Military Communications Market Ongoing Trends and Recent Developments

According to the new market research report "Military Communications Market by Communication Type (Airborne, Air-Ground, Underwater, Ground-Based), Component (Military Satcom Systems, Military Radio Systems, Military Security Systems), Application, End User, and Region - Global Forecast to 2023", the military communications market is expected to grow from USD 31.50 billion in 2018 to USD 37.67 billion by 2023, at a compound annual growth rate (CAGR) of 3.6% from 2018 to 2023.

The market is primarily driven by the increasing procurement of military communication solutions due to growing disputes among countries across the world and the need to modernize and replace aging communication equipment.

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Based on component, the military radio systems segment of the military communications market is expected to witness the highest growth during the forecast period.

Based on component, the military radio systems segment is expected to witness the highest growth during the forecast period. The high growth of the military radio systems segment can be attributed to the growing deployment of software-defined radios for military radio equipment.

Based on application, the situational awareness segment of the military communications market is expected to grow at the highest CAGR during the forecast period.

Based on application, the situational awareness segment of the military communications market is estimated to witness the highest growth during the forecast period. Government agencies benefit from situational awareness solutions as they help armed forces make effective use of critical information on a battlefield.

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North America is expected to lead the military communications market in 2018.

North America is estimated to lead the military communications market in 2018. The growth of the military communications market can be attributed to the extensive adoption of military communication solutions in the region, particularly in the US, as the country has been the largest spender in 2017 and an early adopter of advanced military communications systems for naval, land, and air forces. The presence of key companies, such as General Dynamics, Harris Corporation, Iridium, L3 Technologies, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell Collins, Viasat, and Kratos Defense & Security Solutions in the region is one of the key factors for the growth of the military communications market.

Some of the major military communication solutions vendors include Aselsan (Turkey), BAE Systems (UK), Cobham (UK), Elbit Systems (Israel), General Dynamics (US), Harris Corporation (US), Inmarsat (UK), Iridium Communications (US), Israel Aerospace Industries (Israel), Kongsberg (Norway), L3 Technologies (US), Leonardo (Italy), Lockheed Martin (US), Northrop Grumman (US), Raytheon (US), Rheinmetall (Germany), Rockwell Collins (US), Rolta India (India), Saab (Sweden), Systematic (Denmark), Thales (France), Viasat (US), EID (Portugal), Kratos Defense & Security Solutions (US), and Rohde & Schwarz (Germany).

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Location of Things Market: Go-to-market strategy to expand the reach into developing countries

According to the new market research "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.

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.

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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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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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Big Data Security Market: Go-to-market strategy to expand the reach into developing countries

According to the new market research report "Big Data Security Market by Software (Encryption, Data Masking, Access Control, Security Intelligence, Data Governance), Technology (IAM, SIEM, UTM, IDS/IPS), Service, Deployment, Organization Size, and Industry Vertical -Global Forecast to 2022", the big data security market size is expected to grow from USD 12.22 Billion in 2017 to USD 26.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.1%.

The key factors driving the overall big data security market include evolving regulatory landscape, increasing variety and volume of business data generated from various sources, and increasing cyber-attacks demanding scalable high security solutions.

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The BFSI vertical is expected to have the largest market share during the forecast period

The Banking, Financial Services, and Insurance (BFSI) vertical is expected to have the largest market share among all the verticals throughout the forecast period. Organizations operating in the BFSI industry are using big data security software and services for effective and efficient management of digital assets from any kind of manipulation and threat. Further, the major reason for the rising adoption can be attributed to the need for minimizing the risks and frauds that occur every day. Also, big data security is offering insurance providers with the opportunity to recognize customer behavior leading to fraudulent claims and helping companies’ save time and money, which in turn eventually help in lowering insurance premiums for customers.

The cloud deployment model to grow at a high CAGR during the forecast period

The cloud-based deployments are witnessing surge in demand due to their cost-effectiveness and worldwide availability. Owing to their low hardware requirement, cloud-based solutions incur low maintenance costs with 24/7 accessibility from anytime, anywhere. Due to advancements in cloud technologies and increase in data generation from various constituents and customers, cloud-based deployments are expected to exceed on-premises deployments. Also, cloud solutions simplify the security process of the entire organization and offer a competitive edge by terminating administrative roadblocks, thus supporting infrastructure and allowing organizations to focus on improving their competencies.

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North America is expected to constitute the largest market share; APAC to grow at the highest CAGR

In terms of market shares of regions, North America is expected to continue its dominating position throughout the forecast period. This is mainly because of the presence of various developed economies such as Canada and the US in the region and their focus on innovating the existing solutions. North America produces a large amount of data, which can be attributed to early adoption of technologies and high penetration of security solutions in multiple verticals such as manufacturing, healthcare, transportation, and logistics and thus is the largest market for big data security software and services. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Growing technology expenditures in countries such as China and India and the demand for cost-effective advanced analytical software and services among SMEs are expected to drive the market growth during the forecast period.

The big data security market is a growing market and the major vendors present in the market are IBM (US), Hewlett Packard Enterprise (HPE) (US), McAfee LLC (US), Symantec Corporation (US), Check Point Software Technologies Ltd. (Israel), Fortinet, Inc. (US), FireEye, Inc. (US), Rapid7, Inc. (US), LogRhythm, Inc. (US), Proofpoint, Inc. (US), Imperva, Inc. (US), Thales e-Security (France), AllenVault, Inc (US), Amazon Web Services (US), Centrify Corporation (US), Cloudera, Inc. (US), DataVisor, Inc. (US), Gemalto NV (Netherlands), Gigamon (US), Hortonworks, Inc. (US), Informatica Corporation (US), Oracle Corporation (US), Microsoft Corporation (US), Pivotal Software, Inc. (US), Rapid LLC (US), and Zettaset, Inc. (US).

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Vendor Risk Management Market: Go-to-market strategy to expand the reach into developing countries

According to the new market research report "Vendor Risk Management Market by Solution (Compliance Management, Audit Management, Financial Control, Quality Assurance Management), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022", The vendor risk management market size is expected to grow from USD 3.29 Billion in 2017 to USD 6.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

Increasing trend of outsourcing various business operations and risk assessment of vendors are major drivers of the vendor risk management market. Moreover, it is increasingly important for enterprises to identify and mitigate these risks to achieve their business goals and sustain in the intense competition.

Rapid adoption of vendor risk management solutions, owing to strong and well-established economies, is expected to make North America the largest regional market.

In the US and Canada, organizations are rapidly adopting and willing to invest in emerging technologies, such as analytics, big data, and cloud platforms. North America has the first-mover advantage of adopting new technologies, such as smartphones and cloud platform. Moreover, there is an increasing demand among enterprises to reduce the risk associated while managing various vendors and increase productivity in the region. Companies willingly invest in North America. The factors driving the growth of the vendor risk management market in North America are stable economy, technology enhancements, and optimized infrastructure costs.

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The BFSI vertical is expected to hold the largest market size during the forecast period.

The BFSI vertical includes commercial banks, insurance companies, non-banking financial companies, stock brokerage firms, and payment gateway providers. This vertical deals with critical financial data; hence, it is a good contributor in the vendor risk management market. Due to continuous changes in compliances, companies need to update new compliances or rules set by the governments. Vendor risk management solutions for the BFSI vertical help financial and insurance companies in the audits and financial control of the organizations.

The large enterprises segment is expected to gain a larger market share during the forecast period.

Organizations with more than 1,000 employees are categorized as large enterprises. Large enterprises have their customers across various regions and hold high market shares, technical expertise, and effective business strategies. Large enterprises control many different systems at a higher level of complexity. The market size of the vendor risk management market is larger in the large enterprises segment. The number of solution vendors catering to large enterprises is growing, as large enterprises spend significant amount in vendor risk assessment and financial control while managing multiple vendors.

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Major vendors in the vendor risk management market include BitSight Technologies (US), RSA (US), Genpact (US), LockPath (US), MetricStream (US), BWise (Netherlands), Resolver (Canada), SAI Global (Australia), Rsam (US), IBM (US), Optiv (US), Quantivate (US), RapidRatings (US), ProcessUnity (US), LogicManager (US), and VendorInsight (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 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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Affective Computing Market Revenue and Growth Rate Research Report 2024

According to the new market research "Affective Computing Market by Technology (Touch-based and Touchless), Component (Software (Speech Recognition and Gesture Recognition) and Hardware (Sensors, Cameras, and Storage Devices and Processors)), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global affective computing market size is projected to grow from USD 22.2 billion in 2019 to USD 90.0 billion by 2024, at a CAGR of 32.3% during the forecast period.

The major factors driving the market include the growing demand for voice-enabled virtual assistants, soaring need to counter fraudulent activities, and enhanced security in the automotive and banking sectors.

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Based on technology, the touch-based segment is estimated to lead the market in 2019.

Touch-based technologies play a crucial role in the deployment of affective computing solutions. Most of the affective computing technologies need hardware, such as cameras, sensors, and storage devices, to provide a full-fledged computing solution, which can analyze various facial expressions. It enables users to make certain gestures by either touching the device or through the controller connected to the device.

With most of the developments taking place in the affective computing market, the market for touch-based technologies is expected to increase at a healthy CAGR. Some of the most popular touch- or gesture-based technologies deployed to monitor or detect human gestures include accelerometers, gyroscopes, or a combination of both.

Based on the vertical, healthcare & life sciences sector is estimated to grow at the fastest rate during the forecasted period.

Affective computing technology plays a vital role in the field of medical emergency and healthcare. Companies operating in this market integrate affective computing-related technologies applicable in the healthcare sector by evaluating not only the emotional state of mind but also pain & medical conditions that exhibit themselves through facial cues, such as autism and depression. The technology is a boon to the area of health science, which is now available for detecting the pain felt by people who are unable to express. It is ubiquitously understood that emotions and health have interrelation.

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North America is expected to hold the largest affective computing market share during the forecast period.

North America is the largest revenue contributor to the affective computing industry, as the growth in the region is being driven by the rising internet penetration and increasing adoption of cloud-based and IoT applications across verticals. Countries in North America are well-established economies, which enable investments in advanced technologies.

US and Canada have heavily invested in R&D activities, contributing to the growth of new technologies. In addition, massive government funding and a strong technical base help this region for the growth of the affective computing market. The demand for affective computing technologies, such as facial feature extraction, analytics software, and gesture recognition, is increasing across verticals, such as healthcare and life sciences, automotive, government, and defense.

Market Players

The major vendors covered in the affective computing market include Google (US), Microsoft (US), IBM (US), Apple (US), Qualcomm (US), Affectiva (US), Elliptic Labs (Norway), Eyesight Technologies (Israel), Sony Depthsensing Solutions (Belgium), Intel (US), Pyreos (UK), Cognitec Systems (Germany), Beyond Verbal (Israel), GestureTek (Canada), SightCorp (Noord-Holland), CrowdEmotion (UK), Kairos (US), nViso (Switzerland), PointGrab (US), Eyeris (US), Numenta (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.

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Enterprise Content Management Market Ongoing Trends and Recent Developments

According to the new market research "Enterprise Content Management Market by Component (Solutions and Services), Business Function (Accounts & Finance, Human Resources, Supply Chain Management, Operations, and Marketing), Deployment Type, Organization Size, Vertical - Global Forecast to 2022", The ECM market size is expected to grow from USD 31.66 Billion in 2017 to USD 67.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.2%.

Increasing complexities of managing exponential data growth and high need of securing confidential data in various verticals have led to the adoption of ECM solution. With the expected increase in the adoption of cloud ECM solutions and services among Small and Medium Enterprises (SMEs), the ECM market is likely to gain traction during the forecast period.

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Digital Asset Management (DAM) is contributing the highest CAGR for the ECM market.

The DAM solution is estimated to contribute the largest market size with a CAGR of 17.8%. Digital assets consist of images, graphics, logos, animations, audio/video clips, presentations, web pages, documents, and other digital file formats. It is important for managing the enterprise asset lifecycle.  DAM solutions help organizations to enhance their productivity and reduce the total cost of ownership through effective utilization and management of digital assets.

On-premises deployment type is expected to hold a major market size during the forecast period.

On-premises segment holds the major portion of the ECM deployment type. On-premises solutions are delivered for a one-time license fee along with a service agreement. As on-premises deployment requires huge infrastructure and a personal data center, only those organizations that can afford the cost usually deploy this solution. Therefore, SMEs often face the dilemma of choosing between cloud and on-premises solutions. Furthermore, it has several advantages, including system and data control, and dedicated maintenance and support staff.

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The rapid adoption of ECM due to a strong and well-established economy makes North America the largest market in terms of global share.

North America is expected to hold the largest market size during the forecast period and dominate the ECM market, as this region is extremely responsive towards the adoption of the latest technological advancements. From 2017 to 2022, APAC is estimated to grow at the highest rate in terms of CAGR and is expected to become a new hotspot for ECM vendors as a revenue generating region. Furthermore, Europe is expected to be another revenue generating a market, with solutions market as the leading revenue generating segment.

The major vendors that offer ECM solutions and services across the globe are Microsoft Corporation (US), IBM Corporation (US), Hyland Software, Inc. (US), OpenText Corporation (Canada), Oracle Corporation (US), Alfresco Software, Inc. (UK), Everteam (France), Fabasoft (Austria), M-Files Corporation (US), Laserfiche (US), Xerox Corporation (US), and Newgen Software Technologies Ltd. (India).

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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.

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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