Market Research Blog

According to a recent analysis by Future Market Insights (FMI), the adoption of IoT connectivity management platform in the market is estimated to grow at a CAGR of 16.8% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 6.3 Bn by the end of 2022. Organizations  are adopting cloud-based solutions in order to increase the efficiency of their business in long run and provide security, improved collaboration and corporate data mobility.

Increasing adoption of IoT cloud platform due to demand for high-frequency data access and sharing with cost-effective data storage solutions is propelling the deployment of IoT platform in where the deployment of on-site IoT architecture is a very costly. Cloud solutions provide seamless communication between the IoT devices, expanded reach, and reduced latency over direct remote network connection.

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Also, growing integration of IoT powered technologies is enabling organizations to use smart devices and sensors to collect and transform data into business insights more rapidly with high accuracy and lower cost.

Connecting cloud with IoT reduces errors, increases visibility, provides scalability and affordability with faster time to market, thereby driving the growth in the IoT connectivity platforms market.

“Rapid digitalization across emerging economies is fueling the adoption of IoT devices, which is expected to auger well for the market. In addition to this, surging demand for workplace automation across various organizations will boost sales in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• By component, the solution segment is anticipated to expand at a CAGR of 7% during the forecast period.
• Among the enterprise size, SMEs segment is estimated to grow by 2X during the forecast period.
• Cloud-based IoT CMS segment is expected to create an absolute $ opportunity of US$ 8 Bn during the forecast period.
• Based on industry, demand in the healthcare segment is anticipated to grow at a CAGR of 1% between 2022 & 2032.
• The market in U.K. is expected to progress at a CAGR of around 5% during the forecast period.
• In Japan, the IoT connectivity management platform market is expected to grow by 9x between 2022 & 2032.
• IoT connectivity management platform market in China is estimated to offer an absolute $ opportunity of US$ 1.3 Bn over the forecast period.

 Competitive Landscape

IoT connectivity management platform players are entering into partnerships with other players for enabling enterprises to track and control the IoT assets with unified and intuitive connectivity management services.  For instance:

• In Feb 2020, Ericsson collaborated with T-Mobile Austria and Stanley Black & Decker for accelerating the global deployment of Stanley Black and Decker’s connected equipment and services.

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More Valuable Insights on IoT Connectivity Management Platform Market

Future Market Insight’s report on the IoT connectivity management platform industry research is segmented into five major sections – component (solution, services), deployment (cloud-based, on premise), enterprise size (Small and medium-sized enterprises (SMEs), large enterprises),  industry (IT & telecom, consumer electronics, energy & utilities, BFSI, healthcare, retail, manufacturing, government and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the IoT connectivity management platform demand outlook.

IoT Connectivity Management Platform Outlook by Category

By Component:

• IoT Connectivity Management Platform Solution
• Services

By Deployment:

• Cloud-based
• On premise

By Enterprise Size:

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

By Industry:

• IT & Telecom
• Consumer Electronics
• Energy & Utilities
• Healthcare
• Manufacturing
• Retail
• BFSI
• Others

By Region:

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

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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The worldwide parking management solutions market is assessed to gather US$ 768.2 Billion while showing a 5.6% CAGR during the gauge time frame. Fundamentally because of the accessibility of brilliant advances among the majority the worldwide parking management solutions market has developed huge amounts at a time as of late.

Expanding gridlock and vulnerability in the parking accessibility would fuel the development of parking management solutions market.

The development of parking management market is driven by variables, for example, rise of completely mechanized parking frameworks (APS), expansion in gridlock, consistent progressions in machine-to-machine correspondence innovation and expanding interest for shrewd parking sensors for parking management.

With expanding parking booths, the parking management solutions industry is supposed to get US$ 440 Billion out of 2022.

Rising interest for rapid network with great help conveyance this will emphatically affect the general market development.

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Increasing use of cloud based technology such as artificial intelligence and big data and in many applications impelled the growth of the market. The parking venues segment is likely to offer remunerative opportunities for the global parking management solutions market.

Key Takeaways:

• By technology, parking kiosks segment is expected to record an 6.0% CAGR by 2032
• By installed location, parking venues segment to expand at a 6.8% growth rate during the forecast period
• The U.S market to garner US$ 168.2Billion and record a 4.7% CAGR from 2022-2032
• Market in China to procure US$ 93.5Billion, expanding at a 7.5% growth rate during the assessment period

“Growing number of vehicles across the world, rising demand for an effective traffic management solutions, and rapid development of smart cities are expected to drive the market in the forecast period”.

Competitive Landscape

Key players of the global parking management solutions market include Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, CivicSmart, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

• In May 2020 – FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime
• In June 2020 – Passport Inc., partnered with Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
• In March 2020 – Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market. ​

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What is the Contribution of Key Players to the Global Parking Management Solutions Market?

Key players of the global parking management solutions market include Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, Civic Smart, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability.

Recent developments among key players are:

• In May 2020 – FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime
• In June 2020 – Passport Inc., partnered with Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
• In March 2020 – Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market. ?

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global parking management solutions market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of technology (parking metre, parking kiosks) and by installation location (street parking and parking venues) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).

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Key Segments Covered in the Parking Management Solutions Market Report

By Technology:

• Parking meters-based Parking Management Solutions
• Parking Kiosks-based Parking Management Solutions

By Installation Location:

• Parking Management Solutionss for Street Parking
• Parking Management Solutionss for Parking Venues

By Region:

• North America Parking Management Solutions Market
• Europe Parking Management Solutions Market
• Asia Pacific Parking Management Solutions Market
• Middle East & Africa Parking Management Solutions Market
• Latin America Parking Management Solutions Market

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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As per the study at FMI, the oil and gas data management software market was valued at US$ 16.9 Bn in 2022 and is predicted to reach US$ 70.4 Bn by 2032, growing at a 15.3% CAGR. The deployment of data-gathering equipment, such as sensors at various remote sites and operational fields, has resulted in a tremendous increase in demand for oil and gas data management software.

Furthermore, the sales of oil and gas data management software have grown due to greater digitization, the adoption of workplace mobility solutions, and real-time workforce assistance. As a result, market spending on the efficient server, networking, and the demand for oil and gas data management software is expected to rise in order to expedite business operations and improve overall efficiency.

In today’s economy, digital data is growing at an exponential rate which is propelling the growth of oil and gas data management software market share. The growth of the Internet of Things is generating massive amounts of digital data in the oil and gas industry at an exponential rate which further increases the demand for oil and gas data management software.

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More than 80% to 90% of the digital data on the market today was developed in the last two years. The number of data breaches has increased as the amount of data has grown. Data management software for oil and gas companies is a type of advanced software that helps them manage and preserve their data.

Such organizations’ projects are difficult in terms of operations, resource management, capital management, inventory management, and so on. Furthermore, the sales of oil and gas data management software are growing as it aids businesses in maximizing resources, tracking project progress, and increasing efficiency.

The demand for oil and gas data management software is anticipated to grow as it enables firms to effectively manage and access their data in real-time. Regulatory compliance management tools, data analytics, data warehousing, and other capabilities, such as process design control, are all being integrated into data management software by a number of software development providers and suppliers.

Furthermore, increased use of IoT and AI is expected to boost the sales of oil and gas data management software and large-scale data management software implementation by small and large firms in the oil and gas market.  Data management as a service is gaining pace in the oil and gas market thanks to cloud platform acceptance, next-generation data centre evolution, and cost-effective and adaptable data management solutions.

The oil and gas data management software is expected to be driven by the rising trend of cloud use in the coming years. Data breaches are becoming more common around the world, demanding the modernization of existing organizational infrastructure.

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As a result, global enterprise data management infrastructure modernization is expected to drive the global oil and gas data management software market size during the forecast period. However, the lack of complete data security assurance and abuse of obtained data is stifling the sales of oil and gas data management software in both international and domestic sectors.

KEY TAKEAWAYS: 

• By component, the solutions segment dominated the oil and gas data management software market with a CAGR of 15.5% through 2032.
• During the forecast period, the U.S. is anticipated to dominate the oil and gas data management software market with a CAGR of 13.5% through 2032.

• The region accounted for almost a third of global market revenue and is likely to maintain its dominance during the forecast period. The demand for oil and gas data management software is anticipated to rise as it is being adopted by a huge number of mid-sized and small businesses.
• During the forecast period, the Middle East and Africa had the second-largest oil and gas data management software market share.
• In 2017, Asia Pacific had tremendous growth, owing to a rising rate of digitization in data management over time. However, it is encountering roadblocks in the oil and gas data management software market’s expansion. Different regulatory compliances and the scarcity of effective infrastructure are cited as major explanations for the possible risk.

COMPETITIVE LANDSCAPE 

Oil and gas data management market players are focusing on providing customised solutions that are in sync with the procedures of various oil and gas organisations. These solutions contribute to the market’s increased growth rate for oil and gas data management software.

Some of the oil and gas data management software market players profiled in the FMI’s study are Newgen Software, IBM Corporation, Cisco Systems, SAP SE, Tata Consultancy Services Ltd

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Recent Developments 

• In 2018, Sourcewater, Inc. purchased Genscape, Inc.’s Digital H2O Water asset intelligence service with the goal of launching an advanced IoT integrated oilfield water and disposal intelligence platform that would provide sophisticated water data science to the upstream energy industry.
• Emerson Electric Co. acquired General Electric’s AI Intelligent Platform in 2018, with the goal of strengthening the worldwide exploration and production software market. Emerson Electric Co. would be able to increase its capabilities in machine control and discrete applications, as well as integrate with oil and gas power plants, as a result of this acquisition.

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Several forward thinking e-Commerce retailers and shop owners are incorporating AR in retail to enhance the customer experience. Both, in-store and online retailers acknowledge the fact that, by integrating AR in retail, they can increase their sales.

Quite literally, in the case of e-Commercial businesses, AR in retail puts the shopping experience directly in the user’s hands.Though developers are still upgrading AR in retail, in the case of store-owning businesses, customers visiting the store sit in front of a mirror that uses augmented reality to scan an image of them.

After the scanning is completed, customers are able to view themselves wearing the product virtually in the mirror. Such upgrades have already been introduced to AR in retail market.

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AR in Retail Market: Drivers & Challenges

AR in retail improves a customer’s overall shopping experience, and enhances the way in which retailers engage with their prospects. This factor is expected to drive the global AR in retail market. AR in retail enables the creation of immersive product and services catalogs with preview features. AR in retail also enable retailers in the e-Commerce sector to mitigate the disadvantages of not owning a showroom using augmented reality-based product catalogs and applications.

AR in retail provides a customization feature for the UX content as per the user’s requirements. Another benefit of AR in retail market is that prospective customers in the field of apparel, and cosmetics and accessories can try out the products virtually. By integrating AR in retail, designers and contractors can allow their clients to preview and visualize a vast selection of designs before finalizing their selections.

Though developers offer their AR in retail solutions integrated with optimal customizations, augmented reality is not an established channel to fulfill the purpose of consumer engagement. Expensive development expenditure and lack of awareness among small-time businesses are some factors that are expected to hinder the growth of the overall global AR in retail market.

AR in Retail Market: Regional Outlook

Among all the business regions, North America leads the global AR in retail market. North America is also expected to register the highest growth rate and dominate the global AR in retail market during the forecast period, due to the high presence of augmented reality and user experience content developers in the region. Increasing competition among apparel and cosmetic business owners motivates them to integrate AR in retail.

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AR in Retail Market: Key Players

Some of the key players in the global AR in retail market include Augmented Pixels Inc, Blippar, Contus, Inde, Apphitect, Cortex, ValueCoders.com, Intellectsoft US, Xenium Digital, Virtualware, EON Reality Inc., Platta Pty Ltd, and Layar (part of the Blippar Group), among others.The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

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

Regional analysis includes:

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

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AR in Retail Market: Segmentation

The global AR in retail market can be segmented on the basis of retail type, component, application, business size, and region.

On the basis of retail type, the global AR in retail market can be segmented into the following:

• Furniture
• Apparel
• Groceries
• Footwear
• Cosmetics
• Jewelry
• Others

On the basis of component, the global AR in retail market can be segmented into the following:

• Hardware
• Software

On the basis of application, the global AR in retail market can be segmented into the following:

• Malls
• Specialty Stores
• Supermarkets
• Department Stores
• e-Commerce
• Others

On the basis of business size, the global AR in retail market can be segmented into the following:

• Large Retailers
• Medium Retailers
• Small Retailers

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

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The power distribution unit (PDU) market is expected to spike from US$ 2.4 Billion in 2021 to US$ 2.6 Billion in 2022. From 2021 to 2022, the market is anticipated to exhibit a Y-o-Y growth of 8.3%. During the 2022-2032 forecast period, the industry is slated to flourish at a 4.6% value CAGR, closing at a valuation of US$ 4 Billion.

The global power distribution unit market is estimated at US$ 4 Billion while recording a CAGR of 4.6% during the forecast period. The market is expected to hold a value of US$ 2.6 Billion in 2022. The growth of the market can be attributed to the increasing demand for data center monitoring solutions, benefitting the market during the forecast period.

The upsurge in the amount of data across the globe is projected to be a potential factor augmenting the market in the assessment period. Also, the participation of players will play an important role in developing the market in the forthcoming tenure. For instance, Equinix and GIC announced a partnership to build xScale data centers across various nations, including countries in Europe, Singapore, and South Korea.

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With an increasing preference for AI-based PDUs, the market is set to witness it as a remunerative opportunity in the forecast period. Also, with the growing number of SMEs across the globe, especially in developing countries, the market is projected to burgeon significantly.

For instance, in November 2020, Amazon Web Services (AWS) made an investment of US$ 2.8 Billion to establish a new AWS Cloud in Telangana, India. On the contrary, high costs associated with the installation of PDUs, along with space constraints and complicated wiring systems with the increasing number of power distribution units can hamper the market growth in the coming time.

About the Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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Key Takeaways from the Market Study

• The triple-phase segment to expand at a CAGR of 6.5% during the forecast period
• The data center segment to exhibit a growth rate of 4.1% from 2022- to 2032
• The market in the U.S to garner US$ 1.3 billion by 2032
• Market in the U.K to value US$ 296 million during the forecast period
• India to exhibit a CAGR of 5.4% from 2022-to 2032
• The Chinese market to secure US$ 308.1 million by 2032
• Industry in Japan to record a CAGR of 5.1% from 2022- to 2032

Competitive Analysis 

Key players in the global power distribution unit market include Leviton Manufacturing Company, Inc., Schneider Electric SE., and Enlogic Systems LLC.  Eaton Corporation PLC, and Tripp Lite.

• In 2021, the APAC hyperscale market gained significant investments from Facebook, Amazon Web Services, Alibaba, and Microsoft. In SE Asia, Microsoft, Facebook, and Amazon Web Services invested in data centers across Singapore and Indonesia in 2021.
• In April 2021, Enel, an Italian energy management enterprise, disclosed to venture into the power distribution market for the U.S. It has announced to invest US$ 19.52 million by the end of 2023. By end of 2030, the company is likely to invest US$ 73.23 million.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global power distribution unit market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Basic PDU, Intelligent/ Monitored PDU, Metered PDU, Switched PDU), Application (Data Center, Commercial Building (Networking), Laboratories (IT/Comp Lab)), Power Phase (Single Phase, Triple Phase), Distribution Channel (Offline Channel, Online Channel), Industry (Data Center, Telecom IT, BFSI, Healthcare, Government, Education, Retail, Utilities, Military & Defense, Others (Transportation, Manufacturing)) & Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)

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Key Segments Profiled In The Power Distribution Unit (PDU) Market Report

Power Distribution Unit by Type:

• Basic PDU
• Intelligent/ Monitored PDU
• Metered PDU
  • Inlet Metering
  • Inlet/Outlet Metering
• Switched PDU

Power Distribution Unit by Application:

• Power Distribution Units across Data Centers
• Power Distribution Units across Commercial Buildings (Networking)
• Power Distribution Units across Laboratories (IT/Comp Lab)

Power Distribution Unit by Power Phase:

• Single Phase Power Distribution Unit
• Triple Phase Power Distribution Unit

Power Distribution Unit by Distribution Channel:

• Power Distribution Unit Sales via Offline Channels
  • Resellers/Distributors
  • Direct to End-users
  • Integrators/Maintenance
• Power Distribution Unit Sales via Online Channels

Power Distribution Unit by Industry:

• Power Distribution Unit for Data Centers
  • Tier 1
  • Tier 2
  • Tier 3
• Power Distribution Unit for Telecom & IT
• Power Distribution Unit for BFSI
• Power Distribution Unit for Healthcare
• Power Distribution Unit for Government
• Power Distribution Unit for Education
• Power Distribution Unit for Retail
• Power Distribution Unit for Utilities
• Power Distribution Unit for Military & Defense
• Power Distribution Unit for Other Industries (Transportation, Manufacturing)

Power Distribution Unit by Region:

• North America Power Distribution Unit Market
• Europe Power Distribution Unit Market
• Asia Pacific Power Distribution Unit Market
• Middle East & Africa Power Distribution Unit Market
• South America Power Distribution Unit Market

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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The night vision surveillance cameras market was esteemed at USD 108.9 billion of every 2022, and it is anticipated to increment at a 22.3% CAGR, arriving at USD 812.2 billion by 2032.

Night vision gadgets have been utilized since the World Wars since they help in high velocity imaging and can distinguish objects from a significant distance. The developing military financial plan, as need might arise for innovatively complex night-vision frameworks, is driving the night vision surveillance cameras market forward.

For of guaranteeing individual wellbeing, night vision surveillance cameras are progressively being utilized in homes and individual work environments. Through video examination, night vision surveillance cameras can now zoom in to uncover somebody’s personality, which can be important to wrongdoing anticipation when used accurately.

Purchasers are turning out to be progressively keen on night vision surveillance cameras. Thus, one of the essential drivers driving the night vision surveillance cameras market is significant interest in secure private and public framework.

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The development of Coronavirus has influenced the store network and circulation of night vision surveillance cameras, smothering night vision surveillance cameras market development.

Savvy night vision surveillance cameras are fit for identifying, perceiving, investigating, and following people, vehicles, and items. It could be tweaked by changing settings like article size and responsiveness. Accordingly, the utilization of brilliant night vision surveillance cameras is growing nowadays.

Because of the expanded acknowledgment of organization cameras in business and private applications, night vision surveillance camera arrangements are probably going to be executed at a fast rate all through the estimate period. Furthermore, expanded R&D speculations by producers are moving the night vision surveillance camera market extension.

Manufacturers of night vision surveillance cameras can focus on increasing their R&D expenditure in order to offer solutions that incorporate sophisticated technology such as video analytics, facial recognition, and theft detection.

One of the reasons impeding the growth of the night vision surveillance camera market in South Asia and Latin America is the high price of the device. Furthermore, data storage issues for night vision surveillance cameras are impeding the night vision surveillance camera market expansion.

Due to high product awareness and retail availability of night vision surveillance cameras, the U.S. is expected to hold a significant share of the night vision surveillance camera.

Rising security breaches and rising reliance are driving up demand for night vision surveillance camera in nations such as the United States and Canada. The central governments of the United States and Canada are turning to night vision surveillance camera to improve security across public applications.

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To maintain a consistent income flow, players in the night vision surveillance camera market are focusing on product expansion and business collaboration. In comparison to the other regions, the Asia Pacific and North American regions are likely to present significant potential for companies in the night vision surveillance camera market.

KEY TAKEAWAYS:

• In the type sector, PTZ (Pan, Tilt and Zoom) from the night vision surveillance camera market are anticipated to flourish at the quickest CAGR of 22.0%.
• With a CAGR of 21.6%, public sector and defence are predicted to grow significantly in the end-use application sector of the night vision surveillance camera market.
• The market size fornight vision surveillance camera market in the United States is expected to reach US$ 195.4 Billion by 2032, growing at a CAGR of 21.3% during the research period.
• China is anticipated to reach a market sizeof US$ 52.6 billion in Night vision surveillance camera by 2032, with a CAGR of 20.7% during the research period.
• Australia’s Night vision surveillance camera market is anticipated to be worth US$ 25.8 Billion by 2032, with a CAGR of 19% over the forecast period.
• Japanis expected to have a market size for Night vision surveillance camera of US$ 25.3 Million by 2032, with a CAGR of 19.1% during the research period.
• By 2032, South Africais expected to reach a market size of US$ 5.6 Billion in night vision surveillance camera, with a CAGR of 18% during the research period.

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COMPETITIVE LANDSCAPE:

Hangzhou Hikvision Digital Technology Co Ltd., Canon Inc., Bosch Security Systems, Inc., Honeywell International Inc., Panasonic Corporation, Dahua Technology Co., Ltd., Pelco, Sony Corporation, Samsung, Cisco Systems, and others are among the prominent competitors in the night vision surveillance camera market.

The increased emphasis on distribution channels and advice via social media applications is likely to boost growth of the leading players in the night vision surveillance camera market.

RECENT DEVELOPMENT:

• Thermoteknix Systems Ltd. debuted its innovative TiCAM 1000C Biocular Target Locator System at the Security & Policing security event in February 2019. It is a portable camera used for observation, surveillance, and security. It is also appropriate for low-light situations and inclement weather.
• Thales Group announced the co-development of ELFIE night vision devices with Indian armed force producer MKU ltd in February 2019. ELFIE will provide convenient mobility as well as night warfare The night vision devices may be used with either a helmet or a weapon, and it is suited for both left and right eyes.

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The overall payroll and HR solutions and services market should get US$ 58.3 Billion while showing a CAGR of 7.7% during the gauge time period from 2022-to 2032. The market regarded US$ 27.8 Billion of each 2022.

Creating demand to manage the expanding workforce is projected to be the key consider driving the market the gauge time period. Moreover, the rising need to override the conventional method with a state of the art plan should assist the market in the looming time with outlining.

Besides, expanding the blend of AI with HR solutions is likely going to emerge as a beneficial opportunity for market improvement in the guess period. Players in the market are getting holds, which will brace the market during the figure time span.

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“Rapid digital transformation in the HR Solutions along with growing adoption of cloud-based technologies in various organizations is expected to benefit the market in the forecast period. Also, with the growing need to manage the expanding workforce, there is spiking demand for an efficient HR solution”

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global payroll and HR solutions and services market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of deployment (cloud, on-premise and hybrid), enterprise size (SMEs and large enterprises), solution (software and services) and industry (BFSI, government, healthcare, manufacturing, retail, telecom & IT, transportation & logistics and others) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and South America).

What is the Role of Key Players in the Global Payroll and HR Solutions and Services Market?

Major players in the global payroll and HR solutions and services include SAP SE, Paychex, Inc., Automatic Data Processing, Inc., TMF Group Holding B.V, and Ramco Systems Limited. Recent key developments in the industry are:

• In April 2021, Ceridian HCM announced the acquisition of Ascender. Ascender is a Japanese payroll and HR solutions provider. The acquisition aims to offer comprehensive human capital management and payroll solutions in APAC.
• In April 2022, CoffeeMug.ai, a growing community of over 2,50,000 founders, business leaders, and investors, launched a talent solution platform for higher-level hiring. The platform scans millions of public profiles available on the internet and layers them with analysis from, CoffeeMug’s data pool to drive senior-level hiring for its clientele.

Key Takeaways from the Market Study:

• The SMEs segment to expand at 8.9% CAGR during the forecast period
• The Cloud segment to exhibit a growth rate of 8.4% during the assessment period
• The market in the U.S to garner US$ 1.3 billion by 2032
• The market size of China to expand at a growth rate of 9.9% from 2022- to 2032
• Market in India to garner US$ 4.5 Billion of revenue by 2032
• The market in the U.K to expand at a CAGR of 6.3% from 2022-to 2032

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Key Segments Profiled in the Payroll and HR Solutions and Services Market Report

Payroll and HR Solutions and Services by Deployment:

• Cloud-based Payroll and HR Solutions and Services
• On-Premise Payroll and HR Solutions and Services
• Hybrid Payroll and HR Solutions and Services

Payroll and HR Solutions and Services by Enterprise Size:

• Payroll and HR Solutions and Services for Large Enterprises
• Payroll and HR Solutions and Services for Small and Medium Enterprises (SMEs)

Payroll and HR Solutions and Services by Solution:

• Payroll and HR Solutions Software
• Payroll and HR Solutions Services

Payroll and HR Solutions and Services by Industry:

• Payroll and HR Solutions and Services for BFSI
• Payroll and HR Solutions and Services for Government
• Payroll and HR Solutions and Services for Healthcare
• Payroll and HR Solutions and Services for Manufacturing
• Payroll and HR Solutions and Services for Retail
• Payroll and HR Solutions and Services for Telecom & IT
• Payroll and HR Solutions and Services for Transportation & Logistics
• Payroll and HR Solutions and Services for Other Industries

Payroll and HR Solutions and Services by Region:

• North America Payroll and HR Solutions and Services Market
• Europe Payroll and HR Solutions and Services Market
• Asia-Pacific Payroll and HR Solutions and Services Market
• Middle East & Africa Payroll and HR Solutions and Services Market
• South America Payroll and HR Solutions and Services Market

About Us

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

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The network attached storage (NAS) market is projected to show up at a valuation of US$ 116.6 Bn by 2032 from US$ 31 Bn in 2022, rising rapidly at a CAGR of 14.2% all through the gauge period.

The rising gathering of 4G and 5G advances, the creation of high-volume automated content, and the creating utilization of phones, PCs, and tablets, which achieve the period of colossal proportions of data, are the fundamental drivers driving the improvement of network attached storage (NAS) market.

The basic drivers of the network attached storage market are the rising essential to get to data in the corporate network and the web at whatever point and from any area. The rising utilization of remote and virtual office settings, business movement orchestrating, and the need to offer laborers with distant permission to corporate networks, consequently, are driving interest for network attached storage (NAS) advancement.

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Business activities need the reinforcement of touchy information, and network attached storage (NAS) frameworks are the best arrangement. The expanded utilization of network attached storage (NAS) innovation is because of the utilization of reinforcement targets and records to store information duplicates.

Key Takeaways  

• The market size for network attached storage (NAS) in the United States is expected to reach US$ 41.5 Bn by 2032, growing at a CAGR of 13.9% during the research period.
• United Kingdom is expected to reach a market size of US$ 4.8 Bn in network attached storage (NAS) by 2032, with a CAGR of 12.8% during the research period.
• China’s network attached storage (NAS) market is expected to be worth US$ 8.4 Bn by 2032, with a CAGR of 13.5% over the forecast period.
• Japan is expected to have a market size for network attached storage (NAS) of US$ 6.7 Bn by 2032, with a CAGR of 12.4% during the research period.
• By 2032, South Korea is expected to reach a market size of US$ 4.2 Bn in network attached storage (NAS), with a CAGR of 11.7% during the research period.
• In the design sector, 1 Bay to 8 Bays from the network attached storage (NAS) market is anticipated to flourish at the quickest CAGR of 14.2% through 2032.
• With a CAGR of 14.0% through 2032, midmarket NAS solutions are predicted to grow significantly in the product sector of the network attached storage (NAS) market.

Competitive Landscape: 

The market for network-attached storage is very fragmented. Previously, the network attached storage (NAS) market was dominated by the key companies. However, an increased business need for data storage is driving many new companies into the network attached storage (NAS) market, making it competitive.

ZyXEL Communications Corporation, Thecus Technology Corporation, Drobo Inc., Asustor Inc., Dell EMC, Buffalo Technology Inc., Hewlett-Packard Development Company, Hitachi Data Systems Corporation, NetApp Inc., International Business Machines (IBM) Corporation, Seagate Technology PLC, and others are among the key network attached storage (NAS) market players.

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How are Some Challenges Stifling Network Attached Storage (NAS) Market Growth

As network attached storage (NAS) is a type of storage connected to a computer system and delivers file services, cyber attackers can access this data, posing a cyber security concern. This is anticipated to be a challenge that might hamper the growth of the network attached storage (NAS) market during the forecast period.

Data security and privacy are critical characteristics for network-connected storage systems servers and hardware. Failing to provide data security, the network attached storage (NAS) market is likely to face challenges throughout the forecast period.

Recent Development: 

• HITACHI VSP 5000 was released in March 2021. It is the fastest NVME flash array in the world. It provides workload diversity, which means it can handle any workload, from mainframe to container. It has the appropriate size capacity and service levels. It is built with a combination of NVMe and SAS, which helps to maximize performance and workload cost. Powerful virtualization extends the capabilities of older systems. It is a quick and simple transition to NVMe and SCM over Fabrics (NVMe-oF).
• June 20, 2021 – The sheer performance of Dell EMC’s Unity XT hybrid storage systems ensures that controllers do not become the limiting factor, allowing users to extend as needed to stay up with application IOPS, latency, and capacity expansion, and are built for 5-9 availability. The IO of the Unity XT hybrid array is boosted with FAST Cache or SSD Read Cache to offer flash performance with lower-cost MLC flash drives.
• QNAP Systems Inc. published the QTS 4.4.2 NAS operating system in April 2020. QTS 4.4.2 not only improves system security and storage scalability but also improves storage expandability with physical JBOD devices to meet file storage and backup requirements.
• NetApp Inc. purchased Talon Storage (US) in March 2020, a pioneer in next-generation software-defined storage solutions, to help global companies centralise and consolidate IT storage infrastructure to public clouds.
• Synology Inc. released the DiskStation DS420j (a 4-bays network attached storage (NAS) server) in January 2020, a file syncing and sharing solution that covers the diverse capacity demands of home customers.
• Acronis, a global leader in cyber protection, awarded WESTERN DIGITAL CORPORATION a contract in March 2020 to deliver its Ultrastar Data60 and Ultrastar Data102 high-capacity hybrid storage platforms, which will assist Acronis in meeting capacity demands and supporting the business’ long-term expansion plans efficiently and cost-effectively.

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Key Segments

By Design:

• 1Bay to 8 Bays
• 8 Bays to 12 Bays
• 12 Bays to 20 Bays
• More than 20-bays

By Product:

• Enterprise NAS Solutions
• Midmarket NAS Solutions

 By Storage Solution:

• Scale-up NAS
• Scale-out NAS

By Deployment Type:

• On-premises
• Remote
• Hybrid

By End-user Industry:

• Banking, Financial Services, and Insurance (BFSI)
• Consumer goods and retail
• Telecommunications and ITES
• Healthcare
• Energy
• Government
• Education and research
• Media and entertainment
• Manufacturing
• Business and consulting
• Others (aerospace & defense, automotive, food processing, and logistics)

Components:

• Hardware
• Software

By Region:

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

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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