis, customer onboarding and lifecycle management, and internal operations such as predictive maintenance (AI/ML).

North America to account for the highest market share during the forecast period

The Management Decision Market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The management decision report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall Management Decision Market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period. High need to improve decision making quality with enhanced business agility and meet compliance standards is expected to drive the North American and European markets. APAC and MEA are also expected to witness high growth rates during the forecast period.

The Management Decision Market comprises major providers, such as IBM (US), FICO (US), SAS (US), Oracle (US), Pegasystems (US), TIBCO Software (US), Sapiens International Corporation (Israel), Experian (Ireland), Equifax (US), Actico (Germany), Parmenides (Germany), Decision Management Solutions (US), OpenRules (US), Sparkling Logic (US), Scorto (Netherland), RapidGen (UK), Progress (US), InRule (US), CRIF (Italy), Decisions (US), Enova Decisions (US), FlexRule (Australia), Rulex (US), Seon (UK), and Decisimo (UK). The study includes an in-depth competitive analysis of key players in the Management Decision Market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

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:
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MarketsandMarkets™ INC.
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Customer Experience Management Market Size, Share and Global Forecast to 2026 : MarketsandMarkets

According to a new market research report “Customer Experience Management Market with COVID-19 Impact, by Component (Solutions, Services), Touchpoint, Deployment Type, Organization Size, Vertical (Travel and Hospitality, BFSI, Retail, Healthcare, IT and Telecom), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Customer Experience Management Market size to grow from USD 9.5 Billion in 2021 to USD 16.9 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period. CEM has changed the way organizations interact with their employees and customers. It provides insights for day-to-day decision-making, thereby resulting in enhanced operational efficiency, optimized business outcomes, and increased customer satisfaction.

The transformation enables innovation and creativity in a particular domain, rather than simply improving and supporting traditional methods. CEM is rapidly gaining traction as enterprises seek solutions, technologies, and platforms to transform operating processes and business models. For example, online services are now firmly established in the banking and financial sectors, resulting in the proliferation of online activities and websites.

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282- Pages

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The services to record a higher growth rate during the forecast period

In the Customer Experience Management Market by component, the services is expected to record a higher growth rate during the forecast period. The overall services segment has a major influence on the Customer Experience Management Market’s growth. These services assist end users in reducing overall costs, increasing overall revenues, and improving business performance. With the help of these services, organizations can track, evaluate, and analyze the requirements of their business to make better-informed decisions.

Large Enterprises are expected to hold a larger market share during the forecast period

By Organization size, large enterprises are expected to hold the largest market size during the forecast period, as compared to SMEs. Large enterprises deploy CEM solutions to enhance their CE and satisfaction. Large enterprises encompass distributed data related to customers scattered across different departments and are, hence, opting for cloud-based CEM solutions to gain valuable insights from this data. The adoption of CEM solutions helps large enterprises enhance customer interaction and loyalty. Large enterprises are keen on investing in new and latest technologies such as artificial intelligence (AI), big data, and machine learning to automate the customer engagement process.

Cloud deployment mode is expected to have a higher growth rate during the forecast period

By Deployment Mode, cloud is expected to have a higher growth rate in 2021, compared to on-premises deployment mode. Cloud-based CE solutions are preferred over traditional systems as they are effective and compatible in addressing the rising level of customer expectations. Besides reducing costs associated with upgrading and updating CE solutions, cloud deployments also help organizations integrate technologies to provide a better CE to their customers.

Healthcare sector is expected to have a higher growth rate during the forecast period

By Verticals, Healthcare sector is expected to have a higher growth rate during 2021-2026. In the healthcare vertical, consumer expectations and demographics evolve and influence the desire to seek more detailed information about their health. A great difficulty comes when there is a mismatch between the different communication channels consumers use and the limited ways with which healthcare organizations can interact with customers. Many consumers expect a different experience and set of interactions with their health care providers than they have in the past, and this is a fact across age groups and customer segments. If health care providers do not completely use the customer-driven encounters, they can be at a high risk of losing their market share.

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North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Customer Experience Management Market during the forecast period. The region constitutes developed economies, such as the US and Canada, which have fairly adopted the latest instruments in domains such as customer data analytics and real-time reporting, besides incorporating advanced technologies such as machine learning and AI; this makes organizations in these economies excel in the Customer Experience Management Market space. North America is a front-runner when talking about digital advancement and technology adoption.

