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The Encoder Market is expected to witness moderate growth, registering a 7.7% CAGR during the forecast period (2022 – 2030). The Market is projected to reach US$ 2.17 Bn in 2022 and US$ 3.95 Bn by 2030.

Key Takeaways of Encoder Market Study

• The optical sensing encoders segment is expected to witness a notable growth rate, owing to increasing demand for enhanced resolution and accuracy for optical technologies
• South Asia & Pacific is expected to create lucrative growth opportunities for players in the encoder market, attributed to the rapid growth of the automobile and manufacturing industry in the region
• The market concentration in the global market is consolidated, over half of the market share is expected to hold by the top 10-12 manufacturers
• Key players in the market are focusing on acquisitions to complement their product portfolio to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end-users to improve direct customer relations

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Encoder Market Landscape

The global encoder market is highly competitive due to presence of a large number of medium- and large-sized encoder manufacturers and service providers.

Tier-I participants in the encoder market are estimated to hold around 45%-55% of the market share. Product development and innovation is the key strategy of encoder manufacturers in the encoder market to increase their market presence and enhance end user experience.

For instance, June 2020, FRABA B.V. introduced an inexpensive and flexible alternative for safety-critical motion control systems. It provides various application for new safety-ready encoders range from heavy construction equipment and mobile machines.

This report provides valuable insights at the company level, focusing on product innovation in the encoder market, along with business and marketing strategies of emerging market players.

Some market players included in the report are OMRON Corporation, Baumer Electric AG, Schneider Electric, Panasonic Corporation, Renishaw plc, Honeywell International, Inc., Rockwell Automation, Inc., and amongst others.

Impact of COVID-19 Pandemic Outbreak on Encoder Market

The worldwide spread of COVID-19 pandemic in Q1, 2020 has impacted the production of encoder products such as linear encoders, and rotary encoders and has also disrupted the encoder products industry and supply chain during the lockdowns. The majority of the end-use industries manufacturing facilities have been shut down for the preventive measures against the COVID-19 epidemic.

Moreover, in 2020, the production is expected to witness a slowdown, and the majority of manufacturers are expected to maintain the inventory level.

Before COVID-19, the global market for encoder was anticipated to increase at 7.5%-8% market growth in 2019, whereas post-COVID-19 scenario, the market for encoder is projected to declining growth of -1.5% as compared to original forecast 2019.

The COVID-19 crisis is expected to add to an uncertain long term impact on the global market. The global encoder market is expected to witness rebound from the first to the second quarter of 2021.

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Future Outlook for Encoder Market

Encoder products are used in different industries applications such as automotive, consumer electronics, aerospace & defense, healthcare & medical devices, industrial and among others.

Increasing usage of the encoder in industrial applications due to the adoption of upcoming technologies such as automation, robotics, and smart manufacturing is expected to offer lucrative growth opportunities in the encoder market.

A major growth driver of the global encoder market is the increasing number of orders placed for advanced and expanding applications, along with transition of traditional and manual controls to state-of-art automation.

More Valuable Insights on Encoder Market Report

Future Market Insights offers an unbiased analysis of the global encoder market, providing historical data for 2015-2019 and forecast statistics from 2022-2030.

Encoder Industry Survey Segmentation

Encoder Market by Type:

• Linear Encoders
• Rotary Encoders

Encoder Market by Position Signal:

• Absolute Encoders
• Incremental Encoders

Encoder Market by Sensing Technology:

• Optical Sensing Encoders
• Magnetic Sensing Encoders
• Capacitive Encoders
• Inductive Encoders

Encoder Market by Application:

• Automotive
• Consumer Electronics
• Aerospace & Defense
• Healthcare & Medical Devices
• Industrial
• Others

Encoder Market by Region:

• North America Encoder Market
• Latin America Encoder Market
• Europe Encoder Market
• East Asia Encoder Market
• South Asia and Pacific Encoder Market
• Middle East and Africa Encoder Market

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The global customer communications management market is expected to advance at a CAGR of 10% throughout the forecast period, rising from a valuation of US$ 1.4 Bn in 2022 to US$ 3.7 Bn by 2032.

Increased use of customer communications management solutions and services across different sectors, including IT and telecom, retailing and commerce, healthcare, BFSI, travel and tourism, government, utilities, and other verticals, are the primary growth factors for the demand for customer communications management.

