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Event Management Software 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 event management software market is expected to register a CAGR of over 10.65% during the forecast period 2019 – 2024. Owing to this snowballing growth, the management of these events may no longer be ad hoc. Thus, a standard in managing events, right from the budgeting to real-time customization of the user’s experience, has played a vital role in the adoption of event management software.
The introduction of mobile applications for event management keeps planners, speakers, and attendees up to date on everything, from the agenda and the location of specific sessions and meetings, to last minute changes and schedules. These applications allow attendees to access a list of sessions with speaker bios, matchmaking opportunities, live polls, and other information.
Companies have also employed geolocation and RFID data to make it possible for event organizers to alert attendees about relevant booths, sessions, or meals, as they make their way around the venue. Event planners use monetization features, such as banner advertisements, sponsored push notifications, and premium listings to increase revenues and boost their brands.
Further, organizers also use mobile apps and other platforms to collect data during the event through QR codes and iBeacons. This data is often used to personalize the event experience. All these factors encourage customers to employ these mobile applications, and consequently, give the organizers data that may be leveraged to maximize profits, and enhance the customer’s overall event experience.
While developing economies, such as India, Brazil, and Malaysia, have strong growths in the number of events, due to the lack of awareness of event management software, there has been comparatively less adoption of these solutions in the mentioned regions.
Further, the software demands skilled professionals, as it requires the development of sophisticated software for mobile applications, reporting and streamlining of operations that are involved in tracking, as well as analyzing the correct parameters required. Additionally, the software requires a high amount of customization, given the differentiation in the type of events, due to which, there are complexities involved in the developing of the software itself. Further, this need for customization increases the overall cost of the solution. All these factors are expected to hinder the growth of the market during the forecast period.
Scope of the Report
The event management software is a platform that coordinates all tasks and activities, for events as small as a marathon to as large as the Olympics. These tasks include, sales and marketing, logistics, accounting, and travel management.
Key Market Trends
Media and Entertainment Segment Expected to Register a Significant Growth
Event management software proves to be highly beneficial for third-party planners when compared to in-house planners, as the third-party planners plan more than a single concert or show that occur at any time of the year. It is estimated that some of the most popular festivals and events, such as Classic East, Sao Paulo Trip, and Outside Land Music and Art Festival, gross more than USD 16 million per event.
Such colossal involvement of revenue makes media and entertainment events one of the most complicated events to plan, compared to events hosted by several other sectors, such as the educational and industrial. Furthermore, downtime in any event organizing process has a terrible effect on the reputation of the events. In many cases, many media and entertainment events are hosted for charity purposes, and hence, any deviations in the planning process or the software may put a dent in the reputation of the organizers.
The very facts that the average ticket price for a music tour concert was around USD 85 million as of 2017 and that more than 20 million people attend such concerts indicate the complexity of these events. Hence, most of the planners in the sector prefer to be accurate by using some event management software, giving a vast scope for increased adoption of this software over the forecast period.
North America Region to Hold Significant Share
North America is expected to occupy around half of the global market share during the forecast period, owing to the increased adoption of this software for athletics events in educational institutions, film festivals, marathons, and various other private events. The presence of many established players, coupled with the presence of small and new entrants in the region, is one of the significant factors augmenting the market growth.
The increasing demand for enhanced and efficient management of events in the region has led to partnerships between companies in the market and event organizers. For instance, Events.com’s proprietary technology platform provided an event management software, which delivered registration services, ticket cancellation insurance, sponsorship sales, and management technology, for the 2018 Rite Aid Cleveland Marathon. Moreover, the increasing frequency of cultural and sports events, such as the New York Marathon, which is the largest in the world, may aid the market growth.
In 2017, the event management software startup, Gather, received a strategic investment to help restaurants and venues manage and grow their private events businesses. The investment of USD 55 million by Vista Equity Partners in Gather depicts the importance of these event management companies. Moreover, as the market is witnessing the entry of new players, such investments in the near future are expected to boost the event management software market.
