A2P Messaging Market Size, Share and Global Market Forecast to 2025 | MarketsandMarkets

According to market research report on “A2P Messaging Market by Component (Platform and A2P Service), Application (Authentication, Promotional and Marketing, and CRM), Deployment Mode, SMS Traffic (National and Multi-Country), End User, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the A2P Messaging Marketsize to grow from USD 62.1 billion in 2020 to USD 72.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period. The global A2P Messaging Market shows a significant growth in the forecast period.

The A2P messaging services are used in various applications, such as, promotional campaigns by enterprises in order to promote events, brands, and other activities. Promotional and Marketing services, which include messaging-enabled services that can be availed by users by feeding in certain information, is also gaining traction in the emerging regions, such as APAC and MEA, owing to the growing customer base of mobile phones.

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The major end-users of the A2P Messaging Market include banking and financial institutions, gaming, retail & e-commerce, hyper local businesses and healthcare. A2P messaging services are also used for applications, such as mass voting for contests, announcements, charity and other such uses, which necessitate establishing a wide communication channel between the sender and the receiver.

Factors contributing to the high growth rate in these regions are growing number of mobile subscribers, increasing number of advertising and marketing companies, and growing use of A2P messaging among major industries. These factors are also expected to shape the future of the global A2P Messaging Market. However, the market also faces several challenges, including the increasing competition from global OTT vendors, and SMS fraudulent activities, such as SMS phishing, and SMS spamming.

Among vertical, the BFSI segment is expected to dominate the market during the forecast period

Based on vertical, the BFSI segment of the A2P Messaging Market is projected to hold a larger market size during the forecast period. Increasing subscriber base brings an opportunity for the BFSI industry to engage with their consumers. A2P messaging solution helps them to connect and build a robust connection with customers, from announcing transaction details, and consumer activities, related to retail banking and for and assisting consumers with their needs. Due to constant growth in the number of internet users and the proliferation of Smartphone’s, tech-savvy consumers expect quick service. A2P messaging is witnessing huge growth in BFSI sector.

By deployment mode, on-premises segment to record a higher growth rate during the forecast period

By deployment mode, on-premises segment segment is expected to record a higher growth rate during the forecast period. The on-premises segment and deployment mode is adopted by players who can install the platform at their own end without taking the service from a cloud service provider. In A2P Messaging Market, most end users take the platform from SMS aggregators who service from cloud service providers. There are very few end users who choose on-premise mode of deployment and therefore, the cloud segment holds a large market share leading to on-premises segment growing at a higher CAGR.

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Asia Pacific to record the highest growth during the forecast period

The APAC A2P Messaging Market is estimated to have strong growth in the future. Due to a massive mobile subscriber base, enterprises in this region are becoming more competitive and focusing on offering better customer service in A2P messaging solutions. Thus, the untapped potential of this region is attracting investments by major companies. The growth in the APAC region is primarily attributed to potential opportunities available for advertisers in APAC, given the high concentration of feature mobile phones in this region. Moreover, several multinational companies are focusing on expanding their business in countries across the APAC. This offers potential growth opportunities for A2P SMS providers to increase brand awareness of business organizations.

Market Players

Major vendors in the A2P Messaging Market include AT&T(US) ,Sinch(Sweden), China Mobile (China), Infobip(UK), Orange (France), Route Mobile (India), Comviva (India), Twilio(US), BICS (Belgium), Monty Mobile (UK), Syniverse (US), Global Message Services (Switzerland), Tyntec(UK), Silverstreet (Singapore),Vonage (US), Genesys (US), TATA Communications(India),Cequens (Egypt),Mitto(Switzerland),ClearSky Technologies (US), Sify Technologies (India), MSG91 (India), Textlocal (UK), Clickatell (US), Kaleyra (Italy), MessageBird (The Netherlands).

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Artificial Intelligence Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to new market research report “Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing), Deployment Mode, Organization Size, Business Function (Law, Security), Vertical, and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Artificial Intelligence Market size to grow from USD 58.3 billion in 2021 to USD 309.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 39.7% during the forecast period.

Various factors such as growth of data-based AI and advancement in deep learning and need to achieve robotic autonomy to stay competitive in a global market are expected to drive the adoption of the AI solutions and services.

