Statistical Analytics Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2023

 Statistical Analytics Market, By Components (Solution, Service), By Solution (Data Mining, Predictive Analytics, Visual Analytics), By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise) – Global Forecast 2023

Market Overview

Statistical analytics is a segment of data analytics that uses various techniques to collect and analyze structured and semi-structured customer data. These techniques help organizations to unravel hidden trends and patterns within such data. Statistical analytics is used by organizations to gain insights in the relevant market and to aid better, faster decision making. Proliferated technological advancements have led to rapid digitalization of the world. Businesses have started shifting operations to digitized platforms to aid easier data generation, collection and analysis. Businesses want to use such analytics solutions to obtain higher economies of scale, track influential intricacies in market functionalities, and in turn, gain competitive advantage over their peers. Such shift of operations has propelled the demand for statistical analytics by organizations, hence, fueling the market.

With a rise in demand for improved consumer satisfaction, the demand for statistical analytics solutions is catapulting in various sectors such as BFSI, healthcare, foods and beverages, retail, manufacturing, IT & telecommunications, etc. According to the report published by MRFR, the global statistical analytics market is expected to garner a 15% CAGR during the assessment period.

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Segmental Analysis

The statistical analytics market is segmented on the basis of component, deployment, organization size, vertical, and region. On the basis of component, the market has been segmented into solution and service. The segment of solution is further segmented into data mining, predictive analysis, visual analytics, forecasting & econometrics and statistical analytics. The segment of service is further bifurcated into professional service and support & maintenance service. On the basis of deployment, the market has been segmented into cloud and on-premise. On the basis of organization size, the market is segmented into small & medium sized enterprises and large-scale enterprises. Based on vertical, the market has been segmented into government & defense, BFSI, IT & telecommunication, healthcare, retail, manufacturing, travel & hospitality, transportation & logistics, and media & entertainment.

According to the MRFR report, the BFSI sector is likely to account for the highest share in statistical analytics market. By organization size, small and medium enterprises account for the largest market share. Cloud based statistical analytics solutions provide various high-end features such as campaign performance measurement, website traffic based on various search filters, and most popular sites. Demand for on-premise deployment services is driven with an increase in the demand for digitally stored data and rapid adoption of cloud-based computing.

Rapid implementation of statistical analytics solutions by small and medium-scale enterprises, and better overall business operations are some of the factors estimated to drive the statistical analytics market. Rising shift from on-premise to cloud based analytics solutions because of improved business growth is yet another factor contributing to the rising demand for cloud-based statistical analytics solutions in the market.

Detailed Regional Analysis

On the basis of regional analysis, the statistical analytics market is segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). North America is estimated to garner the largest share in the statistical analytics market attributable to factors such as better network infrastructure, digitization, and higher technology implementation. In addition, invention of advanced technology and economies benefitting from such invention are the leading causes for accelerated digitization in North America. Furthermore, presence of multiple key players in North America is also deemed to drive the regional market.

Key Players

The prominent players in the statistical analytics market include SAP SE (Germany), SAS Institute (U.S.), Oracle Corporation (U.S.), International Business Machine (U.S.), Tibco Software Inc. (U.S.), Qlik Software (U.S.), Alteryx (U.S.), Statacorp (U.S.), Plug & Score (U.S.), and Lumina Decision Systems (U.S.).

Industry Updates

February 19, 2019: Unifi analytics is a business intelligence tool launched at HIMSS19, by Hologic, that allows management of mammography devices, monitorization of technologist performance, and prevention of unanticipated downtime for healthcare facilities. At HIMSS19, SPH Analytics and Medicision announced a strategic partnership to help health plans improve the quality of care provided to their members and lower related costs.

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https://www.spoke.com/topics/statistical-analytics-market-size-share-growth-rate-trends-analysis-future-scope-forecast-to-2023-603e056838d37e3dbd03b9c3

https://www.techsite.io/p/2007769

https://www.articletrunk.com/statistical-analytics-market-size-share-growth-rate-trends-analysis-future-scope-forecast-to-2023/

In-Vehicle Video Surveillance Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2023

 Global In-Vehicle Surveillance Market, by Solution (Blind Spot Detection System, Parking Assist System, Lane Departure Warning System, Head Up Display Device, GPS), Vehicle Type (Commercial, Passenger), Application - Forecast 2023

