Digital circular economy market is anticipated to grow at a CAGR of 24.1% during the forecast period (2024-2031). The global digital circular economy market is expanding owing to rising environmental awareness, rising adoption of digital technologies, favorable government regulations, and consumer demand for eco-friendly products and services.
ESG reporting software market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031). The market growth is attributed to the increasing integration of loT sensors and real-time data feeds, that allow enterprises to monitor their ESG performance continuously. Additionally, companies are using ESG reporting tools to show their commitment to environmental stewardship in response to the growing sustainable investing in the private sector driving the growth of the global ESG reporting software market.
Content analytics, discovery, and cognitive software market is anticipated to grow at a CAGR of 13.7% during the forecast period. The software is used collectively or individually by organizations to analyze and extract insights from unstructured data such as customer interaction, purchase history, search history, and many others. The industry is expected to grow owing to the boom in artificial intelligence (AI) and machine learning (ML) technology across industries to enhance data processing capabilities increase in regular generation of unstructured data, rising use of analytical software for data extraction and strategy formation, and investment by private players to enhance data learning models.
Pet care e-commerce market is anticipated to grow at a CAGR of 9.2% during the forecast period (2024-2031). The pet care e-commerce industry offers a wide range of products, such as dietary food items, necessary grooming supplies, and supplements for pet health. The market growth is driven by the widespread presence of the internet, timely availability, and frequent updates of new products on e-commerce platforms. The availability of various promotional strategies will also contribute positively towards market growth. The trade-in of pets on social media platforms will contribute towards market growth. Further, the rise in the number of pet adoptions and the improvement of technology of e-commerce platforms are also driving the market surge.
Tunnel automation market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). Tunnel Automation provides optimal solutions for heating, ventilation, air conditioning, signaling, lighting, emergency response, and surveillance. A major factor supporting the market's growth is the increasing safety regulatory policies by various governments and the increased need for security to bolster investments in the tunnel automation market. Governments globally are implementing stricter regulations to minimize accidents and ensure the well-being of commuters and tunnel personnel.
Digital product passport software market is anticipated to grow at a significant CAGR of 19.1% during the forecast period (2024-2031). Digital product passport software enhances transparency, trust, and accountability among stakeholders in the supply chain by offering a common platform for recording and retrieving product data. DPP program analyzes product data using AI and contemporary analytics to spot trends, patterns, and supply chain optimization.
Web application firewall market is anticipated to grow at a CAGR of 16.7% during the forecast period (2024-2031). Web application firewall refers to a hardware or software solution created to regulate and keep track of network traffic on web-enabled applications. Web-enabled applications' network traffic is tracked by a web application firewall (WAF). It aids in data packet blocking and creates a secure barrier between the computer and the outside world. It aids in avoiding malware attacks, impersonations, and unapproved cyber vulnerabilities.
Productivity management software market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031).The market growth is attributed to the increasing adoption of cloud computing with machine learning (ML) and artificial intelligence (AI) in productivity management software.AI increases overall productivity by allowing employees to focus on important activities by automating data analysis and image identification. AI is quite effective at finding patterns in large datasets.
E-learning services market is anticipated to grow at a significant CAGR of 11.2% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for cost-effective training and learning techniques in the corporate and academic sectors. The e-learning services have flexibility in content processing, accessibility, and storage. The cloud learning platform offers several benefits, including cost-effectiveness, data backup, security, and remote access.
Foreign exchange services market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031). Foreign exchange services means the provision of foreign exchangeservices to clients, including but not limited to selling, purchasing, and delivering currency transactions. These transactions may be spot or forward. It is the global market where different currencies are traded.
Railway management system market is anticipated to grow at a significant CAGR of 13.2% during the forecast period (2024-2031). The market growth is attributed to the increasing dependability of society on railroads, increased infrastructure development, safety and security, growing use of IoT and automation, and rising global passenger traffic, globally.
Medical spa management software market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031).The medical spa management software market is growing owing to the increasing demand for integrated management solutions in the spa industry. Technological advancements, such as cloud-based software, mobile applications, and AI algorithms, are driving innovation in the market. The growing awareness of wellness and self-care is driving the demand for advanced management software.
Database monitoring software market is anticipated to grow at a significant CAGR of 15.4% during the forecast period (2024-2031).The database monitoring software measures database performance. The database manager, its databases, and other linked applications provide information to the database management system (DBMS).DBMS evaluate each application's performance independently.
Workflow management system market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031). The market growth is attributed to the increasing demand of streamline business procedures by continually employing innovative technology in a range of sectors and industrial verticals. Many companies across various verticals use workflow management software in an attempt to automate and optimize business operations.
Customer intelligence platform market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of customer intelligence platforms in BFSI, IT, telecom, retail and e-commerce, and healthcare drive the growth of the market. In healthcare data intelligence platforms bring together disparate data sources, paired with best-in-class data and AI processing capabilities.
Stroke post processing software market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). The global stroke post-processing software market is driven by factors such as the increasing incidence of strokes, technological advancements in medical imaging, emphasis on early detection and intervention, increasing adoption of telestroke services, government initiatives to improve stroke care, and a growing focus on personalized medicine and precision diagnosis.
Patient safety software market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2024-2031). The market growth is attributed to the increase in the number of medical errors and an increasing need to ensure patient safety and care. Additionally, government programs to support the healthcare software industry and the growing use of digitalization globally drive the market growth.
Mobile application market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031).Mobile applicationrefers to the expansive ecosystem of software applications designed specifically for use on mobile devices, such as smartphones and tablets. These applications, commonly known as mobile apps, cover a wide range of functionalities and purposes, including but not limited to communication, entertainment, productivity, e-commerce, social networking, gaming, health and fitness, and education.
Enterprise Performance Management (EPM) market is anticipated to grow at a considerable CAGR of 9.3% during the forecast period (2024-2031). EPM refers to the collective landscape of software, services, and solutions designed to support organizations to manage, analyze, and optimize their performance across various business functions. This market encompasses a wide range of tools and technologies aimed at enhancing performance measurement, strategic planning, financial management, budgeting, forecasting, and reporting processes within organizations of all sizes and across diverse industries.
Fiber management systems market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031).The fiber management systems market includes solutions for organizing, protecting, and managing fiber optic cables in telecommunications networks, data centers, and enterprise IT infrastructure. The demand for these systems is driven by the rapid expansion of data center infrastructure, the deployment of 5G networks, and the global push for high-speed broadband connectivity.
Construction and design software market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031).The growth of the construction and design software market is attributed to the increasing demand for large-scale project management, as is the use of smart devices and cloud-based solutions globally. The development of software for construction speeds up corporate growth and facilitates the construction process including estimating, planning, accounting, project costing, risk factor maintenance, and many other areas that will all benefit from it.
Multiexperience development platforms market is anticipated to grow at a significant CAGR of 10.9% during the forecast period (2024-2031).The market growth is attributed to the increasing adoption of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), IoT (Internet of Things), and the developmentof seamless experiences via multiple channels. This enables to development of more easy and interactive applications.
Factoring services market is anticipated to grow at a CAGR of 9.0% during the forecast period (2024-2031). Factoring is acquiring accounts receivable or invoices from a company at a reduced price to address the company's short-term liquidity requirements while also profiting the buyer. Furthermore, it includes debt factoring, invoice finance, asset-based lending, and accounts receivable funding.
EHS software market is anticipated to grow at a significant CAGR of 12.5% during the forecast period (2024-2031). EHS software, also known as environmental, health, and safety (EHS) software, is a type of software that helps organizations manage their EHS risks and compliance. EHS software can be used to track hazardous materials, manage incident reports, and comply with regulations.
Digital trust market is anticipated to grow at a significant CAGR of 14.4% during the forecast period (2024-2031). Digital trust refers to the confidence and reliability established between individuals, organizations, and entities in the digital realm. It comprises cybersecurity, data protection, privacy, and identity management to address the growing demand for trust in the digital realm.
Antivirus software market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031). Antivirus software comprises cybersecurity solutions aimed at protecting devices and systems from malware and cyber threats. It encompasses products for individual users, businesses, and organizations, providing detection, prevention, and removal of malicious programs. With increasing digital reliance, the market plays animportant role in ensuring cybersecurity and safeguarding digital assets.
Construction Estimating Software market is anticipated to grow at a CAGR of 10.2% during the forecast period (2024-2031). Construction estimating software helps contractors and builders calculate project costs accurately has features that include takeoff tools for measuring quantities, cost databases for materials, labor, and equipment, integration with other software, reporting, and customization options. Popular options include ProEst, PlanSwift, STACK, Sage Estimating, and Buildertrend.
AdTech market is anticipated to grow at a CAGR of 12.7% during the forecast period (2024-2031). The growing adoption of artificial intelligence (AI) and machine learning (ML) in advertising, with improving personalized and effective Ad targeting is the key factor supporting the growth of the market globally. Innovative technologies to increase campaign performance and brand exposure, AdTech marketing agencies are essential in navigating the ever-shifting landscape of digital advertising.
Affective computing market is anticipated to grow at a significant CAGR of 26.2% during the forecast period (2024-2031).Affective computing refers to a class of computer-based solutions that analyze data about human behavior, such as facial expressions, gestures, and language, for its emotional information. The growing need to read human emotions to offer personalized products and services is a key factor driving the growth of the global affective computing market. However, data safety and security concern is estimated to be the major constraints for the market growth.
Healthcare asset management market is anticipated to grow at a significant CAGR of 28.4% during the forecast period (2024-2031). Improved patient care, ea00sy access to supplies to healthcare staff, increased staff productivity, improved operational efficiency, and better resource utilization along with safe disposal of medical waste are the key benefits of using a healthcare management system. The increasing adoption rate of this system among healthcare facilities owing to its offered benefits is a key factor driving the growth of the global market.
Sales intelligence market is anticipated to grow at a significant CAGR of 11.4% during the forecast period (2024-2031). The growing adoption of AI, automation, and data management with improving optimization and data enrichment tools is the key factor supporting the growth of the market globally. The increasing demand for data enrichment software to increase sales conversions and the need for advanced software to boost consumer targeting and connect rates drive the growth of the market.
Life science analytics software market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031). The growing adoption of analytics software in clinical trial and design applications is the key factor supporting the growth of the market globally. Analytical software is being used by market players to speed up the discovery of new medications by facilitating a more quantitative, reliable, and collaborative approach to clinical trial design.
Dark analytics market is anticipated to grow at a significant CAGR of 23.2% during the forecast period (2024-2031). The rising demand to analyze unstructured data to gain insights to make informed decisions in business is a key factor driving global market growth. However, the high cost of this analytics due to its complexity may restrain the global market growth.
WFM software market is anticipated to grow at a CAGR of 11.7 % during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for omnichannel workforce management solutions across the globe. This indicates that Flow can manage workforces across several channels, ensuring a consistent and integrated approach to workforce management.
Small business marketing software market is anticipated to grow at a significant CAGR of 15.5% during the forecast period (2023-2030). The market’s growth is attributed to the growing demand for e-commerce solutions among small businesses. Small businesses are realizing the significance of possessing an online presence. This desire is driving businesses to seek out for marketing software that can help with developing websites, e-commerce integration, and digital marketing techniques.
Statistical process control software market is anticipated to grow at a considerable CAGR of 10.6% during the forecast period (2023-2030). Statistical process control software is a scientific method that uses statistical techniques to monitor and control a process or production method. The growing demand for these tools from end-user industries is a key factor driving the global market. These tools and procedures can help monitor process behavior, discover issues in internal systems, and find solutions for production issues.
Low-code Development Platform market is anticipated to grow at a CAGR of 26.4% during the forecast period (2023-2030). A low-code development platform (LCDP) is a graphical user interface (GUI) that allows users to create application software. Low-code development platforms can help businesses become more agile and productive by providing, efficiency, flexibility, responsiveness, and iterability. There are many key drivers for the increase in the market, but one of the primary drivers is the shortage of IT professionals.
E-Commerce Platform market is anticipated to grow at a CAGR of 14.2% during the forecast period (2023-2030). One of the major drivers of the market is because of the growing adoption of omnichannel retail. Omnichannel retail is revolutionizing the shopping experience by bridging the gap between online and offline channels, creating a seamless customer journey. This strategy empowers customers to seamlessly switch between channels, whether it's browsing products online and purchasing in-store, or checking product availability in-store and making an online purchase.
Distributed cloud market is anticipated to grow at a CAGR of 22.8% during the forecast period (2023-2030). A distributed cloud is a computing architecture that distributes cloud resources and services across multiple physical locations, while providing a unified management and control plane. This approach aims to address the limitations of traditional centralized cloud models, which often face challenges with data latency, regulatory compliance, and scalability.
Technology CAD software market is anticipated to grow at a CAGR of 8.9% during the forecast period (2023-2030). CAD replaced manual design drafting, allowing design development, alteration and optimization. CAD enables engineers to craft more precise designs and manipulate them virtually. The growing adoption of CAD conversion technology from scratch, creating new techniques rooted in computational geometry is the key factor supporting the growth of the market globally. Various provisional patents cover the conversion of CAD files into 3D models.
Sports management software market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030) owing to the digital revolution in sports, rise in national and international sports events globally and increasing government investment in the sports industry. One of the major factors augmenting the demand for specialized management platforms in the sports sector is the rapid technological advancement in sports analytics.
Smart mining market is anticipated to grow at a considerable CAGR of 0.3% during the forecast period. The growing adoption of digitization in mining, adoption of sustainability standards to improve productivity and profitability, and growing use of AI in operational activities are key factors driving global smart mining market. With the ever increasing benefits and emerging technologies, mining industries have connected their services and products with technologies such as IoT, cloud computing, AR and VR, cybersecurity, and others.
Inspection Management Software market is anticipated to grow at a CAGR of 12.7% during the forecast period (2023-2030). The market’s growth is attributed to increasing demand for automation. Industries are utilizing automation to reduce human error, improve precision, and expedite inspections, with Cantilever's robotic inspections and automation modules facilitating this process. For instance, in October 2023, Gecko Robotics Launched Cantilever Asset Management Product. Cantilever includes robotic inspections, data integration, analysis tools, and user modules.
System Integration Services market is anticipated to grow at a CAGR of 8.7% during the forecast period (2023-2030). System integration services combine physical and virtual components of a business's IT environment into a single, cohesive system. Physical components include servers, networks, and hardware, while virtual components include software applications, cloud services, and databases. Businesses are increasingly adopting digital transformation initiatives to improve their operations, enhance customer experiences, and gain a competitive advantage.
Mega data center market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. A mega data center is a single facility that contains more than 15,000 servers and is spread across a large area. The power of these data centers can range from 10 megawatts (MW) up to 100MW.The market is driven by a significant rise in big data and the increasing adoption of cloud-based services owing to its flexibility and cost-effectiveness. The companies are adopting colocation and cloud services to enhance the flexibility and scalability of their business efficiency and effectiveness.
Application programming interface (API) banking market is anticipated to grow at a CAGR of 20.5% during the forecast period (2023-2030). A banking API is the software intermediary that allows a third-party app to connect with financial institutions and obtain the required financial data. Owing to this factors, the BFSI industry players are able to fulfill the growing demands for digital banking.
PMS market is anticipated to grow at a CAGR of 7.2% during the forecast period (2023-2030). PMS has appeared as a specialized application for streamlining property management operations and the increase of real estate investment is driving the market. This computerized system assists property managers and landlords in organizing and overseeing various aspects of their properties and tenant relations. As real estate investments continue to rise, the demand for PMS solutions has witnessed significant growth.
DevSecOps market is anticipated to grow at a CAGR of 11.3% during the forecast period (2023-2030). The growing adoption of an array of specialized solutions to help orchestrate processes across the software development lifecycle (SDLC) is the key factor supporting the growth of the market globally. Various platform enabling to leverage the broad and deep observability, run-time application security, and advanced AIOps capabilities.
Small business manufacturing software market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period (2023-2030). Small business manufacturing software has emerged as a specialized solution tailored to the needs of small and medium-sized enterprises (SMEs) operating in the manufacturing sector. This software is designed to effectively address the unique challenges and requirements of small-scale manufacturing companies. The increasing complexity of manufacturing processes has emerged as a significant driving force behind the growth of the small business manufacturing software market.
Threat Intelligence Security (TIS) market is anticipated to grow at a significant CAGR of 18.6% during the forecast period (2023-2030). Threat intelligence, also known as cyber threat intelligence (CTI), is a critical tool for organizations to understand and mitigate cybersecurity risks. This information is gathered from a diverse range of sources and provides insights into current or potential cyberattacks. The digital age is characterized by an ever-increasing volume and value of data.
Enterprise Resource Planning (ERP) software market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period (2023-2030). The high adoption of ERP software owing to their offered benefits is driving the global market. The ERP software helps businesses manage their core operations. It integrates and centralizes an organization's resources, data, and operations across many departments. The growing demand for operational efficiency and transparency is further driving the market growth.
Flight simulator market is anticipated to grow at a considerable CAGR of 6.3% during the forecast period (2023-2030). A flight simulator is a virtual reality system that mimics the environment of a flying aircraft. It can be used for pilot training, design, and other purposes. The growth aviating industry is anticipated to create the demand for the flight stimulator market.
Data preparation tools market is anticipated to grow at a significant CAGR of 16.2% during the forecast period (2023-2030). The growing demand for quality data to make informed business decisions is a key factor driving the demand for the global market. Data preparation tools are software applications that help users cleanse, transform, and integrate data from various sources into a format that is suitable for analysis and modeling. These tools play a crucial role in the data lifecycle by ensuring that data is accurate, consistent, and ready for use.
Chronic care management software market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. The growing digitalization of healthcare infrastructure has been contributing to the global market growth. The rising implementation of electronic health records (EHRs) and health information exchange systems along with the high demand for telemedicine technologies is further contributing to the market growth.
Metal fabrication software market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. Metal fabrication software helps manufacturers streamline their design, planning, and manufacturing processes. It can also automate and integrate key processes, such as quoting and estimating, inventory management, and production scheduling. The rising automation in metal fabrication industry is a key factor driving the growth of the global market.
Neuromarketing market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. The growing awareness about the potential benefits offered by neuromarketing techniques in achieving sales target is driving the adoption of various neuromarketing solutions at a rapid pace. The Weather Channel, eBay, and Diamler are some of the key multinational organizations that have implemented neuromarketing research techniques to conduct market research, run focus groups, and design marketing campaigns.
Mobile Security market is anticipated to grow at a CAGR of 14.6% during the forecast period (2023-2030). Mobile security is the practice of protecting mobile devices, such as smartphones and tablets, from unauthorized access, use, disclosure, disruption, modification, or destruction. The increasing number of mobile devices is creating a larger market for mobile security solutions in several ways.
Finance cloud market is anticipated to grow at a considerable CAGR of 22.0% during the forecast period. The increase in cloud application deployment to address the rising demand for customer management, growing client needs, and increased digitalization in the financial sector are driving the growth of the global finance cloud market. For instance, the Indian government is aiming to digitize payment systems and broaden financial inclusion, through fintech projects including Aadhaar, Jan Dhan Yojana, and the Unified Payments Interface (UPI).
Open banking market is anticipated to grow at a CAGR of 29.4% during the forecast period (2024-2031). Open Banking is a framework in which banks and other financial institutions securely share customer financial data with authorized third-party providers using application programming interfaces (APIs). This essentially allows customers to control how their financial information is accessed and used by approved third-party applications and services.
Log Management Software market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). Log management is the continuously gathering, storing, processing, synthesizing and analyzing data from disparate programs and applications. The growing adoption of flex logs to retain massive volumes of data is the key factor supporting the growth of the market globally.
Vector Database market is anticipated to grow at a CAGR of 25.6% during the forecast period (2023-2030). A vector database is a type of database that stores data as high-dimensional vectors. Vectors are mathematical representations of objects or data points in a multi-dimensional space. Each vector has a certain number of dimensions, which can range from tens to thousands, depending on the complexity and granularity of the data.
Interior design software market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Improved space efficiency, enhanced safety standards, accurate resource calculation, streamlined workflow, greater collaboration, real-time problem solving, and scalability are the benefits offered by interior design software. The increased adoption of such software owing to its offered benefits is a key factor driving the market growth globally.
Automotive digital mapping market is anticipated to grow at a considerable CAGR of 12.5% during the forecast period. The growing adoption of autonomous vehicles or connected vehicles with intelligent devices and advanced features, like GPS, used mainly for digital mapping or navigation in the automotive industry is driving the growth of the global market.
Parenting app market is anticipated to grow at a CAGR of 14.6% during the forecast period (2023-2030). The market’s growth is attributed to increasing adoption of smartphone. widespread smartphone ownership, particularly in economically developed nations such as the US and the European Union, provides a significant user base for parenting apps. Its widespread availability expands the scope and influence of such applications.
Time and attendance management software market is anticipated to grow at a CAGR of 10.19% during the forecast period (2023-2030). The market’s growth is attributed to remote work flexibility across the globe. Remote work arrangements, that have grown increasingly significant in healthcare owing to telemedicine and remote administrative responsibilities, can be helped by time and attendance software.
Telecom analytics market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period. Telecom analytics is a type of business intelligence (BI) that helps telecom organizations by increasing sales, reducing churn and fraud, improving risk management, and decreasing operational costs. The growing adoption of 5G connectivity is further promoting the market growth.
Digital asset management (DAM) market is anticipated to grow at a considerable CAGR of 20.4% during the forecast period. The growing focus on enhancing digital experience of customers among enterprices is a key factor driving the growth of the global market. In September 2023, SIBOS- Citi Treasury and Trade Solutions (TTS) announces the creation and piloting of Citi Token Services for cash management and trade finance.
Waterway transportation software solution market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing partnerships in the water trade have resulted in new markets, especially in the developing economies of Asia-Pacific and the Middle East & Africa, which is driving the global market growth.
Digital signature market is anticipated to grow at an exponential CAGR of 30.5% during the forecast period. Rising internet penetration, growing e-commerce industry, and increasing need for online documentation and safety requirements are some of the major factors driving the global digital signature market.
3D animation software market is anticipated to grow at a CAGR of 9.7% during the forecast period (2023-2030). The growing adoption of 3D animation for creating special effects in the entertainment industry is the key factor supporting the growth of the market globally. Users can create realistic, fully-rigged digital humans and avatars suitable for real-time animation and gaming.
Gaming software market is anticipated to grow at a CAGR of 13.1% during the forecast period (2023-2030). The market’s growth is attributed to increased internet gaming access. As advancements in technology and faster internet speeds have made online gaming more accessible, the gaming software market has grown, owing to a larger player base and increased demand for gaming experiences.
Computational biology market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period. Computational biology is the use of data analysis, mathematical modeling, and computational simulations to understand biological systems and relationships. It's an interdisciplinary field that uses computational methods to analyze large collections of biological data, such as genetic sequences, cell populations, or protein samples. Chronic diseases, such as cancer, heart disease, and diabetes, are a major global health problem.
Veterinary software market is anticipated to grow at a CAGR of 7.8 % during the forecast period. The Veterinary Software market has witnessed significant growth due to increase in companion animal ownership and concerns over pet health, surge in spending on animal health, and increase in need for streamlining daily tasks in veterinary hospitals. Additionally, growing awareness regarding the benefits of the use of software solutions, and focus on the efficiency and safety of livestock production is also another growth propeller.
Data center transformation market is anticipated to grow at a CAGR of 13.5% during the forecast period (2023-2030). The market’s growth is attributed to growing requirements for hybrid cloud around the globe. Data center transformation activities are required as a result of the emergence of hybrid cloud models in order to promote smooth resource integration between on-premises and cloud-based resources.
Online event ticketing market is anticipated to grow at a CAGR of 4.2% during the forecast period (2023-2030) due to increased proliferation of the internet and the growing use of mobile applications for booking movies, sports, and live event tickets online are expected to impact growth. For instance, according to International Telecommunication Union (ITU), in 2019, around 57.0% of the world population are using the internet.
Virtual cards market is anticipated to grow at a CAGR of 20.0% during the forecast period (2023-2030). virtual card enables secure online transactions and reduces the risk of disclosing the actual credit/debit card details to the vendor. The increasing use of smartphones and internet connectivity is the key factor supporting the growth of the market globally. According to Alertify.EU, in 2021, the number of smartphone users in the world today is 3.8 Billion, which translates to 48.33% of the world’s population owning a smartphone.
Home healthcare software market is anticipated to grow at a significant CAGR of 25.5% during the forecast period. Underdeveloped healthcare infrastructure in merging economies, expensive in-hospital healthcare facilities, and high prevalence of chronic diseases requiring long-term care are key factor driving the growth of the global home healthcare software market.
Public safety analytics market is anticipated to grow at a significant CAGR of 25.5% during the forecast period. Public safety analytics is a robust solution with several offerings for public safety users. The solution is comprised of three parts: Citizen Connect, Law Enforcement Explorer, and Law Enforcement Analytics. This suite of tools gives agencies access to real-time data mapping and charts for internal use, actionable insights for resource allocation and tactic deployments, and mapped data sets for citizens.
Loan servicing market is anticipated to grow at a CAGR of 14.2% during the forecast period (2023-2030). Loan servicing software using loan servicing software to make their loan management tasks easier and better software helps such as automation, streamline, and enhance their loan servicing processes. The Loan servicing software provides a full loans servicing system from start to finish such as handling payments, transaction processing, banking, investor accounting, collection management system, credit reporting, and automated clearing of payments.
Online trading platform market is anticipated to grow at a CAGR of 6.2% during the forecast period (2023-2030). The online trading platform is a program that allows investors and traders to position trades through financial intermediaries and to track accounts. it includes services such as quotes in real-time, charting software, news feeds, and even premium analysis. Online trading may include trading in bonds, stocks (shares), futures, international currencies, and other financial instruments.
Cancer registry software market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. The increasing prevalence of cancer, improving quality of care, and reducing healthcare costs along with recent developments by key players are driving the growth of the global cancer registry software market. According to the World Health Organization, Cancer was a leading cause of mortality worldwide, accounting for nearly 10 million mortalities in 2020, or nearly one in six casualties.
Security automation market is anticipated to grow at a CAGR of 12.8% during the forecast period (2023-2030). Security Automation is an essential aspect of every industry. Security automation can help organizations improve their security posture by reducing the risk of human error, improving efficiency, and accelerating response times to security incidents, by automating tasks such as gathering evidence and taking corrective actions.
Personal health records software market is anticipated to grow at a CAGR of 8.3% during the forecast period (2023-2030). The market’s growth is attributed to growing developments in personalized healthcare across the globe. Personalized medicine has grown in prominence in the healthcare sector. The platform can make it possible to collect and analyze patient data to support individualized treatment procedures. Accordingly, market players are coming up with new products to cater to the demand for cloud-based healthcare platforms.
Fixed asset management software market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. Fixed asset management is the process of tracking and maintaining an organization's physical assets and equipment. The benefits offered by fixed asset management software in tracking and monitoring fixed assets; overseeing equipment and machinery in multiple locations, lower maintenance costs, and improved operational efficiency has driven the growth of the global fixed asset management software market.
Cloud microservices market is anticipated to grow at a considerable CAGR of 20.8% during the forecast period (2023-2030). Microservices offer several benefits over traditional monolithic applications, such as increased agility, scalability, and reliability. This is driving the adoption of microservices by businesses of all sizes. Microservices are small, independent services that can be developed, deployed, and scaled independently. This makes it easier to make changes to microservices applications without impacting the entire application.
Automotive data management market is anticipated to grow at a CAGR of 20.8% during the forecast period (2023-2030). The market growth is attributed to an increase in IoT in the automotive industry driven by demand for connected vehicles across the globe. IoT sensors and devices have been increasingly incorporated into the automotive sector for a variety of uses, such as communication, performance monitoring, and vehicle diagnostics. The data produced as a result of IoT sensors in automobiles can be managed using an automotive data management platform.
