BYOD & Enterprise Mobility Market by Software & Security - 2021

Mobile device management software to play a key role in the BYOD and enterprise mobility market by 2021

The mobile device management software has the largest market share in the BYOD and enterprise mobility software market during the forecast period. Its market share is expected to grow because of the rapid increase in the use of mobile devices for personal as well as professional work. Mobile device management has allowed organizations to deploy, monitor, integrate, and manage mobile devices in the workplace.

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The need to mitigate security risks will drive the  identity access management market

Security concerns in BYOD and enterprise mobility drives the mobility security market. Among enterprise mobility security market, identity access management market is expected to grow at the highest rate, followed by mobile content security market. Identity access management provides authorized individuals to access to resources and manages and monitors user activities to protect company information.

The North American region is expected to contribute the largest market share in the BYOD and enterprise mobility market

North Americais expected to hold the largest market share in the BYOD and enterprise mobility market during the forecast period. This is because of the huge acceptance of BYOD and enterprise mobility services by the enterprises. The increasing innovative developments in technologies are benefiting all the stakeholders present in the BYOD and enterprise mobility market ecosystem in this region.

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The major vendors in the BYOD and enterprise mobility market are Microsoft (Washington, U.S.), Cisco (California, U.S.), IBM (New York, U.S.), SAP SE (Walldorf, Germany), Infosys (Bengaluru, India), Oracle (California, U.S.), TCS (Mumbai, India), Blackberry (Ontario, Canada), Tech Mahindra (Pune, India), HCL (Noida, India), and AT&T (Texas, U.S.).

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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 5000 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.
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Mobile Money Market worth $112.29 Billion by 2021- Report by MarketsandMarkets™

According to the new market research report "Mobile Money Market by Transaction Mode (NFC/Smartcard, SMS, Mobile Apps), Nature of Payment (Person to Person, Person to Business, Business to Person, and Business to Business), Location, Type of Purchase, Industry & Region - Global Forecast to 2021", The mobile money market size is estimated to grow from USD 21.15 Billion in 2016 to USD 112.29 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 39.64% from 2016 to 2021.

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Technological advancement in mobile devices, indispensable requirement to have ubiquitous access to financial solutions, rising use of non-cash payments, creation of new business avenues for stakeholders, evolving demographic needs across regions, rising use of mobile money services across businesses are some of the driving forces in the mobile money market.

Mobile apps to play a key role in the mobile money market by 2021

Mobile apps are expected to have the largest market share in the mobile money market during the forecast period. Mobile apps market share is expected to rise because these are built on software which are compatible for use in smartphones and can be easily operated. Functions such as send, receive, and withdraw money as well as view account information and manage contacts can be done with these simple apps.

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Person to business nature of payment expect to have the highest growth rate

In the nature of payment segment, the person to business sub-segment is expected to grow at the highest rate followed by business to business. This nature of payment is most prominently observed in case of e-commerce dealings, online shopping, bill payments, and air time transfers done over mobile devices. It is expected to grow at fast rate because the rate of transactions is high considering the high user base of the mobile-based ecommerce market.

Asia-Pacific region expected to contribute the largest market share in the mobile money market

Asia-Pacific is expected to account for the largest market share in the mobile money market in the forecast period 2016–2021. This is because of large-scale acceptance of mobile money services by the users along with the escalating advancements in regulations and technologies benefitting all the stakeholders present in the mobile money ecosystem in this region with a vast number of mobile subscribers present in this region.

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The major vendors in the mobile money market are Vodafone Group Plc, Gemalto, FIS, Google Inc., Mastercard Incorporated, Bharti Airtel Limited, Orange S.A., Monitise Plc, Mahindra Comviva, and PayPal.

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.

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eDiscovery Market - Detailed Analysis and Forecast by 2023

The report "eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023", The global eDiscovery market size is expected to grow from USD 10.76 Billion in 2018 to USD 17.32 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period.

The growth of the eDiscovery market is expected to be driven by many factors, such as focus on proactive governance with data analytics and emergence of new content sources, need to decrease operational budget of legal departments, increase in number of litigations across the globe, growth in compliance requirements and data protection regulations, and the proliferation of Internet of Things (IoT) devices across verticals and overabundance of stored data. With the increasing adoption rate of IoT and big data among enterprises, the eDiscovery market is expected to gain major traction during the forecast period.

Among components, the services segment is expected to hold the larger market size during the forecast period

The demand for eDiscovery services is expected to increase due to their significant benefits that include huge cost savings, trained resources, 24X7 availability of customer service, and support for legal research using eDiscovery software. With the increasing penetration of big data, IoT, edge computing, analytics cloud, and related technologies, the demand for eDiscovery services among enterprises is expected to gain a huge traction.

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Under the deployment type, the on-premises deployment type is estimated to hold the larger market size in 2018

On-premises solutions help organizations manage legal hold, facilitate compliance requirements, and analyze remotely collected data cost-efficiently. The on-premises deployment is one of the oldest and traditional approaches of deploying eDiscovery software; however, it is preferred by many organizations due to various factors such as storage of data in companies’ premises only, availability of security measures, and no third-party involvement for data management.

The large enterprises segment is expected to hold the larger market size during the forecast period

The growing demand for the security of legal data during the process of legal cases is expected to increase the demand for eDiscovery software among large enterprises. The integration of existing systems with advanced eDiscovery software is a challenge faced by the large enterprises, which can now be easily resolved due to robust integration, training, and support services provided by eDiscovery vendors. These factors are expected to contribute to the adoption of eDiscovery software among the large enterprises. The large enterprises generate a huge amount of data on a daily basis, which needs to be cut down to relevant information during legal cases. Mining the relevant data is a time-consuming process, because it is done manually. These challenges can be addressed with the help of eDiscovery software.

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The IT and telecommunications vertical is expected to grow at the highest CAGR over the next 5 years. This vertical faces challenges, such as holding critical customers’ data and complying with certain regulatory frameworks in each region. Additionally, this vertical faces other issues such as patent issues, privacy, and security issues. The growing number of subscribers in this vertical is leading to the increasing data generation; therefore, companies have to deal with huge structured and unstructured data. These complexities are expected to drive the adoption of eDiscovery software and services, which offer benefits such as tracking and recording of complex and diversified data, upgrading on new regulatory compliances, securing data, and reducing operational costs. 

In verticals, the government and public sector vertical is estimated to hold the largest market size in 2018

The public sector vertical is interested in adopting these technologies to improve their internal communications and external reach. Additionally, the rising requests for Freedom of Information Act (FOIA) followed by the exponential growth of data in this sector have increased the need to have transparent information. This is expected to have led to the rising adoption of eDiscovery solutions among government agencies, so that they can cost-efficiently handle congressional inquiries, seamlessly perform civil and criminal investigations, perfectly manage litigation processes, and accurately maintain data records.

Among regions, North America is estimated to hold the largest market size in 2018

North America is estimated to hold the largest market size in the global eDiscovery market in 2018, while Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period. North America is a matured market in terms of technology adoption due to various factors, such as standardized regulations, advanced IT infrastructure, the presence of many enterprises, and the availability of proficient technical experts. The US and Canada are expected to contribute significantly to the growth of the eDiscovery market in North America.

Major vendors who provide eDiscovery software and services include AccessData (US), Advanced Discovery (US), Catalyst (US), CloudNine (US), Commvault (US), Conduent (US), Deloitte (US), Driven (US), Epiq (US), FRONTEO (Japan), FTI (US), IBM (US), Ipro (US), KLDiscovery (US), Lighthouse (US), Logikcull (US), Micro Focus (UK), Microsoft (US), Nuix (Australia), OpenText (Canada), Relativity (US), Ricoh (Japan), Thomson Reuters (Canada), Veritas (US), and ZyLAB (Netherlands).

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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, "Knowledgestore" 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.

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Is Artificial Intelligence Taking Over Social Media Market ?

According to the new market research report "AI in Social Media Market by Technology (Deep Learning & Machine Learning, and NLP), Application (Sales & Marketing, Customer Experience Management, and Predictive Risk Assessment), Component, Enterprise Size, End-User, and Region - Global Forecast to 2023", MarketsandMarkets forecasts the global AI in social media market to grow from 633.1 million in 2018 to USD 2,197.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 28.3% during the forecast period.

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The increasing adoption of the AI technology for various applications in the social media sector and utilization of AI-enabled smartphones are expected to drive the growth of the AI in social media market.
Among technologies, the Natural Language Processing (NLP) technology is expected to grow at the highest CAGR during the forecast period
In the AI in social media market, the NLP technology is used to collect, analyze, and visualize customer-related data, such as responses to particular products and services. The NLP technology is also used to understand human languages via virtual chatbots. The use of the NLP technology in social media platforms has increased, which helps in offering 24/7 services to customers.

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The Small and Medium-sized Enterprises (SME) segment is expected to have the largest market size during the forecast period

On the basis of enterprise size, the AI in social media market is segmented into SMEs and large enterprises. Among these, the SMEs segment is expected to have the larger market size during the forecast period. The increasing demand for the integration of the AI technology with social media platforms is expected to have accelerated the growth of the SMEs.

In regions, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period

In the APAC region, global as well as domestic enterprises are investing in AI in social media technologies. Moreover, this region is witnessing an increasing demand for cloud-driven AI in social media solutions, thereby resulting in the increasing investments and technology advancements in retail and eCommerce, and media and advertising end-users. The region has also emerged as a potential market that provides lucrative market opportunities for the industry players.

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The AI in social media market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. The major AI in social media vendors include Google (US), Facebook (US), AWS (US), IBM (US), Adobe Systems (US), Baidu (China), Salesforce (US), Twitter (US), Snap (US), Clarabridge (US), Converseon (US), Sprinklr (US), Unmetric (US), ISentium (US), Cluep (US), Netbase (US), Spredfast (US), Synthesio (US), Crimson Heaxagon (US), Hootsuite (Canada), Sprout Social (US), Vidora (US), Meltwater (US), and Talkwalker (Luxembourg).

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.

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