BFSI
Data warehousing market share to be propelled by statistical analysis segment over 2019-2025
Growing demand for effective ways of storage and testing of enterprise big data will help to augment data warehousing market size by 2025. Data warehousing is rapidly substituting conventional database management systems and legacy Business Intelligence (BI) tools. Data warehouses enable storage of disparate data by transmuting and standardizing several data types into one common format. Data warehousing helps to store large data volumes, and which can be retrieved faster in comparison to other operational systems. Huge benefits offered by the technology are offering impetus to the growth of data warehousing industry share.Data warehousing market forecast report predicts that on-premise data warehousing industry trends will be enhanced owing to low network latency and improved security. On-premise data warehouses do not undergo network lags and provide quicker query processing. These systems provide enterprises with improved data security because critical enterprise data is instituted on in-house data centers. Unification of other services is easier with on-premise data warehouse due to the presence of a single server.
Size of statistical analysis segment in data warehousing market is predicted to expand exponentially over 2019-2025. Statistical analysis comprises of compilation and analysis of quantitative data stored in a data warehouse, to discover fundamental statistical relationships. Statistical analysis tools have been observing a surge in demand owing to the adoption of these tools among government and research companies for past data analysis and to regulate helpful data patterns. Statistical analysis provides superior data re-usability (data recycling) for various sets of conditions. These conditions enable enterprises to create forecast models and predictive analysis algorithms by making minimal changes in data set.
Data warehousing industry forecast report has projected that manufacturing data warehousing market share will expand with a CAGR of more than 15% over 2019-2025. The growth is attributable to advent of Industry 4.0 and intensifying trend of cyber-physical systems in manufacturing facilities to generate huge data. Also, the advancements in manufacturing sector and increasing adoption of data warehousing technology will expand data warehousing market share significantly.
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Huge investments are being made by manufacturing enterprises in IIoT and unifying data warehousing solutions with production management systems to plan for precise and data-driven manufacturing. For example, in February 2019, German automaker Daimler AG has reportedly deployed an in-house data warehouse known as eXtollo. This solution enabled Daimler to integrate IoT data with production planning systems. The integration helps to decrease material wastage, reduce production times, and cut down expense on product quality control. Demand for data warehousing is anticipated to escalate owing to efficient inventory planning and rapid production times in the manufacturing sector which will contribute to boost data warehousing industry outlook.
North America data warehousing market trends are projected to develop significantly by 2025 with a share of more than 40%. The growth can be accredited to strong ICT infrastructure, rapid adoption of cloud services, and augmenting prevalence of big data analytics. Companies in the region have been moving from traditional data warehouse tools to cloud-based solutions to raise scalability, cost-effectiveness, and to reduce hardware dependency. Presence of a number of key data warehouse vendors such as Oracle, IBM, Google, and Microsoft is also anticipated to drive North America data warehousing industry trends.
The main focus of the companies operating in data warehousing market have been on providing latest services and products to earn hefty revenue share. With the amplifying demand for data warehousing solutions, competitive landscape has been becoming more intense with major vendors have been focusing more on technology development and aggressive pricing to stay ahead of competition. A few of the key participants include IBM, AWS, Google, Oracle Corporation, Microsoft Corporation, etc. Reports predict that data warehousing industry size is slated to surpass $30 billion by 2025.
Author Name : Paroma Bhattacharya
How will the penetration of 5G technology stimulate Intent-based networking (IBN) market outlook?
The increasing demand for commercialization of the next-generation 5G technology will propel Intent-based networking (IBN) market size. Given the extreme data speeds of the 5G technology, the commercialization will enable the service providers to launch several customized virtual private networks (VPNs) targeted toward specific applications and customers.
Additionally, intent-based networking technology allows the enterprises to have software defined control over many aspects of the network including the segmentation, content filtering, Quality of Service (QoS) and malware detection. This AI-based smart technology also allows enterprises to automate the configuration of these network devices according to the changing business objectives.
How will networking hardware segment perform during the forecast period?
Networking hardware segment is expected to grow at a CAGR of over 30% during the forecast timeframe . Networking solution providers foresee expansion of their support for 5G technology owing to the increase in data-centric applications. This will create immense demand for networking components such as routers and switches. Rapidly changing business requirements in accordance with technology change is slated to drive IBN market share from networking hardware segment.
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How will the cloud computing trend influence cloud deployment-based IBN market outlook?
The cloud deployment model is anticipated to achieve a steady growth rate of more than 32% over 2019-2025. The growth is mainly attributed to the growing adoption of cloud computing services across the enterprises. Network solution providers have been looking forward to developing cloud data center supporting IBN solutions that will accelerate the demand for cloud deployment model over the years ahead.
How will digitalization across SMEs impact APAC intent-based networking market forecast?
Enterprises across APAC region have been increasingly deploying NFV technologies to support rapid deployment of services and applications. The APAC intent-based networking market is projected to record a CAGR of more than 31% over 2019-2025, owing to the increasing digitalization across small and medium scale enterprises (SMEs). Growing deployment of virtual network across the region will further augment the product demand over the estimated timeframe.
Author Name : Amol Kothekar
Asia Pacific network as a service market to witness remarkable growth over 2019-2025
Network as a Service market (NaaS) outlook is slated to demonstrate considerable transformation over the forecast years due to the rising demand for latest cloud-based services and integration of new technologies into business networks. Reportedly, enterprises had estimated in 2018 that they would invest on an average $3.5 million on clouds apps, platforms, and services in the year, suggesting the massive need for network products. NaaS has evolved to a new level with the proliferation of communication technologies and innovative cloud applications, driving the expansion of network as a service industry trends.
Europe Network as a Service (NaaS) Market Share, By Region, 2018
In order to keep pace with the competitive pressure of a rapidly changing network environment, service providers need to innovate promptly. Network services are not only providing business opportunity to IT & telecom segment but also encouraging customers to make the best possible use of the provider’s primary services. With rapid advancements in NaaS network services, businesses can easily eliminate all the hassle of maintaining and managing the network themselves.
To keep growing their market share, tech and telecom giants are extensively adopting network services to simplify their architecture through virtualization and incorporating disparate software solutions onto common hardware. In this modern era, the telecom sector is accelerating global presence by addressing customer needs to better serve an ever increasing population base. Consistent growth and enhancement of telecommunication services over the coming years will propel network as a service market size.
Telus, a Canadian telecommunications company, had unveiled its partnership with Nuage Networks in 2017 to initiate Telus NaaS, a software defined wide area network platform. Apparently, several other telcos like Telia, Telefonica, China Telecom and BT had teamed with Nuage for advancing and automating their WAN connections. The prevalence of such collaborations will impact the future of NaaS globally and will propel NaaS industry size in the years to come.
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In terms of the regional landscape, Asia Pacific NaaS market is expected to register a CAGR of over 40% from 2019 to 2025. Growing preference for cloud services and the need to lower operational costs can be accredited to the massive shift in business priorities. Subsequently, IT & telecom companies are opting for high-quality managed and security services to raise their business proficiency. NaaS industry in the region could reach a commendable presence across the tremendously large small and medium sized business environment in APAC.
Telecom sector throughout APAC has been leveraging new NaaS models and enjoying greater flexibility and agility in a quickly changing environment. In addition, several telecom companies have been encouraged to come up with innovative offerings that could potentially change network as a service market dynamics. In terms of the regional dominance, countries including China, Japan, and South Korea could lead other nations owing to the extensive deployment of NaaS platforms, driven by technologies like NFV and SDN.
Japan is ranked among the top Asian countries in terms of cloud readiness, network services and broadband quality. In 2016, NEC Corporation, a Japanese multinational provider of information technology services and products, had collaborated with Netrounds and other partners to accelerate agile deployments of assured network services to increase efficiency and reduce operational expenditures. Similar moves by telecom firms, domestically and internationally, would create tremendous demand for NaaS market players around the globe.
Adopting open and standard technologies like network service enables telecom companies to virtualize their networking solutions by recognizing more advanced ways to operate and manage their networks, with minimal or no dependency on underlying hardware. The variable network connectivity and cloud access through NaaS becomes equally vital for power redundancy and to provide security benefits as per Tier 3 data center specifications.
IT & telecom sector is seemingly a prime target for advanced and innovative strategies for improving network services, that would provide them with agility, flexibility, and facilitate efficient expansion with new application workloads. Upsurge in cloud-based services coupled with the augmented growth in data traffic is certain to fuel NaaS industry share. Global Market Insights, Inc. has projected that global network as a service market will surpass a valuation of USD 50 billion by 2025.
Author Name : Deeksha Pant
International voice over internet protocol (VoIP) market to account for 50% industry share by 2025
Rising demand for affordable and reliable communication services worldwide will be one of the key trends driving voice over internet protocol (VoIP) market growth over the forecast period. VoIP is a rapidly advancing technology that uses internet to make phone calls rather than conventional telephone systems. The cost of using a VoIP service is relatively low, especially for long-distance communication. Companies are increasingly leveraging VoIP solutions to improve their productivity and enhance mobility.
APAC VoIP Market Size, By Country, 2018 & 2025 (USD Billion)
The voice over internet protocol (VoIP) market has garnered major share in developed nations owing to presence of high-speed broadband infrastructures which eliminate the need for maintaining a separate telecommunications network. In addition to making voice calls, VoIP can also conduct video conferencing calls, eventually allowing businesses to visually communicate with co-workers and clients to discuss deals, files, documents and agendas more effectively.
VoIP makes recording calls more efficient and easier, further enabling companies to integrate different communication services into a single device or software. With rapid technological advancements and recent innovations, VoIP market outlook has witnessed an immense transformation lately. For instance, in 2019, caller ID app Truecaller announced the beta-testing of its new app feature that allows users to make voice calls over IP. With such advancements, VoIP market trends are likely to expand and the industry players may garner a huge customer base, thereby augmenting business growth over the forecast period.
Voice over Internet Protocol (VoIP) market share is slated to record significant gains from the international VoIP call segment. Demand for international VoIP calling services is estimated to increase exponentially over coming years, on account of its low-cost service offering. Several affordable international calling plans are being offered by VoIP service providers that allow organizations to conduct business across borders at low calling rates. Credible reports also estimate international VoIP calls market to hold major share of over 50% by 2025.
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VoIP providers also allow users to make calls to landline and mobile phone numbers without any restrictions. Being internet-based, the technology can effectively handle media types such as images, videos and texts along with voice. Rising technological advancements will propel VoIP industry growth. For example, VoIP service plans come with advanced features like caller ID with name, call waiting, conference calls and call forwarding among other.
An instance of initiatives that will effectively generate new growth opportunities in VoIP market include the one made by North Dakota Department of Human Services which recently awarded a $3.3 million worth call center contract to Noridian Healthcare Solutions. The grant will support North Dakota’s Medicaid providers and customers by answering queries associated with Medicaid claims payment, submission of claims, and prior authorization.
Europe voice over internet protocol (VoIP) market will witness commendable growth over the coming years. Especially across Germany, the VoIP industry is recording lucrative growth on account of the region’s strong telecommunication infrastructure. Consumer demand and adoption of broadband high-speed Internet services is also considerable within the nation. With rising demand for cheaper communications service and increasing use of VoIP solution, the region is forecast to be a major ground for VoIP market growth over the coming years.
Supportive government initiatives are also likely to expand Europe VoIP market size over coming years. For instance, as per Europe 2020 strategy, all Europeans are expected to own fast broadband services (over 30 Mbps) by 2020, a mission for which EU has implemented a series of regulatory measures and policies and has made around €15 billion available to Member States in the period 2014-2020.
Voice over Internet Protocol (VoIP) is an advanced communication technology that enables organizations to cost-effectively streamline different communication platforms to improve business productivity. International call centers are increasingly using VoIP to reduce cost expenditure and facilitate voice calls at affordable prices.
With growing traction in European countries and extensive use of internet-based voice communication apps worldwide, demand for VoIP solutions will increase significantly over coming years. Report from Global Market Insights, Inc., estimates voice over internet protocol (VoIP) market size to exceed USD 55 billion by 2025.
Author Name : Mateen Dalal
Virtual private server market to amass substantial revenues from healthcare applications by 2025
With the growing adoption of cloud technology, virtual private server market size is anticipated to gain considerable momentum with the digital transformation of the BFSI, retail, government and healthcare sectors. Today, technologies like edge computing have rapidly developed to power the rising penetration of internet of things (IoT), augmented reality content and increased number of consumer mobile devices. This trend will likely expand global virtual private server (VPS) industry share imminently.
APAC Virtual Private Server (VPS) Market Size, By Region, 2018 & 2025 (USD Million)
With new developments in software and hardware applications, the on-going operating costs of purely private networks seems to be increasing and more businesses are seeking an online presence around the clock. New applications consume ever-growing amounts of bandwidth and as a result of the high complexity of installing and maintaining physical servers, many companies are turning to virtual on the cloud servers, offering a tremendous boost to VPS industry size.
Network-based applications have considerably transformed industries like healthcare. Solutions that enable access to electronic medical records (EMRs), biomedical information, patient accounting through wired and wireless mobile devices are now becoming commonplace. Healthcare providers are merging these tools for more effective communication, improve patient care and efficiency, and reduce errors in their systems, expanding the scope of virtual private server market.
As healthcare providers are looking to adopt new technologies, the augmented use of mobile and cloud technology has unintentionally contributed to the rise in data breaches, with facilities becoming key targets for a ransomware attack. Reportedly, it had been found that for the third quarter of 2018 a total of around 4.4 million patient records had been compromised in 117 health data breaches.
With the advent of advanced virtual private servers, healthcare providers are realizing the importance of fundamentally shifting their architecture to more secure networks for preventing the spread of false and malicious data. VPS has proven to be a cost-effective solution for the healthcare sector, extensively increasing the demand for VPS market services worldwide.
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The introduction of 5G-related applications in healthcare sector will certainly change the way medical services are exchanged between the doctors and the patients. The integration of electronic communication into medical care by faster connection speeds enables remote medial sensors that help patients in remote areas to transmit their sensitive vitals instantly to healthcare providers. Similar medical trends will lead to new standards of care globally and will drive virtual private server market growth.
Asia Pacific virtual private server market is anticipated to witness a CAGR of more than 20% over the forecast timespan. Many government agencies in the region are extensively supporting virtualized data centers in developing countries like India and China. Subsequently, small and medium scale enterprises are eventually turning to virtual applications for deploying new functionalities more rapidly, allowing them to operate at a faster pace. The growing number of SMEs with access to advanced virtual networks in emerging economies will be a leading factor propelling the virtual private server market revenues.
For instance, in 2018 GoDaddy had unveiled its future generation VPS, which is a high performance managed to host solution specifically designed for web professionals in India. Such initiatives could pave the way for more managed VPS services to emerge in the coming years, supporting higher wireless capacity server and faster speeds across the country. Adoption of VPS by the regional healthcare players would also generate massive demand for APAC VPS industry.
Cloud technology companies and other virtual private server providers are constantly striving towards enhancing their presence with attempts to expand their portfolio, coming up with new and advanced VPS technologies. Some of the prominent players defining the competitive landscape of virtual private server industry include Amazon Web Services, Rackspace, A2 Hosting, Linode, Inmotion Hosting, Tektonic, Liquid Web, OVH Group, Bluehost, and Savari Technologies Pvt. Ltd.
Owing to virtual application technology in healthcare is becoming a chief force to help clinicians in collaborating across organizations. The use of cloud-based systems, 5G networks and virtualization will play a key role in boosting workplace efficiency, alleviate risks of security and meet regulatory compliance as well as improve bottom lines for businesses. Global Market Insights, Inc. has projected that virtual private server market will exceed USD 2 billion in valuation by 2025.
Author Name : Deeksha Pant
North America micro data center market to record double-digit CAGR over 2019-2025
The global micro data center market will witness immense growth in the years to come due to rapid technological advancements in the IT & telecom sector which has led to expansion in data center infrastructures worldwide. As online banking & shopping, satellite navigation systems, smartphones, TV & movie streaming gain traction, relocation of IT infrastructure becomes mandatory. This increases the demand for modular data center architecture that will drive the global micro data center market size.
U.S. micro data center market, by application, 2018 & 2025 (USD Million)
The rising need for containerized data centers for corporate offices that consistently relocate their infrastructure will fuel micro data center industry share. With rising workloads, companies are focusing more on data center expansion. However, enterprises are now wanting to make their presence felt on the cloud, leading to the requirement of portable data centers. Micro data centers have a smaller footprint that conventional data centers and look like with integrated systems. The rising requirement for portable solutions in large-scale enterprises for delivering additional IT support will drive micro data center market size.
The healthcare sector will be a major application segment of micro data center industry. Medical care centers demand efficient power systems for consistent access to patient electronic health records. The rise in the number of chronic diseases and patient admissions can sometimes though, put pressure on hospitals, emergency clinics and rehabilitation centers since conventional data center infrastructure requires a huge investment. But miniaturized, portable data centers eliminate a lot of the up-front investment and are being preferred by medical care facilities, that will drive micro data center market size from hospitals.
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North America micro data center market will grow significantly over 2019-2025 driven by robust urbanization and digitization trends. The presence of major multinational companies planning on expanding their operational capacities in the U.S. will drive the North America industry. Most huge enterprises in the U.S. require efficient IT infrastructure for business management. The rising need of huge companies and SMBs for portable solutions will fuel the regional micro data center industry share.
Global Market Insights, Inc., estimates the North America micro data centers market size to register a CAGR of more than 23% over 2019-2025. The growth is driven by the launch of various micro facilities by important technology giants such as Schneider and IBM Corporation. The expansion of data center infrastructure market in the region will also propel North America micro data center industry share.
Prominent industry giants are consistently making investments in portable data center solutions to cater to rising demand from hospitals, IT companies, telecom firms, banking establishments, etc. For example, in March 2019, Schneider Electric had declared the launch of new solutions for micro data centers which combine APC by Schneider’s physical infrastructure with Cisco’s HyperFlex Edge that delivers efficient, fast deployment in edge environments.
Cisco and Schneider Electric’s latest partnership on micro data centers will provide system integrators and IT global channel partners the access to new reference designs for deploying the HyperFlex Edge that can be suitably customized for particular micro data center needs. The rising demand for pre-integrated, physically secure, and remotely monitorable containerized data center solutions and increasing efforts by industry players to provide these services will drive the global micro data center market size.
Some of the other players defining the competitive landscape of micro data center include Advanced Facilities, Inc., Zellabox, Schneider Electric SE, Attom Technology, Eaton Corporation PLC, Panduit Corporation, Delta Power Solutions, Canovate Group, Dataracks, Hewlett-Packard Enterprise Company, STULZ GmbH, Huawei Technologies Co., Ltd., IBM Corporation, Dell Inc., and Vertiv Co.
Companies partaking in micro data center industry share are trying to enhance their presence by coming up with new, more efficient portable data center solutions. Delta Power Solutions has a product portfolio of the Delta InfraSuite – a highly integrated, next-gen modular datacenter solution that uses racks and integrates cooling, lightning protection, wiring, fire control, UPSs, and airflow management together.
Global Market Insights, Inc., claims the overall micro data center market size to cross USD 14.5 billion by 2025.
Author Name : Saipriya Iyer
BFSI applications to drive wireless LAN controller market outlook through 2025
Wireless LAN controller market is estimated to exceed USD 3 billion by 2025, owing to the increasing business need to manage widespread and intricate LAN infrastructure along with the surging acceptance of cloud-based WLAN controllers for managing network devices. Increasing Bring Your Own Device trend, which necessitates the presence of robust network security in enterprises, will drive WLAN controller market growth through 2025. The rising need for integrated connectivity and security for mobile clients also impacts WLAN controller market trends.
APAC Wireless LAN Controller Market Size, By Region, 2018 & 2025 (USD Million)
In terms of the application landscape, wireless LAN controller market is bifurcated into government and public sector, IT and telecom, healthcare, BFSI, manufacturing, transportation & logistics, retail, and others. The retail segment is anticipated to exhibit substantial growth between 2019-2025, primarily fueled by surging acceptance of latest technology by the retail sector to offer better customer experience and convenience. The constant increase in the number of retail companies across the globe will further advance WLAN controller market size. For instance, Aldi, supermarket chain with over 10,000 stores in 20 countries, has recently declared plans to open a new store in Chattanooga city, Tennessee, USA this fall.
WLAN controller market size from the BFSI segment is projected to witness modest growth in the foreseeable future, attributed to high adoption of digital platforms, workforce mobility trend, and increasing network complexity. The growing use of network devices and smartphones has burdened network administrators with complex network management tasks, resulting in the adoption of wireless LAN controllers by banking & financial institutions, for optimizing networks and boosting performance.
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The establishment of new financial institutions and technological enhancements in Wi-Fi technology along with the fast-paced expansion of Wi-Fi market will elevate the revenue share of WLAN controller market from BFSI applications. For instance, HSBC, a renowned multinational banking and financial services company, has recently declared plans to open fifty new retail branches in the United States where it previously had no existence. Reportedly, this move is a part of British banking behemoth’s plan to expand services to newer geographies with no prior foothold.
The rapid upsurge in digital data has led to the introduction of AI in BFSI market, which has positively impacted wireless LAN controller market share. Financial enterprises are leveraging artificial intelligence technology to gather, analyze, and report huge chunks of data to retrieve actionable insights regarding customers to serve their requirements better. Expanding artificial intelligence market size, owing to surging adoption across automotive, manufacturing, retail, healthcare, media & advertising, agriculture, and BFSI, would push network management requirements, thereby propelling WLAN controller market size over the future.
Rising urbanization and commercialization, especially across developing nations, will impact the industry growth. According to a report published by Our World in Data website, approximately 4 billion individuals resided in urban areas, whereas 3.4 billion individuals resided in rural regions, in 2016. Over the last 50 years, the share of people living in urban areas more than quadrupled in Nepal and Mali, and more than tripled in Nigeria and Kenya. By 2050, the global population is projected to reach 9.8 billion, and it is anticipated that the number of people living in the urban area (6.7 billion) will be double of that in the rural area (3.1 billion).
Growing urbanization and commercialization directly influence infrastructure development, healthcare, IT and Telecom, retail, manufacturing, transportation, BFSI, and various other sectors. As these sectors are the leading consumers of wireless technology, they are projected to support WLAN controller market share over the future. Expansion of the enterprise wireless local area network market is also bound to fuel WLAN controller market growth.
The increasing number of efforts by major companies present in wireless LAN controller market, to gain a competitive edge, will substantially fuel market share. Many organizations are taking huge steps towards innovation and new product development, to accelerate the shift towards cloud-enabled network services and ensure enhanced management & security of wireless LAN solutions. Global Market Insights, Inc. claims that large enterprises will accrue over 55% of wireless LAN controller market share through 2025.
Author Name : Nikita Chaurasia
Modular data center market to register commendable proceeds from IT & Telecom applications, increasing adoption of IoT and edge computing to drive product demand over 2019-2025
The global modular data center market is poised to gain massive impetus in the ensuing years, primarily driven by the increasing adoption of prefabricated IT technologies, the emergence of small & medium enterprises and the rising demand for edge computing.
The demand for edge computing is rising owing to the massive shifts in the way internet is consumed via organizations and individuals. Edge computing is an architecture that enables data processing and computing as close to the end user as possible. The key drivers of the edge computing model include the growing number of consumer mobile devices and the increasing consumption of video and virtual reality content. Eminent players active in the modular data center industry are seeking innovative ways of deploying edge capacity to support end-users including businesses and consumers. Therefore, as the popularity of edge computing grows across several applications, the global modular data center market size is certain to escalate as far as the number of installations is concerned.
U.S. modular data center market, by application, 2018 & 2024 (USD Million)
The modular data center market from IT & Telecom application segment is primarily driven by the rising need for the rapid deployment of data centers. IT & telecom business vertical is witnessing a massive adoption of the facility to augment the flexibility and scalability of the business operations. Another factor that is driving the modular data center market is the rapid evolution of IoT technology. With the adoption of IoT sensors, the technology is being used in a wide spectrum of applications, for procuring data from the surrounding environment.
The increasing need for data storage would require more robust load distribution strategies. The burgeoning IoT trend will spur the need for edge computing, which will positively impact the demand for IT infrastructure that is easily deployable in remote locations and cost-effective. Hence, the increasing the need for data storage and processing from IT & Telecom application segment will require more data centers to handle diverse and huge data flows, thereby driving the global modular data center market expansion in the future.
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SMEs are significant to economies, particularly the developing ones, but they seldom have access to sufficient credit. According to the World Bank Group, around 70% of all micro, small, and medium scale businesses in emerging markets lack access to credit. As modular data centers can do everything, right from computing, storing, processing, cooling, securing, and detecting fire, hence they can help organizations in saving significant infrastructure and setup costs. Which makes small and medium-sized enterprises a major customer base for this technology, thus allowing SMEs to deploy and maintain their IT operations with low capital expenditure but without compromising on quality. Having said that, the burgeoning number of SMEs in emerging economies will thus be a major factor responsible for propelling the global modular data center industry.
The competitive landscape of the global modular data center industry hosts numerous well-known players such as Cisco Systems, Inc., Huawei Technologies, Cannon Technologies, and Dell, Inc. among others. In order to enhance and expand business operations, major players often engage in partnerships and develop innovative technologies, thereby increasing the revenue inflow of the global market. An ideal example involves Huawei’s recent partnership with Etisalat to plan and distribute pre-fabricated and next-gen modular data centers in UAE in an effort to suffice the requirements of the cloud and digital services of the future. Such partnerships will fulfill the product demand across diverse geographies and hence contribute to the expansion of the global modular data center market.
Additionally, growing applications fueled by innovations in the fields of retail, telecom, and finance along with the emergence of 5G technology will further advance the modular data center market growth. All in all, consumer reliance on the digital world is growing every minute and with increasing adoption of digitized platforms and technologies, data traffic will continue to grow, boosting the requirement for modular data centers globally. A research report by Global Market Insights, Inc. projects the overall modular data center market to be worth more than $50 billion by 2025.
Author Name : Krithika Krishnan
IDS / IPS market to accumulate substantial proceeds from transportation and logistics applications, global industry to be characterized by the launch of advanced threat detection systems
The increasing threat of data breaches and rising proliferation of digitalization have been responsible for driving intrusion detection system market share in the recent years. The last couple of decades have witnessed the technology landscape across various end-use domains to have undergone a massive transformation. Alongside, there has been a vast upsurge in the number of computer networks as well, leading to a major surge in the demand for efficient systems and solutions to counter data threats. The implementation of IDS or IPS in the network system undeniably makes it feasible for the network administrators to assess the accurate location of the threats and then address the same. These systems also help avert further threats from those locations, thereby helping to accelerate the growth graph of IDS/IPS industry.
UK Intrusion Detection System / Intrusion Prevention System Market Revenue, By Type, 2018 & 2025 (USD Million)
Intrusion detection system solutions are known to be rather competent in protecting the integrity of computer networks, maintaining confidentiality, and shielding against malicious attacks prevailing in an organization. IPSs are so designed that they alert administrators about attack attempts, thereby delivering valuable information to businesses about network threats, malicious attacks, devices being targeted and much more. As more and more and more number of companies integrate these systems in their infrastructure to monitor logs and effortlessly extract information to provide further security to their networks, the global IDS industry share is bound to depict an upsurge in the years to come.
For most parts, a score of businesses already boast of having incorporated intrusion prevention systems in their infrastructure. Prominent conglomerates however, thriving in an era defined by consistent digitization and network integration, have been consistently seeking novel solutions by the day to tackle advanced threats and high-level frauds, thereby providing numerous growth opportunities for IPS industry contenders.
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For instance, IBM, a significant IPS market player, boasts of an intrusion detection and prevention system that provides real time security monitoring, a robust network, and efficient analysis of network and services. IBM’s Trusteer pinpoint malware detection system competently detects malware-impaired devices and also governs the type of threat and the potential risks associated with the same. A while ago, by the end of 2018, IBM had also announced its new Pinpoint Verify technology that would provide businesses with an innovative model to combat online frauds with a digital identity trust approach.
Citing an instance of yet another vital IDS market contender, Imperva, it is imperative to state that this company boasts of a suite of cloud web application firewall intrusion prevention solutions that are characterized by features such as two-factor authentication and web application firewall. While the WAF supports the existing IPS through behavioral and reputational heuristics that eradicate malicious incoming requests and other application attacks, the implementation of 2FA gateways for any URL helps choose a verification method and feasibly manage a database of approved users. With the demand for security solutions on a consistent rise, it would not be incorrect to state that IDS industry contenders can look forward to myriad growth opportunities in the years ahead.
The transportation and logistics sector has emerged as one of the most prominent application avenues for the global intrusion detection system market, fueled by the requirement of RFID tags in order to track the location of cargoes from the starting point to the destination. Not to mention, these systems have been gaining traction in this sector on account of the demand for door intrusion and tampering sensors that detect attempts of any type of intrusion in any of the boxes or containers and provide real time monitoring of vehicles and cargoes.
It has been speculated that in the years to come, next-gen IDS solutions will be designed to focus less on recognizing intruders and more toward sensing potentially apprehensive attacks or events. With the help of advanced AI algorithms, IDS market players are expected to brainstorm solutions that will be able to predict attacks beforehand and then provide an effective line of defense as opposed to the traditional approach.
Author Name : Deeksha Pant
Global Market Insights Inc. 