Talent Management Software Market Research, Analysis, Scope & Assumptions

 Global Talent Management Software Market is anticipated to reach USD 24.03 billion by 2025. Talent Management Software (TMS) is a technology that human resource management experts use to record employee’s lifecycle that includes development, strategic hiring, and performance management. The factors that propel the growth of the Talent Management Software Market include development in automation, extensive research and development activities, rising need for cloud-based talent management software, and surge in the e-learning market.

On the other hand, there are factors that may hamper the growth of the market including budget limitations and lack of awareness. Talent Management Software industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. HR experts need to rethink the way they manage the rising number of laborers shifting to freelance and contract modes of employment. HR-tech will prove to be important in order to assist workers, maintain networks across boundaries, help managers lead their teams, and drive association.

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Talent management software industry may be explored by deployment, verticals, organization size, and geography. The market may be explored by deployment as Cloud and On-premise. The “Cloud-Based Services” segment led the talent management software market in 2016 and is anticipated to maintain its dominance by 2025. The key factor that could be attributed to the growth of market includes increasing acceptance of cloud-based services. Also, features including flexibility, agility of the solutions and on-demand services might contribute greatly to the market growth

The industry could be explored based on vertical as Manufacturing, BFSI, IT & telecom, Recruitment Consultancies, E-commerce and Others. The “IT and telecom” segment led the talent management software industry in 2015 and is anticipated to maintain its dominance by 2025.The key factor that could be attributed to the growth of market includes surging demand from a diverse set of businesses. The market may be analyzed by organization size as Mid-size organizations, Small organizations and Large organizations.

North America accounted for the major share of the Talent Management Software Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rapid technological developments in the industry verticals across different economies and presence of a large number of mid-sized and small enterprises. North America is likely to be followed by the Asia-Pacific region.

Some of the key players that fuel the growth of the talent management software industry comprise Oracle Corp, IBM Corporation, SAP, Workday, Inc., Halogen Software Inc., and Cornerstone On Demand. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Talent management software solution outlook (Revenue, USD Million; 2014 - 2025)
• Recruiting Management
• Compensation Management
• Employee Lifecycle Management
• Learning and Training Management
• Performance Management

Talent management software deployment outlook (Revenue, USD Million; 2014 - 2025)
• On-Premise
• Cloud

Talent management software application outlook (Revenue, USD Million; 2014 - 2025)
• BFSI
• Retail
• IT & Telecom
• Healthcare
• Government
• Education
• Others

Talent management software regional outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa (MEA)

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Shared Services Center Market Overview, Analysis and Outlook Report to 2025

 The global shared services center market size is expected to reach a higher CAGR by 2022, across the globe. The market is subject to witness a substantial growth due to the easy availability of skilled labor force and lower wages in developing economies, particularly in the Asia Pacific region.

Increasing investment made by industry players for development of various innovative procedures to improve everyday dealings along with efficient operational performance and better management programs in order to achieve best possible result from given the shared services center units. Globally, the shared services centers market is predicted to grow at CAGR of 30% in forecast period, providing numerous opportunities for market players to invest in research and development in the market

Early adoption of shared services center allows better operational capability, cost efficiency, reduction in the complexity and enhancement in the overall efficiency of the system. These factors are expected to foster the growth of shared services center industry over the forecast period. Rise in demand for shared services center over the forecast period. The shared services center are designed such that a required organizational structure is achieved with simple workflow for a completely optimized procedural impact and provides operational excellence.

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The shared services center offers management and focus on the strategic decision-making. The early adoption of shared services center helps organization in re-engineering of basic enterprise-level functions and services with efficient operational functionality and end-user optimization. Such advantages associated with early adoption of shared services centers are expected to fuel the growth of the market in the near future.

Furthermore, strong economic growth, easy availability of skilled labor force, and lower wages in developing economies across the globe are some of the key aspects responsible for sustained the growth of shared services center market, in the recent years. Favorable governmental policies such as tax relaxation initiatives, introduction of such as tax-free zones and special economic zone (SEZ) by local governments to promote adoption of shared services center, thereby driving market expansion in the recent years. However, complexity associated with implementation of shared services center framework is considered as major restraining factor for market growth. The market the given tasks are performed by functional entities follows dynamic pathing across various business units. The market further follows periodic procedure to perform different sets of tasks by leveraging best practices.

The market is broadly categorized into four major types based on end-user industry such as pharmaceutical & medicine sector, legal, banking & finance industry, and manufacturing sector. The legal SSC is considered as one of the fastest growing segment in the shared services centers industry with substantial revenue generation in the last couple of years.

Growing popularity of the legal SSC market segment is attributed to increasing demand for subcontracting litigation support services. In addition, factors such as outsourcing of legal services has led to massive growth in the market segment. The pharmaceutical & medicine sector has also witnessed significant growth during the forecast period.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. Europe has shown major growth in recent years owing to the rise in the implementation of latest technologies, varying demographics, and existence of well-established infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the shared services center (SSC) industry with massive growth in forecast period.

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Countries such as India, China and Philippines are leading the Asia-Pacific market with easy availability of skilled labor force, lower wages, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the shared services center industry are Abbott Laboratories, Allen & Overy LLP, Barclays plc, Invest Lithuania Ltd., Novartis International AG, The Western Union Company, Ahlstrom-MunksjöOyj, Aspen Pharmacare Holdings Ltd., Ernst & Young Co., Intermedix Co., NASDAQ Inc., PA Consulting Group Co., PricewaterhouseCoopers Co., Tentacle Technologies MSC Sdn.Bhd., WNS Global Services, and KPMG LLP.

Market Segment:

SSC End-Use Outlook (Units, 2012 - 2022)
• Pharmaceutical and clinical
• Legal
• BFSI
• Manufacturing
• Other end-use

SSC Regional Outlook (Units, 2012 - 2022)
• North America
• Europe
• CEE
• Asia Pacific
• Latin America
• MEA

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Application Security Market Is Estimated To Develop At A CAGR Of 17.7% In Future

 The global Application Security Market is estimated to touch US$ 10.7 billion by the completion of the prediction period. The application security industry is estimated to develop at a CAGR of 17.7% for the duration of the prediction. Growing targeted assaults on the applications expected to be a most important issue that estimated to motivate the progress of the market. Furthermore, acceptance of BYOD in the administrations that are positioning application security facilities and solutions to defend in contradiction of possible threats has backed to the demand of the market.

The application security market on the source of Type of End Use. The market divided into-Retail, Telecom & IT, Government & Defense, Manufacturing, Healthcare, BFSI, and Others. The government organizations grasp, access, and bring about bulky size of sensitive information. The subdivision of government & defense, at present is prone to foremost cyber-attacks and safety breaks.

The government organizations does not come across simple safety obedience thus by it is generating greater opening for market. The market for the subdivision of government & defense is likely to develop by a CAGR of 18.3% for the duration of prediction. The market moreover expected to observe a sizeable development in the subdivision of BFSI, Telecom & IT and Healthcare above the prediction period.

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The application security industry on the source of Size of Organization could span Large Enterprise, Small & Medium Enterprise. The market scope for application security in large enterprises was worth US$ 1.25 billion in the year 2015 and is expected to observe sizeable development above the subsequent nine years. The market on the source of Type of Placement could span On-premise, Cloud.

The application security market on the source of Type of Testing could span Runtime Application Self-Protection [RASP], Dynamic Application Security Testing [DAST], Interactive Application Security Testing [IAST], Static Application Security Testing [SAST].

The Dynamic Application Security Testing [DAST] is estimated to considerably add to the income of the market, by way of a market scope of above US$ 4 billion by the completion of year 2025. It provides a number of benefits that take in coverage of wide-ranging susceptibility, incorrect optimistic reduction, complete code handling that consist of the outlines and libraries, and zero disturbance of process.

The application security industry on the source of Type of Services could span Professional, Managed. The subdivision of managed services was appreciated such as US$ 478.5 million in the year 2015 and is projected to increase grip due to robust obedience necessities. The market on the source of Type of Solutions could span Mobile application security, Web application security. The web application security solution was the biggest market in the year 2015. It was appreciated at US$ 1.75 billion and is projected to witness weakening development above the prediction period. The market for mobile application solution is estimated to develop by a CAGR of 25.9% for the duration of prediction.

The application security market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada], Europe [France, Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil, Mexico], Middle East and Africa.

By the source of geography, the business in the Asia Pacific is expected to observe sizeable development above the following years due to a number of expansions, particularly in the market for mobile application security. The provincial market is estimated to develop by a CAGR of 24.9% for the prediction period.

North America grasped the biggest stake in the international application security industry during latest past year owing to its speedy acceptance of state-of-the-art expertise. The existence of most important companies of application security solution, and stringent rules by businesses and government regarding the placement of IT tools for business procedures. This consequence in the widespread employment of security policies to avert cyber intimidations.

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The statement revises Trades in terms of intake of application security in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field of application security are White Hat Security, Qualys Inc., IBM, Vera code, and Hewlett Packard Enterprise.

Market Segment:

Application Security Solution Outlook (Revenue, USD Million, 2014 - 2025)
• Web application security
• Mobile application security

Application Security Services Outlook (Revenue, USD Million, 2014 - 2025)
• Managed
• Professional

Application Security Testing type Outlook (Revenue, USD Million, 2014 - 2025)
• Static Application Security Testing (SAST)
• Dynamic Application Security Testing (DAST)
• Interactive Application Security Testing (IAST)
• Runtime Application Self-Protection (RASP)

Application Security Deployment Outlook (Revenue, USD Million, 2014 - 2025)
• Cloud
• On-premise

Application Security Organization size Outlook (Revenue, USD Million, 2014 - 2025)
• Small and medium enterprise
• Large enterprise

Application Security End-Use Outlook (Revenue, USD Million, 2014 - 2025)
• BFSI
• Government and defense
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

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Application Security Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa

Data Preparation Tools Market - Industry Snapshot & Key Buying Criteria

 The Global Data Preparation Tools Market was valued at USD 1.10 billion in 2016 and is predicted to reach USD 8.47 billion by 2025 due to increase in demand for data from various industries for analysis. Data Preparation is the method of collecting, integrating, structuring and organizing data so that is can be examined as a part of visualization, analytics and machine learning applications. The demand for data from retail and IT sector is increasing, due to which the market is expected to grow substantially with a CAGR of 25.1%

The components of data preparation include pre-processing, profiling, cleansing, validation and transformation; it also involves pulling together data from different internal and external sources. Data Preparation is performed by Information Technology and Business Intelligence teams since they combine data sets to store the data in data warehouse, Hadoop data leak repository or NoSQL database. Moreover, data analysts can take the help of self-service data preparation tools to gather and prepare analytical data with data visualization tools like Tableau. Data preparation makes sure that the data to be analyzed is consistent and accurate for the valid and useful results. Sometimes, data is created with inaccuracies, missing values and other errors. Data is also stored in different databases and files that causes confusion and ambiguity for data reconciliation. At such times, data preparation process is required for the improvements like fixing inaccuracies, performing verification, and integrating data sets for improved analytic results.

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The major driving forces of the Data Preparation Market comprise the rising significance of on-time qualified data, benefits of simplified business operations, the growing need to follow regulatory and compliance requirements and the use of data preparation tools in analytical data. The quality of data is influenced by the data storing and management technique. Therefore, businesses are adopting data quality tools for maintaining consistency, which improves decision making. The retail shops, commercial buildings, educational institutions, malls, restaurants, hotels are some of the industries which are extensively adopting data preparation tools for decision making, resource allocation and asset management. The use of Data Preparation Tools in these sectors is largely contributing the Data Preparation Tools Market.

Moreover, data security is one of the issues that is hindering the Data Preparation Market. Also, the costly initial implementation is another factor expected to restrain the Data Preparation Tools Market. Nevertheless, the selection of right cloud infrastructure partner and appropriate analytical tools are challenges for the Data Preparation Tools Market.

The market is categorized on the basis of deployment model, tool type, platform, industry vertical, and geography. On the basis of deployment model, the market is divided into hosted and on premise. On the basis of tool type, market can be divided into data curation, data cataloging, data quality, data ingestion, and data governance. On the basis of platform, the Data Preparation Tools Market can be classified into self-service and data integration data preparation. On the basis of industry vertical, market can be divided into Banking, Financial Services & Insurance, transportation, energy & utility, healthcare, government, IT & telecommunications, manufacturing, and etc.

Geographically, the Data Preparation Tools Market can be segmented as North America, Asia Pacific, Europe, Middle East & Africa and South America. North America is predicted to contribute maximum share of the Data Preparation Tools Market owing to significant growth in demand of data through IOT (Internet of Things) and other connected devices in the area.

Some of the prominent Data Preparation Tools Industry players summarized are Alteryx, Inc., Tableau Software, Inc., Informatica Corporation, Datawatch Corporation, International Business Machines Corporation, Tibco Software Inc., SAS Institute, Microsoft Corporation, SAP SE., Talend, and Qlik Technologies Inc.

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Market Segment:

Data Preparation Tools Platform Outlook (Revenue, USD Million, 2014 - 2025)
• Self-service
• Data integration

Data Preparation Tools Function Outlook (Revenue, USD Million, 2014 - 2025)
• Data collection
• Data cataloging
• Data quality
• Data governance
• Data ingestion
• Data curation

Data Preparation Tools Deployment Outlook (Revenue, USD Million, 2014 - 2025)
• On-premise
• Cloud

Data Preparation Tools Vertical Outlook (Revenue, USD Million, 2014 - 2025)
• IT and Telecom
• Retail and E-commerce
• BFSI
• Government
• Healthcare
• Energy and Utilities
• Transportation
• Manufacturing
• Others

Data Preparation Tools Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East and Africa

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Clinical Decision Support Systems (CDSS) Market Will Grow At A CAGR Of 6.7% In Future

 Global Clinical Decision Support Systems Market is expected to reach USD 791.25 million by 2024. Clinical Decision Support System is also termed, as CDSS is an application that recognizes data to support healthcare providers make clinical decisions. It is a version of the decision support system exclusively used to support business management. To prepare a diagnosis and evaluation of the diagnosis as a means of refining the concluding result. The Clinical Decision Support System (CDSS) Market is estimated to grow at a significant CAGR of 6.7% over the future period as the scope and its applications are rising enormously across the globe.

The increasing government initiatives, growing aging population, acceptance of HCIT solutions in healthcare, and growing number of people suffering from chronic diseases are documented as major factors of clinical decision support systems industry that are estimated to enhance the growth in the years to come. However, saturated end-user market and lack of skilled personnel are the factors that may restrain overall market growth in the forecast period. Clinical Decision Support System industry is segmented based on types, product types, delivery mode, components, user inactivity, application, and region.

Diagnostics CDSS and Standalone CDSS are the types that could be explored in Clinical Decision Support System in the years to come. There are various product types of Clinical Decision Support System that could be explored in forecast period are Integrated CDSS with CPOE & E.H.R., Standalone CDSS, Integrated E.H.R. with CDSS, Integrated CPOE with CDSS, and others. Clinical Decision Support System integrated with CPOE segment accounts for the largest market share of overall market and is estimated to lead the market in the coming years. Moreover, it is estimated to grow at highest CAGR in the upcoming years. This may be because of, acceptance of computerized prescription patterns in developed regions.

The market is categorized based on delivery mode like On-Premises Delivery, Web Delivery, Cloud Delivery, and others. On-premises mode is exclusively preferred due to information safety and privacy issues. It is estimated to lead the overall market in the years to come. Also, cloud-based delivery segment is estimated to grow at highest CAGR in the upcoming years.

The software sector is at topmost position due to the need for intervallic software upgradation. However, Services and Hardware are other components that could be explored in Clinical Decision Support System in the future period. The services may include Post-sale and Maintenance Services, Consulting Services, Training and Education Services, and Ongoing IT support and Implementation Services.

Passive CDSS and Active CDSS are the user interactivity that could be explored in Clinical Decision Support System in the upcoming years. Also, the market is categorized based on applications like Drug Dosing Support, Drug-Drug Interactions, Clinical Guidelines, Drug Allergy Alerts, Clinical Reminders, and others. The drug allergy alerts sector is estimated to lead the overall market in the foremost period. However, drug dosing support and drug-drug interactions follow suit.

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Globally, North America accounts for the largest market share of Clinical Decision Support System and is estimated to remain dominant in the years to come. The reason behind the growth of market in this region could be, rising importance on quality of healthcare services, technological enhancement, and presence of reimbursement policies. The United States may be a major consumer of Clinical Decision Support System in this region in forecast period. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth.

However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR of 7.8% in the years to come. The aspects that may be ascribed to the growth comprise, increasing investments in the healthcare sector in countries like Singapore, Australia, India, and China. In addition, developing countries like India and China are the major consumers of Clinical Decision Support System in this region.

The key players of Clinical Decision Support System Market are Siemens Healthcare, EPIC Systems Corporation Inc., Phillips Healthcare, International Business Machines (IBM), Cerner Corporation, Elsevier B.V., McKesson Corporation, Zynx Health, Medical Information Technology, Inc., Wolters Kluwer Health, and Allscripts Healthcare Solutions. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Clinical Decision Support Systems Product Outlook (Revenue, USD Million, 2013 - 2024)
• Standalone CDSS
• Integrated CPOE with CDSS
• Integrated E.H.R. with CDSS
• Integrated CDSS with CPOE & E.H.R.

Clinical Decision Support Systems Application Outlook (Revenue, USD Million, 2013 - 2024)
• Drug-drug interactions
• Drug allergy alerts
• Clinical reminders
• Clinical guidelines
• Drug dosing support
• Others

Clinical Decision Support Systems Delivery Mode Outlook (Revenue, USD Million, 2013 - 2024)
• Web Delivery
• Cloud Delivery
• On Premises Delivery

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Clinical Decision Support Systems Component Outlook (Revenue, USD Million, 2013 - 2024)
• Hardware
• Software
• Services

Clinical Decision Support Systems Regional Outlook (Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Middle East and Africa (MEA)
• South Africa

Batch Management Software Market Will Grow As Of Rising Demand For Enhanced Production

 Batch management software market is expected to grow at a CAGR of over 7%. Rising demand for enhanced production and importance to quality is expected to drive the market growth over the period. Food and beverages, chemicals, Pharmaceutical and biotech industries are the major users of batch management systems. However this software is also significant in mining and metals, cement and glass, pulp and paper.

To maintain customer satisfaction and loyalty in order to reduce the risk of product recall is anticipated to drive the batch management software market. The growing importance of social media through which consumers can easily share their opinions and criticism regarding the quality of the product. This may affect the reputation of the company and can be an important differentiation in a very competitive market.

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Increase importance of time to market is also expected to stimulate the demand for batch management software. In a time based competition, length of time taken from generation of an idea to the finished product is critical for a reduced production cycle time. By reducing the total time needed for a product to reach the market the consumers will be able to purchase it, thus making the company more profitable in a short span of time. Batch management software helps in reducing the time to market and reduce the speed to market for development of new products which is very efficient in pharmaceutical and biotech industries particularly.

Increased regulation on food and drug safety play a major role in the market. According to title 21 Part 11 of the food and drug administration (FDA) which implies that all the processes audits, controls, system validations, electronic signatures and documentation are to be maintained in electronic format by all the pharmaceutical industries, biotech companies, medical device manufacturers and other FDA regulated industries. Through the batch management software, all the companies will be able to make traceability information of products available to the authorities on demand.

Maintaining the system would be a major restraint for the batch management software. One on staff expert or two can maintain a simple batch application, however it becomes difficult to manage the software or the codes with a single expert as the complexity increases .Non availability of skilled workforce can restraint the company to proceed with the processes. Batch manufacturers need to shift to more advanced batch applications to be more efficient and cost effective. They need to be more responsive to the consumer needs and produce products more economically.

Evolution of business system integration will help the batch management software products and their market size. Closer integration with business systems, implementing analytical technologies and use of different working models and workflow engines anticipate major changes that will shape batch management products.

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Governments in developed economies are replacing custom batch solutions with other basic software. The manufacturers are enhancing the use of their systems while associating production by attempting to maintain product flexibility. There is a continuous growth in consumer goods and durables which leads to high demand for quality and variety increasing the implementation of Batch management software. Many of the manufacturing facilities have little to no automation infrastructure and are primarily operated manually. These factors enhance the deployment of BMS systems globally.

Batch management software can be segmented on the basis of their functionalities which includes recipe management and execution, production scheduling, historian and reporting, quality management, resource and inventory management. Wonderware Inbatch is a control system independent batch management system introduced to deploy BMS to run new product recipes, reducing the time to market and recipe validation efforts in regulated industries.

The major players in the market are pharmaceutical, biotech and chemical industries followed by food and beverage, pulp & paper, mining & metals, cement & glass. Geographically Batch management software market can be segmented as North America, Europe, and Asia pacific. The U.S. alone holds around 40% of the global pharmaceutical market, six out of the total eleven countries are based in the country. Increased requirements for standard solutions across many facilities globally, many suppliers are responding with improved technology, developed and user friendly tools which would provide greater visibility to the manufacturing operations.

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Digital Therapeutics Market Position, Estimates & Trend Analysis Report to 2025

 Industry Insights

The global digital therapeutics market size was estimated at USD 1.7 billion in 2016. Digital therapeutics is a subset of digital health and is used to track health conditions and self-management of a medical condition. A significant change in the usage of digital technology has created cognizance among users and has allowed increasing adoption of these services. Moreover, there has been increased burden of the chronic diseases that requires effective treatment and management. There are a lot of services provided by digital therapeutics that aid in embracing healthy habits and allow efficient tracking and management of conditions. Digital therapeutics is thus estimated to grow at a fast rate owing to increasing adoption among patients and other end users.

There has been a significant rise in internet usage among people which has been one of the significant drivers for the digital therapeutic market. Moreover, the treatment associated with the digital therapeutics is popular which is further adding to the growth of the digital therapeutic market. Chronic diseases are major problems and act as threats to the economy leading to high healthcare expenditure. For instance, according to the CDC, about 50 % of the adult population were suffering from the chronic diseases in 2012. As chronic diseases like diabetes, obesity and other respiratory problems are well managed with the help of the digital therapeutics they are being used on an increasing level.

The market growth is affected by the lack of the effective monetization techniques which are faced by the application developers. There has been a shortage of the financial earnings which are partially fulfilled by the advertisements, paid content, and other prominent revenue generation strategies.

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Application Insights

Based on the application, the market is classified into diabetes, obesity, cardiovascular diseases, central nervous system disease, respiratory diseases, smoking cessation, and others. Diabetes accounts for the largest market share of the application segment followed by other applications. Diabetes causes heavy burden on patients as well economies on the health front as well as the economic front. For instance, 8.3 % of the U.S. population suffer from diabetes while 35% of them exhibit prediabetes symptoms. Also diabetes is expected to show the fastest growth in the application segment due to the high prevalence and incidence of the disease. Digital management is helpful in the management of the symptoms of diabetes such as polyuria, polydipsia, and polyphagia. A large number of medical practitioners are using mHealth and have estimated that diabetes would reach its highest market limit in the next 5 years.

End use insights

Based on end use, the digital therapeutics market is divided into the patients, employers, providers, payers, and others. Patients are the major consumers of the therapeutic healthcare programs and applications offered by digital therapeutics. The usage of these services has been attributed due to increasing cognizance and added benefits offered by digital therapeutics.

Hospitals accounted for the largest market share owing to increased usage of digital therapeutics services for patients admitted in these settings. The utilization of these services allows affordable and vital healthcare to patients.

Regional Insights

The digital therapeutics market by region is characterized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a market dominator in digital therapeutic market. Growing number of reforms to limit the surge in healthcare expenditure in the country coupled with drive to focus on a patient-centric healthcare approach is anticipated to be accountable for the same. Furthermore, North America is a major center of a great amount of digital therapy suppliers. The U.S. has been conveyed to spend about USD 3 trillion a year on healthcare. In order to limit this expenditure, there is a vigorous swing in the U.S. healthcare sector that emphasis focused towards palliative care, to endorse overall patient wellness as an alternative of medical treatment.

Asia Pacific is anticipated to record fastest growth rate, due to two main attributes, namely, a highly solid population base that adapts into an enormous target base and rapid development that involves fast changing technological scenario. Moreover, constant improvements in countries to check the deficiency of proper infrastructure and preserve sustainable growth through economic intervention is expected to help the market growth

Competitive Insights

Some of the key companies in the market comprises of Livongo Health; Twine health, Inc.; Omada Health, Inc.; 2Morrow, Inc.; Propeller Health; WellDoc, Inc.; Canary Health, Inc.; Proteus Digital Health, Inc.; and Mango Health, Inc. Digital therapeutics is in its preliminary stages of development and is expected to increase its presence in the digital market with increasing adoption of apps and services offered by developers. Dominant players in the market are focused on development of user friendly and simple interfaces that allows customers to use these services on a larger level at ease.

However, growth probability is considered to be great in the market, which is contributed by growing adoption of therapeutic applications by leading healthcare providers to provide better treatment options to patients.

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Market Segment:

Application Outlook (Revenue, USD Million; 2014 - 2025)
• Diabetes
• Obesity
• CVD
• CNS Disease
• Respiratory Diseases
• Smoking Cessation
• Others

End use Outlook (Revenue, USD Million; 2014 - 2025)
• Patients
• Providers
• Payers
• Employers
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

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ERP Software Market Key Opportunities, Share, Estimates and Forecasts To 2022

 Industry Insights

In 2014, the ERP software market size was valued USD 27,648 millions globally. ERP system is a shared database that supports different business units. Integration of various functions in different business unit, transparency, and efficiency is predicted to drive the market over a forecast period. The need of streamlined processing in aerospace, defense, government utilities and industries will play a major role in market growth over a given period.

ERP is business management software that collect, stores, manage and interprets data from many business activities, thus allowing smooth flow of processes and better decision making and productivity. In Emerging economies such as Brazil, India and China the product will have great demand due to increasing number of SMEs. Development in IT sector, penetration of IT firms, and changing consumer behaviour in these regions will lead to adoption of ERP software over manual operations.

The inventory cost can be reduced 25% to 30% and raw material cost by 15% due to implementation of ERP in an organization. Low inventory cost and raw material cost will result in increased profits of firms, thus boosting demand for product in next seven years.

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Function Insights

In 2014, the use of ERP software in financial sector accounted about 22% of market share. It maintains proper order and record of all activities in a reliable and precise way. Management of different financial activities such as asset management, investments, accounting and cash flow management with ease and simplicity is expected to increase demand.

Human resource segment on the other hand also had a significant share in market due to expansion of different organizations in recent time. Expansion leads to increase in processes and complexity thus resulting in use of ERP software. Benefits such as automated process, enhanced information sharing and collaboration have helped in adoption of ERP software.

Deployment Insights

In 2014, Over 60% of market share was of ERP software based on on-premise deployment. Continuous control and high data security in an organization are benefits provided by on-premise deployment model which is expected to drive the market.

The second largest market share in 2014 was of Cloud deployment and it is expected to maintain its dominance in next seven years. Major factors for its demand are low infrastructure requirement with its capability to tune with other devices such as tablets and mobile phones.

Vertical Insights

In 2014, Manufacturing and services accounted 15% of market share. Operations such as tracking day-by-day performance, customer service and monitoring daily operations are guided by ERP software. The demand for product is expected to increase due its capabilities like ease of production scheduling, real time data tracking and inventory management. It will propel the growth in forecasted period.

In addition, due to adoption of IT infrastructure Government utilities also accounted significant market share. High adoption of ERP in Europe and North America is expected to drive market in coming period.

End-user Insights

SMEs accounted for over 40.0% of the market share in 2014. Proper management of database is required if the firm is in expansion phase. The key factors such as reduced production cost, increased operational efficiency and on-time product delivery is expected to augment product demand. In industrial sector, better supply chain, reduced complexity, better CRM and improved data access has facilitated the utilization of ERP software.

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Regional Insights

Continuous technological advancement in ERP software in association with presence of different players has helped its growth in North America and the region account for a share over 40% in ERP software market. Application of ERP along with mobiles phones is anticipated to drive market in next seven years.

In 2013, European Union claimed 26% of its enterprise use ERP which was 5% more as compared to 2010. Leading players such as Oracle, Unit4, SAP and Syspro will boom market.

Manufacturing sector is expanding and developing at a extreme rate in Asia pacific, this will result in increase demand for ERP. Government support and cooperation for implementation for ERP will help to propel market.

Competitive Insights

The market is divided as there are different companies in market worldwide. Acquisition, innovation and new product development are key strategies opted by companies. IBM corporation, NetSuite Inc., Syspro, Unit4, Microsoft Corporation, Infor, SAP SE and Totvs S.A are key players in market.

Market Segment:

Global ERP Software Deployment Outlook (Revenue, USD Million, 2012 - 2022)
• On-premise
• Cloud

Global ERP Software Functions Outlook (Revenue, USD Million, 2012 - 2022)
• Finance
• Human resource (HR)
• Supply chain
• Others

Global ERP Software Verticals Outlook (Revenue, USD Million, 2012 - 2022)
• Manufacturing & services
• BFSI
• Healthcare
• Retail
• Government utilities
• Aerospace & defense
• Telecom
• Others

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Global ERP Software End-User Outlook (Revenue, USD Million, 2012 - 2022)
• Large enterprises
• Medium enterprises
• Small enterprises

Global ERP Software regions Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Rest of World

Data Center Security Market Is Expected To Display A High Growth Rate In The Upcoming Years

 The global Data Center Security Market size is expected to value at USD 15.49 billion by 2024. The market is subject to witness a substantial growth due to the rising concerns regarding cyber-attacks and data breaches and increasing initiatives by government authorities to minimize threat-level to keep the integrity and sovereignty of the state. Factors responsible for rapid growth of the data center security industry include substantial increase in online traffic, shifting trend towards adoption of the cloud-based infrastructure, rise in the number of cyber-attacks and the need for a highly comprehensive security policy. Globally, the data center security market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

The data centers are considered as a vital element of organization owing to benefits such as capability to store critical information and core assets involved in the various business processes such as critical customer information, intellectual property, and transaction records. Safeguard of critical information can be achieved with the help of data center security. These factors are expected to foster the growth of data center security industry over the forecast period.

Early adoption of the advanced data security solutions allows organization to protect and safeguard core assets by offering immunity at different levels of business processes. The market is expected to display a high growth rate in the upcoming years owing to the vast increase in amount of businesses implementing cloud computing platforms and virtualization methods for their business information storage.

Increasing adoption of the various cloud computing platforms and virtualization methods leads to excessive vulnerabilities at different levels in the framework. This creates a need to implement stringent measures to minimize vulnerabilities involving both logical and physical measures. In addition, the virtualization of workplaces coupled with introduction of software-defined storage is leading to increase in the number of malware attacks and intrusion threats. These factors are expected to boost the market demand for advanced data center security solution over the forecast period.

Emergence of software-defined networking solutions and shifting trend towards Bring Your Own Device (BYOD) is predicted to drive demand for exclusive control and surveillance issues in the existing infrastructure of the data centers, thereby driving the market growth of data center security market in the upcoming years.

The data center security industry is broadly categorized into five major segments based on end-user application such as IT & telecom industry, healthcare sector, banking & financial services industry (BFSI), retail companies, and research and development firms. The IT & telecom industry is considered as one of the fastest growing segment in the market with substantial revenue generation in the last couple of years.

Growing popularity of IT & telecom market segment is attributed to the emergence of new threats, the sophistication of attacks, and shifting focus towards adoption of next generation technology. The financial services segment has also witnessed massive growth, in the recent years due to the increasing demand to store sensitive business information and a larger attack area for incursions into the networks.

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The data center security market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North American and European region have shown major growth in recent years owing to the rise in the implementation of latest technologies in cyber security sector, presence of matured market in the region and existence of well-established IT infrastructure. Asia-Pacific region is predicted to hold major market share in the data center security with massive growth in forecast period.

Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with growing demand from small and medium-sized enterprises (SMEs) and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the data center security industry are Symantec Co., Juniper Networks Inc., IBM Co., Cisco Systems Inc., Fortinet Inc., Checkpoint Software Technologies Ltd., Dell Incorporations, Trend Micro Incorporations, Honeywell International, Inc., Citrix Systems Incorporations, EMC Co., McAfee Inc., Intel Corp., and Hewlett-Packard Enterprise Company.

Market Segment:

Data Center Security Market Application Outlook (Revenue, USD Million, 2014 - 2024)
• Financial Services
• IT and telecom
• Government
• Education
• Healthcare
• Media & entertainment
• Others

Data Center Security Market Component Outlook (Revenue, USD Million, 2014 - 2024)
• Solution
• Logical security
• Threat and application security
• Compliance management
• Data protection
• Access control
• Others
• Physical security
• Surveillance solution
• Monitoring solution
• Access control
• Others
• Service
• Consulting
• Integration and deployment
• Managed services

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Data Center Security Market Regional Outlook (Revenue, USD Million, 2014 - 2024)
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

ATM Market Is Estimated To Enhance The Growth In The Years To Come

 Global ATM Market is expected to reach USD 24.92 billion by 2022. ATM is abbreviated as automated teller machine or automatic banking machine (ABM) is an electronic machinery that allows customers perform financial transactions in a public area like obtaining account information, cash withdrawals, transfer funds, or deposits anywhere without interaction with bank staff. The customer is recognized by inserting ATM card with a magnetic stripe or unique card number and expiration date as security information. The ATM Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Growing demand for automated wireless communication devices, increasing security standards, comfortable financial transactions, and linkage of ATMs with wireless devices are documented as major factors of ATM Market that are estimated to enhance the growth in the years to come. However, dispensing of extra cash, growing misuse of ATM pin, and tempering with ATM cards are the factors that may restrain overall market in the coming years. ATM Market is segmented based on type, solution, application, and region.

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Cash dispensers, conventional/ bank ATMs, smart ATMs, brown label ATMs, and white label ATMs are the types that could be explored in ATM in the forecast period. Managed services and deployment solutions are the solutions that could be explored in ATM in the forecast period. Deployment solutions comprise mobile ATMs, onsite ATMs, worksite ATMs, and offsite ATMs. Deployment solution sector accounted for the substantial market share of ATM and is estimated to lead the overall market in the coming years. The market may be categorized based on applications like deposits, withdrawals, transfers, and others.

Globally, Asia Pacific accounted for the substantial market share of ATM and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of untapped opportunities, developing economic conditions, and high demand for enhanced interactive machines. The developing countries like India and China are the major consumers of ATM in this region.

Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of ATM Market are Euronet Worldwide, Inc., Diebold, Inc., Fujitsu Ltd., NCR Corporation, Nautilus Hyosung Corporation, Wincor Nixdorf AG, HESS Cash Systems GmbH & Co KG, Triton Systems of Delaware, LLC, Hitachi-Omron Terminal Solutions, Corporation, and GRG Banking Equipment Co. Ltd. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

ATM Solution Outlook (Revenue, USD Million, 2012 - 2022)
• Managed Services
• Deployment
• Onsite
• Offsite
• Worksite
• Mobile

ATM Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• RoW

Life Science Analytics Market Variables, Trends & Scope Report to 2025

 The global Life Science Analytics Market is estimated to touch US$ 25.90 Billion by the year 2025. Growing digitalization in pharmaceuticals and life sciences business to increase its price chain is some of the important factors expected to increase the market above the prediction period. Additionally, decreasing efficiency of R&D and growing supervisory mistakes are approximately the reasons anticipated to motivate this market. The life science analytics market is estimated to develop at the CAGR of 12.9% for the duration of the prediction.

Growing price tag of healthcare is some of the essential factor expected to definitely influence the market. Emerging along with industrialized areas are fronting a lot of encounters in providing economical and qualitative attention. Likewise, administrative unpredictability, financial pressure, and absence of practical inventiveness may consequence in little finance for healthcare.

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More or less of the important features expected to increase the price of global healthcare are increasing number of claims relating to non-communicable sicknesses, main concern for wellness at place of work, and increasing emphasis on wellness between fully-grown and senior inhabitants. Increasing price of healthcare is estimated to increase demand for life science analytics to make more efficient third-party procedures and improve general budget.

The life science analytics market on the source of Type of Application could span Pharmacovigilance, Regulatory Compliance, Research and Development, Supply Chain Analytics, Sales and Marketing. The market on the source of Type of Delivery could span On-premises, on-demand. The market on the source of Type could span Prescriptive, Descriptive, Predictive, and Reporting.

The life science analytics market on the source of Type of Component could span Services, Software. The life science analytics market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction period could span North America [U.S., Canada], Latin America [Brazil, Mexico], Western Europe [Germany, U.K.], Asia Pacific [ Japan, China], Middle East & Africa [South Africa].

By the source of geography, North America had ruled the market in the year 2016. Greater problem of non-communicable diseases due to surge in elderly inhabitants and unnatural way of life is an important motivating issue.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 - 2025)
• Reporting
• Descriptive
• Predictive
• Prescriptive

Component Outlook (Revenue, USD Million, 2014 - 2025)
• Software
• Services

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Application Outlook (Revenue, USD Million, 2014 - 2025)
• Research and Development
• Sales and Marketing
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

Delivery Outlook (Revenue, USD Million, 2014 - 2025)
• On-demand
• On-premises

Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

Application Management Services Market Variables, Trends and Scope

 The global application management services market is expected to reach USD 87.60 billion by 2025. An application management service comprises of combination of various implementation, projects and operational services in an organization to optimize its activities. They are used to maintain applications and support users for long term period. Operating costs can be reduced, applications systems can be improvised and software processes can be improved by implementing application management services thereby ensuring faster and better performance of business processes and applications.

Current market trend in application management services include outsourcing activities, hosting cloud applications and mobile models. There have been remarkable technological improvements and changing business models in recent times in addition to optimization of processes that drive the deployment of these applications.

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Application management includes various domains such as Application outsourcing as a part of packaged and custom management, Hosted Application Management as a part of Cloud modelling, Customized application management that employ various application factory models and best practices, testing service portfolios provided by cloud providers and traditional systems.

Global cloud services market is expected to grow over 16.5 percent to a total above $204 billion up from $175 from 2015.The highest growth is expected to come from cloud system infrastructure services which includes infrastructure as a service and is expected to have a growth rate of over 38.4 percent in the forecast period. The largest segment in the application service market is the cloud advertising service that is expected to grow above 13.6 percent to reach over $90.3 billion. This continuous growth marks a shift away from systems maintaining legacy infrastructure services.

IaaS is the strongest growing segment as organizations choose to drift away from infrastructure employing data centers and move their hardware into public oriented cloud based services to store data. Few market enterprises have become market leaders in this segment as they emphasize on differentiating the applications they provide by bringing about new ways of storing and maintaining Data.

Software as a service (SaaS) is expected to grow at a rate of over 20.3 percent in the forecast period and have a revenue of around 37.7 billion. Vendors in this market prefer moving to cloud based offering from on-premises licensed software systems that are much more expensive. This trend is expected to show remarkable improvements in the near future. Major vendors in Cloud services can is expected to fuel the Saas Market as well.

Web applications, web services, Client-server systems, Content management, Reporting, Integration of different systems within an organisation form customized application development. Mobile applications comprise of Bluetooth, GSM, GPRS, SMS and MMS applications. Application management services aim at goals that result in operational excellence and achieving measurable and specific objectives. The common objectives that companies aim at are minimized risk , Cost reduction, Improved quality , Speed to market, Standardization Improved governance and optimized transparency.

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Next generation application management services aim to balance legacy infrastructure systems while simultaneously discovering new business opportunities. These services play a major role in improving processes owing to reduced costs, better agility and reliability. Application management also emphasis on integration of upcoming technologies that combine modules at different interfaces. Transformation in development and procurement of application management services can be attributed to the upcoming technologies that are a result of integrating social and mobile applications into cloud computed systems. Organizations now focus on micro applications that can be created faster in shorter periods, highly collaborated and deployed spontaneously at the earliest possible.

An important component of next generation application services includes techniques that can help developers integrate rapid application updates. Application. Vendors who offer these next generation services should be carefully assessed for specific quality standards that can optimize agility and responsiveness of the business which account for increased savings and continuous improvements. Growing needs to maintain confidential data and providing security to clients is crucial and can be handled by application services that include performance monitoring and tuning, databases and maintenance, encryption and decryption and use of private and public keys

Financial institutions and banks have been major clients of IT firms that develop applications that can support these institutions with a secured system. Efficient application management services optimize their performance based on transformation levers that have wee defined cost benefit analysis and adhere to implementation timelines with respect to deployment of these services. Banks and financial institutions operate in a controlled environment where margins are contracted with strict regulatory requirements. Hence, they tend to focus on continuously optimizing their processes.

Consumption-based pricing, that include having licenses and maintenance and support services cost, is a model that is slightly risky but has an increased flexibility of application management services. There is service based pricing techniques that make way for new application management services. Focus of application management services is to have continuous productivity optimization with respect to scalability, better service quality levels and commitment to faster delivery of services to clients and thus generating better business values.

Major restraints can include compatibility issues that arise from new versions of devices that do not fit in with the existing application service and enhancements that can hinder the use of systems that have been hired for these applications to run. There should also be a continuous flow from the sales pitch to the delivery of AMS.

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During the development lifecycle of an application management service, testing is done in order to check for security issues. Usually at this stage, there are no bugs found but on discovery can have heavy expenses on the organisation. Hence, it is necessary that security is taken care of from the initial requirements stage thus avoiding to rely on the testing phase. This process drives down the cost of making these applications secure instead of having to rework on the entire application again.

Key competitors in the market include Accenture, IBM, Infosys, TCS. Other prominent vendors include Atos Origin, CSC, Bourntec Solutions, , Cognizant , Deloitte , HP , Iblesoft ,Ingenuity Technologies, Logica , Fujitsu, L&T Infotech, Mahindra Systems, Capgemini , NTT Data, Wipro, Xerox. Regions that focus on this market are Americas, APAC and EMEA. Applications prevalent globally are SAP systems and ERP systems that employ integrated modules to provide a single platform and make tasks simpler.

Market Segments:

Service Outlook (Revenue, USD Million; 2014 - 2025)
• System Integration
• Support & Maintenance
• Database Management
• Consulting
• Modernization
• Others

Deployment Outlook (Revenue, USD Million; 2014 - 2025)
• On-premise
• Cloud

Application Outlook (Revenue, USD Million; 2014 - 2025)
• BFSI
• Healthcare
• IT and Telecom
• Retail
• Public Sector
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa (MEA)

Encryption Software Market Trends, Analysis and Research Report to 2024

 "The need to safeguard corporate data is driving the encryption software market"

By 2024, the global Encryption Software Market size is estimated to reach USD 8,402.9 million, which is growing at a CAGR of more than 14% over the forecast period. With the growth in the trends like Internet of Things (IoT) and Bring Your Own Device (BYOD), concerns about data security are on all-time high. These trends have further caused cyber-attacks, thefts, data breaches and commercial espionage which will drive the demand for protective software.

Developments in the terms of hardware and software in the fields of mobile technology and their increased penetration are further estimated to fuel the demand over the forecast period. The inclination of firms towards cloud computing, demand for sensitive data protection, high data volume requirements has led to increase in the demand of encryption software.

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Verticals such as BFSI and healthcare are required to comply with stringent regulations set by authorities such as the PCI, HIPPA and DSS who have formulated data security solutions which has led to application of security solutions all over the world. Intellectual properties of enterprises and users have become prone to infringement and theft on account of increase in usage of internet and rapid digitization. These risks make companies implement the security solutions. Protection provided to the sensitive data and intellectual properties of enterprises is expected to drive the market over the next few years.

However implementation of such solutions which are fairly expensive can cause challenges in the fields of budgets. Furthermore, application of these provisions is considerably time-consuming and complex, though the kind of security and safety provided balance-out the challenges such as time-consumption.

Due to well-established telecom and IT sector, North America consumed a major share. Generation of huge amounts of data that needs to be protected was the major reason behind this hiked consumption. Furthermore, increased usage of personal computers and the internet are expected to raise the demand of encryption software over the forecast period.

"Cloud encryption to witness substantial growth over the forecast period"

By 2024, the segment that is expected to witness a growth at CAGR of 19% is the cloud computing segment. Data storage being major resource of information for industries such as retail, finance and banking has caused them to incline toward cloud computing. Flexibility and scalability offered by these solutions are the main reasons for the adoption of encryption software.

At the same time with the increase in adoption of cloud computing, the need to protect the data has also escalated. Additionally, the propagation of expert data analytics has caused raise in the rate of internet usage leading to increased use of cloud encryption software. The regulated standards are set owing to the increase in the rate of growing cyber-attacks and mobile-theft.

"BFSI dominated the application segment"

BFSI segment in 2015 captured considerable market share consuming over $600 million and is expected to grow at CAGR of 15 % by 2024. Sudden spike in the number of cyber-attacks and the ever changing nature of the industry has resulted into increase in demand of security of financial data that is sensitive from theft and infringements by lowering risks and maximizing returns. The growth in adoption of cloud technologies in banking sector is expected to drive the market for next few years.

Traditional data transfer techniques such as DVDs, email and other data transfer techniques are adopted by banks for transferring the data which are highly risky keeping in mind the level at which the infringers operate. Increase in demand of such software is expected due to implementation of such techniques. Furthermore, rise in dependency on the online method of banking and the need to protect the transactions will fuel the need of encryption software over the forecast period.

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"Asia Pacific to experience robust growth; China exhibits growth potential"

In 2015, the Asia-Pacific region accounted for $500 million which is expected to increase due to organizations shifting to cloud storage facilities due to their incapacity to develop data storage infrastructures, which will surely increase the risks of losses of data, infringements and thefts escalating the demand. Countries like China and India have tremendous rate of development manufacturing sector as well as IT and telecom sector which will drive the market in the forecast period.

"The encryption software market fragmented in nature"

The key players in the market are firms like Microsoft Corporation, Cisco Systems, Symantec, EMC Corporation, Bloombase, Sophos, IBM Corporation, Intel Security and Trend Micro. These firms offer solutions to both large scale businesses and small & medium scale businesses at the same time focusing on the research and development of newer techniques of cryptography to provide optimum solutions to the clients.

Market Segment:

Deployment Outlook (Revenue, USD Million, 2013 - 2024
• On-premise
• Cloud-based

Application Outlook (Revenue, USD Million, 2013 - 2024)
• Disk Encryption
• File/Folder Encryption
• Database Encryption
• Web Communication Encryption
• Network Traffic Encryption
• Cloud Encryption
• Others

End-Use Outlook (Revenue, USD Million, 2013 - 2024)
• BFSI
• Healthcare
• Retail
• Government & Public Administration
• Telecom
• Defense & Aerospace
• Education
• Manufacturing

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Regional Outlook (Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa