IT Operations and Service Management Market- Public Cloud Adoption will be a Pivotal Trend for Growth

As organizations become decidedly clearer about investing in more agile IT infrastructure, players in the IT operations and services management (ITOSM) market are compelled to be highly responsive to this change, a new report by Transparency Market Research finds. To this end, the change in the ITOSM competitive landscape is already evident.

The future of IT operations and service management will increasingly be defined by the sharp focus on an unmatched end-user experience and customer satisfaction – the two proven ways of ensuring that key accounts stay with the service provider.

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Large Companies Leverage Deeper Vertical Presence while Smaller Players Trying to Gain More Ground in ITOSM Market

TMR observes that while tier 1 companies such as BMC Software Inc. are seeking out new avenues to strategically expand their end customer solutions portfolio, others such as HP Inc. are betting on performance management, cloud computing, and analytics to gain a competitive edge. The wider geographical presence of large companies and their presence in ancillary verticals such as cloud management is enabling them to move full steam ahead in the ITOSM space.

“The game plan for tier 2 companies, however, will be slightly different considering they do not enjoy the same regional presence as their larger contemporaries. The next few years will see more tier 2 companies venturing into partnerships and M&As to gain more ground in the ITOSM market,” says a TMR analyst. Tier 2 companies are expected to earmark more funds in expansion activities to compete more fiercely in the coming years. In terms of product portfolio, it is the tier 1 companies that boast wider offerings because of their key clients being small and medium enterprises scattered across various industries.

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Public Cloud Adoption will be a Pivotal Trend for Growth

According to TMR, public cloud adoption will steer the growth of the IT operations and service management market. The Cisco Global Cloud Index 2014, for instance, reveals that public cloud workloads will rise at a 44% CAGR between 2014 and 2019. In comparison, the workload increase in private cloud workload will be 16% in the same period. As more data shifts to the mobile and handheld devices such as tablets and smartphones, cloud storage solutions will be in high demand. As the cost of on-premise ITOSM spirals, more companies will shift toward cloud-based ITOSM in a bid to reduce OPEX and CAPEX.

Intelligent Virtual Assistant Market was worth US$627.7 mn and is projected to reach a value of US$7.9 bn by the end of 2024

The global intelligence virtual assistant market is highly fragmented in nature with a presence of a large number of players operating in it across the globe, states a new market research study. Some of the key players in the market are IntelliResponse Systems, Nuance Communication Inc., Next IT Corporation, and Creative Virtual Ltd. The key players in the market are focusing on the development of new products, which is likely to expand the product portfolio is expected to encourage the growth of the overall market in the next few years. In addition to this, the growing research and development activities and innovations in the market is predicted to enhance the level of competition in the next few years. The entry of new players is another key factor likely to accelerate the market growth throughout the forecast period.

According to the market research study by Transparency Market Research, in 2015, the global intelligent virtual assistant market was worth US$627.7 mn and is projected to reach a value of US$7.9 bn by the end of 2024. The market is expected to register a noteworthy 32.80% CAGR between 2016 and 2024.

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North America to Lead Global Intelligent Virtual Assistant Market

The global intelligent virtual assistant market has been classified on the basis of geography into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. Among these segments, North America is anticipated to account for a large share of the global market in the next few years and continue its dominance throughout the forecast period. The presence of a large number of multinational organizations is one of the key factors estimated to accelerate the growth of the North America market in the coming years. Furthermore, Europe is anticipated to register a significant growth in the coming few years. The Asia Pacific market is also projected to witness high growth in the next few years.

The global intelligent virtual assistant market has further been classified on the basis of technology, among which the speech recognition segment is estimated to witness healthy growth throughout the forecast period. This segment is expected to offer potential growth opportunities for the market players, which is further predicted to enhance the growth of the overall market in the coming few years. On the basis of application, the website segment is expected to witness healthy growth in the coming few years and is estimated to remain in the leading position in the near future.

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Aerostat Systems Market- Aerostat Systems Deemed Far Superior to Surveillance Aircraft Systems

A majority of the presence of key players in the global market for aerostat systems is located in North America and Europe. These regions have consistently shown a high interest in surveillance strategies and the implementation of effective and long-term defensive tactics.

The presence of players such as Lockheed Martin Corporation, Aerostar International, Inc., and RosAeroSystems International has had a tremendous effect in boosting the demand for aerostat systems in these regions while simultaneously creating a high rate of product and material development for the same.

As per a research publication released by Transparency Market Research, the global market for aerostat systems is extremely consolidated with only a handful players taking up large chunks of the market value. Most of these companies directly cater to the defense sectors of various regions, which is the leading consumer of aerostat systems.

Most of the demand for aerostat systems by the defense sector is issued in tenders and handled by the more prominent players.

The global market for aerostat systems is expected to be valued at US$4.64 bn by the end of 2016 and US$10.10 bn by the end of 2023. This revenue is expected to expand at a CAGR of 13.8% within a forecast period from 2015 to 2022.

By the end of 2022, the military sector is expected to generate a demand for aerostat systems valued at US$7.01 bn, making it the dominant application segment of aerostat systems till then. The military sector is also the leading application segment in terms of demand expansion, showing a CAGR of 14.0% from 2015 to 2022.

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North America Retains Leading Consumption Rate of Aerostat Systems

North America, owing to its strong demand for aerostat systems from the defense sectors of the U.S. and Canada, is currently the dominant region in the usage of aerostat systems. This region is expected to remain the dominant one till 2022, at which time it is expected to reach US$2.73 bn in aerostat systems revenue.

On the other hand, Asia Pacific is expected to show the faster CAGR of 16.2% from 2015 to 2022, owing to growing border control efforts and surging investments in national defense agencies.

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Aerostat Systems Deemed Far Superior to Surveillance Aircraft Systems

“The inherent advantages that aerostat systems possess over conventional surveillance aircraft systems are enough to drive this market towards a satisfactory progress rate. The key advantage of using aerostat systems at the moment is their cost in comparison to aircraft and drone surveillance systems. That is because using aerostat systems reduces fuel consumption to such an extent that the over difference in expenses is massive,” states a TMR analyst.

Additionally, the lesser number of mechanical parts within an aerostat system also reduce the maintenance expenses of a user. This perfectly complements the lesser time taken to assemble and deploy an aerostat system as compared to drones.

Abundance of Alternatives Impede Demand Growth of Aerostat Systems

Despite all its benefits, aerostat systems face a stern competition from alternative systems such as unmanned aerial vehicles and airships. Airships for instance are quite similar to aerostat systems, except for the fact that they possess propellant engines and can therefore give better mobility.

On the other hand, users are beginning to prefer UAVs despite their cost, due to their high level of accuracy in surveillance and their ability to cover diverse proportions of areas.

“The future of aerostat systems lies in the use of next-gen materials. For example, high performance laminates are being tested that can drastically improve the ability of aerostat systems to operate under harsh weathers. Other developments include materials that can significantly reduce the weight of an aerostat system. These developments can considerably improve the standing of aerostat systems over their alternatives, thus increasing the demand for them,” adds the analyst.

Industrial Dispensing System and Equipment Market will exhibit a CAGR of 7.0% and will reach US$20.57 billion by the end of 2021

Transparency Market Research (TMR) has recently published a report on the global industrial dispensing system and equipment market detailing the growth trajectory and present status of the market. The report, titled “Industrial Dispensing System and Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”, is available on TMR’s official website for sale.

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According to the report, the global market for industrial dispensing systems and equipment, which stood at US$12.85 billion in 2014, will exhibit a CAGR of 7.0% and will reach US$20.57 billion by the end of 2021. The publication presents a holistic overview of the global industrial dispensing system market. It presents insights into the key factors driving the market as well as the factors likely to inhibit its growth until 2021.

Industrial dispensing systems and equipment are used for dispensing glues, chemicals, ink, liquid product, powder product, or other solvents. The products obtained through dispensing have several applications across large-scale industries such as automotive, pharmaceuticals, food and beverages, personal care products, and others, hence giving a significant boost to the global market for industrial dispensing solutions. The integration of automation in many industries is also aiding the development of the industrial dispensing system market across the world. Industrial dispensing solutions help industries improve their production efficiency, which is a primary factor fuelling demand from the market.

The industrial dispensing system market is anticipated to benefit substantially from the robust automobile production worldwide. Need for dispensing adhesives and liquids for manufacturing machine parts such as oil seals, wheel bearings, engine parts, and motors is fuelling demand from the industrial dispensing equipment and system market globally.

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Among the various end-use industries, the pharmaceuticals industry accounted for over 30% of the global industrial dispensing system market in 2014. Adoption of new technologies and rapid industrialization across the developing nations in Asia Pacific is anticipated to positively impact the growth of the industrial dispensing system and equipment market. Encouraged by the recovering economic situations in emerging markets and introduction of the latest technologies, the customers are now preferring automated dispensing systems more than manual filing and bonding. This is a crucial factor aiding the growth of the global industrial dispensing system market.

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Regionally, North America dominated the global industrial dispensing system and equipment market in 2014. The region is expected to continue its dominance through 2021. The report identifies the advances introduced in conventional dispensing systems and equipment in the region as primary factors boosting the robust development of the market in the region. Increasing consumer awareness and affinity towards novel technologies also aids the expansion of the dispensing systems market in North America, the U.S. being the most lucrative national market for dispensing systems in the region. Europe and Asia Pacific collectively held over 50% of the global industrial dispensing system market in 2014, each trailing North America closely.

Product Lifecycle Management (PLM) Market- Growing Adoption for Improving Production Efficiency to Propel Growth

Transparency Market Research (TMR) found the global product lifecycle management (PLM) market has presence of numerous local and international players, which is leading to make vendor landscape more fragmented and competitive. Some of the prominent players operating in the global product lifecycle management (PLM) market are Hewlett-Packard Company, IBM Corporation, Accenture PLC, Dassault Systems, and Autodesk, Inc. Also, the market is experiencing the entry of new players which is further intensifying the competition among key players. In order to stand alone in the cutthroat competition, the key players are trying to improve their products and add the advanced features in the systems.

According to a report by TMR, the global product lifecycle management market was valued at US$40.26 bn in 2014 and expected to attain a value of US$75.87 bn by the end of 2022. The market is expected to swell with a CAGR of 8.1% during the predicted years from 2015 to 2022. Based on deployment, the global product lifecycle management (PLM) market is dominated by the on-premise segment in 2014. Based on application, the aerospace and defense segment dominated the product lifecycle management (PLM) market in the year 2014. Based on region, North America accounted for near about share of 33% in 2014 owing to growing investment in research and development for product innovation coupled with the presence of numerous players in the region.

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Growing Adoption for Improving Production Efficiency to Propel Growth

PLM systems reduces the operational cost and enhance productivity by adopting the numerous methodologies and lowers firing in any organization. These advantages of the product are boosting adoption of the PLM across numerous industries which are further boosting the growth of the product lifecycle management (PLM) market.

The PLM system is experiencing robust demand from aerospace and defense and banking systems among other important applications. The emergence of the defense sector due to unstable political environment among numerous countries is boosting adoption of advanced techniques to ensure the safety of the nation is fuelling adoption of PLM and boosting the growth of the market. Additionally, PLM offers the information in a very systematic manner which is production and product design is boosting adoption of the PLM and likely to propel the growth of the market.

Additionally, growing need for innovative features in the PLM which is propelling adoption of the 

PLM and likely to drive growth of the product lifecycle management (PLM) market. In addition, numerous key players are increasingly offering newer features along with customization of systems to some extent which is further encouraging adoption of the PLM and likely to propel growth of the product lifecycle management (PLM) market.

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Premium Messaging Market- The Compatibility Of Text Messages On All Kinds Of Mobile Handsets And The User-Friendly Nature Of Text Messages

The market research study, titled “Premium Messaging Market – A2P SMS Market, P2A SMS Market: Global Analysis, Trends, Size and Forecast (2007 – 2017)”, presents a detailed overview of the global premium messaging market and presents a forecast till 2017. The report states that the market, which had a valuation of US$165.9 bn in 2011, reached US$236.9 bn in 2012, and US$1,134.2 billion by 2017, expanding at an unprecedented 36.6% CAGR between 2012 and 2017.

The rising use of mobile messages for a variety of marketing and communication activities by businesses and the continuously dropping prices of premium messages are some of the chief driving factors significantly impacting the global premium messaging market in a positive manner. Some of the other factors driving the demand for premium messaging services across the globe include the compatibility of text messages on all kinds of mobile handsets and the user-friendly nature of text messages. The widening popularity of social messaging services is, however, expected to restrain the market’s growth to some extent.

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The report segments the global market for premium messaging services into two broad categories: premium SMS and premium MMS. Of these, the market segment of premium MMS is currently the leading market segment, based on revenue as well as volume. The report states that the segment of premium MMS services will expand at the fastest pace over the report’s forecast period. The market for premium MMS services is expected to expand at an enormous 40.7% CAGR over the report’s forecast period. On the other hand, the market segment of premium SMS services, which accounted for a 86.2% share in the overall premium messaging market in 2012, is expected to rise to US$907.9 bn by 2017.

Both these segments are further segmented into the sections of application to person (A2P) and person to application (P2A) messages depending on the origin and destination of the messages. Of these, the market segment of A2P premium SMS accounted for a nearly 66% share in the premium SMS (PSMS) market segment in 2012.Geography-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Of these, the regional market of Asia Pacific led the global premium SMS services market in 2012. In 2011, the overall traffic for premium messages in this region was nearly 86 billion.

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Deep Packet Inspection Market- Growth In Data Processing Power

The global deep packet inspection market has highly fragmented landscape, observes Transparency Market Research (TMR). Some of the key players operating in the deep packet inspection market are Procera Networks, Inc., Allot Communications, Sandvine Incorporated, Bivio Networks, Inc., and Qosmos, among others. These key players are adopting product launch as the key strategy to enhance their market presence and improving product portfolio.

According to a report by Transparency Market Research, the global deep packet inspection market is expected to grow and reach a market value of US$3.8 bn by 2018 from a value of US$0.5 bn in 2012. Overall, the market is estimated to display a CAGR of 36.6% in the forecast period from 2012 to 2018. Asia Pacific accounts for the major share of the DPI market and this trend will remain the same till the end of the forecast period. The figure below highlights market growth across different end use segments from 2012 to 2018.

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Growing Demand for Safety Systems to Emerge as Key Growth Driver

DPI is a kind of surveillance technology that allows internet service providers (ISPs) to keep a track of the content produced over data packets in real time. DPI technology offers the best solution to deal with internet-related issues and cybercrimes all at once. With the increasing usage of internet-enabled devices such as laptops, smartphones, and tablet PCs, there has been a surge in cybercrimes and network traffic as well. These factors negatively impact the speed of devices and majorly take a toll on the quality of service, leading to several security issues. Hence, over the years, advancements in DPI technology have helped control, monitor, and secure network operations, making the cyber world safer.

The rising number of incidents of cyber threats, growth in data processing power, and substantial research and development and resultant technological advancements in DPI technology are some of the critical factors contributing majorly to the overall market.

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Conductivity of Many Substrates to Limit Adoption

The growing number of broadband users across the globe, constant pressure on service providers for providing better services, and increasing mobile device penetration are additional growth factors discussed comprehensively in the report. Through the rapid adoption of DPI technology, consumers are able to ensure data security and law enforcement and take effective measures against terrorism.

Despite of these growth prospects, there is still a lot of speculation about the actual benefits of DPI as opposed to invasion of privacy of the actual users. Privacy and net neutrality concerns remain some of the major restraining factors for this market.