shweta's collections blog: April 2021

Friday, April 30, 2021

File Sharing Software Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

File Sharing Software Market Research Report Information - By Type (Client-Server, Peer to Peer), By Deployment Mode (Cloud), By End-user (Enterprises and Individual), By Vertical (Government, Healthcare, Media and Entertainment) - Global Forecast to 2027

Overview

The global file sharing software market is expected to have significant growth with a CAGR of 24.8% during the forecast period (2020-2027).

The market growth is attributed to the advancements in digital technology that enables the end user to share data seamlessly regardless of time and place. Major developments in the Internet of things (IoT) along with 5G technology and cloud computing offers better prospects for the file sharing software market. The file sharing software allows the employees to work from anywhere and anytime on their personal devices; this boosts employee productivity. Also, the employees are required to share a large amount of data seamlessly for working efficiently. The file sharing software offers a platform for such employees, and thus, the market is expected to grow at a significant rate.

Furthermore, cloud computing technology offers efficient sharing and synchronizing of files, images, video, and storage services. Enterprises, as well as individual users, are increasingly adopting cloud deployment to store and share files at a significant rate. Also, the adoption of bring your own device (BYOD) is also one of the fueling factors for the growth of the market. The growing concerns over data security due to third-party vendor involvement is the limiting factors for the growth of file sharing software market

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Competitive Analysis

According to MRFR analysis, the growth of the global file sharing software market is dependent on the market conditions. The key vendors in the global file sharing software market are Google (US), Dropbox Inc. (US), Microsoft Corporation (US), Box (US), Citrix Systems, Inc. (US), ownCloud GmbH (Germany), Intralinks Holdings, Inc. (US), Huddle (UK), Tresorit (Switzerland and Hungary), Onehub (US), IBM Corporation (US), SecureDocs, Inc. (US), Open Drive (US), Droplr (US), WeTransfer (Netherlands)..

Segmental Analysis

The file sharing software market has been classified into type, deployment-mode, services, end user, and vertical.

The type segment is further divided into system native, client-server, peer-to-peer, and others. The client-server segment accounted for the largest market share in 2017, and the peer-to-peer segment is expected to be the second largest market during the forecast period. Furthermore, the deployment segment is categorized into cloud and on-premise. The cloud segment is expected to dominate the market with the highest CAGR during the forecast period.

Additionally, the end-user segment has been segmented into enterprise user and individual user. The enterprise user segment is expected to dominate in 2017, and the individual user segment was valued with the higher CAGR during the assessment period.

Furthermore, the enterprise user is globally categorized into different verticals that include BFSI, healthcare, media and entertainment, IT & telecom, government, education and research, and others.

Regional Analysis

Geographically, the file sharing software market has been categorized into North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).

North America is leading the file sharing software market. The market growth is attributed to the rising number of BYOD users, adoption of cloud technology, and the need for transferring and sharing data quickly. Various mergers, partnerships, and collaborations take place in the US market, making it significantly dynamic. Few instances include Dropbox Inc.’s strategic partnership with Zoom Video Communications in October 2018 and the partnership between Dropbox and Salesforce for business expansion in March 2018.

Asia-Pacific is presumed to be the fastest growing region in the file sharing software market. The market growth is attributed to a surge in the number of enterprises adopting BYOD. Furthermore, China is one of the major revenue generating countries in the Asia-Pacific file sharing software market. Although there is a penetration of foreign file sharing platform providers in the country, the local people mainly adopt the local file sharing platform to share files. The top local file sharing software includes Baidu cloud, WeChat, Wetransfer, NiHao Cloud, and Nutstore Shanghai Yicun Network Technology Co., Ltd

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Data as a Service (Daas) Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

Data as a Service Market, Deployment (Public, Private, Hybrid), Organization Size (SME, LE), End User (BFSI, Healthcare, Retail, IT & Telecom), Pricing Model (Volume-Based Model, Data Type-Based Model), Solution, Professional Services — Forecast till 2027

Market Highlights

According to Market Research Future (MRFR), the global data as a service (DaaS) market is projected to achieve USD 12 billion at a CAGR of 39% from 2020 to 2027 (forecast period). The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry.

Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer. DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data.

Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves. Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.

Market Dynamics

The factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics. In addition, the industry is also driven by the increased adoption of cloud-based services in enterprises. Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry. The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) that could potentially impede the market growth.

Cloudera has extended its Altus Data Science platform as a service offering to the Azure cloud. This development will preserve business metadata and security and governance policies so that they can be implemented through data processing and data analytics workloads in the cloud.

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Key players

The industry giants in the data as a service are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Alibaba Group Holding Limited (China), Facebook, Inc. (U.S.), Fair Isaac Corporation (U.S.), Google Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), Bloomberg Finance L.P. (U.S.), Mastercard Advisors LLC (U.S.), LinkedIn Corporation (U.S.), and LexisNexis Corporation (U.S.).

Other participants in the market include comScore, Inc. (U.S.), Dow Jones & Company, Inc. (U.S.), FirstRain, Inc. (U.S.), Equifax, Inc. (Canada), Experian plc (Ireland), Twitter, Inc. (U.S.), Verizon Communications, Inc. (U.S.), SAS Institute Inc. (U.S.), Acxiom Corporation (U.S.), and EMC Corporation (U.S.).

