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Supply Chain Analytics Market worth $13.5 billion by 2027

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(EMAILWIRE.COM, March 14, 2023 ) According to a research report "Supply Chain Analytics Market Component, Software (Supplier Performance Analytics, Demand Analysis & Forecasting, and Spend & Procurement Analytics), Service, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the supply chain analytics market is projected to grow from USD 5.2 billion in 2022 to USD 13.5 billion by 2027, at a CAGR of 21.0% during the forecast period. The region's supply chain analytics market is expanding as a result of the fast-paced infrastructure development, widespread acceptance of digital technologies, and rise in real-time data in supply chain organizations. The expansion of the supply chain analytics market in the area is attributed to the cutting-edge products provided by different vendors that concentrate on supplying dashboards for analysis to make strategic business choices.

Browse 247 market data Tables and 50 Figures spread through 275 Pages and in-depth TOC on "Supply Chain Analytics Market”

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Cloud segment to account for higher CAGR during the forecast period

The supply chain analytics market is bifurcated on the basis of cloud and on-premises. The market size of the cloud deployment mode is estimated to be larger and projected to have a higher CAGR during the forecast period. Due to its flexibility, scalability, and affordability, the cloud deployment approach is being adopted more quickly than the on-premises strategy. It gives an organization greater control over the server, infrastructure, and systems, allowing them to be set up to meet specific business needs. The cloud deployment strategy offers improved performance, more control, and fewer dangers. It also offers characteristics that are user-friendly, versatile, and economical. These solutions are easier to set up physically, need less upkeep, and are always accessible from anywhere at any time.

SMEs segment to account for higher CAGR during the forecast period

The supply chain analytics market is bifurcated on the basis of large enterprises and SMEs. The CAGR of the SMEs is estimated to be highest during the forecast period. Due to its flexibility, scalability, and lower costs, the supply chain analytics market for SMEs is predicted to grow. Supply chain analytics products and services would generate income for SMEs, produce the necessary results, and boost operational effectiveness. But still SMEs have three major obstacles, including finance, expertise, and scalability.

APAC to hold higher CAGR during the forecast period

Due to the expansion of e-commerce and real-time customer analytics, data is becoming an essential part of the supply chain ecosystem. There is a need for security since the amount of data is expanding so quickly. Organizations and governments are concentrating on a strong defence architecture in response to the rising incidence of cyberattacks and a developing cyberwar in the area. As Industry 4.0 and digital technologies develop, data is offering businesses a competitive edge, helping to address a number of supply chain sector challenges. Organizations may link and monitor every stage of the supply chain process, freely share data between departments, and get insights to improve efficiency and decision-making by implementing a digital supply chain strategy.

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Major vendors in the global supply chain analytics market are SAP (Germany), Oracle (US), IBM (US), SAS Institute (US), Software AG (Germany), MicroStrategy (US), Tableau (US), Qlik (US), TIBCO (US), Cloudera (US), Logility (US), Savi Technology (US), Infor (US), RELEX Solutions (Finland), TARGIT(Denmark), Voxware (US), The AnyLogic Company (US), Antuit (US), Axway (US), AIMMS (Netherlands), BRIDGEi2i (India), Domo (US), Datameer (US), 1010data(US), Rosslyn Analytics(UK), Manhattan Associates (US), Salesforce (US), Zebra Technologies (US), Dataiku (US), Intugine Technologies (India), Lumachain (Australia), Hum Industrial Technology (US), Pafaxe (UK), SS Supply Chain Solutions (US), and DataFactZ (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

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Mr. Aashish Mehra
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raviraj.tak@marketsandmarkets.com

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BZR on Coinstore - a Significant Milestone for Bazaars

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(EMAILWIRE.COM, March 23, 2023 ) DUBAI, UAE – (ARAB NEWSWIRE) - Bazaars, an innovative peer-to-peer (P2P) marketplace that leverages the power of cryptocurrencies, has announced a major development in its journey toward mainstream recognition and adoption.

On Friday, 24th March, the platform's utility token, BZR, is set to be listed on Coinstore, a leading digital asset exchange that connects buyers and sellers around the world.

This move not only offers Bazaars' users greater access to digital assets but also positions the platform for wider adoption in the rapidly expanding crypto market.

The CEO of Bazaars commented on the new developments saying, “with this significant milestone, Bazaars will continue to establish itself as a promising player in the evolving landscape of decentralized commerce.”

Bazaars is at the bleeding edge of a trillion-dollar e-commerce industry with its newly launched peer-to-peer marketplace that allows users to trade high-value physical items while using cryptocurrencies. Users on Bazaars' marketplace are able to leverage Bazaars' decentralized proof-of-stake blockchain network to sell, buy and ship any physical or digital item around the world.

What's more, Bazaars uses Aramex, which is a leading logistics partner, to facilitate the shipment of products from one user to the other. Thanks to the BZR token, users on the marketplace not only get to exchange assets with crypto, but they also receive a percentage of profits generated from fees on the Bazaars marketplace.

A spokesperson from the company also talked about the recent developments at Bazaars' saying, “the company’s use of Aramex as its logistics partner ensures that users can ship and receive products from anywhere in the world with ease and convenience. Aramex is renowned for its top-notch logistics solutions, including warehousing, shipping, and customs clearance, among others.”

By leveraging Aramex's expertise, as well as the reputation of Coinbase payment and escrow services, Bazaars provides a seamless shopping experience that caters to the diverse needs of its users.

About Coinstore

Coinstore is an up-and-coming crypto exchange with a spot and futures crypto trading market. Founded in 2020, this exchange is primarily focused on the Southeast Asia market but is also available worldwide. Coinstore’s main advantage is their fast and smooth crypto trading service, not to mention an OTC desk as well as NFT and derivatives business.

About Bazaars

Bazaars is a proof-of-stake blockchain network designed to operate as a peer-to-peer marketplace. Using Bazaars marketplace, anyone can exchange physical items as well as digital assets with one another while using crypto as a form of payment. The company boasts a leadership and advisory team that has over 2.5 centuries of combined experience in e-commerce, logistics, mobile payments, and finance compliance. Currently, the Bazaars marketplace app is available on Google Play and Apple App store with additional plans to get BZR token listed on more exchanges. For more information, go to https://bazaars.io/


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Cryptomoe, CEO
--
bzr@bazaars.io

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Digital Map Market Growth, Trends and Opportunities by 2026

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(EMAILWIRE.COM, May 10, 2023 ) The digital Map Market size to grow from USD 19.2 billion in 2021 to USD 37.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.1% during the forecast period.

Various factors such as increasing spending on adoption of newer technologies, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are expected to drive the adoption of digital map technologies and services.

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Big data is an ever-increasing technology that assists businesses in optimizing processes and minimizing operational costs. The combination of real-time data streams, Artificial Intelligence (AI), Machine Learning (ML), and Digital Map can deliver competitive business advantages. Data has always been crucial in Digital Map for gaining strategic decision-making capabilities and formulating other business strategies. The digital map market is expected to grow owing to several factors, such as the increasing availability of spatial data and analytical tools, growing focus on Business Intelligence (BI), intensifying market competition, and decreasing cost of solutions.

Additionally, technological advancements, such as the global deployments of 3G and 4G wireless services, have created ubiquitous connectivity. The enhancement of connectivity technologies, supplemented by the growing interest in personalizing services based on users’ location information, has boosted the growth of the digital map market. Moreover, the realization of cost benefits by deploying solutions for organizational assets covering both personnel and vehicle tracking and management is expected to drive the growth of the market.

COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus. Largely unknown before the outbreak began in Wuhan, China, in December 2019, COVID-19 moved from a regional crisis to a global pandemic in just a few weeks. The World Health Organization (WHO) declared the COVID-19 pandemic on March 11, 2020. As this virus is spreading rapidly at a global level, countries across the globe are trying to prevent further contagion by taking measures, such as social distancing, contact tracing, self-quarantining, surveillance, communication, and testing. So far, China, South Korea, Japan, and Singapore, have managed to flatten the curve, while the US, Italy, Spain, Germany, France, and Iran are imposing drastic measures to slow down the spread and control fatalities. Government agencies have announced special financial aid packages toward developing preventive and curative drugs, the purchase of critical care medical devices, and the fast-track approval of diagnostic tests. Various organizations, such as the Bill and Melinda Gates Foundation and Wellcome Trust, are also accelerating and strengthening efforts to fight the COVID-19 pandemic.

Infrastructure Development and Construction Vertical to account for a larger market size during the forecast period

Digital map solutions play an important role in the construction and engineering companies, as they support all phases of the infrastructure life cycle. Moreover, these solutions help construction engineers manage and share data, generate reports, and visualize territory data, which can be analyzed and communicated to others. Digital maps help increase safety measures and reduce the maintenance costs of the network. For instance, London created a digital map of the underground infrastructure, including gas and water pipes along with electricity and telecommunication cables, which helps safeguard workers’ lives and reduce the cost of damages to utilities, such as pipes and cables.

Routing and Navigation in application to have the largest market size during the forecast period

The routing and navigation application is one of the widely adopted applications of digital maps. The automotive vertical is among the well-known verticals to deploy digital maps for routing and navigation purposes. Telematics is one of the prominently used application areas for the automotive vertical. Furthermore, some of the widely acclaimed application areas for routing and navigation include logistics, travel, and transportation. With smart city initiatives, many cities and other governing bodies are promoting wide-scale adoption of digital maps through various integrated platforms, such as ride sharing, routing updates, traffic conditions, and weather monitoring.

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APAC to hold higher CAGR during the forecast period

The digital map market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, who are adopting the newer technologies to have a competitive advantage over the established players. China, Japan, and India have displayed ample growth opportunities in the digital map market.

Some major players in the Digital Map Market include Google (US), Apple(US), TomTom(Netherlands), Nearmap(Australia), ESRI(US), INRIX(US), HERE Technologies(Europe), MapQuest(US), LightBox(US), ServiceNow(US), Alibaba Group(China), Inpixon(US), META(US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com



Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

NLP in Finance Market worth $18.8 billion by 2028

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(EMAILWIRE.COM, May 22, 2023 ) The global NLP in Finance Market is estimated at USD 5.5 billion in 2023 and is projected to reach USD 18.8 billion by 2028 at a CAGR of 27.6%, according to a new report by MarketsandMarkets™. The NLP in Finance market is estimated to grow at a significant rate during the forecast period, owing to various business drivers like rise in content creation and creative applications, evolution in AI and Deep Learning, and innovation of cloud storage enabling easy access to data. Furthermore, the acceleration in the deployment of Large Language Models (LLMs) drives the market growth.

Browse in-depth TOC on "NLP in Finance Market”
200 - Tables
40 - Figures
300 – Pages

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By offering, Services to register for the highest CAGR during the forecast period

The scope of the services segment comprises professional and managed services. Services are essential to the NLP in finance software life cycle, including product upgradation, maintenance, training, and consulting. In the era of the digital economy, enterprises are evolving and demanding new ways to improve their Return on Investment and business optimization. Vendors offer various services in the NLP in finance market, such as support, maintenance, and consulting, to execute and manage the life cycle.

By application, Risk Management and Fraud Detection to register for the highest market size during the forecast period

The use of NLP in risk management and fraud detection has been increasing due to its benefits, such as improved speed and accuracy of risk identification and more effective fraud detection. By analyzing large volumes of data, NLP algorithms can identify emerging risks that could impact financial markets. For example, NLP can analyze news articles, social media posts, and other data sources to identify emerging risks that could affect the industry.

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By region, Asia Pacific to account for highest growth rate during forecast period

The market in Asia Pacific is expected to experience strong growth as its organizations are rapidly adopting NLP solutions to meet the demands of their customers. The competition in this region is fragmented, and market vendors are looking to expand their presence in the region, which would result in infrastructure improvement and business-strategic benefits. The market’s main growth drivers are expanding the use of digital payments, the requirement to enhance customer interaction and service, and the accessibility of cutting-edge NLP technology.

Some major players in the NLP in Finance market include Microsoft (US), IBM (US), Google (US), AWS (US), Oracle (US), SAS Institute (US), Qualtrics (US), Baidu (China), Inbenta (US), Basis Technology (US), Nuance Communications (US), Expert.ai (Italy).

About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
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Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

CamScanner Enhances User Experience in Middle East with Free 30-Day Premium Membership Offer

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(EMAILWIRE.COM, June 09, 2023 ) DUBAI, UAE – (ARAB NEWSWIRE) - In a significant move to cater to its Middle Eastern user base, prominent mobile scanning application CamScanner, has announced a special offer for users to enjoy a free 30-day premium membership. Beginning June 9th, users can claim their full 30-day access to premium features at any time before July 15th, just by searching the keyword "freepremium" within the CamScanner application.

CamScanner, recognized globally as the leading scanning app, empowers users to easily scan and digitize various documents like receipts and photos right from their mobile phones. Its smart-cropping and auto-enhance features ensure high-quality output, while offering easy saving and sharing options.

Apart from its free features, CamScanner's premium features include high-definition scanning for impeccable image quality and an innovative tool for easy background and watermark removal, simplifying the process of creating clean, personalized and professional-looking documents.

Its text recognition feature allows users to convert scanned images into text, and supports the exporting and online editing of documents in various formats, accommodating diverse needs for document management. This feature set extends to converting images into Excel format, instantly transforming paper tables into digital versions, for convenient organization of important data and other information.

In addition, premium users can get creative with their memories with CamScanner’s photo collage feature, where multiple images can be scanned and combined into a single document. Finally, premium members can enjoy all these features without ads, for a distraction-free experience.

This exclusive offer is a testament to CamScanner's commitment to the Middle East and its dedication to empowering users in the region. By granting free access to premium features, the app aims to enhance document management practices, streamline workflows, and bring convenience to the lives of Middle Eastern users.

Readers can download CamScanner from Google Play, the Apple Store, or from CamScanner's website.

About CamScanner
First released in 2011, CamScanner is a mobile app that allows users to scan, edit and manage documents. With over 1.7 billion downloads across 200+ countries in 55 languages, the app consistently ranks as one of the top business and efficiency apps on the market.


Media Contact
Samantha Tan, PR Manager
CamScanner
Prcontact@camscanner.com
+1 306 530 3373
https://www.camscanner.com

This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™



Samantha Tan
+1 306 530 3373
Prcontact@camscanner.com

Source: EmailWire.Com

Cloud-native Application Protection Platform (CNAPP) Market Size worth approximately $19.3 billion by 2027

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(EMAILWIRE.COM, July 07, 2023 ) According to MarketsandMarkets, the global Cloud-native Application Protection Platform (CNAPP) Market size is poised to grow from US$ 7.8 billion in 2022 to US$ 19.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.9 %. Increasing cyberattacks and the growing adoption of remote working trend by SMEs are some of the factors driving the market growth.

Browse in-depth TOC on "Cloud-native Application Protection Platform (CNAPP) Market”
183 - Tables
47 - Figures
208 - Pages

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By cloud type, public cloud segment to account for a larger market size during the forecast period

Public cloud includes a platform being managed by a third party. In the public cloud model, the cloud resources are operated by a third-party cloud service provider and operated over the internet. It uses the standard cloud computing model to make resources and services available to remote users worldwide. Public cloud services can be used for free or be provided through subscription or on-demand pricing schemes, including the pay-per-usage model. The main benefits of public cloud include a decreased requirement for organizations to invest in maintaining their on-premises IT resources; scalability to meet workload and user demands; and fewer wasted resources because customers pay with pay-per-usage model. The public cloud providers offer the infrastructure needed to host and deploy workloads in the cloud. Tools and services help customers manage cloud applications, including data storage, security, and monitoring and reporting capabilities. Some of the challenges with the public cloud include increasing, complex cloud costs and pricing models, skill gaps in the cloud computing industry, limited control, and vendor lock-in period.

By vertical, BFSI to hold the largest market size during the forecast period

Cloud technology is increasingly being used by banks and financial institutions to store data and applications. Cloud technology providers offer products and services that provide improved revenue generation, customer insights, and reduced costs. The deployment of cloud computing models provides control to financial institutions on how they pay for the technology deployed. Cloud deployment provides increased scalability, and organizations can respond more quickly to market shifts. The overall costs are reduced as the organizations do not need to pay for on-premises infrastructure costs. The COVID-19 outbreak has further accelerated data movement to the cloud environment. There is an increasing need for cybersecurity solutions and services in the BFSI vertical to fight against the growing number of physical and cyberattacks on critical infrastructures that are taking place due to the increasing adoption of BYOD and Work from Home (WFH) trends. Financial institutions need to be compliant with regulations such as the PIPEDA. This has led to the growing adoption of CNAPP and associated services. Financial institutes are always early adopters of advanced technologies. CNAPP is one of the essential security tools developed to secure deployed cloud resources and has significant applications in the BFSI vertical.

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By region, North America to account for the largest market size during the forecast period

North America is expected to be the largest contributor to the global CNAPP market in terms of market share. It is one of the most advanced regions in regard to security technology adoption and infrastructure. The region has recently experienced increasing digitalization and cloud technology adoption. IT spending on system infrastructure is slowly shifting from traditional solutions to cloud. Organizations are rapidly using cloud services for new initiatives or to replace existing systems. The regional presence of key industry players offering CNAPP contributes to driving the market growth in North America. The increasing cyberattacks witnessed in the region contribute to the growth of the CNAPP market in the region. The strengthening of safety standards and regulations is another factor contributing to the growth of the CNAPP market in the region. The Cybersecurity and Infrastructure Security Agency (CISA) leads the national effort to understand, manage, and reduce cyber and physical infrastructure risks. It helps connect industry and government stakeholders with resources, analyses, and tools to help them build cyber, communications, physical security, and resilience. The Shields Up initiative by CISA recommends that if an organization is using cloud services, it should ensure that IT personnel have reviewed and implemented strong controls outlined in CISA’s guidance.

Key Players

The major vendors in the CNAPP market include Check Point (Israel), Trend Micro (Japan), Palo Alto Networks (US), CrowdStrike (US), Fortinet (US), Forcepoint (US), Proofpoint (US), Radware (Israel), Zscaler (US), Sophos (UK), Aqua Security (Israel), Cequence Security (US), Illumio (US), Runecast (UK), Data Theorem (US), MetaSecure (US), Tigera (US), Orca Security (US), Skyhigh Security (US), Caveonix (US), Wiz.io (US), Ermetic (US), Banyan Cloud (US), and AccuKnox (US).


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Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

NLP in Education Market size is anticipated to be valued $228 million by 2028

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(EMAILWIRE.COM, July 21, 2023 ) According to a research report "NLP in Education Market by Offering (Solutions and Services), Model Type (Rule-based, Statistical, and Hybrid), Application (Sentiment Analysis & Data Extraction, Intelligent Tutoring & Language Learning), End User and Region - Global Forecast to 2028" published by MarketsandMarkets, the global Natural Language Processing (NLP) in education market size is projected to grow from USD 99 million in 2023 to USD 228 million by 2028, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period. The NLP in education is being used in language learning applications to provide better pronunciation feedback, enhance translation quality, and create conversational bots that allow students to practice speaking with a virtual tutor.

Browse in-depth TOC on "NLP in Education Market”
284 - Tables
46 - Figures
250 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259166534

Solutions segment to hold highest market share during forecast period

Al solutions are widely used as people become more aware of their alleged advantages. The NLP in education is a subset of artificial intelligence (AI) that corresponds to the processing and mining of unstructured data. It helps AI machines comprehend the intricacies and circumstances of language used by people to express themselves. It is often applied to data generated in the form of text, voice, and video materials. NLP in education solutions is provided by vendors like IBM, Microsoft, and Google with cutting-edge functions, including sentiment analysis, text classification & summarization, and speech recognition. Several manufacturers provide high-end NLP in education software solutions or Application Program Interfaces (APIs) with tailored capabilities in response to market customer expectations.

Professional Services segment to hold highest market share during forecast period

Training and consulting, system integration and implementation, and support and maintenance are the three sub-categories of professional services, where these services are supplementary to the purchase of software. A few businesses lack the necessary knowledge to successfully manage infrastructure, and as a result, they contract it out to firms that can offer these services. These services are essential for the deployment of NLP software. They are in charge of supporting, managing, and maintaining the installed software.

Modeling, organizing NLP, upgrading, and offering numerous other IT services are examples of professional services. Organizations that provide these services include big data specialists, devoted project management teams, support software, tools, services, and knowledge with a focus on the design and delivery of key choices.

Asia Pacific (APAC) to record highest growth rate in NLP in education market in 2023

Asia Pacific is anticipated to have the greatest CAGR during the projection period due to its advanced and dynamic adoption of new technologies. The adoption of NLP solutions & services in the region is anticipated to be fueled by the commercialization of AI and ML technologies and the need for additional developments to effectively utilise the technology. More than 50% of the world's population lives in the region. Therefore any significant technology advancements like those predicted by Al are likely to have a significant impact on the region’s future. The majority of the NLP market in education share in this region is held by IBM, Microsoft, Google, and Amazon, together with a number of other important NLP-based solution providers. The region’s SMEs and large businesses have been implementing NLP-based solutions as they have grown more mindful of government rules and compliances.

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Key Vendors

Key and innovative vendors in the NLP in education market are IBM (US), Microsoft (US), Google (US), AWS (US), SAS Institute (US), Inbenta (US), Baidu (China), Welocalize (US), Yellow.ai (US), NICE (US), ABBYY (US), Automated Insights (US), Width.ai (US), Revolve.ai (Islamabad), Primer.ai (US), Carnegie Learning (US), Gecko (US), Ivy.ai (US), Attivio (US), Conversica (US), Avaamo (US), Aylien (Ireland), Haptik (India), Gupshup (US), Sensforth.ai (US), Chivox (China), and Cognii (US). These vendors have adopted many organic as well as inorganic growth strategies, such as product launches, partnerships, and collaborations, to expand their offerings and market shares in the NLP in education market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.



Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

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Project Portfolio Management (PPM) Market Size worth $6.3 billion by 2028

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(EMAILWIRE.COM, August 02, 2023 ) According to a research report "Project Portfolio Management Market by Component (Solutions and Services), Deployment Mode, Organization Size (Large Enterprises & SMEs), Vertical (Energy & Utilities, Government & Defense, BFSI, IT & Telecom) and Region - Global Forecast to 2028" published by MarketsandMarkets, the project portfolio management market size is expected to grow from USD 4.8 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period.

The tactics, instruments, and methods used to manage a project are collectively referred to as project management. Projects are brief; they last for a predetermined period of time and, ideally, produce a finished product or service. Project portfolio management (PPM) software helps in planning and evaluating the potential utility of groups (portfolios) of connected projects, initiatives, and requirements. PPM is a more advanced strategy that connects project management to enterprise management to help firms in choosing projects that best support or align with their goals.

Browse 450 market data Tables and 64 Figures spread through 342 Pages and in-depth TOC on "Project Portfolio Management (PPM) Market”

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Moreover, PPM software helps in managing expenses and budgets, allocating resources, distributing duties, and reporting to stakeholders, project managers and project management offices (PMOs). It makes it easier to choose projects by using reliable information, scoring models, and other quantitative and qualitative methods to make sure that projects are chosen based on pertinent criteria. At the same time, current projects that are not helping the business achieve its goals may be quickly and impartially identified, and they can be withdrawn from the portfolio, owing to such factors the demand for PPM software is increasing.

By component, the services segment captured the highest CAGR during the forecast period.

The Project portfolio management market, by component, includes solution and services. The project portfolio management market covers various services including, consulting and implementation, and training, support, and maintenance. During the forecast period it is expected that the need for professional PPM services such as consulting services are expected to increase to help organizations to understand their unique requirements before implementing any PPM solution. Consulting services are expected to help organizations in selecting the best solution to manage projects, lessen resource overload, and enhance teamwork. PPM solution providers help their customers deploy the solutions in accordance with their needs and the pre-existing IT infrastructure by providing a wide range of services

Based on deployment mode, the on-premises segment is expected to account for the largest market share during the forecast period

The Project portfolio management market, by deployment mode, is segmented into cloud and on-premises. It is expected that during the forecast period, the on-premises segment is estimated to account for the largest market size and share in the project portfolio management market. In on-premises deployment mode, PPM software are implemented and hosted within an organization's own infrastructure, generally within its data centers or servers. With an on-premises implementation, the company is in charge of putting together and maintaining the infrastructure required to host the PPM program. The on-premises deployment model offers enhanced security as compared to cloud deployment mode, hence, such deployment mode is preferred by large enterprises which have sensitive data. However, due to their tight budgets and insufficient resources, SMEs, in general, do not choose the on-premises deployment mode. Such factors are expected to create new growth opportunities for cloud/SaaS bases PPM solutions during the forecasted period.

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North America is projected to hold the largest market share during the forecast period.

The Project portfolio management market has been segmented by region into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. As per region, North America is estimated to account for the largest market share in the global project portfolio management market in 2023, and this trend is expected to continue during the forecast period. The Project portfolio management market in North America has been studied for countries including the US and Canada. The adoption of the project portfolio management solution is expected to be the highest in North America compared to other regions due to the region having a dynamic and competitive business environment characterized by a diverse range of industries. Many businesses in North America prioritize strategic alignment, ensuring that projects support their overarching goals and objectives. PPM solutions have become increasingly popular in this region due to a number of variables, including the need for better project management techniques, the complexity of projects, and the need to accomplish key business goals. Businesses in this developed market are open to a variety of alliances, collaborations, mergers, and acquisitions to diversify their product offerings. The regional headquarters of every major participant in this market are located in this region. The leading companies in this market region are Oracle, Microsoft, Planview, and Broadcom. Compared to the other regions, North America now generates the most income from the project portfolio management market.

Some of the significant project portfolio management market vendors are Oracle Corporation (US), Planview (US), Broadcom (US), SAP (Germany), Microsoft Corporation (US), Adobe Inc. (US), Hexagon (Sweden), ServiceNow (US), Upland Software (US), Atlassian Corporation (US), GFT Technologies (Germany), Micro Focus (UK), Planisware (US), Sciforma (US), and Sopheon (US).

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Gaming Software Market expected to reach USD 230.92 Billion by 2029 at a CAGR of 6.8 percent

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(EMAILWIRE.COM, September 18, 2023 ) As per Maximize Market research, the Gaming Software Market was USD 145.7 Billion in 2022 and is expected to grow at a CAGR of 6.8 percent over the forecast period to reach USD 230.92 Billion by 2029.

Gaming Software Market Report Scope and Research Methodology

The Gaming Software Market Report presents a comprehensive analysis of the gaming software industry, including market scope, size, and segmentation. It delves into market dynamics, technological trends, regional insights, and competitive landscapes. The research methodology involves data collection from primary and secondary sources, data validation, thorough analysis, and market forecasting using historical data and advanced analytical techniques.

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Gaming Software Market Dynamics

Tournaments such as E-Sports, where professional gamers compete on platforms like League of Legends, Dota 2, and Counter-Strike, gained popularity around the world. Skilled video gamers play competitively and it is a thriving global industry. Many people watch e-sports worldwide both online and in person.

Gaming Software Market Regional Insights

North America dominated the largest Gaming Software Market share in the year 2022 and is expected to dominate the market during the forecast period. The market growth of this region is driven by a strong gaming culture, and advanced technological infrastructure drives the Gaming Software Market.

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Gaming Software Market Segmentation

By Type

PC Games
Browser Games
Console Games
Handheld Games
Web-based Games
Smart Phone/Tablet Games

By Purchase

Box/CD Game
Shareware
Freeware
In-App and Purchase-based
Digital

By Distribution Channel

Offline Platform
Online Platform

By Application

Entertainment
Educational
Health & Fitness
Role-Playing
Sports
Puzzle & Board
Casino
Other

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Gaming Software's Key Competitors include

Nvidia Computer Game Company
Valve Corporation, Nexon Co, Ltd.
Bethesda Softworks LLC
Ubisoft Entertainment S.A.
Nintendo Co., Ltd.

Maximize Market Research is leading Information Technology and telecommunication research firm, has also published the following reports:

Gaming Keyboard Market- The market size is expected to reach USD 2.6 Bn. by 2029 at a CAGR of 4.6 percent during the forecast period.

Gaming Earbuds Market- The Market size is expected to reach USD 3.7 Bn. by 2029 at a CAGR of 8.6 percent during the forecast period.

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Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.


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AR VR Software Market Size, Global Trends & Growth Opportunities - 2028

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(EMAILWIRE.COM, October 18, 2023 ) According to a research report "AR VR Software Market by Technology Type (AR Software and VR Software), Software Type (Software Development Kit, Game Engine), Vertical (Media & Entertainment, Retail & eCommerce, Manufacturing, Healthcare) and Region - Global Forecast to 2028" published by MarketsandMarkets, the AR VR Software market is estimated at USD 32.5 billion in 2023 to USD 77.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 19.0%.

In vehicle design and prototyping, VR enables engineers and designers to craft and refine vehicle models in immersive digital environments, facilitating faster iterations and more precise prototyping. AR, on the other hand, enhances real-world showrooms by overlaying digital information, such as vehicle specifications or customization options, onto physical cars. Customers can use AR-equipped devices to explore and visualize vehicles in their preferred configurations, contributing to a more interactive and informed buying process. These applications in the automotive sector drive continuous software development, optimizing the design, marketing, and sales processes for vehicles and augmenting user experiences with cutting-edge technology, further fueling growth of AR VR Software.

Browse 250 market data Tables and 50 Figures spread through 250 Pages and in-depth TOC on "AR VR Software Market”

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By Vertical, the Media & Entertainment segment is estimated to account for the largest market share in 2023.

Streaming platforms, in their pursuit of enriching user experiences, are delving into AR and VR content to expand their content libraries. By integrating augmented and virtual reality elements into their offerings, these platforms aim to captivate subscribers with immersive and interactive content. This diversification not only sets them apart in the highly competitive streaming market but also fuels software development focused on the distribution of AR and VR content. As users seek more engaging and interactive forms of entertainment, streaming platforms are at the forefront of providing these novel experiences, reshaping the landscape of content distribution in the digital age.

By technology, AR Software segment is expected to have fastest growth rate during the forecast period

The continual advancement of mobile devices, particularly smartphones and tablets, has become a catalyst for the development of mobile AR experiences. These devices now boast powerful processors, high-quality cameras, and precise sensors, enabling them to seamlessly integrate AR functionalities into everyday activities. Whether it's navigating with augmented reality directions, trying on virtual clothing, or playing AR games, the enhanced capabilities of mobile devices offer users a gateway to immersive and interactive AR applications. Consequently, developers are increasingly drawn to harnessing this potential, propelling the evolution of AR software that leverages the ubiquity and performance of modern mobile devices.

Asia Pacific to have the largest market size during the forecast period

In the realm of healthcare innovation across the Asia Pacific region, AR and VR technologies have found crucial applications. Medical professionals utilize these technologies for comprehensive medical training, enabling immersive simulations of surgeries and diagnostic procedures. Furthermore, AR and VR facilitate telemedicine, connecting patients with remote healthcare services through virtual consultations and examinations. In patient care, these technologies enhance diagnostics and treatment planning by providing interactive, 3D representations of medical data. The integration of AR and VR contributes to the growth of specialized healthcare software, revolutionizing medical education, patient care, and telemedicine services in the region.

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Market Players

The major vendors covered in the AR VR Software market include Microsoft (US), Google (US), Unity Technologies (US), Adobe (US), Autodesk (US), Meta (US), PTC (US), TeamViewer (Germany), NVIDIA Corporation (US), Advanced Micro Devices (US), Qualcomm (US), Zoho Corporation (India), Hexagon AB (Sweden), Magic Leap (US), VMware (US), Blippar (UK), Augment (France), ShapesXR (US), ARuVR (UK), Scope AR (US), Vectary (US), Eon Reality (US), Wevr (US), Talespin Reality Labs (US), Squint (US), Niantic (US), Marxent Labs (US), Inglobe Technologies (Italy), Ultraleap (US), Amelia (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the AR VR Software market.

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PMO Summit Honors Organizations and Individuals with Global Excellence Awards

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(EMAILWIRE.COM, November 23, 2023 ) Riyadh, KSA, (ARAB NEWSWIRE) -- The Project Management Offices Summit (PMO Summit) concluded its successful second edition on Wednesday in Riyadh, Saudi Arabia, with the grand culmination of the Global Excellence Awards, honoring outstanding organizations and individuals.

The summit, held under the esteemed patronage of H.E. Badr Al-Dulami, Vice Minister for the Ministry of Transport and Logistic Services for Road Affairs, and Acting CEO of the General Authority of Roads, along with H.E. Abdullah Ibrahim Al Abdul Karim, Saline Water Conversion Corporation (SWCC) Governor, was organized at the King Abdulaziz City for Science and Technology.

The opening ceremony witnessed the presence of notable figures including H.E. Dr. Munir Eldesouki, the President of King Abdulaziz City for Science and Technology, H.E. Badr Al-Dulami, H.E. Abdullah Ibrahim Al Abdul Karim, and Eng. Nabil Khalid AlDabal, CEO Transformation at the Ministry of Interior. Partners, sponsors, and local and international media outlets were also present.

The awards presented at the PMO Summit are considered among the most competitive in the project management field in the Kingdom, reflecting a commitment to recognizing excellence in project management practices.
During his speech, H.E. Badr Al-Dulami highlighted the significant efforts made by the Saudi government to achieve a qualitative leap as outlined in the Saudi Vision 2030. The vision aims to foster innovation and creativity in managing distinguished projects across the Kingdom, positioning it as a leading global business and industrial destination.

Eng. Badr M. Burshaid, President of PMO Summit, emphasized the crucial role of project management offices in national transformation and the realization of Saudi Vision 2030 goals. He also announced the launch of the third edition of the Global Project Management Forum scheduled for June 2 to 3, 2024, providing a global platform for discussing best practices and exploring the latest sector developments.

In his address, Eng. Nabil Khalid AlDabal underscored the role of Saudi Vision 2030 as a catalyst for innovation and excellence in project management. He discussed the rapid growth in projects, supporting the project economy and the implementation of Fourth Industrial Revolution technologies in the Kingdom.

The PMO Summit featured a panel session and several technical sessions covering topics such as "Unifying Project Management Operations," "A journey of failure & success in establishing PMOs," "Embracing Stage Gates Methodology for Project Success," and "Diriyah, The City of Earth."

The summit celebrated the achievements of 30 winners of the International Excellence Awards across 10 main tracks, including PMD of the Year, Project Excellence, Social Project of the Year, and Technology Project of the Year. Five memoranda of understanding were also signed on the sidelines of the summit with key entities like the National Center for Government Resources Systems and the Saudi Investment Recycling Company.

In closing, Eng. Burshaid expressed gratitude to participants, speakers, sponsors, and the media for their invaluable support for making the 2023 PMO Summit a success.
-Ends-

Ms. Poornima Tyagi
Media Specialist
Strategic Exhibitions & Conferences
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2024 Insolvency Software Market Size | A complete Outlook 2028

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(EMAILWIRE.COM, January 10, 2024 ) According to a research report "Insolvency Software Market by Offering (Solutions, Services), Organization Size (Large Enterprises, & SMEs), Application (Document Management, Financial Transaction Management, Reporting, Compliance, Creditor Management), Vertical - Global Forecast to 2028" published by MarketsandMarkets, the Insolvency Software market is projected to grow from USD 1.5 billion in 2023 to USD 2.4 billion by 2028, at a CAGR of 10.4% during the forecast period.

Browse in-depth TOC on "Insolvency Software Market”
184 -Tables
43 - Figures
217 - Pages

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Based on organization size, the SME segment is expected to grow with the highest CAGR during the forecast period

SMEs are swiftly advancing toward cloud-based insolvency software solutions to achieve better operational productivity, considering the lower operating costs associated with these solutions. As the number of SMEs is increasing, the adoption of insolvency software solutions is expected also to increase. One of the main reasons expected to fuel the growth of the insolvency software market in the SME segment is the cost-saving benefit that can be achieved by deploying these solutions. The requirement for insolvency software solutions in SMEs arises from simplifying insolvency processes, ensuring compliance, and enhancing financial recovery cost-effectively and efficiently.

Europe is expected to have the largest market size during the forecast period.

Europe has been a global innovator. It is at the forefront of adopting insolvency software technologies and retail and financial services. The region has always depended on the stability and convenience of its well-established payment infrastructure. Europe has led the growth of Insolvency software solutions due to the presence of integrated software vendors that integrate business management capabilities. The widespread adoption of mobile devices, such as smartphones and tablets, and the need for convenient access to financial solutions has positively affected Europe’s Insolvency software market growth.

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Market Players

The Insolvency Software Market comprises significant providers, such as Clio (Canada), CARET (US), Altisource (US), Aryza (Ireland), Stretto (US), Epiq (US), Kroll (US), Turnkey IPS (UK), QwikFile (US), Fastcase (US), CaseWare (Canada), Standard Legal (US), LegalPRO (US), PracticePanther (US), Smokeball (US), Litera (US), stp.one (Germany), NeSL (India), Fileassure (Canada), and CloudLex (US). These competitors have used various growth methods to increase their market share in the Insolvency Software industry, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Global Indoor Access Point Market is projected to reach the value of USD 4.99 billion by 2030

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(EMAILWIRE.COM, January 12, 2024 ) According to the latest analysis by the virtue market research the Indoor Access Point Market was valued at USD 3.39 billion and is projected to reach a market size of USD 4.99 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 5.68%.

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One of the enduring forces propelling the Global Indoor Access Point Market is the insatiable demand for seamless connectivity. As the world becomes increasingly digitalized, the need for robust indoor wireless networks has become pivotal. The long-term market driver lies in the sustained growth of smart homes, smart offices, and the burgeoning Internet of Things (IoT) ecosystem. With consumers relying on a myriad of connected devices, from smartphones to smart appliances, the demand for efficient and high-performing indoor access points has soared.

The COVID-19 pandemic, while presenting unprecedented challenges, has also acted as a catalyst for the indoor access point market. The shift towards remote work and online education has accentuated the importance of reliable indoor connectivity. The market has responded dynamically, with increased investments in enhancing network infrastructure to meet the surge in demand for bandwidth and ensure uninterrupted communication. Consequently, the pandemic has not only underscored the significance of indoor access points but has also accelerated their adoption across various sectors.

In the short term, an emerging market driver is the rapid evolution of Wi-Fi technologies. The introduction of Wi-Fi 6, with its advanced features such as higher data transfer rates, increased device capacity, and improved performance in crowded environments, has spurred a wave of upgrades in indoor access point infrastructure. Organizations and individuals alike are recognizing the need to stay at the forefront of technological advancements, driving a surge in the adoption of Wi-Fi 6-enabled access points.

Amidst the challenges and drivers, the Global Indoor Access Point Market presents a significant opportunity in the realm of smart cities. The integration of indoor access points within the broader smart city framework is poised to redefine urban living. The opportunity lies in creating interconnected environments where citizens can seamlessly connect to public networks, facilitating improved services, from transportation to healthcare.

A notable trend observed in the industry is the growing emphasis on cloud-managed access points. This shift is transforming the way organizations manage and deploy their wireless networks. Cloud-managed access points offer unparalleled flexibility and scalability, allowing businesses to adapt quickly to changing needs. The trend towards cloud-based solutions is redefining the landscape of indoor access point management, enabling centralized control and real-time monitoring.

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Market Segmentation:
By Type: Single Band, Dual Band, Tri-band, and Other
Among these, the largest player in this segment is the reliable Dual Band. With its ability to operate on two different frequency bands simultaneously, it caters to the increasing demand for efficient and interference-free connectivity. Dual Band access points have become the go-to choice for businesses and households alike, providing a robust solution to the ever-expanding network needs. On the flip side, the fastest-growing contender during the forecast period is the Tri-band access point. Boasting an additional frequency band, these access points are carving a niche for themselves, promising enhanced performance and reduced network congestion.

By Deployment: Ceiling-Mounted, Desktop, Wall-Mounted, and Others
Among the diverse deployment options, the largest in this segment is the unassuming Desktop. Catering to the simplicity and convenience sought by users, Desktop access points find their place in various settings, from homes to small businesses. On the flip side, the fastest-growing deployment option is the Wall-Mounted access point. As spaces become more compact and the need for unobtrusive yet powerful connectivity grows, Wall-Mounted access points emerge as the preferred choice. Their versatility in blending with the environment and providing efficient coverage make them the rising star in the deployment arena.

By Range: Short Range, Mid – Range, and Long Range
Within this segment, the largest player is the versatile Mid-Range access point. Striking a balance between coverage and signal strength, Mid-Range access points find widespread use in various environments, offering a sweet spot for users who require a reliable connection without compromising on speed. On the other end of the spectrum, the fastest-growing range is the Short Range access point. With the increasing demand for connectivity in confined spaces, Short Range access points are witnessing a surge in adoption, providing robust performance where it's needed most.

Regional Analysis:
Among the diverse regions, North America emerges as the largest player in this segment. The technologically advanced landscape and high adoption rates contribute to its dominance. Meanwhile, the fastest-growing region during the forecast period is Asia-Pacific. The burgeoning economies, coupled with a rapid digital transformation, drive the demand for indoor access points in this region. As businesses and households embrace connectivity, Asia-Pacific takes the lead in shaping the future growth trajectory of the global indoor access point market.

Latest Industry Developments:
• Embracing Edge Computing Integration: Companies in the Global Indoor Access Point Market are increasingly integrating edge computing capabilities into their products. This trend signifies a strategic move to enhance the processing power and reduce latency by bringing computation closer to the data source. By incorporating edge computing into indoor access points, companies aim to deliver faster and more efficient data processing, catering to the growing demand for real-time applications and services. This strategy not only improves the overall user experience but also positions companies at the forefront of technological advancements in the market.

• Rapid Adoption of Artificial Intelligence (AI) and Machine Learning (ML): A notable trend among market players involves the accelerated integration of AI and ML technologies into indoor access points. This strategic move is designed to optimize network performance, enhance security protocols, and enable predictive maintenance. By leveraging AI and ML algorithms, companies can analyze data patterns, predict network issues, and dynamically adjust configurations for optimal performance. This forward-looking strategy not only boosts the intelligence of indoor access points but also contributes to the overall efficiency and reliability of wireless networks, meeting the evolving needs of businesses and consumers.

• Focus on Sustainable and Energy-Efficient Solutions: Companies are increasingly prioritizing sustainability in response to global environmental concerns. A significant trend in the market is the development and promotion of energy-efficient indoor access points. This involves the incorporation of eco-friendly materials, energy-saving features, and compliance with stringent environmental standards. By aligning their product offerings with sustainability goals, companies not only contribute to environmental conservation but also appeal to a growing segment of environmentally conscious consumers. This trend reflects a strategic commitment to responsible business practices, positioning companies favorably in the eyes of customers and stakeholders.

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Global Fieldbus Market is projected to reach the value of USD 19.54 billion by 2030

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(EMAILWIRE.COM, January 17, 2024 ) According to the latest analysis by the virtue market research the Global Fieldbus Market was valued at USD 12.01 billion and is projected to reach a market size of USD 19.54 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 7.2%.

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A steadfast long-term driver of the Fieldbus market lies in its resilience to external disruptions. The sector has proven its mettle over the years by weathering economic downturns and geopolitical uncertainties. The steadfast integration of Fieldbus systems across industries has contributed to enhanced operational efficiency and reduced downtime, positioning it as a robust solution for sustained growth.

However, the global upheaval caused by the COVID-19 pandemic has cast a formidable shadow over industries worldwide, and the Fieldbus market is no exception. The lockdowns, supply chain disruptions, and workforce challenges have momentarily slowed the market's momentum. Yet, the crisis has also underscored the necessity for resilient and adaptive technologies, propelling innovation in the Fieldbus domain. As industries recalibrate their strategies to navigate the post-pandemic landscape, Fieldbus technology emerges as a cornerstone for building agile and responsive industrial ecosystems.

In the short term, the Fieldbus market experiences a surge driven by the escalating demand for real-time data and advanced communication protocols. As industries embrace the era of Industry 4.0, the need for seamless connectivity and data exchange becomes paramount. Fieldbus technology, with its ability to facilitate rapid communication between devices, emerges as a catalyst in this transformative journey.

Simultaneously, an exciting opportunity unfolds in the realm of cybersecurity. As industries become increasingly interconnected, the vulnerability to cyber threats escalates. Fieldbus systems, serving as the nerve center for data exchange, prompt a surge in demand for robust cybersecurity solutions. This creates a burgeoning market for innovative cybersecurity technologies tailored to safeguard Fieldbus networks, ensuring the integrity and confidentiality of critical data.

A prevailing trend in the Fieldbus market centers around the convergence of technologies. The integration of Fieldbus systems with artificial intelligence (AI) and machine learning (ML) algorithms is on the ascent. This synergy empowers industries to glean actionable insights from the wealth of data generated by Fieldbus networks. Predictive maintenance, process optimization, and anomaly detection become more attainable, heralding a new era of efficiency and intelligence in industrial operations.

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Market Segmentation:
By Product Type: Profibus, Modbus, canbus, Hart, others
n the colorful tapestry of Fieldbus products, one stands as the giant in the room—Profibus. It towers over its counterparts, establishing itself as the largest contributor to the Fieldbus market within the product type segment. Profibus, with its robust communication capabilities, has become the go-to choice for industries seeking reliable and efficient data exchange.

Yet, amidst this dominance, a silent contender emerges as the fastest-growing star during the forecast period—the Wireless Fieldbus. Like a shooting star streaking across the technological sky, wireless Fieldbus captures attention with its agility and adaptability. As industries increasingly prioritize flexibility and reduced wiring complexities, wireless Fieldbus takes center stage, promising rapid growth in the times to come.

By Application : Factory Automation, Process Automation
Fieldbus technology finds its canvas painted with various applications, each contributing uniquely to its vibrant palette. Process Automation emerges as the behemoth in this segment, reigning as the largest application of Fieldbus systems. Industries worldwide turn to Process Automation, leveraging Fieldbus technology to streamline and enhance their operational processes.

Yet, in the wings, another application takes swift strides as the fastest-growing during the forecast period—Factory Automation. Like a sprout blossoming into a robust tree, Factory Automation gains momentum. The need for efficient and intelligent control systems in manufacturing processes propels Fieldbus technology into the heart of Factory Automation, promising unprecedented growth in the coming years.

Regional Analysis:
The geographical landscape introduces a mosaic of opportunities and challenges for the Fieldbus market. In North America, the largest region within this segment, Fieldbus technology finds a robust foundation. The region's industrial prowess and technological appetite contribute significantly to the market's overall size.

However, as we cast our gaze towards the fastest-growing region during the forecast period, Asia Pacific emerges as the rising star. With a vibrant mix of developing economies and technological advancements, Asia Pacific becomes the hotbed for Fieldbus growth. Like a seed finding fertile soil, Fieldbus technology takes root and rapidly proliferates, promising a dynamic and evolving market landscape in the years ahead.

Latest Industry Developments:
• In response to the growing demand for interconnected industrial ecosystems, companies in the Fieldbus market are increasingly focusing on enhancing interoperability. Recent developments indicate a trend where key players are investing in research and development to ensure that their Fieldbus solutions seamlessly integrate with diverse automation devices and systems. This strategy not only addresses the need for standardized communication protocols but also positions these companies as enablers of comprehensive solutions for industries embracing Industry 4.0.

• With the escalating threat landscape in the digital realm, cybersecurity has emerged as a pivotal focus for companies vying for market share in the Fieldbus domain. Recent developments underscore a noticeable trend where industry leaders are proactively investing in robust cybersecurity measures for their Fieldbus systems. This includes the integration of advanced encryption protocols, secure access controls, and continuous monitoring solutions. By prioritizing cybersecurity, companies aim not only to safeguard sensitive industrial data but also to instill confidence among end-users regarding the reliability and security of their Fieldbus offerings.

• Another discernible trend shaping company strategies in the Fieldbus market is the expansion of service offerings and support ecosystems. Recognizing the evolving needs of end-users, companies are diversifying beyond traditional product-centric approaches. Recent developments highlight a shift towards comprehensive service portfolios, including training programs, troubleshooting assistance, and customized solutions. By providing a holistic support ecosystem, these companies not only enhance customer satisfaction but also fortify their market presence by positioning themselves as reliable partners throughout the lifecycle of Fieldbus implementations.

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Global IoT in Smart Utility and Energy Market is projected to reach the value of USD 66.92 Billion by 2030

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(EMAILWIRE.COM, January 24, 2024 ) According to the latest analysis by the virtue market research 2023, the Global IoT in Smart Utility and Energy Market was valued at USD 30.64 Billion and is projected to reach a market size of USD 66.92 Billion by 2030. Over the forecast period of 2024-2030 the market is projected to grow at a CAGR of 11.8%.

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The global IoT in Smart Utility and Energy market has witnessed a remarkable trajectory over the years, guided by a mix of long-term drivers and real-time challenges. One pivotal long-term market driver has been the relentless pursuit of sustainability and efficiency. With the pressing need to address environmental concerns, governments and industries alike have embraced IoT solutions to optimize energy consumption and promote sustainable practices.

The COVID-19 pandemic, while presenting unprecedented challenges, has also catalyzed transformative changes in the smart utility and energy sector. The crisis underscored the importance of resilient and adaptive systems. As a response, IoT technologies have played a crucial role in ensuring the continuity of operations through remote monitoring, predictive maintenance, and data-driven decision-making. The pandemic has, therefore, acted as a catalyst, intensifying the adoption of IoT in the smart utility and energy landscape.

In the short term, a key market driver is the growing demand for real-time data analytics. Organizations are increasingly leveraging IoT to gain insights into their energy consumption patterns, enabling them to make informed decisions promptly. This surge in demand for data analytics solutions is propelling the growth of the IoT in Smart Utility and Energy market, creating a dynamic ecosystem where actionable intelligence is a key differentiator.

Amidst the challenges and drivers, the industry is presented with a notable opportunity in the form of grid modernization. The aging infrastructure of traditional utility grids is a critical concern, and the integration of IoT technologies provides a strategic opportunity to revitalize these systems. Smart meters, sensors, and other IoT devices enable utilities to monitor and manage the grid in real time, reducing downtime and enhancing overall efficiency.

A prominent trend observed in the industry is the convergence of IoT with other transformative technologies, such as Artificial Intelligence (AI) and Blockchain. This synergy amplifies the capabilities of smart utility and energy systems. AI algorithms enhance predictive analytics, enabling more accurate forecasting of energy demand and supply. Blockchain, on the other hand, ensures the security and transparency of transactions within the IoT network, fostering trust among stakeholders.

The energy landscape is evolving, and the IoT in Smart Utility and Energy market is at the forefront of this transformation. As industries increasingly recognize the potential of IoT technologies to drive efficiency, sustainability, and innovation, the market is poised for substantial growth. The long-term commitment to sustainability, coupled with the short-term demand for real-time analytics and the opportunities presented by grid modernization, positions the industry as a key player in the global shift towards a smarter and more sustainable energy future.

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Market Segmentation:
By Components: Platform, Solutions, Services
In the vast landscape of the Global IoT in Smart Utility and Energy Market, a detailed exploration of its components unveils a nuanced picture. Comprising Platforms, Solutions, and Services, each element plays a distinct role in shaping the industry's trajectory. Among these, Solutions emerge as the largest component, wielding substantial influence. Notably, Solutions are poised to be the fastest-growing segment during the forecast period. The dynamic nature of the Solutions component underscores its pivotal role in driving innovation and efficiency in the smart utility and energy sector.

By Solution: Asset Monitoring Management, Safety & Security, Supervisory Control and Data Acquisition (SCADA), Connected Logistics, Energy Management, Mobile Workforce Management, Others
Asset Monitoring Management, Safety & Security, Supervisory Control and Data Acquisition (SCADA), Connected Logistics, Energy Management, Mobile Workforce Management, and Others constitute the rich tapestry of Solutions. Notably, Energy Management emerges as the largest subsegment within this category, asserting its significance in optimizing energy consumption and promoting sustainable practices. On the flip side, the Connected Logistics subsegment takes the spotlight as the fastest-growing element in Solutions, reflecting the industry's rapid adaptation to real-time data analytics and seamless connectivity.

By Services: Consulting, Integration and Deployment, Support and Maintenance
Within this realm, Integration and Deployment stand out as the largest contributor, underscoring the importance of seamless integration of IoT solutions into existing infrastructure. Moreover, Integration and Deployment also take the lead as the fastest-growing subsegment, signifying the industry's ongoing commitment to optimizing operational processes and ensuring the smooth deployment of cutting-edge technologies.

By Application: Water and Wastewater Management, Oil & Gas Management, Electricity Grid Management, Coal Mining, Others
In the sprawling expanse of the Global IoT in Smart Utility and Energy Market, the role of applications is a critical aspect shaping its landscape. Applications such as Water and Wastewater Management, Oil & Gas Management, Electricity Grid Management, Coal Mining, and Others delineate the diverse areas where IoT technologies find practical application. Among these, Electricity Grid Management emerges as the largest application, showcasing its significance in optimizing the distribution and consumption of electrical power. Additionally, the Oil & Gas Management application steals the spotlight as the fastest-growing during the forecast period, underscoring the industry's dynamic response to evolving energy needs.

Regional Analysis:
The regions, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa, each contribute to the market's global dynamics. Notably, North America stands out as the largest region, reflecting its early and robust adoption of IoT technologies in smart utility and energy systems. Meanwhile, the Asia-Pacific region takes center stage as the fastest-growing during the forecast period, pointing towards a burgeoning interest and rapid integration of IoT solutions in this dynamic and diverse geographical segment.

Latest Industry Developments:
• Integration of Edge Computing: Companies in the Global IoT in Smart Utility and Energy Market are increasingly adopting edge computing as a strategic trend to enhance their market share. Edge computing enables real-time data processing and analysis at the edge of the network, reducing latency and improving overall system efficiency. Recent developments showcase a growing emphasis on deploying edge computing solutions in smart utility grids, allowing companies to make quicker, more informed decisions and gain a competitive edge in the market.

• Emphasis on Cybersecurity Solutions: The rising awareness of cybersecurity threats has led companies to prioritize robust cybersecurity solutions as a key trend in enhancing market share. Recent developments highlight a proactive approach in integrating advanced security measures to protect IoT devices and networks in the smart utility and energy sector. As the industry becomes more interconnected, companies recognize the importance of securing sensitive data and infrastructure, thereby building trust among clients and stakeholders, and ultimately strengthening their market position.

• Collaborative Ecosystems and Partnerships: A notable trend among companies striving to enhance their market share is the establishment of collaborative ecosystems and strategic partnerships. Recent developments indicate a shift towards forming alliances with technology providers, utility companies, and other stakeholders. By fostering collaboration, companies can leverage complementary strengths, share resources, and accelerate innovation. This trend reflects a recognition of the complex and evolving nature of the IoT in Smart Utility and Energy Market, where collaborative efforts can lead to comprehensive solutions and a more competitive market presence.

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Global Photovoltaic Floor Market is projected to reach the value of USD 156.07 Billion by 2030

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(EMAILWIRE.COM, January 24, 2024 ) According to the latest analysis by the virtue market research in 2023, the Global Photovoltaic Floor Market was valued at USD 81.2 Billion and is projected to reach a market size of USD 156.07 Billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 8.51%.

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One of the stalwart long-term drivers of the Global Photovoltaic Floor Market is the relentless global shift towards renewable energy sources. As societies around the world grapple with the implications of climate change, there has been an increasing emphasis on sustainable energy solutions. Photovoltaic floors, harnessing the power of the sun to generate electricity, have emerged as a frontrunner in this endeavor. The market's growth trajectory has remained steadfast, fueled by governments' renewable energy policies, corporate sustainability initiatives, and a growing awareness among consumers about the environmental impact of traditional energy sources.

However, the COVID-19 pandemic cast a shadow over numerous industries, and the Photovoltaic Floor Market was no exception. The initial disruption in supply chains, coupled with uncertainties about the economic fallout, led to a temporary slowdown. Despite these challenges, the industry exhibited remarkable resilience. Governments worldwide, recognizing the strategic importance of renewable energy, continued to support and invest in solar technologies. The pandemic, in an unexpected twist, accelerated the adoption of renewable energy solutions as nations sought to build back greener and more sustainably.

In the short term, the Photovoltaic Floor Market is being propelled forward by the increasing focus on urban sustainability. As cities grapple with rising energy demands and environmental concerns, the integration of photovoltaic floors in urban landscapes has gained momentum. Governments and urban planners, recognizing the dual benefits of energy generation and sustainable infrastructure, are driving investments in solar technologies within city limits.

Simultaneously, a noteworthy opportunity has emerged in the form of technological advancements. Innovations in photovoltaic floor materials, designs, and installation processes are making solar solutions more efficient and cost-effective. This has not only expanded the market reach but has also made solar energy an increasingly viable option for a broader consumer base.

One prominent trend that has captured the industry's attention is the growing interest in smart and connected photovoltaic floor systems. These systems, equipped with sensors and data analytics capabilities, enable real-time monitoring and optimization of energy production. This trend aligns with the broader wave of digitalization and the Internet of Things (IoT) across various industries. The integration of smart technologies into photovoltaic floors not only enhances their efficiency but also opens up new possibilities for sustainable energy management in smart cities and buildings.

As the Global Photovoltaic Floor Market navigates the dynamics of long-term drivers, short-term influences, opportunities, and emerging trends, it stands at the intersection of technological innovation and environmental stewardship. The resilience demonstrated during the challenges posed by the COVID-19 pandemic underscores the industry's commitment to a sustainable and renewable future. As we move forward, the collaborative efforts of governments, businesses, and consumers will play a pivotal role in shaping the trajectory of the Photovoltaic Floor Market and its contribution to a cleaner, greener planet.

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Market Segmentation:
By Technology: Crystalline Silicone, Thin-Film, and Others
In the vast landscape of the Global Photovoltaic Floor Market, technology serves as the compass guiding the industry's trajectory. Three main technological categories, namely Crystalline Silicone, Thin-Film, and Others, shape the market's dynamics.
Crystalline Silicone emerges as the behemoth in this technological realm. With its efficient energy conversion capabilities and widespread adoption, it claims the throne as the largest segment. Its dominance is not merely symbolic but is substantiated by its widespread usage in various solar applications, from residential installations to large-scale industrial projects. Moreover, as technology advances, Crystalline Silicone is poised to maintain its supremacy, earning the title of the fastest-growing technological segment during the forecast period.

By Product: Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon, and Copper Indium Gallium Di-Selenide
Among these, Copper Indium Gallium Di-Selenide stands tall as the largest in this segment. Its unique composition and flexibility make it a preferred choice for specific applications where adaptability is crucial. Concurrently, Monocrystalline emerges as the fastest-growing product category. Its efficiency and evolving manufacturing techniques position it as the rising star in the Photovoltaic Floor Market, capturing the imagination of industries and individuals alike.

By End-Use: Residential, Commercial and Industrial, and Utility
Within this spectrum, the commercial and industrial segment stands out as the largest consumer. As businesses increasingly prioritize sustainability, the integration of photovoltaic floors into commercial and industrial spaces has become a hallmark of responsible energy practices. The sector's appetite for renewable energy solutions propels it to the forefront of market consumption.

Simultaneously, the commercial and industrial segment is not just the largest but also the fastest-growing end-use category. The momentum behind this growth is fueled by a confluence of factors, including governmental incentives, corporate sustainability commitments, and the overall push for a cleaner energy landscape.

Regional Analysis:
Asia-Pacific emerges as the largest player in this geographical segment. The region's voracious appetite for energy, coupled with a proactive approach towards renewable sources, positions it as the epicenter of the Photovoltaic Floor Market. The continent's vast market share is a testament to its commitment to harnessing solar power for sustainable development.
Furthermore, as the industry charts its course into the future, Asia-Pacific retains its position as the fastest-growing region during the forecast period. The confluence of economic growth, technological advancements, and environmental considerations propels the region into a leadership role, shaping the narrative of the Photovoltaic Floor Market on a global scale.

Latest Industry Developments:
• Strategic Alliances and Partnerships: Companies in the Photovoltaic Floor Market are increasingly opting for strategic alliances and partnerships to foster innovation and broaden their market reach. Recent trends reveal collaborations between solar technology firms and construction companies to integrate photovoltaic floors seamlessly into building projects. These partnerships not only leverage the expertise of each party but also contribute to the development of cutting-edge solutions that cater to diverse consumer needs.

• Focus on Sustainable Design and Aesthetics: A notable trend in the market is the emphasis on sustainable design and aesthetics, with companies recognizing the importance of blending renewable energy solutions seamlessly into the built environment. Recent developments showcase a shift towards aesthetically pleasing photovoltaic floor designs that complement architectural elements. This trend aims to overcome traditional barriers related to the visual impact of solar installations, making them more appealing to a broader consumer base and driving market penetration.

• Investment in Research and Development (R&D): Companies are directing significant resources towards research and development initiatives to stay at the forefront of technological advancements. Recent developments highlight a surge in R&D investments focused on enhancing the efficiency and durability of photovoltaic floor materials. This trend is driven by the quest for more cost-effective and sustainable solutions, as companies seek to differentiate themselves in a competitive market by offering products that align with evolving consumer expectations and global sustainability goals.

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G2's 2024 Winter Reports: VideoMost Recognized as a High Performer in Group Video Meetings

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(EMAILWIRE.COM, January 25, 2024 ) Dubai, UAE – (ARAB NEWSWIRE) - VideoMost, corporate communications software provider, is thrilled to announce that in the G2 Winter 2024 Grid Report its product has successfully secured the High Performer spot in the Video Conferencing and VPaaS categories.

G2 is the world’s largest and most trusted software marketplace. More than 60 million people annually — including employees at all of the Fortune 500 — use G2 to make smarter software decisions based on authentic peer reviews.

The G2 Grid® is a widely respected industry benchmark that evaluates technology solutions based on user reviews, market presence, and overall customer satisfaction. Products are ranked in four categories: Leaders, High Performers, Contenders, and Niche solutions.

VideoMost is included in High Performing products on the Grid® that consistently receive high customer satisfaction scores, highlighting their ability to meet and exceed user expectations. VideoMost overall rating is 9.0, which is calculated based on multiple factors, such as ease of use, quality of support, ease of setup, etc. This acknowledgment is a result of real user feedback on various aspects of video conferencing and corporate communication software, collected through the G2 review process.

“VideoMost has been recognized in the Video Conferencing Software industry for its outstanding results for the 13th consecutive quarter, and we are proud to share these results not only on a global level, but also in the India and Asia Pacific Reports for Winter 2024.”- said Alex Kravchenko, vice president VideoMost. “We constantly strive to improve our features and offer outstanding products for our customers. These honors and recognitions are a testament to our devotion and commitment.”

VideoMost is like Zoom or Teams but self-hosted video conferencing and UC software that keeps all information (voice, video, text, files, screen sharing, chat messages, recordings etc.) secure inside your organization, not in the cloud. VideoMost is licensed in dozens of countries as an SDK.

VideoMost is a powerful and secure enterprise-grade communication platform to enable people team work from any device / any network. The product is hosted, controlled, run and maintained by a service provider or enterprise customer. VideoMost offers digital independence to developing nations from the US big tech cloud communication services. This is an advantage for organizations that may have privacy concerns or have regulatory requirements around data protection.

About G2
G2 is the world’s largest and most trusted software marketplace. More than 60 million people annually — including employees at all of the Fortune 500 — use G2 to make smarter software decisions based on authentic peer reviews.

VideoMost
Alexander Kravchenko, Vise President
+971 54 237 5829
Kravchenko@videomost.ae

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Bureau Expands Its Southeast Asia Presence with Expansion into the Philippines, and Indonesia.

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(EMAILWIRE.COM, February 01, 2024 ) MANILA – (ASIA NEWSWIRE) - Bureau, a global leader in identity decisioning and fraud prevention, today announced its strategic expansion into two key Southeast Asian markets: the Philippines, and Indonesia. This move solidifies Bureau's commitment to providing comprehensive and cutting-edge fraud and risk prevention solutions to digital-first businesses in the region.

With a rapidly growing digital economy and constantly evolving regulatory compliance, Southeast Asia presents both exciting opportunities and significant challenges for FinTechs and Digital Banks. Fraudulent activity threatens to undermine trust and stifle growth, making robust fraud prevention measures crucial.

Bureau's diverse suite of solutions tackles this problem head-on, empowering FinTechs across the region to:

Prevent fraudulent users from entering their systems: Bureau maps digital personas, using user’s email, phone, and social profiles, to physical identities and analyzes behavioral activity to identify and remove suspicious users effectively, in real-time.

Guard against evolving fraud tactics: From device intelligence to device fingerprinting and behavioral biometrics, Bureau offers a comprehensive ML-based arsenal to combat synthetic frauds and money mules.

Gain actionable insights on New-to-Credit Borrowers: Tokenized risk scores and contextual analysis provide clear, actionable insights, to guide informed decision-making with the help of alternative risk intelligence signals.

Leverage a powerful Trust Network: Bureau's unique network, built based on millions of processed data across regions, assesses risk based on connections between digital personas, physical identities, and behaviour patterns, offering a deep understanding of individual users.

"We understand the specific challenges faced by financial services in Southeast Asia," says Ranjan R Reddy, CEO of Bureau. "Our targeted solutions are designed to address these challenges related to new-to-credit borrowers against money mules, social engineering, and account takeovers offering a tactical approach that solves real-world fraud problems for businesses of all sizes."

"Southeast Asia presents a fertile ground for tech innovation in financial services," states Preekshit Gupta, VP of SEA and MEA at Bureau. "With the ever-evolving nature of fraud, having a trusted partner like Bureau is crucial for FinTechs and Banks going digital, to protect their investments and maintain their customers' trust. We are proud to be their go-to partner for achieving sustainable growth through effective fraud prevention."


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Maruthi Kumar S
09710763486
maruthi@bureau.id

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Composite AI Industry worth $4.4 billion by 2028

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(EMAILWIRE.COM, March 12, 2024 ) The global Composite AI Market size is poised to grow from $0.9 billion in 2023 to $4.4 billion by 2028, at a CAGR of 36.5% during the forecast period.

The growing availability of data, growing intricacy of AI applications for better performance is fuelling the market growth.

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Software to hold the largest market share during the forecast period.

Composite AI software typically provides a platform or framework enabling seamless integration and orchestration of different AI models or algorithms. It allows users to leverage the diverse capabilities of these AI components to solve multifaceted challenges and make more informed decisions. With composite AI software, organizations can build sophisticated AI applications that can process and analyze diverse data types, understand complex patterns, generate insights, make predictions, and perform tasks that require a combination of AI techniques. The software enables the development of intelligent systems that can handle real-world complexities and deliver robust and reliable results.

Data mining & machine learning to grow at the highest CAGR during the forecast period

Data mining and machine learning techniques are crucial in implementing Composite AI solutions in the market. Combining data mining and machine learning techniques within composite AI solutions enables the system to analyze vast amounts of data, discover patterns, make predictions, and optimize decision-making. These techniques form the foundation for developing and deploying AI models and algorithms that power composite AI systems. They enable composite AI solutions to harness the power of data and deliver intelligent, adaptive, and context-aware capabilities across various domains and applications.

Product design & development to hold the largest market share during the forecast period

Product design and development applications play a vital role in composite AI solutions by facilitating the creation, iteration, and improvement of AI-powered products and services. Product design and development applications enable the creation of prototypes and simulations of AI-powered systems. Product design and development applications emphasize user-centric design principles, ensuring that the composite AI solution is intuitive, usable, and meets the needs of the end users. Hence, product design and development applications are crucial in shaping the user experience, integrating AI components, facilitating iterative development, ensuring scalability, monitoring performance, and addressing compliance and ethics considerations within composite AI solutions.

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Asia Pacific to hold the highest CAGR during the forecast period

The Asia Pacific segment is anticipated to grow at the highest CAGR during the forecast period, driven by advancements in AI technologies, increasing data availability, and the growing digital transformation initiatives in various industries. As AI technologies continue to advance and organizations embrace digital transformation, the adoption of Composite AI solutions is expected to grow further in the region.

Major vendors in the global composite AI market are IBM (US), SAS Institute (US), Microsoft (US), Google (US), AWS (US), Salesforce (US), BlackSwan Technologies (Israel), Oracle (US), OpenText (Canada), SAP (Germany), HPE (US), Pega (US), NVIDIA (US), Intel (US), UiPath (US), Zest AI (US), Dynamic Yield(US), DataRobot(US), H2O.ai(US), Squirro(Switzerland), CognitiveScale(US), SparkCognition (US), Diwo(US), ACTICO (Germany), Kyndi(US), Nauto(US), Netra(US), and Exponential AI (US).

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Field Service Management Market 2028 Size, Share, Trends, Growth Opportunities, Applications and Key Manufacturers

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(EMAILWIRE.COM, April 02, 2024 ) Field Service Management Market Size / Numbers

According to a research report "Field Service Management Market by Offering (Solutions, Services), Deployment Mode (On-premises, Cloud), Organization Size, Vertical (Manufacturing, Transportation & Logistics, Construction & Real Estate) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Field Service Management Market is expected to grow from USD 4.0 billion in 2023 to USD 7.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. The growing manufacturing sector and expanding services industries boost the field service management market growth during the forecast period.

Browse in-depth TOC on "Field Service Management Market”
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57 - Figures
283 - Pages

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By offering, the solutions segment will hold a larger market size during the forecast period.

Field Service Management (FSM) solutions are comprehensive software platforms designed to optimize and streamline the management of field service operations. These solutions comprise various functionalities, including scheduling, dispatching, route optimization, technician management, inventory management, work order management, customer management, and reporting and analytics. FSM solutions empower organizations across various industries, such as utilities, telecommunications, healthcare, manufacturing, and retail, to efficiently manage their field service workforce, resources, and activities. One of the critical features of FSM solutions is advanced scheduling capabilities, which enable organizations to assign tasks to field technicians based on factors such as technician skills, availability, location, and priority. Dispatching functionalities further enhance operational efficiency by facilitating the real-time assignment of tasks to technicians, considering factors such as current location, traffic conditions, and urgency. Route optimization algorithms help minimize travel time and fuel costs by determining the most efficient routes for technicians to follow between service locations. AI-powered algorithms analyze a vast amount of data collected from various sources, including historical service data, technician performance metrics, and real-time environmental factors, to generate actionable insights and predictive analytics. These insights enable organizations to anticipate equipment failures, schedule proactive maintenance, and optimize resource allocation, ultimately improving service quality and reducing downtime.
Additionally, the proliferation of mobile devices and applications empowers field technicians with real-time access to critical information, job assignments, customer data, and collaboration tools while on the field. As per the ReachOut survey for 2020, the integration of mobility and artificial intelligence (AI) results in a 30% to 40% enhancement in the productivity of field service technicians. Thus, FSM solutions empower organizations to overcome challenges, capitalize on opportunities, and achieve excellence in field service delivery.

By vertical, the manufacturing segment holds the largest market share during the forecast period.

The use of field service management in the manufacturing sector is extensive. Field service management is critical in ensuring the efficient operation of manufacturing processes by managing and maintaining equipment, providing timely repairs and maintenance, and optimizing resource allocation. Key priorities include minimizing downtime, improving asset performance, and enhancing overall operational efficiency to meet production targets and maintain competitiveness in the market. Advanced field service management solutions tailored to the unique needs of the manufacturing industry offer capabilities such as predictive maintenance, remote monitoring, and real-time data analytics to streamline operations and drive business growth. FSM solutions are employed for work order management, scheduling, dispatch and route optimization, customer management, inventory management, service contract management, reporting & analytics, with benefits such as, but not limited to, enhanced productivity, reduced downtime, and improved customer satisfaction.

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By Region, Asia Pacific will grow at the highest CAGR during the forecast period.

FSM emerges as a critical enabler of operational efficiency and business resilience in Asia. The demand for FSM solutions is rising with the region's burgeoning SME sector, including significant players in emerging markets such as India, China, and Japan. Key vendors like Salesforce, Microsoft, IFS, Trimble, and Oracle are in charge of providing innovative FSM solutions tailored to the unique needs of businesses in this diverse market. Companies like Tata Consultancy Services (TCS) and Zinier have launched digital solutions to help field service organizations adapt quickly to unexpected disruptions, further underlining the importance of FSM in navigating the challenges of today's business environment. Major players offering FSM solutions in the region include Oracle, Microsoft, Salesforce, ServiceMax, IFS, and SAP SE.

Key Players

Some of the key players operating in the Field Service Management Market are – Oracle (US), Microsoft (US), SAP (US), IFS (Sweden), ServiceMax (US), Salesforce (US), Infor (US), Trimble (US), Comarch (Poland), ServicePower (US), ServiceNow (US), OverIT (Italy), FieldAware (US), Zinier (US), Accruent (US), Praxedo (France), FieldEZ (India), FieldEdge (US), Jobber (Canada), ServiceTitian (US), Kickserv (US), MHelpesk (US), Skedulo (US), Service Fusion (US), Husky Intelligence (UK), Field Pulse (US), Workiz (US), and Nomadia (France).

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