Technology Market report

Thursday, 3 September 2020

Software Defined Networking Market Worth $70.4 Billion by 2024

The global Software Defined Networking Market is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software defined networking (SDN) has witnessed a surge in its popularity in the recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.

SDN acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the SDN solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.

The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the demand growth. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing industry.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis

Further key findings from the report suggest:

Software defined networking is anticipated to find Wide Area Networks (WAN) as the major use case in the coming years. Not only has SD-WAN been in the limelight of the SDN vendors for a long period now but the industry is also ripe for the adoption of the software defined WAN for enterprises which are looking to replace the existing MPLS systems that had been de facto for most major organizations.
The industry is dotted by some major players including VMware, Alcatel-Lucent (Nokia), International Business Machines, Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch Networks, and AT&T, among others. The emergence of new companies that cater to specific niche clients or provide capabilities targeting particular functionalities is also on the rise.
The new product development, industry players’ concentration on research and development activities, and developing cost effective products for a differential industry are the major strategic plans adopted by the industry players. Also, there has been an increasing focus on the partnership and collaborations in the industry. For example, in March 2015, Brocade announced that it had completed the acquisition of the SteelApp business unit from Riverbed Technology. The SteelApp product line helped the Brocade data center deployments and enhanced the Vyatta Platform offering for the NFV and SDN solutions.

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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.

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Legal Process Outsourcing Market is Predicted to Witness 31.8% CAGR till 2025

The global Legal Process Outsourcing Market size is projected to reach USD 35.9 billion by 2025, expanding at a CAGR of 31.8% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growth can be chiefly attributed to the emergence of alternative legal service delivery models and virtual law firms.

Technological advancements and innovations in the legal industry are expected to offer new growth avenues in the sector, helping law firms inculcate a transparent relationship with clients. Law firms are deploying Natural Language Processing (NLP) and document automation capabilities to fall in line with the reinvention of the legal industry.

Artificial Intelligence (AI) is another factor that has taken the LPO industry to a new level. Software equipped with AI capabilities is garnering utmost importance among lawyers and firms to save their time. Document production and proofreading of documents are efficiently done with the help of automation software. Use of team collaboration software is further streamlining the execution of all documentation processes. All such technological developments have greatly aided lawyers by decreasing costs and increasing convenience.

Electronic discovery (e-discovery) services have grown in prominence, which can be attributed to amendments by the Federal Rules of Civil Procedure, making Electronically Stored Information (ESI) such as e-mails, e-calendars, and voicemails discoverable on handheld devices in litigation. The development of ESI will reduce the complexity and cost of e-discovery processes and is expected to simplify large-scale complex litigation processes.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/legal-process-outsourcing-lpo-market

Further key findings from the study suggest:

On-shore outsourcing is expected to grow at a significant rate over the forecast period, owing to benefits such as enhanced data security and sophisticated service delivery models
The litigation support segment is expected to register a CAGR of more than 34.0% over the forecast period
Majority of the LPO providers are emphasizing on maintaining their locally-registered office in U.S. and setting up back offices in Asia Pacific in order to strengthen their foothold in the global market
Key players in the legal process outsourcing (LPO) market include Clairvolex; Clutch Group; Mindcrest Inc.; and Pangea3.

Global Smartwatches Market Size, Share, Revenue, Growth and Forecast Report

The global Smartwatches Market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches.

The number of industry participants is expected to increase manifold over the next six years. In addition to startups, the expected entry of established companies is estimated to significantly fuel market growth. Ensuring usability and visual appeal is a critical factor for enabling product adoption on a global level. Furthermore, managing the tradeoff between battery life and performance is critical for profitability.

Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/smartwatches-market

Further key findings from the study suggest:

Global smartwatch shipments were close to 2 million units in 2013, and are expected to reach 135.3 million units by 2020, at a CAGR of 53.5% from 2014 to 2020.

High-end smartwatches accounted for approximately 90% of the global market in 2013. This segment is expected to lose market share to the mid-end and low-end segments over the forecast period. This can be attributed to the expected trend of decreasing selling prices with a growing number of manufacturers. Majority of consumers have been reluctant to invest in premium priced products on account of unclear benefits and lack of a value proposition.

North America accounted for the highest market share of 35% in 2013; this is mainly due to higher purchasing power as well as increasing demand for fitness tracking equipment. Asia Pacific is expected to be the fastest growing regional market over the next six years. The regional market is expected to be driven by high smartphone proliferation and usage of Internet services.

Industry participants include Samsung Electronics (Galaxy Gear), Pebble, Sony Corporation, Google Inc. and Qualcomm Inc. among others. R&D activities to drive innovation have been the key growth strategy for these companies. Established companies are expected to benefit from growing smartwatches demand, and drive revenue generation over the forecast period.

Wednesday, 2 September 2020

Content Delivery Network Market: Growth Drivers and Key Manufacturers

The global Content Delivery Network Market size is expected to reach USD 23,064.3 million by 2025, exhibiting a CAGR of 11.7% over the forecast period, according to a study conducted by Grand View Research, Inc. The unabated growth in internet traffic and data consumption is expected to drive the growth of the market. The growing demand for over-the-top (OTT) videos, online gaming, and internet advertising is also expected to contribute to the market growth.

CDN solutions help in reducing the transmission time of the content and subsequently in enhancing the performance of content delivery. The demand for CDN solutions is rising significantly owing to the growing popularity of online videos and live streaming. Security, traffic load scaling, and reduction in latency are particularly necessary to enhance the performance of video content delivery. Plummeting data tariffs, increasing smartphone penetration, and high-speed data network rollouts are also driving the CDN market growth.

Cloud delivery network is mainly used for delivering media content to a larger customer base spread across the globe. As such, the growing popularity of video on-demand (VoD) and OTT services is driving the demand for CDN solutions. However, the cloud security segment is expected to gain traction over the forecast period owing to the continued emphasis on ensuring the security and privacy of the content. As such, key market players, including Akamai Technologies, Amazon Web Services, and Microsoft Corporation, are expected to invest aggressively in securing their environment and developing secure CDN solutions.

North America emerged as the largest regional market in 2018 as it is home to several leading companies, such as Akamai Technologies, Deutsche Telekom, Limelight Networks, AT&T, Microsoft Corporation, Quantil, StackPath, AWS, and Cloudflare. North America also one of the largest customer bases demanding high-definition online content and online games. CDN has already been deployed on a larger scale in North America, especially to cater to the high-speed data network expansions. However, the Asia Pacific regional market is expected to register the highest CAGR over the forecast period owing to the growing penetration of smartphones, increasing preference for online content delivery, continued growth of the e-commerce industry, and continued high-speed network rollouts.

Some of the key players in the market for content delivery network include Akamai Technologies, Inc.; Amazon Web Services; CenturyLink; IBM; Limelight Networks, Inc.; Google, Inc.; Microsoft Corporation; Deutsche Telekom; and Tencent Cloud; among others. These companies are undertaking several initiatives aimed at expanding their customer reach. For instance, in April 2019, Akamai Technologies announced the integration of its CDN capabilities with Blob Storage and Microsoft Azure Media Services. This collaboration was aimed at providing substantial competences to the mutual customers of Microsoft and Akamai Technologies at reduced data storage and content delivering costs. Similarly, CenturyLink, Inc. announced the expansion of Cloud Connect Dynamic Connections to support Microsoft Azure and Azure Government. The expansion would allow the company to directly connect to almost 70% of the cloud users. The company has also made significant investments to expand its network in the U.S. in South Florida, Florida in line with the skyrocketing demand for enterprise services.

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Content Delivery Network Market Report Highlights

The North America regional market accounted for the largest market share of 41.4% in 2018 while the Asia Pacific regional market is expected to exhibit the highest CAGR of 14.0%
The media delivery segment dominated the market in 2018 and is anticipated to exhibit a considerable CAGR of 11.2% over the forecast period
The media & entertainment segment dominated the content delivery network market in 2018 whereas the healthcare segment is expected to register the highest CAGR of 12.6% over the forecast period
Some of the key market players include Akamai Technologies, Inc.; Amazon Web Services; CenturyLink; IBM; Limelight Networks, Inc.; Google, Inc.; Microsoft Corporation; Deutsche Telekom; and Tencent Cloud.

Thermal Management Technologies Market Worth $20.14 Billion By 2024

The global Thermal Management Technologies Market size is expected to reach USD 20.14 billion by 2024, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth in the emerging trend of miniaturization of electronic devices and components.

Developments in the electronics industry have culminated in a considerable surge in the power densities, which have led to the introduction of smaller, smarter products. These advancements in the industry have led to an increased need for innovative thermal management technologies as they improve the system performance and reliability by avoiding the heat generated by the devices. The electronic packaging trend has increased the performance and reduced the size of the product. This has led to a significant increase in the power consumption of the system.

Advanced technological research is expected to produce more efficient and cost-effective thermal management solutions in the future. The key industry participants are extensively focusing on the development of optimized thermal management solutions that are cost-effective and are applicable across a range of end-use applications. However, the industry is anticipated to witness various issues associated with modularity in designing and reliability of modeling, which are presumed to challenge the growth over the forecast period.

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Further key findings from the report suggest:

Stringent regulations as defined by the Network Equipment Building Systems (NEBS) and the European Telecommunications Standards Institute (ETSI) require telecommunication industry organizations to comply with certain thermal management industry standards
Current cooling technologies, standard heat sinks, and fans are rapidly approaching their cooling capacity limit, and thermal management is becoming a critical step in enabling enhanced product functionality
The thermal management software is anticipated to exhibit a significant growth in the near future owing to the increasing adoption of the software heat removal techniques and simulations to reduce moments of peak heat impact and reduce the risk of failure. The segment was valued a little over USD 700 million in 2015.
The application of thermal management technologies in consumer electronics is expected to grow at a significant rate over the next eight years. The growth can be accredited to the emerging electronic packaging trend to reduce the size of electronic components and increase the performance of consumer electronic products, leading to the growth in the power consumption of the system.
North America accounted for close to 35% of the global market share in 2015 and is expected to remain one of the key revenue-generating regions over the forecast period. The steady escalation in the use of heat dissipation solutions in organizations is projected to impact the regional industry growth favorably.

3D Scanning Market: Growth Drivers and Key Manufacturers

The global 3D Scanning Market size is estimated to reach USD 8.04 billion by 2025, according to a new study by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.4% from 2019 to 2025. Increasing R&D spending and technological advancements are anticipated to drive the growth. The emergence of structured light technology, counter to the customary laser dot or laser line technology, is also estimated to fuel the growth.

The convergence of these technologies may provide enhanced interactive and immersive experiences. The increasing number of advanced wearable devices, complemented by portable and sophisticated 3D scanners, could potentially make the human-techno interaction more immersive, realistic, and adjunct with fabrication practices. The incipient trends, such as mixed reality, Internet of Things (IoT), and rising conjunction between a wearable device in automotive fabrication and aerospace -designing are anticipated to drive the market growth.

3D scanning technology is expected to significantly transform the healthcare sector, owing to the increasing number of applications. The technology helps the healthcare organizations improvise their existing processes precisely and efficiently. The integration of 3D scanning and Mixed Reality (MR) technology in the medical field involves live interactive imaging for assisting medical students and physicians in their medical practice. For instance, researchers are able to use 3D scanning and MR technology to help doctors conduct surgeries more effectively and teach complex subjects to medical students. 3D scanning can help direct neurosurgery navigation for minimally invasive interventions in simplified forms.

On the basis of product type, the 3D scanning market can be categorized into laser scanner, structure light scanner, optical scanner, and others. Optical scanners have been evolving gradually whereas the laser scanners have received acceptance owing to the launch of various innovative portable scanners. Increasing demand in industrial manufacturing, automotive designing is expected contribute to the market growth. A 3D scanner is used to capture straightforward and rigid dimensions of complex buildings and objects by deploying a laser medium. The modern-day intuitive touch-screen laser scanning models deliver increased clarity thereby conveying an astounding user experience.

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3D Scanning Market Report Highlights

Adoption of 3D scanning technology in the Architecture, Engineering, and Construction (AEC) sectors is at a nascent stage. As the equipment and service costs of 3D scanners decrease, the opportunity for leveraging 3D scanning across the AEC sector is expected to become more tangible
The technology offers several potential benefits for project development, operations, and maintenance of existing assets, which are not completely realized by the customers
Asia Pacific is anticipated to witness immense growth opportunities from automotive and architectural sectors over the forecast period
Key players in the 3D scanning market include Nikon Metrology NV; Autodesk, Inc.; Hexagon AB; FARO Technologies; David Vision Systems GmbH; Basis Software, Inc.; Artec 3D; Fuel3D Technologies Limited; Creaform, Inc.; and GOM GmbH

Digital Camera Market: Global Analysis by Sony Corporation, Samsung Electronics Corporation, Fujifilm Holdings and Others

The global Digital Cameras Market is expected to reach USD 19.77 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for interchangeable lens cameras with higher selling prices is expected to fuel industry growth over the forecast period. These include digital single lens reflex cameras (DSLR) as well as non-reflex cameras, also referred to as mirrorless cameras. Increasing replacement demand coupled with technological enhancements such as Wi-Fi-enabled cameras is expected to favorably impact the market.

The trend of sharing images over the internet and availability of image processing tools has given impetus to the market. Widespread adoption of internet services and surge in social networking activities is expected to further bolster industry outlook. However, proliferation of smartphones globally is a major concern for industry participants, on account of the ready availability and convenience offered by smartphone cameras. The value chain consists of manufacturers of digital cameras and associated parts, as well as retailers or distributors.

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http://www.grandviewresearch.com/industry-analysis/digital-camera-industry

Further key findings from the study suggest:

Global digital camera unit shipments were estimated to be 98.6 million units in 2012, and is expected to reach 171.7 million units by 2020
Built-in lens cameras accounted for over 78% of the overall shipments in 2012. Interchangeable lens cameras contributed to over 50% of the market revenue in 2012, which can primarily be attributed to high selling prices of these products. Digital Single Lens Reflex (DSLR) cameras occupied over 80% of the market in 2012; however, they are expected to lose market share with an estimated CAGR of 3.8% from 2013 to 2020.
Asia Pacific is expected to be the largest and fastest growing regional segment, and is estimated to grow at a CAGR of 8.1% over the forecast period to account for approximately 36% of the global market by 2020. This can primarily be attributed to rising purchasing power and relatively lower product penetration. Compact cameras with built-in lenses accounted for over 75% of regional shipments. Mirrorless cameras are also compact in nature as compared to DSLRs, and have been witnessing growth in countries such as Japan and China.
The market is dominated by Japanese participants; Canon Inc. and Nikon Corporation account for majority of the overall market share. Key players also include Sony Corporation, Samsung Electronics Corporation, Fujifilm Holdings, Olympus Corporation and Ricoh Imaging Company among others. Manufacturers have been focusing on the high-end product segment in order to stay competitive in an ecosystem characterized by changing user trends.