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Thursday, March 4, 2021

Construction Software Market Research Report Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2023

Global Construction Software Market Research Report: By Product (Cloud, On-Premise and Web-Based), Application (General Contractors, Building Owners, Independent Construction Managers and Sub-Contractors) - Forecast till 2023

Market Synopsis

As per the analysis by the Market Research Future Reports (MRFR), the worldwide construction software market is estimated to value USD 2715.6 Million by 2023, with a CAGR of 8.8% during the forecast period. The better efficiency and high productivity with refined quality and integration are the major factors driving the global construction software market 2020. Besides, construction software minimizes the cost related to management, takes lesser time, and helps to regulate the waste. Furthermore, the construction software enhances the understanding of a client by providing visuals to the clients. Hence, the demand for construction software is likely to increase in the forthcoming period.

Moreover, the fast technological development has also resulted in the quick adoption of the software. There has been a sudden rise in the usage of cloud in different industrial sectors. It can run heavy applications without the requirement of a supercomputer or a data centre. Various enterprises have adopted cloud-based devices for their benefit.

Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.

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Market Segmentation

The global construction software market can be classified on the basis of product, application, and region.

On the basis of the product, the global construction software market can be classified into web-based and on premise. Cloud applications are estimated to expand considerably during the forecast period.

On the basis of application, the global construction software market can be segmented into sub-contractors, building owners, general contractors, and independent construction managers. Among all, the independent construction managers are estimated to record the highest CAGR during the forecast period.

On the basis of geography, the global construction software market can be classified into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis

The geographical analysis of North America, Europe, Asia-Pacific, and the rest of the world has been conducted. As per the analysis by MRFR, the North American region acquired the largest market share in 2018. The market is estimated to register a CAGR of 10% during the review period. North America is estimated to lead the global construction software company in terms of market share during the review period. The region has gained immense traction due to the growing popularity of cloud-based construction management software. Among all the countries present in the North American region, the US acquires the most significant market sharing due to the increasing investments in the construction industry. The second and third position is attained by Canada and Mexico, respectively. The second place is attained by the European region. The market is anticipated to record a CAGR of 7.5% during the review period. On the other hand, the Asia-Pacific region is estimated to record the maximum CAGR of 11.2% during the forecast period.

However, the outbreak of COVID-19 has brought significant changes in market dynamics. Several regions have been affected by the unforeseen pandemic.

Key Players

The significant players of the global construction software market are Turtle Creek Software Oracle Corporation, Sage Group PLC, Trimble Inc, Comprotex Software Inc., Constellation Software Inc., BuilderTREND, iSqFt (ConstructConnect), BuilderMT, and Procore Technologies Inc.

Industry News

May 2020

A cloud-based software, Esticom has announced its partnership with foundation Software to assist the construction company management by streamlining the exchange of job costing data between accounting and project management, estimating. Foundation Software’s features to assist manage construction projects will be integrated with Esticom’s cloud-based digitization.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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https://www.techsite.io/p/1999089

https://www.articletrunk.com/mixed-reality-market-research-reportcovid-19-impact-business-revenue-future-scope-market-trends-key-players-and-forecast-till-2023-2/

A2P Messaging Market Research Report Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2026

Global A2P Messaging Market Research Report: Information By Service Type, One Time Password (OTP) Interactive Services, and Two Factor Authentication (2FA), Promotional Services (Promotional Campaign Services, Pushed Content Services, and Inquiry and Search Services), and Interactive Services), Vertical, Region (Europe, North America, Asia-Pacific, the Middle East & Africa, and South America) - Forecast Till 2026

Market Overview

Global A2P Messaging Market is projected to register a CAGR of 4.2 % during the forecast period, 2020–2026. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.

