Unified Endpoint Management Market Worth 7.06 Billion USD by 2022

According to a new market research report "Unified Endpoint Management Market by Type (Solutions and Services), Organization Size (Large Enterprises and SMEs), Vertical (BFSI, Telecommunication & IT, Consumer Goods & Retail, Healthcare, Manufacturing), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated to be USD 1.40 Billion in 2017 and is projected to reach USD 7.06 Billion by 2022, at a CAGR of 38.2% from 2017 to 2022.

Browse 68 market data Tables and 38 Figures spread through 129 Pages and in-depth TOC on "Unified Endpoint Management Market"

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The need for a single UEM solution that can manage traditional and non-traditional endpoints is one of the most significant factors projected to drive the growth of the Unified Endpoint Management Market. In addition, increased awareness regarding the importance of data security in organizations is also contributing to the growth of the Unified Endpoint Management Market.

Based on type, the services segment of the Unified Endpoint Management Market is expected to grow at a higher CAGR during the forecast period. 

Based on type, the services segment of the Unified Endpoint Management Market is projected to grow at a higher CAGR as compared to the solutions segment during the forecast period. The need for appropriate training & support services, post the deployment of UEM solutions to ensure the effective management of endpoints, is projected to drive the growth of the services segment.

Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the Unified Endpoint Management Market is expected to grow at a higher CAGR during the forecast period. 

Based on organization size, the Small & Medium-sized Enterprises (SMEs) segment of the Unified Endpoint Management Market is projected to grow at a higher CAGR as compared to the large enterprises segment during the forecast period. This growth can be attributed to the increasing adoption of UEM solutions by SMEs to reduce operational cost and enhance enterprise security.

Based on vertical, the BFSI segment is estimated to lead the Unified Endpoint Management Market in 2017. 

Based on vertical, the BFSI segment is estimated to lead the Unified Endpoint Management Market in 2017. BFSI companies are incorporating technologies, such as mobile banking, and enabling payments via smartphones to provide enhanced services to customers. The rising trend of Bring Your Own Device (BYOD) in the BFSI sector has contributed to the increased adoption of unified endpoint management solutions.

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North America is estimated to lead the Unified Endpoint Management Market in 2017. 

North America is estimated to lead the Unified Endpoint Management Market in 2017. The growth of the Unified Endpoint Management Market in North America is primarily driven by the presence of key players, such as IBM (US), Microsoft (US), Citrix Systems (US), VMware (US), BlackBerry (Canada), and MobileIron (US) in this region. The need to safeguard data stored in the cloud and transferred over networks is projected to drive the growth of the Unified Endpoint Management Market in North America.

Major companies operating in the Unified Endpoint Management Market include VMware (US), Microsoft (US), IBM (US), MobileIron (US), BlackBerry (Canada), Citrix Systems (US), Ivanti (US), Sophos (UK), SOTI (Canada), Jamf (US), Symantec (US), CA Technologies (US), Cisco Systems (US), and Zoho (US).

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Future of Cloud Field Service Management Market

According to a new market research report "Cloud Field Service Management Market by Solution (Mobile Field Service Management, Scheduling and Dispatch), Service, Organization Size, Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 1,013.2 Million in 2017 to USD 2,254.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 17.3%.

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The growth of the cloud FSM market is driven by many factors, such as the rising demand to enhance operational productivity and reduce operating costs, the increasing need to offer improved customer experience and engagement, and the emergence of Internet of Things (IoT). With the increase in the adoption rate of cloud computing among enterprises, the Cloud FSM Market is expected to gain major traction during the forecast period.

The scheduling and dispatch solution is estimated to have the largest market share in 2017. 

Scheduling and dispatch solutions play an important role in the Cloud Field Service Management Market, as they help organizations efficiently allocate resources on the field to meet customer needs without any interruption. The rising competition, in terms of offering an enhanced customer experience, is leading to the increasing adoption of scheduling and dispatch solutions. The other driving factors are providing optimized scheduling and dispatch, controlling costs, offering differentiated service delivery, and maximizing the Return on Investment (RoI).

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The training, education, and consulting segment is estimated to have the largest market share in 2017. 

Training, education, and consulting services are aimed at providing various informative programs to mitigate the knowledge gaps and offer guidance to customers whenever required.
Training programs enable organizations to easily understand and adopt the cloud FSM solutions. SMEs that lack skilled employees can easily understand the cloud benefits of FSM solutions by undergoing the training programs, which in turn, results in the increased adoption of cloud-based FSM solutions and services. Consulting services help enterprises choose the most suitable cloud FSM solution and service, depending on the businesses and end-users requirements.

The retail and consumer goods vertical is expected to record the highest CAGR during the forecast period. 

The retail and consumer goods vertical is one of the fastest-growing industry verticals, due to the rising consumer purchasing power. The major factor driving the adoption of cloud FSM solutions in this vertical is the need to offer an enhanced customer experience. Cloud Field Service Management Market solutions offer various benefits, including reporting and analytics, collaborative communication, revenue generation, reduced billing cycle time, and connecting field employees with offices and various outlets.

North America is estimated to have the largest market share in 2017. 



North America is estimated to have the largest market share in 2017, while APAC is projected to be the fastest growing region during the forecast period. North America is the most mature market in terms of cloud adoption, due to various factors, such as standard regulations, advanced IT infrastructure, the presence of a large number of enterprises, and the availability of technical expertise. The US and Canada are the top countries in North America that contribute to the cloud FSM market.

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The major vendors providing Cloud Field Service Management Market services are Industrial and Financial Systems AB (Sweden, Europe), ServiceNow, Inc. (California, US), Salesforce.com, Inc. (California, US), SAP SE (Germany, Europe), Oracle Corporation (California, US), International Business Machines Corporation (New York, US), ServicePower Technologies plc (Cheshire, UK), ClickSoftware Technologies Ltd. (Massachusetts, US), ServiceMax, Inc. (California, US), Acumatica, Inc. (Washington, US), Microsoft Corporation (Washington, US), and Astea International Inc. (Pennsylvania, US).

Big Data Security Market Worth 26.85 Billion USD by 2022

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

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

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

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

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

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

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


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

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

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Be Future Ready with Professional Services Automation | Industry Research 2022

According to a new market research report "Professional Services Automation Market by Solution (Project Management, Resource Management, and Opportunity and Lead Management), Service, Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 716.5 Million in 2017 to USD 1,244.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.

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Growing need for enhanced mobility among service consultants and for scalable and flexible Professional Services Automation solutions is a major factor driving the growth of the Professional Services Automation Market. Moreover, the increasing adoption of Professional Services Automation solutions by Small and Medium-sized Enterprises (SMEs) is expected to drive the Professional Services Automation.

The rapid adoption of Professional Services Automation solutions, owing to a strong and well-established economy is expected to make North America the largest regional market. 

North America consists of developed economies, such as the US and Canada. In this region, organizations are rapidly adopting and willing to invest in emerging technologies, such as smartphones and cloud platforms. Organizations in North America are dealing with a concern of an aging workforce, which has been addressed through effective implementation of Professional Services Automation. The major growth drivers include increased cloud deployments and growing adoption of online service delivery. Furthermore, organizations in this region have adopted the inorganic growth strategies to strengthen their presence across the world. For example, Oracle opted for mergers and acquisitions to optimize and strengthen its portfolio.

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The audit and accountancy vertical is expected to grow at a higher CAGR during the forecast period. 

The vertical comprises organizations which are primarily involved in offering various services including audit, accountancy, designing accounting systems, tax returns, developing budgets, bookkeeping, payroll processing, and billing. Management of finances efficiently is very crucial for any organization to run business successfully. Professional Services Automation solutions facilitate audit and accountancy agencies, firms, accountants, and auditors to ensure consistent and quality services delivered to client in order to remain competitive in the global market. Professional Services Automation solutions facilitate organizations to focus on financial success and stability.

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

Organizations with more than 1,000 employees are categorized as large enterprises. Such enterprises have a huge corporate network and many revenue streams. Large enterprises have their customers across various regions and possess high market shares, technical expertise, and effective business strategies. However, large enterprises have to face many challenges pertaining to economies of scale, region, language, and accounting challenges. Professional Services Automation solutions offer a competitive edge to large enterprises in the global market. They prefer implementing Professional Services Automation solutions that can assist them in maximizing resource utilization, thereby improving service delivery in a cost-efficient manner.

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The major vendors in the Professional Services Automation Market include Autotask Corporation (US), Changepoint Corporation (US), FinancialForce (US), Microsoft (US), Atlassian (Australia), ConnectWise (US), Kimble Applications (UK), Mavenlink, Inc. (US), Oracle (US), SAP (Germany), Upland Software (US), Projector PSA (US), Project Open Business Solutions S.L (Spain), and Kaseya Limited (US).

Workforce Management Market growth and forecasts examined in new market research report

According to a new market research report "Workforce Management Market by Component (Solutions and Services), Deployment (Cloud and On-premises), Organization Size (SMEs and Enterprises), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the WFM market size is estimated to grow from USD 4.49 Billion in 2016 to USD 7.37 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.4%. The increased focus on workforce optimization and mobile applications is driving the WFM market.

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The workforce analytics solution is expected to grow at the highest CAGR during the forecast period 

The increasing use of workforce analytics to drive workforce productivity and develop strategies for Workforce Management in organizations is driving the workforce analytics market. Companies have been giving high importance to optimize workforce outcome, thereby increasing the demand for performance management and workforce analytics solution.

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The Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR during the forecast period 

The Workforce Management Market is undergoing significant technological transition through collaborations with social media, real-time solutions, and the usage of mobile devices. All these advancements are favorably welcomed and highly adopted by large organizations, thereby increasing the popularity of WFM. The adoption of WFM will help SMEs and enterprises to focus more on their core business processes, thereby ensuring better time utilization for improved business results.

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Europe is expected to hold the largest market share in 2021, due to its well established economy 


The European region comprises developed countries, thus favoring the huge demand for Workforce Management solution to streamline and schedule workforce efficiently in the organization. The deployment of cloud is also a driving factor in Europe for the rapid adoption of workforce analytics. North America is expected to hold the second largest market share owing to its openness for the adoption of new and emerging technologies. The top contributing countries in North America include the U.S. and Canada.

The major vendors in the WFM ecosystem comprise solutions and service providers such as IBM (U.S.), Oracle (U.S.), SAP AG (Europe), KRONOS (U.S.), Workforce Software (U.S.), ADP LLC (U.S.), and WORKDAY (U.S.) among others.

Cloud VPN Market Size, Share, Analysis & Trends in recently published report

According to a new market research report "Cloud VPN Market by Component (Software and Services), Connectivity Type (Site-to-Site and Remote Access), Organization Size (Large Enterprises and SMEs), End User (Service Providers and Verticals), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Cloud VPN Market size is expected to grow from USD 3.25 Billion in 2017 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.0%.

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The growing adoption of it is seen through a high demand for virtual appliances or technologies in the field of networking, application delivery, and security products. Also, an increasing demand for cloud-based solutions is expected to drive the Cloud VPN Market over the next 5 years.

Remote access connectivity type to carry the highest market size 

The remote access connectivity type enables an individual user, located remotely, to connect to the enterprise network using personal devices, such as laptops, smartphones, or tablets. The remote access connectivity type is deployed on the cloud infrastructure and can easily be optimized and managed on the cloud itself. It makes it popular among end users and gain more market size in the cloud VPN connectivity.

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Government and public utilities segment is expected to be the fastest-growing vertical 

In the verticals end-user segment, the government and public utilities sector is expected to grow at the highest CAGR, while the telecom and IT sector is estimated to have the largest market share. The Government and public utilities sector is undergoing a major transformation with the advent of cloud VPN. This sector is expected to use cloud VPN to a great extent, owing to the increased need for security, privacy, and compliance across the government and public surveillance. This, in turn, would drive the Cloud VPN Market during the forecast period.

North America is expected to have the largest market size in the Cloud VPN Market 


North America, owing to the presence of a large number of cloud VPN vendors, is expected to have the largest market size in the Cloud VPN Market during the forecast period. Meanwhile, Asia Pacific (APAC) is expected to be the fastest-growing region. With the evolution of digital transformation in APAC, the need for managed IT services is also seen to be increasing. Furthermore, rapid economic growth in the developing APAC countries, along with the improving regulatory reforms and economic stability is driving the growth of the Cloud VPN Market in this region. The market in developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow owing to the increasing use of mobility, cloud computing, expanding retail and banking sector, and government regulatory compliances.

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Key players in the Cloud VPN Market include Cisco Systems (US), Microsoft (US), Google (US), NCP engineering (Germany), Huawei (China), Robustel (China), Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), and Cohesive Networks (US).

Network Optimization Services Market Ongoing Trends and Recent Developments

According to a new market research report "Network Optimization Services Market by Services, Application Type (Local Network Optimization, WAN Optimization, RAN Optimization, and Data Center Optimization), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 4.78 Billion in 2017 to USD 9.08 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period.

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Increasing number of branch offices and data centers is a major factor driving the growth of the network optimization market. Moreover, the increasing adoption of Wide Area Network (WAN) optimization and local network optimization by Small and Medium-sized Enterprises (SMEs) is expected to drive the Network Optimization Services Market.

The rapid adoption of network optimization services, owing to a strong and well-established economy is expected to make North America the largest regional market. 

North America consists of developed economies, such as the US and Canada. In this region, organizations are rapidly adopting and willing to invest in emerging technologies, such as smartphones and cloud platforms. North America has the first-mover advantage of adopting new technologies, such as a smartphones and cloud platform. Companies are willingly investing in North America. The factors driving the growth of the network optimization market in North America are stable economy, technology enhancements, and optimized infrastructure cost.

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The manufacturing vertical is expected to gain a larger market share during the forecast period. 

Manufacturing companies try to develop operational effectiveness and secure IT resources each time they find it to be feasible, so that a cost-effective infrastructure can be delivered. With the increase in manufacturing units, remote locations are expected to increase, which creates a potential market for network management solutions and services, resulting in the need for packaged solution provider for networks.

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


Organizations with more than 1,000 employees are categorized as large enterprises. Such enterprises have a huge corporate network and many revenue streams. Large enterprises have their customers across various regions and possess high market shares, technical expertise, and effective business strategies. Large enterprises control a number of different systems at a higher level of complexity. The market size of Network Optimization Services Market is relatively high in case of large enterprises, as compared to SMEs. The solution vendors catering to large enterprises are increasing as large enterprises need to maximize its bandwidth and network capacity of their data centers and local networks, along with WAN optimization if the organizations has multiple branches spread across city.

The major vendors in the Network Optimization Services Market include Riverbed Technology (US), NetScout Systems (US), SolarWinds (US), Cisco (US), Huawei (China), Nokia Corporation (Finland), ZTE (China), InfoVista (Europe), Citrix (US), Circadence (US), FatPipe Networks (US), and Silver Peak (US).

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Simulation Software Market Worth 13.45 Billion USD by 2022

According to a new market research report "Simulation Software Market by Component (Software and Services), Application, Vertical (Automobile, Aerospace & Defense, Electrical & Electronics, Healthcare, and Education & Research), Deployment Mode and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market to grow from USD 6.26 Billion in 2017 to USD 13.45 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. The increased need for eco-friendly environments and the growing number of Small and Medium-Sized Enterprises (SMEs) are expected to be driving the growth of the Simulation Software Market.

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eLearning and training application is expected to grow at the highest CAGR during the forecast period 

Simulation and analysis technology is used in the educational institutes to train their students. It is also used to train doctors and soldiers for being prepared for emergency situations. Due to the increased utilization of simulation and analysis technology in eLearning and training, this application is expected to grow at the highest CAGR during the forecast period.

R&D application is expected to have the largest market size during the forecast period 

The simulation and analysis technology is also being used in R&D activities across various verticals, such as automobile, aerospace and defense, and industrial manufacturing. The R&D activities include product designing, product lifecycle management, and process optimization. The simulation and analysis technology is used to conduct R&D activities with the help of computerized developed models in the virtual environment.

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

Global, as well as domestic enterprises, are investing in simulation and analysis technology. Moreover, the government is also investing in the simulation and analysis technology for developing defense equipment other than that the technology is also used to train and improve driving skills of human beings.


The Simulation Software Market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. The major simulation and analysis vendors include Altair Engineering (US), Bentley Systems (US), ANSYS (US), PTC (US), Siemens PLM Software (US), Autodesk (US), CPFD Software (US), Cybernet Systems (US), Dassault Systemes (France), Design Simulation Technologies (US), Synopsys (US), and MathWorks (US).

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Cloud-Based PLM Market by Application (Portfolio Management, Product Data Management, Collaborative Design and Engineering, Customer Management, Compliance Management), Organization Size, Vertical, and Region - Global Forecast to 2021
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Be Future Ready with DNS Service Industry Research 2022

According to a new market research  report "DNS Service Market by DNS Server (Primary DNS Server and Secondary DNS Server), Deployment Type (Cloud and On-Premises), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Domain Name System (DNS) service market size is expected to grow from USD 238.9 Million in 2017 to USD 438.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period.

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Growing focus on safeguarding the websites from Distributed Denial of Service (DDoS) attacks, rapidly growing number of internet users, and low cost associated with DNS service are some of the major factors driving the DNS Service Market.

Primary DNS server segment is expected to hold a larger market size during the forecast period.

In the DNS server, the primary DNS server segment is expected to hold a larger market size than the secondary DNS server during the forecast period. DNS server is an integral part of the DNS infrastructure that manages data associated with domain names and domain zones. It plays a vital role in the performance of web and email services. Hence, there would be a higher demand for primary DNS server in terms of adoption by enterprises.

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Cloud deployment type is expected to be a faster growing segment during the forecast period.

Under the deployment type, the cloud deployment is expected to grow at a higher CAGR during the forecast period. Managed DNS services have been rapidly deployed by enterprises to maintain DNS infrastructure.  A majority of managed DNS service providers are offering cloud-based DNS services for customers. During the last few years, the cloud deployment mode has witnessed a greater demand, as it offers several benefits, including the pay-per-use model, better flexibility, speedy accessibility, and low installation and maintenance costs.

North America is expected to hold the largest market size; and Asia Pacific (APAC) to grow at the highest CAGR during the forecast period.

North America is expected to hold the largest market size in the DNS Service Market followed by Europe, owing to the mass adoption of DNS services by major industry verticals, such as telecom, media and entertainment, Banking, Financial Services, and Insurance (BFSI), government, and healthcare. In terms of growth rate, the APAC region is expected to grow at the highest CAGR during the forecast period. The region comprises China, India, Australia, South Korea, Japan, and New Zealand, which have a large number of internet users and enterprise customers. In addition to this, internet, data centers, and cloud infrastructure have evolved in the region with the emergence of Long-Term Evolution (LTE), LTE-Advanced, and 5G.

Key players in the DNS Service Market include Cloudflare (US), AWS (US), VeriSign (US), Oracle (US), Akamai Technologies (US), Google (US), IBM (US), NS1 (US), Microsoft (US), Neustar (US), CDNetworks (South Korea), and DNS Made Easy (US).

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Cognitive Services Market worth 15.28 Billion USD by 2023

According to a new market research report "Cognitive Services Market by Technology, Service Type, Deployment Mode, Application, End-User, Vertical (BFSI, Healthcare, Retail, IT and Telecommunication, Government and Education, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global Cognitive Services Market to grow from USD 2.59 Billion in 2018 to USD 15.28 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 42.6% during the forecast period.

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Cognitive services offer a systematic way to attain business objectives by reducing the efforts required to work on repetitive tasks. Also, various Application Programming Interfaces (APIs), including vision, speech, text, and search capabilities, play a crucial role in the process of automation and data analysis. The growing data is becoming crucial and organizations are majorly focusing on the integration of cognitive capabilities with their applications to analyze their data. Therefore, the need to align core work with business objectives and growth in data volumes are expected to drive the growth of the Cognitive Services Market.

The consulting and advisory service type is expected to grow at a higher CAGR during the forecast period

In the Cognitive Services Market, consulting and advisory services are rapidly growing to leverage the benefits offered by the cognitive technology without deploying complete solution and infrastructure. As the small enterprises have budget constraints and are primarily focused on reducing infrastructure cost, they face challenges while deploying a complete cognitive solution. They also face similar issues while employing developers and cognitive technology experts to perform the data analysis. The consulting and advisory services can help these enterprises understand the best-fit cognitive service that can help them meet their requirements.

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The cloud deployment type is expected to have the larger market size during the forecast period

On the basis of deployment type, the Cognitive Services Market is segmented into cloud and on-premises. Cognitive services solutions deployed on the cloud are flexible and easily accessible for enterprises. Instead of installing the required software, the solution and its benefits can be leveraged remotely by enterprises on a pay-per-use model. Cognitive service providers are focusing on the development of robust cloud-based solutions for their users, as many organizations have started adopting the cloud model.

APAC is expected to grow at the highest CAGR during the forecast period

In the Asia Pacific (APAC) region, global as well as domestic enterprises are investing in the enterprise Artificial Intelligence (AI) technology. The APAC region shows potential to grow in the Cognitive Services Market. Enterprises in the APAC region are using cognitive services to generate insights from large volumes of data to enhance business processes. The growth in the APAC region is attributed to the growing investment in cognitive technologies across the region.

The Cognitive Services Market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. The major cognitive service vendors include IBM (US), Microsoft (US), AWS (US), Google (US), TCS (India), Baidu (China), Apple (US), Nuance Communications (US), Qualcomm Technologies (US), and SAS Institute (US).

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Contact Center Software Market Worth 35.32 Billion USD by 2023

According to a new market research report "Contact Center Software Market by Solution (Intelligent Virtual Assistants, Customer Collaboration, Dialers, IVR, Workforce Optimization, Reporting & Analytics), Service, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the market size is expected to grow from USD 17.65 billion in 2018 to USD 35.32 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period.

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A growing need to cater to dynamic customer requirements and increasing omnichannel communications are the major drivers of the Contact Center Software Market. New communication platforms, redefined content value, and shifting consumer preferences are also driving the adoption of contact center solution across industry verticals.
Rapid adoption of contact center software is expected to make North America the largest regional market. 

In the US and Canada, organizations have rapidly adopted and invested in the emerging technologies, such as analytics, big data, and cloud platforms. North America has the first-mover advantage of adopting new technologies, such as big data and cloud platforms. Moreover, there has been an increasing demand among enterprises to increase their overall productivity by optimizing inbound and outbound operations in the region. Several companies willingly invest in North America due to the presence of many large enterprises in the region. These factors along with stable economy, technology enhancements, and optimized infrastructure costs are expected to drive the North American Contact Center Software Market.

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

The Banking, Financial Services, and Insurance (BFSI) vertical comprises commercial banks, insurance companies, non-banking financial companies, stock brokerage firms, and payment gateway providers. The BFSI vertical deals with critical financial data and credit risks; hence, it is a good contributor in the Contact Center Software Market. Owing to the continuous changes in the competitive environment, companies need to enhance their operational efficiencies and provide customized user experience. Contact center software helps financial institutions in mining customer data, including transactions, customer activities across banking and financial service websites, and customer queries through multiple channels. Furthermore, contact center software enables financial institutions to automate their business processes, thereby helping them reduce the service delivery time.

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

Organizations with more than 1,000 employees are categorized as large enterprises. Large enterprises have their customers across regions and account for high market shares, technical expertise, and effective business strategies. Hence, large enterprises are expected to invest in new and latest technologies to run their business effectively. The large enterprises segment market size in the Contact Center Software Market is larger than that of SMEs. Moreover, adoption of contact center software has become an integral part of large enterprises to sustain their position in the highly competitive market. Furthermore, large enterprises prefer implementing software and services that are expected to assist them in enhancing their profit.

Major vendors in the Contact Center Software Market include 3CLogic (US), 8x8 (US), Alcatel-Lucent Enterprise (France), Ameyo (Drishti-Soft; India), Aspect Software (US), Avaya (US), BT (England), Cisco (US), Enghouse Interactive (US), Fenero (US), Five9 (US), Genesys (US), Huawei (China), IBM (US), Mitel (Canada), NEC (Japan), NICE (Israel), Oracle (US), RingCentral (US), SAP (Germany), Solgari (Ireland), Unify (Germany), Verizon (US), Vocalcom (France), West Corporation (US), Zendesk (US), and ZTE (China)

Blockchain Market Ongoing Trends and Recent Developments

According to new market research report "Blockchain Market by Provider, Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, and GRC Management), Organization Size, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™ the global Blockchain Market size is expected to grow from USD 1.2 billion in 2018 to USD 23.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 80.2% during 2018–2023.

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Major forces driving the Blockchain Market include the increasing venture capital funding and investments in the blockchain technology, increasing popularity of the blockchain technology in retail and supply chain management, and a growing focus on reducing operational cost.

The digital identity application segment to grow at the highest CAGR from 2018 to 2023

Digital identity applications help businesses authenticate the identity of customers. The decentralized blockchain principle, in combination with identity verification, creates a digital identity, which can be assigned to multiple online transactions for eliminating frauds at a significant rate. The digital identity application segment is expected to be the fastest-growing application in the Blockchain Market,   as it eliminates the need for central authority and third party thereby making it easier for the individuals to manage and control over personal information and access. The vendors operating in the global Blockchain Market focus on developing commercially feasible solutions. The focus of dominant players in the market is also on the development of blockchain-based identity management solutions for financial transactions and personal use cases. The market size of the digital identity application in the Blockchain Market is expected to grow at the highest CAGR during the forecast period.

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Increasing number of blockchain startups to drive the SMEs segment in the Blockchain Market during 2018-2023

The Blockchain Market by organization size has SMEs and large enterprises segments. The SMEs segment is expected to grow at a higher CAGR from 2018 to 2023, as there will be a sharp increase in the number of blockchain startups. The blockchain technology can prove to be a valuable asset for SMEs, as it helps reduce operational cost by eliminating intermediaries required for trading across regions. Another area where SMEs can take advantage of the blockchain technology in their manual or semi-automatic processes, including invoicing, inventory, and payroll. For instance, smart contracts, a critical capability offered by the blockchain solution, can prove to be more economical, helping SMEs streamline their operations cost-effectively and at a faster rate.

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North America to dominate the Blockchain Market in 2018

The global Blockchain Market by regions covers North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is a home for most of the industries with a large operation base, and has witnessed a prominent implementation of smart contracts, documentation and payment applications in most of its industries particularly in BFSI, retail and eCommerce, and healthcare and life sciences. The region is expected to be the early and largest adopter of blockchain solutions, due to increasing funding on the development of distributed ledger technologies to provide customers with transparency and faster transactions. An increasing adoption rate in various industries including transportation and logistics, retail and eCommerce, media and entertainment, real estate and IT and telecommunication is expected to drive the market. Moreover, financial institutions in APAC are heavily investing in designing a permissioned blockchain network to streamline their internal operations and minimize costs. The integration of the technology in these verticals is changing the way businesses are conducted across industry verticals.

The report encompasses the different strategies, such as mergers and acquisitions, partnerships and collaborations, business expansions, and product developments, adopted by major players to increase their market share. Major technology vendors in the Blockchain Market include IBM (US), AWS (US), Microsoft (US), SAP (Germany), Intel (US), Oracle (US), Bitfury (US), Cegeka (Netherlands), Earthport (UK), Guardtime (Estonia), Digital Asset Holdings (US), Chain (US), Huawei (China), BlockCypher (US), Symbiont (US), BigchainDB ( Germany), Applied Blockchain (UK), RecordsKeeper (Gibratar), Blockpoint (US), Auxesis Group (India), BTL Group (Canada), Blockchain Foundry (Singapore), AlphaPoint (US), and Factom (US).

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High Performance Computing as a Service Market Size, Share, Analysis & Trends in recently published report

According to a new market research report "High Performance Computing as a Service Market by Verticals (BFSI, Healthcare and Life Sciences, Manufacturing), Deployment Type (Colocation, Hosted Private Cloud, Public Cloud), Component, Region - Global Forecast to 2023", Published by MarketsandMarkets™, the  High Performance Computing as a Service Market is projected to reach USD 10.0 billion by 2023 from USD 5.7 billion in 2018, at a CAGR of 11.9% during the forecast period. Growth in this market is mainly driven by faster deployment of new products and services, access to better technologies, and reduced capital costs.

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The BFSI segment has the largest share of the market and is growing at the second highest CAGR during the forecast period

Financial institutions are adopting hosted private cloud and colocation services for security concerns. High-frequency trading, capital market analysis and risk modelling are some of the BFSI applications that deploy HPC as a service. BFSI is the largest adopter of HPC as a service and expected to grow at a high pace in 2018 to 2023.

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North America is dominating the High-Performance Computing as a Service Market during the forecast period

It is the biggest market and is expected to grow at the highest volume from 2018 to 2023.

North America has the largest market share in the HPCaaS Market and this has been possible through innovations obtained from R&D and technology. The main growth of the HPCaaS Market in this region is due to the increasing demand for business flexibility and agility. US accounts for maximum share in the American cloud HPCaaS Market. The US government has recognized the importance of problems faced in the areas of computational science and simulation which requires large-scale computational facilities. Thus, the government is investing significant amount of resources into the development of HPC and networking.

The major countries taken for analysis are the US and Canada. Some of the leading companies in North America offering HPCaaS are Penguin Computing, Adaptive Computing, and Sabalcore Computing and AWS. The main growth of the High Performance Computing as a Service Market in this region is due to the increasing demand for big data analytics and increase in the complexities of applications that require parallel processing further enhancing business flexibility and agility.

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