IoT Security Market Report 2021 Size, Global Overview, Emerging Trends and Industry Outlook 2027

IoT Security Market Scenario:

Market Research Future (MRFR), in its latest IoT Security Market report, asserts that the market is poised to grow at a massive CAGR of 32.6% during the review period (2019-2025). BFSI, healthcare, and manufacturing sectors are increasingly shifting their traditional data storage methods to cloud-based data storage, thereby requiring high-security services. Also, increasing digital data transmissions via smartphones and evolving network services, namely 3G, 4G, create substantial market demand.

The IoT Security Market is garnering rapid traction across the globe. Market growth attributes to the spurting rise in demand for the latest security & authentication technologies in various information sensitive industries. Besides, the rising uptake of IoT securities in IT, BSFI, and telecom sectors create substantial market demand. Moreover, the high adoption of cloud-based technology by organizations and government agencies escalate market growth.

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Additionally, the high demand for IoT security services by the healthcare sector, alongside the increased digital technology growth that has increased vulnerability of data loss or cyber-attacks in telecommunications, boosts the market growth. IoT security market trends, such as the growing integration to enhance multi-factor authentication and access management & SSO services in eCommerce sectors, accelerate the growth of the market.

Global IoT Security Market – Segments

The report is segmented into five dynamics;

By Type          : Network Security, Endpoint Security, Solution Security, and Cloud Security.

By Solution: Identity Access Management, Device Authentication & Management, Secure Communication, Security Analytics, Trusted Identification, Data Encryption and Tokenization, and others.

By Technology: Facial Recognition, Iris Recognition, Fingerprint Identification, and others.

By Vertical      : Retail, Manufacturing, Healthcare, Transportation, Energy & Utilities, IT & Telecommunication, BFSI, and others.

By Regions     : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Global IoT Security Market – Regional Analysis

North America leads the global IoT security market. The largest market share attributes to the rapid deployments of IoT security solutions and services across the industry verticals for securing the IoT devices and sensors. Besides, the presence of a number of industry players and efficient agencies working against cybercrimes drive the market growth in the region.

Moreover, substantial technological advancements and investments implemented to secure IoT environments foster market growth. Rapid adoption of mobile and cloud applications in banking, IT & telecom, government, energy & utility services boost the market demand colossally. The US is a technologically advanced country and dominates the regional market due to large-scale implementations of IoT solutions, followed by Canada and Mexico, respectively.

Europe stands second in the global IoT security market. The market is driven by the increasing uptake of IoT security solutions in government establishments like cyber authorities & policies to protect confidential data. Additionally, the growing adoption of advanced analytics by small and large organizations to protect IoT data pushes regional market growth.

 Also, increased compromised security issues due to the rising adoption of BYOD policies and malicious software that propel the regional market growth, making sensitive information vulnerable. Furthermore, increased adoption of IoT devices and IIoT technology in the region substantiates the development of IoT security solutions. Rapidly developing countries like China and India lead the European IoT security market.

The Asia Pacific IoT security market is growing rapidly. Factors such as the increasing cyber-attacks in IT infrastructure impact the market growth in the region positively. Moreover, the rising demand for IoT solutions from the banking & financial services, media & entertainment, and manufacturing sectors increases market size.  The APAC IoT security market is forecasted to register the highest CAGR over the review period.

IoT Security Market – Competitive Analysis

Highly competitive, the IoT security market appears fragmented due to the presence of numerous well-established players. To gain a larger competitive share, innovation, mergers & acquisitions, and brand reinforcement remain key trends for these players. The market is likely to witness intensified competition with an increase in R&D innovations and M&A.

Major Players:

Players leading the global IoT security market include Symantec Corporation (US), PTC (US), Infineon Technologies (Germany), Check Point Security Software Technologies Ltd. (US), Trustwave Holdings (US), IBM Corporation (US), Gemalto NV (Netherlands), Cisco Systems, Inc. (US), AT&T Inc. (US), DigiCert (US), Trend Micro, Inc. (Japan), Intel Corporation (US), Verizon (US), Sophos Group (UK), and General Electric (US), among others.

Industry/ Innovation/ Related News:

October 12, 2020 --- ElevenPaths (Spain), a cybersecurity subsidiary of Telefónica, announced a global partnership agreement with a global leader in telecom analytics solution company Subex Ltd. (India) to deliver its IoT threats detection service globally. ElevenPaths offers disruptive innovation in cybersecurity to set up privacy and trust digital spaces. This global partnership agreement with Subex would enable ElevenPaths to deliver its IoT Threats detection service across the globe effortlessly.

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Self-Service Analytics Market Trends 2021 COVID-19 Impact Analysis, Business Opportunities, Top Players and Forecast by 2027

Global Self-service Analytics Market Analysis

The Self Service Analytics Market is projected to grow at a CAGR of 13% during the forecast period. As per the self-service technology market research report, the global market for self-service technology is projected to grow swiftly by US$32 billion by 2023.

According to analysts, developments in technology as well as increasing demand for automated machines will drive the market growth during the forecast period. The self-service technology market research report offers a comprehensive analysis of the global self-service technology market and its application, interface, and machine type segments. The complex IVR systems along with consistent need for updations are the elements that could influence the self-service technology market advancement throughout the forecast period. The self-service technology market research report by expert analysts is developed to assist organizations in the self-service technology market.

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Market Segmentation

The global self-service technology market has been segmented based on application, interface, and machine type. On the basis of application, the market for self-service technology is segmented based on banking, entertainment, food & beverage, healthcare, security & surveillance, transportation, retail, and others. Additionally, the market on the basis of interface, is segmented into interactive kiosk, online/Internet, video/CD, and telephone/IVR. The global market for self-service technology is also covered based on the machine type segment which is further split into ATMs, kiosks, and vending machines.

Major elements such as high maintenance cost could obstruct the self-service technology market growth. However, according to the self-service technology market research report, introduction of biometric security solutions along with advancements in wireless technologies will propel growth throughout the forecast period. The self-service technology market is set to register growth at a high CAGR owing to these key factors. The exploration of application, interface, and machine type segments along with regional markets has been given in the global self-service technology market research report. The research analysts studying the self-service technology market have put out market forecasts in the self-service technology market research report in order to support self-service technology market-based companies. The self-service technology market research report provides an extensive understanding of the self-service technology market based on the information and forecasts till 2023.

COVID-19 Impact on Self-Service Analytics Market at: https://www.marketresearchfuture.com/report/covid-19-impact-self-service-analytics-market

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for self-service technology are predominantly covered in the global self-service technology market research report. Country-level self-service technology markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level self-service technology markets are covered in the report. In Asia-Pacific (APAC) region, the country-level self-service technology markets covered are Japan, India, China, and others. The self-service technology market research report also explores the regional market for self-service technology present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The self-service technology market research report also covers regional markets from the rest of the world alongside self-service technology markets of Africa and the Middle East.

Competitive Landscape

Increasing demand for automated machines is presumed to drive the self-service technology market growth worldwide. The global self-service technology market could be challenged by lack of reliability in certain areas, nevertheless, organizations in the self-service technology market will carry the growth rate forward. The self-service technology market research report presents company profiles of major companies active in the self-service technology market globally. Furthermore, the global self-service technology market report offers an all-inclusive analysis of the market collected from the self-service technology market’s primary and secondary sources covering both decision makers and thought leaders. The self-service technology market research report highlights such key areas assisting businesses operating in the self-service technology market to build better growth strategies.

Industry News

Enlighten, the pioneer in technology and marketing solutions, has announced the launch of AdSuite, a new SBB self-service ad buying platform to better understand, access and connect cannabis consumers during their consumer journey. The all-in-one marketing platform of AdSuite enables advertising campaigns to be bought, administered and calculated fast and easily. In order to seamlessly power campaigns through different publicity platforms, Enlighten uses consumer and local data to give consumers a clear view of the success of any campaign, so that not only new customers are found, maintained and attracted but also informed decision-making can be made.

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Human Capital Management (HCM) Software Industry 2021 COVID-19 Impact Analysis, Competitive Landscape and Gross Margin Analysis till 2027

Human Capital Management Software Market - Overview

The global Human Capital Management Software Market is expected to exhibit a strong 9% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The study explores and assesses the influence of the COVID-19 outbreak on the global human capital management industry, including opportunities and challenges, drivers, and risks.

Human capital management is a collection of practices related to people resource management focused on the organizational need to provide specific competencies. These practices are implemented in three major categories: human capital management, workforce optimization, and workforce acquisition. Human capital management is an approach to employee staffing that identifies people as assets like human capital. In human capital management, the human capital’s current value can be calculated, and its future value can be enhanced through investment.

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Marker Dynamics

The study shows that the increasing demand for workforce optimization and mobile applications are driving the global human capital management market. Moreover, growing adoption of the cloud-based business model and rising demand for talent mobility are some of the factors expected to accelerate the global market for human capital management. Furthermore, the introduction of Artificial Intelligence into the human capital management system is likely to fuel market demand.

Market Segmentation

The global human capital management market has been segmented into components, deployment type, organization size, and end-user.

On the basis of components, the global human capital management market has been segmented into software solutions and services. The software solutions segment is further divided into workforce analytics, competency management, time and expense management, e-learning, e-recruiting, e-boarding, core HR, talent management, performance management, and payroll and tax. The study shows that, due to the growing use of e-recruiting solutions, many organizations have begun to implement such solutions for on-boarding, training, e-learning, candidate management, and selection management. Moreover, the services segment is further segmented into transformation services, implementation services, consulting services, support and maintenance, and others. 

Based on the deployment type, the global human capital management market has been segmented into the cloud and on-premise.

Based on organization size, the global human capital management market has been segmented into SMEs and large enterprises.

Based on end-user, the global human capital management market has been segmented into manufacturing, BFSI, IT/ITES, healthcare, transportation, government, and others.

Regional Analysis

The regional analysis of the global human capital management market is being studied for regions such as Asia Pacific, North America, Europe, and the Rest of the World.

The study shows that the North American region dominates the human capital management market due to increased internet penetration and technological advances. The research also indicates that cloud deployment is a driving force for the Asia Pacific region to develop significantly in the human capital management market by the forecast period. In addition to this, the growing acceptance of IT services is also driving the market for human capital management.

Key Players

The industry giants in the global human capital management (HCM) market are IBM (U.S.), SAP SE (Germany), Kronos Inc. (U.S.), Software AG (Germany), Workforce Software (U.S.), LinkedIn (U.S.), ADP LLC (U.S.), WORKDAY (U.S.), Ultimate Software (U.S.), Infor (U.S.), Oracle Corporation (U.S.), Talentsoft (France), Zenefits (U.S.), among others.

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Image Recognition Market 2021 Business Opportunities, Key Findings and Industry Outlook 2027

Global Image Recognition Market Scenario

According to Market Research Future (MRFR), the global Image Recognition Market is poised to create an exponential valuation by 2022, registering a modest CAGR during the forecast period (2016 to 2022). Businesses have started recognizing the benefits of the information from digitally collected images to improve customer experience and offer various new ways to approach customers. The growing need for digital transformations of businesses accelerates the market growth.

The global image recognition market is growing by leaps and bounds. Visual content is continually replacing the conventional technology of textual solutions. With rapid technological advances, technologies such as image recognition, facial recognition, and 3D object recognition provide superior solutions for security & surveillance, automotive safety, automatic driving & assistance, forensics & police investigations, biometric scanning appliances, healthcare, and e-commerce.

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Resultantly, the market growth primarily attributes to the rising uses of augmented and virtual displays in the automotive and 3D gaming sectors. Besides, increasing numbers of start-ups focused on augmented and virtual reality technologies drive the market's growth. The burgeoning healthcare sectors worldwide are cited as one of the contributing factors for the market. Moreover, the rising uses of image recognition technologies in medical image analysis escalate market growth.

Additionally, the growing demand from the virtual reality market and other stimulation products create huge market potential for image recognition products.  Furthermore, the growing need for high computation power and productivity propels the growth of the market. Conversely, technology providers face enormous underlying intellectual challenges in developing image recognition technology, which are projected to impede the market growth.

Nevertheless, increasing AI implementation would support market growth throughout the assessment period. Furthermore, the increasing usages of machine learning, deep learning, and natural language processing are estimated to substantiate the growth of the market.

Global Image Recognition Market - Segments

The report is segmented into five dynamics;

By Solution: Facial Recognition, Barcode/ Quick Response Code Recognition, Sensors, Object Recognition, Pattern Recognition Optical Object Recognition, and others.

By Deployment:  On-Premises and On-Demand.

By Component:  Hardware and Software.

By Application Areas:  IT & Telecom, BFSI, Healthcare, Hospitality, Retail Industry, Automobile, Aerospace, Defense, SME Organizations, and others.

By Regions                 : Americas, Europe, Asia Pacific, and the Rest-of-the-World.

Impact of COVID-19 on the Global Image Recognition Market at: https://www.marketresearchfuture.com/report/covid-19-impact-image-recognition-market

Global Image Recognition Market - Regional Analysis

The Asia Pacific region dominates the global image recognition market. The largest market share attributes to the high availability of low-cost smartphones and tablets. The emerging trend of using digital technology in China and India and rising foreign investments drive the regional market growth. Image recognition market trends, such as the increased implementations of the intelligent virtual assistant, favor the regional market's growth.

The presence of major technology providers offering advanced image recognition solutions boosts growth in the regional market. Moreover, the proliferation of digitization in businesses boosts the growth of the regional market. The rising adoption of AI and machine vision technology in large and SMEs to enhance operational performance boosts the regional market's growth.

North America stands second in the global image recognition market. The market growth is attributed to substantial investments transpired by key players in the development of AI technology platforms positively impact the growth of the regional market. Additionally, the implementation of machine vision in numerous industries substantiates the market growth.

Manufacturing and automotive sectors in the region drive the growth of the market. Furthermore, increasing implementations of surveillance analytics for user behavior tracking substantiate the image recognition market size. Increasing R&D investments and rising business digital transformation push the growth of the market demand in the region.

The Europe image recognition market is growing rapidly. Factors such as the presence of various notable players and large deployments of image recognition solutions across the industries boost the regional market growth. Moreover, the rising numbers of SMEs and large enterprises act as a major tailwind for the market's growth. Also, the high adoption of automation solutions used in the automotive and healthcare industries pushes the regional market's development.

Competitive Analysis

Highly competitive, the image recognition market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and products.

Major Players:

Players leading the image recognition market include Honeywell (U.S.), Jestec (LTU Technologies - Japan), Toshiba (Japan), Sharp Vision Software (U.S.), Itraff Technology (Poland), Qualcomm Technologies (U.S.), NEC (Japan), Panasonic (Japan), Hitachi(Japan), and Catchoom, among others.

Industry/Innovation/Related News:

November 10, 2020 ---- Three of the world's leading providers of image recognition and visual search technology – US-based Slyce, Spain-based Catchoom, and Austria-based Humai announced an agreement to merge and form one company focused on part recognition. Apart from creating a Breakthrough Suite of Part Recognition Solutions - Partium, the business would offer parts identification solutions for industrial and retail environments.

Each company has developed compelling and complementary offerings for part recognition. For instance, Humai is a leader in spare part recognition for industrial and manufacturing industries. Similarly, Slyce is the leading provider of visual search technology for retail clients. Catchoom is the leader in large-scale image recognition and AI-based solutions for enriching product metadata.

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Natural Language Processing (NLP) Market 2021 Size, Share, Industry Trends and Business Methodologies till 2027

Global Natural Language Processing Market - Overview

The global natural language processing is growing continually. The market growth attributes to the increased adoption rate of NLP technology across various industry verticals. Besides, the growing demand for M2M translation and increasing application areas of NLP drive the growth of the market. Moreover, the increasing usage of machine learning, deep learning, and natural language processing escalate market growth.

According to Market Research Future (MRFR), the global Natural Language Processing Market is poised to grow at 24%CAGR throughout the forecast period (2017 to 2023). With the increasing volumes of data generated each day, the need for high computation power, cloud-based services, and advanced algorithms are growing rapidly. Increasing artificial intelligence (AI) platforms to analyze the enterprise data increased the natural language processing market size.

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AI uses adaptive learning and computer vision techniques and offers detailed insights to help enterprises with better management decisions. Additionally, increasing demand for NLP technologies in brand building substantiates the growth of the market. The latest market trends, such as growing demand for customer-driven solutions, adaptive NLP, and forecasting models to build AI solutions that unlock actionable insights hidden in unstructured and structured data, influence the market growth.

Furthermore, increasing deployments of natural language processing models with artificial intelligence (AI) by researchers, business analysts, data science teams, and portfolio managers substantiate market growth. Also, the increasing needs of businesses to cut operational costs, generate better risk, and investment insights to experience 24x productivity gain increases the demand for industry-leading NLP solutions. Many organizations use adaptive NLP and forecasting features to build and deploy AI solutions.

On the other hand, complexities associated with the development of NLP are the major factors projected to impede the growth of the market. Nevertheless, increasing AI implementation in the media & entertainment sectors would support market growth throughout the review period. Also, the growing competition across the industries and growing emphasis on business intelligence boost the development of the market.

Impact of COVID-19 on the Global Natural Language Processing (NLP) Market at: https://www.marketresearchfuture.com/report/covid-19-impact-natural-language-processing-market

Natural Language Processing Market - Segments

The report is segmented into six dynamics:

By Technology            : Auto-Coding, Text Analytics, Optical Character Recognition (OCR), Interactive Voice Response, Speech Analytics, Pattern & Image Recognition, Speech Analytics, and others.

By Type                      : Rule-Based NLP, Statistical NLP, and Hybrid NLP.

By Service                   : Integration, Consulting, and Maintenance Services.

By Deployment           : On-Premise and On-Demand.

By Vertical                  : Healthcare, Retail Sector, Media & Entertainment, Manufacturing, and others.

By Regions                 : Asia Pacific, Americas, Europe, and the Rest-of-the-World.

Natural Language Processing Market - Regional Analysis

North America dominates the global natural language processing market. The largest market share attributes to the presence of a large number of NLP vendors in the region. Besides, the increasing adoption of advanced NLP technology in various industry verticals drives the growth of the regional market.

Moreover, the rising penetration of IIoT devices substantiates the market growth in the region. Substantial investments in R&D for the development of natural language processing technology increase the size of the natural language processing market.

Europe stands second in the global market. The market growth attributes to the presence of various notable players and large deployments of NLP platforms. The high adoption of NLP technology across the rapidly growing industry pushes the development of the regional market.

Additionally, the rising numbers of medium and large enterprises act as a major tailwind for the growth of the regional market. Substantial investments transpired by key players in the development of NLP platforms positively impact the growth of the regional market.

The natural language processing market in the Asia Pacific region is growing rapidly. Factors such as the increasing adoption of NLP technology and cloud deployment boost the growth of the regional market.

Furthermore, massive uptake of language processing technology in increasing numbers of large and SMEs to enhance customer satisfaction and operational performance boosts the regional market growth. India and China are the major markets for NLP technology in the region.

Natural Language Processing Market - Competitive Analysis

Highly competitive, the NLP market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players as these strategies support their growth and expansion plans.

Major Players:

Players leading the NLP market include 3M Co. (US), IBM Corporation (US), Hewlett-Packard Co. (US), Oracle Corporation (US), Apple Inc. (US), Microsoft Corporation (US), SAS Institute Inc. (US), Dolbey Systems Inc. (US), Verint Systems Inc. (US), and Net base Solutions Inc. (US), among others.

Industry/Innovation/Related News:

September 22, 2020 ---- Accern Corporation (the US), a leading global software company, announced the strategic data partnership with a US-based IT service management company Crux Informatics Inc. The partnership would allow the company to deliver data to consumers faster, more efficiently, and cost-effectively.

Combining Accern's industry-leading, AI-powered data sets with Crux's world-class data-delivery and operations services, financial service enterprises can now access Accern's AI-generated analytics through a streamlined process and with a flexible delivery range of API to Cloud Warehouse formats. Accern Corporation is a no-code artificial intelligence (AI) leader that allows technical and non-technical users to build AI-powered solutions.

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