Market Research Blog – Page 9133 – New Product Development

Vertical Market Software Market Analysis, Size, Share, Growth, Trends & Forecast 2022 to 2032

The size of the vertical market software market is expected to increase from US$ 123.0 billion in 2022 to US$ 402.4 billion by 2032. Throughout the forecast period, demand for vertical market software is expected to grow at a CAGR of 12.6%.

Vertical market software adoption promotes better administration and more efficient resource utilisation; thus, vertical market software sales are expected to increase. There are several distinct advantages to vertical market software. Vertical market software helps to address industry-specific features and processes more efficiently.

In addition, when compared to horizontal market software, it assists businesses in achieving superior integration with a wide range of capabilities and procedures. As a result of these factors, the vertical market software market is expected to see a plethora of potential prospects during the forecast period.

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Furthermore, the vertical market software market has less competition as the designers and developers involved rely primarily on specific players and customers to purchase their products. Vertical market software market players offer benefits in terms of product functionality, data analytics, cost, and sales and marketing.

In terms of functionality, vertical software products can adapt their solutions to better meet the needs of diverse industries. Sales of vertical market software are anticipated to increase as a result of the ability to develop specialised, industry-specific solutions and more user-friendly UI/UX.

Key Takeaways from Vertical Market Software Market

With a CAGR of 15.7%, the banking software type is anticipated to dominate the vertical market software market and account for a share of 18.3% during the forecast period.
During 2022-2032, the cloud-based category is projected to hold a 68.3% share of the vertical market software market. During the projection period, the cloud segment is expected to increase at a CAGR of 14.2%.
The large enterprise category dominated the entire vertical market software market in 2021, accounting for 64.1% of the market, and this trend is expected to continue throughout the forecast period.
The United States holds 21.5% of the vertical market software market. During the forecast period, the US vertical market software market is expected to increase at a CAGR of 18.4%.
Acquisitions are boosting the European vertical market software market share.
China is anticipated to hold high growth potential with a CAGR of 13.2% during the forecast period.

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“Companies must consider whether developing a custom solution in-house will be more useful than a vertical market software solution. Adopting a solution as part of a broader technology package may also be an attractive technique for vertical market software companies. – FMI Analyst

Competition Landscape in the Vertical Market Software Market

The leading competitors in the global vertical market software market are investing in R&D initiatives to drive organic growth and expand their market shares. Vertical market software companies are developing new products in order to expand and reinforce their present portfolios and acquire new clients.

Furthermore, companies are also forming mergers and acquisitions and strategic alliances in order to develop technologically sophisticated solutions and obtain a competitive advantage over their competitors.

The top competitors in the Vertical Market Software market are DocuSign, Granular, Naviance, ROLLER Software, VStitcher, FeedZai, Kyndi, Jobandtalent, HubSpot, Owlin, Atos, SurveyMonkey.

Recent Developments in the Vertical Market Software Market:

Verisk Analytics, headquartered in Jersey City, and Constellation Software, headquartered in Toronto, are two vertical software companies with a combined market capitalization of more than $11 billion.
On August 22, 2022, ELLKAY launched CRM Archive for Customer Relationship Management Data Archiving.
On August 1, 2022, Yardi launched Customer-Centric CRM IQ.
The Featured Customers’ Top Customer Relationship Management (CRM) Software Vendors Customer Success Report Rankings for Spring 2022 were published on 05-Apr-2022.
On February 24, 2022, KLAS recognises Innovaccer Patient Relationship Management as a Leading CRM Solution.

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Key Segments Covered in the Vertical Market Software Market Report

By Software Type:

Banking Software
Education Software
Legal Software
Agriculture Software
Alumni Management Software
Amusement Park Software
Apparel Software
Architecture Software
Others

By Deployment:

Cloud-based
On-Premise

By Enterprise Size:

SMEs
Large Enterprises

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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

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Digital Repeater Market Development Trends, Competitive Analysis & Key Manufacturers Report 2022 to 2032

The global digital repeater market is expected to be worth US$ 1,054 million by 2032, up from US$ 462.2 million in 2022, with a CAGR of 8.6% over the forecast period.

