Inventory management software market valuation to cross USD 3 billion by 2024, retail sector to dominate the end-use landscape
With the tremendous growth in the industrial, retail, and e-commerce sectors, inventory management software market has gained massive impetus over the past years. Quite undeniably, managing and tracking inventory has become an essential part of conducting business and inventory management software in this regard are efficiently solving the challenges related to vendors, inventory, orders, sale, stocks-outs and much more. This has significantly led to rapid adoption of these software programs, in turn driving inventory management software market growth which was pegged at USD 2 billion in 2017.
North America Inventory Management Software Market Share, By Type, 2017 & 2024 (USD Million)
The vast expanse of omnichannel retailing and increasing penetration of smartphones have also been identified as the inherent factors impacting the revenue graph of the global inventory management software industry. If reports are to be believed, given the increasing rate of paperwork errors, supplier fraud, employee theft, and shoplifting activities SMEs, SMBs, and the retail sector are the prominent end-use segments that are rapidly adopting inventory management software systems. These activities have also been deemed as the major sources of inventory shrinkage and are therefore favoring effective implementation of IMS programs in the retail sector, which is expected to dominate the overall inventory management software industry by accounting for a 40% share over 2018-2024. It is important to mention that according to the National Retail Federation’s NRSS (National Retail Security Survey) on retail theft, the retailers globally incurred inventory shrinkage losses of over USD 49 billion in 2016.
Driven by these subsequent threats leading to inefficient inventory management, the demand for robust inventory management software for optimization is expected to increase consistently in the ensuing years. In fact, as per estimates, the global inventory management software market from inventory optimization application is expected to grow at a lucrative rate of 9% over 2018-2024.
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The contribution of the industry participants in developing optimal inventory management systems is vast and these players are constantly looking for adopting new technologies that can improve the overall productivity. Recently for instance, HighJump, a global provider of supply chain solutions and renowned inventory management software market player has introduced HighJump Warehouse Control System integrated with the HighJump Warehouse Management System. This inventory management solution provides supply chain professionals with a comprehensive suite that can fully capitalize on the automated and connected warehouse operations the modern-day chain professionals are adapting to handle shorter delivery windows, e-commerce, and enhanced consumer expectations.
With such globally reputed players working toward introducing more technologically upgraded and value added solutions, inventory management software industry share is expected to nothing but proliferate in the ensuing years. Further endowed with the integration of recent technologies such as automation, big data analytics, RFID, cloud, Artificial Intelligence, and IoT this business sphere has become a lucrative hub for investments. Leveraging these technologies for more insightful solutions in inventory management, several industry participants are providing real-time analytics solutions and improved connectivity to supply chain and inventory management professionals. For instance, using connected networks such as computers, sensors, and smartphones, IoT can transfer the product information with the help of RFID tags/barcodes and transmit the data to the cloud-based inventory management software.
Such technological integration techniques are typically used by the large-scale organizations that move thousands of orders daily. Reports state that the barcode scanning system held more than one half of the inventory management software market share in 2017, while the RFID segment is projected to register an impressive CAGR of over 11% over 2018-2024.
Quite undeniably, these technologies have empowered the small and large-scale enterprises to grow and streamline their business models by harnessing the power of the advanced inventory solutions, in turn propelling the global inventory management software industry outlook. Lastly, it wouldn’t be wrong to say that along with shrinking workforce and increasing rate of stressed logistics systems, inventory management software programs will witness massive adoption in the ensuing years. A presumption shedding light on the same is of Global Market Insights, Inc., that forecasts the overall inventory management software market share to register a CAGR of 6% over 2018-2024.
Author Name : Ojaswita Kutepatil
Automated infrastructure management (AIM) solutions market to accrue hefty returns from the IT & telecom sector, global industry to depict a double-digit growth rate over 2018-2024
Automated infrastructure management (AIM) solutions market has been experiencing considerable growth lately with the increasing need for automated documentation in data centers and commercial buildings. With the implementation of AIM solutions at the workplace, network administrators can improve the monitoring and provisioning of network connectivity. Prior to the advent of AIM solutions, myriad companies dealing with data management had been using manual tools which were prone to human errors. In addition, network technicians had to spend more time for updating and maintaining these documents, making the entire process time-consuming and expensive.
Considering the difficulties associated with cumbersome documentation processes, the need to obtain cost-effective returns and operational benefits became all the more rampant, leading companies in IT, telecommunication, banking, and manufacturing sectors to preferably deploy automated infrastructure management systems on a large scale. The increasing acceptance for AIM systems for speeding up operations in the workplace is thus slated to fuel automated infrastructure management solutions industry size.
UK Automated Infrastructure Management Solutions Market, by end-use, 2017 & 2024 (USD Million)
As of now, most of the businesses are becoming digitally dependent and have been striving to transform their technology infrastructure. The initiatives taken by companies to develop digitized products and services will thus emerge to be one of the driving forces of automated infrastructure management solutions market. It is noteworthy to mention that the shifting focus of companies toward enhancing their operational efficiency by reducing the number of manual tasks with the help of automation is also certain to fuel the product demand over the years ahead.
Taking into account the increasing acceptance of AIM systems, most players in the automated infrastructure management solutions industry have been continuously harnessing new technology trends such as IoT, AI, and AR. In 2016 for instance, BMC, New Relic, and Splunk incorporated artificial intelligence (AI) features in their IT monitoring tools to analyze data very effectively. The launch of application-centric advanced data management systems will thus lead to more companies wanting to use AIM solutions to resolve several IT infrastructural related issues, thereby propelling automated infrastructure management solutions market trends.
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The IT sector has constantly been on the lookout for simplifying their everyday tasks and saving copious amounts of time, on the grounds of which they have been looking forward to harnessing suitable problem-solving solutions. Validating the aforementioned fact, recently, the American multinational information technology company, Dell Technologies recently revealed a new IoT solution that can automate and provide scalable solutions for computing and IoT use cases. In cooperation with Intel, Dell has strengthened its computer vision and analytics technologies which will turn out to be beneficial for customers to support the workload through cloud services. The incorporation of artificial intelligence has also made AIM solutions more cost-effective, actionable, and efficient.
Countries like the U.S. and Canada which have been prominently preferring automation for enhancing productivity will experience operational simplicity with the development of such IoT and cloud computing solutions, further advancing AIM solutions market growth. Incidentally, in 2017, North America held an appreciable 40% of the overall automated infrastructure management solutions market share on account of the robust digitalization and adoption of colocation services across both the aforementioned nations.
Nowadays, the effectiveness of AIM systems to modify network security is making it highly popular across the globe. Companies operating across the BFSI sector have also been deploying AIM systems to restrict malicious and unauthorized users from accessing the server. In fact, it will be easier to locate any unusual remote activity on the system network with the help of automated infrastructure management (AIM) solutions. In this regard, for mitigating security issues related to the leakage of vital information and data storage, most of the financial institutions have been adopting AIM solutions.
The growing importance of AIM for security, asset management, and problem-solving across commercial business spheres is likely to impel the product demand in the future. More importantly, the transformation of a physical infrastructure into data centers aided by software intelligence will help companies to commendably enhance their operations. The surging deployment of AIM systems across myriad domains for improving data management facilities is poised to stimulate automated infrastructure management (AIM) solutions market size, which is expected to surpass a revenue collection of USD 3.5 billion by the end of 2024.
Author Name : Sunil Hebbalkar
Network automation market to record a staggering CAGR of 22% over 2018-2024, global industry expansion to be characterized by technological advancements and startup acquisitions
Disrupting the conventional ways of building digital infrastructure, the network automation market has emerged as one of the most enterprising niche verticals of the sustainable and smart industry. Prominent tech giants and multinational corporations around the globe have increasingly focused on implementing new methodologies to reduce manual configuration errors which are believed to cause the majority of network outages.
China Network Automation Market Share, By Application, 2017
In this context, network automation has evolved into one of the crucial technologies that have enabled businesses to decrease manual configuration errors and risk through effective compliance reporting, improved network service availability, enhanced performance and staff efficiency, and augmented data security infrastructure. As per reliable estimates, the overall network automation market size had been pegged at an appreciable USD 1.7 billion in the year 2017.
Besides providing a wide range of connectivity applications, the SD-WAN technology has assisted numerous business verticals to reduce complexities in physical network infrastructure. The advent of advanced computing technologies such as machine learning and artificial intelligence has disrupted the digital business models – a factor that can be attributed for large scale adoption of SD-WAN technology in the last few years. In fact, as per a research study compiled by Global Market Insights, Inc., the SD-WAN technology apportioned more than 67% of the total revenue share of network automation market in 2017 and is anticipated to hold a prominent spot in the overall software segment in the upcoming years.
