Endpoint Detection And Response Market Predicted to Witness Steady Growth During the Forecast Period

 Endpoint Detection And Response Market Growth & Trends

The global endpoint detection and response market size is expected to reach USD 16.89 billion by 2030, expanding at a CAGR of 24.9% from 2023 to 2030, according to a recent report by Grand View Research, Inc. The market for endpoint detection and response (EDR) is expected to continue its growth in the coming years due to the increasing adoption of servers, network devices, and mobile devices in the workplace and the need to secure and manage them. 

Furthermore, the growing demand for cloud-based EDR solutions across BFSI and IT & telecom industries has fueled the demand for the market. Moreover, the ongoing trend of Bring Your Own Device (BYOD) has led to an increase in the number of personal devices that need to be managed and secured within an organization.

EDR solutions use innovative threat intelligence, machine learning, and behavioral analysis algorithms that detect threats and suspicious activities leading to security breaches. These solutions are designed to detect real-time potential threats on endpoint devices such as servers, memory devices, mobile devices, and other point-of-sale devices, thereby helping the organization enhance its security posture through the rapid response capability.

As more organizations adopt BYOD policies or provide employees with company-owned devices, the demand for EDR solutions is expected to continue to grow, boosting the endpoint detection & response (EDR) market growth. Moreover, the COVID-19 pandemic has impacted the work culture globally, compelling offices to adopt a work-from-home environment, where the need for EDR solutions has increased, in order to secure and manage employee devices outside the organization's network perimeter.

However, the high costs of implementation, operation, and maintenance of EDR solutions among small- & medium-sized enterprises are anticipated to hamper the market growth. The cost of implementing EDR solutions varies, depending on the size of the enterprise, endpoint devices, and the pricing model of the vendor. Additionally, these solutions require additional hardware and software components that further enhance the overall deployment cost.

To overcome this challenge, many vendors have started deploying cloud-based EDR solutions, which are considered a cost-effective alternative to on-premise solutions and can be purchased on a subscription basis model. This helps the customer to realize substantial cost savings, thus driving their adoption.

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Endpoint Detection And Response Market Report Highlights

• The services segment is anticipated to observe the highest CAGR of 25.8% during the forecast period. The increasing adoption of managed services to overcome the pressure on internal IT teams to manage and secure devices such as servers, mobile devices, and network devices within organizations is expected to propel the growth of the segment
• The point-of-sale segment is anticipated to observe a CAGR of 26.9% during the forecast period. EDR solutions are becoming increasingly important for managing financial abnormalities, thereby protecting them from cybercriminals targeting to steal financial data
• The cloud segment is projected to expand at a CAGR of 26.3% during the forecast period. Cloud-based EDR solutions offer a secure, convenient, and cost-effective way for enterprises to secure and manage their endpoint devices. They provide a variety of benefits that can help enterprises enhance their efficiency and productivity while protecting their crucial data
• The small and medium-sized enterprises (SMEs) segment is anticipated to expand at a CAGR of 25.6% during the forecast period. SMEs are increasingly adopting EDR solutions, driven by the growing use of endpoint devices in the workplace and the need for improved security and device management
• The retail and e-commerce segment is anticipated to advance at the highest CAGR of 28.3% during the projection period. Retailers have increasingly adopted EDR solutions to streamline financial management, increase security, and improve productivity
• Asia Pacific region is expected to expand at the fastest growth rate of 27.2% from 2023 to 2030, owing to the increasing rate of cybercrimes in emerging economies such as India and China. The region is also home to many small and medium-sized enterprises (SMEs) that are adopting EDR solutions to manage and secure their mobile device

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Endpoint Detection And Response Market Segmentation

Grand View Research has segmented the global endpoint detection and response (EDR) market based on solution, deployment, endpoint device, enterprise size, vertical, and region:

Endpoint Detection And Response (EDR) Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Software
• Service
  • Professional Services
  • Managed Services

Endpoint Detection And Response (EDR) Endpoint Device Outlook (Revenue, USD Billion, 2018 - 2030)

• Network Devices & Servers
• Mobile Devices
• Point Of Sale (POS) Devices
• Others

Endpoint Detection And Response (EDR) Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud
• On-premise

Endpoint Detection And Response (EDR) Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small & Medium-Sized Enterprises
• Large Enterprises

Endpoint Detection And Response (EDR) Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare & Life Sciences
• Government & Defense
• Retail & E-commerce
• IT & Telecom
• Energy & Utilities
• Manufacturing
• Others

Endpoint Detection And Response (EDR) Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in the Endpoint Detection And Response (EDR) Market

• Bitdefender
• Broadcom, Inc.
• Cisco Systems
• CrowdStrike
• ESET
• FireEye
• Fortinet
• Kaspersky
• McAfee
• Microsoft Corporation
• Palo Alto Networks
• SentinelOne
• Sophos
• Trend Micro
• VMware Carbon Black

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Expansion of India Automotive Market During 2020– 2027 to Gain Robust Traction: Grand View Research Inc.

 India Automotive Market Growth & Trends

The India Automotive market demand is expected to reach 6,920,991 units by 2027, according to a study conducted by Grand View Research, Inc. It is anticipated to register a CAGR of 11.3% from 2020 to 2027. The automotive demand is driven by the rapid adoption of technology and the strong policy support from the government. Additionally, increasing awareness about environmental concerns resulting in the adoption of alternate fuel vehicles (CNG, EVs), which, in turn, is driving the market growth.

Technological advancements in the entire supply chain are anticipated to drive the market in the next seven years. For instance, companies are adopting alternate channels such as e-commerce websites to sell vehicles. Selling commercial vehicles through e-commerce websites helps the OEMs in widening their distribution network and reducing the infrastructure and labor costs. For example, Eicher Motors Limited has recently launched five new vehicles that are exclusively available through the e-commerce channel. Similarly, sales of Tata Motor’s small commercial vehicles and pickups have increased by 25% after the company opted for the e-commerce channel to sell its vehicles.

Amid the pandemic, the need to adhere to social distancing norms has encouraged consumers to invest in personal mobility options. This demand for personal transport options is a silver lining for automakers and is expected to marginally favor the growth of the country’s automotive industry over the forecast period. Isolated transport options are emerging as the need of the hour, with several consumers opting for entry-level cars amid economic uncertainties. Shared mobility is expected to take a hit in the light of this ongoing trend. As the trend is significantly impacted by the consumer’s spending power, it is expected that consumers with high spending capacity will dominate the sales of personal transportation options.

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India Automotive Market Report Highlights

• The 2 to 3.5 Tons segment is anticipated to expand at the fastest CAGR exceeding 15.5% over the forecast period in the light commercial vehicle owing to their compact size and relatively lower prices
• The hatchback segment held the largest market share of 49.17% in 2019. This share is attributed to the increasing usage of small passenger vehicles by middle-class families
• The more than 25 tons segment held almost half of the total heavy trucks market in 2019. This is attributable to the rising usage of heavy trucks in the construction and mining industry
• The three-wheeler segment is anticipated to expand at a CAGR of 10.6% over the forecasted period. Passenger transport over short distances is the primary factor driving the segment demand

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India Automotive Market Segmentation

Grand View Research has segmented the India automotive market based on passenger vehicles, light commercial vehicles, heavy trucks, bus and coach, and three-wheelers:

India Automotive Passenger Vehicle Outlook (Volume, Units, 2016 - 2027)

• Sedan
• Hatchback
  • Mini Hatchback
  • Small Hatchback
• SUVs
• MUVs/MPVs/Vans

India Automotive Light Commercial Vehicle Outlook (Volume, Units, 2016 - 2027)

• Less than 2 Tons
• 2 to 3.5 Tons
• 5 to 7.5 Tons

India Automotive Heavy Truck Outlook (Volume, Units, 2016 - 2027)

• 5 to 12 Tons
• 12 to 25 Tons
• More than 25 Tons

India Automotive Bus & Coach Outlook (Volume, Units, 2016 - 2027)

• 5 to 7.5 Tons
• 5 to 12 Tons
• More than 12 Tons

India Automotive Three Wheelers Outlook (Volume, Units, 2016 - 2027)

List of Key Players in the India Automotive Market

• Ashok Leyland
• Bajaj Auto Ltd.
• Daimler AG
• Eicher Motors Limited
• Honda Motor Co., Ltd.
• Hyundai Motor India
• Mahindra and Mahindra Ltd.
• Maruti Suzuki India Limited

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Factoring Services Market to Register Stable Expansion During 2023– 2030: Grand View Research Inc.

 Factoring Services Market Growth & Trends

The global factoring services market size is expected to reach USD 7,005.90 billion by 2030 and expand at a significant CAGR of 9.2% from 2023 to 2030. The remarkable growth can be attributed to the rise in open account trading and cross-border business, and the expansion of the manufacturing industry in Asian countries such as China and India is expected to boost the growth of this market. Besides, the need of startups and Small & Medium Enterprises (SMEs) for an alternative source of finance propels the demand in this market. Additionally, the implementation of technological advancements such as Blockchain and distributed ledger will improve the overall supply chain process by reducing operational costs and enhancing security across the system.

A rise in demand for factoring services can be seen due to its ability to customize depending upon the client’s requirement unlike bank loans, the factoring services are based on the current value of the sales ledger and not on historic management information. Factoring does not result in an increase in liability, as it is a transaction of sale and not a loan. A few factors, including archaic regulations, foreign currency restrictions, continued usage of stamp duty tax, and traditional laws restricting the right of assignment, might slow down the growth for a short period. However, several service providers are observed to utilize the latest technologies to overcome such problems.

The factoring services providers such as Eurobank, Société Générale S.A., REV Capital, and Tradewind Finance are adopting various business strategies to improve their services portfolio and attract potential business clients. For instance, in April 2022, Eurobank Factors, a subsidiary of Eurobank, unveiled new improvements to its factoring and launched new digital reverse factoring services. The bank’s new digital reverse factoring services are aimed at assisting clients in improving their cash flow ratio and providing clients with a loyalty scheme on lenient terms. The new services would aid the bank in expanding its customer base for factoring services in the EMEA region.

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Factoring Services Market Report Highlights

• The international market is expected to witness considerable growth of CAGR of 9.8% over the forecast period. This is due to the rapid growth of trade among emerging economies such as China, India, and Thailand which are exporting products to other developing countries
• The non-recourse segment is expected to grow considerably during the forecast period with a CAGR of 9.6%, as the non-recourse service providers perform thorough credit evaluations and offer credit protection against bad debts. Additionally, many large enterprises collaborate with factoring firms to offload their account receivables and clean up their balance sheets, which will help this segment grow further
• The bank segment accounts for the highest market share in 2022 and throughout the forecast period. The growing cross-border transactions and adoption of mobile-based payment channels are anticipated to propel the segment growth over the forecast period. Market players such as Punjab National Bank, SBI Global Factors Ltd., and Deutsche Factoring Bank are adopting mergers & acquisitions, and partnerships to upgrade their products and gain a competitive advantage in the market
• The healthcare segment is anticipated to grow with a considerable CAGR of 10.5% over the forecast period. Slow payments are very common across the healthcare industry which hinders expansion and makes it tough to cover expenses, thus, numerous healthcare firms depend on factoring services providers. Additionally, healthcare factoring firms provide advanced payments for third-party payers (Medicaid, Medicare, or private insurance), and offer support to cover the lease cost of equipment, these factors will further boost the growth of the healthcare industry
• The Asia Pacific market is expected to grow with the fastest CAGR of 11.5%, owing to infrastructural and industrial growth in the region. Additionally, India and China, the world’s most densely populated countries are present in the Asia Pacific region where the demand for factoring services is higher among SMEs

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Factoring Services Market Segmentation

Grand View Research has segmented the global factoring services market based on category, type, financial institution, end-use, and region.

Factoring Services Category Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Domestic
• International

Factoring Services Type Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Recourse
• Non-Recourse

Factoring Services Financial Institution Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Banks
• Non-Banking Financial Institutions

Factoring Services End-use Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Manufacturing
• Transport & Logistics
• Information Technology
• Healthcare
• Construction
• Others (Staffing Agencies, Advertising, Oilfield Services, And Commercial Food & Beverages)

Factoring Services Regional Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Chile
  • Argentina
• MEA
  • U.A.E.
  • Saudi Arabia
  • South Africa

List of Key Players in the Factoring Services Market

• altLINE (The Southern Bank Company)
• Barclays Bank PLC
• BNP Paribas
• China Construction Bank Corporation
• Deutsche Factoring Bank
• Eurobank
• Factor Funding Co.
• Hitachi Capital (UK) PLC
• HSBC Group
• ICBC China
• Kuke Finance
• Mizuho Financial Group, Inc.
• RTS Financial Service, Inc.
• Société Générale S.A.
• TCI Business Capital

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Gardening Equipment Market Poised to Expand at a Robust Pace of USD 138.89 Billion Over 2030: Grand View Research Inc.

 Gardening Equipment Market Growth & Trends

The global gardening equipment market size is projected to reach USD 138.89 billion by 2030, registering a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as an increase in the middle-class population, an increase in disposable income, and technical advancements in the gardening equipment sector are driving the market growth. The main constraints restricting market growth, however, are seasonal change. Additionally, product advancements like lightweight equipment and the rise in popularity of smartphone gardening apps can prompt target consumers to purchase these products. During the forecast period, the surge in digitalization is anticipated to increase market opportunities for the market.

Sales of gardening products would increase due to the growing popularity of riding/tractor lawnmowers and chainsaws, particularly zero-turn variants. Hybrid tools that are now popular could increase demand for gardening equipment. The bulk of electric cordless lawn and garden equipment having small batteries which typically only have an hour or less of runtime has prompted the development of hybrid tools. Hybrid tools include an inbuilt charging system, which effectively solves this issue, thus encouraging market growth.

The increasing emphasis on smart cities landscape is gaining traction among city planners and architectures. The use of technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), automation, and Machine Learning (ML) is showing potential to support market growth, For instance, using technologies such as the Internet of Things (IoT) for smart sprinklers makes irrigation and watering gardens an effortless task for property managers and homeowners. The programming of smart sprinklers enables individuals to set the timing to water plants along with controlling how much water to provide the plants. Smart irrigation technology can cut water waste by 20% to 40% compared to traditional watering technology. Based on the current regional meteorological information and soil moisture conditions, it can objectively determine whether to water plants and how much to water them, enabling flexible changes to irrigation placement and timing. Reduce water waste and boost irrigation effectiveness while preserving the health and quality of the plants. Such technologies are gaining traction in regions such as Europe and Northern America, therefore, augmenting the market growth.

