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Artificial Intelligence in Life Sciences Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 12-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 100 pages
- Published: 12-06-2019
Market Overview
Artificial Intelligence in Life Sciences Market was valued at USD 902.1 million is expected to grow at a CAGR of over 21.1% during the forecast period (2019-2024). Although artificial intelligence has been in the market in the late 1950s, the technology has become commercially accessible in the past few years. The primary reason for this accelerated growth in recent years is the massive availability of data in the life sciences sector.
As AI operates on large sets of data, the availability of such data becomes a key factor for establishing a suitable environment for the growth of AI-based solutions. With innovations in mobile technology and sensors, even the present day’s wearables like smartwatches and fitness trackers, have enough computing power to generate and process vast amounts of data.
In fact, according to the recent estimates of Consumer Technology Association, a prominent standard and trade organization for the consumer electronics industry based in the United States, health and fitness trackers accounted for more than 47% of the wearables devices sold in 2017. This scenario coupled with several medical devices used in healthcare sector generates huge sets of data that could make use of AI to derive useful results.
AI is increasingly becoming popular in drug discovery, personalized medicine, biotechnology, and clinical trials. With increasing healthcare spending in almost all parts of the world, the pharmaceutical industry has been involved in extreme R&D activities in the past few years.
Scope of the Report
Artificial Intelligence (AI) is a highly data-driven technology. In the life sciences sector, it is generally employed to make meaningful relations from loosely coupled data. With the advent of the third wave of AI, it is estimated that advanced AI solutions in the current market scenario can learn and evolve as they are being used.
Key Market Trends
Clinical Trails to Hold Significant Share
Clinical trials are one of the most data-intensive tasks in the life sciences industry. They generate vast sets of data every day monitoring several variables of a patient under observation. Subjecting these data sets to intelligent AI algorithms can help the researchers to screen meaningful correlation even between loosely coupled data.
This is encouraging many pharmaceutical companies and clinical research organizations to invest in technologies, like artificial intelligence. In the current market scenario, rapid adoption of AI is widely seen in the pharmaceutical sector, who are responsible for almost 50% of the clinical trials conducted globally every year.
Novartis claims that the deployment of QuantamBlack’s solutions has reduced patient enrolment times by 10-15%. Additionally, as of March 2018, the company has entered a partnership with IBM to make use of IBMs AI platform, IBM-Watson, to improve clinical trial recruitment, and make use of intelligent AI algorithms to predict medication efficacy.
Such initiatives are encouraging many companies to invest in AI solutions tailor-made for clinical trials. Many prominent companies, such as GlaxoSmithKline, Sanofi, Pfizer Mitsubishi Tanabe Pharma, and Genentech among others, are investing in AI-based clinical trails startups and solutions to make clinical trials more affordable.
India to Exhibit Highest Growth
India, the third-largest pharmaceutical market in Asia, is increasingly gaining much-needed government focus on expanding affordable health care. As part of the Union Budget FY19, the government announced the world’s largest National Health Protection Scheme, for which the government set aside an investment worth USD 307.6 million, to provide coverage of up to USD 7,690 per year, to 500 million people belonging to financially vulnerable households, for the treatment of serious ailments. Simultaneously, AI and machine learning have already started penetrating various industries across India, with healthcare being one of the biggest beneficiaries of the AI revolution. According to a report by CIS India published in 2018, AI could help add USD 957 billion to the Indian economy by 2035. In the July-September 2017 quarter, around 16 Indian healthcare IT companies received funding. The adoption of AI in life sciences in India is being driven by the likes of Microsoft, and a slew of health-tech startups.
Competitive Landscape
The artificial intelligence in the life sciences market has been gaining a competitive edge in recent years. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In Oct 2018, Lifegraph launched their new app on the Google Play Store. It uses AI in the core to forecast the state of patient health. The app named Lifegraph – AI technology for migraine management, was launched to help track changes in the behavior and weather throughout the day and, using machine learning, predicts an imminent attack for actionable self-care.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Adoption Of Ai In The Field Of R&D
4.3.2 High Emphasis On The Development Of Precision Medicine And Personalized Drugs
4.3.3 Increasing Demand For AI In Drug Discovery
4.4 Market Restraints
4.4.1 High Initial Costs And Concerns Over The Replacement Of Human Workforce
4.5 Technology Snapshot
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Drug Discovery
5.1.2 Medical Diagnosis
5.1.3 Biotechnology
5.1.4 Clinical Trails
5.1.5 Precision and Personalized Medicine
5.1.6 Patient Monitoring
5.2 Geography
5.2.1 North America
5.2.1.1 US
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 UK
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 NuMedii Inc.
6.1.3 Atomwise Inc
6.1.4 Lifegraph
6.1.5 Cyrcadia Health Inc.
6.1.6 Numerate Inc.
6.1.7 Sensely Inc.
6.1.8 Sophia Genetics SA
6.1.9 Insilico Medicine Inc.
6.1.10 Enlitic Inc.
6.1.11 APIXIO Inc.
6.1.12 Zebra Medical Vision
6.1.13 Lifegraph Limited
6.1.14 twoXAR Inc.
6.1.15 AiCure LLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Investment Scenario
MARKET SEGMENTATION
By Application
Drug Discovery
Medical Diagnosis
Biotechnology
Clinical Trails
Precision and Personalized Medicine
Patient Monitoring
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
Advanced Authentication Market – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 120 pages | Published: 11-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 120 pages
- Published: 11-06-2019
Market Overview
The global advanced authentication market was valued at USD 8.6 billion and is estimated to register a CAGR of 13.4% over the forecast period (2019-2024). Security threats have been increasing continuously. Hackers are finding new ways to steal the data while new viruses are being developed to steal sensitive information from enterprises and individual users. With most of the users now preferring to perform transactions online, it becomes imperative of the organization to deploy authentication solutions, which help in convenient and secure access.
Every organization needs a reliable security system as a way to confirm the truth of something or the identity of a person. The basic or traditional password method is too often breached or copied/shared, thereby exposing data to theft or malicious intrusions.
The other factor contributing to the growth of the advanced authentication solutions market is the increased adoption of mobility. Enterprises are feeling pressure to enable employees, partners and other stakeholders to access more sensitive information from anywhere and any device. This is making advanced authentication systems a critical aspect of an enterprise’s organizational strategy.
Vendors of advanced authentication solutions are developing and improving their existing authentication methods. Some of the most commonly used authentication methods are biometrics, smartcards, tokens, and several others for mitigating security risks.
Scope of the Report
Advanced authentication provides a central place for all authentication policies to be managed. This is important because organizations are usually forced to operate and maintain multiple infrastructures. Advanced authentication/two-factor authentication/multifactor authentication requires an additional separate factor or credential to complete the log-in or transaction process.
Key Market Trends
Biometrics to hold Major Share
Biometrics analyze and verify/authenticate individuals based on human physical characteristics, such as fingerprint, retina, iris, palm, speech, and voice, among others.
This method of authentication has been widely adopted, owing to the key advantages it offers, namely its non-repudiation, non-transferable, and non-identifiable nature, thus providing a high level of protection against fraud.
The technology has found successful implementation across various end users, such as forensics, governments, banking and financial institutions, and enterprise identity management, among others. Moreover, the widespread availability of fingerprint sensors in affordable mobile devices and government national ID programs have been instrumental in increasing the awareness and adoption of this technology.
India to Exhibit Highest Growth
India experienced a 68% rise in cybercrime registration from 2010-2016 and ranks 5th in the world regarding DNS hijacks. As a result, efforts are on from the government’s end and from the enterprises in combating the threat. With campaigns like the massive “Digital India Initiative,” the government is preparing itself to fight cybercrime with robust regulations, legal frameworks, and implementable laws. Government’s recent step toward money demonetization led to a revolutionary change in the Indian banking industry. As a result, 43.7 million Indian users now use mobile banking, which poses a potential opportunity for the market.