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Concurrently, traditional networks are increasingly being replaced by virtual and cloud-based applications which has fundamentally transformed the growth strategies of major firms partaking in network automation market in the recent times. Numerous startups have been developing automation solutions that can configure manually-managed network devices, improve security capabilities, and supervise service offerings more efficiently. In this context, it would be prudent to mention that prominent tech giants have focused on acquiring these startups as it would assist them in augmenting their resources to deliver next-generation solutions that would serve all size and scale of customer needs. Enlisted below are a few instances that underscore how these acquisitions are shaping the network automation industry trends:
- To strengthen its service management portfolio and optimize its digital assets, IBM acquired the California-based network automation software provider Intelliden in 2017. Reportedly, Intelliden assists telecom firms to manage, configure, and scale their networks and automate an array of other services. Apparently, the technology of Intelliden would be integrated into IBM’s Tivoli Software which is known to enable various businesses to combine service delivery and significantly accelerate the automation of networks.
- With an aim to offer its customers an SD-WAN solution that is easy to deploy across enterprise branch offices and other WAN installations, Cisco has recently acquired an emerging WAN solutions provider Viptela for USD 610 million. Even though Cisco has a robust WAN product portfolio consisting of Intelligent WAN and Meraki SD-WAN, the addition of Viptela’s unique technology would reportedly expand and improve the overall functionality of the company’s WAN solutions in the times to come.
Implementing network automation solutions through cloud-based services has lowered capital expenditure and operational costs, enabling enterprises to scale their technological capabilities at a faster pace. Primarily driven by growing opportunities to offer enterprises with additional services like monitoring, security, and application optimization beyond basic automation tasks, the network automation industry share is anticipated to expand vigorously over the estimated timeframe. With rising investments by major tech firms coupled with innovative products being launched by startups, the network automation market size is forecast to register an excellent y-o-y growth rate of 22% over 2018-2024.
Author Name : Saif Ali Bepari
A competitive overview of green data center market: heavy investments in green infrastructure development to augment the industry expansion over 2018-2024
Green data center market is gaining immense popularity lately with the rise in concerns about the increasing energy costs impacting operational and economic efficiency. Most companies are presently implementing strategies to improve cooling and power infrastructure which is one of the vital factors influencing organizational performance, reliability, and serviceability. The shifting trends toward the deployment of green data centers for storing, managing, and distributing information have helped many software companies reduce energy consumption as well as the total energy cost. In fact, energy conscious companies are heavily investing in development of these centers for regaining cooling and power capacities, thereby providing impetus to green data center industry share.
Germany green data center market size, by solution, 2017 & 2024 (USD Million)
Though expensive, considering the long-term benefits of this technology, numerous companies ranging from internet giants to automotive biggies and manufacturing firms to software companies have been involved in green data center infrastructure development. The paragraphs below succinctly elaborate the contribution of myriad companies propelling efficient data center industry share.
In 2018, the leading industry behemoth, Siemens signed a deal with the Irish renewable energy contributor, CES Energy for providing on-site electrical generation services for data centers of various technology multinationals located in Ireland. This on-site energy generation is touted to be rather beneficial for data centers in terms of reducing carbon footprints and energy costs, in addition to helping them meet their data center timeframes with the supply of reliable power. The incidence validates that the availability of renewable energy facilities ensuring on-site generation assistance for achieving emission targets will prove to be a key factor reducing the carbon emissions across Ireland, strengthening green data center market trends.
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Ireland seems to be an ideal location for the establishment of data centers pertaining to climatic conditions, on the grounds of which green data center industry players have been focusing on facility expansion across the nation. Taking into account the shifting focus of technology companies, the regional government is striving to establish Ireland as the European data capital. A few months earlier, the renowned e-commerce contributor, Amazon received approval from the Ireland government to construct a new data center facility in Dublin. The government provided land of 223,000 square feet for the center and an investment of EUR 200 million, with the help of which Amazon plans to establish seven data centers. The implementation of high-profile projects such as the aforementioned is certain to propel Ireland effective data center market.
Presently, many tech giants are looking forward to investing in data center infrastructure development across well-established industrial parks. Through this business expansion strategy, these companies plan to facilitate most of the energy so generated for enhancing operational efficiency. Validating the aforementioned fact, recently, social media giant, Facebook made it to the headlines for planning to invest USD 750 million to develop a data center facility in Huntsville based in Alabama after receiving approval from the local officials. In order to supply power to this facility, Facebook plans to use 100% energy from renewables. The company’s strategy is certain to help Alabama achieve economy benefits, as it is touted to receive about USD 300 million in new tax revenue from Facebook’s future data center over the coming 30 years. It is thus overt that massive investments in renewable data center facilities are likely to impel green data center market size across several geographies.
In addition to already established behemoths like Google and Facebook, many start-up companies are also entering green data center market. For instance, the U.S.-Norwegian start-up company, Kolos is planning to build the world’s largest data center in Northern Norway that will apparently use local hydropower and chilled air for minimizing energy costs. In order to develop this 600,000 sq/m, four-storey green data center building, Kolos has raised funds from the U.S. investment bank and several Norwegian investors. The start-up company declared that this project will be one of the world’s largest green data center as this plant will receive all the required energy from wind and hydropower, which will reduce energy costs by 60% and provide cost-effective benefits to customers.
The increasing awareness regarding green energy among the regulatory bodies of various topographies is certainly a pivotal factor driving green data center market share. In fact, most of the European countries have already implemented strict regulatory norms to encourage the adoption of renewable energy facilities. In this regard, myriad technology contributors have also started deploying renewable energy powered data centers, which has considerably pushed product demand. The continuous investments in facility expansions for achieving higher working efficiency with the reduction of overall operational cost is likely to boost green data center industry share. For the record, by the end of 2024, green data center market will collect a revenue of USD 25 billion.
Author Name : Sunil Hebbalkar
Data Center Infrastructure market to be strongly characterized by regulatory framework, APAC to drive the regional landscape
Nlyte’s partnership with the IBM Watson IoT group is an exemplar precedent underlining rapid expansion of data center infrastructure market. Recently inked, through this deal, the companies intend to leverage maximum potential of advanced analytics and AI in its data centers. Speaking of the strategic agreement, one of the spokesperson of Nlyte has been quoted saying that the complexity, scalability, and optimization of modern data centers demand the requirement of advanced analytic solution integration. Reportedly, Nlyte is amalgamating its patent NEO (Nlyte Energy Optimizer) with IBM Watson’s advanced AI abilities in a quest to provide data centers with new heights of operational comprehensiveness. This alliance, as per experts’ opinion, has surely strengthened Nlyte’s stance in data center infrastructure market that pegged a valuation of USD 40 billion in 2017.
Europe data center infrastructure market, by product, 2017 & 2024 (USD Million)
A stringent regulatory framework speaks volume and has much to contribute in data center infrastructure industry augmentation. With cyber-attacks becoming a global concern, various regulatory bodies have mandated guidelines to identify and continuously monitor potential vulnerabilities in digital infrastructure. Companies partaking in data center infrastructure market therefore, now are extremely particular to develop solutions that are completely in compliance with regulatory standards. In this regard, recently Nlyte Software made its way to headlines, for receiving the much awaited approval for its DCIM solution from the Department of Homeland Security.
Allegedly, the latest approval makes the America data center infrastructure industry giant to become the first DCIM solution provider in the United States that has strictly adhered to all the conditions mentioned in the Phase 1 of CDM program (Continuous Diagnostics and Mitigation) of the federal government. For the records, the U.S. federal government rolled out this aforementioned CDM Program few years back, in a bid to ensure integrity and security of hardware as well software assets of the nation. Not to mention, with increasing adoption of these regulations, U.S. data center infrastructure industry is certain to carve a profitable roadmap over the ensuing years.
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Citing yet another instance where governmental initiative has given a substantial boost to regional data center infrastructure market, the Northern Territory of Australia that has released its Budget for the year 2018-2019, has allocated a sum of AU$18.38 million to support initiatives that are under the Department of Corporate and Information Services. Reportedly, as a part of the scheme, the government has a plan to increase its number of physical servers and number of fully managed servers by 16 and 100 respectively in this financial year. With such enormous project in the pipeline, regional data center infrastructure market players are sure to gain monetary benefits in securing Australia’s data center network.
Speaking of the regional aspect, it is prudent to mention that Asia Pacific is at the vanguard of data center infrastructure industry. In fact, Asia Pacific market is forecast to witness nearly 14% CAGR over 2018-2024. The growth can be primarily attributed to the increased penetration of digital technologies among consumers as well as businesses across this belt. Rapid industrialization along with robust growth in outsourcing activities especially in countries like India and China have led to a subsequent increase in organizational data traffic. In a bid to accommodate this huge traffic, companies are increasingly investing in new facilities, thereby proliferating APAC data center infrastructure industry.
Despite these growth opportunities, data center infrastructure market is still facing a challenge of bridging complex web of interconnections with a data center network. Nonetheless, with the advent of optimized workflow procedures, adoption of real-time monitoring system, and enhanced tools, the aforementioned stumbling block is likely to get overcome within a short span. Furthermore, the lure of big data analytics and extensive proliferation of cloud technologies would leave a complementary influence on data center infrastructure industry space. In terms of commercialization, the business space is forecast to exceed a massive valuation of USD 90 billion by 2024.
Author Name : Satarupa De
Data center networking market to witness a remarkable double digit CAGR of 14.3% over 2018-2024, product innovations to characterize the competitive landscape
The unprecedented evolution of cloud computing technology is undeniably driving new levels of innovation in data center networking industry. The extensive penetration of Internet of Things (IoT) has brought a renewed dimension in the business model, where the modern change in traffic patterns expose the limitation of conventional network. In the light of the recent scenario, data center networks are expected to exhibit not only scalability and high performance, but also flexibility, agility, and enhanced automation. Companies ranging from enterprises to cloud service providers are highly influenced by the growing trend of data & network virtualization and are seeking to integrate advanced technology solutions to curtail the overall operational expenditure. Incidentally this has encouraged core tech juggernauts to come up with newer innovations that could potentially change data center networking market dynamics.
China data center networking market size, by end-use, 2017 & 2024 (USD Million)
Globally acclaimed SDN solution provider, Nokia’s Nuage Networks recently made its way to the front page with its latest data center transformation projects with China Mobile and Spanish multinational broadband, Telefónica. Reportedly in both these projects, Nuage’s VNS (Virtualized Networks Services) has been used in a bid to provide more elasticity to these data center sites. Nuage Networks’ initiatives, as per experts’ opinion, coherently depict the progress of data center networking industry toward network slicing with SDN (software-defined networking). For the records, Telefónica worked with Nuage in order to leverage its hefty yesteryear investment in SD-WAN infrastructure. The integration of VNS solution in its service is further to offer enterprises the facility of configuring and customizing value added services via a self-service portal. Not to mention, the extensive growth of cloud computing technology has indeed proved to be a catalyst in sowing the seeds for advancing the innovation in data center networking market.
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In yet another turn of events, American tech conglomerate, IBM Corporation last year announced its plan of launching four new data centers in the United States, in a bid to support the surging demand for cognitive capabilities. Experts believe the project is sure to leave a perpetual impact on U.S. data center networking market, as the transition to cloud-based software would necessitate the requirement of replacing the traditional networks. In fact, U.S. and Canada conjointly held almost a lion’s share (40%) of data center networking industry in 2017. The subtly changing trends toward cloud-based software in tandem with growing popularity of streaming devices and social media is claimed to be a sure shot indicator of the fact that U.S. would experience an upper hand in data center networking industry over the ensuing years.
Data center networking market giants are betting big on highly advanced storage and memory technologies to gain a competitive edge. Klas Telecom for instance, has recently released an upgraded version of Voyager TDC. Christened as Voyager TDC 2.0, this groundbreaking technology claims to provide users the flexibility of the original system, in addition to NVMe and double storage capacity that ensure better and faster performance. If reports are to be relied on, the company will demonstrate how users can integrate AI and machine learning technology at tactical edge, leveraging the ultra-high-power process capability of Voyager TDC at SOFIC 2018. Yet another trend that is quite vivid in the competitive terrain of data center networking industry is technological proliferation via strategic partnerships. All in all, aided by the vast technology landscape where myriad companies are becoming consumer centric and data driven, data center networking market share is forecast to exceed a valuation of USD 35 billion by 2024.
Author Name : Satarupa De