Overview

In vehicle video surveillance is gaining popularity in many countries with introduction of dashcam video cameras for vehicles to film the road in front of or behind the vehicle for evidence in the event of an accident or undisciplined driving. With automotive industry focused on developing driverless cars, many drivers look forward to enhancing their vehicles and improving in-vehicle experience. A global trend among the drivers is to embrace in vehicle video surveillance by adopting on-board cameras into their vehicles. Advancements in video surveillance technology is one of the key drivers for adoption of in vehicle video surveillance systems opening new doors for on-board cameras for recording the road trip, merging and reducing the blind spots, and preventing parking mishaps. In vehicle video surveillance systems are rapidly adopted by school buses to monitor students, drivers and employees. Furthermore, government organizations are adopting in vehicle video surveillance systems for public safety for undercover surveillance in fleet of tactical vehicles, combat vehicles and reconnaissance vehicles. Governments in various countries around the globe have already adopted in vehicle video surveillance for metro trains to ensure the safety of the passengers and drivers by providing real-time video recording while the train is in operation. Many passenger transit buses are now equipped with digital bus cameras offering and expert witness in case of any incident, further enhancing protection of the civilians. Law enforcement agencies around the world are adopting in vehicle video surveillance for police vehicles to protect police officers. Most of the healthcare and medical sector deploys in vehicle video surveillance in Emergency Medical Service (EMS) vehicles to monitor the patient condition inside the ambulance. These are the key driving factors for the growth of in vehicle video surveillance market offering various hardware, software and services for in vehicle video surveillance. With growing IoT devices, there has been a rising demand for connectivity and security of people in vehicles such as cars, trucks, and trains which plunges the adoption of in vehicle video surveillance systems.

In Vehicle Video Surveillance market may face challenge to implement high-bandwidth communication technologies and high-capacity storage devices to transfer and record real-time high-definition video and images. In addition, data privacy issues and high costs associated with installation and maintenance of these systems pose challenge towards the market growth.

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Industry News

May 2017, Bosch Group partners with Sony Semiconductor Solutions to develop accurate and reliable camera technologies

Bosch Group, a provider of in vehicle video surveillance systems partners with Sony Semiconductor Solutions to develop accurate and reliable camera technologies for improving vehicle sensors during poor lighting conditions to sense and detect obstacles and reducing speed or applying brakes. Moreover, these in car camera technologies will be helpful for road sign recognition, lane control and emergency braking. These cameras will operate reliably in case of sudden change in lighting conditions from dark to light and vice versa.

February 2017, Advantech Co. Ltd. announced Network Video Recorders for AxxonSoft in vehicle and street surveillance applications

Advantech Co. Ltd. a provider of in vehicle video surveillance solutions, announced the availability of Network Video Recorders to integrate with AxxonSoft’s (video surveillance software developer) Video Management System (VMS). Advantech ARK-V, ARK-S series and NVS-500 are compatible with AxxonSoft VMS Axxon Next 4.0 assisting customers by saving time and efforts to implement these solutions for video and street surveillance applications. Moreover, Advantech ARK-V series has ignition power management system and follows in-vehicle EMARK and IEC 60721 5M3 shock/vibration proof standards suitable for in vehicle surveillance applications.

November 2016, Advantech collaborates with GeoVision to boost in vehicle surveillance deployments

Advantech Co. Ltd. a provider of in vehicle video surveillance solutions, collaborated with GeoVision, another video surveillance solution company, to integrate GeoVision’s video management software and IP cameras with Advantech’s ARK-V and ARK-S series hardware. Additionally, as part of this collaboration GeoVision will also offer video analytics functionalities such as license plate recognition, people counting, video stabilization and defog to enhance daily operational efficiency and optimize video surveillance capabilities.

Segmentation

Segmentation by Component: Hardware, software and services. The hardware solutions include cameras, storage devices, video encoders, and other accessories. The software solutions include video management systems (VMS) and video analytics. The services include maintenance and installation services.

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https://www.techsite.io/p/2007758

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Cognitive Cloud Market Outlook and Future Scope Analysis Forecast To 2023

 Cognitive Cloud Market, By Technology (NLP, Machine Learning, Automated Reasoning), By Service (Managed, Professional), By End User (SMEs, Large Enterprises) and By Vertical - Forecast 2023

Industry Insight

Market Research Future provides a short-term assessment of the impact of COVID-19 on the global cognitive cloud market 2020. It offers a clear assessment of the projected market fluctuations during the forecast period (2017–2023) with USD 3.42 Billion in valuation. Various factors are likely to impact the overall dynamics of the cognitive cloud market with a high 16% CAGR in the same forecasted period.

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Top Grossing Factors

While the cloud technology was witnessed as a superior technology to adopt until some time ago, it has now become a must to navigate through the challenging time of Coronavirus Disease Outbreak. In this daunting time where businesses are struggling to keep up with their infrastructure needs, the global cognitive cloud market is anticipated to achieve a milestone of high percent uptime of a stable growth graph.

While COVID-19 has had a noteworthy impact on the worldwide cognitive cloud market, organizations realize that cloud services are necessarily a good fit for unprecedented uncertainties ensuring business continuity amidst physical lockdowns. As many businesses are challenged, yet cognitive cloud providers are creating a balance by offering customers with increased flexibility versus offering opportunistic solutions. These factors are assessed to be beneficial for the market of the cognitive cloud to expand in the forecast period.

As the global cognitive cloud market encompasses technologies such as machine learning, natural language processing, information retrieval, and automated reasoning for translating unstructured data to sense, these are creating meticulous opportunities for new players to invest in and take the market’s valuation to the next level.

At the same time, globally, several companies are rapidly adopting cognitive cloud technologies to gain a competitive edge in the market. The giant players in the cognitive cloud market such as IBM, Microsoft, Google, SAS, TCS, AWS, Virtusa, and Cisco are investing high in the market. These companies are incessantly innovating their products and services to overcome large and complex data challenges as compared to other database solutions.

Furthermore, the rise in concern among all the major business organizations to study the extensive volume of data to assess the risk associated with any strategic initiative is further instrumental in accelerating the cognitive cloud market growth. The necessity for industries, such as retail, healthcare, and financial institutions, to study large volumes of data optimally on a real-time basis, is apparent to bang the industry favorably.

Segmentation of Market

The cognitive cloud market has further been assessed over segmental analysis, which is done over technology, service, end-user, and vertical segments.

The vertical segment has been bifurcated into healthcare, BFSI, education & retail, consumer electronics & retail, travel & tourism, IT & telecommunication, oil & gas, and aerospace & defense. Out of which, retail and healthcare verticals have possibilities to grow at a significant rate during the forecast period. In healthcare, the cognitive cloud assists with assembling the available information and integrating that data with patient information, which, in turn, helps in presenting more personalized services. The cognitive cloud also helps in making healthcare services cost-efficient.

The technology segment has included machine learning, natural language processing, automated reasoning, and others.

The service segment has included managed service and professional service.

The end-user segment has included SMEs and large enterprises.

Regional Outlook

The regional analysis of the cognitive cloud market is being studied for regions—North America, Europe, Asia Pacific, and the Rest of the World.

MRFR, in its study, has revealed that the North American region is estimated to account for the largest share of the market. The foremost growth in the North American cognitive cloud market is attributed to technical advancements and growing need for real time analysis of massive and diversified. In North America, cognitive cloud technology is being extensively implemented across the healthcare sector. U.S. hospitals are working with Watson to aid the proper treatment of cancer patients as well as to help doctors.

Asia-Pacific region is projected to grow at the fastest rate during the forecast period.  Asia Pacific region is expected to expand at the highest CAGR during the forecast period. Increasing investments by the technology companies in foremost countries, such as China, Japan, and India, rising digitalization, Machine Learning (ML), mounting adoption of advanced Artificial Intelligence (AI),  and government regulations and initiatives are expected to compel the growth of the market in the APAC region.

Top Market Players

The top players in the cognitive cloud market are listed as IBM Corporation (U.S.), Google, Inc. (U.S.), Spark Cognition, Inc. (U.S.), Microsoft Corporation (U.S.), Enterra Solutions LLC (U.S.), CognitiveScale (U.S.), Vicarious (U.S.), Numenta (U.S.), ColdLight Solutions (U.S.) and others.

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https://www.techsite.io/p/2007744

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Virtual Reality in Therapy Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

 Global Virtual Reality in Therapy Market, By Device (Head mount, Gesture Control), By Technology (Non-Immersive, Fully Immersive), By Application (Phobia Treatment, Robotic Surgery) - Forecast 2023

Brief Industry Insights

Virtual reality in therapy market is poised for tremendous growth over the forecast period of 2017-2023. The immense expansion of this market can be attributed to the growth of artificial intelligence and its arrival into the healthcare sector.

Virtual reality is basically a computer-generated virtual environment that provides real-life sensory experiences to the recipient. This technology has the capability to construct a three dimensional, visual and intriguing environment. In such a form of an alternate reality a person can control the virtual elements and also carry a number of tasks. The environment created can either be real or imitated depending on the situation and purpose.

Currently, the global healthcare industry is in a phase of technological reformation. Owing to this, it can be confidently affirmed that the global market for virtual reality in therapy will grow by leaps and bounds through the next seven years. The market is expected to generate a revenue of around USD 3.9 Billion by the end of the forecast period. The estimated CAGR for this time span will be 32%.

One of the major factors that drive the growth of the market happens to be advantages of virtual therapy in comparison to conventional therapies. When a patient undergoes this form of treatment the need for drugs or invasive surgeries is eliminated. Thus, saving a whole lot of time and money.

Many hardware vendors and medical device providers have embarked upon joint ventures with an aim to devise a new product or service. This is another aspect that positively impacts the growth of the market.

Additional growth propellers like technological advancements, government support, increased demand for improved technological solutions, higher adoption of handheld medical instruments and the need for better means of education for the medical students further foster the growth of the market.

Although, the market may face certain restraints like stringent rules & policies and price related issues. However, experts believe that as the market progresses it will cope with such minor issues.

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Segmental Analysis

The worldwide virtual reality in therapy market has been trifurcated. The three segments and sub-segments respectively are listed below.

Applications: Robotic Surgery, phobia treatment, surgery simulation, treatment of post-traumatic stress disorder, treatment of autism, robotic surgery, rehabilitation and visualization.

Technologies: Semi-immersive VR, full-immersive and non-immersive VR.

Devices: Gesture control, projectors and head mount.

Comprehensive Regional Analysis

The virtual reality in therapy market has been successful in expanding across the globe. The main regions where it prevails are Europe, North America, Asia Pacific and Rest of the World.

Region-wise North America holds the largest market share and the primary reason for this is the business being brought in by countries like Canada and U.S. This area experiences a massive demand for high-end technological solutions, higher number of research & development activities and greater acceptance of virtual reality in the healthcare industry. Asia Pacific is estimated to expand tremendously during the projection period as it has a huge number of investors and manufacturers.

Industry News

February, 2018 – Recently a clinical trial was held in which 116 patients participated in the Netherlands. The outcome of the experiment was that virtual-reality-based therapy along with standard treatment was able to reduce paranoia and anxiety in people who were suffering from psychotic disorders. This news has confirmed the effectiveness of virtual reality in therapy and given the market a boost.

Market Players & Key Strategies

Some of the most renowned and longstanding players of this market can be listed as Virtual Realities, Siemens Healthcare, Samsung Group, Brainlab and Mimic Technologies.

The global market for virtual reality in therapy is intensely competitive. To make their mark, market players have to employ a number of development tactics. Some of the major strategies used by them are strategic partnerships and mergers with other companies.

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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/2007732

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Threat Intelligence Market Sales Revenue, Worldwide Analysis, Competitive Landscape, Future Trends, Industry Size and Regional Forecast To 2023

 

Threat Intelligence Market, By Component (Solutions, Services), By Deployment (On-premises, Cloud), By Organization size (Small, Medium, Large), By End-users (Government, Healthcare) - Global Forecast 2023

Market Highlights

The key players in the global threat intelligence market include- Dell Technologies, Inc. (US), IBM Corporation (US), Symantec Corporation (US), McAfee LLC (US), Trend Micro Incorporated (Japan), IBM Corporation (US), FireEye, Inc. (US), Juniper Networks, Inc. (US), Check Point Software Technologies Ltd. (US), Optiv Security, Inc. (US), LogRhythm, Inc. (US), AlienVault, Inc. (US), Webroot, Inc. (US), Farsight Security, Inc. (US), F-Secure Corporation (Europe), and LookingGlass Cyber Solutions, Inc. (US) among others.

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Overview

The global threat intelligence market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The threat intelligence market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the threat intelligence market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.

Regional Analysis

The global threat intelligence market is expected to grow significantly over the forecast period, 2017-2023. BFSI segment of threat intelligence market globally drives the market majorly due to increasing demand for better solutions for protection of network infrastructure. The market is expected to have higher growth rate as compared to the previous years. The global threat intelligence market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. BFSI segments hold a largest share in the North-American region. The reason is attributed to implementation of threat intelligence solutions, banks and other financial institutions will help to assess the type of threat and detect their patterns in real-time and by reducing suspicious activities.

Also, organizations are looking for better technologically advanced solutions in this region. Therefore, BFSI segment of threat intelligence market accounted for the largest market share.

Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to security measures against the evolving cyber-attacks and SMEs & large-scale organizations are adopting threat intelligence solutions in this region.

North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions against cybercrimes such as fitness bands, standard regulation and presence of technical expertise. 

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https://www.spoke.com/topics/virtual-classroom-market-business-revenue-future-scope-market-trends-key-players-and-forecast-to-2023-603e02b93833bf7606002fcf

https://www.techsite.io/p/2007724

https://www.articletrunk.com/virtual-classroom-market-business-revenue-future-scope-market-trends-key-players-and-forecast-to-2023/

 

Cloud Electronic Design Automation (EDA) Market Outlook and Future Scope Analysis Forecast To 2022

 Overview

Cloud EDA or cloud electronic design automation is a software tool generally used by the semiconductor industries for the designing complex electronic systems. EDA tools on cloud allows the user to use it from any place and helps the companies to design and developed highly complicated large-scale circuits used in some of the crucial industries such as healthcare, automotive and aerospace. Some of the systems which are used in cloud EDA is CAE (computer added engineering), ICs, wafers among others. Due to the advancement in technology and integration of cloud with the current system, the market is showing tremendous growth and is expected to do so in the future. Integration of cloud also encompasses algorithms and methodologies for the large-scale ICs.

Earlier the designing of circuit boards were manual tasks which was time taking process and with the adoption of electronic design automation, the designing become easy and also offered several other benefits such as reduced time, errors, and cost. Cloud EDA also offers various other benefits to the companies such as reduced product development time, high accuracy and optimum utilization of resource. The company also can save huge amount of money which used to occur while following manual production stages. Cloud EDA offers its users a pay-per-usage design environment which helps to reduce the extra cost which occurs.

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Key Players:

Cadence Design Systems, Mentor Graphics, Synopsys, Agilent, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA, Sigrity, Zuken among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Cloud Electronic Design Automation (EDA) market. Cloud EDA offers wide range of benefits to the industry and manufacturing companies which is helping the market growth around the world.

Industry News

December, 2017, M31 Technology Corporation, a global Silicon Intellectual Property (IP) boutique, today announced that M31 28nm PHY with Corigine's USB 3.1 Gen 2 PC host and device controller intellectual property (IP) is certified by the USB Implementers Forum (USB-IF) and compliant with USB SuperSpeed+, the fastest USB speed standard. M31 is pleased to offer the 3.1 Gen 2 PHY in various process nodes including 28nm, 12nm and 7nm," adds Scott Chang, M31's vice president. M31 is delighted to have USB-IF certification along with Corigine's USB Gen 2 controllers and pleased to offer the 3.1 Gen 2 PHY in 28nm as part of Corigine's complete and highly competitive offering.

December, 2017, -Toshiba Electronic Devices & Storage Corporation has today started to ship five new high-current photorelays in DIP4 and DIP6 packages, additions to its portfolio of photorelays incorporating MOSFETs fabricated with the latest U-MOS VIII process. The new photorelays offer multiple options, with an off-state output terminal voltage ranging from 30 to 200V and a steady on-state current of 0.7 to 5.0A. They can replace 1-Form-A mechanical relays in various DC and AC applications, contributing to improved system reliability and reducing the space needed for relays and relay drivers. They deliver a rated operating temperature of 110°C (max), making it easier to accommodate temperature margins in system designs.

Segmentation

Segmentation by Type: CAE, SIP (Semiconductor Intellectual Property), IC Physical Design and Verification, Printed Circuit Board (PCB) and Multi-Chip Module (MCM)

Segmentation by Application: Military/Defense, Aerospace, Telecom, Automotive, Industrial, Others

Regional Analysis

Cloud Electronic Design Automation (EDA) Market is growing with the positive growth in all the regions. Growing need of efficient and automated manufacturing system in the industry is driving the market of cloud EDA around the world. By geography, North America is dominating the market due to the presence of global players in the region and high development in the field of technology and cloud computing is supporting the market growth in North America region. Also, high development and adoption of automation in the manufacturing sector in U.S. and Canada is also helping the market growth. Asia-Pacific stands as second largest market for cloud EDA. Rich presence of semiconductor manufacturing companies in China, Japan and South Korea are some of the major driving factors supporting the market in Asia Pacific. Also, high demand for consumer electronic products from the region is forcing the manufacturers to adopt latest technologies in the manufacturing process. Europe stands as third largest market for the cloud EDA. Presence of developed countries such as Germany, France, Italy, Netherlands and U.K. are one of the major driving factor behind the growth of the market in Europe region. Also, growing automotive industry in European region is also driving the market 

