Cloud CFD Market 2023 | Industry Size, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Cloud CFD Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global cloud CFD market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cloud CFD market?

The global cloud CFD market size reached US$ 1.62 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.99 Billion by 2028, exhibiting a growth rate (CAGR) of 10.67% during 2023-2028.

What is cloud CFD?

Cloud computational fluid dynamic or cloud (CFD) is an advanced approach to performing computational fluid dynamics (CFD) simulations using cloud computing resources. It is a branch of fluid mechanics that utilizes numerical methods and algorithms to analyze and solve difficult fluid flow and heat transfer problems in engineering and scientific applications. It has the capabilities of cloud computing platforms, where vast networks of remote servers are utilized to process and store data that enables users to access scalable and high-performance computing resources on demand. It allows them to conduct simulations of a significantly larger scale and complexity, and users can choose the computing resources they need, ranging from a few virtual machines to thousands, depending on their specific requirements. It also minimizes the need for expensive on-premises hardware investments, as users can pay for the computing resources they use on a pay-as-you-go basis, and offer flexibility in managing computational resources, allowing users to scale up or down based on their simulation demands. Additionally, it encourages collaboration and data sharing, as researchers from different locations can access and work on the same simulation simultaneously. Moreover, it promotes innovation by democratizing access to high-performance computing, empowering smaller organizations and researchers with limited resources to undertake complex simulations.

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What are the growth prospects and trends in the cloud CFD industry?

The market is primarily driven by the increasing demand for cost-effective and scalable simulation solutions. In addition, cloud CFD offers a pay-as-you-go model, allowing businesses to access high-performance simulation capabilities without significant capital expenditures, which is influencing market growth. This cost-effectiveness makes cloud CFD an attractive option for small and medium-sized enterprises (SMEs) that require sophisticated engineering simulations to enhance product performance and innovation. Moreover, several advancements in cloud computing technology have led to the widespread adoption of cloud CFD, which represents another major growth-inducing factor. Along with this, cloud service providers are heavily investing in data centers with powerful computing capabilities, allowing seamless and efficient execution of complex simulations in the cloud resulting in improved performance, reduced simulation turnaround times, and increased productivity for engineering teams, thereby propelling the market growth. Besides this, the shift toward remote and distributed work environments, with businesses and engineering teams increasingly working from various locations, and the cloud-based nature of cloud CFD allows for easy collaboration and real-time access to simulation results, thus providing a positive thrust to the market growth. Also, engineers can now run simulations, share data, and collaborate on projects simultaneously, regardless of their geographical locations, which is escalating the demand for flexible solutions, especially in the engineering and product development domain, propelling the market growth. Apart from this, businesses must optimize their product designs quickly and efficiently to meet consumer demands, augmenting market growth. Furthermore, cloud CFD’s ability to perform parallel simulations and cloud scalability enables engineers to explore multiple design iterations simultaneously, accelerating the product development cycle and promoting innovation across the globe.

What is included in market segmentation?

The report has segmented the market into the following categories:

Application Insights:

Automotive
Aerospace and Defense
Electrical and Electronics
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Altair Engineering Inc.
ANSYS Inc.
Ceetron AS (Tech Soft 3D Inc.)
ESI Group
Siemens AG, etc.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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AI in Education Market 2023 | Industry Size, Share and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “AI in Education Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global AI in education market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the AI in education market?

The global AI in education market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2028, exhibiting a growth rate (CAGR) of 40.70% during 2023-2028.

What is AI in education?

Artificial Intelligence (AI) in education refers to using advanced technologies that mimic human intelligence to enhance learning processes, adapt instruction, and provide personalized experiences. AI in education offers personalized learning by analyzing individual students’ strengths, weaknesses, and learning styles. AI algorithms can customize educational content to meet each student’s specific needs, which fosters better engagement and comprehension, ultimately improving learning outcomes. It offers intelligent assessment tools to evaluate student performance more accurately and provide timely feedback to students and educators, which aids in identifying areas that require more attention, enabling targeted interventions for enhanced understanding. It also contributes to administrative tasks within educational institutions with automated administrative processes, such as enrollment, scheduling, record-keeping, streamlining operations, and allowing educators to focus more on teaching. Additionally, AI-driven predictive analytics assist in identifying students at risk of dropping out, enabling institutions to offer timely support.

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What are the growth prospects and trends in the AI in education industry?

AI in education is primarily driven by the integration of artificial intelligence (AI) in the education sector. In addition, the widespread adoption of AI in education enhances the learning process through personalized education, thus influencing market growth. AI-powered educational tools can analyze students’ learning patterns and preferences, allowing educators to tailor content and pace to individual needs. This personalization improves student engagement and leads to better comprehension and retention of the material. Moreover, educational institutions generate an immense volume of data related to student performance, attendance, and behavior, representing another major growth-inducing factor. AI algorithms can shift through this data to identify patterns and trends that might go unnoticed. This data-driven approach enables educators to make informed decisions, implement timely interventions, and develop strategies for improving learning outcomes with AI’s ability to process and analyze vast amounts of data. Besides this, the advent of AI-powered virtual assistants and chatbots is transforming administrative processes in educational institutions, thus accelerating market growth. These AI tools can handle routine administrative tasks such as answering inquiries, providing information about courses, and assisting with enrollment procedures which reduces the administrative burden on staff and ensures students receive prompt and accurate responses to their queries, contributing to a positive overall experience. Along with this, the integration of AI into education requires significant investment in terms of financial resources and training, where educators need to be adequately trained to effectively use AI tools and interpret the insights generated, thus propelling the market growth. Furthermore, AI-driven assessment tools can evaluate student responses more holistically, considering factors such as critical thinking, problem-solving, and creativity, thus creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Solutions
Services

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Technology:

Deep Learning and Machine Learning
Natural Language Processing (NLP)

Breakup by Application:

Virtual Facilitators and Learning Environments
Intelligent Tutoring Systems (ITS)
Content Delivery Systems
Fraud and Risk Management
Student-initiated learning
Others

Breakup by End User:

K-12 Education
Higher Education
Corporate Training and Learning
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Blackboard Inc.
Cognii Inc.
eGain Corporation
Google LLC (Alphabet Inc.)
International Business Machines Corporation
Microsoft Corporation
QlikTech International AB

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Wafer Level Packaging Market 2023 | Industry Share and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Wafer Level Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the global wafer level packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the wafer level packaging market?

Report Attributes	Details
Market Size in 2022	US$ 4.8 Billion
Market Forecast in 2028	US$ 13.2 Billion
Growth rate (2023 to 2028)	CAGR of 18.3%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is wafer level packaging?

Wafer level packaging (WLP) is a technique that involves attaching packaging components to integrated circuits (ICs) while they are still part of a wafer, before separating them into individual circuits. This process offers various benefits such as cost and time savings in electrical testing, as the connections are accessible on the wafer. Additionally, WLP helps reduce chip size, enables traceability, and facilitates inventory management. It is widely applied in diverse industries including aerospace, defense, electronics, information technology (IT) and telecommunication, healthcare, and automotive sectors worldwide.

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What are the growth prospects and trends in the wafer level packaging industry?

The demand for circuit miniaturization is being accelerated by the increasing adoption of high-speed and compact electronic devices. This trend currently stands as a major factor driving the market on a global scale. Furthermore, the thriving electronics industry and the widespread use of semiconductor integrated circuits (ICs) in the Internet of Things (IoT) are contributing to market growth. Additionally, the growing environmental concerns and the rising popularity of electric vehicles (EVs) are presenting lucrative opportunities for key market players to introduce automotive electronic components used in infotainment systems, powertrain control, communication, and driver assistance systems worldwide. Moreover, significant investments in research and development (R&D) activities aimed at integrating wafer level packaging (WLP) technology into 3D sensors and complementary metal oxide semiconductors (CMOS) pixel detectors are expected to further propel market expansion.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Packaging Technology:

3D TSV WLP
5D TSV WLP
WLCSP
Nano WLP
Others

Breakup by End Use Industry:

Aerospace and Defense
Consumer Electronics
IT & Telecommunication
Healthcare
Automotive
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Amkor Technology Inc.
China Wafer Level CSP Co. Ltd.
Chipbond Technology Corporation
Deca Technologies Inc. (Infineon Technologies AG)
Fujitsu Limited
IQE PLC
JCET Group Co. Ltd.
Siliconware Precision Industries Co. Ltd. (Advanced Semiconductor Engineering Inc.)
Tokyo Electron Ltd.
Toshiba Corporation.

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Network Forensics Market 2023 | Industry Share, Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Network Forensics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global network forensics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the network forensics market?

Report Attributes	Details
Market Size in 2022	US$ 3.0 Billion
Market Forecast in 2028	US$ 7.2 Billion
Growth rate (2023 to 2028)	CAGR of 14.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is network forensics?

Network forensics is a digital forensic solution used to investigate and analyze network traffic and events in order to prevent cyberattacks. It involves the use of software applications to identify and monitor large volumes of data, ensuring unauthorized access to computer networks is detected and mitigated. Network forensics plays a crucial role in tracking organizational transactions, user activities, and system performance, while also aiding in the identification and resolution of zero-day attacks to maintain a secure environment. It encompasses various solutions such as security information and event management (SIEM), intrusion detection systems (IDS), threat intelligence, packet capture analysis, firewalls, and log management. Deployable on-premises or in the cloud, network forensics finds applications across diverse industries, including healthcare, education, banking, financial services and insurance (BFSI), energy, telecommunications, and information technology (IT).

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What are the growth prospects and trends in the network forensics industry?

The network forensics market is driven by the increasing incidents of cyberattacks and advanced threats such as distributed denial of service (DDoS) attacks, advanced persistent threats (APTs), and ransomware. Furthermore, the adoption of Internet of Things (IoT) devices and the growing trend of bring-your-own-device (BYOD) policies are contributing to market growth. Organizations are increasingly utilizing network forensics solutions to identify and prevent unauthorized access and detect the sources of security threats. These solutions are also gaining popularity among enterprises for securing mobile and web applications, extracting actionable digital evidence, and conducting in-depth analysis of data across networks. Additionally, continuous advancements in information technology (IT) infrastructure are expected to drive the growth of the network forensics market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Solution
Services

Breakup by Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Breakup by Deployment Mode:

Cloud-based
On-premises

Breakup by Application:

Data Center Security
Endpoint Security
Network Security
Application Security
Others

Breakup by End Use Industry:

BFSI
Government
Healthcare
IT and Telecom
Education
Manufacturing
Retail
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Cisco Systems Inc.
CrowdStrike Holdings Inc.
FireEye Inc.
Fortinet Inc.
International Business Machines Corporation
LiveAction Inc.
LogRhythm Inc.
McAfee LLC
NETSCOUT Systems Inc.
NIKSUN Inc.
NortonLifeLock Inc.
Rapid7 Inc.
RSA Security LLC (Dell Technologies Inc.)
Trend Micro Incorporated
VIAVI Solutions Inc.

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A2P Messaging Market 2023 | Industry Trends, Growth and Forecast 2028

According to the latest report by IMARC Group, titled, “A2P Messaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global A2P messaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the A2P messaging market?

Report Attributes	Details
Market Size in 2022	US$ 66.9 Billion
Market Forecast in 2028	US$ 85.6 Billion
Growth rate (2023 to 2028)	CAGR of 4.1%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is A2P messaging?

Application-to-person (A2P) messaging represents a type of service that usually involves sending automated MMS or SMS messages via third-party applications run by an enterprise to customers over their smartphones or mobile devices. It generally enables an efficient means of communication for businesses to connect with their consumers easily. Some of the commonly used A2P messaging solutions include notifications, marketing campaigns, alerts, promotional codes, one-time passwords (OTP), and other bulk messages. They allow organizations to interact and engage with their consumer base more often in a more reliable, faster, and cost-effective manner. In recent times, A2P messaging has gained extensive traction as a popular sales and marketing communications tool for brands.

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What are the growth prospects and trends in the A2P messaging industry?

The growing adoption of this service by businesses for advertising purposes to promote brands, events, product launches, and other activities is primarily driving the A2P messaging market. Additionally, the rising penetration of smartphones and the rising focus on customer acquisition and engagement are further stimulating the market growth. Besides this, the escalating demand for A2P messaging, as it facilitates personalized, real-time, targeted, and automated communication between enterprises and customers, is acting as another significant growth-inducing factor. Moreover, the easy availability of high-speed internet is positively influencing the global market. Apart from this, the emerging trend of mobile advertising is also bolstering the market growth. Furthermore, the inflating need among organizations to offer improved customer service and interactions to stay competitive and the elevating popularity of e-commerce platforms are expected to propel the A2P messaging market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Platform
A2P Service

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by SMS Traffic:

National Traffic
Multi-Country

Breakup by Application:

Authentication Services
Promotional and Marketing Services
Pushed Content Services
Interactive Messages Services
Customer Relationship Management Services
Others

Breakup by End User:

BFSI
Retail and Ecommerce
E-Governance
Hyperlocal Businesses
Healthcare
Travel and Hospitality
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

BICS SA/NV (Proximus Group)
China Mobile Limited
Comviva (Tech Mahindra)
Infobip Ltd.
Monty Mobile
Orange S.A.
Route Mobile Limited
Sinch AB
Tata Communications Limited
Twilio Inc.

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Employee Engagement Software Market 2023 | Industry Size, Trends and Forecast 2028

According to the latest report by IMARC Group, titled, “Employee Engagement Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global employee engagement software market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the employee engagement software market?

Report Attributes	Details
Market Size in 2022	US$ 826.9 Million
Market Forecast in 2028	US$ 1,825 Million
Growth rate (2023 to 2028)	CAGR of 14.37%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is employee engagement software?

Employee engagement software is a technological platform that aims to enhance and optimize the employee experience within an organization. It offers a comprehensive range of functions and features, including surveys, feedback mechanisms, performance management tools, collaboration platforms, training modules, recognition and rewards systems, onboarding processes, analytics capabilities, and reporting functionalities. Employee engagement software is commonly utilized by HR professionals, managers, executives, team leaders, and consultants to measure, monitor, and analyze employee engagement levels. It enables organizations to identify areas for improvement and develop adequate strategies to enhance employee satisfaction, productivity, and retention. Employee engagement software even helps improve communication channels, strengthen recognition programs, support employee development, and ensure data-driven decision-making. Consequently, it finds widespread applications across various sectors, including retail, telecommunications, healthcare, information technology (IT), hospitality, manufacturing, banking, etc.

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What are the growth prospects and trends in the employee engagement software industry?

The employee engagement software market is primarily driven the rising digital transformation in workplaces and the elevating need for an efficient digital tool that streamlines administrative tasks, reduces manual labor, boosts productivity, improves operational efficiency, and automates processes such as data collection, survey distribution, performance evaluations, and recognition programs. Additionally, the increasing adoption of the software to facilitate virtual communication, collaboration, and engagement among remote teams in the work-from-home culture is further catalyzing the market growth. Besides this, the expanding usage of cloud-based employee engagement software that facilitates cost-effectiveness, enhanced security, easy accessibility, scalability, automatic updates, and data recovery is acting as another significant growth-inducing factor. Moreover, the growing incorporation of gamification elements into employee engagement software, such as points, badges, and leaderboards to foster healthy competition, increases engagement, and incentivize desired behavior and contributions, is also positively influencing the global market. Apart from this, the escalating integration of artificial intelligence (AI) in employee engagement software to provide valuable insights into employee data, analyzes trends, predict engagement levels, and supports data-driven decision-making are expected to bolster the employee engagement software market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Deployment Mode Insights:

Cloud-Based
On-premises

Enterprise Size Insights:

Large Enterprises
Small and Medium Enterprises

Function Insights:

Onboarding
Training
Collaboration and Interaction
Customer Service
Rewards and Recognitions
Others

Industry Insights:

Retail
BFSI
Government
Healthcare
IT and Telecom
Hospitality
Manufacturing
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

15five Inc.
Bitrix24
Culture Amp Pty Ltd.
Lattice, Leapsome GmbH
Quantum Workplace
Salesforce Inc.
Transcend Engagement LLC
Vantage Circle
Workvivo Limited
Xoxoday Emplus, etc.

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Artificial Intelligence (AI) Camera Market 2023 | Industry Size and Forecast 2028

According to the latest report by IMARC Group, titled, “Artificial Intelligence (AI) Camera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global artificial intelligence (AI) camera market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the artificial intelligence (AI) camera market?

Report Attributes	Details
Market Size in 2022	US$ 5.94 Billion
Market Forecast in 2028	US$ 13.96 Billion
Growth rate (2023 to 2028)	CAGR of 16.0%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is artificial intelligence (AI) camera?

Artificial intelligence (AI) camera represents specialized camera systems equipped with cutting-edge technology and embedded with artificial intelligence (AI) for performing various functions beyond traditional cameras. These cameras leverage machine learning (ML) and computer vision algorithms to improve their capabilities, including image and facial recognition, object detection, emotion analysis, monitoring and surveillance, and movement detection. Unlike regular cameras that simply record images or videos, AI cameras can interpret and process visual data by comparing it with existing databases and other sources. They also utilize sensors to analyze photos and determine optimal settings for capturing images. As a result, AI cameras find widespread applications across numerous sectors, including law enforcement, consumer electronics, retail, etc.

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What are the growth prospects and trends in the artificial intelligence (AI) camera industry?

The artificial intelligence (AI) camera market is primarily driven by the inflating demand for technologically advanced surveillance systems and the growing concerns regarding safety and security across the globe. Besides this, the rising adoption of AI-based CCTV cameras to enable real-time monitoring of unusual or suspicious activity and enhance threat analysis, allowing businesses to make informed decisions, is acting as another significant growth-inducing factor. Moreover, the rising criminal and terrorist activities and the emerging trend of smart homes are further catalyzing the global market. Additionally, the escalating integration of state-of-the-art camera features in smartphones, such as optical or image stabilization, larger sensors, bright lenses, and better optical zoom, is also positively influencing the global market. Apart from this, the rising expenditure of Government bodies in sophisticated surveillance systems for enhanced security, cost-effectiveness, flexibility, and faster data acquisition and the development of smart city projects are expected to bolster the artificial intelligence (AI) camera market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Technology Insights:

Image/Face Recognition
Computer Vision
Emotion Recognition
Network Cameras
Security Cameras
Others

End User Insights:

BFSI
Healthcare
Automotive
Retail
Government
Logistics and Transportation
Military and Defense
Commercial Spaces
Media and Entertainment
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Avigilon Corporation
Canon Inc.
Eagle Eye Networks
Hangzhou Hikvision Digital Technology Co. Ltd
Hanwha Vision Co. Ltd. (Hanwha Aerospace Co. Ltd.)
Honeywell International Inc.
Huddly AS
Mobotix AG
Zhejiang Dahua Technology Co. Ltd., etc.

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Cloud Services Brokerage Market 2023 | Industry Size, Statistics and Forecast 2028

According to the latest report by IMARC Group, titled, “Cloud Services Brokerage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global cloud services brokerage market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the cloud services brokerage market?

Report Attributes	Details
Market Size in 2022	US$ 10.11 Billion
Market Forecast in 2028	US$ 25.82 Billion
Growth rate (2023 to 2028)	CAGR of 16.80%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is cloud services brokerage?

Cloud services brokerage (CSB) encompasses an IT role and business model that delivers intermediary services to aid organizations in effectively managing and integrating their cloud services from various providers. Its offerings contain several services, including cloud service selection, integration, customization, migration, security, governance, compliance, and management. By acting as a mediator between organizations and cloud service providers, CSB assists in maximizing the benefits of multiple cloud services while mitigating risks, reducing costs, and addressing complexity. In addition to this, it provides organizations with a unified point of contact for accessing and managing their cloud services, facilitating efficient and simultaneous operations, leading to enhanced overall efficiency and productivity.

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What are the growth prospects and trends in the cloud services brokerage industry?

The extensive utilization of this service, owing to the increasing number of organizations requiring assistance in managing their intricate and diverse environments, is among the primary factors driving the cloud services brokerage market. Besides this, the escalating demand for security and compliance is further augmenting the market growth. Moreover, various industries are seeking hybrid IT and multi-cloud management solutions to enhance performance, output, and cost reduction, which is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies supporting the development of cloud infrastructure is acting as another significant growth-inducing factor. Additionally, ongoing improvements and the emergence of innovative and advanced technologies, including artificial intelligence (AI), big data analytics, and the Internet of Things (IoT), are also stimulating the market growth. Furthermore, the emerging trend of urbanization, expanding industrialization, the introduction of innovative products, such as home automation, and the rising number of small and medium-sized enterprises (SMEs) are anticipated to propel the cloud services brokerage market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Service Type Insights:

Integration and Support
Automation and Orchestration
Billing and Provisioning
Migration and Customization
Security and Compliance
Others

Platform Insights:

Internal Brokerage Enablement
External Brokerage Enablement

Deployment Model Insights:

Private
Public
Hybrid

Organization Size Insights:

Large Enterprises
Small and Medium-sized Enterprises

End User Insights:

IT and Telecom
BFSI
Government and Public Sector
Healthcare
Consumer Goods and Retail
Manufacturing
Energy and Utilities
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Accenture Public Limited Company
ActivePlatform Limited
Arrow Electronics Inc
Atos SE
Cognizant Technology Solutions Corporation
Fujitsu Limited
International Business Machines Corporation
NTT Data Inc. (Nippon Telegraph and Telephone Corporation)
Tech Mahindra Limited
Wipro Limited, etc.

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Open Source Services Market 2023 | Industry Size, Statistics and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Open Source Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global open source services market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the open source services market?

Report Attributes	Details
Market Size in 2022	US$ 25.93 Billion
Market Forecast in 2028	US$ 74.46 Billion
Growth rate (2023 to 2028)	CAGR of 17.60%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is open source services?

Open source services refer to the software and tools that are freely available to modify, use, and distribute under an open source license. These benefits are often developed in a decentralized and collaborative way by a society of volunteer contributors who cooperate to improve the software and provide support to users. Open source services include databases, operating systems, programming languages, web servers, content management systems, and other software tools. These solutions are reliable, flexible, secure, and cost-effective, allowing users to create customized specific changes. In addition to this, open source services also offer various advantages, as they enable coders from distinct backgrounds and unique perspectives to make regular updates and improve their value and flexibility. As a result, these solutions find widespread applications in the cloud, project, business process and web content management and data integration.

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What are the growth prospects and trends in the open source services?

The extensive utilization of these platforms across several industries, such as software development, data analytics, and cloud computing, to enable users to modify and interact with the original code is among the primary factors driving the open source services market. Besides this, the integration of artificial intelligence (AI) algorithms in businesses to automate the process of writing, producing, and testing code and suggest improvements or optimizations is further augmenting the market growth. Moreover, the escalating demand for cloud computing, the rising research and development (R&D) activities, and the elevating requirement for advanced clinical decision support (CDS) in healthcare and life sciences are also catalyzing the global market. Apart from this, the increasing need for these solutions in small and medium-sized enterprises (SMEs) to optimize operations and maintenance budgets and allocate funds toward segments is anticipated to propel the open source services market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Service Type Insights:

Professional Services
Training and Consulting
Integration and Implementation
Support and Maintenance
Managed Services

Organization Size Insights:

Large Enterprises
Small and Medium-sized Enterprises

Industry Vertical Insights:

BFSI
IT, ITeS, and Telecom
Retail and E-commerce
Healthcare and Life Sciences
Manufacturing
Education
Others

Breakup by Geography:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Charter Global Inc.
Chetu Inc
Cisco Systems Inc.
Databricks Inc.
Happiest Minds Technologies Limited
HashiCorp
Hewlett Packard Enterprise Company
Infosys Limited
International Business Machines Corporation
Nous Infosystems
Percona LLC
Wipro Limited

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Risk Management Market 2023 | Industry Trends, Statistics and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Risk Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global risk management market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the risk management market?

Report Attributes	Details
Market Size in 2022	US$ 10.5 Billion
Market Forecast in 2028	US$ 23.7 Billion
Growth rate (2023 to 2028)	CAGR of 14.13%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is risk management?

Risk management represents the process of assessing, recognizing, and controlling the financial, strategic, legal, and security risks of any organization. It manages and mitigates risks from various sources, such as legal liabilities, strategic management errors, accidents, financial uncertainty, and natural disasters. Risk management examines the relationship between hazards and the cascading impact they could have on the strategic goals of an organization. It also emphasizes the importance of handling positive chances that could increase the business values of enterprises by making smart decisions. RISK management assists in guaranteeing the integrity and confidentiality of personal and corporate data. As a result, this process finds widespread applications across several sectors, including information and technology (IT), telecom, retail, banking, financial services and insurance (BFSI), healthcare, energy and utilities, manufacturing, and defense.

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What are the growth prospects and trends in the risk management?

The rising utilization of electronic payments that increases the intricacy and volume of data on financial transactions and the high number of digital monetary crimes are primarily driving the risk management market. Besides this, the incorporation of advanced technologies, such as artificial intelligence (AI), machine learning (ML), and automation, is further augmenting the market growth. Moreover, the growing popularity of on-premises-based risk management solutions among organizations to increase security and reduce data theft issues is also catalyzing the global market. Apart from this, the escalating demand for administration software to lessen compliance costs and enhance work efficiency is acting as another significant growth-inducing factor. Additionally, the launch of several policies by the government bodies to promote the usage of these solutions through a flexible and convenient information system and to prevent money laundering activities is also stimulating the market growth. Furthermore, the increasing awareness among small and medium-sized enterprises (SMEs) toward the benefits of using this technique is anticipated to propel the risk management market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Component Insights:

Software
Service

Deployment Mode Insights:

On-premises
Cloud-based

Enterprise Size Insights:

Large Enterprises
Small and Medium-sized Enterprises

Industry Vertical Insights:

BFSI
IT and Telecom
Retail
Healthcare
Energy and Utilities
Manufacturing
Government and Defense
Others

Breakup by Geography:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ACTICO GmbH
Broadridge Financial Solutions Inc
Fidelity National Information Services Inc.
International Business Machines Corporation
LogicManager Inc.
MetricStream Inc.
NAVEX Global Inc.
Oracle Corporation
Qualys Inc.
Risk Edge Solutions
SAP SE
SAS Institute Inc.
ServiceNow
Thomson Reuters Corporation

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