A Market Place Research – Page 1606

Document-Centric Collaboration Software Market To See Incredible Growth During the Forecast Period 2022–2029

The global document-centric collaboration software market is expected to register substantial growth in the near future, attributed to growth in need to improved productivity and effeciency. Further, the ability of document collaboration becomes necessary with the increase in mobile workforce and is expected to witness widespread acceptance among small & mid-size organizations owing to increase in globalization. However, management and maintenance of large volume of different file formats can restraint the market growth.

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Document-centric collaboration is a type of content management that promotes working together on projects online, and placing the content of the document at the center of the process. It is an approach where document is considered as the foundation or starting point. In document-centric system, the document is recovered and automatically calls the required software to work with it. Adoption of wider business applications and technological advancements for document collaboration allows significant usage of mobile devices among organizations.

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The report segments the document-centric collaboration software market on the basis of deployment model, organization size, end user, and geography. As per deployment model, the market is divided into on-premise and cloud based. On the basis of organization size, the market is classified into large organization and small & mid-size organization. As per end user, it is categorized into healthcare, IT & telecom, BFSI, public sector, legal, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as IBM Corporation, OpenText, Dell Inc., Microsoft Corporation, 5i Solution, Box, ACCELLION, Alfresco Software, CIGNEX Datamatics, and Savvydox are also provided in this report.

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Key Benefits

This report provides an extensive analysis of the current and emerging market trends and dynamics in the global document-centric collaboration software market.
In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
This study evaluates competitive landscape and value chain is taken into account to elucidate the competitive environment across the geographies.
This report entails the detailed quantitative analysis of the current market and estimations through 2016-2023, which assists in identifying the prevailing market opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the global document-centric collaboration software market is provided.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Collaboration Software Market

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Artificial Intelligence in Education Sector Market may Set Huge Growth by 2026

Artificial intelligence (AI) is a computer program to imitate the human intelligence and enhancement of intelligent machines and software needed for the specific task. This software is used in industry verticals such as education, BFSI, healthcare, and government. Development of artificial intelligence-empowered educational games that help to enhance the overall educational process has significantly increased adoption of artificial intelligence in the education sector.

Integration of the artificial intelligence in education sector market creates revolution through its result driven approach. The applications in solving the issues such as language processing, reasoning, planning, and cognitive modeling increases the demand for the AI in the education sector. In another learning approach, AI can help organize and synthesize content to support content delivery.

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The global AI in education market is attributed to rise in inclusion of intelligent adaptive learning (IAL), rapid development of the IT, cumulative collaboration of vendors and institutions, and the leverage of the available device for learning. Budget constraints, high reliability on IT, and sustainability of the product restrains the promising growth of AI in education market. Growth in adoption of AI powered educational games, rise in trend of AI services through mobile devices, implementation of collaborative learning model, and facilitation of the improved course designing activities pose new opportunities in the market.

However, budget limitations, lack of awareness, and less ICT investment in underdeveloped regions, such as Africa and Middle East, limit the AI in Education market growth Moreover, encouragement from government on improving the quality of education and deployment of various software solutions, for instance, enterprise resource planning and learning management system in developed countries such as the U.S. and UK, are expected to offer ample opportunities for market growth.

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The artificial intelligence in education market is segmented on the basis of end user, educational model, component, and geography. Based on end user, it is bifurcated into higher education and K-12. The educational model is further categorized into learner model, pedagogical model, and domain model. On the basis of component, the market is divided into hardware, software, and services. Further, the software segment includes learning management system, enterprise resource planning, and learning analytics, while the services segment includes managed, professional, and training & support services. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key industry players have introduced various novel solutions in the AI in education market to expand their market presence. For instance, Google Inc. recently acquired an AI software company, DeepMind, from a British startup for half a billion dollars. Companies such as Microsoft Corporation plan to build various tools for educating via AI such as Cortana, which was released in May 2015 by Microsoft. Virtual classroom simulation, AI controlled content, and customized curriculum are the various aspects on which the companies are working on.

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Key Benefits for Stakeholders

This report is an extensive analysis of current and potential market trends in the dynamic global market of AI in education sector.
This study evaluating competitive landscape helps understand the competitive environment across the geographies.
The report contains in depth quantitative analysis of current and future market estimations through 2016-2023, which helps in recognizing the appealing market opportunities.
Extensive analysis of the market is conducted by monitoring the top competitors within the market framework.
Extensive analysis of the global AI in education market size elucidates the current practices for better investment decisions.
Key market players within the Artificial Intelligence in education market are profiled in this report and their strategies are analyzed thoroughly, which helps understand competitive outlook of global talent management tools.

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Overactive Bladder Treatment Market Scenario Analysis, Trends, Drivers and Impact Analysis

According to the “Overactive Bladder Treatment Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟐𝟎 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.

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In December 2019, Urovant Sciences announced that it had submitted a new drug application (NDA) to the US Food and Drug Administration (FDA) seeking approval of 75mg vibegron for the treatment of patients with overactive bladder (OAB). Urinary incontinence, urgency and frequency of urination. Hence, such products are expected to drive the growth of the market. An increase in the number of mergers and acquisitions is expected to help boost the industry in the coming years. For example, in March 2018, Laborie signed a $239 million deal to buy Cogentix Medical. The takeover will give Labora control over devices for the treatment of overactive bladder (OAB) and stress urinary incontinence (SUI).

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Major factors impacting the industry include an increasing urinary tract in women and an aging population. Moreover, increase in the number of product launches and approvals for generics is expected to fuel the market growth. Various major companies focus on leveraging strategic alliances such as expanding into multiple sectors, which are more sensitive to driving the industry.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:

This study presents the analytical depiction of the global overactive bladder treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global overactive bladder treatment market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global overactive bladder treatment market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global overactive bladder treatment market analysis based on competitive intensity and how the competition will take shape in coming years.

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𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Astellas Pharma, Inc.,
Pfizer, Inc.,
Teva Pharmaceutical Industries Limited,
Allergan, Plc,
Medtronic plc,
Mylan N.V.,
Endo International plc,
Hisamitsu Pharmaceutical Co., Inc.,
Sanofi,
Aurobindo Pharma Limited

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Tissue Engineering Market

Biochips Market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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Genitourinary Drugs Market Top Key Players, Product Type and Growth Analysis 2020-2027

According to the “Genitourinary Drugs Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟐𝟎 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.

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Growth in genital disorders is expected to drive the industry during the forecast period. An increase in the number of pipeline drugs for genitourinary disorders is also expected to fuel the market growth in the coming years. The surge in the number of generics launched by large pharmaceutical companies as well as small and medium-sized drug manufacturers is expected to help the industry generate more revenue in the next few years.

Growth in number of product launches is expected to help the industry flourish during the forecast period. For instance,in November 2019,the FDA approved cefiderocol (FETROJA) in patients of 18 years of age or older who have limited or no alternative treatment options, for complicated urinary tract infections (cUTI), including pyelonephritis, caused by susceptible Gram-negative microorganisms such as Escherichia coli, Klebsiella pneumoniae, Proteus mirabilis, Pseudomonas aeruginosa, and Enterobacter cloacae complex.

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An increase in the number of mergers and acquisitions is expected to help the industry grow in the coming years. For example, in June 2019, AbbVie Inc. agreed to pay $63 billion for rival drugmaker Allergan Plc, the latest merger in an industry where some big companies are willing to pay a hefty premium to address questions about their growth potential. With the merger of these two companies, the product line that includes drugs to treat genitourinary diseases will get more distribution channels and hence will be beneficial for the growth of the market during the forecast period.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:

This study presents the analytical depiction of the global genitourinary drugs industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global genitourinary drugs market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global genitourinary drugs market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the genitourinary drugsmarket.
The report provides a detailed global genitourinary drugs market analysis based on competitive intensity and how the competition will take shape in coming years.

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𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Abbott,
Bristol-Myers Squibb Co.,
Novartis AG,
Genentech, Inc.,
F. Hoffmann-La Roche Ltd,
Ionis Pharmaceuticals, Inc.,
Eli Lilly and Company,
Merck & Co., Inc.,
Pfizer, Inc.
AstraZeneca

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Tissue Engineering Market

Biochips Market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Walking Assist Devices Market is Expected to Register a Considerable Growth by 2027

According to the “Walking Assist Devices Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟐𝟎 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.

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The market for walking assist devices is expected to grow in the coming years due to factors such as increase in the number of initiatives taken by the governments of various countries for the availability of walking assist devices and increase in the aging population worldwide. Walking assist devices include assistive technology. It provides rehabilitation, assistive and adaptive devices for people with physical disabilities. A walking assistive device helps patients to work independently when they are unable to complete work or have difficulty doing any work.

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Factors such as increasing geriatric population worldwide and rise in the incidence of diseases such as arthritis and osteoarthritis are expected to drive growth in the walking assistive devices market. Increase in government initiatives for availability of walking assistive devices and technological advancements are expected to fuel the market growth.

Increase in pre-operative healthcare expenditure and increase in demand for rehabilitation devices is expected to drive growth in the walking assistive devices market. However, the high cost of walking assistance devices and complications associated with them are expected to hinder the growth of the walking assistance devices market to some extent during the forecast period.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:

This study presents the analytical depiction of the walking assist devices market along with the current trends and future estimations to determine the investments.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the walking assist devices market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed walking assist devices market analysis based on competitive intensity and how the competition will take shape in coming years.

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𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

Honda Motor Co., Ltd.
Permobil Inc.
GF Health Products, Inc.
Invacare Corporation
Besco Medical Co., LTD.
Betterlifehealthcare Ltd.
C.T.M. Homecare Product, Inc.
Ottobock
Ossenberg GmbH
Pride Mobility Products Corp.
Aetna Inc.
Sunrise Medical (US) LLC
Karma Healthcare Ltd

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Tissue Engineering Market

Biochips Market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Phycocyanin Market is projected to reach $409.8 million by 2030, registering a CAGR of 9.6% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “Global Phycocyanin Market by Form, Grade and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global phycocyanin market size is expected to reach $409.8 million by 2030 at a CAGR of 9.6% from 2021 to 2030.

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Phycocyanin belongs to the light harvesting phycobiliprotein family. It is found in Cryptophyceae, cyanobacteria, Rhodophyceae and according to the species it is called as C-PC and R-PC. It has been gaining major popularity in medical and biotechnology filed as C-phycocyanin isolated from S. platensis having many therapeutic efficacies such as anticancer properties, free radical scavenging activity, and antioxidant and anti-inflammatory properties.

North America and Europe are critically banning use of synthetic colors in food & beverages, owing to its health hazards hyperactivity in the children and skin allergies. For instance, European Food Safety Authority, the regulatory agency of EU countries has banned the utilization of synthetic color for food safety for the products that are consumed in EU countries, which subsequently promotes the growth for natural color market; thus, indirectly boosting the demand for phycocyanin during the forecast period.

During COVID-19 pandemic, people were highly preferred to consume natural and organic functional, nutritional and dietary food and supplements in order to increase the immune system, which fueled the demand for natural coloring agents, organic ingredients, and food additives. Thus, growing demand for high nutritional food with organic and natural ingredients, additive and coloring agents have accelerated the growth of the phycocyanin market during the pandemic, and is expected to sustain its popularity after pandemic.

The phycocyanin market is segmented on the basis of form, grade, application, and region. On the basis of form, the market is categorized into powder and liquid. On the basis of grade, the market is divided into food grade, pharma grade and reagent & analytical grade. By application, it is segregated into food & beverages, pharmaceuticals, cosmetics, nutraceuticals and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, the Netherlands, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).

According to the phycocyanin market trends, on the basis of form, the liquid segment was valued at $11.8 million in 2020, and is projected to reach $39.0 million by 2030, registering a CAGR of 12.1% from 2021 to 2030. Liquid phycocyanin has been gaining significant traction among end users as liquid phycocyanin is more concentrated than powder so food & beverages manufacturing companies need liquid phycocyanin in lesser quantity.

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On the basis of grade, the reagent & analytical grade segment is estimated to reach $14.8 million by 2030, at a CAGR of 10.1%. The grades of the phycocyanin are based on the purity of the phycocyanin and on the basis of purity, it is used in various applications such as pharmaceutical, biomedical, and food & beverages. C-PC purity is defined as the ratio between the absorbances at 620 nm and 280 nm; when this ratio is ≥ 0.7, C-PC is considered to be of food grade purity and when ≥ 4.0 it is considered to be of analytical grade purity. Analytical grade phycocyanin is used for pharmaceutical and nutraceuticals applications as it is a nontoxic and non-carcinogenic natural coloring agent.

As per application, the cosmetic segment is estimated to reach $32.7 million by 2030, growing at a CAGR of 10.9%. Phycocyanin has been gaining considerable popularity cosmetic and personal care industry, owning to its free radical scavenging and anti-inflammatory properties. Growth in demand for premium cosmetic products and greater acceptance for the organic and natural ingredient-based cosmetic products are likely to surge the growth of the phycocyanin through cosmetic segment. For instance, Kunye’s Nourish Face Mask has gained major popularity among the health-conscious customers. Nourish Face Mask is an organic face mask that combines formula such as phycocyanin, wheatgrass, neem, sea kelp, and Canadian bentonite Clay.

Region wise, Europe has been gaining considerable traction in the phycocyanin market, and is expected to grow at a significant CAGR during the forecast period. EFSA, the regulatory agency of EU countries for food safety, has banned the use of synthetic colors in the products consumed in EU countries, which is expected to boost the growth of the natural color market. Changes in consumer preferences toward nutritious and healthy products is the new trend for which companies are launching innovative products to supplement the demands of the modern society. Thus, growing demand for organic and natural food color and high inclination toward nutritious foods products are expected to accelerate the growth of the Europe phycocyanin market during the forecast period.

The players operating in the phycocyanin industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bluetec Naturals Co., DDW Inc., DIC Corporation, Earthrise Nutritionals LLC, Japan Algae Co. Ltd., Parry Nutraceuticals, Phyco-Biotech Laboratories, Qingdao ZolanBio Co. Ltd., Sigma-Aldrich Corporation, and Yunnan Green A Biological Project Co. Ltd.

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Key findings of the study

The phycocyanin market was valued at $155.3 million in 2020, and is estimated to reach $409.8 million by 2030, growing at a CAGR of 9.6% during the forecast period.
By form, the powder segment is estimated to witness the fastest growth, registering a CAGR of 9.4% during the forecast period.
In 2020, depending on application, the nutraceuticals segment was valued at $18.9 million, accounting for 12.2% of the global functional pet food market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $107.8 million by 2030, growing at a CAGR of 7.9% during the forecast period.

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IoT in Public Safety Market Is Likely to Experience a Tremendous Growth in Near Future 2031

Growing adoption of IoT technology in various cameras, communication network, and other systems across the globe enhances the growth of the market. The key factor driving the IoT in public safety market trends include surge in number of smart cities projects across the developing nations and rise in adoption of machine learning and AI-based public safety solutions boost the growth of the global IoT in public safety market.

In addition, increasing number of natural calamities and terrorist attacks across the globe positively impacts the growth of the market. However, high implementation cost and budget constraint for deploying smart devices are expected to hamper the IoT in public safety market growth. On the contrary, growing adoption of IoT technology among various industries is expected to offer remunerative opportunities for the expansion of the market during the forecast period.

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The government & public sector is expected to garner a significant share during the forecast period. This is attributed to rise in demand for various IoT technology enabled devices among the government for having a better idea about their economy and for predicting and analyzing the criminal activities across the nation. However, the healthcare segment is expected to grow at the highest rate during the forecast period, owing to rising government initiatives in developing nations for promoting digital healthcare and surge in adoption of IoT devices for treatment of patients.

Region-wise, the IoT in public safety market was dominated by North America in 2019, and is expected to retain its position during the forecast period. This is attributed to surge in demand for digital transformation across numerous end users and increase in convergence of different technologies, such as IoT technology and artificial intelligence (AI), which have created an impact on the region and managed to increase its IT budget. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to rise in adoption of various smart city projects in developing nations such as China and India.

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The outbreak of COVID-19 is anticipated to have a positive impact on the growth of the IoT in public safety market. This is attributed to increase in spending on IoT technology by healthcare service providers to collect large amount of patient information during the COVID-19 outbreak.

In addition, increase in spending on connected medical devices by people across the globe to protect themselves from coronavirus is considered as an important driver to boost the IoT in public safety market during the COVID-19 outbreak. Furthermore, several governments across developing nations are investing heavily in IoT technology for increasing the security and safety features of the general public, which is driving the growth of the market.

The key players profiled in the IoT in public safety market analysis are Cisco Systems, Inc., Huawei Technologies Co., Ltd., Hitachi Vantara, Intel Corporation, IBM Corporation, Microsoft Corporation, NEC Corporation, Siemens AG, Sierra Wireless, and West Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the IoT in public safety industry.

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Public Safety and Security Market

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Maritime Satellite Communication Market Analysis Growth Factors and Competitive Strategies by Forecast 2022-2029

Need of enhanced data communication in the maritime industry for improved on-board security & surveillance, operation efficiency, and employee/passenger welfare majorly drives the maritime satellite communication market. In addition, less expensive satellite communication technology introductions by key players drives the market by attracting end-users, which were unable to access satellite communication services earlier.

In addition, extensive applications/benefits of satellite communication systems in maritime industry is leading to growing adoption of this systems. However, lack of awareness among end users about these technologies and the need of expensive infrastructure hampers growth of the market. On the contrary, growing adaptation or implementation of an integrated management system and rise of the cloud-based satellite communication platform providers are key opportunities for the market growth in next few years.

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Impact of COVID-19 on Maritime Satellite Communication Market:

The widespread economic shutdowns due to pandemic caused unprecedented break to the cruise sector along with considerable short-term disruption caused by collapsing oil prices.
Cruise ships and vessels are repatriating crew members. However, after the pandemic they would require to transport goods, acquire crew, and perform essential services.
Maritime end-users are looking for ways to safely operate in the current situation as well as post pandemic; hence, the demand for connectivity may continue to increase on a per-vessel basis.
Regulatory pressure on crew welfare and communications is the major factor pushing maritime operators to install new generation satellite communication systems on their vessels.

E-navigation strategy is developed by the International Maritime Organization (IMO) to maintain better communication between ship-to-shore and ship-to-ship. It is facilitating greater data and information exchange between ships. It reduces human error and failure margins by employing a superior functioning system that consist of enriched electronics, navigational tools, and satellite communication systems.

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E-navigation systems that are widely being used in the maritime industry includes Automatic Identification System (AIS), Long Range Identification and Tracking Systems (LRIT), Global Maritime Distress Safety System (GMDSS), Automatic Radar Plotting Aids (ARPA), Integrated Navigation Systems (INS), Integrated Bridge System (IBS), and Electronic Chart Display and Information System (ECDIS).

Autonomous ships are aimed at making ships self-drivento increase productivity and competency, thus allowing smooth functioning of tasks. It minimizes human errors and reduces manpower required for operations on ships.

Presently, these types of mostly unmanned ships are being experimented,which areequipped with several upgraded technologies such as tracking systems, a positioning system for being informed about different routes, advanced sensors to avoid obstacles, and control systems to operate these ships from the teams at the shore if needed. These ships are constantly connected with the onshore teams and hence, this trend of autonomous ships fuels growth of maritime satellite communication market.

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Key benefits of the report:

This study presents the analytical depiction of the global maritime satellite communication industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global maritime satellite communication market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global maritime satellite communication market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global maritime satellite communication market analysis based on competitive intensity and how the competition will take shape in coming years.

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Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

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Satellite Internet Market

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Middle Office Outsourcing Market Rising Trends, Growing Demand and Business Opportunities 2021-2031

There are several benefits of middle office outsourcing such as reducing overhead costs, enhancing operational efficiency, and improved customer satisfaction and services, which encourages organizations to invest in middle office outsourcing drives the market growth.

Impact of COVID -19 on Middle Office Outsourcing Market:

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the middle office outsourcing market.
Presently, companies and organizations are outsourcing work to reduce their overhead costs and generate more revenue, which helps prominent players to prosper in the market.

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Introduction of adoption of various data analytics service by firms is the major factor that drives growth of the market. However, data theft and privacy issues and delays in outsourcing process hampers the market growth. Furthermore, rise in need for advanced technologies among businesses such as machine-to-machine communication and internet of things (IoT) is expected to provide lucrative opportunities for the middle office outsourcing market.

The middle office outsourcing market is growing at a very fast pace. In addition, the market is very competitive so prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to increase their customer base.

For instance, in April 2020, BNP Paribas Securities Services and BlackRock made a partnership via Aladdin Provider to deliver integrated end-to-end investment management capabilities to mutual clients. This agreement is expected to help BlackRock’s flagship investment operations platform to perform middle-office outsourced services with Aladdin’s Investment Book of Record.

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North America expected to lead the market:

North America is expected to have the largest market share during the forecast period, owing to surge in the financial sector in this region and rise in adoption of advance technology by various financial institutes. In addition, growth in demand for cost effective solutions by financial institutes and growth in need to reduce operational efficiencies drive growth of the market in this region. Furthermore, rise in demand for middle office outsourcing from asset servicing companies to upsurge their profit is expected to provide lucrative opportunity for the market.

Key benefits of the report:

This study presents analytical depiction of the global middle office outsourcing market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global middle office outsourcing market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on the present and future competitive intensity of the market.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/8280

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Video Telematics Market Challenges, Global Industry Analysis by 2022-2029

Currently, due to the rise of artificial intelligence (AI) and video analytics have raised the pace of innovation in this space. A video telematics system works by combining video data with the vehicle data and the camera system usually connected to the vehicle’s diagnostics port or telematics black box through hard wired connection. The system captures real-time video time video and combines it with the other vehicle specific data such as time, location, speed and a variety of other data from the vehicle’s diagnostics port.

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Growing demand for video telematics due to its numerous benefits such as fuel saving, fleet tracking, accident prevention, immediate notifications of incidents, facilities steady improvements, reduced operational cost, improved driver engagement and retention and others drives the growth of video telematics market. However, threats of data breaches and high cost of installations are restraining growth of this market. Furthermore, rise in the commoditization of hardware, rise in the adoption of fleet telematics and increased merger and acquisition in video telematics market is expected to boost the opportunities for the market.

With the implementation of video telematics, organizations are expecting a significant cost savings. The video telematics provides an obvious savings in case of accidents where drivers are exonerated. In addition to this, extra savings is gained through reduced traffic violations and associated fines which is driving its adoption.

The major challenge for the video telematics market it the high cost associated with that installation. As the initial configuration of video telematics may require a large investment as well as the maintenance for the same. In addition to that, the cost of fuel may also increase the burden for the organization. Thus, due to the high cost may hinder the growth of the video telematics market.

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From the past few years, the fleet telematics has been rising and it is expected to continue as the technology grows and develops in terms of what it offers fleets. As the technology will evolve it will generate more data types that fleets can analyze thus providing more ways to parse with the help of collected data. In addition to this, with the video telematics, organization would able to have a platform which can make sense data, provide predictive analytics and enable businesses to tackle large scale problems. Moreover, with the telematics enterprises will also have ubiquitous functionality in fleet vehicles will help reduce logistical headaches for fleets. Thus, with the adoption of fleet telematics, the opportunities for the video telematics is also expected to boost.

Key benefits of the video telematics market report:

This study presents the analytical depiction of the global video telematics market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the video telematics market share.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The current market is quantitatively analyzed from 2019 to 2027 to highlight the global video telematics market growth scenario.
The report provides detailed video telematics analysis based on competitive intensity and how the competition will take shape in coming years.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/7151

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