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According to Market Research Future (MRFR)’s latest analysis, the global energy as a service (EaaS) market is expected to exhibit significant growth in the forthcoming years. The global requirement for energy has witnessed an upswing over the years which has necessitated the adoption of measures to ensure efficient use of power. This, in turn, has catapulted energy as a service market on an upward trajectory.

The increasing demand for energy has led to the shift towards the generation of renewable energy. Governments all across the world have started the establishment of renewable energy projects for keeping the supply up with the demand. This is poised to influence the expansion of energy as a service market positively. Furthermore, the volatility of the prices of energy has expedited the proliferation of the market, and the trend is projected to perpetuate in the foreseeable future.

Energy as a service helps in different ways, such as optimization of energy systems, improvement of working environments, etc. This serves as a motivation for the industrialists for implementing EaaS solutions. Additionally, the energy as a service assures a reduction in the operating expenses while increasing profits, which is expected to be a driving factor of market growth in the upcoming years.

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The endeavors directed towards the reduction of carbon footprints by the governments coupled with mandates enforced for assuring energy efficiency are set to revolutionize the growth trajectory of the market. Nevertheless, challenges related to implementation remain an impediment to the market proliferation.

Global Market for Energy as a Service (EaaS) – Competitive Dashboard:

Some of the key players operating in the market are Siemens (Germany), Edison Energy (US), Contemporary Energy Solutions (US), Enertika (Spain), Bernhard Energy (US), GE (US), WGL Energy (US), EDF Energy (UK), Solarus (Netherlands), Engie (France), and Enel X (Italy).

Energy as a Service (EaaS) Market Segmental Analysis:

MRFR’s report offers an in-depth segmental analysis of the global energy as a service (EaaS) market based on service type and application. By service type, the energy as a service (EaaS) market has been segmented into generation, operation & maintenance, and energy efficiency & optimization. By application, the global market is segmented into industrial and commercial.

Regional Outlook:

By region, the global energy as a service market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is a significant market for energy as a service and is likely to witness increasing adoption of the service in the foreseeable future. The consolidation of established industries in the region has intensified the need for energy efficiency and optimized energy costs, which is poised to drive the growth of the market in the region. Governments have rolled out law enforcement for the adoption of energy efficient measures which has opened new avenues of growth for the market players. The presence of key players in the U.S. is likely to make it an important country-level market of the region. Furthermore, the shift towards renewable energy coupled with increased energy consumption is prognosticated to have a favorable impact on the expansion of the regional market.

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Europe is a vital growth pocket and is likely to resonate promising opportunities over the next couple of years. The large-scale generation of renewable energy is likely to fuel demand for energy as a service in the region. Additionally, the developed industrial sector of the region is anticipated to catalyze the growth of the market in the forthcoming years.

Asia Pacific is expected to accrue a substantial amount of revenue in the upcoming years. The exponential population, rapid urbanization & industrialization, and increasing renewable energy projects are likely to accelerate the revenue creation for the market participants.

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Advanced Analytics Market Scenario:

Market Research Future (MRFR) reveals different forces that can impel the expansion of the global advanced analytics market 2020, in its latest report. The impact of pandemic on the advanced analytics market is elaborate in the report. As per MRFR study, the advanced analytics market is projected to experience an exponential rise in the forecast period. This is due to increase in the need for cloud-based technologies across various verticals. MRFR study states that the advanced analytics market value can touch USD 22 billion at 15% CAGR across the forecast period 2017-2023. 

The high adoption of artificial intelligence driven solutions by different regions are expected to impel the expansion of the Advanced Analytics Market in the analysis period. The rise in the demand for advanced analytics solutions among high end users can drive the expansion of the advanced analytics global market. The increase in the volume of enterprise data generated requires high-tech analytical solutions, which can drive the expansion of the market. The growth of the advanced analytics market can also be attributed to the rise in the demand for effective data management solutions by different enterprises. The widespread acceptability of modern advanced analytics techniques can fuel the rise of the advanced analytics market in the years to come. 