Market Segmentation

The global data as a service market has been segmented into deployment, organization size, end-user, pricing model, solution, and professional services.

By deployment, the global data as a service market has been segmented into public cloud, private cloud, and hybrid cloud.

By organization size, the global data as a service market has been segmented into small and medium enterprises and large enterprises.

By the end-user, the global data as a service market has been segmented into BFSI, healthcare, retail, manufacturing, media & entertainment, transportation, IT & telecom, and others.

By pricing model, the global data as a service market has been segmented into volume-based pricing model and data type-based pricing model. The volume-based pricing model includes quantity-based pricing and pay per use pricing.

By solution, the global data as a service market has been segmented into disaster recovery and backup solutions, test data management, data warehousing, data migration, and others.

By professional services, the global data as a service market has been segmented into implementation & deployment, support & maintenance, and consulting.

Regional Analysis

The geographical analysis of the global data as a service market is studied for North America, Europe, Asia Pacific, and the rest of the world.

North America is expected to lead the data as a service (DaaS) market during the forecast period. North America has a large amount of unstructured data gathering due to the digital revolution in the commercial and industrial sectors. Furthermore, the early adoption of cloud-based deployment services in North America has made it easier for industrial verticals to opt for big data analytics to re-structure business functions and strategies.

With rapid advances in data as a service, Asia Pacific is expected to expand at a significant pace during the forecast period. With the growing acceptance of cloud-based services and tremendous opportunities across companies in Asia Pacific countries, there is greater scope for advancement in the data as a service (DaaS) market.

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Thursday, April 29, 2021

Legal Process Outsourcing Market COVID-19 Impact, Research Report- Forecast till 2027

Global Legal Process Outsourcing Market, By Component (Software, Services), By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), By Service Location (On-Shore Outsourcing, Offshore Outsourcing), By End Users - Forecast 2027

Market Overview

The global legal process outsourcing market is growing rapidly over 26% of CAGR and is estimated to reach USD 25 Billion by the end of forecast period 2020-2027, asserts Market Research Future (MRFR). This growth can be attributed to increasing demand for document drafting such as letters to the clients, document drafting, agreements and many others. Steady increase in the cost of legal proceedings has led the companies to outsource services. Cost-efficiency is one of the major factors profiting the LPO market. The legal billing activities including preparation of invoices, collation of time sheets and others are gaining a prominent foothold in the market. The litigation process has created a niche in the market as with this process the company can analyze and understand the customer's requirements and processes.

Technological advancements contribute towards the significant revenue growth. AI (Artificial Intelligence) is an essential tool for extracting valuable data. This enables firms to focus more on client work resulting in efficient delivery of services with high accuracy levels. Surging demand for intelligent technology to obtain information from unstructured data coupled with understanding and reading it as a human propels the growth of legal process outsourcing market.

Security concerns restrain the growth of the market, however major providers are addressing these concerns by implementing globally standard processes such as Six Sigma and many more.

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Market Segmentation

The global legal process outsourcing market has been segmented on the basis of component, organization size, deployment type, business function, end users, and region.

The components are segmented into software, service (bookkeeping and billing, legal research outsourcing, litigation support outsourcing, contract drafting, patent support, and review and management) and many more. Legal process outsourcing saves costs as well as time, expert service, flexible employment, thus providing various components with benefits, for instance in bookkeeping and billing. The market is segmented on the basis of organization size, which is segmented into small and medium-sized enterprises, large enterprises.

The market is also segmented on the basis of end users who are government, BFSI, healthcare, automotive and many more. Legal process outsourcing helps in cost reduction and high efficiency when it comes to end users. Improved turnaround time of services and focus on core functions are the benefits provided by legal process outsourcing, in turn marking a significant surge in the market in these sectors.

Regional Analysis

Geographically, global Legal process outsourcing market is spread across USA, Europe, Asia-Pacific and Rest of world. It is worth noting that the North America region dominates the market. The legal process outsourcing market in this region is primarily gaining a prominent foothold as it provides legal drafting solutions and all the advantages of a legal firm.

Also, Asia Pacific is most likely to generate the highest CAGR in the coming years. The availability of a skilled workforce with language proficiency along with government support has turned the Asia Pacific market an attractive destination for global LPO firms. India, China, Sri Lanka, and Malaysia are some of the major countries that offer LPO services in this region.

On the other hand, Europe is estimated to be the second largest market share during the forecast period 2017-2023. The low cost of real estate, high employee retention rate, growing foreign investment, and large hiring pool of multilingual candidates are some of the factors that make this market profitable in this region.

Key Players

The companies such as WNS Holdings (India), Wipro Limited (India), QuisLex Inc. (U.S), Integreon Managed Solutions Inc. (U.S and UnitedLex Corporation (U.S) are the leading of provider of legal process outsourcing services in the market.

Industry Developments

Wipro Limited (India) has announced that it has been named a winner in the ‘HFS Research Blueprint Report on Retail Customer Engagement Services.’ It has maintained its strong client relationships, huge growth in automation, and has further broadened its portfolio across retail sector.

UnitedLex announced that it has been selected by General Electric Co. (GE) to deliver innovative legal services for the company’s global law function. In this agreement, UnitedLex will partner with GE to optimize legal functions to support litigation and investigations.

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Pharma Knowledge Management Software Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

Global Pharma Knowledge Management Software Market, By Software (Android, Windows, iOS), By Deployment Type (On Premises, Cloud, Hybrid), By End-Users (Agricultural Biotechnology, Environmental Biotechnology, Academics, Forensic Biotechnology) - Forecast 2027

Market Overview

Market Research Future (MRFR), in its latest study on the pharma knowledge management software market 2020, reveals causes that are likely to support and restrict the rise of the market. Along with this report, a complete assessment of the performance of the pharma knowledge management software market in COVID 19 pandemic is also provided. As per MRFR findings, the pharma knowledge management software market can rise at 17% CAGR in the evaluation period 2020 to 2027. The pharma knowledge management software market valuation can surpass USD 2 Bn by the end of the review period.

Pharma knowledge management software aids in the identification, evaluation, capturing, rectification, and sharing medical information with high degree of accuracy. The increasing in the commercial interest of the software in recent years can bolster the expansion of the pharma knowledge management software market across the review period. The rise in need for post Information gathered by pharma knowledge management software play a significant role in drug development processes to gain global foothold, which is expected to promote the expansion of the pharma knowledge management software market through the assessment period. The rise in the count of pharmaceutical companies using pharma knowledge management tools to derive information from social networks that assists in the analysis of different types of drugs, disorders, and ingredients among others is expected to boost the expansion of the market.

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Segmental Analysis

The segmental analysis of the pharma knowledge management software market is done by software, deployment type, and end-user.

The deployment type, the pharma knowledge management software market segments are hybrid, on premises, and cloud. The cloud segment can gain high traction in the review period. The software based, the pharma knowledge management software market segments are Windows, iOS, Android, and others. Increase in iOS and Android applications can promote the market in the years to come. The end-user based segments of the pharma knowledge management software market are forensic biotechnology, animal biotechnology, agricultural biotechnology, medical biotechnology, academics, environmental biotechnology, and others. The introduction of pharma knowledge management software in medical biotechnology can cause the market to rise at a high pace.

Regional Analysis

In North America, the rise of the pharma knowledge management software market can be attributed to the growing usage of advanced technologies, such as; artificial intelligence, machine learning, and IoT. The increase in the deployment of disruptive technologies to enhance capability of pharma knowledge management tool across the assessment period can prompt the expansion of the market in the region. In addition, the existence of top notch tech companies that develop pharma knowledge management software, such as SAP SE (Germany) and eXo Platform (U.S.) can cause the expansion of North America pharma knowledge management software market.

Europe is observed as an attractive destination for marketers for the introduction of innovative solutions. Rise in R&D for health related initiates can support the progress of EU pharma knowledge management software market in the foreseeable future. In the Asia Pacific region, the booming pharma and biotech sectors are expected and increase in the adoption of knowledge management software by these sectors are expected to promote the expansion of the market in India and other areas of APAC across the forecast period.

Competition Dashboard

Lucidea (Canada), eXo Platform (U.S.), SAP SE (Germany), Nuance Communications, Inc. (U.S), Theum AG (Germany), SuiteRx (U.S), Callidus Software Inc. (U.S.), Oracle Inc. (U.S.), Altair Engineering, Inc. (U.S.), and MangoApps Inc. (U.S.) are some noteworthy marketers of the pharma knowledge management software market, enlisted by MRFR.

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Entertainment & Media Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2030

Global Entertainment & Media Market Research Report: Information By Type (Wired and Wireless), Application (Books & Magazine, Films & Theatrical, Social Media, Music, Animation, Video Games, Outdoor Advertising, Radio & Broadcasting, Amusement Park/Facilities, Sports, Toys and Arts) and Region (North America, Europe, Asia-Pacific and Rest of the World: Middle East & Africa and South America) - Forecast till 2030

Market Analysis

The entertainment & media market is likely to develop at a healthy 10.40% CAGR between 2018- 2030, states the recent Market Research Future (MRFR) analysis. The entertainment & media market includes every form of broadcasting medium, including TV, radio, magazines, newspapers, and also books, music, and film.

Various factors are propelling the global entertainment and media market growth share. According to the recent MRFR report, such factors include the advances in digital technologies, the emergence of 5G network connectivity services, the impact of artificial intelligence on the gaming sector with increasing demand from consumers for an enhanced gaming experience, the proliferation of connected and smart devices like smart TVs, gaming consoles, smart speakers, tablets, and smartphones, and growing adoption of the internet.

On the contrary, challenges of controlling piracy, proper enforcement of copyright laws, development of new media content, the emergence of a new culture, and the impact of the on-going COVID-19 pandemic are factors that may impede the global entertainment and media market growth over the forecast period.

Segmental Analysis

The MRFR report highlights an inclusive segmental analysis of the global entertainment and media market based on application and type.

By type, the global entertainment and media market is segmented into outdoor advertising, toys, book and magazines, radio and broadcasting, amusement park/facilities, art, sports, video games, animation, social media, music, and films and theatrical. Of these, books and magazines segment is predicted to lead the market over the forecast period.

By application, the entertainment & media market is segmented into wireless and wired. Of these, the wired segment will dominate the market over the forecast period.