A repeater is a specialised device that acts as a link between two radio administrators, receiving signal and retransmitting it over longer distances. A digital repeater is made up of components such as a modem, mounting units, and UPS power supplies. Repeaters disperse transmissions so that the signal can reach further afield or get on the other side of an obstruction.

A digital repeater is used to transmit radio recurrence signals from a nearby cell tower into structures via a fibre dispersed receiving wire framework (DAS).

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After the establishment, digital repeater gives signal capacity to remote gadgets administrations in the structure to work efficiently.Digital repeater passes range expected by the remote specialist organization utilized in-building applications

Digital repeater line works digital sign handling (DSP) innovation to accomplish the most extreme degree of execution and adaptability. Modems utilized for repeater observing goes about as an entryway for repeater and different gadgets associated with it. It likewise gives a virtual nearby association with the repeater.

Digital Repeater Market: Market Dynamics

Unlimited spectrum agility, sharp filtering, high selectivity, custom filters, multiple frequency bands, flexibility, easy Installation and monitoring, advanced processing and network optimization and wider band digital processing technology are the drivers of digital repeater market

High costs, compatibility issues, complex permitting requirements, complex operation in multiple network architectures, traffic cannot be filtered to ease congestion etc. are the restraints of digital repeater market

Segmentation Overview

Digital Repeatermarket divided into three segments which include configuration, power requirements and end-user industries. By configuration, digital repeater market segmented into single band, dual band, tri band and quad band. By power requirements, digital repeater market segmented into ½ watt, 1 watt and 5 watts. By end-user industries, digital repeater market segmented into telecommunication, public safety, transportation, automobiles, education, energy & forestry, and utility.

Global Digital Repeater Market: Competition Landscape

Remotek Corporation, Motorola Solutions, Inc., Westell, Inc., Cellcom Telecommunications, Inc., Texas Instruments Incorporated, Coiler Corporation, Axell Wireless Ltd., Puget Sound Instrument Company, Inc. (psi company), Shenzhen Lianstar Technology Co., Limited, Cellular Specialties, Inc. (CSI), Telco Antennas Pty Ltd, BearCom Group, Inc. and Raytheon Anschutz GmbH.

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Digital Repeater Market: Regional Outlook

Geographically, North America is expected to dominate the digital repeater market owing to higher demand for digital repeaters in building applications and unlimited spectrum agility followed by Western Europe and Asia-Pacific in digital repeater market.

APEJ is anticipated to have significant growth over the forecast period owing to rapid developing network infrastructure, growing telecommunications volume, rising number of mobile users in developing nations such as China and India in this region.

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 includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

The report covers exhaustive analysis on

Global Digital RepeaterMarket Segments
Global Digital RepeaterMarket Dynamics
Historical Actual Market Size, 2012 – 2016
Global Digital RepeaterMarket Size & Forecast 2016 to 2027
Supply & Demand Value Chain for Digital RepeaterMarket
Global Digital RepeaterMarket Current Trends/Issues/Challenges
Competition & Companies involved in Digital RepeaterMarket
Digital RepeaterTechnology
Value Chain of Digital Repeater
Global Digital RepeaterMarket Drivers and Restraints

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Key Segments Profiled in the Digital Repeater Market Survey

By Configuration:

Single Band
Dual Band
Tri-Band
Quad Band

By Power Requirements:

½ Watt
1 Watt
5 Watt

By End User:

Telecommunication
Public Safety
Transportation
Automobiles
Education
Energy & Forestry
Utility

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Wi-Fi Market Analysis, Segments, Leading Player, Application & Forecast 2022 to 2032

According to a recent market survey conducted by Future Market Insights (FMI), the global Wi-Fi market was valued at $11.1 billion in 2021 and is expected to reach $74.1 billion by 2032. According to the report’s findings, the hardware segment by component will continue to be critical for the market because it generates the majority of revenue.

The hardware segment by component is expected to grow at a CAGR of 18.9% by 2032. The recent surge in digitization, combined with the Internet of Things (IoT) across industry verticals, is expected to boost global Wi-Fi demand in the coming years.

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The US to Command the Larger Proportion of Wi-Fi Market throughout the Analysis Period

USA commands over 30% of the global market share and is expected to witness an absolute opportunity growth of US$ 18.9 Bn to reach a valuation of US$ 23.2 Bn by 2032. Owing to the rapidly increasing requirement, its demand in the USA is expected to increase. The E-Commerce industry vertical in the U.S. has witnessed over 11% growth contributing to the 15% growth rate across the world in 2021.

“The application of enterprise-class Wi-Fi segment by density have significant potential to emerge as a key market driver during the forecast period for the Wi-Fi market.” comments an analyst at Future Market Insights.

Wi-Fi Market: Competition Insights

Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies, Panasonic Holdings Corporation, D-Link Systems Inc., CommScope, Juniper Networks Inc., Verizon, AT&T Inc., Hewlett Packard Enterprise, Arista Networks, Singtel, Vodafone Group Plc, Superloop, iPass Inc., Fujitsu Ltd., ADTRAN, and Aerohive Networks are among the key players driving the W-Fi market.

Recent Developments

In April 2022, in the U.S. the NETGEAR Nighthawk M6 and Nighthawk M6 Pro, mobile hotspots will be operable, aided by the premium 5G+ network provided by AT&T Company that even includes support for millimeter-wave.
In January 2022, two new state-of-the-art Wi-Fi 6 Access Points, DAP-X2850 and DAP-X2810 were launched by D-Link Systems Inc., aiding to help with the uninterrupted Wi-Fi connection for bandwidth-intensive applications.
In July 2021, 2×10 MHz of the spectrum was acquired by Vodafone in the 700 MHz band from the Spanish Ministry of Economic Affairs and Digital Transformation (MINECO) for US$ 357.3 Mn (€350 Mn), aiding in furthering the position of the company in the market.
In September 2020, Cradelpoint, among the leading market players in the Wireless Edge WAN Solutions industry was acquired by Ericsson.
In August 2020, Wi-Fi 6 Access Points (AP) were launched by Juniper Networks Inc., namely AP63, AP33, AP32 and AP12 in order to expand its AI-Driven enterprise to further its business portfolio.
In February 2020, in the AirEngine Wi-Fi 6 series products, 10 new Wi-Fi 6 access point (AP) models were launched by Huawei Technologies.

More Insights Available

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

The study reveals extensive growth in the Wi-Fi market in terms of Component (Hardware, Solutions, and Services), Density (Hi-Density Wi-Fi and Enterprise-Class Wi-Fi), Location Type (Indoor and Outdoor), Organization Size (Large Enterprises and SMEs), and Vertical (Education, Healthcare and Life Sciences, Transportation and Logistics, Retail and e-Commerce, Government, Manufacturing, Hospitality, and Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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Key Segments Covered in Market Survey

By Component:

Hardware
Solutions
Services

By Density:

Hi-Density Wi-Fi
Enterprise-Class Wi-Fi

By Location Type:

Indoor
Outdoor

By Organization Size:

Large Enterprises
SMEs

By Vertical:

Education
Healthcare and Life Sciences
Transportation and Logistics
Retail and e-Commerce
Government
Manufacturing
Hospitality
Others

By Region:

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

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WAN Optimization Market Outlook, New Opportunity & Demand Analysis from 2022 to 2032

According to a recently published Future Market Insights report, the WAN Optimization Market is expected to grow at a CAGR of 6.1% between 2022 and 2032, with revenues estimated at US$ 1.1 billion in 2021. The market is expected to be worth US$ 2.1 billion by the end of 2032.

The introduction of information technology has resulted in a paradigm shift in the way businesses operate, with a focus on IT-based business objectives. WAN has transformed the corporate sector by utilising various technologies that enable quick and secure data exchanges across the network.

Enterprises are increasingly relying on WAN optimization solutions to manage their network systems and maximise the benefits of network acceleration, broadband optimization, and sustainability.

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Furthermore, numerous multinational corporations have Strategic Business Units located globally. Employees of these firms operate on a single platform, where many employees working from remote locations struggle to provide adequate Quality of Service owing to inefficient bandwidth management on the network for using centralized apps. The widespread use of efficient wide area network technologies has created new opportunities for executing productive commercial operations across the Wide Area Network.

“During the projected period, the ever-increasing need for solutions that assist organizations in monitoring and managing network infrastructure systems will boost WAN Optimization market developments in the coming years.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the WAN Optimization Market are focused on R&D to produce innovative technological solutions.

In July 2020, Hewlett Packard Enterprise announced its plans to acquire Silver Peak, a US-based supplier of SD-WAN solutions. The US$ 925 Mn acquisition deal aims to broaden its selection of SD-WAN products.
In May 2019, Argon Consulting announced a partnership with Guerlain on a unique solution for speeding supply flows based on Sigfox IoT technology and a worldwide 0G network. Guerlain, a Perfumes and Cosmetics leader, is the first to employ this strategy.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the WAN Optimization Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in WAN Optimization Market in terms of Component (Solutions and Services), Deployment (Cloud and On-Premises), End User (SMEs and Large Enterprises), and Vertical (BFSI, Healthcare, IT and Telecom, Manufacturing, Retail, Media & Entertainment, Energy, Education, and Others), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in WAN Optimization Market Analysis

By Component:

Solutions
Services

By Deployment Type:

Cloud
On-Premises

By End User:

SME’s
Large Enterprises

By Vertical:

Banking, Financial Services, and Insurance
Healthcare
Healthcare
Manufacturing
Retail
Media & Entertainment
Energy
Education
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Virtual Cards Market Report: Overview With Geographical Segmentation & Revenue With Forecast 2022 to 2032

The Virtual Cards Market revenues were estimated at US$ 338 Bn in 2021 and is anticipated to grow at a CAGR of 12.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1.3 Tn.

The need for virtual cards is increasing as more people use digital platforms and online payment methods. Furthermore, virtual cards are critical for facilitating B2B payments. Business resources can be accessed from anywhere and at any time due to their greater flexibility and simplicity. They also provide a dependable and scalable dealer payment system, mainly for international transactions.

Retailers are adopting payment processing technologies to offer customers flawless checkout experiences as their preference for online shopping grows throughout the world. Payment gateway systems are in high demand among retailers since they make payments more convenient. Payment gateways are also utilized for in-store purchases, allowing customers to pay with their cellphones or over the internet.

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One of the most inherent benefits of virtual cards is their ability to provide additional security. Virtual cards, unlike actual cards, cannot be reported stolen. Individuals and corporations have found virtual cards to be an appropriate payment instrument for completing safe transactions while also improving expenditure visibility and transparency.

Large retail shops are increasingly requesting digital payment solutions to allow their consumers to perform transactions while preserving social distance. Retailers employ digital payment methods including smart banking cards, point-of-sale systems, and e-wallets to shorten checkout times. At the same time, businesses are working on offering customers novel payment options.

Competitive Landscape

The leading players in the global Virtual Cards market are BTRS Holdings, Inc.; Fraedom Holdings Limited; JPMorgan Chase & Co.; Marqeta, Inc.; Mastercard; and Skrill USA, Inc.

In October 2020, Aliant Payments announced the expansion of XRP, an open-source alternative digital asset, to its CryptoBucks crypto payment phone app enabled by Aliant Payments. XPR would be accessible as a mobile app including both Android and iOS.
In July 2020, ParkMobile, a parking solutions company, announced an agreement with EasyPark, a facilities services company. The previous firm facilitated contactless payments across Vancouver as a result of this collaboration.

More Insights Available

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

The study reveals extensive growth in Virtual Cards Market in terms of Product Type (B2B Virtual Cards, B2C Remote Payment Virtual Cards, B2C POS Virtual Cards), and Deployment Type (Consumer Use, Business Use, Others), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered In Virtual Cards Market Analysis

By Product Type:

B2B Virtual Cards
B2C Remote Payment Virtual Cards
B2C POS Virtual Cards

By End Use:

Consumer Use
Business Use
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Television Broadcasting Services Market Comprehensive Shares, Historical Trends & Forecast 2022 to 2032

The Television Broadcasting Services Market revenues were estimated at US$ 537.8 Bn in 2021 and is anticipated to grow at a CAGR of 5.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1 Tn. The demand for cable television broadcasting services is projected to grow at a CAGR of 5.4% during the forecast period.

