#North America process automation market share
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Transforming Industries: The Rise of Process Automation in North America
Market Size and Growth Projection
The North America Process Automation Market is projected to grow from an estimated USD 39.52 billion in 2024 to USD 45.43 billion by 2029, achieving a compound annual growth rate (CAGR) of 2.83% during the forecast period.
Market Overview
The North America process automation industry is experiencing robust growth as organizations increasingly adopt automation solutions to enhance operational efficiency and reduce costs. With significant investments in technology across sectors such as manufacturing, oil and gas, and pharmaceuticals, the demand for advanced automation systems is on the rise. The region is known for its technological advancements and a strong emphasis on innovation, making it a key player in the global process automation market.
Key Trends
Integration of AI and IoT: The convergence of artificial intelligence (AI) and the Internet of Things (IoT) is revolutionizing process automation, enabling smarter decision-making and improved operational insights.
Focus on Sustainability: Companies are increasingly adopting automation solutions to enhance energy efficiency and reduce waste, aligning with sustainability goals and regulatory requirements.
Workforce Transformation: As automation technologies evolve, there is a growing emphasis on reskilling and upskilling the workforce to adapt to new tools and processes.
Cloud-Based Automation Solutions: The rise of cloud computing is facilitating scalable and flexible automation solutions, allowing businesses to optimize their operations without heavy upfront investments.
Cybersecurity Concerns: As automation systems become more interconnected, the focus on cybersecurity is intensifying, prompting companies to invest in robust security measures to protect their operations.
Challenges
Despite its growth potential, the North America process automation market faces challenges, including high initial investment costs and the complexity of integrating new systems with legacy infrastructure. Additionally, regulatory hurdles and the need for skilled labor to manage advanced automation technologies can hinder widespread adoption.
Conclusion
The North America process automation market is poised for steady growth, driven by technological advancements and an increasing focus on operational efficiency. While challenges exist, the ongoing integration of AI, IoT, and cloud solutions presents significant opportunities for businesses to enhance their processes. By embracing innovation and addressing potential obstacles, stakeholders can position themselves for success in this dynamic industry.
#North America process automation market#North America process automation market size#North America process automation market share#North America process automation market trends#North America process automation market growth#North America process automation industry overview
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Gene Synthesis Market Growth Outlook: Size, Revenue & Demand 2024-2032
The Gene Synthesis Market Revenue was valued at USD 2.28 billion in 2023 and is forecasted to achieve remarkable growth, reaching USD 9.64 billion by 2032. The market is expected to register a robust CAGR of 17.41% during the forecast period of 2024-2032. The increasing adoption of gene synthesis technologies in research, diagnostics, and therapeutic applications is a primary driver of this exponential growth.
Key Drivers of Market Growth
The burgeoning demand for synthetic genes in various fields such as biotechnology, pharmaceutical development, and personalized medicine has significantly propelled the gene synthesis market. Researchers and healthcare providers are leveraging advancements in gene synthesis technologies to accelerate drug discovery, develop precision therapies, and address complex genetic disorders.
Furthermore, the integration of cutting-edge technologies, such as artificial intelligence (AI) and machine learning (ML), into gene synthesis processes has enhanced accuracy, reduced production costs, and minimized turnaround times. Additionally, the rising adoption of CRISPR-based gene-editing tools is creating a synergistic effect, boosting the market's expansion.
Governments and private investors worldwide are increasing funding in genomics research and synthetic biology, further fueling the development of the gene synthesis market. As a result, the industry is experiencing heightened innovation and an influx of new market players.
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Regional Insights
North America currently holds a significant share of the gene synthesis market, attributed to its well-established healthcare infrastructure, increased R&D investments, and the presence of leading biotechnology firms. Meanwhile, the Asia-Pacific region is poised for rapid growth due to the increasing focus on genomics, rising healthcare expenditures, and supportive government initiatives aimed at fostering biotechnological advancements.
Market Outlook
The future of the gene synthesis market looks highly promising, with technological innovations driving the emergence of automated platforms, cloud-based solutions, and highly scalable synthesis processes. As the demand for personalized medicine and targeted therapies continues to rise, gene synthesis technologies will play an integral role in shaping the future of healthcare.
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#Gene Synthesis#Gene Synthesis Market#Gene Synthesis Market Size#Gene Synthesis Market Share#Gene Synthesis Market Growth#Market Research
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Understanding Managed Services Market: Trends and Growth Drivers
The global managed services market size is projected to reach USD 731.08 billion by 2030, according to a new study conducted by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 13.6% from 2023 to 2030. Strengthening profit margins, which cater efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the market. Benefits associated with managed services implementation, such as a significant reduction in IT operational expenses and increased organizational efficiency, are also anticipated to drive market growth.
Managed services help reduce recurring in-house IT expenditures by ensuring the IT infrastructure is running at optimal efficiency at all times while also automating business operations. This subsequently allows organizations to effectively achieve their business objectives, especially pertaining to strengthening the bottom line and increasing profitability. These initiatives also help various end-users, such as expert-led architectural design reviews, public sector, and government organizations to address unique digital transformation and accelerate cloud adoption.
For instance, in July 2023, MongoDB, Inc., a developer of the data platform, announced MongoDB Atlas for the public sector, an initiative that enables government agencies and public sector organizations to develop modern, data-driven applications that better serve end-users at MongoDB. local for government solutions platform. As part of the new initiative, public sector organizations can access tailored technology partnerships, expert-led architectural design reviews, and specific data to provide tailored technology training.
Gather more insights about the market drivers, restrains and growth of the Managed Services Market
Managed Services Market Report Highlights
• In terms of solution, the managed security segment is anticipated to register the fastest CAGR of 14.7% over the forecast period owing to the adoption of managed security services in end-use industries. This segment offers various benefits such as security monitoring & management, email threat management, restoral management & backups, and support & maintenance management, among others
• In terms of managed information services, the business support systems segment is anticipated to register the fastest CAGR of 14.2% from 2023 to 2030. The increasing adoption of business support system services such as business analysis, database integration, demand management service, and project management in end-use industries is anticipated to propel the growth of the segment over the forecast period
• In terms of deployment, the on-premise segment dominated the market in 2022 with a revenue share of 64.4%. Numerous organizations have adopted the on-premise mode of deployment as it does not require an internet connection and allows easy customization of software to suit the business process requirements of clients
• Based on enterprise size, the small & medium enterprises (SMEs) segment is anticipated to register the fastest CAGR of 14.3% from 2023 to 2030. Increasing government initiatives through various digital SME campaigns globally is expected to drive the growth of the SME segment over the forecast period
• In terms of end-use, the healthcare segment is anticipated to register the fastest CAGR of 14.7% over the forecast period. Several healthcare organizations are opting for managed services to protect patient data and secure monetary transactions, thereby contributing to the segment's growth
• In terms of region, North America held the largest market share in 2022 with a revenue share of over 30%. The rising number of multinational companies (MNCs) in North America bodes well for the regional market growth
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• The global voice communication control system market size was estimated at USD 4.26 billion in 2024 and is projected to grow at a CAGR of 6.9% from 2025 to 2030.
• The global mobile payment market size was valued at USD 88.50 billion in 2024 and is projected to grow at a CAGR of 38.0% from 2025 to 2030.
Managed Services Market Segmentation
Grand View Research has segmented the global managed services market report based on solution, managed information service (MIS), deployment, enterprise size, end use, and region:
Managed Services Solution Outlook (Revenue, USD Billion, 2018 - 2030)
• Managed IT Infrastructure & Data Center
o Server Management
o Storage Management
o Managed Print Services
o Others
• Managed Network
o Managed Wi-Fi
o Managed LAN
o Managed VPN
o Managed WAN
o Network Monitoring
o Others
• Managed Mobility
o Application Management
o Device Life Cycle Management
• Managed Communication & Collaboration
o Managed Voice over Internet Protocol (VoIP)
o Managed Unified Communications as a Service (UCaaS)
o Others
• Managed Information
o Managed Operational Support Systems/Business Support Systems (OSS/BSS)
o Business Process Management
• Managed Security
o Managed Firewall
o Managed Vulnerability Management
o Managed Risk & Compliance Management
o Managed Antivirus/Antimalware
o Managed Encryption
o Managed Unified Threat Management
o Managed Security Information & Event Management (SIEM)
o Managed Intrusion Detection Systems/Intrusion Prevention Systems (IDS/IPS)
o Others
• Managed Backup and Recovery
Managed Services Managed Information Service (MIS) Outlook (Revenue, USD Billion, 2018 - 2030)
• Business Process Outsourcing (BPO)
• Business Support Systems
• Project & Portfolio Management
• Others
Managed Services Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• On-premise
• Hosted
Managed Services Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
• Small & Medium Enterprises (SMEs)
• Large Enterprises
Managed Services End-use Outlook (Revenue, USD Billion, 2018 - 2030)
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Retail
• Others
Managed Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
• Asia Pacific
o Japan
o China
o India
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
• Middle East & Africa (MEA)
o United Arab Emirates (UAE)
o Saudi Arabia
o South Africa
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#Managed Services Market#Managed Services Market Analysis#Managed Services Market Size#Managed Services Market Share#Managed Services Market Report
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Cloud Robotics Market at USD 21.37 Billion & 20.58% CAGR, Key Growth Factor Analysis Forecast 2031
Cloud Robotics Market was valued at USD 4.89 billion in 2023 and is projected to grow from USD 5.77 billion in 2024 to USD 21.37 billion by 2031, exhibiting a CAGR of 20.58% during the forecast period.
List of Key Companies in Cloud Robotics Market:
CloudMinds Robotics
Google LLC
inVia Robotics, Inc.
Microsoft Corporation
V3 Smart Technologies
HIT Robot Group
IBM Corporation
ABB
C2RO
RAPYUTA ROBOTICS
Browse Full Report Details @ https://www.kingsresearch.com/cloud-robotics-market-952
Introduction
In an era defined by rapid technological advancements, the convergence of robotics and cloud computing is set to revolutionize industries across the globe. The Cloud Robotics Market is emerging as a pivotal force, enabling businesses to leverage the power of intelligent automation to drive efficiency, innovation, and competitiveness. According to a comprehensive report by Kings Research, the global Cloud Robotics Market is poised for substantial growth, with projections indicating a compound annual growth rate (CAGR) of [insert CAGR]% from 2023 to 2032. This press release delves into the key trends, drivers, and opportunities shaping the Cloud Robotics Market, underscoring its transformative impact on various sectors.
Understanding Cloud Robotics
Cloud robotics refers to the integration of cloud computing technology with robotics, enabling robots to leverage the vast computational power, storage, and data analytics capabilities of the cloud. This synergy allows robots to perform complex tasks, access real-time data, and collaborate seamlessly with other robots and systems. By offloading processing tasks to the cloud, robots can become more agile, intelligent, and adaptable, leading to enhanced operational efficiency and reduced costs.
Market Drivers
Increased Adoption of Industry 4.0 Practices
The global shift towards Industry 4.0, characterized by the integration of digital technologies into manufacturing and production processes, is a major driver for the Cloud Robotics Market. As industries strive to enhance automation, improve productivity, and reduce operational costs, the adoption of cloud robotics becomes a natural progression. Cloud-enabled robots can efficiently manage tasks such as predictive maintenance, quality control, and inventory management, thereby optimizing manufacturing processes.
Advancements in Artificial Intelligence and Machine Learning
Artificial intelligence (AI) and machine learning (ML) are at the core of cloud robotics, enabling robots to learn from vast datasets, make autonomous decisions, and adapt to changing environments. The continuous advancements in AI and ML algorithms are propelling the development of more sophisticated cloud robotics solutions. These technologies empower robots to perform tasks that were previously considered too complex or dangerous for automation, such as medical surgeries, disaster response, and precision agriculture.
Regional Insights:
The Cloud Robotics Market is witnessing robust growth across various regions, with North America, Europe, and Asia-Pacific leading the charge. North America, in particular, is a frontrunner in the adoption of cloud robotics, driven by the presence of key market players, advanced technological infrastructure, and a strong emphasis on innovation. The Asia-Pacific region is also experiencing rapid growth, fueled by the increasing industrialization, rising labor costs, and a growing focus on automation in countries such as China, Japan, and South Korea.
Key Players and Competitive Landscapes:
The Cloud Robotics Market is highly competitive, with several key players vying for market share. Companies such as Google Cloud, Amazon Web Services (AWS), Microsoft Azure, and IBM Cloud are at the forefront of providing cloud infrastructure and services for robotics applications. Additionally, robotics companies like FANUC, ABB, and KUKA are leveraging cloud technology to enhance their robotic solutions. Strategic partnerships, mergers and acquisitions, and continuous innovation are some of the strategies employed by these companies to stay ahead in the market.
Global Cloud Robotics Market is Segmented:
By Component
Hardware
Software
Services
By Service Model
Infrastructure-as-a-Service (IaaS)
Robotics-as-a-Service (RAAS) & Platform-as-a-Service (PAAS)
Robotics Application Software (RAS)
By Application
Automotive & Manufacturing
Military & Defense
Retail and Hospitality
Healthcare & Life Sciences
Transportation & Logistics
Future Outlook
The future of the Cloud Robotics Market is promising, with continued advancements in AI, ML, and cloud computing expected to drive innovation and growth. As more industries recognize the benefits of cloud-enabled robotics, the adoption rate is likely to increase, leading to the development of new applications and use cases. The integration of 5G technology is also expected to play a pivotal role in enhancing the capabilities of cloud robotics, enabling faster data transmission and real-time decision-making.
Conclusion
The Cloud Robotics Market is at the cusp of a transformative era, offering unprecedented opportunities for businesses to enhance their operations, reduce costs, and drive innovation. As industries continue to embrace the potential of cloud-enabled robots, the market is set to witness significant growth in the coming years. With key players investing in research and development, and the continued evolution of AI and cloud technologies, the future of cloud robotics looks incredibly promising.
Contact Us:
Kings Research
Website: https://www.kingsresearch.com
E-mail: [email protected]
Phone: (+1) 888 328 2189
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Immunoprotein Diagnostic Testing Market Analysis: Comprehensive Overview of Market Size, Share, Growth
The global immunoprotein diagnostic testing market size is estimated to reach USD 14.86 billion in 2030 and is projected to grow at a CAGR of 7.7% from 2024 to 2030. This growth can be attributed to the rising incidence of chronic diseases. According to American Heart Association’s 2017 statistics, nearly 790,000 people experience heart attack every year in the U.S. In addition, stroke is responsible for 1 in every 20 deaths in the U.S. Hence, WHO is also taking initiatives to reduce the risk of cardiovascular diseases. As a result of the aforementioned factors, the demand for immunoprotein diagnostics is expected to rise in order to facilitate rapid diagnosis.
Immunoprotein Diagnostic Testing Market Report Highlights
Infectious disease testing held largest market share in 2023 owing to the increasing prevalence of infectious diseases and high applications of immunoprotein tests
Enzyme-based immunoassays dominated the market in 2023 due to their frequent usage and availability of large number of products that possess this technology
Chemiluminescence assay is anticipated to witness highest growth over the forecast period due to its high sensitivity and specificity
North America dominated the market in 2023 due to rising prevalence of cancer & increase in mortality due to cancer-related diseases and favorable healthcare reimbursement scenario in the U.S.
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According to WHO, nearly 1.69 million deaths due to lung cancer were registered in 2015 throughout the world. Hence, fast and accurate diagnosis of such chronic diseases has become important to reduce the high mortality rate. Immunoprotein diagnostic devices and reagents have proved to be highly effective in rapidly detecting chronic diseases.
Technological advancements in the field of immunoprotein diagnostics have led to introduction of novel products. For instance, LIAISON XL, manufactured by DiaSorin, is a fully automated chemiluminescence analyzer that facilitates complete sample processing. It also measures and evaluates testing samples, thereby, enhancing the efficiency and throughput of the system.
List of major companies in the Immunoprotein Diagnostic Testing Market
Agilent Technologies, Inc.
Danaher Corporation
Thermo Fisher Scientific Inc.
PerkinElmer Inc.
Bio-Rad Laboratories, Inc.
Aurora Biomed Inc.
Tecan Trading AG
Promega Corporation
Charles River Laboratories
Creative Biolabs.
For Customized reports or Special Pricing please visit @: Immunoprotein Diagnostic Testing Market Analysis Report
We have segmented the global immunoprotein diagnostic testing market report based on test, technology, material, fluid, application and region.
#DiagnosticTesting#ImmunoDiagnostics#HealthcareInnovation#ClinicalDiagnostics#Immunoproteins#HealthTech#LaboratoryTesting#DiseaseDetection#BiomarkerDiscovery#HealthcareTrends#Immunology#PatientCare#DiagnosticAdvancements
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Future-Proofing Your Business: The Vital Role of Revenue Assurance in 2024
The global revenue assurance market was valued at USD 5.68 billion in 2023 and is expected to grow at a strong compound annual growth rate (CAGR) of 11.5% from 2024 to 2030. Revenue assurance refers to a set of processes implemented by operators to ensure that revenues from the services they provide to customers and third parties are accurately billed, properly accounted for, and fully collected. Essentially, it encompasses a range of activities aimed at minimizing revenue leakage, which occurs when the revenue for services provided is lost before reaching the billing systems. As the frequency of such leakages increases, the demand for revenue assurance solutions is expected to grow significantly over the forecast period.
Revenue leakage can stem from various sources, such as internal changes in customer priorities, misalignments between customer expectations and service deliverables due to implementation challenges or poor communication, and unforeseen invoicing and billing errors. These issues can lead to lost revenues, which telecom providers, in particular, are keen to avoid. The role of revenue assurance is critical in identifying and preventing these losses, ensuring that the billing process is accurate and comprehensive. It helps operators secure the revenue for services rendered that might otherwise go unbilled due to inefficient back-office operations, including record-keeping, compliance with regulatory standards, and accounting practices.