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Competitive Analysis

Key players profiled in the global entertainment and media market report include The Walt Disney Company (US), CBS Corporation (US), Viacom, Inc (US), Bertelsmann SE & Co. KGaA (Bertelsmann) (Germany), Facebook, Inc. (US), Comcast Corporation (US), Alphabet Inc. (US), Verizon Communications Inc (US), Warner Media, LLC (US), Grupo Globo (Brazil), Discovery, Communication Inc (US), iHeartMedia, Inc. (US), Advance Publications, Inc. (US), News Corporation (US), and Baidu Inc. (China).

Regional Analysis

Based on the region, the global entertainment and media market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. A major contribution from the US film & media enterprises and gaming & music industry, demand to access media and entertainment live by consumers on smartphones, presence of large and small media & entertainment conglomerates like cable & magazine subscriptions, newspaper, music services, video and streaming services, movie theatres, films, and television, excellent video distribution network is adding to the global entertainment and media market growth in the region. The United States holds the maximum share in the market for the presence of the world’s largest publishing sector that publishes e-books and content in educational and professional sectors and increasing demand of consumers for an enhanced reading experience. The US is followed by Canada and Mexico.

The global entertainment and media market in Europe is predicted to hold the second-largest share over the forecast period. Rising internet penetration, the huge contribution from the media sector, presence of leading radio broadcasters in Western Europe comprising France, Spain, Germany, and the UK, and increasing internet access in Sweden, Italy, Denmark, and Russia are adding to the global entertainment and media market growth in the region.

The global entertainment and media market in the APAC region is predicted to grow at a fast pace over the forecast period. Presence of a large population in India and China that demands high-quality media content, presence of leading media providers, growing adoption of tablets and smartphones in Japan and China, rapid growth in the entertainment & media industry in China, the advent of digital media, increasing digitalization, increasing adoption of media & entertainment services and products like films, video games, advertisements, and videos, and heavy investments made by the Chinese government enabling foreign companies to invest in local newspapers and magazines are adding to the global entertainment and media market growth in the region.

The global entertainment and media market in the RoW is predicted to have steady growth over the forecast period.

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Wednesday, April 28, 2021

Fitness App Market COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast till 2027

Global Fitness App Market Research Report: Information By Type (Workout and Exercise Apps, Disease Management, Lifestyle Management {Sleep Tracker and Period & Ovulation Tracking}, Nutrition & Diet, Medication Adherence and Others {Meditation and Brain Training Apps}), By Platform (Android, iOS and Windows), By Device Type (Smartphones, Tablets and Wearable Devices) - Forecast till 2027

Market Highlights

Global Fitness App Market spans across North America, Europe, Asia-Pacific, and the rest of the world. North America is dominating the global fitness app market owing to the growing demand for wearable devices such as smart bands, smartwatches, and smart rings, the increasing awareness regarding the health conciseness, and the rising penetration of smartphones. For the purpose of analysis, the market in North America has been segmented into the US, Canada, and Mexico. During the forecast period, the US is expected to be the leading country-level market, registering a CAGR of 27.56%, followed by Canada and Mexico. The growth in the US is attributed to the presence of key players providing fitness apps such as Fitbit (acquired by Google) and the increasing adoption of smartphone devices for activity tracking. The US is one of the largest smartphone markets in the world, having the highest percentage of smartphone penetration rate in 2017, which resulted in the growth of the fitness app market in the country. Canada has the second-largest market share and is the fastest growing country with a CAGR of 30.6% in the North American fitness app market during the forecast period. The wearables market in Canada has been increasing steadily due to the growing adoption of devices among people with fitness and health concerns. This has led to the rising adoption of fitness apps in the Canadian market during the forecast period.

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Asia-Pacific is the fastest-growing region in the fitness app market. The growing consumer demand for a healthier lifestyle and the continuously growing interest in maintaining a balanced diet and the demand for improved healthcare across Asian countries has made the country the fastest growing. Additionally, the increased personal per capita disposable income is driving the fitness app market growth in the region. To facilitate analysis, the Asia-Pacific market has been further divided into China, Japan, India, Singapore, Australia, South Korea, and the rest of Asia-Pacific. China is dominating the fitness app market in the region. This growth in the country can be attributed to the high penetration of mobile phones and the increasing use of connected health devices. According to the Global Wellness Summit 2018, among 802 billion mobile users, more than 104 billion users have downloaded at least one fitness app on their mobile phones. Such factors are contributing to the growth of the fitness app market in China. India is expected to with the highest CAGR in the Asia-Pacific fitness app market due to growing awareness regarding fitness and the rising government initiatives to improve the health of the population. The country also records a rising use of smartphone devices across all age groups and the growing adoption of wearable fitness devices, which is expected to fuel the growth of the fitness app market across the country.

Europe and the rest of the world are also witnessing considerable growth in the global fitness app market. The growth of the fitness app market in Europe can be attributed to the various government initiatives regarding health and wellness awareness, growing digitalization, and the high cost of fitness centers. For analysis, Europe has been segmented into the UK, Germany, France, Spain, Italy, and the rest of Europe, amongst which the UK is the major revenue contributor to the market in the region. The rest of the world comprises South America and Middle & Africa. The factors such as the increasing Internet connectivity and the rising investments by the major players are likely to drive the market growth in this region.

Global Fitness App Market is expected to reach USD 298.30 Billion by 2027 and register a CAGR of over 31.25% during the forecast period, 2020–2027.

