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Future Market Insights (FMI) in its latest study has forecast the market for remote learning technology spending to rise at 14.7% CAGR between 2020 and 2030. Companies operating in the market are aiming at developing course materials and remote learning platform software solutions.

Remote learning technologies largely find use among corporate enterprises and education organizations for the distribution of training and course content. Future Market Insights (FMI) projects immense scope of spending as virtual classrooms for social and collaborative learning approaches in a highly scalable manner.

The growth of the e-learning industry has promoted the adoption of remote learning technologies, which not only provide learning materials online, but also closely mimic classroom environments, in a structured format, providing higher success rates.

The market has witnessed exponential growth in the past few years, especially on account of advancements in web and mobile based LMS platforms. In addition, the growing application in government agencies is anticipated to support growth.

Remote learning technology spending finds role in businesses in a multitude of end-use sectors. With the coronavirus pandemic closing many conventional avenues of learning, sales of remote learning technologies are set to soar in the near future. Customized training offerings will also generate lucrative opportunities in the coming decade.

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FMI’s report on the market offers a comprehensive overview, covering key market dynamics. Some of the takeaways from the report are as follows:

• The value of the market for remote learning technology spending was US$ 43 Bn in 2019, which is a substantial increase over the previous year
• Exponential growth is projected in the current year (2020) as a result of demand for online education and training at home for students and employees during the ongoing pandemic crisis
• Instructor-led training and learning is projected to account for significant revenue share, on the back of collaborations with domain experts on content development and training
• North America is a leading market. However, East Asia is projected to be very lucrative, and is estimated to surpass North America by 2030, owing to a massive student population and adoption of remote learning during the coronavirus pandemic

Mobile device-based learning, social learning, and corporate training are major trends supporting the adoption of remote learning technology spending market revenue. Demand from varying sectors, such as healthcare and aviation for employee training is supporting industry demand. The coronavirus crisis has further provided impetus to remote learning solutions among students and corporates bodies,” said a lead analyst at FMI.

COVID-19 Impact on Remote Learning Technology Spending Market

Countries from around the world have been severely impacted by high infection rates of the covid-19 virus. Schools, colleges, universities and enterprises of all sizes have had to close or restrict regular operations.

This transition from official premises has proven beneficial to the adoption of remote learning technologies. While the remote learning sector has been displaying strong growth prior to the pandemic, development of solutions such as online learning software, language apps, video conferencing tools, and virtual tutoring has soared.

A number of online learning platforms are providing free access to their services and materials, while reputed education institutes are providing world-class certification course materials at a fraction of their original costs. Also, corporate enterprises are also spending on remote learning technologies for reskilling and upskilling their employees, which will set a strong foundation for the market even after the pandemic, through the forecast period.

Who is winning?

FMI in its report analyses the varying strategies of major companies operating in the market. Most companies are focused on the development of remote learning platforms in addition to providing certification and course material services for a wide range of subjects, with emphasis towards education institute and enterprise level applications.

Some of the companies operating in the remote learning technology market are Oracle Corporation, Microsoft Corporation, SAP, Adobe, IBM Corporation, Skillsoft, and others.

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To Know More About Remote Learning Technology Spending Market:

A new market research report published by Future Market Insights (FMI) on the global remote learning technology spending market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the remote learning technology spending market through four different segments – solution, learning mode, end user, and region. The market report also provides assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in development and adoption of remote learning technology spending across varying end-use industries.

The rising penetration of advanced technologies, including 5G and IoT, into the automotive and transportation sectors is anticipated to bestow lucrative revenue opportunities to market players. As automotive manufacturers leverage both the supply-side and demand-side advantages offered by the integration of 5G technology in automobiles, the market is set for robust growth through the assessment period.

The 5G technology has enabled manufacturers to deliver advanced features in vehicles such as fuel tracking, Advanced Driver-Assistance Systems (ADAS), real-time navigation and communication, in-vehicle infotainment systems, speed and cruise control, and improved fleet management, among others. Likewise, service providers are focusing on enhancing the vehicle-to-everything (V2X) communication solutions to improve road safety and lower the incidence of road accidents.

