Market News Point

Enterprise resource planning (ERP) has become a critical part of all organizations irrespective of their size. ERP streamlines business processes such as accounting, procurement, human resource, and others, resulting in improved productivity, efficiency as well as collaboration. The traditional ERP systems took longer time to be implemented, required high upfront cost, and ample of hardware, software, and technical expertise. The need for high return on investment (ROI) and lower upfront cost have been major drivers for the growth of cloud ERP market. BFSI industry was the largest adopter of private cloud deployment in cloud ERP market in 2017, owing to the involvement of sensitive data such as account details of high-income group (HNI), traders’ operations, and other critical data. Since, cloud ERP incorporates both critical and non-critical datasets such as sales data, financials, human resource and others, hybrid deployment model is projected to exhibit fastest growth during the

Smart cities refer to cities built on smart and intelligent solutions and new technologies. The goal of smart cities is achieved by adoption of smart parameters such as smart energy, smart building, smart transportation, smart healthcare, smart governance, smart education, and involvement of smart citizens. Further, the smart cities market is gaining significant growth globally due to huge investments by public and private players, including the government of various countries across the globe. Smart cities solutions can further be classified as combination of hardware and software components. The market for smart cities is also gaining interest due to advancement in automation technology and adoption of internet of things across various industries, globally. Further, increasing adoption of advance technologies helps in enhancing the country’s infrastructure components, including urban mobility, public security and safety, efficient energy management, and waste management. Mark

Market Overview Mobile cloud music services have brought a significantly notable change in the music consumption patterns of the present era. The service enables consumers to access music through cloud storage platforms from anywhere on a subscription fee basis. Internet connectivity is required to be able to access and download the music from platforms offering mobile cloud music services.The availability of in-built playlists and access to a wide variety of music are some of the special features that will contribute to the growth of mobile cloud music services market . Market Dynamics Now-a-days, music is being followed religiously as a trend, by almost every human being on earth. This has ascended the need to provide convenient access to music by consumers. Asia-Pacific is expected to witness the highest growth in the mobile cloud services market owing to the growing number of smartphone users and establishment of network infrastructure to enable improved internet con

Market Overview Library management software is an enterprise resource planning and management software for a library, which is used to carry out the library functions such as to track items, bills paid, orders received, and patrons who had borrowed books. Today, librarians are well aware of their increasingly complex relationships concerned workflow, content and discovery. In a bid to enable efficient management of the complexities in libraries, universities and other types of non-academic library environments deploy library management software systems. Library management software market tends to draw huge amount of revenues from medium to large or national level library management systems deployment and maintenance contracts. Market Dynamics The evolution of newer library management technologies is leading to the replacement of existing ones, which is in turn expected to drive the library management systems market growth in the years to come. There exists a huge scope for th

The growing demand for automated processes and instruments from large enterprises along with rising adoption of internet of things (IoT) across various industries are some of the key factors driving the growth of process automation and instrumentation market . Process automation is a technology-enabled automation of complex and repetitive manual processes. By simplifying and streamlining organizational process, process automation and instrumentation optimizes collaboration between resources, increases productivity, provides transparency, reduces cost, and assures compliance. Based on component, the process automation and instrumentation market has been segmented into hardware, software and services. The hardware category held the largest market share in terms of revenue in 2017, owing to its high deployment among large enterprises. The hardware category is further bifurcated into controllers, switches, human machine interface (HMI), remote telemetry unit (RTU) and input/output (I

Remote asset management is an analytical system that enables remote monitoring and maintenance of assets, machines and systems. Remote asset management provides real-time two-way communication between the organization’s asset and central monitoring application, which results in better control and management of the assets. Remote asset management thus provides advantages of cost-effectiveness, efficient and convenient surveillance operations, which further push the organisations towards the adoption of the technology. The unprecedented advantages offered by remote asset management systems are providing a boost to the remote asset management market . The systematic integration of emerging technologies such as internet-of-things (IoT), cloud and imaging are making it possible for the organizations to increase security, save cost and improve uptime at remote offices. The estimated increase in the number of IoT connected devices and the globalisation have resulted in augmented demand

The global customer experience management market is driven mainly by rising customer demands across several products and categories. The satisfied clients and customers are the key for the success of an organization as every company wants their customer to come back to them. Dissatisfied customers not only switch their preferences to other companies, but also share their bad experience about the product or service among their groups. The customer experience management approach helps organizations to explore customer understanding which increases the chances of improving loyal customer base. In other words, customer experience management helps an organization to listen to the opinions, suggestions, and experiences of their customers. Customer experience management is the collection of processes that a company uses to organize, track, and oversee every interaction between a customer and the organization throughout the customer life cycle. The global customer experience management m

