Global Procurement Analytics Market Outlook and Future Scope Analysis and Forecast Till 2024

 Global Procurement Analytics Market Research Report: by Component [Solutions (Category Management, Vendor Management, Spend Analytics, Contract Management), Services], by Deployment (Cloud), by Organization Size, and by Industry Vertical—Forecast till 2024

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that over the review period , the global market 2020 is poised to increase significantly, ensuring substantial market valuation of USD 7.90 Billion by 2024, and a healthy 21.4%  CAGR over the review period.

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Drivers and Restraints

Rapid technical advancements, digital innovation and comprehensive cloud infrastructure have intensified businesses' need for data-driven solutions to assist them in effective decision-making. Analytics thus plays a critical role in the enterprises enabling them to minimize capital and operating expenditure and significantly increase investment return (ROI). Procurement analytics provide comprehensive information on the historical data and allow companies to forecast future trends with the help of predictive analytical tools. Such quantitative data allow companies with data-driven decision-making to gain a competitive market advantage. In addition, the incorporation of analytics in the procurement process helps companies to achieve greater visibility and cost management.

It is possible that the convergence of analytics with technological developments such as the Internet of Things ( IoT) and cognitive computing would accelerate the use of the procurement process for highly insightful decisions. Therefore, the growing need for highly efficient procurement solutions to improve operational performance is expected to drive the procurement analytics market during the evaluation period. In addition, demand for cloud-based procurement solutions is growing, and demand for data-driven solutions is growing, which is likely to drive the procurement analytics market in the forecast period.

At the other hand, lack of safe solutions, privacy issues and lack of technological expertise are some of the aspects that are hindering the growth of the procurement analytics market over the coming years.

Segmental Analysis

The global procurement analytics market has been analyzed based on deployment mode, organization size, component, and industry vertical.

Based on the component, the global procurement analytics market has been bifurcated into solutions and services. The solutions segment has been sub-divided into sourcing, vendor management, spend analytics, invoicing analytics, category management, contract management, and others. Furthermore, the services segment has been further divided into professional services and managed services.

By deployment mode, the global procurement analytics market has been divided into on-premise and cloud.

By the organization size, the global procurement analytics market classified as small and medium-sized enterprises (SMEs) and large enterprises.

Based on the industry vertical, the global procurement analytics market has been divided into healthcare and life sciences, banking, financial services and insurance (BFSI), telecom and IT, energy and utilities, retail and e-commerce, and others.

Regional Evaluation

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

However, North America led the procurement analytics market in 2018, from 2019 to 2024 Asia-Pacific is expected to be the fastest-growing market. North America held the largest market share in 2018 and predicted over the forecast period to dominate the global procurement analytics market. Market growth can be credited to the early adoption by enterprises of analytics solution in the procurement process and the involvement of industry giants like SAS Institute, Inc., IBM Corporation and Oracle Corporation. In terms of market share, Europe is slated to achieve second place in the procurement analytics market during the assessment period.

During the assessment period Asia-Pacific is expected to be the fastest growing segment in the procurement analytics market. Market growth is attributed to heavy vendor investment in developing robust cloud infrastructure in emerging economies like India, China , and other South East Asian countries.

Competitive scenario

The major market players operating in the global market as identified by MRFR are  SAP SE (Germany), IBM Corporation. (US), Oracle Corporation (US), Zycus Inc. (US), Tamr (US), SAS Institute Inc.,(US), and Genpact (UK), BRIDGEi2i Analytics (India), Dataction (India), Tungsten Corporation plc (UK), Sievo (Finland), Rosslyn Data Technologies (UK), BirchStreet (US), Simfoni (US), Proactis (UK).

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Employee Monitoring Solution Market 2020- 2023: Company Profiles, COVID – 19 Impact Analysis, Emerging Technologies, Industry Segments, Business Trends, Landscape and Demand

 Employee Monitoring Solution Market Research Report: by Component (Software, Service), Type (Standalone, Integrated), Application (System Monitoring, File Monitoring, Network Monitoring), Vertical (Retail, Healthcare, Energy) — Global Forecast till 2023

Market Highlights

The global employee monitoring solution market has been segmented based on component, deployment, organization size, type, application, and vertical.

By component, the global employee monitoring solution market has been divided into solution and service. The solutions segment is expected to account for the larger market share during the forecast period.

Based on deployment mode, the global employee monitoring solution market has been classified as on-premise and cloud. The cloud deployment mode segment is expected to be the larger market, register the higher growth rate during the review period.

The organization size segments of the global employee monitoring solution market are small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is expected to dominate the market.

On the basis of vertical, the global employee monitoring solution market has been divided into banking, financial services and insurance (BFSI), retail, government and defense, healthcare and life sciences, energy and utilities, manufacturing, telecommunication and IT and others. The telecommunication and IT segment is expected to be the largest, while the BFSI segment is projected to register the highest CAGR during the forecast period.

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Regional Analysis

The global market for employee monitoring solution is estimated to grow at a CAGR of 22.6% during the forecast period from 2018 to 2023. The geographical analysis of the market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to be the dominating region in terms of adoption of employee monitoring solutions. The North American market has been segmented into the US, Canada, and Mexico. The growth of the market in North America can be attributed to the high adoption of advanced technologies in day to day business activities and across all industry verticals. The US is the leading country-level market while the Mexican market is projected to be the fastest-growing during the forecast period.

The European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, the market in Europe is expected to be the second-largest. Stringent regulatory compliances regarding access and security of employees and the need for enhanced control over employees are driving market growth in Europe. The UK is the leading country-level market and the market in Germany is expected to register the highest growth rate during the forecast period.

Asia-Pacific is anticipated to be the fastest growing market in the global employee monitoring solution market over the forecast period. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. The growing BFSI and IT and telecommunication sector and increasing use of digital technologies to monitor employees are the key driving factors for the growth of employee monitoring solutions in the region.

The rest of the world regional market has been segmented into South America and the Middle East & Africa. These regions are expected to offer numerous opportunities to vendors as the majority of the countries are yet to adopt employee monitoring solutions.

Key Players

InterGuard (US), Birch Grove Software, Inc. (US), FairTrak (India), Netsoft Holdings, LLC (US), IMonitor Software (US), Micro Focus (UK), Splunk Inc. (US), Rapid7 (US), Forcepoint (US), Securonix (US), ObserveIT (US), Imperva (US), One Identity LLC. (US), LogRhythm, Inc. (US), and SolarWinds ULC (Canada) are the key players in the employee monitoring solution market.

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Data Classification Market Global Trends, COVID – 19 Outbreak, Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2023

 Market Highlights

The process of sorting, organizing and managing the different data sets on the basis of file properties, structures, and demographics for effective and efficient use in enterprises is termed as data classification. Data classification solutions make it easy for any system to easily categorize, find and retrieve data. The vendors providing data classification solutions provide an intetgrated solution rather than standalone solution such as data security, and data loss prevention solution integrated with other data analysis, or data processing solutions

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Key Players

The key players in the data classification market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Amazon Web Services (US), IBM Corporation (US), Microsoft Corporation (US), Google LLC (US), Symantec Corporation (US), OpenText Corporation (Canada), Covata Ltd (Australia), Boldon James Ltd (UK), Varonis Systems Inc (US), and Innovative Routines International Inc (US). These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the data classification market. These include Innovative Routines International Inc (US), Informatica (US), DataGuise Inc (US), Spirion LLC (US), Digital Guardian (US), Titus (Canada), Netwrix Corporation (US), PKWARE (US), GTB Technologies (US), Forcepoint (US), Sienna Group (US), MinerEye (Israel), SoftWorks AI (US), Expert TechSource (India), Clearswift (UK), Seclore (US), and Janusnet (Australia). and others.

Regional Analysis

The market for data classification is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of data classification market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). The market is dominated by North America owing to major developments by key players in the data classification market. Nearly 70% of the data classification companies have their presence in the US. On the other hand, Europe closely follows North America and is estimated to be the second largest region by revenue by 2023. Asia-Pacific is expected to be the highest fastest growing region with highest CAGR during the forecast period since due to growth in the semiconductor industry, and digital infrastructure. The BFSI and IT sector in Asia-Pacific is growing at a rapid pace and countries such as India, and Japan are expected to be among the top IT regions by 2025.

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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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Smart Grid Security Market |COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2023

 

Smart Grid Security Market Research Report, by Deployment (On-Premise, Cloud), Security Type (Endpoint, Network, Application and Database), Application (Consumption, Generation and Distribution & Control) - Global Forecast till 2023

Market Overview

The fortification of traditional power grids is predicted to enhance the smart grid security market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.  A revenue level of USD 747.07 Million is projected by 2023, with the backing of a CAGR of 10.73%.

The need to enhance availability & allotment of power is predicted to bolster the smart grid security industry in the forecast period. The rise in funding to alter utility infrastructure to the smart grid is projected to enhance the smart grid security market.

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Segmental Analysis

The segmental scrutiny of the smart grid security market is conducted based on security type, application, deployment, and region. The application-based segmentation of the smart grid security market is segmented into generation, consumption, distribution and control. Based on the deployments, the smart grid security market is bifurcated into the cloud and on-premise. On the basis of regions, the smart grid security market is segmented into North America, Europe, Asia-Pacific, and the Rest of the regions in the world. Based on the security types, the smart grid security market is segmented into endpoint, network, application, and database.

Detailed Regional Analysis 

The regional examination of the smart grid security market consists North America, Europe, Asia-Pacific, and the Rest of the regions in the world. The regional markets in smart grid security are anticipated to develop at an outstanding rate in the forecast period from 2018 to 2023. The North American regional market is likely to lead the smart grid security market as of 2018 to 2023 due to the incidence of highly developed utility infrastructure, elevated concentration of market players in the region, and accessibility of accomplished cyber-security knowledge. Nonetheless, the region of Asia-Pacific is anticipated to develop at the maximum CAGR throughout the forecast period due to alteration in conventional grid structure to the smart grid by many nations in the region.

Competitive Analysis

The market is in a condition of flux due to the rapid and severe changes in the global economy. The market players are taking the steps that are necessary to ensure that the market survives the turbulent period and emerge recovered in the future. The fortification of the human resource is estimated to be the critical point being addressed in these times of uncertainty. The support of the administration in countries around the world is estimated to have a significant impact on the development of the market in the upcoming period. The rebooting of manufacturing activities is another strategic aspect that is being emphasized to ensure that the supply of the end product can be reasonably ensured to the users in the market. The revamping of distribution channels is also expected in the coming years with a particular focus on using robots for the logistic function on a larger scale than before.

The notable contender working in the smart grid security market are IBM Corporation (U.S.), N-Dimension Solutions (Canada), Cisco Systems, Inc. (U.S.), BAE Systems PLC (U.K.), Elster Solutions (U.S.),  Intel Corporation (Intel Security) (U.S.), Lockheed Martin Corporation (U.S.), Siemens AG (Germany), Symantec Corporation (U.S.), Alert Enterprise (U.S.), Leidos (U.S.), Symantec Corporations (U.S.), and McAfee LLC (U.S.).

Industry Updates:

Apr 2020 ABB Power Grids are gearing up to boost efficiency with 5G-ready factory connectivity. ABB Power Grids is combining more digital solutions into its transformer factory in Ludvika, Sweden, to augment performance and productivity. ABB Power Grids is a worldwide leader and leader within power technology, addressing automation and power for the smart grid.

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IoT For Public Safety Market |COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast till 2023

 Global IoT for Public Safety Market Research Report – by Component (Platform, Solution, Services), by Application (Disaster Management, Emergency Communication & Incident Management, Critical Infrastructure Security, Surveillance & Security), by Vertical (Smart Healthcare, Smart Manufacturing, Others), and Region - Forecast to 2023

Overview:

The internet of things (IoT) for public safety market is assured of healthy growth as it is intimately linked with the smart city initiatives across the globe. Residents’ security has always been of utmost importance for the administrators. Latest developments on technological front regarding safety reflect that concern. The global IoT for public safety market is expected to bank on this desire to provide safety and grow with an impressive 15.60% CAGR during the forecast period (2018-2023). With this speed, it seems quite possible for the IoT for public safety market to attain a valuation of USD 2010.44 million, more than double of its previous valuation in 2017 of USD 844.2 million, by 2023. The report published by Market Research Future’s (MRFR’s) is founded upon a detailed analysis of drivers such as rising demand for smart cities and increasing reliance on unmanned operations. IoT for public safety market can provide this in real-time with round-the-clock monitoring which increases decision -making capabilities by using analytics.

On the flip side, the IoT for public safety market can find it daunting to reach a wider-spectrum for better adoption rate. IoT for public safety initially incurs high cost which can strain the profit margin of the developers and deter them from seeking its application. However, if it happens then, the pullback cannot stay for long as end-users are making it a habit of integrating the IoT for public safety in their system.

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Segmentation:

The IoT for public safety market can be segmented by component, application, and vertical.

Based on the component, the IoT for public safety market can be segmented into platform, solution, and services. Solution is expected to be the fastest growing segment whereas, services, at present, is dominating.

By application, the IoT for public safety market comprises emergency communication & incident management, critical infrastructure security, surveillance & security, disaster management. Surveillance & security segment, by far, is the leading segment. However, disaster management can record the fastest growth rate during the forecast period.

Based on vertical, the IoT for public safety market can be segmented into smart building & home automation, homeland security, smart utilities, smart healthcare, smart manufacturing, smart transportation, and others. Homeland security is dominating the segment by generating sizeable revenue. Meanwhile, smart building & home automation is all set to record the fastest CAGR over the review period.

Regional Analysis:

Geographically, the IoT for public safety market can be mapped in regards to regions such as North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is doing remarkably well in the sector. The region has superlative technology to boost this kind of sector. At the same time, the excellent economic condition has got various industries inclined towards this market. Furthermore, a lot of the service providers are from this region which gives the IoT for the public safety market advantage in the competition.

Europe’s progress track resembles that of North America’s. The similarity these two regions share in terms of market drivers can tell how much Europe is gaining from the market. At the same time, development of smart cities is also on the rise which accentuates the regional market prospect.

The APAC region is experiencing astounding growth, all thanks to countries such as India, China, and others. These emerging nations are rapidly adopting smart technologies to protect properties and safeguard individual life which is promoting the IoT for the public safety market in the region.

Competitive Insights:

Prominent players in the IoT for public safety market are Hitachi Vantara (U.S.), NEC (Japan), Cisco Systems (U.S.), IBM (U.S.), Nokia Networks (Finland), Sierra Wireless (Canada), Telit (U.K.), West Corporation (U.S.), Microsoft Corporation (U.S.), Intellivision (U.S.), Iskratel (Slovenia), X-Systems (The Netherlands), Tibbo Systems (Taiwan), Star Controls (U.S.), Yardarm Technologies (U.S.), and others. Agreements, partnerships, and new product launches are strategies employed by these players to stay ahead in the market.

Insight Enterprises, recently in 2018, launched Project Edison, a solution accelerator, to help clients bring their IoT-enabled public safety solutions in the market faster. The project plans to tap into the power of Microsoft Azure and IoT technology.

In October 2018, Hitachi Vantara completed their acquisition of REAN Cloud, a global cloud system integrator, which provides solutions for cloud-based applications across big data, machine learning and emerging internet of things (IoT) spaces.

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Business Analytics Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers and Forecast To 2023

 Global Business Analytics Market Research Report, By Software (Predictive Analytics, Content Analytics, Data Discovery and Visualization Software), Industry (BFSI, Education, Government), Organisation size (Large-Scale Enterprise) — Forecast till 2023

Market Highlights

Business analytics tools, much like advanced and predictive analysis, are currently trending in the market. The growing need for data visualization and discovery due to the increasing amount of digital data is driving the growth of business analytics market. Growing adoption of smartphones and increase in the amount of time spent on smartphones by consumers has led to generation of valuable user data for businesses to benefit from.

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Industry news

September 2018, Qlik announced the release of Qlik core — the company’s platform for building new classes of data-driven applications, leveraging the Qlik Associative Engine. The product features include a complete set of APIs, open source libraries, increased flexibility, and built-in support for Amazon Web Services among others.

Key Players

Cloudability, Inc.(US), Densify, Inc.(Canada), EXPONEA (UK), Google LLC (US), International Business Machines Corporation (IBM) (US), Mixpanel, Inc. (US), PanTerra Networks, Inc. (US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), Teradata Corporation (US), INFOR (US), Microstrategy Incorporated (US), Oracle Corporation (US), Adobe Systems Incorporated (US), Salesforce.com (US), Qlik Technologies, Inc. (US), Microsoft Corporation (US), Tibco Software (US), Fair Isaac Corporation (US), JDA Software Group, Inc. (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global business analytics market.

Regional Analysis

The regional analysis of the global business analytics market is done for North America, Europe, Asia-Pacific, and RoW.

North America is expected to dominate the business analytics market during the forecast period. The growing technological advancement and increase in amount of digital data generated by tech giants in countries like the US is driving the growth of the business analytics market in this region. Additionally, the growing need for risk management software by multiple businesses is contributing to the market growth.

Europe is expected to contribute significantly to the growth of business analytics market during the forecast period. The increasing need for customer retention and service improvement based on the user data is driving the growth of this market in the region. Some of the key players are located in Europe which is set to boost the business analytics market in this region.

Asia-Pacific is expected to grow significantly in the business analytics market during the forecast period. The growing adoption of smartphones and electronics devices in countries like China and India is driving the growth of the business analytics market in this region.

Latin America and the Middle East are expected to grow significantly in the business analytics market during the forecast period. The need of functionalities like workforce management, risk management and customer acquisition and retention provided by business analytics software is driving the growth of business analytics market in this region.

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Artificial Intelligence in Education Market Research Report |COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2023

 Market Highlights

Artificial Intelligence (AI), when integrated with education sector, helps to tap new opportunities of an enhanced learning process and student engagement. With the use of artificial intelligence and cloud technologies, the students can get assistance regarding any basic or advanced concept any time they require. This helps students get educational support even after school hours.

The major factors contributing to the growth of AI in education is the growing adoption of automation technology, which helps in reducing the time and paperwork required for administrative tasks such as grading, admission process, and others which helps the professors to utilize this time for lesson planning and focusing on individual student. Adding to this, integration of AI offers customized and interactive software and services according to each student’s need, which helps him/her to understand the concepts in a better way. By adopting the cloud deployment for AI in education market, the services provided become feasible, scalable, and cost-effective.

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Key players

The prominent players in the market of AI in education are, IBM Corporation (US), Microsoft Corporation (US), Google (US), Amazon.com, Inc., (US), Cognizant (US), Pearson (UK), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar, Inc., (US).

Other players in the market include Knewton, Inc., (US), Metacog, Inc., (US), Querium Corporation. (US), Century-Tech Ltd (UK), Blackboard, Inc., (US), Third Space Learning (UK), Quantum Adaptive Learning, LLC (US).

Regional Analysis

The global market for AI in education is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of AI in the education market is studied for North America, Europe, Asia-Pacific and the rest of the world.

North America is expected to emerge as the leading region for AI in education during the forecast period on the grounds of early adoption of technical advancements such as cloud technology, artificial intelligence, and machine learning. Additionally, majority of solution providers of AI in the education sector are from North America. Furthermore, well-established economies provide help in funding the study of emerging technologies such as digital learning and AI. Asia-Pacific is expected to grow at a significant rate due to increased adoption of cloud-based technologies owing to government policies and regulations to support digitization and automation. Also, increasing adoption of digital technologies for learning in countries such as China, India, and Japan in the education sector helps to enhance the learning process and increase student engagement.

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