Market Research Blog – Page 3708 – New Product Development

Data as a Service (DAAS) Market Poised for 23.4% CAGR, Hitting US$ 85,619 Million by 2033

The global data as a service (DAAS) market is poised for extraordinary growth, with a valuation of US$ 10,429.0 million in 2023 to US$ 85,619 million by 2033. This indicates an outstanding CAGR of 23.4% over the forecast period.

Data as a service market is increasing in many markets, and businesses are adopting this technology, creating opportunities in this market. However, many security issues exist in this as data as a service using third-party providers.

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Market Opportunities:
The increasing development of cloud computing is also a trend that continuously increases the number of companies in the data-as-a-service market.

Data as a service market is growing in many sectors in the health sector it helps healthcare organizations to store, process, and analyze all the data, it is also used in the manufacturing sector as it helps manufacturers to collect data from machines and sensors.

Key Takeaways from the Data as a Service (DAAS) Market Report:

The data as a service market is poised for remarkable growth in the coming decade, with analysts projecting it to exceed the US$ 85,619.0 million mark by 2033.
The data as a service market is projected to experience an impressive CAGR of 23.4% during the forecast period from 2023 to 2033 due to the rising adoption of cloud services.
The United States dominates the data as a service market, commanding a significant market share of 20.4%. The growing recognition of the value of data-driven decision-making drives this growth.
China holds a substantial market share of 25.4% in the data as a service market, fueled by the country’s rapidly expanding digital landscape and the increasing demand for data-driven insights among businesses.
Europe’s mature market captures notable data as a service market share of 20.5%. The region’s emphasis on data privacy, regulations, and the increasing adoption of data-driven technologies contribute to the growth of the European DaaS market.
North America’s emerging market secures noteworthy data as a service market share of 4.6%. This growth is supported by the government’s initiatives to promote data-driven innovation

Competitors Winning Strategies:
Key players are focusing on partnering with other businesses like cloud providers and data analytics companies. From this, they get more new customers and help to offer a complete solution. Most of the competitors are using open-source technologies like Hadoop and Spark. From this, they can provide service at a minimal cost.

Competitors are providing many varieties of services demanded by customers, and they try to give excellent service in all these varieties.

Google Cloud, Amazon Web Services (AWS), Microsoft Azure, IBM, Oracle, SAP, SAS Institute, and Informatica are some of the leading competitors in the data as a service market.

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Recent Developments:

IBM: IBM has been one of the leaders in DaaS for a while, and the company keeps investing in this field. IBM’s DaaS services include IBM Watson Analytics, which offers a suite of data analytics tools, and IBM Cloud Pak for Data, which provides a managed data platform.
Oracle: Oracle is another key competitor in the DaaS industry, and the business offers a range of DaaS products, such as Oracle Data Cloud, that offers a variety of analytics and data management tools that provide a cloud-based data analytics platform.
SAP: SAP is a worldwide leader in corporate software, and the corporation provides a DaaS solution called SAP Data Hub. SAP Data Hub offers a uniform platform for data intake, storage, and processing, and it may be used to construct numerous data-driven applications.

Data as a Service (DAAS) Market Segmentation:

By Pricing Model:

Volume-based model
Data type-based model
Quantity-based pricing
Pay-as-per-use

By Deployment Type:

Public cloud
Private Cloud
Hybrid cloud

By End User:

SMEs
Large enterprises

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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Data Centre UPS Market on Trajectory to Hit US$ 10,571.6 Million by 2033 at 6.9% CAGR

The global data centre UPS market is expected to secure a market value of US$ 5,407.8 million. With a CAGR of 6.9%, it is anticipated to exhibit a market value of US$ 10,571.6 million, at the end of the forecast period, in 2033.

The global data center UPS market faces challenges due to the considerable costs linked to raw materials and the scarcity of skilled personnel, potentially hindering market expansion. Nevertheless, promising drivers are poised to drive market growth during the forecast period. Untapped opportunities in regions like the Middle East and Africa, coupled with the burgeoning number of data centers in South America, are anticipated to offset the hindrances and foster market expansion.

The rising demand for data centers in emerging economies, driven by digital transformation initiatives and the surge in data-driven services, is projected to bolster the adoption of UPS solutions. Moreover, the escalating need for uninterrupted data access and the growing awareness regarding data security and business continuity are compelling data center operators worldwide to invest in advanced UPS technologies.

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Government initiatives promoting data center development and energy-efficient UPS solutions are providing a conducive environment for market growth. These factors, along with ongoing technological advancements and a focus on eco-friendly UPS systems, are expected to drive the global data center UPS market forward during the forecast period.

Key Takeaways from the Data Centre UPS Market Report:

The North American region holds a significant market share of 24.5% in the data center UPS market in 2022, signifying its robust data center infrastructure and its adoption of reliable UPS solutions.
The Europe region commands a notable market share of 20.5% in the data center UPS market in 2022, showcasing the region’s thriving data center industry and commitment to enhancing power resilience.
The United States contributes significantly to the data center UPS market with a market share of 18.1% in 2022, highlighting the country’s role as a technological powerhouse.
Germany maintains a market share of 7.4% in the data center UPS market in 2022, underscoring the country’s commitment to data center efficiency and reliability.
Japan accounts for 4.3% of the data center UPS market share in 2022, reflecting the country’s technological advancements and strong data center infrastructure.
Australia contributes to the data center UPS market with a market share of 2.7% in 2022, highlighting the country’s growing data center ecosystem.
China exhibits an impressive CAGR of 8.5% in the data center UPS market in 2022, reflecting the country’s rapid technological advancements and data center expansion.
India experienced a robust CAGR of 9.5% in the data center UPS market in 2022, indicating the country’s accelerating digital transformation and growing data center infrastructure.
The United Kingdom showcases a commendable CAGR of 6.5% in the data center UPS market in 2022, reflecting the country’s commitment to data center sustainability and energy efficiency.

Competitive Landscape:

Recent Developments in Schneider Electric SA

Schneider implemented ‘The Zero Carbon Project’ in April 2021, demonstrating its dedication to reducing ‘operational carbon emissions’ by 2025.
In January 2023, Schneider Electric successfully concluded its acquisition of Aveva.

Recent Developments in Toshiba Corp.

On November 12, 2021, Toshiba made public its intention to divide into three distinct entities. The first two companies will concentrate on infrastructure and electronic devices, respectively, while the third, retaining the Toshiba name, will oversee the 40.6% stake in Kioxia and all other remaining assets. The company aims to finalize the restructuring plan by March 2024.

In February 2022, Toshiba revised its plans and opted to split into two companies instead, following disapproval from shareholders regarding the initial proposal.

Leading Key Players:

Schneider Electric SA
Eaton Corp.
Toshiba Corp.
Emerson Network Power Inc.
Clary Corp.
Intellipower Inc.
General Electric Electrical Systems
Belkin International Inc.
Power Innovations International Inc.
Barri
ABB Ltd.
Huawei Technologies
Mitsubishi Electric Corporation
Vertiv Group

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Data Centre UPS Market Segmentation:

By Product:

Small
Medium
Large

By Application:

Cloud Storage
Enterprise Resource Planning (ERP) System
Data Warehouse
File Servers
Application Servers
Customer Relationship Management (CRM) Systems

By Technology:

Line Interactive
Standby
Double Conversion

By Region:

North American
Latin American
European
Asia Pacific
Middle East and African

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India Casino Tourism Market Projects US$ 20,458 Million Revenues by 2032 | FMI

The India casino tourism market is estimated to reach US$ 5,567 Million in 2022. As per the report, sales are forecast to increase at a robust 13.9% CAGR, with the market valuation reaching US$ 20,458 Million by 2032.

Many people, especially those who enjoy gambing, make long trips to various casino locations. Several travellers go to Las Vegas, Nevada, which is the world’s gambling capital. Indian gamblers travel to Indian states where gambling is permitted. In addition to the attraction of the game, the chance to leave the comfort of home, visit a new casino location, and make memories are other factor contributing to the expansion of casino tourism in India.

One of the countries without a clearly defined gambling law is India. It has a gaming law, however it is out of date. In the end, each state of India is permitted to control its own gambling laws. Only three Indian states have legalised physical gambling, land-based gambling establishments such as brick and mortar casinos. They are Sikkim, Goa, and Daman which saw the impact of casino tourism on the economy, though some other Indian states are also taking it into consideration. In India, the casino tourist industry is still expanding quickly. Casino tourism in India has reached new heights because of the popularity of online gaming sites. Casino travel is extremely popular in India.

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The astonishing technological advancements that online casinos regularly experience have a direct impact on the volume of players and the money made. Therefore, it is reasonable to predict that the actual contribution of the gambling sector to the economy as a whole will keep increasing.

Key Trends in India Casino Tourism Market

In recent years, India has emerged as an enticing destination for casino tourism, blending vibrant cultural experiences with the allure of high-stakes gaming. As the industry undergoes dynamic transformations, several key trends are shaping the landscape of the India Casino Tourism Market.

Regulatory Shifts and Legalization: The most pivotal trend revolves around regulatory changes and the gradual acceptance of casino operations in select states. With Goa leading the charge, other regions are considering similar moves, fostering an environment conducive to the growth of casino tourism. As legal barriers crumble, new opportunities arise for both domestic and international visitors seeking a thrilling gaming experience.
Integrated Resorts and Entertainment Complexes: The paradigm is shifting from standalone casinos to integrated resorts that offer a holistic experience. These complexes combine luxurious accommodations, world-class dining, entertainment shows, and gaming facilities under one roof. This trend caters to a diverse audience, making casino tourism an attractive option for families, business travelers, and leisure seekers alike.
Digital Transformation and Online Gaming: The rise of online gaming platforms has complemented the traditional brick-and-mortar casinos. The digital shift allows enthusiasts to indulge in casino games remotely, providing a convenient and accessible alternative. This synergy between physical and online gaming experiences is redefining the industry and expanding the market reach beyond geographical constraints.

“Tourist states of India are taking constant efforts to enhance the gambling experience for travellers. While the country provides a potential market for online gambling as India is one of the countries with maximum internet penetration which will help in the growth of India casino tourism market.” Says an FMI analyst.

Key Takeaways:

Based on Game type, Slot Machines followed by 3 card game are predicted to account for a dominant share of Gamblers in the market through 2032.
In terms of age group, demand in the age group 35-50 years will continue gaining traction through 2032.
Nearly 8 million tourist visit India to experience gambling in casinos every year.
Based on type of tourist, Domestic tourists will continue to grow in the forecasted period.

Who is winning?

Leading players in India Casino Tourism Market are Guide India Tour, India Travel Tours, Casinota, Casino Tours, Tripadvisor, TourRadar, Akshaya india Tours and Travels Ltd., Kesari Tours Pvt Ltd., among others.

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India Casino Tourism Market by Category

By Game Type, India Casino Tourism Market is segmented as:

3 Card Poker
American Roulette
Blackjack
Casino Stud Poker
Dice
Punto Banco
Others

By Casino Type, India Casino Tourism Market is segmented as:

Commercial
Tribal
Limited Stakes
I-gaming

By End Users, India Casino Tourism Market is segmented as:

Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience

By Age Group, India Casino Tourism Market is segmented as:

18-25 Years
25-35 Years
35-50 Years
50-65 Years
65 Years and Above

By Tourist Type, India Casino Tourism Market is segmented as:

Domestic
International

By Consumer Orientation, India Casino Tourism Market is segmented as:

Men
Women

By Tour Type, India Casino Tourism Market is segmented as:

Independent Traveler
Package Traveler
Tour Group

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Photonic Crystal Displays Market Eyes 7.40% CAGR, Exceeding US$ 114946.4 Million by 2032

The global photonic crystal displays market is anticipated to reach US$ 114946.4 million by 2032, based on the most recent data available from Future Market Insights’ market analysis of photonic crystal displays. The market will expand at a CAGR of 7.40% from 2022 to 2032 when it is anticipated to reach US$ 56334.2 million.

The Photonic crystals display market is growing significantly in industrial research as it is providing new tools for the manipulation of photons. Photonic crystal display refers to a structure in which materials with diverse refractive indexes are periodically arranged. Photonic crystal displays provide low power consumption, high reflectivity, and high pixels-per-inch resolution. It is widely used in LEDs, bio-photonics, optics, optoelectronics, quantum engineering, and others.

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Photonic Crystal Displays Market: Drivers and Challenges:
27 The major driver for Photonic crystal display drivers is the increase in demand for photonic crystal displays in LEDs due to less power consumption, and growth in Research and Development activities, and the unique properties of these crystals drive the growth of the photonic crystal display market. In addition to that, the adoption of advanced technology in areas such as LEDs, optical fibers, laser, image sensors, solar, and others are driving the Photonic crystal displays market.

In contrast to this, the absence of reliable fabrication methodologies and complexities associated with the formulation of crystals is restraining the Photonic crystal displays market.

Photonic Crystal Displays Market: Regional Overview:
The photonic crystal display Market is currently dominated by North America due to the maximum number of manufacturing companies in this region such as Lockheed Martin, Agilent Technologies, Palo Alto Research Center (PARC), and others that are based in North America itself, and are expanding their business outside North America region.

Asia-Pacific shows the fastest growth rate owing to the economic development and rise in R&D activities for different application areas such as optical chips, sensing, lasers, and others.

Photonic Crystal Display Market Dynamics:

Historical Actual Market Size, 2013 – 2015
Photonic Crystal Display Market Size & Forecast 2017 to 2027
Value Chain
Photonic Crystal Display Market Current Trends/Issues/Challenges
Competition and companies involved
Photonic Crystal Display Market Drivers and Restraints

Leading Key Players:
Some of the key players in the Photonic crystal display market are Palo Alto Research Center (PARC), Opalux, Lockheed Martin, Corning Incorporated, Photonic Lattice Inc., Rohm Co., Agilent Technologies, Microcontinuum and Lightwave Power, ICX Photonics, Epistar, Fianium, TDK Corporation, OmniGuide, Micron Technology, Luxtaltek Corporation, Canon Kabushiki Kaisha (Canon), Advanced Photonic Crystals (APC), Philips Lumileds Lighting Company, LG Innotek, NKT Photonics, Samsung LLC, Panasonic, and Luminus Devices Inc.

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Photonic Crystal Displays Market Segmentation:

By Type:

One Dimensional Photonic Crystal
Two Dimensional Photonic Crystals
Three Dimensional Photonic Crystals

By Application:

Optical Fiber
LEADS
Image Sensors
Solar & PV Cells
Lasers
Discrete & Integrated Optical Components
Others

By End User:

IT and Telecommunications
Manufacturing
Transportation and Logistics
Defense and Government
BFSI
Healthcare
Retail
Energy and Utilities
Others

By Region:

North America
Latin America
Asia Pacific
META
Europe

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Wireless Battery Monitoring System Market Accelerates with 23.30% CAGR, Aims for US$ 10,856.6 Million by 2032

The wireless battery monitoring system market is expected to reach US$ 1,340.5 million in 2022. According to the market estimate, sales of wireless battery monitoring systems will reach US$ 10,856.6 million by 2032 and increase at a CAGR of 23.30%.

The demand for wireless battery monitoring systems is anticipated to rise along with the demand for more efficient electric grid management, which is anticipated to fuel the expansion of the global wireless battery monitoring system market throughout the forecast period.

Wireless battery monitoring is a component of systems for monitoring and centrally evaluating batteries. These systems may track and measure various characteristics, including ambient temperature, voltage, acid levels, individual battery voltage, current, and voltage.

The wireless battery monitoring system market refers to a set of technologies and services that enable the wireless monitoring of battery systems in real-time. These systems use sensors, software, and other technologies to collect data on battery health, performance, and other key metrics, which can be analyzed to optimize battery usage and improve reliability.

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The wireless battery monitoring system market has seen significant growth in recent years, driven by factors such as the increasing adoption of renewable energy sources, the growth of the electric vehicle market, and the need to improve battery performance and lifespan.

The wireless battery monitoring system market is segmented by type, component, communication technology, end-use industry, and region. The type segment includes wired and wireless systems. The component segment includes hardware, software, and services. The communication technology segment includes Zigbee, Wi-Fi, Bluetooth, and others. The end-use industry segment includes automotive, energy storage, telecom and data centers, and others.

The automotive industry is expected to dominate the wireless battery monitoring system market, followed by the energy storage telecom and data center industries. The growth in the automotive industry is driven by factors such as the increasing adoption of electric vehicles, the need to improve battery performance and lifespan, and the growing demand for battery management solutions.

Leading Key Players:
Some of the key players in the wireless battery monitoring system market are

Ashwoods Energy Limited
Toshiba Corporation
L&T Technology Services Ltd.
Merlin Equipment Ltd.
Vecture Inc.
Lithium Balance Corporation
Nuvation Engineering

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Recent Developments in the Wireless Battery Monitoring System Market:

In June 2022, Toshiba Energy Systems & Solutions Corporation announced its latest superconducting motor development to fulfill the mobility sector’s needs. This motor can recognize lightweight, high-speed rotation, and high-output density, and can be made available for bigger mobility applications.
Toshiba Electronic Devices & Storage Corporation announced its partnership with Farnell to intensify the supply chain for an extended range of novel and innovative products.

Wireless Battery Monitoring System Market Segmentation:

By Component:

Hardware
Software
Services

By Battery Type:

Lithium-ion
Lead Acid
Others

By Application:

Automotive
Telecommunication
Aerospace & Defence
Energy and Utilities
BFSI
Health care
Others

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Aerial Imaging Market Reaches New Heights: Expected 13.3% CAGR Envisions US$ 10.5 Billion by 2032

The aerial imaging market is expected to reach US$ 10.5 Billion by 2032, up from US$ 3.0 Billion in 2022, expanding at a high CAGR of 13.3%. This study explains that Aerial Imaging companies are consistently focusing on developing advanced camera systems for a wide range of imaging applications. This factor is expected to fuel market growth during the forecast period.

Major factors expected to accelerate the growth of the Aerial Imaging Market during the forecast period include a rise in demand for aerial imaging in disaster risk reduction and prevention, the surge in demand for varied commercial applications, and the use of aerial imaging technology in setting up 5G infrastructure.

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Additionally, the adoption of aerial imagery services has increased owing to their various applications such as photogrammetric surveys, development of topographic maps, environmental studies, surveillance, and others. Increased application areas among various verticals, such as agriculture, forestry, energy & resource, and civil engineering. These are some other factors that will propel the market growth over the analysis period.

Key Takeaways from the Aerial Imaging Market Report:

The global aerial imaging market was valued at US$ 3.0 Billion by 2022-end
The US to account for the highest value share of US$ 3.9 Billion of global market demand for Aerial Imaging Market in 2032
From 2015 to 2021, Aerial Imaging demand expanded at a CAGR of 13.9%
By Application, Geospatial Technology constitutes the bulk of the Aerial Imaging market with a CAGR of 14.2%.

Competitive Landscape:

Players in the global Aerial Imaging Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In January 2022, Iris Automation, Doosan Mobility Innovation (DMI), and Drone America agreed to use Doosan’s hydrogen fuel cell technology to explore the feasibility and opportunities for long-range autonomous unmanned aerial vehicles (UAV).
In December 2021, the US Navy and Boeing initiated the testing phase of the MQ-25 T1 test asset, an unmanned aerial refueler. The first test successfully ensured the possible future integration of unmanned vehicles for refueling purposes in military operations.
In July 2021, senseFly, a leading provider of fixed-wing mapping drones announced the launch of eBee TAC, an advanced fixed-wing Unmanned Aircraft System (UAS) designed for covert tactical mapping operations in security defense and governmental sectors. The eBee TAC provides active field personnel access to reliable and accurate location data and maps, offering field intelligence and situational awareness required to act with confidence and precision across rapidly changing environments.

Leading Key Players:

Terra Flight Aerial Imaging Inc.
Fugro Ltd
Nearmap Ltd.
Eagle View Technologies, Inc.
Digital Aerial Solutions, LLC
Aerial Imaging Productions, LLC

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Know More About What the Aerial Imaging Market Report Covers:

Future Market Insights offers an unbiased analysis of the global Aerial Imaging Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Aerial Imaging Market, the market is segmented on the basis of application, and end-use industry across five major regions.

Key Segments Covered in the Aerial Imaging Market Study

By Application:

Energy Extraction
Geospatial Technology
Natural Resources Management
Construction & Development
Disaster Response Management
Defense & Intelligence
Conservation & Research
Media & Entertainment

By End Use Industry:

Government
Commercial Enterprises
Civil Engineering Industry
Military
Forestry & Agriculture
Energy Sectors
Insurance

By Region:

North America
South America
Europe
Asia Pacific
Middle East & Africa

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Cloud Access Security Brokers Market: Projected Growth Surges with a 13.9% CAGR, Eyeing a Staggering US$ 39.3 Billion Valuation by 2033

The cloud access security brokers market is anticipated to expand its roots at a steady CAGR of 13.9% between 2023 and 2033. The market is expected to have a share of US$ 39.3 billion by 2033 while it is likely to be valued at US$ 10.7 billion in 2023.

New-age machines and connected devices have made their storage options ready. Cloud storage systems are the new space to accommodate data and information for the usage of a certain enterprise. With this development, the demand for a high-end security system has pushed the advent of CASB systems.
The advanced CASBs are deploying their protection layer to different types of working spaces like BYOD, SaaS, and even IaaS. The system saves sensitive data from getting into unauthorized parties’ hands through malicious malware. Especially, the application of a cloud access security broker is likely to be helpful for the infrastructure as a service as data leakage is common there.
The Shadow IT solutions are powered through the CASB solution as it maintains visibility and transparency in the whole operation. The solution also prevents the application of unsanctioned applications while identifying the most vulnerable end users.
The expanding corporate spaces, IT, and telecommunication sectors booming in emerging economies are using CASB solutions well. The market is expected to flourish in the future as most sectors are going digital for better opportunities.

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Key Takeaways:

The United States market leads the cloud access security brokers market in terms of market share in North America. The United States region held a market share of 24.2% in 2023. The growth in this region is attributed to the expanding corporate spaces, higher outsourcing, and increased innovations. The North American region held a major market share of 36.3% in 2022.
Germany’s market is another successful market in the European region. The market holds a market share of 8.2% in 2023. The growth is attributed to the stringent government norms for corporate structures. Though, the European region held a market share of 21.1% in 2022
The Indian cloud access security brokers market booms at a leading CAGR of 17.8% during the forecast period. The market’s growth is attributed to proliferating IT spaces, higher outsourcing structures, and government focus on the prevention of cyber attacks.
Chinese market also thrives at a CAGR of 14.9% between 2023 and 2033. The growth is caused by foreign brands setting up their manufacturing spaces in China.
Based on cloud deployment type, the Software as a Service (SaaS) segment held the leading market share of 38.1% in 2022.
Based on software type, on-premise software performs better than the rest as it holds a leading market share of 21.3% in 2022.

Competitive Landscape:

The key vendors focus on multi-layer security, data-theft prevention, cloud access management along with possible threat prediction. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Leading Key Players:

NetSkope Inc
Skyhigh Networks
CloudLock Inc
Zscaler Inc
Bitglass Inc.

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Recent Market Developments:

Skyhigh Networks’s CASB solution delivers the monitoring and regulating access to cloud applications, controls the data and cloud activity, and prevents cloud security threats and misconfigurations.
Bitglass Inc. Has introduced the Next-Gen cloud access security broker (CASB) solution for the respective corporate enterprises. The solution ensures the adoption of various cloud apps while ensuring data security and regulatory compliance.

Key Segments Covered

By Cloud Deployment Type:

Software as a Service
Platform as a Service
Infrastructure as a Service

By Software Type:

On-Premise Software
Cloud and Monitoring
Control & Monitoring
Risk & Compliances Management
Cloud Data Encryption
Data Confidentiality/Data Leakage Prevention
Tokenization

By Services:

Consulting
System Integration
Operation & Maintenance

Key Regions Covered:

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan
Middle East and Africa

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Smart Grid Data Analytics Market to Soar at 12.3% CAGR, Reaching US$ 14.9 Billion by 2032

The smart grid data analytics market is expected to grow at a CAGR of 12.3% between 2022 and 2032, with revenues estimated at US$ 4.3 billion in 2021. The market is expected to be worth US$ 14.9 billion by the end of 2032.

Smart grids lead the new generation of the electrical industry by transitioning from static one-way control to dynamic two-way control. Smart grids capture more data than traditional energy meter reading systems.

As additional factors are included, this enables the application of data analysis tools and the development of realistic consumption projections. As a result, since there is exponentially more data accessible to construct analytical models, the prospects for smart grid analytics have been growing.

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Moreover, the smart grid maximizes asset use and runs effectively, resulting in required functionality at the lowest possible cost. Many corporations are already updating their substations and power plants by installing sensors on the key components, such as turbines and transformers, to detect vibration or other irregularities that might lead to future issues. As a result, these businesses use smart grid analytics to improve the operation of connected equipment in the field.

The smart grid analytics industry has experienced rapid development in recent years due to various driving factors like the introduction of smart metering infrastructure, which generates a massive number of data, the finite nature of non-renewable sources of energy, and increased customer participation.

The development of cloud-based solutions/Software-as-a-Service (SaaS) solutions, increasing demand for system integrators, and a shift in focus on grid operation optimization are all market prospects throughout the smart grid analytics environment.

Key Takeaways from the Smart Grid Data Analytics Market Report:

Global Smart Grid Data Analytics Market is expected to reach a market size of US$ 4.7 Billion by 2022.
In terms of IT Solutions, the Generalized Solutions segment is expected to have the highest CAGR rate of 14% during the forecast period.
In terms of the Deployment Model, the Cloud-based segment is expected to account for the highest CAGR of 14.9% during the forecast period.
United States is projected to remain the dominant market with an absolute dollar growth opportunity of US$ 1.5 Billion during 2022 – 2032.
The market in the U.S. is set to experience the highest CAGR of 10% during the 2022-2032 forecast period.

Competitive Landscape:
The Smart Grid Data Analytics Market is highly concentrated, with only a few competitors accounting for the vast majority of market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects. Some developments in this Smart Grid Data analytics market include:

In January 2020, Itron Inc. agreed to work with the Los Angeles Department of Water and Power (LADWP) to increase grid awareness and lower operational expenses. LADWP is likely to adopt Itron’s Industrial IoT connection and distribution Automation (DA) technology as part of this collaboration to modernize its grid.
In October 2019, Uptake partnered with Symboticware to provide mining companies with an end-to-end, incorporated data science and AI platform to increase the productivity of mobile mining equipment. Symboticware’s SymBot gadget, which takes significant data across mining fleets, and Uptake’s Asset IO, Asset Performance Management (APM) application that employs artificial intelligence (AI) to extract expected insights from data, are part of the combined solution.

Leading Key Players:

Accenture Plc.
Capgemini S.A., Inc.
Dell EMC
IBM Corporation
Oracle Corporation
Schneider Electric
Itron Inc.
AES Ohio

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Future Market Insights, in its new offering, presents an unbiased analysis of the Smart Grid Data Analytics Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Smart Grid Data Analytics Market in terms of Component (Solution, Services), Deployment Model (On-premises, Cloud-based, Hybrid), End-User (Small/ Medium Enterprises, Large Enterprises, Public Sector), IT Solution (Specialized Solutions (for Back-end) (CRM, Billing, Customer Care, Business Intelligence, Others), Generalized Solutions (for Front-end) (CRM, Billing, Customer Care, Business Intelligence, Others)), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

Smart Grid Data Analytics Market Segmentation:

By Component:

Smart Grid Data Analytics Solution
- AMI Analytics
- Demand Response Analytics
- Grid Optimization
- Asset Management
- Others
Smart Grid Data Analytics Services
- Professional Services
- Managed Services

By Deployment Mode:

On-premises Smart Grid Data Analytics
Cloud-based Smart Grid Data Analytics
Hybrid

By End-user:

Large enterprises
Small and Medium-sized Enterprises
Public Sector

By IT Solution:

Specialized Solutions
- CRM
- Billing
- Customer Care
- Business Intelligence
- Others
Generalized Solutions
- CRM
- Billing
- Customer Care
- Business Intelligence
- Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Cellular M2M Market Growth Projected: Eyes US$ 80,726.9 Million Valuation with 19.1% CAGR by 2033

The global cellular M2M market is forecasted to expand at 19.1% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 14,018.0 million in 2023.

Over the last decade, the concept of communication has drastically evolved thanks to robust internet speed, the launch of advanced smartphones, and the emergence of apps like WhatsApp. Cellular M2M has emerged as an advanced technique to elevate contemporary communication networks.

Cellular M2M is one of the significantly advancing technologies present in the market. Due to its power to link millions of devices beneath a single network system, it is gaining widespread adoption.

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Cellular M2M is used in several application fields like 3G or 4G networks, home appliances, vending machine monitoring, and the healthcare sector. Growth in the aforementioned application areas is projected to catalyze the demand for cellular M2M services in the forecast period.

The increasing significance of cellular M2M in enabling connectivity by modifying cellular 3G or 4G data services is also projected to boost its market growth. Cellular M2M in combination with a 3G or 4G network is superior to 2G. This is because the former results in a flexible installation, broad coverage, backward compatibility, etc.

Increasing demand for cellular M2M connectivity to bolster the performance of IoT-based home appliances is propelling the market growth. For instance, firms like LG and Samsung are planning to offer intelligent home appliances and services to provide an elevated standard of living.

M2M facilitated washing machine is empowered to send notifications on the owners’ smartphones or any other smart device post the completion of washing or drying. Home appliances can work magic if linked with M2M connectivity, thus enhancing the quality of living.

Governments across the globe are recognizing the potential of the M2M sector and strengthening the same to reap its plenty of benefits. The government of India, for instance, is taking steps to invigorate the M2M ecosystem and enable broad penetration and advances in the sector over the coming years.

The M2M communication is projected to be crucial in the government initiatives like ‘Make in India’ and ‘Digital India’.

Top Highlights from the FMI’s Analysis of the Cellular M2M Market:

North America’s cellular M2M industry is projected to gain more than 28.6% value share in 2023. The United States market is expected to clock above 20.2% market share in the same year.
Europe’s cellular M2M industry represented a 23.4% market share in 2022.
The share of Germany’s market in the global cellular M2M industry is expected to be more than 8.9%.
The United Kingdom cellular M2M industry is anticipated to expand at 18.6% CAGR over the forecast period.
China market is expected to propel at a significant CAGR of 20.2% over the next decade.
India’s cellular M2M industry is projected to pace at 19.5% CAGR over the forthcoming years.
Based on function, the connectivity services segment acquired a 59.5% market share in 2022.
Based on application, the asset tracking, and monitoring segment procured 38.4% value share in 2022.

Market Competition is Stirring Based on Various Factors

On the competitive front, the key players from the cellular M2M industry are concentrating on delivering devices for enabling regular transactions. The ongoing shift in the consumer base of the cellular M2M industry is one of the key strategies that the leading players are going to leverage upon, going forward.

Other key strategies being employed by the leading market participants include acquisition and alliances with software firms. This is projected to help elevate the brand value of the services being offered.

Leading Key Players:

AT&T
Verizon
T-Mobile
Vodafone
Telefonica
Ericsson
Arm Holdings
KPN

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Key Segments in the Market

By Function:

Connectivity Services
Professional Services
Managed Services

By Application:

Asset tracking and monitoring
Predictive Maintenance
Telemedicine
Fleet Management
Warehouse Management
Industrial Automation
Smart meter

By Industry:

Healthcare
Energy and Utilities
Transportation and Logistics
Manufacturing
Others

By Region:

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

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Nandini Singh Sawlani

South Africa Casino Tourism Market Soars, Predicting a Noteworthy US$ 5,130 Million with 5.7% Growth by 2032 | FMI

The South Africa casino tourism market is estimated at US$ 2,947 Million in 2022 and is projected to reach US$ 5,130 Million by 2032, at a CAGR of 5.7 % from 2022 to 2032.

Many different games and activities are appealing to South Africans, who have long played games for fun. Casinos, bookmakers, gaming parlours, and increasingly internet are where most gambling takes place nowadays. The online gaming sector is one of the areas of the gambling industry that is expanding most quickly. Every tenth South African enjoys gambling as a kind of entertainment.

Additionally, according to recent projections, the country’s gaming sector earns roughly R35 billion in total revenue annually. In the coming years, experts expect this figure to increase by 6% annually. The gaming industry is dynamic and always changing to meet consumer demand. On this market, which is expected to grow dramatically over the next four years, many software and technology companies, as well as operators, media, regulators, attorneys, payment solution providers, and investors, are focusing their efforts.

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Since the Department of Trade, Business and Competition (DTIC) has yet to present the legislative and policy framework for the internet gambling industry, South Africa’s online gambling industry has been at a halt for more than ten years. It goes without saying that if the DTIC does nothing, this results in significant losses in both revenues and taxes, which is precisely why experts suggest that action should be done as soon as feasible.

The legal gaming industry in South Africa does not impose any taxes on recreational gamblers. There are no taxes due on the winnings South Africans receive through online sports betting. But in South Africa, there is a 6% tax on horse racing. This could be one of the reasons why while horse racing has declined in popularity in recent years, sports betting has grown more and more popular among bettors in the nation. In South Africa, the nine Provincial Gambling Boards are responsible for collecting any gambling taxes.

“South Africa will drive the casino tourism market by Online gambling industry and generating taxes from casino market.” Says an FMI analyst.

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Key Takeaways:

Through 2032, Blackjack is expected to hold a significant market share in terms of Game type.
Age-wise, through 2032, demand will continue to increase in the 35 to 50-year-old range.
Nearly 4 million tourist visit South Africa for casinos every year.
Based on type of tourist, International tourists will continue to grow in the forecasted period.
Technology is increasing efficiency and service levels while also giving customers additional options.

Key Players

Urvi Tours
Thomas Cook
Tsogo Sun Gaming
Abercrombie and Kent Safaris (Pty) Ltd
Heena Tours & Travels
Dook International
Happy Vacations Tours and Travels
Sun International
Travel Triangle
Veena World
Tripadvisor
Yatra.com
Kushal Yatra
Expedia, Inc. (as per request)

The South Africa Casino Tourism Market by Category

By Game Type:

3 Card Poker
American Roulette
Blackjack
Casino Stud Poker
Dice
Punto Banco
Others

By Casino Type:

Commercial
Tribal
Limited Stakes
I-gaming

By End Users (% of Demand):

Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani