A surge in cyber-attacks and security breaches in physical systems and the need for operational technology networks drive the global market. The Critical Infrastructure Protection (CIP) market size was valued at $118.19 billion in 2019, and is projected to reach $203.09 billion by 2027, growing at a CAGR of 7.2% from 2020 to 2027.
The expediency of Wi-Fi infrastructure management and its remote troubleshooting drive the growth of the global Wi-Fi as a Service market. According to the report, the global Wi-Fi as a Service industry was estimated at $3.36 billion in 2019, and is expected to hit $12.21 billion by 2027, registering a CAGR of 17.6% from 2020 to 2027.
The importance of collecting and using data for better decision-making and advancements in big data technology drive market growth. However, data security & high investment costs and reliability issues observed by the employees hamper the market growth.
The augmented and virtual reality market trends in Asia-Pacific are expected to exhibit the highest growth during the forecast period. Industries in this region are comprehending the potential of augmented and virtual reality in the manufacturing, defense, and entertainment sectors in emerging economies such as China, and India.
Surge in adoption by enterprises to improve identity and access management systems, increase in need to avail access certification, and rise in awareness regarding management of regulations and compliance drive the growth of the market.
The rise in demand for cloud-based EAM solutions among enterprises to optimize the quality and utilization of assets throughout their lifecycle drives the global enterprise asset management market. However, the high cost of software and lack of awareness in developing countries hinder market growth.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to strong growth of e-commerce and adoption of smartphones and other connected devices. Also, the Asia-Pacific region has witnessed an increase in broadband speeds and greater availability of 4G connectivity due to the widespread adoption of wireless communication technologies, which is opportunistic for the market.
The rise in the need for high-speed internet with a shift toward digitization drives the growth of the South East Asia 5G private network market.
The requirement for real-time data analytics to improve performance drives the growth of global artificial intelligence in the sports market.
According to a recent report published by Allied Market Research, titled, the global application transformation market size was valued at $9,214 million in 2019, and is projected to reach $25,370 million by 2027, registering a CAGR of 13.2% from 2020 to 2027.
Rapid automation across IT, BFSI, government, and healthcare sector sectors is propelling the growth of the virtualization security market. As per the report, the global virtualization security industry was pegged at $1.62 billion in 2020, and is expected to reach $6.29 billion by 2030, growing at a CAGR of 14.6% from 2021 to 2030.
According to the report, the global AIOps market generated $26.33 billion in 2020, and is estimated to garner $644.96 billion by 2030, witnessing a CAGR of 37.90% from 2021 to 2030.
According to a recent report published by Allied Market Research, the global crypto asset management market size was valued at $0.67 billion in 2020, and is projected to reach $9.36 billion by 2030, growing at a CAGR of 30.2% from 2021 to 2030.
Increasing adoption of location analytics for asset management across various industries drives the global location analytics market.
High implementation of AEC creates the need for services in the market, which is expected to drive the market during the forecast period. According to a recent report published by Allied Market Research, titled, “AEC Market by Component, Deployment Mode, Enterprise Size, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2028,” the AEC Market size was valued at $7,188.00 Million in 2020, and is projected to reach $15,842.00 Million by 2028, growing at a CAGR of 10.7% from 2021 to 2028.
The rise in the popularity of application container technology over virtual machines, the surge in the adoption of cloud-based computing systems in organizations, and the rise in the trend of the Internet of Things (IoT) among end users majorly contribute towards the growth of the market. However, security risks associated with the application container technology hamper the growth of the application container market.
The European region dominates the global automated parcel delivery terminals market with the well-established shipping & logistics industry in the region particularly in countries including Germany, the UK, and the Netherlands. Further, the growing prominence of e-retail businesses in Europe supplements the region's overall lead.
Enhanced information security, reduced operational cost, initiatives to lower wastage of plastic at workplaces, and increase in adoption of big data solutions facilitate the growth in the market. However, recurring costs and strategic agreements and partnerships restrain the market growth.
Workforce management offers wide range of solutions such as time and attendance management, task management, workforce scheduling, workforce analytics, budgeting and forecasting, and many others. Though the workforce management solution offers wide range of features, many advance/premium features require extra cost.
The surge in the need for work-from-home and remote collaboration tools amid the COVID-19 pandemic contributed to the expansion of the global metaverse market.According to a new report published by Allied Market Research, the metaverse market was valued at $41.9 billion in 2020, and is estimated to reach $1,237.0 billion by 2030, growing at a CAGR of 40.4% from 2021 to 2030.
According to a recent report published by Allied Market Research, the global customer experience management software market size was valued at $7,571 million in 2019, and is projected to reach $23,835 million by 2027, registering a CAGR of 15.6% from 2020 to 2027.
The embedded analytics market is in its growth phase, and is expected to witness average growth rate of 13.6% during the forecast period. Organizations are shifting their focus toward real-time analytics embedded within business applications to gather data that can assist them in the decision-making process.
According to a recent report published by Allied Market Research, the global market was valued at $18.25 billion in 2018, and the risk analytics market forecast is projected to reach $65.25 billion by 2026, growing at a CAGR of 17.40% from 2019 to 2026.
According to a new report by Allied Market Research, the global unified communication market was valued at $ 32,879 million in 2016, and is projected to reach at $ 74,244 million by 2023, growing at a CAGR of 12.60% from 2017 to 2023.
According to a new report published by Allied Market Research, titled, "Deep Learning Market," The deep learning market was valued at $16.9 billion in 2022, and is estimated to reach $406 billion by 2032, growing at a CAGR of 37.8% from 2023 to 2032.
