IoT Device Management Market Business Tactics, Company Profile & Growth Forecast Till 2025

The global IoT device management market features an increasingly fragmented landscape, finds Transparency Market Research (TMR). This is attributed to the presence of large numbers of players in the IoT device management market who are constantly adopting strategies to strengthen their shares. Constant entry of product developers and technology players over the past few years has upped the ante for incumbent players in the market. TMR observes that top players in the global IoT device management market are investing sizeable sums on research and development to consolidate their positions. A number of them have been also acquiring new companies with core competencies in communication technology, which might confer substantial gains to them in the coming few years.

Some of the top players in the global IoT device management market are Oracle Corporation, Intel Corporation, IBM Corporation, Robert Bosch GmbH, and Google LLC.

The global IoT device management market is projected to clock a phenomenal CAGR of 31.5% during 2017 - 2025.

Among the various deployment types, public cloud accounted for the major share in 2016 in the IoT device management market. The prominence could be attributed to the extensive uptake among enterprises and consumers in the end-use industries. Moreover, the attractiveness of IoT device management for public clouds hinges on their cost-effectiveness.

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Regionally, North America led the global IoT device management market by holding the dominant share in 2016. The growth is driven by substantially rising uptake of smart industrial and automation technology in manufacturing and healthcare applications. However, Asia Pacific is likely to emerge with the most attractive CAGR over 2017–2025.

Ever rising Numbers of IoT Devices in Industrial Applications drives Demand

The staggering rise in numbers of IoT devices in numerous industrial sectors, coupled with growing complexity of IoT security, is a key factor on which the evolution of the IoT device management market has pivoted on. Rapid strides in industrial IoT verticals of Industry 4.0. have increasingly bolstered the uptake in recent years. The IoT device management market is propelled by rapidly rising uptake of IoT-enabled technologies and devices.

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CCTV Camera Market Comprehensive Study Explored In New Research With Key Players

The global market for CCTV camera is considered as an extremely competitive in nature, owing to the presence of a large number of players operating worldwide, states a new study by TMR. In the last few years, several new players have entered the market in order to attain a leading position in the market, thus supporting the overall growth. The key players in the market are focusing on enhancements and the development of new products, which is projected to ensure the development of the global CCTV camera market in the next few years. In addition to this, the increasing number of end use industries is another factor that is estimated to ensure the development of the overall market in the coming few years.

The key players that are operating in the CCTV camera market across the globe are Axis Communications AB, Geovision Inc, Pelco Inc, Zhejiang Dahau Technology Co. Ltd., Honeywell International Inc., Toshiba Corporation, Panosonic System Network Co. Limited, Bosch Security Systems, Inc., and Hanwha Techwin Co. Ltd.

As per the research study by TMR, the global market for CCTV camera is expected to reach a value of US$23.32 bn by 2025. The market is expected to register a 12.70% CAGR between 2017 and 2025. The CCTV camera market across North America and Asia Pacific are projected to witness high growth over the next few years. The rising number of security threats and the increasing number of terrorist attacks are the main factors that are projected to encourage the growth of the markets over the next few years. In terms of technology, the analog CCTV camera segment is predicted to observe a high growth in the next few years.

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In the last few years, CCTV cameras have gained immense popularity across diverse application segments, thanks to which the market is projected to witness high growth in the next few years. The rising use of CCTV cameras in hospitals, education institutions, and retail sector is expected to ensure the development of the market across the globe.

There has been a tremendous rise in the number of crimes and the rising terrorist attacks are some of the other factors that are projected to boost the demand for CCTV cameras over the next few years. In addition to this, the rise in the level of awareness among the people concerning the benefits of installing CCTV cameras are projected to support the growth of the market in the next few years.

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Narrowband IoT (NB-IoT) Market Explores New Growth Opportunities from 2020 to 2025

Increases number of competitors to encourage competition in the global narrowband IoT (NB-IoT) market. Key players are deploying this technology to provide faster services to their customers and to gain competitive edge. Some of the noticeable players in the global narrowband IoT (NB-IoT) market are Quectel Wireless solutions Co. Ltd., Vodafone Group plc, u-blox, Etisalat Corporation, Huawei Technologies Co. Ltd., Nokia Corporation, and China Unicom.