Global A2P messaging market is expected to witness favourable growth during the forecast period. Factors such as the increase in the mobile subscriber base and rising demand for A2P messaging platform in the enterprise sector is expected to drive the market during the forecast period. The implementation of A2P messaging in business strategies is also expected to boost the growth of the market. However, a lack of infrastructure is likely to restrain the growth of the global market

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Segmental Analysis

Global A2P Messaging Market has been segmented based on Service Type, Vertical, and Region.

Based on service type, the A2P messaging market has been segmented into transactional services, promotional services, and interactive services. These types of A2P messaging services are used for effectively making people aware of various products and services offered by the company. The promotional service segment accounted for the largest market value in 2019, with a market value of USD 23,231.9 million; it is expected to register a CAGR of 3.6% during the forecast period. The transactional service segment was the second-largest market in 2019, valued at USD 12,795.3 million; it is projected to register the highest CAGR of 5.2%. Transactional messaging refers to messaging related to transactions such as OTP, bank, or any other non-promotional information sent to the registered users. The transactional messaging segment is further divided into unstructured supplementary service data (USSD), one time password (OTP) interactive services, and two factor authentication (2FA). Unstructured supplementary service data (USSD) allows users (end customers) without smartphones or data/internet connections to use various services. A messaging OTP is a secure authorization method where a numeric or alphanumeric code is sent to a mobile number. Two-factor authentication with OTPs delivered via messaging makes user authentication secure and simplifies number verification. Promotional messaging segment refers to messaging, which is sent to promote or advertise the company’s brand to customers that might or might not be registered in the company’s database. The promotional messaging segment is divided into promotional campaign services, pushed content services, and inquiry and search services. A promotional campaign is a series of advertisements developed by organizations to deliver a certain message and therefore promote a business, product, or event. Pushed content services related to education, creating social awareness, and taxation, among others. Inquiry and Search Services is used by almost all organizations working across various industry verticals. Interactive services include rich communication services. Rich communication services (RCS) are a GSMA standard messaging protocol that provides a deeper level of engagement compared to messaging

By vertical, the global A2P messaging market is segmented into BFSI, media & entertainment, healthcare, education & research, retail & e-commerce, government, utilities & logistics, IT & telecommunications, and others. The BFSI segment held the largest market share in 2019, with a market value of USD 10,329.0 million; it is expected to register a CAGR of 4.1% during the forecast period. The retail & e-commerce segment was the second-largest market in 2019, valued at USD 9,337.0 million; it is projected to register a 3.4% CAGR. However, the government segment is expected to register the highest CAGR of 5.8%. The BFSI sector uses A2P messaging services to provide continuous banking services to its customer base. BFSI has emerged as one of the most promising revenue opportunities for the A2P messaging service providers. Media & entertainment include various publishing houses, channels, production companies that use various A2P messaging services, including transactional, interactive, and promotional. The healthcare segment includes hospitals, pharmaceutical companies, nursing homes, and clinics, among others. A2P messaging provides patients with a reminder service when their prescription is ready to be collected. Education & research include schools, universities, research institutes, and colleges. These institutions use A2P messaging services to recruit students, send status updates to applicants, and admission confirmations to students. Retail and e-commerce include online and brick and mortar large grocery stores, apparel stores, electronic stores, and cosmetic stores. Retail chains and e-commerce firms use A2P messaging to promote their seasonal offers on products, communicate about the availability of new stocks in the stores, alerts about new services, and discount offers, among others. Governments use A2P messaging services to create awareness about various programs. A2P messaging services are used by enterprises operating in the utility & logistics sector to send alerts to their clients regarding the status of services and promote various new services. IT & telecommunication companies have been strategically using A2P messaging services to promote their schemes and services to grow their customer base. The others application segment includes manufacturing, chemicals, agriculture, construction, and real estate, among other applications

Competitive Analysis

The key players of the global A2P messaging market include Bharti Airtel Limited (India), China Unicom (Hong Kong) Limited, Tata Communications Limited (India), Sap Se (Germany), Orange Business Services (France), Vodafone Group Plc. (UK), Monty Mobile (UK), ARPUPLUS (Giza), Clickatell(US), Giga Waves (UAE), SMSGLOBAL (Australia), Zen Interactive Technologies (UAE), Global Message Services (Switzerland), Infobip Ltd.(UK), and MGAGE (US).

Regional Analysis

The A2P messaging market, in terms of region, is dominated by Asia-Pacific. The number of digital payment transactions is growing exponentially in the country and, hence, the use of OTP, 2FA, and single-factor authentication messages is very high in the country. Thus, China currently has the largest market share in the Asia-Pacific A2P messaging market and is expected to dominate the region throughout the study period

The North American A2P messaging market is divided into the US, Canada, and Mexico. A2P messaging has helped brands in the region digitally improve their brand image by sending notifications, alerts, advertisements, and other promotional activities to customers. The North American A2P messaging market is expected to be valued at USD 9,138.7 million by 2026

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https://www.techsite.io/p/1999150

https://www.articletrunk.com/software-defined-networking-sdn-market-key-drivers-size-share-trends-growth-future-scope-analysis-and-forecast-to-2023-2/

Augmented Reality and Virtual Reality (ARVR) Market Research Report - Global Forecast till 2025

Overview

The augmented reality and virtual reality market is catching the trends by surprise all around which ensures a giant leap in terms of valuation in the forthcoming years. Its percolation into industries such as healthcare & life sciences, education, and gaming is based on the demand for experiential enhancement. Many market giants are taking advantage of it to promote their products by installing augmented reality and virtual reality modes in their system. This pervasiveness of the augmented reality and virtual reality market projects a feasible market valuation of USD 767.67 billion by 2025. The report published on the same market by Market Research Future (MRFR) predicts a 73.3% CAGR for the market during the forecast period (2018-2025).

The augmented reality and virtual reality market report further encompasses factors such as probable integration of 5G technology which can surely boost the market, widespread use of head-mounted displays, intrigued marketing strategists, and interested e-commerce companies & retailers. Head-mounted sets are gaining much prominence in the gaming sector that spans from arcade to smartphones. Marketing strategists now find this technology very alluring due to its ability to merge reality with virtual space. This can impact the consumer behavior which is a boon for the market giants. E-companies such as Amazon, eBay, and others are using this technology to reach a wider audience and increase their market base. With the latest 360° VR video technology in the pipeline, sectors such as pilot & driver training, space study, underwater exploration, and surgery are going to be revolutionized.

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Segmentation

The global augmented reality and virtual reality market can be segmented by product type and application.

By product type, the augmented reality and virtual reality market can be segmented into non-immersive systems, semi-immersive projection system, and fully-immersive head mounted systems. Among these, non-immersive systems segment is spearheading the market with a market valuation of USD 3.41 billion in 2018 which can rise with the highest CAGR of 82.4% during the forecast period and reach USD 228.42 billion valuation mark.

Based on application, the augmented reality and virtual reality market comprises education & training, video games, media, tourism, and social media. Video games segment is at present in the charge, and it is going to retain its position with around USD 217.26 billion market worth by 2025. However, it is the education and training sector that is touted to rise by 76.4% CAGR during the forecast period.

Regional Analysis

Geographic consideration of the augmented reality and virtual reality market includes the U.S., Europe, China, Japan, South East Asia, and Central & South America.

The U.S. is the current frontrunner, and its projected market valuation can reach up to USD 307.91 billion by 2025 with the fastest CAGR of 78.3% during the forecast period. The region has several market titans who compete well to stay ahead and, in the process, ensures market growth. Furthermore, regional supremacy in terms of technology and its proliferation in connected sectors have allowed the market to expand more than the rest.

China assumes the second spot at present. However, it can lose its ground to Europe by 2025 by reaching a valuation of USD 168.58 billion compared to USD 170.04 billion valuation of Europe. China is benefitting from the infrastructure and developing industrial sector. It can expect to rise by 65% CAGR during the forecast period. Europe is fast catching up with the trend and can surpass China’s market valuation with 77.6% CAGR during the forecast period.

