Automation Testing Market Growth, Trends and Forecast By 2023

According to a new market research report "Automation Testing Market by Technology (IoT, AI, and Big Data), Testing Type (Functional, Performance, Compatibility, and Security), Service (Advisory & Consulting, Managed, and Implementation), Endpoint Interface, and Region - Global Forecast to 2023", by MarketsandMarkets™ , the automation testing market size is expected to grow from USD 8.52 Billion in 2018 to USD 19.27 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period (2018–2023).

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The major factors that are expected to drive the growth of the automation testing market include the increasing mobile devices and technologies and DevOps methdology. In addition, digital transformation of testing, and increase in Return on Investment (RoI) from automation testing are some of the factors that are expected to drive the market growth.

The non-functional testing segment is expected to be the fastest-growing testing type in the automation testing market during the forecast period
Non-functional testing comprises evaluating a system’s performance under load, testing its security, and verifying the disaster recovery procedures and infrastructure placed to go live. This testing mostly deals with the quality of software or applications to be developed and deployed. Automation of non-functional testing enables testers to further enhance the quality of the software, thereby reducing the testing maintenance costs.

The implementation service segment is expected to hold the largest market share in the automation testing market during the forecast period
Implementation services help provide assistance in test case methodologies, creating customized technical controls and steering technologies, and test data analysis. These services comprise customer-specific extensions and integrations, installations, and roll out services. Moreover, implementation services are an important aspect of executing automation testing, as they help implement new versions of automation testing tools as well as integrate those tools with the traditional testing ecosystem.

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North America is expected to have the largest market share in the automation testing market during the forecast period
North America is expected to have the largest market share in the global automation testing market, due to the presence of sustainable and well-established economies in this region, which empowers it to invest strongly in Research and Development (R&D) activities. The continuous spread of digital transformation across various verticals, and the growing convergence of different technologies, such as Artificial Intelligence (AI), machine learning, Internet of Things (IoT), and analytics, have created an impact in the region and led to an increase in the IT budget as compared to the previous year. According to the World Quality Report 2017–2018, 90% respondents in the US and 69% in Canada have seen an increase in their organization budget for QA and testing. With technological advancements, the other most noticeable trend in the region is the adoption of agile and DevOps methodologies among enterprises. According to the World Quality Report 2017–2018, the most popular agile framework adoption in the region include Scrum, SAFe, Dynamic Systems Development Method (DSDM), and hybrid models. These models ensure that organizations are focusing on speed and time-to-market, and have led to the creation of a small, integrated team that can handle tasks related to testing.

Some of the major vendors in the automation testing market include as IBM (US), CA Technologies (US), Microsoft (US), SmartBear Software (US), and Parasoft (US).

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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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Cloud Backup Market worth $4.13 Billion by 2022

According to the new market research report "Cloud Backup Market by Component (Solution & Services), Provider (Cloud Service Provider, Telecom & Communication Service Provider, & Managed Service Provider), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022", The cloud backup market size is expected to grow from USD 1.30 Billion in 2017 to USD 4.13 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period.

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The demand for cloud backup is driven by many factors, such as huge volumes of data generation, lower costs and greater efficiency than on-premises backup, and growing adoption of SaaS. With an increase in the adoption rate of cloud computing among enterprises, the cloud backup market is expected to gain a major traction during the forecast period.

The solution is expected to hold the largest market share

An increasing adoption of cloud-based technologies and need for managing voluminous data sets in enterprises has led to the adoption of cloud backup solution. Also, the adoption of cloud backup solution has increased due to its various benefits such as simple management and monitoring, real-time backup and recovery, simple integration of cloud backup with enterprise’s other applications, data deduplication, and customer support.

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Training and consulting services segment is expected to record the largest market share

The consulting services help the enterprises to make the right and informed decisions in order to realize the desired outcome. On the other hand, training services aim at providing various education programs to bridge the knowledge gaps. Various companies actively provide online trainings to end-users with the help of user manuals, blogs, video instructions, and help forums.

Asia Pacific (APAC) is projected to grow at the highest CAGR

North America is estimated to hold the largest market share in 2017, while APAC is projected to be the fastest growing region with the highest CAGR due to the rising data generation in many countries. Cloud emergence and mandatory government regulations are simultaneously helping boost the growth of the cloud backup market in this region.