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Major Key Players:

Angoss Software Corporation (Canada), SAS Institute (U.S.), Statsoft, IBM Corporation (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), KNIME AG (Switzerland), Microsoft Corporation (U.S.), and Fico (U.S.) among others are some reputed names in the advanced analytics global market as listed by MRFR. 

Advanced Analytics Market Segments:

The segment analysis of the global advanced analytics market is done by type and application.

The type-based segments of the advanced analytics market are big data analytics, statistical analysis, visual analytics, customer analytics, social analytics, predictive modeling, risk analytics, and business analytics. 

The application-based segments of the advanced analytics market are healthcare, BFSI, consumer goods & retail, government & defense, IT & telecommunication, transportation & logistics, and others. The BFSI application of advanced analytics are customer profitability, regulatory reforms, credit risk analysis, operational efficiency, fraud detection and management, risk management, process optimization, and budgeting and planning. The IT and telecommunication applications of advanced analytics are cell site optimization, revenue assurance, campaign management, network dynamics and congestion control, customer profitability analysis, and social network analysis. The healthcare applications of the advanced analytics are financial performance, predictive modeling, and monitoring. The government & defense applications of the advanced analytics are scenario and health planning. The transportation & logistics applications of the advanced analytics market are supply chain planning, quality lifecycle management, and sales & operational planning. The consumer goods & retail applications of the advanced analytics market are customer insight, price optimization, size optimization, planning & organization, and merchandize planning. 

Regional Study:

Trends of the global advanced analytics market are studied across Europe, North America, Asia Pacific, and the Rest of the World. In North America, the advanced analytics market is likely surge across the forecast period due to increase in the demand for advanced analytics market across different verticals in the North America region. In addition, the presence of high number of well-established players, such as IBM Corporation and Oracle Corporation can earn high revenue for the regional market in the years to come. 

In APAC, the rise of sustainable economies can impel the expansion of the regional market. In EU, the presence of well-established technical infrastructure, high ingression of smart communication devices, and availability of better connectivity can prompt EU advanced analytics market in the years to come. 

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued… 

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List of Tables

Table 1 Global Advanced Analytics Market: By Region, 2017-2023

Table 2 North America Advanced Analytics Market: By Country, 2017-2023

Table 3 Europe Advanced Analytics Market: By Country, 2017-2023

Continued… 

List of Figures

Figure 1 Global Advanced Analytics Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Global Advanced Analytics Market

Continued… 

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The industrial internet of things (IIoT) is already here and has redefined the face of the industry, and this wave of technological change has unprecedented opportunities to offer. The industrial internet of things is in its early stages, and the number of devices connected to IoT continues to proliferate. The IIoT is a subset of IoT and can be defined as a concept that connects numerous industrial devices with high-end software programs to improve industrial performance. The most critical drivers of the IIoT are enhanced operational efficiency and productivity. Other drivers include new business opportunities, reduction in downtime, maximization of asset utilization, enhanced product innovation process, enhanced worker safety and a better understanding of customer needs among others. Rapid digitization of industrial processes, need for accuracy in industries like defense, healthcare, aerospace, and energy among others and the demand for adoption of cloud computing is also augmenting the market.

According to a study conducted by Market Research Future (MRFR), the global industrial IoT market is set to capture a CAGR of 16.2% and will reach USD 1.0 trillion by 2022 from USD 406.9 billion in 2016.

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The global industrial internet of things market presents many new opportunities. However, various factors could hamper the growth of the market. Lack of interoperability or standards and security concerns are the most significant hurdles. Adopting the industrial IoT requires massive capital investment and business process change which are potential disruption to the existing business. Other vital barriers which are impeding the global industrial internet of things market are lack of proven business models, lack of understanding of the concept among management and C-level executives, uncertain ROI, untested technologies, lack of data governance rules across geographical boundaries, lack of application development tools, privacy concerns, lack of data scientists, high cost of sensors. Despite many barriers, it cannot be said that the future of IoT is bleak, adoption of IoT is accelerating, although, its application may be best suited to areas where the barriers are less consequential.