The key and emerging market players in the Customer Experience Management Market include Adobe (US), IBM (US), Oracle (US), Avaya (US), Nice (Israel), Nokia (Finland), SAP (Germany), OpenText (Canada), Tech Mahindra (India), Verint Systems (US), Zendesk (US), Teradata (US), Sprinklr (US), Medallia (US), InMoment (US), SAS (US), Clarabridge (US), Sitecore (US), NGDATA (Belgium), Amperity (US), Mixpanel (US), Segment.io (US), ZephyrTel (US), MindTouch (US), Algonomy (US), and SoGoSurvey (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Customer Experience Management Market.

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, “Knowledge Store” 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.
630 Dundee Road
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Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/customer-experience-management.asp
Report: https://www.marketsandmarkets.com/Market-Reports/customer-experience-management-cem-market-543.html

Trade Management Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to a market research report “Trade Management Market by Component (Solutions and Services), Deployment Type (On-Premises and Cloud), Organization Size, Vertical (Transportation and Logistics, Government and Public, Healthcare and Life Sciences), and Region – Global Forecast to 2026″, published by MarketsandMarkets™,  the global Trade Management Market size to grow from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.0% from 2021 to 2026.

increasing volume of international trade, emerging trend of digitization, government regulations and compliances, to boost the growth of Trade Management Market across the globe during the forecast period.

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295- Pages

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By deployment mode, on-premises segment to hold the largest market size during the forecast period

The on-premises deployment is the traditional deployment method. In the on-premises deployment, an enterprise has complete control over solutions, as solutions are physically implemented on the premises. One of the major reasons why enterprises are still adopting on-premises deployment is the enhanced control over solutions. Large enterprises that have the resources and capabilities to manage trade management solutions in-house opt for the on-premises deployment.

In vertical, manufacturing to grow at the highest CAGR during the forecast period

Manufacturing industries, such as automobiles, computer and electronic product manufacturers, textile mills, and metal manufacturers, operate globally and rely heavily on global trade for the supply of raw materials and distribution of finished products. Most of the manufacturing plants have been set up in developing countries, such as India, China, and Brazil, due to low labor costs and the easy availability of raw materials while these finished products are traded in the mature regions, such as the US, the UK, and Germany. Hence, it is a challenge for the manufacturing industries to track suppliers and shipments while complying with the rules and regulations of different countries. Trade management solutions offer manufacturing industries an efficient platform to collaborate with many suppliers across regions while also allowing them to track and monitor shipments. Manufacturing companies are highly involved in international trade as companies set up their manufacturing plants in developing countries that offer low labor costs while shipping the end products to different countries across locations. Hence, manufacturing companies are potential contributors to the Trade Management Market.

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In region, APAC to grow at the highest CAGR during the forecast period

APAC is emerging as the world’s growing economy due to the increased spending in different verticals, such as manufacturing, healthcare and life sciences, aerospace and defense, and transportation and logistics. The APAC countries are the major engine to the growth by increasing their exports as well as the foreign trade investments. The countries in APAC are developing countries; this is the reason for increasing exports, which results in a jump in GDP. This would further result in rising living standards and many people rising out of poverty. APAC comprises major economies, such as China, Philippines, India, Japan, Singapore, Malaysia, and Australia. Major companies operating in different domains are keen on investing and exploring prospective markets and new avenues in this region. Hence, it is expected to drive the growth of the international trade in the region and subsequently create prospects for GTM vendors to facilitate GTM in APAC.

Major vendors in the global Trade Management Market include Oracle (US), Infor (US), Thomson Reuters (Canada), Livingston International (Canada), Aptean (US), SAP (Germany), Noatum Logistics (US), E2Open (US), Descartes (Canada), Cargowise (US), Expeditors (US), BDP International (US), Accuity (US), QAD Precision (US), 3rdwave (Canada), AEB (Germany), Shipsy (India), Bamboo Rose (US), Bolero International (UK), MIC Customs Solution (UK), OCR Services (US), Webb Fontaine (UAE), Neurored (Europe), 4PL Consultancy (UK), Global Custom Compliance (China), Vigilant Global Trade Services (US), Centrade (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, “Knowledge Store” 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.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/trade-management.asp
Report: https://www.marketsandmarkets.com/Market-Reports/trade-management-market-70680100.html