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On these lines, as national governments across the world take measures to curb road accidents, integration of real-time navigation backed by 5G has emerged as an ideal solution, which is expected to further fuel the adoption. Besides, the increasing adoption of multimedia services in the passenger-transportation sector and the subsequent demand for high bandwidth networks to support them will continue to bolster the growth of 5G in the automotive and smart transportation market.

FMI in a recent study has projected that the global 5G in the automotive and smart transportation market will rise in value at a stellar CAGR of ~26% between 2020 and 2030. Some of the key takeaways from the report are:

• The market is anticipated to surge past a global valuation of US$ 9,500 Mn by the end of 2030
• On the basis of solutions, the hardware components are poised to account for the majority of the market share, owing to the surging adoption of On-Board Units (OBU) across numerous applications
• By application, the fleet management sub-segment is poised to hold the lion’s share in the market value backed by high demand in the commercial vehicle sector
• The Vehicle-to-Everything (V2X) application, on the other hand, is projected to grow at a tremendous value CAGR of ~30% on the back of growing emphasis on producing connected vehicles
• By region, North America, forefronted by the US, is forecasted to prevail as the leading regional market backed by growing collaborations between service providers headquartered in the region and automotive manufacturers

Players operating in the market are directing their efforts towards research and development activities to find solutions to real-time communication challenges and are focusing on enhancing fleet management applications,” remarks FMI analyst.

COVID-19 Impact on 5G in Automotive and Smart Transportation Market

The unforeseen outbreak of COVID-19 is expected to create fluctuations in the growth of the market, but the long-term growth prospects are expected to remain unhinged. In early 2020, governments in the East Asian region, a prominent regional market, implemented nationwide lockdowns to contain the swiftly mounting rate of infections. As a result, manufacturing in the automotive sector came to screeching health, consequently bringing down the sales of automobiles. Along similar lines, the COVID-19 also posed a challenge to the wide rollout of 5G networks, thus hindering its adoption in the automotive sector. While the downtrend prevailed through the first quarter, the revamp of the automotive market began from the end of the second quarter, ensuring that the healthy growth of the market remains intact.

Who is winning?

Players operating in the 5G in the automotive and smart transportation market are opting for long-term investments directed towards upgrading new revenue streams, such as Wi-Fi 6, the next-generation standard in WiFi technology, and automotive intelligence to strengthen their foothold. Furthermore, players are launching novel technologies and are entering collaborations to gain a competitive edge:

• In Jan 2020, Qualcomm Technologies, Inc. launched a Car-to-Cloud Service powered by 5G to help automakers keep cockpit and telematics systems up-to-date.
• Around the same time, Verizon announced a partnership with HERE Technologies to collaborate on the development of safety and navigational systems in connected cars.

FMI’s report includes profiles of some of the most prominent names in the market including AUDI AG, BMW AG, Robert Bosch GmbH, Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Huawei Device Co., Ltd., Daimler AG, Nokia, Qualcomm Technologies, Inc., Telefónica S.A., Verizon, Vodafone Limited, and Volkswagen

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To Know More About 5G in Automotive and Smart Transportation Market

A new market research report published by Future Market Insights (FMI) on the global 5G in the automotive and smart transportation market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through four different segments – application, solution, industry, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply and product adoption across several end-use industries.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

The global market for automotive gas charged shock absorbers – standing at an approximate valuation of US$ 2.9 Billion in 2021 in terms of revenue sales, is likely to observe a robust annual growth rate over the next few years. Expanding at a CAGR of approximately 5%, the global automotive gas charged shock absorbers market is projected to exceed the revenue of US$ 3.4 Billion towards 2022 end.

Explaining the market dynamics, a senior research analyst at Future Market Insights, elaborates, “Driver’s safety and driving comfort are the two major factors favouring automotive gas charged shock absorbers demand, globally.

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An important part of a vehicle’s suspension, automotive gas charged shock absorbers reduces the effect of travelling in rough terrains, by controlling excessive suspension movements providing a much firmer ride. Ride and handling performance of a vehicle will remain the top influencers in consumer buying decisions, with demand being significantly high in region with poor road conditions”.

Explaining further, the analyst explains, “All vehicles, whether passenger cars to heavy duty trucks, are being increasingly equipped with damping control technology, ensuring improved on-road performance along with protecting critical vehicular components against premature wear and failure.

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Technologically Advanced Electronic and Monotube Variants to Take Over Conventional Shock Absorbers

Compared to the twin-tube design, a monotube shock absorbers are being increasingly preferred owing to its design that further prevents any aeration and cavitation from occurring. Considered ideal for luxury sedans, SUV rear axles, and sports car applications, monotube shock absorbers offers faster damping reaction and prompt responses to changing road conditions, as a result of continuous pressure exerted on the oil, by the gas.

M&A Remains a Preferred Forward Market Strategy

FMI anticipates strategic mergers and acquisitions to remain a critical expansion strategy among manufactures of automotive gas charged shock absorbers, creating a substantial opportunity for the shock absorber market. Some key developments include:

• Recently, Samvardhana Motherson Group (SMG) entered in a partnership with MS Global India Pvt. Ltd., engaged in the manufacturing of pressed sheet metal and frames for chassis used in commercial vehicles. This partnership is aimed at business expansion in the automotive vehicle components sector. During the same fiscal year, the company established a shock absorber manufacturing company, Magnetti Marelli Shock Absorbers India Pvt. Ltd., to supply shock absorbers for automotive vehicles.
• In 2018, Tenneco Inc. offered Continuously Variable Semi-Active (CVSA2) suspension technology for SUVs of Mercedes-Benz G-Class. The aim for this product launch was to enrich its market share in the SUV vehicle segment.

FMI Offers Segmentation Analysis of Automotive Gas Charged Shock Absorbers

• Europe, is anticipated to remain the most lucrative region as the automotive parts and accessories industry continues to remain strong in the region, on account of positive sentiment and perception towards European parts and component. Moreover, intense transition towards EVs and ADAS, collaboration with tech companies, and increasing investment in R&D are likely to be the key trends in the Europe automotive gas charged shock absorbers market.
• Automotive gas charged shock absorbers market in India and SEAP is anticipated to grow at a notable growth rate during the forecast period
• Sales of automotive gas charged shock absorbers through OEM channel is anticipated to represent a market share of nearly 45 percent, through the forecast period of 2018 to 2027, growing at US$ 181.9 Mn annually.
• Revenue from aftermarket automotive gas charged shock absorbers segment is anticipated to increase at moderate CAGR, valued a little over US$ 208 Mn by 2027.

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Automotive Gas Charged Shock Absorbers Market: Segmentation

Sales Channel:

• OEM
• Aftermarket

Vehicle Type:

• Passenger Car
• LCV
• HCV
• Two Wheelers

Design Type:

• Twin
• Mono

Region:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Key Points Covered In Automotive Gas Charged Shock Absorbers Market Research

• Market Estimates And Forecast 2021 – 2031
• Key drivers and restraints impacting the market growth
• Segment wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on automotive Gas Charged Shock Absorbers Market And How to Navigate
• Recommendations on Key Winning Strategies

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Website: https://www.futuremarketinsights.com/

Rapid technological advancements in recent years have compelled companies to invest in smart database solutions. The increasing volumes of data collection have made it easier for cyber-criminals to target the organization’s operations and steal their data for financial gain. Digitization has led to multi-channel convergence and several fragile interfaces.

Such data breaches prove deleterious for the organization’s long-term survival. Hence, the 21^st century has been witnessing high procreation of smart cyber-security solutions.

These solutions are being increasingly implemented across the IT, BFSI, governmental and healthcare industries to name a few. According to FMI, the market shall surge staggeringly, reaching US$ 1.9 Bn by 2030.

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Digital Risk Protection Market: Key Takeaways

• Cloud-based integrated digital risk protection platforms to acquire high popularity, expanding at ~11%
• North America is likely to emerge as the market hegemon, attributed to high expenditure on security solutions
• SMEs to gather significant momentum in the forecast period, ascribed to their growing business volumes
• BFSI to dominate the market in terms of industrial applications. Rising volumes of banking transactions is the chief driver
• East & South Asia are poised to be the fastest growing regions, attributed to high volumes of digital business operations

Prominent vendors are capitalizing on integrated cloud-based solutions for data protection and mobility and e-mail security to reduce threat and compliance risk,” opines the FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has impacted business in every sector. Social distancing norms are compelling organizations to transition towards digitalization to ensure operational continuity. Adoption of cloud computing platforms and build-your-own-devices to facilitate remote working are becoming highly mainstream.

According to estimates, nearly 3/5^th of the organizations have adopted cloud platforms as a new normal. Companies are transforming existing infrastructure into virtual environment, aggrandizing the risk of cyber threats.

Organizations are experiencing cyber threats and security vulnerabilities in remote working. Cyber criminals are leveraging the COVID-19 pandemic scenario to initiate ransomware, phishing emails and data theft attacks to steal confidential information.

Competitive Intelligence

The digital risk protection platform market is highly fragmented, characterized by the presence of a number of regional players and global corporations. Within the scope of this report, the following companies have been profiled: Proofpoint, Digital Shadows Ltd, FireEye, RSA Security LLC, Axur, Cyberint, RiskIQ and Safeguard Cyber.

The aforementioned market players tend to rely on collaborations, partnerships and product launches in order to stay afloat. In August 2020, for instance, Proofoint partnered SaiPoint to develop a cyber-security solution aimed at safeguarding users’ data in e-mail inboxes. Moreover, end-users can avail secure access to applications without the fear of any malware attacks.

In July 2020, Digital Shadows initiated a new database service enabling organizations to discover possible data breaches by introducing additional capabilities within its SearchLight platform.

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More Insights

FMI’s report on the digital risk protection platform market is segmented into four major sections such as solution (integrated digital risk protection platform, and services), enterprise size (SMEs, large enterprises), industry (government, education, manufacturing, automotive, BFSI, healthcare, IT & Telecom, and others) and region(North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the digital risk protection platform market.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Submarine cables market is forecast to exhibit positive rate of growth between 2020 and 2030. Future Market Insights (FMI) in its recent study has projected the market to reach a valuation of US$ 13 bn by the end of 2020. Growing at an impressive 10.7% CAGR, the market is forecast to reach US$ 36 Bn by the end of 2020.

Through the course of the report’s forecast period, the market is expected to be driven by increasing investment towards infrastructure intended to better international communications. Besides transmitting communication, submarine cables are widely used for power transmission.

These cables are developed to transmit power generated in offshore wind farms to various power stations and countries via island connections. With regards to communication, these cables are laid along the ocean floor to carry staggering volumes of data traffic between countries.

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Submarine Cables Account for Over 90% Data Traffic across the Globe

Submarine communication cables account for more than 90% of the data traffic generated across the world. They have an impressive carrying capacity, which is measured in terabits per sector. Subsequently, these cables are highly valued by OTT and behemoth communication providers such as Facebook, Microsoft, Google, and Amazon.

They are also considered vital components, indispensable for economies by most governments. Various countries therefore have implemented specific regulations governing the market. Some of the countries have even created safety zones, prohibiting access to the cables along the ocean floor, thus protecting them again potential damage.

Submarine Cable Line Ownership Gaining More Prominence among Tech-Enabled Product and Service providers

The growing volume of data traffic has augmented investment in submarine cables. FMI forecasts the market to witness increasing investment in regions such as the Middle East, Asia Pacific, Latin America, and Europe. Some of the leading communication providers are behind surging investment recorded in these regions. For instance, Amazon’s cables are laid from the U.S. to Asia Pacific, connecting countries such as California, Japan, Oregon, and Singapore.

