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theresearchblog · 1 year ago

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Online Recruitment Platform Market Detailed Strategies, Competitive Landscaping and Developments for next 5 years

Latest released the research study on Global Online Recruitment Platform Market, offers a detailed overview of the factors influencing the global business scope. Online Recruitment Platform Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Online Recruitment Platform The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are LinkedIn (United States), Monster (United States), Indeed (United States), CareerBuilder (United States), Naukri.com (India), Seek Limited (Australia), Zhilian Zhaopin (China), DHI Group, Inc. (United States), SimplyHired, Inc. (United States), StepStone (Germany),

Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/116557-global-online-recruitment-platform-market

Online Recruitment Platform Market Definition:

Online recruitment platform is also known as E-recruitment or an internet recruiting platform that allows businesses to use various internet-based solutions for online advertisement and job listing to hire the best candidate for the particular job role. In today’s time increasing use of internet and evolution of advanced technologies has made easier to scout candidates and conduct the interview. The platforms offer facilities for job seekers to upload their details and resumes online.

Market Drivers:

Increasing Use of Online Recruitment Platforms for Potential Talent Scouting Across the Globe

Increasing Use of the Internet and Advanced Technologies to Reach Bigger Audience

Market Opportunities:

High Adoption by the SMEs Due to Its Cost-effectiveness and Flexibility

Market Trend:

Development of Innovative Features in Online Recruitment Applications by the Providers

The Global Online Recruitment Platform Market segments and Market Data Break Down are illuminated below:

by Type (Permanent, Part-Time, Internship), Vertical (BFSI, IT & Telecom, Healthcare, Food & Beverages, Real Estate, Travelling & Hospitality, Media & Entertainment, Automotive, Others), Enterprise Size (Small & Medium Enterprises, Large Enterprises)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Online Recruitment Platform Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Online Recruitment Platform market

Chapter 2: Exclusive Summary – the basic information of the Online Recruitment Platform Market.

Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Online Recruitment Platform

Chapter 4: Presenting the Online Recruitment Platform Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Online Recruitment Platform market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Online Recruitment Platform Market is a valuable source of guidance for individuals and companies in decision framework.

Data Sources & Methodology The primary sources involves the industry experts from the Global Online Recruitment Platform Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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What benefits does AMA research study is going to provide?

Latest industry influencing trends and development scenario

Open up New Markets

To Seize powerful market opportunities

Key decision in planning and to further expand market share

Identify Key Business Segments, Market proposition & Gap Analysis

Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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

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kenresearchreport · 1 year ago

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Decoding Cybersecurity: Unveiling the Future of US Digital Forensics Excellence

What is the Size of US Digital forensics Industry?

US Digital forensics Market is expected to grow at a CAGR of ~% between 2022-2028 and is expected to reach ~USD Mn by 2028.

Escalating cyberattacks targeting individuals, organizations, and critical infrastructure underscore the need for robust digital forensics capabilities. The increasing frequency and sophistication of these attacks drive the demand for advanced tools and expertise to investigate and respond effectively.

Rapid technological advancements, including IoT, cloud computing, AI, and blockchain, introduce new avenues for cyber threats. Digital forensics services are crucial to understanding these emerging technologies' vulnerabilities and mitigating associated risks.

Furthermore, stricter data protection regulations and compliance mandates necessitate thorough digital evidence collection, preservation, and analysis.

Organizations across industries has invested in digital forensics to ensure adherence to legal requirements and regulatory frameworks.

Additionally Legal proceedings increasingly rely on digital evidence. Law enforcement, legal firms, and corporations require robust digital forensics services to gather, analyze, and present evidence in a court of law, driving market expansion.

Us Digital Forensics Market By Type

The US Digital forensics market is segmented by Computer Forensics, Network Forensics, Mobile Device forensics and Cloud forensics. Based on type, Computer Forensics type segment is emerged as the dominant segment in US Digital forensics market in 2022.

Computers are ubiquitous in modern society, utilized across industries, organizations, and households. As a result, a significant portion of digital evidence related to cybercrimes and incidents is generated from computer systems, driving the demand for specialized computer forensics expertise. Computers and their software environments evolve rapidly.

Us Digital Forensics Market By End User Application

US Digital forensics market is segmented by Government and Defence, BFSI, Telecom and IT, Retail, Healthcare and Other Government and Defence market is dominant in end user application segment in Digital forensics market in 2022.

Government and defense agencies handle highly sensitive information related to national security and intelligence. The increasing sophistication of cyber threats targeting these entities necessitates robust digital forensics capabilities to investigate and respond to cyber incidents effectively.

Government and defense entities are prime targets for cyberattacks due to their critical roles. Effective incident response through digital forensics helps in containing and mitigating cyber incidents swiftly, minimizing damage and preventing further breaches.

US Digital forensics by Region

The US Digital forensics market is segmented by Region into North, East, West, South. In 2022, the dominance region is East region in US Digital forensics market.

The East region has a dense population and a well-established digital infrastructure, making it a hotspot for cybercriminal activity. The higher frequency of cyber threats and incidents necessitates a strong emphasis on digital forensics to investigate and mitigate these risks effectively. Additionally, the East region often sees a proactive approach from regulatory and legal bodies, reinforcing the demand for digital forensics services to ensure compliance and assist in investigations. The proximity of key players in law enforcement, government agencies, legal firms, and corporate headquarters further fuels the need for robust digital forensics capabilities.

Download a Sample Report of US digital forensics Solution Market

Competition Scenario in US Digital forensics Market

The US digital forensics market is characterized by a competitive landscape with several key players competing for market share. Prominent companies offering a range of digital forensics solutions and services contribute to the market's dynamism.

The competitive landscape also includes smaller, specialized firms and start-ups that focus on niche areas of digital forensics, such as cloud forensics, memory forensics, and industrial control systems forensics.

The competition is further intensified by the continuous evolution of technology, leading to the emergence of new players and innovative solutions. As the demand for digital forensics continues to grow, companies in this market are likely to invest in research and development to stay ahead of the curve, leading to a consistently competitive environment.

What is the Expected Future Outlook for the Overall US Digital forensics Market?

Download a Custom Report of US digital forensics market Growth

The US Digital forensics market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022- 2028.

The US digital forensics market is poised for robust expansion due to the ever-evolving cybersecurity landscape, technological advancements, and regulatory pressures. Organizations across industries will increasingly recognize the necessity of investing in digital forensics to safeguard their digital assets and ensure compliance.

As long as cyber threats continue to evolve, the demand for sophisticated digital forensic tools, services, and expertise will remain on an upward trajectory.

The US digital forensics market appears promising, characterized by a confluence of technological advancements, increasing cyber threats, and growing legal and regulatory requirements. As technology continues to evolve rapidly, so does the nature of cybercrimes, creating a persistent demand for digital forensics solutions and services.

Additionally, the escalating frequency and complexity of cyberattacks. As more critical operations and personal information are digitized, the potential attack surface expands, leading to a higher likelihood of security breaches. This dynamic compels organizations and law enforcement agencies to enhance their digital forensic capabilities to investigate, mitigate, and prevent cyber incidents effectively.

Furthermore, the rise of emerging technologies like the Internet of Things (IoT), artificial intelligence (AI), and blockchain presents both opportunities and challenges. These technologies bring new possibilities for efficiency and connectivity but also introduce novel avenues for cyber threats. Consequently, the demand for digital forensics services is expected to surge as organizations seek expertise in unraveling incidents involving these cutting-edge technologies.

The market is also likely to see increased adoption of cloud-based digital forensics solutions. As more data is stored and processed in the cloud, digital forensic providers will need to develop tools and methodologies to effectively gather evidence from virtual environments, remote servers, and distributed systems.

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strangemusictriumph · 2 years ago

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Fingerprint Sensor Market - Forecast (2022 - 2027)

The rising need of multi-factor authentication method across consumer electronics, banking and financial sectors is set to grow the fingerprint sensor that was already valued to be $4.68 billion in 2018 and is expected to grow at a CAGR of 14% during forecast period 2019-2025. Factors such as the proliferation of fingerprint sensors in smartphones and other consumer electronics, government support for the adoption of fingerprint sensors in BFSI industry, and the use of biometrics in mobile commerce are driving the growth of the market. The adoption of fingerprint protection by smartphones to secure stored data and the essential bank options such as OTP and mobile banking applications are expected to fuel the fingerprint sensor market. According to the statics provided by TrendForce, growth in the share of smartphone shipments incorporated with fingerprint sensor increased from 29% in 2015 to 60% in 2018, which is likely to augment the fingerprint sensor market further during the forecast period.

On the other hand, increasing support from the government for the adoption of fingerprint sensors, along with use of biometrics in BFSI, and law enforcement sectors has been driving the fingerprint sensor market. The fingerprint devices in BFSI will help in authenticated transaction with fingerprint to prevent fraud that will lead the growth of fingerprint sensor market.

In fingerprint sensors market below developments would make dynamical changes, which in turn, will augment the market in terms of revenue:

A Swedish fingerprint sensor company, Fingerprint Cards AB, shipped one billion fingerprint sensors worldwide in Q1 2019. Going forward, the company is estimated to reach 2 billion of sensors shipment globally by the end of 2019, which will show significant growth in overall fingerprint sensor market.

The development in mobile fingerprint devices by Metropolitan Police Service can scan suspect fingerprints and returns any match to police databases within 60 seconds that is one of the emerging innovation for law enforcement.

These developments and innovations are expected to grow the of fingerprint sensor market globally.

Fingerprint Sensor Market Report Coverage

The report: “Fingerprint Sensor – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Fingerprint Sensor Market.

By Type: Area, Touch, Swipe, Fingerprint Sensor Modules

By Technology: Capacitive Sensor, Optical Sensor, Thermal Sensor, Pressure Sensor, RF Sensor, Ultrasonic Sensor, Others

By Application: Desktop, Laptop, Smartphones, Wearable Devices, Tablets, Gaming Consoles, Notebooks, Security & Alarm Solutions, Government & Law Enforcement, Others.

By Industry: Defense, Retail, Education, Healthcare, BFSI, Government, Commercial, Manufacturing/Industrial, Telecommunication, Travel & Immigration, Others

By Geography: North America, South America, Europe, Asia-Pacific, RoW

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Key Takeaways

The major driving factor in the fingerprint sensor market is the increasing demand of smartphones with high-end technologies and fingerprint specifications, which are likely to grow the fingerprint sensor market during the forecast period.

The BFSI sector in the fingerprint sensor market is expected to grow at a CAGR of 19% during the forecast period. The increased need for multi-factor authentication systems in banking is being more prominent and increasing the demand for fingerprint sensors within this application.

APAC holds the largest market for the fingerprint sensors market accounting to around 34% of the global market share owing to the increased demand for consumer electronics such as smartphones, and wearable devices and so on, which are installed with fingerprint sensors. Moreover, the BFSI sector will be showing significant growth in the adoption of fingerprint to prevent the fraud cases.

Fingerprint Sensor Market Segment Analysis - By Technology

The capacitive and optical sensor technology are the most common type of fingerprint scanner, being used nowadays. The market is expanding significantly owing to increasing demand for secure consumer electronics and an overall need for rigid security.

Apart from that, the optical fingerprint scanner is now being used in most cost-effective hardware these days. These sensor are gaining prominence due to increasing popularity of in-display fingerprint sensors. Essential technology such as optical sensors has the viability to work efficiently with smartphones and provide multi-factor authentication systems in mobile banking ecosystem, which is likely to grow the fingerprint sensor market positively.

In 2019, a biometrics company Fingerprint Cards AB, introduced its FPC1610 sensor prototype using optical in-display fingerprint sensor for smartphones. These developments will show significant growth for in-display optical fingerprint sensors in the market.

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Fingerprint Sensor Market Segment Analysis - By Industry

The BFSI industry in fingerprint sensor market is expected to grow with the fastest CAGR of 19% during the forecast period. The banks are extensively working on payments cards with in-built fingerprint sensors, in order to end the need of PINs to make payments much secure. This will allow the most secure authentication mechanism for account holders.

Moreover, the government support for the adoption of fingerprint sensors owing to keep the security for unique identification and verification of individuals in e-Governance applications are expected to propel the growth of the fingerprint sensor market.

On the other hand, consumer electronics is one of the major market for fingerprint sensors. Various biometric incorporated devices such as smartphones, tablets, gaming consoles, and notebooks are expected to fuel the fingerprint sensor market. The growing trend of bezel-less screens feature, using OLED display, in smartphones has led the manufacturers to develop high-end in-display fingerprint sensors technology that occupy less space. This in-display fingerprint sensors will be incorporated in OLED displays using optical or ultra-sonic sensor technology. Hence, the adoption of in-display fingerprint sensors is expected to fuel the demand for ultrasonic and optical in-display fingerprint sensors, which is rising at the rate of 14% in 2019.

Fingerprint Sensor Market Segment Analysis - By Geography

The Asia Pacific region is the largest revenue contributor for the fingerprint sensors market, with a share of 34% in 2018. The rising adoption in mobile banking applications, collaborative innovations, updating smart devices, and, of course, security concerns in this region has resulted in increased demand for fingerprint sensors in this region.

Moreover, the demand for fingerprint technology in China has grown tremendously, especially in the consumer electronics, commercial, healthcare, government and banking sectors owing to protect the data from threats. Based on the statics of Statista, the consumer electronics user penetration in China is expected to hit from 23.4% in 2019 to 35.3% in 2023. Following this current market trend, numerous consumers are willing to transact using smart devices that integrate biometric identification systems for providing more security during transactions.

Recently in March 2019, NEXT Biometrics, a Norwegian fingerprint sensors company, signed an agreement with an Asian smart card manufacturer in order to launch contact-based and dual interface biometric smart cards in the Asia Pacific region. This will lead to increased demand for fingerprint sensors technology in coming years.

Similarly, in India, the increasing use of smartphones and other consumer appliances are witnessing a huge growth in terms of revenue. The smartphone penetration rate in India is expected to reach from 2018 in 26% to 36.2% in 2022. Thus, the growth in smartphones will significantly grow the fingerprint sensor market in this region. On the other hand, the government initiatives such as UIDAI for unique identification for individual citizen that is registered with fingerprint is expected to propel the growth of fingerprint market. Similar initiatives are being taken by other governments around the world, eventually leading to increasing demand of fingerprint sensors in the near future.

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Fingerprint Sensor Market Drivers

Major adoption of Biometrics in Law Enforcement and Government Applications:

Within law enforcement, biometrics authentication is playing a key role in providing criminal ID solutions such as Automated Fingerprint Identification Systems (AFIS). This solution enables law enforcement agencies to identify and store data of the criminals. Moreover, unique identification initiatives taken by government, eventually driving the need of fingerprint sensors across all the application in a country.

Emergence of fingerprint sensors enabled smartphones:

Smartphones have increased penetration of in-display fingerprint sensing technology. Most smartphone manufacturers such as Samsung, Vivo, Huawei and Xiaomi are launching models that are integrated with fingerprint sensors. According to the Global Systems for Mobile Communications (GSMA), there were a total number of 5 billion mobile users at the end of 2017, and the production of mobile phones will grow at a CAGR of 2.1% during the forecast period of 2017 to 2025, and is expected to reach 5.9 billion in 2025. Thus, increasing demand for smartphones with advanced sensing technologies will create enhanced opportunities for the fingerprint sensors market.

Fingerprint Sensor Market Challenges

Integration of biometrics in to the devices is increasing the competition for fingerprint devices

The ability of biometrics is to access the biological parameters such as iris/retina, voice, pulse, DNA, and vein, provide the advance level of security. Since every individual possesses unique physiological features, which can’t be easily swapped, shared, or stolen. In biometrics, the recognition accuracy, integration and resetting ability is not working effectively, which are causing fall in the biometrics usage. Hence, the development in fingerprint sensor to make the module compact, thin, and easy to integrate with better recognition accuracy can reduce the use of other biometrics.

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Market Landscape

Partnerships and acquisitions along with product development and up-gradation are the key strategies of the top players in the Fingerprint Sensors Market. The major players in the Fingerprint Sensor include Apple, Goodix, Egis Technology, Fingerprint Cards, Synaptics, IDEMIA, NEXT Biometrics, Anviz Global, IDEX ASA and Gemalto among others.

Partnerships/Mergers/Acquisitions

In March 2019, Gemalto acquired Green Bit to offer biometric scanners as part of complete automated fingerprint identification system (AFIS). This deal have been done by noticing an increase use of biometric scanners by governments for identity management purposes.

In May 2019, NEXT Biometrics and Newland entered into a supply agreement with Fujian Newland Payment Technology Co., Ltd. to provide an integration of different types of NEXT Biometrics' high-quality, large-area fingerprint sensors on a global scale.

In September 2018, HID Global, a leader in trusted identity solutions, announced that it acquired Crossmatch, a leader in biometric identity management and secure authentication solutions. Under this acquisition, Crossmatch’s biometric identity management hardware and software will complement HID’s broad portfolio to make major providers of fingerprint biometric technologies.

R&D Investments/Funding

In April 2019, Wales-based fingerprint biometrics startup Touch Biometrix has received $2.2m in VC Funding. The firm claims it will help boost the further growth of its fingerprint sensor technology. The solution price will be less than $1 per sensor and the manufacturing will continue to being by 2020.

In June 2018, Valencell captured $10.5M in Series E financing led by Sonion. The startup intends to use the financing to grow its technology and team of biometric sensors.

Fingerprint Sensor Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Fingerprint Sensor Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the type, technology, application, industry and geography analysis of Fingerprint Sensors Market.

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#Fingerprint Sensor Market price #Fingerprint Sensor Market size #Fingerprint Sensor Market share #Fingerprint Sensor Market trends #Fingerprint Sensor Market report #Fingerprint Sensor Market

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latestmarketresearchnews · 12 hours ago

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Multi-factor Authentication Industry 2030 Trends, Growth, Revenue, Outlook and Future Estimation

The global multi-factor authentication (MFA) market was valued at USD 14.28 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. Multi-factor authentication strengthens security by adding multiple verification layers to authenticate user identity and secure online transactions. This increased security is crucial in today’s landscape, where organizations face escalating cyberattacks and data breaches. The rising frequency of such breaches, coupled with stricter regulatory requirements for safeguarding sensitive data, is expected to significantly drive MFA market growth.

Additional factors driving the adoption of MFA solutions include growing investments in cloud technologies and enterprise mobility, along with the increasing trend of bring-your-own-device (BYOD) policies in enterprises. As more businesses shift to cloud-based and mobile environments, the need for robust security solutions like MFA becomes essential. Furthermore, the emergence of authentication-as-a-service solutions, which offer advanced security and user authentication capabilities, is anticipated to further propel the growth of the MFA market.

Despite the promising growth trajectory, high costs and implementation complexities present challenges to the MFA market. However, these barriers are expected to diminish as technology evolves. With the rising incidence of data breaches, many industries are establishing stricter data security standards, prompting organizations to adopt MFA solutions. Implementing MFA is often complex, especially in diverse IT environments, and requires significant capital for procurement, setup, maintenance, and management.

Gather more insights about the market drivers, restrains and growth of the Multi-factor Authentication Market

Regional Insights:

North America Multi-factor Authentication Market Trends

North America is also expected to experience substantial growth in the MFA market over the forecast period. Key drivers in this region include advancements in technology, the widespread adoption of smartphones, improved network connectivity, and high uptake of digital services. The region has also seen a rise in cyberattacks, which has intensified the need for MFA solutions. North America’s growth is further supported by the presence of major technology providers, including CA Technologies, Symantec Corporation, Vasco Data Security International, Inc., and RSA Security LLC, which are expected to bolster market momentum.

Asia Pacific Multi-factor Authentication Market Trends

In 2022, the Asia Pacific region held the largest revenue share of 30.3% in the MFA market and is expected to achieve the fastest growth, with a projected CAGR of 15.4% over the forecast period. This growth is driven by increased spending on connected devices, significant investments in cloud and Internet of Things (IoT) technologies, and a growing demand for digital services. There is also a heightened focus on data security and transaction authentication, alongside stricter regulatory compliance, which is accelerating MFA adoption in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global BFSI contact center analytics market size was valued at USD 458.2 million in 2024 and is projected to grow at a CAGR of 19.1% from 2025 to 2030.

The global travel insurance market size was estimated at USD 27.05 billion in 2024 and is projected to grow at a CAGR of 15.4% from 2025 to 2030.

Key Companies & Market Share Insights:

Leading companies in the MFA market are pursuing both organic and inorganic strategies, such as new product launches, acquisitions, and collaborations, to strengthen their global presence and market share. For example, in February 2023, Microsoft introduced a “Number Matching” feature in its Authenticator app to mitigate MFA fatigue attacks. These attacks involve hackers using social engineering tactics to repeatedly prompt authentication requests in an attempt to wear down the user and gain unauthorized account access. Microsoft enabled this new feature for Microsoft Azure users starting in May 2023, adding an extra layer of security against such tactics.

By innovating and enhancing their products, companies in the MFA industry aim to provide more resilient and user-friendly solutions, which are critical for sustaining long-term market growth in an increasingly digitalized world.

Key Multi-factor Authentication Companies:

Vasco Data Security International, Inc.

RSA Security LLC

Fujitsu America, Inc.

NEC Corporation

Symantec Corporation

Thales

aPersona, Inc.

CA Technologies.

Safran S.A.

Order a free sample PDF of the Multi-factor Authentication Market Intelligence Study, published by Grand View Research.

#Multi-factor Authentication Market Size #Multi-factor Authentication Industry Trend

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researchreportinsight · 12 hours ago

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Multi-factor Authentication Industry 2030 Size Outlook, Growth Insight, Share, Trends

Gather more insights about the market drivers, restrains and growth of the Multi-factor Authentication Market

Regional Insights:

North America Multi-factor Authentication Market Trends

Asia Pacific Multi-factor Authentication Market Trends

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global BFSI contact center analytics market size was valued at USD 458.2 million in 2024 and is projected to grow at a CAGR of 19.1% from 2025 to 2030.

The global travel insurance market size was estimated at USD 27.05 billion in 2024 and is projected to grow at a CAGR of 15.4% from 2025 to 2030.

Key Companies & Market Share Insights:

Key Multi-factor Authentication Companies:

Vasco Data Security International, Inc.

RSA Security LLC

Fujitsu America, Inc.

NEC Corporation

Symantec Corporation

Thales

aPersona, Inc.

CA Technologies.

Safran S.A.

Order a free sample PDF of the Multi-factor Authentication Market Intelligence Study, published by Grand View Research.

#Multi-factor Authentication Market Size #Multi-factor Authentication Industry Trend

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sapana22 · 1 day ago

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Project Portfolio Management Market Research Report: In-depth Analysis and Market Intelligence

Project Portfolio Management Market Report: Share by Segments, Companies & Statistical Insights till 2031

The Global Project Portfolio Management Market Report offers an extensive examination of market dynamics, competitive landscapes, and regional growth patterns. Designed for industry professionals, this report provides businesses with the essential insights to identify growth opportunities, manage risks, and formulate competitive strategies in a dynamic marketplace. This research document offers comprehensive industry overviews, growth analyses, and both historical and projected data on costs, revenues, supply, and demand. Market analysts conduct a thorough examination of the value chain and distribution networks. Various analytical tools, including SWOT analysis, Porter’s Five Forces, and feasibility studies, are utilized to evaluate competitive dynamics, identify entry barriers, and uncover opportunities, providing stakeholders with valuable strategic insights into current and future market trends.

According to Straits Research, the global Project Portfolio Management Market size was valued at USD 5.09 Billion in 2022. It is projected to grow from USD XX Billion in 2023 to USD 7.18 Billion by 2031, with a projected CAGR of 3.9% over the forecast period (2023–2031).

Request a Free Sample (Free Executive Summary at Full Report Starting from USD 1850): https://straitsresearch.com/report/project-portfolio-management-market/request-sample

Key Features of the Project Portfolio Management Market Report

1. In-Depth Market Analysis

A thorough exploration of market trends, growth drivers, challenges, and constraints.

Historical and projected data for market size, revenue, supply, and demand across major segments and regions.

2. Segmental Analysis

By Deployment Type

Cloud

On-premise

By Type

Solution

Services

By End-User Verticals

IT and Telecom

Healthcare and Life Sciences

Manufacturing

Construction

Retail and Consumer Goods

BFSI

Other End-user Verticals

Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/project-portfolio-management-market/segmentation

3. Competitive Landscape

Comprehensive profiles of leading companies, including financial metrics, market share, and strategic developments.

Competitive insights through analyses such as SWOT and Porter’s Five Forces, which examine market positioning and potential growth opportunities.

Oracle Corporation

ServiceNow Inc.

Atlassian Corporation PLC

Microsoft Corporation

Asana Inc.

SAP SE

Monday.com

Planview Inc. (Changepoint)

Workday Inc.

Smartsheet Inc.

Upland Software, Inc.

4. Regional Growth Insights

In-depth examination of regional and country-level markets, assessing historical and future trends, sales volumes, and growth rates across various geographies.

North America: United States, Canada

Europe: United Kingdom, Germany, France, Italy

Asia-Pacific: China, India, Japan, Southeast Asia

Latin America: Brazil, Mexico

Middle East & Africa

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5. Strategic Benefits of the Report

Strategic Decision-Making: Leverage data to make informed decisions, uncovering opportunities for growth and innovation.

Expansion Planning: Formulate effective strategies for expanding across diverse market segments and geographic locations.

Benchmarking: Compare against competitors’ performance to identify strengths, areas for improvement, and gain a competitive edge.

Cost-Efficiency: Access valuable insights and extensive analysis without the expense of independent research.

Why Purchase This Report?

Comprehensive Data Access: Gain insights into market dynamics, consumer behavior, and industry trends that save time and provide a competitive advantage.

Enhanced Credibility: Rely on the accuracy and reliability of data researched and verified by industry professionals.

Cost-Effective Resource: Access a wealth of information for strategic planning at a fraction of the cost of independent research.

Table of Contents for the Project Portfolio Management Market Report: https://straitsresearch.com/report/project-portfolio-management-market/toc

Research Methodology

Straits Research employs a rigorous methodology combining top-down and bottom-up approaches. Data triangulation ensures accuracy in estimating market size and forecasts. Extensive primary research with industry stakeholders further validates market figures and trends.

About Straits Research

Straits Research is a global provider of high-quality market research, analytics, and advisory services. With a dedicated team of expert analysts, we deliver actionable data and insights to support informed business decisions. Our customized approach allows us to cater to each client’s specific needs, ensuring the most relevant and valuable market intelligence.

Email: [email protected]

Address: 825 3rd Avenue, New York, NY, USA, 10022

Phone: +1 646 905 0080 (U.S.), +91 8087085354 (India), +44 203 695 0070 (U.K.)

#Project Portfolio Management Market #Project Portfolio Management Market Industry #Project Portfolio Management Market Share #Project Portfolio Management Market Size #Project Portfolio Management Market Trends #Project Portfolio Management Market Regional Analysis #Project Portfolio Management Market Growth Rate

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marketanalysisdata · 3 days ago

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Field Service Management Industry 2030 Driving Factors, Future Trends, Size & Key Vendors

The global field service management market was valued at USD 4.43 billion in 2022 and is projected to grow significantly, with a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030. This growth is primarily due to the increasing number of field operations across various end-use industries, including telecommunications, oil and gas, construction, and energy and utilities. Additionally, small and medium enterprises (SMEs) are rapidly adopting FSM solutions to streamline operations, which is expected to further drive market growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Field Service Management Market

End-use Segmentation Insights:

The demand for FSM solutions is anticipated to rise as industries like energy and utilities, telecommunications, manufacturing, healthcare, banking, financial services, and insurance (BFSI), construction and real estate, transportation and logistics, retail and wholesale, and others continue to expand.

The telecommunications sector held the largest revenue share, accounting for 30.8% of the FSM market in 2022, and is projected to grow at the fastest rate, with a CAGR of 15.4% over the forecast period. This growth is driven by the increasing adoption of 5G technology, the rising complexity of telecom networks, and the need for improved customer service. Many telecom providers are turning to cloud-based FSM solutions for their scalability, flexibility, and cost-efficiency, which enables them to manage vast networks more effectively and enhance customer satisfaction.

The manufacturing industry is also expected to see substantial growth, with a projected CAGR of 14.6% during the forecast period. Manufacturers are increasingly using FSM solutions to oversee the installation and maintenance of equipment, manage repairs, and monitor inventory for spare parts. These solutions help minimize machine downtime and enable companies to integrate Industry 4.0 technologies, which provide real-time insights to enhance operational efficiency and optimize productivity.

The healthcare sector is forecasted to experience significant growth due to increased competition in developing markets, where FSM solutions play a critical role in reducing supply chain management costs. FSM tools streamline processes, such as managing medical equipment repairs and handling logistics, which are crucial in regions with growing healthcare infrastructure needs.

In 2022, the energy and utilities sector held a substantial market share due to the rising need for business process automation in power plants and related facilities. These organizations face continual pressure to improve productivity and enhance operational capabilities, making FSM solutions essential for automating maintenance schedules, managing field technicians, and ensuring compliance with safety standards.

The construction and real estate industries are also expected to grow over the forecast period, particularly in rapidly industrializing countries like India and China, where the population and urbanization are expanding. These sectors deploy FSM solutions to monitor construction site activities, coordinate teams, and manage resources effectively. As the construction industry grows, the need for FSM software to track project timelines, enhance team coordination, and reduce operational inefficiencies is also increasing.

Overall, the increasing adoption of FSM solutions across these industries reflects a broader trend towards digital transformation, as companies seek to improve operational efficiency, enhance customer satisfaction, and reduce costs through advanced field service management tools.

Order a free sample PDF of the Field Service Management Market Intelligence Study, published by Grand View Research.

#Field Service Management Market Trends #Field Service Management Market Growth

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marketstudyreport · 3 days ago

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Field Service Management Market Segments by Application 2030

Gather more insights about the market drivers, restrains and growth of the Field Service Management Market

End-use Segmentation Insights:

Order a free sample PDF of the Field Service Management Market Intelligence Study, published by Grand View Research.

#Field Service Management Market Trends #Field Service Management Market Growth

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bfsi-solutions · 7 days ago

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Revolutionizing the BFSI Landscape with Advanced Technology Solutions by Celebal Technologies

The Banking, Financial Services, and Insurance (BFSI) industry stands at the forefront of immense digital transformation, yet also faces daunting challenges. From evolving regulatory demands and the constant threat of cyberattacks to outdated legacy systems, BFSI institutions face a complex landscape. Meanwhile, customer expectations continue to shift, spurred by agile fintech startups and the rapid digitalization of everyday services. For these organizations, the need to manage vast data reserves, ensure compliance, and maintain security is paramount.

Amidst these challenges, Celebal Technologies emerges as a trusted partner, empowering BFSI institutions to harness the potential of digital transformation. By implementing banking technology solutions such as Artificial Intelligence (AI), Machine Learning (ML), Data Analytics, and Automation, Celebal enables these organizations to enhance efficiency, boost customer engagement, and improve security. With a comprehensive approach to innovation, Celebal's offerings redefine the financial landscape, enabling financial institutions to stay competitive and agile in today’s rapidly evolving market.

Why Cloud Adoption is Essential for Banking and Financial Services

In a world where agility and scalability are non-negotiable, cloud adoption offers a solution that can evolve alongside the demands of the banking and finance industry. Cloud platforms facilitate seamless data sharing, enhanced cybersecurity, and operational flexibility, making them essential for growth in the BFSI sector. Celebal Technologies leverages cloud infrastructure to help institutions overcome the limitations of legacy systems, enabling scalability, advanced security, and rapid data access to enhance both customer and employee experiences.

The Future of Banking: Navigating Transformative Shifts

Several significant trends are transforming the BFSI sector and redefining traditional business models. These include:

Data Explosion: As data volume increases, BFSI organizations must manage and extract insights to remain competitive.

Alternative Business Models: Emerging models challenge established frameworks, requiring banks to innovate.

New Startups and Fintech Competition: Fintech companies are disrupting the industry with technology-driven solutions, pushing traditional BFSI organizations to evolve rapidly.

Shifting Customer Expectations: Today’s customers demand fast, personalized, and secure digital experiences.

To address these evolving demands, Celebal Technologies offers an array of banking IT services that empower BFSI institutions to embrace change and become leaders in the digital era.

Key BFSI Solution Areas by Celebal Technologies

Celebal Technologies specializes in providing BFSI solutions that align with the core needs of today’s banking and finance industry. By focusing on innovation, personalization, and risk management, Celebal’s solutions enhance the operational and strategic capabilities of BFSI institutions.

1. Banking Dashboards

Celebal’s Banking Dashboards are designed to improve decision-making by offering real-time reporting and tracking capabilities. By providing intelligent insights across departments, these dashboards enable financial institutions to streamline operations, identify growth opportunities, and make data-driven decisions, ensuring that organizations remain agile and competitive.

2. Enterprise BFSI Chatbots

Delivering an exceptional customer experience is critical for customer retention in the BFSI sector. Celebal’s multi-lingual AI-powered chatbots streamline customer interactions across various channels. Equipped with speech-to-text capabilities, these chatbots reduce operational costs and deliver personalized support, enhancing customer satisfaction and reinforcing brand loyalty.

3. Data Modernization

The ability to leverage data as a strategic asset is a game-changer in today’s digital age. Celebal’s data modernization services create a centralized data repository using Microsoft Azure, eliminating data silos and optimizing data management. This banking technology solution modernizes legacy systems, allowing financial institutions to harness their data for improved decision-making and service delivery.

4. Machine Learning for Enhanced Service Efficiency

Celebal offers a suite of Machine Learning applications tailored to the BFSI sector, such as automating insurance claims, reading cheques and invoices, and automating customer support. These solutions empower financial institutions to increase efficiency, reduce human error, and enhance customer interactions, thereby meeting evolving customer expectations in a cost-effective manner.

Embracing Generative AI in Modern Banking

Generative AI is transforming the BFSI sector, offering groundbreaking ways to enhance risk management, compliance, customer personalization, and employee productivity. Celebal Technologies has integrated Gen AI-powered banking IT services across critical areas:

Risk Management and Compliance: Celebal’s AI-driven risk management solutions help banks navigate regulatory requirements while minimizing operational risks, ensuring that they remain compliant and secure.

Core Systems Modernization: By modernizing core banking platforms, Celebal empowers institutions to process real-time transactions, enhance operational efficiency, and uncover new revenue streams.

Financial Crime Prevention: Celebal’s real-time generative AI solutions provide robust defenses against financial crime, reinforcing trust and maintaining high security standards.

Personalized Banking Experiences: By understanding customer preferences and behaviors, Celebal’s AI solutions enable banks to offer personalized services that build loyalty and trust.

Employee Empowerment: Celebal’s approach to technology integration focuses on enhancing productivity and creating a collaborative environment, enabling employees to maximize their potential in the AI-driven landscape.

Looking Forward: Unleashing BFSI Potential with Data and AI

The BFSI industry is evolving, with customer expectations, regulatory requirements, and technology innovation all playing a role in shaping its future. Celebal Technologies is committed to empowering financial institutions by delivering transformative BFSI solutions that address the industry's unique challenges. From risk management to personalized banking experiences, Celebal's expertise in banking technology solutions enables institutions to navigate the complexities of the digital era while staying competitive.

Book a 30-minute strategy session with Celebal Technologies’ experts at [email protected] to explore how our banking and financial services can elevate your enterprise’s capabilities.

#bfsi solutions #banking and finance industry #banking it services #banking technology solutions #banking and financial services

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industrynewsupdates · 7 days ago

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Enterprise Video Market Growth: Opportunities and Challenges

The global enterprise video market, valued at USD 16.39 billion in 2021, is projected to experience substantial growth, expanding at a compound annual growth rate (CAGR) of 13.8% from 2022 to 2030. This growth is largely driven by the increasing adoption of enterprise video solutions across organizations, particularly to enhance collaboration among their global workforces. As businesses continue to expand internationally, the need for efficient communication and collaboration tools has become essential. Enterprise video platforms have emerged as a critical tool to bridge geographical gaps, enabling real-time and asynchronous communication among team members across different locations.

In addition to improving internal collaboration, enterprise video solutions have also become a core component of content marketing strategies for many companies. Video content has proven to be an effective way to engage customers, promote products and services, and communicate a company’s brand message. With the rise of digital marketing, more companies are focusing on leveraging video to reach broader audiences and create more personalized experiences. This has led to an increased demand for high-quality video streaming services and robust infrastructure that can handle large volumes of video traffic efficiently.

Gather more insights about the market drivers, restrains and growth of the Enterprise Video Market

Service Insights

The professional services segment held the largest share of the enterprise video market, accounting for over 47% of the revenue in 2021. This is due to the critical role that expert services play in helping organizations troubleshoot, integrate, and manage enterprise video solutions effectively. Professional services provide businesses with the expertise needed to implement video solutions that align with their specific needs and business objectives. Additionally, these services help organizations address and resolve security issues, ensuring that the video solutions meet the necessary security standards for protecting sensitive company data.

One of the key benefits of professional services is that they help optimize the utilization of resources, reduce administrative overhead, and improve overall profitability. By leveraging expert services, organizations can streamline their video solution deployment, minimize operational disruptions, and ensure that resources are being used efficiently. Furthermore, professional services assist in enhancing collaboration across teams, improving knowledge management, and supporting better planning and decision-making processes, all of which contribute to a more productive and effective use of enterprise video solutions.

On the other hand, the managed services segment is expected to grow at a rapid pace, with a projected CAGR of 16.5% through 2030. This growth is driven by the increasing demand for remote monitoring and cost-effective IT infrastructure management, particularly through subscription-based pricing models. Managed services provide businesses with outsourced support for their video platforms, enabling them to focus on core operations while leaving the management and maintenance of their video infrastructure to third-party experts.

One of the main factors driving the demand for managed services is the growing popularity of cloud-based solutions. As enterprise video solutions become more complex and integrated with other business systems, organizations are seeking managed services that offer scalability, flexibility, and security. The BFSI (Banking, Financial Services, and Insurance) sector, in particular, is facing increasing challenges related to data security, and this has significantly boosted the demand for managed services in this sector. Financial institutions require high levels of security and compliance to protect sensitive financial data, making managed services an attractive option for managing enterprise video platforms securely and efficiently.

In addition to the BFSI sector, the increasing preference for cloud-based managed services across various industries is further stimulating the growth of this segment. Cloud-managed services offer the advantages of scalability, remote access, and reduced upfront capital costs, which are attractive to businesses seeking cost-effective IT solutions. As more companies migrate to the cloud, the need for managed services to support their video streaming and collaboration efforts will continue to grow.

Order a free sample PDF of the Enterprise Video Market Intelligence Study, published by Grand View Research.

#Enterprise Video Market #Enterprise Video Market Analysis #Enterprise Video Market Report #Enterprise Video Industry

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globalindustrytrends · 7 days ago

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Saudi Data Center Market Surges with a 9.7% CAGR – What’s Driving the Growth?

The Saudi Arabian data center server market is projected to earn $784.1 million in 2024 and grow to $1,368.0 million by 2030, with a CAGR of 9.7% from 2024 to 2030. This growth is primarily fueled by expanding global digital clouds, the rising integration of AI and machine learning, increasing digitalization, and the widespread adoption of 5G technology.

Technology and ICT advancements, especially affordable and faster internet, have boosted internet usage in Saudi Arabia. Digital payments and social media are also seeing higher adoption rates, reflecting a shift towards digital lifestyles.

The global data interconnection is further strengthened by numerous internet exchange points worldwide, which enhance data center connectivity. This interconnectedness highlights the critical role of data centers in daily life and the need for improved data security. Enhanced server technologies are being introduced to increase efficiency in data read and write processes.

According to Ericsson, the average mobile data traffic per smartphone in 2023 is 21 GB and is expected to reach 56 GB by 2029. Since the launch of 5G in Saudi Arabia in 2020, the number of cities and provinces with 5G has grown to 51, indicating a rapid adoption of this technology.

Key Insights

Rack Servers: Leading the market with a 45% share in 2024, rack servers are ideal for high-tech applications, featuring internal fans for better airflow and easy maintenance. They are compact, cost-effective, and suitable for small setups needing multiple servers.

Tower Servers: The tower category is the fastest-growing, with a projected CAGR of 10.0%. These servers offer cost-effective solutions for businesses of all sizes, with easy upgrades, fast cooling, and fewer overheating concerns.

BFSI Sector: This sector holds the largest share, at 35% in 2024. Its growth is supported by the increased use of cloud-based solutions, enhancing scalability and security, especially for managing sensitive financial data.

Healthcare Sector: With a CAGR of 10.3%, healthcare is the fastest-growing sector. The rise of wearables and smart devices has driven the demand for secure data storage solutions.

Regional Market: Riyadh leads with a 40% share of the data center server market, housing 14 of the country’s 24 data centers, while Dammam follows, supporting significant data infrastructure.

#Data Center Server #Saudi Arabia #Technology #Research #Trends #smart devices

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nikitasocial · 8 days ago

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strjackst · 8 days ago

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Container and Kubernetes Security Market Report, Market Size, Share, Trends, Analysis By Forecast Period

The 2024 Container and Kubernetes Security Market Report offers a comprehensive overview of the Container and Kubernetes Security Market industry, summarizing key findings on market size, growth projections, and major trends. It includes segmentation by region, by type, by product with targeted analysis for strategic guidance. The report also evaluates industry dynamics, highlighting growth drivers, challenges, and opportunities. Key stakeholders will benefit from the SWOT and PESTLE analyses, which provide insights into competitive strengths, vulnerabilities, opportunities, and threats across regions and industry segments.

According to Straits Research, the global Container and Kubernetes Security Market size was valued at USD 1510.01 Million in 2023. It is projected to reach from USD 1907.14 Million in 2024 to USD 12348.3 Million by 2032, growing at a CAGR of 26.3% during the forecast period (2024–2032).

New Features in the 2024 Report:

Expanded Industry Overview: A more detailed and comprehensive examination of the industry.

In-Depth Company Profiles: Enhanced profiles offering extensive information on key market players.

Customized Reports and Analyst Assistance: Tailored reports and direct access to analyst support are available on request.

Container and Kubernetes Security Market Insights: Analysis of the latest market developments and upcoming growth opportunities.

Regional and Country-Specific Reports: Personalized reports focused on specific regions and countries to meet your unique requirements.

Detailed Table of Content of Container and Kubernetes Security Market report: @ https://straitsresearch.com/report/container-and-kubernetes-security-market/toc

Report Structure

Economic Impact: Analysis of the economic effects on the industry.

Production and Opportunities: Examination of production processes, business opportunities, and potential.

Trends and Technologies: Overview of emerging trends, new technologies, and key industry players.

Cost and Market Analysis: Insights into manufacturing costs, marketing strategies, regional market shares, and market segmentation by type and application.

Request a free request sample (Full Report Starting from USD 995) : https://straitsresearch.com/report/container-and-kubernetes-security-market/request-sample

Regional Analysis for Container and Kubernetes Security Market:

North America: The leading region in the Container and Kubernetes Security Market, driven by technological advancements, high consumer adoption rates, and favorable regulatory conditions. The United States and Canada are the main contributors to the region's robust growth.

Europe: Experiencing steady growth in the Container and Kubernetes Security Market, supported by stringent regulations, a strong focus on sustainability, and increased R&D investments. Key countries driving this growth include Germany, France, the United Kingdom, and Italy.

Asia-Pacific: The fastest-growing regional market, with significant growth due to rapid industrialization, urbanization, and a rising middle class. China, India, Japan, and South Korea are pivotal markets fueling this expansion.

Latin America, Middle East, and Africa: Emerging as growth regions for the Container and Kubernetes Security Market, with increasing demand driven by economic development and improved infrastructure. Key countries include Brazil and Mexico in Latin America, Saudi Arabia, the UAE, and South Africa in the Middle East and Africa.

Top Key Players of Container and Kubernetes Security Market :

Alert Logic

Aqua Security

Capsule8

CloudPassage

NeuVector

Qualys

Trend Micro

Twistlock

StackRox

Sysdig

Container and Kubernetes Security Market Segmentations:

By Product

Cloud

On-Premises

By Component

Container Security Platform

Services

By Organizational Size

Small and Medium Enterprises

Large Enterprises

By Industry Vertical

BFSI

Retail and Consumer Goods

Healthcare and Life Science

Manufacturing

IT and Telecommunication

Government and Public Sector

Others

Get Detail Market Segmentation @ https://straitsresearch.com/report/container-and-kubernetes-security-market/segmentation

FAQs answered in Container and Kubernetes Security Market Research Report

What recent brand-building initiatives have key players undertaken to enhance customer value in the Container and Kubernetes Security Market?

Which companies have broadened their focus by engaging in long-term societal initiatives?

Which firms have successfully navigated the challenges of the pandemic, and what strategies have they adopted to remain resilient?

What are the global trends in the Container and Kubernetes Security Market, and will demand increase or decrease in the coming years?

Where will strategic developments lead the industry in the mid to long term?

What factors influence the final price of Absorption Cooling Devices, and what raw materials are used in their manufacturing?

How significant is the growth opportunity for the Container and Kubernetes Security Market, and how will increasing adoption in mining affect the market's growth rate?

What recent industry trends can be leveraged to create additional revenue streams?

Scope

Impact of COVID-19: This section analyzes both the immediate and long-term effects of COVID-19 on the industry, offering insights into the current situation and future implications.

Industry Chain Analysis: Explores how the pandemic has disrupted the industry chain, with a focus on changes in marketing channels and supply chain dynamics.

Impact of the Middle East Crisis: Assesses the impact of the ongoing Middle East crisis on the market, examining its influence on industry stability, supply chains, and market trends.

This Report is available for purchase on @ https://straitsresearch.com/buy-now/container-and-kubernetes-security-market

About Us:

Straits Research is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Email: [email protected]

Address: 825 3rd Avenue, New York, NY, USA, 10022

Tel: +1 646 905 0080 (U.S.) +91 8087085354 (India) +44 203 695 0070 (U.K.)

#Container and Kubernetes Security Market #Container and Kubernetes Security Market Share #Container and Kubernetes Security Market Size #Container and Kubernetes Security Market Research #Container and Kubernetes Security Industry

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strangemusictriumph · 2 years ago

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UV LED Market - Forecast (2022 - 2027)

The market for UV LED is forecast to reach $1.2 billion by 2026, growing at a CAGR of 20.3% from 2021 to 2026. The UV LED Market is estimated to witness a sustainable growth over the forecast period majorly because of the environment friendly features for use in various applications. Rise in Environmental concerns is one of the major driving factors of UV LED Market in global level. Moreover, with the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of UV LEDs.

Ultraviolet light occurs between the visible and x-ray spectrums. The Ultraviolet wavelength range is specified between 100 nm to 400 nm which categorizes UV LEDs into three different types. However, many photoelectric manufacturers also consider wavelengths as high as 430 nm to be in the UV range. The replacement of CCFL with LEDs made of Silicon Carbide, Gallium Nitride and other materials will drive the demand in UV Curing and medical phototherapy applications.

UV LED Market Report Coverage

The report: “UV LED Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the UV LED Market.

By Type – Ultraviolet A (UV-A), Ultraviolet B (UV-B) and Ultraviolet C (UV-C). By Wavelength Range – 430nm-315 nm (UV-A), 315nm-280 nm (UV-B) and 280nm-100 nm (UV-C). By Material – Indium gallium nitride (InGaN), Aluminium gallium indium phosphide (AlGaInP), Aluminium gallium arsenide (AlGaAs), Gallium phosphide (GaP), Silicon Carbide (SiC), Gallium Nitride (GaN) and Others. By Applications – UV Curing, Adhesive Coating, Lacquer Coating, Sterilization, Forensic Application, In-Line Coating, Counterfeit Detection, Sensing and Others. By End-Use Industries – Healthcare, Research, Industrial, Residential, BFSI, Security and Others. By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

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Key Takeaways

The UV LED Market is estimated to witness a sustainable growth over the forecast period because of the rising environmental concerns for adopting eco-friendly lighting systems at various industries.

The other factor responsible for the growth of UV LED Market are the various environmental friendly features it offers to the sterilization industry and different disinfection processes such as of water, air and different surfaces.

In addition, increasing safety concerns over water-borne diseases have brought an increase in people's awareness of consuming treated water. The growing awareness of the benefits of treated water consumption has impacted the applications UV LED that tend to propel its market growth.

The scope for a UV LED is becoming abundant in sterilization applications, as it is being proved to be one of the cheapest way to provide safe drinking water across the globe. This safety benefits are expected to enhance the demand of UV LEDs in global market further uplifting its market growth.

UV LED Market Segment Analysis - By Type

Ultraviolet C (UV-C) has dominated the UV LED Market with a share of 46.5% in 2020. In general, UV-C LEDs have wavelength range of 275 nm (280-100 nm) and they are available in different power levels and styles. Offering different operations in various industries, UV-C is available in different light sources such as single, chip-on-board and strip module of different specifications. Longer strip lengths with higher outputs is one of the widely used type. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades. Improvements in UV-LED flux density, stability and life hours have made UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps. UV LEDs are more environment friendly as they do not contain harmful mercury, they do not produce ozone and consume less energy as well. These major advantages uplift the demand of UV LEDs, particularly using Silicon Carbide and Gallium Nitride materials which is expected to propel its market growth in forecast period. UV-C LED usage is rapidly growing in applications such as germicidal (UVGI) for air, surface and water purification.

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UV LED Market Segment Analysis - By End Use Industry

UV LEDs are widely used for different Healthcare and Sterilization applications and are projected to grow at a CAGR of 23.4%. UV LED Curing uses light-emitting diodes which convert electrical current into light. When the electrical current flows through an LED, it gives off ultraviolet radiation. The ultraviolet light causes chemical reactions in the molecules within the liquid, forming chains of polymers until the liquid becomes a solid. This process is a new technology which was designed to provide solutions to many of the issues found in traditional UV curing and heat-set drying. UV LED curing offers all the benefits of traditional curing, and also provides solutions to the negative environmental impact. This new technology reduces heat radiation and offers instant on-and-off switching. UV LED curing also does not require the use of moving parts which further reduces the amount of energy required. All these advantages tend to boost its demand in Healthcare and Purification industries which uplift its market growth.

UV LED Market Segment Analysis - By Geography

Asia-Pacific accounts for being the highest market at 34.6% in 2020. The market growth in this region is predominantly rising due to leading economies such as China, India, Japan and Others. As Asia-Pacific region holds the largest population and is covered by largest ocean, the demand for freshwater has been high at different industrial as well as residential sectors. Thus, the demand for water sterilization and purification processes is of great extent. This demand enhances the market growth of UV LED in this region. According to World Bank Reports, investments done in water and sanitation in Asia-Pacific region is highest and has been increasing rapidly from $50M to $910M in recent years. These tend to propel the market growth of UV LEDs using Silicon Carbide and Gallium Nitride materials in forecast period as freshwater demand will always be high. Asia-Pacific is closely followed by North America in the UV LED Market growth due to presence of major market players in this region which provides technology upgrades in UV LEDs.

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UV LED Market Drivers

Rise in Environmental concerns drives market growth

With the rising Environmental concerns at global level, the adoption of UV LEDS for various applications in different industries tend to drive its market growth. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades. Improvements in UV-LED flux density, stability and life hours have made UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps. With the rising Environmental concerns, the adoption of UV LEDs came into play. UV LEDs are more environment friendly as they do not contain harmful mercury, they do not produce ozone and consume less energy as well. These major advantages uplift the demand of UV LEDs which is expected to propel its market growth in forecast period. UV-C LEDs is rapidly growing in applications such as germicidal (UVGI) for air, surface and water purification. UV LED curing provides solutions to the negative environmental impact as it offers improved flux density, stability and long-life hours which makes UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps which drives its market growth in the forecast period.

UV LEDs offers compactness and long durability

UV LEDs do not contain toxic mercury and are often found in CCFL technology. They are much smaller and more durable than CCFLs and are more resistant to vibration and impact, resulting in less product breakage and reduced waste and maintenance expense as well. These advantages tend to drive its market growth in forecast period. The overall heat generated by the UV LEDs is considerably low. The UV LED lamps based on Silicon Carbide and Gallium Nitride materials reaches a maximum of 40 degree Celsius, whereas mercury lamps heat up to more than 60 degree Celsius. Low-pressure germicidal lamps which are traditionally used in these applications are typically associated with lifetime claims of 8000 to 10,000 hours. As a solid-state device, UV-C LEDs can be cycled on/off tens of thousands of times with little or no observable difference or degradation in performance. UV-C LEDs also offer a near-instant capability to provide full rated output, requiring no warmup time which makes it available for 25,000 to 100,000 hours. These advantages tend to drive its market growth in global market.

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UV LED Market Challenges

High Installation Cost

One of the major challenges faced by UV LED Market globally is the high installation cost. UV LEDs are comparatively costlier than other alternatives. This tend to restrain its demand of UV LEDs thus bringing major challenge in its market growth. Several other challenges have been expected to hinder the market growth by hampering the adoption of UV LEDs using Silicon Carbide and Gallium Nitride materials, specifically for those in the UV-B (280nm – 315nm) and UV-C (100nm-280nm) spectral regions. LED manufacturers are struggling to improve the light output and efficiency while at the same time increases the reliability and useable life of the LED. Improvements are being made, but this has brought an exponential rise in the overall cost of these UV LEDs. This brings a major challenge in the market growth of UV LEDs in forecast period.

UV LED Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the UV LED Market. The UV LED Market is dominated by major companies such as Lumileds Holding BV, Nordson Corporation, Seoul Viosys Co.Ltd., Honle UV America Inc., LG Innotek Co. Ltd, Halma Plc, Heraeus Holding Gmbh, Hnle Group, OSRAM, Koninklijke Philips N.V., Crystal IS, Sensor Electronic Technology, Phoseon Technology.

Acquisitions/Technology Launches/Partnerships

In January 2021, Sensor Electronic Technology (SETi) and Seoul Viosys, the leading global providers of UV LED technology and subsidiaries of Seoul Semiconductor, partnered together to launch their new Violeds technology that can quickly and effectively kill 99.437% of SARS-CoV-2 in less than one second. The testing was conducted in December 2020 through KR Biotech, a South Korea-based research institute specializing in sterilization testing of the new coronavirus.

In January 2021, OSRAM launched their new portable UV-C air purifier that fight against viruses and bacteria in this pandemic situation of Covid-19. The invisible, ultraviolet light destroys viruses and bacteria with a reliability of 99.9 percent.

For more Electronics Market reports, please click here

#UV LED Market #UV LED Market price #UV LED Market share #UV LED Market trends #UV LED #LED #UV #uv light

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latestmarketresearchnews · 5 days ago

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Identity And Access Management Industry Development Trends Report By 2030

In 2022, the global identity and access management (IAM) market was valued at USD 15.93 billion, and it is projected to grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. IAM solutions help organizations control and manage who has access to resources, ensuring that each employee and role within a company has appropriate permissions to perform their duties effectively. By implementing IAM systems, businesses can streamline the process of managing applications for employees, avoiding the need for administrators to individually log in to each app. The increasing integration of IoT, AI advancements, greater awareness of regulatory compliance, and widespread adoption of cloud technologies are key factors expected to fuel the growth of IAM over the forecast period.

With the rise in cybercrime and fraudulent activities, the need for secure and efficient IAM solutions has become more urgent. As organizations adopt cloud computing and embrace new technologies, IAM solutions are evolving to meet the demand for enhanced security. IAM systems use identity analytics and intelligence to monitor and flag unusual user account activities. These systems can identify and remove inactive accounts, detect any violations of company policies, and revoke access rights that are inappropriate for a user’s role. In this way, IAM solutions address enterprise security concerns and mitigate risks associated with unauthorized access.

The centralization that IAM provides is another driver for adoption. With IAM, companies can administer access rights across applications and manage authentication processes more efficiently, making tasks like signing up, signing in, and managing user credentials more streamlined for employees. This system of centralized control reduces costs associated with application management, as it provides reliable connectivity, standardizes processes, and implements user policies. IAM also ensures consistent identity verification and access protocols, enhancing user trust and reliability.

Gather more insights about the market drivers, restrains and growth of the Identity And Access Management Market

An important development in IAM is its integration with mobile device management (MDM) solutions. MDM enables companies to manage and control user access on mobile devices, which is crucial as employees increasingly rely on smartphones and tablets for work. MDM and IAM work together to enhance security across devices and safeguard user information. MDM can provision applications securely, complementing IAM’s authentication processes, so organizations maintain full control over device access while protecting data integrity. This synergy between IAM and MDM is critical, as it extends the security and control offered by IAM to mobile devices and supports the increased mobility needs of modern workplaces.

End-use Segmentation Insights:

IAM solutions serve a range of industries, including BFSI (banking, financial services, and insurance); energy, oil & gas; telecom & IT; education; healthcare; public sector & utilities; manufacturing; and others. In 2022, the public sector and utilities segment held the largest revenue share, accounting for over 25% of the market. This segment’s growth is driven by increased digitalization efforts within the public sector, substantial investments in digital applications, and the management of large amounts of public data. As public entities adopt digital processes, they require IAM solutions to ensure secure access to sensitive data, making IAM critical in safeguarding public sector information systems.

The BFSI segment is expected to witness the fastest growth over the forecast period. As online transactions, e-wallets, and digital banking become increasingly popular, the BFSI industry is adopting IAM solutions to secure access rights, minimize security risks, and comply with regulatory standards. IAM provides this sector with the ability to authenticate users, control access to financial data, and protect customers from fraud. As financial services become more digitally driven, IAM systems help safeguard sensitive data and manage risks associated with unauthorized access to financial resources.

Other sectors, including manufacturing, education, IT & telecom, retail & consumer packaged goods, and energy & utilities, are also expected to experience significant growth in IAM adoption. For instance, the manufacturing sector uses IAM to control access to proprietary data and manage IoT-enabled equipment securely. The education sector benefits from IAM by managing secure access to educational resources and student data, while IT & telecom companies rely on IAM to control data access across complex, large-scale infrastructures. Similarly, energy and utility companies adopt IAM to safeguard critical infrastructure, managing employee access and monitoring systems to prevent unauthorized access.

In summary, the IAM market is growing rapidly as organizations across industries increasingly rely on IAM to protect data, ensure regulatory compliance, and optimize access control. The integration of IAM with emerging technologies like AI, IoT, and cloud computing is enhancing the scope of IAM solutions, making them essential for secure digital transformation. Despite challenges such as high implementation costs and the complexity of integrating IAM with existing systems, the expanding need for data security, particularly in public and BFSI sectors, is expected to drive sustained growth in the IAM market.

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