Competitive Insights

Prominent players making a mark in the augmented reality and virtual reality market are Sony Corporation (Japan), Microsoft Corporation (U.S.), Zapper Limited (U.S.), awe.org Pty Ltd. (Australia), Wikitude GmbH (Austria), Virtalis Limited (U.K.), Blippar.com (U.K.), EON Reality Inc. (U.S.), DAQRI LLC (U.S.), Facebook Inc. (U.S.), Google LLC (U.S.), HTC Corporation (Taiwan), Augmented Pixels Inc. (U.S.), Terminal Eleven (SkyView), Samsung Group (South Korea), and HP Inc. (U.S.). Strategies employed often involve mergers, acquisitions, product launches, and other methods. These tactical moves ensure individual company’s growth and market’s expansion.

In November 2018, Google’s acquisition of Workbench, a company with expertise in the online library of lessons and projects, marks Google’s expansion plans in the education and training sector.

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https://www.techsite.io/p/1999154

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Industrial Design Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2025

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 2025

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 2018-2025 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 2025.

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.

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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 2025.

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 2025, 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.

Competitive Analysis:

Leading players profiled in the report include R&D Design (U.S.), Ammunition Group (U.S.), PDD Group Ltd. (U.K.), IDEO LLC (U.S.), Designworks (BMW AG), BlueFocus Intelligent Communications Group Co. Ltd. (China), RKS Design (U.S.), Ziba Design (U.S.), Busse Design (U.S.), ARTOP Group (China), Altran Technologies SA (France), GK Design Group (U.S.), Accenture PLC (Ireland), and LUNAR Design (U.S.).

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https://www.techsite.io/p/1999166

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Entertainment & Media Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 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 Overview

Global Entertainment and Media Market generated a revenue of USD 2,133.4 Billion in 2019 and is expected to reach a market value of USD 5,099.2 Billion by 2030, growing at an 8.6% CAGR.

The increasing popularity of video games and e-sports and the increasing penetration of smartphones are major factors driving the market growth of media and entertainment. However, piracy is the major restraining factor for the market. On the other hand, the development of 5G technology is expected to create a lucrative growth opportunity for the players operating in the global market.

Segmental Analysis

Global Entertainment and Media Market has been segmented based on Type, Application, and Region.

By type, the global entertainment and media market has been segmented into books & magazines, films & theatrical, social media, music, animation, video games, outdoor advertising, radio & broadcasting, amusement park/facilities, sports, toys, and arts. In 2019, the radio and broadcasting segment accounted for the largest market share; it is expected to register a 10.1% CAGR during the forecast period.

Based on type, the global entertainment and media market is segmented into wired and wireless. In 2019, the wired segment accounted for the larger market share; it is expected to register a 5.4% CAGR during the forecast period.

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Competitive Analysis

The key players operating in the global entertainment and media market are News Corporation (US), Advance (US), iHeartMedia Inc. (US), Discovery Inc. (US), Warner Media LLC (US), Verizon (US), Alphabet (US), Disney (US), Baidu Inc. (China), Grupo Globo (Brazil), Comcast Corporation (US), Factbook Inc. (US), Bertelsmann SE & Co. KGaA (Germany), Viacom (US), Hasbro (US), and Mattel (US).

Regional Analysis

The geographic analysis of the Entertainment and Media Market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America is the major region in terms of market share in the entertainment and media market. The media and entertainment market also generates revenue from strong news broadcasting services offered by various enterprises in the US, Canada, and Mexico. Consumers are widely adopting smartphones, smart devices such as digital assistants, smart speakers, and the Internet for entertainment purposes. North America is expected to witness higher demand for video games, online video streaming services, and books and magazines in the coming years. The future of the media and entertainment market in North America is expected to be driven by the rising adoption of high-speed Internet, cloud storage, digital technologies, social media platforms, and strong distribution of multi-lingual content across the region. Among the countries, the US accounts for the largest market share, followed by Canada and Mexico.

For analysis, Europe has been segmented into the UK, Germany, France, and the rest of Europe. The rising penetration of the Internet across European nations is one of the major factors contributing to the growth of the regional market. Western Europe, which includes countries such as the UK, Germany, Spain, France, and others, is a strong market for radio broadcasters. By delivering a range of quality content to consumers, the media sector contributes heavily towards the European economy and holds immense potential for growth in the coming years. Growing access to the Internet in countries such as Russia, Denmark, Italy, and Sweden drive the video and entertainment industry across this region

For analysis, Asia-Pacific has been divided into China, Japan, South Korea, Australia, India, and Indonesia. China is expected to be the highest revenue-generating country due to heavy investments by the government of the country. The key factor driving the growth of the entertainment and media market in this region is the presence of major media providers and the large population in the countries such as India and China demanding high-quality media content.

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https://www.techsite.io/p/1999177

https://www.articletrunk.com/facial-recognition-market-report-global-forecast-2022-2/

Antivirus Software Market Business Overview, Challenges, Opportunities, Trends and Market Analysis and Forecast To 2026

Global Antivirus Software Market Research Report: Information By Type (PC and Phones/Pad), By Application (Enterprises, Individual and Government) - Forecast till 2026

Market Overview

Global Antivirus Software Market is projected to grow at a CAGR of 10.8% % during the forecast period (2020-2026).

Market growth is fuelled by the rising adoption of smartphones and the growing use of paid antivirus software. However, individuals and micro & small enterprises use free tools and services, which acts as a major hindrance to market growth.

Regional Analysis

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

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

The US is the market leader in North America, accounting for a significant market share. The antivirus market in the US is expected to grow significantly owing to the presence of key players in the US, including NortonLifeLock Inc., Malwarebytes, and Webroot. Market growth in the US can be attributed to the increasing urbanization, advances in digital technology, and higher disposable incomes. The ever-increasing number of BYOD users, the adoption of cloud technology, and the need to protect devices from cybercrimes are some of the major factors driving the adoption of antivirus software. Various mergers, partnerships, and collaborations take place in the US market, making it significantly dynamic.

Europe is expected to hold the second position (in terms of market share) in the overall market during the forecast period. A large amount of digitalization and the growing instances of cybercrimes have led to an increase in the demand for antivirus software. The individual, as well as commercial use of antivirus software, is growing in the region. Additionally, government organizations are also making use of antivirus software on a large scale to protect confidential data from thefts, phishing, malware, and piracy.

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The market in the Asia-Pacific region is expected to register the highest CAGR during the forecast period. The increasing number of enterprises adopting BYOD and advancements in digital technology are the main factors driving the growth of this market; the increasing purchasing power of the middle-class population is also projected to be vital in driving the market growth. Moreover, the major antivirus software companies based in the US and the UK are expanding their business in Asia-Pacific. The adoption of cloud technology is high in APAC, and thus the demand for cloud-based antivirus software is expected to be high in this region.

The Middle East & Africa market is expected to display stagnant growth during the forecast period due to limited investments in such solutions. The Middle East & Africa market includes countries such as Saudi Arabia, South Africa, the UAE, and Qatar.

The South American antivirus software market is expected to grow at a considerably higher CAGR than the Middle East & Africa. Countries that are part of South America include Brazil, Venezuela, Chile, Argentina, and Colombia.