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The major vendors providing cloud backup services are Acronis International GmbH (Switzerland), Asigra Inc. (Canada), Barracuda Networks, Inc. (US), Carbonite, Inc. (US), Code42 Software, Inc. (US), Datto, Inc. (US), Druva Software (US), International Business Machines Corporation (IBM; US), Iron Mountain Incorporated (US), Microsoft Corporation (US), Oracle Corporation (US), and Veeam Software (Switzerland).

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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 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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Location of Things Market - Latest Growth, Development Trends and Forecast Report to 2022

According to a new market research report "Location of Things Market by Location Type (Indoor, Outdoor), Application (Mapping & Navigation, Location-Based Social Media Monitoring, IoT Asset Management, IoT Location Intelligence), Vertical, and Region - Global Forecast to 2022", The location of things market size is estimated to be USD 5.46 Billion in 2017, and is projected to reach USD 27.22 Billion by 2022, at a CAGR of 37.9% from 2017 to 2022.

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Some of the major factors that are driving the growth of the location of things market include increasing importance of spatial data, democratization of geospatial data for IoT applications, and increase in the adoption of location-based applications across various verticals.

The mapping & navigation segment accounted for the largest share in the location of things market in 2016
The mapping & navigation segment accounted for the largest share of the location of things market in 2016. Mapping and navigation technology is used to study and analyze the data or the image generated. The integration of GIS and interactive mapping technology offer comprehensive solutions for facilities and workforce management. Spatial Extraction, Transformation, and Load (ETL) enables organizations to control the data flow by mapping geometry and characteristics of the source data with the destination data.

The retail segment is expected to grow at the highest CAGR during the forecast period
The retail segment is estimated to grow at the highest CAGR during the forecast period. Retail is all about integrating advanced technologies with the existing infrastructure, delivering real-time offers to customers. By linking location-based technology with retail and e-commerce, retailers can find ways to maximize product distribution and come up with cross-sell and up-sell opportunities and also reduce costs of selling new products and improve customer relationships.

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North America accounted for the largest share of the location of things market

As per the geographic analysis, North America accounted for largest share of the location of things market in 2016. Technological advancements and followed by robust internet infrastructure, widespread adoption of new technology and presence of a strong domestic solution providers have contributed to the growth of the market in this region.

The major vendors covered in the location of things market for this study include Bosch Software Innovations GMBH (Berlin, Germany), ESRI (California, U.S.), Qualcomm Technologies, Inc. (California, U.S.), Wireless Logic (Berkshire, U.K.), Ubisense Group PLC. (Cambridge, U.K.), Google, Inc. (California, U.S.), IBM Corporation (Armonk, U.S.), Microsoft Corporation (Washington, U.S.), Pitney Bowes (Stamford, U.S.), HERE (Chicago, U.S.), Telogis (California, U.S.), and Tibco Software, Inc. (California, 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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Transportation Management System Market: Trends & Opportunities with Forecast 2022

According to a new market research report "Transportation Management System Market by Transportation Mode (Railways and Roadways), Component (Solution Type, Hardware, and Services), Deployment Mode (Hosted and On-premises), Application, and Region - Global Forecast to 2022", The global transportation management system market is expected to grow from USD 78.20 Billion in 2017 to USD 202.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%.

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The real-time economy demands faster and timely execution of business processes in every industry, especially in the supply chain, logistics, and transportation industries. This is expected to drive the growth of the transportation management system market. Speed, timing, efficiency, and optimization are the crucial factors in logistics and transportation, which are now achievable due to the adoption of digital technologies. With the adoption of digital technologies, transportation vendors and third-party providers have reduced the overall transportation costs and minimized delivery errors.

Support and maintenance services segment is expected to grow at the highest CAGR during the forecast period.
The transportation management support and maintenance services segment is expected to have a promising future as the transportation management market is rapidly evolving and therefore, requirements for proper pre and post-sales services, such as design and implementation, maintenance, and overall training and system support will run high. Hence, service providers are focused on delivering dedicated services by understanding buyer demands and needs.

Travel and tourism application segment is expected to have the largest market size by the end of the forecast period.
Various travel agencies are installing web portals to provide easy access to their customers for planning their journeys. People are interested in exploring places. In addition to this, travel and tourism is one of the highest revenue generators for many countries. Therefore, the adoption of transportation management systems in the travel and tourism segment is expected to gain pace, resulting in future growth.

APAC is expected to grow at the highest CAGR during the forecast period.
In the recent times, the APAC region is emerging as a center for economic and international trade developments. The progress in international trade is an important element that has supported infrastructure developments and solution deployments for logistics services. In many APAC countries, the transportation infrastructure is inadequate for effective goods and public transportation.

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The transportation management system market report encompasses the competitive landscape, which presents the positioning of the 25 key transportation management system vendors based on their product offerings and business strategies. Some of these major vendors include SAP SE (Walldorf, Germany), Oracle Corporation (California, US), Manhattan Associates (Georgia, US), Descartes (Waterloo, Ontario), JDA Software, Inc. (Arizona, US), CTSI-Global (Tennessee, US), Inet-Logistics GMBH (Dornbrin, Austria), BluJay Solutions (Greater Manchester, UK), MercuryGate International, Inc. (North Carolina, US), Efkon AG (Raaba/Graz, Austria), Metro Infrasys Private Limited (New Delhi, India), and TMW Systems, Inc. (Ohio, 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 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.

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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Telecom Cloud Market: Evolving Technology, Trends and industry Analysis 2021

According to the new market research report "Telecom Cloud Market by Type (Solution and Service), Application (Billing & Provisioning and Traffic Management), Service Model (SaaS, PaaS, and IaaS), Organization Size, Vertical, and Region - Global Forecast to 2021", The telecom cloud market size is expected to grow from USD 10.92 Billion in 2016 to USD 30.79 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.

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The major drivers of this market include the need for lower operational and administration costs, as telecom cloud is hosted on cloud platform. It offers flexible pricing for products & services and allows managing various types of revenue without constraints.

The Unified Communication and Collaboration (UCaaS) solution segment is estimated to dominate the telecom cloud market share during the forecast period

UCaaS is estimated to have the largest market share in the telecom cloud market. Various features, such as multimedia, unified messaging, conference bridges, presence management, and Customer Relationship Management (CRM) integration are helping improve business functions. Therefore, with its increasing demand, Telecom Service Providers (TSPs) are providing UCaaS solutions in the market.

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“Network services are expected to capture the highest market share during the forecast period”

The network services of the telecom cloud market is witnessing a potential growth, in comparison to other services, owing to the benefits, such as Local Area Network (LAN)/Wide Area Network (WAN)/Wireless Local Area Network (WLAN) management, Voice over Internet Protocol (VoIP), managed network services, Internet Protocol (IP) contact centre management, network integration, and network implementation services.

“North America is the leading region, in terms of market share in the telecom cloud market space”

North America is expected to hold the largest market share and dominate the telecom cloud market in 2016. North America has a huge penetration from large enterprises with technically-sound employees providing continuous innovative technologies. This has led to the growing telecom cloud market. These are some of the major driving factors contributing to the growth of cloud-based services and solutions in North America.

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Major vendors covered in the telecom cloud market for the study are AT&T, Inc. (Dallas, Texas, U.S.), BT Group PLC (London, U.K.), Verizon Communication, Inc. (New Jersey, U.S.), Level 3 Communications, Inc. (Broomfield, Colorado, U.S.), Deutsche Telekom (Bonn, Germany), NTT Communications Corporation (Tokyo, Japan), CenturyLink, Inc. (Louisiana, U.S), Singapore Telecommunications Limited (Singapore), Orange Business Service (Paris, France), and Ericsson (Stockholm, Sweden).

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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Data Center Cooling Market to reach $14.28 Billion by 2021

According to the new market research report "Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021", The data center cooling market is estimated to grow from USD 7.12 Billion in 2016 to USD 14.28 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.95%.

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The data center cooling market is driven by factors such as the growing need to improve the overall data center efficiency, reduce additional heat generated by increased data center power densities, and increase focus on developing cost effective and eco-friendly data centers solutions.
Liquid cooling solutions segment is expected to grow at the highest CAGR
Liquid cooling solutions segment is expected to witness the highest CAGR during the period 2016 to 2021. Liquid cooling solutions make use of advanced engineered coolants that reduce the overall carbon footprint making them a more environment-friendly solution. Moreover, they provide efficient cooling for high power and server density data centers. These benefits are driving the market and are anticipated to help in propelling the data center cooling market to grow at the highest CAGR during the forecast period.

“Maintenance and support services segment to grow at the highest rate during the forecast period”
The maintenance and support services segment is expected to grow at the highest CAGR during the forecast period owing to the rapid adoption of data center cooling solutions in enterprise and large data centers, which require third-party assistance for maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.
North America is expected to dominate the data center cooling market during the forecast period
The data center cooling market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the data center cooling market in 2016 due to the technological advancements and larger adoption of data center cooling technologies across a large number of industries in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving force for this growth is the increasing requirement for energy efficient and cost effective solutions in various industries.

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The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Schneider Electric SE (France), Black Box Corporation (U.S.), Nortek Air Solutions, LLC (U.S.), Airedale International Air Conditioning Ltd. (U.K.), Rittal GmbH & Co. KG (Germany), STULZ GmbH (Germany), Vertiv Co. (U.S.), Asetek (Denmark), AdaptivCOOL (U.S.), and Coolcentric (U.S.).
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 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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Property Management Market Expected to Witness a Sustainable Growth over 2023

According to a new market research report "Property Management Market by Component (Solutions and Services), Solution (Lease Accounting & Real Estate Management, Asset Maintenance Management & Reservation Management), Service, Deployment, End-User, Application, and Region - Global Forecast to 2023", The global property management market size is expected to grow from USD 14.47 billion in 2018 to USD 22.04 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.

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The major driving factors of the property management market include an increasing demand for SaaS model and upsurge in real estate and smart building projects.

Reservation management solution to grow at the highest CAGR during the forecast period

The reservation management solution helps in the fast activation and management of property and facility spaces. The solution enables enterprises to optimize their resources in real time across the entire property and facility portfolio. It helps in booking and managing vacation properties, hotel rooms, and conference rooms and halls. The solution provides a uniform platform for booking meeting spaces, equipment, and related services. It also enables employees to check the availability of rooms in real time for avoiding conflits in meeting room bookings. Enterprises leverage the benefits of this solution to centrally manage and optimize the booking of meeting rooms and related services in real time across sites and buildings, countries, and regions.

Commercial application segment to hold a larger market size during the forecast period

The commercial segment covers real estate buildings, retail properties, hotels, educational institutes, industrial enterprises, and government buildings. It is expected to hold the largest market size during the forecast period. Commercial properties need to manage many departments, such as maintenance, human resources, accounting and payroll, and business operations. For managing these departments and their business operations, property managers adopt on-premises property management software solutions.

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

North America is projected to hold the largest market size and continue to dominate the global property management market during the forecast period. Commercial and residential real estate property managers in North America are rapidly adopting property management software solutions by leveraging the automation and management solutions. The existing developed infrastructure and the increasing commercial and residential real estate demands in the region have boosted the adoption for property management solutions in North America. The growth in rental demands has resulted in the strong demand for property management solutions and services. Moreover, consistent technological innovations in this region enable software providers to develop comprehensive property management software solutions.

Major players in the property management market include IBM (US), Hitachi Vantara (US), JLL (US), Oracle (US), SAP (Germany), Trimble (US), RealPage (US), AppFolio (US), Yardi (US), MCS Solutions (Belgium), and ARCHIBUS (US). The other players include FSI (UK), Planon (Netherlands), Accruent (US), Entrata (US), iOFFICE (US), Indus Systems (US), Total Management (US), Rentec Direct (US), PMX Dynamics (Canada), Hemlane (US), Property Boulevard (US), OfficeSpace (US), CIC (US), Archidata (Canada), and Buildium (US).

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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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Future Scope on Certificate Authority Market

The report "Certificate Authority Market by Certificate Type (SSL, Secure Email, Code Signing, and Authentication Certificates), Service, SSL Certificate Validation Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023", The global certificate authority market size is expected to grow from USD 76.2 million in 2018 to USD 123.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period.

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A major growth driver for the market is companies’ increasing need to build trust among the rapidly expanding online customer base.

SSL Certificates segment to hold the largest market size during the forecast period

SSL certificates validate the server to the client, which help the client authenticate the website. The SSL certificates’ major features are encryption, integrity, authentication, and non-repudiation. The encryption technology provides private and public keys of the server’s digital certificate, which protects the data transferred over web browsers. With the integrity feature, the data is protected from getting modified during the transmission. Moreover, the encryption, integrity, and authentication collaboratively establish non-repudiation for data transferred over web browsers, which prevents both parties from cyber risks. These features of SSL certificates are encouraging organizations to deploy SSL certificates.

Managed Public Key Infrastructure (PKI) services segment to hold the largest market size during the forecast period

The PKI technology offers organizations the way to control many digital certificates for SSL, authentication, document signing, and other usages of digital signatures. A managed PKI service provides access to digital certificates without the need to buy, establish, operate, and protect an in-house certificate authority. Using the managed PKI service, organizations can issue, renew, and revoke digital certificates to power strong authentication, encryption, and digital signing applications. Additionally, it helps secure user access and communications for network and cloud-based applications without increasing IT burden.

Banking, Financial services and Insurance (BFSI) industry vertical to hold the largest market size during the forecast period

BFSI organizations focus on privacy and security of customer’s online transactions and their sensitive information. Hence, there is the high adoption of the digital certificates in the BFSI vertical. Digital certificates act as a bridge between the browser and server and are embedded with an encryption technology, which protects the ongoing communication. With the digital certificate, the user’s information is transmitted through a secured channel in an encrypted form, and no other person or system can tamper or view it.

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

In the certificate authority market by region, North America is expected to hold the largest market size during the forecast period. Major growth drivers for the market in North America include the large presence of digital certificate providers and stringent data security regulations and compliance. The US and Canada are significantly advanced in terms of cyber security technology and they are most vulnerable to cyber threats in the world.

Major vendors covered in the certificate authority market include IdenTrust (US), Comodo CA (US), DigiCert (US), GoDaddy (US), GlobalSign (US), Asseco Data Systems (Poland), ACTALIS (Italy), Entrust Datacard (US), Trustwave (US), SSL.com (US), Network Solutions (US), TWCA (China), SwissSign (Switzerland), WISeKey (Switzerland), OneSpan (US), Buypass (Norway), Camerfirma (Spain), Hongkong Post (Hong Kong), EBG Information Technologies and Services (Turkey), Harica (Greece), Certigna (France), NETLOCK (Hungary), TURKTRUST (Turkey), certSIGN (Romania), and Disig (Slovakia).

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Route Optimization Software Market to reach a market size of $5.07 billion by 2023

According to a new market research report "Route Optimization Software Market by Component (Software & Services), Vertical (On-Demand Food Delivery, Ride Hailing & Taxi Services, Field Services, and Retail & FMCG), Organization Size, Deployment Type, and Region - Global Forecast to 2023", The route optimization software market is expected to grow from USD 2.95 billion in 2018 to USD 5.07 billion by 2023, at a CAGR of 11.4% from 2018 to 2023. The market is primarily driven by the increasing use of logistics-specific solutions and declining hardware and connectivity costs.

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Based on component, the services segment of the route optimization software market is expected to grow at a higher rate during the forecast period.
Based on component, the services segment is expected to grow at a higher growth rate during the forecast period as compared to the software segment. The growth of the services segment can be attributed to the growing need to improve goods delivery time and customer services.

Based on deployment type, the cloud segment of the route optimization software market is expected to grow at a higher CAGR during the forecast period.
Based on deployment type, the cloud segment of the route optimization software market is estimated to witness the highest growth during the forecast period. Organizations are increasingly adopting cloud-based route optimization software, as it is easy to deploy and it provides more scalability functions than on-premises software at an affordable cost. These factors are supporting the growth of the cloud-based route optimization software.

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North America is estimated to lead the route optimization software market in 2018.

North America is estimated to lead the route optimization software market in 2018. The presence of key companies, such as Descartes, Google, ESRI, Paragon Software, LLamasoft, Omnitracs, Route4Me, Routific, and ALK Technologies in the region is one of the key factors for the growth of the route optimization software market.
Some of the major route optimization software vendors include ALK Technologies (US), AMCS (Ireland), Caliper (US), Descartes (Canada), Esri (US), FLS (Germany), Geoconcept (France), Google (US), Portatour (Austria), Llamasoft (US), Maxoptra (UK), Microlise (UK), Omnitracs (US), Optimoroute (US), ORTEC (Netherlands), Paragon Software (UK), PTV Group (Germany), Quintiq (Netherlands), FarEye (India), Route4me (US), RouteSolutions (US), Routific (Canada), Scientific Logistics (US), Truckstops (UK), Verizon Connect (US), and Workwave (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, "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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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sales@marketsandmarkets.com