As multi-channel marketing and customer experience management become more advanced, as well as increased usage of mobility and analytics for customer communication management, the market for customer communication management software is constantly growing. These technologies allow businesses to create, manage, and distribute consumer communications across all channels while providing a consistent and personalized experience.

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Customer communication management software is being driven by the demand for enterprises to enhance the customer experience and attract more consumers through a competitive, highly customized customer care program. The sales of customer communications management are also being fueled by enhancing agility and reliability across all consumer communications in order to discover and respond to market opportunities.

The cloud-based platform is constantly growing, allowing software applications to be deployed without the hassle and expense of managing and obtaining the underlying software and hardware layers. In order to add value to their goods, SMEs are emphasizing improved client interactions. The customer communications management software platform is planned to develop in a cloud-based ecosystem to serve both large and small businesses. As a result, businesses are expected to migrate to a cloud infrastructure in order to increase communication system flexibility.

As per the global customer communications management market study, the increasing requirement to keep users involved through communication over numerous channels is one of the primary factors driving the customer communications management market share. Customers in today’s technology-driven world want to communicate with businesses via their preferred channels, such as voice, email, online, mobile, SMS, and social media, whenever and wherever they choose.

Companies are encouraging client interactions across these many channels in order to stay competitive. However, offering a seamless CX is still hampered by the fact that these many channels remain in silos, preventing an organization from providing an omnichannel experience to the customer. More organizations are likely to migrate to omnichannel in 2021, moving away from a siloed approach. This has had a positive influence on the customer communications management market outlook.

Key Takeaways

• The solutions segment of the customer communications management market is anticipated to rise at a CAGR of 10% throughout the forecast period.
• The China customer communications management market size is expected to be valued at US$ 272.9 Mn by the end of the forecast period. Organizations have increased their offers in the CCM market as internet penetration and per-user online consumption has increased. This rapid expansion is due to the increasing rate of technological adoption.
• Because of several industry-leading businesses such as Open Text Corporation, Adobe, and others, North America is likely to hold a considerable customer communications management market share. Furthermore, due to the increased usage of technologies such as social media and mobility for customer relationship management in these countries, the market opportunity for customer communications management is growing.
• The customer communications management market size is projected to rise at a CAGR of 9.8% throughout the forecast period.

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Competitive Landscape

Adobe, Open Text Corporation, Newgen Software Technologies Ltd., Oracle Corporation, Smart Communications, Capgemini, Quadient, Sefas Innovation, Inc., Napersoft, Inc., Hyland Software, Inc., Doxim, Messagepoint, Inc., HelpCrunch Corporation, Braze, Podium Corp Inc., Doxim, and others are among the major players in the global customer communication management market.

Key Segments

By Component:

• Solutions
• Services

By Deployment Mode:

• On-premises
• Cloud

By Organization Size:

• Large Enterprises
• SMEs

By Verticals:

• IT and Telecom
• Retail and eCommerce
• BFSI
• Healthcare
• Travel and Hospitality
• Government
• Utilities
• Other

By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global cloud database and DBaaS market are expected to rise at a CAGR of 14% throughout the forecast period, growing from a valuation of US$ 16 Bn in 2022 to US$ 59.5 Bn by 2032. The increased demand for cloud database and DBaaS and self-driving cloud databases and the ability to process low-latency queries are driving the cloud database and DBaaS business.

The introduction of autonomous databases is a primary driver of the DBaaS and cloud database markets. This is due to its machine learning-based capability, which automates standard database activities, including database optimization, security, backups, and upgrades.

A rise in current workloads as a result of the ongoing COVID-19 epidemic is predicted to promote the cloud database and DBaaS market growth. DBaaS reduces DBA errors, which can have a disastrous impact on an application’s performance, uptime, and security, increasing demand.

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Through automation, data analytics has spread across many industries, supporting the expansion of the DBaaS and cloud database markets. This is due to the creation of autonomous data models that use AI and machine learning algorithms to automate provisioning, change management, upgrades, privacy, reliability, performance, and error prevention from start to finish. Cloud computing technology is in high demand because it lowers total infrastructure costs, which is projected to boost the cloud database and DBaaS market expansion throughout the forecast period.

One of the security concerns impeding the expansion of the DBaaS and cloud database markets is a data breach. Due to security flaws, data theft or breaches have financial consequences and have a detrimental influence on an organization’s brand.

As a result, security breaches expose a corporation to a variety of data privacy risks. For example, if a hacker acquires access to personal or private data kept in the cloud, such as a customer’s credit card number or e-mail address, financial losses are very likely.  As per the global cloud database and DBaaS market study, because most information is housed online, data theft becomes more critical, harming millions of customers or employees and stifling market progress.

Key Takeaways

• One of the primary factors projected to drive the cloud database and DBaaS market growth is the growing need for self-driving cloud databases.
• The solution component of the cloud database and DBaas market is expected to rise at a CAGR of 14.2% throughout the forecast period.
• The structured query language segment is projected to rise at a CAGR of 13.6% throughout the forecast period.
• North America is predicted to be the most advanced region in terms of cloud database and DBaaS adoption.

BFSI, consumer goods and retail, healthcare, and life sciences, telecom and IT, government, media and entertainment, manufacturing, and energy and utilities are just a few of the main industries that have embraced cloud database and DBaaS solutions and services.

Competitive Landscape

IBM Corporation, Microsoft Corporation, Alibaba Group Holding Limited, EnterpriseDB Corporation, Oracle Corporation, MongoDB Inc., SAP SE, Redis Labs Ltd., Rackspace Inc., Tencent Holdings Ltd., DataStax Inc., CenturyLink Inc., Amazon Web Services Inc., Teradata Corporation, and Neo4j Inc. are some of the major players in the global cloud database and DBaaS market.

To extend their customer base and achieve a greater market share, players in the cloud database and DBaaS market are focusing on adding new features to their products which is positively impacting the cloud database and DBaaS market adoption trends.

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Key Segments

By Database Type:

• Structured Query Language (SQL)
• Not only Structured Query Language (NoSQL)

By Component:

• Solution
• Services

Cloud Database and DBaaS Market By Service:

• Professional Services
• Consulting
• Implementation
• Support and Maintenance
• Managed Services

By Deployment Model:

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Vertical:

• Banking, Financial Services and Insurance (BFSI)
• Telecom and Information Technology (IT)
• Government
• Consumer Goods and Retail
• Manufacturing
• Energy and Utilities
• Media and Entertainment
• Healthcare and Life Sciences
• Others (Education, Travel and Hospitality, and Transportation)

By Region:

• North America
• Europe
• APAC
• Middle East and Africa (MEA)
• Latin America

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The Cloud Computing Market is projected to grow at a robust CAGR of 13.7% and is predicted to reach from US$ 517.9 Billion in 2022 to US$ 1.9 Trillion in 2032.

While Asia Pacific’s technology expenditure has surged, a setback owing to the recent COVID-19 pandemic is on the horizon. Cloud technology usage is likely to expand in areas where the WFH effort is assisting in the maintenance of corporate business processes. The emergence of developing technologies such as Artificial Intelligence (AI) and machine learning facilitates cloud expansion by allowing businesses to tap into AI capabilities.

The COVID-19 pandemic has emerged as a major threat to the global economy. Cloud computing may help businesses overcome the business continuity difficulties posed by lockdown, work from home, social distance, and other cloud computing market demands.

However, as a result of the pandemic, firms, managers, and workers are increasingly opting for remote working. Remote working has emerged as the current trend and is predicted to remain in the long run.

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Cloud computing is used in many applications via the Infrastructure as a Service, Platform as a Service, and Software as a Service model; the high initial and ongoing costs remain a barrier to the cloud computing business.

Cloud computing compels enterprises to deal with the same network security models and physical security constraints for more remote servers, where security footprints and traffic patterns are visible to everyone, compromising database security and posing a problem.

Key Takeaways:

• The solutions from the cloud computing market are expected to grow at the fastest CAGR of 15.1% in the component sector.
• Public cloud is expected to grow at a high rate in the deployment type sector of the cloud computing market, with a CAGR of 15.0%.
• The market size for cloud computing in the United States is expected to reach US$ 6 Billion by 2032, growing at a CAGR of 15.0% during the research period.
• United Kingdom is expected to reach a market size of US$ 693.9 Million in cloud computing by 2032, with a CAGR of 13.9% during the research period.
• China’s cloud computing market is expected to be worth US$ 1.2 Billion by 2032, with a CAGR of 14.5% over the forecast period.
• Japan is expected to have a market size for cloud computing of US$ 1 Billion by 2032, with a CAGR of 13.4% during the research period.
• By 2032, South Korea is expected to reach a market size of US$ 606.7 Million in cloud computing, with a CAGR of 13.0% during the research period.

Significantly, as organizations attempt to improve their digital activities, public cloud services have acquired significant popularity in the Asia Pacific. With the need to attain better company agility and customer satisfaction, cloud computing has become the foundation of how many firms function today.

