Automated Test Equipment Market Outlook On The Basis Of Product, Vertical, Region And Forecast to 2028: Grand View Research Inc.

San Francisco, 28 Nov 2023: The Report Automated Test Equipment Market Size, Share & Trends Analysis Report By Product (Non-memory, Memory, Discrete), By Vertical (Automotive, Aerospace & Defense, IT & Telecom), By Region, And Segment Forecasts, 2021 – 2028

The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market.

Miniaturization has spurred demand across various semiconductor manufacturing companies. Additionally, considerable technological advancements coupled with design complexity and the need for adequate testing is expected to positively impact the growth. Developments in semiconductor manufacturing processes along with expansion of wireless networks in developing nations is expected to provide significant growth opportunities for the global market.

The growth of ATE market is primarily driven by semiconductor manufacturing companies which focus on cost-effective testing. Semiconductor manufacturing companies no longer consider fabrication costs as a factor for profit margin in semiconductor chip manufacturing. Semiconductor companies focus on improving their fabrication technology and look for efficient ways of testing to reduce losses due to damages. Advancements in smartphones, tablets, and SoC-based products is creating demand for greater functionality in ATE. As connected devices get smaller, more powerful, and multifaceted; they face design, application, and fabrication challenges, increasing the product demand.

Increasing design complexities along with major technological inventions such as advanced Design for Test (DFT) and adaptive testing are some of the key factors driving the automatic test equipment market. Moreover, recent innovations in Internet of Things (IoT) devices, autonomous vehicles, along with significant changes in the defense and aerospace sectors have significantly transformed the market dynamics.

Non-memory automated test equipment product segment is expected to hold significant market share over the forecast period owing to the increasing number of microcontroller-based applications and demand of the automotive sector. Revenue from IT and telecommunications sector is projected to witness significant growth in the forthcoming years. Asia Pacific accounted for the largest market share in 2019 and is expected to register the fastest growth over the forecast period, owing to the rising number of semiconductor industries in the region. Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; and Teradyne Inc.

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Automated Test Equipment Market Report Highlights

• The growth of automated test equipment market is driven by the significant use of the test equipment in automotive and semiconductor industry
• In the product segment, Non-memory ATE held the largest market share in 2019 and is estimated to witness the second-fastest growth over the forecast period owing to the expansion of consumer electronics, growing number of microcontroller-based application, and other such factors
• In the vertical segment, IT and telecommunication is estimated to continue holding the largest market share in the forthcoming years, owing to the increased focus on effective communication
• The automotive segment is expected to witness considerable growth over the forecast period owing to the increasing integration of the electronic devices in the automobile industry
• North America is estimated to witness substantial growth over the forecast period owing to the high investment in aerospace and defense couple with technological innovations
• Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; Aeroflex Inc. (a subsidiary of Cobham plc); Astronics Corporation; Advantest Corporation; LTX-Credence Corporation (Xcerra Corporation); Teradyne Inc.; STAr Technologies Inc. (a subsidiary of Innotech Corporation); Tesec Corporation; Roos Instruments, Inc.; Marvin Test Solutions Inc.; and Danaher Corporation. Teradyne Inc.; LTX-Credence Corporation (Xcerra Corporation); and Advantest Corporation dominated majority of global market share

Automated Test Equipment Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 7.12 billion
Revenue forecast in 2028	USD 8.94 billion
Growth Rate	CAGR of 3.3% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 – 2019
Forecast period	2021 – 2028

List of Key Players of Automated Test Equipment Market

• Aemulus Holdings Bhd (“Aemulus”)
• Chroma ATE Inc.
• Aeroflex Inc. (a subsidiary of Cobham plc)
• Astronics Corporation
• Advantest Corporation
• LTX-Credence Corporation (Xcerra Corporation)
• Teradyne Inc.
• STAr Technologies Inc. (a subsidiary of Innotech Corporation)
• Tesec Corporation
• Roos Instruments, Inc.
• Marvin Test Solutions Inc.
• Danaher Corporation

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Asset Performance Management Market Focusing On The Basis Of Category, Deployment, Vertical, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 24 Nov 2023: The Report Asset Performance Management Market Size, Share & Trends Analysis Report By Category, By Deployment (On-premises, Hosted), By Vertical, By Region, And Segment Forecasts, 2023 – 2030

The global asset performance management market size is expected to reach USD 47.18 billion by 2030, registering a CAGR of 12.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The Asset Performance Management market has evolved during time in response to technological advancements and the changing needs of the incumbents in many end-use industries and sectors, particularly small and medium businesses.