Global Fitness App Market Segmentation

Global Fitness App Market has been classified based on Type, Platform, Device Type, and Region. The global market, by type, has been segmented into workout and exercise apps, disease management, lifestyle management (sleep tracker and period & ovulation tracking), nutrition & diet, medication adherence, and others (meditation and brain training apps). By platform, the global market has been divided into Android, iOS, and Windows. By device type, the global market has been segmented into smartphones, tablets, and wearable devices. Based on the region, the fitness app market is divided into North America, Europe, Asia-Pacific, and the rest of the world.

Prominent Players

Some of the Prominent Players operating in the Global Fitness App Market are Google LLC (US), Samsung Electronics Co., Ltd (South Korea), TomTom International BV (Netherlands), Lenovo Group Limited (China), Nike, Inc. (US), Adidas AG (Germany), Under Armour, Inc. (US), Wahoo Fitness (US), Azumio Inc. (US), Asics Corporation (Japan), and Grand Apps (US).

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Online Travel Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

Online Travel Market Report: By Platform Type (Mobile/Tablets Based, Desktop Based) Mode of Booking (Online Travel Agencies, Direct Travel Facilitators) Service Type (Transportation, Accommodation, Vacation Packages) - Global Forecast till 2027

Market Dynamics

The online travel market 2020 could potentially reach a valuation of USD 1,134.55 Billion by 2027, confirms Market Research Future (MRFR). MRFR also estimates the market progression rate to be 13.16% between 2020 and 2027 (review period). We will provide covid-19 impact analysis with the report. The report offers an in-depth analysis of the market following the coronavirus disease outbreak.

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COVID-19 Impact

As per MRFR analysis, the impact of COVID-19 on the online travel industry is quite high and is likely to remain the same during the coming months. Even after the situation reverts to normal, the industry will continue to follow the norms of social-distancing. The industry cannot expect the same quantum of airline and lodging bookings as before. It is expected that the prices will increase considering how important it is for the customers to travel. This will, in turn, result in increased cash flow in the market, thereby creating opportunities for the OTAs across the globe.

Growth Boosters and Main Barriers

With frequent technical innovations along with the rising use of smartphones, new methods are being explored that can make traveling more comfortable and easy, leading to expansion of the travel and tourism industry. Mobile apps have gained massive traction in the market and are a big hit among travelers looking for the best travel arrangements. Hassle-free navigation and easy accessibility via online travel sites have led to boom in the online travel market. Over the years, travel bookings on mobiles have become quite prevalent across the globe.

More and more companies are exploring new ways to fulfill the evolving needs of the travelers, leading them to develop innovative apps to generate higher interest. Apps imbibed with numerous features are being created to be connected throughout the traveler’s journey and help them as and when needed. These apps offer the travelers with high flexibility, becoming a differentiating factor that helps the consumers determine which travel company to choose from during the online travel process. Customers also download airlines and hotels apps for quick booking and other related services. Various other services are emerging that are expected to generate more interest in online traveling, which include concierge services, customized coupons, and in-destination services. These innovative services help promote the brand and procure higher consumer base, thus working in favor of the online travel market.

Social media platform in the online travel market has been a significant influencer, acting as a noteworthy marketing medium for online agencies. More and more travelers are using social media to post their reviews and given information about their travel experience, which helps others decide which travel agency to go for, based on their requirements. Therefore, social media can emerge as a notable trend in the online travel market during the appraisal period.

Segmental Review

Platform type, booking and service type are the main segment according to which the market review has been conducted in the report.

The platform types include desktop-based platform as well as mobile/tablets based.

The booking-wise market segmentation comprises direct travel facilitators and online travel agencies.

Depending on the service type, the primary segments include accommodation (hotels and guest house/dormitory), vacation packages (in-country and outside country) and transportation (air travel, train travel, bus travel and others).

Regional Insight

The geographical analysis of the online travel market is done for North America, Europe, Asia-Pacific, and the rest of the world.

In 2017, North America led the market with a share of 33.75% and held the value of USD 192.46 billion. It is projected that the North American market can achieve a growth rate of 11.8% during the assessment timeline. The same year, the second position was held by Europe at a value of USD 178.72 billion; and estimations indicate that the regional market can progress at a rate of 12.0%. The APAC market can gain the fastest growth rate of 15.9% in the following years.

The influx of automation, augmented and virtual reality and big data have created several opportunities for the travel agencies in North America. The online travel market in the region is booming, backed by the rising demand for CRM solutions across diverse industries, combined with the increasing use of the mobile booking technology as well as travel apps.

In Europe, the thriving travel and tourism industry forms the core of the economy and generates high degree of employment. The expansion of the tourism sector in the region is the biggest growth booster in the online travel market in Europe.

APAC is creating waves in the online travel market, thanks to the rising disposable income, expansion of the middle-class category, and increasing penetration of Internet facilities. Ctrip is considered to be the leader among the online travel companies in China, while Yatra, Cleartrip and MakeMytrip are some of the most renowned online travel agencies in India. OTAs have become the most favored medium for online bookings in APAC, resulting in better market growth.

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Industrial Design Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

Global Industrial Design Market Research Report: By Type (Product Design, Model Design and Fabrication, User Interface and Interaction Design, Other Industrial Design), By Application (Transportation, Electronic, Household, Machinery & Equipment, Others) - Forecast to 2027

Market Overview

Market Research Future (MRFR) has announced a new report on the global industrial design market. Extensive data aggregation on the global industrial design market is performed in the report with the help of dynamic primary and secondary research methods. Top-down and bottom-up approaches are used to figure out the market’s overall standing in the global marketplace and the relative role of each segment within the overall market. The global growth prospects of the industrial design market are analyzed by compiling the growth prospects of its various segments. The competitive landscape and segmentation of the global industrial design market are assessed in detail to provide pointers as to how players can succeed in the various components of the market over the coming years.

According to the report, the global industrial design market is likely to rise at a CAGR of 5.85% over the 2020-2027 forecast period, having been valued at USD 32,546.5 million in 2013. The market is expected to almost double in value over the forecast period, with a valuation of USD 61,786.7 million expected for the market by 2027.

The industrial design market has grown steadily in the last few decades due to the growing investment in computer-aided design and computer-aided engineering. The growing global industrial design market is likely to be influenced by factors such as the increasing environmental awareness among industrial heavyweights and the growing incorporation of the Internet of Things (IoT) among industrial sectors to make production processes easier and smoother.

Green engineering is likely to be a major component of the global industrial design market over the forecast period. The industrial design market is expected to be dominated by trends regarding the environmental viability of manufacturing processes as well as the use of environmentally feasible, renewable energy sources in the production of the designed products. Environmentally oriented manufacturing processes are likely to become more popular in the industrial sector over the coming years, shaping the trajectory of the industrial design market as an influential factor.

Recent Developments

Iptor has entered into a partnership with HARMAN for developing future solutions and providing cloud solutions for clients across publishing, pharmaceutical, and distribution businesses. Design developments comprising social collaboration, process automation, robotic support, and industry 4.0 are expected to drive the demand for industrial design.
The LG Wing G5 by LG has utilized industrial design to its full potential for its latest smartphone. It has integrated latest technologies and compatible with wireless communication technologies. It contains two display screens with the second one able to swivel horizontally with the help of hydraulic dampers.

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Segmentation Analysis:

The global industrial design market is segmented by type and application.

By type, the market is segmented into product design, model design and fabrication, user interference and interaction design, and other industrial design. Product design is likely to remain the most important segment of the global industrial design market over the forecast period due to its prime importance in any manufacturing sector, rising to a value of USD 23,273.8 million by 2027.

By application, the global industrial design market is segmented into transportation, electronics, household, machinery and equipment, and others. The machinery and equipment segment is likely to remain the leading contributor to the global industrial design market over the forecast period due to the strong growth of the industrial sector in countries round the world. The segment is likely to rise to a valuation of USD 19,889.4 million by 2027, followed by the electronics segment with USD 16,261.5 million.

Regional Analysis:

Asia Pacific is likely to remain the leading contributor to the global industrial design market and is likely to extend its lead at the top of the market’s charts due to the growing investment in the industrial sector. The Asia Pacific is also likely to benefit from the growing adoption of IoT solutions in these and other countries in the region, which represent an untouched market for the IoT industry and are likely to emerge as leading consumers of IoT solutions over the coming years. The manufacturing sector in countries such as India, Korea, Thailand, Taiwan, and Japan is likely to boost spectacularly in the coming years due to the growing government efforts to make the most of the human capital available in these countries and increasing investment by foreign players in these markets. This is also likely to be a major driver for the industrial design market in Asia Pacific over the forecast period, which is expected to reach a valuation of USD 24,264.3 million by the end of the forecast period.

Report Scope

Global Industrial Design Market report compiled by MRFR illustrates the trajectory of segments and sub-segments as well as supporting factor driving their growth. The report contains a comprehensive summary and explores all opportunities, trends, and threats to be faced by industry leaders in the coming years. It is segmented in the following manner:

By Type

User Interference and Interaction Design
Model Design and Fabrication
Product Design
Other Industrial Design

By Application

Electronics
Household
Machinery and Equipment
Transportation
Others

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Tuesday, April 27, 2021

Mobile Value-Added Services (MVAS) Market COVID-19 Impact, Research Report- Forecast till 2027

Global Mobile Value-Added Services Market Research Report: Information By Type (Short Message Service (SMS), Voice, Data and Value-Added Services (VAS)), By Product (Mobile Games, Mobile Music, Mobile Wallet, Mobile Commerce, Mobile Advertising, Email and IM and others ), By Store (Google Play, App Store (iOS) and others), By Verticals (BFSI, IT & Telecommunication, Media & Entertainment, Retail, Healthcare Government and others) - Forecast till 2027

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that over the forecast period the global Mobile Value-Added Services market 2020 is expected to expand rapidly, ensuring a significant market valuation of CAGR 309.1 billion and a healthy 15%.

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Drivers and Restraints

The rising demand and ownership of smartphones has given the impression that mobile value-added services are being advertised right around the corner. Constant modification and optimization of services according to customer demand is expected to have a positive impact on telecom operators and service providers in the mobile value-added services sector , particularly in the education, advertisement, and IT and telecommunications industry. During the forecast era mobile value-added services are projected to experience substantial growth in all the industrial verticals. Increasing smartphone ownership along with the growing need for personalized services are likely to be significant growth determinants in the coming years. The central concern of service providers has been providing customers with the latest developments in value-added services related to technology. Growing smartphone ownership along with increasing demand for personalized services are likely to be significant growth determinants in the coming years. The need by companies and customers for personalized value-added services is gaining momentum. Therefore, the mobile value-added services market is expected to experience growth during the forecast period.

