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Enterprise Data Integration Market Emerging Growth Analysis, Future Demand and Business Opportunities 2024

The Global Enterprise Data Integration Market is expected to register a CAGR of 12.6% during the forecast period of 2019–2024. There are various factors contributing to the growth of the global enterprise data integration such increasing volume of data, utilization of cloud computing, use of IoT devices for transmitting of information, which have led to an increase in the adoption of enterprise data integration to increase the working efficiency of enterprises while offering authenticate data to the user.

Regional Analysis

The global enterprise data integration market is estimated to grow at a significant rate in the future. The geographical analysis of enterprise data integration market has been done for North America, Europe, Asia-Pacific, and the rest of the world.

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North America dominates the global enterprise data integration market, by region, due high demand from various industries for the integration tools for streamlining and extracting data. Moreover, the advancement of technology in the region and utilization of various technologies such as big data, artificial intelligence, cloud computing, IoT devices, and others by various industries is driving the market in the region due to large volumes generated data. There are various companies in the region such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and others which are offering different software/tools and services across enterprises and industries.

Europe accounts for the second-largest market share in the enterprise data integration market in 2018 due to presence of various financial firms in the region which generates a large amount of data. Additionally, the increasing research centers in the region is also contributing to the growth of the market. Based on end-users, the BFSI segment accounts the largest market share in the European region, whereas Germany is considered to be a dominating country in the region.

Asia-Pacific is expected to be the fastest-growing region during the forecast period due to advancement in terms of technology, increasing data generation due to urbanization, and digitalization in the region. Moreover, the companies in the region are focusing on developing tools and software for integrating and extracting useful data generated by the industries on a regular basis, which is contributing to the growth of the market.

Rest of the world has been segmented as South America and Middle East & Africa is expected to be growing with a significant CAGR during the forecast period due to presence of various industries present in the region, which drives the market. Additionally, various IT & telecom companies are investing in the region which is also propelling the growth of the market. The Middle East & Africa is the dominating region and is expected to be the fastest-growing region during the forecast period.

Key Segments

The global enterprise data integration market has been segmented based on component, deployment, organization size, business application, end user, and region.

  • By component, the market has been segmented into software/tools and services. The service segment is further segmented as managed services and professional services.
  • By deployment, the market has been segmented into cloud-based and on-premise
  • By organization size, the market has been segmented into large enterprises and SMEs.
  • By business application, the market has been segmented marketing, sales, operations, finance, and human resources.
  • By end-user, the market has been segmented into healthcare, BFSI, manufacturing, retail, IT and Telecom, media and entertainment, energy and utilities, and others
  • By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Key Players

MRFR recognizes the key players in the global enterprise data integration IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), SAS Institute Inc. (US), Informatica Corporation (US), Talend Inc. (US), Cisco Systems, Inc. (US), Information Builders Inc. (US), Actian Corporation (US), Syncsort Incorporated (US), Pitney Bowes Inc. (US), Denodo Technologies (US),  Attunity Ltd. (US), HVR Software Inc. (US)  among others.

The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

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Smart Contracts in Healthcare Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2024

According to MRFR analysis, the global smart contracts in healthcare market was valued at USD 15.8 million in 2018 and is expected to reach USD 208.1 million growing at a CAGR of 48.2% during the forecast period. The market growth is attributed to an increase in the number of data breaching cases across the healthcare industry, rising need for visibility offered by distributed ledger technology, and surge in threat of forged medicines in pharmaceuticals. However, lack of visibility to access the data and technical expertise associated with smart contracts in healthcare are some of the challenging factors for the growth of the smart contracts in healthcare market during the assessment period.

The global smart contracts in the healthcare market have been segmented based on application, blockchain platform, end user, and region.