Industrial IoT Platform Market Segmentation

The global industrial internet of things market has been segmented based on applications, deployment, software, and end-users. By applications, the market has been segmented into smart cities, smart energy, retail, logistics and industrial control among others. By deployment, the market has been segmented into on-cloud, on-premise and hybrid among others. By software, the market has been segmented into product lifecycle management, manufacturing execution systems, distribution management systems, traffic management system and remote patient monitoring system among others. By end-users, the market has been segmented into information services, manufacturing, healthcare, retail trade, oil and gas, power generation, airline, transportation and robotics among others.

Regional Analysis

North America is at the forefront of the global industrial IoT market owing to rapid technological progress and early adoption of IoT in the region. Asia-Pacific is projected to capture the highest CAGR during the forecast period, and this growth is supported by various government initiatives and rising investments in the manufacturing sector. Europe market for industrial IoT too seems to hold potential growth opportunities owing to growing automation in manufacturing and energy industry.

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Competitive Analysis

The global industrial internet of things market is highly competitive and fragmented. The major market players include General Electric Company (U.S.), Intel Corporation (U.S.), Rockwell Automation Inc. (U.S.), Cisco Systems Inc. (U.S.), International Business Machine (IBM) Corporation (U.S.), Accenture PLC (Ireland), AT&T Inc. (U.S.), Siemens AG (Munich), Robert Bosch GmbH (Germany), and Huawei Technology Co. Ltd. (China).

Industry Updates

  • A new guide has been published by the National Institute of Standards and Technology (NIST) to help companies transition from wired industrial IoT systems to wireless ones. The guide comes at a time when companies are witnessing evolving demands from consumers which raise a requirement for machine flexibility. Application of wireless technologies eliminates the cost of wiring and improves performance, efficiency and machine flexibility.
  • Global Industrial IoT and smart energy communications solutions provider, Trilliant has launched a new global business to provide mission-critical, multi-technology networking platforms. The decision to launch such business comes after identifying the need to meet evolving industry requirements. 

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Market Synopsis

Market Research Future (MRFR), in its latest report on the Human Resource Management Software Market 2020, reveals different issues associated with COVID-19 outbreak and other issues are elaborated in the report. The expansion of the human resource management software market can rise at 14% CAGR across 2017 to 2023 forecast period. The rise in the need for HRM software solutions can cause the global human resource management software market value to touch USD at 11 Bn on the conclusion of the evaluation period.

The pressing need to replace high paper work involved in employee management to enhance HR compliance can boost the expansion of the market through the assessment span. HR management software can effortlessly convert manual paper documents to digital format. In addition, HRM software centrally manage the database of HR workflow via monitor, and can seamlessly evaluate employees, even remotely. These advantages of HRM software can bolster the expansion of the market through the study period.

Key players

Kronos, Inc. (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Talentsoft (France), Automatic Data Processing, LCC (U.S.), PricewaterhouseCoopers (India), Ultimate Software Group, Inc. (U.S.), Cezanne HR Ltd. (U.K.), Accenture PLC (Ireland), IBM Corporation (U.S.), Ultimate Software (U.S.), Mercer LLC (U.S.), NetSuite, Inc. (U.S.), Ceridian HCM, Inc. (U.S.)., and Workday, Inc. (U.S.). 

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Market Segmentation

The segment study of the world human resource management software market is done by deployment, service, organization size, solution, and vertical.

The deployment based HRM software market segments are on-premise deployment and on-cloud deployment. The increase in awareness about the reliability of on-cloud deployment platform can boost the expansion of the HRM global market through the study span.

The organization size, based HRM software market segments are large enterprises and small and medium enterprises. The growing utility of HRM in emerging SMEs and rise in demand for effective internal environment control of large organizations can bolster the expansion of the HRM market. 

The solution based segment of the HRM software market are talent management, workforce management, applicant tracking system, sourcing and recruitment, and others. The rise in, workforce management solution utility, followed by increased application of sourcing and recruitment solution can promote the market growth.

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The service based segments of the HRM software market are training & consulting, support & maintenance, and integration & deployment. The high rate of training and consulting services adoption by top notch companies across the globe can promote the growth of the HRM market through the assessment period.

The vertical based segments of the HRM software market are transportation & logistics, public sector, retail, healthcare, BFSI, IT & Telecom, manufacturing, and others. Increase in deployment of HRM solutions and services in IT & Telecom sector can boost the expansion of the world market.

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Regional analysis

In North America, the rise of the human resource (HR) management software market through the study period can be attributed to early adoption of disruptive technologies; such as cloud-based services and automation solutions. In addition, the existence of well-established companies that deal in HRM software solution in the US and Canada can promote the expansion of the market through the review period. North America HRM software solution market can lead the world market in the analysis time, as revealed by MRFR regional study. Innovations and high investments in technological advancements in the field of cloud technology can promote the regional market growth. In APAC, the expansion of HRM software market at a significant pace in the forecast period can be fuelled by rise in government initiatives for promoting digitalization. 

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E-Learning Virtual Reality Market – Overview

E-learning technologies have gained momentum as students demand methods of instruction that are easy to access. Reports that scrutinize the information and communication technology industry have been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. The market shows promise to achieve USD 339 million in income by the end of 2023 while developing with a 42 % CAGR. The report is to deliver an all-inclusive summary including theE-Learning Virtual Reality market share, market size, opportunities, market influencers, challenges, driving factors, and growth rate, by the deep-dive study of the leading market players.

The developing partnership between educational content providers and hardware vendors is encouraging the progress of the E Learning Virtual Reality Market. Moreover, the upsurge in corporate training programs of employees is anticipated to create a favorable demand for the e-learning virtual reality market in the coming years. The elevated infiltration of handheld devices is projected to push the e-learning virtual reality market in the assessment period.

Key Players:

The key players in the global E-Learning Virtual Reality Market include- Immersive Vr Education (Ireland), Oculus Vr (U.S.), Google Inc. (U.S.), Zspace, Inc. (U.S.), Curiscope (U.K.), Nearpod (U.S.), Eon Reality Inc (U.S.), Schell Games (U.S.)  ,Gamar (U.S.) and Thing link (Finland) among others.

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Industry Updates:

Jan 2019 Revtra Pro Inc., a pioneer in educational technology, has made accessible the newest modernization in training with its virtual reality (VR) program created by Filipino IT Firm, Seaversity. Seaversity is the technology supplier of Revtra in terms of e-learning and virtual reality agendas. All training amenities and gear of Revtra were planned to meet the demands of the International Maritime Organization (IMO).

Segmental Analysis

The segmental overview of the e-learning virtual reality market is conducted on the basis of application, component, technology, and region. Based on the components, the e-learning virtual reality market is segmented into hardware, software, and services. Based on the technology, the e-learning virtual reality market is segmented into the head mount, gesture control, and projectors. On the basis of applications, the e-learning virtual reality market is bifurcated into academic and corporate. Based on the region, the e-learning virtual reality market is segmented into Europe, North America, Asia Pacific and other regions of the world.

Detailed Regional Analysis

The regional examination of the e-learning virtual reality market is segmented into Europe, North America, Asia Pacific, and other regions of the world. As per the regions, the North American region is in control of the key market section from nations such as the U.S. and Canada among others. The growth of the regions is attributed to the mounting demand for high-end technology mixtures, increasing R&D in this region, and the collective use of virtual reality in the educational sector. Though, the Asia Pacific region is projected to multiply in the forecast period. The reason is accredited to the occurrence of an enormous number of producers and the mounting development of educational organizations around the world.

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Intended Audience

  • Device manufacturers
  • Network Operators
  • Distributors
  • Suppliers
  • Research firms
  • Software Developers
  • Commercial Banks
  • Vendors
  • Government Agencies
  • Vendors
  • End-user sectors
  • Technology Investors

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Mechatronics and Robotics Courses Market Highlights

The global mechatronics and robotics courses market is projected to witness a rapid growth during the forecast period. The growing implementation of mechatronics and robotics courses among industrial sector is for the purpose of training engineers with basic knowledge and primary skills in order to develop autonomous mechatronics and robotic systems. The report reflects the industry synopsis, growth trajectory, market dynamics, Mechatronics and Robotics Courses market share analyzed in detail in this report.

The mechatronics and robotics courses market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the mechatronics and robotics courses market in North America region is expected to witness significant growth during the forecast period. Highly equipped industries demand for automation in numerous industry verticals to reduce human errors, which is boosting the mechatronics and robotics courses market. The U.S. and Canada are anticipated to drive the growth of the mechatronics and robotics courses market, owing to presence of major players, such as British Columbia Institute of Technology (Canada) and Hennepin Technical College (U.S.).

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In the global mechatronics and robotics courses market, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period, as compared to other regions, owing to the growing automotive sector with advanced technology implementation. Increasing awareness of mechatronics and robotics among school, colleges, and industries is expected to be the other key drivers of mechatronics and robotics courses market.

The global mechatronics and robotics courses market is projected to reach USD 15 billion at a CAGR of over 15% during the forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Mechatronics and Robotics Courses Market Research Report-Forecast to 2023”.

Mechatronics and Robotics Courses Market Segmentation:

The global mechatronics and robotics courses market is segmented into platform and application. By platform segment, the market is classified into online and offline. The application segment is further segmented into manufacturing, automotive, drones, space application and others. The others segment comprises electrical and electronics application.

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Some of the prominent players in the global mechatronics and robotics courses market: ARM Holdings (United Kingdom), British Columbia Institute of Technology (Canada), Bosch Rexroth (Germany), Hennepin Technical College (U.S.), ABB (Switzerland), Amtek Industries (UAE), KUKA Robotics (Germany), Novatech Robo Pvt Ltd (India ), Siemens (Germany), and others.

Market Research Analysis:

North America is estimated to account for the highest position in the mechatronics and robotics courses market, whereas Asia Pacific market is projected to be the fastest growing during the forecast period. The North American market is witnessing rapid growth due to technological advancements and demand for high capability robots among different industry verticals in this region.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Blockchain in Insurance Market Analysis

The global Blockchain in Insurance Market size will touch USD 1.42 billion at a staggering 69.72% CAGR between the forecast period 2019- 2024, according to the new Market Research Future (MRFR) analysis. Blockchain makes servicing and selling insurance better, cheaper, and faster via improving fraud prevention, health insurance, claims management, and reinsurance. The end results will be better customer experiences and lower prices. The report also gives a total review of the market over the globe, including definitions, and Blockchain in Insurance Market applications

Various factors are propelling the global blockchain in insurance market growth rate. According to the recent MRFR market estimates, such factors include early adoption by financial service providers and insurance organizations, rising investments by key players in R&D of blockchain-based application development, growing digital technology that supports the development of platforms for digital transactions, growing need of using advanced security at the time of the transaction in digital platforms, increase in fraudulent insurance claims, increasing adoption of cloud-based services and solutions, and rising application areas of IoT.

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On the contrary, the COVID-19 impact, limited technical knowledge in end users, lack of standard protocols, and the uncertain regulatory issues are factors that may limit the global blockchain in insurance market growth over the forecast period.

Key Players

Key contenders profiled in the global blockchain in insurance market report include Tierion, Teambrella, RiskBazaar, Lemonade, Inmediate, B3i, Ixledger Black, Algorythmix, Applied Blockchain, Recordskeeper, Symbiont, Guardtime, Consensys, Everledger, Safeshare Global, Blockcypher, Chainthat Limited, Cambridge Blockchain, Bitpay, Circle, Auxesis Group, Factom, Digital Asset Holdings, Bitfury, BTL Group, Earthport, SAP SE, AWS, Microsoft Corporation, Oracle Inc., and IBM Corporation.

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global blockchain in insurance market based on sector, application, organization size, service provider, and type.

By type, the global blockchain in insurance market is segmented into federated or consortium blockchain, private blockchain, and public blockchain.

By service providers, the global blockchain in insurance market is segmented into infrastructure and protocols providers, middleware service providers, application and solution providers, and others. Of these, the application and solution providers segment will lead the market over the forecast period.

By organization size, the global blockchain in insurance market is segmented into large enterprises and small and medium enterprises.

By application, the global blockchain in insurance market is segmented into reinsurance, GRC management, smart contracts, property and casualty insurance, and fraud detection and risk prevention.

By sector, the global blockchain in insurance market is segmented into auto insurance, title insurance, health insurance, life insurance, and others.

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Regional Analysis

By region, the global blockchain in insurance industry covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. High adoption in the finance sector, rising skilled expertise for cryptocurrency, rising initiatives by insurance agencies to educate insurers regarding the perks of using blockchain technology, and rising adoption in Canada and the US, are adding to the global blockchain in insurance market growth in the region.

The global blockchain in insurance market in the APAC region is predicted to have healthy growth over the forecast period. Increasing investments in R&D of blockchain technology in South Korea, Singapore, and Japan, the introduction of blockchain-enabled medical insurance service in China, development of advanced technologies in India, rising initiatives by Indian insurer consortium, and improvement in claims management systems and insurance services are adding to the blockchain in insurance market growth in the region.

The global blockchain in insurance market in Europe is predicted to have sound growth over the forecast period, and in the RoW is predicted to have steady growth over the forecast period.

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Identity Governance and Administration Market Highlights

The latest market report published by Market Research Intellect, titled ‘Identity Governance and Administration Market,’ presents an accurate analysis of the estimated market size, share, revenue, and sales & distribution networks of market.

Identity Governance and Administration Market Key Players:

Market Research Future recognizes the following vendors as prominent players in the IGA market— SailPoint Technologies Holdings, Inc. (US), Oracle Corporation (US), IBM Corporation (US), One Identity LLC (US), CA Technologies (US), Saviynt Inc. (US), Micro Focus (UK), Hitachi ID Systems, Inc. (Canada), RSA Security LLC (US), Omada A/S (Denmark), AlertEnterprise (US), Core Security (US), SAP (Germany), Microsoft Corporation (US), and Atos SE (France).

The global digital lending market is also segmented based on component, deployment mode, organization size, industry vertical, and region/country.

By component, the Identity Governance and Administration Market has been segmented into solution and services. The solutions segment is expected to be the larger contributor than services segment, whereas the services segment is expected to register a higher CAGR during the forecast period.

Based on organization size, the large enterprises are anticipated to contribute the higher share than SMEs as these enterprises invest a significant amount on key cybersecurity solutions including IGA. SMEs segment is expected to grow with the higher CAGR than large enterprises from 2019 to 2024.

By deployment mode, the market is segmented into cloud and on-premises. The cloud segment is expected to witness the larger adoption than on-premises, and it is also expected to register the higher CAGR.

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Based on industry vertical, the market has been segmented into banking, financial services, and insurance (BFSI), government and defense, healthcare, retail, manufacturing, telecom and IT, energy and utilities, and others. The BFSI segment is expected to be the largest contributor while the healthcare segment is expected to grow with the highest CAGR from 2019 to 2024.

Regional Analysis

A geographic analysis of the global identity governance and administration (IGA) market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America has been segmented into the US, Canada, and Mexico. The regional market is expected to be the largest contributor to the IGA market during the forecast period, 2019 to 2024. The presence of major vendors and fast adoption of innovative solutions are the key driving factors for the growth of the IGA market in the region. The US is expected to hold the largest share while Canada is expected to grow with the highest CAGR from 2019 to 2024.