Competitive Analysis

The Key Players of the Global Antivirus Software Market include Symantec Corporation (Broadcom Inc.) (US), Mcafee, LLC (US), ESET, SPOL. S R.O.(Slovakia), Bitdefender (Romania), Kaspersky Lab (Russia), Trend Micro Incorporated (Japan), Avast Software S.R.O. (Czech Republic), Fortinet, Inc. (US), F-Secure (Finland), Data Cyberdefense AG (Nordrhein-Westfalen), Avira Operations GMBH & CO. KG. (Germany), BEIJING QIHU KEJI CO. LTD (China), Tencent (China), Quick Heal Technologies Limited (India), Comodo Security Solutions, Inc. (US), Microsoft Corporation (US), AHNLAB, INC. (South Korea), Beijing Rising Information Technology CO., LTD.(China), and Cheetah Mobile, Inc.(China)

Segmental Analysis

Global Antivirus Software Market has been segmented based on Component, End User, and Region.

Based on Type, the antivirus software market has been segmented into PC and Phone/Pad. The PC segment accounted for the larger market share in 2019, with a larger market value

Based on Application, the global antivirus software market is categorized into individual users, enterprise users, and government users. The enterprise user segment accounted for the largest market share in 2019

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Mobile Virtual Network Operator (MVNO) Market 2020 – 2023: Global Segments, COVID – 19 Outbreak, Historical Analysis, Recent Trends, Opportunity Assessment, Future Scope and Industry Growth

Global Mobile Virtual Network Operator Market, by Type (Reseller, Service Operator), by Service (Network Routing, Customer Care, Handset Management and Marketing & Sales), by Infrastructure (Skinny MVNO, Thin MVNO, and Thick MVNO) — Forecast till 2023

Market Overview

Mobile virtual network operators are service providers that resell wireless network communication services using the infrastructure of a mobile network operator (MNO). This provides benefit to both mobile virtual network operators and mobile network operators. MNO contains an extra unused network bandwidth which they offer MVNO at a low price, thereby making optimum utilization of the unused network bandwidth. MVNO offer these services to end users without having any support infrastructure or paying the license fee to the government.

According to Market Research Future, the mobile virtual network operator market is segmented into type, service, and infrastructure.

By type, the market is segmented into reseller, and service operator. A reseller is a third party arrangement selling the services of a network provider/operator. Service operator, on the other hand, have the same controls as the network operators, without the obligation of an operator-level regulation, and network engineering.

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By service, the market is segmented into network routing, customer care, billing & collection, handset management (2G, 3G, 4G), and marketing & sales. Network routing refers to the foundation of routes that data packets take on their way to a particular destination. Network routing can be applied to data exchange on the Internet, over 3G or 4G networks used for telecommunication. The 2G technology introduced call and text encryption, plus data services like SMS, picture messages, and MMS. 3G is used for faster data-transmission speed in more data-demanding ways such as video calling and mobile internet. With the implementation of 4G, some 3G features are removed, such as the spread spectrum radio technology. 5G is a not-yet-implemented wireless technology which is expected to improve 4G technology.

5G promises significantly faster data rates, higher connection density, much lower latency, among other improvements.

By infrastructure, the market is segmented as Skinny MVNO, Thin MVNO, and Thick MVNO.

Skinny MVNO is a reseller that entirely relies on the MNO's facilities. Thin MVNO operates on its customer support, marketing, sales, and distribution operations, and set its tariffs independently from the retail prices set by the MNO. Thick MVNO manages complete technical implementations with its infrastructure that allows the MVNO to have more control over its offerings.

Key Players

The key players in mobile virtual network operator include Virgin Mobile (U.S.), Tracfone Wireless, Inc. (U.S.), RedPocket Mobile (U.S.), AirVoice Wireless (U.S), FreedomPop (U.S.), Freenet AG (Germany), KDDI Mobile (U.S.), Polkomtel Plus (Poland), Tesco Mobile Ltd (U.K), Kajeet, Inc. (U.S.) among others.

Other players in markets are AT&T (U.S.), Verizon Communications (U.S.), Sprint Corporation (U.S.), Lyca Mobile Group (U.K.), T-Mobile AG (U.S.), CITIC Telecom International Holding Limited (Hong-Kong), Telefonica S.A. (Spain), Tracfone Wireless, Inc. (U.S.), among others.

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https://www.techsite.io/p/1999197

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