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COVID-19 is disrupting the world, businesses, and economies, impacting the livelihood of people, their interactions, education systems, and the way people manage their businesses. The ability to sustain has become the new normal as enterprises are concentrating on implementing drastic measures to mitigate the impact of the COVID-19 pandemic. The development of AI solutions has witnessed a slow growth in the first half of 2020 due to the global lockdown. However, the adoption of AI solutions is expected to increase tremendously during the forecast period. A wide range of tools and solutions are being adopted during the pandemic to detect and enforce social distancing and limit the spread of COVID-19. The competition among major AI companies is expected to be furious as new opportunities for AI solutions have grown due to remote work and remote education. New practices such as work from home and social distancing are creating the need for remote monitoring, smart payment technologies, and building the digital infrastructure for large-scale deployments. With a sudden surge in remote workers and online learners, there is an increase in the demand for advanced AI solutions and services.

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The services segment to hold higher CAGR during the forecast period

Based on components, the Artificial Intelligence Marketis segmented into hardware, software, and services. The software segment of the report is sub segmented into application programming interface (API) and ML framework, the hardware segment is bifurcated into processor, memory, and network, whereas the services segment is segmented into deployment and integration, and support and maintenance. The services segment is expected to account for higher CAGR during the forecast due to the growing use of AI and analytics for policymaking, environmental analysis, and real-time decision-making.

The ML segment to have larger market size during the forecast period

The AI market has been segmented by technology into ML, NLP, context-aware computing, and computer vision. The market share of ML technology is higher attributed to the enormous availability of data, also called big data, and the increasing adoption of ML by enterprises and federal agencies to gain useful insights.

Healthcare and Life Sciences segment to have the higher CAGR during the forecast period

The AI market by vertical has been categorized into 8 different verticals, namely, BFSI, retail and ecommerce, automotive, government and defense, healthcare and life sciences, telecom and IT, energy and utilities, manufacturing, and others (education, media and entertainment, and travel and hospitality). Factors such as the presence of a large volume of imaging data, advantages offered by AI systems to radiologists in diagnosis and treatment management, and the influx of a large number of start-ups in this segment are fueling the growth of healthcare and life sciences segment in Artificial Intelligence Market.

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North America to account for larger market size during the forecast period

The AI market is segmented into five geographic regions: North America, Europe, APAC, MEA, and Latin America. Among these regions, North America is projected to hold the largest market share during the forecast period. The key factor supporting the growth of the AI market in this region is the wide-scale adoption of AI technologies in several industries, such as healthcare, automotive, agriculture, retail, marketing, and law.

Major vendors in the global Artificial Intelligence Market include Alphabet Inc. (US), Microsoft Corporation (US), IBM Corporation (US), Baidu, Inc. (China), Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Amazon Web Services, Inc. (US), SAS Institute Inc. (US), Facebook, Inc. (US), SAP SE (Germany), Salesforce.com, Inc. (US), NVIDIA Corporation (US), Oracle (US), Cisco (US), Siemens (US), Huawei (China), Alibaba Cloud (China), iFLYTEK (China), Hewlett Packard Enterprise Development LP (US), General Vision Inc. (US), Graphcore (UK), Mellanox Technologies (US), Darktrace (UK), Cylance Inc. (US), Didi Chuxing Technology Co. (China), Zoox (US), Face++ (China), Inbenta (US), Zephyr Health Inc. (US), Butterfly Network (US), Atomwise Inc. (US), Vicarious (US), Preferred Network Inc. (Japan), AIBrain LLC (US), Wave Computing Inc. (US), Mythic (US), Adapteva (US), Koniku Inc. (US), KnuEdge Inc. (US), SK Hynix Inc. (South Korea), Progress DataRPM (US), Descartes Labs (US), Gamaya (Switzerland), EC2CE (Spain), Precision Hawk(US), Agribotix (US), Neurala (US), Iris Automation (US), Pilot AI Labs Inc.(US), Sentient Technologies (US), Applied Brain Research (Canada), Twitter (US), InsideSales (US), Persado (US), Mariana (US), Drawbridge (US), Narrative Science (US), Appier (Taiwan), Zensed (Sweden), and GumGum Inc. (US).

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5G Services Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to new market research report on “5G Services Market by End User (Consumers and Enterprises), Enterprise (Manufacturing, Media and Entertainment, Transportation and Logistics, Government), Application, Communication Type (eMBB, MMTC, URLLC, and FWA), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the 5G Services Marketsize is expected to grow from USD 53.0 billion in 2020 to USD 249.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period.

The transformation to the 5G ecosystem is expected to witness 3–4 times faster growth rate than other connectivity transformations. This is primarily due to the rapid innovation in virtualization in the networking domain, coupled with the growing numbers of applications, which require a latent-free connection. The above factors have resulted to expect rapid adoption of 5G services, followed by a quick roll out of 5G services by other developing economies.

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

5G opportunities in healthcare rely on a combination of massive IoT and enhanced broadband to support telemedicine. 5G will help improve diagnoses requiring multiple connections at a remote site (patient dialysis at home or remote control of medical equipment). Telemedicine and connected equipment inside hospitals will be possible using 5G. For instance, massive IoT strides had already been taking place ahead of events in 2020. Consider Saratoga Hospital in Saratoga Springs, NY, US. The hospital found itself bogged down with administrative tasks, such as taking patients vital signs every few hours and manually logging the results. 5G services were dopted by the hospital to improve the service and healthcare during the pandemic.

uRLLC segment is expected to grow at the highest CAGR during the forecast period

Ultra-reliable low-latency communication (URLLC) use cases such as autonomous systems and mission-critical control are going to gain traction, which increase the speed and quality of services in critical functions. The automotive industry has been an early adopter of various connectivity technologies. There has been a major impetus by car manufacturers to develop connection-ready cars, taking small steps forward within a long-term vision of autonomous vehicle control using URLLC. Service providers may decide to provide focused offerings end-to-end as the principle B2B services provider. So for example they may supply services, including high-definition cameras to a car manufacturer that requires 5G and URLLC on a production line.

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Asia Pacific (APAC) region to record the highest growing region in the 5G Services Market

APAC has several growing economies, such as China, South Korea, Australia and Japan, which are expected to register high growth in the 5G Services Market. These countries have always supported and promoted industrial and technological growth. In addition, they possess a developed technological infrastructure, which is promoting the adoption of 5G services solutions across all industry verticals. The network market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics and mobility. APAC is one of the biggest markets for connected devices

Key and innovative vendors in 5G Services Market are AT&T (US), China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), T-Mobile (US), China Telecom (China), Orange S.A (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica (Spain), KT (South Korea), Rogers (Canada), Bell Canada(Canada), Etisalat( UAE), STC (KSA), LG U+( South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), DISH (US), Reliance Jio(India), Rakuten (Japan), MTN ( South Africa), Airtel (India),and Telenor Group (Norway).

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Cloud Services Brokerage Market Size, Share and Global Market Forecast to 2025 | COVID-19 Impact Analysis : MarketsandMarkets

According to new market research report “Cloud Services Brokerage Market by Service Type (Integration & Support, Migration & Customization, and Automation & Orchestration), Platform, Deployment Model, Organization Size, Vertical, and Region, – Global Forecast to 2025″, published by MarketsandMarkets™, the Cloud Services Brokerage Marketsize is expected to grow from USD 5.9 billion in 2020 to USD 12.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period. The flexibility and agility of cloud-based models would support the IT service needs of enterprises.

The leading CSPs/hyper scalers—Microsoft, IBM, and AWS—are expected to increase their CAPEX primarily for data center expansion to support the increasing workload for their internal and external stakeholders. The increasing volume of data generation in websites and mobile apps, rising focus on delivering customer-centric applications for driving customer satisfaction, and growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are a few factors driving the growth of the emerging technologies. The emerging technologies, such as big data, Artificial Intelligence (AI), and Machine Learning (ML), are gaining traction, which is ultimately leading to the growth of the Cloud Services Brokerage Market globally.

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The sudden shutdown of offices, schools, colleges, and physical retail stores has massively disrupted operations; this has led to an increase in the demand for digital workplace tools and services, such as Zoom, Slack, Blackboard, Lynda, Canvas, Google Classroom, AnyMeeting, and Moodle. AWS, Microsoft, and Google host and manage all applications in a public cloud environment. Increased spend on cloud services by select industries due to COVID-19. Industries such as IT and ITeS, telecom, online retail/commerce, media, and BFSI, are expected to increase spending on cloud-based services to sustain their business. Highly regulated and cash-rich industries, such as BFSI, are also expected to move selective workloads to public cloud environments.

The market is expected to be driven by the need of cloud migration and customization

Cloud migration services have gained popularity as enterprises across the globe continue to migrate workloads from on-premises infrastructure to cloud environments for better operational efficiency and cost savings. The demand for cloud services has surged in recent times due to COVID-19, and many enterprises across the regions have shifted enterprise workloads on cloud environment. Therefore, CSB vendors specializing in migration and customization services are in high demand. Cloud brokers offer customization services to the customers as per business needs, which provides better-bundled offerings facilitating higher returns on cloud investments.

Increased security capabilities and customized costing in private cloud-based services is driving the adoption of private cloud-based deployment

A private cloud is a computing model that offers a proprietary environment dedicated to a single business entity. A private cloud provides extended and virtualized computing resources. This deployment model enables a company to have better control over its data and reduce risks, such as data loss and issues related to regulatory compliance. The private cloud is used in banking and financial institutions, large enterprises, and government organizations, where only authorized users can access the system. The acceptance of private cloud deployments for enterprises with compliance concerns is due to its security and control benefits. Service providers offering hosted private cloud address significant essentials of compliance with regulations, such as HIPAA and PCI. Some of the popular private cloud providers are VMware, DXC, Dell EMC, Oracle, IBM, and Microsoft.

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North America to dominate the global Cloud Services Brokerage Market in 2020

North America has been continued to dominate the CSB market in terms of revenue and is expected to have the largest market size among regions in the CSB market as the organizations are shifting toward cloud-based solutions and services with the increasing adoption of digital business strategies. This trend is expected to continue during the forecast period. North America is a mature market due to the presence of various players offering CSB. Enterprises are increasing their budgets to accommodate CSB, which is favoring the growth of the Cloud Services Brokerage Market in North America. The US and Canada are the top countries in North America, which contribute to the CSB market. The US, being a major economy, holds a significant market share due to the country’s technological advancements and the inclination toward innovation and the adoption of new technologies. Organizations have invested substantially in advanced technologies to gain a competitive advantage and increase business productivity. The Cloud Services Brokerage Market is expected to grow steadily as enterprises are adopting cloud-based solutions and services at various levels as a part of their strategy to sustain themselves in the market and achieve improved business functioning.

The Cloud Services Brokerage Market includes major vendors, such as Accenture (Ireland), IBM (US), VMware (US), Jamcracker (US), ActivePlatform (Belarus), Arrow Electronics (US), Cloudmore (Sweden), Wipro (India), DXC Technology (US), iPortalis (UK), Cognizant (US), InContinuum (Netherlands), Flexera (US), BitTitan (US), OpenText (Canada), CloudFX (Singapore), Proximitum (UK), Eshgro (Netherlands), NEC (Japan), AWS (US), CloudSME (Germany), Shivaami (India), NTT Data (US), Infosys (India), TCS (India), Pax8 (US), Oracle (US), Fujitsu (Japan), Microsoft (US), Capgemini (France), and Doublehorn (US).

The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Accenture, IBM, VMware, Jamcracker, and ActivePlatform have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the CSB market.

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Cloud Security Posture Management Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

According to market research report on “Cloud Security Posture Management Market by Component (Solution and Services), Cloud Model (IaaS and SaaS), Vertical (BFSI, Healthcare, Retail and Trade, IT and Telecommunication, Public Sector, and Education), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global post-COVID-19 Cloud Security Posture Management Market size is expected to grow from USD 4.0 billion in 2020 to USD 9.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast period.

As the world is approaching cloud-native future, the dependency of organizations on digital assets is increasing rapidly. Cyber hygiene has become crucial in the development of a security posture of any business entity. CSPM refers to the solutions and services deployed to protect applications, data, networks, endpoints, and associated infrastructure through the cloud by checking their respective configurations, policy, and standards violations. Cloud security providers incorporate these regulations to maintain security, privacy, and compliance (with necessary regulations) of customer data.

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From the era of viruses and worms (the 1990s) to the era of Advanced Persistent Threats (APTs), the level of sophistication and the impact of cyberattacks have evolved significantly. As the number of network devices increased, enterprises started looking at cloud security solutions that could identify and mitigate these threats in real time and thus, minimize the risk posed by them. Advanced cloud security solutions protect public and private cloud infrastructure and will increasingly help combat cybercrimes in the future, saving trillions of dollars globally.