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Gardening Equipment Market Report Highlights

• By product, throughout the projected period, the lawnmowers segment is expected to gain traction. The spike in demand for electric lawnmowers, which encourage consumers to choose eco-friendly solutions and reduce fuel emissions for landscaping operations, is blamed for the market expansion
• The demand for battery-operated pruning shears, which mostly emerged from the residential sector, is expected to increase, propelling the market for cutting and pruning equipment
• The e-commerce segment is anticipated to experience growth among all sales channels over the projection period, owing to manufacturers growing reliance on e-commerce to support sales throughout their operational regions 
• The APAC region is expected to witness growth that will help meet local demand. Increased construction activity and cheap housing costs are anticipated to be two factors promoting market expansion during the forecast period

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Gardening Equipment Market Segmentation

Grand View Research has categorized the global gardening equipment market based on product, sales channel, end-use, and region:

Gardening Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

• Lawn Mowers
• Handheld Power Tools
  • Trimmers & Edgers
  • Chainsaws
  • Leaf Blowers
  • Others
• Hand Tools & Wheeled Implements
  • Long Handled Tools
  • Short-Hand Tools
  • Cutting & Pruning Tools
  • Striking Tools
  • Wheeled Implements
• Water Equipment

Gardening Equipment Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Home Centers
• Lawn & Garden Specialty Stores
• National Retailers & Discount Stores
• Hardware Stores
• E-commerce

Gardening Equipment End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial/Government

Gardening Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Denmark
  • Finland
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Singapore
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia
  • Rest of Middle East And Africa

List of Key Players in the Gardening Equipment Market

• Ariens Company
• American Honda Motor Co. Inc.
• Briggs Stratton
• Deere & Company
• Falcon Garden Tools
• Fiskars
• Husqvarna Group
• Robert Bosch GmbH
• Robomow Friendly House
• The Toro Company

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Broadcasting & Cable TV Market Trends, Growth Prospects To 2030: Grand View Research Inc.

 Broadcasting & Cable TV Market Growth & Trends

The global broadcasting and cable TV market size is anticipated to reach USD 448.34 billion by 2030 and is expected to expand at a CAGR of 3.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The combination of Virtual Reality (VR) and Augmented Reality (AR) in broadcasting technology provides significant growth prospects to the market.

AR and VR technology empowers users to experience an enhanced quality of content through computer-generated infographics. The incorporation of this technology in broadcasting technology permits content creators to replicate scenarios and showcase content in a more visually appealing and interactive manner. The production of such eye-pleasing content offers many opportunities for higher profits and is cost-effective as compared to the other types of content.

The introduction of the 5G delivery system provides substantial growth prospects to the broadcasting and cable TV industry. The development of the market can be attributed to high functionality in the delivery of IPTV services. 5G model is expected to facilitate the delivery of high-quality content to several users due to the availability of large bandwidth, thus mitigating network congestion and allowing an enhanced viewing experience. Additionally, the implementation of 5G technology has enabled service providers to explore less accessible areas and infiltrate geographically challenging locations. Application of 5G has also enabled service providers to utilize the full range of HPHT (High Power High Tower) applications in downlink mode, the development has enabled broadcasters and cable TV operators to smoothly deliver content to consumers.

Furthermore, the extensive adoption of multi-access edge computing technology is anticipated to provide additional growth prospects to the broadcasting and cable TV industry. The implementation of multi-access edge computing technology is projected to encourage service providers to install components that are specifically designed to provide ultra-low latency and eliminates issues. These issues include challenges such as low picture quality and buffering, and their elimination helps provide ultra-HD content to audiences.

Moreover, multi-access edge computing enables higher efficiency for the latest technologies including VR and 8K, which further provides a boost to the market growth. The multi-access edge computing technology also delivers improved access to computing powers that plays a vital role in analyzing viewing trends of people and helps companies to offer high-quality, and customized content.

Cloud technology is anticipated to offer substantial growth prospects to the broadcasting and cable TV industry owing to its ability to use a secure approach to save a remarkable amount of data. The provision to digitalize the complete broadcast operations and the capability to reduce physical requirements, such as relays, hardware servers for the storage of pre-recorded content, and transmitters are noteworthy. This provides the operation with systematic resource management capability.

Moreover, the implementation of technology allows service providers to maintain broadcast signal quality while transmitting TV signals from play-out points to head-ends. Cloud technology also empowers service providers with the efficient rollout of channels, resulting in seamless business operations and better customer satisfaction.

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Broadcasting & Cable TV Market Report Highlights

• The IPTV sub-segment is anticipated to witness the fastest CAGR over the forecast period due to the accessibility of high-speed internet across the globe
• The subscription sub-segment is projected to showcase the highest CAGR from 2023 to 2030, owing to the growing demand for personalized viewing experiences amongst users, and the provision of bundled packages by market players to attract consumers
• The Asia Pacific region is estimated to rise as the fastest-growing region in the broadcasting and cable TV industry. The growth is attributed to the growing preference for satellite TV services coupled with accessibility to affordable internet

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Broadcasting & Cable TV Market Segmentation

Grand View Research has segmented the global broadcasting and cable TV market based on technology, revenue channel, and region:

Broadcasting & Cable TV Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Cable TV
• Satellite TV
• IPTV
• DTT

Broadcasting & Cable TV Revenue Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Advertising
• Subscription

Broadcasting & Cable TV Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

List of the Key Players in the Broadcasting And Cable TV Market

• The Walt Disney Company
• AT&T Inc.
• Canadian Broadcasting Corporation
• Comcast Corporation
• DISH Network L.L.C.
• Warner Bros. Discovery, Inc.
• Fox Corporation
• Tata Play Limited
• Paramount Global (Previously ViacomCBS Inc.)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

AI Training Dataset Market Trends, Demand, Production, Analysis and Forecast to 2030: Grand View Research Inc.

 AI Training Dataset Market Growth & Trends

The global AI training dataset market size is expected to reach USD 8.61 billion by 2030 and expand at a CAGR of 22.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Artificial intelligence technology is witnessing an upsurge and as organizations are transitioning towards automation, the demand for technology is rising. The technology has provided unprecedented advances across various industry verticals, including marketing, healthcare, logistics, transportation, and many others. The benefits of integrating the technology across multiple operations of the organizations have outweighed its costs, thereby driving adoption.

Due to the rapid adoption of artificial intelligence technology, the need for training datasets is rising exponentially. To make the technology more versatile and accurate with its predictions, many companies are entering the market by releasing various datasets operating across different use cases to train the machine learning algorithm. Such factors are substantially contributing to market growth. Prominent market participants such as Google, Microsoft, Apple Inc, and Amazon have been focusing on developing various AI training datasets. For instance, in September 2021, Amazon launched a new dataset of commonsense dialogue to aid research in open-domain conversation.

Factors such as the cultivation of new high-quality datasets to speed up the development of AI technology and deliver accurate results are driving market growth. For instance, in January 2019, IBM Corporation, a technology company, announced the release of a new dataset that comprises 1 million images of faces. This dataset was released to help developers train their face recognition systems supported by artificial intelligence technology with a diverse dataset. This dataset will allow them to increase the accuracy of face identification. For instance, in May 2021, IBM launched a new data set called CodeNet with 14 million sample sets to develop machine learning models that can help in programming tasks.

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AI Training Dataset Market Report Highlights

• Increasing the creation of synthetic training data for unsupervised and supervised training of machine learning algorithms is driving the adoption of datasets by organizations thereby catalyzing the market growth.  
• The image/video segment is expected to portray a high growth rate, with a CAGR of approximately 25% over the projected period.
• Asia Pacific regional market is expected to have significant growth over the forecast period, owing to the substantial adoption of AI technology.

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AI Training Dataset Market Segmentation

Grand View Research has segmented the global AI training dataset market based on type, vertical, and region:

AI Training Dataset Type Outlook (Revenue, USD Million; 2017 - 2030)

• Text
• Image/Video
• Audio

AI Training Dataset Vertical Outlook (Revenue, USD Million; 2017 - 2030)

• IT
• Automotive
• Government
• Healthcare
• BFSI
• Retail & E-commerce
• Others

AI Training Dataset Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East and Africa

List of Key Players in the AI Training Dataset Market

• Google, LLC (Kaggle)
• Appen Limited
• Cogito Tech LLC
• Lionbridge Technologies, Inc.
• Amazon Web Services, Inc.
• Microsoft Corporation
• Scale AI Inc.
• Samasource Inc.
• Alegion
• Deep Vision Data

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Procurement As A Service Market to Reach Around USD 13.58 Billion by 2030: Grand View Research Inc.

 Procurement As A Service Market Growth & Trends

The global procurement as a service market size is expected to reach USD 13.58 billion by 2030 and is anticipated to expand at a CAGR of 11.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rise in demand for efficient inventory management and supply chain optimization to lower expenses and boost profitability from the business has contributed to market growth. Furthermore, the pandemic outbreak played a decisive role in driving the market's growth. By assisting small businesses in running their companies normally despite the COVID-19 pandemic, procurement as a service provider helped them keep up with the evolving trends in digital transformation. This is attributed to the demand for procurement as a service market during the forecast period.

The emphasis on digital transformation has shifted to the cloud, where procurement service providers are updating their apps to be web-based. Cloud computing provides convenience and flexibility, which helps service providers reduce data storage costs, and these further support enhancing business operations and giving end markets specialized solutions. Along with the cloud, Artificial Intelligence (AI) is also gaining traction in the procurement service industry, delivering data analyses while increasing operations as a distinct competitive advantage. These features and benefits clubbed together create lucrative opportunities for industry incumbents to expand their customer base and bode well for market growth.

Owing to the need to manage complex procurement contracts, the demand for procurement services is gaining traction among small and medium-sized businesses. Deals involving contracts require expertise and time to deliver; hence, procurement as a service is a popular choice among SMEs. These services help companies focus on core competencies while outsourcing time-consuming and intricate tasks. For instance, in October 2021, Accenture acquired Xoomworks Group, a procurement technology provider. Accenture's capacity to assist clients in accelerating technology-led business and procurement transformation increased through this acquisition. Accenture's Closed Loop Spend Management capabilities have been strengthened by the integration of Xoomworks Procurement, which aids clients with end-to-end changes that provide unparalleled insight across direct and indirect cost categories.

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Procurement As A Service Market Report Highlights

• The contract management segment is projected to grow considerably, with the fastest CAGR over the forecast period. The growth of this segment is majorly attributed to the increasing demand from businesses for service-level agreements and vendor management optimization to streamline the procurement process. 
• The small & mid-sized enterprises segment is expected to register the highest CAGR from 2023 to 2030. This growth can be attributed to a rising number of start-ups and small enterprises that are using procurement as a service approach to managing specific supply chain operations.
• The IT & telecom segment is anticipated to register significant growth over the forecast period. The increasing use of technology to handle company operations and enterprises' growing reliance on outsourcing business operations are projected to drive segment growth.
• The Asia Pacific region is anticipated to dominate the market growth over the forecast period. Growing instances of digital transformation and an increase in the number of small companies engaged in using enhanced procurement services are expected to drive regional growth.

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Procurement As A Service Market Segmentation

Grand View Research has segmented the global procurement as a service market on the basis of component, enterprise size, vertical, and region:

Procurement as a Service Component Outlook (Revenue, USD Million, 2018 - 2030)

• Strategic Sourcing
• Spend Management
• Process Management
• Category Management
• Contract Management
• Transaction Management

Procurement as a Service Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Procurement as a Service Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI
• Manufacturing
• Retail
• IT & Telecom
• Healthcare
• Others

Procurement as a Service Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

The Key Player In The Procurement As A Service Market

• Accenture plc
• Aegis Company
• Genpact
• GEP
• HCL Technologies Ltd
• Infosys Limited
• International Business Machines Corporation
• Tata Consultancy Services Limited

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Telecom Cloud Market Analysis ,Industry Growth And Future Scope: Grand View Research Inc.

 Telecom Cloud Market Growth & Trends

The global telecom cloud market size is expected to reach USD 103.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 19.9% from 2022 to 2030. A telecom cloud is a next-generation network architecture that integrates cloud-native technologies, network function virtualization, and software-defined networking into a distributed computing network. Orchestration and automation are essential since the computing and network resources are scattered across clouds and locations.

Telco Cloud refers to shifting communications service providers (CSPs) from vertically integrating proprietary hardware-based infrastructure networks to cloud-based technologies. It is mainly used in the telecom business to refer to multi-cloud computing. The propelling drivers of the telecom industry are increased customer satisfaction, corporate agility, cost savings, and others. Also, the usage of standard computational hardware and automation reduces CapEx and OpEx resulting in increased adoption of telco cloud in the telecommunication industry.

It also delivers innovative bespoke B2B solutions, such as telcos may bring highly customized corporate products to market rapidly and affordably. Telco cloud makes it simple to collaborate with business service partners by providing access to public cloud services from any device, at any time. Additionally, it protects your consumers and profits from competitors; for instance, the telco cloud enables operators to swiftly alter business models to test new goods, services, and pricing schemes.

It also makes setting up new consumer experiences and communication channels easier. Furthermore, the lower CapEX and OPEX needs of telco cloud, better service resilience, and capacity to respond swiftly to faults and demand changes allow operators to maintain service levels and competitive pricing. These advantages result in lower client attrition.

The top trends in the telecom cloud industry are hybrid cloud hosting, Cloud Native Network Functions (CNNF), and telecom cloud collaboration. A hybrid cloud merges private and public clouds where the software and data are interoperable and portable. It allows telcos to optimize the operations with various patterns to manage workload. It improves resource allocation, optimizes infrastructure spending, provides enhanced organizational agility, and offers the ability to scale using the public cloud and controls available in the private cloud deployment.

Also, in the case of CNNF, Software-defined networking is replaced by NFV (Network Functions Virtualization), which provides more independence from proprietary servers and hardware. It provides a cloud-native architecture that combines VNFs and CNFs while adopting 5G features. This will provide maximum market coverage to telecom businesses looking to expand their services. Moreover, telecom cloud collaboration includes partnerships between hyperscalers and telcos which constitute a major cloud computing trend transforming the business.

Cloud service providers and telecom enterprises join forces to expand edge computing collaboration and 5G. Telecom cloud service providers are increasing their connectivity with the help of technology advancement to gain a competitive edge over their peers and capture a significant market share.

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Telecom Cloud Market Report Highlights

• Telecom cloud computing is a software-defined structure that allows telecom businesses to process and store data remotely in their data lakes or data processing centers
• In May 2022, Nokia also announced the launch of the cloud-native IMS (IP Multimedia Subsystem) Voice Core product, which will help CSPs (Communication Service Providers) to increase operational agility, simplify their network operations, and decrease the cost of managing their network
• Based on the component, the solution segment accounted for the largest revenue share of over 60.2% in 2021 as it offers unified communication and collaboration, content delivery networks, and other solutions
• The rising internet and mobile device penetration are driving the adoption of solutions. Additionally, exponentially expanding media content and demand for rich video content among increasing internet users and the digitalization trend among enterprises across end-user sectors drive the demand for telecom cloud solutions
• The deployment type segment comprises private, public, and hybrid cloud. The private cloud segment dominated the market in 2021 and is expected to witness a significant CAGR of 56.4% over the forecast period, owing to several benefits offered by this segment such as improved control, better security & data privacy, specialized computational resources such as RAN, VNF, and edge apps and services, along with cost -efficiency
• Based on the service model, the Software as a Service(SaaS) segment accounted for the largest revenue share of over 55.7% in 2021 owing to its potential to cut infrastructure expenses, shifting the cost base from capex to opex
• In terms of applications, the network, data storage & computing segment dominated the overall market, gaining a revenue share of 34.4% in 2021. The dominance of this segment is owing to its ability to perform several functions such as web application development, improved scalability, batch processing, and storage, hosting, and handling of peak workloads among others
• In terms of enterprise size, the large enterprises segment dominated the market in 2021 and is expected to witness a significant CAGR of 61.6% over the forecast period owing to the growing adoption of cloud-based technologies, which help small enterprises streamline their business operations cost-effectively

Access Press Release@ https://www.grandviewresearch.com/press-release/global-telecom-cloud-market

Telecom Cloud Market Segmentation

Grand View Research has segmented the global telecom cloud market based on component, deployment type, service model, application, enterprise size, and region:

Telecom Cloud Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Solution
• Services
  • Professional Services
  • Managed Services

Telecom Cloud Deployment Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Private
• Public
• Hybrid

Telecom Cloud Service Model Outlook (Revenue, USD Billion, 2017 - 2030)

• Software as a Service (SaaS)
• Platform as a Service (PaaS)
• Infrastructure as a Service (IaaS)

Telecom Cloud Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Network, Data Storage, and Computing
• Traffic Management
• Cloud Migration
• Others

Telecom Cloud Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Enterprises
• SMEs

Telecom Cloud Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• South America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Telecom Cloud Market

• Juniper Networks, Inc.
• IBM Corporation
• Mavenir
• Metaswitch Network
• Affirmed Networks
• Fortinet
• Orange
• Huawei Technologies Co., Ltd.
• VMWare
• Cisco
• Nokia
• Ericsso

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Cryptocurrency Exchange Platform Market Is Expected To Accomplish A Valuation Of Around USD 264.32 Billion By 2030: Grand View Research Inc.

 Cryptocurrency Exchange Platform Market Growth & Trends

The global cryptocurrency exchange platform market size is expected to reach USD 264.32 billion by 2030, growing at a CAGR of 27.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rising awareness about cryptocurrencies and their advantages, such as flexibility and security, is driving the industry's growth. The strong emphasis on secure and decentralized networks owing to the emergence of blockchain technology also bodes well with the market growth. Several market players have invested in research and development activities to introduce advanced innovative exchange platforms. For instance, in July 2022, Billium, an exchange based in Dubai, announced the launch of a new-age platform to carry out decentralized transactions more effectively and efficiently. It is integrated with a copy trading function named ‘Billium Copy Trading’, which will allow novice users to follow the trades of the professionals.

The growing popularity of cryptocurrencies led several financial services companies to collaborate with cryptocurrency exchanges to enhance their service offerings. For instance, in March 2021, Visa, Inc. announced to settle transactions in U.S. Dollar Coin (USDC) on Ethereum with cryptocurrency partners. In March 2021, Visa, Inc. accepted its first settlement in USDC from its crypto wallet partner Crypto.com. Such developments are expected to propel industry growth over the forecast period. The outbreak of the COVID-19 pandemic is expected to play a decisive role in driving the industry over the forecast period. Investors worldwide have shifted their interest toward cryptocurrencies as the cryptocurrency segment is decentralized. In addition, as it is not governed by any central authority, it eliminates the political influence during troubled times, such as the pandemic.

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Cryptocurrency Exchange Platform Market Report Highlights

• The Ethereum segment is expected to witness a significant CAGR over the forecast period owing to its dominance in the Decentralized Finance (Defi) space
• Moreover, the growing number of Non-Fungible Token (NFT) projects is expected to increase the demand for Ethereum exchanges
• The personal end-use segment is expected to witness the fastest CAGR over the forecast period
• The growth is due to the rising awareness about cryptocurrencies in developing countries, such as Nigeria and the Philippines, and the growing emphasis on digital currencies in developed countries, such as the U.S., Canada, Japan, and others
• Asia Pacific is expected to witness the fastest CAGR over the forecast period due to technological advancements and rising awareness about blockchain technology
• People in the region are inclined toward cryptocurrency investment as an alternative to traditional investment options, thereby increasing the need for cryptocurrency exchange platforms

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cryptocurrency-exchange-platform-market

Cryptocurrency Exchange Platform Market Segmentation

Grand View Research has segmented the global cryptocurrency exchange platform market based on cryptocurrency type, end use, and region:

Cryptocurrency Exchange Platform Cryptocurrency Type Outlook (Revenue, USD Million, 2017 - 2030)

• Bitcoin
• Ethereum
• Cardano
• Solana
• Others

Cryptocurrency Exchange Platform End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
  • Banks
  • Fintech Companies
  • Credit Unions
  • Others
• Personal

Cryptocurrency Exchange Platform Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • South Korea
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of Cryptocurrency Exchange Platform Market

• BlockFi International Ltd.
• Coinmama
• eToro
• Coinbase
• Binance
• Kraken
• Bitstamp
• Coincheck, Inc.
• FTX Trading Ltd.
• AirSwap

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Mass Notification System Market to Partake Significant Development During 2023 to 2030: Grand View Research Inc.

 Mass Notification System Market Growth & Trends

The global mass notification system market size is expected to reach USD 46.96 billion by 2030, advancing at a CAGR of 21.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The need for real-time information and user advice during emergencies significantly contributes to market growth. These systems provide communication technology that alerts people to possible safety precautions in an emergency and directs them accordingly. Globally, the market is predicted to gain ground in adoption across all geographies and become ubiquitous over the forecast years.

A mass notification method is used to notify thousands of people in under a minute, which has various benefits, including resolving incidents and recovering from them more quickly. These methods are useful for coordinating with the general public during relief and rescue activities. Strong analytics, dispersed contact data, adaptable group administration, language localization, a variety of options for managing contact data, and a globalized approach to voice and SMS routing are all made possible by mass notification systems. Speeding up user notifications and automating laborious tasks increase productivity and efficiency, and these advantages have led to the market's expansion.

Large and small enterprises use mass notification systems to reduce and manage risks. These systems assist in alerting staff in advance, preventing damages and associated costs, and increasing return on investment (ROI). Additionally, cross-promotion of content with agencies increases engagement and outreach, voice and digital communication integration, and reporting and analytics drive market growth. As a result, businesses are increasingly using them for business continuity management in case of emergencies and disasters.

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Mass Notification System Market Report Highlights

• The hardware segment accounted for the largest market share of over 67% of the overall market in 2022. Healthcare facilities and hospitals are increasingly using IP-based notification devices and managed notification systems, contributing to the segment's growth. By collaborating with notification hardware suppliers, market vendors are able to provide end-users with seamless mass notification experiences within their current infrastructure, enabling them to offer seamless mass notification experiences
• The large enterprises segment accounted for the largest market share of over 65% of the overall market in 2022. Large businesses offer extensive hardware and software integration, training, support services, and a more complicated IT infrastructure. During the forecast period, these qualities will support the segment's expansion
• The distributed recipient solutions segment is anticipated to witness a significant CAGR of 22.2% during the forecast period. A facility's emergency communications system provides comprehensible voice communications and visible signals at a greater range, in addition to automatically distributing notifications in an emergency
• The Business Continuity and Disaster Recovery (BCDR) segment accounted for the largest market share of over 62.5% in 2022. A BCDR policy allows a company to quickly recover from a disaster, reduce the risk of data loss, and improve processes while preventing emergencies. The corporate sector and other official industries require BCDR to mitigate daily risks and increase demand. As a result, the segment is expected to grow during the forecast period
• The education segment accounted for the largest share of over 20% of the overall market in 2022. The segment's expansion is attributed to the growing use of mass notification systems to handle emergencies on campuses, quickly and easily notify students, faculty, and staff, manage the situation with reactions, and report on it.
• The North American regional market size is expected to reach USD 14,087.3 million by 2030. This regional rise is largely due to the increased need for technologies that enable safer and more efficient employee communication

Access Press Release@ https://www.grandviewresearch.com/press-release/global-mass-notification-system-market

Mass Notification System Market Segmentation

Grand View Research has segmented the global mass notification system market based on component, enterprise size, solution, application, end-use, and region:

Mass Notification System Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Service

Mass Notification System Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• SMEs
• Large Enterprise

Mass Notification System Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Wide-area Solutions
• In-building Solutions
• Distributed Recipient Solutions (DRS)

Mass Notification System Application Outlook (Revenue, USD Million; 2018 - 2030)

• Integrated Public Alert and Warning (IPAW)
• Interoperable Emergency Communication (IEC)
• Business Continuity and Disaster Recovery (BCDR)

Mass Notification System End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Corporate
• Education
• Energy & Utilities
• Healthcare & Life Sciences
• Aerospace & Defense
• Government
• Others (Commercial, Transportation & Logistics, and IT & Telecom, among others)

Mass Notification System Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• South America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait 

List of Key players in the Mass Notification System Market

• BlackBerry Limited
• Blackboard Inc.
• Desktop Alert, Inc.
• Eaton
• Everbridge
• Honeywell International Inc
• Motorola Solutions, Inc.
• OnSolve
• Singlewire Software, LLC
• xMatters

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.