Competitive Landscape
The event management software 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 shares 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. The companies operating in the market are also acquiring start-ups working on smart office technologies to strengthen their product capabilities.
In Dec 2017 Certain acquired Gather Digital, a mobile event application suite for enterprises, associations, and educational institutions. With this acquisition, Certain strengthened its mobile-development and data-integration capabilities, taking advantage of the experience that Gather Digital’s extended team has, in terms of determining the event attendee’s true sentiments.
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 Growing Importance of Mobile Applications as Vital Marketing Tools
4.3.2 Software Integration Across the Enterprise to Hold the Key to Greater ROI
4.4 Market Restraints
4.4.1 Lack of Awareness across Emerging Economies
4.5 Industry Attractiveness Porter’s Five Forces 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
5 MARKET SEGMENTATION
5.1 By Software
5.1.1 Event Marketing Software
5.1.2 Event Planning Software
5.1.3 Venue and Ticket Management Software
5.1.4 Analytics and Reporting Software
5.1.5 Other Software
5.2 By Organization Size
5.2.1 Small and Medium Enterprises
5.2.2 Large-scale Enterprises
5.3 By End User
5.3.1 Corporate
5.3.2 Government
5.3.3 Education
5.3.4 Media and Entertainment
5.3.5 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 & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Etouches Inc.
6.1.2 Active Network LLC
6.1.3 XING SE
6.1.4 Cvent Inc.
6.1.5 Eventbrite Inc.
6.1.6 RunSignUp Inc.
6.1.7 Event Espresso
6.1.8 TryBooking Pty Ltd
6.1.9 EMS Software LLC
6.1.10 SignUpGenius Inc.
6.1.11 Certain Inc.
6.1.12 Ungerboeck Software International Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Software
Event Marketing Software
Event Planning Software
Venue and Ticket Management Software
Analytics and Reporting Software
Other Software
By Organization Size
Small and Medium Enterprises
Large-scale Enterprises
By End User
Corporate
Government
Education
Media and Entertainment
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Context Aware Computing 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 context-aware computing market was valued at USD 32.76 billion in 2018, and it is expected to reach a value of USD 158 billion by 2024, at a CAGR of 30.0% over 2019-2024. With the evolution of ubiquitous computing, which is a concept in computer science where computing is made available at any time and everywhere (due to the third wave of computing becoming popular over desktop computing) context-aware computing has also witnessed a rise in its demand.
Artificial intelligence (AI) is rapidly becoming one of the most critical aspects in both business and science, and an increasing number of leading technology companies are showing interest in AI investment. Google’s USD 400 million acquisition of DeepMind is a prime example of rising interest in acquiring AI technology.
Contextual awareness is the ability of computing systems to acquire, fetch, and reason the situational context, and adapt to their applications, accordingly. A context-aware system starts to collect raw, low-level contextual data, interpret the raw contextual data into high-level interpreted context, reason the interpreted context to derive implications, and adapt the application behavior, based on the implications.
The u-Japan Strategy in 2005, which was promoted under the leadership of Japan’s Ministry of Internal Affairs and Communications (MIC), describes efforts to realize this environment, where the target was to make 80% of the country’s population comfortable with ICT by 2010s and develop the ICT industry. This strategy is now being applied by various countries to gain the prominence over context-aware computing.
Scope of the Report
Context awareness is the ability of a system or system component to gather information about its environment at any given time and adopt behaviors accordingly. Contextual or context-aware computing uses software and hardware to automatically collect and analyze data to guide responses.
Key Market Trends
Consumer Electronics Segment Expected to Witness Rapid Growth
Smartphones and tablets have moved far beyond the capability of sending text messages or making calls, and are now personal navigators, storage devices, arcades, and social hubs.
Moreover, the evolution of smartphones and increasing computational power have enabled developers to create innovative context-aware applications, to recognize user-related social and cognitive actions, in any situation and at any location.
A prominent example of context-aware technologies in smartphones is in the way they react to ambient light, by adjusting screen brightness for optimal readability. As this feature is available in every smartphone in the market, the growth in the sales of smartphones is poised to drive the demand for context-aware technology in consumer electronics.
The augmented reality (AR) market offers significant opportunities, as it is expected to witness an enhanced proliferation of AI, which takes the inputs from a wearable device and combines them with personal data, to determine the current context in real-time and push relevant data to a user, in line with customer requirements.
North America Expected to Dominate the Market
The North American market has the presence of a majority of the market leaders, making it a forerunner in the adoption of this technology
The region is home to top users, as well as integrators of context-aware computing technology. These include technology leaders, such as Google, e-commerce giant Amazon, financial institutions such as Visa, and telecom giants such as Verizon and AT&T, who have constantly incorporated this technology to enhance their customer service and product offerings.
Apple, Amazon, and Google smart gadgets, such as watches and speakers, have established themselves in the North American market place. Increased integration of smart wearables to IoT devices, driven by the adoption of smart homes in the region, is expected to augment the market.
Competitive Landscape
The context-aware computing market is highly fragmented. Existing players, such as Amazon.com Inc., Apple Inc., Google Inc., Facebook Inc., Microsoft Corporation, etc., are striving to sustain their position in the market, by innovating their offerings.
For instance, Google showcased its AI voice calling the product, Duplex, which enables the application to make a call and seek appointments. With technological developments, these companies are engaging in investments, for enhancing the current context-aware computing solutions.
Some of the key players in the industry are Google, IBM, and Microsoft. Some key developments in context-aware computing market are as follows:
Microsoft launched a new intelligent security innovation, to help businesses manage threats ranging from cloud to edge. The application analyzes the past and current data, to prevent attacks and unforeseen threats. This measure is likely to boost the company’s revenue and foster market growth.
Cisco acquired MindMeld Inc., a San Francisco-based company, which developed conversational platforms, based on natural language understanding (NLU). This acquisition is expected to enhance the company’s capability to utilize user’s data and implement advanced user interaction.
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 Integration of Artificial Intelligence into Mobile Apps
4.3.2 Rise in Integrated IoT Offerings
4.4 Market Restraints
4.4.1 Computational Complexities
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
5 MARKET SEGMENTATION
5.1 By Vendor
5.1.1 Mobile Network Operator
5.1.2 Device Manufacturer
5.1.3 Online, Web, and Social Networking Vendors
5.2 By End-user Industry
5.2.1 BFSI
5.2.2 Consumer Electronics
5.2.3 Media and Entertainment
5.2.4 Automotive
5.2.5 Healthcare
5.2.6 Telecommunication
5.2.7 Logistics and Transportation
5.2.8 Other End-user Industries
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Microsoft Corporation
6.1.3 Cisco Systems Inc
6.1.4 Google LLC
6.1.5 Oracle Corporation
6.1.6 Amazon.com Inc.
6.1.7 Verizon Communications Inc.
6.1.8 Samsung Electronics Co. Ltd
6.1.9 Apple Inc.
6.1.10 Intel Corp.
6.1.11 Onapsis Inc.
6.1.12 Flybits Inc.
6.1.13 Autodesk Inc.
7 MARKET INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Vendor
Mobile Network Operator
Device Manufacturer
Online, Web, and Social Networking Vendors
By End-user Industry
BFSI
Consumer Electronics
Media and Entertainment
Automotive
Healthcare
Telecommunication
Logistics and Transportation
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Advanced Authentication Market in the Financial Service Industry – 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 global advanced authentication market in the financial service industry was valued at USD 3.06 billion in 2018, and it is expected to register a CAGR of 13.6% over the forecast period (2019-2024). The financial services domain, to provide seamless services to its end users, needs to share sensitive and often regulated information across organizations and corporates. The need for sharing data has increased considerably over the last few years, majorly as a result of the advent of cloud-based services.
Major solution providers in the market today are focusing on providing a broad platform to support various existing entities in the environment, including Windows Credential Provider, OSX, iOS, Android, Windows Mobile, and Linux Pluggable Authentication.
With the demand for mobile application security, particularly for financial services, along with low-cost apps and on-demand provisioning of software, the cost of biometric integration is expected to decrease.
Changing consumer dynamics and increasing technology penetration are driving the adoption of online services among end users. The trend is also driving online transactions, resulting in a renewed emphasis on security and privacy.
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, or multifactor authentication requires an additional separate factor or credential to complete the log-in or transaction process.
Key Market Trends
Biometrics Segment 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 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.
North America Region to Account for Significant Share
North America is anticipated to hold major share owing to the increasing dependency of organizations on computer networks and electronic data to conduct their daily operations, and growing pools of personal and financial information that are also transferred and stored online. This tendency toward the adoption of online services for daily transactions has increased the need for advanced authentication services in the country.
According to the Federal Trade Commission (FTC), it was estimated that USD 16.9 billion was stolen from 16.5 million US consumers in 2017 (compared with USD 16.3 billion and 15.2 million in 2016) through identity thefts and fraud.
Competitive Landscape
The advance authentication market in the financial services industry 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 Increasing Volume of Non-cash Payments/Transactions Fraud
4.3.2 Rising Need for Prevention of Threats due to the Increasing Number of Cloud Users
4.3.3 Increasing Number of Security Breaches, Identity Theft Threats, and Related Costs
4.4 Market Restraints
4.4.1 Privacy Concerns Regarding the Authentication Vendor and High Costs of Token
4.4.2 The Presence of Legacy Systems in the Financial Services Sector and Software Migrating Cost
4.5 Industry 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
6 MARKET SEGMENTATION
6.1 By Authentication Method
6.1.1 Smartcards
6.1.2 Biometrics
6.1.3 Mobile Smart Credentials
6.1.4 Tokens
6.1.5 Other Authentication Methods
6.2 Geography
6.2.1 North America
6.2.2 Europe
6.2.3 Asia-Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Fujitsu Ltd.
7.1.2 Gemalto N.V
7.1.3 NEC Corp.
7.1.4 CA Technologies Inc.
7.1.5 Safran Identity and Security SAS
7.1.6 Dell Technologies Inc.
7.1.7 Lumidigm Inc.
7.1.8 Validsoft Ltd.
7.1.9 Pistolstar Inc.
7.1.10 SecurEnvoy Ltd.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Authentication Method
Smartcards
Biometrics
Mobile Smart Credentials
Tokens
Other Authentication Methods
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Modular Data Center 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 modular data center market was valued at USD 6.32 billion in 2018. The modular data center solution units facilitate the physical build of IT infrastructure. The modular approach can be focused on the data center level or at a more granular level. For instance, more granular approaches can go down to the rack level. As the market for x86-based servers, storage, and network equipment has grown, end users across a broad spectrum of vertical markets have been exploring ways to find more effective methods of installing and managing data center equipment.
The modular approach of data centers has been gaining enterprises’ attention, owing to its ability of timely deployment and incremental expansion. Unlike the traditional way to implement the entire capacity at once to meet future demands, modular data center design enables an incremental addition of capacity.
Organizations are looking toward modular services to optimize their infrastructure by selecting the desired services from the available integrated portfolio. With standardized delivery deployment, several service options are made available from online catalogs. These options offer the ability to lower the upfront investment for companies. IBM’s integrated managed infrastructure services is a fine example of this situation.
Disaster recovery has become an important factor for organizations investing in modular data centers. The market is driven by various industry trends, which are moving toward more agile practices. The mobility and scalability of the modular data centers further drive the market. However, price and vendor lock-in are constraining the market growth.
Scope of the Report
Modular data center solutions represent one approach that is designed to enhance installation and management efficiencies of data center hardware infrastructure. For instance, a brick-and-mortar data center facility typically takes 18 months of planning and implementation to make it serviceable. Modular solutions can reduce the time that it takes to bring a functional data center online to weeks.
Key Market Trends
Telecom Sector to hold Major Share
The telecom providers, to optimize their networks and the digital services running on them, are going to need more compute and storage capacity to be deployed across carrier networks. Additionally, the increasing 4G penetration and the upcoming 5G wave are further motivating telecom vendors to invest in the modular data center market for more network functionality and much higher ability to manage networks around the edges.
Intel is working on distributing data centers across the cloud with the help of 5G technology and the edge data center movement. The company is carrying out many large interoperability trials with Huawei, Nokia, and Ericsson.
The increasing mobile penetration and rising government laws regarding data security concerns are also fueling the adoption of modular data centers among telecom vendors.
For instance, in 2017, mobile data traffic, globally, reached 11 Exabyte’s (11 billion gigabytes) a month, climbing rapidly into the future. Additionally, in April 2017, the Australian government introduced data retention law, which states that telecommunication companies, operating in the region, need to store and manage customer data for at least two years. Hence, these laws are forcing companies to adopt data centers.
North America holds the largest Share
Being the hub for large-scale organizations and armed with higher internet penetration, North America accounts for the major share of the global modular data center market. Cutthroat competition in the market prompts organizations to adopt cost-effective solutions. The United States is a major market for global modular data centers. The organizations are investing in modular data centers to gain significant cost benefit, which is associated with their deployment. Big data and IoT penetration in the region will transform the demand for next-generation modular data centers. With the existing competition, organizations are under pressure to evolve IT scalability as well as their capacity.
Competitive Landscape
The modular data center 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. For instance, in November 2018, Huawei opened a cloud data center in South Africa, and the services will be available by the end of 2019. Further, in Jan 2019, it introduced a new data center switch that is powered by an artificial intelligence (AI) chip, which is designed to improve the performance and reduce latency to near zero.
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 Mobility and Scalability of Modular Data Centers
4.3.2 Disaster Recovery Advantages
4.4 Market Restraints
4.4.1 Limitations in High Performance Computing and Threats from Substitutes
4.5 Industry 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
5 MARKET SEGMENTATION
5.1 By Solution and Services
5.1.1 Function Module Solution
5.1.2 Services
5.2 By Application
5.2.1 Disaster Backup
5.2.2 High Performance/ Edge Computing
5.2.3 Data Center Expansion
5.2.4 Starter Data Centers
5.3 By End User
5.3.1 IT
5.3.2 Telecom
5.3.3 BFSI
5.3.4 Government
5.3.5 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 & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Huawei Technologies Co. Ltd
6.1.3 Dell EMC
6.1.4 HPE Company
6.1.5 Cisco System Inc.
6.1.6 Vertiv Co
6.1.7 Schneider Electric SE
6.1.8 Cannon Technologies Ltd
6.1.9 Rittal Gmbh & Co. KG
6.1.10 Instant Data Centers LLC
6.1.11 Flexenclosure AB
6.1.12 Colt Group SA
6.1.13 Bladeroom Group Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Solution and Services
Function Module Solution
Services
By Application
Disaster Backup
High Performance/ Edge Computing
Data Center Expansion
Starter Data Centers
By End User
IT
Telecom
BFSI
Government
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Data Center Liquid Cooling 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 data center liquid cooling market is expected to register a CAGR of over 25.2% during the forecast period 2019-2024. Rising investments in high-density technology, high-performance computing, and power smart city initiatives are making state and local players engage in developing the most reliable and efficient methods to cool their data centers.
Increasing volumes of data generated are creating the demand for data centers, and these centers consume a considerable amount of energy. In 2016, data centers consumed 416.2 terawatt hours of energy, accounting for 3% of global energy consumption, and nearly 40% more than the entire United Kingdom. This consumption is expected to double every four years.