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MarketsandMarkets has segmented the global Cloud Security Posture Management Market by component, cloud model, vertical, and region. The component segment is categorized into solution and services. The cloud model segment includes infrastructure as a service (IaaS), and software as a service (SaaS). The verticals considered in the report are BFSI, healthcare, retail and trade, education, IT and Telecommunication, public sector, and other verticals (incl. media and entertainment, hospitality, and manufacturing). The overall CSPM market is studied across five regions: North America, Europe, APAC, Latin America, and MEA.

By component, CSPM solutions segment to have the highest market share during the forecast period

CSPM solution provides visibility into the public cloud infrastructure of an organization, including cloud resources, compliance, and cloud configurations. CSPM solutions were earlier known as Cloud Infrastructure Security Posture Assessment (CISPA). The solutions are developed to help the consumers mitigate the risk of policy violations, misconfigurations of cloud solutions, and lack of compliance and industry standards (CIS, NIST, and HIPAA). In the Covid-19 pandemic, the increasing data and traffic on the public cloud and lack of expertise of cloud configurations, have made the cloud resources more vulnerable than the previous years. CSPM solutions are designed and developed to handle cloud misconfigurations and policy violations. The increasing cloud adoption and IT spending on the public cloud are expected to fuel the market growth of CSPM in the coming years, globally.

By Vertical, BFSI segment to have the highest market share during the forecast period

Banks and financial institutions are increasingly moving their data on the cloud environment, amid the COVID-19 outbreak. With the widespread adoption of cloud computing platforms, finance and insurance companies are required to meet the highest security standards set by the financial regulatory authorities. There is a constant need for proper security measures and vigilance to protect organizations from potential cloud attacks. Consequently, the adoption of cloud security would resolve such challenges. Financial institutes are always the early adopter of advanced and upgraded technologies. CSPM is one of the essential security tools that are developed to secure the posture of the deployed cloud resources, which has significant applications in the BFSI vertical.

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Asia Pacific to grow with the fastest growing CAGR during the forecast period

Various developments are taking place in APAC concerning the adoption of technologies, such as BI tools, cloud, analytics, and rapid infrastructure development. APAC is the fastest-growing region in terms of the adoption of CSPM. According to a survey by Palo Alto Networks, enterprises across four countries in APAC: Australia, China, India, and Singapore, revealed that insecure interfaces and APIs, data breaches, data losses, and misconfigurations are the top cybersecurity risks in the region. Moreover, with the rising intensity and complexity of cyberattacks, data security concerns of businesses in this region have been escalating. Furthermore, the survey found that 69% of organizations in Singapore believe that security offered by cloud service vendors is sufficient for protection against cloud threats. Increasing advancements in mobility and cloud adoption and growing mandatory compliances with government regulations to resolve data security issues have forced enterprises to adopt CSPM.

Major vendors in the global Cloud Security Posture Management Market include IBM Corporation (US), VMware, Inc. (US), Microsoft Corporation (US), CheckPoint Software Technologies Pvt Ltd (Israel), McAfee Corporation (US), Fortinet (US), Forcepoint (US), FireEye (US), Zscaler (US), Cisco Systems (US), Optiv Security (US), Sophos Group Plc. (UK), Atos (France), Palo Alto Networks, Inc. (US), CrowdStrike Holdings Inc. (US), CipherCloud (US), Aqua Security (US), Aujas Cybersecurity (US), Armor Defense Inc (US), BitGlass (US), Hillstone Networks (China), Netskope (US), DivvyCloud Corporation (US), Fugue, Inc (US), Orca Security (Israel), Accurics (US), AppOmni (US), CloudPassage (US), OpsCompass, LLC (US), Adaptive Shield (Israel), and Blazeclan Technologies (India).

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Big Data Security Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

In the post-COVID-19 scenario, the “Big Data Security Market by Component, by Software, Deployment Type, Organization Size (Large Enterprise, SMEs), Vertical, and Region (North America, Europe, APAC, MEA, Latin America) – Global Forecast to 2026″, published by MarketsandMarkets™, the Big Data Security Marketsize is projected to grow from USD 17.5 billion in 2020 to USD 35.3 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2026. The market’s growth can be attributed to the increasing awareness and rising investments in big data security solutions across global organizations operating across verticals.