Competitive Landscape
The advanced authentication market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and profitability. In Jan 2018, Gemalto announced PURE white-label payment solution services to GhIPSS (Ghana Interbank Payment and Settlement Systems), a subsidiary of Ghana’s central bank that manages the country’s interbank payment processing system. This operation is expected to increase the visibility of the company in the African region. In the same month, HID Global announced that its HID Approve two-factor mobile authentication and verification platform supports Apple’s iPhone X Face ID facial recognition system. The company expects facial recognition to play an increasingly significant role in its authentication offering, combined with threat and fraud detection.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Number of Cloud Users And Datacentres
4.3.2 Increasing Number of Security Breaches And Related Costs
4.4 Market Restraints
4.4.1 High Upgrade and Replacement Costs
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Government Policies and Industry Regulations
5 TECHNOLOGY SNAPSHOT
5.1 Technology Overview
5.2 Deployment Methods
5.3 Different Authentication Methods
6 MARKET SEGMENTATION
6.1 By Authentication Methods
6.1.1 Smart Cards
6.1.2 Biometrics
6.1.3 Mobile Smart Credentials
6.1.4 Tokens
6.1.5 User-based Public Key Infrastructure
6.1.6 Other Methods
6.2 By End-user Industry
6.2.1 Banking/Financial Services
6.2.2 Healthcare
6.2.3 Government
6.2.4 Defense
6.2.5 IT and Telecom
6.2.6 Other End-user Industries
6.3 Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Italy
6.3.2.5 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 India
6.3.3.3 Japan
6.3.3.4 Australia
6.3.3.5 Rest of Asia-Pacific
6.3.4 Latin America
6.3.4.1 Brazil
6.3.4.2 Argentina
6.3.4.3 Rest of Latin America
6.3.5 Middle East & Africa
6.3.5.1 United Arab Emirates
6.3.5.2 Saudi Arabia
6.3.5.3 South Africa
7 COMPETITIVE LANDSCAPE
7.1 Vendor Market Share
7.2 Company Profiles
7.2.1 Fujitsu Ltd.
7.2.2 Gemalto N.V
7.2.3 NEC Corp.
7.2.4 CA Technologies
7.2.5 Safran Identity and Security SAS
7.2.6 Dell Technologies Inc.
7.2.7 Lumidigm Inc.
7.2.8 Validsoft
7.2.9 Pistolstar
7.2.10 Securenvoy
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Authentication Methods
Smart Cards
Biometrics
Mobile Smart Credentials
Tokens
User-based Public Key Infrastructure
Other Methods
By End-user Industry
Banking/Financial Services
Healthcare
Government
Defense
IT and Telecom
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Artificial Intelligence (AI) in Food & Beverages Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The Artificial Intelligence in Food and Beverages Market is expected to register a CAGR of over 65.3% during the forecast period 2019 – 2024. Changes in consumer demands towards preferring fast, affordable, and easily accessible food options has led to a transformation in the food and beverages industry, with market leaders leveraging advanced technologies, such as artificial intelligence and machine learning to scale operations and help companies stay relevant in a dynamic market environment.
The AI has been actively gaining prominence over the last five years, with many of the companies actively investing in exploring the potential of technology in the industry. This emerging technology of AI is helping F&B companies with supply chain management through the logistics, predictive analytics and also the transparency.
Organisations are increasingly digitizing their supply chain to differentiate and also to drive revenue growth which is improving the efficiency across the supply chain. Supply chains are generating a massive amount of data, where AI is helping the organization to analyze this data and gain a better understanding of variables in the supply chain by anticipating future scenarios.
AI in supply chains is helping businesses to innovate rapidly by reducing the time to market and establishing an agile supply chain which is capable of foreseeing and also dealing with the uncertainties. This is driving the growth of AI in the food and beverages sector.
AI provides many benefit to the F&B industry, but the high cost of large-scale deployment in the sector is restricting the market to grow. There are thin margins in the industry already, and many food and beverage companies have limited resources and cannot make significant investments, like Google or Amazon.
F&B brands usually build tightly integrated and customized in-house technology that would reflect the unique needs of the company. In today’s world, the battle for AI so competitively that leading technology companies are spending over USD 650 million annually for desirable candidates.
Companies who have the fortune of established data analytics capabilities and also the team of competent developers can safely build their own AI platform. F&B players are without such resources are seeking out solutions and providers by clearly defined goals needs, goals and also budgets.
Scope of the Report
Changes in consumer demands towards preferring fast, affordable, and easily accessible food options has led to a transformation in the food and beverages industry, with market leaders leveraging advanced technologies, such as artificial intelligence and machine learning to scale operations and help companies stay relevant in a dynamic market environment.
Key Market Trends
Consumer Engagement is expected to register a Significant Growth
Investment made by the former chairman of Tata Sons, in Techbin Solutions Pvt Ltd’s Niki.ai (which is an AI fueled chatbot that conducts conversations with consumers to assist them to order a wide range of services with the help of a chat interface), is depicting the investments and growth of the usage of chabots.
AI is being applied to understand the consumer behavior, which is expected to lead to more accurate predictions. It can further enable marketers and organizations to reach out to the customers at a personal level, engage in deeper interactions, and enhance their overall experience with the brand.
Furthermore, many consumers are adopting chabots, as they can effectively work on the offline mode. An American express report stated that more than 50% of the customers are willing to spend more in the companies that provide superior customer service. This opens up a tremendous opportunity for AI, which, in turn, is likely to fuel the growth of AI in the food and beverage sector.
AI can also help to analyze, monitor, and deduce the customer behavior and sentiments across the various social media channels. Therefore, when AI builds an in-depth customer profile, it matches it to their social experiences about the product. With the help of such powerful insights, firms can now aim to improve the customer experience and make it more productive, thereby leading to the growth of the market.
North America is Expected to Hold Major Share in the United States
The market for AI in food and beverage sector is growing in North America, with the United States leading the way. North America held a market share of 29.1% in 2017, which is second-largest region for AI in the food and beverage market.
In North America, the readiness for adoption and high fractional increase in replacement AI are the leading drivers of their economic impact, which reflects the regions leading stance on AI and its implementation, and also the high automation potential that is expected to occur at the regional level, between now and 2030.Besides, food processing is one of the major manufacturing sectors in the United States. According to the United States Department of Agriculture, 16% of value of shipments from all the US manufacturing plants comes from the food processing plants.
For most part, this sector is a very high-volume and low-margin industry. Finding new ways to gain modest increase in efficiency can make the difference between a facility turning a profit or a loss. Due to such functional constraints, many of largest food processing companies are shifting to AI technology, in order to improve the various aspects of the process. This is supporting to growth of the AI in food and beverage sector in the region.
Competitive Landscape
The Artificial Intelligence in Food and Beverages Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Artificial Intelligence in Food and Beverages Market to strengthen their product capabilities. In August 2018, Key Technology introduced VERYX digital sorters for fresh-cut leafy greens. VERYX is the world’s only belt-fed sorter that can inspect product entirely in-air with top and bottom sensors, in order to detect and eliminate all foreign materials (FM) and product defects. By combining Key’s expertise in sorting and conveying, these integrated VERYX systems are specifically designed to handle the challenges of sorting leafy greens.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Drastic Improvements in Efficiency Across the Supply Chain
4.3.2 Reduced Chance of Human Error and Associated Inaccuracies
4.3.3 Attractive, with the Ability to Generate Consumer Interest
4.4 Market Restraints
4.4.1 High Cost Associated with Large-scale Deployment of the Technology
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Food Sorting
5.1.2 Quality Control and Safety Compliance
5.1.3 Consumer Engagement
5.1.4 Production and Packaging
5.1.5 Maintenance
5.1.6 Other Applications
5.2 By End Users
5.2.1 Food Processing Industry
5.2.2 Hotel and Restaurant
5.2.3 Beverage Industry
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Raytec Vision SpA
6.1.2 Rockwell Automation Inc.
6.1.3 ABB Ltd
6.1.4 Honeywell International Inc.
6.1.5 Key Technology Inc.
6.1.6 TOMRA Sorting Solutions AS
6.1.7 GREEFA
6.1.8 Sesotec GmbH
6.1.9 Martec of Whitell Ltd
6.1.10 NotCo
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Application
Food Sorting
Quality Control and Safety Compliance
Consumer Engagement
Production and Packaging
Maintenance
Other Applications
By End Users
Food Processing Industry
Hotel and Restaurant
Beverage Industry
Geography
North America
Europe
Asia Pacific
Rest of the World
Enterprise Content Management Market – Growth, Trends and Forecasts (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The Enterprise Content Management Market is expected to register a CAGR of over 14.36% during the forecast period 2019 – 2024. Automated workflows for creating the documents, editing and publishing documents improve business processes and collaboration among staff members. Such benefits of providing the capability of a better use of existing content have been the primary reason driving the market demand.
The effectiveness of an enterprise content management solution and its platform comes from the fact that it is meant for managing all the phases of content that initiate at the stage of content creation, storage, multiple versions, delivery, archival, and disposal as per regulated laws where the firm operates and corporate policies of the organization.
Whether the content for the management is from the commercial supply chains, contract management, HR processes, the government administration, the driving force behind implementing an ECM solution in an enterprise is to do business efficiently and better. By eliminating the dependency on paper documents and organizing unstructured information according to business need, organizations are empowered to work more efficiently.
Integration of functional units of businesses during a merger and acquisition (M&A) is a humungous task for two companies if their business approach is different, even when they are operating in same vertical. It becomes even more difficult if the firms operate in different countries with different languages being spoken.
The cloud-based services exhibits the potential to provide cost-effective, flexible, easy to manage, and authoritative resources facilities, over the internet. The cloud-based ECM services upsurge the capabilities of the hardware resources by optimal and shared utilization. These features encourage the organizations and individual users to shift their services and applications to the cloud.
However, these services offered by third-party cloud service providers entail additional security threats that increase the cost of the services. The migration of the user’s data, applications, etc. outside the administrative control in a shared environment that escalates the security concerns. Security issues also arise due to the very nature of cloud-based services concept.
Scope of the Report
Enterprise content management (ECM) solutions align an organization strategy to improve their efficiency and cost-effectiveness. It is achieved by taking full advantage of the customer information and company knowledge embedded in its content. ECM solutions capture, store, activate, analyze, and automate business content, providing new value from data that was previously unstructured and unavailable.ECM system aid businesses to organize, manage and integrate their data sets like documents, information, emails, files, records, application data, product catalogs, and web pages, etc. Enterprises can use the integrated system to manage the data seamlessly and manage the lifecycle of content using the system.
Key Market Trends
Document Management is expected to register a Significant Growth
Paper documents have proven to be problematic, as they take up space and consume time when handled. They also have an added disadvantage of being difficult to store and risk increased perishability.
Therefore, there has been an increase in the amount of electronic data and documents managed. There have also been immense improvements in the available technology, which resulted in more secure and efficient systems to store and retrieve documents. All these factors together have contributed toward making document management technology one of the fastest developing management systems in the market.
Document management enables organizations to better manage the creation, approval, revision, and consumption of electronic documents. It also provides key features, such as library services, document profiling, searching, check-in, check-out, revision history, version control, and document security. Moreover, cloud computing has brought its plethora of advantages even to the field of document management systems. It provides an easily-accessible resource and repository for documents and related software, and is also helpful in being cost-effective.
However, there are both benefits and drawbacks to using cloud computing as the base for document management systems. Though it provides ease of access and reduced maintenance efforts, it also brings in potential security risks and does not provide total control.
North America is Expected to Hold Major Share in United States
North America is a pioneer in the adoption of innovative solutions, which provides North America with an edge over the other regions. Additionally, several recognized IT and telecom firms are headquartered in the North America, which adds to the growth of the market.Moreover, the region has a strong foothold of ECM providers, which is driving the market in the region. Some of them include, IBM Corporation, Hyland, Oracle Corporation, and Open Text Corp, and Microsoft Corporation, among others.
The major players, such as Hyland, IBM Corp, OpenText are offering content service platform to the top fortune 100 companies, which are flexible to integrate across their business models.The players in the region are adopting merger and acquisitions as the key strategy to stay ahead in the market. For instance, in January 2017, OpenText acquired Documentum, Dell EMC’s Enterprise Content Division, for USD 1.62 billion. This acquisition is expected to strengthen the company’s ECM solutions portfolio.
The ECM market is expected to witness significant growth over the forecast period, owing to the increase in the need for digital content with the proliferation of online marketing and online customer relationship.For instance, in the United States, mobile marketing is expected to be an engine for the online marketing industry, accounting for more than 70% of all digital ad spend in 2018.
Competitive Landscape
The Enterprise Content Management Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Enterprise Content Management Market to strengthen their product capabilities. In June 2018, Capgemini acquired the Adaptive Lab, a digital design studio that helps businesses adjust to new technology and the accompanying shifts in customer behavior. This acquisition would help to further meet growing customer demand for the company’s end-to-end digital services.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Need for Regulatory Content Management to Enhance Operations
4.3.2 Growing Need for Securing Confidential Data and Protection against Data Loss
4.4 Market Restraints
4.4.1 Difficulties in the Smooth Handling of Enterprise Data during Mergers and Acquisitions
4.4.2 Security Issues Associated With Cloud and Mobile Technologies
4.5 Industry Attractiveness Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Value Chain Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Content Management
5.1.2 Case Management
5.1.3 Workflow Management
5.1.4 Record Management
5.1.5 Digital Asset Management
5.1.6 Other Types
5.2 By Deployment
5.2.1 On-Premise
5.2.2 Cloud
5.3 By Enterprise
5.3.1 Small and Medium Enterprise
5.3.2 Large Enterprise
5.4 By Service
5.4.1 Professional
5.4.2 Managed
5.5 By End-user Industry Verticals
5.5.1 Telecom and IT
5.5.2 BFSI
5.5.3 Retail
5.5.4 Education
5.5.5 Manufacturing
5.5.6 Media and Entertainment
5.5.7 Government
5.5.8 Healthcare
5.5.9 Other End-user Industry Verticals
5.6 Geography
5.6.1 North America
5.6.2 Europe
5.6.3 Asia Pacific
5.6.4 Latin America
5.6.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Capgemini SE
6.1.2 Xerox Corporation
6.1.3 OpenText Corporation
6.1.4 IBM Corporation
6.1.5 Oracle Corporation
6.1.6 M-Files Corp.
6.1.7 Hyland Software Inc.
6.1.8 Epicor Software Corp
6.1.9 Alfresco Software Inc.
6.1.10 DocuWare GmbH
6.1.11 Datamatics Global Services Limited
6.1.12 Hewlett Packard Enterprise Company
6.1.13 Microsoft Corporation
6.1.14 Newgen Software Technologies Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Content Management
Case Management
Workflow Management
Record Management
Digital Asset Management
Other Types
By Deployment
On-Premise
Cloud
By Enterprise
Small and Medium Enterprise
Large Enterprise
By Service
Professional
Managed
By End-user Industry Verticals
Telecom and IT
BFSI
Retail
Education
Manufacturing
Media and Entertainment
Government
Healthcare
Other End-user Industry Verticals
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
3D Mapping and 3D Modelling Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 110 pages | Published: 11-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 110 pages
- Published: 11-06-2019
Market Overview
The 3D Mapping and Modelling Market was valued at USD 8.97 billion, in 2018, and is expected to register a CAGR of 20.94%, over the forecast period (2019-2024). With major investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs, are entering this market. Online web services players, such as Amazon and Microsoft, have also started offering 3D maps on their platforms.
Apart from major smartphone OEMs, smartphone component manufacturers are also entering this lucrative market. For instance, Parrot, a global leader in wireless devices for mobile phones, has positioned its consumer drones for 3D modeling, mapping, and agricultural uses.
The advent of 3D-enabled Display Devices is boosting the growth of the 3D Mapping and 3D Modelling market over the forecast period.
Advancement of 3D Scanners, 3D Sensors, and Other Acquisition Devices are positively impacting the growth of the market over the forecast period.
Scope of the Report
3D mapping & modeling technologies are one of the fastest ways to build 3D environments in the highly demanding market. 3D mapping solutions quickly creates 3D maps of the surroundings, with utmost clarity and accuracy, ready to plug into professional visualization operations. With major investments ongoing for 3D maps applications to be integrated with smartphones, market players, such as Samsung, Nokia, and other OEMs, are entering this market. Online web services players, such as Amazon and Microsoft, have also started offering 3D maps on their platforms.
Key Market Trends
Automotive to Witness Significant Growth
The future for various industries is 3D mapping & modeling, and the future factory will be composed of several industrial-sized printers. The car and automotive sector is one area likely to be affected significantly.
Driverless cars have many different kinds of sensors – including cameras, lidar, and radar – but they are not yet capable of fully understanding what they see. For example, before an autonomous car approaches a junction, it needs to know exactly where the traffic light will be. Because of this, driverless cars need highly detailed 3D maps of the roads they are to navigate, which is expected to boost the 3D mapping adoption.
Tesla, a company, focusing on driverless cars, and having a few models offering driverless capabilities, has started pushing new modules from MapBox, an open-source mapping platform for custom designed maps, and Valhalla, an open source routing engine for navigation, for increased safety, which is boosting the overall market growth.
The increased use of 3D technology in the R&D department of the automotive industry propels the growth of the market in Europe, especially in Germany and the UK. This technology is used to design and engineer new vehicle models. For instance, Ferrari, based in Maranello, Italy, uses Autodesk 3D modeling software in the early stages of product development, before prototyping.
North America to Hold Major Share
North America is anticipated to hold a major share over the forecast period as the region has a strong automotive sector buoyed by the presence of major players and technologically advanced capabilities. Increased spending on infrastructure is pumping more money into the economy, creating more demand for consumer services and goods, which eventually increases investment in capacity increases of manufacturing facilities, retail establishments, and office space. The trend of growing population (309 million in 2010 to 327 million in 2017) also contributes to the growth of the construction industry in the United States and thus, the market for Building Information Modelling (BIM).The huge volume of adoption of connected vehicles in the United States clearly outlines a growing trend of connected cars, which proportionately pushes the need for better and enhanced navigation capabilities, thereby, driving the market growth.
Competitive Landscape
The 3D Mapping and Modelling market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic innovations and collaborative initiatives to increase their market share and increase their profitability. For instance, in May 2017, Trimble acquired NM Group to expand its energy solutions portfolio to provide high-value data modeling and 3D visualization services for the utility industry. Further in Nov 2017, Golden Software, LLC, released Surfer version 15. The latest version includes the 3D viewer, point cloud layer for Lidar data processing, base map symbology, multithreaded gridding, and color relief generation, and streamlined workflows.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Advent of 3D-enabled Display Devices
4.5.2 Advancement of 3D Scanners, 3D Sensors, and Other Acquisition Devices
4.6 Market Restraints
4.6.1 High Initial Investments
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 3D Mapping
5.1.2 3D Modelling
5.2 By Application
5.2.1 Projection Mapping
5.2.2 Texture Mapping
5.2.3 Maps & Navigation
5.2.4 Other Applications
5.3 By End User
5.3.1 Entertainment & Media
5.3.2 Automotive
5.3.3 Healthcare
5.3.4 Building & Construction
5.3.5 Defense
5.3.6 Transportation
5.3.7 Other End Users
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Autodesk Inc.
6.1.2 Saab AB
6.1.3 GOLDENSOFTWARE, LLC
6.1.4 Trimble Inc.
6.1.5 Intermap Technologies
6.1.6 The Foundry Visionmongers Ltd.
6.1.7 Environmental Systems Research Institute (ESRI).
6.1.8 Topcon Positioning Systems, Inc.
6.1.9 Airbus Defense and Space
6.1.10 Cybercity 3D Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
3D Mapping
3D Modelling
By Application
Projection Mapping
Texture Mapping
Maps & Navigation
Other Applications
By End User
Entertainment & Media
Automotive
Healthcare
Building & Construction
Defense
Transportation
Other End Users
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Digital Marketing Software Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The digital marketing share in the overall marketing budget of organizations and real-time marketing is on the rise, owing to the increase in significant importance of digital marketing, which increases the need for digital marketing software. Buyers today are more empowered than ever before and are using omni-channels to buy a product. In a recent study conducted by Google, it was found that 48% of consumers start their inquiries on search engines, while 33% search brand websites, and 26% search within mobile applications. Businesses are ready and willing to engage with their customers on every digital platform with different devices, using digital marketing software, where habits can be tracked and analyzed.
The proliferation of Big Data analytics in digital marketing and the increasing ease of purchasing by removing location constraints are expected to create opportunities for market growth.
Social CRM solution is expected to garner high significance over the forecast period, as organizations try to engage with customers on social sites, such as Facebook and Twitter, to publicize the brand and product.
However, the lack of skilled labor in handling marketing software is expected to restrain the market growth. Shortage of qualified working professionals has resulted in a high fixed cost of software development.
Scope of the Report
Digital marketing is integral to businesses’ success in the era of engagement marketing. Promoting products, brands, and services, through online and mobile applications, is quickly becoming vital for the success of businesses.
Key Market Trends
Email Marketing to Hold a Significant Market Share
Email marketing is one of the primary channels of marketing, considering the number of email-users close to 3.5 billion. Businesses across the world have utilized email marketing. Broadcasting an email to a potential client or consumer that could help in closing the sale is considered as email marketing. Generally, email marketing involves sending advertisements, newsletters, solicit sales, request donations, and requesting businesses via emails.
Email marketing has evolved drastically over the past few years. With the advent of e-commerce and smartphones, the number of users utilizing email service has grown in the previous decade, which has improved the reach of email marketing. With the vast amount of user data available, companies are focusing on automating the database to streamline the process and explore new ways of email marketing. This has provided an opportunity for companies to explore automated email marketing.
In August 2018, Adobe announced to update its email marketing platform capabilities, such as engagement insights, dynamic reporting capabilities, and new e-mail message designer. Additionally, the platform will also allow users to incorporate email marketing with other channels and content workflows. This is likely to attract more consumers, thereby, having a positive impact on the market growth over the forecast period.
Asia-Pacific to hold a Major Market Share
A rise in internet penetration in countries, such as India and China, in the recent years has brought a major population of the region online, which is expected to result in a booming opportunity for digital marketing. The aforementioned factor is set to result in a growth of social media presence, leading to a surge in social media-based marketing campaigns.
Over the last few years, India has evolved into a market remarkably suited for investment in the digital space, particularly for consulting firms that assist with the transition to the digital sphere. As the Digital India strategy continues to take shape, it is very clear about a “cloud first” approach. The initiative aims to move legacy and on-premise systems to a cloud-based model or integrate with it. This initiative is expected to result in cloud-based digital marketing software adoption in the country.
Competitive Landscape
The digital marketing software market is highly competitive and consists of several major players. Companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in 2018, Salesforce.Com Inc. introduced Datorama as a part of its marketing cloud. Datorama enables companies to bring together all of their marketing data from different channels, campaigns, and regions to unlock insights and take action on all marketing activities. With Datorama, customers, including brands and agencies, can understand the effectiveness of their marketing investments and optimize in real time. Further, in 2018, IBM Corporation and Colombia announced a partnership to leverage the IBM Watson, in order to expand regional language content promotion, implement state-of-the art cross-language recommendation systems over multiple media contents, text articles, audio, video, etc. Colombia had leveraged the IBM Watson’s Natural Language Understanding service to enrich content with additional features, such as named entities, categories, and concepts.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
1.3 Study Deliverables
2 RESEARCH METHODOLOGY
2.1 Research Phases
2.2 Analysis Methodology
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness- Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Increased Utilization of Digital Media
4.4.2 Rising Trend of the Adoption of Cloud Technology
4.4.3 Increasing Need to Improve Customer E-experience
4.5 Market Restraints
4.5.1 Lack of Skilled Professionals Across the Industry
5 MARKET SEGMENTATION
5.1 DEPLOYMENT
5.1.1 On-premise
5.1.2 Cloud
5.2 TYPE
5.2.1 Search Engine Software
5.2.2 Content Marketing Software
5.2.3 Social Media Marketing
5.2.4 E-mail Marketing
5.2.5 Mobile Marketing
5.2.6 Marketing Automation Software
5.2.7 Other Types
5.3 END-USER INDUSTRY
5.3.1 IT and Telecom
5.3.2 Media and Entertainment
5.3.3 BFSI
5.3.4 Retail
5.3.5 Manufacturing
5.3.6 Healthcare
5.3.7 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Adobe Systems Incorporated
6.1.2 SAP SE
6.1.3 Salesforce.com Inc.
6.1.4 IBM Corporation
6.1.5 Microsoft Corporation
6.1.6 Oracle Corporation
6.1.7 Google LLC
6.1.8 SAS Institute Inc.
6.1.9 Marketo Inc.
6.1.10 HubSpot Inc.
6.1.11 Teradata Corporation
6.1.12 Infor Inc.
6.1.13 Criteo SA
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
DEPLOYMENT
On-premise
Cloud
TYPE
Search Engine Software
Content Marketing Software
Social Media Marketing
E-mail Marketing
Mobile Marketing
Marketing Automation Software
Other Types
END-USER INDUSTRY
IT and Telecom
Media and Entertainment
BFSI
Retail
Manufacturing
Healthcare
Other End-user Industries
GEOGRAPHY
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa