Knowledge Management Software Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2023

 Global Knowledge Management Software Market, By Type (Mobile – Android Native, Mobile - iOS Native), By Deployment Type (On Premises, Cloud, Hybrid), By Organization Type (Small & Medium Scale Enterprise, Large Scales Enterprise), By End-Users- Forecast 2023

Market Overview

Market Research Future (MRFR), in its latest study on the knowledge management software market 2020, reveals factors that are likely to favor and hinder the expansion of the market. Along with this report, a detail evaluation of the knowledge management software market performance in COVID 19 pandemic is also provided. As per MRFR analysis, the global knowledge management software market can thrive at 12% CAGR in the forecast period (2017-2023). The knowledge management software market value can exceed USD 33 Bn on the conclusion of the assessment period.

The increase in the need for data analysis across verticals and its growing importance is expected to underpin the expansion of the knowledge management software market across the analysis period. Different industries are adopting such technologies for the better handling of respective markets and their internal environment. The growing need for knowledge management software to create, identify, represent and redistribute information for suitable purposes across different sectors can impel the expansion of the knowledge management software market. The major boost to improve customer experience obtained from the integration of the software can also boost the growth of the market in the years to come.

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Segmental Analysis

The segment evaluation of the global knowledge management software market is based on type, organization type, deployment type, and end- users.

The type based segments of the knowledge management software market can are mobile android native and mobile - iOS native, and others.

The deployment type based segments of the knowledge management software market are on-premises, hybrid, cloud, and others. Increase in cloud deployment of the software can boost the expansion of the market in the years to come.

The organization type based segmenst of the knowledge management software market are large scales enterprise and small & medium scale enterprise (SME).

The end-users based segments of the knowledge management software market are pharmaceuticals, manufacturing, banking, government and defense, financial services and insurance (BFSI), and IT & telecommunication among others.

Regional Analysis

In North America, the high demand for target-specific information that allows rapid expansion of businesses is likely to spur the regional knowledge management software market development in the years ahead. The ability of knowledge management software to provide a single window that aids in the creation, management, and redistributed of content via search tools and its growing awareness among the tech-savvy people of the region can bolster the expansion of the US knowledge management software market. In APAC, the high utility of knowledge management software as it makes data fetching seamless for users is expected to underpin the rise of the regional market. The software aids in the easy gathering of knowledge and assists in saving time and make high profit at the same time. These features are gaining knowledge management software high popularity among the rise in the number of SMEs in India and other developing regions of APAC. This can impel Asia Pacific knowledge management software market through the study period. In EU, the wide range of application of knowledge management software due to its features, such as; easy knowledge base updating process, accuracy, consistency, and better knowledge distribution can cause the market in EU to surge in the near future.

Competitive Analysis

Bitrix, Inc. (U.S.), ProProfs (U.S.), Atlassian Corporation Plc (Australia), Callidus Software Inc. (U.S.), EduBrite Systems Inc. (U.S.), Freshworks Inc. (U.S.), Lucidea (Canada), MangoApps Inc. (U.S.), Yonyx Inc. (U.S.), eXo Platform (U.S.), and others are some notable players of the knowledge management software global market listed by MRFR.

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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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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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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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Cognitive Analytics Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2023

 Cognitive Analytics Market, By Technology (NLP, Machine Learning, Automated Reasoning) By Deployment (Cloud, On Premise), By End User (SMEs and Large Enterprises) and By Vertical - Forecast 2023

Overview

Cognitive analytics is an emerging technology, which is witnessing a rapid uptake. Market Research Future (MRFR) forecast that the global cognitive analytics market will witness an above-average growth over the next several years. A number of technology companies with diversified businesses provide cognitive analytic services. Enterprises use cognitive analytics for gaining mission-critical insights such as consumer behaviour and marketing insights. Such insights help is creating a robust growth strategy and troubleshoot exiting issues.

The ever-increasing volume of data, which requires efficient processing and real-time analysis is a prime drive of the market. For businesses, real-time analysis of the data can help optimise business processes. The IoT boom and increased penetration of internet are some of the factors that are linked with the endless piling of unstructured data. Cognitive analytics is an effective tool though which large volumes of data are dissected for obtaining information that can help in making inform-decision in real time.

Advances in artificial intelligence, natural language processing, machine learning and cognitive computing has helped making cognitive analytics a prudent analytical tool. It is capable of simulating human thought to identify preferences and forecast behaviour. Such factors are driving the popularity of cognitive analytics across various industry verticals. Business can leverage the gathered analytical insights to identify long term and short-term trends. In addition, cognitive analytics also helps business to derive hidden information from divers set of data. Such competences allow businesses to better prepare for incoming inferences. The future is expected to be extremely bright for cognitive analytics as the technology evolves further.

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Segmental Analysis

MRFR’s report includes a comprehensive segmental analysis of the market, which is based on technology, deployment, end user and vertical.

On the basis of technology, the market has been segmented into Natural Language Processing (NLP), Machine Learning, Automated Reasoning and Others. Segments such as machine learning and natural language processing is expected to remain highly attractive during the projection period.

On the basis of deployment, the market has been segmented into On Premise and Cloud. On the basis of end user, the market has been segmented into SMEs and Large Enterprises. On the basis of vertical, the market has been segmented into BFSI, Healthcare, Consumer Electronics & Retail, Education & Retail, IT & Telecommunication, Travel & Tourism, Aerospace & Defense, Oil & Gas and others.

Regional Analysis

MRFR’s report covers the market across North America, Europe, the Middle East & Africa (MEA), Latin America and Asia Pacific (APAC). North America has emerged as the standout market for cognitive analytics. Countries such as the U.S. and Canada are technological advanced and present significant growth opportunities to market players. In addition, the growing need for real time analysis of large cluster of data in various sectors in the region is influencing the adoption of cognitive analytical solutions. North America is likely to retain its leading position over 2023. Meanwhile, lucrative opportunities are expected to come up in APAC in the forthcoming years, making it an important destination for market players.

Competition Analysis

Some of notable companies operating in the global market for cognitive analytics include IBM Corporation (U.S.), Nokia Networks (Finland), ColdLight Solutions (U.S.), Enterra Solutions LLC (U.S.), Vicarious (U.S.), Google, Inc. (U.S.), Saffron Technology (U.S.), Numenta (U.S.), Microsoft Corporation (U.S.) and CognitiveScale (U.S.) Many of these market players are actively focusing on product innovation and introduction of novel products in order to improve product portfolio. Merger and acquisition activities are expected to remain a key industry trend during the forecast period. Such strategies are being implemented by market players to boost their market footprint.

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Virtual Classroom Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

 

Global Virtual Classroom Market, By Type (Teleconferencing, World Wide Web), By Service (Managed Service, Professional Service), By Deployment (Cloud, On-Premise), By Application (IT & Telecommunication, Professional Services) - Forecast 2023

Overview:

A virtual classroom, an online learning environment allows participants to communicate, view presentations or videos, and engage with resources in work groups, interacting with one another. Software applications of the virtual classroom often employ multiple synchronous technologies, such as video conferencing, web conferencing, web-based Voice over IP (VoIP), and live streaming to provide remote participants with the ability to collaborate in real-time. These applications also provide students or participants with asynchronous communication tools, such as message boards and chat capabilities, enhancing the educational process further.

The proliferation of mobile learning applications along with the enhancing professional expertise with technology and digital learning are some of the key driving forces pushing the growth of the virtual classroom market.  Besides the surging uptake of the virtual classroom, worldwide, is escalating its market to the ascending heights on the global platform.

Acknowledging the phenomenal accruals, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global virtual classroom market will reach approximately 12 BN USD by 2023, registering a CAGR of 10 % between 2017 and 2023.

The proliferation of mobile phone users along with the rising popularity of social network fuels the virtual classroom market. Virtual classroom enables companies to conduct the long-distance meeting and make strategic decisions also. The teleconferencing systems that comprise of dial-in access facilities and toll-free service help employees to schedule meetings on short notice. Such unique features that virtual classroom offers, drive market growth.

Simultaneously, the implementation of information technology (IT) in the education sector is driving the virtual classroom market, witnessing an upsurge in adoption across educational institutes. Augmented uptake of virtual classroom across the world has helped the market growth to increase, encouraging huge investments from the industries & corporate sectors for the L&D and training purposes.

Additional factors substantiating the growth of the virtual classroom market include increasing urbanization, population, technological advancements, and improving economic conditions, worldwide. Growing demand for distance education coupled with government initiatives to introduce smart education programs is providing impetus to the market growth to an extent.

Collaborations between hardware vendors and educational content providers are contributing to the growth of the virtual classroom market. Furthermore, the market proliferation of handheld devices along with the increasing demands by corporate for employee-training programs are propelling the market growth.

Conversely, imposed stringent regulations & policies along with the data storage issues are expected to hinder the market growth slightly.  Nevertheless, the massive demand for training & development programs, especially from corporate sectors are expected to boost the growth of eLearning Virtual Reality market during the forecast period (2017 – 2023)

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Segmentation

The MRFR analysis is segmented into six key dynamics for the convenience of the report and enhanced understanding;

By Type: Teleconferencing, Combination of Teleconferencing and World Wide Web among others.

By Service: Managed Service and Professional Service among others.

By Deployment: On- Cloud and On-Premise

By Application: Government, Enterprise/Business Education, Professional Services, Healthcare, IT & Telecommunication and                                     School & College among others.

By Organization Size: Small, Medium and Large Organization

By Regions:  North America, Europe, APAC and Rest-of-the-World.

Regional Analysis

The North America market leads the global virtual classroom market with the largest market share, mainly due to the augmenting demand for cutting-edge technology solutions for training & development purposes across education as well as corporate sectors. The investments& increasing expenses transpiring in the field training coupled with the wide uptake of Virtual Reality. 

While the rapidly surging Europe market for the virtual classroom is expected to register a strong CAGR during the review period.

The virtual classroom market in the Asia Pacific is emerging as one of the promising markets, growing rapidly. Additionally, the rapidly growing markets in India, China & Japan backed by the presence of a large number of vendors & product (hardware) manufacturers coupled with the increasing number of educational institutions in the region are supporting the growth of APAC market. 

Competitive Analysis

The market appears to be highly competitive and diversified with the presence of giant technology providers, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies, and product Launch to gain a competitive edge in the market. 

Key Players:

SAP SE (Germany), BrainCert (US), Docebo (Italy), Skyprep (Canada), Saba Software (US), Oracle Corporation (US), Brainier (US), Edvance360 (US), Bluevolt (US), and Canvas (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the global virtual classroom market.

Industry/Innovation/ Related News:

August 01, 2018 – The Excel Virtual Academy (US) a public school that was created to provide a high-quality education with flexible and individualized learning opportunities launched a virtual classroom with blended learning - online learning with face-to-face instruction. The virtual program has been created to give students a new learning opportunity.

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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/quality-management-software-market-business-revenue-future-scope-market-trends-key-players-and-forecast-to-2023-60644c2430f3613ff2099250