Digital Signature Market Ongoing Trends and Recent Developments

According to the new market research report "Digital Signature Market by Solution (Software and Hardware), Service, Deployment Mode, Application (BFSI, Government & Defense, Legal, Real Estate, HR, Manufacturing & Engineering, Healthcare & Life Sciences), and Region - Global Forecast to 2023",published by MarketsandMarkets™, Digital Signature Market size to grow from USD 1.2 billion in 2018 to USD 5.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.7% during the forecast period.

The digital signature market is said to have a potential scope for growth in the years to come, due to the increase in cyber threats, data security, authenticity, legal compliances, and regulations.

Banking, financial services and insurance segment to grow at the highest CAGR during the forecast period

The applications segment is sub-segmented as Human Resource (HR); education and research; Banking, Financial Services and Insurance (BFSI); government and defense; healthcare and life sciences; legal; real estate; manufacturing and engineering; others (retail, transit, energy and utilities, telecom, operations, sales and marketing, pharmaceuticals, and procurement). Among these segments, the BFSI segment is expected to grow at the highest CAGR during the forecast period. A number of online frauds, data breaches, and cyber-attacks in BFSI industries would increase the demand for digital signature solutions.

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Cloud segment to account for a larger market size during the forecast period

The digital signature market by deployment has 2 segments: cloud and on premises. The cloud segment is expected to have a larger market share during the forecast period because capital required to deploy cloud-based solutions is less than on-premises solutions.

Europe to hold the largest market size and grow at the highest CAGR during the forecast period

Europe is expected to hold the highest CAGR during the forecast period. In Europe, the growth rate can be attributed to various factors, including the adoption of advanced technologies, economic developments, increase in the rate of digitalization, and high investments by digital signature solution providers. Driving forces for the region are the huge population in this region which contributes to the volume of transactions, and domestic and international enterprises that are investing in this region.

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The digital signature market report provides the competitive landscape and company profiles of the key vendors by their product offerings and business strategies. Major vendors in the global digital signature market include Adobe (US), OneSpan (US), Gemalto (Netherlands), Ascertia (UK), DocuSign (US), Entrust Datacard (US), SIGNiX (UK), Secured Signing (New Zealand), Identrust (US), and Kofax (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), and Zoho Corp (India).

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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Cognitive Data Management Market: Go-to-market strategy to expand the reach into developing countries

According to the new market research report "Cognitive Data Management Market by Component (Solutions (Data Integration & Migration, Data Governance & Quality) Services), Deployment Type, Enterprise Size, Business Function, Vertical, and Region - Global Forecast to 2023", the cognitive data management market size is expected to grow from USD 569.9 million in 2018 to USD 1,473.9 million by 2023, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period.

The rising use of IoT-based devices, resulting in upshifting the amount of digital data, followed by growing adoption of the cognitive computing technology and advanced analytics are expected to drive the growth of the cognitive data management market.

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Among solutions, the data governance and quality segment is expected to grow at the highest CAGR during the forecast period

The data governance and quality segment is expected to grow at the highest CAGR during the forecast period. This growth rate is mainly due to to the rising number of compliances with regard to the enterprise data.  Furthermore, the cohesiveness between different business entities improves the overall efficiency and effectiveness of organizations as a whole.

In verticals, the manufacturing vertical is expected to grow rapidly during the forecast period

The manufacturing vertical is expected to grow at the highest CAGR during the forecast period, as industries are transforming greatly toward smart automation, resulting in the generation of a large amount of digital data. This factor is expected to have increased the adoption of data management tools among manufacturers. The variety and volume of data would considerably increase, due to the evolution of digital and smart technologies across the manufacturing vertical.

Under regions, North America is expected to have the largest market size during the forecast period.

North America is expected to hold the largest market share in the cognitive data management market. There are various factors expected to contribute to the growth of the cognitive data management market across the region. These factors include the growing investments in cognitive technologies by various players and government support toward the adoption of Artificial Intelligence (AI), increasing advancements in infrastructure, rising digital transformation, and increasing IT budgets.

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The key players in the cognitive data management market include Attivio (US), CognitiveScale (US), Cognizant (US), DATUM (US), Expert System (Italy), HPE (US), IBM (US), Immuta (US), Informatica  (US), Infosys (India), Kingland Systems (US), Microsoft (US), Oracle (US), Pingar (New Zealand), Reltio (US),  Saksoft (India), Salesforce (US), SAP (Germany), SAS (US), SnapLogic (US), SparkCognition (US), StrongBox Data Solutions (Canada), Talend (US), Veritas (US), and Wipro (India).    

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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Data Center Cooling Market: Go-to-market strategy to expand the reach into developing countries

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", published by MarketsandMarkets™,  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%.

Data centers and related technologies are witnessing tremendous technological advancements. Liquid cooling and economizer-based systems are witnessing advancements which are also anticipated to propel the growth of this market. Moreover, liquid cooling technologies may be able operate at low servicing and maintenance costs. Liquid cooling data centers are also seen adopting specially engineered fluids that have enhanced heat reduction capabilities in data centers.  Moreover, economizers that can utilize ambient air for cooling are expected to reduce the overall cost of operation.

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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.

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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.

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 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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Managed Network Services Market Ongoing Trends and Recent Developments

According to the new market research report "Managed Network Services Market by Service (Managed Internet Access and Network Provisioning, VPN, Data Storage, Network Monitoring, Network Security, and Hosted IP Telephony), Organization Size, End-Use Vertical, and Region - Global Forecast to 2021",  published by MarketsandMarkets™,  the managed network services market size is expected to grow from USD 38.60 Billion in 2016 to USD 59.38 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 9.0%.

Increasing need for managed network services, effective management of business processes, reduced operating cost, and need for security are main drivers of the managed network services market.

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“Managed network security services are expected to grow at the highest CAGR during the forecast period”

The managed network services market of the software solutions is expected to grow at an impressive CAGR during the forecast period, as there is an increasing demand for network security services with data backup solutions. The managed network service providers are responsible for creating managed network services, in compliance with the industry requirements and in providing comprehensive support for their clients. The managed network services provide operational efficiencies along with security. They also help in driving new businesses and providing better experience for end-users.

“Telecom and IT vertical is expected to grow at a higher growth rate during the forecast period of 2016–2021”

The telecom and IT end-use vertical is estimated to hold the largest market share in 2016. The telecom and IT vertical requires high connectivity for connecting users and collaborating with partners as well as customers. The vertical is highly competitive due to the increasing number of small and medium businesses and enhancements in across its segments.

“Asia-Pacific region is expected to witness a high growth during the forecast period”

North America is estimated to hold the largest market share in 2016, while APAC will be the fastest growing region in terms of CAGR. As various vendors such as networking providers, telecom carriers, and technology vendors are trying to capture the APAC market. Moreover, number of emerging market players are hosting from the APAC region.

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The major application providers in the managed network services market include Accenture (Dublin, Ireland), Alcatel-Lucent Enterprise (Paris, France), AT&T Inc. (Texas, U.S.), Cisco Systems, Inc. (California, U.S.), Ericsson (Stockholm, Sweden), HCL Technologies Limited (Noida, India), Hewlett Packard Enterprise Development LP (California, U.S.), Huawei Technologies Co., Ltd. (Shenzhen, China), International Business Machines (IBM) Corporation (New York, U.S.), LG Networks, Inc. (Dallas, U.S.), and Wipro Limited (Bangalore, India).

    

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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Conversational AI Market Size, Share, Analysis & Trends in recently published report

According to the new market research "Conversational AI Market by Component (Platform and Services), Type (IVA and Chatbots), Technology, Application (Customer Support, Personal Assistant, and Customer Engagement and Retention), Deployment Mode, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global conversational AI market size is expected to grow from USD 4.2 billion in 2019 to USD 15.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.2% during the forecast period.

The major factors fueling the market growth include the increasing demand for AI powered customer support services and omni-channel deployment, and reduced chatbot development costs. The rise in customer engagement through social media platforms and integration of advanced AI capabilities will add value to the conversational AI offering would provide opportunities in the conversational AI market.

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Chatbots segment to hold a larger market size during the forecast period

Vendors offer conversational AI based on interfaces used. Intelligent Virtual Assistants (IVA) and chatbots are 2 types of conversational AI. The chatbots segment is estimated to hold a larger market size, owing to the increasing demand for AI-powered chatbots to analyze customer insights in real time. The AI-based chatbots can be used by the enterprises to understand user behavior, purchasing habits, and preference over time and accordingly can answer queries.

Retail and eCommerce vertical to grow at the highest CAGR during the forecast period

For the retail and eCommerce vertical, better customer service leads to customer loyalty, customer retention, increased conversion rate, and reduced shopping cart abandonment. The vertical has to strategize customer engagement channels to fulfill the demand of tech-savvy consumers. Due to a rapid increase in the number of mobile subscribers, mCommerce has played a vital role in the retail and eCommerce industry. It helps in enhancing the customer experience, employee efficiency, and the overall functioning of the business.

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

North America is the major revenue-generating region in the global conversational AI market. The region is witnessing major developments in the conversational AI platform space. Many AI solution providers in North America are experimenting in the conversational AI market by integrating AI and ML functionalities with their existing conversational platforms. They are also adopting various growth strategies to strengthen their position in the conversational AI market.

Major vendors in the global conversational AI market include Google (US), Microsoft (US), IBM (US), AWS (US), Baidu (China), Oracle (US), SAP (Germany), Nuance (US), Artificial Solutions (Spain), Conversica (US), Haptik (India), Rasa (Germany), Rulai (US), Avaamo (US), Kore.ai (US), Solvvy (US), Pypestream (US), Inbenta (US), Creative Virtual (UK) and Saarthi.ai (India).

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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IoT in Banking and Financial Services Market Ongoing Trends and Recent Developments

According to the new market research report "IoT in Banking and Financial Services Market by Solution (Security, Monitoring, Customer Experience Management), Service, End-User (Banking, Insurance, and Investment and Wealth Management), Organization Size, and Region - Global Forecast to 2023",published by MarketsandMarkets™, the IoT in Banking and Financial services market size is expected to grow from USD 249.4 Million in 2018 to USD 2,030.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 52.1% during the forecast period.

Major driving forces of the IoT in Banking and Financial services market are convergence of operational and information technology and increasing use of IoT devices in product, application, and premises monitoring for connected banking.

The services segment is expected to be the fastest-growing component in the IoT in Banking and Financial services market during the forecast period

The services segment comprises professional services and managed services. The professional services segment has been further categorized into integration and deployment, business consulting, and support and maintenance. Support and maintenance services deliver application & maintenance services and IT solutions, which further offer secured high-performance platforms for transforming critical applications and fulfilling changing business needs. Once the IoT devices are deployed in organizations, it is very important that these devices are well integrated with the existing enterprise systems. Support and maintenance service providers deliver round-the-clock support services to resolve issues.

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The insurance segmemt is expected to hold the largest market share in the IoT in Banking and Financial services market during the forecast period

IoT helps the insurance companies in more effectively determining insurance prices and providing services that keep people and their assets safe. IoT devices, such as smart devices and phones, can use accelerometers, gyroscopes, GPS, and sensors to provide data on consumers. This usage pattern can be further used by insurance companies to provide UBI solutions. For instance, with the emergence of telematics, cars are now able to transmit drivers’ behavior data back to the car insurance companies, so that they can assess drivers’ risks and premiums accordingly.

APAC is expected to have the largest market share in the IoT in Banking and Financial services market during the forecast period

APAC is one of the largest contributors to the IoT in Banking and Financial services. The increasing adoption of IoT solutions to cater to the growing demand for business services in the Banking and Financial services vertical and technological advancements are the major factors driving the APAC market growth. Major APAC countries, such as Singapore, Japan, and India are working to adopt the IoT technology. The Infocomm Development Authority of Singapore (IDA) and the Information Technology Standards Committee (ITSC) have started an initiative called SPRING Singapore, which encourages industry participants to make new developments and investments in the IoT sector. As per a TCS report, 55% of APAC organizations, including financial institutions, have adopted the IoT-enabled agile business model. Moreover, the report states that APAC companies are more likely to use IoT technology solutions to automatically resupply their end-customers with connected solutions, for which 26% of organizations have already made changes to their business model.

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Major vendors in the APAC IoT in Banking and Financial services market include Infosys (India), Allerin Technologies (India), Tibbo Systems (China), SunTec (India), Ranosys Technologies (Singapore), Paragyte Technologies (India), and Colan Infotech (India).

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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