Technology Market report

Monday, 9 November 2020

Customer Data Platform Market Trends, Segmentation and Future Scope

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.

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https://www.grandviewresearch.com/industry-analysis/customer-data-platform-market

Further key findings from the report suggest:

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.

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

Streaming Analytics Market by Informatica, IBM, Microsoft, Oracle, SAP SE, SAS Institute Inc.

The global Streaming Analytics Market size is expected to reach USD 35,986.4 million by 2025, registering a CAGR of 28.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. There has been a growing demand for streaming analytics solutions from large as well as small and medium-sized enterprises worldwide. The demand is driven due to the ability of these solutions to provide users with deeper insights into customer buying behavior through data visualization and active monitoring of key performance indicators in real-time. In addition, these solutions offer an analysis of the existing business operations and also help companies identify new business opportunities and revenue streams.

In comparison to traditional reactive analytics tools that focus on batch processing using stored data, streaming analytics enables users to proactively respond to changing conditions for improving operations and customer interactions using real-time insights. Due to the growing penetration of high-speed internet and the exponentially rising user base of smartphones globally, there has been a tremendous increase in consumer-generated data. Streaming analytics solutions enable companies to extract business value from data in motion and obtain real-time analytics and insights on data streaming from multiple sources such as social media, sensors, smart devices, and websites.

The rapidly growing adoption of Internet of Thing (IoT) sensors and devices across multiple industry verticals such as healthcare, media & entertainment, and government is anticipated to drive the market over the forecast period. Furthermore, the large amount of transactional data generated by digital banking systems such as internet and mobile banking is driving the deployment of streaming analytic solution across banks and financial institutions.

Apart from conventional business verticals, streaming analytics solution providers are also focusing on collaborating with state governments and municipal bodies on smart city initiatives in areas such as smart traffic management using real-time data streaming. However, the lack of awareness regarding the operational and strategic advantages of these solutions could challenge market growth over the forecast period. Concerns pertaining to data privacy and security could also negatively impact streaming analytics market growth over the forecast period.

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Streaming Analytics Market Report Highlights

In terms of component, the software segment dominated the market in 2018 and is also anticipated to emerge as the fastest-growing segment over the next six years. This can be attributed to the increasing adoption of streaming analytics software across media & entertainment and BFSI organizations to improve customer engagement and service delivery
The cloud deployment segment is anticipated to gain traction over the forecast period owing to the growing preference for cloud-based solutions due to reduced investments in physical infrastructure
Use of streaming analytics solutions in risk management application is expected to witness the fastest growth over the forecast period due to the increasing demand for improved risk intelligence capabilities among organizations to effectively tackle risk exposures
The media & entertainment end use segment is anticipated to emerge as the fastest-growing segment over the next six years owing to the rapidly increasing penetration of smartphone-based digital payment solutions and over-the-top (OTT) applications for media content delivery
The Asia Pacific regional market is expected to register the highest CAGR from 2019 to 2025 owing to the rapidly increasing data generated by a growing number of smartphones and IoT-based consumer devices such as wearable sensors in the region
Key players operating in the market include Informatica, IBM, Microsoft, Oracle, SAP SE, SAS Institute Inc.; Software AG, SQLstream, Inc., Striim, Inc., and TIBCO Software Inc.

Global Temperature Sensors Market Size, Share, Revenue, Growth and Forecast Report

The global Temperature Sensors Market size is expected to reach USD 6.13 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Temperature sensors are increasingly used in smartphones and other consumer electronics to monitor their temperature and enhance performance.

Basic temperature sensors include resistive temperature devices (RTD), thermocouples, liquid expansion devices, silicon diodes, infrared sensors, etc. Additionally, the fusion of communication, computing, and sensing is expected to drive the MEMS market, which is expected to benefit global temperature sensor demand. Technological advancements and device miniaturization also drive market growth. The need for ensuring safety and favorable regulatory scenario is expected to fuel market growth over the forecast period. However, intense competition and significant price cuts may restrain the temperature sensors market over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/temperature-sensors-market

Further key findings from the study suggest:

Consumer electronics and environmental applications are expected to grow at a considerable rate over the forecast period. Temperature sensors are increasingly used standalone or integrated with diverse equipment. This technology is spurred by factors such as low cost and power and wireless connectivity. The introduction of new raw materials such as polymers is expected to lower the weight, size, and cost of electronic devices.
Sensors are used in a wide range of applications such as consumer electronics, automotive, process industries, etc. owing to easy equipment integration. Temperature sensors are increasing used in automotive applications such as cylinder head temperatures, coolant, and air intake. Therefore, the rise in automobile production is expected to favor market demand. Temperature sensors are also used in HVAC, environmental control, food processing, medical devices, and chemical handling applications.
The Asia Pacific temperature sensors market accounted for over 30% of the global demand and is expected to grow at a considerable rate over the next six years. The regional market is expected to be driven by advancements in sensor technology and demand for high-performance sensors that can be fitted into handheld portable devices. China is expected to be the largest contributor to regional market revenue generation over the next six years.
Key market participants include ABB, Delphi Automotive, Analog Devices Inc., Siemens AG, Freescale Semiconductor, Honeywell International, Texas Instruments, NXP Semiconductors, Panasonic, etc. Honeywell serves various industries including aerospace & defense, medical, transportation, industrial, etc. Key players are increasingly moving their manufacturing facilities in countries with economical labor particularly in Asia Pacific to reduce their overall cost. Cost-effective and differentiated services are expected to be a critical success factor for industry participants.

Alzheimer’s Therapeutics Market Analysis and Forecast Report, 2024

The global Alzheimer’s Therapeutics Market is expected to reach USD 6.4 billion in 2024, according to a new report by Grand View Research. Some primary factors driving the market growth includes rising government initiatives in order to raise awareness levels among people.

Growing knowledge about the Alzheimer’s disease (AD) and its high prevalence and incidence in developing economies are few of the major drivers supporting the market growth. Several governments, nonprofit, and private organizations worldwide are actively engaged in increasing people’s awareness regarding progressive AD, such as Alzheimer’s Association, the Alzheimer’s Society of Canada, Alzheimer’s Europe organization, and various other small organizations.

Furthermore, the increased government funding for providing better care and support to the people with partial dementia is another important factor anticipated to enlarge market growth. For instance, organizations like Florida Department of Health, the National Institute of Health, and Alzheimer’s Association in partnership with other private and government organizations provide funds to the research centers.

The presence of various pipeline drugs is anticipated to provide the market with potential growth opportunities. For instance, LMTX by TauRx Pharmaceutical Ltd.; idalopirdine (Lu AE58054) by Lundbeck; crenezumab by AC Immune SA; and BAN2401 by Eisai

Moreover, novel therapeutics with minimal dosage requirement has been introduced resulting in cost-effective alternatives, which is further expected to boost the market growth. For instance, Namzaric by Actavis was developed in two forms: 10 mg and 28 mg. 10 mg requires to be administered twice a day, while 28 mg requires to be administered once in a day.

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http://www.grandviewresearch.com/industry-analysis/alzheimers-therapeutics-market

Further Key Findings from the Study Suggest:

The cholinesterase inhibitors segment was dominant in 2013 but lost hold on the market till 2015. Patent expiry of key drugs such as Aricept, Exelon, and Razadyne was the major factor for decline in market share.
Exelon transdermal patch is estimated to lose exclusivity in 2019. It is a highly prescribed drug for the treatment of mild to moderate AD, which contributed toward its revenue generation in 2015.
N-methyl-D-aspartate receptor antagonist, on the other hand, is expected to witness a significant growth of around 16.0% over the forecast period owing to introduction of extended relase formulation of Namenda.
Other drug therapies such as monocloclonal antibodies and drugs targeting Tau proteins are in being studied in latter phases of the clinical trials. Presence of a strong of pipeline drugs for target disease are attributing toward fastest growth of these drugs
North America dominated the overall market in terms of revenue with share of over 33.0% in 2015, which is majorly facilitated by the availability of sophisticated healthcare facilities and infrastructure.
Some key players operating in this industry are Pfizer, Inc.; Merck & Co. Inc.; Novartis AG; Eisai Co. Ltd., H. Lundbeck A/S, AC Immune; TauRx Pharmaceuticals Ltd.; Actavis plc.; Forest Laboratories; and Teva Pharmaceuticals Industries Ltd.
Market players are expanding their product portfolio by developing and launching generic versions of drugs to sustain its market position. For instance, in 2015, Dr. Reddy’s Laboratories Ltd. and Mylan launched the generic version of Namenda (Forest laboratories – Actavis).

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

Friday, 6 November 2020

Digital Remittance Market Analysis, Trends and Forecast, 2027

The global Digital Remittance Market size is expected to reach USD 36.23 billion by 2027, registering a CAGR of 12.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rise in global trade is creating job vacancies around the world. This has resulted in increased migration to developed countries, thereby fueling the market growth.

Reduced transfer time and remittance cost is anticipated to contribute to the market growth over the forecast period. Significant gains in cost reduction can be achieved by integrating existing technologies, including blockchain technology and mobile money transfer. Increasing usage of these technologies in cross-border money transfers is expected to further propel the market growth over the forecast period.

Globalization has enabled organizations to develop their businesses and expand internationally. This has resulted in an upsurge in cross-border investments, especially in emerging economies, such as China and India. For instance, as per the World Bank, in 2018, the economy of India emerged as the foremost remittance recipient globally with a value of USD 79 billion (+10% from 2017).

The World Bank is supporting migration-related sustainable development goals, such as dropping transaction fee from 7.1% in 2018 to 3%. This has enabled financial institutions to offer efficient money transfer services to their customers. Moreover, with reducing fee, money transfer operators are providing services, such as prepaid debit cards and virtual bank accounts, to carve a niche for themselves. This, as a result, is increasing the traffic in the market to leverage such services.

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Digital Remittance Market Report Highlights

Customers across the globe are adopting inward digital remittance services as they offer multiple access options, such as seamless system connectivity (host to host), easy file uploads, and direct access to partner banks. Furthermore, the inward digital remittance interface allows customers to screen against anti-terror list and perform anti money laundering checks
Money transfer operator model avoids the exchange and high interest rates of banks. Banks offer this payment service at extremely low to nil charge to customers, thus making money transfer platform very cost effective
Growing small businesses across the globe, coupled with increasing need to help freelancers and small businesses with their domestic and cross-border payments, are anticipated to fuel the adoption of digital remittance services in the small businesses end-use segment
Increasing adoption of electronic payments, coupled with growing population of migrants in North America, is expected to create growth opportunities for the regional market
Key vendors in the market include WorldRemit Ltd.; Western Union Holdings, Inc.; TransferWise Ltd.; Azimo Limited; and Moneygram.

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

HR Analytics Market Analysis and Forecast Report, 2027

The global HR Analytics Market size is anticipated to reach USD 6.29billion by 2027, registering a CAGR of 14.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. HR analytics involves business analytics and data mining solutions, which examines data created from various HR activities such as employee acquisition, attendance, performance management, engagement, training, and compensation. The HR analytics helps in increasing the productivity of HR functions by predicting important parameters such as performance, retention, and recruitment with the help of data generated. All these factors are contributing to the market growth.

Technological proliferation in the field of Machine Learning (ML), big data analytics, Artificial Intelligence (AI), and Internet of Things (IoT) is expected to positively impact the market growth. Analytics solutions test the efficacy of HR policies and enable simplification of various HR policies. It includes data cleansing, data collection, data management, visualization, and forecasting tools. It correlates and integrates data to provide appropriate, actionable, and timely insights to improve performance leading to more relevant decisions and correct actions.

HR analytics solutions and services enables complex compensation planning and allow enterprises to enhance budget allocations and support compensation decisions within the organizational guidelines. Furthermore, organizations around the globe are forming a digital workplace that allows flexibility and mobility, high productivity, and uses modern communication tools. This business shift from traditional systems to digital HR is playing a major role in the centralization of HR data, thus allowing for easy access of data to deploy analytics solutions. Hence, companies are providing comprehensive HR analytics solutions for all HR functions alongside with analytics capabilities.

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HR Analytics Market Report Highlights

The talent analytics solution is anticipated to grow at a faster pace, owing to the need for companies to attract the right talent in their organization with the help of technologies such as artificial intelligence, machine learning, and deep learning
The support and maintenance segment is expected to expand at the highest CAGR from 2020 to 2027. The demand for is expected to grow on account of increasing need for timely maintenance for system patching and security updates
The demand for hosted deployment segment is expected to increase over the forecast period as these solutions are cost-effective, which allows convenient and easy download and storage of data over cloud
The Small and Medium Enterprises (SMEs) segment is expected to register the highest growth during the forecast period. These days, the SMEs are focusing on utilizing the HR analytics solution to work globally and multi-regional workforce
The retail segment is expected to emerge as the fastest growing end-use segment from 2020 to 2027. The retail industry employs a unique blend of full-time employees, part-time staff, contractual workers, and multi-regional stakeholders across distribution networks
Asia Pacific is anticipated to grow at a significant rate during the forecast period, owing to the rapid digitization initiatives taken by the governments in the region
The key players in the HR analytics market include IBM Corporation; Kronos Incorporated; MicroStrategy Incorporated; Oracle; SAP SE; Sage Software Solutions Pvt Ltd; Talentsoft, TABLEAU SOFTWARE; Workday, Inc.; and Zoho Corporation Pvt. Ltd.

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

Payment Monitoring Market by ACI Worldwide Inc.; BAE Systems; Fair Isaac Corporation; Fiserv Inc.

The global Payment Monitoring Market size is anticipated to reach USD 31.05 billion by 2027, registering a CAGR of 16.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. The payment monitoring market growth trends include increase in digital payments and need for reducing money laundering, managing Know Your Customer (KYC) compliance, and Counter Terrorism Funding (CTF) activities. Hence, various organizations are focusing on deploying payment monitoring solutions to constrain illegal activities, which shuts off the cash flow and help reduce such activities.

People are becoming more digitally connected, which is driving the adoption of online transactions, hence, data control and personal identity theft have become a major concern for online retailers. Furthermore, the cyber thefts by hackers and cybercriminals are growing at an alarming rate, which costs companies several billion dollars each year. The high-level risk of identity theft and data loss can be reduced with the usage of payment monitoring solutions. Thus, the rising need for protection against cyber frauds will drive market growth during the forecast period.

The transaction monitoring market is witnessing the development of innovative technologies that aim to improve these solutions. Vendors are incorporating Artificial Intelligence (AI) in payment monitoring to create services more secure and smarter. Smart AI enabled payment monitoring solutions are equipped with features such as intrusion detection, network threat detection, behavioral analysis, and object classification. Thus, the integration of blockchain and AI technologies with payment monitoring solutions will propel market growth over the forecast period.

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Payment Monitoring Market Report Highlights

The watch list screening segment is forecasted to witness remarkable growth over the next eight years, as it enables organizations to efficiently and effectively screen their customers to successfully meet anticorruption, export control, anti-bribery, and other legal regulations as well as all AML and CTF legislation
The support and maintenance service helps clients understand their solutions and related processes. With the evolving business requirements, clients are looking for innovative solutions and services to manage their IT infrastructure and hence the companies require support and maintenance. Hence, it is anticipated to expand at a healthy CAGR by 2027
The cloud management segment is forecasted to witness a higher adoption over the forecast period, as it helps to avoid the costs associated with software, storage, hardware, and technical staff. It is also helpful for organizations with stringent budgets for security investments
The Small and Medium Enterprise (SME) is forecasted to witness a higher growth rate during the forecast period, owing to the increasing data protection regulations. SMEs are small in terms of their size, but are swiftly catering to large customer base globally
The fraud detection and prevention segment is forecasted to witness a higher adoption over the forecast period, owing to the increasing use of electronic transactions and increasing level of cyber-attacks across all the regions
The retail segment is expected to grow at a rapid rate over the forecast period, owing to rise in trend of online shopping, which has increased online payments
Asia Pacific is anticipated to grow remarkably by 2027, owing to the presence of emerging economies such as India and China that have become more aware of the payment monitoring process and its benefits and started adopting them for security
The key industry participants include ACI Worldwide Inc.; BAE Systems; Fair Isaac Corporation; Fiserv Inc.; FIS; Nice Ltd.; Oracle Corporation; SAS Institute; Software AG; and Thomson Reuters Corporation

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