In terms of market share, Europe is expected to follow North America closely; for the purpose of analysis, the European region has been further segmented into the UK, Germany, France, and the rest of Europe. Increased investments in cybersecurity solutions, particularly related to employees’ identity and access rights, and stringent government regulations are the key driving factors for the market growth in Europe. The UK is leading in the European IGA market while Germany is expected to register the highest growth during the forecast period. In terms of growth rate, France is expected to witness the highest CAGR during the forecast period.

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The market in Asia-Pacific is expected to witness the highest CAGR during the forecast period, 2019–2024. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. The countries in the region, such as China, India, Japan, Singapore, and South Korea, are expected to show fast adoption of IGA solutions in the upcoming years. A growing number of enterprises and increasing awareness of cybersecurity are the key driving factors for the growth of the IGA market in the region.

Growing economies in the Middle East & Africa and South America are expected to show significant growth in terms of adoption of IGA solutions as the regions are showing fast adoption of new IT solutions and services. These regions are in the nascent phase and offer huge potential to grow in the upcoming years.

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Blockchain in Retail Market Highlights

The blockchain technology offers the retail industry an opportunity to accept cryptocurrencies for payments, enabling cross-border payments and micro-payments. Several retail companies such as Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, and Shopify are leading the way by adopting Bitcoin transactions. The study is a mix of quantitative market stats and qualitative analytical information to uncover Blockchain in Retail market size revenue breakdown by key business segments

Blockchain has immense potential to streamline transport and logistics processes to track every stage of a product’s journey with real-time information resulting in the reduction of stolen, lost, or damaged goods. Walmart Inc., an American multinational retail corporation, has already adopted the blockchain technology to keep track of each piece of pork sourced from China with detailed information regarding origin, processing and storage of the product. With the help of blockchain technology retailers are implementing transparency in the supply chain management. Wave, an Isreali company, provides blockchain technology to retailers to assist them in tracking their supply chains with the secured and paperless process. Blockchain allows retailers to capture data at every stage of customer interaction to assess customer buying patterns and trends. Retailers are proactively exploring blockchain’s capabilities along with artificial intelligence and big data analysis for customer loyalty schemes to store loyalty points within a single wallet making it easier to track and redeem the reward points.

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Key players

The prominent players in the market of Global Blockchain in Retail   are IBM Corporation, Microsoft Corporation, SAP SE, Amazon Web Services,Oracle Corporation, Bitfury USA Inc., Cisco Systems Inc., Cegeka, Auxesis Group, Blockpoint Systems, BlockApps, R3, Tata Consultancy Services Limited, Coin Sciences Ltd., and Cognizant.

The other market players include Coinbase, Bitpay, Blockverify (Venture Proxy Ltd), and Guardtime. 

Blockchain in Retail Market Segmentation

By type, the market has been segmented into public, private and consortium.

By platform, the market has been segmented into Bitcoin, Ripple, Ethereum, R3 Corda, Hyperledger Fabric, Multichain, Quorum and others

By organization size, the market has been segmented into Large enterprises and SMEs.

By application, the market has been segmented into compliance management, database management, auditing, payment management, inventory management, loyalty and rewards management, fraud management and others.

Regional Analysis

The global market for blockchain in retail is estimated to grow at a significant rate during the forecast period from 2018 to 2024. The geographic analysis of the blockchain in retail market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

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North America region dominates the market due to the presence of key market players of blockchain technology solutions that drives the market growth in this region. Many retail companies in the US, Canada, and Mexico have adopted blockchain technology to streamline critical business processes such as payments, supply chain, transportation, logistics, auditing and consumer loyalty schemes.

The market is witnessing a substantial growth in European countries, namely Germany, France, the UK, Spain, and Russia. European retailers are adopting cyptocurrencies to promote cross-border trade. For instance, a French retail giant, Carrefour SA has adopted blockchain ledger technology solution— IBM Food Trust—developed by IBM Corporation,  to track and trace chicken, eggs, and tomatoes shipped from farms to stores.

The market in Asia-Pacific region is expected to grow at a higher rate owing to the wide-scale adoption of blockchain solutions by retail enterprises in China, Japan, India, Australia, and Singapore. Adoption of blockchain by e-commerce enterprises and fashion brands is also expected to drive the market growth in this region.

The Middle East and Africa region presents immense opportunities for key market players as the retail and e-commerce enterprises in this region highly adopt  blockchain technology.

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Software Quality Assurance Market Synopsis

As per the latest study by Market Research Future Reports (MRFR), the global Software Quality Assurance Market is projected to flourish at a CAGR of 9.6%, valuing over 14.01 billion by the end of 2025. The increasing demand for monitoring the cost of manufacturing with efficient quality is the most significant factor driving the global software quality market 2020. Moreover, the deployment of advanced technologies like analytics for promising quality poses as a great opportunity to expand the market. Besides, the increasing demand for software quality assurance across several industries to provide profitable opportunities to the established manufacturers of the worldwide market has increased the demand. In addition, there has been a rise in the adoption of cloud-based applications. The enterprises are focusing on the demands of customers, which is another significant factor leading to market expansion. This report gives in-depth information of market competition landscape, Software Quality Assurance market dynamics, drivers, trends, opportunities, challenges, sales channels, distributors.

However, the security issues related to data security are likely to be the restraining factor for the expansion of the market.

The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Furthermore, a precise evaluation of factors augmenting and impeding the market in the post-COVID-19 environment has been analyzed. We will provide COVID-19 impact analysis with the report.

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Software Quality Assurance Market Segmentation

The global software quality assurance market can be segregated on the basis of deployment, organization size, solution, vertical, and region.

On the basis of deployment, the global software quality assurance can be classified into the cloud and on-premise.

On the basis of organization size, global software quality assurance can be classified into small- and medium-sized enterprises (SME), and large enterprise.

On the basis of solution, the global software quality assurance can be classified into non-conformances/corrective & preventative, supplier quality management, change management, audit management, document control, complaint handling, employee training, calibration management, and others.

On the basis of vertical, the global software quality assurance can be classified into defense & aerospace, IT & telecom, transportation & logistics, manufacturing, consumer goods & retail, healthcare, and others.

On the basis of region, the global software quality assurance can be classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Software Quality Assurance Market Regional Analysis

The regional evaluation of North America, Europe, Asia-Pacific, the Middle East & Africa, and South America has been carried out. As per the analysis by MRFR, North America dominates the global market. It accounts for the largest market share due to the rapid adoption of software quality assurance solutions by enterprises. The major contribution comes from the US, Mexico, and Canada. Among all nations, the US dominates North America. Besides, the US is the most advanced country in the world. Moreover, there has been a surge in the usage of cloud-based applications.

Europe is anticipated to experience decent growth during the forecast period. Besides, there has been a fast adoption of software quality assurance in the manufacturing sector is influencing the market.

Furthermore, the APAC region is projected to experience exponential growth during the review period. Among all nations, India, China, and Taiwan make the most significant contribution to actuating the market. Moreover, the increasing focus to meet the demands of consumers is another significant factor driving the regional market.

Software Quality Assurance Market Key Players

The established players of the global software quality assurance market are Oracle Corporation (US), Microsoft Corporation (US), Siemens AG (Germany), MetricStream, Inc. (the US), Iqms, Inc. (the US), Pilgrim Quality Solution, Inc. (the US), EtQ Management Consultants, Inc. (the US), Unipoint Software, Inc. (Canada),  Verse Solutions, Inc. (US), Enablon (France), QT9 Software (US), Cority Software Inc. (Canada),  Biovia Corp (US), Sparta Systems Inc. (US), SAP SE (Germany), and few others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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