Platform Architecture Industry Recent Trends, Leading Players, Segments & Regional Forecast 2022-2032

The worldwide platform architecture market size is assessed to be esteemed at US$ 5,127.0 Million out of 2022 and is supposed to arrive at US$ 19,235.0 Million by 2032, with a CAGR of 14.1% from 2022 to 2032.

Platform architecture are adopted by several enterprises in order to analyze system performance on a single screen. Platform architecture is a standard graphical environment which is used for capturing, simulating, and analyzing data.

Platform architecture permits system designers to optimize and explore hardware-software partitioning and infrastructure configuration to achieve precise system performance and it is cost effective.

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Platform architecture helps architects to build task driven work-load models for early architect analysis.

Enterprises are implementing platform architecture which help them to respond quickly to the changing market conditions and it also improves operational efficiency.

Platform Architecture Market: Drivers and Challenges

Cloud and internet of things (IoT) platform architectures are the major factors driving the platform architecture market. Internet of things platform architecture helps to set a base for building, managing and for securing fundamentals in the IoT. Moreover, Enterprises are implementing cloud platform architecture to provide both a runtime environment and development to cloud application through its various services such as platform as a service (PaaS).

Cloud platform architecture offers several solutions such as on-demand extension and on-premise extension. Hadoop architecture platform is one of the emerging and another factor driving the platform architecture market in positive manner .

Developing a scalable architecture for an application is one of the major challenge faced by the platform architecture market.

Platform Architecture Market: Regional Overview

Presently, North America region is holding the largest market share of platform architecture market owing to rapid implementation of Hadoop platforms architectures by most of the enterprises.

In Europe and APAC region, the market of platform architecture is growing in positive manner owing to adoption of cloud based platforms by small and large enterprises.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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What is the Competition Landscape in the Platform Architecture Market?

Some of the leading companies operating in the global platform architecture market include SAP SE, Cisco, Google, Synopsys Inc., Microsoft Corp., Oracle, IBM Corp., Apprenda Inc., RNF technologies.

This is increasing competition in the platform architecture market as new entrants backed by venture capital firms enter the market with innovative designs and advanced solutions. Major players are focusing on strategic acquisitions to acquire significant platform architecture market shares.

Recent Developments in the Platform Architecture Market:

  • By partnering with Bergmann, a design and architecture service provider, Colliers, a professional services and investment management company, aimed to grow its geographic footprint. Architects frequently face obstacles in communicating their ideas and delivering complex designs.
  • In January 2021, Gensler announced its partnership with Forge Development Partners, as part of which Gensler became Forge Development Partners’ chief architect and interior designer. This helped Gensler enhance its business by catering to Forge Development Partners.
  • IBI Group, a global architectural services provider, announced in December 2021 it purchased Teranis Consulting Ltd., an environmental consulting firm. The acquisition will help IBI Group enhance its sustainability and environmental management services.

Platform Architecture Market: Segmentation

Segmentation on the basis of deployment type:

  • Cloud based
  • On-premise

Segmentation on the basis of services type:

  • Software-as-a-service (saas)
  • Platform-as-a-service (paas)

Segmentation on the basis of verticals:

  • IT and Telecom
  • Government
  • BFSI
  • Retail
  • Manufacturing
  • Others

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

To Continue TOC…

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Microwave Backhaul System Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2022-2032

The microwave backhaul system market is assessed to ascend to US$ 1.5 Billion of every 2022 and is probably going to arrive at US$ 4.1 Billion by 2032 with a CAGR of 10.7% during the conjecture time frame from 2022 to 2032.

Microwave backhaul systems are used for transferring digital data between two distributed points over a radio link. Microwave backhaul technologies are adopted by several mobile operators across the world to transfer huge data traffic over a communication links. Moreover, microwave backhaul systems are growing rapidly as they are capable to deliver large capacity of data with minimized cost.

Microwave backhaul system solutions has numerous advantages such as improved spectrum usage and low maintenance cost. Additionally, they are adopted by several enterprises to improve their service level and efficiency, which is the most important aspect in certain applications such as border security and high definition video surveillance systems.

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As the technologies are emerging rapidly, the need of microwave system has increased to transfer digital data at high speed. Microwave backhaul systems are easy to integrate and also has a reliable performance.

Microwave Backhaul System Market: Drivers and Challenges

The major factors that are driving the growth of microwave backhaul system market is the rising need of increasing data transfer through network. As technologies are rapidly growing in every sector owing to this enterprises are focusing on adoption of microwave backhaul system solution and services to improve their operational capabilities in terms of speed and performance.

Moreover, this technology is adopted by most of the telecom providers for executing upcoming 5G technology. Another factor driving the growth of Microwave backhaul systems market is the rising usage of microwave backhaul system for improvement of public safety applications such as video surveillance system.

The major challenge faced by the microwave backhaul system market is managing data traffic in effective way.

Microwave Backhaul System Market: Key Players

Some of the key players of the market of microwave backhaul system are: Alcatel Lucent, Cisco Systems, Ericsson, Huawei Technologies, Nokia, Trango Systems, Microsemi Corporation, Tessco technologies Incorporated, Comsearch, Alpha omega wireless Inc., Capacity Media. And Penton.

Microwave Backhaul System Market: Regional Overview

On the basis of geography, Microwave backhaul system market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the microwave backhaul system market in North America is expected to dominate during the forecast period owing rising demand of microwave backhaul solution because of the huge demand for managing critical infrastructure and assest. North America region is expected to be followed by Western Europe and APAC.

In Europe and Asia pacific region, the market of microwave backhaul system has significant growth owing to slow adoption and less awareness of technology by small and large scale enterprises.

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The report covers exhaustive analysis on

  • Microwave Backhaul SystemMarket Segments
  • Microwave Backhaul SystemMarket Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Microwave Backhaul SystemMarket Size & Forecast 2017 To 2027
  • Supply & Demand Value Chain
  • Microwave Backhaul SystemMarket Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Microwave Backhaul SystemValue Chain
  • Microwave Backhaul SystemMarket Drivers and Restraints

Regional analysis for Microwave Backhaul System Market includes

  • Microwave Backhaul SystemMarket by North America
    • US & Canada
  • Microwave Backhaul SystemMarket by Latin America
    • Brazil, Argentina & Others
  • Microwave Backhaul SystemMarket by Western Europe
    • EU5
    • Nordics
    • Benelux
  • Microwave Backhaul SystemMarket by Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Microwave Backhaul SystemMarket by Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Microwave Backhaul SystemMarket by Japan
  • Microwave Backhaul SystemMarket by the Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Microwave Backhaul System Market: Segmentation

Segmentation of microwave backhaul on the basis of services:

  • Network services
  • Professional services

Segmentation on the basis of application:

  • Automotive
  • Communication
  • Commercial Aviation
  • Defense
  • Industrial
  • Others

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Micro Display Market Analysis, Future Growth, Segmentation, Competitive Landscape, Key Trends & Forecast 2022-2032

The worldwide micro display market holds a determined portion of US$ 1267 million of every 2022 and is probably going to outperform US$ 7330 million by 2032, pushing forward with a CAGR of 19.2% during the conjecture time frame 2022 – 2032

The market for Micro Displays is anticipated to witness healthy double digit growth rates in near future. A significant factor driving the market being increased adoption of near-to-eye devices. A Micro Display is a basically a compact sized display with a diagonal of nearly two inch length.

These displays owing to their compact size and high resolution find application in numerous industry verticals such as electronics, military, automotive, medical and many more, automotive being the most important one.

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Also, the market growth is further fuelled by the increasing demand for multi-purpose helicopters. Multi-purpose helicopters are continuously gaining traction in military sector due to their enhanced capabilities. As a result, the adoption of Micro Displays is expected to increase in near future.

Global Micro Display Market: Market Dynamics

Increasing adoption of augmented reality devices and near to eye devices and numerous benefits is the major factor driving the growth of Micro Displays market. The near to eye display devices such as head mounted displays, head up displays, electronic view finders, find critical applications in automotive sector.

Moreover, the augmented reality devices market is witnessing large adoption in industrial applications such as in warehouse management, inspection activities, maintenance activities and to provide on-job training to field workers. Also, the head mounted displays are used in gaming and entertainment devices.

Also, the Micro Displays offers numerous benefits such as high resolution, compact sizes, user-configurable technology, low-power consumption, high contrast ratio and high pixel density which are the most important features for smart glasses, smart watches, smart bands and many more. Thus, the Micro Displays market finds strong growth potential in different industry verticals such as automotive, gaming and entertainment.

However, low picture quality at high temperatures and high costs involved are the factors which can thwart the market growth for micro-displays market. However, the on-going research and development is anticipated to eliminate these shortcoming and entry of numerous market players is expected to decline price of Micro Displays market.

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Global Micro Display Market: Competition Landscape

The key vendors in the global micro display market are eMagin Corporation, Universal Display Corporation, Micron Technology Inc., LG Display Co. Ltd, Sony Corporation, Kopin Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., Seiko Epson Corporation and Syndiant.

Key Development

In May 2017, BOE and OLiGHTEK formed a joint venture with an aim to manufacture OLED Micro Displays for Virtual and Augmented Reality Markets.

