Managed Services Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2024

 Global Managed Services Market Research Report: By Service Type (Cloud Services, Managed Data Center Services, Managed Security Services, Managed Collaboration Services, Managed Mobility Services, Network Services and Testing, Others), Organization Size Large Enterprises, SMEs), Vertical (BFSI, IT & Telecommunication, Retail & E-commerce, Healthcare, Industrial/Manufacturing, Energy & Utilities, Education & Research, Others) - Forecast till 2024

Market Snapshot

Market Research Future (MRFR), in its new report on the world managed services market 2020 states several factors that can impel the market. As per MRFR study, the managed service market is likely to rise at 16.2% CAGR across the review period. MRFR findings also shows that the managed service global market can value at USD 417.1 Bn by 2024. The growing utility of managed services across business enterprises to support offload IT operations and allow third-party service are creating high need for managed service providers (MSPs).

Enterprises are highly focused on core business activities and in the development of different strategies. The availability of different managed services that offer remediation services, support and maintenance services, network management, database management, monitoring services, security services, managed contact center services, managed storage, server management, disaster recovery, enterprise mobility management, web hosting, and application hosting among others.

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Market Segment

The segment study of managed services market is based on service type, vertical, and organization size.

The service type based, managed services market segments are managed data center services, managed security services, managed collaboration services, cloud services, network services and testing, and managed mobility services among others. The cloud services segments are cloud brokerage services, cloud service orchestration, and cloud migration service among others. Managed data center services segments are change management services, and monitoring services among others.

Managed security services segments are threat detection monitoring services, identity and access management, incident response services, and vulnerability services among others. Managed collaboration services are unified communications and unified contact center among others. Managed mobility services segments are application lifecycle management, expense management, and mobile device management.

The network services and testing segments are operation services, design services, and implementation services among others. Data and Information management and BSS/OSS managed service are other segments. The organization size based, managed services market are large enterprises and SMEs. The vertical based, the managed services market segments are education & research, retail & e-commerce, BFSI, IT & telecommunication, energy & utilities, healthcare, industrial/manufacturing, and others.

Regional Analysis

North America managed services market is expected to rise exponentially shows MRFR analysis. The world managed services market highest share is likely to be backed by North America due to the ease of availability of technical expertise and expansion of the IT sector. The market size in North America across the review period is expected to increase as key developers of managed services are present in high number and they are investing heavily in research and development undertakings to introduce innovations with better performance and high reliability. These factors are expected to prompt the managed service market in the US. The presence of Cisco Systems, Inc., DXC Technologies, and IBM Corporation can aid in the expansion of the market. In Europe, the managed service market can owing to the high rate of adoption of IoT technology and cloud platform solutions. The rising in managed service requirement across the UK and the rest of the EU can contribute largely to expansion of Europe managed services market.

Companies Covered

MRFR sorted some notable managed services market players based origin, product line, and financial aspects. Regional branches and key developments were other filters used by MRFR to enlist key players of the managed services market. They are; Cisco Systems, Inc (US), Amdocs Limited (US), Unisys Corporation (US), Accenture (US), Telefonaktiebolaget LM Ericsson (Sweden), Atos SE (France), NTT Data Corporation (Japan), Huawei IBM Corporation (US), DXC Technology Company (US), Technologies Co. Ltd (China), and Fujitsu (Japan) among others.

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Software Defined Everything Market Business Overview, Challenges, Opportunities, Trends and Market Analysis By 2024

 Global Software Defined Everything Market: By Technology (Software Defined Networking (SDN), Software Defined Storage (SDS) and the Software-Defined Data Center (SDDC)), By Services (Integration and Deployment Services, Managed Services and Consulting Services), By Deployment (On-Premise and Cloud), By Vertical (BFSI, Healthcare, Manufacturing, IT & Telecommunication, Retail and Others) - Forecast till 2024

Market Synopsis

As per the research by Market Research Future Reports (MRFR), the global market for software-defined everything market is likely to value USD 253.60 Billion, thriving at a CAGR of 31.62% during the review period from 2018 to 2024. The cost-effectiveness in managing hardware is one of the most important factors driving the global market for software-defined everything market 2020.  Software-defined everything is likely to experience a robust expansion in the forthcoming period due to the sudden surge in the number of industry verticals such as IT and telecommunication, BFSI, retail, healthcare, manufacturing, and others. Besides, the low-cost maintenance, increasing cloud computing, and the IoT market has additionally propelled the market. SDN offers flexibility and control over the programs. However, lack of technical expertise, security threats can impede the market growth. SDN is a completely technology-driven procedure that demands high IT skills professionals. The lack of expertise can drastically affect the market. Besides, the shortage of enhanced cooling and power infrastructure demanded to support the equipment is a hurdle for the market during the forecast period. Moreover, the outbreak of COVID-19, the market has been analyzed again with new establishments. We will provide COVID-19 impact analysis with the report.

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Market Segmentation

The worldwide market for Software-defined everything market can be classified on the basis of service, deployment, technology, vertical, and region.

On the basis of service, the global market for Software-defined everything market can be classified into managed services, integration and deployment services, and consulting services.

On the basis of deployment, the global market for Software-defined everything market can be classified into cloud and on-premise.

On the basis of technology, the global market for Software-defined everything market can be classified into

software-defined storage (SDS), Software-defined networking (SDN) and Software-defined data center (SDDC).

On the basis of vertical, the global market for Software-defined everything market can be classified into BFSI, IT and telecommunication, retail, manufacturing, healthcare, and others

On the basis of region, the global market for Software-defined everything market can be classified into North America, Asia-Pacific, Europe, and Middle East & Africa and South America.

Regional Analysis

The geographical analysis of North America, Asia-Pacific, Europe, and the Middle East & Africa has been conducted. As per the analysis by Market Research Future Reports (MRFR), North America is estimated to acquire the largest market share during the forecast period. The US and Canada play a significant role in market expansion. Among all countries, the US plays the most significant role in regional market expansion. As per the analysis, the second position is attained by Europe. Europe acquired the second largest market share. Among all nations, the UK, Germany, Italy are the most significant participants in the market. The third position is attained by the Asia-pacific region; the region is experiencing a surge in the telecommunication sector, which augments the demand for Software-defined everything. Among all nations, China and India play a major role in expanding the regional market. On the other hand, the Middle East & Africa region is estimated to obtain substantial market growth during the forecast period.

The market statistics have changed due to the outbreak of COVID-19.

Key Players

The forefront players of the worldwide market for Software Defined everything market are Hewlett Packard Enterprise Co, Dell Technologies,  VMware Inc., Nexenta Systems Inc., Extreme Network Riverbed Technology Inc., Metaswitch Networks Ltd, Silver Peak, Pivot3, Cisco Systems, Inc., Infoblox Inc., IBM Corporation, Western Digital Corp, Citrix Systems, Inc., Fujitsu Ltd, NEC Corporation, and few others.

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Mobile BI Market Outlook and Future Scope Analysis and Forecast Till 2022

 Global Mobile BI Market, By Service (Managed Services, Professional Services), By Business Function (IT, Finance, Sales, Marketing, Operations, HR), By End-users (BFSI, Healthcare, Retail and E-Commerce, IT & Telecommunication, Manufacturing, Government), By Organization Size (SME, Large) - Forecast 2022

Market Insights

Mobile Business Intelligence of mobile BI is a rapidly growing market which has been observed to be growing at a CAGR of 23.29% during the forecast period of 2016 to 2022 according to Market Research Future's latest report on the subject. Defined as a system which has technical and organizational components, mobile BI, as the name suggests present historical or real time data on mobile devices. The growth of the market is expected to lead to a market value estimate of USD 12.44 Bn by the end of 2022.

Changing consumer’s patterns, and the rapid change of the technological environment has resulted in the demand for efficient data reporting and speedy analytics for real time decision making capabilities. Mobile BI is applicable across a variety of industries and is highly useful, its features and abilities acting as drivers for the swift adoption of the product. For instance, in the manufacturing sector, real time data analytics allows higher efficiency. Mobile BI allows for easy access to data in real time at any given point in the day to allow for real-time adjustments for maximizing efficiency of goals. Moreover, this has been found to be cost effective and monitor a host of BI options on personal devices. For instance, google analytics has a mobile BI interface through which executives can instantly tap in through smartphones or tablets among other personal devices for access to real-time data. Increasing organization sizes across the globe, high adoption of analytical technology and mobile BIs ability to increase time and cost efficiency are expected to drive the market during the forecast period.

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Market Segmentation

The global mobile BI market is segmented on the basis of services, business function, end-users, and region. By services, the global mobile BI market is divided between managed services, and professional services.

By business function, the market is categorized into sales, marketing, finance, IT, operations, HR and others. By end-users, the market is segmented to include manufacturing, government, IT & telecommunication, retail & e-commerce, BFSI and healthcare.

The global mobile BI market is also divided by region into North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis

North America with its high concentration of market players and inclusion of developed economies such as U.S and Canada has captured the largest share of the global market and is expected to witness considerable growth during the forecast period. The region, with a focus on the developed economies have a high affinity for the adoption of modern technological advancements and there is a trend of owning more than one personal device. Mobile BI has been adopted in the region early, thus cementing its position at the leading regional market in the global mobile BI market.

Key Players

Micro Strategy, Tableau Software, SAP SE, Qlik, SAS Institute, Information Builders, Yellowfin International Pty Ltd., TIBCO Software, Oracle Corporation, IBM Corporation, Microsoft Corporation and others are among the prominent players that have been identified in MRFR’s report. Extensive profiling and examination of their preferred market strategies for the advancement of the market as well as for the securing of important market positions have been included in the report. 

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Mobile Value-added Services Market Research Report|COVID-19 Impact, Worldwide Analysis, Competitive Landscape, Future Trends, Opportunities, Sales, Revenue and Regional Forecast till 2023

 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%.

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 a 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.

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Global Body Worn Camera Market Research Report|COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast till 2023

 Global Body-Worn Camera Market is expected to reach a value of USD 1506.9 Million by 2025 at a CAGR of 19.9% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years.

Overview

Body-worn cameras can be used to capture audio data as well as video data digitally and comprise of a camera, microphone, battery, and data storage unit. These devices are clipped onto the uniforms of police and special law-enforcement personnel. These cameras have the ability to record video and play it later or perform live streaming, depending on the system being used.

Competitive Analysis

The key players of the Global Body-Worn Camera Market are Axon Enterprises, Inc. (US), Panasonic Corporation (Japan), Motorola Solutions (US), GoPro, Inc. (US), Transcend Information, Inc. (Taiwan), WatchGuard Technologies, Inc. (US), Reveal Media Limited (US), Digital Ally, Inc. (US), Coban Technologies, Inc. (US), and Pinnacle Response Ltd. (Ireland).

Segmental Analysis

Global Body-Worn Camera Market has been segmented based on the mode of Operation, Resolution, End User, and Region.

Based on the mode of operation, the market has been classified into recording type, recording and live streaming type. The recording type segment accounted for the largest market share in 2018, with a market value of USD 281.1 million during the forecast period. The live streaming and recording segment was valued at USD 162 million. The recording type camera is used to record incidents that can be used in the future as evidence. The recording and live streaming type have an ability to record and live stream video (events/incidents) on social media or central law enforcement servers.

Based on the resolution, the market has been classified into 4K, full HD, HD, and others. The full HD segment recorded the largest market share of 35.4% in 2018, with a market value of USD 157.2 million; it is expected to register a CAGR of 20.6% during the forecast period while the HD segment was the second-largest market in 2018, valued at USD 135.2 million. The 4K segment was mainly used for various outdoor and underwater activities such as skiing/snowboarding, diving, snorkelling, and mountain biking. The full HD segment is high-definition and features a wide-angle lens that enables a highly dynamic and large viewing angle. HD cameras provide superior audio and video quality, smooth motion, and vibrant colours. These factors have resulted in the growth of the HD cameras segment in the global body-worn camera market. The others segment has a minimum number of image cells which provides a 640x480 pixel resolution.

Based on the end user, the market has been classified into law enforcement, military, transportation, sports & leisure, and others. The law enforcement segment recorded the largest market share of 35.3% in 2018, it is expected to register a CAGR of 17.4% during the forecast period while the military segment was the second-largest market in 2018, valued at USD 107.6 million. The law enforcement, body-worn cameras are clipped onto police uniforms to record incidents that can be used as evidence. Due to the increasing risks on borders, these cameras are used in military applications for recording evidence for investigations. In transportation applications, these cameras are used for reducing the risk of unlawful activities. In sports activities for recording as well as live streaming the event and also to record unlawful incidents.

The global body-worn camera market, by region, has been segmented into North America, Europe, Asia-Pacific, and the rest of the World. North America accounted for the largest market value of USD 169.0 million in 2018; the market is expected to register a CAGR of 18.3% during the forecast period. Europe was the second-largest market in 2018, valued at USD 145.2 million.

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Smart Highways Market Research Report |COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2023

 According to a recent study report published by Market Research Future, The global market of smart highways is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).

Overview

The global smart highways market is showing immense growth; mainly due to the growing need for congestion free, reliable and improved travel experience among the end users. Smart highways basically refer to incorporation of different technologies into the roads for generating solar energy, for improving the operation of autonomous cars or for lighting and monitoring the condition of the roads. Increasing need for better and sustainable roads and highways is one major factor responsible for driving the growth of smart highways market.

Smart highways are gaining popularity with growing need for reliable, safe and congestion free is driving the growth of smart highways market. Technological advancements and economic growth is influencing the industry dynamics. Also, increasing demand for smart highways from medium and small enterprises is one major factor driving the market growth. Increasing adoption of intelligent transport system (ITS) and developing infrastructure are major factors expected to boost the growth of smart highways market.

On the other hand, lack of accurate driver information and inappropriate traffic flow due to poor highway communication infrastructure are major factors hindering the growth of smart highways market. Moreover, lack of technical knowledge among drivers and lack of training about the smart highway rules, regulations and technologies are other factors which may hamper the market growth.

Key Players:

Alcatel-Lucent (U.S.), Indra Sistemas, S.A. (Spain), Siemens AG (Germany), Kapsch AG (Germany), LG CSN (South Korea), CISCO Systems, Inc. (U.S.), Schneider Electric (France), International Business Machine (IBM) (U.S.), Xerox Corporation (U.S.), Huawei Technologies Co., Ltd. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Highways Market.

Industry News

December 2017 – LG has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market. The company wants to enable vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I) and vehicle-to-person (V2P) communications at high speeds using long-term evolution (LTE) networks.

December 2017 – Siemens has unveiled a new range of passively safe traffic signal poles which they say, offers customers longer life passively safe poles in a wide variety of forms, finish and lengths from 2m to 6m. The new poles are CE marked with a unique specification label confirming key features as required by BS EN 12899 including construction material, corrosion resistance and strength characteristics.

December 2017 – Siemens has been awarded new ITS contract in Northern Ireland. A new long-term contract to maintain traffic management equipment throughout Northern Ireland for a minimum of four years has been awarded to Siemens by the Department for Infrastructure (DfI), NI. The principal objectives of the contract are to maintain a high level of equipment availability and to respond and rectify any faults which may arise on the equipment. Siemens will also carry out routine maintenance inspections and lamp changes at the appropriate intervals to check they adhere to current standards.

