Information and Communications Technology: June 2021

Wednesday 30 June 2021

5G Services Market Outlook 2021 Trends, COVID-19 Pandemic Impact, Competitive Analysis and Regional Forecast To 2027

According to Market Research Future (MRFR), the global 5G services market is projected to create a valuation of approximately USD 85.84 BN by the end of 2023, growing at 31.9% CAGR throughout the assessment period (2017 – 2023). The demand for expanded access to the unprecedented performance of 5G ultra wideband services is growing rapidly.

The global 5G Service Market is growing pervasively. Market growth attributes to the surging demand for reliable and ultra-latent connectivity services. Besides, the demand for high data speed and connectivity to revolutionize business models drives the growth of the market. Various megatrends of mobile services are affecting the global 5G service market. 5G connections with extremely high bandwidth are required for the seamless performance of IoT devices.

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Also, advances in 5G technology with game-changing speeds and nationwide 5G coverage substantiate market sales. Additionally, the shift in consumer preference from premise-based to cloud-based solutions positively impacts the growth of the global 5G service market. Increasing deployments of smart connected devices without the issues of latency push the market growth. Rising smart city projects worldwide propel the demand for 5G services.

Global 5G Service Market - Segments

The report is segmented into five dynamics;

By Service Type : Professional Services (System Integration, Network Planning & Optimization, Network Implementation, others) and Managed Services.

By Communication Type : Extreme Mobile Broadband (EMBb), Massive Machine-Type Communications (mMTC), Ultra-Reliable Machine-Type Communications (uMTC), Fixed Wireless Access (FWA), and others.

By Technology : Wi-Fi, High-Speed Package Access (HSPA), Radio Access Technologies (RAT), Worldwide Interoperability for Microwave Access (WiMAX), Global System for Mobile (GSM), and others.

By Vertical : Energy & Utilities, Automotive, Healthcare, IT & Telecommunication, Consumer Electronics, Industrial, Retail, and others.

By Regions : Europe, Americas, PAC, and Rest of the World.

Global 5G Service Market: Regional Analysis

North America dominates the global 5G service market. The region has been an early adapter of the 5G service network. The largest market share attributes to the presence of several notable 5G service providers rolling out 5G services much ahead of operators in other regions. The US, Canada, and Mexico hold considerable shares in the regional market. Besides, various telecom companies in the region and the rising uptake of the latest technologies, such as IoT, substantiate market growth.

Also, increasing smart city projects in the region boost market growth, promoting high-speed network performance requirements. Increasing numbers of subscribers and assessment of the allocation of 5G frequencies by the Federal Communications Commission (FCC) create substantial market demand. Moreover, the rise in application areas of 5G services in telecommunications fosters the market in this region. The US accounts for the key share in the regional market.

Europe stands second in the global 5G service market. This market is flourishing mainly due to the proliferation of smartphones and the resurging economy in the region. Rigorous R & D activities in the region and ongoing customer trials in countries such as the UK, Germany, and France positively contribute to market growth. Additionally, growing investments in the 5G service industry foster the growth of the regional market. Also, the presence of prominent players and their R & D investments propel the development of the market to an extent.

The Asia Pacific region is a promising market for 5G services. Increasing focus on improving connectivity and high investment in R&D activities in the region catalyze the growth of the 5G service market. Factors such as technical expertise, the strong presence of key players, and increased industrialization in the region boost the market growth.

Moreover, the rising demand for 5G services in emerging countries such as China, Taiwan, and India propels the growth of the regional market. Along with the ongoing initiatives and developments in 5G service, the large consumer base acts as a tailwind for the regional market growth.

Global 5G Service Market – Competitive Analysis

Highly competitive, the global 5G service market appears fragmented due to the presence of a number of major service providers. To gain a substantially larger market share, 5G Service providers adopt strategies such as mergers & acquisitions, collaboration, expansion, and product & service launch. Service providers make substantial investments in transforming the consumer and business landscape in the future.

Major Players:

Players leading the global 5G Service market include Samsung Electronics Co. Ltd., SK Telecom, LG Electronics Inc., Verizon Communications Inc., Cisco Systems Inc., Qualcomm Inc., Telefonaktiebolaget L. M. Ericsson, Saudi Telecom Company, Intel Corporation, BT Group, China Mobile, Huawei Investment & Holding Co. Ltd., Nokia Corporation, T-Mobile USA Inc., Telstra, NEC Corporation, DU, China Telecom, KT Corporation, Airtel, Sprint, Vodafone Group, Deutsche Telekom, and AT&T Inc.

Industry/ Innovation/ Related News:

October 19, 2020 ---- FreedomFi, an open 5G company offering the most straightforward path towards open-source Private LTE or 5G networks, launched the first open-source 5G network appliance enabling vendor-agnostic, private LTE or 5G networks. Cellular LTE networks offer superior range, reliability, and security over Wi-Fi.

However, it requires proprietary hardware from incumbent network equipment manufacturers, making them too expensive to build and maintain if deployed at a medium or small scale. Using Magma open-source software project, FreedomFi Gateway enables anyone to build low cost private, long-range, reliable, and secure networks.

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Energy as a Service (EaaS) Market Trends 2021 Growth Potential, Comprehensive Analysis and Forecast to 2027

Global Energy as a Service (Eaas) Market - Overview

The energy as a service (EaaS) market witnesses rising sales. The market growth attributes to advancements in grid infrastructure and the rising need to provide clean and highly efficient energy supply. Besides, substantial investments to provide clean energy services to residential, commercial, and government sectors drive the market growth. Moreover, increasing demand for efficient management of different energy portfolio escalates the market growth.

According to Market Research Future (MRFR), the global Energy as a Service Market is expected to create a valuation of approximately USD 51.8 BN by 2023, growing at 31.2% CAGR during the forecast period (2018–2023). Augmenting demand for energy supply, program management, energy use, and asset management boosts the growth of the market.

Major Players

Players leading the global EaaS market are EDF Energy (UK), Duke Energy (US), Edison International (US), Southern Company (US), Engie (France), Schneider Electric SE (France), Siemens AG (Germany), General Electric (US), WGL Energy (US), Orsted (Denmark), SmartWatt (US), Enel X (Italy), Bernhard Energy (US), Solarus (Netherlands), Enertika (Spain), and Contemporary Energy Solutions (US), among others.

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Besides, the increasing focus on providing demand for energy solution compiling federal policies and standards increase the size of the EaaS market. Additionally, the rising adoption of distributed energy resources (DER) and decarburization of the global economy foster the growth of the market. The spurting growth in the transportation sectors worldwide due to electrification, such as the proliferation of electric vehicles (EVs) and increased focus on sustainable energy, influence market growth.

Furthermore, advances in integrated distributed energy resources (iDER) push market growth, leveraging data analytics and artificial intelligence in the EaaS market. Conversely, high deployment cost to transform the existing grid infrastructure is a major factor projected to impede the market growth. Also, the lack of skilled expertise poses challenges to market growth. Nevertheless, increasing the deployment of microgrids worldwide would support market growth throughout the assessment period.

Energy as a Service Market - Segments

The report is segmented into three dynamics;

By Component : Solution (Energy Portfolio Advisory, On-Site Energy Supply, Off-Site Energy Supply, Building Optimization, Load Management & Optimization Solution, others) and Services (Infrastructure, Technical & Maintenance, other Support Services).

By End User : Residential, Government, and Industrial (large enterprises and small & medium enterprises).

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

Global EaaS Market - Regional Analysis

Europe dominates the global energy as a service market. The region is primarily focused on large-scale renewable technology deployment, such as offshore wind that augments the market demand. Besides, the largest market share attributes to the presence of energy service providers such as EDF Energy (UK) and Schneider Electric SE (France) and increasing adoption of renewable sources of energy consumption. Moreover, substantial investments in grid and transmission infrastructures boost the growth of the regional market.

North America is another lucrative market for energy as a service. The market growth attributes to rapid development, such as artificial intelligence and data analytics, and increasing the energy demand. Increasing government initiatives and utility-scale policy in the region support the growth of the market. Additionally, the strong presence of several notable players and advanced grid systems in the region drives the growth of the market. Furthermore, the rising trend of renewable energy generation systems in the residential sector and increasing demand for power substantiate the regional market growth.

Asia Pacific energy as a service market is growing at a rapid pace. Factors such as the continually growing demand for energy due to the ever-increasing population and rapid industrialization & urbanization fuel the regional market growth. Moreover, the increasing emphasis on the low-cost power generation boosts the development of the regional market. Widening uptake of advanced renewable technologies and microgrids across commercial & industrial sectors increases the regional market size.

Global Energy as a Service Market - Competitive Landscape

Highly competitive, the EaaS market appears to be fragmented due to the presence of several well-established industry players. These players initiate strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology launch to gain a larger competitive advantage.

Industry/Innovation/Related News:

September 23, 2020 ---- Eliq (Sweden), startup developing Customer engagement software, announced rising €5M in a Series A round of funding. The new funds would enable Eriq to bring more solutions to the market quickly. Moreover, the investment would help the company aggressively expand its sales and marketing efforts and accelerate product development in both Gothenburg and London. Eriq develops customer engagement software for energy suppliers, which use energy insights and self-service tools to drive engagement, satisfaction, and loyalty.

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Global Application Hosting Market 2021 COVID-19 Impact Analysis, Size, Share, Growth, Forecast, Key Findings, Competitive Landscape, In-Depth Analysis till 2027

Application Hosting Market - Overview

The requirement for cloud-based on-demand software is likely to reinforce the Application Hosting Market 2020 positively. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A revenue level of USD 82.17 billion is forecasted to be achieved with a CAGR of 13.4% in the forecast period.

The expansion of application hosting solutions is expected to influence the application further hosting market in the forecast period. Also, the need to safeguard data is anticipated to create positive traction for the growth of the application hosting market. The need for broad hosting solutions is predicted to further back the development of the application hosting market.

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Segmental Analysis

The segmentation insight into the application hosting market is segmented on the basis of hosting type, organization size, service type, region, application type, and vertical. Based on the hosting types, the application hosting market is segmented into colocation hosting, managed hosting, and cloud hosting. The segmentation of the application hosting market on service-type consists of application security, backup and recovery, application monitoring, database administration, and others. The application type based segmentation of the application hosting market includes mobile application and web application. On the basis of organization sizes, the application hosting market is segmented into small and medium enterprises & large enterprises. On the basis of industrial vertical, the application hosting market is segmented into IT & telecommunication, BFSI, retail & e-commerce, healthcare, manufacturing, media & entertainment, and others. Based on the regions, the application hosting market is segmented into Asia Pacific, Europe, North America, and the rest of the regions in the world.

Detailed Regional Analysis

The regional assessment of the application hosting market is segmented into regions such as Asia Pacific, Europe, North America, and the rest of the regions in the world. The North American region is recognized to have seen remarkable growth in the application hosting market. The US is the most critical country in the regional market due to the incidence of a huge number of solution suppliers in the region. Additionally, the Asia Pacific is anticipated to have vital growth in the application hosting market. The leading countries in the region are Japan, China, South Korea, and India. The application hosting market development is accredited to the progressing adoption of e-commerce websites such as Flipkart, Amazon, and others. Moreover, the APAC region is also likely to observe amplified investment to improve cloud infrastructure to enable the outsourcing of managed services.

Competitive Analysis

The stability of the economic state is expected to further lend to the favorable development in the global market strength. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets are expected to aid each competitor in the mart with their growth goals. The inducement of definite regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges.

The eminent contenders in the application hosting market are Spectrum Enterprise (US), IBM Corporation (US), Rackspace (US), Google LLC (US), Amazon Web Services (US), Microsoft Corporation (US), LiquidWeb (US), Sungard AS (US), DXC Technology (US), and Apprenda (US).

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Human Resources Management Software Market Share 2021 Global Size, Trends, COVID-19 Pandemic Impact, Analysis, Growth Rate and Segmentation to 2027

Market Highlights

The increasing incorporation of AI into human resource management software is likely to be a key trend in the global human resource management software market over the forecast period. AI is applied in various ways in human resource management, including screening applicants when they first apply, to tracking their applications and then helping to integrate them into the company’s workflow through digital walk-throughs and portals.

The global human resource management software market is expected to exhibit a robust 14% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global human resource management software market is analyzed in detail in the report, which presents a detailed outline of the market’s historical growth trends and further provides forecasts regarding the market’s likely growth trajectory over the forecast period. Leading players in the global human resource management software market are also profiled in the report to provide readers with a clear picture of the market’s competitive landscape.

Human resource management software has become a major component of the major corporate sector due to the growing demand for streamlined, centralized management of human resource management materials. The traditional stack of paperwork that represented human resource management jobs has been replaced in the modern world by online databases and artificial intelligence (AI), which has made the job of HR executives much easier and more streamlined. The centralized management of HR operations in human resource management software allows ease in cross-department operations, as all relevant data is stored on a single database. The automation of HR activities through human resource management software also eliminates the risk of manual error, thus making HR divisions more efficient and productive.

On the other hand, human resource management software developers are likely to focus exceedingly on the incorporation of robust security tools into the software in the coming years, as human resource management software presents a major security risk due to the large volume of personal employee information contained in the database. This is also likely to be a key factor in the human resource management software market’s growth over the forecast period.

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The market for human resource management software has been segmented on the basis of deployment, organization size, solution, service, vertical, and region.

By deployment, the market is segmented into on-premise and on-cloud deployment.

By organization size, the human resource management software market is segmented into small & medium enterprises and large enterprises.

By solution, the HR management software market is segmented into workforce management, sourcing and recruitment, applicant tracking system, talent management, and others.

By service, the market is segmented into integration & deployment, support & maintenance, training & consulting.

By vertical, the human resource management software market is segmented into BFSI, IT & Telecom, public sector, manufacturing, retail, healthcare, transportation & logistics, and others.

Regional Analysis:

North America is likely to dominate the global human resource management software market over the forecast period due to the growing adoption of AI and digital tools in the corporate sector in the region. Widespread availability of high-grade communications infrastructure and cloud support has also been a major driver for the human resource management software market in the region. Leading players in the global human resource management software market are also located in North America, further increasing the region’s promise.

Asia Pacific is expected to exhibit the fastest growth rate in the global human resource management software market in the coming years due to the growing demand for digital support to HR functions in the corporate sector in countries such as China, India, Japan, and South Korea.

Competitive Dashboard:

Leading players in the global human resource management software market include IBM Corporation, Cezanne HR Ltd., Accenture PLC, Ultimate Software Group Inc., Talentsoft, Automatic Data Processing LLC, Oracle Corporation, Kronos Inc., SAP SE, and Workday Inc.

In July 2019, ThinkHR and Mammoth HR announced a merger, with the combined company likely to utilize the individual specialties of each company and focus on expanding its product catalog to cater to end users in a wide range of industries.

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List of Figures

FIGURE 1 Global Human Resource Management Software Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Human Resource Management Software Market

FIGURE 4 Value Chain Of Human Resource Management Software Market

FIGURE 5 Share Of Human Resource Management Software Market In 2018, By Country (In %)

FIGURE 6 Global Human Resource Management Software Market, 2018–2023,

FIGURE 7 Global Human Resource Management Software Market Size By Deployment, 2018

FIGURE 8 Share Of Global Human Resource Management Software Market By Deployment, 2018 To 2023

FIGURE 9 Global Human Resource Management Software Market Size By Organization Size, 2018

FIGURE 10 Share Of Human Resource Management Software Market By Organization Size, 2018 To 2023

FIGURE 11 Global Human Resource Management Software Market Size By Solution, 2018

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Advanced Distribution Management Systems Industry 2021 COVID-19 Impact Analysis, Opportunity Assessment, Competitive Analysis and Forecast to 2027

Advanced Distribution Management Systems Market Highlights:

Advanced Distribution Management Systems (ADMS) refers to the distribution grid integrated with energy resources. The advanced ADMS functionality to integrate, automate, and optimize photovoltaic systems with energy storage through smart inverter control is a key component in a clean energy transition. The advanced distribution management systems market is garnering increasing traction globally.

The market growth attributes to substantial investments in fostering clean energy. Besides, current challenges related to the distribution grid and rising electric utilities drive the growth of the market. Increasing penetration of Advanced Distribution Management Systems Market in distribution grids escalates market growth. According to Market Research Future (MRFR), the global advanced distribution management systems market is expected to reach USD 2,146 MN by 2023, growing at 19% CAGR throughout the review period (2018–2023).

Additionally, rising advances in grid infrastructure technologies supporting the highly efficient energy supply boost the market demand. Also, the rising demand for clean energy and increasing government focus on integrating ADMS for efficient use of renewable substantiates the market growth. The increasing renewable power generation and growing government mandates & updated policies increase the market size. Growing complexities in the grid network push market growth.

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Global ADMS Market Competitive Landscape:

Highly competitive, the ADMS market appears to be fragmented due to the presence of several well-established industry players. These players initiate strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology launch to gain a larger competitive advantage.

Major Key Players:

Players leading the global ADMS market are General Electric Company (US), Schneider Electric SE (France), ABB Group (Switzerland), Cisco Systems, Inc. (US), Oracle Corporation (US), Siemens AG (Germany), S&C Electric Company (US), Advanced Control Systems (US), Survalent Technology (Canada), and Open Systems International, Inc. (US), among others.

Advanced Distribution Management Systems Market Segments:

The report is segmented into five dynamics;

· By Components: Hardware, Software (distribution management systems, outage management systems, energy management systems, network management systems, others), and Services (professional and managed services).

· By Deployment: On-Cloud and On-Premises.

· By Application: Supervisory Control & Data Acquisition System, Fault Location, Isolation, And Service Restoration, Volt/VAR Control Function, Distribution Network System, and others.

· By Verticals: Energy & Utilities, Defense & Government, Manufacturing, Transportation & Logistics, and others.

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

Advanced Distribution Management Systems Market Regional Analysis:

North America dominates the global advanced distribution management systems market. The largest market share attributes to the rising numbers of smart grid projects in the region. Besides, the increasing energy demand and government initiatives & utility-scale policy drive the growth of the market in the region. Moreover, the strong presence of several notable players and advanced grid systems in the region substantiate the growth of the market.

Also, factors such as the rising deployments of renewable energy generation systems in the residential sector and increasing demand for power foster the regional market growth. The US market leads the regional market, witnessing the demand for new technologies for grid management and optimization. The North American ADMS market is projected to retain its dominance throughout the estimated period.

Europe stands second in the global advanced distribution management systems market.

The market growth is driven by the strong presence of notable industry players and energy service providers in the region. Additionally, the increasing adoption of renewable sources and increasing energy consumption create considerable market demand. Furthermore, substantial investments in grid and transmission infrastructures boost the growth of the regional market.

The Asia Pacific advanced distribution management systems market is growing rapidly. Factors such as the demand for energy continually growing with the ever-increasing population and rapid industrialization & urbanization fuel the growth of the regional market. Moreover, the increasing governmental emphasis on the development of low-cost power generation boosts the growth of the regional market.

China, Japan, and India are the emerging markets for advanced distribution management systems. The widening uptake of advanced renewable technologies and microgrids across commercial & industrial sectors increases the regional market size. The APAC advanced distribution management systems market is expected to grow with the highest CAGR in the coming years.

Industry/Innovation/Related News:

July 08, 2020 ---- Smarter Grid Solutions Ltd. (SGS – the UK), a leading energy software company, announced winning the ANM Strata distributed energy resource management system (DERMS) contract to run a demonstration program of New York State Energy Research & Development Authority (NYSERDA) Future Grid Challenge. Under the demonstration program, SGS would test smart solar inverter integration into New York utility grid.

Also, SGS would work with Rensselaer Polytechnic Institute (RPI) and Borrego Solar to test how smart inverters can be integrated into Orange & Rockland Utilities’ advanced distribution management system (ADMS).

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Wednesday 30 June 2021

5G Services Market Outlook 2021 Trends, COVID-19 Pandemic Impact, Competitive Analysis and Regional Forecast To 2027

Energy as a Service (EaaS) Market Trends 2021 Growth Potential, Comprehensive Analysis and Forecast to 2027

Global Application Hosting Market 2021 COVID-19 Impact Analysis, Size, Share, Growth, Forecast, Key Findings, Competitive Landscape, In-Depth Analysis till 2027

Human Resources Management Software Market Share 2021 Global Size, Trends, COVID-19 Pandemic Impact, Analysis, Growth Rate and Segmentation to 2027

Advanced Distribution Management Systems Industry 2021 COVID-19 Impact Analysis, Opportunity Assessment, Competitive Analysis and Forecast to 2027

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