The television industry’s future has been rapidly transitioning from broadcast to bandwidth, as broadcasting methods and consumer tastes move to on-demand audio and video content. Individuals are rapidly migrating away from cable television or satellite television in favour of over-the-top and internet protocol television services, which is mostly due to the entertainment media industry’s fast digitization. The increasing desire for businesses to reach out to huge audiences and potential consumers drives the expansion of television broadcasting services.

The increasing desire for businesses to reach out to huge audiences and potential consumers drives the expansion of television broadcasting services. With the introduction of digital transmission and the internet, the television business saw a notable transformation in recent years.

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With the widespread use of the internet and the development of digital ecosystems throughout the world, online television transmission has grown in popularity over the last decade. The senior population, who spend a significant time viewing conventional television, is driving the expansion of cable television broadcasting services.

Considering that pay-TV subscription is coupled with their internet connection, the majority of North Americans continue to utilize cable TV. Aside from that, people prefer to watch live programs on pay TV. Furthermore, cable television broadcasting providers intend to offer video-on-demand (VoD) offerings in order to preserve their place in the worldwide market. Consumers currently have a strong demand for OTT platforms and production studios, therefore broadcasters are concentrating their efforts on producing enormous amounts of higher-quality content.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Television Broadcasting Services Market are focused on R&D to produce innovative technological solutions.

In May 2022, Thomson Broadcast recently agreed to acquire GatesAir from a unit of the global investment firm The Gores Group.
In December 2020, Fox Broadcasting Company and Sinclair Broadcasting Company jointly decided to extend Fox channel affiliation for stations in 25 U.S. markets over a multi-year period.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Television Broadcasting Services Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Television Broadcasting Services Market in terms of Delivery Platform (Digital Terrestrial Broadcast, Satellite Broadcast, Cable Television Broadcasting Services, Internet Protocol Television, Over-the-top Television), and Broadcaster Type (Public, Commercial) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered In Television Broadcasting Services Market Analysis

By Delivery Platform:

Digital Terrestrial Broadcast
Satellite Broadcast
Cable Television Broadcasting Services
Internet Protocol Television
Over-the-top Television

By Broadcaster Type:

Public
Commercial

By Revenue Model:

Subscription
Advertisement

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Telecom Enterprise Services Market Expectations & Growth Trends Highlighted Until 2032

According to a recently published Future Market Insights report, the Telecom Enterprise Services Market is expected to grow at a CAGR of 3.7% between 2022 and 2032, with revenues estimated at US$ 202.9 billion in 2021. The market is expected to be worth US$ 304 billion by the end of 2032. Voice-based Telecom Services revenue is expected to grow at a 3.6% CAGR between 2022 and 2032.

Rising investment in 5G infrastructure rollout is one of the primary drivers propelling the market, owing to a shift in customer preference toward upcoming innovations and mobile platforms. Other potential market drivers include an increase in mobile users, a surge in the market for high data connectivity, and an increase in demand for value-added managed services. OTT service providers are also broadening the overall scope of their products, affecting a variety of business sectors.

The telecommunications industry has undergone tremendous change in the last decade. The need for a high-speed connection, voice channels, and the rise of BPO/back-office firms have all contributed to an increase in demand for IP and global private-leased circuits. National e-governance initiatives, such as unique identification/social security, financial inclusion measures, and expanding connectivity in rural areas, are encouraging the use of telecom enterprise services.

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Furthermore, considerable industrial activity is also propelling telecom enterprise services. The emergence of IT & ITES business in emerging nations has resulted in a rise in total industrial activity. Banking and IT & ITES are two significant industries that are implementing telecom enterprise services and connectivity solutions to improve the client experience. This has created enormous opportunities for global operators to develop and conduct business with enterprises operating in these industries. RecVue announced the RecVue Agile Monetization Platform (RAMP360), which represents a real distillation of the company’s dedication to innovation and the goal of enabling major organizations to accelerate development and profitability in the digital economy.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Enterprise Services Market are focused on R&D to produce innovative technological solutions.

