Small Cell Networks Market Size, Key Player Revenue, SWOT, PEST & Porter’s Analysis For 2020–2027

The increasing penetration of smart devices, coupled with rapid advancements in IoT devices and the potential of the small cell network to provide seamless connectivity, is contributing to the growth of the Small Cell Networks Market.

Market Size ‒ USD 16.78 billion in 2019, Market Growth ‒ CAGR of 19.9%, Market Trends ‒ Increasing use of mobile data in urban and remote areas.

The Global Small Cell Networks Market is anticipated to reach USD 16.78 billion in 2019 to USD 71.94 billion by 2027, registering a CAGR of 19.9%. The use of the mobile network is increasing significantly as the attraction for social media, live streaming, and gaming is surging. With the advent of wearable devices and the increasing penetration of smart devices, mobile broadband usage is rapidly increasing globally. 

Small cells are low power base stations that fragment the cell sites into small pieces and are majorly deployed in indoor and outdoor settings for quick and seamless data distribution. Small cell networks are a vital part of the future LTE networks and have several advantages such as inexpensive deployment, flexible backhaul options, and smaller components, among others. 

The rapid development of IoT devices and the small cell network’s potential to provide quick and direct connectivity between the devices is primarily driving the growth of the market. The surging demand for HD VoLTE, VR, and 4K videos is anticipated to create an added demand for the small cell network, thereby propelling the growth of the market.

Key market players are actively undertaking strategic alliances such as mergers and acquisitions, collaborations, joint ventures, product developments, technological advancements, and partnerships, among others.

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Further Key Findings from the Report Suggests:

  • As the dependence on mobile networks in remote areas continues to surge, the telecom operators are majorly focusing on deploying small cells and wireless networks in outdoor settings to speed up the data delivery and voice quality.
  • The deployment of small cell networks in end-user industries such as military, household, and other industry verticals is driving the market growth.
  • The small cell network market is presumed to attain a valuation of USD 94 billion by 2026, growing from USD 16.78 billion, registering a CAGR of 19.9% through the forecast period.
  • Based on the operating environment, the indoor segment is anticipated to register significant growth owing to rising demand for enhanced network connectivity in indoor settings.
  • Based on type, the femtocell technology is poised to gain the largest share of the market owing to the low demand for centralization hub and its incorporation in areas where enhancement of backhaul is inexpensive.
  • The small cell network market is expected to grow at a significant rate owing to the rapid advancements and deployment of the 5G network, increasing penetration of smart devices, and rising use of mobile data in urban and remote areas.
  • In the regional landscape, North America is set to dominate the small cell networks market over the projected timeline attributable to escalating traffic on mobile data. Along with this, the deployment and advancement of 5G networks in the region and the initiatives taken by telecom operators to deploy 5G on their mobile infrastructure are adding traction to the growth of the market in the region.
  • Asia Pacific is anticipated to show significant growth over the forecast period due to rapid advancements in indoor small cell networks in SMEs coupled with fast-paced deployment of 5G networks across China and other APAC regions. Government initiatives in Korea, Japan, and China to provide uninterrupted high-speed data is also driving the growth of the market in the region.
  • Prominent players of the small cell networks market are Cisco Systems, Inc. Ericsson, Airspan Networks, Inc., Huawei Technologies Co. Ltd., ZTE Corporation, Qualcomm Telecommunications, Texas Instruments, Hitachi, Ltd., and CommScope, Inc. 
  • In 2019, Nokia Corporation launched two small cell products specifically designed for indoor and outdoor settings to cater to high crowded areas such as airports, shopping malls, and hospitals.
  • In September 2019, Swisscom and Ericsson joined forces to deploy small cell networks in Switzerland for indoor applications.

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For the purpose of this report, Reports and Data has segmented the Global Small Cell Networks Market on the basis of type, service, operating environment, end-user, and region:

By Type (Revenue, USD Million; 2017–2027) 

  • Femtocell
  • Microcell
  • Picocell
  • Metrocell

By Service (Revenue, USD Million; 2017–2027)

  • Installation & Integration
  • Maintenance & Support
  • Network Planning and Design
  • Professional Service

By Operating Environment (Revenue, USD Million; 2017–2027)

  • Indoor 
  • Outdoor

By End-User (Revenue, USD Million; 2017–2027)

  • Consumer & Soho
  • Small & Medium Business
  • Large Enterprise

By Region (Revenue, USD Million; 2017–2027)

  • North America
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa

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Table of Content:
Highlights of the TOC:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Small Cell Networks Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
          4.2.3. Market restraints analysis
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
Chapter 5. Competitive Landscape
    5.1. Market Revenue Share By Manufacturers
    5.2. Manufacturing Cost Breakdown Analysis
    5.3. Mergers & Acquisitions
    5.4. Market positioning
    5.5. Strategy Benchmarking
    5.6. Vendor Landscape

Continue……

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Over the top (OTT) Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2026

The rapid proliferation of smartphones and portable devices, very low cost of using over-the-top services with growing tendency towards original content and live video streaming is expected to drive the growth of OTT market, experimentation with new models for content monetization.

Market Size – USD 40 billion in 2018, Market Growth – CAGR of 14%, Market Trends – Increasing use of internet technology, increasing adoption of cloud media processing, a high tendency towards social media

The Over-The-Top (OTT) Market is expected to grow from USD 40 billion in 2018 to USD 128 billion by 2026, at a CAGR of 14% during the forecast period. The rapid proliferation of smartphones and portable devices, very low or no cost of availing OTT services with a growing tendency towards original content and live video streaming is expected to drive the growth of OTT market.  Other factors estimated to fuel the market growth are increasing use on internet, availability of high speed internet services, free trials of OTT services, upsurge in adoption of Cloud Media Processing, experimentation with new models for content monetization, consolidation and strategic partnership among competitors, high tendency to use social media and the upgrade the OTT services without the need to invest in infrastructure development.

Availability of substitute services of OTT services like video streaming by telecom operators, unlimited voice services with the advent of VoLTE technology, etc. as well as low awareness pertaining to the benefits provided by OTT services are expected to restrict the growth of OTT market.

Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the over-the-top market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

Key players in the over-the-top Market include Apple Inc. (US), Facebook Inc. (US), Google Inc. (US), Akamai Technologies (US), Netflix (US), Amazon (US), Microsoft Corporation (US), Tencent Holdings Ltd. (China), Limelight Networks Inc. (US), Yahoo Inc. (US), and Nimbuzz (Netherlands), among other players.

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Further key findings from the report suggest

  • The over-the-top (OTT) market is expected to grow from USD 40 billion in 2018 to USD 128 billion by 2026, at a CAGR of 14% during the forecast period.
  • Increase in penetration of smartphones has provided easy access to the OTT services over the internet, e., the user can use these services at any time and place, thereby playing a big role in market growth. Very low cost of availing OTT services with a growing tendency towards original content and live video streaming is expected to drive the growth of OTT market. Other factors estimated to fuel the market growth are increasing use on internet, availability of high speed internet services, free trials of OTT services, upsurge in adoption of Cloud Media Processing, experimentation with new models for content monetization, consolidation and strategic partnership among competitors, high tendency to use social media and the upgrade the OTT services without the need to invest in infrastructure development.
  • On the basis of the type of content, the market has been segmented into voice over IP, text On the basis of the type of content, the market has been segmented into voice over IP, text, and messages, and audio & video. The market for text and messages holds the largest market share with a market size of USD 18.4 billion 2018 and is projected to maintain its dominance during the forecast period due to the extensive use of social media across the globe.
  • On the basis of the platform, the market has been segmented into smart devices, laptops, and desktops, set-top boxes, and gaming consoles. Smartphones provide the benefit of widespread circulation of OTT services among the user. This makes the smartphone segment occupy the largest market share with a market size of USD 20.92 billion in 2018 and would continue to lead the market during the forecast period.
  • Based on the business model, the market segmentation are subscription, rental, advertising, in-app purchase/content, software licensing, unit pricing, and hardware.
  • On the basis of geography, the market has been segmented into North America, Europe, APAC, South America, Middle East, and North America owns the largest market share with a market size of USD 15.60 billion and would continue with its dominance during the forecast period owing to the immense adoption of over-the-top services in this region. APAC is estimated to have the highest growth rate due to the presence of a large prospective user base for OTT services.

The report “Over the top (OTT) Market” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/report-detail/over-the-top-ott-market

For this report, the market has been segmented on the basis of type of content, platform, business model and region:

Type of Content (Revenue, USD Million; 2018–2026)

  • Voice over IP
  • Text and Image
  • Audio and Video

Platform (Revenue, USD Million; 2018–2026)

  • Smart Devices
  • Laptops and Desktops
  • Set Top box
  • Gaming Consoles

Business Model (Revenue, USD Million; 2018–2026)

  • Subscription
  • Rental
  • Advertising
  • In-app purchase/content
  • Software Licensing
  • Unit Pricing
  • Hardware

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Regional Outlook (Revenue, USD Million; 2018–2026)

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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Finally, all aspects of the Over the top (OTT) market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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Intelligent Network Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2027

The advent of 5G network technology and increasing advancements in the IoT sector are the key driving factors of the Intelligent Network market.

Market Size – USD 2.71 billion in 2019, Market Growth – CAGR of 25.1%, Market Trends – Advent of new technology such as 5G and the advancements in IoT

The global Intelligent Network Market is anticipated to reach USD 13.04 billion by 2027, from its valuation of USD 2.71 billion in 2019, growing at a steady CAGR of 25.1%. The intelligent network is the standardized network architecture that enables the incorporation of telecommunications services in a flexible method. The intelligent network architectures enable the operators to separate themselves from others by offering value added services in addition to the standard telecom services they offer.

The advent of 5G network technology and increasing advancements in the IoT sector are the key driving factors of the Intelligent Network market. The rising demand for additional services by the customers is anticipated to drive the growth of the Intelligent Network market over the projected period. The advent of advanced technologies like 5G, Cloud, IoT, coupled with increasing data volume and increasing network complications, are further fueling the market growth.

However, the lack of budget for SMEs and minimal awareness about the intelligent network among the consumers is anticipated to hinder the growth of the market over the coming years.

Some of the prominent players in the industry are APCON, Inc., Aria Networks, Aricent, Inc., Aruba Networks, Balbix Inc., BluVector, BOCO Inter-Telecom Co. Ltd., Cisco Systems, Colt Technology Services, Darktrace, Ennetix, Inc., Entuity, Ltd., Ericsson, ExtraHop Networks, Flowmon Networks, Huawei Technologies, Juniper Networks, Loom Systems, Mist Systems, Netcracker Inc., Netrolix LLC, Nitro Mobile Solutions, LLC, Nokia Corporation, Sandvine, and Tech Mahindra Limited.

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Further Key Findings from the Report Suggest:

  • The global Intelligent Network Market is anticipated to reach USD 13.04 billion by 2027, from its valuation of USD 2.71 billion in 2019, growing at a steady CAGR of 25.1%.
  • Intelligent network frameworks are identifiable by specific vital elements such as Service Control Point (SUP), Service Switching Point (SSP), Vendor Feature Node (VFN), Signal Transfer Point (STP) Service Manager (SM), and Intelligent Peripheral (IP).
  • The rising demand for additional services by the customers is anticipated to drive the growth of the Intelligent Network market over the projected period. The advent of advanced technologies like 5G, Cloud, IoT, coupled with increasing data volume and increasing network complications, are further fueling the market growth.
  • The advent of 5G network technology and increasing advancements in the IoT sector are the key driving factors of the Intelligent Network market.
  • The intelligent network is the standardized network architecture that enables the incorporation of telecommunications services in a flexible method.
  • The advent of advanced technologies like 5G, Cloud, IoT, coupled with increasing data volume and increasing network complications, are further fueling the market growth.
  • Based on the application, the information cognition segment is anticipated to gain the largest market share during the estimated timeframe due to the rising need for information cognition to collect network operations data.
  • Based on end-users, the cloud services providers are anticipated to dominate the segment throughout the forecast period due to the expansion of data centers across the globe, thereby bolstering the need for enormous network infrastructure.
  • Based on the enterprise size, the large enterprise segment is anticipated to grow at the highest rate owing to increased applications of bandwidth monitoring, traffic monitoring, network security, and others, which are more common to the large enterprises.
  • Based on the regional analysis, North America is expected to dominate the market over the coming years, closely followed by Europe. This can be attributed to the increased adoption of the intelligent network across numerous industry verticals in the region.

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For the purpose of this study, Reports and Data has segmented the Intelligent Network Market on the basis of application, end-user, enterprise size, and region:

By Application (Revenue, USD Million; 2017–2027)

  • Resource Management and Network Adoption
  • Performance Prediction and Configuration Extrapolation
  • Information Cognition
  • Traffic Prediction and Classification

By End-user (Revenue, USD Million; 2017–2027)

  • Telecom Service Providers
  • Cloud Service Providers
  • Managed Network Service Providers
  • Other Enterprises

By Enterprise Size (Revenue, USD Million; 2017–2027)

  • Small and Medium-Sized Enterprises
  • Large Enterprises

 By Region (Revenue, USD Million; 2017–2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Table of Content:
Highlights of the TOC:
Chapter 1. Market Synopsis

    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Intelligent Network Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
          4.2.3. Market restraints analysis
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
Chapter 5. Competitive Landscape
    5.1. Market Revenue Share By Manufacturers
    5.2. Manufacturing Cost Breakdown Analysis
    5.3. Mergers & Acquisitions
    5.4. Market positioning
    5.5. Strategy Benchmarking
    5.6. Vendor Landscape

Continue……

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Blockchain in Telecom Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2028

Growing support and maintenance for Operational Support Systems/Business Support Systems Procedures in telecommunication companies.

Market Size – USD 291.8 Million in 2020, Market Growth – CAGR of 31%, Market Trends – Escalating necessity for data protection and security

The global Blockchain In Telecom market is expected to reach USD 2.52 Billion by 2028, according to a new report by Reports and Data. The telecom service providers in their value chain entail giving the essential infrastructure for network connectivity grid for enabling voice, entertainment and information media, data transfer and further allied services. The data exchange amongst networks that require transferred data protection and security, data assessment, data integrity, and scam deterrence is predicted to fuel the progress of blockchain technology in global telecom sectors. Another factor that may act as a driver for this market is the widespread necessity for the support and maintenance provided by blockchain technology for Operational Support Systems/Business Support Systems Procedures in telecommunication companies.

Indeterminate regulatory norms across the world pertaining to use of blockchain technology in the telecom sector has been a matter of concern among the telecom operators and also a dearth of existence of any common standards to be followed by the service providers is making the users lose faith and hence may act as a restraint for this emerging market.

North America is the key revenue generating region for blockchain in the telecom market and is anticipated to grow at a CAGR 31.04% during the forecast period. According to a survey by the World Economic Forum, 10% of the world GDP would be stored on blockchain by the year 2027.

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Key participants include IBM (US), AWS (US), Guardtime (Netherlands), SAP (Germany), Microsoft (US), Bitfury (UAE), Cegeka (Netherlands), Clear (Singapore), Reply (Italy), and Oracle (US). 

Further key findings from the report suggest

  • The progression of application solutions and services provider segment is expected to be at the highest rate of CAGR 31.1% as the emergence of blockchain technology has seen the definite level of acceptance amongst worldwide telecommunication companies, thereby creating an increase in demand for blockchain
  • The segment of connectivity facilities is appraised to have higher progress rate of CAGR 31.01% as blockchain technology supports telecom vendors in facilitating connectivity undertakings like 5G network services facilitation, IoT devices connectivity, and M2M connectivity among others.
  • North America is the most progressive region in terms of technology advancement and utilization, as well as infrastructure and is forecasted to have a growth rate of 31.04%. Various activities involving blockchain technology are being undertaken or are in progress in this region owing to the existence of top solutions and services provider of blockchain technology which in turn is anticipated to assist North America in gaining dominance in this market.

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For the purpose of this report, Reports and Data have segmented global agricultural biostimulant market on the basis of solution and service type, solution and service providers, application, size of organization and region:

Solution and Service Type Outlook (Revenue, USD Million; 2018-2028)

  • Public Blockchain Solutions and Services
  • Private Blockchain Solutions and Services

Solution and Service Provider Outlook (Revenue, USD Million; 2018-2028)

  • Infrastructure
  • Application
  • Middleware

Application Outlook (Revenue, USD Million; 2018-2028)

  • Connectivity Facilities
  • OSS/BSS Procedures
  • Financial Transaction Management
  • Management of Identity
  • Smart Agreements
  • Others

Size of Organization Outlook (Revenue, USD Million; 2018-2028)

  • Small & Medium-Sized Enterprises
  • Large Enterprises

Regional Outlook (Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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 Market Report includes major TOC points:

  • Blockchain in Telecom market Overview
  • Global Economic Impact on Industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Blockchain in Telecom market Forecast

Conclusively, all aspects of the Blockchain in Telecom market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @https://www.reportsanddata.com/upcoming-reports
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5G services Market Size, Revenue Analysis, PEST, Region & Country Forecast, 2020–2028

A swift escalation in the advancement of the Internet of Things (IoT) appliances and their widespread use and a consistent upsurge in the volume of online data transfer in connectivity services is anticipated to push the market growth for 5G network services.

Market Size – USD 52.76 Billion in 2020, Market Growth – CAGR of 28.88%, Market Trends – Surging demand to lessen the latency time in online connectivity services as well as the prerequisite of a consistent network service in this age of communication. 

The global 5G services market size is expected to reach USD 401.09 Billion by 2028, according to a new report by Reports and Data. A swift escalation in the advancement of the Internet of Things (IoT) appliances and their widespread use and a consistent upsurge in the volume of online data transfer in connectivity services is anticipated to push the market growth for 5G network services. Another factor causative of the progress of the market is the escalation in demand to lessen the latency time in online connectivity services as well as the prerequisite of a consistent network service in this age of communication.

One key factor curbing the growth of the concerned market is the cost-intensive implementation of 5G network services. The prerequisite for the deployment of 5G connectivity services is mm-Wave frequency which has the issue of rapid attenuation as compared to the frequency waves used in 4G LTE network services, thereby requiring the necessity of a minimum of 10 transmitting antennas (smart antennas for 5G network services) to amplify the attenuating wave as compared to 4G LTE network technology.

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Key participants include Cisco Systems (US), Samsung Electronics (South Korea), AT&T (US), Verizon (US), SK Telecom (South Korea), BT Group (UK), China Telecom (China), Telstra (Australia), Airtel (India), Vodafone (UK), and KT Corporation (South Korea).

Further key findings from the report suggest

  • Smart cities are forecasted to have the highest CAGR of 15.1% during the forecast period. According to the Ministry of Urban and Housing Affairs, Government of India, to date there are 800 projects are at various stages of implementation, 115 projects have commenced, 185 projects are tendered, and 59 cities have incorporated SPVs for swift, transparent, and accountable execution of smart city projects.
  • Fixed wireless access (FWA) is anticipated to witness the highest growth rate of 15.2% during the forecast period owing to the offering of various benefits such as high speed and latency free connectivity, smooth coverage in remotely located regions along with lessening in costs incurred by reducing last mile connectivity concerns.
  • North America is anticipated to be one of the key revenue generating region and is forecasted to have a growth rate of 14.8% during the forecast period owing to rapid acceptance and usage of the latest technology, like IoT, the necessity of high connectivity services for smoother communication facilities, etc. in this region.

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For the purpose of this report, Reports and Data have segmented global 5G services market on the basis of industry verticals, application, and region:

Industry Verticals Outlook (Revenue, USD Million; 2018-2026)

  • Smart Cities
  • Smart Industrial plants
  • Smart Automobiles
  • Smart Medical Services
  • Smart Retail Stores
  • Smart Services
  • High-Speed Internet
  • Others

Application Outlook (Revenue, USD Million; 2018-2026)

  • mMTC
  • URLLC
  • eMBB
  • FWA

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Regional Outlook (Revenue, USD Million; 2018-2026)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Thank you for reading our report. For customization inquiry or further information, please connect with us and we will ensure you get the report that meets your requirements. 

About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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Head of Business Development
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E-mail: sales@reportsanddata.com
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Incident Response Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2027

The rise in security breaches with increasing incidences of money laundering, cyber terrorism, fraud, hacking, and identity theft across enterprises, is stimulating market growth.

Market Size – USD 16.04 Billion in 2019, Market Growth – CAGR of 17.9%, Market Trends – Increasing growth of IoT, big data, cloud computing, and BYOD.

The Incident Response Market size is projected to reach USD 60.60 Billion, from USD 16.04 Billion in 2019, exhibiting a CAGR of 17.9% through 2027, according to a new report by Reports and Data. The rising incidence of security breaches, cyber terrorism, money laundering, hacking, identity theft, and others across enterprises is fuelling the demand for incident response solutions to combat these attacks.

Incident response solutions refer to an organized set of approaches and procedures that need to be followed in cases of cybersecurity attacks. The solutions offer capabilities for case management, automation, intelligence, and orchestration into a single platform, thereby assisting security teams in assessing, measuring, and improving the management. Organizations are rapidly taking up incident response solutions as a measure to monitor networks & endpoints for avoiding fraudulent activities and advanced intrusions.

In 2019, cyberattacks on IoT devices experienced a 300% increase due to the large-scale adoption of IoT in combination with outdated IT firmware and architectures. The rise in the number of corporations experience security breaches annually as a result of social media hackings will boost incident response market growth. Moreover, the growing trend of BYOD in small and large organizations will further foster market revenue over the forecast period.

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Key players in the global incident response market are Rapid7 (US), Symantec (US), McAfee (US), FireEye (US), IBM (US), Palo Alto Networks (US), Check Point Software Technologies (Israel), BAE Systems (UK), Cisco (US), Verizon (US), CrowdStrike (US), Trustwave (US), Dell (US), Optiv (US), NTT Security (Germany), LogRhythm (US), Swimlane (US), Resolve Systems (US), Kudelski Security (US), Carbon Black (US), RiskIQ (US), AlienVault (US), Paladion Networks (US), Accenture (Ireland), Coalfire (US), and Kaspersky Lab (Russia), among others.

Further key findings from the report suggest

  • On the basis of deployment type, the cloud deployment segment is expected to showcase a growth rate of 13.1% through 2027.
  • On the basis of security type, the network security and cloud security segment is estimated to contribute major revenue to the global incident response market share, delivering a CAGR of 12.9% through 2017. The robust growth can be attributed to the excessive use of cloud, tablets, and mobiles globally, making them more prone to cyber-attacks and network hacking.
  • Based on components, the services segment is likely to hold a major chunk of the global incident response market share and will exhibit a CAGR of 12.8% through 2027. The robust growth can be attributed to the surging need for assessment and response services across various industries to detect and respond to the network & data security breaches.
  • Based on application, the IT and telecom segment is set to grow at 13.3% over the projected timeframe on account of extensive deployment of advanced technologies like IoT, BYOD, big data, and cloud computing, along with devices like desktops, laptops, and smartphones in the sector.
  • In terms of region, Europe is estimated to exhibit a growth rate of 16.9% during the forecast period.
  • North America accounted for USD 4.8 Billion of the global incident response market revenue in 2018 and is estimated to witness major growth, being a developed and economically strong region that has enormous confidential data more prone to security attacks.
  • In July 2019, DXC Technology, a leading independent, end-to-end IT services and Solution Company, announced the expansion of its strategic partnership with Microsoft Corporation. 
  • In the same year, AT&T expanded its partnership with IBM. As per the terms of the deal, IBM made AT&T Business its primary provider of SDN, while AT&T Business Solutions migrated its internal software applications to the IBM Cloud.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/incident-response-market

For the purpose of this report, the market has been segmented on the basis of security type, deployment type, component, organization size, industry vertical, and region.

Security Type Outlook (Revenue, USD Million; 2017–2027)

  • Web security
  • Application security
  • Endpoint security
  • Network security
  • Cloud security

Deployment Type Outlook (Revenue, USD Million; 2017–2027)

  • Cloud
  • On-Premises

Component Outlook (Revenue, USD Million; 2017–2027)

  • Solution
  • Services
    • Retainer
    • Assessment and Response
    • Tabletop Exercises
    • Incident Response Planning and Development
    • Advanced Threat Hunting
    • Others

Organization Size Outlook (Revenue, USD Million; 2017–2027)

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Industry Vertical Outlook (Revenue, USD Million; 2017-2027)

  • BFSI
  • Government
  • Healthcare and Life Sciences
  • Retail and E-Commerce
  • Travel and Hospitality
  • Manufacturing
  • IT and Telecommunication
  • Others

Regional Outlook (Revenue, USD Million; 2017–2027)

  • North America
  • Europe
  • Asia Pacific
  • RoW

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Market Report includes major TOC points:

  • Incident Response market Overview
  • Global Economic Impact on Industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Incident Response market Forecast

Conclusively, all aspects of the Incident Response market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Network Security Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2028

The market growth is majorly driven by the requirement for stringent data protection and increasing incidences of cyber-terrorism.

Market Size – USD 184.59 Billion in 2020, Market Growth – CAGR of 10.2%, Market Trends – Extensive demand for cloud-based network security solutions by SMEs

The Network Security Market size is anticipated to register at a CAGR of 10.2%, growing from USD 184.59 Billion in 2020 to attain a valuation of USD 400.02 Billion by 2028. The market growth is majorly driven by the requirement for stringent data protection and increasing incidences of cyber-terrorism. Due to the rising incidences of hacking and data breaching, the market for network security has been gaining traction over the last decade. Due to the growing virtualization and digital transformation, the need for network security solutions for cloud technology and BYOD is increasing exponentially.

Network security is a term that covers a broad spectrum of services, such as a multitude of processes, devices, and technologies. Essentially it is a set of configurations and commands designed to protect and maintain the integrity, confidentiality, and accessibility of the networks and data through the incorporation of stringent software and hardware services. With increasing risks in network infrastructure, large and small enterprises have started investing in the deployment of network security solutions to manage risks. The benefit of network security solutions is that they reduce capital expenditures and enhance workforce productivity.

However, the key factor restraining the market’s growth is the increased susceptibility of the devices to cyber-attacks and terrorism. The growing incidences of these attacks have rattled the network infrastructure of several large and small organizations. They have increased the vulnerability of the network to viruses, theft, and loss of crucial data.

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Some of the prominent players of the market are Aruba Networks, Symantec Corp., McAfee, Juniper Solutions, Ruckus, Honeywell, Fortinet, Motorola Solutions, Cisco Systems Inc., Sophos Ltd., Brocade Communications Systems Inc., Aerohive, ADT Security Services, among others.

Further key findings from the report suggest:

  • The Network Security Market size is anticipated to register at a CAGR of 10.2%, growing from USD 184.59 Billion in 2020 to attain a valuation of USD 400.02 Billion by 2028.
  • The market growth is majorly driven by the requirement for stringent data protection and increasing incidences of cyber-terrorism.
  • Network security is a term that covers a broad spectrum of services, such as a multitude of processes, devices, and technologies. Essentially it is a set of configurations and commands designed to protect and maintain the integrity, confidentiality, and accessibility of the networks and data through the incorporation of stringent software and hardware services.
  • Due to the rising incidences of hacking and data breaching, the market for network security has been gaining traction over the last decade.
  • Due to the growing virtualization and digital transformation, the need for network security solutions for cloud technology and BYOD is increasing exponentially. This has compelled the network security solutions providers to provide enhanced and innovative solutions such as firewalls and others.
  • The key factor restraining the market’s growth is the increased susceptibility of the devices to cyber-attacks and terrorism. The growing incidences of these attacks have rattled the network infrastructure of several large and small organizations increasing the network’s susceptibility to viruses, malware attacks, and data breaching.
  • Based on the product type, the intrusion prevention system (IPS) is anticipated to grow at a significant rate during the forecast period to gain the market’s largest share. This can be attributed to the rising need to deploy advanced network solutions market due to the rising penetration of smartphones and connective devices.
  • The Intrusion Prevention System segment is anticipated to grow at a CAGR of 27% over the forecast period, garnering a revenue of USD 67 billion by the end of 2027.
  • Based on the segmentation into industry verticals, the government vertical is anticipated to hold the highest share of the network security market over the coming years. This can be attributed to the increased use of mobility and increased use of mobile devices to enhance the productivity and workflow enhancement of the public sector departments.
  • Based on the regional segmentation, the North American region is forecasted to grow at the highest rate during the forecast period, attributable to the rising incorporation of network security solutions on a large scale.
  • North America is presumed to register a significant growth rate of 21% during the forecast period and garner revenue of USD 32 billion by 2027. This can be attributed to the early adoption of these solutions and the presence of several Distributed Denial of Service (DDoS) protection and mitigation in the region.
  • Another significant growth driving factor of the network security market is the ongoing COVID-19 pandemic. With the rising use of mobile devices, shift towards remote working, and increased use of home networks, it has created increased risks over these networks’ security. This has bolstered the need for enhanced network security solutions.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/network-security-market

For the purpose of this study, Reports and Data has segmented the Network Security Market on the basis of product, service, industry vertical, deployment type, and region.

By Product (Revenue, USD Million; 2018–2028)

  • Intrusion Prevention System (IPS)
  • Application Control
  • URL Filtering
  • Anti-Bot
  • Web Security
  • Anti-Spam and Email Security
  • Acceleration and Clustering

By Service (Revenue, USD Million; 2018–2028)

  • Managed Security Services
  • Security Operation Services
  • Consulting Services

By Industry Vertical (Revenue, USD Million; 2018–2028)

  • Manufacturing
  • Retail
  • Aerospace and Defense
  • Healthcare
  • Telecommunication and IT
  • Government and Utilities
  • Banking financial services and insurance (BFSI)

By Deployment Type (Revenue, USD Million; 2018–2028)

  • On-Premise
  • Hosted
  • Hybrid

By Region (Revenue, USD Million; 2018–2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Market Report includes major TOC points:

  • Network Security market Overview
  • Global Economic Impact on Industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Network Security market Forecast

Conclusively, all aspects of the Network Security market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Wi-Fi Market Size, Revenue Analysis, PEST, Region & Country Forecast, 2020–2028

Increasing BYOD trends in organizations is expected to stimulate market growth.

Market Size – USD 10.69 Billion in 2020, Market Growth – CAGR of 22.3%, Market Trends – Increasing use of IoT devices.

The global Wi-Fi Market is expected to reach USD 53.46 Billion by 2028, according to a new report by Reports and Data. The growth of the Wi-Fi market is driven by an escalating increase in the demand for mobile devices such as smartphones, laptops, etc. has led to an increase in the implementation of IoT and BYOD trend across the organization, thereby making the organizations look up ways to set up smart infrastructure to improve their workforce efficiency and continuous increase in workflow.

An increasing demand for integrated security in IoT (expected to see huge growth in near future), cloud management and adoption of carrier Wi-Fi by mobile operators are other key factors likely to drive the market growth.

Co-channel contention may act as a restraint in this market as two or more radios using the same channel are backing off each other causing interference in process of data transmission. The progress of the market is restricted by strict government norms pertaining to the use of Wi-Fi.

North America is projected to occupy the largest share in the market with a market size of USD 2.72 billion in 2019 and is projected to continue its domination throughout the forecast period due to the extensive demand for Wi-Fi services and solution in the developed economies like US and Canada.

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Key participants include Cisco (US), Aruba (US), Juniper Networks (US), Ruckus Wireless (US), Ericsson (Sweden), Huawei (China), Panasonic (Japan), Netgear (US), Aerohive Networks (US), Alcatel-Lucent Enterprises (France), and Riverbed Technologies (US).

Further key findings from the report suggest

  • On the basis of the component, market is divided into solutions and services. Network planning and design service, an important part of the Wi-Fi ecosystem, where operators are required to pass through proper analysis stage before any kind of implementation of wireless network. Thus the services segment of the Wi-Fi market is expected to occupy the largest market share during the forecast period registering a CAGR of 21.09% with a market size of USD 3.71 billion in 2019.
  • Based on end-use application, the market segmentations are Education, Healthcare, Retail, Transportation, Government, Manufacturing, Hospitality, Sports and Leisure, and Others. The education sector is expected to gain the largest market share whereas the segment of sports and leisure is projected to experience the highest growth rate of CAGR 21.17%. The use of Wi-Fi by schools, colleges, and universities to offer seamless, smooth and efficient education to their students and better equip their faculties to impart their knowledge to the students along with their self-progress is expected to drive the market growth.
  • On the basis of geographical regions, market has been segmented into North America, Europe, Asia Pacific, Middle East, and North America is projected to occupy the largest share in the market with a market size of USD 2.72 billion in 2019 and is projected to continue its domination throughout the forecast period due to the extensive demand for Wi-Fi services and solution in the developed economies like US and Canada. Another factor boosting the growth of the Wi-Fi market is the huge demand for Wi-Fi in growing economies like India and China. The Wi-Fi market in India is estimated to grow faster than the world market.

To identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/wi-fi-market

For the purpose of this report, Reports and Data have segmented the global Wi-Fi market on the basis of component, density, end-use application, and region:

Component Outlook (Revenue, USD Million; 2018-2028)

  • Solutions
    • Solutions, by Type
      • Access Points
        • WLAN Controllers
        • Wireless Hotspots Gateways
        • Others
  • Services
    • Services, by Type
      • Network Planning and Design
      • Installation and support
      • Survey and Analysis

Density Outlook (Revenue, USD Million; 2018-2028)

  • High-Density Wi-Fi
  • Enterprise Class Wi-Fi

End-Use Application Outlook (Revenue, USD Million; 2018-2028)

  • Education
  • Transportation
  • Government
  • Manufacturing
  • Healthcare
  • Retail
  • Hospitality
  • Sports and Leisure
  • Others

Regional Outlook (Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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Market Report includes major TOC points:

  • Wi-Fi market Overview
  • Global Economic Impact on Industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Wi-Fi market Forecast

Conclusively, all aspects of the Wi-Fi market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Smart Lighting Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2028

Increasing number of smart city projects in developing countries and rising demand for intelligent solutions and systems for street lighting are key factors driving market growth

Market Size – USD 8.89 Billion in 2020, Market Growth – at a CAGR of 20.3%, Market Trends – Development of IoT enabled LED lighting systems

The global Smart Lighting Market size is expected to reach USD 38.87 Billion in 2028 and register a revenue CAGR of 20.3% over the forecast period, according to a latest report by Reports and Data. Increasing number of smart city projects in developing countries and rising adoption of Internet of Things (IoT) technology are some key factors expected to drive market revenue growth during the forecast period. Sustainable resources, increasing demand for more energy efficient solutions, and advancements in digital technology has been resulting in rising focus on development of various smart city projects in developing countries. Governments in various countries such as the Government of India has committed to developing 100 smart cities and 99 cities as part of a USD 14 billion mission. The lighting industry is expected to play a major role in these smart city projects by providing smart lighting solutions which would ensure sustainability and energy saving. Rising demand for intelligent solutions for street lighting in order to enhance security and improve public safety is also expected to boost revenue growth of the market during the forecast period. Emergence of smart street lighting is a major catalyst for rapid development of smart cities across the globe. Upgradation of regular street lighting to connected smart street lighting solutions that can be remotely accessed, controlled, and managed to optimize performance and operations and offer benefits such as minimizing maintenance costs, curbing light pollution, reducing energy consumption, and lowering CO2 emissions id expected to continue going ahead.

LED manufacturers are increasingly investing in development of IoT enabled LED lighting systems, and companies such as Signify introduced Interact City, which is a connected LED lighting system with management software. The IoT enabled LED lighting system provides a strong infrastructure to enhance city services, beautify public spaces, and improve citizen safety.

Major players in the market report include Signify N.V. (Philips Lighting N.V.), Legrand, Acuity Brands, Inc., Osram Licht AG, Hubbell Incorporated, Leviton Manufacturing Company, Inc., Lutron Electronics Company, Honeywell International Inc., Zumtobel Group, and Ideal Industries.

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Some Key Highlights From the Report

  • In August 2021, Signify launched a new range of Philips Smart Wi-Fi lights in India. The product was launched under the smart light range of the company named Wiz. The product portfolio includes a new smart LED downlighter, T-Bulb, T-Beamer, and Batten in addition to the Wiz smart bulb. The new smart light works on Wi-Fi and does not need a dedicated hub like Philips Hue. The smart light can also be controlled using the Wiz mobile app or voice assistants such as Amazon Alexa and Google Assistant.
  • Hardware segment is expected to account for largest revenue share in the global smart lighting market over the forecast period owing to increasing demand as it is considered an integral part of smart lighting systems. Ability of smart LED lighting to reduce energy consumption and cost by almost 90% in industrial installations and office buildings is boosting its demand.
  • Wireless technology segment is expected to register robust revenue growth over the forecast period. Technologies utilizing wireless sensor networks are increasingly being developed for applications such as street lighting and traffic management.
  • Indoor application segment is expected to account for a considerably large revenue share in the global smart lighting market over the forecast period. Rising awareness regarding energy saving owing to rising energy costs and increasing need for more energy-efficient lighting solutions for commercial, industrial, and residential buildings is driving increasing usage of smart lighting for indoor applications.
  • New installations segment revenue is expected to expand significantly over the forecast period. Growth in commercial and industrial sectors in developing countries and increasing new constructional activities is boosting installation of smart LED lighting.
  • The smart lighting market in Europe is expected to account for largest revenue share over the forecast period. Government initiatives to support highly connected infrastructure for smart city networks across countries in Europe is boosting adoption of smart lighting solutions in the region.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/smart-lighting-market

For the purpose of this report, Reports and Data has segmented the global smart lighting market based on offering, communication technology, application, installation type, and region:

Offering Outlook (Revenue, USD Billion; 2018-2028)

  • Hardware
    • Lights & Luminaries
    • Lighting Controls
  • Software
    • Local/Web-Based Software
    • Cloud-Based Software
  • Services
    • Design & Engineering
    • Installation Services
    • Post-Installation Services

Communication Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Wired Technology
    • Digital Addressable Lighting Interface (DALI)
    • Power-Line Communication (PLC)
    • Power Over Ethernet (PoE)
    • Wired Hybrid Protocols
  • Wireless Technology
    • Zigbee
    • Bluetooth/Bluetooth Low Energy
    • EnOcean
    • Wi-Fi
    • 6LoWPAN
    • Wireless Hybrid Protocols

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Indoor Application
    • Residential
    • Commercial
    • Industrial
  • Outdoor Application
    • Highways & Roadways
    • Architectural
    • Public Places

Installation Type Outlook (Revenue, USD Billion; 2018-2028)

  • New Installation
  • Retrofit Installation

Regional Outlook (Revenue, USD Billion; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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Market Report includes major TOC points:

  • Smart Lighting market Overview
  • Global Economic Impact on Industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Smart Lighting market Forecast

Conclusively, all aspects of the Smart Lighting market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Assessment Services Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2020–2028

Increasing number of competitive examinations and certifications, along with rising population of young labor force are factor expected to drive market revenue growth

Market Size – USD 7.05 Billion in 2020, Market Growth – at a CAGR of 7.1%, Market Trends – Shifting preference among corporates and governments of various countries towards online exams

The global Assessment Services Market size is expected to reach USD 12.26 Billion in 2028 and register a revenue CAGR of 7.1% over the forecast period, according to the latest report by Reports and Data. Increasing number of young jobseekers as well as entrepreneurs, coupled with rising adoption of online assessment services for conducting various types of aptitude tests are some of the major factors driving market revenue growth. Assessment services are offered on Internet platform where individuals can find new and varying types of jobs and employment and increase scope of income-earning opportunities.

Corporate e-Learning enables organizations to decrease HR costs associated with training, onboarding, recruitment, retainment, and appointment via automated processes, sophisticated reporting, and minimal or no need for hiring talent department to manage and provide training or continued education. Online examination conducted for assessments or tests are done on a fully automated platform. Rising preference for online assessment services across the corporate sector and by government of various countries and for online exams is expected to fuel market growth in the coming years.

Budget concerns, connectivity issues, and improper utilization of assessment tools are major factors that could hamper revenue growth of the global assessment services market. Technologies are not always reliable as there might be Internet or connectivity issues, power outages, and others. Internet connectivity is still not available in isolated areas or rural villages and some underdeveloped regions. In case of a concurrent number of exams, Internet connectivity can be a hurdle for smooth execution of online examinations.

Increasing adoption of assessment services, including for examinations such as Predictive Index Behavioral Assessment Test (PIBAT) and Test of English as a Foreign Language (TOEFL), among others is another factor driving expected to drive revenue growth of the global assessment services market. Predictive index behavioral assessment test is generally used by organizations to secure candidates who are hardwired to be a good fit, to design teams that work well and excel, and to manage employees in a way that encourages them to perform best and remain at the top of their game. It is a stimulus-response tool that measures a person’s motivating needs and drivers. Test of English as a Foreign Language (TOEFL) is an aptitude assessment test used to measure the English language ability of individuals from non-native speaking countries wishing to enroll in the English-speaking universities.

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Players profiled in the global market report include Korn Ferry, AON PLC, IBM Corporation, Pearson Vue, TeamLease, Aspiring Minds, PSI Services LLC, Hogan Assessments, Talent Plus Inc., and Cubiks.

Some Key Highlights From the Report

  • Certification assessment services segment is expected to register significant revenue growth rate during the forecast period. Certification assessment services requires reviewing different types of accreditations such as professional certification, academic degrees, and product certification, among others. Certification assessment services is usually applied for professional purposes and educational institutes. Organizations can ascertain that certification provided by an individual are authentic, with the help of this service.
  • Online segment accounted for largest revenue share in 2020, owing to rising emphasis to source and promote candidates from any part of the globe. Online mode of classes can be accessed anytime as per one’s comfort as opposed to attending classes physically at a proposed time. Additionally, it has been proven that with the help of online training or e-Learning, associates learn nearly five times more within a shorter span of training time.
  • Corporate segment accounted for a significantly large revenue share in the global market in 2020. Assessment service plays a significant role in the corporate industry as the corporate sectors always invest significantly for best possible ways to filter out the right candidates for available posts. Assessment services in corporate sectors consist of employee hiring program, training and engagement tests for the projects, administrative assessments, appraisals and designation assessments, and other internal development assessments.
  • Asia Pacific market is expected to register a significantly high revenue growth rate during the forecast period due to rising number of competitive examinations and certifications at an international level, and increasing requirement for skill assessment for increasing employability in countries in the region. In addition, rapid adoption of the technology in sectors such as Telecom & IT, BFSI, and retail is driving revenue growth of the assessment services market in the region.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/assessment-services-market

For the purpose of this report, Reports and Data has segmented the assessment services market based on product type, assessment service type, medium, sectors, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

  • Psychometric Tests
  • Aptitude Tests
  • Coding Tests
  • Others

Assessment Service Type Outlook (Revenue, USD Billion; 2018-2028)

  • Entrance Assessment Services
  • Recruitment & Promotion Assessment Services
  • Certification Assessment Services
  • Pre-employment Assessment Services
  • Development Assessment Services

Medium Outlook (Revenue, USD Billion; 2018-2028)

  • Offline
  • Online

Sectors Outlook (Revenue, USD Billion; 2018-2028)

  • K-12
  • Higher Education
  • Corporate
  • Government

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Market Report includes major TOC points:

  • Assessment Services market Overview
  • Global Economic Impact on Industry
  • Global Market Competition by Manufacturers
  • Global Production, Revenue (Value) by Region
  • Global Supply (Production), Consumption, Export, Import by Regions
  • Global Production, Revenue (Value), Price Trend by Type
  • Global Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Assessment Services market Forecast

Conclusively, all aspects of the Assessment Services market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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