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Thursday, May 27, 2021

Data as a Service (DaaS) Market Research Report Forecast to 2027

Market Overview

According to Market Research Future (MRFR), the global data as a service (DaaS) market is projected to achieve USD 12 billion at a CAGR of 39% from 2020 to 2027 (forecast period). The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry.

Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer. DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data.

Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves. Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.

Market Dynamics

The factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics. In addition, the industry is also driven by the increased adoption of cloud-based services in enterprises. Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry. The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) that could potentially impede the market growth.

Cloudera has extended its Altus Data Science platform as a service offering to the Azure cloud. This development will preserve business metadata and security and governance policies so that they can be implemented through data processing and data analytics workloads in the cloud.

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Market Segmentation

The global data as a service market has been segmented into deployment, organization size, end-user, pricing model, solution, and professional services.

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

By organization size, the global data as a service market has been segmented into small and medium enterprises and large enterprises.

By the end-user, the global data as a service market has been segmented into BFSI, healthcare, retail, manufacturing, media & entertainment, transportation, IT & telecom, and others.

By pricing model, the global data as a service market has been segmented into volume-based pricing model and data type-based pricing model. The volume-based pricing model includes quantity-based pricing and pay per use pricing.

By solution, the global data as a service market has been segmented into disaster recovery and backup solutions, test data management, data warehousing, data migration, and others.

By professional services, the global data as a service market has been segmented into implementation & deployment, support & maintenance, and consulting.

Regional Analysis

The geographical analysis of the global data as a service market is studied for North America, Europe, Asia Pacific, and the rest of the world.

North America is expected to lead the data as a service (DaaS) market during the forecast period. North America has a large amount of unstructured data gathering due to the digital revolution in the commercial and industrial sectors. Furthermore, the early adoption of cloud-based deployment services in North America has made it easier for industrial verticals to opt for big data analytics to re-structure business functions and strategies.

With rapid advances in data as a service, Asia Pacific is expected to expand at a significant pace during the forecast period. With the growing acceptance of cloud-based services and tremendous opportunities across companies in Asia Pacific countries, there is greater scope for advancement in the data as a service (DaaS) market.

Key Players

The industry giants in the data as a service are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Alibaba Group Holding Limited (China), Facebook, Inc. (U.S.), Fair Isaac Corporation (U.S.), Google Inc. (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), Bloomberg Finance L.P. (U.S.), Mastercard Advisors LLC (U.S.), LinkedIn Corporation (U.S.), and LexisNexis Corporation (U.S.).

Other participants in the market include comScore, Inc. (U.S.), Dow Jones & Company, Inc. (U.S.), FirstRain, Inc. (U.S.), Equifax, Inc. (Canada), Experian plc (Ireland), Twitter, Inc. (U.S.), Verizon Communications, Inc. (U.S.), SAS Institute Inc. (U.S.), Acxiom Corporation (U.S.), and EMC Corporation (U.S.).

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Mobile Value-Added Services (MVAS) Market Research Report - Global Forecast till 2027

Overview

The mobile value-added services (MVAS) market is anticipated to witness healthy growth from 2020 to 2027, a research report suggests. Growing at a CAGR of 15.3%, the market is projected to reach US$309.1 billion by 2027. The rising numbers of various MVAS subscribers is expected to support the market growth along with the growing market landscape. As predicted by analysts, the lack of technical expertise will negatively affect the market’s performance from 2020 to 2027. During the forecast period, the market will be supported by the need for customized value-added services and innovative customized mobile apps.

The lack of skilled human resource on the other hand will challenge telecom services sector based organizations functioning in the global mobile value-added services (MVAS) market. Analysts have split the market into product, regions, store, type, and vertical segments based on products and services. Telecom services based companies have been profiled. Demand and supply gaps is set to affect the global market during the forecast period 2020 to 2027. The report also provides the market’s performance forecasts till 2027. Strategies of telecom services based companies are studied. The telecom services sector itself is supported by the growing urbanization as well as technological advancements. During the forecast period 2020 to 2027, the mobile value-added services (MVAS) market is set to witness a health growth across product, regions, store, type, and vertical segments as well as regional markets.