Global Micro Display Market: Regional Outlook

Regionally, the global Micro Display market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The North America is the largest contributor to micro display market owing to high focus on innovations obtained from Research and Development (R&D). Asia Pacific is however anticipated to witness highest CAGR owing to increasing number of market players. North America, followed by Europe, is the second largest contributor to the market and is expected to witness moderate CAGR in near future.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Global Micro Display Market: Segmentation

Global micro display market is segmented on the basis of technology, application and region.

On the basis of technology, the global micro display market can be segmented into:

  • LCD
  • DLP
  • OLED
  • and others

On the basis of application, the global micro display market can be segmented into:

  • Industrial
  • consumer
  • defense
  • commercial
  • medical
  • education
  • automotive
  • military & aerospace.

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Hardware Security Module Market Current Demand, Analysis, Growth & Forecast 2022-2032

The worldwide hardware security module (HSM) market income added up to US$ 1.2 Bn in 2021. The market is supposed to arrive at US$ 6.6 Bn by 2032, showing development at a 16.2% CAGR somewhere in the range of 2022 and 2032.

A hardware security module is also referred to as Secure Application Module (SAM), Personal Computer Security Module (PCSM), Tamper Resistance Security Module (TRSM), Secure Signature Creation Device (SSCD), hardware cryptographic device, or cryptographic module.

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Security Applications Spreading Roots Fast, in the IoT Space

The rising adoption of next-generation security solutions, which is a remarkable trend in the market, aids in improving the products as well as the operational efficiency of enterprises. Existing security solutions are evolving towards context-aware computing technology, which enables enterprises to detect advanced threats in a drastically changing environment. This factor is expected to create potential opportunities in the global cyber security market over the forecast period.

Enterprises are progressively implementing Internet of Things (IoT)-based solutions. IoT solution providers are integrating cyber security solutions to reduce cyber-attacks on connected devices to identify threats and to resolve susceptibilities before launching their products in the market. With growing applications of security solutions in the IoT space, the demand for hardware security modules is expected to rise significantly over the next few years.

Key Vendors Prioritize Competitive Pricing to Assure Security of Enterprise Ecosystem

Manufacturers are currently offering hardware security module systems that have the means to securely back up the keys that they handle in a wrapped form. Other hardware security modules back up keys via the operating system of computers or by using a smart card or some other externally usable security token.

Hardware security modules can make an organization achieve peak security standards for applications ranging from key management to data encryption and authentication. Hardware security modules play a vital role in an enterprise’s security ecosystem.

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However, the cost-per-unit factor of hardware security modules is significantly higher than their software-based counterparts. Moreover, Hardware Security Module-as-a-Service (HSMaaS) solutions offered by some vendors in the market are expensive. Though hardware security modules offer reliable security, cost is a major factor to be taken care of to capture the market as well as achieve market growth.

Several hardware security module vendors are making efforts to make hardware security module services available at reduced costs by means of cloudHSM. However, the incorporation of cloud in critical applications, such as key management and key storage, through HSM induces problems common to cloud infrastructures. As a result, cloud hardware security module services are still expensive and are required to be further enhanced.

SMEs have been known to ignore cyber threats. Such enterprises consider cyber security solutions as a non-priority investment, which is why several start-ups and SMEs incur high losses following ransomware attacks.

National governments across the globe have also started taking initiatives to improve their ICT infrastructure to facilitate digitisation in their respective economies. A major part of the ICT investment is diverted towards cyber security.

Some of the key players in the global hardware security module market research report include Gemalto NV; Thales E-Security Inc.; Utimaco GmbH; IBM Corporation; Futurex; Hewlett Packard Enterprise Company; ATOS SE; Yubico; Ultra Electronics; Swift; Ledger; and Spyrus, Inc.

Competitive landscape

Many key players in hardware security module market are focusing on investing heavily on innovation, research, and development practices to offer different solution for various industry applications. For enhancing the presence, customer base and solution offering market players are undergoing various strategies such as partnerships, collaborations and acquisitions.

  • For instance, in November 2018, Utimaco GmbH acquired Atalla Hardware Security Module (HSM) and Enterprise Secure Key Manager (ESKM) product lines from Micro Focus International plc. This acquisition strengthened Utimaco’s position in the payment and banking industry as banks and financial services look to embrace innovative and secure solutions.
  • Also, in November 2018, Yubico announced a new open-source hardware security module, i.e. the YubiHSM 2 Software Development Kit (SDK), which is available for developers and engineers to easily implement the YubiHSM 2 for an unlimited number of use cases.

