Customer Data Platform Market Size is Predicted to Witness 27.5% CAGR till 2025

 

The global Customer Data Platform Market size is expected to reach USD 5.66 billion by 2025, registering a CAGR of 27.5% from 2019 to 2025, according to the new study conducted by Grand View Research, Inc. The growing demand for assimilating and storing unstructured and structured consumer data, automatically obtained from various media touchpoints, is driving the adoption of CDP among B2B and B2C marketers. Furthermore, the need to engage and improve customer lifecycle by comprehending the collected insights is also contributing to the growth of the market.

Currently, brands and marketers accumulate huge volumes of customer data in the form of demographic, behavioral, and transactional segments. The collected data points are either stored as databases by a different organization or by departments of the company. This poses challenges pertaining to data tracking and data redundancy. Furthermore, information gathering based on cross-platform and online activities for customer conversion and engagement also remains a challenge for marketers. These factors are driving the demand for a customer database platform, which can assimilate and store data points in a unified behavior.

Unified customer profiles enable marketers to enhance their marketing strategies and improve customer experience. Retail and consumer goods were the early adopters of customer data platforms and the adoption gradually increased among the financial services, travel, IT and Telecom, and healthcare verticals. The growing importance of first-party customer data and the rise in adoption of omnichannel media among marketers are the other factors contributing to the market growth. The addition of machine learning and AI technologies is expected to enable enterprises to easily select a list of profiles using predictive modeling and other tactical applications, further driving the customer data platform market growth.

The increasing number of CDP vendors, who are raising higher funds, is driving the market growth. In 2018, CDP vendors generated funds worth more than USD 1.5 billion and registered a growth by 48% in funding as compared to the previous year. As per the CDP Institute’s study, the industry witnessed an increase in the number of CDP vendors from 77 vendors in 2018 to 96 vendors in July 2019. These factors are expected to lead to considerable growth of the CDP market over the forecast period.

Related Press Release@ Customer Data Platform Market Report

Customer Data Platform Market Report Highlights

• The analytics segment growth can be attributed to the high demand for automating segmentation lists and marketing & analysis of products using predictive modeling & machine learning technology-based models
• The retail application segment accounted for more than 28% of the market share 2018 owing to use of CDP to engage customers, improve customer loyalty, and enhance consumer experience
• The North American regional market accounted for the largest revenue share in 2018 and is anticipated to continue to dominate the CDP market over the forecast period
• The key industry participants include ActionIQ; Adobe; AgileOne; ENSIGHTEN; mParticle, Inc.; NGDATA, Inc.; Salesforce.com, Inc.; Segment.io, Inc.; and Tealium.

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Customer Data Platform Market Segmentation

Grand View Research has segmented the global customer data platform market on the basis of type, application, and region.

Customer Data Platform Type Outlook (Revenue, USD Million, 2015 - 2025)

• Analytics
• Campaign
• Access

Customer Data Platform Application Outlook (Revenue, USD Million, 2015 - 2025)

• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Telecom, Media, and Technology (TMT)
• Travel
• Healthcare
• Discrete Manufacturing
• Others

Customer Data Platform Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• France
• Netherlands
• Asia Pacific
• China
• India
• Japan
• Australia
• Latin America
• Brazil
• Middle East & Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Autonomous Ships Market Size is Predicted to Witness 13.5% CAGR till 2025

 

The global Autonomous Ships Market size is expected to reach USD 13.4 billion by 2025, registering a CAGR of 13.5% over the forecast period, according to a new study conducted by Grand View Research, Inc. Autonomous ships use several systems and components including sensors, propulsion systems, and intelligent navigation systems involving the use to Artificial Intelligence (AI) and Internet of Things (IoT). Use of such systems reduces the operational cost of ships, which is one of the key factors driving the market growth.

Autonomous ships offer several direct and indirect benefits. Direct benefits can be listed at the level of vessel that include more efficient use of crew and their skills, more efficient use of ship space, and increased fuel efficiency. Shipping companies would witness a positive effect in terms of revenue with autonomous applications as a result of reduction in cost of employing sailors along with the increased cargo space on the vessel. Moreover, autonomous shipping permits improved optimization of processes and operations. Real-time data is used for optimizing the operations thereby providing economies of scale at the company’s level. Additionally, service quality and safety during the fleet would be highly improved through the use of autonomous shipping.

Shipping companies are increasingly investing in developing and testing the practical applications of autonomous ships to gain insights on the possible lags in critical applications of these vessels, such as defense. Although huge amount of time would be invested in simulation and testing of unmanned vessels across critical applications, maritime system and service providers are developing advanced and intelligent maritime systems to be deployed in these unmanned ships. The growing acceptance of remotely controlled systems and software coupled with increasing investment in autonomous maritime environment is expected to provide several growth avenues for the autonomous ships market.

Furthermore, advent of autonomous shipping would pave the way for new suppliers, especially the suppliers of hardware and software system and technology suppliers in the maritime industry. Additionally, the unmanned ships require less reaction time in performance of systems as compared to systems used in cars and airplanes. Therefore, marine industry becomes more lucrative for system and software suppliers to enter. However, stringent regulatory environment pertaining to the use of autonomous vessels makes maritime industry a tough business environment to enter.

Related Press Release@ Autonomous Ships Market Report

 

Further key findings from the study suggest:

·         The fully autonomous ships segment is expected to register a CAGR of more than 17% over the forecast period, owing to the reduced manpower in autonomous shipping environment

·         The systems and solutions segment held the largest market share in 2018, primarily due to the increased deployment of these systems in multi-purpose vessels

·         The commercial segment dominated the autonomous ships market in 2018 and is expected to hold the largest revenue share by 2025, owing to the safety and ease in deployment of autonomous systems in commercial vessels

·         Asia Pacific is expected to account for the highest market share, followed by Europe, by 2025 owing to the high investments in R&D of autonomous maritime environment across countries, especially China

·         ABB, Rolls-Royce, Wartsila, Kongsberg Gruppen, Rh Marine, L3 ASV, and Siemens are some of the key players operating in the market

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Grand View Research has segmented the global autonomous ships market on the basis of autonomy level, solutions, end use, and region:

Autonomous Ships Autonomy Level Outlook (Revenue, USD Million, 2015 - 2025)

·         Semi-autonomous

·         Fully Autonomous

Autonomous Ships Solutions Outlook (Revenue, USD Million, 2015 - 2025)

·         Systems & Software

·         Structure

Autonomous Ships End-use Outlook (Revenue, USD Million, 2015 - 2025)

·         Commercial

o    Passenger Cruise

o    Bulk Carrier & Container Ships

o    Tankers

o    Others

·         Defense

o    Submarines

o    Aircraft Carriers

o    Destroyers

o    Frigates

Autonomous Ships Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    U.K.

o    Germany

o    France

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Satellite Payload Market by Airbus Group, Honeywell International Inc., Lockheed Martin Corporation, Raytheon Corporation, and The Boeing Company

 

The global Satellite Payloads Market size is expected to reach USD 21.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.9% over the forecast period, owing to Increased government spending in space exploration activities is expected to boost the market growth over the forecast period. 

The growing popularity of communication and broadcasting services including pay TV and Over-The-Top (OTT) have led providers to develop advanced payload systems. Moreover, the increased penetration of payloads in the commercial sector is expected to propel the market demand.

The market is expected to witness significant growth as there has been a great rise in the ordering and manufacturing of vast constellations of satellites for earth observation and telecommunication. Incremental improvements in launch operations and vehicle design are enabling a reduction in time for the manufacturing of payloads. Moreover, the evolution of small satellites is leading to the production of smaller payloads to reduce launch costs.

The need for geospatial tracking and positioning in the commercial sector is expected to drive the demand for satellite payloads over the forecast period. The emergence of high throughput satellites has resulted in high data-rate satellite transmission capability, which in turn is creating new opportunities for enhanced applications such as military, navigation, and commercial.

Related Press Release@
http://www.grandviewresearch.com/industry-analysis/satellite-payloads-market

Satellite Payload Market Report Highlights

• The remote sensing segment is expected to grow at a CAGR of over 8.0% over the forecast period as it is expected to emerge as a viable platform in the agriculture and mining sectors
• The Low Earth Orbit (LEO) segment is expected to be the fastest-growing segment; this growth can be attributed to its increased demand in earth observation and imaging applications
• The commercial segment is expected to grow at the fastest CAGR of over 9% from 2017 to 2025. Growing advancements including channelization, space-based inflatable reflector antenna, multi-beam antenna, and internet routers are expected to propel the demand for commercial satellite payloads.
• The Asia Pacific satellite payloads market is expected to account for a revenue share of over 30% by 2025, with the increase in the number of satellite launches and government spending in space research contributing to the regional demand
• The key players in the industry include Airbus S.A.S., Harris Corporation, Lockheed Martin Corporation, Honeywell International Inc., and The Boeing Company

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Satellite Payloads Market Segmentation

Grand View Research has segmented the satellite payloads market by orbit, application, end-use, and region.

Satellite Payloads Orbit Outlook (Revenue, USD Billion; 2014 - 2025)

• Low Earth Orbit (LEO)
• Medium Earth Orbit (MEO)
• Geostationary Earth Orbit (GEO)

Satellite Payloads Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Communication & Navigation
• Remote Sensing
• Surveillance
• Others

Satellite Payloads End-Use Outlook (Revenue, USD Billion; 2014 - 2025)

• Civil
• Military
• Commercial

Satellite Payloads Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
• The U.S.
• Canada
• Europe
• The U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

RegTech Market Size Worth $55.28 Billion By 2025 | CAGR: 52.8%

The global RegTech Market size is expected to reach USD 55.28 billion by 2025, expanding at a CAGR of 52.8% over the forecast period, according to a new report by Grand View Research, Inc. The rising number of fraudulent activities has been a significant factor driving the growth. Additionally, increasing need for risk and compliance management has led to the increased adoption of regulatory technology (RegTech) solutions. Implementation of these solutions helps reduce compliance costs and improves efficiency. It also speeds up business processes, enhances their reliability, and reduces hassle for customers and the risk of compliance failures.

RegTech solutions include transaction monitoring, risk and compliance management, regulatory reporting, identity and control management, and regulatory intelligence, among others. Customers can choose an appropriate RegTech solution depending on their preference owing to the presence of a wide variety of solutions in the market. The risk and compliance management segment held the largest revenue share in 2018 and is expected to expand at a CAGR of 49.7% over the forecast period owing to the increasing demand for compliance management.

The regulatory intelligence segment accounted for over 12% of market share in 2018 and is expected to expand at the highest CAGR over the forecast period. A large number of small and medium enterprises are deploying RegTech solutions to avoid additional compliance costs and the costs incurred due to frauds. In 2018, U.S. led the regulatory technology market in North America. U.K. is expected to continue to dominate the Europe market over the forecast period owing to the entry of a large number of companies in the market.

The European Union established various regulatory standards to monitor the increasing number of fraudulent activities in the financial sector. Regulatory compliance is expensive for both financial institutions and regulators and is also time-consuming. Choosing appropriate standards for managing fraudulent activities in a rapidly transforming financial industry is a necessity as well as a challenge.

Related Press Release@ RegTech Market Report

RegTech Market Report Highlights

• Risk and compliance management segment generated the highest revenue in 2018 and is anticipated to expand at a CAGR of 49.7% over the forecast period
• North America is projected to expand at a CAGR of 51.6% from 2019 to 2025 owing to various advancements in information technology and growing adoption of RegTech solutions, especially in the financial industry
• Key players operating in the regulatory technology market include NICE Actimize; PwC; IBM; London Stock Exchange Group plc; BWise; Broadridge Financial Solutions Inc.; Accuity; RIMES TECHNOLOGIES CORPORATION; Wolters Kluwer; Compendor; Infrasoft Technologies Ltd.; and Deloitte Touche Tohmatsu Limited, among others

RegTech Market Report Scope

Report Attribute	Details
The market size value in 2020	USD 6.5 billion
The revenue forecast in 2025	USD 55.2 billion
Growth Rate	CAGR of 52.8% from 2019 to 2025
The base year for estimation	2018
Historical data	2015 - 2017
Forecast period	2019 - 2025

 

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RegTech Market Segmentation

Grand View Research has segmented the global RegTech market on the basis of organization size, application, and region:

RegTech Organization Size Outlook (Revenue, USD Million, 2015 - 2025)

• SMEs
• Large Enterprises

RegTech Application Outlook (Revenue, USD Million, 2015 - 2025)

• Risk & Compliance Management
• Identity Management
• Regulatory Reporting
• Fraud Management
• Regulatory Intelligence

RegTech Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• UAE
• Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com