As the benefits such as on-demand availability and cheap cost, start-ups, and SMEs are increasingly turning to cloud services. Additionally, they free up workers’ time to focus on other mission-critical duties. These incentives are encouraging businesses to rapidly embrace cloud computing services.

List of Key Players Covered in Cloud Computing Market are:

• AWS
• Microsoft
• IBM
• Salesforce
• Google
• Oracle
• SAP
• Alibaba Cloud
• Adobe
• Workday

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To expand their cloud computing market offers, asset performance management vendors have employed a variety of organic and inorganic development tactics, such as new product releases in the cloud computing market, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. AWS, Microsoft, IBM, Salesforce, Google, and others dominate the cloud computing sector.

The current competitive environment and global economic conditions have hastened the adoption of cost-effective ways to reorganize company models. The rising movement of organizations toward digital transformation and the acceleration of customer experience are a few more factors driving the use of cloud computing services, eventually lowering corporate costs.

Furthermore, the cloud has the benefit of a pay-as-you-go approach, which allows organizations to pay for cloud services based on their utilization, resulting in lower costs.

Key Segments

By Service Model:

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

By Deployment Model:

• Public Model
• Private Cloud

By Organization Size:

• Small and Medium-Sized Enterprises
• Large Enterprises

By Vertical:

• BFSI
• Telecommunications
• IT and ITeS
• Government and Public Sector
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Media and Entertainment

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By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to the DDoS protection industry analysis carried out by Future Market Insights (FMI), the demand registered in the market will increase at a noteworthy CAGR of around 15.3% from 2022 to 2032. The report states that the market is expected to reach a valuation of ~US$ 6530.5 Mn by end of 2032. As per Future Market Insights, ease of availability of DDoS-for-hire services, high demand for cloud-based and hybrid DDoS protection solutions and a rise in multi-vector DDoS attacks to drive the growth of DDoS protection market in the coming years.

Furthermore, regulations governing CIP and services and the convergence of IT and operational technology (OT) systems are expected to drive the DDoS protection market and present attractive growth possibilities for DDoS protection solution vendors.

Cyberattacks on websites are on the rise, requiring organizations to invest in comprehensive security services to reduce risks in an ever-changing threat landscape. As more businesses and service providers use DDoS protection systems, the need for supporting services is expected to grow.

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Key Takeaways: DDoS Protection Market

• By solution, the software segment is expected to dominate with a leading CAGR of 0% in the global demand for DDoS protection over the forecast period, followed by services segment.
• By deployment, the cloud-based DDoS protection solutions are growing dominant with a CAGR of close to 0% between 2022 & 2032.
• By enterprise size, demand for DDoS protection solutions from small & medium enterprises (SMEs) is estimated to be growing at higher rate than large enterprises.
• By industry, BFSI industry showing highest growth with dominant market share by 2032. However, the healthcare industry is projected to showcase a tremendous growth of close to 19% between 2022 & 2032.
• By region, North America currently holds highest market share of around 32% in DDoS protection market in 2021, but South Asia & Pacific region is showing highest growth of ~22% CAGR throughout 2032.

Intensifying DDoS Attacks from Tech firms to Government Organizations to Propel Demand

Presently the DDoS attacks have expanded in terms of volume, rate, landscape, and technology from a mere hobby to a particular agenda which include threats from hackers, cyber-terrorists, partners, customers, rival companies etc.

For instance, massive ransom DDoS attacks and ransomware campaigns disrupted aspects of critical infrastructure around the world (including one of the largest petroleum pipeline system operators in the US) in the first half of 2021, as well as a vulnerability in IT management software that targeted the public sector, schools, credit unions, and travel organizations, to name a few.

Because of the heightened connection provided by mobile and cloud computing, as well as the increasing threat of sophisticated assaults, there is a growing demand for DDoS protection solutions. The majority of manufacturers are investing billions of dollars in R&D to produce effective firewalls and DDoS protection.

5G Technology is Likely to Fuel Botnet-driven DDoS Attacks in Near Future

As the globe prepares to welcome in greater speeds and bandwidth capabilities to mobile devices with 5G internet, it must not be overlooked that fraudsters can use these exact capabilities of 5G-enabled mobile devices to conduct large DDoS attacks. Even a small number of such high-capability devices will be enough to do significant damage.

Only enterprises with comprehensive DDoS attack mitigation systems in place will be able to survive these attacks, which are rising in quantity, scale, intensity, complexity, and sophistication. Such factors are estimated to drive the demand for advanced DDoS protection solutions during the forecast period.

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More Valuable Insights on DDoS Protection Market

Future Market Insight’s report on the data center substation industry research is segmented into four major sections – solution (hardware, software, and services), deployment (cloud-based and on-premises), enterprise size (large enterprises and SMEs), Industry (BFSI, healthcare, manufacturing, IT & telecom, retail, government, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the DDoS protection demand outlook.

DDoS Protection Outlook by Category

By Type, DDoS Protection Demand is segmented as:

• Hardware
• Software
• Services

By Deployment, DDoS Protection Outlook is segmented as:

• Cloud-based
• On-premises

By Enterprise Size, DDoS Protection Outlook is segmented as:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Industry, DDoS Protection Outlook is segmented as:

• IT & Telecom
• BFSI
• Healthcare
• Manufacturing
• Retail
• Government
• Others

By Region, DDoS Protection Sales is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The Customer Engagement Solutions revenues were estimated at US$ 17.4 Bn in 2021 and is anticipated to grow at a CAGR of 10.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55 Bn.

Businesses are making significant investments in customer interaction technologies in order to increase customer conversion and retention rates and create more effective sales teams. In order to improve customer service and connections, which will ultimately result in better sales and revenue, CRM software assists in gathering customer data and analyzing prior customer encounters.

Due to the widespread use of the internet, it is projected that the market for customer engagement solutions would grow fast in the forthcoming years. Customer engagement solutions use the internet to reply to consumer inquiries digitally using media such as email, social media, live chat, and messaging programs.

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According to Internet World Stats, a US-based provider of internet statistics, the number of internet users worldwide climbed from 4.5 Bn in June 2019 to 5.1 Bn in March 2021, with a penetration rate of 65.6%. The typical internet user logs on for 6 hours and 43 minutes per day. Therefore, the increased usage of the internet is driving the demand for client engagement solutions.

The food industry aggressively uses big data to grow and maintain its competitiveness. The growth of the e-commerce industry has increased the availability of data regarding online consumer behavior.

These statistics show that more customer engagement technologies are being adopted by the food and beverage industry. Consumer purchase trends are being examined and researched using data analytics. Businesses employ big data technologies to enhance customer interactions and personalize experiences.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Customer Engagement Solutions market are focused on alliances, technology collaborations, and product launch strategies.

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Some of the recent developments of key Customer Engagement Solutions providers are as follows:

• In March 2022, Microsoft’s acquisition of Nuance Communications, Inc. with their security-focused, cloud-based products supplemented with robust, vertically targeted AI. Microsoft and Nuance will provide organizations across industries with the tools they need to achieve their goals faster. Customers will gain from the improved consumer, patient, clinician, and employee experiences as well as, eventually, from higher productivity and financial success.
• In July 2021, Salesforce acquired Slack. With this acquisition, Salesforce will be able to offer the Slack-first Customer 360, giving companies a single point of accountability for their operations as well as a platform to connect employees, clients, and partners with one another and the daily-use apps they use, all within their existing workflows.
• In June 2019, a new standard for the customer experience sector is being established with the acquisition of Teleopti by Calabrio. The industry-leading, real multi-tenant SaaS customer experience intelligence platform is created by combining the workforce management software from Teleopti and the customer experience solutions from Calabrio.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Customer Engagement Solutions   Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Customer Engagement Solutions in terms of component, Solution (Omni Channel, Workforce Optimization, Others) Services (Managed Services Professional Services) Deployment (On-Premises, Cloud) Organization Size (Small and Medium Enterprises, Large Enterprises) Verticals (Banking, Financial Services, and Insurance, Telecom and IT, Retail and Consumer Goods, Media and Entertainment, Education & Training, Other End-user Industries) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Customer Engagement Solutions Market Segmentation

By Component:

• Solution
  • Omni Channel
  • Workforce Optimization
  • Others
• Services
  • Managed Services
  • Professional Services

By Deployment Type:

• On-Premises
• Cloud

By Organization Size:

• Small and Medium Enterprises
• Large Enterprises

By Verticals:

• Banking, Financial Services, and Insurance
• Telecom and IT
• Retail and Consumer Goods
• Media and Entertainment
• Education & Training
• Other End-user Industries

By Region:

• North America
• Latin America
• Europe
• APAC
• MEA

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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