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By application, the market has been categorized into patient data management, electronic health records (EHRs), supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and others. The supply chain management segment accounted for the largest market share in 2018 owing to increasing number of cases regarding forged medicines which is driving the adoption of the smart contract in healthcare supply chain management. Additionally, claims adjudication and billing management is expected to be the fastest growing segment due to the rising need for visibility in transaction processes.

By blockchain platform, the smart contracts in the healthcare market has been segmented into Bitcoin, Sidechains, NXT and Ethereum. Ethereum being the seamless coding and processing platform of the smart contracts accounts for the largest share followed by Bitcoin and NXT.

Based on end user, the global smart contracts in the healthcare market has been split into pharmaceutical companies, healthcare providers, healthcare payers, and other end users. The pharmaceutical companies segment accounted for the largest share in 2018 in the smart contracts in the healthcare market. The market growth is attributed to government regulations to ensure a secure pharmaceutical supply chain and prevent forgery of medicines. However, the healthcare providers segment is expected to grow at the highest CAGR during the forecast period.

Key Players

The key players in the global smart contracts in healthcare market are Blockpharma (France), Microsoft Corporation (US), Guardtime (Netherlands), Medicalchain (UK), Factom (US), Proof.Work (UK), PokitDok, Inc (US), Hashed Health (US), Chronicled (US), smartData Enterprises (India), FarmaTrust (UK), IBM Corporation (US), Patientory (US), SimplyVital Health (US), Gem (US), and iSolve (US).

Regional Analysis

By region, the global smart contracts in the healthcare market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Asia-Pacific is expected to be the fastest-growing market over the next few years. The market growth is due to rising government initiatives such as Ayushman Bharat to promote the benefits of smart contracts in the healthcare market. North America accounted for the largest market in 2018 owing to the availability of high technical expertise in the US and Canada.

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Learning Analytics Market Bolstered by Booming Industry Demand with featuring leading key players to 2023

Learning analytics is an analytical process to calculate the gathered data, interpret and report the information about the learners and their way of methodology. This analytical tools helps the data to improve their learning and the environment in which the learning takes places.

Many business organizations can determine training course completions quantitatively, but find very difficult to measure qualitative aspects such as informal and social learning experiences and their results. This analytical technology helps to clarify the intangible learning experiences. Additionally, the companies need to retain the talented workforce to develop innovative products in order to sustain the market. Hence, business organizations lay stress on developing constant learning culture for employees which in turn empowers the learning analytical tools to boost the innovation in the organization.

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Many educational organizations and solution providers such as Intel Corporation are offering personalized learning experiences to individual based on their job-profile, career aspirations, and training acquainted in previous job, which is presumed to drive the demand for learning analytics market. However, increasing awareness for learning analytical tools in order to enhance the performance and proficiency in education is presumed to gain the popularity over the review period.

On the other hand, the lack of technical expertise in order to implement the analytical tools are expected to be a major challenge for the market. Considering the commercial sector, the issues such as data protection, data possession, monitoring, and controlling the data are also considered to be challenging areas for the learning analytics market.

The learning analytics market is categorized as tools, services, deployment, application, and end-user.

By tools, the learning analytics market is subcategorized as predictive analytics, content analytics, adaptive learning analytics, discourse analytics, analytics dashboard and others. On the basis of service, the market is classified as training & support, consulting service, integration & implementation and others. On the basis of deployment, the market is consists of on-premises and on-cloud.

The application-based learning analytics is segregated as higher education, K-12 education, and business enterprises. Furthermore, based on end-user, the market is classified as BFSI, IT & telecom, retail& e-commerce, education, manufacturing, healthcare, media& entertainment, and others.

According to Market Research Future analysis, Learning Analytics market has been valued at approximately over USD 8.3 billion growing with a 26% CAGR during the forecast period 2017-2023.

Key Players

Market research future identifies some of the key players of Learning Analytics market are Blackboard Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Pearson Inc. (U.K), Saba Software Inc. (U.S.), McGraw-Hill Education (U.S.), SAP AG (Germany), and D2L Corporation (Canada), Cornerstone OnDemand (U.S.), Jenzabar (U.S.), Knewton (U.S.), and Kronos (U.S).

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Smart Grid Networking Market size is expected to register an exponential CAGR during the forecast period 2023

The global smart grid networking market is projected to reach USD 17 billion at a CAGR of over 10% by the end of the forecast period 2017-2023.

The global smart grid networking market is projected to witness a rapid growth during the forecast period owing to increasing demand for energy management systems and increasing adoption of smart grid deployments. Moreover, increasing demand for smart grid networking solutions and services across various uindustry verticals is driving the growth of the global smart grid networking market.

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The global smart grid networking market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American market is expected to witness a significant growth and hold the largest share of the global market during the forecast period. The U.S. and Canada are anticipated to drive the growth of the smart grid networking market in North America region owing to the presence of a large number of established key players such as General Electric Company, Itron and Trilliant Holdings, Inc. in this region. Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows higher penetration of devices and ultimately ensures better connectivity. The growth of the market is also attributed to the increasing focus on business organizations towards better energy management and growing adoption of smart grid networking solutions by enterprises. In the global smart grid networking market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the increasing implementation of energy management systems and wireless mesh networks in order to provide real time control power and data supply across different countries in the region.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Grid Networking Market Research Report-Forecast to 2023”.

Smart Grid Networking Market Segmentation

The global smart grid networking market is segmented on the basis of hardware, software and service.

However, the hardware segment is classified into cables, controllers, routers, smart meter communication modules, switches and others. Increasing demand for smart meter communication modules is driving the growth of smart grid networking market. This owing to the efficiency being offered by smart meetrs that help in recording the power consumption in real time. Power saving and network stabilization are major factors responsible for driving the growth of smart grid networking market.

Some of the prominent players in the global smart grid networking market: ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), Mitsubishi Electric (Japan), Fujitsu (Japan), General Electric Company (U.S.), Huawei Technologies Co. Ltd. (China), Itron (U.S.), Schneider Electric SE (France), Siemens AG (Germany) and Trilliant Holdings, Inc. (U.S.) among others.

Market Research Analysis

North America is estimated to account for the largest share of the market, whereas Europe market is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing a rapid growth due to technological advancements and rise in smart grid deployments across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as owing to the increased demand for better energy management.

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Sales Force Automation Market Will Escalate Rapidly in the Near Future 2023

Sales force automation technique involves usage of software to bring a certain level of automation to business tasks of sales which consists of sharing of information, sales analysis, forecasts, employee  evaluation and customer management to name a few of the functions. Many businesses have their sales force automation software customized as per their requirements or choose from an existing software that meets their requirements. Whether the company is a small sized company selling limited products or a large scale organization carrying a diverse product range sales force automation have become an integral part of their sales process.

According to a Market Research Future report on Sales Force Automation Market Research Report- Global Forecast 2023 the domain will grow at USD 8 Billion by 2023 at a 10% CAGR between 2017 and 2023. SME and startup companies are investing a lot in this sector so as to enable consolidation of their customer communication from various channels blogs etc. Sales force automation software are also able to help drastically reduce the amount of time that needs to be dedicated to complete certain mundane tasks. Sales Force Automation software also improve the level of customer service by personalizing it and thus leads to increase in the revenue levels of the company by allowing sales reps to reach more prospects and generate more income for the company.

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The Sales Force Automation software also allows for effective opportunity management by using competitive intelligence functions and the sales teams in the organization. The factors that are driving the expansion of this sector are increased productivity, rise in employee efficiency, increased customer satisfaction and demand. Some of the restraining factors for sales force automation are difficulty in system adoption, maintenance cost, time elapsed due to data entry and difficulty to integrate with other MIS systems.

Latest Industry News:

Nov 2017 Salesforce has partnered with Google for an integration that will enable sales, marketing and advertising data to flow between the Analytics 360 Suite and Salesforce’s Marketing and Sales clouds. The integration will be available in early 2018 at no additional cost

Nov 2017 Vainu’s has decided to integrate with the Salesforce Sales Cloud. This integration will enable keeping useful data current and limit the risk of duplicate prospects within large sales teams.

Global Sales Force Automation Market – Segments

The global sales force automation market has been segmented on the basis of software, function organization type and region.

By Software: On-Premise Salesforce Automation System, Software-As-A-Service (Saas) Salesforce Automation System and Cloud-Based Salesforce Automation System.

By Organization Type: Small-Medium Scale Size Enterprise, Large Scale Enterprises.

By End- Users: Healthcare, Automotive, Media and Entertainments, Financial Sector and Others.

By Regions: North America, Europe, APAC and Rest of the World.

Global Sales Force Automation Market – Regional Analysis

The regional analysis of sales force automation market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in sales force automation due to the presence of the major players and there invests in providing various customized solution that includes sales forecasting, call automation, proposal creation, product modeling, order management and others for the customer satisfactions .The sales force automation market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India are emerging markets for sales force automation market and expected to earn the highest CAGR in the coming years.

Global Sales Force Automation Market – Competitive Analysis

With the entry of new industry players in the Global Sales Force Automation Market, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced content types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring quality product delivery and financial flexibility to invest in the optimal strategies. Effective planning is essential in terms of business development so as to gain maximum returns on investment.

The prominent players in the global sales force automation market are Aptean Software Company (U.S.),  Bullhorn Inc.(U.S.), Microsoft Corporation (U.S.), NetSuite Inc. (U.S.), Oracle Corporation (U.S.), Pegasystems Inc. Some of the other noteworthy companies are (U.S.), Sage Group Plc. (U.K), Salesforce.com Inc. (U.S.), SAP SE (Germany), SugarCRM (U.S.), and Zoho Corporation (India) among others.

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Electrical & Electronic Computer-Aided Design (ECAD) Market Key Insights, Profiling Companies and Growth Strategies by 2026

Global ECAD Market is estimated to grow at a CAGR of 8.5% during the forecast period (2020-2026).

Electrical computer-aided design (ECAD) is big business, and the market is driven by the increasing use of cloud-based ECAD solutions and increasing demand for electronic design automation. According to the MRFR analysis, Cadence Design System Inc. occupied the first position in the ECAD market. The company has a stronghold over nearly all the major markets, including North America and Europe. The company concentrates on continuous research & development, which helps the company to have a competitive edge over other key players operating in the market. The company has a comprehensive product portfolio and a strong customer base.

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Segmental Analysis

The Global ECAD Market has been segmented based on component, industry type, application, vertical, and region.

Based on component, the global computer-aided design (ECAD) market has been segmented into software and services. The software segment accounted for the larger market share in 2019, and it is expected to register a CAGR of 7.8% during the forecast period. The services segment was the second-largest market in 2019.

The global electrical computer-aided design (ECAD) market, by industry type, has been divided into the process industry and discrete industry. The discrete industry segment accounted for the largest market share, and it is expected to register the highest CAGR during the forecast period.

By application, the market has been segmented into industrial machine controls, rail signaling, plant design, mining equipment control, switchgear design, water treatment and distribution system control, and others. The industrial machine controls segment is expected to dominate the market during the forecast period.

The verticals studied for the market research report are automotive, aerospace & defense, construction, equipment and machinery, railway, power generation and energy, oil & gas, food & beverage, and others. The automotive segment is anticipated to lead the global electrical computer-aided design (ECAD) market over the forecast period.

Regional Analysis

The geographic analysis of the Global ECAD Market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest market for ECAD solutions during the forecast period. North America has been segmented into three countries, namely the US, Canada, and Mexico.