In February 2021, AT&T Inc. with Verizon Communications paid roughly USD 70 billion for 5G spectrum to increase network connection for its consumers.
In April 2020, T-Mobile US, Inc. acquired Sprint Corporation, with an objective to establish a strong 5G internet infrastructure in the United States and acquire the greatest market share in both rural and urban regions.

More Insights Available

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

The study reveals extensive growth in Telecom Enterprise Services Market in terms of Solution (Voice, Data/Internet Service, Wireless/Mobility, Managed Services, Cloud Service), By End-user (SMEs, Large Enterprises), By Revenue Stream (Master Agent, Carriers, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered In Telecom Enterprise Services Market Analysis

By Solution:

Voice
Data/Internet Service
Wireless/Mobility
Managed Services
Cloud Service

By End-user:

SMEs
Large Enterprises

By Revenue Stream:

Master Agent
Carriers
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Tax Management Market Key Players, End User, Demand & Consumption by 2032

According to a recently published Future Market Insights report, the Tax Management Market was estimated at US$ 18.9 Bn in 2021 and is expected to grow at a CAGR of 11.3% from 2022-2032. The market is expected to be worth $61.4 billion by the end of 2032. The tax management software market is expected to grow at a CAGR of 10.6% between 2022 and 2032.

Because the tax eco-system is slow to digitalize, tax authorities are gradually embracing modern values in order to improve real-time reporting and provide effective services to their customers. Tax authorities are reaching various stages of maturity by digitising interactions in order to provide more helpful and personalised services to taxpayers.

In today’s consumer-centric society, tax authorities all over the world are implementing more modern tax legislation and demanding greater openness from taxpayers and tax authorities by sharing and easily exchanging information. Many European governments, followed by Latin American governments, are adopting Standard Audit File for Tax (SAF-T) standards. Similarly, web-based tax systems that use Machine Learning (ML) and Artificial Intelligence (AI) applications are replacing spreadsheets, which reduce human input and data translation while speeding up tax filing operations.

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Since most tax authorities began adopting sophisticated analytics, there was some difficulty involved with the digitalization of the taxing process. The adoption of innovative tools in tax management decreases complexity by allowing taxpayers to register for tax registration digitally, e-fill tax forms, and tax authorities process returns and refunds in real-time. As a result, the advancement of technology and firms embracing digital strategies has contributed positively to the growth of the global tax management industry.

Competitive Landscape

Businesses are focusing on organic growth strategies such as product approvals and non-disclosure agreements. Acquisitions, partnerships, and collaborations are among the inorganic growth procedures seen in the company. With increased demand in the worldwide industry, market players in the Tax Management industry are expected to benefit from growth prospects in the future. Some of the recent developments in the Tax Management market include:

In November 2021, Thomson Reuters joined forces with Deloitte Tax, a prominent provider of audit, consultancy, tax, and advisory services. The collaboration would aid company tax as well as legal departments throughout the world in their operations. Furthermore, the collaboration would offer solutions for legal departments and in-house tax to deal with the growing issues posed by global compliance and regulatory obligations, and the pressing urge to become more efficient, agile, and digital.
In November 2021, Avalara, Inc., a leading supplier of cloud-based taxpayer compliance management for businesses of all kinds, announced that its cross-border compliance capabilities will enable the new duty and import tax capabilities of Shopify Markets, the company’s global commerce centre. The added duty and import tax capability, which is part of Shopify Markets, combines Avalara technology and information to provide landed cost pricing to assess duty and import tax obligations for above 180 countries. Avalara recently announced the purchase of 3CE Technologies, a firm that supplies commercial enterprises and government organizations with Harmonized System (HS) commodities categorization codes and verification solutions.

