Electronic Components Market Booming Trends, Share, Growth Challenges, Key Players, Market Segments and Competitors Analysis | COVID-19 Effects

Market Highlights

Market Research Future (MRFR), in its recently published research report, asserts that the global active electronic components market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 10% CAGR in the forecast period.

Primary Drivers and Top Barriers

Increasing penetration of smartphones as well as other wearable devices, along with industrial automation, has boosted the demand for active electronic components. Soaring demand for active electronic components in the healthcare and automotive sectors combined with surging adoption of MEMS technology benefits the global active electronic components market.

Increasing modernization of vehicles coupled with mounting demand for luxury and technologically advanced vehicles has also led to a high adoption of active electronic components. Growing applications of active electronic components in consumer goods paired with rising use of renewable energy resources induce market growth. In addition, advancing use of active electronic components in connected devices has helped the market achieve further success over the years.

The market also profits from surging concerns about energy efficiency and the rising trend of IoT, which is prompting players to come up with low-cost and energy-efficient active electronic components. Moreover, frequent technological advancements and accelerated demand from developing economies are believed to be working in favor of the active electronic components market.

Segmentation:

The global electronic components market is analyzed on the basis of product type and end-users.

On the basis of product type, the active electronic components market is segmented into display technologies, optoelectronic devices, semiconductor devices, vacuum tubes, and others. By product type, Integrated circuits is leading the active electronic components market with USD 76.96 Billion in 2016 and is poised to rise with 11.42% CAGR.

On the basis of end-users, the market is further segmented into consumer electronics, healthcare, automotive, aerospace & defense, information technology, and others. By end-users, consumer electronics is leading the active electronic components market and has produced USD 73.5 Billion in 2016 and is poised to rise at 11.95% CAGR.

Regional Insight

The report offers a thorough geographical distribution of the global active electronic components market across North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

North America is expected to reign over the global active electronic components market, predominantly owing to the mounting demand for business intelligence and security system. Surge in IoT, along with rising automation across industries in the region also adds to the market strength. Surging adoption of renewable energy sources as well as micro-electromechanical systems will also induce market growth in the region.

APAC can cross its current position in the global market and garner a better position in subsequent years. The regional market growth is the result of a high demand for energy-efficient devices along with the rising adoption of smartphones. Countries like India, China, and Japan are the top-performing markets for active electronic components in the region, thanks to the increasing penetration of high-tech devices, advancements in auto electronics, and surging digitization, among others.

Rapid industrialization, as well as digitization, strong economic growth, increased need for miniaturization and development of auto electronics, can help Europe gain momentum in the worldwide market in the years ahead.

Significant Players

Significant companies shaping the worldwide active electronic components market include Renesas Electric Corporation (Japan), Texas Instruments, Inc. (U.S), Analog Devices, Inc. (U.S.), Maxim Integrated (U.S.), Panasonic Corporation (Japan), Toshiba Corporation (Japan), STMicroelectronics (Switzerland), NXP Semiconductors N.V. (Netherlands), Hitachi AIC Inc. (Japan), Infineon Technologies AG (Germany), to name a few.

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Industrial Automation Market Segments, Regional Analysis and Competitive Analysis – Forecast to 2027 | COVID-19 Effects

Market Synopsis

The global industrial automation market is predicted to expand at 6% CAGR over the forecast period (2016-2022). The market is expected to reach USD 149 billion by 2022 owing to the Internet of things, asserts Market Research Future (MRFR). Industrial automation is the use of computer-aided devices to operate industrial processes by replacing human involvement. Industrial automation operates multiple processes in a controlled manner, thus increasing production quality by reducing time.

Drivers and Constraints Impacting the Market

Industrial automation entails the integration of components like automation control system and sensors at various levels such as supervision level, sensor level, automation level, and enterprise level. Industry players are focused on increasing the efficiency of manufacturing process which is one of the major factors driving the market. With the development of Internet of Things, computer-aided systems, and engineering technologies, the global Industrial Automation Market is estimated to stimulate over the forecast period. The increasing demand for fast production capacities in telecom networks, automotive assemblies, heat treating boilers and ovens, and others is also fueling the market growth.

On the flip side, decreasing human labor along with lack of awareness and scarcity of investment for several companies might inhibit the market growth during the assessment period. Moreover, steep cost needed to set up the systems for machinery products along with expensive R&D activities is likely to hamper the global market growth in the coming years.

Key Players

The prominent Industrial Automation Market Companies are – Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yokogawa Electric (Japan), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan)

Global Industrial Automation Market: Segmental Analysis

The global industrial automation market has been segmented on the basis of type, technology, end-users, and region.

  • By mode of type, the global industrial automation market has been segmented into programmable automation and fixed automation.
  • By mode of technology, the global industrial automation market has been segmented into Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Human Machine Interface (HMI), Distributed Control System (DCS), and others.
  • By mode of end-users, the global industrial automation market has been segmented into pharmaceuticals, automotive & transportation, food & beverages, machine manufacturing, electric power generation, aerospace & defense, electrical & electronics, chemical, oil & gas, mining & metals, and others.

Regional Insights

Geographically, the industrial automation market spans across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

Among all the regions, Asia Pacific is anticipated to dominate the global market owing to the growing application areas on a yearly basis. Advancement in technologies along with integration with current manufacturing environment is predicted to stimulate the market growth. Moreover, the presence of manufacturing companies and developing economy of the Asian countries is likely to contribute to the growth of the market during the assessment period.

North America holds the second position owing to the high demand for semiconductor products and manufacturing. Technological advancements in this region is also another major factor stimulating the market growth during the assessment period.

Meanwhile, Europe is anticipated to showcase a positive growth rate during the forecast period due to the increasing automotive and power generation industries in this region.

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Electronic Paper Display Market Comprehensive Plans, Competitive Landscape and Trends by Forecast 2027 | COVID-19 Effects

Market Overview: 

Electronic paper has gained significance owing to concerns of environmental damage and the breakthroughs in devices and inks. It is also known as E-paper or radio paper. Development of various mediums for displaying e-paper and the proliferation of portable devices is likely to lionize its scope in the coming years. The global E-Paper Display Market report by Market Research Future (MRFR) takes a look at developments of the burgeoning technology, applications, and various drivers and challenges for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry is analyzed with perspective to different countries.

Market Scope

The global electronic paper display market is expected to grow from USD 898.8 million in 2017 to USD 5,734.0 million by 2023, at a compound annual growth rate (CAGR) of 37.2% during the forecast period.

Alternative technologies to LCDs and LEDs, growing concerns for the environment, and large application areas are major drivers of the market. The affordable e-paper display technology owing to being lightweight, causing less fatigue to eyes, and exceptional reading facility even at night can bode well for the market. Initiatives for development of smart cities and smart homes and procurement of smart devices can fuel the global e-paper display market growth. Smart signage for architecture, retail, and transportation owing to its energy-efficiency can be lucrative for the market.

Investments in colored e-display technologies can expand the scope of the market. This is exemplified by the launch of a new color e-paper made by the collaboration of Wacom and E Ink Holdings in 2019. But recurring problems during refreshing can lead to viable product being launched only by 2021.

The COVID-19 pandemic has led to a decline in Ad revenue with print publishing houses experiencing heavy losses. The market may face threats from printing houses due to the dissemination of e-papers in PDF formats on messaging applications. To this regard, digital publishing firms have agreed to partner with media houses for releasing e-papers to regain their customer base and sustain during this period.

Key Players

Key players leading the E-Paper Display Market include Pervasive Display Inc. (Taiwan), E Ink Holdings Inc. (Taiwan), Sony Corporation (6758) (Japan), Plastic Logic GmbH (Germany), Samsung Display Co. Ltd. (South Korea), LG Display Co. Ltd. (034220) (South Korea), Visionect (Slovenia), Cambrios Technologies Corporation (U.S.), CLEARink Displays (U.S.), and Bridgestone Corporation (Japan) among others.

E-Paper Display Market – Segmentation

The e-paper display market has been segmented on the basis of product, technology, and end-user.

  • On the basis of product, the market has been segmented into e-readers, mobile devices, wearables, smart cards, auxiliary displays, poster & signage, and electronic shelf label. E-readers are likely to hold the largest market share owing to the popularity of the devices, whole mobile devices can display a stellar growth rate during the forecast period.
  • By technology, the market has been segmented into cholesteric display, modular interferometric display, electrophoretic display, electrowetting display, and others. The electrophoretic display segment is expected to garner huge revenues for the global e-paper display market owing to the use of e-inks for digital publications and e-readers such as Amazon Kindle. Applications in digital and transport signage can sustain the segment growth till 2023.
  • By end-user, the market has been segmented into media & entertainment, retail, automotive, consumer electronics, and healthcare. Consumer electronics is projected to hold the largest market share till 2023.

E-Paper Display Market – Regional Analysis

By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America accounted for the largest market share in the e-paper display market, owing to the technological advancements in the region. It can reach a value of USD 1,885.5 million by 2023. The success of e-school tablets, uptick in sales of smart devices, and developments in display technologies an fuel the market growth.

APAC is expected to grow at a significant rate over the forecast period to reach a valuation of USD 1,569.1 million by 2023. The decline of print media houses and shift to electronic formats of reading can drive the market growth in the region.

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Smart Building Technology Market Competition, Growth Prediction, Market Trends, Upcoming Trends and Opportunity Assessment | COVID-19 Effects

Market Overview

The Global Smart Building Market is expected to reach USD 25,725.0 Million by 2025 at a CAGR of 17.44% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.

The evolution of technology has enabled smart building technology to share information about what goes on between buildings and systems to optimize building performance. The rising adoption of IoT-enabled building management system, raising awareness about space utilization, and increased industry standards and regulations are resulting in the growth in the Smart Building Market. Factors such as the growing need for energy-efficient buildings and increasing government initiatives to encourage smart infrastructure are contributing to the growth of the smart building market. However, lack of technical expertise and infrastructure in developing countries is expected to hamper the market growth during the forecast period.

Key Players

The Key Players of the Global Smart Building Market are Control4 Corporation (US), United Technologies Corporation (US), HCL Technologies Limited (India), Panasonic Corporation (Japan), Advantech Co. Ltd (Taiwan), Johnson Controls International PLC (Ireland), Hitachi Ltd (Japan), Sony Corporation (Japan), IBM Corporation (US), Cisco Systems (US), Honeywell International, Inc. (US), Emerson Electric Co. (US), GEZE GmbH (Germany), Overkiz (France), ABB Group (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Legrand SA (France), and Huawei Technologies Co. Ltd, (China).

Smart Building Global Market   – Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global smart building technology market based on automation and application.

By automation, the global smart building market is segmented into network management system, infrastructure management system (parking management system, smart water management system, and elevators and escalators management system), building energy management system (lighting control system, HVAC control system, and energy management system), and intelligent security system (emergency management system, access control system, and video surveillance system). Of these, the building energy management system segment will lead the market over the forecast period.

By application, the global smart building market is segmented into residential, government and public infrastructure, industrial, and commercial. Among these, the commercial application segment will dominate the market in the forecast period.

Smart Building Market   – Regional Analysis

By region, the global smart building market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Reduction in management costs, growing awareness for energy and water management, safety and security, emergence of latest smart building solutions which leverage new technologies like artificial intelligence, deep learning, data analytics, cloud computing, big data, and IoT for saving energy, increasing occupancy comfort, reducing operational expenditures, and meeting increasingly strict global regulations and sustainability standards, technological developments in Canada and the US, heavy investments being made by US organizations into smart building measures like building systems integration and building controls for leveraging energy storage and energy efficiency and also deliver safer, more sustainable, and smarter buildings, and the Canadian government taking initiatives for supporting the countries commitment to safeguard the environment and its resources via making federal buildings highly energy efficient and cutting down greenhouse emissions are adding to the global smart building market growth in the region.

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Dynamic Random Access Memory Market Analysis, Growth Rate, Business Opportunities and Competitive Landscape

Market Overview: 

Dynamic RAM (DRAM) or dynamic random access memory is used in many processors for providing high computing capabilities and memory. Its simple design, high storage capacity, and low costs have led to its integration in latest laptops and desktop PCs. The global DRAM market report by Market Research Future (MRFR) contains estimations on size and growth coupled with the impact of the COVID-19 outbreak on growth enablers and hindrances for the period of 2018 to 2023 (forecast period).

Market Scope

The global Dynamic Random Access Memory Market is expected to exhibit a CAGR of 28.70% during the forecast period. It can reach a valuation of USD 328.59 billion by 2023.

The market is driven by rapid urbanization and adoption of smart devices, tablets, and personal computers. The high penetration rate of IoT and the increased computing capability of DRAM for machine learning and artificial intelligence applications can drive market demand. Advent of cloud computing and its utilization for scaling businesses online can induce demand for DRAM for high-speed data transmission and storage. The utilization in wearables and low cost of consumer electronic devices is a direct indicator of the large scope of the market.

Key Players

Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Powerchip Technology Corporation, Kingston Technology Corporation, Integrated Silicon Solution Inc., Transcend Information, Inc., Micron Technology, Inc. (Ticker: MU), Nanya Technology Corporation, ATP Electronics, Inc., and SK Hynix Inc. are some of top-notch companies that are profiled in MRFR’s report.

DRAM Market – Segmentation

The report also includes an exhaustive segmental analysis of the global dynamic ram access memory (DRAM) market, which covers DRAM type, DRAM technology and DRAM application. On the basis of DRAM type, the market has been segmented into FPM (Fast Page Mode), burst extended data output (BEDO), asynchronous DRAM, synchronous DRAM and extended data output (EDO). The synchronous DRAM (SDRAM) segment will continue to hold a dominate position throughout the assessment period. Towards the end of 2023, the segment is expected to reach a market valuation in excess of USD 120 Bn, exhibiting a strong CAGR. Device manufacturers are inclining towards SDRAM owing to its high functional capabilities. Moreover, SDRAM are more efficient than conventional DRAMs.

  • By Technology, the market has been segmented into DDR2, DDR5/GDDR5, DDR3 and DDR4. The DDR4 segment is likely to account for a predominant market share. The segment currently stands at a market valuation of more than 38 Bn and is expected to witness an impressive CAGR during the review period. The DDR5/GDDR5 segment is also expected witness a healthy growth over the next couple of years.
  • By Application, the market has been segmented into networking devices, gaming consoles, PCs/laptops and mobile phones. In 2017, the PC/laptop segment accounted for 43.4% market share and is likely to retain its dominance over 2023. The segment accounted for 31.50% CAGR between 2018 and 2023. In terms of value, the mobile phone segment is likely to hold the second spot throughout the review period.

Global DRAM Market – Regional Analysis

The regions that have been covered in the report include Europe, the Middle East, Africa, North America, Asia Pacific (APAC), and Latin America. The market in APAC is likely to remain highly attractive during the assessment period. In terms of value, APAC accounts for the largest share of the global DRAM market. In addition, APAC DRAM market is expected to post the highest GAGR till 2023. This is primarily owing to the rise of China an electronics manufacturing hub. In recent years, china has achieved tremendous feat as a manufacturing power house, catering to sectors such as automotive, electronics and consumer goods. Apart from China, countries such as Taiwan, South Korea and Japan are also making noteworthy contributions to the growth of the market in Asia Pacific. Asia Pacific is followed by North America and Europe respectively.

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Network Slicing Industry Opportunities, Challenges, Competitive Landscape and Gross Margin Analysis till 2027 | Coronavirus Effects

Market Highlights

The network slicing market will touch USD 1,936.67 million at a whopping 51.48% CAGR in the forecast period (2020 2027), states the latest Market Research Future (MRFR) report.

Drivers

Advances in 5G Technology to Boost Network Slicing Market

Advances in 5G technology will boost the market growth over the forecast period. 5G network slicing offers ultra-low latency to offer an advanced user experience with its superfast data transmission features that is fuelling its demand in mission-critical applications. It also allows for ultra-reliable communication with low latency for vehicle-to-vehicle communication in high-speed scenarios and crowded urban areas.

Opportunities

Increasing Mobile Data Traffic Volumes to Offer Robust Opportunities

The increasing adoption of network slicing in overcoming the challenges caused due to mobile data traffic will offer robust opportunities for the network slicing market in the forecast period. Government support, internet subscribers, and rising mobile data traffic will support market growth.

Restraints

Security Split to act as Market Challenge

Security fractures and other types of challenges like information sharing and exposure constraints may act as market restraint over the forecast period. Besides, network slice requests brokerage that may limit the growth of the adoption of network slicing services may also impede market growth.

Challenges

Economic Downturn due to COVID-19 Pandemic to act as Market Challenge

The economic downturn caused due to the COVID-19 pandemic may act as a market challenge over the forecast period.

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Segmentation:

The global network slicing market has been segmented based on application, end user, and component.

By component, the solution segment will lead the market over the forecast period for the increasing adoption of networking slicing solutions to deliver high-speed network coverage services across various end users.

By end user, the telecom operators will dominate the market over the forecast period for the increasing customer demands for high-speed connectivity services and major telecom operators partnering with global network solution providers for testing network slicing technologies for 5G networks.

By application, the healthcare industry will spearhead the market over the forecast period for the growing adoption of remote healthcare services across the world.

Regional Analysis

North America to Spearhead Network Slicing Market

North America will spearhead the market over the forecast period. Faster adoption of innovative technologies in Canada and the US, the region being most technologically advanced, the presence of several key players like CISCO Systems, Affirmed Networks, Parallel Wireless, Mavenir and AMDOCS, and the early adoption of 5G network services in different areas like AR/VR, automotive, and media and entertainment for the high customer digital engagement are adding to the global network slicing market growth over the forecast period. Besides, increasing adoption of technologies like IoT, network function virtualization, and cloud computing, rapid proliferation of 5G devices, favorable government policies and regulations, growing subscriber bases, and demand for broadband services are also adding market growth.

Key Players

Key players profiled in the global network slicing market report include Huawei Technologies (China), ZTE Corporation (China), Ericsson (Sweden), Affirmed Networks (US), CISCO Systems (US), Nokia (Finland), Samsung (South Korea), NTT Docomo (Japan), BT Group PLC (UK), NEC Corporation (Japan), Aria Networks (UK), Parallel Wireless (US), Mavenir (US), AMDOCS (US), and Argela Technologies (Turkey).

The global network slicing market is both fragmented as well as competitive for the presence of various international and domestic key players. Such players have encompassed innovative strategies to stay at the vanguard and also cater to the the burgeoning demand of consumers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more.

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Network Slicing Market Research Report: Information by Component (Solution and Services), End User (Telecom Operators and Enterprises), Application (Manufacturers, Healthcare, Automotive, Media & Entertainment, and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Forecast till 2026

Intelligent Document Processing Industry Analysis, Share, Growth, Statistics, Competitor Landscape, Trends and Forecasts | Coronavirus Effects

Market Highlights

The intelligent document processing market is growing at a rapid pace. Intelligent document processing (IDP) tool helps enterprises implement, understand, and gain insights from a vast set of raw and unstructured information (data). Rising demand for automated document processing drives market growth.

Besides, increasing demand for document automation technology to extract meaningful information from paper/electronic documents and other forms of unstructured data substantiates the market size. Market Research Future (MRFR) asserts that the global intelligent document processing market would reach exponential heights by 2027, posting a whopping CAGR during the forecast period (2020 – 2027).

Massive investments made into the development of IDP solutions influence market growth. Improved intelligent document processing is a key pillar in making unstructured data easily accessible, helping organizations to deliver business efficiency and innovation. Given the ongoing digital transformation and the changing business world, enterprises extensively use sustainable solutions and adapt to evolutions.

IDP combines human interaction and AI & machine learning (ML) technologies, managing component monitoring accuracy and automation. Besides, IDP provides a cost-efficient method for extracting key information from any unstructured document without human intervention. Automation of various processes has become imperative in enterprises irrespective of the size of organizations.

Additionally, the proliferation of digital transformation and automation, alongside the increasing uptake of IDP solutions among many enterprises across industries, favors market growth. Advances in automation tools and increasing uses of intelligent solutions influence the development of the market. Furthermore, vast advancements in technological infrastructure influence market growth. 

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Segmentation:

The market is segmented into components, deployment modes, technology, organization size, verticals, and regions. The component segment is sub-segmented into solutions and services. The deployment mode segment is sub-segmented into on-premises and cloud-based.

The technology segment is sub-segmented into natural language processing (NLP), optical character recognition (OCR), robotic process automation (RPA), Google vision, deep learning (DL), machine learning (ML), and artificial intelligence (AI).

The organization size segment is sub-segmented into small & medium enterprises and large enterprises. The vertical segment is sub-segmented into BFSI, government & public sector, retail & e-commerce, manufacturing, healthcare & life sciences, transportation & logistics, and others. The region segment is sub-segmented into Europe, North America, Asia Pacific, the Middle East & Africa, and others.

Intelligent Document Processing Market – Regional Analysis

North America leads the global intelligent document processing market. Factors such as the rapid adoption in the various industries and the rise in IT spending drive the regional market growth. Besides, the rapid adoption of advanced technologies such as AI, ML, NLP, and computer vision, alongside the strong presence of IDP vendors in the region such as Kofax, ABBYY, IBM, Parascript, WorkFusion, Hyland, and Extract Systems, act as major growth drivers for the market.

Global Intelligent Document Processing Market – Competitive Analysis

The well-established intelligent document processing market appears fragmented due to the presence of several key intelligent document processing companies. Big data as service providers incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch to gain a competitive advantage. Big data service providers focus on innovations and the development of new solutions, fueling the already intensified market competition.

Major Players:

Players leading the global intelligent document processing market include IBM (US), Kofax (US), WorkFusion (US), ABBYY (US), Automation Anywhere (US), Appian (US), UiPath (US), Datamatics (India), Deloitte (UK), AntWorks (Singapore), OpenText (Canada), Celaton (UK), HCL Technologies (India), Kodak Alaris (UK), among others.

Industry/ Innovation/ Related News

Aug. 29, 2021 —- ZEXPR, a leading IT boutique, sponsored the development of six products. BAD SISTEMS has been building various domain knowledge in different industries. Instead of taking paths like many other IT companies in Eastern Europe, the company focuses on new product development.

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Intelligent Document Processing Market Research Report: Information by Component (Solutions and Services {Professional Services and Managed Services}), Deployment Mode (Cloud-Based and On-Premises), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), Technology (Natural Language Processing (NLP), Optical Character Recognition (OCR), Robotic Process Automation (RPA), Google Vision, Deep Learning (DL), Machine Learning (ML), and Artificial Intelligence (AI)), Vertical (BFSI, Government & Public Sector, Retail and E-commerce, Manufacturing, Healthcare and Life Sciences, Transportation & Logistics, and Others), and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) – Global Market Outlook to 2027

Multichannel Order Management Industry Regional Analysis, Competitive Landscape and Forecast to 2027 | Coronavirus Effects

Market Highlights

The global multichannel order management market is growing rapidly. The market growth majorly attributes to the growing role of digitization in the global retail industry. The retail sector is witnessing vast adoption of multichannel order management technologies to offer personalized and engaging customer experiences. Besides, technological disruptions have helped the industry adapt to the sudden change in the market.

Enterprises are increasing investments to deploy sophisticated multichannel order management tools. Resultantly, the market is witnessing significant growth over the past few years. With the rising demand for these solutions that help increase customer experience and improve engagement & performance, the market is projected to continue to grow in the next six years.

According to Market Research Future (MRFR), the global multichannel order management market is poised to grow at an impressive CAGR during the review period (2020–2027). Besides, the increasing demand for multichannel order management solutions in verticals such as retail, ecommerce, healthcare, food & beverages, automotive, and pharmaceuticals substantiates the market shares.

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Segmentation:

The market is segmented into components, deployment modes, organization size, verticals, and regions. The component segment is sub-segmented into solutions, software, and services. The sub-segment service is bifurcated into consulting services, professional services, integration & deployment services, managed services, training & support services, and other services.

The deployment mode segment is sub-segmented into cloud and on-premises. The organization size segment is sub-segmented into small & medium-sized enterprises (SMEs) and large enterprises.

The vertical segment is sub-segmented into retail, e-commerce, wholesale, manufacturing, healthcare & life sciences, food & beverages, and other verticals. The sub-segment other verticals is bifurcated into automotive and pharmaceuticals. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.

Multichannel Order Management Market – Geographical Analysis

North America dominates the global multichannel order management market. The largest market share attributes to increasing numbers of enterprises adopting multichannel order management solutions. Besides, the early adoption of innovative advanced technologies for multichannel order management increases the market size.

Moreover, high R&D investments in developing related technologies, cloud solutions, and high economic growth foster regional market growth. Much of the market growth is driven by the surging popularity of e-commerce marketplaces, accounting for a major part of this increase.

Rapid developments in inventory and order management solutions, designed specifically for online retails, create significant opportunities, enabling brands to build operational efficiencies required to scale rapidly in this competitive environment. The North American multichannel order management market is poised to retain its dominance throughout the forecast period.

Multichannel Order Management Market – Competitive Analysis 

Highly competitive, the multichannel order management market appears fragmented due to the presence of several notable players. Leading players adopt strategies like collaboration, mergers & acquisitions, expansion, and technology launch to gain a larger competitive share.

These players also make substantial R & D investments in developing adept technologies. Considerable investments go into expansion plans to increase global reach and to gain diverse expertise.

Major Players

Players leading the multichannel order management market are IBM, Oracle, SAP, Salesforce, HCL Technologies, Zoho, Brightpearl, Stitch Labs, Selro, Linnworks, Vinculum, Freestyle Solutions, Aptean, Etail Solutions, and SellerActive, among others.

Industry/Innovation/Related News:

Aug 26, 2021 — Increff (India), a leading SaaS company offering supply chain & warehousing solutions to fashion & lifestyle brands, announced its partnership with Namshi, the largest online multi-brand fashion platform, and Aramex, a multinational logistics, courier & package delivery company.

The agreement would enable these businesses to access Increff’s multichannel smart fulfillment platform – Assure, a web-based cloud-hosted WMS and OMS solution. Assure allows brands to track individual pieces of inventory through serialization, using Unique Piece Barcoding (UPB), and simultaneously expose full stock across all sales channels.

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Multichannel Order Management Market Research Report: Information by Component [Solution, Software, and Services (Professional Services, Consulting Services, Integration and Deployment Services, Training and Support Services, and Managed Services)], Deployment Mode (Cloud and On-Premises), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises (SMEs)), Vertical (Retail, eCommerce, and Wholesale, Manufacturing, Healthcare & Life Sciences, Food & Beverages, and Other Verticals (Automotive and Pharmaceuticals)), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2027

Event Management Software Market Opportunities, Challenges, Competitive Landscape and Gross Margin Analysis till 2027

Market Highlights

According to the analysis by marketing research Future Reports (MRFR), the worldwide marketplace for event management software is probably going to value USD 14.56 Billion with a CAGR of 11.68% during the review period from 2019 to 2025. The growing number of management applications in smartphones is estimated to influence the worldwide event management software market 2020. The increasing ownership of smartphones is probably going to reinforce the market. As per the study by MRFR, quite 2 billion people use smartphones for his or her personal and professional use. Moreover, technological advancement is playing an important role in expanding the market. Moreover, easy affordability of smartphones, high accessibility, and excess social media is users routine life is playing a pivotal role is actuating the market.

However, lack of awareness in developing countries is probably going to hinder the market size. Moreover, the shortage of technological expertise and therefore the increasing cyber-threats is probably going to affect the privacy and security of the info . These factors are likely to affect the expansion of the worldwide market within the forthcoming period. On the opposite hand, the outbreak of COVID-19 is projected to bring a small impact on the worldwide market size. Various regions are influenced thanks to the spread of coronavirus. the info experts at MRFR are analyzing the aftermath of COVID-19. we’ll provide an impression analysis report on COVID-19.

Key Players

The established competitors of the worldwide event management software market are Active network LLC, Centium Software, Cvent, Inc., etouches, Eventbrite, Ungerboeck Software International, Bizzabo, Certain Inc., the heart beat Network, Webconnex, and a couple of more.

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Homomorphic Encryption Market Growth Rate, Business Opportunities and Emerging Technologies- Forecast to 2027

Market Highlights

Homomorphic encryption may be a sort of encryption that aids in computation through conversion in ciphertext so as to take care of the originality of knowledge during the method of transmission. As per the report published by marketing research Future (MRFR), the worldwide homomorphic encryption market is anticipated to expand at a notable CAGR of7.55% during the forecast period of 2016-2027 and is registered to succeed in the valuation of USD 268.3 Mn by the top of the forecast period.

Market Drivers and Restraints:

The ubiquity of cloud-based services within the networking space has compromised the safety of knowledge at multiple levels. Increasing concern regarding the secure delivery of knowledge due to the high risk of knowledge leakage is inducing high demand for encoding , leading to the expansion of the worldwide homomorphic encryption market. The advanced features of homomorphic encryption system like complex calculations are often performed on encrypted data without compromising the integrity of encryption and high-end data security are propelling the expansion of the worldwide homomorphic encryption market.

Growing investments by various industrial sectors for adopting cloud-based solutions and rise in demand for secured data transmission due to the increasing cybercrime activities are fueling the expansion of the worldwide homomorphic encryption market. However, lack of upgrades and complexity of the systems are likely to restrain the expansion of the worldwide homomorphic encryption market during the forecast period.

Industry Updates:

On 29th August 2018, Vault, an Australian cloud services provider, alongside QuintessenceLabs (QLabs) and Ziroh labs, has announced a secure enterprise file synchronization and sharing (EFSS) proof of concept which is aimed toward data protection. These Canberra-based companies will compile QuintessenceLabs’ quantum key generation and key management with Vault’s protected cloud and Ziroh Labs’ homomorphic encryption technology, calling the top result as ‘full entropy as a service.’

Key Players:

The prominent players profiled by MRFR within the report on the worldwide homomorphic encryption market are Gemalto (Netherlands), Oracle Corporation (the U.S.), Microsoft (the U.S.), IBM Corporation (the U.S.), Galois Inc (the U.S.), CryptoExperts (France), Netskope (the U.S.)

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