Smart Warehousing Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

According to a new market research report “Smart Warehousing Market by Component (Hardware, Solutions, and Services), Technology (IoT & Analytics, RFID, AGV), Application (Inventory Management, Order Management), Organization Size, Deployment Mode, Vertical, and Region – Global Forecast to 2026″, published by MarketsandMarkets™,  the global Smart Warehousing Market size to grow from USD 14.8 billion in 2021 to USD 25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period. Various factors such as the proliferation of smartphones for faster goods management, the rising advancement in the eCommerce industry due to the onset of the COVID-19 pandemic, the emergence of multi-channel distribution networks, and the dynamic nature and globalization of supply chain networks are expected to drive the adoption of smart warehousing hardware, solutions, and services. However, the market faces restraints, such as a lack of uniform governance standards in the fragmented logistics industry and growing data security and privacy concerns.

The COVID-19 pandemic disrupted global supply chains has overtaken and impacted both supply and demand at a higher pace. But the impact of COVID on the warehouse is going to have long and lasting effects. As the virus spreads throughout the world, there is an outbreak or transportation delay in one part of the world that would have a devastating impact across the globe, causing shutdowns due to warehouse closures or missing or delayed supplies. At the warehouse, some organizations were left with excess inventory they could not ship sitting in inventory and few other firms were at a standstill as they waited to receive inventory at their depleted warehouse. Some industries witnessed unprecedented demand while other industries saw the demand fall, leading to a negative impact on the overall Smart Warehousing Market. Post COVID-19, warehouse and supply chain sectors have adopted and implemented automation technologies, such as Assisted Guided Vehicles (AGV), forklift automation, robotics, and smart sorting to enable businesses to thrive amid today’s changing conditions.

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470 Figures
301- Pages

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The on-premises segment to hold the larger market size during the forecast period

Deployment mode segment for the Smart Warehousing Market are segmented into cloud and on-premises. On-premises segment to hold larger market share during the forecast period. Highly secure data encryption and the complete data visibility and control feature boost the adoption of on-premises-based smart warehousing solutions across verticals, such as retail and eCommerce, transportation and logistics, and manufacturing, to have better and efficient warehouse operations.

AI in warehouse segment to account for the highest CAGR during the forecast period

The Smart Warehousing Market is segmented on the basis of the technology, which include IoT and Analytics, AI in warehouse, RFID, Automated Guided Vehicles (AGV), blockchain, and others (AR, security, Wi-Fi, and voice recognition). The AI in warehouse segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing need to enhance the overall productivity with minimal errors

The increasing usage of AI and ML technology with smart warehouse solutions ensures effective inventory process and enhanced route optimization.

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

The Smart Warehousing Market has been segmented by organization size into large enterprises and SMEs. The market for SMEs is expected to register a higher CAGR during the forecast period as cloud-based solutions and services help them improve business performance and enhance productivity. Whereas the large enterprises segment is expected to hold a larger market share in the Smart Warehousing Market during the forecast period. Large enterprises have already started implementing smart warehousing solutions and are focusing on implementing advanced technologies for managing the overall supply chain management process across channels. The availability of smart warehousing technologies such as RFID, IoT and analytics, and AI will enable large enterprises to handle complex inventory processes.

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Healthcare and life sciences vertical is to have the highest CAGR during the forecast period

The healthcare and life sciences vertical is expected to grow at the highest CAGR in the Smart Warehousing Market during the forecast period. The traceability and proper scanning of items for genuineness and preventing counterfeiting encourage healthcare companies to improve their warehousing practices. With the help of smart warehousing solutions, healthcare companies can efficiently handle their warehousing activities to enhance productivity.

North America to hold the largest market share during the forecast period

North America is estimated to have the largest market size in 2021, followed by Europe; this growth can be attributed to the technological upgrades in these regions. Being an early adopter of technologies, North America is an innovation hub and is expected to present strong opportunities for smart warehousing vendors to expand in this market. However, APAC is projected to grow at the highest Compound Annual Growth Rate (CAGR) due to the rapid rise in technology adoption across verticals to), enhance customer experience and productivity. The adoption of smart warehousing hardware, solutions, and services is expected to rise in MEA and Latin America due to the growing demand for automating warehouse processes for improved productivity, efficiency, and accuracy. The smart warehouse solutions that are implemented provide flexibility and enhance the capability of employees.

Key players offering Smart Warehousing Market. The major vendors covered are Oracle ( US), SAP (Germany), Manhattan (US), PSI Logistics (Germany), PTC (US), Tecsys (Canada), Reply (Italy), IBM (US), Infor (US), Korber (Germany), Generic (France), Microlistics (Australia), Blue Yonder (US), Vinculum (India), Epicor (US), Softeon (US), 3PL Central (US), Synergy Logistics (US), BlueJay Solutions (US), Mantis (US), WareIQ (India), Foysonis (US), Logiwa (US), Increff (India), Locus Robotics (US), ShipHero (US), Orderhive US), EasyEcom (India), Unicommerce (India), and IAM Robotics (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, “Knowledge Store” 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.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/smart-warehousing.asp
Report:  https://www.marketsandmarkets.com/Market-Reports/smart-warehousing-market-199732421.html

Crypto Asset Management Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to a new market research report “Crypto Asset Management Market by Solution (Custodian and Wallets), Application Type (Web-based and Mobile-based), End User (Individuals and Enterprises (Institutions (BFSI, Hedge Funds), Retail and eCommerce)), and Region – Global Forecast to 2026″, published by MarketsandMarkets™,  the global Crypto Asset Management Market size is projected to grow from USD 0.4 billion in 2021 to USD 1.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. The increasing venture capital funding and growing investments in crypto asset management technology are expected to enhance the use of crypto asset management solutions across the globe.

Browse in-depth TOC on “ Crypto Asset Management Market”
147- Tables
74 Figures
206- Pages

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By end user, Individual User is expected to lead the Crypto Asset Management Market during the forecast period

With a rise in the cryptocurrency users across the globe, the potential customer base for crypto asset management solutions has also increased. Individual users use mobile phones primarily for entertainment and utility purposes. Multiple utility mobile applications help the individual user organize and manage day-to-day tasks. Some of these applications require access to some of the user’s personal data. With the advent of social media, large amount of personal sensitive data is also stored on these mobile devices. With a significant amount of sensitive data stored online, many individual users opt for crypto asset management solutions to protect their data, whereas large number of individuals still do not opt for premium security software. However, with the increasing awareness about potential cyber threats, the adoption of crypto asset management solutions is rising across the individual end user segment.

Based on enterprise vertical, institutions segment to lead the Crypto Asset Management Market during the forecast period

Institutional clients are the major contributors to the growth of Crypto Asset Management Market. The financial firms are adopting crypto asset management solutions for safeguarding their crypto assets and streamline exchange and trading processes. Over the last few years, custodian solution has garnered more attention among leading financial firms, particularly hedge funds and investment funds. The crypto asset management platform offers custody for cryptocurrency, and processes transactions with greater safety. The platform has the capability to manage multiple accounts without compromising security. As per wallet service providers, cryptocurrency is gaining attention from financial firms, businesses, and government authorities.

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

Mass adoption of Bitcoins and Ethereum is prevalent among customers in North America. The institutions are heavily investing and trading via Bitcoin and altcoins in the US and Canada. Cryptocurrency has been prevalent over the last few years owing to the advancements in the use of blockchain technology. The US is home to several blockchain projects and platform providers, leading to heavy cryptocurrency trading and crypto fund. Large financial institutions in the US are leveraging the capabilities of blockchain to launch their own digital currencies.

Market Players

Key and innovative vendors in the Crypto Asset Management Market include Coinbase, Inc. (US), Gemini Trust Company, LLC. (US), Crypto Finance AG (Germany), Vo1t Ltd (UK), Bakkt, LLC (US), BitGo, Inc. (US), Ledger SA (France), METACO SA (Switzerland), Iconomi Ltd. (UK), EXODUS MOVEMENT, INC. (US), Xapo, Inc. (Switzerland), Paxos Trust Company, LLC. (US), Koine Money Ltd (England), Amberdata, Inc. (US), Tradeium Capital, LLC. (Germany), Opus Labs CVBA (Belgium), Kryptographe Inc (UK), and others.

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, “Knowledge Store” 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.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/crypto-asset-management.asp

Report: https://www.marketsandmarkets.com/Market-Reports/crypto-asset-management-market-201925303.html

Customer Experience Management Market Size, Share and Global Forecast to 2026 | MarketsandMarkets

According to a new market research report “Customer Experience Management Market with COVID-19 Impact, by Component (Solutions, Services), Touchpoint, Deployment Type, Organization Size, Vertical (Travel and Hospitality, BFSI, Retail, Healthcare, IT and Telecom), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Customer Experience Management Market size to grow from USD 9.5 Billion in 2021 to USD 16.9 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period. CEM has changed the way organizations interact with their employees and customers. It provides insights for day-to-day decision-making, thereby resulting in enhanced operational efficiency, optimized business outcomes, and increased customer satisfaction.

The transformation enables innovation and creativity in a particular domain, rather than simply improving and supporting traditional methods. CEM is rapidly gaining traction as enterprises seek solutions, technologies, and platforms to transform operating processes and business models. For example, online services are now firmly established in the banking and financial sectors, resulting in the proliferation of online activities and websites.

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312- Tables

54 Figures

282- Pages

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The services to record a higher growth rate during the forecast period

In the Customer Experience Management Market by component, the services is expected to record a higher growth rate during the forecast period. The overall services segment has a major influence on the Customer Experience Management Market’s growth. These services assist end users in reducing overall costs, increasing overall revenues, and improving business performance. With the help of these services, organizations can track, evaluate, and analyze the requirements of their business to make better-informed decisions.

Large Enterprises are expected to hold a larger market share during the forecast period

By Organization size, large enterprises are expected to hold the largest market size during the forecast period, as compared to SMEs. Large enterprises deploy CEM solutions to enhance their CE and satisfaction. Large enterprises encompass distributed data related to customers scattered across different departments and are, hence, opting for cloud-based CEM solutions to gain valuable insights from this data. The adoption of CEM solutions helps large enterprises enhance customer interaction and loyalty. Large enterprises are keen on investing in new and latest technologies such as artificial intelligence (AI), big data, and machine learning to automate the customer engagement process.

Cloud deployment mode is expected to have a higher growth rate during the forecast period

By Deployment Mode, cloud is expected to have a higher growth rate in 2021, compared to on-premises deployment mode. Cloud-based CE solutions are preferred over traditional systems as they are effective and compatible in addressing the rising level of customer expectations. Besides reducing costs associated with upgrading and updating CE solutions, cloud deployments also help organizations integrate technologies to provide a better CE to their customers.

Healthcare sector is expected to have a higher growth rate during the forecast period

By Verticals, Healthcare sector is expected to have a higher growth rate during 2021-2026. In the healthcare vertical, consumer expectations and demographics evolve and influence the desire to seek more detailed information about their health. A great difficulty comes when there is a mismatch between the different communication channels consumers use and the limited ways with which healthcare organizations can interact with customers. Many consumers expect a different experience and set of interactions with their health care providers than they have in the past, and this is a fact across age groups and customer segments. If health care providers do not completely use the customer-driven encounters, they can be at a high risk of losing their market share.

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North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Customer Experience Management Market during the forecast period. The region constitutes developed economies, such as the US and Canada, which have fairly adopted the latest instruments in domains such as customer data analytics and real-time reporting, besides incorporating advanced technologies such as machine learning and AI; this makes organizations in these economies excel in the Customer Experience Management Market space. North America is a front-runner when talking about digital advancement and technology adoption.

The key and emerging market players in the Customer Experience Management Market include Adobe (US), IBM (US), Oracle (US), Avaya (US), Nice (Israel), Nokia (Finland), SAP (Germany), OpenText (Canada), Tech Mahindra (India), Verint Systems (US), Zendesk (US), Teradata (US), Sprinklr (US), Medallia (US), InMoment (US), SAS (US), Clarabridge (US), Sitecore (US), NGDATA (Belgium), Amperity (US), Mixpanel (US), Segment.io (US), ZephyrTel (US), MindTouch (US), Algonomy (US), and SoGoSurvey (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global Customer Experience Management Market.

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, “Knowledge Store” 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.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/customer-experience-management.asp
Report: https://www.marketsandmarkets.com/Market-Reports/customer-experience-management-cem-market-543.html

Smart Warehousing Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

According to a new market research report “Smart Warehousing Market by Component (Hardware, Solutions, and Services), Technology (IoT & Analytics, RFID, AGV), Application (Inventory Management, Order Management), Organization Size, Deployment Mode, Vertical, and Region – Global Forecast to 2026″, published by MarketsandMarkets™,  the global Smart Warehousing Market size to grow from USD 14.8 billion in 2021 to USD 25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period. Various factors such as the proliferation of smartphones for faster goods management, the rising advancement in the eCommerce industry due to the onset of the COVID-19 pandemic, the emergence of multi-channel distribution networks, and the dynamic nature and globalization of supply chain networks are expected to drive the adoption of smart warehousing hardware, solutions, and services. However, the market faces restraints, such as a lack of uniform governance standards in the fragmented logistics industry and growing data security and privacy concerns.

The COVID-19 pandemic disrupted global supply chains has overtaken and impacted both supply and demand at a higher pace. But the impact of COVID on the warehouse is going to have long and lasting effects. As the virus spreads throughout the world, there is an outbreak or transportation delay in one part of the world that would have a devastating impact across the globe, causing shutdowns due to warehouse closures or missing or delayed supplies. At the warehouse, some organizations were left with excess inventory they could not ship sitting in inventory and few other firms were at a standstill as they waited to receive inventory at their depleted warehouse. Some industries witnessed unprecedented demand while other industries saw the demand fall, leading to a negative impact on the overall Smart Warehousing Market. Post COVID-19, warehouse and supply chain sectors have adopted and implemented automation technologies, such as Assisted Guided Vehicles (AGV), forklift automation, robotics, and smart sorting to enable businesses to thrive amid today’s changing conditions.

Browse in-depth TOC on “Smart Warehousing Market”
286- Tables
470 Figures
301- Pages

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199732421

The on-premises segment to hold the larger market size during the forecast period

Deployment mode segment for the Smart Warehousing Market are segmented into cloud and on-premises. On-premises segment to hold larger market share during the forecast period. Highly secure data encryption and the complete data visibility and control feature boost the adoption of on-premises-based smart warehousing solutions across verticals, such as retail and eCommerce, transportation and logistics, and manufacturing, to have better and efficient warehouse operations.

AI in warehouse segment to account for the highest CAGR during the forecast period

The Smart Warehousing Market is segmented on the basis of the technology, which include IoT and Analytics, AI in warehouse, RFID, Automated Guided Vehicles (AGV), blockchain, and others (AR, security, Wi-Fi, and voice recognition). The AI in warehouse segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing need to enhance the overall productivity with minimal errors

The increasing usage of AI and ML technology with smart warehouse solutions ensures effective inventory process and enhanced route optimization.

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

The Smart Warehousing Market has been segmented by organization size into large enterprises and SMEs. The market for SMEs is expected to register a higher CAGR during the forecast period as cloud-based solutions and services help them improve business performance and enhance productivity. Whereas the large enterprises segment is expected to hold a larger market share in the Smart Warehousing Market during the forecast period. Large enterprises have already started implementing smart warehousing solutions and are focusing on implementing advanced technologies for managing the overall supply chain management process across channels. The availability of smart warehousing technologies such as RFID, IoT and analytics, and AI will enable large enterprises to handle complex inventory processes.

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=199732421

Healthcare and life sciences vertical is to have the highest CAGR during the forecast period

The healthcare and life sciences vertical is expected to grow at the highest CAGR in the Smart Warehousing Market during the forecast period. The traceability and proper scanning of items for genuineness and preventing counterfeiting encourage healthcare companies to improve their warehousing practices. With the help of smart warehousing solutions, healthcare companies can efficiently handle their warehousing activities to enhance productivity.

North America to hold the largest market share during the forecast period

North America is estimated to have the largest market size in 2021, followed by Europe; this growth can be attributed to the technological upgrades in these regions. Being an early adopter of technologies, North America is an innovation hub and is expected to present strong opportunities for smart warehousing vendors to expand in this market. However, APAC is projected to grow at the highest Compound Annual Growth Rate (CAGR) due to the rapid rise in technology adoption across verticals to), enhance customer experience and productivity. The adoption of smart warehousing hardware, solutions, and services is expected to rise in MEA and Latin America due to the growing demand for automating warehouse processes for improved productivity, efficiency, and accuracy. The smart warehouse solutions that are implemented provide flexibility and enhance the capability of employees.

Key players offering Smart Warehousing Market. The major vendors covered are Oracle ( US), SAP (Germany), Manhattan (US), PSI Logistics (Germany), PTC (US), Tecsys (Canada), Reply (Italy), IBM (US), Infor (US), Korber (Germany), Generic (France), Microlistics (Australia), Blue Yonder (US), Vinculum (India), Epicor (US), Softeon (US), 3PL Central (US), Synergy Logistics (US), BlueJay Solutions (US), Mantis (US), WareIQ (India), Foysonis (US), Logiwa (US), Increff (India), Locus Robotics (US), ShipHero (US), Orderhive US), EasyEcom (India), Unicommerce (India), and IAM Robotics (US).

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