Monday 31 December 2018

Cognitive Analytics Market size is expected to grow $ 10.95 billion by 2022 at a CAGR of 42.9%


According to the new market research "Cognitive Analytics Market by Application (Fraud and Risk Management, Customer Analysis and Personalization, and Sales and Marketing Management), Component, Deployment Model, Organization Size, Industry, and Region - Global Forecast to 2022", published by MarketsandMarkets™,  The cognitive analytics market is expected to grow from USD 1.84 Billion in 2017 to USD 10.95 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 42.9% during the forecast period.

The major forces driving the growth of the cognitive analytics market are the rise in the adoption of the cognitive computing technology, increasing volumes of complex data, and the introduction of advanced analytics techniques. The cognitive analytics market is growing rapidly because cognitive analytics can manage large volumes of data that might be structured, unstructured, or semi-structured. Companies deploy cognitive analytics tools and services to get hold of data sets with higher volumes and varieties. These data sets, when managed properly using cognitive analytics tools, can provide actionable human-like insights to any business user, even if he/she is not tech-savvy.

Browse and in-depth TOC on "Cognitive Analytics Market"
70 - Tables
40 - Figures
162 - Pages

Fraud and risk management application is expected to grow at the highest CAGR during the forecast period.

Cognitive analytics tools and services are used for various applications, which include customer analysis and personalization, sales and marketing management, fraud and risk management, asset maintenance, supply chain management, and others (network management and workforce management). The fraud and risk management application is expected to witness the highest CAGR during the forecast period because it helps companies analyze and clarify often ambiguous and uncertain data, and find the known and unknown risk indicators. By combining the data processing ability with learning capabilities, cognitive systems can detect deep hidden anomalies and patterns, which are almost impossible to detect with the traditional approaches.

Healthcare and life sciences industry is estimated to have the largest market size in 2017.

By industry, the cognitive analytics market is segmented into Banking, Financial Services, and Insurance (BFSI); healthcare and life sciences; retail and consumer goods; telecommunications and IT; government and defense; manufacturing; energy and utilities; media and entertainment; and others (real estate, travel and hospitality, and academia). Out of these industries, the adoption of cognitive analytics is expected to be the largest in the healthcare and life sciences industry, as cognitive analytics enables organizations in this industry to accelerate the scientific discoveries, transform clinical trials, and improve the execution and engagement for better care management.

North America is expected to dominate the cognitive analytics market during the forecast period.

North America is estimated to have the largest share of the cognitive analytics market in 2017, due to technological advancements and the early adoption of analytical solutions in this region. The market size in Asia Pacific (APAC) is expected to grow at the highest CAGR from 2017 to 2022. The primary driving forces for this growth are the growing volumes of business data and the increasing need for competitive insights across industry verticals in the APAC countries, especially in India, China, and Japan.


The report also encompasses the different strategies, such as mergers and acquisitions, partnerships and collaborations, and product developments, adopted by the major market players to increase their shares in the market. Some of the major technology vendors include IBM (US), Amazon Web Services (US), Google (US), Microsoft (US), Oracle (US), SAS Institute (US), Intel (US), Cisco Systems (US), HPE (US), Nuance Communications (US), IPsoft (US), Narrative Science (US), Nokia (Finland), Sinequa (France), and Persado (US).

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Thursday 27 December 2018

Facial Recognition Market size is expected to grow $ 7.76 billion by 2022 at a CAGR of 13.9%


According to the new market research report "Facial Recognition Market by Component (Software Tools and Services), Technology, Use Case (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), End-User, and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global facial recognition market is expected to grow from USD 4.05 Billion in 2017 to USD 7.76 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.9%.

The increased need for enhanced surveillance and monitoring at public places and the increased use of facial recognition technologies in industries, such as the government are expected to be driving the facial recognition market growth. Facial recognition technologies are used to minimize the threats associated with terrorism and border securities. The growing need for surveillance at public places is expected to be one of the major factors that drives the growth of the facial recognition market.

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

Due to the growing awareness among enterprises about the features of facial recognition technologies and the rising need for a more secured biometric system, the demand for facial recognition system is said to be increasing globally. Facial recognition services play a vital role in face detection and recognition, and comprise training and consulting services and cloud-based facial recognition services. Facial recognition services are offered for governments, homeland security, military, retail, and healthcare.

Browse and in-depth TOC on "Facial Recognition Market"
82 - Tables
37 - Figures
156 - Pages

“The on-premises deployment model is expected to exhibit a larger market share during the forecast period”

The on-premises deployment model is contributing the most, when compared with the cloud deployment model. This is due to its acceptance among enterprises across verticals and in this deployment mode, the solution is deployed on the client’s system, thereby insuring them with data security & compliance. On-premises deployment offers more flexibility and control over enterprises and can be regulated by clients themselves.

“Europe is expected to witness a high growth potential during the forecast period”

North America held the largest market share in 2016, while Europe would be the fastest-maturing in terms of CAGR. Since newly introduced electronic signature regulations in Europe would boost cross-country trading among the European countries, the need for secure reliable transactions, authenticating the identity of the user over digital network, and the new release of regulations for electronic signatures by the European Electronic Messaging Association are driving the adoption of digital signature solutions in Europe.


The facial recognition market report encompasses the competitive landscape, which presents the positioning of the 25 key facial recognition vendors based on their product offerings and business strategies. Some of these major vendors include Aware (US), NEC Corporation (Japan), Ayonix Corp. (Japan), Cognitec Systems (Germany), KeyLemon (Switzerland), nViso (Switzerland), Herta Security (Spain), Techno Brain (Kenya), Neurotechnology (Lithuania), Daon (US), Animetrics (US), 3M Company (US), IDEMIA (France), and Gemalto (Netherlands).

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Friday 21 December 2018

Security Testing Market size is expected to grow $ 7.61 billion by 2021 at a CAGR of 18.1%


According to the new market research report "Security Testing Market by Type (Network, Application, and Device), Tool (Penetration Testing, Web Testing, Automated Testing, and Code Review), Deployment Mode (Cloud and On-Premises), Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, the security testing market is estimated to grow from USD 3.31 Billion in 2016 to USD 7.61 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.1%.

The major forces driving the security testing market are need for protection of valuable assets such as web & mobile applications and government mandates and regulatory compliances. The security testing market is growing rapidly because of the growing security needs of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends and increased deployment of web & cloud-based business applications.

Application security testing to grow at the highest CAGR from 2016 to 2021

Application security testing is expected to witness the highest CAGR in the global security testing market during 2016–2021. Application security testing solutions are used to secure web and mobile applications deployed by organizations for efficient business operations. Moreover, the emerging IoT and BYOD trends have connected a large number of applications that are susceptible to vulnerabilities and Advanced Persistent Threats (APTs). Thus, the security of these applications is the prime objective of organizations.

Browse and in-depth TOC on "Security Testing Market"
80 - Tables
45 - Figures
147 - Pages

Government and public utilities vertical to have the largest market size in 2016

The security testing market has been also segmented into various industry verticals; out of which, the adoption of security testing solutions is expected to be the highest in the government and public utilities vertical as the critical data and applications used by the vertical are prone to advanced threats. Moreover, security testing for Banking, Financial Services, and Insurance (BFSI), retail, and IT & telecom verticals are expected to gain traction during the forecast period.

North America is expected to dominate the security testing market in 2016

North America is expected to hold the largest share of the security testing market in 2016 due to the technological advancements and early adoption of security testing in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The major driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India and China.


The major players offering MMS are AT&T, Fujitsu, IBM Corporation, Wipro, Orange S.A., Hewlett Packard, and others. Moreover, there are various key innovators in the market that provide innovative MMS.

The market on the basis of function is segmented into Device and System Management, Mobile Service Management, and Sourcing and Logistics Management. On the basis of organization size, the market is classified into SME and Enterprise. Further, the MMS market is also segmented based on industrial verticals and regions. The scope of the report covers detailed information regarding the major factors influencing the growth of the MMS market, such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and competitive landscape associated with the MMS market.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Thursday 20 December 2018

Managed Mobility Services Market size is expected to grow $ 19.40 billion by 2021 at a CAGR of 33.6%


According to the new market research report "Managed Mobility Services Market by Function (Device Management, Application Management, Security Management, and Maintenance & Support), by Organization Size (SME and Enterprise), Industry Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™,  the Managed Mobility Services (MMS) market is expected to grow from USD 4.56 Billion in 2016 to USD 19.40 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 33.6%.

The MMS market growing and is expected to rise considerably due to the enhancement and innovation of technology in this sector. Moreover, the demand for Bring Your Own Device (BYOD) is increasing among workforce to access business information through personal devices, which is encouraging organizations to adopt MMS for managing enterprise mobility. There has been a rise in the demand of MMS solutions that can be optimized on real-time basis, so that the needed information can be accessed and completed without any delay. Therefore, MMS plays a significant part in mobility value chain and is being implemented by most of the organizations globally.

Browse and in-depth TOC on "Managed Mobility Services Market"
68 - Tables
50 - Figures
154 - Pages

“Device Management segment (Device and System Management, Mobile Service Management, and Sourcing and Logistics Management) is expected to gain market prominence during the next five years”

The device management segment by function is expected to hold the largest market share during the forecast period. More than half of the total MMS market revenue is contributed by device management and the trend is expected to continue during the entire forecast period. This is mainly due to significant rise in the adoption of BYOD among organizations to gain competitive advantage. The mobile device management is expected to grow due to the extensive usage of mobile devices for accessing business content. The security management is also projected to show great growth opportunities with a high CAGR during the forecast period.

“The market in APAC is expected to be grow the fastest-”

Considering the regional trends of the MMS market, North America is projected to hold the largest market size. The market in APAC is the fastest growing regional MMS market. This is mainly attributed to the presence of many developing countries and infrastructure in this region. The Latin America and MEA regions also depict great potentials in terms of adoption of MMS security management services.


The major players offering MMS are AT&T, Fujitsu, IBM Corporation, Wipro, Orange S.A., Hewlett Packard, and others. Moreover, there are various key innovators in the market that provide innovative MMS.

The market on the basis of function is segmented into Device and System Management, Mobile Service Management, and Sourcing and Logistics Management. On the basis of organization size, the market is classified into SME and Enterprise. Further, the MMS market is also segmented based on industrial verticals and regions. The scope of the report covers detailed information regarding the major factors influencing the growth of the MMS market, such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and competitive landscape associated with the MMS market.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Wednesday 19 December 2018

Digital Transformation Market size is expected to grow $ 493.39 billion by 2022 at a CAGR of 19.1%


According to the new market research report "Digital Transformation Market by Component (Solution (Cloud Computing, Big Data & Analytics, Mobility, Disruptive Technologies, and Social Media) and Service), End User, Deployment Type (On-premise and Cloud), Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the digital transformation market is projected to grow from USD 205.99 Billion in 2017 to USD 493.39 Billion by 2022, at a CAGR of 19.1% from 2017 to 2022.

The market is primarily driven by innovation in businesses, changing customer preferences, the proliferation of mobile devices & apps, increasing penetration of IoT, and rising adoption of the cloud platform.

Based on component, the service segment is expected to witness the highest CAGR during the forecast period

Based on component, the digital transformation market has been segmented into solution and service. The service segment is expected to witness the highest growth rate during the forecast period due to the increasing need for professional services and system integration.

Browse and in-depth TOC on "Digital Transformation Market"
61 - Tables
38 - Figures
133 - Pages

Based on deployment type, the cloud segment is expected to witness the highest CAGR during the forecast period

Based on deployment type, the digital transformation market has been segmented into on-premise and cloud. The cloud segment is expected to witness the highest growth rate during the forecast period. Cloud computing solution enables easy access to data and information from anywhere and anytime. It also involves pay per use, which is cost effective for an organization.

Based on end user, the SMBs segment is projected to grow at the highest CAGR during the forecast period

Based on end user, the SMBs (small & medium businesses) segment of the digital transformation market is estimated to witness a higher growth rate than the enterprises segment during the forecast period. SMBs predominantly opt for SaaS-based digital transformation solutions as these solutions are cost-effective and require basic IT infrastructure.

Based on vertical, the education segment is expected to witness the highest CAGR during the forecast period

Based on vertical, the education segment of the digital transformation market is projected to grow at the highest rate in the coming years. The education vertical includes academic and research industries. Increasing demand for platform independent or cross-platform applications from the education vertical translates into huge growth opportunities for the digital transformation solution vendors.



North America is estimated to lead the digital transformation market in 2017

North America is estimated to lead the digital transformation market in 2017. An early adopter of cloud technologies, the region has advanced infrastructure capabilities, which have helped in supporting the adoption of digital transformation solutions and services. Digital transformation requires a very agile and flexible IT support, which is present in the majority of companies in this region.

The report encompasses the competitive landscape, which presents the positioning of 25 key vendors of digital transformation solutions and services, based on their product offerings and business strategies. Some of the major solution and service vendors include Cognizant (US), SAP (Germany), Dell EMC (US), Microsoft (US), Adobe Systems (US), Accenture (Ireland), Capgemini (France), IBM (US), Oracle (US), Google (US), HPE (US), and CA Technologies (US).

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Tuesday 18 December 2018

Telecom Service Assurance Market size is expected to grow $ 7.01 billion by 2021 at a CAGR of 10.3%

According to the new market research report "Telecom Service Assurance Market by Software (Probe Monitoring, Fault & Event Management, Quality & Service Management, Network Performance Monitoring, and Workforce Management), Service, Organization Size, Deployment Type - Global Forecast to 2021", published by MarketsandMarkets™, the telecom service assurance market size is estimated to grow from USD 4.30 Billion in 2016 to USD 7.01 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period.

The key forces driving the telecom service assurance market include need for high optimization & increased cost savings, voluminous increase in the number of subscribers, and ability to measure the performance of a service & Quality-of-Service (QoS). Moreover, with the subsequent increase in the adoption rate of cloud service assurance, the telecom service assurance market is expected to gain major traction during the forecast period.



Probe monitoring software is expected to have the largest market share in 2016.

The probe monitoring software is an important part of the telecom service assurance ecosystem. Probe monitoring helps the clients to check the network and applications for any discrepancy as a method of pre-intimation. The demand in this segment is largely driven by infrastructure network upgrades, triple digit growth of data services in the developed economies, and a robust subscriber growth in the emerging markets.

Browse and in-depth TOC on "Telecom Service Assurance Market"
68 - Tables
62 - Figures
151 - Pages

Managed services segment is expected to grow at the highest rate during the forecast period.

The managed services segment in the telecom service assurance market is expected to grow at the highest rate during the forecast period. Various managed services, such as Information Technology (IT) outsourcing, business process outsourcing, and delivery management help in a fast and smooth operational flow for the Communication Service Providers (CSPs), thereby reducing their operational cost. Small and Medium Enterprises (SMEs) are increasingly getting inclined towards outsourcing services to support their business requirements to focus on their core business functions. Thus, these services not only help the client in streamlining its business process but also negate the hassles of operations, thereby increasing the efficiency and profitability for the clients.

North America is expected to contribute to the largest market share; Asia-Pacific to grow the fastest.



North America is expected to hold the largest market share and dominate the telecom service assurance market from 2016 to 2021, owing to the early adoption of new & emerging technologies, and the presence of large number of players in this region. Growth in this region is driven by the expansion of Long-Term Evolution (LTE) networks in the region. CSPs are looking for new innovative solutions to standardize their new 4G/LTE business models, provide better customer service, and measure the service quality & performance. The Asia-Pacific (APAC) region is in the initial growth phase; however, it is the fastest growing region for the global telecom service assurance market. The key reason for the high growth rate in APAC is the enormous population of this region, which has led to an extensive pool of subscriber base for the telecom companies.


Key players operating in the workflow orchestration market include Microsoft (US), IBM (US), Cisco Systems (US), Oracle (US), VMware (US), CA Technologies (US), Arvato AG (Germany), BMC Software (US), ServiceNow (US), Micro Focus (UK), Dalet SA (France), and Ayehu Software Technologies (US).

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Monday 17 December 2018

Workflow Orchestration Market size is expected to grow $ 50.82 billion by 2022 at a CAGR of 29.8%

According to the new market research report "Workflow Orchestration Market by Type (Cloud Orchestration, Data Center Orchestration, Business Process Orchestration, and Security Orchestration), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the workflow orchestration market is estimated to be USD 13.81 Billion in 2017 and is projected to reach USD 50.82 Billion by 2022, at a CAGR of 29.8% from 2017 to 2022.

The growth of the workflow orchestration market can be attributed to the need to achieve improved business outcomes and enhance operational efficiency as well as productivity level.

Based on type, the business process orchestration segment of the workflow orchestration market is expected to witness the highest growth during the forecast period.

Based on type, the business process orchestration segment is projected to grow at the highest CAGR during the forecast period. Business process orchestration refers to modeling, implementing, integrating, and monitoring of custom process applications. It enables organizations to significantly reduce time and cost needed to model and implement business processes, services, and applications. Thus, the adoption of business process orchestration by enterprises worldwide is projected to drive the growth of the business process orchestration segment.

Browse and in-depth TOC on "Workflow Orchestration Market"
65 - Tables
39 - Figures
118 - Pages

Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the workflow orchestration market is expected to grow at the highest CAGR during the forecast period.

Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the workflow orchestration market is projected to witness the highest growth during the forecast period. This growth can be attributed to the adoption of workflow orchestration by SMEs to streamline business processes, reduce downtime, and improve business efficiency.

Based on vertical, the IT & telecommunication segment is estimated to lead the workflow orchestration  market in 2017.

Based on vertical, the IT & telecommunication segment is estimated to lead the workflow orchestration market in 2017. Companies in the IT & telecommunication vertical are focused on the implementation of cloud-based business support systems. Leading telecommunication companies are transforming their business functions by adopting workflow orchestration to ensure high level of customer interaction and reduce manual workload.

North America is estimated to lead the workflow orchestration market in 2017.

North America is estimated to lead the workflow orchestration market in 2017. The growth of the workflow orchestration market in North America is primarily driven by the presence of key players, such as IBM (US), VMware (US), Microsoft (US), Oracle (US), and BMC Software (US), offering workflow orchestration solutions in this region. The digitalization of organizations has created an opportunity to refine and streamline various business activities through workflow automation and orchestration. Several organizations in North American countries are opting for workflow orchestration to reduce operational costs and achieve improved business outcomes, which, in turn, is expected to drive the growth of the workflow orchestration market in this region.


Key players operating in the workflow orchestration market include Microsoft (US), IBM (US), Cisco Systems (US), Oracle (US), VMware (US), CA Technologies (US), Arvato AG (Germany), BMC Software (US), ServiceNow (US), Micro Focus (UK), Dalet SA (France), and Ayehu Software Technologies (US).

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com