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The security policy management market is expected to advance at a CAGR of 9.1% during the forecast period (2019–2024) on account of the spurring demand for enhanced business agility and swift implementation of security policy management solutions by the healthcare and banking, financial services, and insurance (BFSI) sectors. Driven by these factors, the market size is set to increase from $1,622.3 million in 2018 to $2,647.1 million by 2024. The BFSI sector uses security policy management for a proactive assessment of the outcome of every policy change, to reduce risk, ensure compliance with industry standards, and prevent operational disruption. These solutions help in identifying duplicate rules, mapping security threats early, and initiating remediation procedures for expired policies. Moreover, banks and financial institutions are leveraging cloud computing, machine learning, and natural language processing (NLP), which is making it difficult for IT departments to protect them fr...

The Center for Strategic and International Studies (CSIS) states that 5G technology provides enhanced security, high speed, and greater capacity for networks and mobile devices. Additionally, the fifth generation of mobile network technology will shape the internet of things (IoT) environment and it is crucial for the future of internet innovation. Thus, the increasing deployment of IoT-enabled products, on account of the soaring popularity of artificial intelligence (AI), augmented reality and virtual reality (AR/VR), and remote-controlled systems, will create an extensive requirement for 5G infrastructure globally. Additionally, the surging adoption of 5G-enabled devices will help the 5G infrastructure market prosper during 2021–2030. According to P&S Intelligence, the market revenue stood at $1.5 billion in 2020. Moreover, the increasing requirement for low-latency internet, expanding population base of mobile data users, and rising adoption of machine-to-machine (M2M) connectio...

Owing to the high costs of owning and maintaining private data centers, the popularity of date center colocation is rising sharply. A colocation data center is basically any data center facility that rents out space to various third-parties so that they can store their network equipment and servers. As many businesses do not have the resources required for maintaining their own data centers, they are increasingly choosing this service. Moreover, this service is very beneficial for businesses that create large but inconsistent volumes of data, primarily because of the increasing adoption of the internet of things (IoT) and artificial intelligence (AI) in their operations. Research Report on Data Center Colocation Market 2022-2030 Besides the aforementioned factor, the growing demand for edge data centers is also creating lucrative growth opportunities for the players operating in the data center colocation market. Edge data centers are basically small data colocation facilities that...

In 2021, the contact center software market was $23,161.7 million, and it is likely to advance at an 18% CAGR from 2021 to 2030 and reach $102,751.5 million. The industrial growth can be mainly credited to the surging incorporation of AI-powered software into cloud-based contact centers, to augment customer experience. Furthermore, businesses influence smart technologies, like mobile supercomputing, ML, and AI, to quicken the fourth industrial revolution, which, in line has a positive impact on the need for contact center software. Industry Outlook For Contact Center Software The pandemic outbreak positively impacted the contact center software market. The general number of calls to the contact centers increased to a great extent in times of crisis. According to a report, contact centers observed 300% more calls than normal in the early stages of the COVID-19. This made businesses invest in software to automate processes. Moreover, more than 81% of people contemplate robotic automa...

The global digital twin market value stood at $3,210.1 million in 2020, and it is predicted to surge to $184,517.4 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 50.0% from 2020 to 2030 (forecast period). The ballooning adoption of machine learning (ML), 5G, artificial intelligence (AI), and the internet of things (IoT) technologies, growing popularity of Industry 4.0 standards, and the burgeoning requirement for cloud services are the major factors propelling the advancement of the market across the globe.  With the rising penetration of the internet, the adoption of the IoT is surging sharply, with more than 41 billion IoT-connected devices predicted to be in usage by 2025. To ensure the successful functioning and implementation of IoT, growing the throughput for every component is critical, which can be done by the adoption of the digital twin technology. As the performance and behavior of a ...

Optical networking and communication settings are being transformed due to the surging requirement for higher bandwidth. Several countries and enterprises are increasing their dependency on uninterrupted data connectivity, which is resulting in a persistent demand for higher bandwidth. Moreover, the booming number of smartphone users, rising number of data centers, and mushrooming demand for data-intensive applications will fuel the demand for components and services related to optical networking and communication. The emergence of the internet of things (IoT) and machine to machine (M2M) technologies will drive the optical networking and communication market at 6.2% CAGR during the forecast period (2020–2030). The market stood at $16.9 billion in 2019 and it is expected to reach $32.8 billion by 2030 . Largescale adoption of M2M and IoT technologies has boosted the requirement for increased network capacity. The soaring number of connected devices and surging adoption of data-intensiv...