Segmental Analysis

The Global Mobile Value-Added Service Market has been segmented based on store, type, product, vertical, and country.

The mobile value-added services were segmented into short message service (SMS), speech, data, and value-added services (VAS), based on sort. The mobile value added service market, the year 2018, is dominated by SMS. Voice is the market's second-largest segment, and the VAS segment is projected to rise at the fastest CAGR.

The market was classified, based on category, as mobile games, mobile music, mobile wallet, mobile shopping, mobile ads, email and IM, and others. Mobile music and gaming dominate the market for internet added value services in 2018.

The market is categorized according to the platform as Google Play, App Store, and others. The largest market share in 2018 was in the Google Play group. The App Store segment accounted for the second-largest market share in 2018, and the highest CAGR in the forecast period is expected to be reported.

The mobile value-added services sector was divided up vertically into media & entertainment, banking, financial services, and insurance (BFSI), education, retail , government, IT & telecommunications, and others. All these vertical industries deploy mobile added value services

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific North America, Europe and the rest of the world.

North America is the world leading region for mobile value-added services in terms of market share. The expansion of the market is attributed to the presence of many mobile value-added service providers offering their services to the companies / verticals.

In 2018 Europe was the second-largest mobile value-added services market. Europe was divided into United Kingdom, Germany, France and the rest of Europe. The UK is predicted to gain the highest market share according to the MRFR report, followed by Germany , France and the rest of Europe. Some of the other factors responsible for the growth of the market include an rise in the number of companies / verticals that make use of various mobile value-added services. Mobile Value-Added Services are being used increasingly by companies in vertical IT and telecommunications, retail and BFSI in Europe today.

Competitive Analysis

The key market players operating in the global market as identified by MRFR are MyRepublic Limited, IPROTECH, Singtel, InMobi Pte. Ltd, Vodafone Group PLC, OnMobile Global Limited, CALLUP, Kongzhong Corporation, Stonehenge Telecom, Symsoft, Comviva, Giesecke+Devrient Mobile Security GmbH, Streamwide SA, TelcoVas, and Sangoma Technologies.

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Customer Analytics Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

Customer Analytics Market, By Solution (Web Analytical Tools, Social Analysis Tool, Reporting), By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise) - Global Forecast 2027

Market Synopsis

According to the customer analytics market is expected to grow at approximately USD 7.3 Billion by 2027, at 15% of CAGR between 2020 and 2027.

Market Scenario

The main drivers of the market for customer analytics are that competition between companies and increasing demand for better customer service is fuelling the growth of the market for customer analytics. The market studied is growing more rapidly due to the increasing demand for better customer service. Throughout the retail sector, consumer analytics is used extensively to develop customized interactions and marketing programmes. Growth in the concern of social media is a key driver for studied market. Social media analytics incorporates tracking, measurement and analysis tools to reveal consumer and company feelings with customers through social media platforms by linking their product list with e-commerce sites, the growing demand and ownership of smartphones has created the illusion that they are advertising mobile value-added services right around the corner. Constant customer-specific modification and optimization of services is expected to have a positive impact on telecom operators and service providers in the mobile value-added services market , particularly in the education, advertisement, and IT and telecommunications industries. Mobile value-added services are expected to expand significantly across all industrial verticals during the forecast period. Increasing ownership of smartphones along with a growing need for personalized services.

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Market Segmentation

The global Customer analytics market is segmented on the basis of deployment, solution, service, organization size, and vertical.

This covers data processing, predictive software, and social media analytics software, customer voice, web analytics platform, dashboard, and reporting by application group. Social media analysis tools allow company to gain competitive advantage by improving business awareness, enhancing product and service processes, providing deep insight into consumer purchasing behavior and promoting industry innovation.

Based on deployment, the customer analytics market is segmented into cloud and on-premise. The cloud-based customer analytics system offers website traffic search filters, the most common website and the performance monitoring program. Cloud solution enable organization by providing drag and drop function and offers roll-based workflow. The study indicates that growing demand of digitally stored data and cloud computing is driving the on-premise deployment service.

Customer analytics Market by Organization Size, is segmented into Small & Medium Enterprises and Large Enterprises.

Customer analytic Market by Vertical, is segmented into Government & Defence, BFSI, IT & Telecommunication, Healthcare, Retail, Manufacturing, Travel & Hospitality, Transportation & Logistics, media & Entertainment and Others

Regional Outlook

The regional analysis of customer analytics market has been conducted on Asia pacific, Americas, Europe and Rest of the World.

Thanks to the presence of major players in the area and the adoption of customer analytics solution by small and large businesses, North America has the largest market share in the customer analytics industry. Countries like the US and Canada are contributing significant quantities of revenues in the region's customer analytics sector.

North America's digitization is largely due to the advent of new technologies, and the societies that benefit from it. Small and medium-sized businesses are growing rapidly implementing customer analytics solution, particularly one for the retail sector. Customer analytics are increasing interest as companies are looking to boost their business growth by switching from on-site to cloud-based. The initial low cost, cost savings on infrastructure, automated product updates, and seamless integration drives the cloud-based customer analytics industry.

Asia-Pacific area is expected to rise at the highest CAGR. Companies in the region are investing heavily in customer analysis tools to increase business performance and competitiveness and increasing e-commerce in the region is boosting the region's market.