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

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

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

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

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

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

Market Players

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

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Blockchain Supply Chain Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to new market research report “Blockchain Supply Chain Market by Offering (Platform, Services), Type (Public, Private, and Hybrid and Consortium), Provider, Application (Asset Tracking, Smart Contracts), Enterprise Size, Vertical (FMGC, Healthcare), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Blockchain Supply Chain Marketsize to grow from USD 253 million in 2020 to USD 3,272 million by 2026, at a Compound Annual Growth Rate (CAGR) of 53.2% during the forecast period. Increasing popularity of blockchain technology in retail and SCM, growing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are major growth factors for the market.

Growing need for automating supply chain activities and eliminating middlemen and rising government initiatives would provide lucrative opportunities for vendors in the Blockchain Supply Chain Market.

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By offering, Platform segment to hold the largest market size during the forecast period

The blockchain platform enables customers to set up private, public, and consortium-based blockchain environments as well as enable people, products, applications, and services to interoperate across the blockchain network. Blockchain supply chain platforms also help enterprises in avoiding risks through fraud and risk management applications and optimize their daily operations, leading to reduced operational costs. Another important advantage is the relative simplicity of managing read/write access permissions over blockchain. The access to blockchain is restricted so that the data is not tampered with. This results in a platform that keeps full track of each and every item in real-time, including additional information as per the given requirement, making blockchain-based supply chain management platforms highly efficient and reliable. The growing emphasis on compliance as well as government regulations are also expected to fuel the adoption of blockchain solutions, especially in highly regulated regions, such as North America and Europe.

In provider, application providers to grow at a higher CAGR during the forecast period

Application providers are third-party entities that distribute and manage blockchain solutions for customers across application areas. Blockchain solutions are outsourced to meet the technological needs of businesses. Blockchain offers a historical record of all transactions since the beginning of the technology and serves as a single source for extracting information and is integrated to maintain the privacy of data. Market vendors provide different blockchain solutions, such as digital identity management, payments, exchanges, documentation, Governance, Risk, and Compliance (GRC) management, and smart contracts. These vendors provide blockchain technologies that are expected to deliver high business value to companies by reducing the duplication of transactional data and providing periodic reconciliation and authentication for commercial and regulatory needs. The introduction of technologically-advanced solutions has witnessed a certain level of adoption in government agencies, thereby fuelling the overall market growth.

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

North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as increased adoption of IoT, ML and AI-based technologies for digitizing supply chain operations, increasing digitization and increasing demand for cloud-based blockchain supply chain services among enterprises, especially SMEs, due to advantages such as scalability and cost effectiveness are expected to fuel the growth of blockchain supply chain in th region

Major vendors in the global Blockchain Supply Chain Market include IBM (US), Microsoft (US), SAP SE (Germany), Amazon Web Services (AWS) (US), Oracle (US), Huawei (China), Guardtime (Estonia), Tibco Software (US), Bitfury (Netherlands), Interbit (Canada), Auxesis (India), Vechain Foundation (China), Chainvine (UK), Digital Treasury Corporation (DTCO) (China), Datex Corporation (US), OpenXcell (US), Algorythmix (India), Blockverify (UK), Applied Blockchain (UK), Transchain (France), Omnichain (US), Ownest (France), Traceparency (France), Peer Ledger (Canada), OARO (Spain), and Records Keeper (Spain).

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Network as a Service Market Size, Share and Global Market Forecast to 2026 | MarketsandMarkets

According to recent market research report “Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMEs), Application, End User ( BFSI, Manufacturing, Healthcare), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Network as a Service Market size is expected to grow from USD 10.4 billion in 2021 to USD 37.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period.

As organizations progress to cloud and adopt new technologies, the way they architect and set up network infrastructure must change. So, the enterprise NaaS has emerged as a significant new way for organizations to flexibly consume network infrastructure.

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It enables them to use network services over the internet using pay-per-use or subscription consumption models. Thus, enterprises are beginning to realize the significant benefits of this new model. This model has also created opportunities for CSPs to collaborate with cloud providers and other ecosystem partners on service development and delivery. With NaaS, network spending has shifted from the Capital Expenditure (CAPEX) to the Operational Expenditure (OPEX) model for network infrastructure.