NLP in education market is anticipated to grow at a CAGR of 22.8% during the forecast period. The market growth is attributed to factors such as the growing use of e-learning platforms, increasing demand adjacent technologies such as Al, loT, data analytics, and chatbots, government initiatives to provide better learning experiences, improve student outcomes, and make education more accessible to a wider audience.
Remote workforce management software market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period. The growth of the market is attributed to factors such as the shift towards remote work trends, globalization of the workforce, and technological advancements.In addition, remote workforce management software offered features that enhanced employee productivity and efficiency. These included task management, time tracking, automated workflows, and performance analytics.
Transportation and fleet management solutions market is anticipated to grow at a significant CAGR of 16.3% during the forecast period. The existence of stringent government regulations, rising number of vehicles and asset theft and increasing cases of road accidents fueled the demand for transportation and fleet management solutions market. According to the World Health Organization 2022, the lives of approximately 1.3 million people die as a result of a road traffic crashes each year.
Supply chain logistics management software market is anticipated to grow at a considerable CAGR of 9.8% during the forecast period. The growth of the market is attributed to factors such as automation and streamlined processes, cost efficiency, data security and reliability and rising demand for improved operational visibility. Therefore, the market players are also focusing on developing new and advanced cloud-based solutions for catering to the growing demand across the globe.
B2B digital payment market is anticipated to grow at a CAGR of 15.8% during the forecast period. The primary factor boosting the market growth includes the increase in customer preference for real-time payments globally. Innovative payment methods including peer-to-peer platforms, digital wallets, and blockchain-based payments have all been made possible by the expansion of the fintech industry.
Application-to-person (A2P) SMS and API market is anticipated to grow at a significant CAGR of 9.8% during the forecast period. The primary factor boosting the market growth includes the increasing number of fraud, which is becoming a rapidly growing challenge for mobile operators. The key players are focusing on finding solutions and entering into partnership to enterprises, for which security and quality of delivery is a priority.
IT infrastructure management services market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period. In a digital economy, IT infrastructure becomes the backbone of the enterprise. Services need to be 24x7x365 in order to deliver seamless internal and external stakeholder experiences. Addionally, market players are showing interest in partenships and collaborations to transform its IT infrastructure, drives the market growth.
HR management software services market is anticipated to grow at a significant CAGR of 10.3% during the forecast period. The market growth is attributed to factors such as increasing use of AI/ML and data analytics, companies adopting the work-from-home culture, digital transformation in HR processes, global workforce management, changing compliance and regulations, improving software user experience, and increasing focus automation and efficiency. This leads to increasing demand for global HR management software services.
Healthcare Cybersecurity market is anticipated to grow at a CAGR of 16.1% during the forecast period (2023-2030). Cybersecurity in healthcare is very important aspect in today’s world, owing to rise in number of cyber-attacks and increased cases of data breach. The improving healthcare cyber security network is the key factor supporting the growth of the market globally. According to a report by the CyberPeace Institute, in 2022 the healthcare industry witnessed more than 21.1 million data breaches globally against more than 500 health care organizations in around 43 countries.
Aviation programming software market is anticipated to grow at a CAGR of 13.4% during the forecast period (2023–2030). The market’s growth is attributed to the growing demand for data algorithms and integration of artificial intelligence (AI) around the globe. Data analytics and AI capabilities in aviation programming software offer useful insights into maintenance, preservation, and consumer behaviour. Effective decision-making and cost optimization may increase due to such revelations.
Quantum Computing Chip market is anticipated to grow at a CAGR of 45.1% during the forecast period (2023-2030). Quantum Computing Chip is a subfield of computer science based on quantum theory. It is a cutting-edge technology that uses quantum mechanics to solve more difficult problems for classical computers and is rapidly developing. It differs from standard computing in terms of data, speed, and bits. It is primarily used to compare and select the best answer to a complex problem.
Medical kiosk market is anticipated to grow at a significant CAGR of 14.5% during the forecast period (2023-2030). The growing advancement in kiosk technology such as IoT and AI in the healthcare sector is a key driver of the global medical kiosk market. Self- service kiosk plays a crucial role in the hospital by installing health ATM installed in the institution that support in cutting costs by no longer utilizing paper, forms filling, and mountains of paperwork shifting to get patient's information because of self-check-ins.
IC barcode software market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growing trend toward automation has driven the demand for IC barcode software. These software solutions enable automated data capture and identification of integrated circuits, streamlining manufacturing processes and improving efficiency. In June 2023, PageProof introduced an automated barcode scanner to enhance the efficiency and preciseness of reviewing and approving packaging proofs. The automated barcode scanner really is time-saving magic for reviewers.
Portable Ultrasound Device market is anticipated to grow at a CAGR of 5.6% during the forecast period (2023–2030). The growth of the market is attributed to growing advancements in wireless technology across the globe. The incorporation of wireless technology with portable ultrasound devices makes it possible to exchange, save, and access data from a distance. The range of potential applications for such devices has increased as a result. Healthcare practitioners now have a wider opportunity to utilise devices as a result of the integration.
Business automation tools market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to factors such as streamlining processes and workflows, reducing manual intervention and human errors. This leads to increased efficiency, faster task execution, and enhanced overall productivity within organizations. The increasing key player's focus on launching innovative products accelerating the demand for business automation tools in the market.
IaC service market is anticipated to grow at a CAGR of 24.9% during the forecast period (2023-2030). Infrastructure as Code's steady market revenue growth can be attributed to advent of modern cloud architecture. Cloud architecture refers to the way technological components come together to build a cloud, where resources are pooled through virtualization technology and shared across a network.
Warehouse management systems (WMS) market is anticipated to grow at a considerable CAGR of 14.1% during the forecast period. The growth of the market is attributed to factors such as increasing demand for efficient warehouse operations, a rising e-commerce industry, and technological advancements such as the adoption of artificial intelligence (AI) and the Internet of Things (IoT) in warehouse management systems.
Multi-camera vision systems market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to the factors such as continuous advancements in camera technology, image processing algorithms, and AI enhanced capabilities of multi-camera vision inspection systems. These systems handle complex inspections, identify subtle defects, and perform real-time analysis with high accuracy. I
Online doctor consultation market is anticipated to grow at a CAGR of 8.8% during the forecast period (2023-2030). The adoption of online health services, such as online doctor health consultation services (ODHCS), can benefit both industry and policy in the health service sector. The Key factor driving the market is growing owing to more companies are adopting the digitalization approach and connecting technologically.
Mobile ticketing market is anticipated to grow at a CAGR of 5.5% during the forecast period. The market growth is attributed to factors such as the increasing demand for Convenience and accessibility across the globe. Users can access mobile ticketing easily and conveniently. By enabling customers to purchase retain tickets digitally on their mobile devices, it's possible to do deals with the necessity for physical tickets. Customers who seek an efficient and simple ticketing experience are attracted to the convenience.
Online charging system market is anticipated to grow at a CAGR of 5.5% during the forecast period. The market growth is attributed to factors including the increasing demand for digital transformation across the globe. Accordingly, market players are coming up with new products to cater to the demand for digital programs, such as, the installation of online charging system to improve functionality.
IT service management (ITSM) software market is anticipated to grow at a considerable CAGR of 18.4% during the forecast period. The growing awareness regarding organization's security, privacy, and compliance posture, increasing compliance mandates and regulations and growing demand from end-user industries is a key factor driving the growth of the ITSM software market. The increasing adoption of artificial intelligence (AI) is propelling the demand for automation services in business processes.
Algorithmic trading market is anticipated to grow at a CAGR of 8.5% during the forecast period. The presence of cohesive government rules, the rising demand for quick, reliable, and efficient order execution, the increasing demand for market surveillance, and declining transaction costs has been driving the growth of the global algorithmic trading market. Large brokerage firms and institutional investors use algorithmic trading to reduce the expenses of bulk trading. The integration of Artificial Intelligence (AI) in algorithmic trading is creating huge scope for the market growth.
Carbon footprint management market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. The growth of the market is attributed to factors such as increasing environmental concerns, government regulations for carbon emissions reduction, and corporate sustainability initiatives. Further, the expansion and growth of companies working in the carbon foot print management market to new regions are anticipated to propel the growth of the market.
The global programmatic advertising market is anticipated to grow at a CAGR of 30.1% during the forecast period (2023-2030). Programmatic advertising is an automated software used for automatic buying and selling of the digital advertising space. The growing adoption of smartphones coupled with the improving communication network is the key factor supporting the growth of the market globally.
Business continuity software market is anticipated to grow at attrective CAGR of 9.0% during the forecast period. The market growth is attributed to the increased focus on business continuity planning and risk management by organizations. Further, the growing frequency of natural disasters and technological advancements in the field of data recovery and backup solutions are some other factors fueling the demand for business continuity software market.
Problem management software market is anticipated to grow at a CAGR of 14.5% during the forecast period. The market growth is majorly driven by the huge and the rising demand for problem management software to reduce the percentage of error occurrences in the businesses. Reduction in error occurrence leads to organization’s efficiency and openness. This software also assists in attaching problems to the present while altering them and prepare for future service disruptions. Additionally, it is projected that the growing usage of cloud-based services will drive the global problem management software market during the forecast period.
Multichannel order management market is anticipated to grow at a considerable CAGR of 9.5% during the forecast period. The growing digitalization along with increasing penetration of smartphones across the globe, increasing internet users, and the adoption of multiple sales channels by various organizations are key contributors to the growth of the global multichannel order management market.
Sourcing software market is anticipated to grow at a CAGR of 8.2% during the forecast period. Organizations benefit from sourcing software, as it is capable of engaging suppliers in competitive bidding events easily while reducing sourcing expenses and diversifying their supply chains. It also shortens the time it takes to complete the purchase of products and services by several weeks. The sourcing software simplifies the sourcing procedures by strategically acquiring goods and services and leveraging faster online bidding with their chosen suppliers. Automation allows sourcing firms to eliminate manual tasks and, as a result, save money.
Social casino market is anticipated to grow at a CAGR of 8.2% during the forecast period. Social casino refers to an online gaming application or website that allows players to interact on a common platform without any hindrance to playing popular gambling for free. It can be played by downloading the gaming application on a computer or mobile phone. These games do not always require monetary payment to play, instead, the players seek virtual payments. According to the Australian Communications and Media Authority (ACMA), social casinos are among the most popular genres of mobile games, with an estimated players around 85.0 million daily globally, and 1.39 billion downloads in 2020.
Enterprise storage market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The growth of the market is attributed to factors such as increasing data generation, rising demand for data storage and management solutions, and the adoption of cloud-based storage systems. Further, the need for efficient and scalable storage solutions to support various industry verticals is anticipated to fuel the demand for Enterprise Storage.
Online video platforms market is anticipated to grow at a CAGR of 12.5% during the forecast period. The rising popularity of online videos, with viewership steadily surpassing traditional video content platforms such as cable and satellite television is driving the global market. The growing startup funding is promoting the growth of the global market. For instance, In February 2022, Veed, London-based startup built on an online-only, web-based platform for all those video creators to edit and publish their work, has received $35 million in funding to double down on strong demand.
Fleet management solution market is anticipated to grow at a CAGR of 14.5% during the forecast period. The government initiatives and regulations in various end-user industries to use fleet management solution are contributing to the global market growth. For instance, the Federal Highway Association (FHWA), the American Association of State Highway and Transportation Officials (AASHTO), and state and local departments of transportation (DOTs), have been encouraging the application of asset management in the transportation and logistics industry to increase operational efficiencies and resolve compliance requirements.
Language services market is anticipated to grow at a CAGR of 6.6% during the forecast period. An increase in the outsourcing of translation and interpreting services is expected to propel the growth of the language services market over the forecast period. The outsourcing of translation and interpretation services refers to procuring language services from outside sources to a professional translation agency. Outsourcing of translation and interpretation services aids in the growth of language services as it offers substantial infrastructure, to support the technologies that make professional translation feasible.
Library automation management software market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The growth of the market is attributed to factors such as the increasing need for streamlining library operations and enhancing user experience. Further, the growing adoption of cloud-based library automation software and the increasing demand for digital content management are some of the factors anticipated to fuel the demand for library automation management software.
Content marketing software market is anticipated to grow at a CAGR of 20.2% during the forecast period. According to a survey report by Adobe, 88% of marketing and CX leaders said content demand has at least doubled over the last two years (2020-22), and nearly two-thirds expect demand to grow by five times over the next two years (2023-25). The growth of the market is attributed to factors such as increasing digital content consumption and the need for effective content management and marketing strategies.
Ridesharing insurance market is anticipated to grow at a CAGR of 11.1% during the forecast period. Rideshare insurance is a sort of additional coverage that protects the car, the occupants, and any other individuals or property involved in an accident. This ride-hailing insurance endorsement can fill up the gaps between a person's motor insurance policy and the business policy of a ridesharing firm (also known as a transportation network company, or TNC).
IoT chip market is anticipated to grow at a considerable CAGR of 12.0% during the forecast period. The growth of the market is attributed to factors such as the increasing adoption of IoT devices across various industries, advancements in connectivity technologies, and the growing demand for smart and connected devices. The growth of the market is also driven by the growing launches of new and advanced products by the market players to cater to the rising demand from the market.
Esports market is anticipated to grow at a CAGR of 18.6% during the forecast period. Pivotal factors driving the growth of the market include the increasing live streaming of games, rising audience reach, engagement activities, and infrastructure for league tournaments. The profitable opportunities created by increasing professionalization in the industry for influencers, gamers, event organizers, and game developers benefit the market. Millennials consider esports a professional career option, owing to the increasing popularity of gaming tournaments, one-to-one sponsorships, streaming revenues, and impressive international prize pools.
Oil and gas data management market is anticipated to grow at a CAGR of 17.0% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for efficient data management solutions in the oil and gas industry, the need for improved decision-making processes, and the growing adoption of digital technologies. Owing to the rising demand the key market players are inclined towards developing and launching new software or solutions.
Music production software market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2023–2030). The market's growth is attributed to factors such as music technology and education. The Music Technology and Education group is involved with the educational, social, and entrepreneurial elements of audio engineering, music technology, popular music, and the creative industries.
RPO market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period. According to recent research commissioned by the Recruitment Process Outsourcing Association (RPOA), employers look to their RPO providers as trusted advisors to winning top talent in a competitive talent marketplace. In many cases, this includes bringing along a tech stack and supporting services to integrate with their customer relationship management (CRM) systems.
Self-organizing network (SON) market is anticipated to grow at a CAGR of 11.0% during the forecast period (2023-2030). The industry growth is driven by the increasing network complexity and the growing need for improved quality of service, and time efficiency. In addition, the growing deployment of private networks and increasing demand for self-organizing networks for bandwidth and performance is anticipated to propel the growth of the self-organizing network market.
Competitive intelligence tool market is anticipated to grow at a CAGR of 10.3% during the forecast period. The growth of the market is attributed to factors increasing competition, cloud deployment, and data proliferation. Further, the growing integration of advanced technology such as AI and machine learning to competitive intelligence tools coupled with growing funding to new startups is anticipated to drive market growth.
App analytics market is anticipated to grow at a CAGR of 20.1% during the forecast period. The growth of the market is attributed to factors such as increasing demand for user insights, improving app performance, and optimizing revenue generation strategies. Also, the rapid advancement of new and innovative solutions by market players is anticipated to positively contribute to the growth of the market. For instance, in April 2022, Mobile marketing analytics platform Adjust launched Adjust Datascape, a new advanced analytics solution designed to deliver business-critical KPIs and performance metrics faster and easier.
Video-on-demand (VOD) market is anticipated to grow at a considerable CAGR of 17.5% during the forecast period (2023–2030). The market's growth is attributed to factors such as increasing demand for streaming services. The COVID-19 raised demand for video streaming services as individuals spent more time at home and looked for entertainment options. Streaming services such as Netflix, Amazon Prime, and Disney+ resulted in significant increases in consumers throughout COVID-19.
Script writing software market is anticipated to grow at a considerable CAGR of 13.1% during the forecast period. The increasing demand for an effective and improved word processor solution across the globe represents one of the significant factors bolstering market growth. Scriptwriting software provides extensive options for screenplay formatting, managing, rewriting and revision. As a result, its utilization is rising among professionals who write for television, motion pictures, video games, radio, theaters, and other media platforms.
Data center robotics market is anticipated to grow at a considerable CAGR of 20.4% during the forecast period. The growth of the market is attributed to factors such as increased efficiency, reduced operational costs, and improved security provided by data center robotics. The growing digital adoption and technologies such as IOT, 5G, big data, cloud computing, artificial intelligence (AI), and robotics has further led to large-scale data consumption, processing, and storage.
Smart agriculture market is anticipated to grow at a CAGR of 11.5% during the forecast period (2023-2030). The growing demand for food has driven the demand for smart agriculture methods to improve yield; which in turn driving the global smart agriculture market. For instance, according to the Food and Agricultural Organization (FAO) of the United Nations (UN), the global population will significantly rise from 6.8 billion in 2009 to 9.5 billion in 2050. Approximately all of such growth is anticipated to occur in developing countries. This would result in the demand for significant food production.
Document outsourcing services market is anticipated to grow at a CAGR of 6.3% during the forecast period. The need for cost reduction, enhanced efficiency, and regulatory compliance is a major factor driving the global document outsourcing services market. Various organizations around the world are opting to outsource their document management services to eliminate the time, costs, and inconvenience associated with in-house document management services.
Distribution automation market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The growth of the market is attributed to factors such as the increasing adoption of advanced technologies and the requirement for efficient power distribution systems. The deployment of smart grids while emphasizing on grid reliability and operational efficiency are some other factors fueling the demand for distribution automation.
Compliance management software market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period. Compliance management software refers to a type of software that helps organizations to manage their compliance obligations. Compliance management software can automate and streamline compliance processes, provide real-time monitoring of compliance risks, and help organizations to identify and address compliance issues before they become serious problems.
Hyperlocal service market is anticipated to grow at a considerable CAGR of 19.6% during the forecast period (2023-2030). The growth of the market is attributed to factors such as the rapid expansion of smartphones. More and more individuals can now access hyperlocal services owing to the widespread use of smartphones, Due to their simple internet connectivity, they are in high demand.
CMS market is anticipated to grow at a considerable CAGR of 17.6% during the forecast period (2023-2030). The market growth is attributed to factors such as increasing demand of online casinos and gambling. It is anticipated that, in the coming year’s consumers interest towards online casinos and gambling will continue to expand. The consumers are engaged themselves in online gambling due to its easy availability for the purpose of enjoying games in their preferred environment and Individuals can log in at any time they want.
Visual analytics market is anticipated to grow at a CAGR of 20.4% during the forecast period (2023-2030). Visual analytics analyzes data using visual representations such as graphs, charts, and maps to identify patterns and develop actionable insights. The key factor for market growth is the increasing volume and complexity of data, advancements in technology, and growing demand for real-time data analysis. As a result, market players are focusing on developing new software, which in turn will further propel market growth.
Disability insurance market is anticipated to grow at a CAGR of 11.4% during the forecast period. The primary factor boosting the market growth includes the increasing number of insurance claims across the globe. According to social security administration annual statistical report on the social security disability, in December 2021, about 11.5 million people aged 18–64 received benefits on the basis of disability. Sixty-two percent (7.2 million) received benefits from the Social Security program only, 29 percent (3.3 million) received benefits from the Supplemental Security Income (SSI) program only, and 9 percent (1.1 million) received benefits from both programs concurrently.
Usage based insurance market is anticipated to grow at a CAGR of 26.5% during the forecast period. The primary factor boosting the market growth includes the increasing number of insurance claims across the globe. UBI is a type of insurance that allows insurers to more accurately assess risk and set premiums based on how a policyholder uses their vehicle or other insured property. UBI typically involves the use of telematics devices, such as sensors or GPS systems that collect data on driving behavior, including things like speed, distance traveled, and frequency of hard braking.
Insurance brokerage market is anticipated to grow at a considerable CAGR of 6.6% during the forecast period. An insurance broker is a person who is authorized to sell insurance and frequently collaborates with numerous insurance providers to provide customers with a range of products. Insurance is becoming more popular among people and businesses globally. This is because people are starting to understand the importance of having insurance.
Human capital management (HCM) market is anticipated to grow at a considerable CAGR of6.8% during the forecast period. HCM refers to the strategic management of an organization's workforce, including recruitment, training, development, compensation, and performance management. The demand for HCM is being driven by several factors, including the changing nature of work and the workforce and the increasing use of technology in HR processes.
Fine arts logistics market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. Transportation, packing, storage, and import authorization of fine arts porcelains such as arts, paintings, antiques, and sculptures are all part of fine arts logistics. The artworks are stored in specialized humidity and temperature-controlled facilities outfitted with secure web-enabled cameras and closed-circuit televisions.
Employee engagement software market is anticipated to grow at a considerable CAGR of 18.5% during the forecast period. The rising need for businesses to manage activities and workflow in order to accelerate development, as well as the rapid breakthroughs in machine learning (ML) and artificial intelligence (AI), are the primary reasons driving the market. Implementing technology-based solutions can assist firms in overcoming issues related to operational efficiency and transparency, resulting in higher revenue returns.
School assessment tools market is anticipated to grow at a CAGR of 14.0% during the forecast period. The market is growing because schools are looking for effective, efficient, and innovative ways to measure and support student learning outcomes. The demand for assessment tools that can help schools meet state and federal standards, personalize learning, and identify students with learning disabilities is driving growth in the market.
Sales enablement software market is anticipated to grow at a CAGR of 18.5% during the forecast period. The market's expansion is attributed to an increase in business investments in technologies such as machine learning and AI, as well as the adoption of sales enablement platforms across multiple industries to improve their efficiencies in content management, training, sales communication, and training.
PDF editor software market is anticipated to grow at a CAGR of 8.2% during the forecast period. The transition to paperless workflows, the need for electronic documents, and the necessity for software that can handle document security and compliance are all driving development in the PDF editor market. Several governmental and commercial entities use this software to process and modify documents.
Configure price and quote (CPQ) software market is anticipated to grow at a CAGR of 13.6% during the forecast period. CPQ software is a tool used by businesses to streamline and automate the sales quoting and proposal processes. The software helps sales teams quickly and accurately configure products or services, price them based on the customer's requirements, and generate a quote or proposal for the customer.
Complete vacation rental software market is anticipated to grow at a considerable CAGR of 11.0% during the forecast period. The hospitality industry is undergoing a digital transformation, and the adoption of vacation rental software is increasing due to its ability to streamline operations and improve the overall guest experience. Another factor that is driving the market’s growth is the increasing number of tourists across the globe.
Cloud native applications market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period. Cloud native application development is gaining popularity due to its faster, more flexible, and cost-effective approach that aligns with changing market demands. The development process is agile, and microservices enable easy scaling up or down as per demand. Cloud apps can operate independently of cloud infrastructure and allocate resources based on their needs.
IP PBX market is anticipated to grow at a considerable CAGR of 13.5% during the forecast period. The IP PBX (Internet Protocol Private Branch Exchange) market refers to the market for phone systems that use internet protocol to transmit voice and multimedia communications. This market has seen significant growth in recent years due to the increasing adoption of cloud-based solutions and the shift toward remote work.
Cloud-based ITSM market size was valued at $5.24 billion in 2022, and is projected to reach $14.98 billion by 2030, registering a CAGR of 16.2% during the forecast period (2023-2030). Current and future cloud IT service management market trends are outlined to determine the overall attractiveness of the market. The top impacting factors highlight the cloud ITSM market opportunity during the forecast period.
Music publishing market was valued at $5.7 billion in 2022, and is projected to reach $9.0 billion by 2030, registering a CAGR of 6.7% during the forecast period (2023-2030). The growing music industry across the globe is one of the key drivers supporting the growth of the music publishing market. The growing interest in music and passion for music among people, especially the younger generation has increased the number of concerts and live performances held globally, which is directly bolstering the market growth.
Mobile threat defense solutions market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. According to an article published in CyberTalk.org on June 2022, more than 5.3 billion people use mobile phones globally, and over 90% of those individuals rely on smart or internet-enabled phones. Roughly 40 apps exist on each phone. As the number of mobile devices and apps increase, the probability of experiencing a cyber attack also has heightened.
GPS tracking device market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The key factors that drive the growth of the GPS tracking device market include an increase in demand for IoT-enabled tracking devices and a surge in demand for fleet management solutions from various industries such as transportation and logistics, construction, and government.
GDPR assessment tools market is anticipated to grow at a considerable CAGR of 21.5% during the forecast period. The general data protection regulation (GDPR) is a comprehensive data protection framework that regulates how organizations process, store, and use the personal data of EU citizens. It has significantly changed the way companies handle data, leading to the emergence of the GDPR assessment tools market.
Alternative tourism market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. The growth of the market is attributed to factors such as a surge in new and innovative tour packages that cater to the evolving demands and interests of travelers. As per the travel agency EaseMyTrip, in 2020, there has been a 60% increase in demand for holy destinations or spiritual or wellness tour packages. And, women aged between 30-35 are leading the search.
Email marketing software market is anticipated to grow at a CAGR of 10.9% during the forecast period. Pivotal factors driving the growth of the email marketing software market include the increasing adoption of digital marketing by businesses and the increasing use of mobile devices. As more companies shift their marketing efforts online, they are realizing the importance of email marketing as an effective and cost-efficient way to reach out to their customers.
Insurtech market is anticipated to grow at a CAGR of 38.8% during the forecast period. The primary factor boosting the market growth includes the increasing number of insurance claims across the globe. According to a 2021 study by the Insurance Barometer, 36% of American respondents purchased life insurance. Owing to which, insurance companies are shifting towards the integration of digital technologies such as blockchain and others.
Boutique hotel market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period. The growth is attributed to the increase in the number of solo travelers across the globe. Solo travelers prefer boutique hotels since they are smaller, more private accommodations with all the amenities that a solo traveler requires. According to Overseas Adventure Travel’s data in 2020, about 47% of the company’s traveler clients were solo travelers.
Travel and expense management software market is anticipated to grow at a considerable CAGR of 12.1% during the forecast period. Travel and expense management software is a comprehensive system that can assist in managing and monitoring business travel expenses. Travel and expense management software is essential for companies sending staff on business trips, whether for planning trips, overseeing personnel on the road, or generating expenditure reports.
Cemetery software market is anticipated to grow at a CAGR of 4.6% during the forecast period. Cemetery software is software that allows the management of a cemetery’s graves, graveyard owners, burial, and genealogical records. Maintaining accurate records is essential as cemeteries contain centuries of historical information. The data must be secure and organized.
Commercial/corporate card market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The major factor bolstering the market growth includes the increasing number of connected and digitally active consumers. The rising adoption of smartphones and the significant rise in the number of internet users are some of the key factors that are accelerating market growth.
Identity theft insurance market is anticipated to grow at a considerable CAGR of 13.6% during the forecast period. The government and public organizations are highly dependent on computer networks, and electronic data to conduct their daily operations, a mass amount of financial and personal information is being transferred and stored online, which may get corrupted or stolen by thefts.
Cloud billing market is anticipated to grow at a considerable CAGR of 17.2% during the forecast period. The market growth is attributed to several factors which include the growing advancements along with the increased use of cloud-based technologies, and the rising demand for real-time billing.
Transformer monitoring & diagnostic system (TMDS) market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Power transformers are one of the expensive and vital components in the power system. A sudden failure could be a very costly process for both the transformer owner and society. Transformer monitoring requires the integration of sensors, data management, and analysis to turn sensor data into useful knowledge, and then an overlay of software applications to turn knowledge into actionable information.
Cloud mobile backend as a service market is anticipated to grow at a CAGR of 23.7% during the forecast period. Cloud mobile backend as a service (BaaS) is an online service designed to be an all-in-one solution for backend app development. It includes data and database management, API management, security, push notifications, and more.
Voice biometrics market is anticipated to grow at a considerable CAGR of 21.4% during the forecast period. The market is expected to witness strong growth owing to the healthcare industry and improvements in terms of accuracy and voice modality. Additionally, several technological advancements in biometric devices such as medical biometrics to further bolster the market growth.