The US is the leading market in North America, accounting for a significant market share. The electrical computer-aided design (ECAD) market in the US is expected to grow significantly, owing to the presence of major players. The market growth in the country can be attributed to the increasing urbanization, advances in digital technology, higher disposable incomes, and the high demand for advanced manufacturing robotic technologies. In addition to it, favorable government policies to help factory automation are contributing to the growth of the global market. Adding to it, the market growth is driven by the increased demand for intelligent and automated manufacturing systems and the rising focus on digitization of oil fields to adopt industry 4.0.

Competitive Analysis

The key players of the global ECAD market include Zuken (Japan), Aucotec AG (Germany), WSCAD (Germany), MENTOR GRAPHICS (US), Autodesk Inc. (US), Sienna Ecad Technologies (India), Dassault Systèmes SE (France), TRIMBLE INC. (US), Hexagon AB (Sweden), IGE+XAO Group (France), Siemens AG (Germany), Eplan Software & Service Gmbh & Co. KG (Germany), Bentley Systems, Inc.(US), ALPI International Software SA (France), and Cadence Design System Inc. (US).

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Traveler Security Services Market Will Generate New Growth Opportunities in Upcoming Year 2025

Market Research Future (MRFR) expects the traveler security market 2020 to procure a valuation of USD 1,422.7 Million by 2024-end. MRFR also anticipates that the market can progress at a rate of 9.8% between 2019 and 2024, which is the assessment period. We will provide covid-19 impact Analysis with the report

COVID-19 Analysis

The impact analysis on covid-19 by MRFR suggests that post pandemic; a number of industries have collapsed, including travel and tourism. Technological innovations have made travel and tourism affordable and easy, however it will remain fragile till the time a COVID-19 breakthrough is not achieved. The short term impact involves countries imposing limits on travel, which can mean slower market growth for traveller security services. When it comes to the long-term impact of covid-19, the financial strategy of the tourism industry has weakened significantly, resulting in considerable revenue loss. However, there is a glimmer of hope for one aspect of the travel industry, namely the information and communication technology sector. More and more companies are focusing on diversification of the supply chains to boost resilience. AI is finding extensive use for predicting evolving demand, and the increasing prevalence of the remote work strategy across the IT infrastructure can translate to better gains for the ICT industry in the coming years.

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Growth Boosters and Key Deterrents

Large-scale investments by high tech companies along with the escalating adoption rate of AI and automation can help the traveler security services market maintain its robustness in the face of the pandemic crisis. The traveler security market is also positively influenced by the surge in business travel spending, mounting number of international travelers, and the rising focus of enterprises on providing a secure and safe travel experience to employees.

The global market is extremely competitive, where the players are battling it out to seize a larger share in the global market. Companies are competing armed with advanced digital services, reliability, better pricing and services. Vendors are offering advanced consultancy for enhanced mitigation and risk management solutions to not only survive but thrive in a fiercely competitive market. More and more companies are adopting marketing hacks that can help them boost their position worldwide, some of which include product launch, agreements, collaborations and more. To cite a reference, in 2019, Drum Cussac entered a partnership with Collinson, a leader in traveler assistance, and developed a 24/7/365 integrated travel risk management solution. This solution helps organizations ensure excellent experience of the employees that are traveling abroad.

A latest trend in the market is that a majority of large as well as small and medium enterprises have begun to outsource their travel security services to ensure employee safety. A number of companies in the travel security services industry offer country-wise reports, real-time information, risk management, alert, memos coupled with emergency services like SOS alert function, 24/7 call support, PNR tracking, GPS location sharing, and many more. These services are in great demand among travellers who want to feel secure and safe while travelling in unknown locations and want to have a comfortable experience.

Market Segmentation

Primary segments depending on which the traveler security market has been studied include service type, organization size and industry.

The service types in the traveler security services market are privacy and fraud preventions, emergency response, investigations, risk consulting, threat assessment, contingency and crisis management planning, legal compliance, and more.

The organization size-wise market segmentation comprises small & medium enterprises as well as large enterprises. For business deals, conferences, research purposes and vendor meets, employees in large enterprises are constantly travelling, which mandates the need for travel security services. Also, management in these enterprises is largely focused on the employees’ security and safety, spending considerably on third-party travel security services. These factors have led the large enterprises segment to achieve the top position in the market.

The industries where travel security services are widely deployed include government and public sectors, families, and corporate. In 2018, the corporate category seized the largest share of 68.1% and was worth USD 571.2 million. The segment can also record the fastest expansion rate of 10.1% between 2019 and 2024. The second lead was obtained by the government & public sector segment the same year, with a value of USD 211.7 million and projections of it attaining a growth rate of 9.1% in the next few years.

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Tax and Accounting Software Market Prospects and Growth Assessment to 2025

Global Tax and Accounting Software Market is expected to grow at a CAGR of 7.9% from the year 2019–2025. In this report, Market Research Future (MRFR) includes the segmentation and market dynamics to offer a better glimpse of the market in the coming years.

The market is driven by increasing demand for automated solutions across various industry verticals globally. Also, since tax and accounting software offers several benefits including efficient planning and management of financial data in a cost-effective manner, it is being widely deployed across industries including manufacturing, retail & consumer goods, and BFSI among others.  The global tax and accounting software market are dominated by a few major players; however, new players are expected to enter the market due to new revenue opportunities in regions such as Asia-Pacific, the Middle East and Africa, and South America. The entry of new players is expected to increase the competition in the market.

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Segmental Analysis

The Global Tax and Accounting Software Market has been segmented based on software Type, Deployment Mode, Organization Size, Vertical, and Region.

By software type, the market has been segmented into tax and accounting software, accounting software and tax software. The accounting software has been further divided into billing/invoice software, payroll management software, ERP system, and others. The accounting software segment accounted for the largest market share of 67.6% in 2018, with a market value of USD 12,595.3 Million; it is expected to register a CAGR of 7.6% during the forecast period. The tax software segment was valued at USD 6,048.3 Million; it is projected to register the highest CAGR of 8.4%.

By Deployment Mode, the market has been divided into cloud and on-premise. The on-premise segment accounted for the larger market share of 51.9% in 2018, with a market value of USD 9,672.2 Million; it is expected to register a CAGR of 5.0% during the forecast period. The cloud segment was valued at USD 8,971.5 Million; it is projected to register a higher CAGR of 10.5%.

By organization size, the market has been divided into small- and medium-sized enterprises and large enterprises. Companies such as Intuit Inc., Sage, SAP SE, and Oracle Corporation offer tax and accounting software platform for both small- and medium-sized enterprises (SMEs) and large enterprises. The SME segment accounted for the larger market share of 58.9% in 2018, with a market value of USD 10,983.8 Million; it is expected to register a higher CAGR of 8.1% during the forecast period. The large enterprise segment was valued at USD 7,659.8 Million; it is projected to exhibit a CAGR of 7.5%.

By vertical, the market has been divided into BFSI, IT and telecommunications, retail and consumer goods, manufacturing, healthcare, and others. The manufacturing segment accounted for the largest market share of 33.1% in 2018, with a market value of USD 6,173.6 million; it is expected to register the highest CAGR of 8.4% during the forecast period. The retail & e-commerce segment was the second-largest market in 2018, valued at USD 3,689.4 Million; it is projected to exhibit a CAGR of 7.9%.

By region, the Global Tax Accounting Software Market has been segmented into North America, Europe, Asia-Pacific, Africa, the Middle East, and South America. Regions such as North America, Europe, and Asia-Pacific are positively influenced by the increasing number of SMEs and self-owned businesses, which is projected to add to the subscriber base of tax accounting software. North America accounted for the largest market share, whereas Europe holds the second-largest market in 2018, valued at USD 5,263.1 million; the market is projected to exhibit a CAGR of 6.9%.

Competitive Analysis

The Key Players in the Global Tax and Accounting Software Market are Intuit Inc. , The Sage Group, SAP SE, Oracle Corporation, Microsoft Corporation, TeamSystem SpA, Xero Limited, FreshBooks, Epicor, Unit4, Red Wing Software, Inc., Tally Solutions Private Limited, Wolters Kluwer, Kingston & Knight Accountants, Dezan Shira & Associates, and KPMG International among others.

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IoT in Warehouse Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast to 2025

The Global IoT in Warehouse Market is Expected to Reach USD 17.93 Billion by 2025 growing at a CAGR of over 21.21% by the end of the forecast period 2019–2025.

Global IoT in Warehouse Market is spanned across North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be one of the largest markets and the earliest adoption of IoT in warehouse technology. For the purpose of analysis, North America has been segmented into the US, Canada, and Mexico. During the forecast period, the US is expected to be a leading region, growing at a CAGR of 19.91%, followed by Canada and Mexico. The region has a high level of skilled expertise, robust cloud infrastructure, and the presence of vendors such as Cisco Systems, Inc., Argos Software, and Zebra Technologies Corporation offering IoT-based solutions for supply chain management. On the demand side, tier I companies such as Walmart and Amazon are increasingly integrating disruptive technologies such as artificial intelligence (AI), big data, and IoT-based drones with the warehouse management systems that eventually boost the retail performance by streamlining the process of inventory management. Additionally, the strong wireless network infrastructure in terms of connectivity is also one of the major driving factors contributing to the growth of IoT in the warehouse management market during the forecast period.

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On the other hand, Asia-Pacific is expected to witness the fastest growth at a CAGR of 23.06% in the IoT in the warehouse market during the forecast period. The increasing number of strategic partnerships and collaborations across the industry, huge investments by the domestic e-commerce sector, increased adoption of inexpensive RFID tags in the retail sector, and growth of smart logistics are some of the driving factors for the growth of the IoT warehouse management market during the forecast period. The Asia-Pacific region has been segmented into seven segments–China, Japan, South Korea, Singapore, India, Australia, and the rest of Asia-Pacific. China is dominating the market in the Asia-Pacific region. In August 2017, Cainiao, the logistics business unit of the e-commerce giant, Alibaba, launched a smart warehouse in Huiyang, Guangdong province of China. The warehouse is operated by more than 100 automated guided vehicles (AGV), popularly known as mobile robots. These robots are equipped with WiFi and self-charging features; they are developed with inbuilt sensors to avoid collisions. In the same year, JD.com, one of the Chinese online retailers and Digital China, an IT company offering digital solutions, together with partnered with Zebra Technologies Corporation to develop an IoT-based e-commerce logistics lab, that leverages the applications of IoT in online retail. The partnership streamlines JD.com’s back-end and supply chain processes and offers customized services to its customers. Additionally, the country is witnessing strong growth in the e-commerce sector particularly in remote areas, which allow third-party logistics (3PLs) to offer seamless logistics services for the retailers.

Europe is witnessing steady growth in the global IoT in the warehouse market. For the purpose of analysis, Europe has been segmented into six countries—the UK, Germany, France, Spain, Italy, the Netherlands, and the rest of Europe. The UK and Germany are the major revenue contributors to the market in the region. According to industry experts and MRFR analysis, countries such as Italy, Spain, the Netherlands, and others are significantly adopting IoT solutions in their warehouses. However, this technology is at its nascent stage in the region. According to industry experts, despite having a strong network infrastructure, the adoption rate of IoT warehouse solutions is slow due to the lack of skill set required for operation and understanding of the technical complexity of the offered solutions.

Global IoT in Warehouse Market Segmentation

The Global IoT in Warehouse Market has been segmented on the basis of solution, device, industry, and region. The market, by solution, has been segmented into inventory management, workforce management, electronic data interchange, and others (telematics and automation). By device, the market has been segmented into sensing devices, networking and gateways, and others. The industry segment has been divided into retail & logistics, automotive, food & beverage, healthcare, electrical & electronics, and others. The region includes North America, Europe, Asia-Pacific, and the rest of the world.

Prominent Players

Some of the Prominent Players in the Global IoT in Warehouse Market are IBM Corporation (US), Omnitracs, LLC (US), Software AG (Germany), TECSYS, Inc. (Canada), UltraShipTMS (US), HCL Technologies Limited (India), Cisco Systems, Inc. (US), Intel Corporation (US), PTC Incorporation (US), Oracle Corporation (US), Eurotech SpA (Italy), Zebra Technologies (US), and Infor Inc. (US).

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Articulated Robot Market 2021 Analysis, Largest Revenue Segment, Latest Innovation and Regional Forecast 2023

Market Research Future published a research report on “Articulated Robot Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

The recent trend of Industry 4.0 has called for an increase in the level of automation which can be considered as a boosting factor for the growth of articulated robot market. Automotive industry has been the primary market for articulated robots and continues to drive its growth in the coming years. Increase in demand for higher efficiency in production across various industries is driving the growth of the market. However high configuration and reprogramming cost for low volume production is expected to restrain the growth of global Articulated Robots Market.

Industry news

April 2017, Toshiba machine in partnership with TM Robotics announced the launch of Toshiba Machine’s newest TVM 6-axis line of articulated robots. The new line of robots is ideal for companies with material handling and machine tending needs. The cost-effective robots are aimed at a vast range of industries including automotive components, plastics, medical, packaging, and pharmaceutical.

Key Players

The key players in the global articulated robot market are ABB (Switzerland), Fanuc Corporation(Japan), Yaskawa Electric Corporation(Japan), Kawasaki Heavy Industries, Ltd.(Japan), Mitsubishi Electric Corporation(Japan), Seiko Epson Corporation(Japan), Toshiba Machine Co., Ltd(Japan), OMRON Corporation(Japan), KUKA Aktiengesellschaft(Germany), Yamaha Motor Co., Ltd(Japan), Aurotek Corporation (Taiwan), Cassioli Srl (Italy), Daihen Corporation (Japan), Denso (Japan), Engel (Austria), Nachi-Fujikoshi (Japan), Stubli International (Switzerland), SIASUN (China), HIWIN (Taiwan), GSK (UK), and Triowin (China).

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By Segments

The global articulated robot market is segmented based on component, payload capacity, application, industry vertical and region.

By component the global articulated robot market is segmented based on hardware, software and, services. The hardware segment is further segmented into controller, arm, drive, end-effector and sensor.

By payload capacity the global articulated robot market is segmented into low, medium, high, and heavy.

By application the global articulated robot market is segmented into material handling, welding, load/unload, bin picking, assembly, processing, washing, painting, and others.

By industry vertical the global articulated robot market is segmented into automotive, aerospace, EMS (electronic manufacturing services), food & beverages, metals & machinery, chemicals, rubber, & plastics, precision engineering & optics, pharmaceuticals & cosmetics, and others.

Regional analysis

The regional analysis for global articulated robot market is done for North America, Europe, Asia pacific and rest of the world.

Asia pacific is expected to dominate the global articulated robot market during the forecast period. The presence of key players like Fanuc Corporation, Yaskawa Electric Corporation, And Toshiba Machine Co., Ltd among others in the region is driving the growth of the articulated robot market in the region. Growing industrialization and production in countries like China and India is set to drive the growth of articulated robot market in the region.

North America is expected to contribute significantly to the global articulated robot market during the forecast period. Increasing development in automation and high adoption of automation in production in countries like US and Canada is driving the growth of the articulated robot market in the region. Europe is expected to contribute significantly to the growth of global articulated robot market during the forecast period. The presence of key players like ABB has led to the growth of articulated robot market in this region.

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