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https://www.spoke.com/topics/cloud-electronic-design-automation-eda-market-outlook-and-future-scope-analysis-forecast-to-2022-603e019720935275eb00952e

https://www.techsite.io/p/2007699

https://www.articletrunk.com/cloud-electronic-design-automation-eda-market-outlook-and-future-scope-analysis-forecast-to-2022/

 

Smart Government Market Outlook and Future Scope Analysis and Forecast Till 2023

 Smart Government Market, By Solution (Government Resource Planning System, Security, Analytics, Remote Monitoring), Service (Professional Services, Managed Services), Deployment (Cloud, On-Premise) - Forecast 2023

Government Initiatives

The ever-changing world and transforming societies along with demographics place new challenges for the public sector. This where smart government becomes an essential requirement for government organizations to deliver effective governance. Under smart government, innovative business model and development policies are fostered with the help of technology to address the environmental, financial and service issues present in public sector organizations. Today, the expectations of civilians have increased; they demand efficient, accountable and responsive services from government bodies. It is observed has the tolerance for bureaucratic discrepancies has gone down. Governments simply cannot afford to have poor communication between isolated departments or sluggish systems and processes. In order to bolster the public sector organizations, efforts are being made to implement smart policies. Factors as such are driving smart government deployments in various countries across the globe. A recent study conducted by Market Research Future (MRFR) reveals that the global market for smart government will expand at a robust CAGR of 19% between 2017 and 2023 to reach a valuation of USD 37 Billion.

A large number of factors, ranging from civilian/government/administration interaction models, interoperability, heterogeneous communication network and security determine the smart government functionalities and capabilities that can be deployed.  Increased digitalization and expansion of smart technologies are offering tremendous potentials to the market. Moreover, big data, cloud computing and mobile applications bring new opportunities to connect with more citizens and better understand their problems and requirements. Smart government is touted as the future of the public services, which will be about greater efficiency and innovation-driven governance. Growing importance of data analytics and the opening of new alternatives to conventional ways of service delivery is expected to support the growth of the smart government market over the next couple of years. Nonetheless, risk of data theft and privacy concerns continues to undermine the potentials of the market. Over the years, incidences mass data leaks and cyber-attacks have increase at an alarming rate, making citizen more cautious about sharing their personal information on digital platforms.

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Latest Industry Highlights:

• Entrust Datacard, a prominent provider of secure transaction technologies recently announced the that it has partnered with Cloud Security Alliance (CSA) to secure and improve cloud computing environment.
• The UAE government has recently flagged off an emerging technologies start-up competition, “GovHack Series” on a global scale. The competition will be held in eigth major cities across the globe. Reportedly, this will be the sixth edition of GovHack Series.

Segmental Analysis

MRFR’s report offers a segmental analysis of the market based on service (managed services and professional services), by solution (security, remote monitoring, government resource planning system, and analytics) and deployment (on-premise and cloud). The remote monitoring solutions segment is projected to witness a relatively higher growth rate over 2023. Development of advance and cost effective sensor technology is playing an imprint role in improving remote monitoring solutions.

Regional Overview

On the basis of region, the global market for smart government is segmented into Europe, North America, Asia Pacific and rest of the world (RoW). The market in North America is expected to remain highly lucrative throughout the assessment period. Presence of leading technology companies and increasing trends of digitization is reflecting favourably on the region’s market. Meanwhile, Asia Pacific is expected to exhibit the highest CAGR from 2017 to 2023.

Competitive Analysis

Some of the key players profiled in the MARF’s report include Capgemini SE (France), Entrust Datacard Corporation (U.S.), IBM Corporation (U.S.), Nokia Corporation (Finland), Symantec Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Imex Systems Inc. (Canada) and Oracle Corporation (U.S.).

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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Read More:

https://qntjuo.prnews.io/249999-Telecom-Service-Assurance-Market-Key-Findings-COVID-19-Analysis-Regional-Study-Trends-Growth-Top-Key-Players-Profiles-and-Future-Prospects.html

https://www.spoke.com/topics/telecom-service-assurance-market-key-findings-covid-19-analysis-regional-study-trends-growth-top-key-players-profiles-and-future-prospects-6034d6d738d37e3dbd036901

https://www.techsite.io/p/1989430

https://www.articletrunk.com/telecom-service-assurance-market-key-findings-covid-19-analysis-regional-study-trends-growth-top-key-players-profiles-and-future-prospects-2/