Market Research Blog

The mobile encryption market is expected to reach US$ 8.5 Bn by 2031, at a significant growth rate of 25% during the forecast period 2021-2031. Growing concerns regarding data security and privacy issues, and the need for stringent compliance and regulatory requirements, is expected to propel demand from for mobile encryption, over the coming years.

Proliferation of smartphones and tablets across enterprises, increased usage of mobile technology, and rising availability of cost-effective mobile encryption solution along with technological advancements, are factors fueling the solution demand.

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What is Driving Demand for Mobile Encryption?

Growth in developments of cloud-based storage across various enterprises to protect valuable electronic data, including personal contacts, credit card numbers, and bank passwords, are such major factors fueling demand for mobile encryption solution across regions. Significant growth in the mobile encryption is expected to lead to greater opportunities for the integration of mobile devices to enhance cloud security solutions.

Growth in digitalization and growing usage of internet, along with rising BYOD trend are some of the major factors fueling demand for mobile encryption among enterprises. The increasing mobile encryption used in aerospace and defense application to enhance the system security is creating new growth opportunities for sales of the mobile encryption solutions.

Thus, to prevent, detect, securing, and responding to crime-prevention activities and managing traffic, an increase in the adoption of mobile encryption solutions has been witnessed by end-users of different verticals across the globe.

What is the impact of COVID-19 Pandemic Outbreak on Sales of Mobile Encryption?

The COVID-19 pandemic outbreak has disrupted many industries, including the mobile encryption market. As the stage of COVID-19 evolves across the world, technological developments have taken initiatives to stop the spread of COVID-19 disease.

Further, lockdown and restrictions have augmented the usage of mobile technology quite higher than usual. The mobile encryption solution sales is estimated to grow by 1.8X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as the growing need for interoperability between security devices becomes the new norm.

US and Canada Mobile Encryption Market Outlook

US is one of the largest markets for mobile encryption globally. Demand for mobile encryption in US and Canada will be led by IT and telecom sector. Furthermore, the growing trend of mobile shopping, e-banking and online retailing is accelerating the demand for mobiles across the North America, which is, in turn, fueling the growth of the mobile encryption.

Moreover, growing emphasis on regulating the U.S. government regarding data integrity and protection is also estimated to drive the mobile encryption solutions in the U.S.  The mobile encryption solution providers are focused on R&D and product innovation to introduce innovative security solutions to expand their customer base.

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Europe Demand Outlook for Mobile Encryption

The adoption of mobile communication technology is expected to rise significantly across in small and medium size businesses in countries across Europe. Moreover, mobile encryption solution offered in the European market are integrated with AI and cloud computing technology, enabling organizations get actionable insights and thereby focus on reducing organizational BYOD risks.

Some of the key players such as Adeya SA, Sophos Ltd., T-Systems International GmbH, and among others are focused on securing and offering advanced solutions has the potential to enhance customer experience through speed and convenience in European countries. Europe is identified as the second-leading market in mobile encryption, a position it is likely to hold on to, throughout the forecast period.

Who are the Key Providers of Mobile Encryption?

Some of the leading providers of mobile encryption include

• Adeya SA
• Becrypt, Ltd.
• CSG, Inc.
• Dell Technologies, Inc.
• DataMotion, Inc.
• Hewlett Packard Enterprise
• IBM Corporation
• Huawei Technologies Co. Ltd.

Key Segments of Mobile Encryption Market

By Component:

• Mobile Encryption Solution
• Services

By Enterprises Size:

• Small and Medium Enterprises (SMEs)
• Large enterprises

By End-use Industry:

• Banking, Financial Services, and Insurance (BFSI)
• Aerospace & Defense
• Healthcare
• IT and Telecommunications
• Retail
• Others

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By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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According to newly released data on service orchestration market analysis by Future Market Insights (FMI), demand for service orchestration is projected to increase at a prolific 26.3% CAGR between 2021 and 2031.

Rapid advancements in cloud computing technologies, along with increasing adoption of business automation services in organizations will continue pushing sales of service orchestration solutions. Considering this, FMI has forecast the total market valuation to surpass US$ 4.1 Bn in 2021.

Over the past few years, development of service orchestration architectures and interfaces has been accelerating. A key motive of service orchestration is to enable dynamic and flexible resource control and monitoring mechanisms.

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Organizations continually seek to improve cost efficiency as they scale, and service orchestration enables them to achieve their goals by delivering those improvements with predictability and reliability.

Service orchestration reduces cost of network ownership and delivers on-demand services to a broad range of businesses. Moreover, multi-domain service orchestration ensures software development and integration support to streamline service activation and enhance agility. Owing to these factors, sales of service orchestration in large and small/medium enterprises (SMEs) are projected to rise over the forecast period.

