IoT Connected Machines Market Scope Analysis 2020 – 2027

According to a new market report pertaining to the global IoT connected machines market published by Transparency Market Research, the global IoT connected machines market is projected to reach a value of ~US$ 1.3 trillion by 2027, expanding at a CAGR of ~24% from 2019 to 2027. Growth of the IoT connected machines market can be attributed to the high demand for automation in industry verticals. North America is anticipated to lead the global IoT connected machines market, followed by Europe, during the forecast period.

Increasing Use of Cloud Computing Accelerating the IoT Connected Machines Market

IoT can benefit M2M infrastructure with unlimited storage capabilities and resources of cloud to compensate its technological constraints such as processing, storage, and energy. The cloud also offers solutions to implement IoT connected machine service management and applications that can process the data produced. Hence, the increasing use of cloud computing is expected to further lead to the growth of the Internet of Things (IoT) connected machines market.

Cloud computing is a model that was introduced to provide IT services to businesses. The three levels of cloud computing (IaaS, PaaS, and SaaS) cover a huge range of services. Apart from service delivery and computing model of storage infrastructure, various models such as software application, data, and programming are also applicable to cloud computing.

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Increasing Urbanization, Globalization, and Ease of Communication Driving Use of IoT Connected Machines

Urbanization, globalization, and complexity of communication have made consumers more informed with access to product information, and they are able to compare prices and seek reviews. Keeping this in mind, retailers are leveraging IoT connected machines to offer omni-channel experiences. Unlike traditional retail shops that lacked the environment to get real-time information access, information is readily available with retailers, which is enabled by connected devices.

Cities around the world can change the way in which they deliver services to residents, operate public transportation, manage the flow of road traffic, and manage real estate resources, by using network connectivity for collaboration, urban planning, communication, and other activities.

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IT Operations and Service Management (ITOSM) Market foreseen to grow exponentially over 2017 – 2024

As organizations become decidedly clearer about investing in more agile IT infrastructure, players in the IT operations and services management (ITOSM) market are compelled to be highly responsive to this change, a new report by Transparency Market Research finds. To this end, the change in the ITOSM competitive landscape is already evident.

The future of IT operations and service management will increasingly be defined by the sharp focus on an unmatched end-user experience and customer satisfaction – the two proven ways of ensuring that key accounts stay with the service provider.

The global IT operations and service management (ITOSM) market had reached US$17.44 bn in 2015. The market is on pace to exhibit a 6.5% CAGR between 2016 and 2024.

Asia Pacific will be front and center of the global IT operations and service management (ITOSM) market in terms of growth rate. Countries such as China, India, Japan, and South Korea are witnessing rising investor interest in enterprise IT and, subsequently, ITOSM. This trend will manifest in the form of an 8.1% CAGR for the Asia Pacific ITOSM market.

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In spite of the fact that the popularity of big-scale IT has noticeably been high in the large associations, mid and small-sized organizations are as yet not convinced on putting resources into IT operations and service management since they are in constant doubt about the ROI. While this hampers the development of the ITOSM market's development, it is a space where undiscovered opportunities could be found.

In any case, as more associations in the IT and telecom and manufacturing segments compete to stay up to date with the most recent patterns in big business IT, especially cloud computing, the installation of IT operations and service management system is expected to grow,. The requirement for IT application management, management of workload, and configuration is estimated to rise, helping the ITOSM market.

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Online Project Management Software Market Sales and Demand Forecast

According to a new market report published by Transparency Market Research, the global online project management software market is expected to reach a value of US$ 6.68 Bn by 2026 due to the increasing adoption of cloud-based project management solutions. The market is projected to expand at a CAGR of 9.4% during the forecast period from 2018 to 2026. The market in Asia Pacific is anticipated to experience healthy growth followed by Middle East & Africa during the forecast period. Large enterprises segment holds the dominant share in the global online project management software market, due to the increasing adoption of project management solutions across the globe.

Increasing need for efficient project management solutions is driving the global online project management software market

Despite sluggish growth of the economy in some regions and a confined IT budget, companies are purchasing project management software solutions in order to efficiently manage and optimize their project resources. Online project management software helps in gaining visibility of the market, easily turning strategy into an actionable plan to achieve success. In addition, online project management software helps to access real time dashboards anywhere and anytime.

It also helps the project manager to stay up to date regarding the status of reports and ensure that no last minute details are missed. The rising need for cost management is also one of the factors that is expected to drive the online project management market. Online project management software solutions help in the efficient allocation of resources for a specific job, thereby reducing the overall cost. Enterprises in Americas and Europe operate at much higher costs. Therefore, the adoption of project management software solutions in these regions is continuously growing.

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Online Project Management Software Market: Scope of the Report

The online project management software market is segmented on the basis of end-user and geography. The end-user segment has been further classified into small and medium sized enterprises, large enterprises, and government. According to the research study, large enterprises are anticipated to experience flourishing growth during the forecast period. This is mainly due to the fact that large enterprises are heavily spending on IT infrastructure and technologies.

Several large enterprises are also laying emphasis on strengthening their market position by acquiring regional or SME’s across the world. This is further expected to increase the number of projects and activities for companies and project managers. In order to manage and control a large number of projects, organizations are focusing on using online project management software in the near future. Additionally, small and medium sized enterprises are also focusing on investing in IT infrastructure and technologies to enhance their businesses and deliver projects effectively and efficiently with reduced project cost and duration.

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Open API Market Upcoming Opportunities with Top Key Players

An open API (Application Programming Interface) is openly or freely accessible application programming interface that offers developers with programmatic access to proprietary software application. These are the set of requirements that administrate the way an application will interact and communicate with another. Open application programming interface also allows developers to access definite internal functions of a program. Moreover, it aid an individual software to interact with another software. This technology is used both by the developers outside the organization who wish to register access to the interface or developers inside the organization that published the application programming interface. Open APIs are free for everyone to use, backed by open data and are based on an open standard. Some of the well-known open application programming interface are Twilio, eBay and Youtube’s API.

Urgency of creating business models is one of the important factors bolstering the demand of global application programming interface market. APIs are the components that allows diverse platforms, systems and apps to share and connect data with one another. Application programming interface are important for customizing and defining graphical user interface.

Moreover, cloud platform providers too have wide-ranging APIs defined and functions in close collaboration with development partners to tweak the application performance. Customer centric development is another important factor boosting the demand of open application programming interface across the world during the forecast period. Organizations are emphasizing strong focus on the customers demand and are responsible for how the quality of the APIs turns out is important.

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Moreover, growing numbers of third party mobile applications is also an important factor responsible for the growth of the global application programming interface market during the forecast period. If a company’s API is used by the third party developers, it will increase the revenue generation. It helps the API developers to capitalize on their existing assets i.e. hardware and software. It will also help the API providers to reach out to a greater customer base through different partners without experiencing huge distribution cost.

Uncertainty and vulnerability of the third party apps in terms of security is one of the major restraining factors in the global application programming interface market. Since the third party developers gets access to the company’s API, there is an increasing chance of threat levels and opportunities for the cyber criminals to exploit the weaknesses in banking system and online payment. There are intrinsic weaknesses in the APIs that communicate with back- end systems and transfer data. Moreover, continuous exposure to the internet makes them easy to probe. Additionally, insecure web browsers leave the API and UI exposed to attack.

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OSS BSS System and Platform Market to Scale New Heights as Players Focus on Innovations 2019 – 2024

The global operation support system (OSS) and business support system (BSS) system and platform market is poised to witness lucrative growth opportunity in the forthcoming years, according to Transparency Market Research (TMR). The report states that the top five market players hold approximately 40% of the overall market share in 2015, indicating towards a highly fragmented landscape. The prominent vendors in the global OSS BSS system and platform market are Accenture Plc, Nokia Siemens, Amdocs, Hewlett-Packard Company, and Telefonaktiebolaget LM Ericsson (publ). The leading players are anticipated to focus on expanding to emerging economies, in order to tap into the vast potential of these regions.

Players are increasingly forming alliances with mobile network operators to gain a competitive edge. Vendors are updating their products, such as ensuring that their product is equipped with new technological innovations such as service delivery platforms, in order to create an advanced and differentiated product portfolio to gain a thrust in the global OSS BSS system and platform market.

The global OSS BSS system and platform market was evaluated to be at US$29.11 bn in 2015. With a robust 10.5% CAGR, the market is predicted to clock in a revenue of US$70.97 bn between 2015 and 2024, the duration of forecast.

Based on the type of component, the OSS segment is expected to account for a substantial market share by the end of 2024. The rise of the segment could be ascribed to the dire need for matching the service quality levels in the telecommunication sector along with demand for high speed internet in economically developed regions such has Europe and North America.

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Considering geographical segmentation, North America is predicted to witness burgeoning demand for OSS BSS system and platforms, propelling the region to the lead. The dominance of this region could also be on account of the presence of prominent MNOs and telecom service providers.

Transformations in Technology to Boost Global OSS BSS System and Platform Market

Operations Support System (OSS) and Business Support System (BSS), are largely used by communication service providers for service fulfillment, service assurance, customer service and billing. There has been a substantial change in the service providers’ offerings owing to technological innovations and data management.

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Access Control and Authentication Market 2019 Various Applications with Prominent Players

Access control refers to a security technique that controls what and who can utilize and see resources in a computing environment. It is a rudimentary idea in security that reduces the risk of an organization or a business. There are two different types of access control, i.e. logical and physical. Physical access control restricts access to physical IT assets, buildings, campuses, and rooms. Logical access control restricts connections to data, system files, and computer networks.

Some prominent companies that have been mentioned in the report on global access control and authentication market are Panasonic Corporation, Axis Communications AB, Robert Bosch GmbH, Canon Inc., Honeywell Group, and Pelco Incorporated.

Transparency Market Research (TMR) has come up with an all-inclusive study on the global access control and authentication market, for the period 2014 to 2020. The report estimates that the global access control and authentication market is prophesized to rise at a robust rate of 15.3% CAGR. The market is likely to touch a valuation of US$ 49,890.3 million through 2020.

Asia Pacific to Retain its Dominance throughout the Period of Assessment, from 2014 to 2020

The global access control and authentication market in Asia Pacific is likely to rise at a rapid growth rate over the period of assessment, from 2014 to 2020. High demand for security systems and growing industrialization are prophesized to propel the growth of the global access control and authentication market in years to come.

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Furthermore, augmented threats of terror and crime rates in Asia Pacific together with low police to population ratio is likely to support the growth of the global access control and authentication market over the period of review. Increased government spending to mitigate these threats is likely to support the growth of the market.

Revival of Various Projects to Stoke up its Demand in the Market

The growing need for security and safety across the globe is likely to foster the growth of the global access control and authentication market over the period of review, from 2014 to 2020. The system is designed to prevent encroachment on any information or property, track objects and people, and to regulate access is likely to influence growth of the global access control and authentication market. These systems are mostly responsible for providing selective and limited access to a property or information.

These are the controlling tools and are utilized in the prevention and investigation of crimes particularly in public places like banks, multiplexes, casinos, airports, and ATMs. Major end use industries comprise logistics, public sector, manufacturing, transportation, banking and financial services, retail, hospitality, and many others. Increased demand from so many end use industries is forecasted to fuel the expansion of the global access control and authentication market.

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NVDIMM (Non-Volatile Dual In-Line Memory Module) Market Analysis, Competitive Landscape and Forecast to 2025

Prominent NVDIMM manufacturers include SK Hynix, Inc. (Korea), Integrated Device Technology Inc. (The U.S) and Fujitsu Limited (Japan). The global NVDIMM market is likely to represent a lucrative playing field for new entrants in the coming years, due to the high value of the market as an ancillary of the booming computing sector. The widespread vendor base of established companies is likely to enable a steady share nevertheless.

According to Transparency Market Research (TMR), the global NVDIMM market is expected to exhibit a CAGR of 12.4% in the 2017-2025 forecast period. The market’s revenue valuation was US$72.6 mn in 2017 and is likely to rise to US$184 mn by 2025.

By product type, the global NVDIMM market is segmented into NVDIMM-F and NVDIMM-N. The presence of DRAM components is likely to ensure steady dominance of NVDIMM-N in the coming years, as the higher speed enabled by DRAM is a key driver for NVDIMM-N units. Geographically, North America contributes the dominant share in the global NVDIMM market and is likely to remain an influential player in the coming years due to the steady presence of several leading players in the global NVDIMM market. Leading U.S.-based players such as Viking Technology Inc. and Micron Technology Inc. Asia Pacific is also an important for market for NVDIMM and is likely to be valued at US$35.7 mn by the end of 2025.

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Growth of Data Centers in Asia Pacific Key to Growth of NVDIMM Market

One of the prime drivers for the global NVDIMM market is the rising prominence of the data center sector in developing Asia Pacific economies. The steady growth of the data center sector has prompted a rise in the demand for high-end workstations as well as enterprise storage and server infrastructure, which is likely to strengthen over the coming years in line with the rapid development exhibited by countries in Asia Pacific. The rising indigenous tech sector in emerging countries such as India, China, and Japan is also likely to remain a key contributor to the global NVDIMM market in the coming years.

Integration of NVDIMM helps to improve the performance of various devices in terms of storage, cache, indexing, message queuing, logging, batch processing, on-line transactions, and RAID (redundant array of independent disk) applications that require higher throughput, while simultaneously offering fault-tolerant data integrity. The high performance of these devices is crucial to hyper-scale computing environments that are focused on cloud computing, big data analytics, and high-performance database applications.

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