Building Information Modelling (BIM) Market Research Report|COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2023

 MRFR analysis reveals that the world market of building information modelling can rise at 14.9% CAGR through the assessment period (2017 to 2023). 

Market Overview

Market Research Future (MRFR), reveals in its newly published report on the world-building information modelling (BIM) market 2020, different factors that can prompt the expansion of the market. The report shed light on drivers and limiting factors of the BIM market that can equip business people to take better decisions. MRFR analysis reveals that the world market of building information modelling can rise at 14.9% CAGR through the assessment period (2017 to 2023). In recent times, rise in the tangibility of mega infrastructure projects across the globe can impel the building information modelling market in the review period. The rise in the demand for industrial space expansion can lead to the expansion of the worldwide market of building information modelling. Meanwhile, the high rate of deployment of BIM across the transportation sector to upgrade road and railways infrastructure and services can prompt the building information modelling market rise in the near future. BIM allows engineers and builders to access the digital database of construction sites, which aid in the modification of designs as per needs. Smart technologies, such as BMI can simplifying building and construction procedures, plus the ongoing cloud-based management and 3D laser trends can improve the impetus of the BMI market.

Segmental Outline

The segment study of the world BIM market is based on end-user, industry, product, and project lifecycle.

The product segments of the BIM market are BIM Project Management, BIM Software, and BIM Training services. The BIM software segment can earn an annual revenue of above USD 1300 Mn by 2023. The segment can rise at 16.2% CAGR through 2017 to 2023. Developer investors are putting high amount for effective innovations that can add a competitive advantages to its end users.

The project lifecycle segments of the building information modelling are construction, operation, and pre-construction. The pre-construction segment can cause the BIM market to thrive at 14.9 % CAGR and generate above USD 1400 as annual income by 2023. The rise in the need for smart building development can prompt BIM adoption to improved pre-construction standards. 

The end user segments of the building information modelling market are architects, government, and engineers. The engineers segment of the market can rise at 14.4% CAGR and cause revenue generation that can exceed USD 1300 Mn by 2023. The high BIM solutions application to access digital database can establish the expansion of the firm constructions companies to spur the growth of BIM market by 2023.

The industry-based segments of the BIM market are industrial, healthcare, oil & gas industries, entertainment, residential, sports, commercial, and others. The commercial segment can improve market valuation by the end of the review period. By 2023, the BIM market value can surpass USD 744 Mn at 18.3% CAGR.

Regional Outlook

North America building information modelling market can value at USD 1350 Mn at 11.2% CAGR by 2023, reveals MRFR analysis. In Europe, the building information modelling market can rise at 17% to produce annual revenue that can exceed USD 1180 Mn by 2023. The high disposal income of people in the region, plus the increased infrastructural development across these regions can impel the rise of the regional building information modelling market in the near future. In Asia Pacific, the building information modelling can rise due to the growing smart cities in the area.

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API Management Market Research Report|COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2022

 The key players of global API Management market report include IBM Corporation (U.S.), Microsoft Corporation (U.S.), Akana, Inc. (U.S.), CA Technologies, Inc. (U.S.), Cloud Elements, Inc. (U.S.), Hewlett-Packard Enterprises Co. (U.S.), Mashape Inc. (U.S.), MuleSoft, Inc. (U.S.), Oracle Corporation (U.S.), RedHat, Inc. (U.S.), SAP SE (Germany), and others are profiled in MRFR Analysis and are at the forefront of competition in the global application programming interface management market.

Overview

Application programming interface management is the procedure of publishing, documenting and supervising application programming interfaces in a secured, scalable environment. One of the major driver contributing to the growth of the application programming interface management market are mobility and application proliferation, increasing number of mobile subscribers, the rising social media applications, growing demand for private and public APIs, increasing popularity of web APIs, increasing advancements of internet of things and big data. Application programming interface management permits an enterprise to publish an application programming interface to observe the lifecycle and the needs of the application creators.

The application programming interface software can be made in-house or can be purchased as a service. An application programming interface delivers numerous functions. These functions can be automation and connections between an application programming interface and the applications. This ensures the consistency between multiple interface applications and simultaneously monitor traffic from individual applications. However, data security, legacy investments in SOA and performance monitoring by skilled professionals are hindering the growth of the market.

Industry News

December 2017, Telefonica Selects CA Technologies for API Management. Telefonica recently deployed CA Technologies’ API Management to support more than 200,000 internal and external services on the infrastructure. The API Management tools will be used for the needs of integration and securing business systems. CA Technologies’ API management tools enable enterprises and telecom companies to bring in house application development and launch technical support applications for their customers.

December 2017, Microsoft Tackles Vehicle Fleet Management With New Bing Map APIs. Microsoft has released three new fleet management APIs for Bing Maps that developers can use to create applications for transportation companies and other vehicle fleet managers that value precise travel guidance and tracking. The APIs can be used by commercial vehicle fleet managers to avoid potentially dangerous road hazards and keep better track of their drivers.

December 2017, Cloud Elements API Hubs to Deliver 20 New API Connectors for Axway AMPLIFY™ Platform. Cloud Elements, announced a strategic partnership with Axway, to deliver 20 new connectors for the API Builder in the Axway AMPLIFY platform, enabling the delivery of immersive digital experiences. The partnership will help enterprises accelerate connectivity to applications for new ecosystem-driven business models and revenue streams.

December 2017, Google Pushes for Adoption of Newer Android Device Management APIs. Google wants enterprises to accelerate adoption of some of the company's more modern Android mobile device management technologies. Google added several new security capabilities that it has integrated into Android Oreo, the latest version of its mobile operating system.

November 2017, Aapi Debuts New Portal that Makes APIs Easy with Unified Developer API Platform. Aapi, Inc., an innovative software company that enables rapid software application development, has launched a new portal that provides a single source for developers to create API success. Aapi research shows that by providing everything needed for API integrations in a single platform that organizations can lower software development costs by a factor of 10 while providing developers a world-class user interface and workflow tools.

Segmentation

Segmentation by Component: Solution, Services (training, consulting, integration, security & maintenance).

Segmentation by deployment: Cloud based, on premise.

Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Regional Analysis

The IT industry is at a boom in North America. This region is accounted for the largest market share because of technological advancements and presence of various cloud service providers in the region. For API management, the cloud service providers turn to be a major game changer as these provide the enterprise with an ability to store, use and manage the application interfaces remotely. Additionally, due to the flexible pricing of cloud as a service, their application for API management is increased. Most of the big enterprises in this market are implementing API’s into various industrial applications such as automotive & transportation, healthcare and medical and even for smartphones. However, Asia Pacific region is expected to grow at a rate comparable with Europe during the forecast period.

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Self-Service Analytics Market Research Report- Global Forecast 2022, Global Trends, Size, Share, COVID – 19 Outbreak, Industry Segments, Regional Study, Top Key Players Profiles and Future Prospects

 The global self-service analytics software market is poised to capture an impressive CAGR of 20% over the forecast period of 2016-2022, projects Market Research Future (MRFR) in a detailed research report. Enterprises are increasingly embracing self-service analytics to bring capabilities to business users of all levels.

Market Overview

High demand for analytics in data interpretation is one of the preliminary factors driving the growth of the self-service analytics market. Business is increasingly shifting towards self- service analytics from the traditional business intelligence tools which makes them concentrate on more strategic concerns. Colossal amounts of data which are heterogeneous in nature and come from multiple sources are complex and unstructured which requires advanced analytics to gain deep business insights. The dearth of analytics experts is a significant factor driving the growth of the market. By leveraging self-service analytics, analysts can be freed from servicing basic requirements, and it also helps in reduction of high value-high cost resources. Expanding volumes of business data and the need for in-depth business insights drive the global self-service analytics market. On the downside, factors such as privacy and security concerns, the high cost of deployment, and lack of proper data are restraining the growth of the market.

Segmentation

The global self-service analytics market has been segmented based on software tool, service, company size, deployment, and industry. By software tool, the market has been segmented into Tableau, SAS, Logi Analytics, Qlik, and others. By service, the market has been segmented into Business user, Consultants, and Corporate IT Professionals. By company size, the market has been segmented into Large Business, Small and Medium Business. By deployment, the market has been segmented into on-premises and on-cloud. By industries, the market has been segmented into BFSI, healthcare and retail, IT& Telecommunication and others.

Regional Analysis

The key markets of the global self-service analytics market include North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating the global self-service analytics market. Early adoption of latest technologies, the concentration of major players in the region, and a well-developed IT sector in the region support the growth of the market. Europe is the second largest market owing to high focus on innovations obtained from R&D. Asia Pacific market for self-service analytics is expected to exhibit high growth over the forecast period due to the rapid adoption of latest technologies across various industry verticals.

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Global Platform as a Service Market Research Report- Forecast 2022, Global Trends, Size, Share, COVID – 19 Outbreak, Industry Segments, Regional Study, Top Key Players Profiles and Future Prospects

 Market Research Future (MRFR)’s latest study reveals that the global platform as a service market is projected to grow saliently at a CAGR of 26% during the forecast period 2016 to 2022. The market is expected to reach a value over USD 12 Bn by the end of the assessment period.

Market Insights

The increased penetration of software technology has accelerated revenue creation for the participants of the platform as a service market. PaaS models enable the users to create software applications easily by using tools delivered by the cloud provider. The increasing need for the integration of software applications for profit making in business is likely to propel demand in the platform as a service market.

PaaS ensures cost effectiveness by cutting down costs related to purchasing of a server, software licenses, and additional hardware for developing and managing applications. This, in turn, is projected to catapult the platform as a service market on an upward trajectory.

Other factors responsible for the growth of the market include increasing adoption of cloud-based services and IoT technology among SMEs, technological advancements, growing demand for application development, etc. However, factors such as data security, customer captivity, and limited flexibility are set to hold the market expansion across the review period.

Market Segmentation

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

By type, the global platform as a service market is segmented into application, integration, and data management.

By end-user, the platform as a service market has been segmented into banking & financial sector, government & public sector, healthcare & life sciences, education, consumer goods & retail, and, telecommunications & IT.

Regional Analysis

By region, the global platform as a service market has been segmented into North America, Europe, Asia, and Rest of the World (ROW). North America is likely to retain its dominant position over the forecast period. The key factor responsible for driving growth in the region includes the high-adoption rate of cloud-based services. The trend is likely to perpetuate across the next few years. Meanwhile, the concentration of key players such as Google, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), etc. are poised to encourage the market proliferation.

Asia Pacific is anticipated to remain a highly lucrative market throughout the review period. The growth in the region is attributable to high growth in cloud services & big data, telecom and IT sectors, etc. Europe is projected to register a healthy CAGR in the platform as a service market due to increased adoption of cloud services by many SMEs & VSMs with higher enterprise engagement at the application level.

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Global BFSI Security Market Research Report- Forecast 2022, Global Trends, Size, Share, COVID – 19 Outbreak, Industry Segments, Regional Study, Top Key Players Profiles and Future Prospects

 Banking, financial services, insurance (BFSI) Security is now a must for the growing world economy. Reports of Market Research Future (MRFR) suggests that the global market is expected to reach around USD 71 Bn during the forecasted period (2016-2022) growing at a CAGR of 14%. BFSI serves as the foundation for various financial exchanges that take place in diverse sectors and is now an integral part of national infrastructure systems. Hence, the need for the maximum security against possible online or offline theft.

Overview

Online banking platforms are an effective way to process banking transactions remotely. Web-based applications act as a medium for such transactions but also increase the risk of exposing user's data to hackers. Owing to this factor, the demand for BFSI security is expected to rise exponentially. Various banking and financial institutions are now using the cloud services, and in doing so, putting themselves at risk of being exposed. The risk of data theft has made the installation of BFSI security market imperative. Protecting information from the hackers is now the most significant concern and is the chief driving force behind implementation of BFSI security.

Growing away from the traditional system of financial transactions, BFSI has revolutionized customer experience. The rise in remote monitoring and banking solutions is further stimulating the market growth. Other factors such as analytics, biometrics, and ethical hacking have greater possibilities regarding generating revenues. Security and safety measures have given biometrics the much-needed impetus in opening up market possibilities.

Drivers and Restraints

With an increasing number of ATMs and online banking solutions, BFSI sector has become prone to cyber threats. Falling victim to such threats can hamper the credibility of institutions and create future complications. Hence, the need for specific solutions. Changing financial regulations, growth in mobile banking applications, and the rising number of bank accounts are also expected to boost the market growth.

Physical security threats in this sector have also increased. Several governments have now stepped in with various regulations and policies and insisting on the stringent implementation of adequate security protocols and compliances. These issues are driving the sector towards incorporation of a one-stop solution.

However, the initial investment required to set up the security infrastructure is one major challenge for the growth of this market.

Segmentation

The BFSI Security market has been segmented on the basis of type and vertical.

Based on type, there are two sub-categories - physical security and virtual security. Physical security includes access control, video surveillance, intrusion and fire detection, physical security information management (PSIM), system integration, and various other methods. Physical BFSI security is expected to hold the most significant share within the forecast period. Virtual security deals with encryption, firewall, IDS/IPS, web filtering, data loss protection among others.

Vertical-wise segmentation of BFSI security includes banking, insurance companies, and others. Insurance segment is expected to experience the fastest growth rate owing to tremendous transformation in deregulation, globalization and terror attacks.

Regional Analysis

Region-wise segmentation results in three prominent groups; North America, Europe, Asia Pacific, and Rest-of-the-World (RoW). North America leads the BFSI security market. The last two decades have seen North America getting riddled by various cyber-attacks and as a counter mechanism, they have launched extensive security measures. Presence of global players in the U.S. gives North America a competitive advantage. Europe holds the second position in the market closely followed by the Asia Pacific. The fast growth-rate have made countries, such as Japan, China, Singapore and the UAE easy targets for online hackers, resulting in more demand for advanced security systems and could propel revenue during the forecast period.

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Global Cloud Infrastructure Services Market Research Report- Forecast to 2022, Global Trends, Size, Share, COVID – 19 Outbreak, Industry Segments, Regional Study, Top Key Players Profiles and Future Prospects

 Market Overview

The virtualization of infrastructure on the cloud has picked up the pace, thus driving the cloud infrastructure services market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.  An exceptional CAGR is estimated to motivate the market in the forecast period.

The surge in big data is predicted to enhance the development of the cloud infrastructure services market. The accessibility to cloud services is projected to transform the market considerably in the impending period. The rise in demand from specific sectors is likely to induce innovation in applications in the cloud infrastructure services market.

Segmental Analysis

The segmental examination of the cloud infrastructure services market is carried out on the basis of design services, deployment, verticals, and region. On the basis of design services, the cloud infrastructure services market is segmented into SaaS, content delivery network/application delivery network, PaaS, managed hosting, IaaS, and colocation hosting. Based on the deployments, the cloud infrastructure services market is segmented into private, hybrid, and public. The vertical-based segmentation of the cloud infrastructure services market consists of BFSI, research and development, logistics manufacturing, retail, energy, education, healthcare, media and entertainment, and others. Based on the regions, the cloud infrastructure services market consists of Europe, Asia Pacific, North America, and the rest of the regions.

Detailed Regional Analysis 

The regional investigation of the cloud infrastructure services market encompasses regions such as Europe, Asia Pacific, North America, and the rest of the regions. The geographical analysis of the user activity monitoring market is studied for North America, Europe, Asia Pacific, and the rest of the world. Presently, the North American region is leading the cloud infrastructure services market stake due to the boost in the implementation of cloud-based IT services and substantial investments by groups in IT infrastructure in research & development of cloud infrastructure. The Asia Pacific regional cloud infrastructure services market is projected to accomplish the top growth all through the forecast period owing to an ever-increasing demand for managed cloud-based infrastructure services like cloud-based enterprise resource planning (ERP) in nations like China, India, and Japan. The redesigning of the network & deployment of cloud-based services through a variety of industries in the APAC nations is likely to create an enhanced scope for development in the cloud services market.

Competitive Analysis

The effect of unpredictable events has created substantial barriers that will have to suitably addressed and overcome to achieve normalcy in the global market. The need to invest in building a robust consumer base is estimated to rank on the top priorities of market leaders for the upcoming period. The weakening of trade channels is projected to present new challenges that have to be overcome expediently in the coming years. The regulations in various regions can be relied upon to rebuild market clout gradually in the future. The state of technological development is estimated to be staggered as the development of the global market is at a relative standstill. The establishment of a definite competitive advantage is estimated to spur market development in the forecast period. The inducements offered by the government are expected to display a positive influence on the overall market development in the impending period. The reinvention of the supply chains by integrating robust technology in them is estimated to spur the development of the market in the coming period.

The outstanding contenders in the cloud infrastructure services market are Microsoft (U.S.), AT&T Inc. (U.S.), IBM (U.S.), Google (U.S.), Salesforce (U.S.), Rackspace Inc. (U.S.), Amazon Web Service (U.S.), Citric Systems (U.S.), Equinix (U.S.), and HP (U.S.).

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Mobile Application Development Platform Market Research Report- Global Forecast 2023, Global Trends, Size, Share, COVID – 19 Outbreak, Industry Segments, Regional Study, Top Key Players Profiles and Future Prospects

 Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the global market 2020 is poised to grow exponentially, securing a substantial market valuation of 14 billion by 2023, and a healthy 22% CAGR over the review period.

Drivers and Restraints

Growing the adoption of mobile devices in the commercial sector is the main driver for mobile application development platform growth. The company uses mobile phones that enhance efficiency, health, and accessibility and help employees improve customer service, maintain good customer and supplier connections, and enable remote work. This increase in the number of mobile devices is encouraging the need to operate the company efficiently through mobile app. The growing number of mobile devices thus contributes to the growth of the market for mobile app development platforms. The increasing implementation of Bring Your Own Devices (BYOD) and Bring Your Own Access (BYOA) systems requiring workers to use all types of mobile devices like windows phones, android and iPhones that enable mobile applications to be available on all platforms. Hence, the framework for mobile application creation helps to address the mobile application problem that can only run on one type of mobile device. Nonetheless, growing costs and technological difficulties in the marketplace for the production of mobile applications are limiting market growth. Growing device adoption improves user experience and promotes customer relationship management which is one of the driving forces of the demand for mobile app development platforms. The creation of mobile apps is a dynamic process that needs a high degree of technical professional to create the application, including using the creation framework for the mobile device. Business companies' adoption of the technology is mainly due to factors such as operational performance, enhanced user interface, comfort, bidirectional communication, etc. However, the restraints to the market such as limited flexibility, security concerns, etc. will restrict market growth during the assessment period. This leads the companies to select third party developers to drive their mobile application which leads to restraining the growth of the market.

Segmental Analysis

By deployment type, the market is divided into cloud and on premise.

By organization size, the market is bifurcated into small & medium enterprise and large enterprise.

By vertical, the market is divided into Education, BFSI, Transportation & Logistics, Healthcare, and Media & Entertainment.

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

Asia-Pacific is projected to dominate the mobile app development platform market due to the high availability of low-cost tablets and smartphones contributing to the adoption by organizations in this area of the mobile application development platform. In addition, increasing use of digital technologies is responsible for the growth of the MADP market in countries like India and China. North America is expected to expand at a higher pace because of the involvement of key players providing forum for the production of mobile applications. In Europe, the main countries in the middleware software industry are the UK, Italy and Germany. Hence businesses spending high on middleware applications is driving the growth of Europe's mobile application development market. Due to the availability of insufficient resources for mobile application development start-ups and main infrastructures, the market is expected to expand slowly in Latin America and Middle East Africa regions.

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