The introduction of the cloud computing technologies has provided organizations with a reliable, effective solution to deliver essential capabilities and services to their customers, at scale. Cloud has become an intrinsic part of modern business. Cloud computing gives organizations the ability to improve their operational efficiency, cut costs, and increase data and processing flexibility.

With huge amount of data generated through multiple cloud environments, maintaining the coherent cloud processes has become a difficult task. To meet these challenges, organizations are continuously integrating advanced service orchestration platforms, which will continue augmenting growth of the market in the forthcoming years.

Key Takeaways:

• By solution, the service orchestration platform segment is anticipated to expand at a 23.2% CAGR through 2031.
• The large enterprise segment is projected to hold 57.5% of the total service orchestration market share.
• Demand for cloud-based services is expected to grow at a stupendous 25.8% CAGR through 2031.
• Applications of service orchestration in the IT and telecom sector are expected to remain high, enabling sales at a 29.9% CAGR over the forecast period.
• The U.S. is anticipated to dominate the North America service orchestration market, accounting for 88.9% of the market share through 2031.
• Sales of service orchestration solutions in the U.K. are projected to increase at a 30.2% CAGR.
• China will emerge as an attractive service orchestration market, accounting for 58.8% of the East Asia market share in 2031.
• Demand for service orchestration in Japan and South Korea is forecast to grow at 21.8 CAGR and 25.9% CAGR respectively.

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Service Orchestration Market by CategoryBy Solution:

• Service Orchestration Platform
  • Cloud-based
  • On-Premises
• Services
  • Professional Services
    • Consulting & Advisory
    • Integration & Deployment
    • Support & Maintenance
  • Managed Services

By Enterprise Size:

• Small and Mid-Sized Enterprises (SMEs)
• Large Enterprises

By Industry:

• BFSI
• Retail & CPG
• Healthcare
• Government
• Travel & Hospitality
• IT & Telecom
• Manufacturing
• Others

By Region:

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

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The commerce cloud market is projected to grow from US$ 13 Bn in 2020 to US$ 60 Bn by 2031, at an expected CAGR of more than 20% during the forecast period 2021-2031. This is a cloud-based commerce platform that enables the brands to build seamless commerce and buying experience across multiple digital channels such as mobile, web, social media and others.

With the use of commerce cloud, the enterprises can ensure enhanced customer experience for their connected shoppers. Due to the rise in eCommerce business worldwide, the demand for commerce cloud solutions will grow at a significant rate, in the next 5 years.

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What is Driving Demand for Commerce Cloud?

In recent days, the most efficient platform to perform activities like online payment, online retailing, online e-commerce activities, and many more are possible with the help of portable devices like smartphones, tablets, and laptops.

According to statistics, almost 80% of smartphone users have made a purchase online using their smartphone devices in 2019 which goes to show how much online shopping has had an impact globally. Such device increases flexibility and performance, and reduced time and cost of online business which drives the adoption of commerce cloud platforms.

In addition, 5G wireless technology will enhance the performance of the applications like smart wallets, mobile payments, and digital bank services. 5G networks are the key to unlocking larger and more engaging shopping experiences and virtual environments.

The technology help retailers benefit from using VR to introduce products in virtual stores because consumers can then see them more clearly. Thus the 5G wireless networks drives the commerce cloud demand, in the coming years.

Rise in eCommerce Likely to Augment Commerce Cloud Adoption

The shift from the offline commerce business of Fast Moving Consumer Goods (FMCG) businesses to online platform will enhances the growth of the commerce cloud platform. Much of the brick and mortar retail world has taken a serious hit from the COVID-19 pandemic, with low product sales, and business loss worldwide.

Commerce cloud solutions helps to consolidate various stakeholders of eCommerce like executives, IT, marketing, sales etc. These stakeholders involve in the overall groceries retail process and helps to provide a positive buying experience for the connected shopper.

Moreover, the customer’s interest in online shopping had been rising at an alarming rate. And the coronavirus pandemic acted as a catalyst to this new trend of shopping. Thus, increase in businesses moving to online commerce helps to augment commerce cloud adoption.

US and Canada Commerce Cloud Outlook

The US eCommerce market grew significantly by 44% year-on-year from 2019 to 2020, with online sales representing nearly 21% of total retail sales. Canada currently is the 9th largest eCommerce market with revenue of over US$ 30 Bn in 2020, and has the potential to develop further in the worldwide digital commerce marketplace.

Major retailers in the US & Canada region includes Amazon, Walmart, Home Depot, Target, Best Buy and others, which are currently dominating the digital commerce sales in the North America region.

Also, major commerce cloud solution vendors are also present in North America region such as Salesforce, Oracle, SAP, Microsoft and others. This further accelerates the growth in the US and Canada region, for commerce cloud deployments.

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Europe Demand Outlook for Commerce Cloud

The retail sector significantly contributes to the European economy, with Western European countries like Germany, UK, France leading the overall eCommerce sales in 2020, which is nearly 83% of overall Europe online sales.

These regions have higher eCommerce penetration rates and brands and retailers are adopting multiple online channels like mobile and web platforms for enhanced customer experiences. Amazon lead the market in Europe, with nearly 1/4th of the eCommerce market, followed by eBay, AliExpress and other retailers. Such developments and boost in the eCommerce sector in Europe would drive the demand for commerce cloud platforms.

Who are the Key Commerce Cloud Vendors?

Some of the leading vendors of Commerce cloud include

• IBM
• SAP
• Salesforce
• Mirosoft
• Episerver
• Magento
• Shopify
• BigCommerce
• Digital River
• Elastic Path

Key Segments of Commerce Cloud Market

By Solution:

• Commerce Cloud Platform
• Services

By Enterprise Size:

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

By Application:

• Electronics & Electricals
• Pharmaceutical & Healthcare
• Automotive
• Fashion and Apparel
• Travel and Hospitality
• Food & Beverages
• Other

By Region:

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• 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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According to Future Market Insights (FMI), demand registered in the market will increase at a CAGR of around 25.0% from 2022-2032. Sales in the communication platform as a service (CPaaS) market is anticipated to reach ~US$ 59,362.1 Mn by 2032.

The report states that the market is expected to reach a valuation of ~US$ 6,384.4 Mn by the end of 2022. As per Future Market Insights, growing demand for flexible communication platforms is expected to boost sales of CPaaS solutions.

Communications platform as a service or CPaaS solutions are referred to as cloud solutions which enable organizations to add real-time communication features onto business applications. These solutions are adaptable, scalable, and unite latest integrated communication services into a single offering.

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Communications platform as a service brings together several types of communications, including calls, emails, and SMS for enhanced customer engagement. Emergence of omni channel methods for customer management is set to increase the demand for CPaaS solutions in the banking and financial sector. Insurance firms, banks, and payment providers require a secure platform for providing rapid and dependable services to customers while preventing fraud. CPaaS solutions have proved to be a secure real-time communication platform across the BFSI industry.

CPaaS solutions are becoming more popular, especially in the banking sector as these provide personalized offerings. CPaaS services, on the other hand, deliver onboarding features and text reminders to customers, thereby reducing delinquency risk with compliance and security.

Furthermore, implementation of CPaaS solutions results in the early fraud detection with outbound IVR facility. These facilities come along with additional options for immediate transfer to agents offering secure environments to customers for financial transactions. Such wide adoption is opening new opportunities for key players in the CPaaS market.

Key Takeaways: Communications Platform as a Service Market

• By solution, the CPaaS software segment is predicted to lead the global communications platform as a service market with a CAGR of 2% during the forecast period.
• By enterprise size, the large enterprises segment is set to dominate with a CAGR of nearly 23% between 2022 and 2032.
• By industry, the healthcare segment is anticipated to exhibit an astonishing CAGR of 31% in the forthcoming years.
• By geography, North America had the largest market share of about 2% in the CPaaS industry in 2021.
• The South Asia & Pacific region is expected to witness the highest growth rate of around 7% throughout the forecast period of 2022-2032.

“Growing demand for customer communication and customer engagement across the BFSI and retail industries is expected to drive the global communications platform as a service market growth,” says a FMI analyst.

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Increasing Demand for CPaaS in Retail Industry to Drive the Market

Retail firms are utilizing CPaaS solutions to adapt to the hybrid environment of modern day purchase requirements. Large-scale retail and consumer enterprises with multiple locations add cloud-based call routing solutions to ensure accurate routing of calls and SMS depending on location, time, and need.

Several brick and mortar, as well as online merchants utilize CPaaS solutions as the preferred business software. Such software solutions can circulate customized information, initiate in-store event registrations, offer segmented discount codes, and send sales alerts. Also, the addition of SMS with voice to the communication strategy is ensuring increased footprint of products onto consumers.

Up-to-date and flexible real-time integrated communication services enable small- and large-scale retail business to embrace the rapidly evolving cloud communications market. Thus, increasing adoption in retail industry is fueling the market growth and is anticipated to continue its supremacy in the near future.

