Friday 13 January 2023

Software Engineering Market Healthy Pace throughout the Forecast during 2020-2030

 Global Software Engineering Market - Overview

The Global Software Engineering Market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry. According to a recent study report published by the Market Research Future, the global market of Software Engineering is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

The factors driving the global market of https://www.marketresearchfuture.com/reports/software-engineering-market-2180Software Engineering market are Increasing Demand for Automation and Massive Penetration of Building Information Modelling (BIM) rise in threats among others. On the other hand, Piracy Issues, Lack of Skilled Personnel are some of the factors hindering the growth of Software Engineering Market.

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Automation is the new buzz word and is trending across industry verticals. Applications such as Computer aided design (CAD) and Computer aided manufacturing (CAM) are increasingly being used to both, design a product and program manufacturing processes such as CNC machining. CAM software makes use of models and assemblies created in CAM software to generate tool paths for driving machines that turn the designs into physical parts. CAD software is typically used for solid modelling, surface modelling, assembly, drafting, detailing and reverse engineering. Therefore, the software engineering market is expected to grow profoundly in the coming years.

Software Engineering Global Market - Competitive Analysis:

The Market of Software Engineering appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.

Major players are investing on internal R&D and, most of all, in strategic partnerships. The companies like Siemens, Solido and others are focusing towards strategic partnerships. Autodesk, Inc. a prominent player in software engineering market has designed a software named Autodesk which is widely used in numerous industry verticals. They have a major focus towards research and development, therefore the updated versions of engineering software are launched periodically.

Autodesk, Inc.(U.S.),Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France), IBM Corporation (U.S.),Geometric Ltd. (India),Siemens PLM Software, Inc.(U.S.),SAP SE (Germany),Synopsys, Inc. (U.S.),PTC, Inc.(U.S.), Ansys Inc. (U.S.),MSC Software Corporation (U.S.) and Carlson Software Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Software Engineering Market.

Software Engineering Global Market  - Segmentation:

The Software Engineering Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Software Type: Comprises Computer-Aided Designing (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering and Construction (AEC), Electronic Design Automation (EDA).

Segmentation by Application: Comprises Automation Design, Plant Design, Product Design, 3D Modelling and Others

Segmentation by End-user: Comprises Aerospace & Defense, Automotive, Banking, IT & Telecommunication, Oil & Gas, Healthcare and others

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

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Software Engineering Global Market - Regional Analysis:

Asia-Pacific is dominating the Global Software Engineering Market with the largest market share owing to the emergence of several manufacturing industries and rising demand from the automation industry. Moreover, countries like China, Japan, South Korea and India are increasing investing in cloud solutions.

Followed by Europe shows a significant growth in the software engineering market owing to the high adoption of cloud based solutions and services and high demand from the well-established automotive sector. North America shows considerable growth in the software engineering market owing to the countries like U.S. and Canada. The North America market for Software Engineering Market is expected to grow at a considerable CAGR (2022-2030).

Industry News

Nov 2017 -. Infosys has announced a partnership with Hewlett Packard Enterprise (HPE) to offer a joint end-to-end mainframe modernization solution that would provide global enterprise customers robust hardware and advanced software architecture.

Nov 2017 -. Siemens entered into an agreement to acquire Saskatoon, Canada-based Solido Design Automation Inc., a leading provider of variation-aware design and characterization software to semiconductor companies worldwide. Solido’s machine learning-based products are currently used in production at over 40 major companies, enabling them to design, verify, and manufacture more competitive products than ever before.

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Sunday 8 January 2023

Software Analytics Market Size, Growth Analysis Report, Forecast to 2030 | MRFR

 Market Highlights

According to Market Research Future (MRFR), the global software analytics market is projected to grow at approximately USD 13.2 billion at a 10.40% CAGR between 2022 and 2030 (forecast period).

Market Synopsis

Software analytics help developers in getting insightful conclusions on software buying behaviour of customers. The software analytics technology facilitates software developers to keep them informed for making accurate decision on design of certain software. This is expected to catapult the worldwide software analytics market on an upward direction in the evaluation period.

Data provided by software analytics aids in designing innovations. Hence, is expected to gain high traction for its market, globally. The expansion of product portfolios of major players of the market coupled with the surge in investments made by them are likely to gain momentum of the software analytics market in the coming years.

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The rising competition among enterprises and the increase in the requirement for improved and more effective software analytical tools and solutions are other causes that are expected to propel the market growth. The revenue creation for the software analytics market is expected to be high in the years to come. This is because of the rapid industrialization, which is triggering the enterprise to adopt latest technologies for quick growth. 

Segmentation:

The global software analytics market has been segmented on the basis of service, deployment, organization size, and vertical. 

On the basis of service, the global software analytics market has been segmented into professional service and support and maintenance services. 

Based on deployment, the global software analytics market has been segmented into cloud and on-premise. 

Based on organization size, the global software analytics market has been segmented into small & medium enterprises and large enterprises. Small and medium enterprises account for the largest market share. 

On the basis of vertical, the global software analytics market has been segmented into government & defense, BFSI, IT & Telecommunication, healthcare, retail, travel & hospitality, manufacturing, transportation & logistics, media & entertainment, others. BFSI sector is predicted to account for the highest market share in the software analytics market. 

Detailed Regional Assessment

The global market of software analytics is studied for Americas, Europe, Asia Pacific, and the Rest of the World. The market in North America is expected to spearhead the global market of software analytics. The market in US is anticipated to remain highly lucrative in the evaluation period. The consolidation of regional key players can lead to the augmentation of the North America software analytics market. Europe is a crucial growth pocket of the global software analytics market.

The market in the European region is noted to have significant growth opportunities. The intensifying competition between business enterprises and rise in the deployment of software developers are considered to drive the expansion of the software analytics market in Europe.

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The market in Asia Pacific is expected to tap into the highest CAGR in forecast years. The increase in developmental activities by major players in the region is also expected to surge the market in APAC. The APAC software analytics market is poised to generate considerable revenue in the year of evaluation. The increase in investments made by eminent players in the Europe software analytical market is expected to gain high profit for the market. The changing dynamics of the business sector is expected to influence the Europe market.

Competitive Dashboard

Market Research Future states some of the well-known companies functioning in the global market of software analytics. They include; International Business Machine (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Tableau Software (U.S.), SAS Institute (U.S.), Qlik (U.S.), Microsoft Corporation (U.S.), Informatica (U.S.), Microstrategy, Inc. (U.S.), and Teradata Corporation (U.S.).

Global Software Analytics Market, By Service (Professional Service, Support and Maintenance Service), By Deployment (Cloud, On-Premise), By Vertical (IT & Telecommunication, Healthcare, BFSI, Retail) - Forecast 2023

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Cloud Engineering Market Emerging Trends, Demand, Revenue and Forecasts Research 2030

 Cloud Engineering Market Highlights

The global cloud engineering market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.

Cloud Engineering Market is Predicted to Reach US$ 1235.4 Billion by 2030 Registering a CAGR of 16.60%

The cloud engineering market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above-mentioned factors. The players in the cloud engineering market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors.

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Regional Analysis

The global cloud engineering market is expected to grow significantly over the forecast period, 2017-2023. Retail segment of cloud engineering market globally drives the market majorly due to increasing demand for better solutions for brand image and customer satisfaction. The market is expected to have higher growth rate as compared to the previous years.

The global cloud engineering market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Retail segments hold a largest share in the North-American region. The reason is attributed to as the enterprises are shifting towards cloud-based solutions and services with the increasing adoption of better business strategies. Also, consumers are looking for better shopping experiences in this region. Therefore, retail segment of cloud engineering market accounted for the largest market share.

Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2022-2030. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of manufacturers, stringent government regulations, growing advancement and increasing adoption of high end technology in the field of measurement equipment are boosting the growth of card connector market in this region.

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North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to standard regulation, advanced infrastructure, presence of large number of enterprises and presence of technical expertise.

The key players in the global cloud engineering market include- Trianz (US), Sogeti (Europe), GFT Technologies SE (Europe), Aricent Inc. (US), Rapidvalue Solutions Inc. (US), Engineering Ingegneria Informatica SpA (Europe), ITC Infotech India Ltd. (India), Calsoft Inc. (US),  Nitor Infotech (India), VVDN Technologies (India) , Softcrylic LLC (US) and Searce Inc. (US), among others.

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Thursday 5 January 2023

Mechatronics and Robotics Courses Market Growing Popularity and Emerging Trends to 2030

 Mechatronics and Robotics Courses Market Synopsis 

According to MRFR, the Global Mechatronics and Robotics Courses Market 2022 is Estimated to grow at a CAGR of approximately 13.20% during the forecast period of 2022-2030.

Mechatronics and Robotics Courses Market Scenario

The world is moving rapidly towards a future where diverse mechanical products contain electronics and monitoring or control computers. This combination of electronic and mechanical parts, or mechatronics, enables the design of intelligent, secure, flexible electromechanical systems such as medical devices, aircraft simulators, industrial robots, automated assembly lines, autonomous vehicles, and construction control systems. Mechatronics skills are set to be in high demand in the future.

In recent years, many low-cost , highly capable robotic platforms have gained traction by introducing students to the concepts of mathematics, science and engineering that apply to all grades. As a result, the number of workshops that cater for the dissemination and understanding of these principles, as well as the practical teaching of mechatronics and robotics, is growing. Vendors are gradually opting for these workshops as there are less costs and high returns involved. The major factor driving the growth of the market for mechatronics and robotic courses is increased use of mechatronics by OEMs. The rising applications in the industrial sector are designed to train engineers with basic knowledge and primary skills to build autonomous mechatronics and robotic systems.

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An upsurge in research and development activities in the field of mechatronics and robotics is predicted during the assessment period to have a positive impact on the market for mechatronics and robotics courses. Growing implementation of automation technology in various industrial sectors is seen to reduce human error, thereby exponentially accelerating the global demand for mechatronics and robotics courses.

The main problem for OEMs and SMEs, however, is to reduce the total operating costs. Other issues with the organizations include the need to operate efficiently and meet regulatory requirements, and meeting environmental standards at the same time has become one of the main challenges to OEMs.

Mechatronics and Robotics Courses Market Segmentation

The global demand for courses in mechatronics and robotics is segmented by platform and application. The market is segmented into the online and offline by user segment. The section of the application is categorized into the production, automobile, aircraft, space and others. The other section consists of use in electrical and electronics.

Mechatronics and Robotics Courses Market Regional Perspectives

The global demand for courses in mechatronics and robotics is studied in Asia Pacific , North America, Europe and the rest of the world.

It was observed that mechatronics and robotics courses market in North America was projected to rise at the highest CAGR. Highly equipped industries demand automation in various vertical industries to reduce human consumption, Which is boosting the market for mechatronics and robotics courses. Because of the involvement of major players, such as the British Columbia Institute of Technology (Canada) and Hennepin Technical College (U.S.), the U.S. and Canada are expected to drive mechatronics and robotics courses market development.

Europe's market represents a considerable share of the market for mechatronics and robotics courses.

At the highest CAGR the Asia Pacific market is expected to expand. Factors that lead to the rapid growth of the Asia Pacific market for mechatronics and robotics courses (APAC) include the emergence of small and medium-sized education institutions that support mechatronics and robotics courses and A proliferation of mechatronics research and development topics. In addition, a rapid growth of the automotive industry and an increase in the implementation of advanced technologies in the automotive sector are expected to stimulate growth in the demand for mechatronics and robotics courses.

Mechatronics and Robotics Courses Market Competitive Dashboard

Some of the major players in the global mechatronics and robotics courses market: British Columbia Institute of Technology (Canada), ARM Holdings (United Kingdom), Bosch Rexroth (Germany), Hennepin Technical College (U.S.), Amtek Industries (UAE), ABB (Switzerland), KUKA Robotics (Germany), Siemens (Germany), Novatech Robo Pvt Ltd (India ), and others.

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Wednesday 4 January 2023

Data Classification Market Pegged for Robust Expansion During 2020-2027

 

Data Classification Market Highlights:

The process of sorting, organizing and managing the different data sets on the basis of file properties, structures, and demographics for effective and efficient use in enterprises is termed as data classification. Data Classification Market it easy for any system to easily categorize, find and retrieve data. The vendors providing data classification solutions provide an intetgrated solution rather than standalone solution such as data security, and data loss prevention solution integrated with other data analysis, or data processing solutions

Data Classification Market is projected to grow at a CAGR of 22.8% during the forecast period 2020-2027

Major Key Players:

The key players in data classification market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Amazon Web Services (US), IBM Corporation (US), Microsoft Corporation (US), Google LLC (US), Symantec Corporation (US), OpenText Corporation (Canada), Covata Ltd (Australia), Boldon James Ltd (UK), Varonis Systems Inc (US), and Innovative Routines International Inc (US). These players contribute a major proportion towards market growth.

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Apart from the top key players, the other players contribute nearly 30–35 % in the data classification market. These include Innovative Routines International Inc (US), Informatica (US), DataGuise Inc (US), Spirion LLC (US), Digital Guardian (US), Titus (Canada), Netwrix Corporation (US), PKWARE (US), GTB Technologies (US), Forcepoint (US), Sienna Group (US), MinerEye (Israel), SoftWorks AI (US), Expert TechSource (India), Clearswift (UK), Seclore (US), and Janusnet (Australia). and others.

Regional Analysis:

The market for data classification is estimated to grow at a significant rate during the forecast period from 2020 to 2027. The geographical analysis of data classification market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). The market is dominated by North America owing to major developments by key players in the data classification market. Nearly 70% of the data classification companies have their presence in the US.

On the other hand, Europe closely follows North America and is estimated to be the second largest region by revenue by 2027. Asia-Pacific is expected to be the highest fastest growing region with highest CAGR during the forecast period since due to growth in the semiconductor industry, and digital infrastructure. The BFSI and IT sector in Asia-Pacific is growing at a rapid pace and countries such as India, and Japan are expected to be among the top IT regions by 2027.

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 Segmentation:

The global data classification market is segmented into component, type, application, and region.

  • By component, the market is segmented into solution, and services. Solution is further segmented into standalone solution, and integrated solution. Services is further segmented into consulting service, integration service, and maintenance & support service.
  • By type, the market is segmented into context-based, content-based, and user-based.
  • By application, the market is segmented into access control, GRC, web, mobile & e-mail protection, and centralized management.
  • By region, the data classification market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

 

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Monday 2 January 2023

Key Management as a Service Market Forecast Future Insights, Market Revenue and Threat Forecast by 2027 | COVID-19 Effects

 Market Overview

The Global Key Management as a Service Market was valued at USD 363.54 million in 2018; it is estimated to reach USD 2625.16 Million by 2027 growing at a CAGR of 27.24% during the forecast period 2021–2027. Market Research Future (MRFR) has segmented the key management as a service market on the basis of component, application, organization size, vertical, and region.

In this day and age, data has managed to become more important and valuable than wealth. This is true because data is gold. After all, information technology solutions are at an all-time high and are diversifying rapidly to address other unmet needs of the society or fulfill the need in a new manner altogether. The development of key management as a service thus comes at a convenient time when managing sensitive data and login credentials are extremely important. Most of an individual’s information is stored online these days due to the accessibility to the internet and devices like laptops, tablets, and smartphones.

Thus in a scenario like this, it becomes vital that the data is safeguarded and kept secure from malicious and unlawful sources who may attempt to exploit sensitive information. Many organizations these days are turning to several cloud service suppliers to resolve different challenges, and the novel risks and additional responsibilities that come with key management as a service.

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Key Players

The key management as a service market is expected to be a growing market in the coming years owing to the presence of numerous large players active in the regional market. IBM Corporation (US), Amazon Web Services (US), Thales eSecurity (France), Oracle Corporation (US), Equinix, Inc. (US), Alibaba (China), Egnyte (US), Ciphercloud (US), Google (US), Keynexus (US), Sepior ApS (Denmark), Unbound Tech (Israel), and Box (US) are the companies leading the key management as a service market globally.

Segmentation

By component, the key management as a service market has been segmented into solution and services. Among these, currently, the key management solutions segment is dominating the market due to the increasing adoption of key management solutions by enterprises to enhance their IT security and efficiency. Government initiatives supporting digitalization and increasing adoption of cloud services are the factors contributing to the growth of key management solution. Whereas, the service segment comprising professional and managed services, is projected to witness a high growth rate in the coming years. Lack of technical expertise and awareness among the enterprises regarding the key management solutions has propelled the market in favor of key management service providers.

By application, the key management as a service market has been segmented into disk encryption, file encryption, database encryption, communication encryption, and cloud encryption. Among these, currently, the disk encryption application is expected to dominate the market due to the increasing demand among enterprises to reduce the risk of unauthorized access to sensitive information. Whereas, the cloud encryption segment is expected to witness the fastest CAGR during the forecast period. Rising adoption of cloud platform has propelled the market of cloud encryption.

By organization size, the market has been segmented into small- and medium-sized enterprises and large enterprises. Among these, the large enterprises segment is currently dominating the market due to the increasing need to safeguard huge volumes of sensitive information present on-premise as well as cloud platforms. Also, the large enterprises have a sufficient amount of budget for the IT spends to enhance their security and efficiency, which further fuels the market for this segment. Whereas, the SMEs is projected to grow with the fastest CAGR owing to rising adoption of cloud-based platforms accelerating the demand for KMaaS.

By vertical, the market has been segmented into BFSI, healthcare, IT and telecommunication, government, retail, manufacturing, and aerospace, and defense among others. Among these, BFSI is currently dominating the market due to the high demand for information security. Increasing adoption of digital and cloud technology across BFSI sectors are some of the prime factors driving the adoption of key management as a service among banking and financial institutions. Whereas, healthcare vertical is projected to grow at the fastest CAGR during the forecast period.

By region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America has been further segmented into the US, Canada, and Mexico. Europe has been further segmented into Germany, the UK, France, Spain, Norway, Benelux, and Italy. Asia-Pacific has been sub-segmented into China, Japan, India, South Korea, Australia, Malaysia, Indonesia, and the Philippines. The Middle East and Africa have been further segmented into Saudi Arabia, Israel, Turkey, and South Africa and South America has been classified into Brazil, Peru, Chile, and Argentina.

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Cloud-Managed LAN Market Research Report 2021 | Upcoming Market Growth, Trends, Analysis by 2027

 Global Cloud-managed LAN Market Synopsis

The Global Cloud-managed LAN Market was estimated at USD 524.7 million in 2018, with a CAGR of 10 % projected to hit USD 139.6 Billion by 2027 during the forecast period.

Business highlights

Market growth can be attributed to growing acceptance of bringing your own devices (BYOD) and choosing your own devices (CYOD) by business enterprises, and increasingly growing Wi-Fi system deployment across public venues.

During the forecast period, however, the deployment of heterogeneous networks (HetNets) and the increasing need for managed Wi-Fi solutions also pave a way for the cloud-managed LAN market. As a result of the proliferation of smart devices such as smartphones, tablets and laptops, developing economies such as Brazil, India, and South Africa are seeing a large rise in data traffic. It has enabled the mobile networks to expand rapidly.

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Also, mobile service providers are seeking a range of network capacity flexibility solutions in a cost-effective and secure manner. Service providers provide HetNetsmade up of Wi-Fi and Small Cell technologies to reach the network efficiency. HetNets improve network efficiency in Wi-Fi hotspots substantially and are rapidly installed at airports , train stations, stadiums and others.

Thus, over the projected period, an increasing number of public Wi-Fi solutions across the public network are expected to drive the cloud-managed LAN market. At the other hand, the lack of interoperability and security and privacy problems in the forecast period are likely to impede the growth of the cloud-managed LAN market. Nonetheless, the lack of specifications in terms of Wi-Fi solutions' compatibility and operability is likely to hamper the growth of the managed Wi-Fi market by limiting the overall cloud-based LAN market throughout the evaluation period.

Market Segmentation

The global cloud-managed LAN market has been segmented based on vertical, organization size, component, and region.

Based on the component, the global cloud-managed LAN market has been segmented into solution, hardware, and service. The hardware segment comprises routers, Wi-Fi access points, switches, and gateways. The service segment has been divided into professional services and managed services. The professional services segment has been classified into deployment and implementation services, consulting services, and other support services.

Based on the solution, the global cloud-managed LAN market has been classified into network management , monitoring and performance management, guest access, on-board services, configuration solution, unified SD-LAN and SD-WAN management, security / authentication, policy enforcement, and others.

The industry was segmented into small and medium-sized businesses and big business by organizational scale.

The global cloud-managed LAN market was categorized vertically into BFSI, IT and telecommunications, government and the public sector, transport and logistics, media and entertainment, travel and hospitality, education, manufacturing, and others.

Regional Outlook

The global cloud-managed LAN market has been geographically divided into North America, Europe , Asia-Pacific, Middle East and Africa and South America.

As a developed market, North America accounted for the largest share in 2018, and projected to dominate the global cloud-managed LAN market over the forecast period. The growth in the market can be due to the emergence of major cloud-managed LAN network providers.

Asia-Pacific is projected to be the fastest-growing LAN market in the cloud-managed assessment era. The growth in the market can be attributed to the growing need for quality of services to improve customer experience.

Competitive Dynamics

MRFR recognizes some of the key players in the global cloud-managed LAN market  Aerohive Networks (US), Emeriocorp. LANCOM Systems GmbH (Germany), HP Enterprise Development LP (US),  Iricent Ltd  (Dublin), DXC Technology. (US), Nokia Corporation (France), NTT Communications (Singapore), T-Systems International GmbH (Germany), Juniper Networks, Inc. (US), Cisco Systems, Inc (US), Extreme Networks (US), CommScope (US), Cambium Networks, Ltd (US), Verizon (US), Huawei Technologies Co Ltd (China), and Riverbed Technology (US).

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Sunday 1 January 2023

Payment as a Service Market Forecast Size, Share, Growth, Latest Trends, Global Forecast 2027

 Payment as a Service Market Overview 

The Global Payment as a Service Market was valued at USD 4.27 billion in 2018 and is estimated to reach USD 20.3 Billion by 2027 growing at a CAGR of 19.7% during the forecast period 2020–2027. Market Research Future (MRFR) has segmented the payment as a service market on the basis of component, vertical, and region.

By component, the payment as a service market has been segmented into platform and service. Among these, currently, payment platforms are dominating the market due to increasing adoption of digital payment methods by consumers worldwide. PayPal, PayU, Stripe, Braintree, BlueSnap, and Zoho Checkout among others are some popular payment gateway providers globally.

Government support for digital transformation is one of the prime factors for the significant growth of payment platforms. Whereas, the service segment comprise professional and managed services, are projected to witness high growth rate in the coming years. Security concerns among end-users regarding online or digital transactions, due to lack of skilled expertise, has propelled the market of payment service providers.

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By vertical, the market has been segmented into BFSI, retail, hospitality, media & entertainment, healthcare. Among these, BFSI is currently dominating the market due to high demand for secured real-time payment gateways by end-users. Increasing digital transactions on various platforms, growing market of e-commerce, and government support for contactless payments are some of the prime factors driving the adoption of payment as a service among banking and financial institutions. Whereas, retail, followed by the hospitality sector, is projected to grow with the fastest CAGR, respectively.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America has been further segmented into the US, Canada, and Mexico. Europe has been further segmented into Germany, the UK, France, Spain, Norway, Sweden, and Italy. Asia-Pacific has been sub-segmented into China, Japan, India, Singapore, Australia, Malaysia, Thailand, Indonesia, Vietnam, the Philippines, and South Korea. Also, the rest of the world has been classified into the Middle East & Africa and South America.

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Key Players

The payment as a service market is expected to be a growing market in the coming years owing to the presence of numerous large players active in the regional market. First Data Corporation, Total System Services (TSYS), Paysafe Group Ltd, Verifone, Ingenico, Aurus, Inc., Pineapple Payments, ePay, BlueSnap, Inc., PayU, Alpha Fintech, Google, Stripe, Braintree, Amazon, Skrill, Zoho Checkout, BitPay, Authorize.net, WePay, and First American Payment Systems are the companies leading the payment as a service market globally.

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Logistics Automation Market Revenue Growth, Qualitative Analysis, Quantitative Analysis Till 2030

 Market Highlights

The logistics automation market is expected to register a CAGR of 12.30% during the forecast period of 2022–2030. There are various factors which are contributing to the growth of the logistics automation market, such as exponential growth in the e-commerce industry, advancements in robotics, and smart devices to control various processes.

Key Segments

By component, the market has been segmented into hardware, software, and services

By organization size, the market has been segmented into large enterprises and SMEs.

By application, the market has been segmented into warehouse management and transportation management.

By end user, the market has been segmented into retail and e-commerce, manufacturing, oil & gas, healthcare and pharmaceuticals, automation, aerospace & defense, and others

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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Key Players

MRFR recognizes the key players in the global logistics automation market as Dematic Corp. (US), Daifuku Co., Ltd (Japan), Swisslog Holding AG (Switzerland), Honeywell Intelligrated (US), Murata Machinery Limited (Japan), Knapp AG (Austria), Jungheinrich AG (Germany), SSI Schaefer LLC (UAE), Mecalux, SA (Spain), VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), and Falcon Autotech (UK).

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Regional Analysis

The global logistics automation market is projected to grow at a significant rate during the forecast period from 2018 to 2024. The geographical analysis of logistics automation market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world

Among these, North America dominates the market due to the presence of key market players such as XPO Logistics, Americold Logistics, and Honeywell Intelligrated. Moreover, the increasing retail and e-commerce market in the region is contributing significantly to the growth of the logistics automation market.

Additionally, the advancements in the robotics and IoT devices in the region drive the market in the region. The market in the US dominates the market in North American logistics automation market due to the increasing demand for these solutions in retail and e-commerce, manufacturing, automotive, and other industries to enhance the operation and workflow. These systems are used as the decrease the cost caused by error through mechanical work making it through automation.

Europe accounts for the second largest market  in global logistics automation due to the presence of various key players such as Jungheinrich AG, Knapp AG, and Swisslog. Moreover, there various industries present in the region, including automation, transportation, healthcare and pharmaceuticals, and aerospace and defense that are adopting the systems on a rapid pace including medium enterprises. However, the high cost of the technology is expected to hamper market growth.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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