Businessinsider: March 2022

Thursday, March 31, 2022

Legal Process Outsourcing Industry Revenue Growth Predicted by 2022-2027 | COVID-19 Effects

Overview

Global legal process outsourcing market is enriched and is forecasted to witness steady growth during the forecast period of 2023. It’s the rapid globalization that is touted to be the prime reason behind establishing the international legal process outsourcing market. Increasing number of users of internet and technologies associated is cited as the prime reason behind the growth of the global legal process outsourcing market.

Growing standards of data security and others are among the key reasons behind growing Legal Process Outsourcing Industry. Various advantages associated with legal process outsourcing like availability and others boost its adoption and thus enrich global legal process outsourcing market. Nominal expenses associated with storing data are also factors fuelling the global legal process outsourcing market. Expanding size of the organizations and technological advancement can also be cited as the prime factors behind the market growth.

Equal emphasis among both the small and medium level companies can be cited as the prime reasons behind the growth of the global legal process outsourcing market. Minimal costs associated with the process can be touted as the prime reason behind the significant growth of the market. Increasing awareness among people is also one of the prominent factors behind the growth of the market. Reportedly, the global legal process outsourcing market is projected to grow at USD ~25 Billion by 2023, and ~26% of CAGR between 2017 and 2023.

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Segmentation

The global Legal process outsourcing market can be segmented on component, organization size, service location, end-users, and region. The components segment can be further classified into software, service (bookkeeping and billing, E-discovery, IP technical support outsourcing, legal research outsourcing, litigation support outsourcing, contract drafting, compliance assistance, patent support, data analysis and management, review and management), and others. On the basis of organization size, the global legal process outsourcing market is segmented into small and medium-sized enterprises, large enterprises. On the basis of end-user, the market can be segmented into BFSI, government, automotive, healthcare & life sciences, and others.

Regional analysis

Geographically, the global legal process outsourcing market can be segmented into North America, Europe, Asia Pacific, and rest of the world. North America is considered the most dominant among all on the basis of market share in global legal process outsourcing market. Growing demand powered by the outsourcing of electronic documents is cited as the prime reason. Europe comes next to global legal process outsourcing market in the forthcoming period. Asia-Pacific, mainly led by nations like China, Japan, and India, contributes the most towards the growth of global Legal process outsourcing market and is projected to grow at the highest CAGR in the upcoming years.

Industry news

According to reports, global Legal process outsourcing market is going to remain steady between the forecast period of 2017 and 2023. North America is projected to be the most dominant of all in this segment of global Legal process outsourcing market. It is expected to grow at USD ~25 Billion by 2023

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Legal Process Outsourcing Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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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Policy Management in Telecom Market by Type, Applications, Growth Drivers, Trends, Demand and Global Forecast to 2027 | COVID-19 Effects

Overview

Telecom policy management solutions are used by multinational companies in curbing costs of telecommunication providers and contain measures and rules for regulating the use of equipment and devices. Optimization of data and wireless phones will be pivotal in curbing purchases of phones and their uses. The global policy management in telecom market report by Market Research Future (MRFR) comprises the latest trend and opportunities to affect the industry for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effect on the services during the aforementioned period are explained in detail.

Segmentation

The policy management in telecom market is segmented on the basis of components, deployment, and organization size and network type. The component segment includes software and service. The service segment includes managed service and professional service. Managed services can be defined as active supervision of an information technology asset or object, by a third party known as a MSP, on behalf of the end-user. The operative distinction separating MSP from professional services is the proactive delivery of their service as compared to reactive IT services. The key drivers contributing to the growth of the managed services are the rise in digital information, security accorded to servers, increasing trend of bring your own devices (BYOD), flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in technological solutions.

The segmentation on the basis of deployment includes cloud and on-premise. The cloud solution accounted for the highest market share owing to its help in enterprises minimizing costs associated with hardware infrastructure. It allows companies to focus on core services while providing them with data protection and security services. Efficient management of storage, data integrity and protection, and alleviating concerns of privacy issues can bolster the segment growth in the global policy management in telecommunication market.

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Market Scope

The policy management in telecom market is expected to grow at approximately USD 1,606.95 million by 2023 at 11% CAGR over the forecast period.

Rise of wireless data services is a prime opportunity for the market to extend its wings owing to the sales of smartphones and other smart devices. Telecommunication policies for wireless data usage can lower expenditure costs and push profit margins greatly. Awareness of telecom policies and prevention of misuse and fraud can bode well for the market. Setting of standards within companies and approval of mobile device asset services can set a benchmark for the market to capitalize during the forecast period.

Competitive Outlook

Genpact, LM Ericsson Telephone Company, Oracle Corporation, Comarch Sa., Amdocs Limited, Intracom Telecom, Huawei Investment & Holding Co., Ltd., Nokia Corporation, Wipro Limited, and Astea International Inc. are key players of the global policy management in telecom market.

Regional Analysis

The regional analysis of policy management in telecom market is being studied for regions such as Asia Pacific (APAC), Americas, Europe, and Rest-of-the-World (RoW). North America region accounts for highest market share in policy management in telecom market owing to presence of major players in the region. The region consists of major telecom solution providers, advance network infrastructure and adoption of high advanced technologies are significant factors boosting the market in the region. Countries such as US and Canada contributes large amount of revenue in the policy management in telecom market in the region. Asia‐Pacific region is expected to be growing at the highest CAGR in the policy management in telecom market. Owing to the increasing subscribers and growing data traffic in the region, growing smartphone users and rise in digitization is one of the significant factors boosting market in the region.

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Policy Management in Telecom Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Industrial Analytics Market Advancement, Target Audience, Growth Prospects and Segmentation | COVID-19 Effects

Overview:

The global industrial analytics market is growing by leaps and bounds. The market growth attributes to rising adoptions of the industrial internet of things (IIoT) and the growing volume of digital data generated by IoT devices. Increasing numbers of enterprises today are incorporating industrial analytics tools to improve industrial operations and their business. Besides, rising implementations of cloud deployment due to its cost-efficiency and benefit of real-time data retrieval escalate the market demand.

According to Market Research Future (MRFR), the global Industrial Analytics Market Growth valuation is projected to reach approximately USD 29 BN by 2023, growing at 11% throughout the forecast period (2017-2023). Capabilities of analytics tools to analyze complexities of data accelerate the growth of the market. Moreover, developments in industrial analytics tools led by the advancements in AI and redirective analytics substantiate the market growth. Besides, smart data discovery capabilities increase the adoption of these analytics.

Additionally, upgrades in machine learning and automation technologies increase the size of the market, improving the entire analytics workflow. Increasing investments to develop data analytics tools that can support real-time data streaming impact the growth of the market positively. On the other hand, reluctance to adopt industrial analytics and the lack of awareness are major factors anticipated to impede the market growth. Nevertheless, the increasing adoption of analytics platform for cloud deployment would support the growth of the market over the forecast period.

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Market Scope

The industrial analytics market is expected to reach approximately USD 29 billion by the end of 2023 with approximately 11% CAGR during the forecasted period.

Advances in connected devices, automation, and industrial internet of things (IIoT) are one of the primary drivers of the market. Benefits of industrial analytics such as improvements in product quality, analytics for customer satisfaction, and rise in profit margins of companies can drive its adoption. Emergence of new companies, changing standards, and rise of faster production due to the growth in population can influence the market growth.

Segmentation

The industrial analytics market is segmented on the basis of analytics tools, deployment, organization size, and industry.

On the basis of analytics tools, it is segmented into business intelligence, cognitive analytics, predictive analysis, artificial intelligence, and others. Out of these, the predictive analysis holds the largest share of the market. This generally includes the analytics for the maintenance of machines for which more than 40% organizations consider it pertinent for future production during the forecasted period. Tools such as business intelligence can gain revenue share owing to its importance from the manufacturing perspective.

On the basis of deployment, the segmentation is divided into on premise and on cloud. Industrial analytics being a software enablement platform includes analytics tools requiring huge amount of data to be gathered and interpreted. The on cloud segment is expected to garner revenues owing to major organizations in North America, especially U.S., are implementing the method due to cheaper installation and benefit of data retrieval.

On the basis of size of organizations, the segmentation is segmented into large and small and medium enterprises (SMEs).

On the basis of industrial vertical, the market is segmented into utilities, telecommunication, IT, transportation, retail, and manufacturing. Out of these, the utilities segment including energy and power is expected to grow significantly in the forecasted period. This is majorly due to the increased demand of real time data which can play a major role in handling sudden power outages, load of power, and unpredicted calamities.

Regional Analysis

The global industrial analytics market considers the regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The market is led by North America followed by Europe. This is majorly due to the presence of large analytics organizations in U.S. Presence of various manufacturing, food and beverage manufacturers, and other industrial component manufacturers can drive the market growth. Investments in research and development in the U.S and Canada have adapted to the technology earlier than others.

However, the market growth in APAC is expected to grow significantly over the forecast period. The ease of lockdown rules during the COVID-19 pandemic can lead to the use of cameras for ensuring workers at factories can adhere to preventive measures. The use of IoT solutions as people counters to measure footfall at malls and development of smart analytic solutions can fuel the regional market growth.

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Industrial Analytics Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Wednesday, March 30, 2022

Web Application Firewall Industry Forecast, Business Strategy, Research Analysis on Competitive landscape and Key Vendors 2027 | COVID-19 Effects

Web Application Firewall Solutions

The web application firewall market is projected to witness a significant growth during the forecasted period. The market is majorly driven by the increased usage of internet and web related applications. The web application firewall prevents the organizations from several vulnerabilities as the developing technological advancements is giving rise to the increased threats and attacks. Based on deployment, the market is segmented into on appliance, on cloud, and on network. Among these, the cloud-based web application firewall is leading the segment because of the solutions and advanced technologies of prevention from malware, phishing, and other cyber-attacks and threats. Also, cloud-based deployment is a cost-effective solution for better usability, scalability, and security protection options. The adoption of cloud technology across various organizations and verticals has increased, the cloud-based web application firewall offers capabilities such as access control, application programming interface, threat intelligence, and bot detection. Cloud based web application firewall are easy to deploy. The cloud-based application firewall lets the companies switch to the cloud services, which is the feature of subscription-based services.

The need for robust measures to perceive the threats and strikes by checking the HTTP request are fueling the web application firewall market 2020. The automotive technology and services reports are produced by Market Research Future, which contains market alternatives for progress. An income generation potential reaching figures of USD 5.5 billion by the end of 2023 is forecasted at a CAGR of 15 %.

The use of the internet and web-related applications is rising steadily, and this is estimated to bolster the Web Application Firewall Industry share. The influences of mounting digitization and online stores are estimated to invite cyber-attacks is estimated to increase the web application firewall market share in the forecast period.

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Market Segmentation

The global firewall market for web applications is segmented by deployment, services, size of organization, security models, end users and region. The market is segmented into on appliance, cloud, and network based on deployment. Of others, the cloud-based web application firewall is the leading category due to advanced malware, phishing, and other cyber-attacks and threats mitigation technologies and solutions.

The segmentation is categorized according to technical services and managed services depending on the companies.

The market is divided into negative security model, positive safety model and hybrid security model.

The web application firewall attracts end users such as banking, insurance, e -commerce, government, telecom, education, healthcare, and others.

Market Highlights

In the coming years, the global market is expected to experience rapid growth on the back of various factors, including rising adoption of web applications, the rise in cyber-attacks, and increasing Internet of Things penetration. The rise in Internet of Things implementation, especially in automotive and consumer electronics, is a prediction to generate lucrative opportunities on the global market. The surge in data theft cases has increased the need for the firewall on the web application. They are requested against cyber-attacks such as cross-site scripting and SQL injection for security. Web application firewall (WAF) is recognized for safeguards provided to the servers. WAF 's availability in different forms such as computers, servers, and filters play a major role in deciding the size of the firewall market for web applications. On the global market, the rising rate of adoption of cloud-based computing technologies serves as a growth factor. Government cybersecurity regulations also accelerate the advancement of the firewall environment of web applications.

Cloud-based WAF products are gaining popularity on the market because they are completely equipped with anti-malpractice threat management technologies such as ransomware, cyberware, phishing and emerging cyber threats on the global market. This cloud-based approach provides a major benefit by protecting the network even when the user is offline. Various positive attributes such as threat intelligence, bot detection and compliance, caching, Application Program Interface (API) protection, Distributed Denial of Service (DDoS) mitigation, and malware detection are stepping up market development.

Competitive Analysis

The emphasis on innovation is estimated to rise in the coming years, as the consumer needs have to be addressed in a better manner to ensure the resurgence of the global market. Also, the need to encourage business to include the environmental impact of their decisions is estimated to shape the development of the market in future. The need to mitigate losses sustained by the current public health crisis is estimated to be the sole focus of the market contenders in the upcoming years. Furthermore, the need to adopt a rapid and cost-effective method of operation is estimated to shape the market in the impending period. The capability of contenders to influence change in the market is increasing at a stable rate in the impending period. The support from government bodies around the world is rising because the market needs an extra stimulus to achieve normalcy in such a scenario. The disharmony in the forces of demand and supply is estimated to create a slow growth background in the market.

Detailed Regional Analysis

The regional examination of the web application firewall market includes regions such as Europe, North America, Asia Pacific and the rest of the regions. The Asia Pacific region is substantially developing in the web application firewall market owing to the collective adoption and systems of web and mobile applications in nations such as India and China for business processes. Out of the regions considered, the regional market in North America is leading in terms of unconventional incidence of security vendors. The North American regional market is the most innovative region for cybersecurity technology acceptance and organization owing to the industrialized countries such as the U.S. and Canada.

The illustrious players in the web application firewall market are Barracuda Networks, Inc. (U.S.), Fortinet, Inc. (U.S.), IBM Corporation (U.S.), NS Focus Information Technology Co Ltd (China), Citrix Systems, Inc. (U.S.), F5 Networks, Inc (U.S.), Imperva Inc (U.S.), Applicure Technologies Ltd (Israel), DBAPP Security Co., Ltd (China), Akamai Technologies (U.S.), Juniper Networks, Inc (U.S.), among others.

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Web Application Firewall Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Cloud Business Email Market Trends, Emerging Audience, Segments, Profits and Competitor Landscape | COVID-19 Effects

Cloud Business Email Market

Market Scope

The global cloud business email market is driven by convenience and flexibility of cloud for handling exchange of information securely. Business email services hosted on the cloud can be accessed through the internet and smartphones. Benefits of curbing expenses, improve adaptability, and improve return of investment (ROI) can drive market growth effectively. The move by various organizations in improving customer experience and availability of pay-as-you-use model can bode well for the market.

Integration of hybrid cloud models for hosting various clients simultaneously and launch of new ventures with a focus on digitalization can drive demand for cloud business email. The market can expand by offering services to organizations of all sizes due to development of crossover cloud administration.

But compromise of data through cloud business email solutions may hamper market growth. Hidden costs and initial installation costs can pose a challenge for market players.

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COVID-19 Impact

The COVID-19 pandemic has been lucrative for the Cloud Business Email Market Research. This is attributed to rise of remote working and shift to cloud of various applications for assuring continuity of work.

Segmentation

BFSI Vertical to Dominate Market Demand

The BFSI vertical is bound to command a major portion of the cloud business email market owing to various financial transactions and exchange of data between companies and clients. Strict regulations and adherence to security requirements coupled with privy to confidential data from governments and high net worth individuals can augur favorably for the market. Deployment of servers for handling email requests can lower implementation time and costs for banks. Large number of electronic transactions between employees and customers can spur market demand.

Security Solution of Cloud Business Email Providers to Garner Huge Revenue

Email security can dominate the solutions in the market owing to increasing number of corporate clients. As per the report by 99 Firms, the number of email users can amount to 4.3 billion by 2023.

Regional Analysis

North America to Lead in Global Cloud business email Market

North America is expected to take the lead in the global cloud business email market owing to adoption of cloud services and huge demand for advanced security. Prevention of cyberattacks and focus on maintaining security within corporations can drive the regional market demand. Use of cloud security software for protecting clients from cyberattacks and risk of email security outsourcing can drive market demand. Expansions of industries and potential of IoT can bode well for regional demand.

Competitive Analysis

Extreme Networks, Genesys (US), Cisco Systems (US), Aspect Software (US), Connect First (US), NewVoiceMedia (UK), 8x8 Inc. (US), Oracle Corporation (US), Five9 (US), and NICE Ltd. (Israel) are key players in the global cloud business email market.

Industry News

Check Point Software Technologies has acquired Avanan which specializes in protection of email. The move by various organizations to cloud business email services will be valuable to the company in the long run.

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Cloud Business Email Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Virtual Reality in Therapy Market Overview, Business Opportunities, Sales and Revenue, Supply Chain, Challenges by 2027 | COVID-19 Effects

The global virtual reality in therapy market size is projected to reach USD 3.9 billion by 2023, according to the latest report by Market Research Future (MRFR). It can expand at 32% CAGR from 2017 to 2023. MRFR’s report on the virtual reality in therapy market comprises growth drivers, challenges, and trends on the industry for the forecast period (2020-2027). The COVID-19 pandemic and its implications are explored in depth in the market.

Market Scope

The global virtual reality in therapy market is driven by demand for wearables by customers and its potential in mental health wellness. Technological transformation in the healthcare sector combined with gloves, rings, goggles, and headsets can bode well for the market. Treatment of mental health disorders and diseases during the COVID-19 pandemic has proven to be a lucrative opportunity for the Virtual Reality in Therapy Market Size.

Virtual reality has been utilized in treating and overcoming phobias of patients. For instance, Vivid Vision has treated lazy eye conditions with immersive experiences. It is offering remote treatment for weak eyes, crossed eyes, and convergence disorder. Initiatives by governments for bringing in novel therapeutic practices for treatment of patients can drive market growth. Huge demand for VR systems for educating patients and students on benefits of therapy will benefit the market. Use of VR for constructing anatomies and its subsequent treatment can have latent potential in medical universities.

But limitations of virtual reality hardware may hamper market growth.

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COVID-19 Impact

The COVID-19 pandemic will positively impact the virtual reality in therapy market. This is attributed to increasing isolation and mental health problems caused by lockdowns. Dependence on virtual reality by workers and professionals in the healthcare sector is likely to benefit the market over the forecast period. Huge demand for online and interactive sessions can augment market growth.

Segmentation

Head Mounted Displays to Dominate Market Demand

The head mounted displays is expected to command a strong demand over the forecast period owing to customer comfort in immersive experiences. Its use in imparting knowledge and treatment of post-traumatic stress disorders and other ailments can bode well for the market.

Surgery Simulation to be Leading Market Application

Surgery simulation is expected to be the leading market application owing to the use of VR for educating patients on interventional surgical procedures and endoscopy. Moreover, it can ease pain levels of patients during open surgeries and skin grafting.

Regional Analysis

North America to Lead in Global Virtual Reality in Therapy Market

North America is set to dominate the global market owing to demand for high-end technologies and success of VR in treatment of ailments. Implementation of immersive technologies in medical practices and continuous investments in research and development can drive regional market growth. Use of VR for delivering high-quality surgical training to students can improve outcomes of patients and elucidate medical students.

Competitive Analysis

Siemens Healthcare (Germany), Mimic Technologies Inc, (U.S.), Vuzix (U.S.), Brainlab (Germany), Virtual Realities, LLC (U.K.), Qualcomm Technologies, Inc. (U.S.), Virtalis Ltd (U.K.), GE Healthcare (U.S.), CAE Healthcare (U.S.), and Samsung Group (South Korea) are key players in the global virtual reality in therapy market. Development of new features and collaborations are to be witnessed in the market.

Industry News

Curebase has partnered with AppliedVR to use its proprietary platform for conductive 5 different trials on effective use of therapy on pain patients.

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Virtual Reality in Therapy Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Cognitive Cloud Market Share, Analysis, Trend, Size, Growth and Forecast to 2027 | COVID-19 Effects

Cognitive Cloud Market

Market Analysis

Market Research Future (MRFR) estimates the global cognitive cloud market size to reach USD 3.42 Billion at a CAGR of 16% from 2020 to 2027 (forecast period).

Several Factors Contributing to Market Growth

Due to the rising usage of advanced technologies such as the internet of things, or IoT, the Cognitive Cloud Industry is evolving at such a rapid pace. The cognitive cloud enables the collection and integration of data in order to give more personalized services. The increased demand for content personalization is propelling the cognitive cloud market sales forward and upward. The cognitive cloud stores and analyses data in real-time via sensor logs and other means, which is a huge demand in today's world.

As the cognitive cloud improves operational efficiency and productivity, the overall cognitive cloud business demand skyrockets. Furthermore, the presence of eminent cognitive cloud market players in providing outstanding solutions for better customer experience is propelling market expansion.

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Market Segmentation

The global cognitive cloud market has been divided based on services, technology, end-users, and verticals.

By services, the global cognitive cloud market has been divided into managed services and professional services.

By technology, the global cognitive cloud market has been divided into automated reasoning, natural language processing, machine learning, and many others.

By end-users, the global cognitive cloud market has been divided into small and medium-scale enterprises and large-scale enterprises.

By verticals, the global cognitive cloud market has been divided into healthcare, retail, BFSI, IT and telecommunication, consumer electronics, education, travel and tourism, oil and gas, Aerospace and defense, and many others.

Regional Analysis

North America to Dominate the Global Market

Due to the increased need for cloud platforms in generating and managing applications, as well as the expanding adoption of the internet of things, the United States and Canada contribute the most in North America. The region also has excellent infrastructure, which enables the incorporation of cutting-edge technologies. Such factors boost the region's cognitive cloud market sales.

COVID-19 Impact on the Worldwide Market

The outbreak of the COVID-19 pandemic wreaked havoc on the world economy and triggered a catastrophic financial and health crisis. The rate of growth declined and fell to its lowest point. Throughout the pandemic, every sector suffered and faced severe challenges. Such losses will take months to repair. During the lockdown, industrial and production operations were curtailed, and manual operations were constrained. During the pandemic, the cognitive cloud market also encountered certain constraints. However, even in these difficult circumstances, the greater shift toward cloud technologies and increased reliance on the cognitive cloud have recovered market value.

The industry's demand is increasing due to the intensive efforts of cognitive cloud market players to bring forth innovative solutions to enhance the customer experience. Furthermore, current advances in cognitive cloud market trends are driving market expansion to new highs. Increased demand for the cognitive cloud will drive the market value upwards in the future years, resulting in significant growth.

Key Players

Notable players in the global cognitive cloud market are Google, Inc. (U.S.), Vicarious (U.S.), IBM Corporation (U.S.), CognitiveScale (U.S.), Microsoft Corporation (U.S.), Spark Cognition, Inc. (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.), Saffron Technology (U.S.), ColdLight Solutions (U.S.)

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Cognitive Cloud Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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Pharma Knowledge Management Software Market Segments, Upcoming Opportunities, Trends and Market Outlook 2027 | COVID-19 Effects

Pharma Knowledge Management Software Market

Market Overview

Market Research Future (MRFR), in its latest study on the pharma knowledge management software market 2020, reveals causes that are likely to support and restrict the rise of the market. Along with this report, a complete assessment of the performance of the pharma knowledge management software market in COVID 19 pandemic is also provided. As per MRFR findings, the pharma knowledge management software market can rise at 17% CAGR in the evaluation period 2017 to 2023. The pharma knowledge management software market valuation can surpass USD 2 Bn by the end of the review period.

Pharma knowledge management software aids in the identification, evaluation, capturing, rectification, and sharing medical information with high degree of accuracy. The increasing in the commercial interest of the software in recent years can bolster the expansion of the Pharma Knowledge Management Software Market Size across the review period. The rise in need for post Information gathered by pharma knowledge management software play a significant role in drug development processes to gain global foothold, which is expected to promote the expansion of the pharma knowledge management software market through the assessment period. The rise in the count of pharmaceutical companies using pharma knowledge management tools to derive information from social networks that assists in the analysis of different types of drugs, disorders, and ingredients among others is expected to boost the expansion of the market.

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Regional Analysis

In North America, the rise of the pharma knowledge management software market can be attributed to the growing usage of advanced technologies, such as; artificial intelligence, machine learning, and IoT. The increase in the deployment of disruptive technologies to enhance capability of pharma knowledge management tool across the assessment period can prompt the expansion of the market in the region. In addition, the existence of top notch tech companies that develop pharma knowledge management software, such as SAP SE (Germany) and eXo Platform (U.S.) can cause the expansion of North America pharma knowledge management software market.

Europe is observed as an attractive destination for marketers for the introduction of innovative solutions. Rise in R&D for health related initiates can support the progress of EU pharma knowledge management software market in the foreseeable future. In the Asia Pacific region, the booming pharma and biotech sectors are expected and increase in the adoption of knowledge management software by these sectors are expected to promote the expansion of the market in India and other areas of APAC across the forecast period.

Segmental Analysis

The segmental analysis of the pharma knowledge management software market is done by software, deployment type, and end-user.

The deployment type, the pharma knowledge management software market segments are hybrid, on premises, and cloud. The cloud segment can gain high traction in the review period. The software based, the pharma knowledge management software market segments are Windows, iOS, Android, and others. Increase in iOS and Android applications can promote the market in the years to come. The end-user based segments of the pharma knowledge management software market are forensic biotechnology, animal biotechnology, agricultural biotechnology, medical biotechnology, academics, environmental biotechnology, and others. The introduction of pharma knowledge management software in medical biotechnology can cause the market to rise at a high pace.

Competition Dashboard

Lucidea (Canada), eXo Platform (U.S.), SAP SE (Germany), Nuance Communications, Inc. (U.S), Theum AG (Germany), SuiteRx (U.S), Callidus Software Inc. (U.S.), Oracle Inc. (U.S.), Altair Engineering, Inc. (U.S.), and MangoApps Inc. (U.S.) are some noteworthy marketers of the pharma knowledge management software market, enlisted by MRFR.

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Pharma Knowledge Management Software Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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