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

The study reveals extensive growth in the Tax Management Market in terms of Component (Software, Services), Deployment Mode (Cloud, On-premises), Organization Size (SMEs, Large Enterprises), Tax Type (Indirect Tax, Direct Tax), Vertical (BFSI, Information Technology (IT) and Telecom, Manufacturing, Energy and Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, Others), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered In Tax Management Market Analysis

By Component:

Software
Services

Deployment Mode:

Cloud
On-premises

By Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Tax Type:

Indirect Tax
Direct Tax

By Vertical:

Banking, Financial Services and Insurance (BFSI)
Information Technology (IT) and Telecom
Manufacturing
Energy and Utilities
Retail
Healthcare and Life Sciences
Media and Entertainment
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Telecom Order Management Market Key Players, SWOT Analysis, Key Indicators & Forecast 2022 to 2032

The Telecom Order Management Market revenues is estimated at US$ 3.1 Bn in 2022 and is anticipated to grow at a CAGR of 7.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 6.6 Bn. Market through Telecom Order Management Solutions is expected to witness a CAGR of 6.8%, during 2022 – 2032.

Integration of advanced technologies like AI, and machine learning, including big data, as well as a lack of standardization and compatibility concerns with existing systems, is projected to offer significant prospects for market expansion.

Constant advances in next-generation telecommunications order management systems, such as the growing number of connected devices throughout the world, along with an increase in order management complications, will significantly assist the industry in the near future.

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The telecom industry’s main difficulty is a lack of experienced experts due to a lack of varied skill sets of telecommunications order managed service and knowledge. As a result, there has been an increase in the demand for highly skilled personnel to manage telecom orders.

The increased demand for telecommunication order management solutions necessitates a number of highly sophisticated talents, and the existing talent pool is rather small, limiting its applications and limiting the overall growth of the telecommunications order management industry.

As when the number of connected devices grows, many telecom service providers, particularly small and medium-sized businesses, are searching for cloud-based deployment. The increased use of cell phones and online shopping has resulted in the implementation of telecommunication order management. According to an Indian study, the internet penetration rate in the nation is expected to increase by 40% by 2023, and the figure is expected to increase by 50%.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Order Management Market are focused on R&D to produce innovative technological solutions.

In May 2022, TPG Telecommunication has become Australia’s first carrier to deploy G.Fast technologies. G.Fast employs a combination of pair-bonding, and vectoring, including phantom mode.
In November 2021, Nokia officially launched several Software-as-a-Service offerings for communication service providers, marking an essential step toward providing operators with a less expensive, more adaptable, but also a customer-centric pathway for functioning their networks and delivering new solutions.

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Future Market Insights, in its new offering, presents an unbiased analysis of the Telecom Order Management Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Telecom Order Management Market in terms of Component (Solutions, Services), Deployment Type (On-premise, Cloud-based) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market Segments Covered in Telecom Order Management Market Analysis

By Component:

Solutions
Services

By Deployment Type:

Cloud Based
On-premise

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Content Analytics Discovery and Cognitive Software Market 2022 | Present Scenario, Growth Prospects & Competition Analysis by 2032

The worldwide content analytics discovery and cognitive software market is expected to arrive at a valuation of US$ 4,238.3 Million of every 2022. The expanding utilization man-made intelligence in a large number of uses is projected to be the market’s essential development drivers.

By and large, demand for content analytics discovery and cognitive software are projected to develop at a strong CAGR of 15.7% somewhere in the range of 2022 and 2032, adding up to around US$ 18,237.3 Million toward the finish of 2032.

Content Analytics includes scope of search and detailing advances which can give indistinguishable degrees of business insight and vital incentive for unstructured information.

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Content analytics for unstructured data incorporates virtual entertainment checking, notoriety observing, and feeling examination. Content analytics softwares utilizes normal language inquiries, patterns examination, prescient analytics and logical discovery to uncover patterns and examples for the organization’s unstructured information.

Discovery instruments are the hunt devices that examine contents for its possible importance to an interaction, by connecting names, time spans or terms utilized. Discovery devices can likewise stretch out to legitimate hold and parceling of content for additional investigation. Different kinds of discovery apparatuses incorporate web search tools, auto-order, and data perception instruments.

Cognitive registering softwares make setting calculable by distinguishing and removing setting highlights, for example, hour, area, errand, history or profile in organized way for an individual or an application participated in a particular cycle at unequivocal general setting. Cognitive registering advances and stages incorporates master help software.

Content Analytics, Discovery and Cognitive Systems, collectively covers the market and technologies that access, analyse, organize, and provides advisory services related to a range of unstructured data.

Cognitive systems leverages large amounts of structured and unstructured data and content analytics tools, along with several infrastructure technologies to answer questions, provide recommendations and directions. In addition to this, it helps in hypothesis and formulation of possible answers and updates itself by adopting learning algorithms from its mistake and failures.

Global Market of Content Analytics, Discovery and Cognitive Software: Drivers and Restraint

Unstructured data is driving a revitalisation in the analysis of information, resulting in the introduction of innovative tools capable to offer intelligent assistance, guidance and recommendations to customers.

Particularly, cognitive systems offer cloud and mobile-based platforms through which theintelligent assistants (such as Apple’s Siri, Google’s Google Now, Amazon Echo, Microsoft’s Cortana, Brainasoft’s Braina, Samsung’s S Voice, LG’s Voice Mate, BlackBerry’s Assistant, SILVIA, HTC’s Hidi, IBM’s Watson) are able to operate, using databases and knowledge graphs built with the help of content analytics.

Content analytics, discovery and cognitive Systems, together are used for complex applications such as medical research, fraud prevention, digital forensics for crime detection and sentiment analytics to measure the “feelings of the crowd” towards a brand or product.

These tools matches structured database information with unstructured data of documents to rearrange the data in the organized form. Additionally, it analyses text usage, patterns in video or sound.

Content analytics along with discovery tools and cognitive systems can create relevant cost and consumption metrics and facilitate improved information lifecycle management (ILM) chains for End-users. This will enable the End-users to identify the potential value of digital content and will aid them in understanding the significance of their investment in the storage and future analytics.

As these technologies are still at the nascent stage, promoting the significance of this technology is currently a major challenge for the market participants.

anticipating the unknowns as past based predictions have their limitations (in case of predictive analysis), Growing popularity of e-discovery, Digital Asset Management (DAM), Web Analytics and De-duplication technologies are acting as a potential substitute for the techniques including sentiment analysis, copyright detection and digital forensics used in content analytics

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Global Market of Content Analytics, Discovery and Cognitive Software: Segmentation

Segmentation on the basis of product type:

Various type of products in this market include: Test softwares (in multiple languages) and rich media tagging (audio, video, and image), software for searching, information discovery, machine learning, deep learning, hypothesis generation, entity and relationship extraction, supervised and unsupervised learning, clustering, categorization, question answering, filtering, alerting, visualization and navigation.

Segmentation on the basis of end-user:

Various end-users of the market include: government & public services, Finance, Banking & Insurance sector, utilities, telecommunication operator, IT & High-Tech ECM provider, healthcare & pharmaceutical sector, media & web publishing, retail, transport and real estate.

Finance, banking and insurance and utilities, are currently witnessing higher adoption of content analytics softwares. The factors driving this higher adoption are:

Growing need for real-time response requirements in banking, increasingly stringent regulatory environment and the need to mitigate risk, demanding customer profile and growing competitive pressure, exploding data volumes & growing complexity, in the BFSI sector.

Global Market of Content Analytics, Discovery and Cognitive Software: Key Players

Some of the prominent players in the content analytics, discovery and cognitive software market include: IBM Inc., Hewlett-Packard Company, Baidu Inc., Elastic GmbH, Facebook Inc., Google Inc., LucidWorks Inc., Microsoft Corporation, and Wipro Limited.

The report covers exhaustive analysis on

Global Content Analytics, Discovery and Cognitive Software Market Segments
Global Content Analytics, Discovery and Cognitive Software Market Dynamics
Historical Actual Market Size, 2012 – 2014
- Global Content Analytics, Discovery and Cognitive Software Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
- Global Content Analytics, Discovery and Cognitive Software Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Global Content Analytics, Discovery and Cognitive Software Market Drivers and Restraints

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Key Segments Profiled in the Content Analytics Discovery and Cognitive Software Market Report

By Product Type:

Test Software (in Multiple Languages)
Rich Media Tagging (Audio, Video & Image)

By End User:

Government & Public Services
Finance, Banking & Insurance Sector
Utilities
Telecommunication Operators
IT & High-Tech ECM Providers
Healthcare & Pharmaceutical Sector
Media & Web Publishing
Retail
Transport
Real Estate

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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