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Network Security segment to grow at the highest CAGR during the forecast period

NaaS offers a strong set of security services that provide defense against malicious attacks with the provision of secure network policies, firewall-as-a-service, secure web gateways, network access control, and secure DDI. These network security services help businesses to protect networks from cyber threats, data breaches, intrusions, and detections. Network security is a broad term that comprises a set of technologies and tools designed to develop the secure flow of data and information over networks. Irrespective of size, businesses require a high degree of network security to protect their network infrastructure from the increasing cyber threats. In today’s digital world and remote work culture, incidences of network threats have increased exponentially all over the globe. The changing business model and hybrid network infrastructure are challenges for businesses in terms of securing network infrastructure. Attackers have found a hundred ways to exploit network infrastructure with DDoS attacks and vulnerabilities.

Small and Medium Sized Enterprises segment is expected to grow at the highest CAGR during the forecast period

Organizations with less than 999 employees are considered under the SMEs segment. These organizations struggle with a low network infrastructure budget, despite advancements in technologies. However, with the availability of low-cost cloud services and the as-a-service model, SMEs have shifted their focus on digital transformation to benefit from emerging technologies such as cloud, analytics, IoT, and SDN. Small businesses all over the globe are no exception when it comes to access to wired and wireless infrastructure. Every organization, irrespective of size, has adopted the mobile-first strategy to cope with the growing technology world and garner new business opportunities. The NaaS model has benefitted most SMEs. This model offloads the burden of managing the entire network infrastructure at a lower cost for network operation teams. In this way, business stakeholders can emphasize on their daily business activities by accessing continuous internet connectivity. Like global organizations, SMEs in emerging countries are moving toward the subscription-based model from the ownership model. Within the subscription or NaaS model, enterprises can opt to purchase any software or hardware device costing more than the as-a-service model.

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Asia Pacific (APAC) region to record the highest growing region in the NaaS market

The NaaS market is highly competitive in APAC due to the presence of various service providers, networking providers, telecom carriers, and technology service vendors. Many vendors compete to offer the best services in the region, particularly in the retail and e-commerce industry vertical. This region also hosts many emerging service players in the networking and IT domain. It is proving to be a rich space in terms of the existence of several multinational corporations, government organizations, and many midsized as well as large telecommunications and IT organizations. The growth is attributed to the presence of developing economies, such as China and India. These countries have expansively considered the usage of wireless internet to cater to the unparalleled needs of Wi-Fi connectivity in large enterprises and SMEs of the region. The retail and e-commerce industry vertical is gaining traction in India and China.

Key and innovative vendors in Network as a Service Market are AT&T (US), Verizon (US), Telefonica (Spain), NTT Communications (Japan), Orange Business Services (France), Vodafone (UK), BT Group (London), Tata Communications (India), Lumen (US), Masergy (US), Servsys (US), TELUS (Canada), PCCW Global (China), KDDI (Japan), Cloudflare (US), ARYAKA NETWORKS (US), China Telecom (China), China Mobile (China), Singtel (Singapore), GTT Communications (US), Telia (Sweden), Telstra (Australia), Deutsche Telekom (Germany), Colt Technology Services (UK), HGC (China), TenFour (US),PacketFabric (US), OnX Canada (Canada), Megaport (Australia), Wipro (India), Epsilon (Singapore), Axians (France), IPC Tech (US), and Microland (India).

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Cloud Workload Protection Market by Solution, Service, Deployment Model, Organizational Size, Vertical, and Region – Global Forecast to 2023

According to market research report “Cloud Workload Protection Market by Solution (Monitoring and Logging, Policy and Compliance Management, Threat Detection Incident Response), Service, Deployment Model, Organizational Size, Vertical, and Region – Global Forecast to 2023″, The cloud workload protection market size is expected to grow from USD 2.25 Billion in 2018 to USD 6.70 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period.

The demand for cloud workload protection is driven by various factors, such as the increasing adoption of the multi-cloud strategy among enterprises, centralized policy enforcement, simplified installation of distributed enterprise workloads, dire need to fortify enterprise workloads against unauthorized strikes, and seamless scalability and reduced operational costs.

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The hybrid cloud segment is expected to grow at the highest CAGR during the forecast period.

The hybrid cloud segment is expected to gain the highest traction in the cloud workload protection market during the forecast period. This segment provides more control, reduced risks, cost-efficiency, and better performance. Additionally, it provides an ideal combination of public cloud and private cloud features, such as the versatility and cost-effectiveness of the public cloud, and greater control and security of the private cloud.

North America is expected to contribute to the largest market share, whereas Asia Pacific is projected to grow at the highest CAGR during the forecast period.

North America is expected to account for the largest market share and dominate the cloud workload protection market during the forecast period. The major growth drivers for this region are the increasing need to prevent cyber threats, growing adoption of cloud services, better security compliant offerings by vendors, and need for enhanced control and visibility mechanisms.

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The monitoring and logging segment is estimated to contribute the largest market share in 2018.

Among solutions, the monitoring and logging segment is estimated to account for the largest market size in 2018. The major factors driving the growth of this segment include the benefit of gaining centralized visibility and control over high-volume cloud workloads.

The major vendors providing cloud workload protection solutions and services are Bracket (US), CloudPassage (US), Dome9 (US), Evident (US), GuardiCore (Israel), HyTrust (US), LogRhythm (US), McAfee (US), Sophos (UK), Symantec (US), Trend Micro (Japan), and Tripwire (US).

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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 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.

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Data Resiliency Market by Component, Services, Deployment, Organization Size, Vertical, and Region – Global Forecast to 2023

According to market research report “Data Resiliency Market by Component (Solutions (Data Backup & Recovery, Data Archiving & E-Discovery, Disaster Recovery), Services (Professional Services & Managed Services)), Deployment, Organization Size, Vertical, and Region – Global Forecast to 2023”, The data resiliency market is expected to grow from USD 11.69 Billion in 2018 to USD 27.63 Billion by 2023, at a CAGR of 18.8% from 2018 to 2023.

The growth of the data resiliency market is primarily driven by the increasing data privacy concerns and need to ensure data security, growing adoption of cloud-based data backup and recovery solutions, and increasing data generation from various sources.

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The North American region is expected to lead the data resiliency market in 2018.

The North American region is expected to lead the data resiliency market in 2018. The growth of the North America data resiliency market can be attributed to the presence of various key players such as IBM (US), Commvault Systems, Inc. (US), Microsoft (US), and VMware (US) in the region. Moreover, increased investments by various leading market players in R&D activities also contribute to the increased demand for data resiliency solutions in the North American region.

Based on organization size, the small & medium enterprises segment of the data resiliency market is projected to grow at a higher CAGR than the large enterprises segment from 2018 to 2023.

Based on organization size, the small & medium enterprises segment of the data resiliency market is expected to witness higher growth than the large enterprises segment during the forecast period. Cost-effectiveness is important for Small & Medium Enterprises (SMEs) as they have limited budgets. Hence, these enterprises face greater resource crunch than large enterprises and as such, require improved methods to resolve complexities to ensure effective cost optimization of their business processes. The implementation of cloud-based data resiliency solutions is expected to result in increased revenues, desired business outcomes, and improved business efficiency for SMEs.

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Based on deployment, the cloud segment of the data resiliency market is projected to grow at a higher CAGR than the on-premises segment during the forecast period.

Based on deployment, the cloud segment of the data resiliency market is projected to grow at a higher CAGR than on-premises segment during the forecast period. Cloud data resiliency solutions are cost-effective. They are capable of storing larger volumes of data than on-premises solutions. Moreover, cloud solutions offer reduced downtime in case of any failure and help easily locate the data. Cloud solutions also offer increased scalability as they allow an easy increase in the data storage limit. Majority of the small & medium enterprises are adopting cloud solutions as they help them in avoiding the costs related to hardware, software, storage, and technical staff.

Some of the major vendors of data resiliency solutions are Acronis (Switzerland), Asigra Inc. (Canada), CA Technologies (US), Carbonite, Inc. (US), CenturyLink (US), Commvault Systems, Inc. (US), IBM (US), Micro Focus (UK), Microsoft (US), NetApp (US), Quest Software, Inc. (US), Unitrends (US), Veeam Software (Switzerland), Veritas Technologies LLC (US), and VMware (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 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.

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.
630 Dundee Road
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sales@marketsandmarkets.com
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