The gaming industry has undergone digital content revolution in the past few years. Considering the outcome, the uses and business models in this industry have also changed, through the effect of disintermediation, changes in the pricing structure, and deflated production costs. From the supplier perspective freemium games is one of the preferred routes, as it holds the majority of download volume. The dynamic nature of gaming industry has also brought significant change to the consumer mind sets, while the game developers are compelled to update themselves. The game developers not operating upon the freemium model have suffered loss of their market share, in the recent years. The freemium games developer earns a large part of their revenue from advertisements, in app purchase and virtual item sale. The majority of revenue comes from app purchase, which accounts for 70% to 80% of the total revenue of the industry. The virtual item sale (also referred to as micro transaction) is ot

South America supply chain management market  is expected to reach $3.7 billion by 2023, according to P&S Intelligence. Growth in e-commerce industry, need for greater supply chain visibility, and surge in demand planning solutions are the major factors driving the market growth. Insights on market segments Based on component, the supply chain management market in South America has been categorized into software, hardware, and services. The software category held the majority share in the market, accounting 67% share in 2017, and is expected to witness a CAGR of 7.6%, during the forecast period. The major factor attributing to its largest share in the market is the increasing need to make the supply chains as transparent as possible in order to increase customer satisfaction. In terms of delivery mode, on-premise mode in the supply chain management market in the region held a higher revenue share in 2017 and is expected to maintain its lead, during the forecast per

The demand of video interfaces in enterprise communication has increased considerably in the past few years. Enterprise video technology improves organizational communication efficiency through measures such as on-demand video, and flexibility in remote working conditions.  Enterprise video technology also incorporates collaborative techniques in an organization’s functioning. These factors are increasing the adoption of this technology, thus providing opportunity for growth. Moreover, the advancement in enterprise video technology such as superior video codec, web based real time communication, captioning, indexing and transcoding and aggregation are expected to spur the demand of enterprise video during the forecast period. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/enterprise-video-market/report-sample Corporate communication was the largest application segment of enterprise video in 2014. Video messaging is gaining popularity among

The increasing demand of simulation products and virtual reality is increasing the market penetration of visual computing. The market for PC computing has become less attractive in the recent years, owing to the decreasing popularity of PC gaming. The growing demand of video content on mobile devices, such as smartphones, automotive media system, and tablets is fueling the growth of the global visual computing market . Moreover, the increasing internet penetration, along with strengthening data speed of wireless networks in the developing markets has supported the growth of the global visual computing market in the recent years. The growing demand of gaming consoles is offering significant opportunities for the growth of the global visual computing market. Request to Get the Sample Report@  https://www.psmarketresearch.com/market-analysis/visual-computing-market/report-sample The global visual computing market comprises broad and complex value chain network, including compone

Virtual Reality (VR) in Gaming Market Overview The technological developments in gaming software and hardware are expected to drive the growth of the global virtual reality in gaming market during the forecast period. Integration of audio and video graphics into an immersive virtual world for gaming purposes has gained huge popularity in the gaming community in the recent years. Advanced technologies, such as interactive graphics and three-dimensional (3D) effects provide real-time experience to the gamer, due to which virtual reality in gaming market is estimated to grow in the near future. Based on the type of components, the VR in gaming market is bifurcated into hardware and software. The software market is expected to witness faster growth during the forecast period as it provides real-time environment experience to the user and is an integral part of the virtual reality (VR) games. The hardware components include graphic and sound generation equipment, controllers, wearable

The global fingerprint access control systems market is experiencing a major boost, due to the up surging need for security and customer protection from identity theft, as cyber scams, spamming, and hacking are increasing. As the e-commerce industry is growing continuously, the number of cases against fraud, identity theft, and hacking are also increasing. The construction of infrastructures and buildings is a key driver for the growth of the global fingerprint access control systems market, as new infrastructure demands higher security. The government spending on biometric programs and equivalent systems is mainly driven by the national identity card programs and numerous electronic passport (e-passport) services in various countries. The increase in data security and integrity among mobile users are some of the major factors, responsible for driving the adoption of fingerprint access control systems in smartphones. Request to Get the Sample Report@ https://www.psmarketresearch.c

Growing demand for intelligent customer engagement, rising integration of chatbot with social media platforms, increasing penetration of websites and mobile applications, advancement of artificial intelligence (AI), natural language processing (NLP), single search point and growing need for effecting multilingual customer support are some of the key factors driving the growth of chatbot market across the globe. A chatbot is an interactive application developed using either a set of rules or AI technology that is capable of conducting a conversation with consumers through auditory or textual methods. On the basis of type, the chatbot market has been bifurcated into software and services, wherein software category held the larger revenue share in 2018, owing to increasing deployment of chatbot software on websites, social media, and call centers to address consumer queries. Based on category, the market has been categorized into rule-based, and AI-based, wherein the rule-based categ

The home automationmarket is growing at a significant rate, due to increasing demand for energy efficient and green product solutions; introduction of managed home automation services; price competitiveness because of large number of players; and innovation in communication, sensor, analytic, and touch screen technologies. The strong initiatives from government to promote green building and green cities are driving the growth of the home automation market. Power-line communication technology is creating its importance in power systems and home automation, which is providing ample growth opportunities for the home automation market at a considerable rate in the coming years. With the help of home automation, the various electrical and electronic systems can be structured through the support of automation and computerized controls. Desktop PC is used as a server in the home automation control.   Bluetooth or wireless fidelity (Wi-Fi) enabled devices, such as mobile phones and lap

The security of critical data stored in several electronic devices is becoming more important in the world of information technology. The integration of cloud computing technology with the iris biometrics system has created opportunities for the growth of the global iris recognition market . There is high adoption of biometrics in various projects, like e-visas, e-passports, and driving licenses to eradicate identity theft and duplication.  Iris recognition is one of the most secure methods of identification and authentication, because of the unique distinctive characteristics of iris. The Iris recognition technology is also used within the infant security systems in hospitals, and offers proven protection against infant theft or abduction, and swapping by centralizing the infant database. The biometrics systems are used for home security and commercial purposes, which is driving the growth of the biometrics market, thus propelling the growth of the global iris recognition mar

The global real-time location system (RTLS) market is progressing more dynamically, as compared to its conventional counterparts, such as radio-frequency identification (RFID). This is due to the widespread acceptance of technologies, such as global positioning system (GPS) and Wi-Fi. The growing demand of real-time location system, in security and surveillance, and inventory management sectors, is driving the expansion of the RLTS market. The improving accuracy, increasing government expenditure on defense and homeland security, and affordable pricing of the real-time location system equipment, has also increased the market penetration, in past few years. Based on products, the global real-time location system market can be broadly classified, into hardware, software, and services. On the basis of technology, the real-time location system market can be segmented, as Radio-frequency identification (RFID), WI-FI, infrared, ultra wide band (UWB), ZigBee, ultrasound, and others. Based

The global big data market is mainly driven, by increasing market of consumer, and machine data. The increasing detail and volume of information captured by enterprises, the upsurge of multimedia, social media, and the internet of things, is expected to fuel the growth of the big data market, in the near future. Some of the other drivers fuelling the growth of the big data market, are new applications leveraging big data, and demand of unified platforms. Big data usually includes large sets of data, with sizes (petabytes and exabytes) beyond the ability of commonly used software tools to acquire, manage, and process data, within the lapsed time. Big data is the high-variety and high-volume information assets that require inventive forms of information processing, for improved understanding, and decision making. Big data is a developing term that defines a huge amount of structured, unstructured and semi-structured data, having the potential for information mining.  Though big data

The  identity and access management market  is mainly driven by the declining number of services required for operation of an IAM development (via- cloud IAM). This is due to the fact that it is very difficult for small and medium sized enterprises to afford conventional cost structure. The small and medium sized enterprises across the globe are expected to invest in identity and access management projects in the near future owing to low lucrative pricing offers such as usage based pricing and monthly subscription provided by IAM service providers. The other drivers for global identity and access management market are compliance with corporate performance standards, and rising cloud and software as a service (SaaS) adoption. Identity and access management (IAM) is used to realize the business benefits in terms of management control, operational efficiency, cost savings, and business development for e-Commerce. Request to Get the Sample Report@  https://www.psmarketresearch.com/m

The  CAD software market   is expected to reach $12,124.0 million by 2023, according to P&S Intelligence. Growing focus toward precise designing and complex structure prototyping, advancements in technology, and increasing demand for CAD software in automotive, packaging, and medical verticals are the major factors driving the market growth. On the basis of technology, the CAD software market has been categorized into 2D software and 3D software, of which the market for 3D software is projected to grow faster during the forecast period, witnessing a CAGR of 6.7%. This can be attributed to the growing inclination of designers and engineers toward professional prototyping and design creation, especially in precision-demanding domains, such as automotive and medical. Growing need for design efficiency and accuracy, and enhanced product visualization and presentation offered by 3D software are the major factors boosting the growth of the 3D software market. During the forecast p

The growing market of internet of things (IoT) in Europe is one of the dominant opportunities for the European residential security market . Aging population in Europe, increasing crime rates, increase in remote monitoring (using mobile devices), ease of installation of wireless technology, attractive insurance policies, and growing interest of consumers in home convenience and safety are driving the European residential security market. Also, the awareness about integrated security systems, combined with the need for medical assistance at home is also growing, which in turn is driving the residential security market in Europe. Residential security is a part of physical security that deals with security and safety of residential buildings and individuals. It is an electronic system, which takes care of the security of consumer’s residence when they are away from home. The input device of residential security system is sensors and the output devices are hooters and alarms. Wheneve