Farm Management Software Market segment by Application and Status Report

A report added by Radiant Insights, Inc. indicates that the global farm management software market is poised to reach a significant valuation by 2022. Farm management software provides farmers a suite of solutions to manage production activities, create operational plans, and make improved decisions. Increasing integration of the software with remote sensing technologies for constant monitoring to reduce the impact of natural calamities and disasters is likely to drive the market.

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Recent improvements in Internet connectivity across the world are estimated to stimulate the growth of the farm management software market. Rising incorporation of specific methods into farming to meet the continuously surging demand for food and need to avoid wastage can also supplement the growth of the market. In addition, growing global population is working in favor of the market.

Several governments across the globe are introducing policies that are encouraging the adoption of modern and advanced agricultural techniques. This, in turn, can provide a fillip to the market. Besides this, increasing steps taken by governments to strengthen intellectual property rights over agricultural innovations are promoting development of innovative farm management software.

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Growing implementation of virtual fences is also projected to positively impact market growth. Since fixing and maintaining fences is both time- and capital-consuming, it has escalated the need for virtual fences that are operated using remote sensors and network programming. Soaring popularity of cloud infrastructure is prompting farm management software-developers to launch cloud-based products. For instance, in November 2017, Topcon Agriculture introduced TAP, a cloud-based farm management platform that provides real-time monitoring and data analysis for intelligent decision-making at every phase of a farming cycle.

On the flip side, high cost of the software can inhibit market growth. Dearth of personnel with adequate technical acumen and poor standardization for managing data are expected to keep the market from realizing its utmost potential. Apart from this, poor Internet connectivity, especially in developing and less-developed countries, can hamper the upward climb of the market. Nevertheless, technological advancements and proliferation of smartphones are anticipated to shape the future of the market.

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The global farm management software market has been divided based on type, application, and geography. On the basis of type, the market has been bifurcated into maintenance and support and managed services. In terms of application, the market can be segmented into crop farming and livestock farming.

The key regions analyzed in the farm management software market report are United States, Japan, Europe, Southeast Asia, India, and China. U.S. will be a major revenue contributor in the global arena through 2022. Domicile of a large number of key manufacturers and presence of several massive farms are likely to provide an upthrust to the market in the region. Rapid advancements in farm management technology, coupled with high acceptance of advanced software, are contributing to the growth of the region.

Regions such as India and China will post noteworthy CAGRs between 2017 and 2022. Large population base of these countries and favorable measures taken by their governments to escalate the adoption of modern farming techniques are propelling the growth of these regional markets.

Some of the prominent companies operating in the farm management software market are SST Development Group, New Science Technologies, Trimble Navigation Ltd., The Climate Corp, and Deere & Co.

Global Pediatric Software Market Segment and Forecast Report till 2022

As per the findings of a report added to the large repository of Radiant Insights Inc., the global pediatric software market is projected to rise to a noteworthy value through 2022. Over the past few years, there has been an increase in understanding of the difference between prescriptions for adults and children. As a result, medical device manufacturers and pharmaceutical companies are offering products that are especially dedicated to diagnosis, monitoring, and treatment of diseases in children. This, in turn, can provide an upthrust to the market. Pediatric software helps in improving administration and dosage of pediatric drugs, thereby ensuring superior-quality care to patients.

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Rising incidence of chronic diseases such as cardiovascular disorders, diabetes, obesity, and neurological disorders among children is likely to stoke the growth of the pediatric software market. Swelling burden is giving rise to the need for effective diagnosis and monitoring of these diseases. Growing consciousness among parents, coupled with increasing awareness regarding the availability of technologically advanced software, can augment the market.

Governments worldwide are taking several initiatives in the form of healthcare programs to support the use of medical devices and technologies to curb infant and child mortality rates. This, in turn, is expected to drive the market. Rising disposable income and increasing healthcare expenditure can also work in favor of the market.

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Incessant efforts by key players to develop effective software to enhance the quality of pediatric patient care are also anticipated to escalate market growth. For instance, in February 2017, Digital Health Solutions, a startup launched by two professionals from Indiana University School of Medicine, commercialized software that focused on improving quality, cutting down costs, and enhancing satisfaction of pediatric patients.

On the flip side, factors such as small base of target population and lack of infrastructure in developing countries can hamper growth prospects. Moreover, dearth of skilled professionals required to operate pediatric software can inhibit the upward climb of the market. However, market players are on the continuous lookout for strategic alliances and acquisitions, which will support geographical expansion and extension in offerings. These growth strategies are resulting in technological advancements due to mutual collaboration in R&D. Therefore, an increase in such growth strategies will bode well for the market.

The global pediatric software market has been segmented on the basis of application and geography. Based on application, the market has been bifurcated into PC terminal and mobile terminal. From a geographical standpoint, the pediatric software market has been divided into Europe, United States, India, Southeast Asia, Japan, and China. U.S. will account for a substantial share in the market through 2022. Presence of advanced healthcare infrastructure and increasing burden of chronic diseases among pediatrics are estimated to propel the market in the region. Domicile of a large number of key players can also contribute to the growth of the region.

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Europe will also hold a prominent position in the pediatric software market, owing to rapid advancements in healthcare IT infrastructure. Developing APAC countries such as India and China will register healthy growth between 2017 and 2022. The growth of the region can be attributed to growing pediatric population and increasing number of healthcare facilities for children.

Some of the key players in the pediatric software market are Meditab Software, QuickPractice, Medical Software Associates, AllegianceMD, and Physician's Computer Company.

Size, Status and Forecast of Internet of Things (IoT) Security Market to 2022

The findings of a report made available by Radiant Insights, Inc. predict that the global Internet of Things (IoT) security market is likely to witness rapid growth over the forecast period, i.e. from 2017 to 2022.Growing need for securing the ubiquitous environment on the heels of rising number of ransomware attacks and demand for data-centric security systems are expected to boost the growth of this market. Moreover, the introduction of concepts such as Bring Your Own Device (BYOD) has helped boost the growth of this market.

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The integration of IoT security solutions with firewalls and data loss prevention (DLP) decreases the overall cost of employing IoT security solutions. This is also estimated to generate demand for IoT security during the forecast years. Factors such as modern video management systems, biometrics information storage, and authentication processes are driving the adoption of various cloud-based services.This are also anticipated to have a positive impact on the market development over the coming years.

In addition, a lot of organizations across the globe, such as those from the healthcare and banking sector, have started shifting from traditional methods of confidential data storage to cloud technology. Thus, rising adoption of cloud technology has forced service providers to use those platforms that are secured against any unauthorized access. This is also likely to boost the demand for IoT security. These solutions offer overall security to networks and devices and as a result; there has been growing preference for IoT security solutions among end users. This is also predicted to fuel market demand.

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On the other hand, the Internet of Things (IoT) security market may witness a slight hindrance in the overall growth on account of lack of knowledge about the benefits and availability of various IoT security solutions. However, soaring need for data security has resulted in the implementation of strict regulatory compliances by various government bodies across the globe. This is expected to boost the growth of the market over the next five years.

The global IoT security market is categorized on the basis of type, application or enduser, and region. Based on type, the market is categorized into hardware, software, and services.Based on application, the market is categorized into industrial, commercial, and consumer.

Based on region, the Internet of Things (IoT) security market is divided into United States, Europe, China, Japan, India, and Southeast Asia. North America dominated the global IoT security market in the past due to enforcement of regulatory frameworks and high usage rate of IoT devices across the region. Southeast Asia Internet of Things (IoT) security market is expected to expand at a healthy growth rate as a result of unregulated use of the Internet, rapidly growing number of business firms, and increasing mobile workforce. Rapid social transformation, constantly developing economy, and new national security rules and policies in various developing countries such as India and Japan are also estimated to contribute toward the growth of this region.

Some of the key companies operating in this highly competitive Internet of Things (IoT) security market are Infineon Technologies AG; Cisco Systems, Inc.; Wurldtech Security Technologies; International Business Machines (IBM) Corp.; Gemalto N.V.; Fortinet, Inc.; and Cypress Semiconductor Corp. ForeScout Technologies, Inc. announced that its flagship solution, ForeScoutCounterACT, has been recognized as a revolutionary IoT security solution by IoT Innovator and CRN, both major publications. The company also received an award in the category of Best IoT Security Software.

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Legal Outsourcing Market: Effectively Minimizes Expenses and offers Enhanced Flexibility

Legal outsourcing or Legal Process Outsourcing (LPO) involves exporting legal services to low-wage foreign markets. A lot of companies consider outsourcing their legal work to law firms across the globe, mainly for to save on legal expenditure. Apart from cost saving, legal outsourcing also offers advantages such as reduced turnaround time, flexibility, access to outside talent, and the ability to cut back or scale up operations. Some of the major factors that have fueled the LPO trend include:

• Increased automation of legal processes
• Data security developments
• Technological advancements
• Growing costs of legal services

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Maximum Growth Opportunities for Onshore LPO

Legal process outsourcing can be categorized into onshore LPO and offshore LPO. The onshore LPO segment is likely to witness a rapid and maximum growth over the coming years. Onshore LPO offers various advantages that streamline the business processes. It is a better option for companies that prefer collaborations within the same region.           

Offshore LPO is also expected to witness rapid expansion as a result of the growing need to outsource legal operations to countries such as Philippines, South Africa, and India. Offshore outsourcing is done on account of the presence of a large number of efficient lawyers with lower pay scales than the ones in developed countries like the US.

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New LPO Model to Create a New Market and Value Network

Perry4Law’s Techno Legal Base (PTLB) recently introduced the world’s first disruptive LPO model commonly identified as PTLB LPO. This model utilizes ICT4D for legal services and helps avoidwaste of efforts and time while reducing overall costs. The company stated that the new model would help create a new market while ultimately disrupting the current value network.The company also believes that the constructive incorporation of the existing, new, and future innovations in this model could improve the economic benefits of the new, as well as current customers.

Market Overview 

A research study available on Radiant Insights, Inc. predicts that the worldwide legal outsourcing market may witness a substantial growth over the forecast period (from 2017 to 2022). High need for efficient use of resources is expected to have a positive impact on the market. Moreover, increasing prices of legal proceedings have caused organizations to outsource such services, which may further impel this expansion in near future. CPA Global Ltd.; Elevate Services, Inc.; AmStar Litigation Support; Cobra Legal Solutions LLC;and Infosys Ltd.; are the key players in the global market.

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VMS Software Market will grow due To Increasing Government Expenditure on Security

Factors such as rapid infrastructure development, rising implementation of large-scale security networks, increasing use of IP cameras, growing video surveillance, and increasing government expenditure on security can drive the market over the forecast period (2017 to 2022). Rising anxieties owing to growing cyber threats is the major driving factor for the market. Video management software suites run on computer or mobile devices and are intended for storage and processing of data captured from various cameras connected in a communication channel. They can be broadly used to manage digital audio, video, data, and playback functions in a video surveillance system. These suites are easy to deploy and can be easily integrated with third-party products and digital business systems.

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VMS software comprises a wide range of applications, including monitoring, protection, event video surveillance, and cross-border activities. Growing use of tablets, smartphones, and other smart devices in businesses can result in a positive outlook for the market. Mobile apps are broadly accepted in video surveillance systems owing to their flexibility since users can remotely access and manage live as well as recorded videos from different locations at any time. For instance, Milestone Systems recently introduced VMS software called XProtect Professional+. This software can be connected with multiple servers from either a single location or several different settings and offers users the capability to explore a video from any place. This VMS software can also be helpful in managing a user’s profiles, maps, alerts, cameras, and alarms.

On the other hand, concerns regarding recordings and storage of high-resolution videos and many issues related to privacy may restrain market growth.

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The worldwide VMS software market can be fragmented on the basis of type and application. Based on type, the market can be categorized into standard level, professional level, enterprise level, and cloud. Based on application, the VMS software market can be classified into manufacturing, government, entertainment and media, cloud services, automotive, and bank and financial applications.

Geographically, the VMS software market can be divided into United State, Europe, Japan, China, India, and Southeast Asia. United States represents the largest market owing to the presence of developed infrastructure, existence of advanced video surveillance systems, and availability of high-end security networks in this region.

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Southeast Asia VMS software market is expected to show rapid growth over the forecast period due to rising government expenditure on security and developing state-of-the-art infrastructure. Increasing focus on smart city projects and intelligent transportation system in developing countries, including China and India, are major driving factors. Enterprise customers and numerous end users are extensively implementing IP- and cloud-based video surveillance systems in this region. Sectors such as retail, sport stadiums, transportation, government, and banking, financial services, &insurance (BFSI) emerged as some of the most attractive end-users in the VMS market in the region.

Key companies operating in the VMS software market include Axis, Milestone Systems, Qognify, Video Insight, and Tyco Security. The market is tremendously competitive due to existence of numerous vendors worldwide. Therefore, companies are focusing on development of innovative and cost-effective products, while also focusing on providing consistent user experience.

Automatic Speech Recognition Market- A Boon for Kids with Special Needs

Automatic speech recognition (ASR) is a technology used to convert words to text. This technology has far-reaching applications such as e-learning, interactive voice response (IVR), video games, robotics, and home appliances. The successful adoption of smartphones for everyday use has resulted in increased use of ASR. Intelligent voice assistants such as Siri and Google Voice Assistant that assist consumers in tasks such as finding movie timing, booking reservations, and low-traffic routes are the prime instances of this technology.

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The text-to-speech technology to record notes has been integral to the education of dyslexic and other differentlyabled students. According to various surveys in the Journal of Special Education Technology, the technology has been imperative in improving literacy rate among speciallyabled children.

IVR to Garner Tremendous Growth by 2022

One of the major market applications include IVR systems used in call centers to assist or troubleshoot customer queries. The IVR application segment is anticipated to grow tremendously over the forecast period. Contact centers or call centers have been employing speech analytics to improve the customer service. The agents at these centers rely on frequently used query terms to resolve customer queries rapidly. In addition, business owners can also provide suggestions to agents to improve their performance. The combination of IVR systems and speech recognition has resulted in tremendous dividends for call center owners.

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Market Outlook

According to a report on Radiant Insights, Inc.; the global automatic speech recognition market is anticipated to attain impressive growth in terms of revenue by 2022.It is expected to enjoy a healthy CAGRover the forecast period (from 2017 to 2022) due to the proliferation of consumer electronic devices. The increasing reliance on intelligent voice assistants is predicted to contribute to market growth. Demand for advanced biometric passwords can also augment market volumes in near future.
Key market players include Nuance Communications;Raytheon

BBN Technologies;LumenVox; and Microsoft Tell me Services. Recent developments focused on these manufacturers include reducing the ambient noise and reducing word error rate of voice-to-text transcriptions.

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About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

Multi-Cloud Management Market is anticipated to witness rapid growth to 2022

According to a research report made available by Radiant Insights, Inc.; the global multi-cloud management market is expected to have a rapid expansion during the forecast period (from 2017 to 2022).Multi-cloud management involves usage of multiple cloud computing services that manage different private, public, or hybrid cloud platforms and all the user resources, thereby optimizing data management. This allows end users to concentrate on running the application with all other resources managed in one place. This service is like using best-of-breed apps from many developers on a PC, instead of defaults provided by the operating system (OS) vendor.

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The multi-cloud management solutions and services are expected to witness high demand on account of the growing penetration of cloud computing and associated technologies, such as big data, server less architecture, and Internet of Things (IoT).On the other hand, factors such as the lack of expertise and security along with complexities in re-designing network are likely to hinder the market expansion during the next few years. However, factors such as rising demand for automation and agility, avoidance of vendor lock-ins, and the need for an advanced and effective governance process and other policies in various organizations are expected to augment the demand for multi-cloud management over the forecast period.

The global multi-cloud management market is categorized as per type, region, and application or enduser. Based on type, the market is trifurcated into cloud automation, migration and integration. Cloud automation is a cloud management service offered by the vendors to organizations for automating the cloud service management. Based on application, the market is bifurcated into infrastructure & resource management and metering &billing.

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Based on region, the multi-cloud management market is divided into Europe, United States, Japan, China, India, and Southeast Asia. The US regional market is projected to account for a significant share of global market in near future. This growth can be attributed to factors such as availability of proficient technical expertise, highly developed IT infrastructure, regulation standards, and strong presence of a large number of enterprises.

The Southeast Asia region is also anticipated to witness rapid growth as a result of rising awareness about the use of this technology over cloud computing. Rising adoption of cloud-based services and solutions along with emerging technologies like IoT and Big Data are expected to be the key driving factors for regional growth.

Some of the prominent companies operating in the worldwide multi-cloud management market include Jam cracker, Inc.; Accenture PLC; BMC Software, Inc.; Dell Technologies, Inc.; and CliQr Technologies, Inc. New product development has been the key strategy followed by most companies in the market to sustain the strong competition. For instance, VMware, Inc. recently launched an advanced, comprehensive multi-cloud management platform called vRealize Suite 2017. The new platform is designed to help its users to deploy, operate, and manage app services and IT infrastructure across public and private clouds. The new suite incorporates the latest releases of vRealize Automation, Business for Cloud, Log Insight, and Operations. It also features new lifecycle management abilities to support data center modernization and cloud integration efforts of users.

Global Compensation Management Software Market Size, Status and Forecast to 2022

The worldwide compensation management software market is projected to attain significant revenue by 2022, finds a report made available by Radiant Insights, Inc. It is expected to expand at a healthy CAGR from 2017 to 2022 (forecast period) due to its impact on employee motivation. Compensation management software is a part of talent management software and it assists companies and organizations in workforce management. The shift towards digitization and influx of various software tools is expected to drive market growth.

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Demand for automated software to assist the human resource management team is expected to gain good revenue for the global market. The transparency it provides towards the employee rewards program in major corporations is anticipated to spur market over the forecast period. The adoption of Social, Mobile, Analytics, Cloud (SMAC) by various industries is likely to impel adoption of compensation management software. The use of agile management to evaluate employee performance on key performance metrics can have a huge impact on talent hiring.

The accessibility of mobile applications to manage tasks such as attendance management, on-demand video learning, and time management is predicted to influence the market. Conglomerates that operate in different countries can utilize such software to comply with regional employee guidelines. The important role of compensation management software to control labor costs can open up new avenues for growth. But maintenance cost of the software continues to pose a challenge to the market.

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The global compensation management software market is segmented by type, application, and region. Types include Personal Computer (PC), Cloud, and others. Major market applications are categorized into Small and Medium Enterprises (SMEs), large organizations, and others.

Regions covered in the compensation management software market include India, China, Japan, Southeast Asia, United States, and the European Union (EU). The United States market is projected tremendous growth over the forecast period due to the emergence of various startups and micro-enterprises. In addition, utilization of Cloud model to reduce expenses is expected to augur good revenue for the market in near future.

The Japan compensation management software market is expected to command a huge demand in the forthcoming years due to its lack of employee retention. The archaic business models can be improved with the help of compensation management software. In addition, the declining population in Japan has led to conglomerates looking for revenue opportunities abroad. These factors are expected to provide a much-needed stimulus to the regional market. The Middle East market is also predicted a steady growth rate due to the influx of various professionals in the countries looking for jobs.

Prominent players in the compensation management software market include Oracle Corporation; Workday, Inc.; Curo Compensation Limited; Ultimate Software Group, Inc.; and PayScale, Inc. Novel product launches is the prime strategy utilized by these players to entice consumers. For instance, Ultimate Software Group offers software solutions for enterprises that provide all types of workforce management including compensation management. Mergers and acquisitions is another strategy used by the key participants to sustain market hold. For example, in 2016, PayScale decided to merge with Market Pay to obtain accurate data regarding compensation management of its employees.

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Collaboration Software Market will grow due to the Reduced Expenses in Cloud Computing

The worldwide collaboration software market is anticipated to attain significant gains by 2022, according to a report on Radiant Insights, Inc. Demand for unified communications is projected to drive market growth over the forecast period (2017-2022). Collaboration software lets individuals enhance their productivity and efficiency while working within a team or group. The types of software offered in the market differ on the basis of two major parameters – time and location. Some instances of this software are Dapulse, Clarizen, and Slack. Benefits of organization improvement, enhanced project management, and team building are expected to drive demand in the collaboration software market.

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The rising trend of Bring Your Own Device (BYOD) across global organizations can support the adoption of collaboration software. The people-centric design of these software applications is also anticipated to have a positive impact on adoption rates during the forecast period. The advent of big data may lead to manufacturers of such software offering appropriate storage solutions. Future development of collaboration bots to automate tasks is predicted to be a game-changer.

A reduced expense in cloud computing and increasing collaboration with technology creators is expected to provide an impetus to market growth. For instance, Sales force decided to utilize the Google Cloud platform for its collaborative software application, Quip. The integration of Google’s services with Sales force for a year can be used to track accurate leads and ad returns. Lack of security measures and high software costs may impede market growth.

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The global collaboration software market is segregated on the basis of type, application, and region. By type, it is divided into mobile (iOS and Android), cloud, web, and software as a solution (SaaS). Major applications include small and medium enterprises (SMEs) and large organizations. Key end users include media and entertainment, IT and telecom, retail, and banking, financial services, and insurance (BFSI).

Regions in the collaboration software market include China, India, Japan, Southeast Asia, United States, and European Union (EU). The China market is expected to thrive due to surge in cloud and SaaS platforms. Interest of traditional industries in adopting collaborative software applications to improve team productivity has led to the success of Teambition, a China-based application. Presence of a large number of vendors is expected to ensure a sustainable growth rate for the United States market.

The India collaboration software market is projected to display a strong growth trajectory due to proliferation of the Internet, high number of application-savvy employees, and demand for better communication models. Demand from end users such as BFSI and growth of SMEs is expected to spur market growth. In addition, steady growth of the telecommunications sector in India has ensured the adoption of popular collaborative applications such as Skype and Google Hangouts.

Prominent players in the collaboration software market include Slack, Confluence, Evernote, eXo, and Microsoft Corporation. Product development, R&D, and mergers and acquisitions (M&A) are strategies incorporated by these players. For instance, Microsoft decided to acquire LinkedIn in 2016 in order to expand its service portfolio. The untapped healthcare and education sectors can provide new growth opportunities for the market.