Integration & orchestration middleware market is anticipated to grow at a CAGR of 6.7% during the forecast period. Integration middleware offers services to connect customers and purchased apps through messaging, integration, and APIs to form functioning systems. It can also deliver in-memory database and data cache services, data/event streaming, and API management.
Consumer cloud storage services market is anticipated to grow at a considerable CAGR of 18.8% during the forecast period. The growth of the market is mainly attributed owing to the increasing number of smartphones, and rising penetration of the internet across the globe. According to the Cisco Annual Internet Report (2018–2023), nearly two-thirds of the global population will have internet access by 2023.
Advanced distribution management system market is anticipated to grow at a significant CAGR of 20.4% during the forecast period. The major factor driving the advanced distribution management system market includes the increasing network complexity to execute network operations efficiently. Resultantly, various companies are inclined to adopt integrated single-platform advanced distribution management systems.
Sales performance management market is anticipated to grow at a significant CAGR of 19.2% during the forecast period. The growth of the market is attributed to the factors such as the growing demand of optimizing revenue, predicting sales, and improving decision making. . Furthermorethe growing investment in companies offering sales performance management and launching of new platform and solutions by players for improving sales performance is anticipated to fuel the demand for performance management solutions.
Urban planning software and services market is anticipated to grow at a CAGR of 4.2% during the forecast period. The growing efforts to improve the multi-modal network performance of road infrastructure and the use of urban planning software and services by government bodies are major factor drives the market growth.
Feed management software market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. Keeping track of feed inventory on-farm is a manual task that usually involves a different set of management challenges. Feed inventory allows farmers to accurately monitor and balance quantities of feed given to the animals against quantities of feed held on-farm. it enables automatic alerts to notify when stock levels reach a certain point, and in some cases, automatic re-ordering can be set up.
Business analytics market is anticipated to grow at a CAGR of 10.1% during the forecast period. The growing establishment of start-ups coupled with government initiatives across the globe is the major factor driving the growth of the market. For instance, back in 2016, the government of India launched the ‘Startup India Initiative’, to build a stronger ecosystem for nurturing the startup culture.
Virtual customer premises equipment (vCPE) market is anticipated to grow at a significant CAGR of 40.9% during the forecast period. Virtual customer premises equipment is a means of delivering enhanced networking infrastructure, which can be accessed anywhere. It includes equipment such as routing, firewall security, and virtual private network connectivity through the use of software rather than dedicated hardware devices.
Patent analytics market is anticipated to grow at a significant CAGR of 13.4% during the forecast period. According to World Intellectual Property Organization (WIPO), a record 277,500 international patents were filed in 2021, marking a 0.9-percent increase from 2020. Patent searching and analysis can provide actionable insights for businesses, allowing them to make strategic decisions from idea conception to monetization.
Buy now pay later (BNPL) market is anticipated to grow at a significant CAGR of 32.7% during the forecast period. It is a type of short-term financing that allows consumers to make purchases and pay for them at a future date without paying the complete amount at the time of purchasing, which is often interest-free. The increasing adoption of BNPL service by retailers is increasing the market as it provides affordable and convenient payment service which influences the people to purchase more and hence increases sales.
Neobanking market is anticipated to grow at a significant CAGR of 49.4% during the forecast period. The growing adoption of smartphones and the internet across the globe for online banking is anticipated to grow the neobanking market. According to World Bank data, of 2020 around 60% of world population is using internet and on an average around 106 people per 100 people have mobile cellular subscription which shows the increasing mobile use across the globe. Neobanks offer banking solutions without the need for physical branches or offices.
Personal finance software market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. Personal finance software offers functionalities such as tracking finances in real-time organizing the budget, managing bank records, accounting finances and assisting in making financial decisions to meet long-term financial goals. In addition to this, personal finance software assists in monitoring the bank accounts, credit cards, loans, investment balances, and late payments by providing scheduled reminders for bills and deposits.
Mindfulness Meditation Apps market is anticipated to grow at a significant CAGR of 10.4% during the forecast period. Mindfulness meditation applications provide the tools that put meditation concepts into practice. Such applications include breathing exercises, yoga, and guided lessons to help the user become aware of his bodily sensations, thoughts, and feelings. The growing adoption of meditation as a practice to eliminate the effects of unhealthy lifestyles in youths has encouraged the promotion of the usage of meditation apps.
3D CAD software market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. The rising use of 3D CAD software in designing and crafting products is driving the growth of the 3D CAD Software Market. This software offers several advantages in managing complex designs including increased accuracy, automating common processes, and making quick changes to the designs. It also allows users to access libraries of routinely used items such as doors, windows, and manufacturing parts.
Process mining software market is anticipated to grow at a CAGR of 40.9% during the forecast period. The factor that drives the global process mining software market during the forecast period is the rising investment of companies in advanced technology integration to improve the efficiency and capabilities of the software. For instance, in October 2019, UiPath took over ProcessGold, a leading process mining vendor based in the Netherlands. The acquisition assisted UiPath to become the first vendor to deliver a solution that brings together both process mining and RPA capabilities.
Edge data center market is anticipated to grow at a significant CAGR of 21.7% during the forecast period. The global data center market is expected to grow during the forecast period due to the growing usage of internet services followed by the rise in the number of connected devices has transferred the trend toward bandwidth-intensive applications. The increasing adoption of digital services is changing the way data center are being utilized.
Document management systems market is anticipated to grow at a significant CAGR of 16.9% during the forecast period. The factor that drives the global document management market is the growing adoption of cloud-based document management services among organizations. The rising adoption of these services allows organizations to streamline the workflow, enhance efficiency and precisely handle the documentation requirements, thereby enhancing individual productivity which boosts the global document management system market during the forecast period.
Retail e-commerce software market is anticipated to grow at a CAGR of 9.2% during the forecast period. Expansion of the e-commerce industry, technological advances in e-commerce logistics, and the rising number of new players in the e-commerce industry are some major factors contributing to the growth of the market. The e-commerce industry has been experiencing potential growth across the globe owing to rapid urbanization and internet penetration, which is positively influencing the global retail e-commerce software market.
Pet insurance market is anticipated to grow at a CAGR of 8.2% during the forecast period. The rising prevalence of zoonotic diseases that are specially spread from poultry, domestic animals, and livestock is influencing pet owners to buy insurance policies for their pets which is contributing to the market growth. Moreover, rising pet expenditure is another factor that is positively influencing the growth. For instance, The Pets in Australia: A national survey of pets and people report published in 2019 had estimated that people of Australia spend around $9 billion per year to keep their pets fed, healthy, and well-accessorized, with food and veterinary services continuing to account for half of all ongoing expenditures. Out of this, around $1.8 billion were spent on veterinary services in the country.
Business process management software market is anticipated to grow at a CAGR of 10.1% during the forecast period. Due to the changing business environment, companies are prone to organizational errors that may affect their efficiency. By deploying business process management software management can monitor resource utilization, which is a typical workflow for different processes and their execution. Companies can also spot inefficiencies early on to reduce costs or improve resource allocation. Business process management software provides companies with the tools to supervise all corporate processes to ensure the optimization of their operations.
The global military power solutions market is anticipated to grow at a considerable CAGR of 7.7% during the forecast period. One of the key factors that are fueling market growth includes the growing defense budgets of most countries. Nations across the globe have been raising their national defense budget as tensions rise on borders between multiple countries such as China, India, the US, Russia, and others. For instance, in February 2022, Russia invaded Ukraine which caused more than 7.7 million Ukrainians escaping the nation, and a third of the population of the country displaced.
The global credit insurance market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. Credit insurance or trade credit insurance facilitates cross-border commerce and investment by defending export markets and banks against the possibility of a payment default. Today, the majority of all global trade relies on some form of credit insurance or guarantee issued by a bank, insurer, or other financial institution which clearly shows the depth of the market. Credit insurance acts as a catalyst that provides financing to the real economy across the globe.
The global drone software market is anticipated to grow at a significant CAGR of 16.9% during the forecast period. Drones or unmanned armed vehicles (UAVs) are highly demanded owing to their various benefits including high-quality videos, pictures, emergency response, and others across the end-users. Such benefits have exponentially raised the demand for drones and their software or solutions, which allow drones to execute missions, and capture images & videos for different applications.
The global document-centric collaboration software market is anticipated to grow at a CAGR of 6.9% during the forecast period (2022-2028). The increasing focus of business organizations on increasing their productivity and efficiency has boosted the demand for such software leading to the market growth. The document-centric collaboration software offers functionality that supports team collaboration and boosts the results of their collateral. Its benefits can be seen in wide areas which include version control and real-time collaboration, document storage, and sharing, and document review which further helps in collecting accurate, in-context feedback from every stakeholder (internal and external).
The global neurology software market is anticipated to grow at a CAGR of 7.3% during the forecast period. The increasing number of patients with neurological disorders such as Parkinson's disease (PD), motor neuron disease, and epilepsy has heightened awareness of brain-related diseases, which is driving the industry's growth. The neurology electronic health record (EHR) and practice management software solutions enable physicians and healthcare staff to improve clinical processes, facilitate outpatient shifts, and make practice more efficient, without sacrificing care outcomes and patient satisfaction.
The global remote desktop software market is anticipated to grow at a substantial CAGR of 18.3% during the forecast period. The major factor accelerating the global remote desktop software market during the forecast period is the growing remote learning adoption by various software providers that have introduced advanced remote desktop solutions to support distance learning. For instance, in August 2020, Splashtop Inc. launched a 'remote labs product' to simplify remote access for computer laboratories at schools and universities. T
The global automotive software market is anticipated to grow at a considerable CAGR of 16.7% during the forecast period. The rising demand for vehicle personalization is one of the primary factors driving the growth of the market. Moreover, rising concern for vehicles’ safety from thefts and increasing demand for in-vehicle infotainment, such as gaming, video streaming, and others are also significantly generating new opportunities for development in the automotive software market.
The global identity verification market is anticipated to grow at a significant CAGR of 17% during the forecast period. The increase in fraudulent activities across the globe, due to the extensive use of the internet, which in turn is creating demand for the identity verification market over the forecast period. For instance, the Identity Theft Research Center (ITRC), reports a record number of data compromises in the US in 2021, amounting to a 68% increase over 2020. Furthermore, according to Accenture reports, the insurance industry was the most frequent target of ransomware attacks in the first half of 2021, accounting for almost 25% of all ransomware attacks on Accenture’s clients.
The global customer self-service software market is anticipated to grow at a significant CAGR of 21.8% during the forecast period. Chatbots have become the focal point of business communications as messaging, and social media networks have grown in popularity. An increasing number of companies are adopting digital transformation to modernize consumer communication and enhance internal processes. The companies are using chatbots to enhance customer satisfaction and provide 24*7 customer services that interact with customers and address their questions.
Digital identity solution market is anticipated to grow at a CAGR of 19.3% during the forecast period (2024-2031). The growth of the digital identity solution market is driven by various factors, including technological advancements, regulatory requirements, cybersecurity concerns, and the increasing adoption of digital services globally. Biometric technologies, blockchain, AI, and machine learning algorithms have contributed to improved accuracy and security in digital identity solutions. Additionally, the demand for secure and efficient digital identity solutions remains an essential focus among organizations owing to the shift towards digital services, consumer demand for convenience and security, global trends in digital payments and e-commerce, as well as the proliferation of mobile devices and cloud computing.
The global smart payment system market is anticipated to grow at a significant CAGR of 16% during the forecast period. The increasing number of mobile phone users with high-speed internet connectivity is propelling the growth of the market. According to Pew Research Center, the share of consumers in the US that owns a smartphone was 85% in 2021, up from just 35% in the first survey on smartphone ownership conducted in 2011. Smartphone users are more likely to be under the age of 50, college graduates, earn $75,000 per year or more, and live in urban areas. Both men and women own smartphones in equal numbers.
Event management software market is anticipated to grow at a CAGR of 14.1% during the forecast period (2024-2031). The integration of AI, machine learning, and big data analytics in event management software is revolutionizing planning, marketing, and engagement. Cloud-based solutions are becoming increasingly popular due to their scalability, flexibility, and cost-effectiveness. The increasing number of corporate events and the need for efficient event planning are driving the adoption of event management software. The COVID-19 pandemic has accelerated the adoption of hybrid and virtual events, with software platforms offering robust virtual capabilities. Security and compliance are also a priority, with providers ensuring data protection.
Content disarm and reconstruction (CDR) market is anticipated to grow at a CAGR of 15.7% during the forecast period (2024-2031). The CDR market is growing owing to increasing cyber threats, the need for regulatory compliance, and digital transformation. Remote work policies, technological advancements, higher cybersecurity budgets, and increased awareness are other factors driving the global market growth.
The global applicant tracking system market is anticipated to grow at a significant CAGR of around 6.9% during the forecast period. The global applicant tracking system market is expected to grow during the forecast period due to the adoption of the data analytics strategy by recruitment companies. For instance, In June 2020, Workday, Inc. announced the availability of Workday People Analytics. This newly evolved augmented analytics application identifies important risks and opportunities regarding a company’s potential candidate base and delivers these insights in a story form. These insights empower business leaders and HRs to make better people decisions rapidly to shape business outcomes.
System integrator market is anticipated to grow at a significant CAGR of 5.8% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as is increasing demand for automation across industries such as manufacturing, oil and gas, automotive, and healthcare as businesses are seeking integrated systems to enhance operational efficiency, reduce human error, and improve productivity. Technological advancements, particularly in IoT, AI, and cloud computing, are also important drivers. This growth is further accelerated by advancements in Industry 4.0 technologies, led by a few countries and firms.
The global multi-factor authentication market is anticipated to grow at a significant CAGR of 17.2% during the forecast period. The major factor that drives the global multi-factor authentication market is the growing instances of cyberattacks, such as identity-related attacks, which have increased the instances of fraud across almost all the verticals around the globe, especially the BFSI and healthcare verticals.
The global core banking software market is anticipated to grow at a significant CAGR of 8.5% during the forecast period. The primary factor driving the core banking software market is the growing consumer demand for banking through online channels. As online banking helps to make transactions easy, check account balances, and make transfers with the help of smartphones.
The global tax management market is anticipated to grow at a significant CAGR of 11.8% during the forecast period. The global tax management market is expected to grow during the forecast period is due to an increase in a digital financial transaction. Technological advancement in the finance sector and digital transformation has conducted vital improvements in connectivity of systems, in computing power and cost, and in newly generated and usable data. These improvements have shrunk the transaction costs and introduced new business models and new entrants in the tax management market.
The global AIOps market is anticipated to grow at a significant CAGR of around 29% during the forecast period. The major factor that drives the AIOps market is the growing demand for AI-based services in its operations. However, lack of skilled professionals and rapid changes in IT operations could be major restraining factors for the growth of the AIOps platform market.
The global cloud security market is anticipated to grow at a significant CAGR of around 13.9% during the forecast period. An increasing number of cyber-attacks due to an upsurge in digitalization are one of the major factors that drive the cloud security market. Cyber-attacks have increased quickly, thereby, resulting in a strong need for cloud security services. According to Cisco data, it is estimated that distributed denial-of-service (DDoS) attacks will grow to 15.4 million by 2023, more than double the 7.9 million in 2018.
The global complaint management software market is anticipated to grow at a significant CAGR of 11.0% during the forecast period. Complaint management software facilitates streamlining and automating complaints and inquiries, reducing the turnaround time to resolve customer complaints, granting visibility to appropriate authorities for tracking the status of generated tickets.
The global network monitoring market is anticipated to grow at a significant CAGR of around 10.2% during the forecast period. The market is expected to grow during the forecast period due to rising demand for network complexities and security concerns.
The global digital marketing software market is anticipated to grow at a significant CAGR of 16.5% during the forecast period. Big data allows banks to target individual consumers rather than segments as a whole, creating greater personalization and better user experience.
The global commercial P2P CDN market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The market growth is majorly attributed to the growing millennials that are primarily driving the traffic over the internet across the globe.
The global mobile substation market is expected to grow at a significant CAGR during the forecast period (2021-2027). A trailer-mounted substation with a power transformer, switchgear, disconnected switches, metering transformers, surge arresters, protection, and control equipment, AC and DC auxiliary power, and control systems is referred to as a mobile substation.
The global decentralized applications (DAPP) market is anticipated to grow at a significant CAGR of 6.8% during the forecast period. The decentralized applications (DAPP) market relates to blockchain and decentralized applications such as gaming, finance, web browsing and other, that are built on blockchain technology.
The global esophageal cancer drugs market is expected to grow at a significant CAGR during the forecast period (2021-2027). Esophageal cancer drugs are commonly used to treat adenocarcinoma, squamous cell carcinoma, and other kinds of esophageal cancer.
The global proximity access control system market is expected to grow at a significant CAGR during the forecast period (2021-2027). The proximity reader and proximity card are the core of the proximity system.
The global media monitoring tools market is expected to grow at a significant CAGR during the forecast period (2021-2027). The growing accessibility of the internet in developing nations is driving the demand for media monitoring tools.
The global marine management system market is anticipated to grow at a CAGR of 7.8% during the forecast period. Automation enables the logistic organizations to cut the overall product handling cost and also reduces the errors by eliminating human mistakes.
The global route guidance & traffic management systems market is anticipated to grow at a CAGR of 10.5% during the forecast period (2021-2027). The route guidance & traffic management systems refer to IT solutions provided by vendors to improve traffic flow and enhance passenger safety.
The global DevOps platform market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The DevOps platform provides faster deployment of new software and facilitates in increasing the speed for extra innovations.
The global contact center analytics market is expected to grow at a significant CAGR during the forecast period (2021-2027). The features of contact center analytics systems include arranging, analysing, and recording client data in order to find a pattern or predict future results. Customer data analysis allows businesses to get critical insights that support them to improve the customer experience.
The global password management market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. A password is an authentication tool that prevents unauthorized access. However, password management or password vaulting is a complex system that protects algorithmically weak and prone to attack systems.
The global information rights management market is anticipated to grow at a significant CAGR during the forecast period. Information rights management is a subset of digital rights management.
The global green technology & sustainability solutions market is anticipated to grow at a significant CAGR during the forecast period. The rising global concern towards global warming and climate change are the major driving factors for the market.
The global green technology & sustainability solutions market is anticipated to grow at a significant CAGR during the forecast period. The rising global concern towards global warming and climate change are the major driving factors for the market. Under the Paris agreement 2015, around 196 nations had committed to reducing the carbon emissions from their countries by 2030. Due to this, various nations had issued sustainability strategies for the industries to be followed which focused on designing energy-efficient products and power supplies. Such global initiatives to reduce global warming are expected to drive the market of green technology and sustainability during the forecast period.
The global display driver market is projected to grow at a modest CAGR of over 4% during the forecast period (2021-2027). The current and voltage requirements across the display screen are controlled by a display driver IC. The display driver gets picture data from the timing controller and creates images on the display by delivering exact analog voltages or currents. The market is expanding as a result of the rising demand for OLED and flexible displays, as well as the adoption of high-cost, advanced display drivers and the expansion of the automotive display market. The market for display driver ICs is growing due to the increased use of 4K and 8K televisions, as well as the availability of UHD content and the rising role of DDICs in individual components and single integration chips.
The global cybersecurity sandbox market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Sandboxing is a cyber security technique in which code is executed, observed, and analyzed in a secure, isolated network environment that closely resembles end-user operating environments.
The global hybrid storage arrays market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A hybrid array is a form of hierarchical storage management that combines hard disk drives (HDDs) with solid-state drives (SSDS) for input/output (I/O) speed improvements.
The global haptic technology market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Haptic technology, or haptics, is a tactile feedback technology that takes advantage of a user's sense of touch by applying forces, vibrations, and/or motions upon the user.
The global web filtering market is expected to grow at a significant CAGR during the forecast period (2021-2027). As the Internet has become more widely used, data breaches have become more common, making it simpler to access corporate servers and, as a result, increasing the use of web filtering.
The global OSS & BSS market is expected to grow at a significant CAGR during the forecast period (2021-2027). The OSS & BSS solution delivers data such as network performance and availability that allows operators to proactively manage networks and systems to create a favorable user experience.
CDP market is anticipated to grow at a considerable CAGR of 16.9% during the forecast period. The growth of the market is primarily attributed due to the increasing expenditure on marketing and advertising activities by organizations. Additionally, several established market players are augmenting their investments in developing competent CDPs.
The global prototyping software market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Prototyping software is mainly applicable to design imperfect or preliminary types of software programming and applications.
The global secure email gateway market is expected to grow at a significant CAGR during the forecast period (2021-2027). Email is the most widely used means of communication among businesses. As a result, hackers target emails to harm, steal, or distort user data, necessitating the adoption of effective email security.
The global insurance CRM software market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the global insurance CRM software market during the forecast period is demand for the smart and automated technologies by the insurance companies.
The global hotel operation system market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the rapidly growing tourism and hospitality industry throughout the globe.
The global hyper-converged infrastructure market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Hyper-converged infrastructure (HCI) includes computing, storage, and network resource that makes HCI a single system framework.
The global data center fabric market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. Data center fabric is also known as unified fabric. It is an establishment that includes a set of nodes and links that are interconnected with each other to form a fabric collectively.
The global robot software market is estimated to grow at a significant CAGR during the forecast period. Robot software is an AI-based system used to guide the functions the robot performs. It is a set of coded instructions which performs the functions of a robot.
The global high-performance computing market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). High-performance computing most generally refers to the trend of accumulating computing power in such a way that it delivers much higher performance than the typical desktop computer or workstation so as to solve complex problems in business, science, or engineering.
The global fog computing market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The market growth is majorly attributed to the fact that with the growing internet penetration, the ever-rising mines of data viably need to be stored, processed, and computed.
The IP Video Surveillance and VSaaS comprise two applications, an IP or Internet protocol video surveillance, and VSaaS or Video Surveillance as a service. The functions of IP Video Surveillance are to capture images and record videos that are further compressed, stored, and transferred over a communication network.
The global software-defined networking market is expected to grow at a significant CAGR during the forecast period (2021-2027). Software-defined networking (SDN) is a networking technology that allows for a centralized, intelligence-based network control by generating a global picture of the network.
The global DNS security software market is expected to grow at a significant CAGR during the forecast period. It is a technological solution that enables secure Domain Name System (DNS) websites and servers.
The global news subscription service market is expected to grow at a significant CAGR during the forecast period. It is a type of service or application that includes digital subscriptions and leverage user with updated news over an online platform.
The global service quality management market is expected to grow at a significant CAGR during the forecast period 2021-2027. Service quality management or SQM is the process of managing the quality of the service that is offered to customers to gain desirable and expected products and fulfil the expectation of customers.
The global GNSS simulators market is expected to grow at a significant CAGR during the forecast period 2021-2027. The GNSS simulators stand for global navigation satellite systems simulators that are highly capable to access satellite navigation systems and offer wide coverage across the globe.
The global price comparison websites (PCWs) market is expected to grow at a significant CAGR during the forecast period 2021-2027. The price comparison websites denoted as PCWs also referred to as comparison shopping websites.
The global Ethernet storage fabric market is expected to grow at a significant CAGR during the forecast period 2021-2027. The Ethernet storage fabric is a type of networking technology that flourishes the need for a highly efficient, fast and elevated performance communication network with extremely high speed.
The Real Time Location System (RTLS) are also known as real time tracking systems. These systems or technologies are widely used to accurately determine any item, and to track the location of objects or people based on the automatically identifying technique in real time.
The global user and entity behaviour analytics market is expected to grow at a significant CAGR during the forecast period 2021-2027. The User and Entity Behavior Analytics (UEBA) is a technical process employed to identify financial frauds, insider threats and targeted attacks.
The Global UC in SMBs Market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. UC in SMBs stands for Unified Communication in Small to Medium Business. This unified communication can provide various benefits for SMBs in many ways.
The global micro segmentation technology market is anticipated to grow at a significant CAGR of 24% during the forecast period 2021-2027. The growing demand for integrated data protection, rise in workload isolation, increasing cyber-attack is major factors that are implemented to drive the market growth of the micro segmentation technology market during the estimated period.
The global server virtualization market is expected to grow at a significant CAGR during the forecast period. Server virtualization is the transcription of various server instances on the single server hardware to meet the various computing demands of the organization.
The global programmable application specific integrated circuit market is expected to grow at a significant CAGR during the forecast period. Application-Specific Integrated Circuits, are non-standard integrated circuits that have been created for a specific usage or application, as the name implies.
The global digital commerce platform market is expected to grow at a significant CAGR during the forecast period. The purchasing and selling of products and services using a digital commerce platform that provides an interactive and self-service experience.
The global micro servers market is expected to grow at a significant CAGR during the forecast period. A micro-server is a system on a chip (SoC) server with a tiny form factor. It's designed specifically for activities that take just a little amount of computational power to complete individually, however, it must be completed in large numbers.
The global mobile accelerator market is estimated to grow at a significant CAGR during the forecast period. Mobile App Accelerator is a service that allows you to build pre-configured, custom-branded iOS and Android mobile apps.
The market of Wearable Wireless Patch Devices Market is anticipated to grow at significant CAGR of XX% during forecast period. A wearable wireless patch device is an all-in-one monitor that is utilised to measure heart rate, breathing patterns and other important signs, offering both clinical and consumer healthcare uses.
The market of Network Patch Type Wearables Device is anticipated to grow at a significant CAGR of XX% during forecast period. Network patch type wearables device is a technology that is included into wearable devices, that monitors the hardware assembly that contains ports required to connect and control incoming and outgoing local area network (LAN) cables.
The Global Cyber-Physical System (CPS) Market is expected to grow at a significant CAGR during the forecast period (2021-2027). A cyber-physical system (CPS) is a computer system that uses computer-based algorithms to operate or monitor a mechanism.
The global next-generation OSS amp BSS market is expected to grow at a significant CAGR of 3.15% during the forecast period (2021-2027). The major factors contributing to the growth of the global next-generation OSS amp BSS market include growing demand for rising profit margin and customer satisfaction.
The global software defined radio market is estimated to grow at a CAGR of 4.9% during the forecast period. A software-defined radio (SDR) system is a radio communication system that modulates and demodulates radio signals using software.
The global behavioral biometric market is estimated to grow at a CAGR of 24.5% during the forecast period. Behavioral biometrics is a type of fraud protection technology that examines a user's digital, physical, and cognitive activities.
The Global RAID (Redundant Array of Independent Disks) Market is expected to grow at a significant CAGR during the forecast period (2021-2027). RAID (redundant array of inexpensive disks, now more often known as array of independent disks) is a data storage virtualization method that integrates many physical disc drive components into a single logical unit for data redundancy, performance enhancement, or both.
The Global Push to Talk over Cellular (PTTOC) Market is expected to grow at a significant CAGR during the forecast period (2021-2027). A push-to-talk over cellular is known as the collection of devices and communication services.
The global signalling analyser market is anticipated to grow at a significant CAGR during the forecast period. The signalling analyser, also known as a spectrum analyser, is a widely used and popular electronic component in a variety of sectors. This device is used by end-users from various industries for its efficiency and communication benefits.
The global IT monitoring tools market is anticipated to grow at a significant CAGR during the forecast period. IT monitoring tools are used to keep track of different IT networks and hardware components. The major aspect driving corporate growth in IT management systems is improving the performance of IT operations through the use of these tools.
The Global Secure Data Disposal Market is expected to grow at a significant CAGR during the forecast period. When businesses purchase and implement new technologies, they face a new challenge: how to dispose off old and obsolete IT hardware.
The Lawful Interception Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Official access to private communications, such as phone conversations or e-mail messages, is legally sanctioned as lawful interception (LI).
The global SSL VPN products market is expected to grow at a significant CAGR of 7.5% during the forecast period (2021-2027). The major factors propelling the growth of the global SSL VPN Products market include the rising adoption of the Bring Your Own Device (BYOD) policy.
The Global SNMP Monitoring Tool Market is expected to grow at a significant CAGR during the forecast period (2021-2027). SNMP is a commonly-used protocol for managing and monitoring network components.
The Global NLP Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Natural language processing serves as a link between humans and machines. The input instructions supplied by humans are straightforward for computers to interpret with their assistance.
The global asset management IT solution market is anticipated to grow at a significant CAGR during the forecast period. The rising adoption of technologically complex and networked infrastructure has pushed businesses across industries to establish asset management systems that may assist in the management of operational technologies and the collection of more vital data and information.
The Global Next Generation Mobile Backhaul Networks Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Next-generation mobile backhaul networks are networks that link the mobile network's radio access network (RAN) and core network.
The Global Enterprise Video Market is expected to grow at a significant CAGR during the forecast period (2021-2027). As globalization shrinks the workplaces and personal networks, the need for effective communication systems has become more apparent.
The global Enterprise Content Management (ECM) market is anticipated to grow at a CAGR of 10.0% during the forecast period. The major factor for growth of the market is the increasing need to meet the regulatory standards and audit management.
The Global Binoculars Market is expected to grow at a significant CAGR during the forecast period. Binoculars are optical devices that are designed to observe distant objects.
The Global Aviation Mission Computer Market is expected to grow at a significant CAGR during the forecast period. Mission computers enable advanced systems like as combat systems to observe and control the battlefield, which is required to execute any mission.
The Global Internet Protocol TV IPTV Market is estimated to grow at a CAGR of 17.12% during the forecast period. IPTV (Internet Protocol Television) is a service that uses the Transmission Control Protocol/Internet Protocol (TCP/IP) suite, to deliver television programming and other visual material instead of broadcast, cable, or satellite transmissions.
The Global Mobile Point Of Sale (POS) Terminals Market is estimated to grow at a CAGR of 18% during the forecast period. An mPOS (mobile point-of-sale) is a smartphone, tablet or dedicated wireless device that performs the functions of a cash register or electronic point-of-sale terminal (POS terminal) electronically.
The Global SSL VPN Market is estimated to grow at a CAGR of 7% during the forecast period. Secure Socket Layer Virtual Private Network (SSL VPN) uses the SSL protocol or the Transport Layer Security (TLS) protocol, which is the successor to SSL, to provide authenticated and secure remote-access VPN capabilities in standard web browsers.
The market for Business Rule Management System is anticipated to grow at a significant CAGR during the forecast period. Business rules management system is increasing due to the expanding number of online applications and the growing need to manage and alter business rules in response to changing business demands and laws, the need for BRMS software and services has increased remarkably in recent years.
The global Programmatic Job Advertising Software Market is anticipated to grow at a significant CAGR during the forecast period. The major factor for growth of the market is the increasing demand for the job opportunities,among various industries all across the globe .
The global payment card issuance software market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing number of connected and digitally active consumers.
The global web scraping software market is projected to have a considerable CAGR during the forecast period. A prominent factor that drives the market for web scraping software is the growing concern to improve business productivity and the organisational workforce.
The tool tracking software market is projected to have a considerable CAGR during the forecast period. Contracting and other organizations use tool tracking software, also known as a tool management software to maintain or manage their tool inventory by keeping track of their physical location and usage.
The market for wireless intrusion prevention system is expected to grow at a significant CAGR during the forecast period (2021-2027). A wireless intrusion prevention system (WIPS) is a network device that scans the radio spectrum for unauthorized access points (intrusion detection) and can take countermeasures automatically (intrusion prevention).
The global market for outdoor Customer Premise Equipment (CPE) is expected to grow at a CAGR during the forecast period (2021-2027). A CPE is any terminal and related equipment situated at a subscriber's premises and linked to a carrier's telecommunication circuit at the demarcation point in telecommunications ("demarc").
The global phishing protection market is estimated to grow at a CAGR during the forecast period. The major factors driving the growth of the global phishing protection market include the rising incidences of phishing attacks and the rising adoption of the ‘Bring Your Own Device’ (BYOD) policy.
The global Serializer/deserializer (SerDes) Market is estimated to grow at a CAGR of XX% during the forecast period. SerDes stands for Serializer/Deserializer, there are several blocks often found in high-speed communications.
The global rain RFID market is estimated to grow at a significant CAGR during the forecast period. RFID stands for Radio Frequency Identification and refers to a wireless technology that consists of two parts, tags and readers.
The Recipe Website Market is expected to register a CAGR of 7.2%during the forecast period. Recipe websites are those that use content to demonstrate how to make recipes or cook any type of cuisine.
The global weather monitoring network market is anticipated to grow at a CAGR of XX% during the forecast period (2021-2027). The weather monitoring network market is expected to rise due to increasing demand for weather monitoring employing big data analytics and an increase in climate change patterns resulting in uncertainty related to rainfall.
The US email encryption market is projected to grow at a significant CAGR of around 18% during the forecast period. The market is set to display impressive growth during the forecast period with some key trends emerging, such as the growing demand for cyber security in the US has resulted in the growth of the email encryption market in the country.
The North America email encryption market is projected to grow at a considerable CAGR of around 18% during the forecast period. The key factor that drives the growth of the market includes the high awareness among the people for data security.
The European email encryption market is projected to witness market growth of around 19% CAGR during the forecast period. In Europe, small and medium-sized organizations are majorly using email services to send and receive information.
The Asia-Pacific email encryption market is projected to grow at a significant CAGR of over 19% during the forecast period. Email encryption includes identifying or encrypting the content of the email to safeguard it from being read by any invalid recipient.
The global e-mail encryption market is projected to grow at a CAGR of over 18% during the forecast period. The email encryption market has grown significantly in the past few years owing to the growing email scam which is generally faced by many small and medium-size business organizations.
The global simulation software market is anticipated to grow at a significant CAGR of 15.6% during the forecast period (2021-2027). The high adoption of simulation software owing to their offered benefits such as a flexibility, cost effectiveness, easy testing of complex system, time compression, and test for complications is a key factor driving the growth of the simulation software market.
The global social trading market is anticipated to grow at a significant CAGR of 15.6% during the forecast period (2021-2027). Social trading is a form of investing that allows investors to observe the trading behaviour of their peers and expert traders.
The US loyalty management market is predicted to grow considerably at a CAGR of 13.1% during the forecast period. The high adoption of the loyalty management programs by the key end-users such as BFSI, travel & hospitality, and retail among others is a key factor driving the growth of the US loyalty management market.
The North American loyalty management market is predicted to grow considerably at a CAGR of 13.1% during the forecast period. The significant presence of major retailers in the country along with the high adoption rate of advanced technologies in the region is primarily driving the regional market growth.
Global loyalty management market is anticipated to grow at a considerable CAGR of 15.6% during the forecast period (2021-2027). The growing digitalization across the globe is a key promoter of loyalty management market. With ever increasing customer access to the digital channels, the companies are finding new and innovative ways to lure their customers.
US queue management system market is growing at a CAGR of 4.3% during the forecast period. The ranks ahead of large, developed economies almost on all benchmarks US for the implementation of queue management systems. With an internet penetration of over 90% and smartphone penetration of 75% as of January 2019, the country hosts robust connectivity infrastructure.
North America queue management system market is growing at a CAGR of 4.2% during the forecast period. The high demand for queueing solutions in the US mainly influences market growth in North America. The trend of social distancing solutions is driving the popularity and acceptance of queuing solutions across all segments.
India queue management systems is growing at a CAGR of 5.5% during the forecast period. India is the third-largest revenue generator for queue management systems in the Asia Pacific region, behind China and Japan.
The European queue management system market is anticipated to record hefty CAGR of 4.0% during the forecast period. The major markets for AI include Germany, the UK, and France. The rising awareness among consumers, high per capita incomes, high purchasing power of economies, and increasing demand for energy-saving appliances are driving the market for AI technology along with queue management in Europe.
Asia-Pacific queue management system market is growing at a CAGR of 5.2% during the forecast period. Asia-Pacific is the world’s most populous region with the presence of about 939 million households. The growing middle-class population in Asia-Pacific is a driving factor of market growth in the region.
Global queue management system market is growing at a CAGR of 4.2% during the forecast period. A queue management system is an integrated framework that includes various modules designed to accommodate and execute customer demands effectively.
Video Interview software is gaining immense popularity globally among businesses in order to simplify the traditional job interview process. These video interview software tools aid companies hire and recruit the best candidates for open positions in an organization.
The Asia-Pacific text to speech market is anticipated to grow at a considerable CAGR of 17.0% during the forecast period (2021-2027). The factors that are augmenting the market growth include growing spending of emerging economies on the education of differently-abled students.
The global text to speech market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period (2021-2027). Text-to-speech is the generation of synthesized speech from text. The technology is used to communicate with users when reading a screen is either not possible or inconvenient.
US encryption software market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the increasing demand for encryption software coupled with growing concerns related to privacy and security in enterprise data In the country.
North American encryption software market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the growing demand for encryption software in enterprises coupled with a growing concern related to privacy and security in enterprise data in the region.
European encryption software market is estimated to grow significantly during the forecast period. The growth of the market is attributed to various factors including well-developed IT infrastructure, high internet penetration, growing cyber-crimes, and strict government regulations regarding data protection in the region.
Asia-Pacific encryption software market is estimated to grow significantly during the forecast period. Increasing internet penetration, rising focus on cybersecurity, and growing smart city projects are the major factors that further contribute to the growth of the market.
North American ECM market is estimated to grow significantly during the forecast period. The market is mainly driven due to the growing demand for cloud-based ECM solutions across the various industries such as BFSI, IT & telecom, and others coupled with the advent large amount of enterprise data in these industries.
European ECM market is estimated to grow significantly during the forecast period. The rising trend towards cloud-based ECM solutions by enterprises is one of the major factors encouraging the growth of the market. Large storage space and proper management are required to store the commercial data generated by large as well as small & medium-sized enterprises.
Asia-Pacific ECM market is estimated to grow significantly during the forecast period. The major factor that contributes to the growth of the market includes the growing number of small and medium enterprises (SMEs) in the region coupled with rising unstructured data in SMEs.
The US product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the high significance of the advanced services in the manufacturing of goods across various industries, such as healthcare, automotive, and aerospace & defense.
UK product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the significant presence of the end-use industries of product engineering services, such as automotive and healthcare industry.
North America product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the presence of the key market players in the region, such as IBM Corp.
India product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the continuous investment by the government on the manufacturing industry, with the government initiatives/subsidies for micro, small, and middle enterprises (MSMEs).
The European product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the huge presence of end-use industry and expansion of global market players in the European region.
The Asia-Pacific product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the wide presence of end-use industry of product engineering services.
The global product engineering services market is growing at a significant CAGR of around 12.8% during the forecast period (2020-2026). Product engineering services is expected to revolutionize the industrial sector during the forecast period.
The US online gaming market is anticipated to grow at a CAGR of 8.1% during the forecast period. The growth of the market is attributed to the high spending on online gaming owing to the high disposable income.
The South Korean online gaming market is anticipated to grow at a CAGR of 8.4% during the forecast period. The growth of the market is mainly driven by the e-sports trend of the country which is driving the millennials towards online gaming. In addition to this, the strong presence of domestic players in the market coupled with the innovative offerings will also drive the adoption of online gaming.
The North America online gaming market is anticipated to grow at a CAGR of 8.0% during the forecast period. The growth of the market is influenced by the high penetration of internet services and the availability of smartphones and tablets even among teenagers.
The Japanese online gaming market is anticipated to grow at a CAGR of 6.9% during the forecast period. The country is one of the most technologically advanced countries all across the globe with high penetration of video gaming in the country. The country had around 70 million video game players in 2019
The Indian online gaming market is anticipated to grow at an exponential growth rate during the forecast period. The growth of the market is significantly influenced by the increasing smartphone penetration coupled with the availability of high-speed internet.
The European online gaming market is anticipated to grow at a CAGR of 7.7% during the forecast period. Along with the genre of traditional games such as action, racing, and sports, the growth of the market is also driven by the rising trend of online gambling, betting, and casino across Europe.
The China online gaming market is anticipated to grow at a CAGR of 15.9% during the forecast period. Owing to the huge population base, high internet penetration, and increasing per capita expenditure on gaming, China has become one of the largest markets for online gaming all across the globe.
The Asia-Pacific online gaming market is anticipated to grow at a CAGR of 14.5% during the forecast period. The growth of the market is influenced by the increasing penetration of internet services coupled with the high popularity of social media.
The online gaming market is anticipated to grow at a CAGR of 11.9% during the forecast period. The growth of the market is mainly influenced by the high average time of gaming of the millennials and generation Z; coupled with the rising trend of binge-gaming.
The global market for encryption software is projected to have considerable CAGR of 16.1% during the forecast period. The major factors that propels the encryption software market include the growing concern related to data privacy and security coupled with increase in cyber attacks and data breaches across the enterprises.
The digital payments market is anticipated to grow at a significant CAGR during the forecast period. The payment done via electronic mediums is considered as a digital payment. Digital payment modes provide faster, easier, and more convenient payment options. Additionally, digital banking services are available to customers on a 24/7 basis including bank holidays which is significantly driving the adoption of digital payment solutions.
The global smart learning systems market is estimated to grow at a CAGR of nearly 20.0% during the forecast period. The major factors contributing to the market growth include the rising adoption of AI in education and the increasing trend towards e-learning platforms. Technology has benefited the users in every aspect of life including education and training.
The global emotion detection and recognition market are estimated to grow at a CAGR of nearly 19.2% during the forecast period. The major factors contributing to the market growth include rising smartphone penetration, increasing demand for wearable devices, and emerging application in the retail sector.
The global deception technology market is growing at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market is driven by the growing demand for cloud computing and BYOD platform in enterprises.
The global time series analysis software market is estimated to grow at a CAGR of around 12% during the forecast period. Time series analysis is one of the powerful analysis techniques. It is a statistical technique; this technique deals with time-series data in order to do trend analysis. Time series analysis is used by the business head to make important decisions, such as load forecasting, business forecasting, financial forecasting, and stock market analysis, and so on.
The global insurance CRM software market is estimated to grow at a CAGR of around 12% during the forecast period. Insurance customer relationship management (CRM) software is developed to simplify and automate the entire insurance workflow. An insurance CRM software system helps an insurance company in the insurance workflow automation, policy tracking, insurance reporting engine, agent management & activity tracking, and others.
The global hotel operating system market is estimated to grow at a CAGR of around 8% during the forecast period. A hotel operating system is defined as a platform that enables a hotel or a group of hotels to manage front-desk capabilities, such as booking reservations, guest check-in/check-out, room assignment, managing room rates, and billing. Although, besides controlling the reservation and financial transactions, hotel operation system manages housekeeping and perform human resources management as well.
The global volume booster software market is estimated to grow at a CAGR of around 7% during the forecast period. The major factors contributing to the growth of the market include rising demand for the volume booster software to maximize the sound of PC and laptop and the increasing popularity of the software among end-users.
The global storm tracking apps market is estimated to grow at a CAGR of around 8% during the forecast period. The major factors contributing to the growth of the market include the growing numbers of disasters across the globe and the rising adoption of storm tracking apps in SMEs and different industry verticals.
The global file analysis software market is estimated to grow at a CAGR of around 7% during the forecast period. File analysis software is used to scan & manage unstructured data & maps works as a foundation for information governance. The produced results by this software are used by the data & analytics leader to make crucial data-driven decisions on unstructured data. It reduces risk and reduces data-related costs.
The global robot software market is anticipated to grow at a significant CAGR during the forecast period. The market is driven by the increasing needs of labor that will cost a minimum while maintaining high quality. Additionally, the increasing adoption of IoT and AI by the end-user industries will also fuel the growth of the robot software market.
The global market for ECM is projected to have considerable CAGR of around 11.5% during the forecast period. The market growth is attributed to various pivotal factors such as the growing demand for cloud-based ECM services associated with growing demand from small-medium sized enterprises (SMEs) across the globe. ECM system is designed to contain unstructured information such as drawings, files, and images.
The global restaurant management software market is projected to grow at a significant CAGR during the forecast period. Restaurant management software is used for customer interaction and aids the restaurant manager to seamlessly manage business operations such as ordering, queue management, billing, inventory management, and many others.
The global higher education learning software market is projected to grow at a considerable CAGR during the forecast period. The cloud-based higher education learning software has transformed the way of learning by making it accessible, more students centric, and more cost-effective by reducing the cost of post-secondary education.
The global SaaS Customer Relationship Management (CRM) market is projected to witness considerable growth during the forecast period. CRM software has its utility in managing a company’s interaction with its current as well as potential customers.
The global quality management software market is estimated to grow at a CAGR of around 8% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the demand for effective management of organizational process & quality assurance and the need for the customer-centric product.
The global operating room management market is projected to grow at a considerable CAGR of around 10% during the forecast period (2019-2025). The increasing number of surgeries and the growing inclination of patients toward non-invasive surgical procedures are the major driving factors to drive the growth of the global operating room management market.
The indirect tax management market is projected to grow at a considerable CAGR of around 12% during the forecast period (2019-2025). The ongoing globalization, increasing competition, an ever-increasing regulatory compliance burden have created a need for advanced software that can maintain all the indirect tax legislation to maintain continuity of the business processes.
The global protein expression market is growing at a significant CAGR of around 11.7% during the forecast period (2020-2026). Protein expression refers to the biotechnological process in which proteins are synthesized, modified, and regulated in living organisms.
The global marketing calendar software market is estimated to grow at a CAGR of around 7.9% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the adoption of marketing calendar software in large enterprises and SMEs. Marketing calendar software helps an organization to plan and organize marketing campaigns, content, budgets, and goals.
The corporate assessment service market is projected to grow at a considerable CAGR of around 7% during the forecast period (2019-2025). The benefits that the corporate assessment solution provides such as flexibility, scalability, and better talent acquisition and retention over the traditional hiring process is one of the key factors to drive the growth of the global corporate assessment market.
The global market for revenue assurance is projected to have considerable CAGR of around 10.5% during the forecast period. The market is mainly driven due to various factors such as increasing transaction data, growing adoption of digital solutions by the small and medium enterprises (SMEs), Rising trend towards advanced technologies such big data analytics, machine learning, and IoT.
The global IoT node and gateway market is growing at a significant CAGR of around 5.8% during the forecast period (2019-2025). The IoT is one of the biggest breakthroughs in the technology industry and is becoming a part of every aspect of life such as retail shops, hotels, cars, airplanes, and others. IoT node and gateway acts as a bridge between the cloud and controllers, intelligent devices, and sensors.
The global online brand protection software market is estimated to grow at a CAGR of nearly 20.0% during the forecast period. The major factors contributing to the market growth include the expansion of the e-commerce industry and increasing demand for anti-counterfeiting solutions across the globe. As per the United Nations Conference on Trade and Development (UNCTAD), in 2017, the global e-commerce sales grew 13%, hitting an estimated $29 trillion.
Farm management software plays a vital role in various agriculture operations. It aids farmers in managing farming operations, farm financials, labor management, and assists in improving the profitability and productivity of the overall farm. The global farm management software market is projected to grow at a significant CAGR of over 15% during the forecast period.
The global legal hold software market is anticipated to grow at a significant CAGR during the forecast period. The process of legal hold is adopted by an organization in order to preserve all forms of potentially relevant information in the cases when litigation is pending or reasonably anticipated. With the deployment of legal hold software, the companies can have significantly improved execution speed, repeatability, and defensibility coupled with the reduced costs associated with managing legal holds.
The global diagramming software market is estimated to grow at a CAGR of around 8% during the forecast period. Diagramming software is used to draw different types of diagrams to visualize and present data. This visualization and the presentation helps in understanding the trends and scenarios and creating presentations in industries as well as on individual purposes.
Global brand protection market is forecast to grow at a significant CAGR during the forecast period. Brand protection can be defined as the method to protect the intellectual property of the companies against counterfeiters, copyright pirates, and any other type of infringers.
The data science platform market is anticipated to grow at a significant CAGR of over 25% during the forecast period. Data science platforms are generally used by scientists for various common purposes such as to plan strategy, uncover actionable insights from data and communicate those insights throughout an enterprise within a single environment. Data science platforms include a variety of technologies for machine learning and other advanced analytics uses.
The global incident and deviation management solutions market is estimated to witness significant growth during the forecast period. Rising focus to the compliance with the industry standards in pharmaceutical and biotechnology industry and increasing demand for incident response in the energy industry.
The global cloud-based point-of-sale (POS) system market is expected to grow at a CAGR of more than 10.0% during the forecast period. The major factors contributing to the growth of the market include the increasing number of organized retail stores and the expansion of e-commerce industry.
The global workspace as a service market is growing significantly, at a CAGR of 14.3% during the forecast period (2019-2025). Workspace as a service (WaaS) is the desktop virtualization service hosted on the cloud in which, Virtual Desktop Infrastructure (VDI) is outsourced to a third-party service provider along with all the responsibilities of maintaining upgrades, storage, security, and data backup.
The global digital transaction management market is growing significantly, at a CAGR of 16.3% during the forecast period (2019-2025). Digital transaction management is referred to a category of cloud services that are designed to manage document-based transactions in an entirely electronic manner. It essentially involves the streamlining the business processes by maintaining document processes completely digital.
The global Wi-Fi as a service market is growing at a significant CAGR of more than 22.0% during the forecast period (2019-2025). Wi-Fi as a service is referred to as a subscription-based service that can be installed for the deployment of large-scale wireless networks.
The global security information and event management (SIEM) market is growing significantly, at a CAGR of around 6.5% during the forecast period (2019-2025). SIEM software that analyses the security alerts and gives enterprise security from cyberattacks. The major factors promoting the growth of the market include rising concerns related to cybersecurity and privacy and rising investment in smart city projects.
The global visitor management software market is anticipated to grow at a considerable CAGR during the forecast period. The rising demand for control and management software and devices coupled with the increasing investments by organizations in security is a major factor to drive the market growth during the forecast period. Visitor management software records, captures, and monitors the information for managing visitor traffic.
The global customer analytics market is growing significantly, at a CAGR of 16.3% during the forecast period (2019-2025). Customer analytics is the natural extension of building brand awareness and part of customer relationship management (CRM).
Logistic tracking & management software market is projected to grow at a considerable CAGR of around 8% during the forecast period (2019-2025). The increase in global trade, advancement in logistic visibility solutions and technologies, effective need to control time-in-transit is the major factor to drive the global logistic tracking & management market.
The custom accounting software market is projected to grow at a considerable CAGR of around 9.0% during the forecast period (2019-2025). The rising inclination of accountants towards newly advanced and customized accounting software over the conventional software for accounting purposes is a major factor to drive the growth of the global custom accounting software market.
The workplace transformation market is anticipated to grow at a CAGR during the forecast period. The factor such as the integration of the Bring Your Own device (BYOD) system in several organizations has shown a positive impact on the growth of the workplace transformation industry during the forecast period. Workplace productivity has been witnessing a growth owing to enterprise workflow management and technological advancement in the IT industry.
The global real estate virtual tour software market is growing at a significant CAGR of more than 22.0% during the forecast period (2019-2025). Virtual reality in real estate and construction projects involves placing a 3D model of a proposed design onto an existing space using mobile devices and 3D models.
The global customer advocacy software market is estimated to grow at a significant CAGR during the forecast period. Customer advocacy software can be referred to as referral marketing software that supports a company’s sales and marketing. It allows a company to strengthen social proof from existing loyal customers.
The global asset management IT solutions market is growing significantly, at a CAGR of around 8.6% during the forecast period (2019-2025). Asset management IT solutions is the fundamental building block that allows best practices for the management of the assets efficiently and allows users to schedule preventive care and track history.
The global FWaaS market is estimated to grow at a significant rate of 19.8% during the forecast period. Factors that are propelling the market growth include increasing adoption of cloud-based services, increasing adoption of FWaaS in various industry verticals, shifting trends towards bring your own device (BYOD) and increasing concern regarding data security and privacy.
3D rendering software market is anticipated to grow at a CAGR of 20.5% during the forecast period. Factors such as rising demand for real-time rendering and increasing adoption of 3D rendering in the construction and real-estate sector have shown a positive impact on the growth of the 3D rendering software industry. The companies are leveraging 3D rendering and visualization technology to make an attractive model of their projects for marketing and promotional activity.
The global application lifecycle management (ALM) market is projected to have a significant CAGR of 6.0% during the forecast period. ALM referred to the entire management of application, utility, and software solution during its initial stage to its removal from an organization’s system. The market growth is attributed to the rising adoption of the agile development model in place of the waterfall development model for application management.
The global biometrics-as-a-service market is projected to grow at a CAGR of 14.0% during 2019-2025. The market growth is attributed to the increasing complex IoT landscape, a growing number of cyber-attacks, and the rise in demand for cost-efficient biometric solutions among several industry verticals.
The global field service management market is expected to witness a significant growth rate of over 15% during the forecast period. Field service management is a tool used by organizations to effectively gain maximum efficiency by the integration of accounting, billing, service distribution of the available work.
The global
application transformation market is expected to witness a growth rate of over
12% during the forecast period. With the evolution of time, the disruption in
the traditional working methods of enterprises has increased to a significant
level.
Patient engagement solution market is anticipated to grow at a CAGR of 10.3% during the forecast period (2024-2031). The patient engagement solution includes a range of software, technologies, and solutions aimed at involving patients actively in their healthcare journey, fostering communication between patients and healthcare providers, and enhancing the overall patient experience and outcomes. The market growth is driven by a growing trend for virtual health and telemedicine, which includes remote consultation, constant efforts by healthcare providers to enhance disease management workflow, a shifting inclination towards value-based healthcare, and the increasing use of data analytics and related technologies to understand patient behavior in better way and preferences for more effective engagement strategies.
Software-defined data center market is anticipated to grow at a CAGR of 21.9% during the forecast period (2024-2031). Software-defined data centers are virtualized data center infrastructures comprising networking, storage, and computing, which are collectively offered as a service. The global market growth is driven by the rapid adoption of cloud computing, the modernization of data centers, a growing demand for automation and orchestration, and advancements in technologies such as artificial intelligence (AI), machine learning (ML), and containerization. Furthermore, the market is expected to be influenced by the integration of edge computing, AI-driven business operations, and the growing efforts for security enhancement and regulatory compliance.
Customer relationship
management (CRM) software are widely used among business professionals to manage
a company’s interaction with its current as well as potential customers. Earlier,
the CRM software was generally deployed in large enterprises; however, with the
advent of the SaaS (Software as a Service), the adoption of CRM software has
considerably increased in the start-up companies.
Social media analytics market is anticipated to grow at a considerable CAGR of 23.5% during the forecast period. Social media analytics has the ability to gather and find meaning in data gathered from social channels to support business decisions and measure the performance of actions based on those decisions through social media. The growing adoption of social media analytical tools to deal customers in a better manner is driving the growth of the global market.
Wealth management software is a tool used to streamline enterprise financial and back office operations. It is used by several companies which are involved in conducting financial activities, such as investment management firms, trading and brokers, and banks. Wealth management platforms are designed to improve the performance of advisory tools.
Neural network software market is expected to grow at a moderate rate during the forecast period 2019-2025. Neural network software is a network system which mimics the operations of the human brain through codes and systematic instructions. The system is based on computer technology being used for simulation of brain circuitry which provides an artificial neural network.
HR software market is expected to grow at a moderate
rate during the forecast period 2019-2025. HR software is an integrated
system that is used to store, analyze, and respond to the information of
an organization’s human resources. The software coordinates with
various functions such as employee training, salary hikes, recruitment
of employees, succession planning, and performance management, among
others. Moreover, the software automatically controls and updates the
information stored in the software application.
Software defined data center market is expected to grow at a CAGR of
21.9% during 2017-2022. software defined data center is referring as
all elements of infrastructure which includes CPU, networking storage,
and security that are virtualized and delivered as a service.