Competitive Dynamics

The major players in the customer analytics market are – Fair Isaac Corporation (Fico) (U.S.), Angoss Software Corporation (U.S.), IBM Corporation (U.S.), Pitney Bowes (Germany), SAS Institute (U.S.), Teoco Corporation (U.S.), Actuate Software Corporation (U.S.), Verint System (U.S.), Oracle Corporation (U.S.), SAP AG (Germany) among others.

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Security Operations Center (SOC) Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

Global Security Operations Center Market Research Report: Segmentation by Service (Security Monitoring Service, Information Security Incident Response Service, Risk Reporting and Analytics Service and others), Organization Size (Large Enterprise and Small and Medium-Sized Enterprise), Model (In-House SOC and Outsourced SOC), Vertical (BFSI, Healthcare, Oil & Gas and others), Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

Overview

Global Security Operations Center (SOC) Market is expected to register a CAGR of 10.31% during the review period, 2020–2027. 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 need to defend against the growing number of cyberattacks worldwide is a key factor that boosts the market growth. For instance, in May 2019, hackers stole photos of travelers and license plate information of almost 100,000 vehicles that had moved in and out of the US, from a US-based customs and border protection surveillance contractor, who had transferred the said information to his own network. In March 2019, a security breach occurred at the American Medical Collection Agency, a healthcare-related debt collector. Filings with the US Securities and the Exchange Commission indicate that the intrusion on AMCA's systems lasted from August 2018 to March 2019. The growing need for enterprises to reduce risks, the need for stringent compliance with the regulatory requirements, and the technical advancements in cyberattacks are some of the factors which boost the SOC market. However, the lack of reliability of third-party vendors is a factor, which limits the market growth. The growing need for the protection of critical data from the banking, financial services, and insurance (BFSI), IT and telecommunication, healthcare, manufacturing, and other verticals offers lucrative opportunities to the key players in the global SOC market.

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Competitive Analysis

Capgemini SE (France), Cisco Systems Inc. (US), Secureworks Inc. (US), Symantec Corporation (US), Raytheon Company (US), Netmagic Solutions (India), Dark Matters Inc. (UAE), Digital Guardian (US), Fortinet Inc. (US), AT&T (US), Alertlogic (US), Rapid7 (US), F5 Networks Inc. (US), and Netdatavault (India) are some of the key players in the global security operations center (SOC) market among others.

Segmental Analysis

The Global Security Operations Center Market has been segmented based on service, model, organization size, vertical, and region.

By service, the global security operations center market has been categorized into security monitoring service, information security incident response service, threat and vulnerability identification, digital forensics and malware analysis service, risk reporting and analytics service, and others. The security monitoring services offered by the security operations center (SOCs) help in detecting network-level threats to the organizations. Information security incident response services offer incident investigation on the eradication of cybersecurity risks to the organization. Threat and vulnerability identification and management services proactively identify, investigate, and respond to threats and security vulnerabilities related to the data, applications, software, and the network of the company. The digital forensics teams assist and train local, state, and federal law enforcement agencies in investigating cybercrimes. The risk reporting and analytics services help in providing SOC reports to the organizations and assuring that all the operational controls are in place, thereby protecting security, availability, processing integrity, confidentiality, and privacy of the organizations. Others include remediation services that are deployed before the security incident and security administration.

By model, the global security operations center market has been categorized into in-house SOC and outsourced SOC. An in-house SOC is a department in any organization which monitors the network for any indications of a cyberattack and responds to any potential cybersecurity threat to the organization. An outsourced SOC includes managed service providers who offer SOC as a service. A managed SOC provider offers a hybrid resourcing model of on-site and off-site skilled professionals with 24x7 coverage based on an SOC model, which is customized as per the client’s business needs.

By organization size, the global security operations center market has been categorized into large enterprises and SMEs. The adoption of SOCs is high among large enterprises as compared to SMEs, as a huge investment is involved both in terms of time and money. The SOC services are appropriate for large companies that aim at long-term security. The major benefit offered by the SOCs to the large enterprises is that the security intelligence team will be a part of the company’s workforce itself which reduces the risk of data breaches. Cybersecurity can pose a challenge for small- and medium-sized enterprises (SMEs). SMEs often struggle to gain the resources necessary to build, manage, and scale an SOC due to a lack of cybersecurity expertise. Due to the growing complexity of cyberattacks, currently, the SOCs are becoming increasingly important for enterprises to protect sensitive data against intrusions, damaging DDoS attacks, and data security breaches, helping with investigation and remediation of the attacks. Due to the lack of expertise, the SMEs are expected to move toward the outsourced SOC model which offers SOC as a service.

By vertical, the global security operations center market has been categorized into IT & telecom, government, BFSI, oil & gas, aerospace and defense, healthcare, retail, travel & tourism, and others. IT & telecom accounted for the largest market share of the SOC market in 2017 and is expected to register a CAGR of 8.85% during the forecast period. The government segment held the second-largest market in 2017, valued at USD 4,875.01 million; it is projected to exhibit a CAGR of 12.60%. However, the BFSI market segment is expected to register the highest CAGR of 13.69%.

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Tuesday, April 27, 2021

Mobile Value-Added Services (MVAS) Market COVID-19 Impact, Research Report- Forecast till 2027

Customer Analytics Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

Security Operations Center (SOC) Market COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

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