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Hardware Security Module Market Outlook By Category

By Type:

  • LAN-Based HSM/Network-Attached HSM
  • PCIe-Based/Embedded Plugins HSM
  • USB-Based/Portable HSM

By Applications:

  • Payment Processing
  • Code and Document Signing
  • Secure Sockets Layer (SSL) and Transport Layer Security (TLS)
  • Authentication
  • Database Encryption
  • PKI or Credential Management
  • Application-Level Encryption

By Industry Vertical:

  • BFSI
  • Discrete Manufacturing
  • Process Manufacturing
  • Media
  • Professional Services
  • Retail
  • Healthcare
  • Energy & Utility
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • 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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Behavioral Biometrics Market New Opportunity & Demand Analysis, Forecast by 2031

As per Future Market Insights (FMI), The global  behavioral biometrics market revenue totaled ~US$ 1.1 Bn in 2020, according to Future Market Insights (FMI). The overall market is expected to reach ~US$ 11.2 Bn by 2031, growing at a CAGR of 23.6% for 2021 – 31.

Behavioral biometrics is an emerging technology that authenticates users based on patterns in their behavior. Behavioral biometric verification methods include gait analysis, keystroke dynamics, voice ID, signature analysis, mouse use characteristics, and cognitive biometrics.

Behavioral biometrics can be used to digitally identify a person to grant access to systems, devices, or data. It is used to identify criminal behavior and stolen/fake identities in the application flow and during online sessions. Continuous identity verification & validation helps to prevent account takeovers by detecting aberrant behavior.

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The security industry is increasingly adopting behavioral biometrics cloud-based software to gain significant benefits such as scalability, robustness, user-friendly access, low cost, reduced complexity, and a granular level of fraud detection and ensure the security of information. These solutions can help companies to improve their safety features and safeguard organizational data by allowing access to authorized persons.

Key Takeaways from Behavioral Biometrics Market Study

  • Identity verification & validation applications will account for more than 32% of the market, owing to higher demand of online transactions.
  • Behavioral biometrics software will reflect higher adoption rates holding 59.8% of the market, supported by enhanced security systems requirements of industry end users.
  • India, and Indonesia are leaders in the South Asia & Pacific market, registering a CAGR of over 38% and 34% through 2031, on the back of growing business requirements.
  • The market in the U.S. is projected to expand at a CAGR of 17.0% through 2031 backed by presence of a mature business sector.
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • Applications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban centers

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“Key players are focusing on the development and implementation of new solutions/technologies including next-generation identification solutions and behavioral biometrics technology to offer better security and high protection. Recent improvements in real-time authentication & fraud prevention will create opportunities for growth in the foreseeable future,” says a Future Market Insights (FMI) analyst.

Impact of COVID-19 on Behavioral Biometrics Market

The COVID-19 outbreak has disrupted many industries, including the behavioral biometrics market. The integration of behavioral biometrics technology is an important tool for tackling advanced threats while enabling innovation and growth at a better time.

The adoption of digital banking increased during COVID-19 pandemic. Financial institutions saw a 200%-250% increase in digital channel usage on average. Also, advanced fraud attacks have become an even bigger threat for banking and financial institutions.

The demand for behavioral biometrics software, human behavioral patterns, smart sensors, machine learning/deep learning, and biometric technologies increased during the lockdown implemented in response to the COVID-19 outbreak.

This is fueled the demand for behavioral biometrics. The behavioral biometrics market is grew by 4.8X from 2019-2020 and would see a surge in demand in the coming years, as enhanced security systems become the new norm.

Behavioral Biometrics for Continuous Authentication to Have Positive Impact on the Market

A continuous behavioral biometrics authentication system focuses on keystroke dynamics, application usage, mouse movements, and the system footprint. Behavioral biometrics with continuous authentication offers various applications such as stop account takeovers and automated attacks, verifying identity reliably for superior user experience, and strong customer authentication without sacrificing customers and others.

Integration of behavioral biometrics with customer services management applications has emerged as a prominent driver for the growth of the behavioral biometrics market. For instance, in December 2020, Plurilock has developed the behavioral biometrics infrastructure with significant optimizations for a new version of biometric technology, which is included in its Plurilock ADAPT multifactor authentication and Plurilock DEFEND continuous authentication solutions.

Behavioral Biometrics Market – Competitive Landscape

Implementation of behavioral biometrics facilitates secure authentication in financial institutions, businesses, government facilities and retail Point-of-Sale (POS), and in other environments. Behavioral biometric verification methods include keystroke dynamics, gait analysis, voice ID, mouse use characteristics, signature analysis and cognitive biometrics.

For instance, October 2021, BioCatch, a leading behavioral biometrics company launched behavioral biometric software to protect vulnerable segments of the population against fraud. The software is a new account opening protection capability that’s focused on shielding elderly consumers from fraudulent practices.

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Behavioral Biometrics Market Outlook by Category

By Solution, Behavioral Biometrics Demand is segmented as:

  • Behavioral Biometrics Software
    • Cloud-Based
    • On-Premise
  • Services
    • Professional Services
      • Consulting Services
      • Implementation Services
      • Support & Maintenance
    • Managed Services

By Application, Behavioral Biometrics Outlook is segmented as:

  • Identity Verification & Validation
  • Fraud Prevention
  • Multi-factor Authentication
  • Others

By Enterprise Size, Behavioral Biometrics Outlook is segmented as:

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

By Industry, Behavioral Biometrics Demand is segmented as:

  • Banking, Financial Services and Insurance (BFSI)
  • Retail and eCommerce
  • Healthcare
  • IT & Telecom
  • Government and Defense
  • Others

By Region, Behavioral Biometrics Sales is segmented as:

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

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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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SOC-as-a-Service Market Global Analysis, Size, Share, Incredible Growth, Detailed Analysis & Business Prospects by 2031

As per a recent analysis by Future Market Insights (FMI), the global SOC-as-a-Service market is projected to total US$ 1.08 Bn in 2021. Expanding at 24.3% CAGR, total revenue is anticipated to reach US$ 9.5 Bn by 2031.

Future Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global SOC-as-a-Service Market: Global Industry Analysis, Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.

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Rising incidence of data breach and cyber-attacks in small, medium, and large scale enterprises across the globe is spurring the demand for effective SOC-as-a-Service solutions. Prevalence of remote work culture due to worldwide lockdown restrictions is resulting in high risk for cybercrimes and phishing.

Key Points Covered in SOC-as-a-Service Market Survey

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on SOC-as-a-Service and how to Navigate
  • Recommendation on Key Winning Strategies

Competitive Landscape

Companies operating in the SOC-as-a-Service market are aiming at product innovation and strategic partnerships with other manufacturers to expand their product portfolios to  address the demand from an expanding customer pool. Fos instance:

  • In December 2020, Alert Logic, Inc. launched automated response solution for Amazon Web Services (AWS) environments. Alert Logic MDR SOAR delivers pre-built and customized playbooks ensure security teams to protect organizations from threats.
  • In December 2019, Fortinet, Inc. acquired CyberSponse. This acquisition helps the company to improve security orchestration, automation, and response addition to Fortier. Also it empowers security operations teams to achieve higher efficiencies and accelerate incident response.

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Queries Solved

  • What is the size of the overall SOC-as-a-Service Market in the Technology Industry and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the SOC-as-a-Service Market in the Technology Industry, and how they are expected to impact the market?
  • What is the SOC-as-a-Service Market in the Technology Industry size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in SOC-as-a-Service Market in the Technology Industry?

Segmentation

The SOC-as-a-Service market is segmented into application, form, end use industry, source and geography.

Based on Service Type:

  • Prevention Service
  • Detection Service
  • Incident Response Service
  • Others

Based on Application:

  • Network Security
  • Endpoint Security
  • Application Security
  • Others

Based on Industry:

  • BFSI
  • Healthcare
  • Government and Public Sector
  • IT and Telecom
  • Retail
  • Manufacturing
  • Others

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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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Composable-Disaggregated Infrastructure Market Development Status, Competition Analysis, Type & Application by 2031

According to newly released data on composable-disaggregated infrastructure industry analysis by Future Market Insights (FMI), the demand will increase at a CAGR of 26.3% during 2021-2031.

The report also forecasts the market to surpass a valuation of ~US$ 2.2 Bn by the end of 2021. As per FMI, rapid technological advancements in the data center industry have created growth prospects for composable/disaggregated infrastructure implementation.

Various data center manufacturers are establishing their offices or targeting on increasing the sales of their products in various countries. Owing to the presence of a large unaddressed customer base and high growth opportunities, key players with an intention of expanding their business in terms of value are strengthening their presence in the region.

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“Software defined infrastructure is becoming leading option for enterprises that want to invest in cost-effective, simplified IT management and eliminate platform silos in the datacenter. Thereby composable disaggregated infrastructure is going to be the top choice for enterprises as it helps to allocate the exact compute, storage or memory resources needed in any situation and also helps in increasing agility” says FMI analyst.  

Key Takeaways of Composable/Disaggregated Infrastructure Market

  • By component segment, the disaggregated hardware is anticipated to account for the leading share in the global Composable/disaggregated infrastructure demand during the forecast period. The segment is estimated to grow at a robust CAGR of 27.0% through 2031.
  • composable/disaggregated infrastructure sales forecast during the forecast period.
  • The U.S. is expected to lead the market followed by the U.K. and Germany in 2021.
  • Australia and New Zealand are anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in India is expected to progress at a CAGR of 36.8% through 2031.
  • In the GCC Countries, sales are expected to increase at a CAGR of close to 33% over the next ten years.

COVID-19 Impact Analysis on Composable/Disaggregated Infrastructure Market

The health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic particularly when it comes to delivering data. IT operations associated with data centers got drastically disrupted during this pandemic.

Physically moving servers, closing buildings and opening a new space, is massively more complicated in the Covid-19 world. However, the pandemic has forced the organizations to adopt digitalization, as there is increasing demand for remote working calls for increasing mobilization of cloud computing to cope with increasing demand for data.

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Hence, the pandemic has accelerated the digital transformation and understood the value and role of data centers in the face of global disruptions.  Countries have experienced exponential growth in data demand.

This pandemic has underscored the importance of digital technology and data centers and has increased the adoption of servers during the pandemic. It is also expected to witness significant growth during and post-pandemic era.

Deployment of 5G Network Will Generate Demand for Composable Solution

5G plays vital role in improving the economic growth and several countries are planning to adopt 5G technologies for transforming their existing business processes. Increasing implementation of 5G network across the globe will increase the demand for composable solution.

Fifth-generation (5G) cellular network technology is not only limited to provide speedier content downloads, but it is capable to transform the way people conduct their day-to-day activities and business from the Internet of Things (IoT) to Artificial Intelligence (AI).

This is due to the increased power and processing requirements of 5G infrastructure which will create the need for highly efficient and reliable power systems that can tolerate heavy loads. The modular and highly efficient composable solution can perfectly fulfill this need of the 5G technology.

More Valuable Insights on Composable/Disaggregated Infrastructure Market

FMI’s report on the composable/disaggregated infrastructure industry research is segmented into four major sections – component (disaggregated hardware, composable software, services), enterprise size (small and medium enterprises (SMEs) and large enterprises), end user (cloud providers, colocation provider, enterprises), 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 composable/disaggregated infrastructure demand outlook.

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Key Companies Profiled:

  • Hewlett Packard Enterprise
  • Cisco Systems Inc.
  • Dell EMC
  • Ericsson
  • DriveScale, Inc. (Twitter)
  • Wiwynn

Composable-Disaggregated Infrastructure Outlook by Category

By Component:

  • Disaggregated Hardware
  • Composable Software
  • Services

By End Users:

  • Cloud Providers
  • Colocation Providers
  • Enterprises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Region:

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

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
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T: +1-845-579-5705
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AI in Fraud Management Market Present Scenario, Growth Prospects & Competition Analysis by 2031

According to newly AI in fraud management industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a CAGR of 18.0% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 7.5 Bn by the end of 2021. As per FMI, rapid technological advancements in the IT & telecom industry have created prospects for AI in fraud management implementation. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth.

AI in fraud management solutions can be utilized to detect and prevent fraud in real-time applications. AI capabilities help data scientists to determine which transactions are probably to be fake, while considerably reducing false positives.

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Key Takeaways: AI in Fraud Management Market

  • By solution segment, the AI-powered fraud prevention software is anticipated to account for the leading share in the global demand for AI in fraud management during the forecast period. The segment estimated to grow at a robust CAGR of 18.6% through 2031.
  • The demand for AI in fraud management in small and medium enterprises (SMEs) is expected to rise at maximum pace as these organizations continue adopting AI in fraud management and cloud based solutions for better ROI.
  • Demand for AI in fraud management in IT & Telecom and BFSI sector is estimated to grow at impressive CAGR. Of these, BFSI industry is expected to account for leading share in AI in fraud management sales forecast during the forecast period.
  • North America is expected to lead the market followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of 20% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 21% over the next ten years.

COVID-19 Impact Analysis on AI in Fraud Management Market

The COVID-19 pandemic outbreak has disrupted many industries, including the AI in fraud management industry. The COVID-19 pandemic is fueling the need for increased businesses towards online, and e-commerce therefore digital fraud has spiked.

E-commerce fraud has considerably increased as COVID-19 continues to force retailers to take stores online to increase their sales and meet customers demand. For instance, at the initial stage of the coronavirus pandemic in the U.S., AI-based fraud management vendor Fraud.net saw a 40% surge in online retail fraud attempts.

AI in the fraud management market is expected to grow by 2.0X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as cloud-based AI fraud prevention becomes the new norm.

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Advanced Analytics to Emerge as a New Trend

Some of the major providers are already taking advantage of advanced analytics to enhance their fraud detection toolkit. That might involve drawing on alternative data sources – such as purchasing history, tracking social media activities, and phone usage data – or using information about a customer’s device type and location to validate the authenticity of a transaction. But across the payments sector as a whole, the use of advanced analytics is still at its infancy stage.

More Valuable Insights on AI in Fraud Management Market

FMI’s report on the AI in fraud management industry research is segmented into four major sections – solution (AI-powered fraud prevention software and services (professional and managed), application (identity theft protection, payment fraud prevention, anti-money laundering, and others), enterprise size (small and medium enterprises (SMEs) and large enterprises), industry (IT & telecom, BFSI, retail & CPG, healthcare, education, government, media & entertainment, 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 AI in fraud management demand outlook.

Serious Landscape
The AI in fraud management market is profoundly thought and constrained by dominant players like IBM Corporation, Capgemini SE, Splunk, Inc., and Cognizant. The introduction of new arrangement and key organizations are key systems followed by top players in the AI in fraud management market, to increase their business income. Nonetheless, with item innovations and mechanical progressions, fair size to more modest firms are growing their market presence by securing new agreements and tapping new markets.

  • In December 2020, Cognizant procured Inawisdom, a UK-based, secretly held consultancy specializing in man-made consciousness, machine learning, and information examination to assist businesses with making better, quicker choices that further develop business results. Inawisdom centers around delivering cloud-local, full-stack arrangements leveraging demonstrated consulting techniques and an investigation and machine learning stage constructed using Amazon Web Services (AWS).

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.

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
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T: +1-845-579-5705
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Business Analytics BPO Services Market Key Players, End User, Demand & Consumption by 2031

The global business analytics BPO services market revenue is forecast to register 12.6% year-on-year growth in 2021 backed by rapid advancements in telecom and IT industry. Future Market Insights (FMI) has forecast the market to surpass valuation of US$ 22.9 Bn at a compound annual growth rate (CAGR) of 13.9% by the end of 2031.

Organizations are emphasizing on optimizing their business operations by leveraging the potential of enterprise data generated through cloud based applications and social media networking. Effective utilization and transformation of the data will assist the enterprises in gaining more customers, improve market shares and lead to long term productivity.

Business analytic services are implemented to help organizations reduce their operational cost, improve business operations, and make informed business decisions on the basis of trends generated after analysis of discrete data.

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However COVID-19 pandemic had a negative impact on the market with small business taking the hardest hit. They are switching towards business analytics to restore their business continuity and manage their marketing and finances in these unprecedented times. These factors are expected to drive the sales of business analytics post COVID.

Key Takeaways

  • The U.S. is predicted to account for around 86% of the North America market by 2031, supported by the presence of leading market players and increasing outsourcing to emerging countries from BFSI, retail, telecommunication and healthcare sector.
  • Business analytics BPO services market in India is forecast to grow at more than 26% CAGR over the forecast period backed by rapid industrialization and emergence of multiple start-ups in the country.
  • Rising digitalization in small and medium enterprises and incorporation of advanced technical solutions in business processes will drive the sales of business analytics BPO services in U.K. reaching the valuation of US$ 256.9 million by the end of 2021.
  • Increasing demand of business analytics BPO services by small and medium enterprises to acquire and retain customers will drive the market growth in upcoming years.
  • Demand for data analytics & visualization services are estimated to grow at a robust CAGR of 18.6% through 2031.
  • Increasing demand for analytics in financial sector will help the BSFI sector to register remarkable CAGR of 17.6% over the assessment period.

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Competitive Landscape

IBM Corporation, Accenture, Wipro Limited, Capgemini, and Infosys Limited, among others are the leading market players operating this market. FMI states that, they account for more than 60% share in global business analytics BPO services market.

Market players are looking to enter new various developing economies by forming an alliance with regional distributors. They are also focusing on collaborating with regional players to promote innovation and product development along with solidifying their global distribution network.

For instance,

  • Wipro Ltd. recently joined hands with IBM Corporation to design and develop hybrid cloud computing system to assist business manage, migrate and transform mission-critical workloads and applications in IT environments.
  • Accenture PLC completed the acquisition of a data and machine learning business Mudano in February 2020. The acquisition allowed Accenture to upgrade its data transformation and analytics services for financial enterprises in the U.K.

Some of the leading companies operating in the business analytics BPO services market are:

  • IBM Corporation
  • Accenture
  • Wipro Limited
  • Capgemini
  • Infosys Limited
  • Tata Consultancy Services (TCS)
  • HCL Technologies
  • Cognizant
  • Tech Mahindra Limited

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More Insights on the Global Business Analytics BPO services Market

Future Market Insights, in its new offering, provides an unbiased analysis of the business analytics BPO services market, presenting historical demand data and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the business analytics BPO services market with a detailed segmentation on the basis of

By Services:

  • Data Analytics & Visualization Services
  • Risk Analytics Services
  • Marketing & Sales Analytics Services
  • Supply Chain Analytics Services
  • Financial Analytics Services
  • Others

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

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

By Region:

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

 Key Questions Covered in the Report

  • The market survey also highlights projected sales growth for business analytics BPO services market between 2021 and 2031
  • The report offers insight into business analytics BPO services demand outlook for 2021-2031
  • Business analytics BPO services market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Business analytics BPO services market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
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2022 Outlook for the Online Clothing Rental Market, Current and Future Industry Landscape Analysis 2030

Future Market Insights (FMI) in a new report has projected online clothing rental market to exhibit solid growth between 2021 and 2031. The market is projected to reach US$ 1.8 Bn by 2021. The subscription model is becoming a new trend in the clothing rental business. It appeals to retailers who are under pressure to cater to shifting consumer inclinations before certain designs lose favor.

Even with declining garment sales, the clothing rental industry is strolling assortments down the subscription model plans with an end goal to reach its customers. The subscription model does not just give clothing rental organizations experience to potential customers, it creates recurring revenues. However, it can save retailers the expenses associated with traditional brick-and-mortar stores. The clothing rental subscription and rental market also provide designers with fast insights into shopper’s inclinations. Moreover, the online clothing rental subscription market is extending its customer’s reach by obliging specialty/niche markets. Some of them are adopting innovative strategies to gain traction. For instance, Gwynnie Bee offers rental clothes for plus-sized shoppers – something that has been disregarded by other online clothing rental retailers.

Meanwhile, Union Station intends to remove the nuisance from buying bridesmaid dresses, which are regularly costly and purchased by the taste and style of the lady, not the wearer. The firm empowers ladies to choose their bridesmaids’ dresses, which would then be able to be returned after they have been dry-cleaned.

Thus, online clothing rental is intended to help the customers curb expenditure on buying new clothes for any special occasion/purpose.

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Key Takeaways from the Online Clothing Rental Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of ~11.0% between 2021 and 2031
  • The U.S. has emerged as a highly lucrative market, accounting for nearly 95% of the North America market
  • The U.K. is projected to register 11.8% Y-o-Y growth in 2021, performing exceedingly well within the Europe market
  • Germany and France will continue exhibiting high demand for online clothing rental
  • Within East Asia, the demand for China and South Korea is expected to be higher than Japan

COVID-19 Causing Disruptions in Online Clothing Rental

Prior to the COVID-19, online clothing rental was set to achieve sustainability, but the pandemic has caused significant disruptions as events such weddings, social gatherings, and other occasions were cancelled due to the imposition of lockdown in various nations across the world.

Companies such as Rotaro, Rent the Runway, and others saw a decline in the number of rental requests. As the online clothing rental companies are primarily event-based, so when there have been no events and people are not going out in the pandemic period which in turn had a profound effect on the clothing rental business.

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Who is winning?

Some of the key players operating in the online clothing rental market are Rent the Runway, Rotaro, GlamCorner Pty Ltd., Gwynnie Bee Company, Mine for Nine LLC, Dress Hire AU, ThreadTread, Nuuly, Rent The Front Row LLC, Dress & Go Company, Chic by Choice Company, Style Lend Company, Rent It Bae Company, Mr. & Ms. Collection, The Secret Wardrope, Banana Republic LLC, Le Tote Company, and Lending Luxury, among others.

  • In September 2020, to meet the changing preference/needs of today’s shoppers Rent the Runway implements new clothing subscription model plans which include dry cleaning and rental coverage, free shipping and returns, and members-only discounts. Further, the company is also using sustainable strategies to improve the environment by using recyclable garment bags.
  • In 2019, the Gap Inc. owned company Banana Republic LLC had partnered with CaaStle and launched ‘style passport’ an online rental subscription for women. This would help the company to connect with millennials and Gen Zs who would to experience fashion in a sustainable manner.
Online Clothing Rental Market by CategoryProduct Type

  • Knitwear
  • Trousers & Jeans
  • Jumpsuits
  • Suits & Blazers
  • Coats & Jackets
  • Skirt & Shorts
  • Ethnic Wear

Business Model

  • Standalone Model
  • Subscription Model

End-User

  • Business-to-Business (B2B)
  • Business-to-Consumer (B2C)
  • Consumer-to-Consumer (C2C)

Consumer Orientation

  • Men
  • Women
  • Kids

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa (MEA)
  • Oceania
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Get Valuable Insights into Online Clothing Rental Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global online clothing rental market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the online clothing rental market based on the product type (knitwear, trousers & jeans, jumpsuits, suits & blazers, coats & jackets, skirts & shorts, and ethnic wear), business model (standalone model, and subscription model), end-user (business-to-business {B2B}, business-to-consumer {B2C}, and consumer-to-consumer {C2C}), and consumer orientation (men, women, and kids) across seven major regions.

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About FMI

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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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