Business Software & Services Market to Reflect Steadfast Expansion During 2019 - 2025

The global business software and services market size is expected to reach USD 650.13 billion by 2025, registering a CAGR of 10.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. Increasing volume of business data and automation of business processes across various industries such as healthcare, retail, and manufacturing are expected to drive the growth.

Numerous factors such as timely product delivery, reduced production costs, and improved operational efficiency delivered by effective business software and services are expected to propel the market growth over the forecast period. Business software and services are extensively used in business processes as they help reduce operational costs.

Enterprises are widely adopting cloud-based deployment solutions owing to technological developments and growing focus on offering flexibility and mobility to users. This is prompting vendors to develop software solutions that can be deployed through cloud platforms.

Technological innovation, growing use of new data sources, and penetration of cloud-based services are further driving the need for customized software solutions for specific business operations. Increasing demand for optimized delivery mechanisms, initiating from point of production to the point of consumption, is encouraging enterprises to adopt supply chain management business software.

Access Research Report of Business Software & Services Market @ https://www.grandviewresearch.com/industry-analysis/business-software-services-market

Further key findings from the report suggest:

·       Sales and marketing segment is anticipated to expand at the highest CAGR of 11.2% from 2019 to 2025. The software is widely used by businesses to combine their sales procedures and tasks

·       Managed services segment is anticipated to register the highest CAGR of 12.2% from 2019 to 2025 owing to the increasing dependence of enterprises on IT assets to improve their productivity

·       Cloud segment is expected to emerge as the fastest-growing deployment segment over the next six years as this mode of deployment eliminates the need to regularly, manually upgrade business software solutions and enables users to access data from any location in a hassle-free way

·       Small and Medium Enterprises (SME) segment is expected to expand at the highest CAGR of above 11.2% over the forecast period. The growing number of government initiatives through digital SME campaigns such as video marketing, social media, and search engine marketing are expected to drive the growth

·       Healthcare is expected to emerge as the fastest-growing end use segment over the next six years, attributed to increasing demand for streamline the documentation, exchange of health data, and its storage

·       North American accounted for the largest market share in terms of revenue and is expected to continue to dominate the market over the forecast period. Increased adoption of advanced technologies such as hybrid architecture, JavaScript, machine learning, artificial intelligence, and blockchain are contributing significantly to the regional growth

·       The key players in the business software and services market include Acumatica, Inc.; Deltek, Inc.; Epicor Software Corporation; IBM Corporation; Infor Inc.; NetSuite Inc.; Microsoft Corporation; SAP SE; Oracle Corporation; Totvs SA; Unit4; and SYSPRO

Grand View Research has segmented the global business software and services market based on software, service, deployment, enterprise size, end use, and region.

Business Software Outlook (Revenue, USD Billion, 2019 - 2025)

·         Finance

·         Human Resource

·         Sales & Marketing

·         Supply Chain

·         Others

Business Service Outlook (Revenue, USD Billion, 2019 - 2025)

·         Consulting

·         Managed Services

·         Support & Maintenance

Business Software and Services Deployment Outlook (Revenue, USD Billion, 2019 - 2025)

·         Cloud

·         On-Premise

Business Software and Services Enterprise Size Outlook (Revenue, USD Billion; 2019 - 2025)

·         Large Enterprises

·         Small & Medium Enterprises

Business Software and Services End Use Outlook (Revenue, USD Billion, 2019 - 2025)

·         Aerospace & Defense

·         BFSI

·         Government

·         Healthcare

·         IT & Telecom

·         Manufacturing

·         Retail

·         Transportation

·         Others

Business Software and Services Regional Outlook (Revenue, USD Billion, 2019 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

·         MEA

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.

Augmented Analytics Market to Expand at a CAGR of 25.2% Through 2025

The global augmented analytics market size is expected to reach USD 22,390.1 million by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 25.2% from 2019 to 2025.

Data has become one of the most critical assets for any organization. Every organization’s progress depends on how correctly the data resources are being used. To ensure that data resources are appropriately used, enterprises are depending on data scientists, which are rare resources, to get actionable insights. This has driven the adoption of augmented analytics among organizations, which eliminates the dependency on data scientists. The augmented analytics technology allows enterprises to get consistent data with fewer errors in lesser time. It also accelerates data preparation and discovery with the help of advanced tools such as machine learning and artificial intelligence. In addition, it eliminates the requirement of any technical person to write algorithms for creating data analysis models that can determine insights.

The field of data analytics has evolved significantly in recent years. The increasing requirement of data scientists to analyze massive volumes of data to derive actionable insights has generated the need for augmented analytics. The technology automates the data science steps and analysis used in the process of advanced analytics, thereby providing actionable insights from data. This is done by using linguistic and statistical technologies to break down big data into small chunks that are more usable.

The augmented analytics technology has helped in delivering more detailed and relevant insights from the copious amount of data stored within an organization or generated during everyday operations and procedures. Factors such as rising demand of intelligent business tools in the field of data analytics, increasing adoption of smart discovery tools for business users, rising need for an increase in productivity, and the growing adoption of technology across diversified industry verticals are propelling the growth of the augmented analytics market.

Access Research Report of Augmented Analytics Market @ https://www.grandviewresearch.com/industry-analysis/augmented-analytics-market

Further key findings from the report suggest:

·       Increasing adoption of predictive and prescriptive analytics to determine the information and appropriate reasoning for any analysis coupled with the growing need for data quality management to clean and prepare data and distribute it across the enterprise will spur the growth of the market

·       The adoption of cloud-based analytics is expected to increase due to capabilities such as agility and quick response time along with robustness offered by the cloud

·       The integration of artificial intelligence and automation into augmented analytics technology is augmenting the user experience by providing capabilities such as chatbots to enable real-time services to customers

·       The North American region dominated the augmented analytics market in 2018. The Asia Pacific region is projected to register the highest CAGR from 2019 to 2025

·       Key competitors in the market are Microsoft Corporation, IBM Corporation, SAP SE, Qlik Technologies Inc., Tableau Software Inc., Sisense Inc., Salesforce.com, Inc., TIBCO Software Inc., SAS Institute Inc., and MicroStrategy Incorporated.

Grand View Research has segmented the global augmented analytics market on the basis of enterprise size, component, deployment type, industry vertical, and region:

Augmented Analytics Enterprise Size Outlook (Revenue, USD Million, 2014 - 2025)

·         SMBs

·         Large Enterprises

Augmented Analytics Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Software

·         Services

o    Training Services

o    Consulting Services

o    Implementation Services

o    Support and Maintenance Services

Augmented Analytics Deployment Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Cloud

·         On-premise

Augmented Analytics Industry Vertical Outlook (Revenue, USD Million, 2014 - 2025)

·         Retail & E-commerce

·         Healthcare

·         BFSI

·         IT and Telecommunication

·         Manufacturing

·         Government

·         Energy utilities

·         Others

Augmented Analytics Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    U.K.

o    France

·         Asia Pacific

o    China

o    Japan

o    India

·         South America

o    Brazil

·         Middle East and Africa (MEA)

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.

Light Duty Vehicles Market is Growing at Significant Rate by 2025

The global light duty vehicles market size is expected to reach USD 922.21 billion by 2025, registering a CAGR of 8.5% from 2019 to 2025, according to a new report by Grand View Research, Inc., The increasing demand for passenger cars for shared mobility services is expected to emerge as one of the major drivers of growth. The continued development of driverless electric cars is also expected to drive the market growth over the forecast period.

The continued development of Electric Vehicles (EVs) and semi-autonomous commercial cars/trucks bodes well for the growth of the market. Several governments are already pursuing initiatives to facilitate the development of EVs. For instance, the Government of India’s National Electric Mobility Mission Plan (NEMMP) targets unit sales of 6-7 million hybrid vehicles and EVs by 2026. As such, the continued adoption of EVs for commercial transportation, owing to the numerous benefits EVs can offer over conventional vehicles, is expected to drive the market growth over the forecast period.

The growing trend of offering shared mobility is expected to drive the growth of the light duty vehicles marketover the forecast period. Online transportation network companies, such as Ola Cabs and Uber Technologies Inc., are increasingly deploying light duty passenger cars to offer shared mobility services that allow passengers to share a ride with people heading towards the same destination. The development of other mobility services, such as micro transit and courier network services, is also expected to drive the market growth over the forecast period.

The e-commerce industry has witnessed noticeable growth in developed as well as developing economies. The unabating growth of the e-commerce industry is prompting logistics & transportation companies to rollout efficient logistics services, thereby driving the market growth. The demand for light duty vehicles is growing, particularly in emerging economies, where the industrial sector is expanding gradually, and the need to transport raw materials and finished products efficiently is increasing subsequently.

Access Research Report of Light Duty Vehicles Market @ https://www.grandviewresearch.com/industry-analysis/light-duty-vehicles-market

Further key findings from the study suggest:

·       Asia Pacific is projected to emerge as the fastest-growing regional market over the forecast period owing to the increasing adoption of light duty vehicles by the incumbents of the e-commerce and tourism industries in the region

·       The electric segment is expected to register the highest CAGR over the forecast period owing to the initiatives being pursued aggressively all over the world to encourage the development and adoption of EVs

·       The all-wheel drive segment is expected to emerge as the fastest-growing segment over the forecast period owing to the growing use of all-wheel drivetrains in sports utility vehicles (SUVs) and trucks

·       The automatic segment is expected to register the highest CAGR over the forecast period owing to the convenience automatic transmission vehicles can offer in heavy traffic conditions

·       The key players operating in the light duty vehicles market are BMW AG, Daimler AG, Fiat Chrysler Automobiles N.V., Ford Motor Company, General Motors Company, Honda Motor Company, Ltd., Hyundai Motor Company, Nissan Motor Company, Ltd., Subaru Corporation, and Toyota Motor Corporation, among others.

Grand View Research has segmented the global light duty vehicles market on the basis of vehicle type, fuel type, transmission, drivetrain, and region:

Light Duty Vehicles Type Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

·         Passenger Car

·         Van

·         Sports Utility Vehicle (SUV)

·         Pickup Truck

Light Duty Vehicles Fuel Type Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

·         Diesel

·         Gasoline

·         Hybrid

·         Electric

Light Duty Vehicles Transmission Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

·         Manual

·         Automatic

Light Duty Vehicles Drivetrain Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

·         Front Wheel Drive (FWD)

·         Rear Wheel Drive (RWD)

·         Four Wheel Drive (4WD)

·         All-Wheel Drive (AWD)

Light Duty Vehicles Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    U.K.

o    Germany

·         Asia Pacific

o    China

o    India

o    Japan

o    South Korea

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

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.