Competitive Analysis

The market of smart highways appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Segmentation

The smart highways market can be classified into 5 key segments for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises of intelligent transportation management system, intelligent traffic management system, communication system and monitoring system.

Segmentation by Display: Comprises of variable message signs, digital signage and others

Segmentation by Deployment: Comprises of cloud and on premise

Segmentation by Service: Comprises of managed service, maintenance and operation service and consultancy service

Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the smart highways market in North America owing to the presence of a large number of established key players such as Alcatel-Lucent, CISCO Systems, Inc., International Business Machine (IBM) and Xerox Corporation among others. Also, due to the growing demand for improved travel experience in the region, the market is likely to show immense growth in the coming future. Smart highways market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in IT technology and increasing adoption of upcoming technologies in the transportation industry in the region. Whereas, the Europe market for smart highways is expected to grow at a considerable CAGR (2017-2023).

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Entertainment Robots Market Research Report-|COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2023

 The 21st century will witness how Entertainment Robots are becoming of an integral part of human life. The days are gone when robots were just concepts or imaginations. Today's there is an android, automated know by many names. The Entertainment Robots technology is trending and innovative that has made some phenomenal development business sectors now the humans.

Market Overview

Entertainment Robots are specially designed for amusement for people in distinctive ways in different places so that people can have happy times. The main purpose of these robots is to entertain people from any age group. Robots are designed in such a way that microphones are available to listen and interact with people and cameras to adapt the people's actions and habits carried out in the day to day life.

The Entertainment Robots technology has great scope ahead, and the industry is upgrading itself with the change of time. They make use of artificial intelligence (AI) advance's techniques and methods.

The changing lifestyle and working culture around people be a major concern in recent times. The human-looking out for more entertainment and fun in their life. The Entertainment Robots Market plays a major role here they are a new source of relaxation or stress-free time for people. The new partner for a human.

The discovery of these robots is not only provided relaxation to humans but also a medium of entertainment. Robot toys can imitate depression, laughter, and other emotional simulations. These robots can be found in any amusement park and crowd location nowadays they are also found in the healthcare industry. Humanoid Robotics are toys that are usually made of two legs, robotic dog toys that contain robot toys create a large part of all entertainment robots.

The major drivers for the Entertainment Robots market are as follows, the technology is working as a companion for the humans which can be in the form of Robot Toys, Educational Robots, and Robotic Companion Pets. The educational sector is taking proper advantage of this technology they use this entertainment robot for education purpose in most of the school and college where children can learn the basic thing in a different format.

Educational robots have pre-programming responses to many questions and commands, but they can also program programs for students doing specific things that they can dance to and can sync music with them in time. The Healthcare industry also utilizing this technique.

The hotels and restaurants where customers waiting in queue for their food, this robot acts as an entertainment factor. The Healthcare industry also utilizing this technique. The hotels and restaurants where customers waiting in queue for their food, this robot acts as an entertainment factor.

Competitive analysis 

The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition, and expansion. The Entertainment Robots market is generally known because innovative products and solutions are present due to the presence of major players. The players are delivering the updated technology tool and services and solutions, product portfolio and prices to gain a competitive advantage in the Entertainment Robots market.

Segments

The Entertainment Robots market can be segmented by product and region dynamics for the convenience of the report and enhanced understanding;

Segmentation By Type: Robotics toy, Educational Robots, Robotic Companion Pets 

Segmentation By Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Regional Analysis

The regional analysis of the entertainment robot market is being studied for regions such as the Asia Pacific, Americas, Europe and the Rest of the World. North America's is dominating the market in this sector reason for this is rise in adoption of robots in school and colleges. The North America region is the leader in the entertainment robots market because of the advancement in technology and the implementation of artificial intelligence in developing robots.

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