Rising Adoption of Chatbots to Enhance Customer Engagement Will Aid Growth

To enhance the process of interaction on real-time basis, businesses are deploying chatbots and chat applications which interact with customers in an imaginative way. Chatbots and WhatsApp business APIs are two of the most popular use cases for CPaaS solutions. These chatbots are strategically designed to produce desired results with statistical information from the preceding information. The applicability of chatbots is becoming widespread with increased adoption among businesses for meaningful customer engagement.

Various organizations have integrated self-service chatbots for answering simple questions via conversational interfaces. One of the CNBC report estimates that 75-90% of the questions will be handled by bots by the end of 2024. The growing adoption and application of chatbots would surge the demand for communications platform as a service solution.

More Valuable Insights on Communications Platform as a Service Market

Future Market Insight’s report on the communications platform as a service industry research is segmented into four major sections – solution (communications platform as a service software, and services – professional services { integration & implementation, consulting, and support & maintenance }and managed services; enterprise size (SMEs and large enterprises), industry (IT & telecom, BFSI, manufacturing, healthcare, retail & CPG, 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 communications platform as a service solution demand outlook.

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Communications Platform as a Service Outlook by Category

By Solution:

• Communications Platform as a Service (CPaaS) Software
• Services
  • Professional Services
    • Integration & Implementation
    • Consulting
    • Support & Maintenance
  • Managed Services

By Enterprise Size:

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Industry:

• IT & Telecom
• BFSI
• Manufacturing
• Healthcare
• Retail & CPG
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and 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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The wheatgrass products is expanding at a steady pace owing to changes in consumer preferences. According to Future Market Insights (FMI), the wheatgrass products market will grow at 6.3% CAGR between 2021 and 2031.

This has encouraged key market players to increase investments in the launch of new products. Also, efforts towards sustainability certifications ensures lucrative growth in the wheatgrass products market. Wheatgrass products are derived from plants and therefore are very helpful for populations that suffer from digestion disorders, gut issues, bloating, and obesity problems. Wheatgrass is gaining traction globally as it is considered a good source of anti-oxidants and vital vitamins. Wheatgrass contains chlorophyll which is very important for the purification of the blood. Aged people believe more in body cleansing procedures, which will create key opportunities in the near future.

In 2020, ABE’S Households a North America based company, offered household superfood supplements, a natural blend of super nutrients for cardiovascular health. Strengthening partnerships in high growth regions, product innovation, and the demand for plant-based ingredients are factors boosting the wheatgrass products market.

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Millennial consumers account for a notable revenue share in the supplements sector, and are key contributors to the sales of wheatgrass products worldwide. To reach these consumers manufacturers are changing delivery patterns and shifting towards online distribution channels over store-based alternatives.

Clean Label Trend Gaining Traction

According to the Food Insider Journal, 75% of consumers are willing to pay extra for clean label ingredients. The clean label movement is gaining traction owing to increased consumer awareness regarding diet and available food options.

The product launches have resulted from changing consumer behavior regarding product purchases. Thus, dietary supplement manufacturers are incorporating wheatgrass derivatives and are aiming to market their products as clean label and good for health.

Who is Winning?

Prominent manufacturers of wheatgrass products are focusing on mergers and acquisitions and collaborations, to bolster market penetration and to increase production capacity. Research and development for optimizing taste and texture of plant-based products will gain importance.

Natural and organic products will gain consumer attention. Therefore, to increase market access, manufacturers are targeting local players to ensure long term consumer engagement.

A few of the leading players operating in the wheatgrass products market are Now Foods, Synergy Natural, Dynamic Greens Wheatgrass Juice, Navitas Organics, My protein, Pines International, Inc., Herbco International Inc, Nutriblade, Girmes Wheatgrass, E-Phamax, Terrasoul Superfoods, Naturya, ABE’S Organics, Nature Bell, Amazing Grass, Dr. Berg and others.

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Wheatgrass Products Market by Category

By Type:

• Juice
• Powder

By Nature:

• Natural
• Organic

By End Use Application:

• Industrial
  • Food & Beverages
  • Nutraceuticals
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Pet Food
• Household

By Packaging Type:

• Pouches
• Tins
• Bottles
• Sachets
• Capsules

By Distribution Channel:

• B2B
• B2C
  • Hypermarket/Supermarket
  • Convenience Store
  • Specialty Store
  • Online Retailers
  • Others

By Region:

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

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Key Takeaways from the Wheatgrass Products Market Study

• Supermarkets and hypermarkets are estimated to hold nearly 25% of the market in 2021, and are expected to rise at a CAGR of 4.8% in the forecast period.
• The U.S. holds the lead in North America. The North America market has emerged dominant and is expected to accounts for over 32% of the global market in 2021.
• The U.K. and Germany will reflect high potential for growth even as Europe accounts for 28.1% of the market, with growing consumer interest in natural, plant-based foods.
• South Asia is anticipated to grow with a 10.2% CAGR during the forecast period. India displays key opportunities, as millennial consumers become health-conscious.
• China will reflect high potential for growth in East Asia, with easy access to raw materials in the country.

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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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According to a recent market study by Future Market Insights (FMI), the global cow colostrum market is projected to display a CAGR of over 6.3% during the forecast period from 2021 – 3031. According to a field survey conducted by ColoPlus AB, the use of colostrum in medical nutritional food boosts the immune system of children diagnosed with acquired immune deficiency syndrome (HIV/AIDS), as well as lowers the risk of diarrhea and immune deficiency-related diseases.

In terms of improving immune response, the consumption of important nutrients and supplements, is key especially for pregnant women and patients with ailments such as diabetes. These nutrition-packed foods are available through prescriptions from doctors, physicians, and health professionals.

IgM (Immunoglobulin-M), IgA (Immunoglobulin-A), and IgG (Immunoglobulin-G) are prominent immunoglobulins found in colostrum, with Immunoglobulin-G being the most common variant that breaks down or eliminates infections in the bloodstream. The level of IgG in cow colostrum is around 20% higher than that of human colostrum.

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The nutritional profile of cow colostrum qualifies it as an “Ancient Food for Modern Times,” and it is thus categorized as a nutraceutical. Local immunity, athletic performance, permeability, mucosal integrity, systemic immunity, and antigen processing are just a few of the applications for colostrum.

Supplements with cow colostrum can help with autoimmune diseases like rheumatoid arthritis. Due to the inclusion of growth factors, it has potential as an immune modulator for growth supplements aimed towards children.

Immunoglobulin-G offers passive immunity to the human body, protecting it from viral and bacterial infections and illnesses. Over the projected period, this is expected to drive the worldwide cow colostrum market.

Probiotic Cow Colostrum Product Gain Traction

In the rapidly growing health sector, the popularity of probiotic products plays an important role in sales of cow colostrum products. There has been a relatively significant increase in consumption of probiotics such as lactobacillus acidophilus, which is found in cow colostrum products, as it promotes growth of beneficial bacteria in the gut.

Consumption of probiotics helps to prevent diseases such as ulcerative colitis and colon cancer by ensuring healthy intestinal environment and balance. Manufacturers offering cow colostrum products are anticipated to gain from the positive consumer perception of probiotic cow colostrum products in the foreseeable future.

Who is winning?

Consumers across the globe are becoming conscious about their health while focusing on the nature of raw materials used in end products. Consumers are preferring natural and organic products to maintain a healthy lifestyle.

Manufacturers are also focusing on using natural and high-quality ingredients in food, nutraceutical, pharmaceutical, sports nutrition, medical nutrition, animal feed, cosmetics, and personal care products. Companies are producing high quality, natural colostrum products according to the current trends and consumer requirements.

Some of the leading companies offering cow colostrum are Colostrum BioTec GmbH, Zuche Pharmaceuticals, Biodane Pharma A/S, Agati Healthcare Pvt. Ltd., McePharma, Cure Nutraceuticals Pvt. Ltd., Ingredia Nutritional (Ingredia S.A.), Sterling Technology, Biotaris B.V., La Belle Inc., Now Health Group, Inc., The Saskatoon Colostrum Company, and Good Health New Zealand.

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Cow Colostrum Market by Category

On the basis of Nature

• Organic
• Conventional

On the basis of Product Type

• Whole
  • Whole Colostrum Powder
  • Skim Colostrum Powder
  • Specialty Colostrum Powder
• Colostrum Finished Products
  • Capsules
  • Chewable Tablets
  • Individual Sachets
  • Specially Formulated Products

On the basis of End Use

• B2B
  • Dietary Supplements
  • Sports Nutrition
  • Functional Foods
  • Animal Nutrition
  • Cosmetics
  • Infant Formula
  • Pharmaceuticals
• B2C
  • Store Based Retail
    • Hypermarket/Supermarket
    • Convenience Store
    • Specialty Stores
    • Drug Stores
    • Health & Wellness Stores
    • Others
  • Online Retailing

On the basis of Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Ask Our Analyst More about Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-13242

Key Points Covered in Cow Colostrum Market Study

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Cow Colostrum Market and How to Navigate
• Recommendation on Key Winning Strategies

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About 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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