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rohitpalan · 3 days ago

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Threat Intelligence Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2024-2034

According to the most recent FMI market estimate, the threat intelligence industry is expected to be valued US$ 11.6 billion by 2023. The market is anticipated to reach US$ 55 billion by 2033, growing at a 16.9% CAGR.

As cyberattacks and criminal behaviour increase in frequency and sophistication over the next few years, threat information will probably become more and more in-demand. The BFSI industry, which manages important financial data and has a substantial customer base, is expected to increase the market. Cyber risks can take many different forms, such as malware for ATMs and mobile banking, tax evasion, organisational infiltration, and data theft.

Favorable government regulations that secure IT systems and practices to safeguard crucial consumer data also benefit the sector. In order to defend against cyberattacks, a number of commercial and public banking institutions around the world emphasize the use of cutting-edge technologies. Additionally, technological developments have increased customer expectations and legal requirements are forcing baking establishments to change their business practices.

Key Takeaways from the Threat Intelligence Industry:

The United States threat intelligence market is predicted to maintain its dominant position over the forecast period by holding the majority of the market share. By 2033, the market is predicted to gain US$ 9.9 Bn, exhibiting a CAGR of 10.6%.

Japan is expected to emerge as the fastest-growing country, growing at an impressive CAGR of 23.6% in the coming years. Significant adoption of Japanese companies’ threat intelligence solutions by Fortune 500 clients in segments like financial services, retail, and high-tech manufacturing.

Under the component category, the solution segment is projected to be the highly-preferred option for adoption by end users. Between 2023-2033, the market is forecast to grow at a CAGR of 13.4%.

The cloud-based threat intelligence is gaining prominence in the market. The integration of threat intelligence with the cloud empowers businesses to identify and stop the attack in advance. This segment is forecast to exhibit a CAGR of 16.1% over the forecast period.

Recent News Pertaining to the Performance and Developments of Threat Intelligence Key Players

In February 2022, IBM unveiled the acquisition of Neudesic, which is a US-based cloud services consulting agency. With this acquisition, the company intends to expand its portfolio of multi-cloud services, along with refining its AI and hybrid cloud strategy solutions.

In March 2022, Fortinet declared a partnership with five other new service providers. These service providers include Microland, Etihad Atheeb Telecom Company “GO,” Spectrotel, Radius Telecoms Inc., and TIME dotcom. The motive of this partnership is to deliver a simpler network architecture having advanced security, to achieve operational efficiency anywhere.

In March 2021, RBN Insurance Services, a Chicago-based insurance brokerage, announced that it is partnering with RealCISO, which is a security services marketplace. With this partnership, RBN clients will get the chance to conduct risk assessments and find products and services that meet their requirements.

Threat Intelligence Industry Survey by Category

By Component:

Solution

Threat Intelligence Platforms

Security Information and Event Management

Log Management

Security and Vulnerability Management

Identity and Access Management

Risk and Compliance Management

Incident Forensics

User and Entity Behavior Analytics

Services

Advanced Threat Management Managed Service

Professional Managed Services

Professional Training and Support Services

Security Intelligence Feeds Managed Service

By Deployment Mode:

Cloud-Based

On-Premises

By Industry:

BFSI

Government and Defense

IT and Telecom

Healthcare

Retail

Manufacturing

Education

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia Pacific

MEA

#threat intelligence industry

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global-research-report · 5 days ago

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Trends in the Integration Platform as a Service (iPaaS) Market 2024 - 2030

The global integration platform as a service market size is expected to reach USD 71.35 billion by 2030, registering a CAGR of 32.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions.

Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity of its operations and better connect to cloud services. The integrations also save the time by providing a common platform for various applications.

The technologies relevant and compatible with Integration flow development, API life cycle management have prevailed with prominence along with the integration of B2B and IoT services with cloud-based platforms. The IPaaS integrates all such industry services and its applications within a common platform. The services such as Internet of things (IoT) and Application Process Integration (API) with continuous increase in the number of users and vendors have resulted in accelerated growth of IPaaS market.

IPaaS hybrid segment was the largest deployment category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. It accounted for a share of 43% in 2016. Hybrid deployment module was the largest service category in 2016 and is expected to maintain a comparatively high growth rate over the forecast period.

Integration Platform As A Service Market Report Highlights

The cloud service orchestration segment held the largest market revenue share of 26.8% in 2023. As companies scale their operations, they require more agile and scalable solutions to manage complex integrations across diverse applications and data sources.

Application Programming Interfaces (API) Management has poised to grow with lucrative CAGR of 34.3% in projected years. APIs are crucial connectors that enable seamless communication and integration between various applications, systems, and services.

The public cloud segment held the largest market share in 2023. Public cloud offerings provide scalability and flexibility, allowing businesses to easily scale their integration needs according to demand without heavy upfront investments in infrastructure.

Large enterprises segment held the largest market share in 2023. Large enterprises typically have complex IT environments with diverse applications, systems, and data sources across various departments and locations.

BFSI dominated the market in 2023. The BFSI industry operates in a highly regulated environment with many data privacy and security standards.

The North America region dominated the integration platform as a service market with a revenue share of 37.2% in 2023. North American enterprises increasingly adopt cloud-based solutions to streamline operations and enhance scalability.

Asia Pacific market is expected to experience the fastest CAGR over the forecast period. Asia-Pacific countries are experiencing rapid digital transformation across various retail, manufacturing, healthcare, and finance sectors.

Integration Platform As A Service Market Segmentation

Grand View Research has segmented the global integration platform as a service market on the basis of on service, deployment, enterprise size, end-use, and region:

Integration Platform As A Service Service Outlook (Revenue, USD Million, 2018 - 2030)

Cloud Service Orchestration

Data Transformation

API Management

Data Integration

Real-time Monitoring and Integration

Others

Integration Platform As A Service Deployment Outlook (Revenue, USD Million, 2018 - 2030)

Public Cloud

Private Cloud

Hybrid Cloud

Integration Platform As A Service Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

Small & Medium Enterprises

Large Enterprises

Integration Platform As A Service End-use Outlook (Revenue, USD Million, 2018 - 2030)

BFSI

Energy and Utilities

IT and Telecom

Government and Public Sector

Healthcare

Manufacturing

Retail

Others

Integration Platform As A Service Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

France

Asia Pacific

Japan

China

Australia

South Korea

Latin America

Brazil

Argentina

Middle East and Africa (MEA)

South Africa

Saudi Arabia

UAE

Order a free sample PDF of the Integration Platform as a Service Market Intelligence Study, published by Grand View Research.

#Integration Platform as a Service Market

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industrynewsupdates · 8 days ago

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A Deep Dive into the Next-Generation Data Storage Market: Insights and Analysis

The global next-generation data storage market size is anticipated to reach USD 116.69 billion by 2030 and is projected to grow at the CAGR of 9.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is driven chiefly by the rising consumer need for reliable, secure, and cost-efficient ways of storing and managing data.

Increase in digitization of data is also one of the key drivers of the market growth. Furthermore, IoT and embedded devices generate data, log files, and metadata. Secure storage of large-scale datasets is the need of the hour and cloud computing is positioned to cater this need of the market efficiently. Advancements and the increased adoption of cloud computing technologies and services such as, such as hybrid cloud, IoT, BDaaS, and PaaS, are also expected to play a crucial role in the market growth in the near future.

The demand for next-generation data storage platform and technologies is also expected to rise in the face of the emergence of smart machines such as self-driving cars and robots. Technological advancement such as internet, sensors, and data storage systems has allowed computer developers to collect and analyze an unprecedented volume of data. These software-enabled machines are expected to be controlled and operated from centralized remote positions. Integration of private and public cloud platforms is anticipated to build a secure cloud environment.

The data storage, management, and organization across several verticals are often subject to constrained adoption. For instance, the rising adoption of SaaS, IaaS, and other platform models in healthcare, banking, retail, and other sectors require a mutual adaptation from the organization as well as cloud service provider. Industrial expertise and technological advancements must be combined to achieve high-speed, large-scale, efficient, and secure data storage. Nevertheless, emergence of advanced technologies - backed by an increase in funding for R&D in nascent and investigational products - indicate a promising future for the global market.

Gather more insights about the market drivers, restrains and growth of the Next-Generation Data Storage Market

Next-Generation Data Storage Market Report Highlights

• Penetration of next generation data storage devices in developing countries could be challenged by financial constraints

• Based on storage system, the network-attached storage (NAS) segment is anticipated to witness at the fastest CAGR over the forecast period. The growing need to manage large volumes of structured and unstructured data will promote growth of NAS

• Based on storage technique, the solid state drive storage segment led the market with the largest revenue share of 32.86% in 2023. As it offers more secure data encryption and storage using electronic chips

• The Asia Pacific market is anticipated to witness at the fastest CAGR during the forecast period, driven by a rise in disposable income and growing consumer awareness regarding need of next-gen data storage devices

Next-Generation Data Storage Market Report Highlights

Grand View Research has segmented the global next-generation data storage market report based on technology, technique, type, end use, and region.

Next-Generation Data Storage Technique Outlook (Revenue, USD Million, 2017 - 2030)

• Magnetic Storage

• SSD

• Hybrid Flash Array

Next-Generation Data Storage System Outlook (Revenue, USD Million, 2017 - 2030)

• Direct-Attached Storage

• Network-Attached Storage

• Storage Area Network

• Others

Next-Generation Data Storage Type Outlook (Revenue, USD Million, 2017 - 2030)

• Local (on-premise)

• Remote (cloud)

• Hybrid

Next-Generation Data Storage End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Home

• Business

o BFSI

o Retail

o Healthcare

o Government Bodies

o Telecom Companies

o Cloud Service Providers

o Others

Next-Generation Data Storage Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o Singapore

o South Korea

• South America

o Brazil

• Middle East & Africa

o KSA

o UAE

o South Africa

Order a free sample PDF of the Next-Generation Data Storage Market Intelligence Study, published by Grand View Research.

#Next-Generation Data Storage Market #Next-Generation Data Storage Market Size #Next-Generation Data Storage Market Share #Next-Generation Data Storage Market Analysis #Next-Generation Data Storage Market Growth

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qksgrouptech · 25 days ago

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In the digital age, bots are both a boon and a bane for organizations worldwide. While legitimate bots help automate essential tasks like data aggregation and personalized recommendations, malicious bots pose significant challenges, from data theft and account fraud to service disruptions through Distributed Denial-of-Service (DDoS) attacks. As a result, Bot Management Market Forecasthas become a critical area of focus, driving the adoption of advanced solutions aimed at detecting, mitigating, and preventing bot-driven attacks.

The bot management market is projected to witness robust growth from 2023 to 2028, fueled by increasing cybersecurity awareness, regulatory pressures, and the growing sophistication of bot attacks. This blog delves into the global market forecast, key trends, and major players shaping the bot management industry.

Market Overview (2023-2028)

Market Size and Growth

The bot management market was valued at approximately $1.5 billion in 2023 and is expected to grow at a CAGR of 23% over the forecast period, reaching a valuation of $4 billion by 2028. This rapid growth is attributed to:

Rising Cybersecurity Threats: The increasing frequency and complexity of automated attacks, such as credential stuffing, web scraping, and API abuse.

Cloud Adoption: The shift towards cloud-based services creates vulnerabilities that malicious bots exploit, driving demand for bot management solutions.

E-commerce Expansion: The proliferation of e-commerce platforms, where bots are often used for inventory hoarding and price scraping, intensifies the need for robust defenses.

Regional Insights

North America: Dominates the market with a 40% share in 2023 due to the region's advanced IT infrastructure and strong focus on cybersecurity.

Europe: Accounts for 30% of the market, with significant contributions from the BFSI and e-commerce sectors.

Asia-Pacific: Exhibits the highest growth rate, driven by rapid digital transformation in emerging economies like India and Southeast Asia.

Middle East & Africa, and Latin America: Show moderate growth, but increasing awareness and investments in cybersecurity are expected to boost adoption rates.

Key Trends and Drivers

1. Rise of API Protection

APIs are the backbone of modern digital ecosystems, enabling seamless connectivity across platforms. However, they are also a significant attack vector. Bot Management Market Share solutions increasingly incorporate API security features to protect against API abuse, ensuring business continuity and data integrity.

2. Integration of AI and ML

Artificial Intelligence (AI) and Machine Learning (ML) technologies are at the core of advanced bot management systems. These capabilities enable real-time detection and mitigation of sophisticated bot activities, even adapting to new attack patterns.

3. Cloud and SaaS Adoption

Cloud-native and Software-as-a-Service (SaaS)-based bot management solutions are gaining traction due to their scalability, cost-efficiency, and ease of deployment. They cater to small and medium enterprises (SMEs) that often lack dedicated IT resources.

4. Regulatory Compliance

Data protection laws, such as GDPR in Europe and CCPA in California, mandate stringent measures against unauthorized access and data breaches. Bot management solutions help organizations comply by securing sensitive information against automated threats.

5. Industry-Specific Solutions

Sectors like e-commerce, healthcare, and financial services are adopting industry-specific bot management solutions tailored to address unique challenges such as carding attacks in retail or patient data security in healthcare.

Competitive Landscape

The bot management market is fiercely competitive, with leading vendors offering innovative solutions to stay ahead. Key players include:

Akamai Technologies: A leader with a focus on integrating bot management into its comprehensive security suite.

Cloudflare: Renowned for its ease of use and advanced threat intelligence capabilities.

PerimeterX: Specializes in protecting against bot-driven fraud in the e-commerce sector.

Imperva: Offers robust API protection and real-time analytics to combat malicious bots.

Radware: Combines AI-driven insights with DDoS mitigation capabilities for comprehensive protection.

Startups like DataDome and Kasada are also making significant strides, leveraging AI and innovative pricing models to disrupt the market.

Future Outlook

The next five years will see increased adoption of bot management solutions across industries as organizations recognize the importance of safeguarding their digital assets. Key advancements to watch include:

Behavioral Biometrics: To identify bots mimicking human behavior.

Hybrid Deployment Models: Combining on-premise and cloud capabilities for enhanced flexibility.

Focus on Small and Medium Enterprises: Vendors will develop cost-effective solutions to penetrate the SME segment, which remains under-addressed.

Conclusion

The bot management market is set for exponential growth between 2023 and 2028, driven by the escalating sophistication of bot attacks and the increasing digitalization of business operations. Organizations must prioritize robust bot management strategies to mitigate risks, maintain compliance, and secure customer trust. As innovation continues to transform this space, the market is poised to play a pivotal role in shaping the future of cybersecurity.

#WebApplicationSecurity #BotManagement #CyberSecurity #BotDetection

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amrutatbrc1 · 29 days ago

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Data Warehouse As A Service Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The data warehouse as a service global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Data Warehouse As A Service Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The data warehouse-as-a-service market size has grown exponentially in recent years. It will grow from $5.81 billion in 2023 to $7.07 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to need to enhance customer experience, increasing demand for data security, rising use of data warehouse services in BFSI sector, increase adoption of cloud system growing data manageability, the proliferation of big data to increase demand.

The data warehouse-as-a-service market size is expected to see rapid growth in the next few years. It will grow to $15.16 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to growing demand of centralized data storage, growing e-commerce activity, rapid adoption of cloud-based solutions and focus on real-time data analysis, data analytics and business intelligence are expected to play a major role in enterprise management, increasing investments by data center companies in hyper-scale data centers. Major trends in the forecast period include integration of new technologies and single server solutions, increase in demand for ICT industry, rising government initiatives, growing demand for cloud system, increasing demand for data-driven decision-making, advancements in technology.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/data-warehouse-as-a-service-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The growing demand for centralized data storage is expected to propel the growth of the data warehouse-as-a-service market going forward. Centralized data storage refers to the practice of storing and maintaining data in a single, central location. The generation of massive amounts of data, requiring scalable and centralized storage solutions. Data warehouse-as-a-service market is used in centralized data storage to consolidate data from various sources (databases, applications, files) into a single, unified platform, creating a centralized repository. For instance, in January 2024, according to a report by Application Access Governance Information Technology Services, a UK-based company that offered a full suite of information technology (IT) support and digital transformation services, around 60% of corporate data was stored in the cloud, and cloud infrastructure spend is estimated to increase by 23% in 2023. Therefore, the growing demand for centralized data storage is driving the growth of the data warehouse-as-a-service market.

Market Trends - Major companies operating in the data warehouse-as-a-service market are developing innovative solutions such as SAP datasphere to address the challenges of traditional data warehouses. These cloud-based data warehouse solutions enables organizations to harmonize the strategic data and facilitate decision-making. For instance, in March 2023, SAP SE, a Germany-based software company, launched SAP datasphere, a cloud data warehouse service. It offers a comprehensive solution that collects and organizes metadata, enabling organizations to manage all system objects, access reliable data for quality modeling, and perform data lineage and impact analysis. The new SAP Datasphere catalogue is the primary location for locating, enhancing, publishing, and promoting the company's reliable data and analytical assets, while also offers an efficient data governance approach.

The data warehouse as a service market covered in this report is segmented –

1) By Type: Enterprise Data Warehouse As A Service (DWaaS), Operational Data Storage 2) By Usage: Data Mining, Reporting, Analytics 3) By Deployment: Private Cloud, Public Cloud, Hybrid Cloud 4) By Application: Fraud Detection And Threat Management, Supply Chain Management, Asset Management, Risk And Compliance Management, Customer Analytics 5) By Vertical: Banking Financial Services And Insurance (BFSI), Retail And Ecommerce, Telecommunication And Information Technology (IT), Healthcare And Life Sciences, Manufacturing And Automotive, Government And Public Sector, Travel And Hospitality, Media And Entertainment,

Get an inside scoop of the data warehouse as a service market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=13833&type=smp

Regional Insights - North America was the largest region in the data warehouse-as-a-service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data warehouse as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Google LLC, Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., The International Business Machines Corporation, Oracle Corporation, SAP SE, Fujitsu Limited, Hewlett Packard Enterprise Development LP, VMware Inc., NetApp Inc., Veeva Systems Inc., Teradata Corporation, Nutanix , Snowflake Inc. , Cloudera Inc., Quantum Corporation, Mark Logic Corporation, Yellowbrick B.V., AtScale Inc., Micro Focus International Plc, Action Corporation, Netavis GmbH, Scale Computing , DataCore Software, Maxta Inc., Sangfor Technologies, 1010data, Solver, Panoply

Table of Contents 1. Executive Summary 2. Data Warehouse As A Service Market Report Structure 3. Data Warehouse As A Service Market Trends And Strategies 4. Data Warehouse As A Service Market – Macro Economic Scenario 5. Data Warehouse As A Service Market Size And Growth ….. 27. Data Warehouse As A Service Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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shubhamimarc · 1 month ago

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Russia Human Resource (HR) Technology Market Analysis, Growth, and Forecast 2024-2032

Russia Human Resource (HR) Technology Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Size in 2023 USD 464.5 Million

Market Forecast in 2032 USD 1015.77 Million

Market Growth Rate 2024-2032 8.10%

The Russia Human Resource (HR) Technology Market is driven by the growing adoption of digital solutions to streamline recruitment, employee management, and workplace efficiency. According to the latest report by IMARC Group, The Russia human resource (HR) technology market size reached USD 464.5 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 1015.77 Million by 2032, exhibiting a growth rate (CAGR) of 8.10% during 2024-2032.

Download a sample copy of the Report: https://www.imarcgroup.com/russia-human-resource-technology-market/requestsample

Russia Human Resource (HR) Technology Industry Trends and Drivers:

The Russia human resource (HR) technology market is expanding rapidly, owing to several interconnected factors. Primarily, the increasing tech sector of the nation as well as the evolving need for effective HR solutions also contribute to the growth of the market, which is driven by the rising use of digital tools in workforce management. In line with these factors, enterprises across Russia are increasingly investing in HR technology to streamline operations such as payroll management, talent acquisition, and employee training. Additionally, the initiatives of the government bodies promoting digital transformation within businesses are also contributing to the growth of HR technology in the Russia human resource (HR) technology market. Furthermore, the shift towards remote work, accelerated by recent global events, is pushing companies to adopt cloud-based HR platforms that enable seamless collaboration and employee management regardless of location.

A significant trend in the Russia human resource (HR) technology market is the growing preference for AI-powered tools to enhance talent analytics and recruitment processes. Moreover, employers are leveraging AI and machine learning to identify suitable candidates, assess employee performance, and predict workforce needs, leading to improved productivity and cost efficiency. In addition to these factors, companies are focused on incorporating mobile-accessible HR platforms to support a more flexible and user-friendly employee experience. Apart from this, as cybersecurity concerns rise, HR technology providers are also enhancing data protection measures, which is vital for maintaining the security of sensitive employee information. These advancements are expected to drive continued adoption and innovation in the sector. Consequently, the convergence of these factors is anticipated to propel the expansion of the Russia human resource (HR) technology market in the coming years.

IMARCs report provides a deep dive into the Russia human resource (HR) technology market analysis, outlining the current trends, underlyingmarket demand, and growth trajectories.

Russia Human Resource (HR) Technology Industry Segmentation:

The report has segmented the market into the following categories:

Application Insights:

Talent Management

Payroll Management

Performance Management

Workforce Management

Recruitment

Others

Type Insights:

Inhouse

Outsourced

Company Size Insights:

Less than 1k Employees

1k -5k Employees

Greater than 5k Employees

End-Use Industry Insights:

TTH (Travel, Transportation, Hospitality)

Public Sector

Health Care

Information Technology

BFSI (Banking, Financial Services, and Insurance)

Others

Regional Insights:

Central District

Volga District

Urals District

Northwestern District

Siberian District

Others

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key highlights of the Report:

Market Performance (2018-2023)

Market Outlook (2024-2032)

COVID-19 Impact on the Market

Porter’s Five Forces Analysis

Strategic Recommendations

Historical, Current and Future Market Trends

Market Drivers and Success Factors

SWOT Analysis

Structure of the Market

Value Chain Analysis

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Group

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Email: [email protected]

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credenceresearchdotblog · 1 month ago

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The Remote Browser is projected to grow from USD 2985 million in 2024 to an estimated USD 13094 million by 2032, with a compound annual growth rate (CAGR) of 20.3% from 2024 to 2032.The rise of cyber threats and the ever-evolving landscape of digital interactions have spurred interest in technologies that enhance online security. Among these, the remote browser market has emerged as a critical solution for mitigating web-based risks. Remote browsers isolate browsing activity from end-user devices, offering a secure environment to access the web without the direct exposure of sensitive systems. This article delves into the dynamics of the remote browser market, its driving forces, challenges, and future potential.

Browse the full report at https://www.credenceresearch.com/report/remote-browser-market

Market Drivers

Growing Cybersecurity Concerns The increasing sophistication of cyberattacks—ranging from ransomware to zero-day exploits—has made traditional security tools like firewalls and antivirus software insufficient. Businesses, especially those handling sensitive data, are turning to remote browsers as a preventive solution.

Shift to Remote Work The pandemic-induced shift to remote work has expanded the attack surface for cybercriminals. Organizations are deploying remote browser solutions to ensure secure web access for their distributed workforce, reducing vulnerabilities linked to personal devices and public networks.

Stringent Regulatory Requirements Compliance with data protection regulations such as GDPR, CCPA, and HIPAA mandates robust security measures. Remote browsers can help organizations meet these requirements by minimizing the risk of data breaches.

Demand for BYOD Security The Bring Your Own Device (BYOD) trend has introduced significant security challenges. Remote browsers allow employees to access corporate resources securely from personal devices, reducing the risk of data leakage.

Challenges Facing the Market

High Costs Implementing remote browser solutions, particularly for large enterprises, can be expensive. This includes costs related to server infrastructure, bandwidth, and ongoing maintenance.

Performance Issues Remote browsers may experience latency, affecting the user experience. For organizations relying on high-speed access, this could pose a significant challenge.

Limited Awareness Many small and medium-sized businesses (SMBs) are unaware of the potential benefits of remote browsers, hindering market adoption in this segment.

Future Outlook

The global remote browser market is poised for significant growth, with analysts projecting a compound annual growth rate (CAGR) of over 15% through 2030. Key growth areas include:

Artificial Intelligence Integration: Leveraging AI to predict and block threats in real-time.

5G Adoption: Enhancing the performance of remote browsing solutions by reducing latency.

Expanding Use Cases: Beyond cybersecurity, remote browsers are being explored for digital forensics, education, and training applications.

Key Player Analysis:

Bromium, Inc.

Authentic8, Inc.

Bomgar Corporation

Cigloo, Inc.

Citrix Systems, Inc.

Cyberinc

Ericom Software

Light Point Security

Menlo Security

Symantec Corporation

Tucloud Federal Inc.

Segmentation:

By Deployment Mode:

Cloud-based

On-premises

By Organization Size:

Small & Medium-sized Enterprises (SMEs)

Large Enterprises

By End-Use:

Banking, Financial Services, and Insurance (BFSI)

Healthcare

Government and Public Sector

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/remote-browser-market

About Us:

Credence Research is committed to employee well-being and productivity. Following the COVID-19 pandemic, we have implemented a permanent work-from-home policy for all employees.

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: [email protected]

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latestmarketresearchnews · 2 months ago

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Identity And Access Management Industry Development Trends Report By 2030

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

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

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

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

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

End-use Segmentation Insights:

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

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

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

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

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researchreportinsight · 2 months ago

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Identity And Access Management Industry Insights and Trends Report by 2030

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

End-use Segmentation Insights:

Order a free sample PDF of the Identity And Access Management Market Intelligence Study, published by Grand View Research.

#Identity And Access Management Market Research #Identity And Access Management Market Forecast

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marketanalysisdata · 2 months ago

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Cloud Computing Industry - Overview, Trends, Key Drivers and Growth Forecasts Till 2030

The global cloud computing market was valued at USD 602.31 billion in 2023, with an anticipated growth at a compound annual growth rate (CAGR) of 21.2% from 2024 to 2030. This rapid expansion is driven by multiple factors, including the increasing recognition among large enterprises of the transformative capabilities of cloud computing. Migration to cloud platforms allows these enterprises to streamline their operations, enhance flexibility, and improve efficiency, all of which contribute to performance gains across entire organizations.

A significant factor driving cloud computing's popularity is the rise of hybrid and multi-cloud solutions, which offer businesses the flexibility to select multiple cloud providers to create a tailored infrastructure solution that aligns with their unique requirements. This setup enables organizations to capitalize on the specialized strengths of different providers. Additionally, the pay-as-you-go pricing models in cloud computing eliminate the need for large, upfront investments typically associated with traditional IT infrastructure. This is particularly advantageous for businesses in developing economies, where digital transformation initiatives are accelerating as companies seek cost-effective ways to enhance their digital capabilities and compete globally.

Gather more insights about the market drivers, restrains and growth of the Cloud Computing Market

Governments worldwide are also contributing to the momentum behind cloud adoption by implementing data security regulations that strengthen trust within the cloud ecosystem. These regulations are designed to create a more secure environment for cloud operations, addressing concerns that might otherwise hinder adoption. The COVID-19 pandemic further accelerated the adoption of cloud computing as organizations needed to adapt to remote work environments quickly. Cloud solutions provided the necessary scalability and accessibility to support a distributed workforce, making it possible for employees to stay connected and productive regardless of location.

However, as cloud adoption grows, concerns about data privacy and security remain a critical obstacle. Businesses are understandably cautious about storing sensitive information with third-party providers due to risks like data breaches and unauthorized access. To ensure the long-term success of the cloud market, addressing these security concerns with stringent protection measures will be essential for building trust and driving continued growth.

The market expansion is also fueled by adoption among small and medium-sized organizations (SMOs) and governments in developing countries. SMOs are increasingly aware of the benefits of cloud-based solutions, which offer a cost-effective and scalable alternative to traditional on-premise infrastructure. This model allows SMOs to access enterprise-level computing power without incurring high initial costs or managing complex IT systems. Additionally, cloud technology enhances operational efficiency and agility, enabling SMOs to respond to market changes quickly and compete more effectively.

End-use Segmentation Insights:

In terms of end-use industries, the Banking, Financial Services, and Insurance (BFSI) segment dominated the cloud computing market in 2023, capturing the largest share of revenue. Cloud solutions provide significant cost savings for BFSI firms by reducing reliance on expensive, on-premise infrastructure and IT personnel. Financial institutions use the cloud's scalability to manage increases in data processing and transaction volumes efficiently. Cloud technology also enables quicker launch times for new financial products and services, enhancing agility within the sector. Moreover, cloud-based analytics tools help financial institutions extract valuable insights from large volumes of customer data, allowing them to personalize offerings and improve the customer experience.

The manufacturing segment is expected to experience the highest growth rate in cloud adoption over the forecast period. By leveraging scalable, on-demand cloud resources, manufacturers can streamline operations, optimize production workflows, and improve collaboration across the supply chain. These improvements translate into cost savings by reducing IT infrastructure requirements and allowing for automation of routine tasks. Furthermore, cloud computing enables manufacturers to harness data analytics for real-time insights, facilitating better decision-making and accelerating the time-to-market for new products.

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#Cloud Computing Market Trends #Cloud Computing Market Share

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rohitpalan · 3 days ago

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Blockchain Technology Market Booms with 44.3% CAGR, Set to Reach US$ 181.1 Billion by 2033

The market for blockchain technology is growing as more and more people use blockchain-based solutions for smart contracts, digital identities, and payments. Throughout the projection period, the BFSI and retail industries’ increased focus will help the blockchain technology market develop even more.

Factors such as elevated venture capital funding and investment in blockchain technology, extensive implementation of blockchain solutions in banking and cybersecurity, large scale adoption of blockchain solutions for payment, smart contracts, and digital identities, and increasing government initiatives contribute to the exceptional growth rate of the blockchain market.

During this decade, Blockchain demand opportunities are likely to proliferate due to the limited physical transactions in the past two years and increasing virtual transactions. The heightened demand from sectors like BFSI and the retail sector will further supplement the demand for blockchain. In addition, the deep penetration of smartphones and affordable internet prices will bolster the global sales of the blockchain technology market over the next few years.

Again, the need for safe and secure transactions will propel the target market growth. The distinctive feature of ‘append only’ has made blockchain immutable and tamper-proof. This makes the technology a safe and secure way to record transactions. The retail sector, particularly brands dealing in the trade of luxury goods, will likely adopt this technology to transform into an effective business model. Thus, the target market is expected to prosper over the upcoming years

“High demand for safe and secure transactions will supplement the global growth of the blockchain technology market over the forecast period,” says an FMI analyst.

Key Takeaways:

Regulatory uncertainty may impede the global blockchain technology market growth.

The blockchain technology market in Asia Pacific will present significant growth by the end of 2030.

Massive government investments in blockchain network development projects drive the target market growth in China.

By industry, the BFSI segment is expected to account for major share portion due to the adoption of digital ledgers

On the basis of use case, the supply chain management will register heightened demand.

Competitive Landscape

IBM, Amazon Web Services, SAP, Microsoft, Bitfury Group Limited, Cegeka, Guardtime, CONSENSYS, PixelPlex, LimeChain, Accubits Technologies, SoluLab and Oracle, among others are some of the major players in the blockchain technology market profiled in the full version of the report.

Leading market players are capitalizing on the opportunities available in the current market scenario. These organizations are adopting tactics like product innovation, strategic partnerships, and collaborations to strengthen their market position.

Key Segments of Blockchain Technology Industry Survey

By Solution:

Applications

Middleware

Blockchain Platforms

By Use Case:

Supply Chain Management

Digital Identity

Payments and Money

Trading, Commerce and Exchange

Smart Contracts

Decentralized Finance

Others (Voting, Property Records, etc.)

By Enterprise Size:

Large Enterprises

SMEs

By Industry:

BFSI

Healthcare

Retail and e-commerce

Hospitality and Travel

Government

Media and Entertainment

Transportation and Logistics

Others (Food and Beverages, Real Estate, etc.)

#Blockchain Technology Market

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riya2510 · 8 days ago

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5G System Integration Market Report: Insights, Trends, and Forecast 2022–2030

5G System Integration Market Report – Straits Research

Market Overview

The global 5G System Integration Market was valued at USD 7.76 Billion in 2021 and is projected to grow from USD XX Billion in 2022 to USD 67.16 Billion by 2030, growing at a robust CAGR of 27.1% during the forecast period (2022–2030). The market encompasses the integration of advanced technologies, including 5G networks, IoT devices, cloud computing, and edge computing, into existing infrastructures to enable high-speed communication and seamless connectivity. 5G system integration is essential for businesses across various industries to unlock the full potential of 5G technology, providing faster speeds, lower latency, and more reliable connections. With the growing demand for high-speed, ultra-reliable, and low-latency communications, the 5G system integration market is expected to experience significant growth.

Request a Free Sample (Free Executive Summary at Full Report Starting from USD 1850): https://straitsresearch.com/report/5g-system-integration-market/request-sample

5G System Integration Market Categorization

The 5G System Integration market is segmented in multiple ways, each targeting specific services, industries, and applications that benefit from 5G technology.

1. Services Outlook:

The services provided in 5G system integration can be divided into three main categories:

Consulting: Consulting services are crucial for businesses looking to adopt and integrate 5G technology into their operations. Consultants offer strategic advice on deployment strategies, cost management, and technology selection.

Infrastructure Integration: This involves the integration of 5G infrastructure, such as base stations, towers, and small cells, with existing network systems. This integration ensures the seamless functioning of 5G networks alongside legacy systems.

Application Integration: This service focuses on integrating 5G technology with applications across different sectors, ensuring that businesses can optimize their operations and communication systems by leveraging high-speed data transmission and low latency.

2. Vertical Outlook:

The market for 5G system integration is further segmented by industry verticals, as different sectors adopt 5G technology to enhance their operations:

Manufacturing: The adoption of 5G in manufacturing enables smart factories with automation, robotics, and real-time analytics, improving productivity and efficiency.

Energy & Utility: 5G technology enables real-time monitoring of energy grids, smart meters, and power distribution systems, improving operational efficiency and minimizing downtime.

Media & Entertainment: 5G enables high-quality streaming, virtual reality (VR), and augmented reality (AR) experiences, transforming the entertainment industry and providing new opportunities for content creators.

IT & Telecom: Telecom companies are leveraging 5G technology to upgrade their networks and provide high-speed internet services to customers, while the IT sector uses 5G to support large-scale cloud computing and data processing.

Transportation & Logistics: 5G supports the growth of autonomous vehicles, smart logistics, and real-time tracking, improving operational efficiency and reducing costs in the transportation and logistics industry.

BFSI (Banking, Financial Services, and Insurance): In the BFSI sector, 5G integration allows for secure, real-time transactions, mobile banking services, and enhanced customer experiences.

Healthcare: 5G’s low latency enables telemedicine, remote surgeries, and patient monitoring systems, helping healthcare providers improve patient care and operational efficiency.

Retail: Retailers use 5G technology to enhance customer experiences through augmented reality, personalized shopping experiences, and real-time inventory management.

Others: This category includes sectors such as education, government, and agriculture that are also adopting 5G technology for improved communication, data analysis, and operational efficiency.

3. Application Outlook:

The diverse applications of 5G technology span several fields, each providing unique benefits for different industries:

Smart City: 5G enables the development of smart city applications such as intelligent traffic systems, smart meters, and public safety systems, improving urban living.

Collaborative Robots / Cloud Robots: The integration of 5G with robotics allows for the deployment of collaborative robots in manufacturing and other industries, improving automation and efficiency.

Industrial Sensors: 5G facilitates the use of industrial sensors for real-time monitoring and data collection, enabling predictive maintenance and improving operations in industries like manufacturing and energy.

Logistics & Inventory Monitoring: With 5G, companies can track inventory in real-time, improve logistics efficiency, and enable faster delivery times, reducing operational costs.

Wireless Industry Camera: 5G enables high-definition video streaming from cameras used in industries like surveillance, security, and media, ensuring smooth, high-quality streaming.

Drone: Drones equipped with 5G can transmit high-definition video and data in real time, enabling uses in agriculture, delivery, and infrastructure inspection.

Home and Office Broadband: 5G enables high-speed internet access for both residential and commercial properties, enhancing broadband services for customers.

Vehicle-to-everything (V2X): V2X technology powered by 5G allows for communication between vehicles, infrastructure, and pedestrians, enabling safer, more efficient transportation systems.

Gaming and Mobile Media: 5G enhances the gaming experience by providing low-latency, high-speed connections for mobile games and media streaming.

Remote Patient & Diagnosis Management: 5G enables remote healthcare services, allowing for faster diagnosis, patient monitoring, and telemedicine applications.

Intelligent Power Distribution Systems: 5G enhances the management of power grids by providing real-time data, improving grid stability and reducing energy losses.

P2P Transfers / mCommerce: 5G facilitates faster peer-to-peer (P2P) payments and mobile commerce, enhancing the customer experience in the financial services industry.

4. Geographic Overview:

The 5G System Integration Market is witnessing dynamic growth across the globe. Key regions and their dominant countries are:

North America: The U.S. leads the North American market with the largest adoption of 5G technology, driven by the presence of major telecom players, technological advancements, and high investments in 5G infrastructure.

Europe: The European market is expanding, with the U.K., Germany, and France playing a significant role in adopting 5G systems, especially in manufacturing, healthcare, and transportation.

Asia Pacific: Asia Pacific is expected to witness the highest growth during the forecast period, with countries like China, Japan, and South Korea leading the 5G adoption race. The region’s strong focus on technological innovation and infrastructure development fuels market growth.

Latin America: Latin America is catching up with other regions in adopting 5G technology, particularly in countries like Brazil and Mexico. These countries are focusing on 5G infrastructure deployment and increasing connectivity in urban and rural areas.Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/5g-system-integration-market/segmentation

Top Players in the 5G System Integration Market

The 5G System Integration Market features several industry leaders who are pivotal in the growth and innovation of 5G technology:

Accenture Inc.

Cisco Systems, Inc.

Huawei Technologies Co., Ltd.

Infosys Limited

Tata Consultancy Services Limited

Wipro Limited

Radisys Corporation

IBM Corporation

HPE (Hewlett Packard Enterprise)

Oracle Corporation

HCL Technologies Limited

ALTRAN

AMDOCS

CA Technologies

Hansen Technologies

Samsung Electronics Co., Ltd.

Ericsson

Keysight Technologies

ECI Telecom

These companies provide integrated solutions and services for the successful implementation and deployment of 5G systems, contributing to the rapid growth of the 5G ecosystem.

Key Unit Economics for Businesses and Startups

For businesses and startups, understanding the unit economics of 5G system integration is essential. Key metrics include:

Cost of Integration: The total investment required for adopting 5G infrastructure, including hardware, software, and consulting services.

Return on Investment (ROI): The anticipated financial returns from deploying 5G technology, which could include cost savings, enhanced operational efficiency, and new revenue streams.

Customer Acquisition and Retention: 5G enhances customer experiences, leading to higher retention rates and attracting new customers through innovative services.

Startups looking to integrate 5G technology should focus on scalable solutions and consider cloud-based integration services to reduce upfront costs.

Buy Full Report (Exclusive Insights with In-Depth Data Supplement): https://straitsresearch.com/buy-now/5g-system-integration-market

5G System Integration Market Operational Factors

Several operational factors influence the 5G system integration market, including:

Technology Advancements: Continuous developments in 5G, IoT, and edge computing technologies are driving the market forward.

Regulatory Challenges: Countries are implementing policies and regulations related to spectrum allocation, network sharing, and data security, affecting 5G adoption.

Deployment Costs: The high cost of infrastructure and integration services remains a barrier for some businesses, especially startups and small enterprises.Table of Contents for the 5G System Integration Market Report: https://straitsresearch.com/report/5g-system-integration-market/toc

About Straits Research

Straits Research is a leading provider of market research and intelligence services. With a focus on high-quality research, analytics, and advisory, our team offers actionable insights tailored to clients’ strategic needs.

Contact Us Email: [email protected] Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

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global-research-report · 11 days ago

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Turning Data into Revenue: Insights into the Data Monetization Market

The global data monetization market size is expected to reach USD 16.05 billion by 2030, registering a CAGR of 25.8% during the forecast period, according to a new report by Grand View Research, Inc. Data monetization is a strategy used by several organizations to increase their revenue. It is the process of utilizing data to obtain quantifiable economic benefits. There are two types of data monetization techniques, direct data monetization, and indirect data monetization.

There are several types of data monetization methods wherein organizations use data to discover new customers and business opportunities. These data monetization methods are data as a service, insight as a service, analytics-enabled platform as service, and embedded analytics. The analytics-enabled platform as a service method is anticipated to witness significant growth as it provides real-time access to data on the cloud along with consistent triggers/alerts.

Data monetization is expected to be a catalyst for several brands as it enables them towards becoming a pioneer in data-driven principles. It creates new revenue streams for organizations. Additionally, it also promotes companies to reduce operating costs and overall general expenses and enables them to take adequate actions in improving their sales. Several end-use industries have leveraged the benefits of data monetization, and many more are moving towards data monetization.

For instance, data monetization offers geofencing and geotargeting in the retail and tourism industries. For the healthcare sector, government, and advertisement agencies, it ensures density planning and traffic flow. Similarly, it provides fraud detection for credit card companies and financial institutes. It offers smart targeting, Internet of Things (IoT), click-stream insights for digital and brand advertisers, and several other companies. Such factors are anticipated to power market growth over the forecast period.

However, factors such as data security and privacy, rising complexities in data structures, and varying regulatory policies are anticipated to hinder the market growth over the forecast period. Nevertheless, data monetization is capable of identifying and mitigating risk, improving compliance, streamlining planning and decision making, and creating a competitive advantage in the market. It has significantly shadowed market hindering factors and has enabled organizations to take adequate measures.

Data Monetization Market Report Highlights

SMEs are anticipated to expand at a CAGR of over 29.4% from 2024 to 2030. Rising demand for BI has significantly impacted the adoption of data monetization amongst SMEs

The analytics-enabled platform as a service segment accounted for the largest revenue share of around 38.3% in 2023.

For instance, in the automotive industry, data monetization ensures several benefits, such as tracking in case of real-time diagnostics and predictive maintenance. Technological advancements and increased digitalization resulted in easy tracking of vehicle performance. The implementation of IoT, telematics, and automation is also expected to increase the market demand in the industry.

Data Monetization Market Segmentation

Grand View Research has segmented the global data monetization market based on method, organization size, vertical, component, and region:

Data Monetization Method Outlook (Revenue, USD Million, 2018 - 2030)

Data as a Service

Insight as a Service

Analytics-enabled Platform as a Service

Embedded Analytics

Data Monetization Organization Size Outlook (Revenue, USD Million, 2018 - 2030)

Large Enterprises

SMEs

Data Monetization Vertical Outlook (Revenue, USD Million, 2018 - 2030)

BFSI

E-commerce & Retail

Telecommunications & IT

Manufacturing

Healthcare

Energy & Utilities

Others

Data Monetization Component Outlook (Revenue, USD Million, 2018 - 2030)

Consulting

Implementation & Integration

Services

Supporting and Maintenance

Tools

Data Monetization Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Canada

Europe

Germany

France

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

Saudi Arabia

South Africa

UAE

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

#Data Monetization Market

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communicationblogs · 2 months ago

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API Security Market- Forecast 2023–2030

Additionally, the rising number of cybersecurity threats is compelling organizations to adopt API security solutions. APIs are a common target for attackers willing to disrupt services or steal data. As per recent studies, it was estimated that US-based companies have lost somewhere between $12 billion and $23 billion in 2022 alone from API data breaches. Organizations are investing in API security solutions to mitigate these risks and ensure the security of their sensitive data. These factors positively influence the API Security industry outlook during the forecast period.

COVID-19 / Ukraine Crisis — Impact Analysis:

● The COVID-19 pandemic accelerated the adoption of digital technologies and cloud-based solutions, which has led to increased use of APIs by organizations. The raised concerns about security have boosted the demand for API security solutions. On the other hand, the pandemic has caused economic uncertainty, causing some organizations to cut back on IT spending, especially on investment in API security solutions. Also, the shift to remote work has made it difficult for the organizations to secure their APIs in this new environment.

● The conflict between Russia and Ukraine could lead to an increase in cyberattacks, including attacks on APIs. This would boost the demand for API security solutions as organizations look for ways to protect themselves from these threats. Also, the conflict is causing economic uncertainty in the region, which could impact the IT spending and investment in API security solutions. Additionally, the supply-chain disruptions caused by the conflict may impact the availability of IT resources, which could further impact the market.

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Key Takeaways:

● Fastest Growth of Asia-Pacific Region

Geographically, in the global API Security market share, Asia-Pacific is analyzed to grow with the highest CAGR of 25.9% during the forecast period 2023–2030. The increasing adoption of APIs and cloud-based solutions in the region along with the rising number of cyber threats and regulatory compliance requirements are boosting the growth of the region’s API Security Market share. According to Imperva, a cybersecurity firm, APAC governments have taken a variety of approaches to open banking and the advent of open banking has brought about a transformative shift for both businesses and consumers. With the growing demand for these services, banks and fintech companies will increasingly depend on application programming interfaces (APIs).

● Cloud-based Segment to Register the Fastest Growth

In the API Security Market analysis, the cloud-based segment is estimated to grow with the fastest during the forecast period. There are several factors boosting the growth of this segment. Firstly, cloud-based API security solutions can easily scale up or down depending on the changing needs of the organization. It offers greater flexibility than on-premise solutions. Also, cloud-based solutions usually require lower upfront costs.

● BFSI Sector is the Fastest Growing Segment in the Market

According to the API Security Market forecast, the BFSI sector is estimated to register the fastest growth during the forecast period. The financing institutions are increasingly adoption APIs to enable new digital services, such as peer-to-peer payments and mobile banking. These services require strong API security to prevent fraud, protect customer data and comply with regulatory requirements.

According to the Salt Labs State API Security Report Q1 2022, API attack traffic has increased 681 percent in the past 12 months (of publishing the report). Since financial institutions and fintech firms hold tremendous amount of valuable data, they are the perfect target for such attackers.

● Increasing Adoption of APIs

APIs are increasingly becoming a crucial component for modern digital businesses. They allow organizations to share data and services quickly and easily between different systems and applications. However, APIs create new security risks, making API security solutions critical to protect against cyber threats while ensuring regulatory compliance. This is one of the major factors driving the growth of the API Security Market during the forecast period.

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● Growth of Digital Transformation Initiatives

The growth of digital transformation initiatives is analyzed to witness significant growth during the forecast period 2023–2030 as organizations strive to remain competitive in the digital age and keep up with evolving technologies. Data and analytics will increasingly contribute to innovation, helping businesses derive insights and achieve desired outcomes As per IndustryARC’s findings, the global digital transformation market is projected to surpass $1.3trillion by 2027. The shift to software-as-a-service (SaaS) platforms is expected to dominate the digital transformation landscape, enabling easier collaboration, improved productivity, and organizational flexibility. These trends underscore the ongoing need for organizations to adapt, innovate, and leverage digital technologies to drive growth, meet evolving customer expectations, and address market dynamics. APIs can facilitate the integration of various digital tools and services, enabling organizations to effectively implement their digital transformation strategies and leverage the benefits of automation, data analytics, and SaaS platforms. By leveraging APIs, organizations can seamlessly connect different systems, access relevant data, and streamline processes, ultimately accelerating their digital transformation efforts and achieving desired outcomes. The growing adoption of APIs is further set to drive the API security market during the forecast period.

● API Security implementation challenges and risks to impede to market growth

Implementing API security can pose several challenges and risks that organizations need to address. APIs expose endpoints that handle object identifiers, increasing the attack surface and creating potential vulnerabilities for Object Level Access Control issues which can lead to unauthorized access and data exposure. Implementing authentication mechanisms incorrectly can compromise authentication tokens and allow attackers to assume other users’ identities. Weak authentication methods or flawed implementation can lead to unauthorized access and compromised API security. Lack of or improper authorization validation at the object property level can lead to excessive data exposure or manipulation by unauthorized parties. APIs require resources such as network bandwidth, CPU, memory, and storage to fulfill requests. Without proper rate limiting and resource management, malicious actors can launch Denial of Service (DoS) attacks, exhausting resources and disrupting API availability. These technical challenges are set to hinder the API security market growth in the future.

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Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the API Security Market.

The top 10 companies in this industry are listed below:

1. Akamai Technologies (Prolexic, Kona Site Defender)

2. Amazon Web Services, Inc. (AWS Shield, AWS WAF)

3. Apigee Corp. (Apigee Edge, Apigee Sense)

4. Auth0® Inc. (Auth0 API Management, Auth0 WebAuthn Passwordless)

5. Axway Software SA (Axway API Gateway, Axway SecureTransport)

6. Barracuda Networks, Inc. (Barracuda CloudGen Firewall, Barracuda WAF-as-a-Service)

7. Computer Associates International, Inc. (CA API Gateway, CA Single Sign-On)

8. Checkmarx Ltd. (Checkmarx CxSAST, Checkmarx CxIAST)

9. Cisco Systems, Inc. (Cisco Umbrella, Cisco API Security)

10. Cloudflare, Inc. (Cloudflare API Shield, Cloudflare Access)

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marketstudyreport · 2 months ago

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Multi-factor Authentication Market - Latest Innovations by Industry Experts Till 2030

The global multi-factor authentication (MFA) market was valued at approximately USD 14.28 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. Multi-factor authentication is a security protocol that requires users to verify their identity through multiple layers of verification before granting access to digital resources or allowing transactions. This method enhances security by combining something the user knows (like a password), something the user has (such as a smartphone or security token), and sometimes even something the user is (like a fingerprint or facial recognition). With the rise in cyberattacks and data breaches targeting sensitive information, the adoption of MFA solutions is becoming essential for organizations across all sectors. Strict regulatory requirements for data protection are also propelling the MFA market, as more industries are required to comply with data privacy standards and implement stronger authentication measures to secure customer information.

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

The rapid shift toward cloud technologies, enterprise mobility, and the "bring your own device" (BYOD) trend across workplaces are increasing the demand for MFA solutions. These trends introduce additional vulnerabilities that require stringent access control to secure corporate networks and data. The emergence of authentication-as-a-service (AaaS) platforms, which provide businesses with scalable, cloud-based MFA solutions, is also driving growth in the MFA market, offering flexible, advanced authentication options that can be integrated with existing IT infrastructures.

Several leading technology companies, including CA Technologies, Vasco Data Security International, RSA Security LLC, and Symantec Corporation, are heavily investing in research and development to create new authentication solutions that improve security while enhancing user experience. Despite this growth, challenges remain. The costs associated with procuring, implementing, and managing MFA solutions, as well as the complexity of integrating them into varied IT environments, can be barriers to adoption. However, as cyber threats continue to evolve, more industries are implementing security standards that necessitate MFA, reducing the impact of these challenges over time.

Application Segmentation Insights:

Multi-factor authentication plays a critical role in enabling secure access control, preventing unauthorized transactions, and detecting fraudulent activities. Different sectors are adopting MFA to address specific security needs. The banking, financial services, and insurance (BFSI) sector has the highest adoption rate for MFA solutions. In 2022, BFSI accounted for the largest revenue share at 33.7% and is expected to continue growing at a rapid pace with a forecasted CAGR of 15.6%. Financial institutions handle high volumes of sensitive financial data, making them attractive targets for cyberattacks. To protect customer accounts, transaction data, and personal information, these institutions are implementing MFA as an essential security measure. Moreover, customers increasingly expect secure and seamless online banking experiences, which has led financial organizations to prioritize robust authentication methods that ensure security without compromising user convenience.

The healthcare sector is anticipated to be one of the fastest-growing markets for MFA solutions over the forecast period. With the rise of digital health records and online patient portals, securing sensitive patient data has become a top priority, driving healthcare providers to adopt MFA for safeguarding access to medical information and ensuring compliance with health data regulations. Similarly, the government and defense sectors are rapidly adopting MFA due to the critical nature of the data they handle, especially with the increasing digitalization of public services and the growing need for cybersecurity.

The retail and e-commerce sector is also set to experience substantial growth in the MFA market, with a projected CAGR of 15.5%. As e-commerce continues to grow in popularity, retailers are facing an increasing number of cyber threats, including identity theft and payment fraud. Multi-factor authentication helps mitigate these risks by adding extra layers of protection for sensitive data, such as payment and personal information. As consumers become more aware of security issues, they expect secure authentication options when shopping online, motivating retailers to adopt MFA solutions that build customer trust and protect transaction integrity.

Technological advancements in scanning technologies, mobile-based authentication, and biometrics have led to innovative MFA solutions that meet diverse security needs. Sectors like education, utilities, manufacturing, and logistics are also increasingly integrating MFA to secure access to corporate networks and safeguard proprietary and confidential information. These industries are leveraging MFA to protect both employee and customer data, ensuring a secure digital environment as they continue to adopt cloud computing and other digital solutions.

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