Data centers are the most crucial asset for an enterprise, hosting corporate and customers data and running most of the critical processes to support the overall business functioning. They house servers, storage, cabling infrastructure, and connectivity to the internet.

6G Market Size, Share and Growth – 2030

6G Market size from USD 5.1 billion in 2023 to USD 40.2 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 34.2% during the forecast period, according to report published by MarketsandMarkets. 

6G market growth is driven by the need for faster data rates and network capacity to enable new technologies and applications. The growth of IoT in sectors like healthcare, manufacturing, transportation, and smart cities is driving the demand for 6G networks to support the massive influx of IoT devices and enable seamless communication and data exchange. As a result, the IoT devices segment is expected to play a significant role in driving the growth of the 6G market in the coming years.

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By deployment device, Internet of Things (IoT) devices are expected to register the fastest growth rate during the forecast period.

With the increasing adoption of IoT across various industries, there is a growing need for reliable and high-speed connectivity to support the massive number of connected devices. 6G technology, with its ultra-low latency, high bandwidth, and enhanced network capabilities, is well-suited to meet the demands of IoT applications. IoT devices like sensors, smart appliances, and industrial equipment require seamless connectivity and real-time data transmission for efficient operations and decision-making. The growth of IoT in sectors like healthcare, manufacturing, transportation, and smart cities is driving the demand for 6G networks to support the massive influx of IoT devices and enable seamless communication and data exchange. As a result, the IoT devices segment is expected to play a significant role in driving the growth of the 6G market in the coming years.

By application, distributed sensing and communications segment to dominate the market during the forecast period.

The distributed sensing and communications segment is projected to hold the largest market share during the forecast period. Distributed sensing and communications use advanced technologies and networks to enable real-time data collection, analysis, and communication across various industries and sectors. This application segment is expected to grow significantly due to the increasing demand for high-speed, reliable, and low-latency connectivity to support a wide range of applications such as smart cities, industrial automation, environmental monitoring, and healthcare. Distributed sensing and communications in the 6G network enable the seamless integration of diverse devices and sensors, allowing for efficient data transmission and decision-making.

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Asia Pacific likely to emerge as the fastest-growing market during the forecast period

The region's rapid growth can be attributed to several factors, including the increasing adoption of advanced technologies, rising investments in research and development, and a strong focus on digital transformation. Countries like China, Japan, South Korea, and India are at the forefront of technological advancements and actively working to establish themselves as leaders in the 6G market. These countries have robust telecommunications infrastructure, a large consumer base, and a thriving ecosystem of technology companies, which provides a conducive environment for the growth of 6G technology.

Top Key Players:

The major vendors covered in the 6G market include AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China).

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About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Data Fabric Market Size, Share & Analysis – 2030

The global Data Fabric Market size to grow from USD 1.6 billion in 2022 to USD 6.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 30.9% during the forecast period, according to research report by MarketsandMarkets™.

The Data Fabric market is expected to grow at a significant rate during the forecast period, owing to various business drivers. Some factors driving the growth of the data fabric market are increasing volume and variety of business data, the emerging need for business agility and accessibility, and the rising demand for real-time streaming analytics.

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Managed Services to witness the higher CAGR during the forecast period

The data fabric services can be segmented into managed services and professional services. Services are required by organizations to bring about effective data fabric implementation strategies that can be handled by third-party companies, and organizations can concentrate on their core businesses. The human resources of the company must also have in-depth knowledge about the benefits that the new service would offer to the company. The knowledge is provided by a specific set of channelized services provided by the service providers. Managed services are an umbrella term for the services provided by a third party, such as monitoring and maintaining computers, networks, and software. These services depend on client experience and can be considered the most significant variable. Organizations need to concentrate on their core business, due to which they cannot afford to concentrate on other related services as it can be distracting and unmanageable. Hence, managed services came into existence. It helps organizations in various ways.

In-memory type segment to register for larger market size during the forecast period

Data fabric came into the picture due to the explosion of a large amount of data generated and stored in data lakes. However, business organizations use data fabric to manage and move data between two repositories. Data fabric can be provided in two ways: disk-based data fabric and in-memory data fabric. In-memory data fabric allows organizations to quickly access the data with its BigMemory feature. In-memory data grid creates an environment by using Random Access Memory (RAM), which can store a huge amount of data required by applications. The data is easily available by allowing quick access to in-memory and can be accessed by many users through numerous applications. It provides various features, including easy processing of high volume of data transactions, resilient web acceleration, micro-services in the distributed pattern, real-time analysis and event processing, and cache as a service.

SMEs to register for the larger market size during the forecast period

Organizations with over 1,000 employees are large enterprises. These organizations generate large amounts of data, which must be implemented via collaborative work teams. Using data fabric, the data generated can be stored at lower costs without compromising safety and agility. Large enterprises collect customer and market data to help improve experiences and drive business growth. Large enterprises have a huge corporate network and organize many events. Though large enterprises can store data, the ability to gain economic storage solutions and fast and reliable access to processed data can help organize corporate data and generate insights that can be done with the implementation of the data fabric. The ability to harness the data generated by these large enterprises has been made possible using data fabric.

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Asia Pacific to witness the highest CAGR during the forecast period

Asia Pacific is among the digital hubs of the world. Thus, businesses in the region have quickly identified the benefits of cloud technology as a facilitator of digital transformation. The region has great scope for growth in the data fabric market. It is focused on innovating and developing BI solutions that utilize data fabric technology in various verticals, such as telecom, transportation, and BFSI. Japan, China, and India use data fabric solutions across different industry verticals to streamline business operations. The rapid development of the data fabric market in the Asia Pacific region can be attributed to the massive data growth in all industries across the region. In a market such as Asia Pacific, the sheer volume of data and various emerging data types create innumerable complexities for businesses that still require adopting data strategies from the ground up. Organizations that have understood the importance of data have yet to instill stronger data management practices in the current state of the modern array. The presence of a large population and the developing infrastructure and technology are the major factors contributing to the growth of the data fabric market in the Asia Pacific region.

Key Players

Some major players in the Data Fabric market include IBM (US), SAP (Germany), Oracle (US), Informatica (US), Talend (US), Denodo (US), HPE (US), Dell Technologies (US), NetApp (US), Teradata (US), Splunk (US), TIBCO Software (US), Software AG (Germany), Intenda (South Africa), Radiant Logic (US), Incorta (US), Idera (US), K2View (US), Cinchy (Canada), Precisely (US), Global IDs (US), Alex Solutions (Australia), Iguazio (Israel), CluedIn (Denmark), QOMPLX (US), HEXstream (US), Starburst Data (US), Gluent (US), Stardog (US), Nexla (US), and Atlan (Singapore).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit  MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Data Integration Market Segmented by Product, Top Manufacturers, Geography Trends & Growth Opportunity to 2030

The global Data Integration Market size to grow from USD 11.6 billion in 2021 to USD 19.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period according to report published by MarketsandMarkets. Various factors such as rise in big data technologies and cloud computing technologies, increasing amount of on-cloud data and incapability of traditional data management tools are expected to drive the adoption of data integration solutions and services.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61793560

The services segment to hold higher CAGR during the forecast period

Based on components, the data integration market is segmented into software and services. The services segment has been further divided into professional and managed services. These services play a vital role in the functioning of data integration, as well as ensure faster and smoother implementation that maximizes the value of the enterprise investments. The growing adoption of data integration is expected to boost the adoption of professional and managed services. Professional service providers have deep knowledge related to the products and enable customers to focus on the core business, while MSPs help customers improve business operations and cut expenses.

The marketing business application to hold the largest market size during the forecast period

With the advent of IoT and mobile technologies, the massive amount of data (big data in most cases) has compelled marketers to deploy tools and practices that can help them make sense of this data. Data integration supports this requirement by providing marketers a platform to consolidate the data captured from various sources into a useful format ready for analysis. Data integration enables marketers to integrate all their data collected from different marketing channels and feed it into an analysis tool that can analyze and extract relevant information for them. By using data integration tools, marketers can develop a customer-centric view and target their marketing efforts more precisely instead of dealing with different marketing channels against channel-specific metrics.

Healthcare and life sciences segment to have the largest market size during the forecast period

The data integration market by vertical has been categorized into banking, financial services, and insurance, retail and consumer goods, media and entertainment, IT and telecom, healthcare and life sciences, Government and defense, energy and utilities, and manufacturing. The healthcare and life sciences vertical is expected to have the largest market size during the forecast period. The healthcare and life sciences vertical has always been overloaded with data, chiefly from patient, clinical, claim, hospital system, financial, pharmacy, and most recently from wearable technology sources. Leveraging this data can help develop a bulletproof plan to mitigate most of the existing diseases, improve patient care, develop new medicines, and identify new diseases.

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APAC to hold higher CAGR during the forecast period

The data integration market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players. China, India, and Japan have displayed ample growth opportunities in the data integration market.

The major vendors in the global data integration market include IBM(US), Microsoft(US), SAP(Germany), Oracle(US), SAS Institute(US), Talend(US), Informatica(US), Precisely(US), Software AG(Germany), Salesforce(US), Qlik(US), and Tibco(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

5G Services Market Emerging Trends, Application Scope, Size, Status, Analysis And Forecast To 2030

The global 5G Services Market size is expected to grow from USD 107.0 billion in 2022 to USD 331.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 25.3% during the forecast period according to report published by MarketsandMarkets. Other factors such as high number of applications being developed requiring low latency in connection have resulted in high adoption of 5G services in developing economies.

5G services will prove to be highly efficient in the healthcare sector by enabling remote patient monitoring, connected ambulance services, hd virtual consultations, video-enabled prescription management etc. Due to high availability of 5G compatible devices and high investments of governments in 5G services, the 5G ecosystem is expected to witness a faster growth rate than other connectivity transformations.

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Healthcare segment to grow at the highest CAGR during the forecast period

The lower latency 5G will enable data and video to be sent in real-time to the hospital/clinicians in emergency situations and this will have significant impact on the healthcare sector and people’s lives.

uRLLC segment is expected to grow at the highest CAGR during the forecast period

Ultra-reliable low-latency communication (URLLC) use cases such as autonomous systems and mission-critical control are going to gain traction, which increase the speed and quality of services in critical functions. The automotive industry has been an early adopter of various connectivity technologies. There has been a major impetus by car manufacturers to develop connection-ready cars, taking small steps forward within a long-term vision of autonomous vehicle control using URLLC. Service providers may decide to provide focussed offerings end-to-end as the principle B2B services provider. So for example they may supply services, including high-definition cameras to a car manufacturer that requires 5G and URLLC on a production line.

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As per region, North America to have the highest market size during the forecasted period

Asia Pacific (APAC) region to record the highest growing region in the 5G services market

The countries in APAC have high investments done by the governments in 5G services. The high population of the countries in the region have also resulted in higher number of subscribers for 5G, thereby resulting in a higher Average Revenue Per User (ARPU) for 5G service providers. Countries such as China, South Korea, Australia and Japan have high technological growth. The presence of developed technological infrastructure is also one of the key reasons for the adoption of 5G services across all industry verticals.

The network market in APAC is driven by the growing acceptance of cloud-based solutions, emerging technologies such as the IoT, and big data analytics and mobility.

Key Players:

Key and innovative vendors in 5G services market are AT&T (US), China Mobile (China), SK Telecom (South Korea), Verizon (US), BT Group (UK), Deutsche Telekom (Germany), T-Mobile (US), China Telecom (China), Orange S.A (France), Vodafone (UK), China Unicom (China), Telstra (Australia), Telefonica (Spain), KT (South Korea), Rogers (Canada), Bell Canada(Canada), Etisalat( UAE), STC (KSA), LG U+( South Korea), NTT Docomo (Japan), KDDI (Japan), Telus (Canada), Swisscom (Switzerland), DISH (US), Reliance Jio(India), Rakuten (Japan), MTN ( South Africa), Airtel (India),and Telenor Group (Norway)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Data Governance Market Shares & Size-2030

The global Data Governance Market size is expected to grow from USD 2.1 billion in 2020 to USD 5.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period, according to a new report by MarketsandMarkets™. 

Due to the rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations are expected to drive the growth of the data governance market.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108243043

The risk management application segment is expected to have the largest market share during the forecast period.

The solution providers of the risk management application deliver significant value to businesses by ensuring their important financial data assets are formally managed throughout enterprises. These vendors provide automated risk management solutions to mitigate risks and align critical-business processes with the help of functions, such as managing IT security-based compliance mandates, including ISO 27001, and providing automated risk notifications. Risk management application and solution providers have the potential to deliver significant outcomes and reshape organizations’ businesses by providing automated solutions across multiple industry verticals.

The Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to dominate the market, whereas the retail and consumer goods industry vertical is expected to grow at the highest CAGR during the forecast period.

The Banking, Financial Services, and Insurance (BFSI) industry vertical has realized the significance of data management and governance, which help govern and secure multiple transactions in organizations. Financial institutions constantly face challenges, such as data quality and accessibility, and data security. Data governance solutions help these institutions and banks handle such challenges with effective data management solutions that can prevent data duplication and data loss. Moreover, data governance solutions help BFSI firms maintain an edge in the market, with constant updates to their policies and procedures.

North America is expected to hold the largest market share, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.

The global data governance market has been segmented on the basis of regions that include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size and continues to dominate the global data governance market from 2020 to 2025, due to the significant adoption of data governance and management solutions and the presence of a large number of vendors in the US.

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Market Players

The major vendors of data governance solutions and services include  IBM (US), Oracle (US), SAP (Germany), SAS (US), Collibra (US), Informatica (US), Talend (US), TopQuadrant (US), Information Builders (US), Alation (US), TIBCO (US), Varonis (US), erwin (US), Data Advantage Group (US), Syncsort (US), Infogix (US), Magnitude Software (US), Ataccama (US), Reltio (US), Global Data Excellence (Switzerland), Global IDs (US), Innovative Routines International (US), Denodo (US), Adaptive (US), Microsoft (US), Zaloni (US), Alex Solutions (Australia), Microfocus (UK) and Mindtree(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Data Integration Market by Type & End User- 2030

The global Data Integration Market size to grow from USD 11.6 billion in 2021 to USD 19.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period according to report published by MarketsandMarkets. Various factors such as rise in big data technologies and cloud computing technologies, increasing amount of on-cloud data and incapability of traditional data management tools are expected to drive the adoption of data integration solutions and services.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61793560

The services segment to hold higher CAGR during the forecast period

Based on components, the data integration market is segmented into software and services. The services segment has been further divided into professional and managed services. These services play a vital role in the functioning of data integration, as well as ensure faster and smoother implementation that maximizes the value of the enterprise investments. The growing adoption of data integration is expected to boost the adoption of professional and managed services. Professional service providers have deep knowledge related to the products and enable customers to focus on the core business, while MSPs help customers improve business operations and cut expenses.

The marketing business application to hold the largest market size during the forecast period

With the advent of IoT and mobile technologies, the massive amount of data (big data in most cases) has compelled marketers to deploy tools and practices that can help them make sense of this data. Data integration supports this requirement by providing marketers a platform to consolidate the data captured from various sources into a useful format ready for analysis. Data integration enables marketers to integrate all their data collected from different marketing channels and feed it into an analysis tool that can analyze and extract relevant information for them. By using data integration tools, marketers can develop a customer-centric view and target their marketing efforts more precisely instead of dealing with different marketing channels against channel-specific metrics.

Healthcare and life sciences segment to have the largest market size during the forecast period

The data integration market by vertical has been categorized into banking, financial services, and insurance, retail and consumer goods, media and entertainment, IT and telecom, healthcare and life sciences, Government and defense, energy and utilities, and manufacturing. The healthcare and life sciences vertical is expected to have the largest market size during the forecast period. The healthcare and life sciences vertical has always been overloaded with data, chiefly from patient, clinical, claim, hospital system, financial, pharmacy, and most recently from wearable technology sources. Leveraging this data can help develop a bulletproof plan to mitigate most of the existing diseases, improve patient care, develop new medicines, and identify new diseases.

Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=61793560  

APAC to hold higher CAGR during the forecast period

The data integration market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players. China, India, and Japan have displayed ample growth opportunities in the data integration market.

The major vendors in the global data integration market include IBM(US), Microsoft(US), SAP(Germany), Oracle(US), SAS Institute(US), Talend(US), Informatica(US), Precisely(US), Software AG(Germany), Salesforce(US), Qlik(US), and Tibco(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Data Governance Market: 2030 Global Industry Trends, Growth, Share, Size And Leading Players Review

The global Data Governance Market size is expected to grow from USD 2.1 billion in 2020 to USD 5.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period, according to report published by MarketsandMarkets. 

Due to the rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations are expected to drive the growth of the data governance market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108243043

The risk management application segment is expected to have the largest market share during the forecast period.

The solution providers of the risk management application deliver significant value to businesses by ensuring their important financial data assets are formally managed throughout enterprises. These vendors provide automated risk management solutions to mitigate risks and align critical-business processes with the help of functions, such as managing IT security-based compliance mandates, including ISO 27001, and providing automated risk notifications. Risk management application and solution providers have the potential to deliver significant outcomes and reshape organizations’ businesses by providing automated solutions across multiple industry verticals.

The Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to dominate the market, whereas the retail and consumer goods industry vertical is expected to grow at the highest CAGR during the forecast period.

The Banking, Financial Services, and Insurance (BFSI) industry vertical has realized the significance of data management and governance, which help govern and secure multiple transactions in organizations. Financial institutions constantly face challenges, such as data quality and accessibility, and data security. Data governance solutions help these institutions and banks handle such challenges with effective data management solutions that can prevent data duplication and data loss. Moreover, data governance solutions help BFSI firms maintain an edge in the market, with constant updates to their policies and procedures.

North America is expected to hold the largest market share, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.

The global data governance market has been segmented on the basis of regions that include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size and continues to dominate the global data governance market from 2020 to 2025, due to the significant adoption of data governance and management solutions and the presence of a large number of vendors in the US. Enterprises in this region have quite well-established processes and the high-levels of technology awareness. The risk management and data management capabilities of these organizations are also high as compared to that of organizations in other regions. The increasing penetration rate in multiple industry verticals, such as BFSI, retail and consumer goods, IT and Telecommunications, and healthcare and life sciences, are expected to drive the market growth. APAC offers significant growth opportunities, owing to the growing technology expenditures in major countries, such as China, India, Singapore, and Australia, and the demand for cost-effective data management and governance solutions and services among Small and Medium-sized Enterprises (SMEs). These factors are expected to drive the market growth during the forecast period.

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Top Key Companies:

The major vendors of data governance solutions and services include  IBM (US), Oracle (US), SAP (Germany), SAS (US), Collibra (US), Informatica (US), Talend (US), TopQuadrant (US), Information Builders (US), Alation (US), TIBCO (US), Varonis (US), erwin (US), Data Advantage Group (US), Syncsort (US), Infogix (US), Magnitude Software (US), Ataccama (US), Reltio (US), Global Data Excellence (Switzerland), Global IDs (US), Innovative Routines International (US), Denodo (US), Adaptive (US), Microsoft (US), Zaloni (US), Alex Solutions (Australia), Microfocus (UK) and Mindtree(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

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DataOps Platform Market 2027 Trends, Key Players, Manufacturers Data, Price Analysis

The global DataOps Platform Market size is projected to grow from USD 3.9 billion in 2023 to USD 10.9 billion by 2028, at a CAGR of 23.0% during the forecast period, according to report published by MarketsandMarkets. 

As organizations continuously generate and accumulate vast volumes of data, DataOps platforms offer indispensable tools and processes to extract actionable insights and unlock the true value of data assets. DataOps platform empower teams with the necessary skills and capabilities to effectively manage critical business processes, enabling them to grasp the significance while eliminating data silos through centralized data management. This emerging paradigm seeks to achieve a delicate equilibrium between fostering innovation and upholding control over the data pipeline. By harmonizing innovation and control, DataOps platforms allow organizations to harness data as a strategic asset while ensuring data integrity and security are upheld without compromise.

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Healthcare & Life Sciences segment to account for higher CAGR during the forecast period

The market for DataOps Platform is bifurcated into BFSI, IT and ITeS, Retail & eCommerce, Healthcare & Life Sciences, Manufacturing, Government & Defense, Telecommunications, Transportation & Logistics, Media & Entertainment and Other verticals. The adoption of DataOps platforms has significantly transformed the healthcare & life sciences industry by facilitating streamlined data analytics and improving the accuracy of medical treatments. The platform offers an excellent opportunity to aggregate and analyze large volumes of complex and diverse healthcare data. By leveraging the power of machine learning and artificial intelligence, DataOps platforms enable healthcare professionals to provide more personalized and efficient healthcare services. These platforms provide real-time data insights that help healthcare professionals identify disease patterns, make early diagnoses, and prescribe the most effective treatment plans for their patients. As a result, the healthcare industry is witnessing a paradigm shift, with DataOps platforms being at the forefront of this transformation. During the forecast period, the Healthcare & Life Sciences segment is anticipated to grow at the highest CAGR.

Cloud segment to grow at the highest CAGR during the forecast period

The market for DataOps Platform is bifurcated based on deployment mode into Cloud and On-premises.  The adoption of cloud deployment offers enhanced flexibility and accessibility, enabling users to access the DataOps platform from anywhere with an internet connection. This increased accessibility empowers businesses to leverage the platform's capabilities without limitations of physical location. Additionally, cloud deployment expedites the implementation and deployment process of DataOps platforms by eliminating the requirement for businesses to establish and configure their own hardware and infrastructure. This streamlined approach saves valuable time and reduces the time to value, enabling businesses to swiftly extract insights and make data-driven decisions. Embracing cloud deployment allows organizations to harness the full potential of their data assets swiftly and efficiently, providing them with a competitive edge in the dynamic business landscape. During the forecast period, the cloud segment is expected to grow at the highest CAGR.

Asia Pacific to exhibit the highest CAGR during the forecast period

The CAGR of Asia Pacific is estimated to be highest during the forecast period. The Asia Pacific region is witnessing a rapid adoption of DataOps platforms driven by various factors such as the exponential growth of big data, the prevalence of cloud computing, and the advancements in artificial intelligence. With data volumes expanding at an unprecedented rate, businesses are seeking automated solutions to manage their data effectively, aiming to achieve cost savings, operational efficiency, and improved data quality. The business ecosystem for DataOps platforms in the Asia Pacific region is diverse and rapidly evolving. It encompasses a broad spectrum of technology vendors, service providers, and consulting firms that cater to businesses of all sizes, offering comprehensive end-to-end data management solutions. As the demand for efficient data management intensifies, the Asia Pacific region is witnessing significant growth and innovation in the field of DataOps platforms.

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Market Players

Major vendors in the global DataOps Platform market are Microsoft (US), IBM (US), Oracle (US), AWS (US), Informatica (US), Teradata (US), Wipro (India), Accenture (Ireland), SAS Institute (US), Hitachi Vantara (US), DataKitchen (US),  Atlan (Singapore), Dataiku (US), Fosfor (India), Databricks (US), StreamSets (US), Talend (US), Collibra (US), Celonis (US),  BMC Software (US), Saagie (France), Composable Analytics (US), Tengu.io (Belgium), Unravel Data (US), Monte Carlo Data (US), Census (US), RightData (US), Zaloni (US), Datafold (US), DataOps.live (UK), K2view (Israel).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

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Smart City Platforms Market Worth $292.1 billion By 2020: MarketsandMarkets™

The global Smart City Platforms Market size is estimated at USD 191.6 billion in 2023  and is projected to reach USD 292.1 billion by 2028, at a CAGR of 8.8% from 2023 to 2028, according to report published by MarketsandMarkets. The growing mobile subscriber base, broadband penetration, and the adoption of advanced technologies across businesses drive the smart city platforms market.

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By offering, platforms are estimated to account for the largest market share in 2023.

Smart city platforms enable the integration of various software, devices, sensors, machines, routers, controllers, gateways, and edge-computing systems to streamline business processes and increase operational efficiency. Smart city platforms enable connectivity between objects or platforms and consist of a variety of important building blocks, such as connectivity and normalization, device management, database, processing and action management, analytics, visualization, and external interfaces. Rising urbanization resulting in increasing demand for space optimization and asset management is encouraging vendors to enhance the capabilities of their platforms.

Managed services are expected to register the fastest growth rate during the forecast period.

Managed service providers (MSPs) assist clients in efficiently managing key operations of smart city infrastructure. MSPs handle end-to-end deployment and after-sales services for the deployed smart city platforms. Smart city platforms and systems need to be upgraded regularly to detect physical attacks on smart city infrastructure and counter newly introduced cyber threats, attacks, ransomware, and sophisticated cybercriminals. As a result, companies are rapidly handing over their smart city infrastructure and asset security to specialized service providers, such as Managed Security Service Providers (MSSPs), who help secure data generated from the infrastructure and ensure data confidentiality, integrity, and availability.

Asia Pacific is likely to emerge as the fastest-growing market during the forecast period

Asia Pacific is anticipated to have highest CAGR for the forecasted period. Asia Pacific is an emerging smart city platforms market. China, Japan, and Australia are the major countries contributing to the growth of the market in the region. Asia Pacific also houses other major economies, such as Singapore, South Korea, and India. Japan has already declared completion of most of its smart city projects, while the other countries in the region are still in the initial development phase. China is the biggest marketplace in the Asia Pacific region in terms of developing IoT technology for smart cities. In Asia Pacific, around 311 cities were selected for transformation into smart cities in 2013; significant progress has been observed in nearly 80 cities.

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Top Key Companies:

The major vendors covered in the smart city platforms market include Alibaba Group Holding Limited (China), Amazon Web Services, Inc. (US), Bosch.IO GmbH (Germany), Quantela, Inc. (US), Cisco Systems, Inc. (US), Ericsson (Sweden), Fujitsu Limited (Japan), Fybr (US), Google LLC (US), Hitachi, Ltd. (Japan), Huawei Technologies Co., Ltd. (China), IBM (US), Intel Corporation (US), KaaIoT Technologies (US), Microsoft (US), NEC Corporation (Japan), Oracle Corporation (US), SAP SE (Germany), Schneider Electric (France), SICE (Spain), Siemens AG (Germany), Sierra Wireless Inc. (Canada), SIRADEL SAS (France), Smarter City Solutions (Australia), Thethings.Io (Spain), Ubicquia, Inc (US), Verdigris Technologies, Inc (US), Softdel (US), Igor, Inc (US), Telensa Inc (UK), Enevo Inc. (US), Confidex Ltd (Finland), 75F (US), Ketos (US), and Cleverciti Systems GmbH (Germany).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC
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Geospatial Analytics Market Size & Forecast [2027]

The global Geospatial Analytics Market is projected to grow from USD 67.4 billion in 2022 to USD 119.9 billion by 2027, at a CAGR of 12.2% during the forecast period according to report published by MarketsandMarkets. 

The key factors driving the growth of this market include the rise of geospatial analytics technologies and the increasing competition. GIS may be used to monitor facilities that are available and organize interventions. The mapping of demographic data aids in the monitoring of high-risk populations and vulnerable areas. The geospatial technology anticipates and analyses organizational risk regions and monitors operational capabilities to increase business continuity.

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Cloud segment to account for higher CAGR during the forecast period

The Geospatial analytics market is bifurcated on the basis of cloud and on-premises. The market size of the cloud deployment mode is estimated to be larger and projected to have a higher CAGR during the forecast period. A combination of spatial technologies with cloud computing offers an alternative platform for data, making it affordable and scalable. The deployment type comes with flexible subscription-based pricing models, and access to the services is provided through cloud-deployed network connectivity. A geospatial cloud providing GIS as SaaS offers many analytic and visualization capabilities.

SMEs segment to account for higher CAGR during the forecast period

The SMEs segment is a faster-growing segment in the Geospatial analytics market during the forecast period as the demand for geospatial analytics in organizations is increasing. The deployment of geospatial analytics varies according to the needs of different end users. The increasing volume of location-based spatial data in SMEs is one of the major factors driving the growth of the geospatial analytics market.

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APAC to hold higher CAGR during the forecast period

APAC is showing a substantial rise in the adoption of Geospatial analytics solutions and services during the forecast period. The number of people living in cities has dramatically increased because of the region’s rising economies, including those of Indonesia, China, and India. This expansion has increased demand for smart cities, smart infrastructure, and well-planned urban landscapes. Leading the development of 5g and IoT infrastructures are China, South Korea, and India. These factors will lead the APAC market to grow at the quickest CAGR over the next years.

Major Key Players:

Major vendors in the global Geospatial analytics market Esri (US), Precisely (US), Caliper Corporation (US), Blue Marble Geographic (US), Google (US), eSpatial (Ireland), HexagonAB (Switzerland), TomTom (Netherlands), Trimble (US), Maxar Technologies (US), RMSI (India), Maplarge (US), General Electric (US), Bentley Systems (US), Fugro (Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

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Retail Cloud Market To 2028 Industry Outlook, Growth Opportunities, Trends | Market Growth

Retail Cloud Market refer to the services that cloud infrastructure providers offer to retailers to help them manage their cloud-based solutions. The growing need for enhancing online shopping experience, increase in adoption of SaaS solutions, and surge in demand for hybrid cloud solutions with the adoption of remote working has driven the market growth.

The global Retail Cloud Market size is expected to grow from USD 47.0 billion in 2023 to USD 114.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period, according to report published by MarketsandMarkets.

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By Component, the services segment is expected to grow at a higher CAGR during the forecast period.

The retail cloud service segment is further segmented into professional services and managed services. Retail cloud services refer to the services that cloud infrastructure providers offer to retailers to help them manage their cloud-based solutions. These services may include cloud storage, database management, application hosting, security services, and more. Retailers can use these services to ensure that their cloud-based solutions are secure, scalable, and always available to their customers. Retail cloud services typically include a range of offerings, such as software-as-a-service (SaaS), platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and other cloud-based services that are specifically tailored to meet the needs of the retail industry.

By Organization Size, large enterprises hold the largest market size during the forecast period.

Enterprises with more than 1,000 employees are considered large enterprises. The retail industry is highly competitive, and large enterprises need to stay ahead of the curve to survive. The adoption of retail cloud solutions allows large enterprises to streamline their operations, reduce costs, and enhance customer experience. Large enterprises have the resources and infrastructure to implement and manage retail cloud solutions, making it easier for them to leverage the benefits of the technology. They have a large customer base and a vast amount of data that needs to be managed efficiently, which can be achieved through retail cloud solutions.

By Region, Asia Pacific is expected to grow at a higher CAGR during the forecast period.

The Asia Pacific region is the fastest growing region in the global retail cloud market. The growth is mainly driven by the utilization of public cloud services. Public cloud services are widely used by retailers in the Asia Pacific region to enhance their operations, improve customer experiences, and drive innovation. Cloud-based marketing solutions are becoming popular among retailers in the Asia Pacific region who want to personalize their marketing efforts and reach customers across multiple channels. Cloud-based marketing providers such as Adobe and Hubspot offer tools for email marketing, social media marketing, and customer segmentation. In addition, many cloud service providers are expanding their reach by launching new data centers in the region. For instance, In 2022, Alibaba Cloud opened its data centers in Thailand, South Korea and Japan.

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Market Players

Some of the key players operating in the retail cloud market are  AWS (US), Microsoft (US), Google (US), Oracle (US), Salesforce (US), SAP (Germany), Accenture (Ireland), Alibaba Cloud (China), IBM (US), and Cisco (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

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Data Science Platform Market worth $322.9 billion by 2026 - Exclusive Report by MnM

The global Data Science Platform Market size is projected to grow from USD 95.3 billion in 2021 to 322.9 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 27.7% during the forecast period, according to report published by MarketsandMarkets. The Data Science Platform industry is driven by Astonishing growth of big data, however, Rising in adoption of cloud-based solutions, Rising application of the data science platform in various industries and Growing need to extract in-depth insights from voluminous data to gain competitive advantage.

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Based on the Component, platform segment to account for a larger market size during the forecast period

The Data Science Platform market has been segmented by two components: platform and services. The deployment of Data Science Platform has witnessed an increase in adoption, as serves a variety of purposes, such as ML modeling and predictive analytics. The growing adoption of Data Science Platform across all major verticals, such as BFSI, Retail and eCommerce, Telecom and IT, Media and Entertainment, Healthcare and Life Sciences, Government and Defense, Manufacturing, Transportation and Logistics, Energy and Utilities, Other Verticals ( travel and hospitality, and education and research).

Based on deployment mode, cloud segment to grow at a higher CAGR during the forecast period

Cloud computing refers to the storage, management, and processing of data via networks of remote servers, which are typically accessed via the Internet. According to Statista, cloud computing would generate more than USD 300 billion in revenue in 2020 as a component of IT services. At the same time, PwC shows the COVID-19 crisis has accelerated the cloud transition even further as per data during the first quarter of 2020, cloud spending increased by 37% to USD 29 billion. The increasing generation of data leads to various challenges for several organizations. These challenges include storage, privacy, and affordability.

Based on services, professional services segment to hold the largest market size during the forecast period

Customized, knowledge-based services that are offered to clients fall under the professional services category. These services include network deployment and customization, maintenance and support services, consulting services, designing, installation, training, network planning, network analysis, and outsourcing services. Online support, live chat for real-time answers, other real-time support options, and community portals are established so that clients can meet and exchange ideas with people in other organizations.

Based on business function, Finance and Accounting segment to grow at a higher CAGR during the forecast period

Financial services firms and banks, for example, use financial data science: Forward-thinking banks and FinTech’s improve customer service by evaluating transactional and behavioral data using various data science methods. Data science is already being used by some of the worlds largest banks to acquire insights from previous customer purchases, engagements, and accounts that are most relevant to them. Investing items, insurance coverage, bank accounts, and mortgages are now the most common notices they receive. Data science is also providing insights into how well a product sells or to whom it sells, allowing financial services organizations and banks to build consumer products, policies, and investment instruments that will sell well in the future.

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North America to hold the largest market size during the forecast period

North America is estimated to account for the largest market share during the forecast period. In North America, data discovery and Data Science Platform are considered highly effective by most organizations and verticals. On the other hand, Europe is gradually incorporating these advanced solutions within its enterprises. APAC is witnessing a substantial rise in the adoption of Data Science Platform owing to the increasing digitalization and rising demand for centrally managed systems.

Major Data Science Platform vendors include IBM (US), Google (US), Microsoft (US), SAS (US), AWS (US), MathWorks (US), Cloudera (US), Teradata (US), TIBCO (US), Alteryx (US), RapidMiner (US), Databricks (US), Snowflake (US), H2O.ai (US), Altair (US), Anaconda (US), SAP (US), Domino Data Lab (US), Dataiku (US), DataRobot (US), Apheris (Germany), Comet (US), Databand (US), dotData (US), Explorium (US), Noogata (US), Tecton (US), Spell (US), Arrikto (US), and Iterative (US). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2018 to 2022, which helped companies innovate their offerings and broaden their customer base.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

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Supply Chain Analytics Market Trends, Growth Analysis 2027

Supply Chain Analytics Market To Reflect Impressive Growth Rate Worth $13.5 billion by 2027: MnM

The region's supply chain analytics market is expanding as a result of the fast-paced infrastructure development, widespread acceptance of digital technologies, and rise in real-time data in supply chain organisations. The expansion of the supply chain analytics market in the area is attributed to the cutting-edge products provided by different vendors that concentrate on supplying dashboards for analysis to make strategic business choices.

The global Supply Chain Analytics Market size is projected to grow from USD 5.2 billion in 2022 to USD 13.5 billion by 2027, at a CAGR of 21.0% during the forecast period, according to report published by MarketsandMarkets. 

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Cloud segment to account for higher CAGR during the forecast period

The supply chain analytics market is bifurcated on the basis of cloud and on-premises. The market size of the cloud deployment mode is estimated to be larger and projected to have a higher CAGR during the forecast period. Due to its flexibility, scalability, and affordability, the cloud deployment approach is being adopted more quickly than the on-premises strategy. It gives an organization greater control over the server, infrastructure, and systems, allowing them to be set up to meet specific business needs. The cloud deployment strategy offers improved performance, more control, and fewer dangers. It also offers characteristics that are user-friendly, versatile, and economical. These solutions are easier to set up physically, need less upkeep, and are always accessible from anywhere at any time.

SMEs segment to account for higher CAGR during the forecast period

The supply chain analytics  market is bifurcated on the basis of large enterprises and SMEs. The CAGR of the SMEs is estimated to be highest during the forecast period. Due to its flexibility, scalability, and lower costs, the supply chain analytics market for SMEs is predicted to grow. Supply chain analytics products and services would generate income for SMEs, produce the necessary results, and boost operational effectiveness. But still SMEs have three major obstacles, including finance, expertise, and scalability.

APAC to hold higher CAGR during the forecast period

Due to the expansion of e-commerce and real-time customer analytics, data is becoming an essential part of the supply chain ecosystem. There is a need for security since the amount of data is expanding so quickly. Organizations and governments are concentrating on a strong defence architecture in response to the rising incidence of cyberattacks and a developing cyberwar in the area. As Industry 4.0 and digital technologies develop, data is offering businesses a competitive edge, helping to address a number of supply chain sector challenges. Organizations may link and monitor every stage of the supply chain process, freely share data between departments, and get insights to improve efficiency and decision-making by implementing a digital supply chain strategy.

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Market Players

Major vendors in the global supply chain analytics market are SAP (Germany), Oracle (US), IBM (US), SAS Institute (US), Software AG (Germany), MicroStrategy (US), Tableau (US), Qlik (US), TIBCO (US), Cloudera (US), Logility (US), Savi Technology (US), Infor (US), RELEX Solutions (Finland), TARGIT(Denmark), Voxware (US), The AnyLogic Company (US), Antuit (US), Axway (US), AIMMS (Netherlands), BRIDGEi2i (India), Domo (US), Datameer (US), 1010data(US), Rosslyn Analytics(UK), Manhattan Associates (US), Salesforce (US), Zebra Technologies (US), Dataiku (US), Intugine Technologies (India), Lumachain (Australia), Hum Industrial Technology (US), Pafaxe (UK), SS Supply Chain Solutions (US),  and DataFactZ (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
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USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Data Integration Market Share, Trend, Global Industry Size, Price, Future Analysis, Regional Outlook To 2026

The global Data Integration Market size to grow from USD 11.6 billion in 2021 to USD 19.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period according to report published by MarketsandMarkets. 

Various factors such as rise in big data technologies and cloud computing technologies, increasing amount of on-cloud data and incapability of traditional data management tools are expected to drive the adoption of data integration solutions and services.

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The services segment to hold higher CAGR during the forecast period

Based on components, the data integration market is segmented into software and services. The services segment has been further divided into professional and managed services. These services play a vital role in the functioning of data integration, as well as ensure faster and smoother implementation that maximizes the value of the enterprise investments. The growing adoption of data integration is expected to boost the adoption of professional and managed services. Professional service providers have deep knowledge related to the products and enable customers to focus on the core business, while MSPs help customers improve business operations and cut expenses.

The marketing business application to hold the largest market size during the forecast period

With the advent of IoT and mobile technologies, the massive amount of data (big data in most cases) has compelled marketers to deploy tools and practices that can help them make sense of this data. Data integration supports this requirement by providing marketers a platform to consolidate the data captured from various sources into a useful format ready for analysis. Data integration enables marketers to integrate all their data collected from different marketing channels and feed it into an analysis tool that can analyze and extract relevant information for them. By using data integration tools, marketers can develop a customer-centric view and target their marketing efforts more precisely instead of dealing with different marketing channels against channel-specific metrics.

Healthcare and life sciences segment to have the largest market size during the forecast period

The data integration market by vertical has been categorized into banking, financial services, and insurance, retail and consumer goods, media and entertainment, IT and telecom, healthcare and life sciences, Government and defense, energy and utilities, and manufacturing. The healthcare and life sciences vertical is expected to have the largest market size during the forecast period.

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APAC to hold higher CAGR during the forecast period

The data integration market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players. China, India, and Japan have displayed ample growth opportunities in the data integration market.

Top Key Players:

The major vendors in the global data integration market include IBM(US), Microsoft(US), SAP(Germany), Oracle(US), SAS Institute(US), Talend(US), Informatica(US), Precisely(US), Software AG(Germany), Salesforce(US), Qlik(US), and Tibco(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
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Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Data Integration Market Share, Revenue, Drivers, Trends and Influence Factors Historical & Forecast Till 2026

The global Data Integration Market size to grow from USD 11.6 billion in 2021 to USD 19.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period according to report published by MarketsandMarkets. Various factors such as rise in big data technologies and cloud computing technologies, increasing amount of on-cloud data and incapability of traditional data management tools are expected to drive the adoption of data integration solutions and services.

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The services segment to hold higher CAGR during the forecast period

Based on components, the data integration market is segmented into software and services. The services segment has been further divided into professional and managed services. These services play a vital role in the functioning of data integration, as well as ensure faster and smoother implementation that maximizes the value of the enterprise investments. The growing adoption of data integration is expected to boost the adoption of professional and managed services. Professional service providers have deep knowledge related to the products and enable customers to focus on the core business, while MSPs help customers improve business operations and cut expenses.

The marketing business application to hold the largest market size during the forecast period

With the advent of IoT and mobile technologies, the massive amount of data (big data in most cases) has compelled marketers to deploy tools and practices that can help them make sense of this data. Data integration supports this requirement by providing marketers a platform to consolidate the data captured from various sources into a useful format ready for analysis. Data integration enables marketers to integrate all their data collected from different marketing channels and feed it into an analysis tool that can analyze and extract relevant information for them. By using data integration tools, marketers can develop a customer-centric view and target their marketing efforts more precisely instead of dealing with different marketing channels against channel-specific metrics.

Healthcare and life sciences segment to have the largest market size during the forecast period

The data integration market by vertical has been categorized into banking, financial services, and insurance, retail and consumer goods, media and entertainment, IT and telecom, healthcare and life sciences, Government and defense, energy and utilities, and manufacturing. The healthcare and life sciences vertical is expected to have the largest market size during the forecast period. The healthcare and life sciences vertical has always been overloaded with data, chiefly from patient, clinical, claim, hospital system, financial, pharmacy, and most recently from wearable technology sources. Leveraging this data can help develop a bulletproof plan to mitigate most of the existing diseases, improve patient care, develop new medicines, and identify new diseases.

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APAC to hold higher CAGR during the forecast period

The data integration market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of advanced analytics to have a competitive advantage over the established players. China, India, and Japan have displayed ample growth opportunities in the data integration market.

The major vendors in the global data integration market include IBM(US), Microsoft(US), SAP(Germany), Oracle(US), SAS Institute(US), Talend(US), Informatica(US), Precisely(US), Software AG(Germany), Salesforce(US), Qlik(US), and Tibco(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Artificial Intelligence Market To 2027 Industry Outlook, Growth Opportunities, Trends | Market Growth

Artificial Intelligence Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 36.2% during the forecast period, to reach USD  407.0 billion by 2027 from USD  86.9 billion in 2022 according to report published by MarketsandMarkets. Since its introduction in the market, artificial intelligence technology had quickly acquired acceptance. The worldwide artificial intelligence market is expanding significantly as a result of the increasing demand for artificial intelligence technologies across numerous industry verticals.

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As per verticals, the healthcare and life sciences segment to grow at highest CAGR during the forecast period

The artificial intelligence market is segmented on verticals into BFSI, IT/ITES, Telecommunication, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce, Government and Defense, Automotive Transportation and Logistics, Energy and Utilities, and other verticals, such as travel and hospitality, and education. As per verticals, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. Healthcare and life sciences, as an industry, is growing at a good pace and is expected to contribute significantly to the globally artificial intelligence market. Applications for artificial intelligence in healthcare include patient data and risk analysis, medical imaging and diagnostics, precision medicine, drug discovery, and much more. Patient data is expanding as a result of the widespread use of electronic medical records, and the risk analysis market is also expanding because to benefits like risk management and predictive analytics provided by AI systems to payers and healthcare providers.

Cloud Segment to grow at the highest CAGR during the forecast period

As per deployment mode, cloud Segment to grow at the highest CAGR for the artificial intelligence market during the forecast period. The artificial intelligence market by deployment mode is segmented into cloud and on-premises. Various advantages, such as lower operational expenses, hassle-free deployment, and more, are provided by the cloud deployment approach. With increasing awareness of the advantages of cloud-based solutions, cloud adoption for Machine Learning and Natural Language Processing tools in AI is anticipated to increase. It gives businesses more operational flexibility and makes real-time analytics implementation easier for businesses.

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As per region, North America to have the highest market size during the forecasted period

As per region, North America to have the highest market size during the forecasted period. The Americas AI digital age that has grown in the retail operation is the foundation of AI in industrial developments. All sectors of retail have seen an improvement in speed, productivity, and reliability, in large part due to cutting-edge data and advanced analytical technology that help businesses make decisions based on data. Businesses are now able to compile and assess individual customer data in order to run promotional campaigns because of cutting-edge AI technology. For this reason, regional retailers are using cutting-edge technology to improve their e-commerce platforms.

Market Players

Some of the major artificial intelligence market vendors are Google Inc. (US), Microsoft Corporation (US), NVIDIA Corporation (US), Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), IBM Corporation (US), Amazon Web Services, Inc. (US), Oracle (US), Meta (US), Salesforce (US), Cisco (US), Siemens (US), Huawei (China), SAP SE (Germany), SAS Institute (US), Baidu, Inc. (China), Alibaba Cloud (China), iFLYTEK (China), and Hewlett Packard Enterprise Development LP (US).

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About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™  or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 

Network Automation Technology Trends That Will Shape the Next Decade

Network Automation Market size is projected to grow from USD 2.9 billion in 2020 to USD 8.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 24.8% during the forecast period according to report published by MarketsandMarkets. The major factors driving the growth of the network automation market include increasing network traffic and cloud infrastructure leading to a significant transition in data centers, increasing adoption of connected devices, increasing adoption of automation technologies such as AI and machine learning, rising adoption of virtual and software-defined infrastructure, and surge in human error rates in manual systems causing network downtime. Network automation is an essential step for enterprises to implement a networking solution that grows smarter, responsive, and constantly adopts and protects the network.

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By component, the solutions segment to lead the market during the forecast period

An effective network automation solution must be multi-level, which should allow everything from virtual machines, to management of systems, to network discovery as required by an enterprise. Network automation is an essential step for enterprises to implement a networking solution that grows smarter, responsive, and constantly adopts and protects the network. Network automation consists of solutions including network automation tools and intent-based networking.

By solution, network automation tools segment to lead the market during the forecast period

Network automation tools are the software used for automating the deployment, management, testing, configuration, and operation of physical and virtual devices within the network. Network automation reduces the network operation cost by automating time-consuming manual compliance and configuration tasks. These tools help in enhancing the efficiency of the network operation, as they enable the IT team to deal with errors before they impact the network availability. They also enhance the security compliance of the network (by automating security compliance).

The manufacturing vertical to grow at a higher CAGR during the forecast period

In the manufacturing industry, network automation solutions are being deployed to optimize the networking of devices in manufacturing plants. In this modern era, manufacturers are building smart factories by leveraging technologies such as automation, AI, augmented reality, and IoT. These technologies are enabling the use of efficient network automation solutions, which help network operations teams to integrate siloed networks on manufacturing plant floors (by supporting validated data collection across variable protocols), improve troubleshooting and communication, and enhance network security.

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North America to hold the highest market size during the forecast period

North America is projected to lead the network automation market during the forecast period.  In North America, enterprises and service providers are continuously changing their network infrastructure to cope with advanced technologies. North America is home to many technological innovators. Most of the leading market players, such as Cisco, IBM, Juniper Networks, and NetBrain, have their headquarters in this region. These players provide effective network automation solutions worldwide and possess a huge customer base. North America is expected to remain a leader in the market, due to the rising demand for high-speed networks and increasing competition among major players in the networking industry for providing a better customer experience.

Key players operating in the Network Automation Market include Cisco, Juniper Networks, IBM, Micro Focus, NetBrain, Forward Networks, SolarWinds, VMware, BMC Software, Anuta Networks, Apstra, BlueCat, Entuity, Veriflow, Riverbed, Itential, Volta Networks, Sedona Systems, Kentik, SaltStack, NetYCE, Versa Networks, AppViewX, BackBox and 128 Technology. These players have adopted various organic and inorganic strategies to grow in the global network automation market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Call Center AI Market Size, Share & Growth | Trends [2027]

Call Center AI Market is projected to grow from USD 1.6 billion in 2022 to USD 4.1 billion by 2027; it is expected to grow at a CAGR of 21.3% % during 2022–2027 according to report published by MarketsandMarkets. AI can provide call center agents with robust historic data and insights about a customer, empowering agents to deliver cross-selling and up-selling opportunities. Organizations can also leverage AI-enabled chatbots and virtual agents to automate repetitive and manual processes, such as order placement, balance inquiries, general inquiries, technical assistance, and other customer services.

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The solutions segment to hold a larger market size during the forecast period

Based on components, the market size of the solutions segment is expected to hold a larger market share in 2022, while the services segment is projected to grow at a higher CAGR during the forecast period. Call center AI solutions ensure the strengthening of customer relationships, resulting in increased first call resolution rate and improved customer experience. Call center AI solutions ensure the strengthening of customer relationships, resulting in increased first call resolution rate and improved customer experience.

The SMEs segment is estimated to have a higher CAGR during the forecast period

The SMEs segment is projected to register a higher CAGR during the forecast period due to the growing need to enhance business processes, reach new customers, stay competitive and control their spending. Moreover, the growing need to enhance business processes, reach new customers, stay competitive, and control their spending to boost the growth of the call center AI solutions among SMEs.

The cloud segment is expected to have a higher CAGR during the forecast period

Based on deployment, the cloud segment is expected to have a higher CAGR during the forecast period. The cloud technology benefit of easy deployment and minimal capital requirement facilitates the adoption of the cloud deployment model. The increasing demand for scalable, easy-to-use, and cost-effective solutions is expected to boost the demand for cloud-based call center AI in the market. Call Center AI solutions are expected to accelerate the growth of the cloud segment in the call center AI market. Moreover, cloud-based call center AI solutions enable business operations to improve employee productivity and save OPEX. Hence, the cloud-based deployment mode is gaining traction in the coming years.

The workforce optimization segment is expected to have the highest CAGR during the forecast period

Based on application, The market size of the workforce optimization segment is estimated to be the largest as the rising need to train, schedule, and monitor the employee’s performance and effectively manage agent performance would drive the growth of the workforce optimization application in the market.

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Based on regions, the North America is expected to hold the largest market share during the forecast period

Based on Region, North America is expected to hold the largest market share as in North America call center AI solutions and services are highly effective in most organizations and verticals due to the increasing need to provide businesses with a way to operationalize and get more value from data assets. The increased smartphone adoption and technological advancements in the call centers boost the adoption across North America.

Key players offering Call Center AI market are IBM (US), Microsoft (US), Oracle (US), AWS (US), SAP (Germany), Google (US), Avaya (US), NICE (Israel), Nuance Communications (US), Genesys (US), 8x8 (US), Artificial Solutions (Sweden), Zendesk (US), Five9 (US), RingCentral (US), Talkdesk (US), Dialpad (US), Twilio (US), Kore.ai (US), Inbenta (US), Creative Virtual (UK), Haptik (India), Rulai (US), Pypestream (US), Avaamo (US), Senseforth.ai (US), Observe.AI (US), Yellow.ai (US), Ultimate.ai (Germany), and Cognigy (Germany).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

How is Network Slicing Impacting Future Growth Demand?

Network Slicing Market size is projected to grow from USD 161 million in 2020 to USD 1,284 million by 2025, at a Compound Annual Growth Rate (CAGR) of 51.5% during the forecast period according to report published by MarketsandMarkets. The network slicing market is gaining traction due to the evolution of cellular network technology which has offered higher data speeds and lower latency. The rapid rise in the volume of data being carried by cellular networks has been driven largely by consumer demand for video, and the shift of business toward the use of cloud services

There are significant growth opportunities for Network Slicing vendors. The commercialization of 5G services and availability of unlicensed and shared spectrum in the globe are expected to shape the future of the Network Slicing market.

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Services segment to grow at the highest CAGR during the forecast period

Services play a vital role in the deployment and integration of next-generation networking solutions in an enterprise’s business environment. Services are considered an important component of the network slicing market, as they majorly focus on improving the business processes and optimizing the enterprise’s network. Services are considered as the backbone of network slicing, as they are instrumental in fulfilling the clients’ requirements, such as network testing, planning and optimization, support and maintenance, and consulting

Automotive segment to grow at the highest CAGR during the forecast period

The automotive industry also makes use of the 5G technology to boost the productivity, enhance the efficiency, increase drive the brand loyalty, and offer autonomous and cooperative vehicles with significantly improved security standards and multimodal transportation solutions. The introduction of next-generation technologies, such as 5G gave birth to numerous applications, such as AR, virtual realityVR, and tactile internet.

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North America region to record the highest market share in the network slicing  market in 2020

North America is one of the most technologically advanced regions in the world. Consumers based in this region have readily adopted 4G-enabled smartphones that make the region as one of the established and most advanced mobile regions in the world. According to the Ericsson Mobility Report published in 2017, North America records the largest use of smartphones, and traffic per smartphone is expected to increase from 7.1GB per month by the end of 2017 to 48GB by the end of 2023. The increasing number of internet subscribers, expanding mobile data traffic, and growing government emphasis on enhancing telecommunications infrastructure to meet the users’ demand for seamless connectivity would drive the market to a great extent in the region. Further, the region is expected to be the early adopter of 5G services in areas such as AR/VR, autonomous driving, and AI owing to the high customer digital engagement.

Key and innovative vendors in the network slicing market include Nokia (Finland), Ericsson (Sweden), Huawei (China), ZTE (China), Samsung (South Korea), Blue Planet (US), Parallel Wireless (US), Affirmed Networks (US), Mavenir (US), Argela (Turkey), Cisco (US), HPE (US), Tambora Systems (Singapore), AMDOCS (US) and Aria Networks (UK)

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Pipeline Network Market 2024 Global Size | Future Outlook, Share, Trends, Type, Application

Pipeline Network Market size to grow from USD 8.5 billion in 2019 to USD 12.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period according to report published by MarketsandMarkets. Major growth drivers for the market include the rising demand for oil and gas from developing countries, growing demand for commercial off-the-shelf technology, rising big data and analytics trends, and need for maintaining Quality of Experience and Quality of Service of the overall pipeline transportation. Hence, an increase in the adoption rate of pipeline network management solutions across the globe is expected to lead to an increased demand for training, support, and maintenance services.

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By solution, the operation management and control segment to hold the largest market size during the forecast period

Operation management and control solutions remotely monitor pipeline operations and their performance. These solutions follow government regulations and compliance requirements related to the pipeline infrastructure and are integrated with advanced Information and Communications Technology (ICT) technologies to gain real-time control on ongoing pipeline operations. The growing demand for a transparent, real-time view of a complex pipeline operations for effective pipeline transportation is one of the major factors driving the demand for operation management and control solutions in the Pipeline network market.

By pipeline monitoring application, the leak detection segment to hold the largest market size during the forecast period

Pipeline leak detection is one of the major pipeline monitoring applications and is required to inspect cracks, leaks, and holes in the walls of the pipeline infrastructure. Incidents of liquid or gas spill are increasing day-by-day and a huge amount of liquid or gas can be released in the surrounding environment, which is hazardous to animals that live in the vicinity of the accident location. Liquid and gas companies look forward to avoid financial and human losses, due to pipeline leakage accidents; thereby, these companies adopt pipeline leakage management solutions. A growing need to avoid the loss of a significant amount of crude oil and gas due to pipeline leakage is a major growth factor for this segment.

By crude and refined petroleum end-user industry, the natural gas segment to account for the highest market share in 2019

Climate change and a demand for low carbon fuels aids the demand for natural gas across all sectors, especially power generation. An extremely extensive and elaborate transportation system is required for natural gas to be moved from the production end to the consumption end. Transportation systems consist of a complex network of pipelines designed to quickly and efficiently transport natural gas from its origin to areas of high natural gas demand. Hence, the growing demand for natural gas consumption for power generation to drive the demand for pipeline network management solutions in the natural gas end-user industry.

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North America to hold the largest market size during the forecast period

The US and Canada are contributing to the growth of the Pipeline network market in North America. Oil and gas companies, government bodies, and environmental agencies in the region are focused on preventing oil spills and gas leaks, which is one of the important addressable factors as the number of pipelines has increased in the US and Canada. This compels oil and gas companies to adopt pipeline network management solutions. Moreover, the presence of key vendors, such as Honeywell (US), GE (US), Emerson (US), Rockwell Automation (US), Cisco Systems (US), ORBCOMM (US), and Pure Technologies (Canada), in the region drives the growth of the Pipeline network market in North America.

Market Players

Major vendors in the Pipeline network market include Huawei (China), ABB (Switzerland), Siemens (Germany), Hitachi (Japan), Schneider Electric (France), PSI Software (Germany), Honeywell (US), GE (US), Wipro (India), Emerson (US), Cisco Systems (US), Rockwell Automation (US), Moxa (Taiwan), ORBCOMM (US), OptaSense (UK), Pure Technologies (Canada), Necon Group (Qatar), Sensornet (UK), Open Access Technology International (US), and KROHNE Group (Germany).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Metadata Management Tools Market: A Complete Business Guide

Metadata Management Tools Market size is projected to grow from USD 6.3 billion in 2021 to USD 15.1 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period according to report published by MarketsandMarkets. The major factors driving the growth of the metadata management tools market are the growing importance of centralized data management, the rising importance of metadata management in data security, and the increasing need for higher data quality and trusted analytics.

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Based on the Component, the tools segment to account for a larger market size during the forecast period

The metadata management tools market has been segmented by two components: tools and services. The deployment of metadata management tools has witnessed an increase in adoption, as it serves a variety of purposes, such as resource discovery and stringent non-compliance penalties on the breach of any confidential data that might be internal or external to the company in the developed countries of North America and Europe. The growing adoption of metadata management tools across all major verticals, such as retail, manufacturing, telecom and IT, and BFSI, fuel the growth of the metadata management tools market.

Based on application, the risk and compliance management segment is expected to hold the highest market size during the forecast period

The metadata management tools market has been segmented by application into data governance, risk and compliance management, incident management, product and process management and others (operations management, and employee performance data management). Among applications, the risk and compliance management segment is estimated to account for the largest market during the forecast period. Organizations use risk management applications to enhance their risk intelligence capabilities and address risk exposures.

Based on vertical, the BFSI segment is expected to hold the highest market size during the forecast period

Metadata management tools are gaining acceptance among all verticals to improve profitability and reduce overall costs. The major verticals adopting metadata management tools and services include BFSI, retail and consumer goods, government, telecom and IT, healthcare, manufacturing, energy and utilities, and transportation and logistics, and other verticals. BFSI, by vertical segment, to account for a larger market size during the forecast period The need for data governance solutions to centralize data and maintain it in compliance with rules and regulations to avoid any financial loss is expected to support the market growth across the BFSI vertical.

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North America to hold the highest market size during the forecast period

North America is estimated to account for the largest market share during the forecast period. In North America, data management and data governance solutions are considered highly effective by most organizations and verticals. On the other hand, Europe is gradually incorporating these advanced solutions within its enterprises. APAC is witnessing a substantial rise in the adoption of metadata management tools owing to the increasing digitalization and rising demand for centrally managed systems.

Major metadata management tools vendors include IBM (US), Microsoft (US), Oracle (US), SAP (Germany), ASG Technologies (US), Adaptive (US), Cambridge Semantics (US), CentricMinds (Australia), Collibra (US), Data Advantage Group (US), Informatica (US), GlobalIDS (US), TopQuadrant (US), Atlan (Singapore), erwin (US), Infogix (US), Syniti (US), Smartlogic (US), Solidatus(UK), Alation (US), Alex Solutions(Australia), Magnitude Software(US), Immuta (US), Data.World (US), Zeenea (France). These market players have adopted various growth strategies, such as partnerships, collaborations, and new product launches, to expand have been the most adopted strategies by major players from 2019 to 2021, which helped companies innovate their offerings and broaden their customer base.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Green Data Center Market 2026 Trends, Growth | Share, Size, Revenue, Outlook, and Risk

Green Data Center Market size is expected to grow from USD 49.2 billion in 2020 to USD 140.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period according to report published by MarketsandMarkets. The green data center market is gaining traction in various regions and has caught the eye of various organizations for deploying green data center solutions. In the present scenario, organizations have started taking green initiatives for their regular IT operations to save their money, making green data center as most popular initiatives. In an all-inclusive manner, a green data center comprises energy-efficient components, such as UPS, servers, and cooling systems.

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IT segment to hold the largest market size during the forecast period

The Information Technology (IT) includes green data center servers. The previous generation of servers used in data centers focused on attaining maximum processing power packed within minimum space. But, in the present scenario, with the rising cost of electricity and environmental conscience, companies have started focusing more on the power and cooling requirement of servers. Green servers refer to the energy-efficient servers that provide higher processing power, consume lesser energy, and are environment friendly. These green servers can help companies in reducing their data center electricity consumption and associated cost. HPE, Dell, and Cisco are some of the major players in the green server space. HPE’s ProLiant and Blade servers, Cisco’s UCS servers, and Dell’s Energy Smart servers, and Liebert Cooling Systems are some of the major offerings in this market. Chip-making giants, such as Intel, AMD, and ARM also contribute to these green initiatives by offering energy-efficient server chips for the green data centers. In this study report, green servers refer to one of the most important green data center solutions.

Design and consulting services segment to grow at the highest CAGR during the forecast period

Design and consulting services provide support for setting up and managing green data center infrastructure. These services provide expertise resources from the data center industry to help customers understand their green data center infrastructure better. They include identifying the requirement for electrical and power capacity, type of power solution, cooling and server solutions, along with related concerns and addressing customer requirements for better data center efficiency. Organizations are opting for consulting services for their projects that help them with mission-critical green data center infrastructure to achieve better power and IT capacity and efficient data centers.

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North America to account for the largest market size during the forecast period

The North America region holds a major portion of the green data center market in the forecast period. This geographical region is witnessing a significant increase in the adoption of advanced techniques and designs for data centers. Similarly, the presence of several key players and increasing startups are the factors for the growth of green data centers in the region. Also, organizations in this region are facing various issues with the increasing operational costs, rising energy consumption, and constraining IT budgets. To overcome these problems, companies have started adopting new and advanced green technologies for powering and cooling their data centers. North America is witnessing an enormous deployment of green data centers and reconstruction or upgradation of the existing data centers with green technologies. Also, it is observed that high-density data centers are being accepted much widely in this region. The top countries contributing to the green data center market in North America include the US and Canada. The US is expected to hold a higher market share, owing to the presence of major market players, including Vertiv, HPE, Green Revolution Cooling, Midas Green Technologies, Cisco, and many more. These players are focusing on introducing next-generation green data center solutions to attract customers, which is expected to further fuel the North American market.

The Green data center market comprises major solution providers, such as Schneider Electric (France), Vertiv (US), Hewlett Packard Enterprise (US), Green Revolution Cooling (US), Midas Green Technologies (US), Delta Electronics (Taiwan), Rittal (Germany), Eaton (Ireland), Cisco (US), Nortek Air Solutions (US), Dell Technologies (US), Asetek (Denmark), Airedale (UK), Lenovo (Hong Kong), Fujitsu (Japan), Cyber Power Systems (US), Super Micro (US), Tripp Lite (US), Inspur (China), CDP Energy (US), Bxterra Power Technology (US), ZutaCore (US), Submer (Spain), DCX The Liquid Cooling Company (Poland), and Liqit.io (Ukrain). These players adopt new product developments as their key growth strategy.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Pipeline Network Market 2024 Size, Share | Revenue, Business Growth, Demand

Pipeline Network Market size to grow from USD 8.5 billion in 2019 to USD 12.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period according to report published by MarketsandMarkets™. Major factors expected to drive the growth of the Pipeline network market include the rising demand for oil and gas from developing countries, growing demand for commercial off-the-shelf technology, rising big data and analytics trends, and need for maintaining Quality of Experience (QoE) and Quality of Service (QoS) of pipeline transportation.

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By solution, the operation management and control segment to hold the largest market size during the forecast period

Operation management and control solutions remotely monitor pipeline operations and their performance. These solutions follow government regulations and compliance requirements related to the pipeline infrastructure and are integrated with advanced Information and Communications Technology (ICT) technologies to gain real-time control on ongoing pipeline operations. The growing demand for a transparent, real-time view of a complex pipeline operations for effective pipeline transportation is one of the major factors driving the demand for operation management and control solutions in the Pipeline network market.

By pipeline monitoring application, the leak detection segment to hold the largest market size during the forecast period

Pipeline leak detection is one of the major pipeline monitoring applications and is required to inspect cracks, leaks, and holes in the walls of the pipeline infrastructure. Incidents of liquid or gas spill are increasing day-by-day and a huge amount of liquid or gas can be released in the surrounding environment, which is hazardous to animals that live in the vicinity of the accident location. Liquid and gas companies look forward to avoid financial and human losses, due to pipeline leakage accidents; thereby, these companies adopt pipeline leakage management solutions. A growing need to avoid the loss of a significant amount of crude oil and gas due to pipeline leakage is a major growth factor for this segment.

By crude and refined petroleum end-user industry, the natural gas segment to account for the highest market share in 2019

Climate change and a demand for low carbon fuels aids the demand for natural gas across all sectors, especially power generation. An extremely extensive and elaborate transportation system is required for natural gas to be moved from the production end to the consumption end. Transportation systems consist of a complex network of pipelines designed to quickly and efficiently transport natural gas from its origin to areas of high natural gas demand. Hence, the growing demand for natural gas consumption for power generation to drive the demand for pipeline network management solutions in the natural gas end-user industry.

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North America to hold the largest market size during the forecast period

The US and Canada are contributing to the growth of the Pipeline network market in North America. Oil and gas companies, government bodies, and environmental agencies in the region are focused on preventing oil spills and gas leaks, which is one of the important addressable factors as the number of pipelines has increased in the US and Canada. This compels oil and gas companies to adopt pipeline network management solutions. Moreover, the presence of key vendors, such as Honeywell (US), GE (US), Emerson (US), Rockwell Automation (US), Cisco Systems (US), ORBCOMM (US), and Pure Technologies (Canada), in the region drives the growth of the Pipeline network market in North America.

Market Players

Major vendors in the Pipeline network market include Huawei (China), ABB (Switzerland), Siemens (Germany), Hitachi (Japan), Schneider Electric (France), PSI Software (Germany), Honeywell (US), GE (US), Wipro (India), Emerson (US), Cisco Systems (US), Rockwell Automation (US), Moxa (Taiwan), ORBCOMM (US), OptaSense (UK), Pure Technologies (Canada), Necon Group (Qatar), Sensornet (UK), Open Access Technology International (US), and KROHNE Group (Germany).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

IoT Connectivity Market 2025 Share, Trend | Overview, Global Industry Size, Price

IoT Connectivity Market size to grow from USD 3.8 billion in 2019 to USD 8.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period according to report published by MarketsandMarkets™. Major factors expected to drive the growth of the IoT connectivity market include an increase in demand for connected devices; the need for reliable, secure, and high-speed network connectivity; and ability to integrate the standalone and non-standalone components of IoT ecosystem.

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Based on component, services segment to record a higher growth rate than the platform segment during the forecast period

Base on the component, the services segment is expected to grow at a higher rate than the platform segment during the forecast period. The services segment has a significant influence on the IoT connectivity market growth. The demand for services is increasing with the growing adoption of IoT connectivity by enterprises across major application areas. These services assist end-users in reducing costs, increasing overall revenues, and improving business performance. With the help of these services, organizations can connect their edge devices effectively.

Among services, managed services segment to register a higher growth rate than the professional services segment during the forecast period

Among services, the managed services segment is expected to witness a higher growth rate than the professional services segment during the forecast period. Managed services help clients manage their IoT connectivity operations from consultancy to deployment and maintenance. The prime responsibility of the managed services providers is to improve the efficiency of inbound and outbound operations cost-effectively for enterprises.

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North America to account for the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period. The US has emerged as the largest market for IoT connectivity due to the large-scale implementation of the technology by organizations and enterprises in the country. The high pace of digital transformation, along with the high growth of IoT, Artificial Intelligence (AI) and cloud computing, is attributing to the fast growth of the IoT connectivity market in the US.

Top Key Players:

Key and emerging market players include AT&T (US), Cisco (US), Verizon (US), Vodafone (UK), Ericsson (Sweden), Sierra Wireless (Canada), Orange (France), Telefónica (Spain), Huawei (China), Telit (Italy), Hologram (US), Particle (US), Aeris (US), Sigfox (France), EMnify (Germany), and Moeco (US). These players have adopted various strategies to grow in the IoT connectivity market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Sensitive Data Discovery Market 2026 Trends, Growth | Share, Size, Revenue, Outlook

Sensitive Data Discovery Market size to grow from USD 5.1 billion in 2020 to USD 12.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period according to report published by MarketsandMarkets. Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations, and rise in remote workers and real-time data access are expected to drive the adoption of the sensitive data discovery solutions and services.

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Businesses providing sensitive data discovery solutions and services are expected to witness a minor decline in their growth for a short span of time. However, the focus on vaccine development, adoption work from home initiatives, and eHealth are leading to explosion of structured and unstructured data, which needs to be discovered and managed efficiently to derive insights. The market would witness a minimal slowdown in 2020, followed by positive growth during the forecast period. The global spread of COVID-19 has led to numerous privacy, data protection, security, and compliance questions. The increasing challenge of companies to maintain Personally Identifiable Information (PII) privacy violations and derive actionable insights and changes during COVID-19 would provide opportunities for the market growth.

The cloud segment to grow at a higher CAGR during the forecast period

The sensitive data discovery market by deployment mode has been segmented into on-premises and cloud. Cloud is further segmented by type in a public cloud, private cloud, and hybrid cloud. The cloud segment is expected to grow at a rapid pace during the forecast period. The high CAGR of the cloud segment can be attributed to the availability of easy deployment options and minimal requirements of capital and time. These factors are supporting the current lockdown scenario of COVID-19 as social distancing, and lack of workforce hit the industry and are expected to drive the adoption of cloud-based sensitive data discovery solutions. Highly secure data encryption and complete data visibility and control feature are responsible for the higher adoption of on-premises-based sensitive data discovery solutions.

 The services segment to grow at a higher CAGR during the forecast period

The sensitive data discovery market is segmented on the basis of components into solutions and services. Services are further segmented into professional and managed services. Professional services include consulting, deployment and integration, and support and maintenance services. The demand for professional services is expected to rise due to a rise in tailored demand for customers. Customers are coming up with customization requirements in the already installed sensitive data discovery solutions to enhance the overall performance.

Among verticals, the healthcare and life sciences segment to grow at the highest CAGR during the forecast period

The sensitive data discovery market is segmented on verticals into BFSI, government, healthcare, and life sciences, retail, manufacturing, telecommunications and IT, and other verticals (education, and travel and hospitality). The BFSI vertical is expected to account for the largest market size during the forecast period. Moreover, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. During the COVID-19 pandemic, healthcare researchers and hospitals are dealing with enormous data, which has created a massive need for efficient sensitive data discovery and management. Sensitive data discovery enables healthcare companies to locative sensitive data such as Protected Health Information (PHI)  that were traditionally impossible to handle.

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North America to hold the largest market size during the forecast period

North America is the largest revenue contributor to the global sensitive data discovery market. The region is witnessing significant developments in the sensitive data discovery market. Many sensitive data discovery solution providers are adopting various growth strategies to strengthen their positions in the market. The US government has provided support by promoting an ideal environment for research and innovation, leading to advancements in various fields of science and technology. The growth of the region can also be attributed to the growing focus of companies to analyze sensitive or regulated information which support real-time analytics. APAC has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period.  The growing awareness for data security and privacy among organizations in key countries, such as China, India, and Japan, is expected to fuel the adoption of sensitive data discovery solutions and services. The commercialization of the Artificial Intelligence (AI) and Machine Learning (ML) technology, giving rise to increased data generation, and the need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of sensitive data discovery solutions in the region.

Major vendors in the global sensitive data discovery market include IBM (US),Microsoft (US),Oracle (US), AWS (US), Proofpoint (US), Google (US), SolarWinds (US), Micro Focus (UK), PKWARE (US), Thales (France), Spirion (US), Egnyte (US), Netwrix (US), Varonis (US), Digital Guardian (US), Solix (US), Immuta (US), MENTIS (US), Ground Labs (US), Hitachi (Japan), Nightfall (US), Securiti (US), DataGrail (US), Dathena (Singapore), BigID (US), DataSunrise (US), and 1touch.io (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Network Function Virtualization Market 2024 Emerging Trends | Challenges, Application Scope, Size, Status

Network Function Virtualization (NFV) Market size is expected to grow from USD 12.9 billion in 2019 to USD 36.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.9% during the forecast period according to report published by MarketsandMarkets™. The demand for network virtualization and automation and emergence of cloud services, data centers consolidation, and server virtualization are some of the major drivers of this market.

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Among end user , the enterprises segment to grow at the highest CAGR during the forecast period

Enterprise customers are rapidly adopting NFV architecture, as it offers significant benefits such as improved network efficiency through centralized management, enhanced IT agility, and network customization through fast and reliable application services. These customers have been categorized into various verticals, including Banking, Financial Services, and Insurance (BFSI), manufacturing, retail, healthcare, education, IT-enabled services, and government and defense. In the present scenario, the deployment of NFV is prevalent across IT-enabled services, BFSI, and retail verticals.

Under services, the implementation segment to grow at the highest CAGR during the forecast period

Implementation services add value to the network infrastructure of businesses. These services assist end users in optimizing their network operations effectively. In addition to this, they help enhance service delivery and manage network performance monitoring and management costs. They support companies in efficiently deploying and managing the implementation of new solutions. NFV vendors are also providing migration services that play a vital role in integrating and deploying NFV.

End users such as telecom service providers face a skills gap when it comes to implementing NFV, thereby paving the way for new players with niche capabilities in executing virtual networks. These players offer implementation services, which include the implementation of NFV solutions in users’ infrastructure. With the increasing awareness of the capabilities of various vendors in the NFV market among end users, the demand for implementation services is expected to increase. As already witnessed, with the move toward LTE and 5G spectrum, NFV has already become the invariable choice of network architecture for most end users. Some of the leading NFV implementation service providers are Huawei, Nokia, and Cisco.

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North America to lead the NFV market during the forecast period

Based on regions, North America is expected to lead the NFV market during the forecast period. It is a market with high growth potential in NFV. The NFV market in North America is aided by the early and fast adoption of technologies, such as cloud computing, Software-Defined everything (SDx), and IoT. High industrialization in countries such as the US and Canada has always been a positive factor for aiding fast growth in various business verticals. The countries in North America have favorable standards and networking regulations that help in boosting the NFV market growth. North America is a home for numerous NFV infrastructure providers, including Cisco, IBM, Juniper Networks, and Extreme Networks. It is also a potential market for investment opening up new opportunities for the adoption of NFV infrastructure. Due to increased 5G deployments, the adoption of NFV is increased in the region. However, in NFV, the control of the whole network is with the controller; hence, the deployment requires various organizational, functional, and cultural changes within organizations.

Top Key Players:

Major NFV vendors providing a host of solutions and services include Cisco (US), Ericsson (US), Huawei (China), VMware(US), Nokia (Finland), HPE (US), Dell EMC (US), Juniper Networks (US), Affirmed Networks (US), NETSCOUT (US), NEC (Japan), Ribbon Communications (US), ZTE Corporation (China), Fujitsu (Japan), Ciena (US), ECI Telecom (Israel), Metaswitch (UK), Mavenir (US), Radisys (US), and Wind River (US). The study included an in-depth competitive analysis of these key players, along with their company profiles, recent developments, and key growth strategies.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441