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strangemusictriumph · 2 years ago

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Fingerprint Sensor Market - Forecast (2022 - 2027)

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

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

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

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

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

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

Fingerprint Sensor Market Report Coverage

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

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

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

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

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

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

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Key Takeaways

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

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

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

Fingerprint Sensor Market Segment Analysis - By Technology

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

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

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

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Fingerprint Sensor Market Segment Analysis - By Industry

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

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

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

Fingerprint Sensor Market Segment Analysis - By Geography

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

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

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

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

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Fingerprint Sensor Market Drivers

Major adoption of Biometrics in Law Enforcement and Government Applications:

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

Emergence of fingerprint sensors enabled smartphones:

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

Fingerprint Sensor Market Challenges

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

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

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Market Landscape

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

Partnerships/Mergers/Acquisitions

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

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

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

R&D Investments/Funding

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

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

Fingerprint Sensor Market Research Scope:

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

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

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latestmarketresearchnews · 16 days ago

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Identity And Access Management Industry Development Trends Report By 2030

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

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

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

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

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

End-use Segmentation Insights:

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

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

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

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

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

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researchreportinsight · 16 days 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 · 17 days 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.

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

#Cloud Computing Market Trends #Cloud Computing Market Share

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communicationblogs · 23 days 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 · 24 days 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.

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

#Multi-factor Authentication Market Share #Multi-factor Authentication Market Analysis

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riya2510 · 25 days ago

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Network Encryption Share | Segmented by Top Manufacturers & Geography Regions

Network Encryption Market Information

The Network Encryption Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

Employing various analytical techniques such as SWOT analysis, Porter’s Five Forces analysis, and feasibility studies, the report offers a thorough understanding of competitive dynamics, the risk of substitutes and new entrants, and identifies strengths, challenges, and business opportunities. This detailed assessment covers current patterns, driving factors, limitations, emerging developments, and high-growth areas, aiding stakeholders in making informed strategic decisions based on both current and future market trends. Additionally, the report includes an examination of the Automatic Rising Arm Barriers sector and its key opportunities.

According to Straits Research, the global Network Encryption market size was valued at USD 4 Billion in 2021. It is projected to reach from USD XX Billion in 2022 to USD 8 Billion by 2030, growing at a CAGR of 9% during the forecast period (2022–2030).

Get Free Request Sample Report @ https://straitsresearch.com/report/network-encryption-market/request-sample

TOP Key Industry Players of the Network Encryption Market

Thales Trusted Cyber Technologies

ATMedia Gmbh

Atos SE

Juniper Networks Inc.

Certes Networks Inc.

Senetas Corporation Ltd

Viasat Inc.

Raytheon Technologies Corporation

Securosys SA

Packetlight Networks

Rohde & Schwarz Cybersecurity GmbH

Global Network Encryption Market: Segmentation

As a result of the Network Encryption market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

By Solution

Network Encryption Platforms

On-Premise

Cloud-based

Network Encryption Devices

Services

Professional Services

Security Consulting

Training & Education

Support & Maintenance

Managed Services

By Deployment Type

Cloud

On-premises

By Component

Hardware

Solutions and Services

By Organization Size

Small and Medium-sized Enterprises

Large-sized Enterprises

By End-User Industry

Telecom and IT

BFSI

Government

Media and Entertainment

Healthcare

Retail & E-Commerce

Other End-user Industries

Browse Full Report and TOC @ https://straitsresearch.com/report/network-encryption-market/request-sample

Reasons for Buying This Report:

Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.

Offers analytical insights and strategic planning guidance to support informed business decisions.

Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.

Includes market estimates by region and profiles of various industry stakeholders.

Aids in understanding critical market segments.

Delivers extensive data on trends that could impact market growth.

Research Methodology:

Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.

Validates market estimates through primary research with key stakeholders.

Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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#Network Encryption #Network Encryption Industry #Network Encryption Share #Network Encryption Size #Network Encryption Trends #Network Encryption Regional Analysis #Network Encryption Growth Rate

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harshnews · 1 month ago

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Facility Management Market Size, Share, Trends, Growth and Competitive Outlook

"Facility Management Market – Industry Trends and Forecast to 2031

Global Facility Management Market, By Offering (Solution and Service), Service Type (Hard Facility Management System and Soft Facility Management System), Model (Outsourcing Facilities Management and In-House Facilities Management), Facility Size (Large Facilities, Medium Facilities, and Small Facilities), Function (Real Estate Management, Maintenance Management, Asset Management, Building Systems, Financial & Performance Management, and Others), End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Energy and Utilities, Construction and Real Estate, Manufacturing, Government and Public Administration, Media and Entertainment, and Others) - Industry Trends and Forecast to 2031.

Access Full 350 Pages PDF Report @

**Segments**

- **Service Type:** The facility management market can be segmented based on service type into hard services and soft services. Hard services include mechanical and electrical maintenance, plumbing, and HVAC services. Soft services, on the other hand, include cleaning, security, catering, waste management, and landscaping.

- **Deployment:** Another key segment is based on the deployment type, which can be on-premises, cloud-based, or hybrid. On-premises deployment involves managing facility services internally within an organization, while cloud-based deployment leverages third-party cloud services for managing facilities. Hybrid deployment is a combination of both on-premises and cloud-based solutions.

- **End-User:** The facility management market can also be segmented by end-user, including commercial, residential, industrial, and others. Commercial end-users consist of sectors such as retail, healthcare, education, and hospitality, while residential end-users are homeowners or tenants. Industrial end-users are comprised of manufacturing plants, warehouses, and other industrial facilities.

**Market Players**

- **CBRE Group, Inc.:** One of the leading players in the facility management market, CBRE Group, Inc. offers a wide range of facility management services including energy management, sustainability solutions, and workplace strategy.

- **ISS A/S:** ISS A/S is another prominent player that provides integrated facility services including cleaning, security, property services, catering, support services, and facility management.

- **Sodexo:** Sodexo is a global facilities management company known for its comprehensive range of services such as catering, facility management, and employee well-being solutions.

- **Compass Group:** Compass Group specializes in providing catering and support services across various sectors including healthcare, education, business, and industry.

- **Cushman & Wakefield:** Cushman & Wakefield offers facility management services focusing on enhancing operational efficiency, sustainability, and occupant experience in commercial real estate properties.

The facility management market is witnessing significant growth due to the increasing need forThe facility management market is experiencing substantial growth driven by the rising demand for efficient and sustainable management of facilities across various sectors. One of the key factors fueling market growth is the growing focus on cost efficiency and operational excellence by organizations to streamline their facility management processes. As businesses strive to enhance productivity and customer satisfaction, the adoption of advanced facility management solutions becomes crucial. Additionally, the increasing trend towards outsourcing non-core activities such as cleaning, security, and maintenance to specialized service providers is further propelling the growth of the facility management market.

In terms of service type segmentation, the distinction between hard services and soft services plays a critical role in catering to the diverse needs of different industries. Hard services like mechanical and electrical maintenance are essential for maintaining the infrastructure and operations of commercial and industrial facilities. On the other hand, soft services such as cleaning and landscaping contribute to creating a safe and pleasant environment for occupants. The demand for a comprehensive range of services, encompassing both hard and soft services, is driving the adoption of integrated facility management solutions by organizations seeking a holistic approach to managing their facilities.

Deployment type segmentation offers organizations flexibility in choosing the most suitable model for managing their facility services. On-premises deployment provides organizations with full control and customization over their facility management processes but requires significant upfront investments in infrastructure. Cloud-based deployment, on the other hand, offers scalability and cost-efficiency by leveraging cloud infrastructure and services. Hybrid deployment models combine the benefits of on-premises and cloud-based solutions, allowing organizations to optimize their facility management operations based on specific requirements and preferences.

The end-user segmentation of the facility management market caters to the distinct needs of different sectors, including commercial, residential, and industrial entities. Commercial end-users, such as retail and healthcare facilities, prioritize customer experience and operational efficiency, driving the demand for tailored facility management services. Residential end-users seek convenience and comfort in property management, including maintenance services and security measures. Industrial end-users, including manufacturing plants and warehouses, require specialized facility management solutions**Global Facility Management Market, By Offering (Solution and Service), Service Type (Hard Facility Management System and Soft Facility Management System), Model (Outsourcing Facilities Management and In-House Facilities Management), Facility Size (Large Facilities, Medium Facilities, and Small Facilities), Function (Real Estate Management, Maintenance Management, Asset Management, Building Systems, Financial & Performance Management, and Others), End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Energy and Utilities, Construction and Real Estate, Manufacturing, Government and Public Administration, Media and Entertainment, and Others) - Industry Trends and Forecast to 2031.**

- The facility management market is experiencing significant growth driven by the increasing need for efficient and sustainable management of facilities across different sectors. Organizations are focusing on cost efficiency and operational excellence, leading to the adoption of advanced facility management solutions to streamline processes. Outsourcing non-core activities to specialized service providers is also contributing to market growth.

- The segmentation based on service type, distinguishing between hard services (mechanical and electrical maintenance) and soft services (cleaning and landscaping), is crucial in meeting diverse industry needs. Integrated facility management solutions that encompass both hard and soft services are in demand as organizations seek a holistic approach to facility management.

- Deployment type segmentation offers flexibility for organizations to choose between on-premises, cloud-based, or hybrid models for managing facility services. On-premises deployment provides control and customization but requires significant upfront investments. Cloud-based

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Facility Management Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Facility Management Market.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Facility Management Market Landscape

Part 04: Global Facility Management Market Sizing

Part 05: Global Facility Management Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

This study answers to the below key questions:

What are the key factors driving the Facility Management Market?

What are the challenges to market growth?

Who are the key players in the Facility Management Market?

What are the market opportunities and threats faced by the key players?

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ashwetu · 1 month ago

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Meticulous Research®: Global Workflow Automation Market to Reach $77.8 Billion by 2030

Meticulous Research®, a leading global market intelligence firm, has released its latest report titled "Workflow Automation Market by Offering, Type (Business Process Automation, Robotic Process Automation), Deployment, Organization Size, Application, Sector, and Geography – Global Forecast to 2030." According to the report, the global workflow automation market is set to grow at a CAGR of 21.3%, reaching a market value of $77.8 billion by 2030.

Market Growth Drivers

The expansion of the workflow automation market is driven by the increasing demand for real-time automation solutions across industries, the rising adoption of business process automation (BPA), and the growing need for improved communication and collaboration within organizations. The proliferation of cloud technologies and IoT in automation processes, coupled with the accelerating adoption of robotic process automation (RPA), presents substantial growth opportunities in the years to come.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5706

However, data privacy and security concerns remain critical challenges. Additionally, the integration and compatibility of legacy systems with modern automation tools pose difficulties for market players. Despite these challenges, emerging trends such as Automation-as-a-Service (AaaS) and the integration of artificial intelligence (AI) and chatbots are expected to shape the future of the workflow automation landscape.

Key Market Segments

The global workflow automation market is categorized by offering, type, deployment mode, organization size, application, and sector. This report provides a comprehensive analysis at both regional and country levels, giving stakeholders in-depth insights into market dynamics.

By Offering: The market is divided into software and services. In 2024, the software segment is expected to dominate, driven by rising demand for IT automation solutions and streamlined business processes. However, the services segment is expected to register a higher growth rate, spurred by the need for maintenance, training, and professional services.

Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/workflow-automation-market-5706

By Type: Business process automation (BPA) will account for the largest market share in 2024, driven by enterprises' focus on automating repetitive tasks and enhancing data accuracy. Meanwhile, robotic process automation (RPA) is anticipated to exhibit the highest growth rate, attributed to its ability to reduce human errors, enhance efficiency, and cut operational costs.

By Deployment Mode: On-premise solutions will maintain a larger share in 2024 due to the demand for automation systems with lower latency and higher data sovereignty. However, cloud-based deployments are expected to experience faster growth, driven by their flexibility, cost-effectiveness, and rising adoption by SMEs.

By Organization Size: Large enterprises will dominate in 2024, driven by their focus on digital transformation initiatives. However, SMEs are projected to see faster growth as they increasingly recognize the benefits of automation in boosting productivity and streamlining business operations.

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By Application: The finance sector will hold the largest market share in 2024, driven by the growing need for enhanced financial services, improved customer experiences, and the implementation of RPA to cut labor costs. The finance sector is also expected to grow at the highest CAGR over the forecast period.

By Sector: The manufacturing industry is set to dominate in 2024, fueled by the adoption of Industry 4.0 technologies and robotic automation solutions. Meanwhile, the BFSI sector is expected to register the fastest growth due to increasing demands for fraud detection solutions and automated workflows.

Regional Insights

Asia-Pacific is expected to lead the global workflow automation market in 2024, followed by Europe and North America. This growth is driven by the region's increasing focus on digital transformation, widespread adoption of advanced technologies, and strong government initiatives promoting automation. Asia-Pacific is also projected to exhibit the highest CAGR during the forecast period, reflecting the region's growing demand for cost-efficient and scalable automation solutions.

Request Sample PDF Copy Here: https://www.meticulousresearch.com/request-sample-report/cp_id=5706

Leading Players

The global workflow automation market is highly competitive, with key players including:

International Business Machines Corporation (U.S.)

Software AG (Germany)

Oracle Corporation (U.S.)

Pegasystems Inc. (U.S.)

Appian Corporation (U.S.)

Microsoft Corporation (U.S.)

SAP SE (Germany)

These companies are adopting innovative growth strategies, such as partnerships, product launches, and acquisitions, to strengthen their market positions and address evolving customer demands.

Download the Full Report

To explore detailed insights, market forecasts, and competitive analysis, download the sample report here: Download Sample Report

About Meticulous Research®

Meticulous Research® is a trusted global market research and consulting company known for delivering high-quality research and actionable insights. Our expert team helps businesses stay ahead in today’s dynamic markets.

For more information:

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sanikapatil22 · 1 month ago

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Messaging Security Research – Growth Opportunities and Revenue Statistics by Forecast

Messaging Security Market Overview

Global Messaging Security Market Report 2024 presents critical information and factual data about the Messaging Security Market, providing an overall statistical study of this market on the basis of market drivers, market limitations, and its future prospects. The widespread Messaging Security market opportunities and trends are also taken into consideration in the industry. with growth trends, various stakeholders like investors, CEOs, traders, suppliers, research & media, the global manager, director, president, SWOT analysis, i.e., strengths, weaknesses, opportunities, and threats to the organization, and others.

According to Straits Research, the global Messaging Security market size was valued at USD XX Billion in 2023. It is projected to reach from USD XX Billion in 2024 to USD XX Billion by 2032, growing at a CAGR of 16.7% during the forecast period (2024–2032).

While studying the Messaging Security market growth report, we completely studied the driving forces, development trends, restraints, obstacles, and profitable challenges to demonstrate the current and future market environment. Straits Research has given a thorough analysis that includes the key market strategies based on the most recent technologies, applications, and geographies around the world. The industry is predicted to grow significantly during the forecast period because to increased Messaging Security market demand.

Competitive Landscape

Some of the prominent players operating in the Messaging Security market are

Mcafee LLC

Cisco Systems Inc.

Barracuda Networks Inc.

Microsoft Corporation

Trend Micro Incorporated

TATA Communications

Mimecast Limited

Trustwave Holdings Inc.

Sophos Ltd

Proofpoint Inc.

Forcepoint

Get Free Request Sample Report @ https://straitsresearch.com/report/messaging-security-market/request-sample

The report can help to know the market and strategize for business expansion accordingly. The strategy analysis, gives insights from market positioning and marketing channels to potential growth strategies, providing in-depth analysis for brand new entrants or existing competitors within the industry. Global Messaging Security Market Report 2024 provides exclusive statistics, data, information, trends, and competitive landscape details during this niche sector.

Global Messaging Security Market: Segmentation

As a result of the Messaging Security market segmentation, the market is divided into sub-segments, the following are:

By Component

Solution

Content Filtering

Web Filtering

Email Encryption

Data Loss Prevention

Information Protection and Control

Anti-spam/Anti-malware

Service

Professional services

Managed services

By Deployment

Cloud

On-premise

By Type

Instant SMS

By End-User

BFSI

Government

Media and Entertainment

Retail and E-commerce, Manufacturing

Healthcare

Education

Others

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2024 to 2032 in each of the segments and sub-segments.

You can check In-depth Segmentation from here: https://straitsresearch.com/report/messaging-security-market/segmentation

Stay ahead of the competition with our in-depth analysis of the market trends!

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Key Highlights

The introduction, product type and application, market overview, market analysis by countries, market potential, market risk, and market driving forces are all used to explain the Messaging Security Market.

Examining the manufacturers of the Messaging Security Market in terms of their profile, main line of business, news, sales and price, revenue, and market share is the aim of this study.

In order to give a general picture of the competitive environment among the top manufacturers worldwide, including sales, revenue, and market share of Messaging Security percent

To provide an example of the market segmented by kind and application, together with sales, pricing, revenue, market share, and growth rate for each segment.

To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.

To investigate the production costs, essential raw materials, production method, etc.

About Straits Research

Email: [email protected]

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Tel: +1 6464807505, +44 203 318 2846

#Messaging Security #Messaging Security Industry #Messaging Security Share #Messaging Security Size #Messaging Security Trends #Messaging Security Regional Analysis #Messaging Security Growth Rate

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tushar38 · 1 month ago

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Service Delivery Automation Market: Impact of AI and Robotics

Introduction to Service Delivery Automation (SDA) Market

The Service Delivery Automation (SDA) Market refers to the automation of business processes and tasks using advanced technologies such as robotic process automation (RPA), artificial intelligence (AI), and cognitive computing. SDA helps companies optimize operations, reduce costs, and improve service quality by automating repetitive tasks. This market is expanding rapidly, driven by digital transformation and a growing need for operational efficiency. SDA applications span industries such as healthcare, BFSI, and IT, as businesses strive for faster and more accurate service delivery.

The Service Delivery Automation Market is Valued USD 8.91 billion in 2024 and projected to reach USD 43.69 billion by 2030, growing at a CAGR of 25.50% During the Forecast period of 2024-2032.SDA leverages technologies like RPA, AI, and machine learning to automate routine tasks, enhancing service delivery across sectors such as finance, healthcare, and IT services. As businesses undergo digital transformation, the SDA market is projected to grow significantly. Companies adopting these solutions can streamline operations, reduce human error, and improve the customer experience.

Access Full Report :https://www.marketdigits.com/checkout/126?lic=s

Major Classifications are as follows:

By Offerings

Software

Services

By Type

IT Process Automation

Business Process Automation

By Organization Size

SMEs

Large Enterprises

By Verticals

BFSI

Healthcare

Travel, Hospitality & Leisure

IT & Telecom

Manufacturing

Transport & Logistics

Retail

Others

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South

Key Players of Service Delivery Automation (SDA) Market:

Automation Anywhere Inc., Uipath SRL, IPsoft Inc., Blue Prism, Xerox Corporation, NICE Systems Ltd, Celaton Limited, Automation Anywhere Inc., Arago GmbH, Accenture Inc., and AutomationEdge Technologies Inc.

Market Drivers in the Service Delivery Automation Market:

Digital Transformation Initiatives: Companies are increasingly automating processes to improve efficiency and remain competitive.

Cost Reduction: SDA reduces reliance on manual labor for repetitive tasks, lowering operational costs.

Rising Demand for Scalability: Automation tools allow businesses to scale operations efficiently without increasing workforce size.

AI and RPA Advancements: The growing capabilities of AI and RPA technologies are boosting SDA adoption, driving market growth.

Market Challenges in the Service Delivery Automation Market:

Integration with Legacy Systems: SDA solutions often face challenges integrating with existing, outdated systems, causing operational delays.

High Initial Costs: Implementing SDA technologies, especially AI and cognitive computing, requires significant upfront investment.

Workforce Resistance: Employees may resist automation, fearing job displacement, which can create implementation barriers.

Security Concerns: The automation of services, particularly in sensitive sectors like healthcare and finance, raises cybersecurity and data privacy concerns.

Market Opportunities in the Service Delivery Automation Market:

AI and Cognitive Automation: Leveraging advanced AI technologies can unlock new efficiencies in automating complex tasks.

Vertical Expansion: Sectors such as retail, e-commerce, and education present untapped opportunities for SDA market growth.

SME Adoption: Small and medium-sized enterprises are increasingly seeking automation solutions to enhance their operational efficiency.

Globalization and Outsourcing: The global outsourcing trend creates a demand for scalable, automated service delivery solutions, boosting the SDA market.

Conclusion:

The Service Delivery Automation Market is poised for substantial growth as businesses prioritize automation to improve efficiency, reduce costs, and enhance service quality. While challenges like system integration and workforce resistance exist, the continued advancements in AI and RPA present vast opportunities. As industries increasingly adopt SDA solutions, the market will play a crucial role in driving the future of business operations across sectors worldwide.

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industrynewsupdates · 1 month ago

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Identity And Access Management Market In-Depth Analysis and Forecast, 2030

The global identity and access management market size is anticipated to reach USD 41.52 billion by 2030, registering a CAGR of 12.6% over the forecast period, according to a new study by Grand View Research Inc. Identity and access management (IAM) is a security discipline that ensures the right entities to use the right resources (data or apps). Advancements in the internet of things (IoT) and artificial intelligence (AI), rising awareness about regulatory compliance management, and increasing reliance on digital platforms & automation across industries are anticipated to drive the industry over the forecast period. The integration of IAM solutions and MDM is anticipated to drive market growth over the forecast period.The rising fraudulent and cybercrime activities are driving enterprises to implement IAM systems as a result of the rapid adoption of the cloud and the advancement of new technologies, such as AI and ML. IAM uses identity analytics and intelligence to monitor unusual user account activity.

Furthermore, IAM systems reduce the cost of services, such as outsourcing, among others. Hence, the rising enterprise identity and security concerns and the elimination of service costs drive the growth of the industry over the forecast period. Furthermore, high installation costs of identity and access management systems are expected to stifle the growth of the industry over the forecast period. The identity and access management industry is adopting the latest IAM business technologies as capital technology. These technologies have increased market opportunities for identity and access management which have been purchased and implemented in recent years. IAM contracts' market revenue necessitates extensive implementation. Hence, cloud-based IAM services and technology are becoming more accessible by the day which creates opportunities for market growth over the forecast period.

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

Detailed Segmentation:

Component Insights

On the basis of components, the global industry has been further categorized into audit, compliance & governance, directory service, multifactor authentication, provisioning, password management, and single sign-on. The provisioning sub-segment dominated the industry in 2022 and accounted for the largest share of more than 29.70% of the overall revenue. Identity management as a service provides an additional layer of security by identifying, validating, and granting individuals access to a company's information systems.

Deployment Insights

On the basis of deployment modes, the global industry has been further classified into cloud, hybrid, and on-premise. The on-premise deployment sub-segment led the market in 2022 and accounted for the largest share of more than 50.45% of the overall revenue, due to the functionality of the solution without the need for an external network connection and access through Wide-Area Network (WAN) too. The cloud-based sub-segment is anticipated to register the highest CAGR over the forecast period.

End-use Insights

On the basis of end-uses, the industry has been further classified into BFSI; energy, oil & gas; telecom & IT; education; healthcare; public sector & utilities; manufacturing; and others. The public sector & utilities end-use segment dominated the industry in 2022 and accounted for the maximum share of more than 25.00% of the overall revenue. Rising digitalization adoption, increased investment in public sector applications, and the presence of a large amount of public data that are to be stored are the factors driving the segment growth.

Regional Insights

On the basis of geographies, the industry has been further categorized into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the global industry in 2022 and accounted for the largest share of more than 36.45% of the overall revenue. Increased cases of cyber-attacks faced by firms due to increased internet penetration are among the key driving factors for regional growth.

Browse through Grand View Research's Network Security Industry Research Reports.

• The global service provider network infrastructure market size was valued at USD 139.21 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2028.

• The global next-generation firewall market size was valued at USD 4.33 billion in 2021 and is expected to expand at a CAGR of 11.1% from 2022 to 2030.

Key Companies & Market Share Insights

The global industry is highly competitive. Key players undertake various strategies, such as M&A, business expansions, and product portfolio expansions, to gain a higher market share. For instance, in May 2022, Microsoft announced the launch of a family of IAM named Entra. Entra includes its existing tools, such as Azure AD, with its new product, Decentralized Identity and Cloud Infrastructure Entitlement Management (CIEM). Entra is intended to safeguard access to any resource or application by allowing security professionals to detect and manage permissions in multi-cloud environments, allowing them to secure digital identities from end to end.

Some of the prominent players in the global identity and access management market include:

• Amazon Web Services, Inc.

• Broadcom

• One Identity LLC.

• ForgeRock

• HID Global Corp.

• IBM

• McAfee, LLC

• Microsoft

• Okta

• OneLogin

• Oracle

• Ping Identity

Identity And Access Management Market Segmentation

Grand View Research has segmented the globalidentity and access management market on the basis of component, deployment, end-use, and region:

IAM Component Outlook (Revenue, USD Million, 2018 - 2030)

• Audit, Compliance & Governance

• Directory Service

• Multifactor Authentication

• Provisioning

• Password Management

• Single Sign-On

IAM Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud

• Hybrid

• On-premise

IAM End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• Energy, Oil & Gas

• Telecom & IT

• Education

• Healthcare

• Public Sector & Utilities

• Manufacturing

• Others

IAM Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o UAE

o Saudi Arabia

o South Africa

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

#Identity And Access Management Market #Identity And Access Management Market size #Identity And Access Management Market share #Identity And Access Management Market analysis #Identity And Access Management Industry

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maryyclark · 2 months ago

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Managed Mobility Services Research Report by Manufacturers, Region, Type and Application

Managed Mobility Services Market Information

The Managed Mobility Services Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

According to Straits Research, the global Managed Mobility Services market size was valued at USD 22.53 Billion in 2022. It is projected to reach from USD XX Billion in 2023 to USD 270.49 Billion by 2031, growing at a CAGR of 31.8% during the forecast period (2023–2031).

Get Free Request Sample Report @ https://straitsresearch.com/report/managed-mobility-service-market/request-sample

TOP Key Industry Players of the Managed Mobility Services Market

Hewlett-Packard

Vodafone Group PLC

Microsoft Corporation

Tech Mahindra

AT&T Inc.

Fujitsu Ltd

Kyndryl (IBM Corporation)

Wipro Ltd

Orange SA

Telefónica SA

Samsung Electronics Co. Ltd.

Global Managed Mobility Services Market: Segmentation

As a result of the Managed Mobility Services market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

By Function

Mobile Device Management

Mobile Application Management

Mobile Security

Other Functions

By Deployment

Cloud

On-premise

By End-user Industry

IT and Telecom

BFSI

Healthcare

Manufacturing

Retail

Education

Other End-user Industries

Browse Full Report and TOC @ https://straitsresearch.com/report/managed-mobility-service-market/request-sample

Reasons for Buying This Report:

Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.

Offers analytical insights and strategic planning guidance to support informed business decisions.

Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.

Includes market estimates by region and profiles of various industry stakeholders.

Aids in understanding critical market segments.

Delivers extensive data on trends that could impact market growth.

Research Methodology:

Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.

Validates market estimates through primary research with key stakeholders.

Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

About Straits Research

Email: [email protected]

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

Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

#Managed Mobility Services #Managed Mobility Services Industry #Managed Mobility Services Share #Managed Mobility Services Size #Managed Mobility Services Trends #Managed Mobility Services Regional Analysis #Managed Mobility Services Growth Rate #b2b #digitalmarketing #technology #trending

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elsa16744 · 2 months ago

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How Technology is Revolutionizing Fund Support Solutions

Fund support solutions often include investor onboarding, managing shareholder relations, conducting financial audits, integrating digital commerce, market research, creating multimarket funds, and managing debt conversion. As the banking, financial services, and insurance (BFSI) sector rapidly expands, stakeholders are increasingly adopting the latest fintech innovations to optimize these processes. This post explores how technology is revolutionizing fund support solutions.

Understanding the Scope of Fund Support Solutions

Risk analysis and developing effective portfolio strategies require in-depth market research, company profiling, and rigorous due diligence. Consequently, the demand for fintech that facilitates automation is growing globally. Numerous fund support solutions have also emerged to simplify fund admissions, automate investment research, and provide comprehensive feasibility reports.

To scale operations effectively, global bankers, financial advisors, and auditors must explore technological integrations while maintaining consistent accounting practices, round-the-clock fund management, and high data quality. Moreover, technologies that track evolving policies on taxation, sustainability disclosures, and wealth management are essential for minimizing compliance risks.

How Technology is Revolutionizing Fund Support Solutions

1| Forecasting Fund Performance

Predictive analytics uses historical data combined with machine learning (ML) to predict a fund's future performance. These predictive tools help in risk assessments, enabling portfolio managers to make balanced investment decisions. As a result, financial professionals can enhance their screening and profiling processes, leading to more accurate reporting.

Prescriptive analytics, an advanced stage of predictive technology, uses artificial intelligence (AI) to recommend risk management and portfolio diversification strategies. However, implementing such technologies requires robust fund data solutions, as high-quality datasets are critical for generating accurate AI recommendations.

2| Real-Time Data Streaming and Edge Computing

Real-time data streaming and edge computing technologies capture data near its source as soon as an event occurs, providing immediate insights to relevant devices for fund support solutions. This approach enables access to higher-quality datasets, as edge computing can filter data based on relevance or other criteria before dissemination.

While related to the Internet of Things (IoT), these applications focus on tracking market trends, company activities, media coverage, and risk exposure. Enhanced decentralized processing capabilities also reduce the workload on central servers for financial advisory firms.

Furthermore, companies need to collaborate with auditors, safety inspectors, and compliance assessors who may require instantaneous data delivery through custom streaming platforms. Real-time access to a company’s operations, accurate accounting, and legal compliance bolsters investor confidence. However, while implementing this technology in public companies is straightforward, it can be more challenging for private enterprises.

3| Blockchain and Smart Contracts

Technologies like blockchain and smart contracts create secure, unchangeable databases that record transactions, ownership, contracts, and partnerships. Blockchain technology can reduce transaction times by minimizing the need for extensive cross-verification, which typically delays high-value transactions through traditional banks.

This shift promises a faster transition to transparent financial management. At the same time, blockchain can streamline fund operations and investment support, benefiting all BFSI stakeholders. By promptly reflecting fund changes, blockchain and smart contracts support informed wealth management decisions.

Conclusion

Regardless of the specific role within the financial sector—whether it’s investment research or sustainability auditing—modern technology enhances record-keeping, data sharing, and risk assessment, contributing to more effective fund support solutions.

For example, Deloitte has demonstrated the benefits of integrating blockchain technology with private equity operations and tax evaluations, highlighting how limited partners (LPs) can gain from tokenized share ownership.

Similar initiatives are gaining traction among regulators and private companies worldwide, pointing toward a promising future for fintech applications.

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marketanalysisdata · 24 days ago

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