Published : May-2020
No. of Pages : 10
Sphera Solutions - Tech Innovator Profile
Filed in: Information Technology
Publisher : GlobalData
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Cybersecurity Insurance Market by Component (Solutions and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cyber Liability), Organization Size, End User (Technology & Insurance) and Region – Global Forecast to 2027“An increase in the number of security breaches and cyberattacks and stringent regulatory compliances is driving the growth of the global cybersecurity insurance market.”
The global cybersecurity insurance market size in the post-COVID-19 scenario is projected to grow from USD 11.9 billion in 2022 to USD 29.2 billion by 2027, at a CAGR of 19.6% during the forecast period. The presence of various key players in the ecosystem has led to competitive and diverse market. complex governance requirements and regulations in data security are expected to drive the adoption of the cybersecurity insurance market in the future. The awareness about security risks and potential losses due to threats has induced governments and organizations to increase the expenditure on cybersecurity. Enterprise...... |
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Industrial Communication Market by Offering (Component, Software and Services), Communication Protocol (Fieldbus, Industrial Ethernet and Wireless), Vertical (Automotive, Engineering/Fabrication) and Region – Global Forecast to 2027“The industrial communication market is projected to grow at a CAGR of 7.4% during 2022–2027”
The industrial communication market is expected to grow from USD 18.8 billion in 2022 and is projected to reach USD 26.8 billion by 2027; it is expected to grow at a CAGR of 7.4% during the forecast period. A factory system should be capable of offering faster response times, better efficiency, and greater reliability. To achieve these benefits, designers must select the best communication technology, navigate a multiprotocol environment, and cover a wide range of industrial equipment. Therefore, the need for scalable and interoperable protocols are driving industry initiatives to develop a newer set of communication products.The clients of the companies offering smart manufacturing produ...... |
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IoT Solutions and Services Market by Component (Solutions and Services), Organization Size, Deployment Mode, Focus Area (Smart Manufacturing, Smart Energy and Utilities, and Smart Retail) and Region – Global Forecast to 2027The IoT solutions and services market is projected to grow from USD 243.1 billion in 2022 to USD 575.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period. The IoT Solutions and Services market is expected to grow at a rapid pace due to the evolution of new technologies, and adoption and scaling of digital initiatives.
The internet of things (IoT) is defined as an extension of the internet and other network connections to various sensors and devices or "things," allowing even simple objects such as lightbulbs, locks, and vents to have more processing and analytical capabilities. One of the important elements of the IoT that contributes to its growing popularity is interoperability. Connected or "smart" devices, often known as "things" in the IoT...... |
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Wireless Testing Market by Offering (Equipment and Services), Technology (Bluetooth, 2G/3G, 4G/5G, Wi-Fi), Application (Consumer electronics, Automotive, IT & telecommunication, Medical devices, Aerospace & defense) & Region – Global Forecast to 2027Rsing advancements in wireless technology
Wireless testing market size is valued at USD 13.5 billion in 2022 and is anticipated to be USD 23.7 billion by 2027; growing at a CAGR of 11.9% from 2022 to 2027. The growing deployment of 5G network and adoption of IoT devices is expected to grow the market at an estimated rate.
The wireless computing industry is redesigning the ways in which individuals share information. Wireless technology and telecommunication are important technologies in business organizations today. The utilization of these technologies has enhanced business efficiency. For example, Wi-Fi offloading helps businesses by staying connected in areas and consuming less data wihich cellular networks struggle to reach. Network congestion was a big issue during the past deca...... |
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eDiscovery Market by Component (Solutions and Services), Deployment Type (Cloud and On-premises), Organization Size, Vertical (BFSI, IT & Telecom, Government & Public Sector, and Legal) and Region – Global Forecast to 2027The eDiscovery market is projected to grow from USD 11.2 Billion in 2022 to USD 17.1 Billion by 2027, at a compound annual growth rate (CAGR) of 8.7% during the forecast period.
eDiscovery market is rapidly gaining acceptance worldwide by enterprises and corporates. Training and consulting services include industry experts, domain experts, and security professionals to help organizations reduce risk, gain profile margins, and upgrade existing solutions in the eDiscovery market. Consulting services are delivered to address the unique requirements of the organization. The expert team can provide insights and suggestions to enhance the GRC programs of organizations.
The services segment is expected to grow at a higher CAGR during the forecast period
Support and maintenance services a...... |
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Enterprise Performance Management Market by Component, Application (Enterprise Planning & Budgeting, Reporting & Compliance), Business Function, Deployment Type, Organization Size, Vertical and Region – Global Forecast to 2027Increase in the adoption of cloud-based EPM software to support business functions
The global Enterprise Performance Management (EPM) Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period, to reach USD 8.3 billion by 2027 from USD 6.0 billion in 2022. EPM software has gradually developed from a mainframe system to the internet, web browser-based systems, and client-server. Currently, the demand for cloud-based solutions is significantly rising in the market, as the organizations are rapidly adopting cloud-based EPM. Cloud-based EPM solutions are facilitating the improved accessibility to more small and medium organizations as they do not require high-end infrastructure, thereby reducing the cost of deployment the cloud-based EPM softw...... |
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Drone Software Market by Solution (Application, System), Platform (Defense & Government, Commercial, Consumer) Architecture (Open Source, Closed Source), Deployment (Onboard Drone, Ground-Based, Region – Global Forecast to 2027The drone software market is projected to grow from USD 5.1Billion in 2022 to USD 11.2Billion by 2027, at a CAGR of 17.1% from 2022 to 2030. Increasing private investments in drones and Increasing use of drones for automated remote infrastructure inspection are some of the factors fueling the growth of the market.
According to primary respondents, the impact of COVID-19 is positive on the drone software market due to an increase in experimental flights with delivery drones across various countries and the realization of the significant potential of drone technology by various industrial sectors..
Based on architecture, the open source segment is projected to lead the drone software market during the forecast period.
Drone software can be open source or closed source based on its a...... |
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RPA and Hyperautomation Market by Component (Solution, Services), Business Function (IT, Operations & Supply Chain, and HR), Deployment Mode (Cloud, On-premises), Vertical (BFSI, IT & Telecom, and Manufacturing) and Region – Global Forecast to 2027The global RPA and Hyperautomation market size is to grow from USD 9.2 billion in 2022 to USD 26.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period. Robotic Process Automation (RPA) and hyperautomation were rising in digital transformation, with cost savings and rapid time to value through efficiency and scale (DX). Then came COVID-19, which threw digital transformation into disarray. For an extended period, executives were not prepared for an overnight transformation to 100 percent digital operations. Remote work, eCommerce, security, supply chain, and business processes and software were all vulnerable to crushing expectations, bottlenecks, and points of failure across the organization. Business continuity and stability became everyone's top pr...... |
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Extended Detection and Response Market by Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, Government, Retail and eCommerce) and Region – Global Forecast to 2027The evolving cyber threat-landscape and growing use of ML/ AI-powered XDR services to drive the XDR market growth
The XDR market size is projected to grow from USD 985 Million in 2022 to USD 2,358 Million by 2027, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. The growing scale of cyberattacks has heightened the need for XDR solutions as they offer better visibility into the cyber threat landscape. Some of the key trends and opportunities that drive the market growth are evolving cyber threat landscape; the need for real time monitoring, visibility, analysis, and response across security stacks; shift from the usage of EDR to XDR solutions; growing use of AI/ ML powered XDR solutions; and heightened adoption of manager XDR.
By organization size, the SMEs...... |
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Accounts Receivable Automation Market by Component (Solutions (Credit Evaluation & Management and Collections Management) and Services), Organization Size, Deployment Mode, Vertical and Region – Global Forecast to 2027“Need to improve efficiency and productivity of workforce to drive the growth of the accounts receivable automation market”
The global Accounts Receivable Automation market size to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. Accounts receivable automation eliminates the need for manual handling of accounts receivable processes, such as creating and sending invoices, tracking payments, resolving disputes, and maintaining customer records. Furthermore, it greatly reduces the time it takes to process paperwork and payments, freeing the employees to get more work done and improving operational efficiency. By taking human error out of the loop, accounts receivable automation improves data co...... |
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