The global Big Data as a Service (BDaaS) market was valued at US$16.125 billion in 2018 and is expected to grow at a CAGR of 19.08% over the forecast period to reach a total market size of US$45.969 billion in 2024. Big Data as a Service (BDaaS) is a term used to refer to services that offer an analysis of large or complex data sets, usually over the Internet, as cloud-hosted services. The market of BDaaS is boosting on account of the increasing demand for statistical analysis as a massive amo Read more...
Identity as a Service market is projected to grow at a CAGR of 12.48% during the forecast period, reaching a total market size of US$3.404 billion in 2024 from US$1.681 billion in 2018. Identity as a service (IDaaS) comprises cloud-based solutions for identity and access management (IAM) functions, such as single sign-on (SSO). These methods allow all users to more securely access sensitive information both on and off-premises. Growing cybersecurity threats to the data and increasing demand fo Read more...
The cloud supply chain management market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. The growth of this market is majorly attributed to continuous shifting of business processes towards cloud as enterprises continue to increase their focus on agility while adopting solutions which can increase their profit margins by streamlining the business processes. Read more...
The Artificial Intelligence as a Service (AIaaS) market was valued at US$1.907 billion in 2017 and is expected to grow at a CAGR of 40.38% over the forecast period to reach a total market size of US$14.596 billion by 2023. Continuous advancements in the field of artificial intelligence, on account of increasing investments into R&D by major players, have been increasing its popularity among enterprises across industries. However, high initial costs associated with adoption of AI had, for long, b Read more...
The cloud endpoint security market was valued at US$0.752 billion in 2017 and is expected to grow at a CAGR of 14.85% over the forecast period to reach a total market size of US$1.726 billion by 2023. The growth of this market is majorly attributed to rapid growth of cloud computing across the globe. Continuous digitization of business processes is pushing the enterprises towards cloud. As vendors in the cloud market continue to improve their offerings, the services are being adopted by both SME Read more...
The cloud Operations Support System (OSS) Business Support System (BSS) market was valued at US$XX.XX billion in 2018 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2024. The growth of cloud OSS BSS is majorly attributed to rapid growth of communication and technology industry in many regions. Continuously increasing customer base for telecommunication service providers worldwide, driving with the costs associated with s Read more...
The cloud IDS IPS market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. Numerous benefits offered by cloud over On-premise infrastructure have been catalyzing the migration of enterprises towards it. Rapid growth of industries and increasing digitization of business processes is exponentially increasing the volume of data in cloud. Rising incidence of cyber-attacks and increasin Read more...
The Business Process as a Service (BPaaS) market is projected to grow at a CAGR of 7.12% during the forecast period of 2018 to 2024. Increasing penetration of advanced technologies into industries has been fueling the digitization of many business processes among the enterprises. However, stringent regulations regarding data security have been res Read more...
The industrial robots for food & beverage industry market is projected to grow at a CAGR of 16.71% to reach US$3,025.464 million by 2024, from US$1,197.004 million in 2018. Robotics will definitely play an important role in the evolution of the next-generation technologies, hence the use of robots in food and beverages industries will emanate the market growth in the forecast period and beyond. Growing automation is further driving the growth of global industrial robots in the food &a Read more...
The global cleaning robot market is projected tgrow at a CAGR of 14.05% during the forecast period of 2017-2023. Cleaning robots are a type of service robots which are used for cleaning application of various surface including floor, pool, carpet, stairs, and grills among various others. Institutions are making use of these robotic systems tincrease factory automation solutions deployed by them and the reliability and cost-effectiveness it offers. Improvement in reliability, reduction in depende Read more...
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