FMI studies various factors impacting growth of the market in detail. It offers in-depth insights into the market. Some of these are:

• Europe is forecast to emerge dominant in the global submarine cables market
• Increasing offshore wind farm activities will augment investment in the market
• Huge repair and maintenance cost may hinder growth
• Barriers to the entry of small players will continue especially since the market is highly capital intensive
• Nonetheless smaller companies are expected to focus on smaller projects across various regions

Despite a few disadvantages, submarine cables are considered cheaper and more efficient medium for communication between countries. Besides this, submarine cables are used in power transmission, which is expected to give impetus to the market in the coming years,” said a lead analyst at FMI.

Who is winning?

The submarine cables market is characterized by the presence of several behemoths hence it witnesses stiff competition. Because the market is highly capital intensive, it offers little opportunities for smaller and mid-sized companies. Nevertheless, smaller market players are expected to focus on smaller projects to stay afloat amid competition between behemoths.

FMI profiles some of the leading companies operating in the market. These include Alcatel Lucent, Google, NEC, Subcom, NKT A/S, Nexans, Prysmian Group among others.

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Key Segment

Product Type

• Electrical cable
• Fiber Optic Cable
• Hybrid/ Composite Cable
• Umbilical Cable

Filling Type

• Oil/ Fluid Filled Cable
• Solid Fluid Cable

End Use

• Oil & Gas
• Renewable Energy
• Telecommunications
• Defense

Get Valuable Insights into Submarine Cables Market

Future Market Insights executive level blueprint of the submarine cables market in its report. It offers refined forecasts pertaining to revenue growth witnessed across various segments. Trends impacting the market’s trajectory across these segments are also studied in detail for a period between 2020 and 2030.

The report studies the global submarine cables market in terms of products into electrical cable, fiber optic cable, hybrid/ composite cable, and umbilical cable. Based on filling type, the market is segmented into oil/ fluid filled cable and solid filled cable. On the basis of end use, the market covers oil and gas, renewable energy, telecommunication, and defense segments. Regionally, the global submarine cables market can be segmented into North America, Latin America, Europe, Asia Pacific, Oceania, and the Middle East and Africa.

The coronavirus global pandemic has had a severe impact on the aviation industry, and has restricted operations by security personnel in multiple sectors. However, with investments in law enforcement and defense sectors, the sales and adoption of security inspection services and products is expected to remain positive in the near future.

With these factors under consideration, Future Market Insights (FMI) has projected the global market for security inspections to rise at 4% between 2020 and 2030, to reach a valuation of over US$ 10.2 billion.

Key Highlights

• Personnel screening systems remain highly sought-after in security inspection applications to minimize internal threats
• Aviation sector accounts for greater security inspection product and service adoption through 2030
• Portable security inspection models continue to generate strong demand over, larger area coverage benefits
• North America will remain at the forefront of the industry, given the higher risk of terrorism and domestic unrest in the United States

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Security inspections provide critical protection against threats such as unlawful and unethical actors against human life and property damage costs. Technologies such as biometric matching, X-ray scanners, and metal detectors, are popular at security checkpoints for optimizing scrutiny processes​,” says analyst at FMI.

Covid-19 Impact on Security Inspection Market

The coronavirus pandemic has exposed a wide range of sectors to substantial economic uncertainty owing to restricted operations, and strict social distancing guidelines. The security inspection market is witnessing lower demand, particularly in the transport sector. However, tech innovations could potentially generate key growth opportunities.

While physical distancing becoming the norm, institutions using security inspections are displaying interest towards automated systems, and self-service products to minimize touchpoints to minimize human to human interactions.

Consequently, the advancements in AI and data analytics will help in managing the recovery of the end user sectors such as defense and aviation in terms of traffic growth, airport infrastructure, passenger expectations, and changing security threats.

Competitive Intelligence

Some of the key players in the security inspection market include Leidos, Gilardoni S.p.A., Nuctech Company Ltd., Analogic Corporation, Smiths Group plc, ADANI, Rapiscan Systems, Unival group GmbH, EAS Envimet Analytical Systems GmbH, Bruker, and C.E.I.A. SpA. With the competitive nature of the market landscape, product development and launch strategies, and efforts towards regulatory approval are key strategies.

• The Kylin Ti computed tomography imaging scanner by Nuctech Company Limited has received the European Civil Aviation Conference’s certification of Explosive Detection System for Cabin Baggage (EDSCB) designation.
• The US Transport Security Administration (TSA) has added the EMIS series electromagnetic cargo screening systems to its official list of Air Cargo Qualified technologies, for potential terrorism threats and to detect contraband and restricted goods.

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Key Segments

Product

• Personnel Screening Systems
• Checkpoint Screening Systems
• Explosives & Drugs Trace Detection Systems
• Liquid and Radioactive Substance Monitors,
• Cargo and Baggage Inspection Systems
• Vehicle Inspection Systems
• Others

Type

• Portable
• Fixed

Application

• Aviation
• Border Security
• Correctional Facilities and Law Enforcement
• Critical Infrastructure Protection
• Commercial Security
• Others

Service

• Security Consulting Services
• Installation and Integration Services
• Maintenance and Repair Services
• Security Training Services
• Support Services

More About Security Inspection Market?

A new market research report published by Future Market Insights (FMI) on the global security inspection market offers key insights into the market trends and analysis of critical opportunities through the assessment period, 2020-2030. The report studies the security inspection market through five unique segments – product, type, application, service, and region. The security inspection market report also provides detailed assessment of sales through market dynamics, life cycle analysis, and technologies that are being deployed in the development of security inspection product and services across varying end-use sectors.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Government efforts associated with prevention of COVID-19 contagion imply that home office has stepped up from simply a benefit to a necessity for maintaining entire operation of businesses and work-related activities.

As telecommuting has become mainstream, and subsequently work-from-home (WFH) culture is expected to continue after workplaces resume on large scale, Future Market Insights (FMI), in its recent study, has brought key trends shaping home office spending market to the fore.

Soaring trend of remote working has influenced FMI to estimate that the global home office spending market will grow at 15.3% CAGR over forecast period, 2020-2030.

While remote work software such as virtual reality (VR) conferencing, and mobile work tools will become preferable form of communication – even face-to-face meetings – artificial intelligence (AI) will also play significant role in managing remote staff.

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Home Office Spending Market Size Study

• Adoption of home office spending solutions will rise at 15.3% CAGR during 2020-2030
• Home office spending tools currently hold leading revenue share
• Cloud deployment models to capture greater value share in home office spending market, tentative to 60%
• Business productivity will remain key application area of home spending solutions
• Players to eye investment opportunities in North America and Europe, as both regions are test beds for technology innovations

Free Wi-Fi and buzzy vibe of local coffee shops have been de facto home offices for hosts of laptop-toting knowledge workers before onset of COVID-19 pandemic. That said, pandemic-led lockdowns and subsequent consequences have compelled workers to take their jobs home, making home office a much-coveted feature of modern lifestyle,” says analyst at FMI.

COVID-19 Impact on Home Office Spending Market

With the COVID-19 pandemic showing no signs of subsiding, it has become palpable that work from home (WFH) – or remote working – could be a long-term reality. In order to help customers transform better and embrace WFH lifestyle sleekly, many several companies have granted home office allowance, or relevant facilities such as computers and furniture.

Recent estimates suggest that almost 55% of enterprises worldwide provide certain capacity for remote working, and about 18% of workforce telecommute on regular basis.

Moving ahead, isolation of home offices has created fertile breeding ground for companies to engage telecommuters with online platforms and communities. There is plethora of opportunities to establish connections with the work-from-home community.

Such trends translate into increased demand for home office spending tools and services including, collaboration tools, conferencing software, and security services.

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Home Office Spending Market – Competitive Intelligence

The global home office spending market is characterized by presence of various leading players such as Oracle Corporation, Microsoft Corporation, and Google Inc. As organizations and working professionals are being exposed to COVID-19-induced challenges, these players are stepping up their efforts to provide secured enterprise network solutions. For instance,

• Microsoft has rolled out new updates for its subscription services – Office 365 – which include 1 TB of OneDrive cloud storage per individual, advanced security features to keep phishing attacks and malware at bay, and 60-min Skype calling on mobile phones and landlines.
• Oracle has announced free access to its Workforce Health & Safety solution that allows HR executives to trace and record health-related issues among their colleagues (such as confirmed COVID-19 cases), reduce exposure to larger workforce, and take necessary actions quickly.

Want To Know More About Home Office Spending Market?

A new market research report published by Future Market Insights (FMI) on the global home office spending market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the home office spending market through four different segments – solution, deployment, application, and region. The home office spending market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the development of home office spending solutions and product adoption across several end-use industries.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Future Market Insights’ (FMI) recent study opines global virtual event platforms market to witness staggering growth, on account o As organizations switch to cloud computing and augmented reality in the wake of Industry 4.0, various virtual platforms have come into existence. Their scope has further increased in the past few months, with businesses transitioning to remote working approaches in light of the pandemic crisis.

A spike in virtual meetings, conferences, trade fairs and product launching events have been witnessed in the recent past. Several integrated virtual event platforms, standalone software and support services characterize the overall virtual events platforms market.

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Key Takeaways

• Global virtual event platforms market to surge at 16.3% CAGR through 2030
• Prolific expansion opportunities lay in store across the healthcare industry, especially in surgical procedures
• SMEs to make heightened usage of virtual event platforms across the forecast period
• Academic institutions to emerge as extensive virtual event platform end-users by 2030
• Live event support service to register impressive expansion, owing to rising frequency of virtual events
• South Asia & Pacific to be the fastest growing market, India to pivot growth

Deepening internet penetration globally is prompting solution providers to foray into unconventional markets, thereby expanding their customer base,” infers an FMI analysts.

COVID-19 Impact Insights

The novel coronavirus pandemic has induced a drastic reshaping of the global economy. Government mandated lockdowns have compelled organizations to accommodate work from home practices, thereby shifting businesses to the virtual platform.

Throughout the pandemic’s duration, the global virtual event platforms is expected to remain on a high growth trajectory. Large, medium and small enterprises have increased spending on cloud and virtual event management platforms, with meetings and conferences being conducted online.

According to Future Market Insights’ (FMI) estimates, the demand for virtual event platforms will surge exponentially, with maximum uptake likely to be across the education and healthcare industries. These network-based platforms have enabled people to schedule appointments with exhibitors, sponsors and performers.

Competition Analysis

Prominent players in the global virtual event platforms landscape are: Microsoft Corporation, Cisco Systems, Zoom Video Communications, Cvent, Evenium, SpotMe, Cadence, Cvent Inc, 6Connex Inc. and Hubb LLC among others.

Multiple strategies, ranging from product enhancements, new solution offerings, collaborations with niche players and strategic acquisitions of smaller players characterize the competitive landscape.

Microsoft Corporation is the leader of the virtual event platforms market, offering a wide pool of cloud-based and conventional communication solutions. In September 2020, the software giant introduced Azure Communications Services, the first fully managed communication platform from a major cloud provider.

Several providers also offer specialized courses on virtual event management platforms. For instance, Cisco Systems provides training courses through its Cisco Networking Academy. It offers specialization in networking, OS & IT, IoT, cybersecurity, programming and infrastructure automation among others.

Recently, in October 2020, Zoom Video Communications delivered its Zoomtopia 2020 keynote address wherein the tech giant unveiled a series of key enhancements of its OnZoom, Zapps, end-to-end encryption and Core UC platforms.

For more insights, You can request for TOC at @ https://www.futuremarketinsights.com/reports/virtual-event-platforms-market/table-of-content

Virtual event platform market: Segmentation

Solution

• Software

• Integrated Virtual Event Platforms
• Standalone Software

• Service

• Live Event Support
• Post Event Processing Services
• Event Consulting Services
• Support Services

End-User

• Enterprise/Corporates
• Event Management Agencies
• Academic Institutions
• Trade Show Organizers
• Others

More Valuable Insights on the Virtual Event Platforms Market

Future Market Insights, in its new report, offers an unbiased analysis of the global virtual event platforms market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the virtual event platforms market on the basis of solution (software & service), end-user (enterprise/corporates, event management agencies, academic institutions, trade show organizers & others) and enterprise size (SMEs & large enterprises) across six regions.

About Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.