It is estimated that the Chinese data centers consume around 1.5% of China’s energy, and the data centers in the United States consume almost 2% of total energy in the United States. The number of data centers is expected to grow further in the coming years.
Moreover, traditional data centers are highly inefficient, with their cooling systems consuming around 39% of the total power, as most of the data centers around the world are still relying on traditional cooling solutions.
The energy consumption in data centers has been increasing with the growth in cloud computing technology. Thus, there has been a rising interest in the environmental performance of data centers. Hence, companies have started managing this concern on their premises.
With increasing technological advancements, the focus of companies is now shifting toward reducing power consumption to improve efficiency and reduce costs. Therefore, the demand for efficient facility systems is growing. Regulatory compliances remain one of the major challenges for data center vendors. For instance, the European Union has been proactively attempting to cut down on emissions and power consumption in data centers.
Moreover, the Netherlands government has issued strict guidelines based on PUE metric to regulate DC power consumption in data centers. While these measures are needed to ensure environmental sustainability, in the short term they are de-stabilizing the data center vendor market.
Naturally, the cooling systems in the data centers are also being checked for efficiency. Data centers are complex and carry the uncertainty of quantity, timing, and location metrics. The cooling systems need to engage in high-density zones, and it can be an onerous task for traditional cooling mechanisms. A typical data center cooling system must be pre-engineered, standardized, and modular. They are required to be scalable and flexible to meet the data center needs. This is difficult in today’s world with companies looking to cut down costs and being unwilling to spend much on the high-end customized cooling systems.
Companies are also unsure of whether their cooling systems, which are currently in use, can sustain the future server load or not. This makes infrastructural changes frequent and the companies unwilling to invest much in newer cooling systems.
The current market is highly price-sensitive and low on differentiation. Data center operators are also wary of potential downtime losses while shifting to new cooling systems. Hence, they are willing to overlook operational expenditure and continue to use outdated cooling systems. This trend slows the adoption of new technologies that are perceived to be untested.
Scope of the Report
Data center cooling solutions are used for the maintenance of optimal operating condition required for the smooth operation of data centers. The data centers process a massive amount of data within a short interval of time, which produces a lot of heat and might damage the equipment. Cooling is necessary for optimum operation of data centers, and hence consumes the majority of power.
Key Market Trends
Banking/Financial Services Segment expected to register a Significant Growth
Banks are increasingly adopting public cloud services, as they provide flexibility and agility, resulting in a decrease in the number of data centers that are present and redundant without much use, thus augmenting the demand for the data center liquid cooling market.
According to a survey by Intel Security, the number of companies adopting hybrid cloud services alone has risen by three times the previous size. Cloud providers have been increasing security and providing better and robust systems, which can be highly beneficial for companies. Banks have been adopting the use of biometric authentication tools, to combat identity theft and fraud. Increased digitization and connectivity have paved the way for many entry points in the system, which have been creating more amount of data, driving the need for data centers.
The use of data centers in the domain has slowed down, owing to the advent of new trends, such as software-defined data centers, which migrated the storage to a more distributed framework, unlike the typically used data centers. The Bank of America has shut down three data centers as they have been migrating to similar architecture. This has saved the cost of maintaining these data centers for the company. Through the existence of such trends, banks have been unveiling new data centers to support their operations and activities. The Oversea-Chinese Banking Corporation has opened a new data center with an outlay of USD 182.5 million. This data center is expected to support the regional business requirements of 18 countries.
North America Anticipated to Hold a Dominant Share
In the United States, the demand and rate of adoption for cloud-based computing are rapidly increasing, owing to which, data centers are ascending in the country, thereby, propelling the utilization of data center liquid cooling.
Liquid cooling is now highly preferred over conventional air cooling, due to its greater efficiency and higher economic violability. The United States is home to many tech giants, such as Facebook and Apple, wherein, the volume of Big Data is tremendously increasing; moreover, companies are laying new strategies to ascend a number of data centers.
In June 2017, Facebook announced to lay a 200-mile cable to the new data centers in Mexico, which are likely to boost the market growth over the forecast period. Additionally, a few states of the United States are offering tax incentives, specifically to data centers. For instance, Florida approved use and sales tax exemption for every new data center built in the state, which is expected to present a positive impact on the US market growth.
Companies are rigorously investing in data centers to meet the growing demand from respective operations. For instance, the rising demand for cognitive capabilities in the United States has led IBM Corporation to build four new cloud data centers in the country. This is likely to encourage the utilization of liquid cooling technology in these data centers, thereby propelling the market growth over the forecast period.
Competitive Landscape
The data center liquid cooling 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 shares 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 shares and profitability. The companies operating in the market are also acquiring start-ups working on enterprise network equipment technologies to strengthen their product capabilities. In November 2017, Asetek served its existing OEM partner Fujitsu for the National Institute of Advanced Industrial Science and Technology (AIST). The order for Asetek RackCDU D2Câ„¢ (Direct-to-Chip) liquid cooling is expected to be used at the AI Bridging Cloud Infrastructure (ABCI) cluster, which is poised to become the fastest supercomputer system in Japan.
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 Increasing Demand For Data Centers
4.3.2 Green Data Center Developments And Reducing Energy Consumption
4.4 Market Restraints
4.4.1 Adaptability Requirements
4.5 Technology Overview
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
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Indirect Liquid Cooling
5.1.2 Direct Liquid Cooling
5.2 By End User
5.2.1 Banking/Financial Services
5.2.2 Manufacturing
5.2.3 IT and Telecommunication
5.2.4 Healthcare
5.2.5 Central/Local Government
5.2.6 Entertainment and Media
5.2.7 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 Russia
5.3.2.4 Norway
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Mexico
5.3.4.4 Rest of Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Asetek AS
6.1.2 Rittal GmbH & Co. KG
6.1.3 Schneider Electric
6.1.4 Mitsubishi Electric Corporation
6.1.5 Alfa Laval
6.1.6 Vertiv Co.
6.1.7 Midas Green Technologies LLC
6.1.8 Green Revolution Cooling Inc.
6.1.9 CoolIT Systems Inc.
6.1.10 Liquid Cool Solutions
6.1.11 Chilldyne Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Investment Analysis
7.2 Future of the Market
MARKET SEGMENTATION
By Type
Indirect Liquid Cooling
Direct Liquid Cooling
By End User
Banking/Financial Services
Manufacturing
IT and Telecommunication
Healthcare
Central/Local Government
Entertainment and Media
Other End Users
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
Russia
Norway
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
AI (Artificial Intelligence) Image Recognition 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 AI image recognition market was valued at USD 1.41 billion in 2018 and is projected to reach a market value of USD 5.32 billion by 2024 at a CAGR of 24.7% over the forecast period (2019 – 2024). Image recognition technologies comprise voice, iris, palm, hand vein pattern, fingerprints, retina, hand geometry, facial pattern recognition, object identification etc. Image recognition based on these indications can be applied across various fields, such as vehicular safety, advertising, security and surveillance, biometric scanning machines, pedestrian recognition, and E-commerce.
The adoption of artificial intelligence (AI) technology is rising, owing to its ability to enhance and automate operations and enrich the user experience. Governments are also focusing on increasing their AI capabilities to revolutionize various sectors, from healthcare to transport. EU has committed to invest EUR 1.5 billion in AI to catch up with the United States and Asia.
From the technical side, skills are needed to implement and develop road map infrastructure, manage security, and capture and analyze data.
According to Eirik Thorsnes at UNI Research in Bergen, Norway, “There has been a tremendous development in recent years, and we are now surpassing the human level in terms of image recognition and analysis. Computers never get tired of looking at near-identical images and may be capable of noticing even the tiniest nuances that we humans cannot see. In addition, as it gets easier to analyze large volumes of images and video, many processes in society can be improved and optimized.
Scope of the Report
Image recognition, in the context of machine vision, is the ability of software to identify objects, places, people, writing and actions in images. Computers can use machine vision technologies in combination with a camera and artificial intelligence software to achieve image recognition. Image recognition is used to perform a large number of machine-based visual tasks, such as labeling the content of images with meta tags, performing image content search, guiding autonomous robots and self-driving cars, and in accident avoidance systems.
Key Market Trends
Banking Sector Expected to Witness Prominent Growth
Images are real and omnipresent, and unlike other forms of data, they cannot be forged easily. These traits make images repositories of big data, and hence, exploiting such data can be a great source of information for financial institutions.
The banking industry has been a major benefactor of AI, with firms in the BFSI industry relying on the technology for a diverse range of applications, like personalizing communication with customers, staying competitive in a continuously evolving market, and improving the productivity drastically through the automation of redundant tasks (which is a major task due to the conventional infrastructure in a number of old school financial institutions).
Banks have tons of unstructured data on interactions with customers, customer photographs, and old documents, to name a few. The data, if deciphered well, can provide valuable inputs for the future of the financial institutions.
Facebook can now identify and map 98% of its images correctly to the right person. Imaging technology is being used for identifying and removing fake social accounts. Such image-based fake identification has immense potential in enriching credit-scoring and risk-modeling of banks. Images could also be used by underwriters in risk assessment and fraud identification.
Asia-Pacific Expected to Witness Rapid Growth
Image recognition solutions have been gaining prominence incessantly in Asia-Pacific, particularly to cater to the growing need for security solutions due to the advent of the smart homes and smart city initiatives in the developing economies in the region.
Due to the growth of the e-commerce segment of the retail industry in the recent past, vendors in the Asia-Pacific market are investing majorly in image recognition technologies to offer an enhanced digital experience to consumers.
Government initiatives and investments have been supportive of the market growth, which has further been complemented by the presence of major players, such as IBM, Microsoft, and Google, among others, in Asia-Pacific. Singapore’s National Research Foundation has invested about USD 107.64 million in the AI. SG initiative, to uplift the artificial intelligence technology.
Artificial intelligence offers the region massive opportunities for growth, innovation, and productivity, with the potential to address key issues in the social environment within the fast developing economies.
Competitive Landscape
The market is fragmented. The key players operating in this market are innovating their products on a regular basis and this is leading them to gain sustainable competitive advantage.
Due to this, there is always a high competition between players to innovate and introduce new products. The intense competition will drive down prices and can decrease the overall profitability of the industry.
Two of the key players in the industry are AWS and Alphabet. Some of the key developments in this market include:
A new capability being introduced to visual recognition by IBM, namely, color tagging. The new capability allows users to quickly assess the dominant color schemes within an image and turn these into actionable insights.
Google launched a camera based on artificial intelligence, which helps in deep integration between hardware and software. This can play a vital role in military or defense mechanism to record.
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 Growing AI Adoption
4.3.2 Increasing Use of Big Data Analytics
4.3.3 Declining Costs of Hardware
4.4 Market Restraints
4.4.1 Lack of Technical Expertize
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
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Hardware
5.1.2 Software
5.1.3 Services
5.2 By End User
5.2.1 Automotive
5.2.2 BFSI
5.2.3 Healthcare
5.2.4 Retail
5.2.5 Security
5.2.6 Other End Users
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Alphabet Inc.
6.1.3 Amazon Inc.
6.1.4 Intel Corp.
6.1.5 MICRON TECHNOLOGY INC.
6.1.6 Clarifai Inc.
6.1.7 Microsoft Corporation
6.1.8 Nvidia Corporation
6.1.9 Qualcomm Corp.
6.1.10 Samsung Electronics
6.1.11 Xilinx Inc.
7 MARKET INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Hardware
Software
Services
By End User
Automotive
BFSI
Healthcare
Retail
Security
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa