Network Traffic Analytics Market to grow at 20% CAGR from 2018 to 2024

​The technology research report “Network Traffic Analytics Market Size, By Component (Solutions [Network Traffic Monitoring, Network Visibility, Network Performance, Network Security, Network Capacity Planning], Services [Integration and Deployment Service, Consulting Service, Training and Support Service, Managed Service]), By Deployment Model (On-premise, Cloud), By End-Use (Service Providers [Cloud Service Provider, Telecommunication Service Provider, Internet Service Provider, Managed Service Provider], Enterprise [BFSI, IT & Telecom, Healthcare, Education, Retail, Energy, and Utilities]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Network Traffic Analytics Market size is set to exceed USD 2,500 million by 2024; driven by growth in the adoption of IoT and BYOD and connected devices.

The robust growth in the deployment of cloud technology by the IT sector in order to fulfill the immediate demands of consumers and enterprises is a pivotal factor driving network traffic analytics market. The exponential rise in cloud data center traffic is also slated to stimulate network traffic analytics industry.

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In 2017, the on-premise deployment model accounted for a revenue of USD 670.1 million. As per the report, the capability of this deployment model to protect data and provide high regulatory compliance is estimated to boost product demand over the years ahead.

Europe accounted for about 26% of the network traffic analytics industry share in 2017. The presence of renowned telecom companies including Vodafone, and Telefonica S.A. across this region is poised to expedite the industry growth. Furthermore, the implementation of regulatory norms related to data protection will also boost Europe network traffic analytics market share.

The key players profiled in the report are Accenture, Allot Communications, Ascom Holdings, Bradford Networks, Cisco, Flowmon Networks, Genie Networks, Huawei, IBM, Juniper Networks, Kentik, Microsoft Corporation, Netmon, Inc., Netreo, Inc., Nokia Networks, Palo Alto Networks, Plixer, SolarWinds, Symantec, and Zenoss. The companies have been profiled in terms of their product landscape, SWOT analysis, and strategic outlook.

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Scope of the report:

  • Network traffic analytics market component landscape:
  • oServices: Consulting Service, Managed Service, Integration and Deployment Service, Training and Support Service
  • oSolutions: Network Visibility, Network Security, Network Traffic Monitoring, Network Capacity Planning, Network Performance
  • Network traffic analytics market deployment landscape: On-premise, Cloud
  • Network traffic analytics market end-use landscape:
  • oEnterprise: IT & Telecom, Energy and Utilities, Education, Healthcare, BFSI, Retail
  • oService providers: Telecommunication Service Provider, Cloud Service Provider, Managed Service Provider, Internet Service Provider
  • Network Traffic analytics market regional Landscape: Canada, U.S., France, Germany, Spain, Italy, UK, South Korea, India, China, Australia, Japan, Mexico, Brazil, Argentina, South Africa, GCC

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Report Content

Chapter 3. Network Traffic Analytics Market Industry Insights

3.1. Introduction

3.2. Network traffic analytics industry segmentation

3.3. Network traffic analytics industry landscape, 2015 – 2024

3.4. Network traffic analytics industry ecosystem analysis

3.5. Network traffic analytics industry evolution

3.6. Network traffic analytics industry architecture

3.7. Market news

3.8. Regulatory landscape

3.8.1. Network and Information System (NIS) Regulation

3.8.2. European Union Agency for Network and Information Security (ENISA)

3.8.3. Australian Communications and Media Authority (ACMA)

3.8.4. Telecom Regulatory Authority of India (TRAI)

3.8.5. General Data Protection Regulation (GDPR)

3.8.6. Cybersecurity law China

3.8.7. California Online Privacy Protection Act (CalOPPA)

3.9. Technology & innovation landscape

3.9.1. AI and ML-based cybersecurity to deal with real-time threats

3.9.2. Adoption of predictive analytics

3.9.3. Rising advent of edge computing

3.10. Industry impact forces

3.10.1. Growth drivers

3.10.1.1. Advancement in network infrastructure

3.10.1.2. Rise in the amount of DDoS attacks

3.10.1.3. Growth in the adoption of IoT and BYOD and connected devices

3.10.1.4. Exponential rise in the cloud traffic worldwide

3.10.1.5. Increasing demand for IT budget in security sector

3.10.1.6. Development and growth of SaaS-enabled network traffic analytics solutions

3.10.2. Industry pitfalls & challenges

3.10.2.1. High initial investment related with network traffic analyzer tools

3.10.2.2. Accessibility to free network traffic analysis tools

3.10.2.3. Operators inefficiency to choose the network traffic analytics solution as per their business requirement

3.11. Growth potential analysis

3.12. Porter’s analysis

3.13. PESTEL analysis

Chapter 4. Competitive Landscape

4.1. Introduction

4.2. Company market share, 2017

4.3. Major network traffic analytics market players, 2017

4.3.1. Cisco

4.3.2. Juniper Networks

4.3.3. Symantec

4.3.4. Nokia Networks

4.3.5. IBM

4.4. Major network traffic analytics market innovation leaders, 2017

4.4.1. Kentik

4.4.2. Flowmon

4.4.3. Plixer

4.4.4. Genie Networks

4.4.5. Netreo, Inc.

4.5. Other prominent vendors

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Virtual Private Network Market 2024: Opportunity and Demand Analysis, 2018-2024

​According to new Global Market Insights, Inc, technology research report Virtual Private Network (VPN) Market size is driven by the rising demand for secured private connections. VPN technology gives extremely secured connections and extends private networks across public networks. It enables the user to exchange data across shared or public networks. It also, increases the efficiency of the organization by mitigating the risk of cyber-attacks and data breaches. For instance, a manufacturing company can significantly increase its management efficiency and minimize the drive time by utilizing VPN. With advancements in the technology, there was an increase in cyber-attacks by around 164% in 2017 as compared to 2016. This is the major reason for the rising demand for cloud-based security solutions, which in turn fosters the demand for VPN market.

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The advantages of VPN include improved communication, better security, low operating costs, and increased flexibility & reliability for the end user. It enables the user to access the business network or home network securely while traveling. It secures the browsing activities of the users from local networks. It also provides access to geo-blocked websites and assists in downloading file securely using a VPN-prepared system.

VPN market can be categorized into firewall based, hardware based, software based, and Secure Socket Layer (SSL) technology based. The firewall based is used to protect the system from malicious content, and from unauthorized users intercepting the connection. The hardware-based VPN consists of the total package installed in a compact system that provides a secure way to exchange the data. The software-based VPN is to be installed in the system within an organization. It is multiuser and shares the server with other applications installed in the organization. The SSL is dominating the technology landscape. The SSL is built into a modern web-browser and allows a user from any internet enabled location to browse using a remotely operated, secure VPN connection. It uses device-to-device encryption to secure the data transferred between the endpoint-device-user-software and allows the clients to connect to the internet securely. With SSL VPN system, more productivity enhancement, improved availability, and cost savings are observed by the IT, BFSI, and the healthcare & life sciences industries.

North America holds a majority share of the VPN market due to a robust growth in the BFSI, retail, and other sectors in this region along with a rising adoption of VPN systems by the healthcare industry in the U.S. As the region is witnessing rapid digitization in the healthcare sector due to favorable government initiatives for recording the medical data from birth till death, it is expected to dominate the global VPN market between 2018 and 2024. The VPN market is growing at a good pace in Asia Pacific due to the growing trend of these networks among enterprises in India, China, and other Asia Pacific countries. For instance, there was an increase of around 11.34% in 2017 considering the number of internet users in India, as compared to 2016. However, India tends to be one of the most affected countries by cybercrimes. There was an increase in cyber-attacks in India by about 6.25% in 2016 over 2015. This ultimately creates an opportunity for the enterprises providing VPN services to capture the market in India.

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The companies operating in the VPN software market focus on acquisitions to provide better facilities to the customers. For instance, in June 2016; Cisco acquired CloudLock and in July 2017; it acquired Observable Networks, Inc. Also, in February 2018, Cisco acquired Skyport systems to grow faster and to increase its market share in the VPN software market. VPN software market includes various vendors providing solutions to the market such as Cisco, Microsoft, Google, Oracle, Contemporary Controls Systems, Cohesive Networks, NCP Engineering, Huawei Technologies, Robustel, Contemporary Controls Systems, Vertela, Singapore Telecommunications, Golden Frog, and Cyberghost.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Network Automation Market to reach $7bn by 2024

​The technology research report “Network Automation Market Size By Type ( Local Area Network (LAN), Wide Area Network (WAN), Data Center Networks, Cloud Networks, Wireless Networks), By Component (Software [Intent-based networking, SD-WAN, Network Automation Tools], Service [Professional Service, Managed Service]), By Network Infrastructure (Physical Network, Virtual Network, Hybrid Network), By Application (Manufacturing, Telecom & IT, Healthcare, Energy & Utilities, BFSI), By Deployment Type (On-Premise, Cloud), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Taiwan, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Network Automation Market to exceed USD 7 billion by 2024; driven by rise in investment by network automation solution vendors.

A significant surge in the adoption of software-defined networking and network function virtualization to enhance the IT environment of enterprises is expected to augment the industry share over 2018-2024. The network automation market trends are further driven by supportive government initiatives to deploy advanced network technology.

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The BFSI sector accounted for 18% of the global network automation market share in 2017. According to the report, digitalization trends and the adoption of automation in the banking industry have been propelling the product demand in this sector.

Asia Pacific network automation market is projected to register a double-digit CAGR of 28% over 2018-2024. Robust investments toward the deployment of 5G technology infrastructure, particularly across the emerging economies have driven the regional industry share. Rapid urbanization and rise in disposable incomes have also been identified as significant factors influencing market growth.

The key players profiled in the report are Fujitsu Ltd., IBM, IPsoft Inc., Wavestone, HCL Technologies, EfficientIP, SolarWinds Worldwide LLC, Puppet, HelpSystems LLC, Gluware, Inc., Red Hat, Inc., Itential, Onapsis Inc., Cisco Systems, Inc., Network to Code LLC, Riverbed Technology, Inc., Intraway Corporation, Cumulus Networks, Apstra, NetBrain Technologies, Inc., Anuta Networks, Micro Focus International plc, Infoblox, Veriflow Systems, Juniper Networks, Inc., BMC Software, Inc., 6connect, Inc., Arista Networks, BlueCat, Entuity Network Management. The companies have been profiled in terms of their product portfolio, SWOT assessment, and strategic outlook.

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Scope of the report:

Network automation market type landscape: Wide Area Network (WAN), Local Area Network (LAN), Data Center Networks, Wireless Networks, Cloud Networks,

Network automation market component landscape:

  • Software: Intent-based networking, Network Automation Tools, SD-WAN
  • Service: Professional Service, Managed Service

Network automation market network infrastructure landscape: Physical Network, Hybrid Network, Virtual Network

Network automation market application landscape: Manufacturing, BFSI, Telecom & IT, Healthcare, Energy & Utilities

Network automation market deployment type landscape: Cloud, On-Premise

Network automation market regional landscape: Canada, U.S., UK, France, Germany, Italy, Spain, Japan, China, India, South Korea, Taiwan, Australia & New Zealand (ANZ), Mexico, Brazil, GCC, South Africa

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Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definitions

1.1.6. Methodology & forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1. Paid sources

1.2.2.2. Public sources

Chapter 2. Executive Summary

2.1. Network automation industry 360º synopsis, 2013 – 2024

2.1.1. Regional trends

2.1.2. Type trends

2.1.3. Component trends

2.1.3.1. Software trends

2.1.3.2. Services trends

2.1.4. Network infrastructure trends

2.1.5. Deployment type trends

2.1.6. Application trends

Chapter 3. Global Network Automation Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2013 – 2024

3.4. Industry ecosystem analysis

3.5. Network automation architecture analysis

3.6. Network automation evolution

3.7. Network automation standards

3.7.1. Fiber Channel over Ethernet (FCoE)

3.7.2. Data Center Bridging

3.7.3. Network Virtualization Using Generic Routing Encapsulation (NVGRE)

3.7.4. Virtual Extensible Local Area Network (VXLAN)

3.7.5. Virtual Edge Port Aggregator (VEPA)

3.7.6. Transparent Interconnection of Lots of Links (TRILL)

3.8. Technology & innovation landscape

3.8.1. Intent-based networking

3.8.2. SDN & NFV

3.8.3. Cutting edge technology

3.9. Industry impact forces

3.9.1. Growth drivers

3.9.1.1. Surge in adoption of smart connected devices

3.9.1.2. Rise in investment by network automation solution vendors

3.9.1.3. Increasing demand of network virtualization & SDN infrastructure

3.9.1.4. Escalation in error rates by manual systems

3.9.1.5. Increasing adoption of cloud-based services

3.9.2. Industry pitfalls & challenges

3.9.2.1. Lack of skilled professionals

3.9.2.2. Presence of open automation tools

3.10. Porter’s analysis

3.11. PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Network Access Control Market 2024: Opportunity and Demand Analysis, 2018-2024

​According to new Global Market Insights, Inc, technology research report Network Access Control (NAC) Market size is driven by the increasing malware attacks on enterprises. The evolving hacking strategies and antiquated security technologies across various business enterprises and government agencies have attributed to the rise in malware attacks. Furthermore, emerging technology trends, such as bring your own devices (BYOD), have further fostered the growth of NAC market. The widespread adoption of mobile devices along with faster data transfer speeds and advancements in mobile security platforms have facilitated the adoption of BYOD platforms.

Moreover, compatibility of NAC with operating systems, such as Microsoft, Android, and Mac OS, have improved the market demand. For instance, Microsoft’s Intune offers interoperability with its network access control partners to help enterprises secure corporate data when devices try to access company resources. Similarly, Nordic Aviation Capital has adopted Citrix’s solution XenApp & NetScaler Unified Gateway to establish a flexible cloud-based solution that would allow its employees fast & secure access to company resources whether on campus or out in the field.

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The key restraints in the market are high capital requirement and the need for appropriate administrative policies. The other challenges associated with network access control deployment are time delay during the phased-out approach and full lockdown during the accelerated approach. Furthermore, the lack of complete control to identify user access & guest access affects the market.

Hardware, software, and services are the major components of the NAC market. The hardware component reports information to central console which in turn can enforce the policy. The deployment of hardware products has limited risks and hence, they hold the majority share in the market. The software products enforce pre-admission and post-admission policies on the end-stations to provide them access to the network.

The various services provided across the NAC market are installation, training, integration, professional services, and support & maintenance. The high security requirements such as role-based network access and endpoint isolation across various financial institutions and corporations have driven the demand for services.

NAC solutions can be deployed into on-premise and cloud-based models. The on-premise is also known as infrastructure-based, which connects the user to a wired network and allows access to its resources. The cloud-based model also known as appliance-based model provides a role-based access control & authentication to its users through LAN, VAN or other wireless connections.

NAC systems have been used in various industry verticals including financial services, government, manufacturing, telecommunication, IT, healthcare, businesses, insurance, entertainment, media, retail, and transportation sectors. Financial service is estimated to account for the majority share in the market due to the increasing adoption of NAC solutions across banks, insurance, and other financial institutes to control security and access control from a centralized location. Furthermore, the system also offers high scalability, flexibility, and local intelligence to protect against communication failures.

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North America region holds the largest market share in the NAC market. This is attributed to the early adoption of smartphones and IoT technologies. The growing use of IoT in manufacturing and retail coupled with the burgeoning connected car market has driven the demand for endpoint security technologies using NAC platforms. Asia Pacific and Latin America regions are estimated to grow substantially during the forecast period due to the increasing adoption of cloud-based technologies and social media platforms in developing countries including India, Brazil, and China.

The major vendors in the market are Key Innovator, Portnox, Pulse Secure, LLC., Auconet, Avaya, Bradford Networks, Hewlett Packard Enterprise Development LP, Impulse Point, Cisco Systems, Extreme Networks, and ForeScout Technologies. The companies operating in the market space focus on forming partnerships to gain a competitive edge over their competitors. For instance, in January 2018, Portnox launched its global partnership program Portnox Sphere. This program offers Portnox’s network visibility & access control solutions to a wide range of businesses and controlling access for more customers. Similarly, in December 2016, Bradford Networks, a provider of network security solutions partnered with select Managed Security Service Providers (MSSP) to deliver business-class security controls as a managed offering that will accelerate the adoption of mobile and IoT endpoints.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Offshore Wind Energy Market in U.S. to cross $5bn by 2024

​The technology research report “Offshore Wind Energy Market Size By Component (Turbine {Rating (< 100 kW, 100 kW to 250 kW, > 250 kW to 500 kW, > 500 kW to 1 MW, 1 MW to 2 MW, > 2 MW), Installation (Floating {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module, Nacelle Module, Tower Module}}, Fixed {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module, Nacelle Module, Tower Module}}}), Support Structure (Substructure (Steel), Foundation {Monopile, Jacket}), Electrical Infrastructure (Wires & Cables, Substation)), By Depth (0 – 30 m, 30 – 50 m, > 50 m), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, Spain, UK, France, Italy, Sweden, Poland, Denmark, Portugal, Netherlands, Ireland, Romania, Belgium, Austria, China, India, Australia, Japan, South Korea, Vietnam, Thailand, Philippines, Taiwan, South Africa, Egypt, Morocco, Ethiopia, Tunisia, Jordan, Brazil, Chile, Argentina, Uruguay), Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Offshore Wind Energy Market to exceed USD 60 Billion by 2024; driven by growing adoption of clean energy sources and increasing demand for electricity.

Shifting focus toward renewable power generation to mitigate the harmful GHG emissions will positively impact the offshore wind energy market. In addition, favorable legislative reforms and fiscal assistance to capitalize on the extensive offshore potential will further augment the industry landscape. For instance, the DOE’s Wind Energy Technologies Office (WETO) funds the research, development and deployment of offshore wind technologies in the U.S.

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The U.S. offshore wind energy market is projected to exceed USD 5 Billion by 2024. Recent discovery of potential sites coupled with crucial investments to improve the offshore supply chain will drive the industry size. In April 2018, BNOW in collaboration with Société Générale, a French multinational, held a workshop with experts working in the offshore industry to improve the investments in the U.S. offshore sector.

Sturdy technological advancements in turbine designs accompanied by improved efficiency and cost reduction will stimulate the offshore wind energy market share. For instance, GE Renewable Energy, in March 2018, launched the Haliade-X, a 12 MW offshore turbine offering a 45% increase in electricity generation compared with current offshore projects. Favorable industrial outlook toward the integration and development of large units along with improving foundation techniques will further complement the business outlook.

Increasing funding toward the utilization of clean energy resources from various financial institutions including Asian Development Bank (ADB), the World Bank and International Finance Corporation (IFC) will enhance offshore wind energy market. The UK Government has established the Offshore Wind Investment Organization to facilitate funding toward the sustainable energy resource integration to maintain effective offshore wind supply chain.

The turbines account for a major share of the total project prices and play a key role toward the feasibility and plant performance. In addition, ongoing developments in turbine length and size for offshore installations, developing turbine assembly concepts and new blade designs are some of the essential factors strengthening the offshore wind energy market.

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Introduction of variable transmission devices, superconducting generators and enhanced generator speed are some essential advancements driving the offshore wind energy market. Technological advancements in the construction of effective cooling systems and the use of high voltage array cables will further stimulate the business potential.

The UK offshore wind energy market, in 2017 was valued over USD 8 Billion. Favorable regulatory measures, energy security initiatives and decarbonization reforms are some of the key factors that will augment the industry outlook. Increasing fund allocation by leading companies to expand the offshore wind potential will further favor the industry outlook. According to Wind Europe, an investment of about USD 59 billion was allocated in Europe, with major fund contribution from public market transactions, mergers at project levels and new assets.

Eminent offshore wind energy market participants comprise Vestas, Enercon, GE, Nordex Acciona, Senvion, Siemens Gamesa, MHI-Vestas, United Power, WEG SA, Goldwind, Envision Energy, Mingyang, Suzlon, Wobben, Clipper, Bergey, Impsa, LM, Enessere, RTS, Northern Power Systems, Availon, Global Energy Services, Prysmian, Furukawa Electric, General Cable, LS Cable, Southwire, Nexans, and Sumitomo.

Offshore Wind Energy market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW and USD from 2013 to 2024, for the following segments:

Offshore Wind Energy Market, By Component

  • Turbine
    • Rating
      • < 100 kW
      • 100 kW to 250 kW
      • > 250 kW to 500 kW
      • > 500 kW to 1 MW
      • 1 MW to 2 MW
      • > 2 MW
    • Installation
      • Floating
        • Axis
          • Horizontal (HAWTs)
            • Up-wind
            • Down-wind
          • Vertical (VAWTs)
        • Structure
          • Rotor Module
          • Nacelle Module
          • Tower Module
      • Fixed
        • Axis
          • Horizontal (HAWTs)
          • Vertical (VAWTs)
        • Structure
          • Rotor Module
          • Nacelle Module
          • Tower Module
  • Support Structure
    • Substructure
    • Foundation
      • Monopile
      • Jacket
    • Others
  • Electrical Infrastructure
    • Wires & Cables
    • Substation
    • Others
  • Others

Offshore Wind Energy Market, By Depth

  • 0 – 30 m
  • 30 – 50 m
  • > 50 m

The above information is provided on a regional & country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • UK
    • France
    • Italy
    • Sweden
    • Poland
    • Denmark
    • Portugal
    • Netherlands
    • Ireland
    • Romania
    • Belgium
    • Austria
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • South Korea
    • Vietnam
    • Thailand
    • Philippines
    • Taiwan
  • Middle East & Africa
    • South Africa
    • Egypt
    • Morocco
    • Ethiopia
    • Tunisia
    • Jordan
  • Latin America
    • Brazil
    • Chile
    • Argentina
    • Uruguay

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Solid State Lighting Market to reach 10 billion units by 2024

​The technology research report “Solid State Lighting Market Size By Technology (LED {By Product [Lamps, Luminaires], By Installation [New, Retrofit], By Application [Indoor (Residential, Commercial ( Office, Malls, Hospitals), Industrial (Mining, Automotive, Construction), Outdoor (Highway & Roadway, Architectural, Public)}, OLED {By Application [Industrial, Residential, Commercial, Automotive, Hospital, Architectural]}) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, Denmark, Netherlands, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Solid State Lighting Market to surpass USD 85 billion by 2024; driven by government initiatives for the development of smart cities.

Rapid urbanization & industrialization primarily in Malaysia, and China have increased the focus on energy-efficient lighting to reduce GHG emissions and improve bulbs life may contribute to solid state lighting market demand. These products provide high energy efficiency and less heat generation as compared to incandescent lamps thereby leading to reduction in carbon emissions. The implementation of solid state lighting technology may reduce global lighting CO2 emissions by approximately 1,500 million tons thereby stimulating market growth.

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High efficiency, improved battery life, and design flexibility are contributing to rising solid state lighting usage in automotive lighting applications. Additionally, increasing usage of solid state lighting technology in high, mid and low-end cars pertaining to cost standardization and optimization may further propel solid state lighting market. Rising high-brightness LEDs demand for providing high visibility & differentiation is likely to boost the market.

Ban on energy-inefficient lighting products such as incandescent and halogen bulbs majorly in the U.S., Germany, France and UK is likely to significantly boost solid state lighting market growth. For instance, EU ban on incandescent, halogen bulbs & CFL lamps is further promoting the usage of LED bulbs in the region. Regulations against incandescent bulb import, manufacture or sale for general illumination applications is estimated to significantly expand the market size up to 2024.

Europe OLED based solid state lighting market size may register gains close to 11% by 2024. Declining prices due to reduction in manufacturing costs and increasing demand for sustainable & energy-efficient lighting products are predicted to boost market growth. solid state lighting products are majorly used in several outdoor lighting applications such as parking lots, campuses and street lights which may further contribute to the growth solid state lighting market demand.

Phosphides & nitrides of aluminum, gallium and indium are the major raw materials used in manufacturing of solid state lighting products. High manufacturing cost owing to expensive raw materials and low emission efficiency will be a major challenge and may pose a high threat for the solid state lighting industry growth.

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Germany LED based solid state lighting market share from industrial applications is poised to exceed USD 2.5 billion over the foreseeable time period. They are widely used in the automotive sector due to its cutting-edge design which in turn enhances car’s aesthetic look and style.

U.S. LED market size from outdoor applications may witness significant gains at about 12.5% by 2024 owing to declining streetlight LED prices and rising government focus on energy efficient products. The progress of LED outdoor lighting market from a nascent to a mature stage along with replacement of decorative streetlights in various cities such as Las Vegas, Los Angeles and New York to achieve energy & cost reduction will further stimulate market growth.

China OLED based solid state lighting market revenue from architectural applications may witness significant gains over the foreseeable timeframe. They are mainly used for decoration purpose, buildings structure illumination and signage backlighting owing to its diffused output and low luminance.

General Electric, OSRAM, Koninklijke Philips, and Cireon are the prominent industry participants in the solid state lighting market. Companies are concentrating on innovative strategies to improve color rendition and achieve cost advantages in addition to indulging in acquisitions & collaborations to complement their product portfolio which may stimulate solid state lighting industry demand.

Solid state lighting market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in units and revenue in USD from 2013 to 2024, for the following segments:

By Technology

  • LED
    • By Product
      • Lamps
      • Luminaires
    • By Installation
      • New installation
      • Retrofit
    • By Application
      • Indoor lighting
        • Residential
        • Commercial
          • Office
          • Malls
          • Hospitals
        • Industrial
          • Mining
          • Automotive
          • Construction
          • Others
      • Outdoor lighting
        • Highway
        • Architectural
        • Public places
        • Others
  • OLED
    • By Application
      • Industrial
      • Residential
      • Commercial
      • Automotive
      • Hospital
      • Architectural

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Denmark
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Thailand
  • Latin America
    • Brazil
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

Browse key industry insights spread across 530 pages with 1284 market data tables & 35 figures & charts from the report, Solid State Lighting Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/solid-state-lighting-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Blog: http://technologymagazine.org/

Asia Pacific NFV Market to grow at 50% CAGR from 2018 to 2024

​The technology research report “Network Function Virtualization (NFV) Market Size By Component (Hardware [NFV Servers, Storage, Switches], Software [NFV Management and Orchestration {NFV-MANO}, Virtual Network Function {VNF} Software], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Network Function Virtualization (NFV) Market size is set to exceed USD 70 billion by 2024; driven by increasing demand for data center consolidation and server virtualization.

The NFV market growth is attributed to the growing trend of mobility in enterprise IT infrastructures, lower telecom carrier costs enabled by NFV deployment, and consistent industry as well as government initiatives for the commercialization of 5G network technology. As network service providers have invested in multiple technology transitions for mobile, broadband access, and business services over the years, disparate networks with their own proprietary architecture have emerged. This has led to enormous CAPEX and OPEX budget bloats. NFV allows service providers to effectively virtualize network functions such as load balancers, firewalls, subscriber policy management, and mobile RAN (Radio Access Network) functions. Due to the excellent flexibility and agility offered by NFV solutions, enterprises can scale their networking infrastructure in response to increased workloads by using cloud-native NFVs. This flexibility allows them to reduce the cost incurred in procuring additional hardware appliances for supporting newly introduced network services.

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The hardware segment held a majority share of around 48% in 2017 in the global NFV market due to the large-scale adoption of NFV servers for virtualizing diverse network functions such as firewalls, Network Address Translation (NAT), routing, and Internet Protocol Security (IPSec). As the market evolves, the software segment is expected to lead the network function virtualization market growth due to the extensive deployment of NFV-MANO platforms as well as VNF software applications meant for virtualizing a diverse set of network functions.

NFV’s appeal lies in its ability to deliver more network function performance with lesser data center rack space, power, and cooling. This capability is provided by the virtualized architecture of the network framework supported by sophisticated NFV software platforms and applications. Also, NFV software solutions can quickly provision different types of virtual security appliances to enable software-defined security to manage a dynamic threat landscape and protect the network integrity.

The manufacturing sector in the network function virtualization market is expected to witness the fastest growth while registering a CAGR of around 50% between 2018 and 2024 due to the large-scale implementation of IIoT technology leading to a rapid growth in the number of connected components in the industrial IT environment. In the manufacturing sector, companies are leveraging the latest data center technologies and the best design practices for enabling a better control over supply chains, enhancing productivity through automation and closely managing the manufacturing processes through the use of data processing solutions. Data center functions are being increasingly utilized to consolidate operations and to integrate different manufacturing processes.

Data center operations are expected to play a critical role in gathering and managing machine related performance metrics to facilitate the real-time management of operational processes in manufacturing industries. With increasing diversity of connected devices and machine systems, modern networking functions, such as NFV and SDN, will enable a better management of networking functions in large-scale industrial networks in the manufacturing sector over the forecast period.

Asia Pacific NFV market is projected to grow with the highest CAGR of around 50% during the forecast period. The increasing adoption of cloud-based computing and storage technology by SMEs in the region, expansion of data center ecosystem in the region by leading global cloud service providers, and large-scale investment in 5G testing and commercialization by telecom carriers in China are some of the major factors influencing the growth of the Asia Pacific NFV market.

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Companies operating in the global NFV market focus on product development and innovation to develop robust network virtualization platforms along with strategic collaborations and partnerships to leverage their mutual technological capabilities and create innovative service offerings. Major players, such as Huawei, Cisco, Nokia, HPE, and VMware focus, on developing modern network virtualization infrastructure to enable service providers to run network services in a faster and more efficient manner while enabling significant CAPEX and OPEX savings on hardware investment. The cloud service providers provide the building blocks that can be quickly assembled to build a virtual network infrastructure in the cloud. Customers have option to run compute, storage, and database services in the cloud on a pay-as-you-go model to benefit from the scalable architecture.

Some of the key players operating in the network function virtualization market are Cisco, Huawei, Ericsson, VMware, Juniper, F5 Networks, Nokia, AT&T, HP, Citrix, NFWare, WindRiver, Riverbed, Broadcom, Oracle, Verizon, 6Wind, Arista, Amdocs, IBM, and Pluribus.

network function virtualization market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

NFV Market, By Component

  • Hardware
    • NFV severs
    • Storage
    • Switches
  • Software
    • NFV Management and Orchestration (MANO)
    • Virtual Network Function (VNF) software
  • Service
    • Training and consulting
    • Integration and maintenance
    • Managed service

NFV Market, By Application

  • IT & Telecom
  • BFSI
  • Healthcare
  • Retail & consumer goods
  • Government
  • Manufacturing

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • Australia & New Zealand (ANZ)
    • South Korea
    • India
  • LAMEA
    • Brazil
    • Mexico
    • GCC
    • South Africa

Browse key industry insights spread across 240 pages with 268 market data tables & 28 figures & charts from the report, Network Function Virtualization (NFV) Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/network-function-virtualization-nfv-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Corporate Sales, USA
Global Market Insights, Inc.
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Testing, Inspection, and Certification Services Market to cross $240bn by 2024

​The technology research report “Testing, Inspection, and Certification (TIC) Services Market Size, By Service (Testing, Inspection, Certification), By Type (In-House, Outsource), By Application (Agriculture & Food, Construction, Life Science, Consumer Product, Transportation, Energy, Oil, Gas, & Chemical, Mining), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Denmark, Australia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Testing, Inspection & Certification (TIC) Services Market size is estimated to be over USD 240 billion by 2024; driven by growing demand for third part services.

The testing, inspection & certification services market is propelled by the growing trend of outsourcing services from third-party specialist firms. Large corporations & state-owned establishments are gradually outsourcing their TIC activities to reduce the cost and focus on their core business competency. The stringent government regulations to ensure the safety and quality of the products also drives the market growth. Over the past five years, the incidences of non-compliance scandals have increased significantly. This is encouraging government authorities to implement stringent regulations associated with testing, inspection, and certification standards.

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Moreover, the rise in the unethical manufacturing methodologies to reduce the cost is also augmenting the demand for the TIC services market. The quality expectations and consumer safety requirements are becoming complex day by day, and the nonfulfillment of consumer expectations has led to product callbacks. This is forcing companies to employ advanced inspection methodologies to comply with the industry standards and fulfill customer expectations.

The certification service market is anticipated to attain CAGR of over 9% during the forecast timeline. The increasing concern towards the product quality, safety, and environmental health is driving the market growth. Furthermore, the requirement to comply with the national and international standards is augmenting the demand for the testing, inspection & certification services market.

Agriculture & food markets are among the most lucrative applications of the TIC services market. These are anticipated to grow at the CAGR of over 10%. The increasing focus of the government authorities on the food safety and health is a primary factor driving the market growth. Food contamination diseases are forcing the governments to develop strict standards and guideline for manufacturers to ensure the safety of their products. Furthermore, the increasing number of foodborne illnesses are driving the demand for inspection services in the food and agricultural sector. For instance, in 2016 the FDA reported a Hepatitis outbreak due to contaminated frozen strawberries, which caused 143 illnesses across 9 states and hospitalized approximately 50 people. In addition, the increasing trade between countries and the globalized food supply chain is also driving the demand for TIC services within the food and agricultural sector.

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Asia Pacific testing, inspection & certification services market is anticipated to attain a growth rate of over 9% during the forecast timespan. The growth of the market is driven by the rapid industrialization and urbanization in emerging economies such as India and China. The urbanization in these countries has attracted massive investment in the energy, infrastructure, and transport. This is developing myriad opportunities for the growth of the market. Furthermore, the rising demand for quality and safety of the products along with the environmental health is giving rise to the requirement of effective TIC services in these regions.

The key players in the testing, inspection & certification services market are Applus, Apave, Bureau Veritas, Corelab, DEKRA, Eurofins, Intertek, DNV GL, Lloyd’s Register Group, TUV SUD, SGS SA, SYNLAB, TUV Rheinland, TUV Nord, ALS, SOCOTEC, Kiwa Group, RINA, and UL. Merger & acquisition is the common strategy used by market players to gain the market share. For instance, in November 2017, SGS acquired BioVision Seed Research Limited to strengthen its presence in the Canadian Agriculture market.

The global testing, inspection & certification services market research report includes an in-depth coverage of the industry with estimates & forecast revenue in USD from 2013 to 2024, for the following segments:

Testing, Inspection & Certification (TIC) Services Market, By Service

  • Testing
  • Inspection
  • Certification

Testing, Inspection & Certification (TIC) Services Market, By Type

  • In-house
  • Outsource

Testing, Inspection & Certification (TIC) Services Market, By Application

  • Agriculture & Food
  • Construction
  • Life Science
  • Consumer Products
  • Transportation
  • Energy
  • Oil, Gas & Chemical
  • Mining

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Denmark
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

Browse key industry insights spread across 250 pages with 210 market data tables & 31 figures & charts from the report, Testing, Inspection, and Certification (TIC) Services Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/testing-inspection-certification-tic-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:http://technologymagazine.org/
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Blockchain Market to grow at 75% CAGR from 2018 to 2024

​The technology research report “Blockchain Market Size By Providers (Infrastructure Provider, Application Provider, Operators), By Application (Smart Contract, Payment & Wallet, Digital Identity, Exchange, Compliance & Risk Management), By End-use (BFSI, Government, Healthcare, IT Service, Media & Entertainment, Transportation & Logistics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Switzerland, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, Israel, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Blockchain Market to exceed USD 16 billion mark by 2024; driven by growing adoption of distributed ledger among banking and financial institutes.

The increasing investment by the venture capitalists in the blockchain technology is a major factor propelling the market growth. A glut of investor interest has led to the explosion in the blockchain market space. In 2017, approximately USD 1 billion investment in the blockchain start-ups with more than 185 deals across the globe has been witnessed. The number has significantly increased from the USD 545 million investment with more than 135 deals in 2016. This encourages the development of the cutting-edge technology and accelerates the adoption among the industry verticals.

The growing trend of Initial Coin Offering (ICOs) also supports the blockchain market growth. The blockchain companies started to offer ICOs as the sale of coins & tokens and to raise funds. In 2017, the initial coin offerings have raised more than USD 2 billion with over 250 ICOs across the globe. This token can be subsequently traded on the cryptocurrency exchanges. It provides an early access to the potential blockchain protocols and applications. This is encouraging the investors to invest in ICOs.

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The smart contract is also one of the prominent applications of the blockchain market and is estimated to grow at a CAGR of over 80% during the forecast period. Smart contract assists organizations and individuals conduct transactions of property, money, and shares in a conflict-free and transparent manner, eliminating the services of middlemen. It offers parties involved in the agreement with autonomy, safety, backup, speed, and accuracy. The smart contracts can be implemented on distributed ledger or non-distributed ledger systems. Blockchains are a form to distributed ledger systems, which make it impossible for a single party or a group to reverse the transaction once recorded in the database, eliminating the need for intermediaries to authenticate and settle transactions.

The government sector is anticipated to grow significantly during the forecast period with a CAGR of more than 85% during the forecast timeline. The blockchain market growth is driven by numerous benefits offered by the technology. The blockchain offers three value propositions for enterprises, recordkeeping, value transfer, and smart contracts. It provides a unique & non-corruptible record management system that tracks and validates changes. It can also reduce the number of intermediaries and increase the trust between the transacting parties, increasing the efficiency and reducing the time& cost to process.

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The Asia Pacific blockchain market is estimated to attain a noteworthy growth with a CAGR of over 87% during the forecast timeline. The market is driven by increasing investments in the blockchain technology by venture capitalists. The government initiatives and policies are also augmenting the demand for the blockchain technology in the region. Furthermore, increasing number of the blockchain start-ups and ICOs in the region also propels the blockchain market share.

The key vendors of the blockchain market are IBM, SAP, Ripple, R3, Microsoft, Abra, Alphapoint, Amazon Web Services, Asta Solutions, Bacoor, Bitfury, BitSE, Blocko, Blockstream, Bloq, BTL Group, Chain, Coinbase, Digiledg, Digital Asset Holding, and Earthport. The market is characterized to be highly fragmented due to the presence of both multinational companies and regional start-ups. The players are leveraging on the partnership and collaboration strategies to expand their product portfolio and increase their customer base. For instance, in 2016, the Chain, Inc. collaborated with the Visa, Inc., a global payment platform provider, to develop blockchain based cross-border payment solutions for the enterprises. Similarly, Peer Ledger partnered with SAFE- BioPharma association to develop the blockchain based solutions to enhance the health transaction security and protect the patient’s identity using the identity bridge product.

Blockchain market research report includes an in-depth coverage of the industry with estimates & forecast revenue in USD from 2016 to 2024, for the following segments:

Blockchain Market, By Providers

  • Infrastructure providers
  • Application providers
  • Operators

Blockchain Market, By Deployment

  • Smart contract
  • Payment & wallet
  • Digital identity
  • Documentation
  • Exchanges
  • Compliance & risk management

Blockchain Market, By Technology

  • BFSI
  • Government
  • Healthcare
  • IT service
  • Media & entertainment
  • Transportation & logistics

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Switzerland
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Israel
    • UAE
    • South Africa

Browse key industry insights spread across 180 pages with 132 market data tables & 39 figures & charts from the report, Blockchain Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/blockchain-technology-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
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Blog:http://technologymagazine.org/
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Automotive Cybersecurity Market to reach $837.1mn by 2024

​The technology research report “Automotive Cybersecurity Market Size By Security (Hardware Security, Software Security, Network Security, Cloud Security), By Type (Passenger/Consumer Vehicles, Commercial), By Application (On-board Diagnostic [OBD], Communication, Safety Systems, Infotainment, Telematics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Sweden, Norway, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Automotive Cybersecurity Market to exceed USD 837 million by 2024; driven by increasing requirement for cybersecurity in connected cars.

Improvements in the standard of living and increased disposable income have caused a shift toward the adoption of advanced vehicles offering various benefits such as in-car infotainment systems, navigation, and telematics. As these systems have become increasingly complex, they are more vulnerable to cyberattacks, contributing to the automotive cybersecurity attacks. The government agencies are also partnering with software providers for telematics cybersecurity solutions driving the automotive cybersecurity market growth. For instance., in May 2018, the Department of Homeland Security Science and Technology Directorate (DHS S&T) partnered with Volpe National Transportation Systems a part of Department of Transportation (DOT), to build a cybersecurity implementation and operational network for telematics systems in various federal vehicles.

The automotive cybersecurity market is benefiting from the investments made by the leading investors, who support automotive firms. These funds are used by the companies to scale up their cybersecurity profile, fighting against the rising cyberattacks. For instance, in April 2018, Denso an international American firm invested USD 2 million in Dellfer, an automotive cybersecurity company. The company plans to use the funding to enhance its operations in the cyber protection of automobiles.

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Cloud security is the fastest growing segment in the automotive cybersecurity market and it is projected that by 2024, approximately 30% of the vehicles globally will be deployed with cybersecurity cloud services. They examine and manage the fleets of vehicles through software such as management service, which enables them to assess the irregularities and identify unauthorized efforts to attack the connected vehicles. The automotive industry is making huge investments in the cloud technology to secure the automotive cloud environment. For instance, in May 2016, Ford invested USD 182.2 million in Pivotal to use its cloud-based technology in Ford’s auto and mobility services.

The software security segment in automotive cybersecurity market is projected to grow at a CAGR of 24.5% over the forecast period. The proliferation of ECUs in the automobiles has also increased the attack surface making vehicles easily accessible to attackers. There are a large number of ECUs with different capabilities in the automobiles, making them necessary to provide software security to these systems.

The commercial vehicle segment in automotive cybersecurity market is expected to grow at a CAGR of 34.5% over the forecast timeline as these vehicles play a major role in delivering the country’s goods and services and hence, protecting them from the rising cybercrime is a necessity. These vehicles also use relevant technologies to extend their connectivity and assist the businesses to enhance their working efficiency. It helps them in reducing fuel costs and increasing vehicular productivity boosting their demand.

The On-board Diagnostics (OBD) automotive cybersecurity market application segment is projected to grow at a CAGR of 31.7% over the forecast timeframe due to the rising advent of smartphones and enhanced miniaturization. The vehicle aftermarket manufacturers and startups attach these devices to the on-board diagnostic port present in the connected cars. As these OBD ports provide direct contact to the Controller Area Network (CAN) bus, it is necessary to protect these ports from cyber attackers. Furthermore, with the usage of these ports in various applications such as fleet management, consumer vehicle diagnostics, and mile-based insurance, the automobile providers should perform early security investigation of these devices to regulate their common vulnerabilities and control security risks.

The infotainment application is anticipated to reach an automotive cyber security market revenue of USD 83 million by 2024 as they deliver major benefits such as audio/ video calling, navigation, live music streaming, Bluetooth and USB connectivity, Wi-Fi, and in-car internet. These systems have access to more and more vehicle functions, making them more vulnerable to the cyberattacks. Various automobile firms are entering into strategic partnerships to secure their connected cars. For instance, in January 2018, Argus Cyber Security partnered with STMicroelectronics to upgrade the cybersecurity measures of connected vehicle technologies.

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North America dominates the automotive cybersecurity market due to the rising collaboration between the automotive manufacturers and software providers to enhance their connected car safety and security. For instance, in January 2018, Honeywell entered into a memorandum of understanding with LG Electronics to develop an automotive software and infrastructure to address the rising risk associated with the connected vehicle technology. Furthermore, the U.S. and Canada are the main contributors of new automobiles deployed with the latest technologies, driving the automotive cybersecurity market growth.

The Asia Pacific automotive cyber security market is projected to grow at a CAGR of 33.3% over the forecast period due to the increasing demand for connected vehicles in this region. Increasing investments to develop advanced in-car services and connectivity infrastructure are also driving the automotive cybersecurity market demand. Moreover, increasing research in the fields of malware detection and improved software in connected vehicles are also contributing to the growth.

Various companies operating in the software and automobile industries are entering into strategic partnerships and collaborations to develop advanced automobile solutions, showcasing tremendous growth opportunities in this sector. The prominent vendors present in the automotive cybersecurity market include Audi, General Motors, Ford, BT Security, Daimler Trucks, Arilou Technologies Ltd., Argus Cyber Security Ltd., BMW, Honda, Nissan, Cisco Systems, Inc, Tesla Motors, Lear Corporation, Continental AG, Karamba Security, Volvo Car Group, and Symantec Corporation.

The automotive cybersecurity market research report includes an in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2014 to 2024, for the following segments:

Automotive Cyber Security Market, By Security

  • Hardware Security
  • Software Security
  • Network Security
  • Cloud Security

Automotive Cyber Security Market, By Type

  • Passenger/Consumer Vehicle
  • Commercial Vehicle

Automotive Cyber Security Market, By Application

  • On-board Diagnostic (OBD)
  • Communication
  • Safety Systems
  • Infotainment
  • Telematics

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Sweden
    • Norway
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • GCC
    • South Africa

Browse key industry insights spread across 300 pages with 273 market data tables & 51 figures & charts from the report, Automotive Cybersecurity Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automotive-cybersecurity-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:http://technologymagazine.org/
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