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Governments are increasingly focusing on strengthening and improving primary healthcare and digital health education. There has been a shift from volume-based to value-based care in past some years, which is expected to prove crucial for the expansion of value-based healthcare services market. According to a study by Future Market Insights (FMI), the market is projected to surpass US$ 2.09 Bn in 2021. Due to the pandemic as well as in general, numerous developed and developing countries have already invested in value-based healthcare services.

Government initiatives are pushing healthcare service providers to rely on value-based care which is further proliferating the need for value-based healthcare services. For many countries, value-based care is at the forefront of future medical regulations and treatments. For instance, the U.S. government is implementing value-based care model across the country to treat the overall health of a patient rather than only reacting to symptoms of the disease.

Proliferation of value-based healthcare services will be strongly related with its cloud-based deployment. As per FMI, the cloud-based deployment segment is expected to account for around 61% of global market and is anticipated to remain dominant throughout the forecast period.

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Key Takeaways of Value-Based Healthcare Services Market Study

• FMI has predicted the global value-based healthcare services market to rise at a CAGR of ~21% between 2021 and 2031
• Backed by presence of highly advanced healthcare infrastructure, the U.S. is expected to account for 64% of sales in North America
• Rising aging population will enable the U.K. exhibit 24.4% y-o-y growth in 2021
• The demand for advanced healthcare services will boost growth opportunities in France and Germany
• Government initiatives aimed at improving patient care will fuel demand in China, Japan, and South Korea

“Aligning the incentives between payers and providers has proven beneficial to ensure best quality and cost-efficient outcomes. When correctly done in-home medical care, telehealth can help in medical loss ratio reduction, utilization reduction, risk adjustment factor increase and others. Such factors are boosting the adoption of value-based healthcare services,” says an FMI analyst.

COVID-19 Pandemic Impact Analysis

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 healthcare services. Amid the COVID-19 outbreak, the demand for value based healthcare services has decreased in 2020. In response to the COVID-19 pandemic, cloud service providers are taking special measures to meet the customer demand for cloud usage, due to sudden shift to a remote-first workforce.

According to estimates, almost 70% CIOs agree “cloud services” would become a priority in 2020, and they expect to reduce on-premises workloads to 35% in 2021, as compared to almost 60% in 2019. With this trend to continue, pubic cloud services market revenue is estimated to increase by 1.6X during 2019-2021. Thus the value-based healthcare services market is anticipated to gain back its momentum by second half of 2021.

Assembled Deployment of Solutions to Enhance Market Attractiveness

Significant growth in the wearable devices market is expected to lead to greater opportunities for the integration of IoT in the healthcare sector to develop smarter solutions for patient monitoring and diagnostic purposes. The integration of other connectivity platforms such as Bluetooth, RFID, ZigBee, and HomeRF to connect IoT in healthcare to network infrastructure in households and workplaces.

This way, more IoT sensors in healthcare can be added to the system and remote access distance can be increased. A well-managed IoT services and solutions provider can focus holistically on a healthcare institution and deduce a suitable end-to-end approach. This approach can include device management, connectivity, network management, deployment, and logistics processes for the provider and present lucrative growth opportunities.

Who is winning?

Some of the leading players operating in the market are Deloitte, Siemens Healthcare GmbH, NextStep Solutions, McKesson Corporation, NextGen Healthcare, Genpact Limited, Athena Healthcare, Boston Consulting Group and others.

More Valuable Insights on Value-Based Healthcare Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global value-based healthcare services market, providing historical data for period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand opportunities in the value-based healthcare services market, the market is segmented on the basis of model (Accountable care organization (ACO), Patient-centered medical home (PCMH), Pay for performance (P4P), Bundled payments), deployment (cloud, on-premise), end-user (hospitals, clinics, insurance companies, government, others) across six major regions.

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Key questions answered in the report

• How will value-based healthcare services market expand until 2031?

FMI projects the global value-based healthcare services market to register a CAGR of 20.9% across the 2021-2031 assessment period. Cloud segment is expected to offer the highest incremental opportunity in terms of deployment during the forecast period.

• What are the key challenges for value-based healthcare services market?

Ensuring reliable data in value-based healthcare services is a new challenge for administering medicare payment systems. Thus the integrity of information is most likely the biggest challenge providers face.

• Who are the leading players in value-based healthcare services market?

Prominent players operating in the global value-based healthcare services landscape include Siemens Healthcare GmbH, NextStep Solutions, McKesson Corporation, NextGen Healthcare, Genpact Limited, Boston Consulting Group among others.

• What are the key trends impacting value-based healthcare services market?

Cost transparency is one of the major trend, which will meliorate the value-based healthcare services market. As patient explore options and choose the best-suited health system in their care process through cost transparency.

• Which region is expected to be at forefront in the value-based healthcare services market?

North America is expected to remain dominant in the global value-based healthcare services market, however Europe is anticipated to grow at a significant rate over the forecast period.

The rising demand for powerful, flexible, fast, lightweight, and highly-rated charging solutions to support power backup in smartphones & tablets, laptops & notebooks, autonomous robots, and other devices is supporting growth of GaN-powered chargers market. According to a report by Future Market Insights (FMI), the global GaN-powered chargers market is expected to surpass US$ 694.4 Mn in valuation in 2021.

 

Gallium nitride (GaN) is a high-performance alternative to the traditional silicon used in charging devices. The gallium nitride compound can minimize power loss and achieve high switching frequency with the help of characteristics such as miniaturization, high breakdown voltage because of wide band gap, and low conduction resistance.

Smartphones will remain key application for the market. It is expected to account for nearly 35% of GaN-powered chargers sold through 2021-22.

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Key Takeaways of GaN-powered Chargers Market Study

• GaN-powered chargers market’s Y-o-Y growth rate is expected to improve by nearly 2% in comparison to 2020
• The U.S. will account for dominant 85% of sales recorded in North America in 2021
• The U.K. is expected to register solid y-o-y growth at over 13% in 2021
• Germany, France, Russia, and Spain will be among other lucrative markets within Europe
• While China is expected to remain dominant in East Asia, Japan will register growth at a higher rate within the market

“Key players are focusing on introduction of new solutions/products such as GaN technology and Next-Gen GaN-powered chargers for improving charging speed & system efficiency. This is expected to create lucrative prospects for growth in the coming years,” said an FMI analyst.

Disruptions Caused Due to COVID-19 Resulted in Declining Growth

The global shipments of GaN-powered chargers by power output such as 25W GaN chargers, 30W GaN chargers, 45W GaN chargers, 60W GaN chargers, and others declined in the first half of 2020 owing to supply chain disruptions caused by the COVID-19 outbreak. According to FMI, the market registered declining growth of a -1.5% as compared to the original forecast in 2019.

Increasing Value of Gallium Nitride Technology Boost Growth

Consumption of GaN-powered chargers is increasing in the consumer electronics sector Gallium nitride technology offers various benefits such as higher switching frequency, enables faster wireless power transfer, and lower system cost. These benefits are primary factors driving GaN-powered chargers market. Silicon has its physical limitation and is therefore considered less efficient in delivering the required results.

GaN has therefore emerged as a preferred technology among telecommunication vendors since it is aiding in improving efficiency of various electronic devices. This is expected to support the GaN-powered chargers market growth.

Who is Winning?

Companies operating in the market have been focusing on offering innovations to gain competitive edge. Some of them are even conducting rigorous performance, reliability, and technology checks to review the safety and efficiency of these chargers.

Some of the leading market players are Xiaomi Corporation, Koninklijke Philips N.V., Belkin International, Inc., GaN Systems Inc., RAVPower, Baseus, and among others.

More Valuable Insights on GaN-powered Chargers Market

A new market research report published by Future Market Insights (FMI) on the global GaN-powered chargers market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of power output (25W GaN chargers, 30W GaN chargers, 45W GaN chargers, 60W GaN chargers, 65W GaN chargers, 90W GaN chargers, 100W GaN chargers, and others), application (smartphones & tablets, laptops & notebooks, autonomous robots, industrial equipment, wireless charging, and others), and others across six major regions.

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Key Questions Answered in the Report

• What are the major trends impacting the GaN-powered chargers market growth?

The rising demand for fast charging speed is one of the key factors driving the GaN-powered chargers market. The advent of cost-effective GaN-powered chargers and introduction of a multitude of chnological advancements are expected to create lucrative sales opportunities in the near future.

• What are the major challenges restricting GaN-powered chargers market?

The lack of standardization and high manufacturing cost are hampering the market growth. Also, quality concerns regarding packaging of high temperature electronics might hinder growth of the market to an extent.

• Who are some of the leading manufacturers of GaN-powered Chargers Manufacturer?

Some of the leading companies manufacturing and providing GaN-powered chargers are Belkin International, Inc., Xiaomi Corporation, Koninklijke Philips N.V., GaN Systems Inc., RAVPower, Baseus, Anker, and others.

• Which is the leading GaN-powered Chargers market?

GaN-powered chargers manufacturers are focusing on expanding their presence in South Asia and Pacific. Governments within this region have been taking initiative to adopt efficient power technologies to improve the performance of electronic devices. Coupled with this, increasing smartphone adoption will drive sales within the region.

Growing focus on seamless and secure marine communication systems will propel innovation in the ensuing decade 2021-2031, with sales set to post strong gains in 2021, according to a latest study by Future Market Insights (FMI). The study tracks marine communication growth in high-growth markets, analyzing lucrative segments and strategies of key players.

The global marine communication market is estimated to register a CAGR of 7.8% during the forecast period of 2021-2031.

Key Takeaways

• Maritime sat phone & internet devices segment is estimated to register a CAGR of 10.9% during the forecast period
• Merchant ships segment will remain lucrative with a market share of 40.4% followed by fishing boats/vessels segment.
• The rise in popularity of recreational boating is expected to increase the adoption of marine communication systems.
• South Asia & Pacific marine communication market is set to register high CAGR, owing to the increasing demand of maritime digital data services in the region.

“With the advancement in digital data services, marine communication service vendors need to make numerous updates into their pre-existing communication technologies, in order to upgrade the industry and ensure maximum productivity” says FMI Analyst.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13029  

COVID-19 Impact Analysis

The effects of the coronavirus Covid-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact international trade and the shipping industry.

The epidemic has caused the shipping and maritime industry to face the worst circumstances as the workforce in these sectors has been shut down for the safety and prevention of the escalation of COVID-19. The market disruptions due to the coronavirus pandemic has resulted in 5%-7% Year on Year (YoY) decrease in annual maritime communication equipment’s in 2020.

However, amid the pandemic, various governments globally has continued to focus on developing and innovating marine communication technologies by launching advanced marine communication satellites for faster and reliable data transfer between shores and ships. For instance, on September 2020, China has launched its 3rd maritime satellite into space to carry out high-precision maritime environment monitoring. Thus, the continued innovation in maritime communication technologies has resulted in significant growth in the market.

Increasing Demand for VHF-based Data Exchange System

The VHF-based Data Exchange System (VDES) provides a robust and globally standard communication system for e-navigation. It supports the safety and efficiency of ship and shore operations. The reduced cost of deployment and improved communication is creating demand in various countries around the globe.

Moreover, marine electronic vendors are also focusing on offering cost-effective satellite-based communication. For instance, EGNOS, a European satellite-based augmentation service (SBAS), provides correction to GPS signals to increase the accuracy of position information. Thus, the demand for satellite-based communication system is driving the demand, and is fuelling the global marine communication market.

More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication market is segmented into four major sections such as product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, AIS receivers), Vessel Monitoring System (VMS) Terminals, Marine Radars, VHF Data Exchange System (VDES), maritime sat phone & internet devices, others) services (consulting services, integration & installation services, and after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, 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 marine communication market.

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Key questions answered in the report

• How will Marine Communication market expand until 2031?

FMI projects the global marine communication market to register a CAGR worth 7.8% across the 2021-2031 assessment period. Increasing demand for high-quality communication in maritime industry is expected to drive the growth in a positive direction.

• Which is the most lucrative market for marine communication?

US is the most lucrative region in the global marine communication market and the trend is likely to continue until the near future. This region is growing due to continuous developments in satellite-based communication systems and increased demand for enriched content from seafarers, crew and passengers in this region.

• Who are the leading players in marine communication market?

Prominent players operating in the global marine communication landscape include Icom Inc, Inmarsat, Furuno Electric Co., Ltd., Garmin Ltd., and among others

As per a report by Future Market Insights (FMI), the global marketing transcription market is expected to reach a valuation of US% 1.68 Bn in 2021 and is expected to showcase high growth between 2021 and 2031. Transcription is the process of converting speech (recorded or live) into an electronic text document. The process includes providing an audio or video source file or URL to transcriber.

A transcriber either listens to file or upload it in a speech recognition software or creates a digital or textual transcript. Marketing transcriber’s transcripts consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, others key types.

These transcripts offer various benefits like SEO visibility, captioning, user experience, maintain detailed records of meetings and group discussions. According to FMI, the demand for marketing transcription services is expected to account for above 67% of revenue generated in the market, while growth exhibited by the solutions segment is likely to be higher.

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Key Takeaways of Marketing Transcription Market Study

• Marketing transcription market is set to rise at above 8% CAGR between 2021 and 2031, driven by increasing adoption across various industries
• The U.S. will emerge as an immensely attractive market, accounting for over 82% of revenue generated in North America
• The U.K. is projected to register an impressive 15.3% Y-o-Y growth in 2021
• The demand from Germany and Italy is expected to rise at a fast pace. Italy is forecast to exhibit double-digit growth over the forecast period
• While China continues to dominate East Asia, Japan is set to record double-digit growth in the coming years

“Key players are focusing on continuous developments and implementation of new solutions such as cloud-based transcription services. Also, the emergence of AI-based transcription services is expected to save time and achieve higher accuracy rate for audio and video transcription. This is expected to create lucrative opportunities for growth of the market,” said an FMI analyst.

Impact of COVID-19 on Marketing Transcription Market

The COVID-19 pandemic outbreak has disrupted many industries, including the marketing transcription market. During a time of crisis, marketing transcription services like audio transcription services, video transcription services, and custom transcription services can be a blessing and disrupt for customers and brands.

However consumers’ usage of marketing transcription is greatly increasing. It is considered important for various applications such as risk and compliance management, fraud detection and prevention, customer management, content transcription, others.

Historically, the market for marketing transcription has grown by almost 6%-7% globally in the past 5 years. In 2020, the total value of marketing transcription is estimated to be nearly US$ 1.7 Bn globally. Due to the COVID-19 outbreak, adoption for marketing transcription is estimated to increase by nearly 8%-9% in Q1-Q2 2021.

Transcription Services to Boost SEO and Online Marketing Practices

Online video marketing has emerged as a major part of content marketing. The strategy of video marketing has been adopted by various businesses that allows marketers to demonstrate the product in more sophisticated manner instead of traditional “static” web content marketing. In 2016, 96% of B2B organizations used video in their marketing campaigns.

Search Engine Optimization (SEO) is a marketing strategy motivated by creating higher page rank and increase more site visits. Search engines do the indexing based on textual contents. Transcription of video provides text that can be indexed by search engines, and enables website to increase the chance of being prominently featured in searches. By increasing traffic, businesses are able to produce more leads towards their product that directly increases sales and eventually revenue for the company. Hence, organizations are continually adopting transcription services to increase their business profits.

More Valuable Insights on Marketing Transcription Market

A new market research report published by Future Market Insights (FMI) on the global marketing transcription market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of solution ((software (audio to text converter, and video to text converter)), and services (audio transcription services, video transcription services, and custom transcription services), type (consumer forums, group recordings, phone recordings, interviews, marketing research, focus groups, and  others), industry (BFSI, education, media & entertainment, IT & telecom, retail & consumer goods, government, and others), across six major regions.

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Key Questions Answered in the Report

• What are the key marketing transcription technologies?

Marketing transcription solution providers offer various solutions such as human-based transcription services, AI, and cloud-based solutions to end users. This is creating attractive opportunities for marketing transcription market growth.

• What are the major challenges hindering marketing transcription market growth?

Security and privacy issues associated with transcription service providers are expected to hamper market growth. Also, quality concerns of audio files are restricting marketing transcription uptake.

• What are the major trends impacting the marketing transcription upatake?

The automating transcription services and automatic speech recognition are highly sought-after within the marketing transcription market. The advent of cloud-based transcription services is creating attractive growth opportunities for marketing transcription software and solution providers.

• Which are some of the leading companies offering marketing transcription software and services?

Some of the leading companies offering marketing transcription software and service providers are TranscribeMe Inc., Way With Words Ltd., Rev.com, e24 Technologies, Crimson Interactive Pvt. Ltd, Sonix, Inc., Digital Nirvana, and others.

• Which region is expected to be at forefront in the marketing transcription adoption?

According to FMI, the market in South Asia & Pacific is projected to exhibit the highest growth at a CAGR of 13.0% between 2021 and 2031.

Communications Platform as a Service (CPaaS) is a platform that enables businesses to integrate real-time communication channels into their existing web and mobile applications. Future Market Insights (FMI) in a new study has forecast the CPaaS market to exhibit exponential growth between 2021 and 2031. The market is projected to reach US$ 5.28 Bn by the end of 2021.

CPaaS is a cloud-based delivery platform which enables businesses to add real-time communication channels including SMS, voice, Email, chat apps and more to their Industries with the use of APIs. It also offers different features such as cost savings, improved employee efficiency, access to the latest technology, increase sales, and better customer service.

Uptake of CPaaS is expected to be considerably high among small and medium enterprises (SMEs). FMI has in fact forecast SMEs to account for over half of the CPaaS market by 2031.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12953

Key Takeaways of CPaaS Market Study

• CPaaS market is set to exhibit nearly 18.1% Y-o-Y growth in 2021. The rising demand from diverse industries guarantees exponential growth of the market in the coming years
• The U.S. will remain a highly lucrative market for CPaaS, accounting for nearly 86% of the market in North America
• Growth in U.K. will happen at an impressive pace. In 2021, the market is expected to register 15.7% Y-o-Y growth in the U.K.
• Germany and France will also exhibit considerably high demand for CPaaS
• Japan and South Korea will emerge as attractive markets for CPaaS services and solutions in East Asia

“Key players are focusing on continuous developments and implementation of new solutions such as cloud communication technology and Next-Gen CPaaS solution for improving workflows & business applications, and real-time communications features. This is creating growth opportunities for the CPaaS market”. Says the FMI analyst.

Demand for CPaaS Rose Considerably Amid COVID-19

The COVID-19 pandemic outbreak has disrupted many industries, including the communications platform as a service (CPaaS) software market. Many private, as well as government organizations, have transitioned to remote working, due to which there is a sudden surge in demand for communications platform as a service (CPaaS) solutions. The demand for collaborations tools, communications platform as a service (CPaaS) software, conferencing software, UCaaS, remote desktop software and remotely managed IT services is increasing during the lockdown resulted by COVID-19 outbreak. This is driving an increase in the demand for communications platform as a service (CPaaS) solutions.

CPaaS market is estimated to grow by 1.4X from 2019-2020 and would see a surge in demand amid the COVID-19 outbreak, as remote working becomes the new norm. The worldwide spread of COVID-19 pandemic in Q1, 2020 has impacted the lockdown across the globe, nearly 80% of the IT workforce were moved to home offices and continue to work from home. This paradigm shift to remote working has created a huge demand for online platform, cloud services and remote access to important projects. Increasing adoption of cloud-based CPaaS such as communications platform as a service (CPaaS) software, web conferencing, cloud storage, unified messaging and others, due to global lockdowns, would further drive the CPaaS solution demand.

CPaaS Uptake to Increase across Diverse Industries

CPaaS can be utilized for streamlining transactional messaging that include reminders and notifications. For instance, hospitals and clinics can send automated appointment reminders to patients and reduce the cases of missed appointments. In turn, it can help them run a more efficient practice.

Hospitals across the globe are using remote diagnostics, virtual patient-doctor visits, appointment reminders or rescheduling, and provides updates of waiting times in busy clinics such as outpatient departments. Several schools and educational institutions in regions such as North America, Europe and Asia Pacific are using embedded video, voice, and messaging for real-time online tutoring and allowing students to collaborate (among themselves and with teachers) remotely.

Who is Winning?

Cloud deliveries offered by some of the leading organizations operating in the market are transforming the way enterprises are managing their communication networks. Market players are offering various innovative solutions to cater to the dynamic consumer requirements. For instance, Voximplant launched a one-click integration with Google Dialogflow in July 2020.

Some of the leading players operating in the market are Avaya Inc., Twilio Inc., Mitel Networks Corporation, Bandwidth Inc., TeleSign Corporation, and Microchip Technology Inc.

More Valuable Insights on CPaaS Market

A new market research report published by Future Market Insights (FMI) on the global CPaaS market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of solution ((software), and services (professional services (integration & implementation, consulting, and support & maintenance) and managed services)), enterprise size (small & medium enterprises (SMEs) and large enterprises), industry (IT & telecom, BFSI, manufacturing, healthcare, retail & CPG, others), across six major regions.

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Key Questions Answered in the Report

Q1. What are the technologies are provided by Communications Platform as a Service (CPaaS) Market?

The CPaaS technologies such as cloud communication technology, AI, and cloud-based solutions are highly sought-after by businesses around the world

Q2. What are key challenges for CPaaS market?

Enterprises mostly face several issues at the time of deploying CPaaS technology and inadequate awareness regarding new CPaaS solutions might slow down the growth of the CPaaS market.

Q3. Which CPaaS Solution is in High Demand?

CPaaS services are highly preferred among diverse industries. While CPaaS software currently holds dominance, FMI projects increasing demand for services to catapult the services segment to the forefront of the market by the end of 2031.

Q4. Which are some of the leading companies offering Enterprise VSAT Hardware and Service Provider?

Some of the leading companies offering CPaaS software and service providers are Avaya Inc., Bandwidth Inc., Twilio Inc., Vonage, Infobip ltd., Mitel Networks Corporation, TeleSign Corporation, and others.

Q5. Which region is expected to be at forefront in the CPaaS market?

According to FMI Analysis, with the growing adoption of cloud computing solutions and improved cloud readiness ranking of South Asia & Pacific based countries such as India, Indonesia, and Australia, the CPaaS market is expected to witness potential growth opportunities in this region. Also, this region is witnessing rapid growth in IT infrastructure and rising penetration of smart devices and internet. Therefore, CPaaS solution providers can focus on expanding their operations in this region to reach new growth avenues.

Future Market Insights (FMI) has projected the global visitor management system market to reach US$ 1.20 Bn by 2021. Adoption of visitor management system is increasing due to the rising demand for paperless administration process in the organizations. A visitor management software eliminates the use of log book or register facilitating automatic check-in process registering the information. The use of digital badges replaces the usage of printed or RFID cards for using on-premises and allows permission for internal access.

Visitor management system reduces expenses of dedicated human resource on front desk for maintaining visitor information and also reduces the expenses of buying the stationery. The adoption of visitor management is also increasing as the system can authenticate the visitor by issuing unique visitor ID and digital badges.

Banks & financial institutions segment is estimated to register a CAGR of 18.2% during the forecast period as the banks and financial institutions are customer centric and have heavy visitor footfalls on the bank premises on daily-basis. To conveniently manage and organize the visitor arrangements, the demand for visitor management solutions is increasing.

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Key Takeaways: Visitor Management System Market

The global visitor management system market is estimated to register a CAGR of 15.6% during the forecast period of 2021-2031
The U.S. will remain a highly lucrative market for visitor management system, accounting for 85% of the market in North America
The U.K. will exhibit 17.3% Y-o-Y growth in 2021, emerging as a key market for visitor management system
Germany and France will remain other lucrative pockets within Europe
Japan and South Korea will emerge as bright spots for market players in East Asia
“Some of the key players have begun offering facial recognition technology in visitor management software to provide accurate verification and identification of visitors. Also these players are focusing on launching innovative services for strengthening their market position and expanding the customer base,” says FMI Analyst.

COVID-19 Impact to be Positive for Visitor Management System Market

Businesses are facing the reality and adjusting the business model to account for the effects of COVID-19 pandemic. For ensuring business continuity, organizations are adopting advanced technologies and various solutions. They also are increasingly adopting visitor management software. Some of the businesses now need to allow other visitors and contractors into their premises while being fully accountable for safety of their employees, visitors and contractors.

Visitor management software helps businesses to ensure safety and also alerts for possible threats. It has been designed help organizations take on full accountability to keep their employees, premises, and intellectual property safe.

FMI has projected the visitor management system market is estimated to grow around 13% to 15% Y-o-Y from 2019 to 2021.

Mobile Technology-based Cost-effective Visitor Management System for Smart Offices

Visitor management system provides a cost-effective technological solution for smart offices by using capabilities of mobile technology along with the low cost WiFi modules. This is a cost-effective implementation of the system is used for managing visitors in an office environment. The growing need for increased security and ensuring health & safety is fueling the demand for mobile technology-based visitor management system. This system is also used to sign-in for visitors and staff using an iPad, web or mobile to send SMS, & email notification, and record visitor information.

Who is Winning?

Some of the key players operating in the visitor management system market are HID Global, Greetly, piLOBI, Ezy Signin, SwipedOn, Envoy, Proxyclick, Vizitor Inc, Traction Guest among others.

For instance, in March 2020, HID Global launched HID Signo to simplify the deployment and management of advanced security requirements across organizations.

More Valuable Insights on Visitor Management System Market

FMI’s report on the Visitor Management System market is segmented into four major sections such as solution (visitor management software, services), platform (web-based, mobile app), end user (gated communities, healthcare facilities, corporate offices, hospitality, academic institutions, real estate properties, 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 visitor management system market.