Revenue assurance has become especially attractive to telecom providers due to its relatively low implementation costs and quick return on investment (ROI). In many cases, improving revenue assurance is more cost-effective for carriers than investing in acquiring new customers or expanding into new markets. By addressing revenue leakages, companies can improve their profitability without needing to increase their customer base. With revenue and cost leakages affecting various facets of an operator's business, it becomes essential to not only identify the root causes of these losses but also to quantify their scale and address them through a comprehensive, holistic approach.
As the market for revenue assurance continues to expand, it is expected that businesses will increasingly prioritize technologies and processes that can provide more effective detection and prevention of revenue leakages. This will likely involve the integration of advanced data analytics, AI, and automation tools to help telecom providers and other operators streamline their billing processes, enhance operational efficiency, and safeguard against lost revenues. Given the increasing complexity of revenue assurance and the potential financial impact of leakages, companies are increasingly looking for integrated solutions that can offer real-time visibility, robust auditing, and timely corrective actions.
Regional Insights
North America:
North America was the leading region in the global revenue assurance market, capturing a revenue share of 33.0% in 2023. The region's dominance is driven by several factors, including a favorable business environment, an increasing incidence of revenue leakages, and strong consumer support for technological innovation. These factors, combined with a growing awareness of the impact of revenue leakages on profitability, have led to substantial market growth.
The telecom sector in North America, which continues to expand, is a significant driver of this market. Additionally, the banking industry also faces revenue leakage challenges, particularly due to inconsistent pricing practices, poor pricing controls, and lack of attention to detail. For instance, banking income and fees can be lost when pricing structures are not properly communicated or maintained, leading to confusion and, ultimately, revenue leakage. The increasing volume of digital transactions further fuels the demand for revenue assurance solutions. A prime example of this trend is Bank of America, which reported that its clients engaged in a record 23.4 billion digital interactions in 2023—an 11% increase over the previous year—illustrating the growing reliance on digital services and the need for robust revenue assurance mechanisms.
US:
The U.S. dominated the North American revenue assurance market in 2023, with widespread adoption of revenue assurance solutions across various industries, particularly in the Banking, Financial Services, and Insurance (BFSI) and telecom sectors. A significant development in 2023 was the White House's allocation of USD 42 billion to support universal high-speed broadband access by 2030, which is expected to drive further demand for revenue assurance solutions in the telecom industry. The U.S. also has a large presence of key revenue assurance vendors, including Amdocs, Ericsson, and IBM, contributing to the market's growth. Additionally, the well-established regulatory framework in the U.S., with clear guidelines and standards for revenue assurance, has encouraged the adoption of these solutions among organizations seeking to safeguard their revenues.
Europe:
Europe held a significant share of the global revenue assurance market in 2023. The region is seeing a growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and big data analytics, which are enhancing the effectiveness of revenue assurance solutions by enabling better detection and prevention of revenue leakage. The increasing number of mobile and internet users across Europe also drives the demand for efficient revenue management strategies, as businesses look to ensure accurate billing and prevent revenue losses.
Moreover, the expansion of non-telecom sectors like banking, e-commerce, and healthcare is contributing to the need for tailored revenue assurance practices that can address unique transaction reconciliation and compliance challenges across industries.
Germany:
Germany is expected to see significant growth in its revenue assurance market over the forecast period. The country benefits from a strong technological infrastructure and substantial government investments in digital initiatives. The rise of telecom activity in Germany, driven by increased subscriptions to services such as 5G, IoT, cloud computing, and advanced data packages, plays a major role in this growth.
Asia Pacific:
The Asia Pacific region is expected to experience the fastest CAGR of 15.2% during the forecast period, largely driven by an increased demand for cloud-based services from small and mid-sized companies. The region's accelerated pace of digital transformation and rising investments in advanced technologies are expected to fuel significant growth in the revenue assurance market. The booming telecom sector in Asia Pacific, combined with the growing adoption of digital services, is another key driver behind the region's growth.
China:
China held a substantial share of the revenue assurance market in Asia Pacific in 2023. The rapid increase in internet penetration and mobile connectivity has led to an explosion in transaction data, which in turn necessitates the adoption of advanced revenue assurance solutions to effectively manage and mitigate revenue leakage.
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The global clinical communication and collaboration market size was estimated at USD 2.99 billion in 2024 and is projected to grow at a CAGR of 18.1% from 2025 to 2030.
The MEA technical and vocational education market sizewas estimated at USD 46.90 billion in 2024 and is projected to grow at a CAGR of 10.7% from 2025 to 2030.
Key Companies & Market Share Insights
The revenue assurance market is highly competitive, with several key players offering a wide range of solutions to address the increasing complexity of revenue management, billing accuracy, and fraud prevention. Major companies in this market include SUBEX, Araxxe, Tech Mahindra Limited, Amdocs, Mobileum, and others. These companies are adopting various strategies to strengthen their position, including innovation, expanding their geographical presence, enhancing their solution portfolios, and forming collaborations with other organizations to meet the growing demand for advanced revenue assurance solutions.
SUBEX
SUBEX, a global leader in telecom analytics solutions, plays a prominent role in the revenue assurance market. The company provides a comprehensive suite of services that span multiple aspects of business assurance, including fraud management, signaling risk intelligence, enterprise billing, cybersecurity, and partner ecosystem management. SUBEX’s solutions help telecom operators and other service providers secure revenue, minimize revenue leakage, and enhance operational efficiencies.
With a strong presence across various regional markets, SUBEX has built a reputation for offering end-to-end services, ranging from subcontracting services to managed services, support services, and implementation and customization services. The company’s ability to provide a broad spectrum of services across different segments of the telecom industry has allowed it to maintain a competitive edge in the market.
Araxxe
Araxxe is another key player in the revenue assurance market, particularly known for its expertise in end-to-end billing verification and interconnect fraud detection. The company offers specialized monitoring services for telecommunications companies around the world. Araxxe operates its services in a 'service bureau' mode, which allows clients to benefit from its expertise without needing to manage the technical infrastructure in-house.
Key Revenue Assurance Companies:
The following are the leading companies in the revenue assurance market. These companies collectively hold the largest market share and dictate industry trends.
Accenture
Amdocs
Araxxe
Hewlett Packard Enterprise Development LP
IBM
SUBEX
TATA Consultancy Services Limited
Tech Mahindra Limited
Telefonaktiebolaget LM Ericsson
TEOCO
Mobileum
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Global Water and Wastewater Treatment Market to Reach $1,024.8 Billion by 2033 – A Detailed Analysis of Trends, Drivers, and Opportunities
Meticulous Research®, a leading global market research company, has published its latest report, "Water and Wastewater Treatment Market by Type (Wastewater Treatment, Water Treatment), Offering (Treatment Technology, Treatment Chemicals), Application (Municipal, Industrial), and Geography - Global Forecast to 2033."
Market Overview
The global water and wastewater treatment market is set to grow at a robust CAGR of 5.9%, reaching an estimated value of $1,024.8 billion by 2033. This growth is fueled by factors such as rapid population growth, urbanization, stringent regulatory requirements for water treatment, and the increasing scarcity of freshwater resources. Additionally, the rising prevalence of waterborne diseases highlights the critical need for advanced water treatment solutions.
While the market's growth is promising, high costs associated with installing, maintaining, and operating treatment infrastructure pose challenges. However, the increasing demand for energy-efficient and innovative water treatment technologies presents significant growth opportunities for market players. On the other hand, upgrading aging infrastructure remains a pressing challenge for the industry.
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Market Segmentation
The report provides an in-depth analysis of the water and wastewater treatment market based on type, offering, application, and geography, alongside evaluating key competitors at country and regional levels.
1. By Type
The market is segmented into wastewater treatment and water treatment.
Wastewater Treatment:
In 2024, this segment is projected to hold the largest market share (63.0%).
Growth is driven by factors such as increasing industrialization, urbanization, and governmental regulations focused on water quality and public health.
This segment is also expected to register the highest CAGR during the forecast period.
2. By Offering
The market is categorized into:
Treatment Technologies
Treatment Chemicals
Process Control and Automation
Design, Engineering, and Construction Services
Operation and Maintenance Services
Among these, the operation and maintenance services segment is expected to dominate in 2024, accounting for 39.5% of the market. This dominance is attributed to the growing complexity of treatment facilities and stringent regulatory standards.
However, the process control and automation segment is anticipated to witness the highest growth. This is driven by increasing digitalization and the need for efficient water management solutions in the face of water scarcity and declining water quality.
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3. By Application
The market is divided into municipal and industrial applications.
Municipal Applications:
Expected to account for 69.0% of the market in 2024.
Growth is fueled by the rising need for safe drinking water, advancements in wastewater recycling technologies, and growing adoption of advanced water treatment solutions.
Industrial Applications:
Anticipated to register a higher CAGR during the forecast period.
Key drivers include stringent regulations for industrial wastewater treatment, increasing industrial activities, and the growing focus on water reuse.
4. By Geography
The market spans five major regions:
Asia-Pacific:
Leading the market with an expected share of 42.6% in 2024.
Factors such as environmental deterioration, declining clean water availability, and increased public-sector investments in water infrastructure drive the region's growth.
Additionally, this region is projected to achieve the highest CAGR of 6.4% during the forecast period.
North America and Europe follow, with steady contributions driven by established infrastructure and growing investments in advanced water treatment technologies.
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Key Market Drivers
Population Growth & Urbanization:
Increasing urban populations demand efficient water and wastewater management systems to ensure sustainable development.
Stringent Regulations:
Governments worldwide are implementing strict water treatment standards, pushing the adoption of advanced treatment technologies.
Water Scarcity:
The declining availability of freshwater resources has heightened the focus on wastewater recycling and desalination technologies.
Technological Advancements:
Innovations in membrane technologies and process control systems enhance treatment efficiency, reducing costs and environmental impact.
Challenges
Despite the market's growth potential, significant challenges remain:
High Capital and Operating Costs:
The substantial investment required for infrastructure development and maintenance is a major barrier for many regions.
Aging Infrastructure:
Many regions face the challenge of upgrading outdated water treatment systems, which requires significant time and resources.
Opportunities
The market offers promising opportunities for stakeholders:
Energy-Efficient Solutions:
Growing awareness about energy conservation has led to the development of innovative technologies that minimize energy consumption in water treatment processes.
Adoption of Digital Solutions:
Advanced data analytics and automation are transforming water management, offering smarter, more efficient solutions.
Read More Information : https://www.meticulousresearch.com/product/water-and-wastewater-treatment-market-5026
Competitive Landscape
The water and wastewater treatment market is highly competitive, with several global and regional players. Key players include:
SUEZ S.A. (France)
Veolia Environnement (France)
Xylem Inc. (U.S.)
DuPont de Nemours, Inc. (U.S.)
3M Company (U.S.)
Pentair plc (U.K.)
Kingspan Group plc (U.K.)
Dow Inc. (U.S.)
BASF SE (Germany)
Kurita Water Industries, Ltd. (Japan)
BioMicrobics, Inc. (U.S.)
Recent Developments
The report highlights various strategies adopted by key players, such as mergers and acquisitions, new product launches, and partnerships to strengthen their market position.
Key Questions Answered in the Report
What are the high-growth segments in the market?
What are the historical and forecasted market sizes?
What are the major trends driving the market?
Who are the leading players, and what are their market shares?
How are emerging players competing in this market?
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Business Process Outsourcing Market Research Report 2030 By Players, Regions, Types & Applications
The global business process outsourcing (BPO) market was valued at approximately USD 280.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2030. BPO refers to the practice of outsourcing various business operations and responsibilities, such as customer service, human resources, accounting, and IT support, to external service providers. This practice has gained immense popularity across industries due to the numerous benefits it offers, such as increased operational flexibility, cost reduction, and enhanced service quality.
One of the key reasons businesses are increasingly turning to BPO is the ability to reduce operational costs. By outsourcing non-core functions to third-party service providers, companies can focus their internal resources on their primary objectives, such as product development or customer engagement, thereby driving incremental value for their customers. Outsourcing also allows businesses to tap into specialized expertise, improving efficiency and service quality in areas like IT support, finance, and human resources.
Gather more insights about the market drivers, restrains and growth of the Global Business Process Outsourcing market
Business Process Outsourcing Market Segments Highlights:
The customer services segment dominated the market with a revenue share of 22.7% in 2023. The segment is anticipated to retain its dominance with a significant CAGR from 2024 to 2030.
The training and development segment is predicted to witness significant growth from 2024 to 2030. The advent of new technologies such as artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and data analytics has transformed the nature of work in BPO operations.
The IT & telecommunication segment held the largest revenue share around 25.0% in 2023. The increase in the number of IT businesses and rapid industrialization globally are some of the factors boosting the demand for business process services across IT and telecommunication companies.
The retail segment is expected to witness the fastest growth from 2024 to 2030. Retailers are increasingly adopting omni-channel strategies to provide seamless shopping experiences across multiple channels, including brick-and-mortar stores, websites, mobile apps, and social media platforms.
The onshore segment held the largest revenue share in 2023, accounting for 45.2% of the overall market, and is expected to grow at the fastest CAGR from 2024 to 2030.
The offshore segment is expected to witness significant growth at a CAGR of over 9.0% from 2024-2030. Industry-specific outsourcing, tailored to sectors such as healthcare, retail, and finance, is driven by factors such as regulatory compliance and industry expertise.
The cloud segment accounted for the largest market share over 51.0% in 2023 and is expected to grow at the fastest CAGR from 2024 to 2030.
The on-premise segment is expected to witness significant growth from 2024 to 2030. Data security and compliance concerns have fuelled the demand for on-premise BPO solutions, especially in industries dealing with sensitive information such as finance, healthcare, and government.
North America accounted for over 36.0% revenue share in 2023 and is expected to retain its dominance from 2024 to 2030 due to the rising demand for BPO services from several tech giants in the region.
The U.S. business process outsourcing market is expected to grow at a CAGR of 9.4% from 2024 to 2030. The growing adoption of cloud computing is driving the market’s growth in the U.S.
The business process outsourcing market in Asia Pacific dominated the global marketin 2023, accounting for 25.6% of the total revenue share.
The China business process outsourcing market is projected to grow at a CAGR of 11.8% from 2024 to 2030. The increasing penetration of digital channels, mobile devices, and social networking platforms are collectively driving the demand for a seamless omnichannel business process outsourcing market in this country.
The business process outsourcing market in Japan is projected to grow at a CAGR of 10.1% from 2024 to 2030.
The India business process outsourcing market is projected to grow at a CAGR of 12.7% from 2024 to 2030.
The business process outsourcing market in Europe is growing significantly at a CAGR of 9.9% from 2024 to 2030. Government bodies in Europe are creating multi-channel service delivery models that enable seamless communication across numerous digital and physical interfaces.
The UK business process outsourcing market is growing significantly at a CAGR nearly of 10% from 2024 to 2030.
The business process outsourcing market in Germany is growing significantly at a CAGR of 10.9% from 2024 to 2030.
The France business process outsourcing market is growing significantly from 2024 to 2030. There have been increasing investments in digital infrastructure, broadband connection, and technology adoption initiatives.
The business process outsourcing market in the Middle East & Africa is anticipated to witness significant growth at a CAGR of 7.2% from 2024 to 2030.
Browse through Grand View Research's Communication Services Industry Research Reports.
The global clinical communication and collaboration market size was estimated at USD 2.99 billion in 2024 and is projected to grow at a CAGR of 18.1% from 2025 to 2030.
The global C-RAN market size was estimated at USD 20.5 billion in 2024 and is projected to grow at a CAGR of 28.3% from 2025 to 2030.
Business Process Outsourcing Market Segmentation
The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global business process outsourcing market report based on the service type, outsourcing type, deployment, end-use, and region.
Service Type Outlook (Revenue, USD Billion, 2018 - 2030)
Finance & Accounting
Human Resource
KPO
Procurement & Supply Chain
Customer Services
Sales & Marketing
Logistics
Training and Development Outsourcing
Others
Outsourcing Type Outlook (Revenue, USD Billion, 2018 - 2030)
Onshore
Nearshore
Offshore
Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
On premise
Cloud
End-use Outlook (Revenue, USD Billion, 2018 - 2030)
BFSI
Healthcare
Manufacturing
IT & Telecommunications
Retail
Government & Defense
Others
Region Outlook (Revenue, USD Billion, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Order a free sample PDF of the Business Process Outsourcing Market Intelligence Study, published by Grand View Research.
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Business Process Outsourcing Market 2030 Key Growth Drivers, Challenges & Leading Key Players Review
The global business process outsourcing (BPO) market was valued at approximately USD 280.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2030. BPO refers to the practice of outsourcing various business operations and responsibilities, such as customer service, human resources, accounting, and IT support, to external service providers. This practice has gained immense popularity across industries due to the numerous benefits it offers, such as increased operational flexibility, cost reduction, and enhanced service quality.
One of the key reasons businesses are increasingly turning to BPO is the ability to reduce operational costs. By outsourcing non-core functions to third-party service providers, companies can focus their internal resources on their primary objectives, such as product development or customer engagement, thereby driving incremental value for their customers. Outsourcing also allows businesses to tap into specialized expertise, improving efficiency and service quality in areas like IT support, finance, and human resources.
Gather more insights about the market drivers, restrains and growth of the Global Business Process Outsourcing market
Business Process Outsourcing Market Segments Highlights:
The customer services segment dominated the market with a revenue share of 22.7% in 2023. The segment is anticipated to retain its dominance with a significant CAGR from 2024 to 2030.
The training and development segment is predicted to witness significant growth from 2024 to 2030. The advent of new technologies such as artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and data analytics has transformed the nature of work in BPO operations.
The IT & telecommunication segment held the largest revenue share around 25.0% in 2023. The increase in the number of IT businesses and rapid industrialization globally are some of the factors boosting the demand for business process services across IT and telecommunication companies.
The retail segment is expected to witness the fastest growth from 2024 to 2030. Retailers are increasingly adopting omni-channel strategies to provide seamless shopping experiences across multiple channels, including brick-and-mortar stores, websites, mobile apps, and social media platforms.
The onshore segment held the largest revenue share in 2023, accounting for 45.2% of the overall market, and is expected to grow at the fastest CAGR from 2024 to 2030.
The offshore segment is expected to witness significant growth at a CAGR of over 9.0% from 2024-2030. Industry-specific outsourcing, tailored to sectors such as healthcare, retail, and finance, is driven by factors such as regulatory compliance and industry expertise.
The cloud segment accounted for the largest market share over 51.0% in 2023 and is expected to grow at the fastest CAGR from 2024 to 2030.
The on-premise segment is expected to witness significant growth from 2024 to 2030. Data security and compliance concerns have fuelled the demand for on-premise BPO solutions, especially in industries dealing with sensitive information such as finance, healthcare, and government.
North America accounted for over 36.0% revenue share in 2023 and is expected to retain its dominance from 2024 to 2030 due to the rising demand for BPO services from several tech giants in the region.
The U.S. business process outsourcing market is expected to grow at a CAGR of 9.4% from 2024 to 2030. The growing adoption of cloud computing is driving the market’s growth in the U.S.
The business process outsourcing market in Asia Pacific dominated the global marketin 2023, accounting for 25.6% of the total revenue share.
The China business process outsourcing market is projected to grow at a CAGR of 11.8% from 2024 to 2030. The increasing penetration of digital channels, mobile devices, and social networking platforms are collectively driving the demand for a seamless omnichannel business process outsourcing market in this country.
The business process outsourcing market in Japan is projected to grow at a CAGR of 10.1% from 2024 to 2030.
The India business process outsourcing market is projected to grow at a CAGR of 12.7% from 2024 to 2030.
The business process outsourcing market in Europe is growing significantly at a CAGR of 9.9% from 2024 to 2030. Government bodies in Europe are creating multi-channel service delivery models that enable seamless communication across numerous digital and physical interfaces.
The UK business process outsourcing market is growing significantly at a CAGR nearly of 10% from 2024 to 2030.
The business process outsourcing market in Germany is growing significantly at a CAGR of 10.9% from 2024 to 2030.
The France business process outsourcing market is growing significantly from 2024 to 2030. There have been increasing investments in digital infrastructure, broadband connection, and technology adoption initiatives.
The business process outsourcing market in the Middle East & Africa is anticipated to witness significant growth at a CAGR of 7.2% from 2024 to 2030.
Browse through Grand View Research's Communication Services Industry Research Reports.
The global clinical communication and collaboration market size was estimated at USD 2.99 billion in 2024 and is projected to grow at a CAGR of 18.1% from 2025 to 2030.
The global C-RAN market size was estimated at USD 20.5 billion in 2024 and is projected to grow at a CAGR of 28.3% from 2025 to 2030.
Business Process Outsourcing Market Segmentation
The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global business process outsourcing market report based on the service type, outsourcing type, deployment, end-use, and region.
Service Type Outlook (Revenue, USD Billion, 2018 - 2030)
Finance & Accounting
Human Resource
KPO
Procurement & Supply Chain
Customer Services
Sales & Marketing
Logistics
Training and Development Outsourcing
Others
Outsourcing Type Outlook (Revenue, USD Billion, 2018 - 2030)
Onshore
Nearshore
Offshore
Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
On premise
Cloud
End-use Outlook (Revenue, USD Billion, 2018 - 2030)
BFSI
Healthcare
Manufacturing
IT & Telecommunications
Retail
Government & Defense
Others
Region Outlook (Revenue, USD Billion, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Order a free sample PDF of the Business Process Outsourcing Market Intelligence Study, published by Grand View Research.
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How GenAI is Shaping the Future of Business: Key Insights from NTT DATA’s 2025 Report
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How GenAI is Shaping the Future of Business: Key Insights from NTT DATA’s 2025 Report
NTT DATA’s latest Global GenAI Report, based on an expansive survey of 2,307 executives across 34 countries, provides an in-depth look at how Generative AI (GenAI) is redefining business landscapes in 2025. With respondents spanning 12 industries—including automotive, banking, healthcare, and manufacturing—this report sheds light on the transformative potential and challenges of GenAI as organizations move beyond experimentation to integration. Covering global markets from North America to Asia-Pacific, the findings offer a clear view of GenAI’s impact across strategy, workforce, technology, ethics, and sustainability.
GenAI Sentiment: Hype vs. Reality
A decisive 96% of C-suite executives see GenAI as a revolutionary technology with long-term potential, yet there is some skepticism about immediate ROI. While nearly half of respondents remain cautious about the immediate benefits, 68% express optimism about GenAI’s potential to transform industries. Notably, 97% of organizations are actively planning further investments, underscoring the shift from viewing GenAI as a “nice-to-have” to a critical strategic asset.
Strategic Transformation: Moving from Experimentation to Core Strategy
One of the report’s most notable insights is the shift from fragmented experimentation to intentional, focused GenAI strategies. While 83% of respondents report having a defined GenAI strategy, 49% have yet to align it fully with overall business goals. Key drivers motivating GenAI adoption include:
Productivity Gains: Nearly all CEOs (96%) believe that GenAI will boost productivity.
Improved Compliance: 80% of organizations aim to enhance process adherence and regulatory compliance through GenAI.
Enhanced Customer and Employee Experiences: The top focus areas for GenAI include personalized service, employee support, and improved compliance.
Operational Efficiency: GenAI applications in automation and process improvements are a priority across sectors.
Industry-specific motivations vary, but many share a focus on productivity, compliance, and experience optimization. For instance, automotive companies are prioritizing quality control, risk assessment, and automation, while banking and investment sectors focus on risk management and fraud detection.
Building Dedicated GenAI Teams
Organizations investing in dedicated GenAI teams report significantly higher satisfaction with their AI efforts. Nearly 80% of respondents say they have either established or are building expert GenAI teams. Notably, those with established GenAI teams are three times more likely to express satisfaction compared to those still in planning phases. The government, insurance, and life sciences sectors are leaders in building these expert teams, while education and retail have slower adoption rates. Companies are actively recognizing that expertise in GenAI is crucial for successful, scalable implementations.
Technological Challenges: Infrastructure Gaps and the Need for Cloud Solutions
Technological limitations, especially around legacy systems, present major hurdles. Outdated infrastructure is a notable obstacle, with 90% of respondents indicating that legacy systems are constraining their GenAI potential. Only 45% feel strongly that they currently have the necessary infrastructure to support GenAI. Cloud solutions emerge as the favored approach, with 81% of respondents viewing them as essential for scalable, efficient GenAI applications. CIOs and CTOs are re-evaluating IT architectures, particularly edge and cloud computing, to keep up with the increasing demands of GenAI.
Security and Ethical Concerns: Balancing Innovation with Responsibility
As GenAI grows more integrated into enterprise functions, ethical considerations and security risks are becoming top concerns. Security is a primary worry, with 89% of C-suite executives expressing concern about the security risks associated with GenAI. Only 45% report that their cybersecurity and GenAI strategies are fully aligned, highlighting a gap that companies must address to balance risk and innovation. Leadership accountability is also emerging as a priority, with 82% of respondents emphasizing the need for a named executive responsible for GenAI ethics and governance.
Workforce Impact: Training and Upskilling in the Age of GenAI
A key challenge revealed in the report is a skills gap: two-thirds of organizations acknowledge that employees currently lack the skills to fully leverage GenAI. To address this, over half of the companies surveyed are investing in GenAI-specific training. Notably, organizations investing in employee upskilling have reported substantial improvements in employee satisfaction and retention, with 93% stating that GenAI deployments have positively impacted these metrics.
In terms of specific skill development, 64% of respondents highlight in-house GenAI development skills as a critical need, and top-performing organizations are actively building these competencies. Additionally, tools like predictive analytics, decision management systems, and AI-powered chatbots are among the most commonly planned GenAI solutions aimed at enhancing employee experience.
Sustainability and GenAI: Balancing Environmental Impact with Innovation
While GenAI brings productivity gains, its high resource demands often conflict with sustainability goals. According to the report, three-quarters of respondents believe that their GenAI goals are at odds with sustainability objectives, particularly due to the energy-intensive nature of GenAI operations. Although 94% of respondents support using renewable energy sources for GenAI, 75% acknowledge a misalignment between GenAI and sustainability strategies. This conflict highlights the importance of finding environmentally responsible approaches to GenAI implementation, including energy-efficient data management practices.
Future Outlook: Small Language Models, Multimodal Approaches, and AI Agents
Looking ahead, the report indicates that GenAI’s next phase will involve small language models (SLMs) and multimodal AI approaches to refine decision-making and predictive accuracy. There is a growing interest in “agentics,” a field where AI-driven agents tackle complex problem-solving tasks independently. As the technology matures, organizations are focusing on developing GenAI applications that not only automate but also solve complex problems autonomously.
Key Recommendations for Organizations to Navigate the GenAI Landscape
To succeed with GenAI, NTT DATA recommends that organizations focus on several key areas:
Strategic Alignment: Ensure that GenAI strategies are fully integrated with overall business objectives.
Infrastructure Modernization: Upgrade IT infrastructure to support scalable GenAI applications, particularly through cloud-native solutions.
Workforce Development: Invest in training and upskilling to equip employees with GenAI capabilities.
Ethics and Governance: Establish strong governance frameworks, including a dedicated GenAI ethics executive, to guide responsible AI use.
Sustainability Goals: Align GenAI objectives with sustainability initiatives to ensure environmentally responsible use.
Conclusion
NTT DATA’s 2025 Global GenAI Report offers a comprehensive examination of how GenAI is reshaping industries worldwide. From addressing legacy infrastructure challenges and ethical considerations to closing skills gaps and aligning with sustainability, the findings underscore GenAI’s complex and transformative impact. For organizations looking to leverage GenAI effectively, the focus must remain on integration, governance, and continual assessment of both the opportunities and challenges that this powerful technology presents.
#adoption#agents#ai#AI-powered#America#Analytics#applications#approach#Asia#Asia-Pacific#assessment#automation#automotive#banking#Building#Business#business goals#C-suite#challenge#chatbots#cios#Cloud#cloud computing#cloud solutions#Cloud-Native#Companies#compliance#comprehensive#computing#Conflict
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Mobile Application Development Platform Market - Forecast(2024 - 2030)
Mobile Application Development Platform Market Overview
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The rising use of mobile devices by the organizations, growing adoption of bring your own device (BYOD) trend and adoption of cloud technology drive the mobile application development platform market. In addition, the need of automation in mobile application development and favorable government initiatives for digitalization in emerging countries are analyzed to drive the market in the forecast period 2020–2025.
Mobile Application Development Platform Market Report Coverage
The report: “Mobile Application Development Platform Market” — Forecast (2020–2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Mobile Application Development Platform market
By Deployment Model: On-Premises, Cloud
By Devices: Smart Watch and Bands, Mobile Phones, Tablets, e-readers, others
By Operating System Users: IOS, Android, Windows, others
By Organization Size: Small & Medium-Sized businesses, Large Enterprises
By Industry Vertical: BFSI, Healthcare, Retail, Transportation and Logistics, Media and Entertainment, Telecom and IT, Construction, Education, Manufacturing, Others
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By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)
Key Takeaways
APAC dominated the market by a market share of more than 34.2% in 2019, owing to the escalating need for innovations and favorable government initiatives to catalyze digitalization in this region.
Cloud deployment is growing at a highest CAGR of 24.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment.
Growth of mobile application development platforms in the commercial sector is a key factor contributing to the growth of mobile application development.
Mobile Application Development Platform top 10 companies include Adobe Systems, Inc., IBM Corporation, Kony, Salesforce.Com, SAP SE, Appcelerator, Inc., Backbase, MicroStrategy Inc., Apple, Inc., Intellectsoft LLC, Hewlett Packard Enterprise Company, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Sourcebits, Telerik,Inc., and Microsoft Corporation. among others.
Mobile Application Development Platform Market Segment Analysis — By Deployment Model
Cloud deployment is growing at a highest CAGR of 24.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment. It also offers numerous benefits, including reduced operational costs, simple deployment process, and higher scalability in terms of connected resources. Additionally, the cost-effective cloud-based solutions ease installation when compared to the on-premises solutions. The highest level of data security and reliability offered by the cloud deployment are increasing the share of this deployment in the forecast period. Several companies are providing solutions related to this deployment. For instance, mobile application development platform hosted on SAP HANA Cloud helps users and customers to develop and deploy enterprise mobile applications in a cloud environment without any hassle. Similarly, IBM has developed mobile application development platform with cloud technology. Hence these benefits are analysed to drive the market growth in the forecast period 2020–2025.
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Mobile Application Development Platform Market Segment Analysis — By Organization Size
Small and medium-sized businesses are growing at a highest CAGR of 25.5% in the forecast period. App development for SMBs is on the rise as a business with a mobile app provides a lot of rapidity and convenience for its customers. Moreover, Mobile apps will play a pivotal role in maintaining loyalty of customers. In addition, managing customer loyalty is very necessary for the SMBs as they will be crucial in forming the initial base for them. Enterprise Mobile Application Development has gained attention with the increase in Small Medium Enterprises building their own native Mobile App Development. In addition, several companies are driving the Small businesses to invest in app development by campaigns, innovations and so on. In 2019, Appify launched a campaign to get small businesses investing in their mobile presence. Similarly, Major Companies such as IBM, Microsoft and so on investing heavily to attract SMEs to develop applications. Hence these advancements are analyzed to drive the market in the forecast period 2020–2025.
Mobile Application Development Platform Market Segment Analysis — By Geography
APAC dominated the market with a market share of more than 34.2% in 2019, owing to the escalating need for innovations and rising demand for advanced technologies. Moreover, emerging economies like China and India are the largest producers and consumers of cost-effective smartphones. Enterprise mobility in China is a major technology issue for several enterprises. In India, various firms are still reluctant to adopt cloud solutions due to security concerns. Additionally, the increasing affordability of smart devices has led to the proliferation of mobile enterprise development platform in the region, which is likely to drive this regional market in the next few years. Moreover, the favourable government initiatives to catalyze digitalization in the Asia Pacific and the rising number of startups is analysed to drive the demand for the market over the forecast period 2020–2025.
Mobile Application Development Platform Market Drivers
Emergence of Cloud Based Technology
Cloud technology will play a key role in mobile app development. With the upsurge in the usage of multiple mobile devices and wearable tech, app developers will have to focus on the ability to integrate and sync their apps on multiple devices. The cloud approach will enable developers to build their applications that can be accessed on multiple devices with same functions, features and data. In addition, by leveraging cloud technology, mobile app developers have the luxury of simultaneously launching their applications on various platforms, like IOS and Android, since the application will work equally well on both the platforms. In addition, Application developers will be working with a minimized workload, which makes implementation easier and more widespread. Hence these benefits of cloud technology makes the companies to invest in Application development platform in the forecast period 2020–2025.
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Rising adoption of mobile devices in commercial sector is expected to drive the market
Growth of mobile application development platforms in the commercial sector is a key factor contributing to the growth of mobile application development. Commercial business makes use of smart phones that increase productivity, mobility and safety, and enable employees to advance customer service in order to maintain good communication with customers and suppliers. This further enables employees to work efficiently and remotely. Growth in mobile phone adoption in commercial sector also urges the need for mobile applications owing to the rising need of businesses. Therefore, the increasing mobile devices lead to the growth of mobile application development platform market.
Mobile Application Development Platform Market Challenges
Increasing cost and technical difficulties
Although Mobile Application development platform is growing at rapid phase. Increasing cost and technical difficulties in the mobile application development platform is restraining the growth of the market. Mobile application development is a complex process and needs a high level of technical expert to develop the application, even using the mobile application development platform. This technical difficulties in developing the apps are forcing the companies to invest in third party developers. Hence these increased investment and technical difficulties are analyzed to hamper the market growth in the forecast period 2020–2025.
Mobile Application Development Platform Market Landscape
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Mobile Application Development Platform market. In 2019, the market of Mobile Application Development Platform industry outlook has been fragmented by several companies. Mobile Application Development Platform top 10 companies include Adobe Systems, Inc., IBM Corporation, Kony, Salesforce.Com, SAP SE, Appcelerator, Inc., Backbase, MicroStrategy Inc., Apple, Inc., Intellectsoft LLC, Hewlett Packard Enterprise Company, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Sourcebits, Telerik,Inc., and Microsoft Corporation, among others.
Acquisitions/Technology Launches
In 2017, IBM Corporation launched MobileFirst Platform Foundation V8.0, which empowers organizations to take a radically simplified approach to building, managing, and updating their mobile apps.
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Forecasting Molecular Modeling Market Growth, Size & Revenue 2024-2032
The Molecular Modeling Market is witnessing rapid growth, driven by advancements in technology and an increasing demand across various industries, including pharmaceuticals, biotechnology, and chemical manufacturing. According to recent reports, the global market for molecular modeling is expected to experience substantial expansion, with projections indicating a significant rise in market revenue over the coming years. Molecular Modeling Market Revenue is expected to increase as companies leverage this technology for applications in drug discovery, material science, and chemical analysis, among others.
The rise in the demand for computational chemistry and molecular simulations is a primary factor driving the growth of the molecular modeling market. As pharmaceutical companies increasingly rely on molecular modeling to develop new drugs and materials, the need for accurate molecular simulations continues to grow. This demand is complemented by advancements in artificial intelligence (AI) and machine learning (ML), which have significantly improved the efficiency of molecular design and simulation processes.
Molecular modeling involves using computer-based techniques to predict the structure, properties, and behavior of molecules. With applications across drug design, material science, and environmental science, molecular modeling tools assist researchers in making predictions about molecular interactions, reactions, and properties without the need for expensive and time-consuming experiments. In pharmaceutical industries, for instance, molecular modeling plays a key role in simulating the interaction between drug molecules and biological targets, enabling more effective drug design processes.
In addition to its prominence in drug discovery, molecular modeling is also gaining traction in industries such as materials science, where it aids in the development of new materials with desirable properties, including polymers, coatings, and even advanced semiconductors. This sector’s growth further complements the expanding scope of the molecular modeling market, which is expected to see significant investment from key industry players in the coming years. The growing demand for automation in molecular simulations is also anticipated to contribute significantly to market growth, offering promising opportunities for both established and emerging players.
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The increasing focus on sustainability and the development of eco-friendly solutions has further boosted the demand for molecular modeling in the chemical and materials industries. Molecular modeling techniques enable the design of greener chemical processes, less harmful materials, and sustainable solutions that address the growing global emphasis on environmental concerns. Additionally, the integration of molecular modeling with big data analytics is expected to improve the overall accuracy and efficiency of molecular simulations, thereby increasing the market value.
The market is also being shaped by the growing number of collaborations between academic institutions, research organizations, and private industry players. These collaborations are aimed at accelerating the development of new molecular modeling tools and techniques, enhancing the accuracy of simulations, and pushing the boundaries of what molecular modeling can achieve. As a result, the molecular modeling market is poised for continuous evolution, as new research breakthroughs and technological advancements unlock further opportunities.
Geographically, North America currently holds the largest share of the molecular modeling market, followed by Europe and the Asia-Pacific region. The presence of leading pharmaceutical and biotechnology companies, as well as robust research and development activities, contributes significantly to the dominance of North America in the global market. However, the Asia-Pacific region is expected to witness the fastest growth rate, owing to increasing investments in R&D, the expansion of pharmaceutical and biotechnology sectors, and growing demand for molecular simulation tools in emerging economies such as China and India.
Market leaders in the molecular modeling space are continuously investing in the development of new solutions that cater to the evolving needs of industries such as healthcare, chemicals, and materials science. These innovations, along with advancements in computational power and software capabilities, are set to further enhance the growth prospects of the molecular modeling market.
Overall, the molecular modeling market is on track for substantial growth, with increasing applications in a range of industries and the continuous development of new technologies. Companies involved in this market must remain agile and forward-thinking to leverage emerging trends such as AI, machine learning, and sustainable solutions to maintain a competitive edge.
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Understanding Artificial Intelligence Market: Trends and Growth Drivers
The global artificial intelligence market size is expected to reach USD 1,811.75 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 36.6% from 2024 to 2030. Artificial Intelligence (AI) denotes the concept and development of computing systems capable of performing tasks customarily requiring human assistance, such as decision-making, speech recognition, visual perception, and language translation. AI uses algorithms to understand human speech, visually recognize objects, and process information. These algorithms are used for data processing, calculation, and automated reasoning. Artificial intelligence researchers continuously improve algorithms for various aspects, as conventional algorithms have drawbacks regarding accuracy and efficiency.
These advancements have led manufacturers and technology developers to focus on developing standard algorithms. Recently, several developments have been carried out for enhancing artificial intelligence algorithms. For instance, in May 2020, International Business Machines Corporation announced a wide range of new AI-powered services and capabilities, namely IBM Watson AIOps, for enterprise automation. These services are designed to help automate the IT infrastructures and make them more resilient and cost reduction.
Gather more insights about the market drivers, restrains and growth of the Artificial Intelligence Market
Artificial Intelligence Market Report Highlights
• The advent of big data is expected to be the cause of the growth of the AI market as a large volume of data is needed to be captured, stored, and analyzed.
• The increasing demand for image processing and identification is expected to drive industry growth.
• AI can analyze vast amounts of data to identify patterns and anomalies that might indicate a cyberattack. This allows for faster and more precise threat detection subsequently fostering adoption of AI in cybersecurity applications.
• By using AI for predictive maintenance, process automation, and supply chain optimization, businesses can streamline workflows, reduce costs, and ensure smooth delivery of their offerings.
• North America dominated the market and accounted for a share of over 36.8% of global revenue in 2022.
• One of the significant concerns restraining industry growth is the need for a large amount of data to train AI systems for character and image recognition.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
• The global cloud logistics market size was estimated at USD 21.55 billion in 2024 and is projected to grow at a CAGR of 13.9% from 2025 to 2030.
• The global AI in education market size was estimated at USD 5.88 billion in 2024 and is projected to grow at a CAGR of 31.2% from 2025 to 2030.
Artificial Intelligence Market Segmentation
Grand View Research has segmented the global artificial intelligence market based on solution, technology, function, end-use, and region:
Artificial Intelligence Solution Outlook (Revenue, USD Billion, 2017 - 2030)
• Hardware
o Accelerators
o Processors
o Memory
o Network
• Software
• Services
o Professional
o Managed
Artificial Intelligence Technology Outlook (Revenue, USD Billion, 2017 - 2030)
• Deep Learning
• Machine Learning
• Natural Language Processing (NLP)
• Machine Vision
• Generative AI
Artificial Intelligence Function Outlook (Revenue, USD Billion, 2017 - 2030)
• Cybersecurity
• Finance and Accounting
• Human Resource Management
• Legal and Compliance
• Operations
• Sales and Marketing
• Supply Chain Management
Artificial Intelligence End-use Outlook (Revenue, USD Billion, 2017 - 2030)
• Healthcare
o Robot Assisted Surgery
o Virtual Nursing Assistants
o Hospital Workflow Management
o Dosage Error Reduction
o Clinical Trial Participant Identifier
o Preliminary Diagnosis
o Automated Image Diagnosis
• BFSI
o Risk Assessment
o Financial Analysis/Research
o Investment/Portfolio Management
o Others
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Others
Artificial Intelligence Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
• Latin America
o Brazil
o Mexico
• Middle East and Africa (MEA)
o KSA
o UAE
o South Africa
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#Artificial Intelligence Market#Artificial Intelligence Market Analysis#Artificial Intelligence Market Size#Artificial Intelligence Market Share
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Cloud-based Contact Center Market Precise, Powerful, & Measurable Forecast 2031
Kings Research™ presents this information in its report titled, Cloud-based Contact Center & Industry Analysis, By Component (Solutions, Services), By Deployment (Public, Private, Hybrid), By Organization Size (Large Enterprises, Small and Medium Enterprises) By Vertical and Regional Analysis, 2024-2031"
Cloud-Based Contact Center Market was valued at USD 22.83 billion in 2023 and is projected to reach USD 124.85 billion by 2031, growing at a CAGR of 24.08% from 2024 to 2031.
Cloud-based contact centers, also known as virtual or hosted contact centers, are customer service platforms where all the necessary infrastructure, software, and tools are hosted and managed in the cloud by a third-party provider. Instead of running on-premises hardware and software, these contact centers operate entirely over the internet.
Browse More Information @ https://www.kingsresearch.com/cloud-based-contact-center-market-595
Key Players and Innovations:
Amazon Connect, Amazon Web Services' cloud-based contact center product, now includes advanced generative AI functionality. These advancements help organizations of all Shares to elevate client experiences while optimizing operating costs.
Top 10 Companies in Cloud-based Contact Center Market:
Genesys
Ameyo
Aircall
RingCentral, Inc.
Microsoft
Vocalcom
Cisco Systems, Inc.
Five9, Inc.
Oracle
TCN, Inc.
Avaya LLC
North America had the largest market share of 36.08% in 2023, with a worth of USD 8.24 billion. Several factors contribute to this supremacy, including the region's early embrace of cloud technology, strong digital infrastructure, and a highly established customer service industry.
The Rise of Cloud-based Contact Centers:
Traditional on-premises contact center solutions are giving way to cloud-based alternatives, driven by several factors. The scalability, flexibility, and cost-effectiveness of cloud-based models make them an attractive option for businesses of all Shares. With cloud-based solutions, companies can scale resources up or down based on demand, access advanced features and functionalities, and benefit from lower upfront costs and simplified management
Market Trends and Dynamics:
Customers expect seamless interactions across multiple channels. Cloud-based contact centers facilitate omnichannel communication by integrating voice, email, chat, social media, and messaging apps into a unified platform
Artificial intelligence (AI) and automation are transforming contact center operations. Cloud-based solutions leverage AI for tasks like chatbots, virtual assistants, sentiment analysis, and predictive analytics, enhancing efficiency and personalization.
Applications and Future Outlook:
Rapid Technological Advancements: Continued advancements in technology, including AI, machine learning, natural language processing, and automation, will further enhance the capabilities of cloud-based contact centers. These technologies will enable more personalized, efficient, and intelligent customer interactions.
Integration with AI & Analytics: Integration with AI-driven analytics tools will become standard in cloud-based contact center solutions, enabling businesses to gain deeper insights into customer behavior, agent performance, and operational efficiency. AI-powered features such as chatbots, virtual assistants, and predictive analytics will become more sophisticated and widely adopted.
Segmentation Analysis of the cloud-based contact center market involves dividing the market into distinct segments based on various factors to better understand customer needs, preferences, and behaviors.
Company Share:
Small and Medium-Shared Enterprises (SMEs)
Mid-market companies
Large Enterprises
Industry Vertical:
Finance and Banking
Healthcare and Pharmaceuticals
Retail and E-commerce
Telecommunications
Deployment Model:
Public Cloud
Private Cloud
Hybrid Cloud
Contact Us:
Kings Research
Phone: (+1) 888 328 2189
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IVF Time-lapse Imaging Devices Market Overview: Extensive Evaluation of Market Size, Share, Growth Opportunities
The global IVF time-lapse imaging devices market size is expected to reach USD 1,787.8 million by 2030, based on a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 23.7% from 2024 to 2030 owing to the rise in infertility cases due to sedentary lifestyles. Infertility is being driven by lifestyle as well as behavioral changes that reflect a rising proportion of working women, advanced maternal and paternal age, reduced marriage rates, and marriage postponement.
The demand for IVF solutions is on the rise due to the increasing number of people facing issues with naturally conceiving. The rising rate of obesity adds substantially to the incidence of infertility, as obese women are more vulnerable to infertility and uterine disorders. According to the WHO, one out of every six couples experiences issues related to infertility. In India, over 3 million people in India actively sought IVF in 2019. During the COVID-19 pandemic, the IVF market was affected as the number of individuals opting for IVF and IUI procedures reduced significantly. The percentage of people undertaking IVF cycles globally fell by 90%.
IVF Time-lapse Imaging Devices Market Report Highlights
Hospitals & other settings segment dominated the market and accounted for the highest revenue percentage of 77.0% in 2023.
Europe dominated the IVF time-lapse imaging devices market in 2023 with a market share of 36.1% due to increased infertility cases and fertility tourism, driving demand for IVF procedures.
The U.S. accounted for a share of 92.9% in North America in 2023 and attributed to grow as many patients are now practicing the IVF treatment.
Asia Pacific IVF time-lapse imaging devices market is anticipated to witness significant growth in the market with a CAGR of 25.9%.
For More Details or Sample Copy please visit link @: IVF Time-lapse Imaging Devices Market Report
COVID-19 imposed significant changes including paving the way for the sector's digital adoption. To survive and thrive in challenging times, the global IVF market was pushed to prioritize operational efficiency and telehealth implementation. Moreover, since 2019 the fertility market has been one of the top six most-invested treatment areas. As per Crunchbase website data, the global investments in fertility startups have increased by 89 percent from USD 93 million in 2020 to USD 176 million in 2021.
Artificial intelligence can be used to automate processes that are prone to human-derived subjectivity as well as variability. As clinics encounter rising patient demand, which frequently necessitates more and more advanced techniques, there is a clear need to automate as many procedures as possible to ensure the standard treatment quality while optimizing clinic resources. For instance, in April 2021, Life Whisperer announced a notable advancement in using AI to help embryologists rank and choose genetically better and healthier embryos in IVF without invasive procedures. Life Whisperer Genetics, a new AI product, necessitates only camera images of embryos to evaluate their genetic integrity. The AI analyses the physical morphology of the embryo based on the images to ascertain whether the embryo is genetically standard (euploid) and has a complete set of chromosomes.
List of major companies in the IVF Time-lapse Imaging Devices Market
Vitrolife
Esco Medical
Genea BIOMEDX
ASTEC CO., Ltd.
For Customized reports or Special Pricing please visit @: IVF Time-lapse Imaging Devices Market Analysis Report
We have segmented the global IVF time-lapse imaging devices market on the basis of end use and region.
#IVFTechnology#ReproductiveHealth#FertilityCare#MedicalDevices#HealthcareInnovation#EmbryoMonitoring#FertilityClinics#AssistedReproduction#IVFSuccess#EmbryoSelection#ReproductiveTech#FertilitySolutions#MedicalAdvancements#HealthcareTrends#InfertilityCare
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Driving Better Decisions and Customer Engagement with Contact Center Analytics
The global contact center analytics market was valued at USD 1.40 billion in 2022 and is projected to grow at a robust compound annual growth rate (CAGR) of 19.7% from 2023 to 2030. This significant growth is driven by the increasing demand for analytics within contact centers, which provide valuable insights into various key performance indicators (KPIs). These include employee performance, call handling times, customer satisfaction, and overall operational efficiency. The ability to track and measure these metrics helps businesses to enhance service quality, streamline operations, and improve the customer experience.
A key factor contributing to the rising demand for contact center analytics is the growing reliance on social media platforms. With the increasing volume of customer feedback shared through blogs, posts, and forums, contact center analytics solutions have become essential tools for companies to process and analyze this content in real-time. By doing so, organizations can gain a deeper understanding of public sentiment, identify emerging trends, and respond to customer concerns more effectively. Additionally, contact center analytics can decipher the often informal and fragmented language found on social media, including slang, abbreviations, acronyms, and regional expressions, which can be difficult to interpret without advanced analytics tools.
These capabilities not only enhance businesses' ability to stay ahead of competitors but also allow them to improve business processes and customer engagement strategies based on real-time insights. As a result, the demand for contact center analytics solutions is expected to continue rising, particularly among companies aiming to optimize their customer service operations and gain a competitive advantage in their industries.
Furthermore, the increasing integration of Artificial Intelligence (AI) technologies into contact center solutions is anticipated to open new avenues for market growth. AI-powered analytics platforms offer the ability to automate data analysis, personalize customer interactions, and improve agent efficiency while also reducing operational costs. The automation of routine tasks and the provision of actionable insights further enhance the value of contact center analytics, making them a critical component of modern customer service strategies. The growing emphasis on AI-driven solutions is expected to accelerate the adoption of these technologies and drive the expansion of the contact center analytics market over the coming years.
Regional Insights
North America:
North America led the global contact center analytics market, accounting for the largest revenue share of 31.6% in 2022. The region's dominance can be attributed to the presence of key industry players such as SAP SE, Oracle Corp., and Cisco Systems, Inc., which have established a strong foothold in the market. Additionally, North America is home to a large number of enterprises with extensive operations and numerous customer contact centers, creating a robust demand for analytics solutions. The continuous growth of businesses in this region, coupled with an increasing focus on improving operational efficiency and customer service, is expected to fuel further market expansion. Moreover, the growing adoption of automated services, such as AI-driven chatbots and virtual assistants, is propelling the demand for advanced contact center analytics, as organizations seek to optimize their customer interactions and gain actionable insights from customer data.
Asia Pacific:
Asia Pacific, on the other hand, is projected to experience the fastest growth, with an anticipated compound annual growth rate (CAGR) of 22.0% during the forecast period. This rapid expansion can be attributed to the ongoing digital transformation across the region, as well as the rising disposable income levels, which have led to a surge in the adoption of smartphones and other mobile devices. The high volume of customer data generated through these devices is driving the demand for advanced analytics solutions, as businesses in various sectors strive to improve customer experience and engagement at their contact centers.
Furthermore, the growing number of small and medium-sized enterprises (SMEs) in Asia Pacific are increasingly turning to contact center analytics solutions to enhance their customer service offerings. The demand from SMEs is particularly strong as they seek to leverage data-driven insights to streamline operations, improve customer satisfaction, and remain competitive in an increasingly digital marketplace. As these businesses continue to adopt contact center analytics tools, the regional market is expected to see significant growth, making Asia Pacific one of the most dynamic markets for contact center analytics in the coming years.
In summary, while North America remains the largest market for contact center analytics, Asia Pacific is poised to see the highest growth, driven by digitalization, mobile device adoption, and the increasing need for data-driven customer service improvements.
Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.
The global cryptocurrency market size was estimated at USD 5.70 billion in 2024 and is projected to grow at a CAGR of 13.1% from 2025 to 2030.
The global coding and marking equipment market size was valued at USD 17.53 billion in 2024 and is projected to expand at a CAGR of 6.1% from 2025 to 2030.
Key Companies & Market Share Insights
Market players in the contact center analytics industry are continuously focusing on innovations to personalize their offerings and differentiate themselves in a highly competitive landscape. In order to meet the diverse needs of potential customers, vendors are increasingly incorporating advanced technologies such as Natural Language Processing (NLP), Artificial Intelligence (AI), and machine learning into their solutions. These technologies enable businesses to provide more effective, accurate, and insightful analytics, which enhances the overall customer experience, improves operational efficiency, and supports data-driven decision-making.
For example, in September 2021, Service Management Group (SMG), a global leader in patient, customer, and employee experience management, expanded its partnership with CallMiner, a provider of conversational analytics solutions. This collaboration aims to enhance SMG's ability to deliver actionable insights through advanced speech and text analytics powered by AI and NLP. By integrating CallMiner’s capabilities, SMG is able to offer more robust analytics solutions that can better understand customer interactions, including sentiment analysis and emotion detection, to drive improved outcomes for both customers and businesses. This partnership highlights how companies are leveraging technology to better understand customer feedback, optimize contact center operations, and ultimately, deliver a more personalized experience.
Key Contact Center Analytics Companies:
8x8, Inc.
CallMiner
Cisco Systems, Inc.
Enghouse Interactive
Five9, Inc.
Genesys.
Genpact Ltd.
Mitel Networks Corp.
NICE
Oracle
SAP SE
Verint Systems Inc.
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