Leading players in the market are engaged in strategic decisions such as collaboration, partnership, expansion, and mergers. For example, China Unicom partnered with Huawei to launch NB-IoT based smart parking solution. This partnership will improve the operation management capabilities and efficiency in Shanghai. Other companies are also using this technology in areas and applications.

Significant growth in IoT connections and applications, there are high chances of growth in the global narrowband IoT market. This market is expected to rise at staggering CAGR of 33.12% over the projected period 2017 to 2025. If the market see the growth at this rate, the market valuation is likely to reach US$1.05 bn by 2025.

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Application of narrowband IoT is widely seen in comprise smart agriculture, smart bicycles, smart wearable, smart kids monitoring solutions, engineering truck predictive maintenance solution, logistics and container tracking, and pollution monitoring. Regionally, Europe is likely to be at the forefront in driving demand in the global narrowband IoT market. However, Asia Pacific is also expected to contribute in expanding this market. Increasing investment in development of smart cities in emerging economies has further augmented demand in this market.

Easy Compatibility with Existing Cellular Networks to Expand Market Performance

Globally, the demand narrowband IoT technologies have grown significantly due to its rising application in multiple industries. In addition, high-end network coverage and increased security over LTE cellular technology are expected to further accelerate growth in this market. Narrowband IoT support key and prevalent chipset, mobile equipment, and module manufacturers. It also co-exists efficiently with 3G, 2G, and 4G mobile networks.

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Optical Character Recognition Market to register significant gains over 2020-2025

Considering the presence of numerous players, the global optical character recognition (OCR) market features a highly competitive and fragmented vendor landscape. In this scenario, to outdo their competitors, keen and well-entrenched players could adopt multi-pronged growth strategy.

Among a few growth strategies, competitive pricing is a popular one adopted to draw more consumers. Besides, they are also considering mergers and acquisitions and carefully-crafted alliances to expand their outreach and explore the potential of markets. With a view to consolidate their position, keen participants are vying to add new services to their portfolio.

A new market study by Transparency Market Research (TMR), the global optical character recognition market is predicted to clock an impressive 14.8% CAGR during the forecast timeframe of 2017-2025. Escalating at this rate, the market would be worth US$25.1 bn vis-à-vis revenue by the end of 2025. Based on type, software could account for a key share in the market.

The segment of software comprises desktop based, cloud based, mobile based, and others. The software segment is likely to retain the dominant share buoyed particularly by the banking sector. In terms of region, North America is poised to make a mark while collecting maximum market share. However, Asia Pacific is projected to rise at a faster pace displaying 15.6% CAGR between 2017 and 2025.

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Benefits of Speed and Accuracy Fuel Demand of OCR in Various Industries

The global optical character recognition (OCR) market is gaining due to the need to convert several forms of documentation such as PDF files, digital images, and scanned paper documents into searchable and editable data. The overall document management process has been upgraded in a host of industries. OCR finds extensive acceptance and is widely implemented in business processes as it offers phenomenal speed and accuracy at the same time. Government, education, healthcare, finance, legal, and banking are some key business domain where OCR finds extensive application.

Optical character recognition refers to a technology that has brought about a revolution in the document management process in several business domains such as legal, education, healthcare, banking, finance, and government.

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Mobile Point of Sale Market Trends, Opportunities and Forecast to 2025

Innovative strategies are used by leading players operating in the global mobile point-of-sale market, observes Transparency Market Research. Competition among these players is also expected to rise mainly to strengthen their position in the global market. They are also expected to obstruct growth of small players. Moreover, prominent players are also using different organic and inorganic activities to get larger share and create their dominance among other players. For example, recently square and TouchBistro extended their collaborated to enable process payments. They used Square on the TouchBistro iPad mobile app across the UK.

Other players are also taking substantial steps to increase their shareholding in the global mobile point-of-sale market. Oracle Corp., PAX Technology Ltd., Ingenico S.A., PayPal Holdings Inc., VeriFone Systems Inc., iZettle AB, and First Data Corp.

According to TMR analysis, the global mobile point-of-sale market is expected to rise at staggering 35.40% CAGR over the forecast period between 2017 and 2025. In terms of valuation, the market is likely to touch US$47.7 bn by the end of 2025. In 2017, the market earned US$4.2 bn.

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Based on technology, the demand for EMV chip and pin, NFC, and hybrid technology solutions is comparatively high than others. This growth is attributed to the low cost of devices such as tablets, card swipe dongles, handheld terminals, as compared to cash and register systems. Moreover, higher rate of investment by using these technologies and ease of deployment led demand in these segments. With respect to geography, Europe held maximum share in the global mobile point-of-sale market in 2016. Over the forecast period, this region is likely to maintain to dominance.

Growing demand for mPOS solution by vendors for merchant-related services and significant rise in IoT based services has further led demand in this market. However, Asia Pacific and North America are also expected to hold substantial share in the market in the forthcoming years. Bettering economic condition, urbanization, and growing confidence among customers in this solution is driving demand for mobile point-of-sale in these regions.

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Intellectual Property Services Market Regional Outlook, Competitive Strategies and Forecasts to 2027

• Intellectual property services are specifically designed to protect the rights & privileges of the intellectual property (IP) owner. Intellectual property services provide the user with a quick, effective, and cost-efficient route to protect the user’s trademarks, inventions, or designs across borders.
• Intellectual property services are increasingly adopted by end-users to protect and develop a brand, protect exclusive tenure of their creations, and keep their work private and confidential to maintain and create an advantage in this competitive world.

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Growing emphasis on managing and protecting intellectual property driving the global intellectual property services market

• The management and development of intellectual property has become a major concern for private enterprises, specifically in cultural, artistic, and technology applications. Equitable and efficient intellectual property services can help organizations understand the intellectual property’s potential as a catalyst for cultural and social well-being and economic development.
• Intellectual property assets fuel economic development in numerous ways. Many companies can gain royalty incomes from licensing their IP assets to other parties. For instance, According to the World Intellectual Property Organization (WIPO), the U.S. has earned licensing revenues of approximately US$ 30 Bn from overseas. Similarly, Japan, followed by the U.K. earned US$ 5 Bn to US$ 10 Bn from licensing their IP assets.
• Therefore, organizations emphasize on managing and protecting their intellectual property. Protection for any intellectual property is granted for a restricted period of time, usually 20 years. Thus, growing emphasis on managing and protecting intellectual property is driving the global intellectual property services market.

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Leased Asset Management Solutions Market Technological Innovations and Future Opportunities 2027

Leased asset management solutions can be defined as fully integrated solutions for the management of lease and underlying assets. Leased asset management solutions ensure that cost and space utilization are factored in for performance management; divisions comply with regulatory requirements; and leases are managed according to the terms of the agreement.

The major advantage of a leased asset management solutions is that it ensures compliance, tracking leased equipment, and lease accounting for payable and receivable. This ensures efficiency in management of assets which a company acquires on rent for a long term basis. Due to multiple advantages of leased asset management solutions, the demand for such solutions is expected to rise in the coming future at a healthy CAGR.

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Global Leased Asset Management Solutions Market – Dynamics

Increasing Focus on Digitization Driving Growth of the Leased Asset Management Solutions Market

Growing Demand for Unified Solutions for Leased Asset Management

Unified leased asset management solutions provide capabilities such as site selection and acquisition, payables lease administration and accounting (lessee), receivables lease administration and accounting (lessor), automation in-site acquisition, compliance fulfilment etc.in a complete package. Unified solutions are highly demanded as it automates and unifies various accounting related features in a common context and experience. As a result, enterprises (especially the large ones) these days require a complete package which offers advanced unified solution features. This is expected to drive the demand for leased asset management solutions.

Increasing Adoption of Digitization for Accounting Functions

Across the globe, adoption of digitized tools to manage accounting functions has increased rapidly. Accounting handling software has considerably increased efficiency as well as reduced the chances of error. SMEs are adopting such tools and software at a sizable rate. The adoption from SMEs for accounting and related administrative work is driving the demand for leased asset management solutions.

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