Month: January 2022

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Cloud Point of Sale Market 2021 Business Trends, Industry Profit Growth, COVID – 19 Outbreak, Historical Analysis, Top Key Players, Emerging Technologies and Global Segments

Cloud Point of Sale Market Analysis Scenario:

The Cloud Point of Sale Market Analysis 2020 had clinched a valuation of USD 1,046.0 million in 2021 and is all set to touch a valuation of USD 4,226.3 Million by 2027, confirms Market Research Future (MRFR). The market expansion rate can be 21.4% between 2020 and 2027 (assessment period), estimates MRFR. We will provide covid-19 impact analysis with the report, offering an in-depth appraisal of the market following the coronavirus disease outbreak.

The Cloud Point of Sale Market Analysis enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Cloud Point of Sale Market Analysis highlights the future prediction and the growth alternatives that can be created.

Considering the long term and short-term impact of the novel corona virus, the entertainment industry has been noted as the biggest gainer since the inception of the lockdown period. The shutting down of movie theatres has steered people towards alternatives like Amazon Prime Video and Netflix, with a significant jump in app downloads across regions. Since cloud-based point of sale offers high flexibility while maintaining data as well as applications on central remote servers, the current lockdown scenario further boosts its demand in the SARS-CoV-2 era.

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Segmentation:

The cloud POS market has been considered for component, organization size as well as end user.
The components included in the research are solutions and services. The types of services described in the report include consulting services, support and training services and implementing and integration services.
The size range of the organizations that deploy cloud POS are small & medium-sized enterprises (SMEs) as well as large enterprises. Since cloud POS is quite affordable, it is a sought-after commodity in SMEs and therefore observes an impressive demand.
The notable end users in the worldwide market are travel and hospitality, retail and e-commerce, transport and logistics, healthcare, and more.

Regional Analysis:

The cloud POS industry is spread across the primary regions of Europe, South America, North America, MEA or the Middle East and Africa and APAC or Asia Pacific.

In 2018, the most bankable market for cloud POS belonged to North America, with Europe, APAC and MEA trailing behind. The United States (US) is the top-performing market in the region, on account of the extensive cloud infrastructure and the vendors constantly indulging in partnership programs with IT giants in a bid to offer high-end cloud POS solutions to cater to higher number of end users.

However, it is APAC that can emerge as the fastest expanding market for cloud POS market over the appraisal period. The thriving e-commerce sector in India and China such as Flipkart, Snapdeal and Alibaba, along with the surge in digital transactions using cards has bolstered the growth of the cloud POS market in the region. The significantly expanding customer base as a result of the rising number of SMEs, combined with the reduction in total cost of ownership can lead to better business growth in the ensuing period. The flourishing retail industry coupled with the improving infrastructures across the region also adds to the industry’s strength.

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Table of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Modelx

3.6 List Of Assumptions

Continued….

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Covid-19 Impact Financial Analytics Market Size to exceed of USD 3.84 billion by 2027

Financial Analytics Market Size Scenario:

Global Financial Analytics Market Size to expand at a CAGR of 22.6% with the value reaching USD 3.84 billion by 2027.

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Financial Analytics Market Size. The growth sectors of the Financial Analytics Market Size are identified with precision for a better growth perspective.

The crucial factors enhancing the global analytics market 2020 are increasing demand for the data-driven financial agreement in the end-users. Development in business analytics tools and business intelligence (BI) is also bringing an impact on market growth. Also, the technological development in artificial intelligence (AI) and machine learning (ML), and the increasing establishment of predictive analytics offer profitable opportunities for solution providers in the market. But, concerns for privacy and security can act as an obstacle for market growth.

Financial analytics software allows financial managers and other executives to put in the lowest time in amassing financial and operational data. The time is instead used for regulating scenarios and forecasting results. The software assists with financial business intelligence which gives a 360-degree view of the business. The executives gain boosted visibility into costs, performance and resources; this assists them in the betterment of accuracy, competence, controls, and auditability thus allowing them in composing major strategic decisions.

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Competitive Outlook:

The major players in the global Financial Analytics Market Size are QlikTech International AB (US), Rosslyn Data Technologies (UK), Fair Isaac Corporation (US), Oracle Corporation (US), TIBCO Software Inc. (US), IBM Corporation (US), Zoho Corporation (India), Fair Isaac Corporation (US), Google (US), SAP (Germany), MicroStrategy Incorporated (US) , Teradata (US), ALTERYX, Inc. (US), TABLEAU SOFTWARE (US), Rosslyn Data Technologies (UK), Deloitte Touche Tohmatsu Limited (US), SAS Institute Inc. (US), and The key strategies adopted by most of the players are partnerships, agreements, collaborations, and the launch of solutions.

Segmentation:

The global Financial Analytics Market Size can be classified on the basis of organization size, vertical, component, application, deployment mode, and the region.
On the basis of organization size, the market has been segmented into small and medium enterprises (SME) and large enterprises. The large enterprises’ segment is estimated to have a larger market size during the forecast period. Large organizations deploy significant financial analytics to advance employee productivity.
On the basis of vertical the global Financial Analytics Market Size has been classified into retail & e-commerce, banking, financial services and insurance (BFSI), government and defense, energy and utilities, healthcare and life sciences, manufacturing and automotive, transportation and logistics, telecommunication and IT, and others. The BFSI segment is expected to acquire the maximum segment, as financial analytics expedites in asset and liability management, budgetary control, GRC (governance and risk and compliance), payables management, and profitability management, receivables management.
On the basis of components, the global Financial Analytics Market Size is classified into services and software. The software segment is estimated to have a greater market share, while the services segment is estimated to record the higher CAGR during the review period.
On the basis of application segments of the global Financial Analytics Market Size has been classified into risk, and compliance management, governance, wealth management, customer management, financial forecasting and budgeting, stock management, transaction monitoring, fraud detection and prevention, and others. The financial forecasting and budgeting is estimated to be one of the dominating verticals in the market and also record the highest CAGR.
On the basis of deployment mode, the market has been classified into on-premise and cloud-based. The cloud-based segment is estimated to display a higher CAGR during the review period due to the rising establishment of cloud technology globally.
On the basis of geography, the global Financial Analytics Market Size has been classified into Europe, Asia-Pacific, North America, and the Rest of the World (Row).

Regional Analysis:

The global Financial Analytics Market Size has been classified into Asia-Pacific, Europe, North America, and the Rest of the World (RoW). North America is estimated to be the greatest market with the US being a technologically modern country implementing these solutions with the largest number of leading market players.

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Table of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

2.4 Key Buying Criteria

2.5 Macro Factor Indicator Analysis

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List Of Assumptions

Continued….

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Virtual CPE Market Trends, Growth, COVID19 Impact Analysis on Industry Share, Demand and Forecast to 2027

Market Analysis

The Virtual CPE Market Trends is predicted to touch USD 2600 million at a whopping 27% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis. Virtual CPE, simply put, is an alternative means to deliver subscribers with broadband services where a major part of the CPE function is pulled in to the network of the operator and located adjacent the service edge.

Various factors are adding to the virtual customer premises equipment (vCPE) market share. As per the current MRFR report, such factors include growing need for mobility, cost optimization benefit to maintain hardware, burgeoning need for cloud-based or virtual solutions, increasing use of virtual CPE network infrastructure, increasing use of internet technologies, and increasing complexity of networks.

On the flip side, the lack of technical expertise, limited knowledge, and the threat to data security and reliability are factors that may impede the growth of the market during the forecast period. Besides, the ongoing COVID-19 impact has also affected the market growth to a certain extent and is likely to get back to normalcy soon.

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Market Segmentation

The Virtual CPE Market Trends is segmented on the basis of solution, service, deployment, and application.

By service, the market is split into managed service & professional service. The professional service is again segmented into maintenance, consulting, support services, and integration services. Among these, professional services will spearhead the market over the forecast period.

By solution, the market is split into virtual equipment solution, security, and compliance, infrastructure management, & others.

By deployment, the market is split into a cloud-hosted CPE model & CPE model.

By application, the market is split into enterprise applications & residential applications. Among these, the enterprise segment will have lions share in the market over the forecast period.

Regional Analysis

Based on the region, the global Virtual CPE Market Trends report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The presence of well-established economies, and increased use of SDN and NFV in telecom companies and data centers, use of advanced technology are adding to the global Virtual CPE Market Trends growth in the region. Besides, higher adoption in enterprises and the established technological market is also adding market growth. The US holds the utmost share in the market.

In Europe, the Virtual CPE Market Trends will hold the second-largest market share during the forecast period. Increasing use of latest virtual CPE features is adding to the global Virtual CPE Market Trends growth in the region.

In the Asia Pacific region, the Virtual CPE Market Trends is likely to develop at the highest CAGR over the forecast period. The growing need for cloud-based solutions and enterprise mobility, coupled with the rapid expansion of enterprises, is adding to the global Virtual CPE Market Trends growth in the region.

In the RoW, the Virtual CPE Market Trends is projected to have sound growth over the forecast period.

Key Players

Leading contenders profiled in the global Virtual CPE Market Trends report comprise AT&T, Inc (U.S.), Ericsson AB (Sweden), Dell, Inc (U.S.), Intel Corporation (U.S.), Orange Business Services (The Netherlands), International Business Machines, Corporation (U.S.), Verizon Wireless (U.S.), Cisco Systems, Inc (U.S.), Qosmos (France), and NEC Corporation (Japan). Other players include RAD Data Communications (Israel), Juniper Networks, Inc (U.S.), Lanner Electronics Incorporated. (Taiwan), Cloudify Platform Ltd (U.S.), Versa Networks, Inc. (U.S.), Hewlett Packard Enterprises (HPE) (U.S.), Criterion Networks, Inc (U.S.), Huawei Technologies Co., Ltd (China), Anuta Networks (U.S.), Brocade Communications System, Inc (U.S.), Accedian Networks Inc. (Canada), F5 Networks, Inc (U.S.), Arista Networks, Inc (U.S.), Ciena Corporation (U.S.), ALTEN Calsoft Labs (U.S.), ADVA Optical Networking SE (Germany), Fortinet Inc. (U.S.), and others.

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Future Analysis For Security As A Service Market Forecast By 2020 – 2027

Market Analysis

Various factors are fuelling the demand for the global Security As A Service Market. Such factors, as revealed by the new MRFR analysis, include the rise in cybercrime activities, rising trend of mobile devices, growth of sensitive organizational data, increase in the use of cloud technology, need for more cost-effective and protected security solutions, strict government regulations, rise in e-businesses, growing awareness about data security, growing trend of BYOD and IoT, and increasing adoption of managed security practices.

The Security As A Service (Secaas) Market is projected to reach USD 14.25 billion at a healthy 21.59% CAGR between 2020- 2027, states the new MRFR’s security as a service market forecast. Security as a service or SaaS, or SECaaS is an outsourcing model for security management. Defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others are some of its end users.

On the contrary, the on-going COVID-19 impact, the dynamic & increasing nature of cybercrime, reluctance to share sensitive data, accessibility of security services that are free of cost, and hesitation by organizations to cloud-based security may limit the global security as a service market growth over the forecast period.

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Market Segmentation

The security-as-a-service market has been bifurcated on the basis of vertical, organization size, application area, and component.

The security-as-a-service market by component has been segmented into service and solution. The solution segment is again segmented into data loss prevention, email encryption, intrusion detection, and prevention systems, identity access management, security information and event management, endpoint protection, and others. The service segment is again segmented into managed services and professional services. Of these, the services will lead the market over the forecast period.

Based on the application area, the global security as a service market is segmented into web security, database cloud security, email security, network security, and others. Of these, the network security will dominate the market over the forecast period.

Based on organization size, the global security as a service market is segmented into large enterprise and SME. Of these, the SME will have a major share in the market over the forecast period.

Based on vertical, the global security as a service market is segmented into defense, government, healthcare, retail, IT and telecom, oil and gas, BFSI, and others. Of these, the BFSI and healthcare will have stay at the forefront in the market over the forecast period.

Regional Analysis

By region, the global SECaaS market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will lead the market over the forecast period. Increasing use of cloud-based services, technological advances, presence of leading providers, the growing trend of IoT and BYOD, and increasing external and internal threats are adding to the global security as a service market growth in the region. The US, Mexico, and Canada have the utmost share in the market.

In the APAC region, the security as a service market is predicted to grow at a fast pace over the forecast period. Need for data protection, increasing cyber-attacks, complete adoption of cloud-based security by large enterprises, vast customer base, the constant expansion of economies in the IT, government, education, and manufacturing sectors, and increase in adoption of cloud computing and cloud technology providers in Japan, India, and China are adding to the global security as a service market growth in the region.

In Europe, the global security as a service market is predicted to have sound growth over the forecast period. An increase in cyber-attacks, rise in hosted servers, presence of large enterprises, rise in data theft, and increasing adoption of cloud-technology by healthcare industry verticals and BFSI in Germany are adding to the global security as a service market growth in the region.

In the RoW, the global security as a service market is predicted to have steady growth over the forecast period.

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Key Players

Leading contenders profiled in the global security as a service market report include SecureWorks (US), Verizon (US), International Business Machines Corporation (US), Radware Ltd (Israel), Alert Logic Inc. (US), Zscaler Inc. (US), CipherCloud (US), Panda Security (Spain), Fortinet Inc. (US), Cisco Systems Inc. (US), Trend Micro Incorporated (Japan), Intel Corporation (US), and Symantec Corporation (US).

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Future Analysis For Blockchain in Supply Chain Market Companies Forecast By 2020 – 2027

Blockchain in Supply Chain Market Companies Scenario:

According to MRFR, the Global Blockchain IoT Market 2020 was valued at USD 124.58 Million in 2019 and is projected to record a CAGR of 93.4% during the forecast period.

Adoption of the Internet of Things ( IoT) has increased the adoption of diverse advanced technologies such as edge computing, artificial intelligence, cloud computing, and blockchain. Blockchain provides the IoT networks, apps and applications with a decentralized and scalable environment and allows the connected devices to enhance ecosystem security. The IoT provides the various companies with a wide range of opportunities to conduct their operations smartly, and blockchain has immense potential for various industries including BFSI, automotive, manufacturing, and healthcare.

The IoT and blockchain combination has allowed end-users to make their systems efficient. The main driving factors for the growth of the blockchain IoT market are IoT ‘s increasing adoption and the need to improve operational efficiency. Factors expected to generate substantial opportunities for players operating in the market during the forecast period are a growing number of government initiatives for the adoption of blockchain IoT worldwide and its increasing usage in the construction sector. Nonetheless, high processing power and time demands and higher latency with a rise in node numbers are estimated to impede market growth over the forecast period.

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Competitive Outlook:

The major players in the Global Blockchain IoT Market are Amazon.com, Inc. (the US), IBM Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Cisco Systems (US), R3 (US), Chronicled (US), Filament (Nevada), Ethereum Foundation (Switzerland), KrypC (India), The Linux Foundation (US), ArcTouch (US), Filament (Nevada).

Multiple Factors to Boost Market Growth

The growing demand for data monetization as it enables blockchain and AI technologies for smaller businesses is expected to drive demand for blockchain AI. Furthermore, the increasing usage of cloud-based technologies and the Internet of Things (IoT) is opening up new opportunities for blockchain AI solution providers. Blockchain AI improves data security, boosts trust in robotic decisions, aids in collective decision-making, and decentralizes intelligence. Blockchain AI provides a decentralized and scalable environment for diverse platforms, devices, and applications, as well as allowing connected devices to improve security and operational efficiency in ecosystems.

Segmentation:

The worldwide Blockchain in Supply Chain Market Companies can be divided on the grounds of provider, application, vertical, and region.
On the grounds of the provider, the worldwide Blockchain in Supply Chain Market Companies can be divided into middleware providers, infrastructure, protocol providers, and application & solution providers.
On the grounds of application, the worldwide Blockchain in Supply Chain Market Companies can be divided into risk & compliance management, payment & settlement, smart contracts, counterfeit detection, product traceability, and others.
On the grounds of vertical, the worldwide Blockchain in Supply Chain Market Companies can be divided into manufacturing, logistics, healthcare and life sciences, oil and gas, retail and consumer goods, and others.
On the grounds of the region, the worldwide Blockchain in Supply Chain Market Companies can be divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

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Regional Analysis:

The global blockchain IoT industry geographic study was carried out for North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Owing to the early adopters of emerging technologies such as IoT and blockchain, North America has the largest market share. The North American market was further split into the US, Canada, and Mexico. The United States accounted for a considerable share of the market, followed by Canada and Mexico.

Due to the adoption of IoT technology across various industry verticals, Asia-Pacific is expected to be the fastest-growing regional market during the review period. Europe is projected to be the world’s second-largest blockchain IoT market in the predicted time span. The market is expected to grow at a rapid pace in countries like the UK and Germany in the coming few years.

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Public Safety Analytics Market Growth Key Competitors Analysis with Recent Trends, Size, Industry Share and Regional Forecast to 2027

The Public Safety Analytics Market Growth is burgeoning globally. The market growth attributes to the increasing adoption of data analytics solutions for public safety by law enforcement & intelligence and border control agencies. Public safety & security agencies use the data collected by these analytics to gain useful, actionable insights to prevent crimes and maintain public safety. Besides, the increasing rate of criminal activities and terrorist attacks creates substantial market demand.

Advances in business intelligence, such as real-time data stream analytics and machine learning used to make predictions escalate market growth. According to Market Research Future (MRFR), the global Public Safety Analytics Market Growth is poised to reach a valuation of USD 11.75 BN by 2027, growing at 16.22% CAGR throughout the forecast period (2021-2027). Increasing rates of criminal activities and cross-border terrorism promote the demand for security measures to control these activities.

Additionally, the augmenting demand for the improved safety features from the public transportation security, critical infrastructure security, and manufacturing sectors escalates market sales. The intense competition in the public security field encourages vendors to differentiate their product offerings to beat the competition. As a result, futuristic features offered at competitive prices foster market growth, increasing the uptake of public safety analytics.

Simultaneously, the need for stringent government policies & regulations for public safety analytics influences the market growth. Technological advances in components used in public safety analytics, efficient & responsive connected devices and user-friendly, unconventional safety systems provide impetus to the market growth.

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On the other hand, the lack of technical competencies and the high initial investment associated with the implementation of safety systems are the significant factors projected to obstruct the market growth. Nevertheless, well-spread awareness about the importance of the safety systems and the safety measures would support the market growth throughout the assessment period.

Public Safety Analytics Market Growth – Segmentation

The report is segmented into six dynamics;

By Analytics Type : Predictive Analytics, Prescriptive Analytics, Descriptive Analytics, and others.

By Deployment Type : On-premise and Cloud.

By Application : Pattern Recognition, Incident Detection, Person Of Interest Screening, Surveillance, and others.

By Vertical : Law Enforcement & Intelligence Agencies, Border Control, Public Transportation Security, Critical Infrastructure Security, and others (manufacturing and emergency services).

By Component : Solution (Video Analytics, Social Media Analytics, Identity Analytics, Sensor Data Analytics, others (speech analytics, text analytics, and crowd analytics) and Service (System Integration, Support & Maintenance, Consulting Services, Managed Services, others).

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

Public Safety Analytics Market Growth – Regional Analysis

North America dominates the global Public Safety Analytics Market Growth. The largest market share attributes to the presence of major public safety solution providers and well-established technology development centers in the region, allowing the early adoption of advanced technologies. Besides, the growing demand for safety and comfort features drive the growth of the market in the region.

Moreover, the well-established defense sector in the region creates opportunities for market players. With their advanced public safety technologies, the US and Canada markets boost the market growth in this region. The North American Public Safety Analytics Market Growth is projected to retain its dominance throughout the estimated period.

Europe stands second in the global Public Safety Analytics Market Growth. The market growth is driven by the extensive adoption of advanced public safety technologies. The European Public Safety Analytics Market Growth is estimated to grow at a significant rate during the forecast period.

The Asia Pacific region is a substantially sizable market for public safety analytics in terms of size and volume. Factors such as sizable investments in smart city projects and rising adoption of public safety analytics solutions drive the regional market growth. Also, the continuous increase in technologies and the presence of a number of technology providers in the region propel market growth. Additionally, increasing awareness about advanced public safety solutions acts as a major tailwind for the development of the regional market.

Public Safety Analytics Market Growth – Competitive Landscape

Highly competitive, the Public Safety Analytics Market Growth appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players to support their growth and expansion plans. They strive to deliver reliable, leading-edge solutions and services, investing substantially in R&D to develop adept technologies. They continuously upgrade and launch new solutions and services, especially in emerging economies.

Major Players:

Players leading the Public Safety Analytics Market Growth include IBM (US), Hexagon (Sweden), Cisco (US), SAP (Germany), NEC (Japan), Esri (US), Nice Systems (Israel), SAS (US), Splunk (US), Hitachi Vantara (US), Verint Systems (US), and Haystax (US), among others.

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AI In Aviation Market Growth Key Competitors Analysis with Recent Trends, Size, Industry Share and Regional Forecast to 2027

North America to Dominate AI In Aviation Market Growth

The global AI In Aviation Market Growth is expected to exhibit a strong CAGR of 46.83% over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global AI In Aviation Market Growth is expected to reach a valuation of more than USD 1 billion by 2027, rising from a valuation of USD 113.29 million in 2020. The report makes a detailed analysis of all factors affecting the global AI In Aviation Market Growth over the forecast period. The leading players operating in the global AI In Aviation Market Growth are also profiled in the report. The impact of the COVID-19 pandemic on the global AI In Aviation Market Growth is also assessed in the report.

AI, or artificial intelligence, has several uses in the aviation industry. Rapid development of AI technology has led to widespread adoption of the technology in the aviation industry in recent years. Several areas of fleet and operations management have shown promise for the use of AI, due to the capability of AI to handle complicated, multifarious algorithms and calculations. Dynamic pricing is one of the most basis uses of AI in the aviation industry. Dynamic pricing comprises calculating the airfare based on various factors such as passenger characteristics, seat availability, and current market conditions. Dynamic pricing allows airliners to accrue maximum airfares with respect to the base fare. Flight delay prediction is another key use of AI in the aviation industry and is likely to become increasingly popular over the coming years. Flight route optimization is also a major application of AI in the aviation industry.

The growing aviation sector is also likely to be a major driver for the AI In Aviation Market Growth. Due to falling air fares, commercial aviation has become popular with a widening range of consumers. Cheap air fares allow consumers from lower economic strata to use air travel, widening the horizons of the aviation industry.

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Segmentation:

The global AI In Aviation Market Growth is segmented on the basis of type, equipment, technology, application, and region.

By type, the global AI In Aviation Market Growth is segmented into hardware, software, and services. The hardware segment is further sub-segmented into processors, memory, and networks. The software segment is further categorized as AI platforms and AI solutions. The services segment is further sub-segmented as integration and deployment, and support and maintenance.

By equipment, the global AI In Aviation Market Growth is segmented into autocollimator, measuring microscope, profile projector, optical digitizers and scanners, coordinate measuring machine, and vision measuring machine.

By technology, the market is segmented into machine learning, natural language processing, context awareness computing, and computer vision. The machine learning segment is further sub-segmented into deep learning, supervised learning, unsupervised learning, semi-supervised learning, and reinforcement learning. The machine learning segment is likely to dominate the global AI In Aviation Market Growth over the forecast period.

By application, the global AI In Aviation Market Growth is segmented into surveillance, virtual assistance, flight operations, smart logistics, smart maintenance, training, dynamic pricing, manufacturing, and others. The manufacturing segment is further sub-segmented into material movement, inspection and predictive maintenance, production planning, quality control, and waste reclamation.

Competitive Leaderboard:

Leading players in the global AI In Aviation Market Growth include Searidge Technologies, Cognitive Code, Innovative Binaries, IRIS Automation, Pilot AI Labs, Northrop Grumman Corporation, Lockheed Martin Corporation, Thales SA, Xilinx, Micron Technology, Samsung Electronics, Neurala Inc., NVIDIA Corporation, Microsoft Corporation, Amazon, General Electric, Boeing, Airbus SE, IBM Corporation, Garmin Ltd., and Intel Corporation

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Regional Analysis:

North America dominates the global AI In Aviation Market Growth due to the growing aviation sector in the region and the growing development of AI technologies in the region. North America is a development hotspot for AI technologies due to the presence of several leading players in the region. This is likely to remain a major driver for the AI In Aviation Market Growth in North America over the forecast period.

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Route Optimization Software Market Growth Analysis, Drivers, Opportunities, Trends, Applications, And Growth Forecast To 2027

Route Optimization Software Market Growth Scenario:

The Route Optimization Software Market Growth is accelerating fast as online cab booking service becoming a household method to hail cabs. The software aims at maximizing the workflow by bringing in logistics, traditional & static planning, and real-time data under one single umbrella to chart a course that can satiate customer expectations. The global Route Optimization Software Market Growth is expected to ride high with an 11.4% CAGR during the forecast period (2020-2027) and touch the market milestone of USD 5.07 billion by 2027, asserts Market Research Future (MRFR) in a detailed report. It further includes ballooning online cab booking services, and features such as easy deployment, cost-effectivity and ability to optimize workflow, as chief drivers to help the market expand in coming years.

The COVID-19 pandemic disruption is estimated to transform the Route Optimization Software Market Growth in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Route Optimization Software Market Growth meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.

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Segmentation:

The Global Route Optimization Software Market Growth can be segmented by component, deployment, organization size, and vertical.

By component, the market can be segmented into software and services with software leading the market. Further segments of services are consulting services, map integration & software deployment, and support & maintenance.

Deployment-wise, the market comprises on-cloud and on-premises. On-cloud segment is the fastest growing one. On-premises is leading the segment.

Based on organization size, the market includes small & medium enterprises (SMEs), and large enterprises. Large enterprises segment is the leading one, whereas, SMEs can accelerate the most during the forecast period.

Vertical-based segmentation of the Route Optimization Software Market Growth includes on-demand food delivery, retail & FMCG, field services, ride-hailing & taxi services, others. Retail & FMCG is leading the market, whereas, field services segment can attain the fastest CAGR during the forecast period.

Regional Analysis:

Region-wise segmentation of the Route Optimization Software Market Growth spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America can be acknowledged the market leader based on its ability to generate revenues. It gets further boosting from the presence of major international companies. However, most of the profit the regional market has been making can be attributed to the infrastructural superiority. The region is fast catching up with the cloud-based and web-based technology as the residents are more willing to integrate the latest technologies into their lifestyle. Furthermore, an increasing amount of disposable income in the area can be seen as a potential market factor.

Europe is the second largest market, and its growth relies mostly on its shared features with North America. The APAC region can record the fastest CAGR during the forecast period. The region is witnessing several lifestyle changes, such as urbanization, rising level of disposable income and digitalization. As a result, smartphone sale has skyrocketed, and companies are getting fast accustomed with logistics management. The lure of eased out workflow has got the companies glued which are spurring the regional Route Optimization Software Market Growth growth. Among the countries, Singapore, South Korea, India, and China are impacting the regional market the most.

Competitive Outlook:

Prominent players involved in the Route Optimization Software Market Growth are Omnitracs, ALK Technologies, Quintiq, Descartes, Caliper, Esri, Microlise, Llamasoft, Ortec, Paragon Software Systems, PTV Group, Route4me, Routific, Google, and others.

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