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Key questions answered in the report

How will Visitor Management System Market Expand until 2031?
FMI projects the global visitor management system market to register a CAGR of 15.6% through 2021-2031 assessment period.The market is driven by the growing need to ensure regulatory compliances with regards to visitors.

Which Solution of Visitor Management System is highly Sought-after?
The software segment is expected to lead the market for visitor management system through 2021-2031. Benefits such as touchless registration, photo capture, quick check-in, and others offered by visitor management software will enable its increasing uptake.

Who is the Leading End User of Visitor Management System?
The demand from banks and financial institutions is forecast to significantly increase in the coming years. Customer centric characteristic of banks and financial institutions, which is a result of heavy visitor footfall these institutions witness every day has been fuelling the demand for visitor management system.

Who are the Leading Players in Visitor Management System market?
Prominent players operating in the global visitor management system landscape include HID Global, Traction Guest, Envoy, piLOBI, Qbasis Pte, The Receptionist, among others

The increasing demand of real time data is encouraging the cold chain companies to adopt cloud technology for collecting, analyzing and sharing of the data where and when needed. This, according to a new study by Future Market Insights (FMI), will push the overall valuation of the IoT for cold chain monitoring market to US$ 4.79 Bn in 2021.

IoT technologies can utilize data that exists within the physical environment to unlock the business value across the cold chain in the form of brand equity, reduced waste, and return on investments. The web-based platform leverages real-time information from the manufacturing, production, storage and distribution stages to help companies monitor and manage asset health, temperature, work flow, vehicle location, and environmental data.

IoT offers a multitude of benefits and has been adopted across diverse industries for cold chain monitoring. According to FMI, healthcare & pharma segment is estimated to register a CAGR of 16.1% during the forecast period as the medicines and drugs are highly temperature sensitive and need to be stored and transported at consistent temperature levels so the supply chain operators are opting for IoT for cold chain monitoring solution for storing and transporting pharma products. A key point to consider here is that large enterprises will account for a dominant share of 55.2% of the market in 2021.

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Key Takeaways: IoT for Cold Chain Monitoring Market

• The global IoT for cold chain monitoring market is estimated to register a CAGR of 13.6% during the forecast period of 2021-2031
• The U.S. will continue leading the market, accounting for 86.7% of North America in 2021
• The U.K. will remain a key market in Europe, exhibiting 10.8% Y-o-Y growth in 2021
• Demand from Germany and France will continue increasing through 2031
• While growth exhibited by Japan and South Korea is expected to increase at accelerated pace, over half of East Asia market will be accounted by China through the forecast period

“Market players have been focusing on strengthening their portfolio with innovations, besides which they are concentrating on collaborations to gain competitive advantage,” says FMI Analyst.

COVID-19 Impact Analysis on IoT for Cold Chain Monitoring Market

As the world is struggling with the COVID-19 pandemic, cold storage companies are working for ensuring that there are enough fresh products to buy. Due to COVID-19 the adoption of IoT sensors for cold chain monitoring is increasing has the sensors help to collect, analyze light, humidity and temperature as well as send notification with location details if any issue arises.

Cold chain management has emerged as a crucial factor during the pandemic. As governments and other entities has started COVID-19 vaccines distribution the demand is increased for cold chain monitoring. Cold chain management maintains the necessary refrigeration levels of temperature-sensitive coronavirus vaccine across manufacturing, transportation, storage, and distribution process.

However, the IoT for cold chain monitoring market is estimated to grow around 10% to 12% Y-o-Y from 2019 to 2020.

Adoption of IoT Technology is Driving the Market Growth

IoT adoption is increasing in response to the increasing awareness regarding the use of IoT in business and benefits of using IoT technologies is increasing. In emerging countries, the governments are announcing the plan to set up an IoT institute for developing IoT in automation, robotics, healthcare and other industries as the smartphone usage is increasing and there is availability of strong network of fourth generation broadband and data centers. Adoption of IoT will increase in various industries for different purposes such as adoption of IoT in cold chain monitoring will help the companies to monitor and manage the products and prevent them from damage.

Who is Winning?

Some of the leading players operating in the market are TE Connectivity, Huawei Technologies, Zebra Technologies, Aeris, Laird Connectivity, Roambee Corporation, MosChip Technologies Limited. SenseGiz Inc, HC Technologies, Dycodex.

These companies have been focusing on innovations to gain competitive advantage. For instance, in 2017 Orbcomm unveiled a state-of-the-art cold chain monitoring solution, which it called PT 6000.

More Valuable Insights on IoT for Cold Chain Monitoring Market

FMI’s report on the IoT for Cold Chain Monitoring market is segmented into four major sections such as component (hardware, IoT software/platform for cold chain monitoring, services), enterprise size (SMEs, large enterprises), industry (healthcare & pharma, retail & CPG, food & beverages, chemicals, 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 IoT for cold chain monitoring market.

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Key questions answered in the report

• How will IoT for Cold Chain Monitoring market expand until 2031?

FMI projects the global IoT for cold chain monitoring market to register a CAGR of 13.6% during 2021-2031 owing to focus on quality and product sensitivity, government changing policies, and regulations and growth in pharma sector.

• What is the impact on IoT for Cold Chain Monitoring sales?

In recent years, the demand for IoT for cold chain monitoring has been increasing owing to increasing investments in R&D of wireless sensors, and cold chain monitoring software by key players.

