Warehouse Management Systems Market to touch US$ 6,184.3 Mn by 2027

According to a new market report published by Transparency Market Research entitled “Warehouse Management Systems Market (Component – Software and Services; Software – On-premise and Cloud; On-premise – Labor Management Systems, Analytics and Optimization, and Others; Cloud – Labor Management Systems, Analytics and Optimization, and Others; Services – Consulting, System Integration, and Operations and Maintenance; Application – Retail, Electronics, Food and Beverage, Pharmaceutical, 3PL, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2027,” the global warehouse management systems market was worth US$ 2,114.0 Mn in 2019 and is expected to reach US$ 6,184.3 Mn by 2027, expanding at a CAGR of 14.4% from 2019 to 2027.

The global market for warehouse management systems is driven by technological developments, rising adoption of cloud based warehouse management systems, increased demand from the health care and retail sectors, and strong demand from the Asia Pacific region. The expanding application areas of warehouse management systems along with improved functionality is also generating high demand for warehouse management systems specifically in Europe and the North America region. On the other hand, the warehouse management systems market is hampered by requirement of high initial investment cost for the deployment of on-premise WMS system and lack of ICT infrastructure and system scalability. However, the growing demand for cloud based WMS to reduce operational cost and growing e-commerce market is anticipated to present several growth opportunities over the forecast period.

On the basis of component, the market is segmented into software and service. The software segment further based on the deployment type covers, on-premise and cloud based software. Further, on-premise and cloud based software segments are each categorized into labor management systems, analytics and optimization, and others which includes 3PL billing and yard management. In 2018, on-premise warehouse management software was dominating cloud warehouse management software, however, the industry is observing a phase of change where most of the users are moving from on-premise to cloud solutions.

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On the basis of services, the market for warehouse management systems is segmented into consulting, system integration, and operations and maintenance. In 2018, the operations and maintenance segment held the largest revenue share of around half of the overall warehouse management services market and is expected to maintain its dominant position during the forecast period. Moreover, this segment is also expected to expand at the highest CAGR in terms of revenue during the forecast period from 2019 to 2027.

Based on applications, the global warehouse management system market is segmented into retail, electronics, food and beverage, pharmaceutical, 3PL, and others which includes books and publishing, and home improvement. Third party logistics (3PL) segment is expected to be primary adopter of warehouse management systems in near future. This is owing to third party logistics looking forward to changing their customer experience with the adoption of cloud based warehouse management system.

Geographically, in 2018, Europe is the largest market for warehouse management systems among other regions. Moreover, Asia Pacific is expected to witness the fastest growth during the forecast period. Countries such as India, China, Korea, and Japan are expected to be at the forefront of warehouse management system adoption due to increased technological investment in the region.

Some of the major players in the global warehouse management systems market with the most significant developments are HighJump Software, Tecsys, Inc., Infor Inc., JDA Software Group, Inc., LogFire Inc., Made4net LLC, Manhattan Associates Inc., Oracle Corporation, Reply, SAP SE, Softeon, Inc. and Synergy Logistics Ltd.

Data Broker Market Scope, Size, Share, Trends, Forecast by 2026

Transparency Market Research (TMR) in one of its latest market study reveals the global data broker market to be intensely competitive. Savvy players are actively focusing on to offer customized solutions in order to best serve the requirements of their clients.

Key names in the global data broker market include Experian plc., Oracle Corporation, TowerData Inc., Fair Isaac Corporation, Thomson Reuters Corporation, IBM Corporation, Acxiom Corporation, TransUnion LLC, PeekYou LLC, Datasift Inc., Nielson Holdings Plc, HG Data Company, CoreLogic Inc., H.I.G Capital LLC, Bloomberg L.P., Moody’s Corporation, Ignite Technologies Inc., Qlik Technologies Inc., Equifax Inc., Lifelock Inc., Alibaba Group Holdings Limited, RELX Group plc, Wolters Kluver N.V., and HIS Markit Morningstar Inc.

According to estimates presented by the TMR report, the global data brokers market will clock an impressive 11.5% CAGR for the forecast period between 2017 and 2026. In terms of data category, the demand for consumer data is estimated to contribute more than one-third revenue share of the overall market by the end of 2026. In terms of end-use sector, the BFSI segment holds the leading revenue share and is anticipated to register an above-average growth in the upcoming years. Geography-wise, North America is anticipated to dominate the data broker market over the 2017-2026 forecast period.

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Advantages of Insights into Customer Purchasing Behavior a Boon for Market

Today, the incessant use of mobile devices have led to generation of vast amount of consumer data that can be used for business advantage. Enterprises are striving to scrutinize the bulk data that is generated from digital and non-digital peripherals for devising new marketing strategies. In particular, customer-facing businesses are leveraging data analytics to understand trends, consumer behavior, growth opportunities, and purchasing patterns. The task, however, is quite complicated and requires external assistance to be carried out. Data broker products are increasingly being adopted to carry out complex analysis of massive volume of data.

Moreover, moderate regulations that oversee data protection stipulations allow a freehand collection, thus, enable easy buying, selling, and exchange of vital customer data. The scrutiny of this data enables organizations to better formulate marketing strategies and identify potential customers. This is leading to a strong demand for data broker product and services. Data brokers perform the arduous task of data collection from an array of sources, which is later scrutinized to deduce useful analytics. Businesses are purchasing consumer data to obtain information pertaining to customers’ interest areas that reveals his/her purchasing behavior. The data collected by data brokers is not only used to obtain vital customer data but also for tracking potential customers and operation management. This, in turn, will positively influence the global data broker market.

Risk of Compromising Vital Consumer Data Restrains Growth

Although the information fetched by data brokers are typically used for business innovation and for improved customer experience, it draws criticism for intruding into customer privacy. Consumer data may include customer’s email id, contact details and monitoring customer’s online and offline Internet activity. Policy makers and consumer groups remain highly critical of data collection using data brokers and services. Data broker practices have been under the radar lately as they are associated with surging spamming activities and spread of unsolicited promotional messages.

The review presented is based on the findings of a TMR report, titled “Data Broker Market (Data Category-Consumer, Credit, Government, Technical, Real Estate, Education & Training, Product & Services, Risk Management, Other; Data Types-Unstructured Data, Structured, Custom Structure Data; Pricing Model-Subscription Paid, Pay per Use Paid, Hybrid Paid Models; End Use Sector-BFSI, Retail and FMCG, Manufacturing, Media, Government Sector, Other Sectors) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026.”

Stadium Security Market - Comprehensive Industry Report Offers Forecast and Analysis on 2017-25

The global stadium security market has been prophesied in a report by Transparency Market Research (TMR) to find leading players taking to the adoption of partnerships, collaborations, product development, and mergers and acquisitions to secure stronger shares in the coming years. For instance, a leader in seating system solutions, VDL has recently shaken hands with GP Smart Stadium in a business partnership. The partners would be working toward achieving the goal of successfully deploying modern systems in Iraq’s Basrah International Stadium. The market also includes other prominent names of the industry, viz. Avigilon, AxxonSoft, and Genetec.

By the completion of 2025, the global stadium security market has been projected by TMR to reach a valuation of US$20.20 bn while posting a 12.74% CAGR for the forecast tenure 2017-2025. In 2016, the market had been valued at a US$6.94 bn. By sales channel, it could witness the rise of channel partner collecting higher revenue of US$10.95 bn. On the basis of region, North America has been prognosticated to expand at a whopping CAGR of 13.65%

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Fears of Terrorism Looming Over Public Events Necessitate Stadium Security

Worries about the possibility of reoccurrence of terrorist attacks on large gatherings, especially during sports events, have been anticipated to increase the demand for stadium security. In 2017, the Manchester Arena bombing injured over 500 people and killed 23, including the attacker. Currently, almost every large stadium around the globe has been well-equipped with advanced systems such as intrusion alarms, metal detectors, fire alarms, access control systems, and CCTV cameras.

Stadium owners have been observed to shell out colossal amounts of funds on security systems. Managing misbehaviors of attendees or their sudden outburst due to certain reasons could be a gigantic task to see through. However, with proper stadium security solutions in place, authorities could maintain a positive environment within the arena.

Poor Investment Owing to Dearth of Funds Stunts Development of Some Stadiums

There are still a few stadium owners who lack sufficient funds to maintain security inside and outside the arena. This could also percolate to investments made by owners, causing them to run low as a result of it. Furthermore, indigenous infrastructure of stadiums has been foretold to cause problems to complement smart technologies.

However, increasing frequency of sports events organized in different parts of the world and crowds of enthusiasts attending them could continue to raise the demand for stadium security at a sharp rate. Prompt response promised by security agencies during emergencies or untoward events has been expected to further surge the demand in the near future. After all, providing one-of-a-kind experience and ascertaining the security of visitors are of prime importance in the eyes of stadium authorities.

The information presented in this review is based on a TMR report, titled “Stadium Security Market (Component - Hardware (Access Control System and Video Surveillance System), Software (On-premise-based and Cloud-based), and Services (Installation and Maintenance); Sales Channel - Channel Partners and Direct Sales) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”

Neural Network Software Market is Expected to Reach US$26,021.1 mn by 2025 - TMR

The global neural network software market seems to be consolidated, as key players hold substantial number of share in the global market. Leading players in the market are engaged in research and development activities that will help in strengthening their position in the market. They are also diversifying their product offerings to compete strongly against their competitors and expand their presence in different geographies. For instance, a new research published by Google elaborates on how neural network works. This research will help the company to develop better understanding about the abilities and working of neural networks. 

In this report, analysts have considered few top players operating in the global neural network software market. It includes Microsoft Corporation, Oracle Corporation, Google Inc., SAP SE, IBM Corporation, Intel Corporation, and QUALCOMM Incorporated. 

Based on the statistical information given by Transparency Market Research, the global neural network software market is expected to reach US$26.02 bn by the end of 2025. In 2016, the market earned US$4.02 bn. Over the course of eight years from 2017 to 2025, the global neural network software market is expected to progress at staggering 22.9% CAGR. 

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Among a large number of industries, the demand for neural network software is high in BSFI sector. Neural network software helps in tracking and monitoring risk associated with transactions carried out in the banking sector. Moreover, the growing demand for these solutions in the retail & e-commerce industry in emerging economies is also expected to fuel growth in this market. With respect to geography, North America held largest share in 2016 and is likely to dominate in the forthcoming years. Growing demand from the automotive industries and the presence of a large number of players are the key factors driving growth in this market. Additionally, Asia Pacific also has higher chances of growth due to the high adoption rate of neural network software in countries like India, China, and Japan 

Growing Application in Various Industries to Increase Growth Prospects for Neural Network Software 

Rising application of neural network software in various industries including BFSI, healthcare, government & utilities, manufacturing, oil & gas, retail & e-commerce, and telecom and IT is one of the major factor driving demand in the global neural network software market. Another significant factor is changing ways to tackle problems in different is evolving. The neural network helps in detecting anomalies and helps in avoiding future problems, which makes it more appropriate to be used in different industries. 

Adding further, neural networks can be reliable and effective in predicting further trends in the banking and finance industries and helps in analyzing future trends. It also has a higher demand in the logistics and defense industries, as it will help in making an accurate and quick determination of alternative routes and strategies for delivery and transportation. 

Dearth of Expertise Obstructing Growth of Neural Network Software  

Despite all the favorable conditions, there are few factors that might restrict growth in the global neural network software market. One of the major concern is the lack of trained and experienced operators that can help in easy adoption and implementation of neural network software. Additionally, the high cost of software along with complexities of maintaining this software are also likely to deter demand in this global neural network software market. On the other hand, increasing demand for predicating solutions and availability of analytical tools and spatial data might assist in overcoming these challenges and push growth in this market. 

The study presented here is based on a report by Transparency Market Research (TMR) titled “Neural Network Software Market (Software Type – Data Mining and Archiving, Analytical Software, Optimization Software, and Visualization Software; Industry Verticals – BFSI, Government & Utilities, Healthcare, Oil & Gas, Manufacturing, Telecom and IT, and Retail & E-commerce) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”. 

Outbound Telemarketing Market to touch US$12,201.4 mn by 2025 | TMR

The growing relevance of client communications has played an integral role in driving demand within the global outbound telemarketing market. Companies and organizations thrive on their ability to retain customers, while reaching out to potential and new customers. In this scenario, outbound telemarketing has become a core business strategy of global firms. Furthermore, the quest of these entities to give personalized experiences to consumers has led them to contact customers for feedback and promotions. Use of telephonic calls from a central unit in a company is used to accomplish several forms of communications with consumers. Therefore, the total volume of revenues in the global outbound telemarketing market.

Transparency Market Research (TMR), in its report on the global outbound telemarketing market, tabulates the CAGR of this market at 3.70% for the forecast period between 2017 and 2025. The steady pace of market maturity can be attributed to the emergence of new modes of promotion such as email marketing and inbound channels. The total value of the global outbound telemarketing market is set to reach US$12,201.4 mn by 2025, rising up from a value of US$8,848.9 mn in 2016. Use of telemarketing services in the retail industry could fetch fresh revenue for the market vendors.

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Use of Outbound Telemarketing Across Financial Institutes to Aid Market Growth

The finance and banking industries have engulfed several new technologies and methods for customer retention. Financial institutes dodge the pitfalls of weak marketing by placing direct calls to consumers and potential clients. Moreover, introduction of new products and software services in the financial sector necessitates dissipation of due information. Since outbound telemarketing is an economical mode of promotion, financial institutes and consultancies use this method for large-scale promotions. Availability of new credit schemes in banks has become a known trend to the masses. The ease of using outbound telemarketing to promote such schemes has also driven sales across the market.

Reluctance of the Masses to Take Promotional Telephonic Calls Could Hamper Market Growth

Despite the economic feasibility of using outbound telemarketing, companies are not assured of positive results from employing it for promotions. The reluctance of the masses to speak to customer care executives renders telemarketing unproductive and futile. Moreover, a large population of people use SPAM detectors to block calls from unauthorised entities or telemarketing channels. In order to reach out to customers, companies could be using private and untraceable numbers to prevent their calls from being blocked. Furthermore, the indispensability of outbound telemarketing across multiple industries shall continue to garner fresh revenues for the key vendors.

Some of the prominent players operating in the global outbound telemarketing market are Atento S.A., TeleTech Holdings, Inc., Concentrix Corporation, Arvato AG, Alorica Inc., MarketOne International LLP, and Teleperformance Group, Inc.

This review is based on TMR’s report titled, “Outbound Telemarketing Market (Application - BFSI, Consumer Goods & Retail, Consulting (Education and Job), IT & Telecom, Government, Manufacturing, Healthcare, and Life Sciences; Type - Business to Business and Business to Consumer) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.

Marine Big Data Market - Global Industry Analysis, Current Trends, Forecast by 2025

Considering big data analytics in the marine sector is an upcoming technology, the global marine big data market is poised to witness a highly competitive environment. As the market is at a booming phase, Transparency Market Research (TMR) forecasts strong growth for in a new study. “In order to emerge at fore, a majority of the market players are focusing on product differentiation,” said a lead TMR analyst. “In consequence of the same, companies are in keen on adding innovative functions to the products they offer,” he added. Besides this, the market players are keen on strategic collaborations through partnerships. This would help companies operating in the global marine big data market strengthen their foothold. TMR has identified Intertrust Technologies Corporation, Splunk, Inc., Teradata, BigOceanData, Datameer Inc., among others as some of the leading companies operating in the global marine big data market.

Impacted by strategies adopted by the key market players and various other factors, the global marine big data market is forecast to expand at a robust 21.5% CAGR between 2017 and 2025. At this pace, the market’s valuation will reach US$3,240.5 mn by the end of 2025. Based on component, service segment held larger share in the global marine big data market as compared to software packages as the former offers better affordability. Regionally, Asia Pacific held lead in the global marine big data market as the region boasts the presence of large shipping corporations in South Korea, China, Singapore, and Japan.

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Technological Advancements in Marine Sector Push Demand for Marine Big Data

Shipping is highly regulated and responsible nearly 3% of carbon emissions reported globally. Considering the high dependence of global trade, the shipping industry accounts for a significantly large share of the commercial demand. In the coming years, the industry is likely to navigate through various twists and turns and bear effects of climate change, upcoming regulations, technological advancements, and energy shortages. Also several technological developments are on card for the marine sectors on account of the advent of proliferation of the sensor technology. Against this backdrop, experts are of the opinion that the marine sector is likely to develop at a rapid pace in the coming years. This will in turn create lucrative prospects for the global marine big data market’s growth.

Ship intelligence will emerge as a driving future shaping lucrative prospects for the industry. A staggering volume of data is generated on a daily basis in marine sector. Furthermore, this data is generated from diverse sources and in diverse formats. Big data has therefore emerged as a key solution as it helps discovering correlations between various measurable or unmeasurable criteria. Results thus obtained enables determination of hidden trends and patterns.

Information Provided by Marine Big Data Considered Indispensable for Marine Sector

Marine big data provides forecasts regarding unforeseen hazards be it regarding climate or ecology and helps in decision-making. In addition, marine big data also provides valuable temporal and spatial information, besides data on water attributes such as density, salinity, temperature, and velocity. All these factors will help in growth of the global marine big data market in the coming years. As future of ship intelligence traverses beyond ultra-monitoring and nanotech, the market will welcome a fresh burst of opportunities. Experts are of opinion that in the coming years, bridges will focus on analyzing high level data to efficiently manage navigation and propulsions.  

Dock and Yard Management Systems Market to touch US$7,612.0 mn by 2025 | TMR

The increasing penetration of the global dock and yard management systems market has wooed several regional and global companies to expand their footprint worldwide. Besides this, the key market players are focusing on product differentiation and adding innovative edge to their products and technologies to upgrade their service portfolio. Through these strategies, various companies are aiming at establishing a stronger foothold in the global market. Other than this, the market is witnessing a fair share of partnerships, mergers, and acquisitions all conducted in an attempt to emerge at the fore, finds Transparency Market Research (TMR) in a new study. Also, Manhattan Associates, 4sight Solution, Descartes Systems Group Inc., C3 Solutions, Kelley Entrematic, Softeon, Zebra, Oracle Corporation, Royal 4 Systems, and Epicor Software Corp are identified as some of the leading companies operating in the global dock and yard management systems market.

According to TMR, the global dock and yard management systems market is likely to report a CAGR of 13.9% between 2017 and 2025. By the end of 2025, the market is forecast to reach US$7,612.0 mn, as compared to US$2,377.0 mn in 2016. Regionally, North America dominated the global dock and yard management systems market, gaining from the proliferation of cloud-computing technologies in the region. However, over the next couple of years, Asia Pacific is likely to be the fastest growing region. Among the key application segments, the market witnesses strong demand from the manufacturing sector. However, it was the transport and logistics sector that held the dominant share of 25% in 2016.

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Rising Demand for Time and Cost Saving Solutions to Boost Growth

The rising demand for cost and time saving solutions is the key reason behind growth witnessed in the global dock and yard management market. Over the last few years, technological advancements have steered the adoption of dock and yard management systems as they ensure accuracy in inventory and distribution centers and warehouses, in turn eliminating extra costs incurred in the processes. According to TMR, warehouse management systems (WMS) and transportation management systems (TMS) fuels labor utilization significantly, they increase floor space utilization by a minimum 10%, and improves shipping accuracy by 99%, hence saving cost and time alike. Furthermore, the market is likely to gain from globalization and the rising demand for TMS and WMS solutions. It will also gain from the growth witnessed in the e-commerce industry, which demands diligent and prompt delivery of goods ordered online.

Budgetary Constraints Could Create Hindrances

On the downside, lack of awareness about cloud-based solutions and involvement of high initial costs are key challenges that the market is witnessing. Owing to budgetary constraints and ROI concerns, the growth witnessed by the global dock and yard management systems market is compromised with to an extent. The market may also face hindrances due to lack of capabilities in scalability and system integration. Though recent technological advancements and the swiftly catching trend of bring your own device is expected to create lucrative prospects for the market’s growth in the coming years. Also implementation of cloud-based solutions facilitates management of services such as reverse logistics, inbound execution, to-store management, outbound execution, cross docking, and value added services providing efficient warehouse, transportation, and inventory management. As businesses realize these benefits, they are more likely to shift install dock and yard management systems.