COVID-19 Analysis

Despite the COVID-19 disruption, the mobile value-added services (MVAS) are still garnering significant market prominence. Pre pandemic, the MVA services were already having a big impact on the telecom industry. The pandemic accelerated digitization and increased remote activities, and impacted corporate spending on ICT networks and services. This, as a result, has increased investments in the mobile value-added services industry.

The COVID-19 crisis brought a dramatic shift in consumer behavior from public spaces and physical meetings to digital interactions. The transition in the healthcare sector is even more pronounced, with 245% surges in telemedicine usages. It is expected that these changes would outlast the pandemic, marking a permanent shift in health-seeking behavior. The pandemic has also highlighted the crucial need for mobile value-added services in public health messaging.

Industry players worldwide are efficiently providing digital communications infrastructure to governments and health authorities. The MVAS messaging ecosystem empowers healthcare providers to send out real-time public health notifications and enables citizens to use different mobile channels to make appointments for COVID-19 tests and other services. Resultantly, the global mobile value-added services market has begun to garner traction, witnessing continually increasing investments.

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Market Segmentation

The telecom services sector has seen growth across product, regions, store, type, and vertical segments owing to the presence of untapped market opportunities and favorable government policies. To study the market, analysts have further segmented product, regions, store, type, and vertical into data, short message service (SMS), voice, and other value-added services on the basis of type. The market is further segmented into product sub segment which is split into email and IM, mobile advertising, mobile commerce, mobile games, mobile music, mobile wallet, and others. Additionally, the mobile value-added services (MVAS) market on the basis of store is segmented into Google Play, App Store, and others. Based on industry verticals, the market is further segmented into banking, BFSI, government, healthcare, IT & telecommunication, media & entertainment, retail, and others.

The segmental analysis presented in the report provides telecom services field based organizations insights into key growth factors such as the increasing awareness among consumers as well as challenges such as the lack of investments in R&D the market will face from 2020 to 2027. Technological developments and the rising numbers of various MVAS subscribers are some of the key factors having an influence on telecom services industry based companies, suggest analysts as per the mobile value-added services (MVAS) market report. But the report also identifies the lack of investments in research and development and the shifting preference for cheaper alternatives as major threats companies in telecom services will face till 2027.

Regional Overview

Telecom services market based companies in the mobile value-added services (MVAS) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. A rise in the disposable income will be a key growth driver for regional markets. However, the growing penetration of alternatives in the market will turn out to be a threat. For the forecast period 2020 to 2027. Each of these regional markets are studied in the report. Starting from North America, the regional market and telecom services vertical based companies are spread across the United States, Mexico, and Canada.

The lack of developed infrastructure will turn out to be a major challenge from 2019 to 2025. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the increasing preference of consumers as well as the growth of communication channels, suggests the report. Similarly, the telecom services sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the mobile value-added services (MVAS) market covers the Middle East and Africa. The global mobile value-added services (MVAS) market forecasts based on the findings are presented for the forecast period till 2027.

Competitive Landscape

The global mobile value-added services (MVAS) market research report brings a comprehensive study of product, regions, store, type, and vertical market segments, regional analysis, and telecom services vertical based company details of key players. As the forecast period 2020 to 2027 will bring new opportunities for the market owing to the rising industrialization and the surging usage across different industries, the market is set to grow at a compound annual growth rate of 15.3% and is predicted to reach a value of US$309.1 billion by 2027. With SWOT analysis of telecom services sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as dynamic policies and regulations and the high cost deployment and maintenance, companies in the telecom services sector can change the way business is done.

Industry News

SINA Corporation, a major online media platform and value-added information service provider for Chinese and global Chinese populations, reported today that it has reached an agreement to buy Crillion Corp, one of China's leading mobile value-added service providers. SINA would acquire two million paid subscribers as a result of the deal, solidifying its leading position in China's mobile value-added content segment. Crillion, based in Shenzhen, collaborates with job centres across China to provide job referrals to a large number of job seekers through wireless short messaging service ("SMS").

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Security Operations Center (SOC) Market Research Report - Global Forecast till 2027

Several enterprises have taken up the objective of regularly monitoring security; this development is estimated to contribute positively to the security operations centre market 2020. The IT security reports are made by Market Research Future, which includes market options for progress. A CAGR of 10.31% is estimated to further the growth of the market in the forecast period.

The operative discovery of cyber threats and the relationship of the prevailing susceptibilities in the system are projected to increase the security operations centre market size further. Moreover, the bring-your-own-access (BYOA) to intensify employee productivity and satisfaction is predicted to enhance the security operations centre market in the forecast period.

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Segmental Analysis

The segmental investigation of the security operations centre market has been conducted based on organization size, model, vertical, service, and region. Based on the service, the security operations center market has been segmented into information security incident response service, security monitoring service, digital forensics and malware analysis service, threat & vulnerability identification, risk reporting & analytics service, and others. On the basis of the model, the security operations center market has been segmented into outsourced SOC and in-house SOC. Based on the organization size, the security operations center market has been segmented into large enterprises and SMEs. Based on the vertical, the security operations center market has been segmented into government, BFSI, oil & gas, IT & telecom, healthcare, retail, travel & tourism, aerospace and defense and others. On the basis of regions, the security operations center market has been segmented into namely North America, Europe, Middle East, Asia-Pacific and Africa.

Detailed Regional Analysis

The regional investigation of the security operations center market has been segmented into North America, Europe, Middle East, Asia-Pacific and Africa. The North American region was accountable for the leading segment in the global security operation center market. It is estimated to control the market for the duration of the forecast period. The collective need to screen, notice, explore, and counter cyber threats is the significant encouraging factor for the progress of the security operations center market in North America.

Competitive Analysis

The trends prevalent in the market are contributing substantially to the market’s progress. The market contenders are estimated to support the growth enabling factors and thus are estimated to pull the market out of the depression due to the ongoing global pandemic. The focus on accelerating growth is estimated to take the main stage in the forecast period. The need to effectively engage customers in all of their geographical markets is estimated to help the market overcome the hindrances being faced currently. The market is predicted to guide its future growth with the inclusion of a balance of innovation and continual product enhancement. Besides, the need to ensure that the long-term sustainable growth goals are not comprised due to the current difficulties is foreseen to be extremely important for the market stakeholders. The need to establish a unique advantage in the market is reviewed to have a substantial influence on the global market.

The eminent contenders in the security operations center market are Symantec Corporation (US), Alertlogic (US), Raytheon Company (US), Dark Matters Inc. (UAE), Capgemini SE (France), Cisco Systems Inc. (US), Secureworks Inc. (US), Digital Guardian (US), Fortinet Inc. (US), AT&T (US), Netmagic Solutions (India), Rapid7 (US) and F5 Networks Inc.

Industry Updates:

Jan 2020 Cygilant, a supplier of Cybersecurity-as-a-Service to mid-sized organizations, pronounced that it has joined with the Modern SIEM, LogPoint, and UEBA Company. The mixture of LogPoint’s market-major Security Information Event Management (SIEM) solution with Cygilant’s Cybersecurity Advisors (CSAs), computerized tools, fully-staffed Security Operations Center (SOC), and SOCVue Platform can directly help increase a company’s security position by offering access to real-time data analysis, collection, and remediation recommendations.

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Fitness App Market Worldwide Analysis, Top Manufacturers, Business Growth, Future Scope, Market Trends, Industry Size, Competitive Landscape, Development, Business Outlook And Global Analysis To 2027

Market Overview

The global fitness app market is expected to exhibit a strong 31.25% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global fitness apps market is studied in great detail in the latest report from Market Research Future (MRFR), which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global fitness apps market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2022 are presented in the report. Leading drivers and restraints operating on the global fitness apps market are examined in the report. The impact of these major drivers and restraints on the global fitness apps market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global fitness apps market are also profiled in the research report. The competitive landscape of the global fitness apps market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global fitness apps market.

A fitness app is a software application that can be downloaded on any mobile device, such as a smartphone or a tablet. These apps are designed specifically to assist users with exercise and other types of physical training, nutrition and diet, health tracking, or any other related fitness concerns. The fitness apps market is driven by the increased use of mobile applications, rising adoption of sports and fitness applications for monitoring activities and fitness parameters such as the heart rate, and the growing demand for wearable fitness devices. Smartphones have become an essential aspect of a human’s social security and physiological wellbeing. A mobile application is a software application that is designed to run on mobile devices, such as smartphones, wearable devices, and tablet computers. Such applications have emerged due to the convergence of media, the Internet, and advanced technologies.

In recent years, people have changed the way of managing important elements of their life, including health, by using various health and fitness applications on their mobiles. Mobile health apps are referred to as mHealth apps. These apps operate on Android, Windows, and iPhone operating systems (iOS). There are thousands of health and fitness apps available for download on the Google Play Store. Nowadays, due to busy schedules, evolving health and fitness measures, and the ease of use, fitness apps can be downloaded and used either for a few dollars or for free. Such apps offer health benefits as they enable users to stay fit by maintaining their weight and guiding them through exercises as per their comfort and convenience. They also help users benefit from the range of diet plans to suit their body types. Hence, an increase in the use of mobile applications has led to a rise in the adoption of various fitness apps for maintaining a healthy lifestyle. However, the high cost of fitness apps is expected to hamper the market growth. The digitalization of the healthcare industry in developing countries creates growth opportunities for the global fitness app market during the forecast period.

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Competitive Leaderboard:

Leading players in the fitness apps market include Grand Apps, Asics Corporation, Azumio Inc., Wahoo Fitness, Under Armour Inc., Adidas AG, Nike Inc., Lenovo Group Ltd., TomTom International BV, Samsung Electronics Co. Ltd., and Google LLC.

Segmentation:

The global fitness apps market is segmented on the basis of type, platform, device, type, and region.

By type, the global fitness apps market is segmented into workout and exercise apps, disease management, lifestyle management, nutrition and diet, medication adherence, and others.

By platform, the global fitness apps market is segmented into Android, iOS, and Windows.

By device type, the global fitness apps market is segmented into smartphones, tablets, and wearable devices.

Regional Analysis:

North America held a dominant 38% share in the global fitness apps market in 2018. The market was valued at USD 16.82 billion and is expected to exhibit a strong 28.35% CAGR over the forecast period.

Covid-19 Impact:

A fitness application or app is a software solution used for its various health-oriented functionalities that help individuals in setting up duration-bound fitness goals, monitoring calorie consumption, collecting workout ideas, and the determining the individuals’ current health status. Fitness apps are designed to work specifically on smartphones since they are the most commonly used handheld devices today.

The number of coronavirus infected patients is rising rapidly across the globe, which, in turn, has forced the government authorities to enforce lockdown to prevent further spread. This has resulted in the majority of the human population staying at home to protect themselves from the disease. Moreover, the pandemic has resulted in severe losses to the companies that are part of verticals such as airlines, oil & gas, automobiles, tourism, food & beverage, and so on. But this is conversely applicable to the fitness app market. Fitness app companies have been trying to innovate their applications by user engagement through workout and fitness awareness programs. In the United States, the average time spent by an individual on a fitness app has gone up from approximately 15 hours a week in 2019 to 25 hours a week during this lockdown. The Aarogya Setu app launched by the government of India in April 2020 has recorded about 98 million downloads. About 1.4 lakh users have been alerted about potential infection risks.

Application development companies are launching fitness apps that help users in their workout regime without the use of gym equipment. Also, the developers are now offering fitness as well as healthcare applications. For instance, the fitness app ‘Strava’ provides advice on optimization of heart rate-focused workout sessions and cross-training, among other functionalities, based on the users’ experience of workouts. Furthermore, another fitness app—Runtastic, is offering its users a 3-month free trial.

Several such initiatives and focused digital marketing strategies are expected to bring lucrative opportunities to the fitness app market, considering the current market conditions.

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Online Travel Market Sales Revenue, Worldwide Analysis, Competitive Landscape, Future Trends, Industry Size and Regional Forecast To 2027

Market Overview

Amidst the terror of COVID-19 and subsequent plunge in online travel stocks, Tracxn-a AI enabled business analytics software platform identifies the potential driver of travel start-ups. Lyric, a platform that focuses on booking of serviced apartments, its value is observed to surge and is pinned as the most promising platform that can bolster the online travel market.

Vacation rentals and hostel bookings are lucrative segments of the online travel market. While flight and train reservations drop and their rate of cancellation rises, the online travel market is expected to undergo a temporary slowdown. Pandemics are uncertainties and the travel sector is at stake whose improvement in stock figure can only be reflected with cure for the pandemic.

Market Research Future (MRFR), in its latest “Online Travel Market” report, discusses the future of online travel market. As per MRFR, the online travel global market value is estimated at USD 1,134.55 Bn against 13.16% CAGR by 2027.

The days of long lines and “closed” awfulness are bygones. In the early 20^th century, the wave of online travel has bought sheer satisfaction to people. The innate inclination of people towards convince was tapped and the online travel solutions experienced high demand. In the coming years, online travel services will have no alternatives but only witness upgradations.

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Covid-19 Impact

The global financial crisis and the lack of consumer spending post the COVID-19 outbreak has created a significant threat for the travel intermediaries. The negative impact on airline and lodging bookings has compelled the travel companies to stop their operations completely and also lay off employees in the past month. As stated by the CEO of Booking Holdings, online travel has suffered two recessions in the past, but the market growth has been hit the hardest due to this outbreak. As analyzed, some of the largest public online travel agencies are likely to lose more than USD 12 billion in revenue due to the 2020 Coronavirus outbreak, and the amount can even reach up to USD 20 billion in case the number of cases goes up in coming months. The pandemic has severely affected the North American and European countries. These countries are witnessing a decline in business. At the same time, Chinese online travel agencies (OTAs), although at a sub-optimal level, are slowly resuming operations.

The largest business firms are suffering massive losses, while small businesses are doing marginally better and are slowly recovering. The rapid spread of the Coronavirus across Europe, Asia, and North America and the uncertainty of travel trends have led to the Expedia Group, Inc. having to withdraw its full-year EBITDA 2020. With no visibility of better conditions ahead, the company has suspended reshare purchases to ensure complete and additional flexibility for the future.

As per MRFR analysis, the impact of COVID-19 on the online travel industry is quite high and is likely to remain the same during the coming months. Even after the situation reverts to normal, the industry will continue to follow the norms of social-distancing. The industry cannot expect the same quantum of airline and lodging bookings as before. It is expected that the prices will increase considering how important it is for the customers to travel. This will, in turn, result in increased cash flow in the market, thereby creating opportunities for the OTAs across the globe.

The growing awareness about benefits of online travel have laid the ground work for the emergence of online travel start-ups. Cost-cutting in marketing is one such advantage. Online travel websites eliminate the need for the tradition marketing techniques by the distribution of leaflets and pamphlets. Hence, the economic method of publicizing travel packages have and will gain considerable traction for online travel in future.

The high penetration of digitalization is likely to shore up the online travel market growth. Previously, people were concerned about the high expense of online reservations due to costly data packages. Lately, the evolution of the telecom sector has contribute significantly to the expansion of the online travel market. Plunge in data price and the availability of robust internet suppliers can thrust the online travel global market.

The establishment of reliable payment gateway system has also promoted the growth of online travel market. The online travel markerters deployed trusted payment gateways, which developed customer transparency. The retention of brand loyalty and expansion in customer base are other drivers of the online travel market.

The aesthetic appeal of a website can persuade people over the conventional techniques. The constant flash of recent searched travel packages on search engine and e-commerce website often result in the psychological manipulation and direct traffic to online travel marketer’s page. In addition, the fluctuations in price and discounts on travel package can be monitored effectively by customer, online. This is also likely to prompt the expansion of the online travel market.

The invasion of COVID-19 has hampered the expansion of the travel industry. However, with the availability of better digital solutions, technologies disrupting the telecom market, rise in smartphone ownerships, and the introduction of robust wireless connectivity solutions can improve the impetus of the worldwide market of online travel.

As per the regional study of MRFR, the online travel market in North America can value at USD 192.46 Bn against 11.8% CAGR by 2027. Europe online travel market estimate at USD 178.72 Bn at 12.0%. CAGR in the forecast period. Asia Pacific online travel market to rise at 15.9% CAGR by 2027. The above mentioned factors are identified as potential drivers for the global market. As the effect of the pandemic subsides, the online travel market will gain momentum.

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Online Travel Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

Online Travel Market Report: By Platform Type (Mobile/Tablets Based, Desktop Based) Mode of Booking (Online Travel Agencies, Direct Travel Facilitators) Service Type (Transportation, Accommodation, Vacation Packages) - Global Forecast till 2027

Market Overview

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Fitness App Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast To 2027

Global Fitness App Market Research Report: Information By Type (Workout and Exercise Apps, Disease Management, Lifestyle Management {Sleep Tracker and Period & Ovulation Tracking}, Nutrition & Diet, Medication Adherence and Others {Meditation and Brain Training Apps}), By Platform (Android, iOS and Windows), By Device Type (Smartphones, Tablets and Wearable Devices) - Forecast till 2027

Market Overview

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Competitive Leaderboard:

Segmentation:

The global fitness apps market is segmented on the basis of type, platform, device, type, and region.

By type, the global fitness apps market is segmented into workout and exercise apps, disease management, lifestyle management, nutrition and diet, medication adherence, and others.

By platform, the global fitness apps market is segmented into Android, iOS, and Windows.

By device type, the global fitness apps market is segmented into smartphones, tablets, and wearable devices.

Regional Analysis:

North America held a dominant 38% share in the global fitness apps market in 2018. The market was valued at USD 16.82 billion and is expected to exhibit a strong 28.35% CAGR over the forecast period.

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shweta's collections blog

Thursday, May 27, 2021

Data as a Service (DaaS) Market Research Report Forecast to 2027

Mobile Value-Added Services (MVAS) Market Research Report - Global Forecast till 2027

Security Operations Center (SOC) Market Research Report - Global Forecast till 2027

Fitness App Market Worldwide Analysis, Top Manufacturers, Business Growth, Future Scope, Market Trends, Industry Size, Competitive Landscape, Development, Business Outlook And Global Analysis To 2027

Online Travel Market Sales Revenue, Worldwide Analysis, Competitive Landscape, Future Trends, Industry Size and Regional Forecast To 2027

Online Travel Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

Online Travel Market Report: By Platform Type (Mobile/Tablets Based, Desktop Based) Mode of Booking (Online Travel Agencies, Direct Travel Facilitators) Service Type (Transportation, Accommodation, Vacation Packages) - Global Forecast till 2027

Fitness App Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast To 2027

The Unsung Hero: The Importance of Hydraulic PVC Clamps for Your Systems

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