• Who are the leading players in IoT for Cold Chain Monitoring market?

Prominent players operating in the global IoT for Cold Chain Monitoring landscape include Huawei Technologies, Roambee Corporation, TE Connectivity, Moschip Technologies Limited, HC Technologies, Laird Connectivity among others

• Which component of IoT for Cold Chain Monitoring Market highly sought-after?

The hardware platform for IoT for Cold Chain Monitoring is highly sought-after. However, growth in the IoT Software/Platform for Cold Chain Monitoring is likely to happen at a higher pace between 2021 and 2031.

Services by data centers have become highly sought-after, especially as organizations around the world generate staggering volume data on a daily basis. Future Market Insights (FMI) sees this as a key driver of the data center market, whose valuation is expected to reach US$ 103.05 Bn by 2021.

Technology is rapidly changing the economic landscape and creating several new opportunities for organizations to consider how they can expand their IT solutions to capitalize on emerging markets. Growing penetration of digital services across several industry verticals has resulted in the increased demand for data centers for storage, computing, and network management. This, in turn, will drive the demand for data centers.

Companies have already started investing heavily in the construction of new data centers and retrofitting existing facilities to incorporate the latest industry standards. This is expected to create attractive opportunities for growth in the near future.

The global data center market is estimated to register a CAGR of 7.4% during the forecast period of 2021-2031. FMI has forecast the IT & Telecom industry to emerge as a key end user, which is expected to account for 46.3% of the global market in 2021. However, the media & entertainment industry is expected to register growth at a higher CAGR over the forecast period.

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Key Takeaways: Data Center Market

• Data center market is forecast to exhibit 5.3% Y-o-Y growth in 2021
• The U.S. is one of the early adopters of latest technology and is expected to remain a highly lucrative market for data centers. It is expected to hold nearly 81.6% of the North America market in 2021
• U.K. will exhibit high demand for data center. The U.K. market is expected to register 8.4% Y-o-Y growth in 2021
• Germany and France will exhibit high demand. Of these, Germany is expected to account for lion’s share in Europe market
• While Japan and South Korea will remain lucrative pockets, China is projected to continue leading the data center market in East Asia

 “The demand for hyperscale data centers has shot up in the last two years, as more businesses are shifting their IT infrastructure to cloud, this demand has created high growth opportunities for data center technology providers” says FMI Analyst.

Data Center Market Gaining from Digital Transformation Amid Pandemic

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 centres 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 pushed almost every major organization towards a path to digital transformation, as the surge in remote working calls for rapid mobilization of cloud computing to cope with a rise in demand for data. Countries have experienced exponential growth in data demand. The pandemic has underscored the importance of digital technology and data centers and has increased the adoption of data centers during the pandemic. It is also expected to witness significant growth during and post-pandemic era.

Increasing Adoption of Modular Data Centers

One of the key features of a modular data center is the ease of deployment and portability offered by it. As the product is a compilation of already prepared prefabricated modules, the speed of deployment and an option of portability has been the primary factor proliferating the demand for the same. Moreover, the compact size of modular data centers, compliments the aforementioned factors.

The introduction of micro-modular data centers and containerized modular data centers, i.e. an integration of IT infrastructure, power module and cooling solutions into one container, is also boosting the modular data centers market in various regions due to space constraints in these regions.

Who is Winning?

Some of the leading companies operating in the data centers market are IBM Corporation, Cisco System, Inc., HPE, Dell Technologies, Hitachi Ltd, NTT Communications, Schneider Electric, Comarch SA, ABB, and Huawei Technologies Co., Ltd. Companies operating in this market are focusing on various strategies to gain competitive advantage and expand their footprint.

For instance:

• In November 2020, South Korea’s KT  finished the construction of Seoul’s largest hyperscape data center
• In December 2020, it was announced by the U.S. government that it plans to invest US$300 Mn in  Liquid Telecom’s Africa Data Centres (ADC) to fund expansion in Kenya and South Africa
• NIT has opened its London data center in 2020 as a part of a whopping £500 Mn investment plan

More Valuable Insights on Data center Market

FMI’s report on the data center market is segmented into four major sections such as component (hardware (data center power systems, data center racks, data center servers, data center networking devices, and others), software, and service (professional services (integration & implementation, consulting, and support & maintenance) and managed services)), data center size (small data center, mid-sized data center, and large data center), industry (IT & telecom, BFSI, manufacturing, healthcare, media & entertainment, 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 data center market.

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Key questions answered in the report

• How will data center market expand until 2031?

FMI projects the global data center market to register a CAGR worth 7.4% across the 2021-2031 assessment period. Increasing penetration of cloud services is anticipated to drive the growth in a positive direction.

• Which is the most lucrative market for data centers?

North America is the most lucrative market for data centers globally and it will remain dominant through 2031.  Within North America, the U.S. will account for the lion’s share due to the presence of a large number of data centers in the country.

• Who are the leading players in data center market?

Prominent players operating in the global data center landscape include Dell Technologies, IBM Corporation, Cisco Systems, HPE, Dell Technologies among others

• Which Industry is Exhibiting High Demand for Data Centers?

IT & Telecom industry is expected to remain the dominant end user for the data centers market through the forecast period. However, application in the media & entertainment sector is expected to increase at a higher rate.

• Which Size of Data Center has been Registering High Demand?

Services by small data centers are expected to remain highly sought-after through 2021-2031.

Cloud services market is expected to surpass US$ 470 Bn by 2021, finds Future Market Insights (FMI) in a new study. Surging adoption across diverse industries to accommodate digitization will remain one of the chief growth enablers.

Besides BFSI, government, healthcare, and other industries, education institutions are rapidly adopting cloud-based email services such as email-as-a-service on large scale. These institutions provide email solutions to their staffs in order to do their daily operational tasks. These email solutions are implemented, maintained, and managed by cloud service providers. Educational institutions that are implementing cloud-based email, benefits from several enhanced services such as a user gets 10 GB of mail inbox storage that can be accessed from any place. Moreover, it offers instant messaging capabilities and 25GB of free online storage.

Multiple devices per user is a major factor driving demand of cloud based services for accessing the data on multiple devices without the need of any physical data transfer. This however is only a benefit for users who have multiple devices to access data on. Therefore as more devices such as Smart TVs, Smartphones and PCs gets adopted among consumers, demand for cloud services is increasing significantly.

Among services models available, the demand for software as a service (SaaS) is considerably high. FMI has projected it exhibit 21.6% Y-o-Y growth in 2021. Future Market Insights also states that the global cloud services market is expected to rise steadily at a CAGR of 20.4% during the forecast period of 2020 to 2030.

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Key Takeaways of Cloud Services Market Study

• Cloud services market will exhibit impressive Y-o-Y growth at 19.9% CAGR in 2021. FMI projects growth trends to remain positive through the forecast period
• Both U.S. and Canada will exhibit remarkable growth as markets for cloud services. Of these, the U.S. will register 64.9% of North America market in 2021
• Exhibiting 20.7% Y-o-Y growth in 2021, the U.K. will emerge as a key market in Europe
• Germany and France will remain attractive spots for cloud services market
• Japan and South Korea will exhibit demand for cloud services at an accelerated pace through the forecast period

“Smart devices such as Smart TVs or Smart Watches have a limited internal storage and rely highly on the cloud for their functioning. Besides having low storage, these devices are also designed to work efficiently connected with other devices that the user owns. The growing demand for such cloud-dependent smart devices are creating new opportunities for the cloud services market.” says an FMI analyst.

Demand for Cloud Services Increased Under Pandemic Crisis

Under the pandemic crisis of COVID-19, the demand for cloud solutions and services has increased significantly, as most of the workforce started working from home/remote places. There is an influx in demand of cloud solution and services as organisations are adopting to remote work, entertainment, gaming, education and virtually everything else.

Many organisations have changed their priorities and by utilizing cloud automation, businesses are increasing their online presence by developing commerce websites on cloud platforms to decrease the impact of COVID-19 on operational efficiency and productivity. Owing to such factors pubic cloud services market revenue is estimated to increase by 1.6X during 2019-2021.

Shift of Enterprises towards Cloud Based Services

Increasing usage of cloud-based services for multiple workloads such as email services, data backups, CRM, ERP and collaboration services is expected to drive growth of the cloud platforms, over the forecast period. Cost of cloud-based services is comparatively cheaper as these do not require setting up of IT infrastructure. Therefore, many companies are shifting towards adoption of security solutions in order to secure their workloads on the cloud without risks of cyber threat.

Who is Winning?

Some of the leading companies operating in the cloud services market are Microsoft Corporation, IBM Corporation, Cisco System, Inc., AWS, Oracle Corporation, Dell Technologies, SAP, Google, Fujitsu Global, Rackspace Technology, Inc. and others. These companies are expected to focus on various expansion strategies to gain competitive advantage.

For instance, Google LLP acquired Cornerstone Technology, which is based in Netherlands and specializes in mitigating enterprise workloads, in February 2020. This acquisition helped Google LLP to expand its customer base across Europe.

More Valuable Insights on Cloud Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global cloud services market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the cloud services market, the market is segmented on the basis of service model (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)), deployment (public cloud, private cloud, hybrid cloud), enterprise size (large enterprises, small and medium enterprises), industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Government, Others) across six major regions.

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Key questions answered in the report

• How will Cloud Services market expand until 2030?

FMI projects the global Cloud Services market to register a CAGR worth 20.4% across the 2020-2030 assessment period. The adoption of cloud service is increasing in the sectors where work from home initiative is helping to sustain enterprise business function in pandemic.

• What is the impact on Cloud Services sales?

In recent years, the demand for cloud services has been increasing as it offers various benefits including access to broader network, on demand service, pay as you go, resource pooling, rapid elasticity, cost cutting and others.

• Who are the leading players in Cloud Services market?

Prominent players operating in the global Cloud Services landscape include Dell Technologies, Oracle Corporation, IBM Corporation, Google, SAP SE among others

• Which is More Preferred Service Model for Cloud Services?

Software as a Service (SaaS) segment will continue dominating the cloud services landscape, as per FMI study. Higher uptake of across diverse industries including government, healthcare, and others will enable growth in the segment.

• Which Enterprises in terms of Size are Exhibiting High Demand for Cloud Services?

The demand from small and medium enterprises is expected to scale higher through the forecast period. The rising demand for effectively managing, storing, and accessing data in cloud will enable expansion of the segment.