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Industrial Cybersecurity Market 2023 | Industry Trends, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Industrial Cybersecurity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global industrial cybersecurity 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 industrial cybersecurity market?

Report Attributes	Details
Market Size in 2022	US$ 16.6 Billion
Market Forecast in 2028	US$ 25.6 Billion
Growth rate (2023 to 2028)	CAGR of 7.44%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is industrial cybersecurity?

Industrial cybersecurity involves safeguarding industrial control systems (ICS) and critical assets against cyber threats, aiming to ensure the protection of power transmission and distribution lines, manufacturing plants, automation systems, healthcare infrastructure, communication networks, defense production facilities, critical installations, and transportation systems. It consists of various security measures, including access control, network security, endpoint protection, incident detection and response, vulnerability management, monitoring, and data security. Industrial cybersecurity ensures safe and reliable industrial operations, secure communication, and prevention of potential disruptions, unauthorized access, data breaches, and sabotage. It even helps to mitigate vulnerabilities, establish appropriate security controls, protect national security interests, and contain industrial accidents. As a result, industrial security finds extensive applications across numerous sectors, such as automotive, transportation, aerospace, defense, chemical, oil and gas, manufacturing, telecommunication, etc.

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What are the growth prospects and trends in the industrial cybersecurity industry?

The industrial cybersecurity market is driven by the increasing frequency of cyberattacks and threats targeting critical infrastructures. Moreover, the rapid usage of Industrial Internet of Things (IIoT) devices for improving operational efficiency creates a demand for robust industrial cybersecurity solutions to secure interconnected devices and enable seamless communication, and the growing demand for cloud-based solutions, which offer scalability, accessibility, security, automatic updates, disaster recovery, and real-time data processing benefits are acting as significant growth-inducing factors. Apart from this, the incorporation of machine learning (ML) and artificial intelligence (AI) techniques to improve threat detection and response, anomaly identification, and cybersecurity automation is further stimulating the market growth. Additionally, the emerging trend of adopting blockchain technologies to enhance transaction security, supply chain operations, and data sharing is also positively influencing the global market. Besides this, the implementation of stringent government regulations aimed at promoting cybersecurity solutions adoption across industries and enhancing the security of critical infrastructures crucial to the economy supports market growth, and the expanding digitalization efforts will continue to bolster the industrial cybersecurity market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Component Insights:

Product
Solutions and Services

Security Type Insights:

Network Security
Cloud Application Security
End-Point Security
Internet Security
Others

Industry Insights:

Process
- Oil and Gas
- Chemical
- Food and Beverages
- Energy and Power
- Others
Discrete
- Automotive
- Electronics
- Heavy Manufacturing
- Packaging
- 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:

ABB Ltd.
AO Kaspersky Lab
Check Point Software Technologies Ltd.
Cisco Systems Inc.
Dell Technologies Inc.
Honeywell International Inc.
International Business Machines Corporation
OPSWAT Inc.
Proofpoint Inc.
Rockwell Automation Inc.
Schneider Electric SE
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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BPO Business Analytics Market Share, Size, Trends and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled, “BPO Business Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the global BPO business analytics 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 BPO business analytics market?

Report Attributes	Details
Market Size in 2022	US$ 22.7 Billion
Market Forecast in 2028	US$ 72.0 Billion
Growth rate (2023 to 2028)	CAGR of 21.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is BPO business analytics?

Business analytics refers a set of technologies employed for solving business problems using data analysis, statistical models, and other quantitative methods. It involves iterative, methodical data exploration with structural analysis to evaluate and identify weaknesses in the current business processes. At present, it is widely utilized by business process outsourcing (BPO) service providers for back and front-office operations, including payment processing, quality assurance, marketing and customer relations, to achieve higher efficiency, assist decision-making, lower costs, and global expansion.

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What are the growth prospects and trends in the BPO business analytics industry?

The increasing adoption of cloud-based BPO services on account of their high flexibility and agility in various applications, such as finance and accounting, human resources, knowledge process outsourcing, procurement and supply chain, and customer services, represents one of the key factors positively influencing the market. In addition, the widespread integration of advanced technological solutions, such as artificial intelligence (AI) and machine learning (ML), in business processes is catalyzing the demand for business analytics to manage large volumes and complexity of data sets. This, in confluence with the rise in deployment of cloud-based solutions across small and medium enterprises (SMEs), is propelling the market growth across the globe. Apart from this, the increasing application of business analytics in the banking, financial services and insurance (BFSI), healthcare, manufacturing, transportation and logistics, and retail industries is driving the market worldwide.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

Software
Services

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Application:

Finance & Accounting
Human Resources
Knowledge Process Outsourcing
Procurement & Supply Chain
Customer Services
Others

Breakup by Vertical:

BFSI
IT and Telecommunication
Healthcare
Manufacturing
Retail
Transportation and Logistics
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 PLC
Capgemini SE
Cognizant Technology Solutions
Exlservice Holdings Inc.
Genpact Limited
International Business Machines Corporation
Infosys Limited
Mu Sigma Inc.
NTT DATA Corporation (Nippon Telegraph and Telephone)
TATA Consultancy Services Limited (Tata Sons Private Limited)
Tech Mahindra Limited (Mahindra Group)
Wipro Limited
WNS Global Services.

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Insurance Software Market Report 2023 | Industry Size and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “ Insurance 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 insurance software market report , share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.

Report Highlights:

How big is the insurance software market?

Report Attributes	Details
Market Size in 2022	US$3.5 Billion
Market forecast in 2028	US$5.1 Billion
Growth rate (2023 to 2028)	CAGR of 6.1%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is insurance software?

Insurance software are used to manage business operations, such as issuing policies, managing teams, tracking claims, underwriting, complying with laws, and updating procedure information. They comprise agency management, mobile apps for agents and representatives, workflow automation, claim management, and policy management. Insurance software assist agents, agencies, brokers, and carriers in saving time and money by streamlining their processes. These services also aid in collecting, accessing, and organizing policyholder contracts, agreements, and private documents. In addition, insurance software aids in managing, monitoring, regulating, and coordinating various business processes, such as human resources (HR), marketing, lead management, and sales. Insurance is therefore utilized for automating policy and rule execution while eliminating human errors. As a result, these services find widespread applications in payments management, monitoring fraudulent activities, programming the claim document process, and integrating policy administration.

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What are the growth prospects and trends in the insurance software industry?

The escalating demand for these services to automate programs that assist companies in collating large databases of insurers for various business actions and the increasing usage of mobile apps for databases, special access, and global positioning system (GPS) tracking are primarily driving the insurance software market . Besides this, solution providers are investing in research and development (R&D) activities to offer benefits with artificial intelligence (AI) technology to boost the efficiency of the process and provide more reliable methods in claim processing and policy management, which is further augmenting the market growth. Moreover, the growing popularity of insurance software to collect information about claims, including event codes, payment components, outstanding share reserves, and relevant dates of claim activities, is also catalyzing the global market. Apart from this, the rising need for these services to examine and compute unit and amount insured, system risk, and reinsurance surrender, is anticipated to propel the insurance software market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

Life insurance
Accident and Health Insurance
Property and Casualty Insurance
Others

Deployment Mode Insights:

Cloud based
On premises

End User Insights:

Brokers
Agencies
Insurance Companies

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 Plc
Acturis Ltd.
Axxis Systems SA
Buckhill Ltd.
EIS Software Limited
Guidewire Software Inc.
Mitchell International Inc.
Oracle Corporation
Salesforce Inc.
SAP SE
Sapiens International Corporation
Solartis Technology Services Pvt Ltd.
Vertafore Inc (Roper Technologies Inc.), etc.

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Email Encryption Market Trends 2023 | Industry Size, Share, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Email Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global email encryption market trends, share, size 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 email encryption market?

Report Attributes	Details
Market Size in 2022	US$ 2.5 Billion
Market Forecast in 2028	US$ 9.9 Billion
Growth rate (2023 to 2028)	CAGR of 26.08%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is email encryption?

Email encryption represents the authentication mechanism of disguising and encoding the contents of an email to protect it from unauthorized access. Email is a highly vulnerable mode of communication that can be hacked over public or unsecured networks. Encryption is among the primary data protection solutions in the present times. It ensures the contents of the email by making them unreadable as they get transmitted over networks. The methodology mostly depends on cryptography, wherein the user publishes a key to decrypt the message. Email encryption is an essential tool for organizations and individuals as it prevents the access of confidential and vital information by unintended users. As a result, this solution finds widespread applications across various sectors, such as BFSI, healthcare, government, and IT and telecommunication.

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What are the growth prospects and trends in the email encryption industry?

The escalating need for cloud-based services and the increasing data security concerns and privacy regulations are among the primary factors driving the email encryption market. Besides this, the rising instances of phishing and spam emails are further augmenting the market growth. Moreover, the elevating requirement for email encryption by consumers to secure their sensitive data against losses and manipulation, owing to the probability of unauthorized and unidentified sources accessing the content, is also catalyzing the global market. Apart from this, the impelling demand for this solution in banking, financial services, and insurance (BFSI) and healthcare industries to store their data on the cloud and operate on the pay-per-use model is acting as another significant growth-inducing factor. Furthermore, this service prevents cyber threats and attacks through malware, spam, viruses, and other intrusions that expose sensitive enterprise information, which is expected to bolster the email encryption market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Market Segmentation by Encryption Type:

End-To-End Email Encryption
Gateway Email Encryption
Boundary Email Encryption
Hybrid Email Encryption
Client Plugins

Market Segmentation by Deployment Type:

On-Premise
Cloud Based

Market Segmentation by Component:

Solution
Service
Training and Education
Support and Maintenance

Market Segmentation by End-User:

BFSI
Healthcare
Government
IT & Telecom
Others

Market Segmentation by Organization Size:

Small and Medium Sized Organizations
Large Size Organizations

Market Segmentation by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Who are the key players operating in the industry?

The report covers the major market players including:

Cisco Systems, Inc. (CSCO)
Proofpoint
Symantec
Trend Micro
Zix
Cryptzone
DataMotion
Echoworx
Egress Software Technologies
Entrust
Greenview Data
HPE
McAfee
Microsoft
Sophos
Virtru
WatchGuard Technologies, etc.

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Managed Print Services Market Size 2023 | Industry Share, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Managed Print 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 managed print services 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 managed print services market?

Report Attributes	Details
Market Size in 2022	US$ 42.5 Billion
Market Forecast in 2028	US$ 69.3 Billion
Growth rate (2023 to 2028)	CAGR of 8.4%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is managed print services?

Managed print service (MPS) is a customized service employed to manage the printing devices of the company. It optimizes printing work, minimizes operational expenditures and helps in effective planning by reducing the time spent on print-related tasks. It offers control in printing supplies and minimizes the wastage and carbon footprint of the printing fleet compared to conventional printing models. MPS assists in improving efficiency and enhancing flexibility by supervising printing functions and enabling users to access files from various web-connected devices. Apart from this, it allows organizations to improve their productivity and information security by monitoring usage, replacing consumables, and meeting the printing needs of the company, such as document size and format. At present, it finds extensive applications in banking, financial services, and insurance (BFSI), government, healthcare and education, manufacturing, retail and consumer goods, information technology (IT), and telecom industries.

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What are the growth prospects and trends in the managed print services industry?

Rapid digitization and the increasing use of paper across numerous industries are among the primary factors positively influencing the market across the globe. In addition, the growing need to manage time-consuming tasks is catalyzing the demand for cloud-based printing solutions to eliminate the need for on-premises infrastructure and enable the IT team to manage printers directly through a centralized portal. This, in confluence with the increasing demand for mobile printing ecosystems and reducing funding of businesses in buying printing solutions, is creating a favorable market outlook. Moreover, the incorporation of the latest technologies, such as artificial intelligence (AI) with wireless printing devices, combined with big data analytics for predictive maintenance, upgrading system, and reducing waste, is offering lucrative growth opportunities to the key market players to introduce advanced devices. Leading services providers are also introducing multi-level authentication to ensure protection against network intrusion and ensure streamlined workflow in the high-volume printing environment, which is further strengthening the market growth. Additionally, the increasing penetration of the high-speed internet and the rising adoption of devices, such as laptops, smartphones, and tablets, are contributing to the market growth. Moreover, the widespread adoption of MPS in the healthcare sector to provide a simple, efficient, cost-effective, and secure printing environment is propelling the market growth. Furthermore, several organizations are focusing on reducing printing margins and font size to reduce paper waste, which is creating a positive market outlook. Besides this, increasing investments in research and development (R&D) activities to employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Print Management
Device Management
Discovery and Design
Document Imaging

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Organization Size:

Large Enterprises
Medium Enterprises
Small Enterprises

Breakup by Industry Vertical:

BFSI
Government
Healthcare and Education
Manufacturing
Retail and Consumer Goods
IT and Telecom
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:

ARC Document Solutions Inc.
Brother Industries Ltd.
Canon Inc.
HP Inc.
Konica Minolta Inc.
Lexmark International Inc.
Ricoh Company Ltd.
Sharp Corporation
Toshiba Corporation
WeP Solutions Ltd
Xerox Corporation.

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Application Delivery Controller Market Growth 2023 | Industry Share, Size, Trends and Forecast 2028

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

Report Highlights

How big is the application delivery controller market?

Report Attributes	Details
Market Size in 2022	US$ 3.2 Billion
Market Forecast in 2028	US$ 5.3 Billion
Growth rate (2023 to 2028)	CAGR of 8.67%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is application delivery controller?

Application delivery controller (ADC) refers to the software that manages and optimizes the data flow between client connections and web or enterprise applications. It comprises hardware and virtual appliances, and software-only load balancers. It is reliable and fast and involves cloud and mobile access to perform the work. It offers application acceleration, load balancing, caching, compression, traffic shaping, content switching, multiplexing, and application security. It assists in optimizing the performance, resiliency, and security of applications delivered online. As a result, it is widely employed in the IT and telecommunication, healthcare, and banking, financial services, and insurance (BFSI) industries across the globe.

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What are the growth prospects and trends in the application delivery controller industry?

At present, the rising demand for ADC to maintain uninterrupted communication channels among various business operations represents one of the key factors contributing to the market growth. Besides this, the growing demand for ADC in the IT and telecommunication industry to manage access and a load of numerous applications is offering a positive market outlook. Apart from this, the increasing adoption of ADC in cloud networking, as it assists in controlling network errors, is positively influencing the market. Moreover, the rising demand for ADC to reduce security threats, such as structured query language (SQL) injection, data from overruns, cookie poisoning, and cross-site scripting, is bolstering the growth of the market. Furthermore, the increasing demand for ADC to optimize performance over mobile networks is strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Hardware Based ADC
Software Based ADC

Breakup by Component:

Products
Services

Breakup by Organization Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

Breakup by Vertical:

BFSI
IT and Telecom
Government and Public Sector
Healthcare and Life Sciences
Manufacturing
Retail
Energy and Utilities
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:

A10 Networks Inc.
Array Networks Inc.
Barracuda Networks Inc.
Brocade Communications Systems Inc.
Citrix Systems Inc.
Cloudflare Inc.
F5 Networks Inc.
Fortinet Inc.
KEMP Technologies Inc.
Radware Corporation, etc.

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Embedded Analytics Market Size 2023 | Industry Share, Growth, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Embedded Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global embedded analytics 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 embedded analytics market?

Report Attributes	Details
Market Size in 2022	US$ 54.6 Billion
Market Forecast in 2028	US$ 117.3 Billion
Growth rate (2023 to 2028)	CAGR of 12.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is embedded analytics?

Embedded analytics refers to a digital workplace capability wherein data analysis occurs within a natural workflow of users. It offers visual workflows, static reports, dashboards, hoc querying, predictive analytics, mobile reporting, and benchmarking. It assists in enhancing decision-making, increasing productivity and sales, and improving business performance. It also aids in maintaining brand identity and data confidentiality and generating more revenues. Besides this, it helps customize actions based on the interaction of customers with dashboards and visualizations. As a result, embedded analytics is widely employed in the healthcare, media and entertainment, IT and telecommunication, e-commerce, defense, education, and banking, financial services, and insurance (BFSI) industries around the world.

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What are the growth prospects and trends in the embedded analytics industry?

At present, the increasing demand for embedded analytics as it assists in managing real-time data generation represents one of the primary factors contributing to the market growth. Besides this, the growing adoption of big data and the internet of things (IoT) among numerous organizations to achieve optimum performance is offering a positive market outlook. Apart from this, the rising demand for embedded analytics due to various benefits, such as cost-effectiveness and increased efficiency and productivity, is propelling the growth of the market. Moreover, the increasing demand for embedded analytics due to the rapid adoption of mobile devices and cloud computing is offering lucrative growth opportunities to industry investors. Furthermore, the rising utilization of embedded analytics by small and medium-sized enterprises (SMEs) is strengthening the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Solution:

Software
Services

Breakup by Analytics Tool:

Dashboard and Data Visualization
Self-service Tools
Benchmarking
Reporting

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Business Function:

Finance
Human Resources
Marketing and Sales
Production
Others

Breakup by Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Breakup by Industry Vertical:

BFSI
IT and Telecommunication
Retail and Consumer Goods
Healthcare and Life Sciences
Manufacturing
Government
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:

Infor (Koch Industries Inc.)
International Business Machines Corporation
Logi Analytics Inc. (Insightsoftware Inc.)
Microsoft Corporation
Open Text Corporation
Oracle Corporation
QlikTech International AB
SAP SE
Sisense Inc.
Tableau Software LLC (Salesforce.com Inc)
TIBCO Software Inc

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BPO Business Analytics Market Size 2023 | Industry Share, Analysis, Growth and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “BPO Business Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global BPO business analytics 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 BPO business analytics market?

Report Attributes	Details
Market Size in 2022	US$ 22.7 Billion
Market Forecast in 2028	US$ 72.0 Billion
Growth rate (2023 to 2028)	CAGR of 21.5%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is BPO business analytics?

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What are the growth prospects and trends in the BPO business analytics industry?

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

Software
Services

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Application:

Finance & Accounting
Human Resources
Knowledge Process Outsourcing
Procurement & Supply Chain
Customer Services
Others

Breakup by Vertical:

BFSI
IT and Telecommunication
Healthcare
Manufacturing
Retail
Transportation and Logistics
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 PLC
Capgemini SE
Cognizant Technology Solutions
Exlservice Holdings Inc.
Genpact Limited
International Business Machines Corporation
Infosys Limited
Mu Sigma Inc.
NTT DATA Corporation (Nippon Telegraph and Telephone)
TATA Consultancy Services Limited (Tata Sons Private Limited)
Tech Mahindra Limited (Mahindra Group)
Wipro Limited
WNS Global Services.

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Passenger Information System Market Size 2023 | Industry Share, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled, “Passenger Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global passenger information system 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 passenger information system market?

Report Attributes	Details
Market Size in 2022	US$ 23.8 Billion
Market Forecast in 2028	US$ 46.0 Billion
Growth rate (2023 to 2028)	CAGR of 11.51%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is passenger information system?

Passenger information system (PIS) refers to a digital information system that allows real-time monitoring, tracking, and easy handling of passenger data. It is utilized to forecast arrival and departure times and analyze delays and disturbances. It assists passengers in measuring punctuality and regularity of public transport, enhancing customer satisfaction, and providing the route and destination of vehicles. It also offers information about stations covered, emergency contact numbers, services provided inside the vehicle, and previous and upcoming stations. It aids in reducing complaints, providing high functional reliability, and improving traveling comfort. As a result, PIS is widely utilized in various transportation, such as airways, railways, and roadways, across the globe.

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What are the growth prospects and trends in the passenger information system industry?

At present, the rising demand for intelligent public transportation systems among the masses that provide real-time transit information to passengers represents one of the primary factors supporting the market growth. Besides this, the growing adoption of the internet of things (IoT), cloud, and big data solutions in the transportation sector are offering a positive market outlook. Apart from this, technological advancements in the telecommunication industry to facilitate fast data transfer are positively influencing the market. Moreover, the rising demand for mobile application-based PIS due to the increasing adoption of smartphones around the world is strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Mode of Transport:

Airways
Railways
Roadways

Breakup by Component:

Hardware and Software
Services

Breakup by System Type:

Multimedia Displays
Audio Systems
Computing Systems
Networking and Communication Devices
Video Surveillance Systems
Content Management System
Others

Breakup by Location:

On Board
In Station

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:

Advantech Co. Ltd.
Cisco Systems Inc.
Cubic Corporation
Hitachi Ltd.
Huawei
Indra Sistemas S.A.
Infax Inc.
Mitsubishi Electric Corp.
Passio Technologies
Siemens
Teleste Oyj.

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Machine Learning as a Service (MLaaS) Market Growth 2023 | Trends, Size, Share and Forecast 2028

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

Report Highlights

How big is the machine learning as a service market?

Report Attributes	Details
Market Size in 2022	US$ 5.7 Billion
Market Forecast in 2028	US$ 31.0 Billion
Growth rate (2023 to 2028)	CAGR of 31.2%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is machine learning as a service?

Machine Learning as a Service (MLaaS) is a cloud-based service that enables businesses to access machine learning (ML) algorithms and models without investing in expensive infrastructure, expertise, and tools. It provides pre-built algorithms, tools, and data processing resources that allow businesses to build, deploy, and manage ML models and applications. At present, it is employed for predictive analytics, natural language processing (NLP), image recognition, fraud detection, and recommendation engines across the globe.

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What are the growth prospects and trends in the machine learning as a service industry?

The increasing availability of cloud computing infrastructure and the rising need for ML to gain insights and drive decision-making in businesses currently represent one of the key factors catalyzing the demand for MLaaS across the globe. In addition, ongoing developments in ML with new algorithms, tools, and techniques is offering lucrative growth opportunities to MLaaS providers for constantly updating their services and making ML more accessible to businesses of all sizes. They are also providing customizable models and algorithms that can be deployed for specific needs and use cases and offer interoperability with a wide range of tools and platforms, including programming languages and development frameworks. Furthermore, the rising focus on increasing revenue, reducing costs, and improving customer satisfaction, is stimulating the market growth worldwide.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Software
Services

Breakup by Organization Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Application:

Marketing and Advertising
Fraud Detection and Risk Management
Predictive Analytics
Augmented and Virtual Reality
Natural Language Processing
Computer Vision
Security and Surveillance
Others

Breakup by End User:

IT and Telecom
Automotive
Healthcare
Aerospace and Defense
Retail
Government
BFSI
Other

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:

com Inc.
Bigml Inc.
Fair Isaac Corporation
Google LLC (Alphabet Inc.)
ai Inc.
Hewlett Packard Enterprise Development LP
Iflowsoft LLC
International Business Machines Corporation
Microsoft Corporation
MonkeyLearn
Sas Institute Inc.
Yottamine Analytics Inc.

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