The market for asset performance management is predicted to increase due to the growing usage of APM solutions to achieve operational excellence. Companies are becoming more capable of maximizing the use and upkeep of their operational assets, such as plants, equipment, and infrastructure. Heavy machinery, heavy equipment, turbine engines, power transformers, and other possessions are among the assets that firms adopting APM systems regularly monitor.

The market witnessed significant growth during the COVID-19 outbreak.  Growth in the adoption of the work-from-home model by organizations created the need for secure, scalable, reliable, and cost-effective off-premises and virtual technology services. Organizations from all sectors invested considerably in cloud computing solutions to facilitate their operations and engage clients and employees effortlessly. Thus, asset performance management provided several growth opportunities to marketers during the pandemic.

The asset performance management system includes various solutions such as asset strategy and risk management, predictive asset management, reliability-centered maintenance, and condition-based maintenance, among others. These have a high demand from end-use industries such as energy & utilities, mining & metal, oil & gas, and manufacturing. The manufacturing industry is expected to emerge as one of the prominent markets in terms of revenue during the forecast period. The APM systems, coupled with IIoT, and the increasing adoption of cloud solutions are expected to be crucial factors for the steady growth of the market. Moreover, cloud-based APM systems are enabling companies to manage their assets cost-effectively.

The energy & utilities industry segment holds the largest share owing to the high number of customers who are actively investing in APM systems to manage their assets. For instance, Tata Power, one of the largest power companies from India, is leveraging AVEVA Group plc.’s PRiSM Predictive Asset Analytics for equipment problems and early warning notifications. The APM system helped Tata Power to achieve improved reliability and performance of its critical assets. Additionally, the system contributed to control the maintenance costs by its predictive analysis.

Furthermore, the asset performance management market is highly competitive and fragmented, wherein few companies hold the maximum market share. Consistent dominance in the market by legacy companies can be attributed to investments in research and development of advanced cloud-based services, which has been one of the key factors driving their revenues. However, growth in the introduction of advanced cloud solutions and related offerings by start-ups is also creating significant traction in the global market.

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Asset Performance Management Market Report Highlights

• The asset performance management market is gaining traction owing to the rapid industrial shift towards digitization of monitoring and maintenance activities. The companies are actively investing in digital solutions to manage their assets
• The use of advanced processes and tools such as regression analysis, neural network analysis, Monte Carlo simulation, and so on in the APM systems is driving the growth of the predictive asset management segment
• The public cloud segment is expected to register significant growth during  the forecast period as it helps businesses in improving cost structures and setting up a control center to arrange, monitor, and coordinate various components of their businesses
• The manufacturing industry segment held a significant share of the market owing to the presence of many small and large manufacturing plants across the globe
• Asia Pacific is anticipated to register the highest growth rate during  the forecast period owing to the increasing popularity of social media, growing investments by tech giants in establishing IT infrastructures in this region, and the rising preference for e-commerce and m-commerce, particularly in emerging economies such as India, Indonesia, and Thailand

Asset Performance Management Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 21.37 billion
Revenue forecast in 2030	USD 47.18 billion
Growth rate	CAGR of 12.0%  from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Asset Performance Management Market

• ABB Ltd
• Aspen Technology, Ltd
• AVEVA Group plc
• Bentley Systems, Incorporated
• DNV GLAS
• GE Digital
• International Business Machines Corporation
• Rockwell Automation
• SAP SE
• SAS Institute, Inc.
• Siemens Energy 

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Data Catalog Market Segmented On The Basis Of Component, Metadata Management Tools Type, Deployment Mode, Data Consumer, Vertical, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 13 Nov 2023: The Report Data Catalog Market Size, Share & Trends Analysis Report By Component, By Metadata Management Tools Type, By Deployment Mode, By Data Consumer, By Vertical, By Region, And Segment Forecasts, 2023 – 2030

The global data catalog market size is expected to reach USD 3.86 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 23.2% from 2023 to 2030. In particular, data overload has an impact on enterprise data management. When data properties are intricately nested, it is challenging for stakeholders to capture an overview of the data, examine the metadata, and create a data catalog or business lexicon that can be used as a reference for all time. With the prevalence of hybrid cross-collaborating teams with dotted line connections within matrix organizations the data catalog share is anticipated to experience a noticeable growth during the forecast period. To effectively carry out duties, every team throughout the whole data lifecycle needs to thoroughly understand data outside of their local area of specialization. When data cataloging is carried out in this way, it is possible to follow the data lineage and determine how the data catalog is developing and changing at each stage of the data pipeline.

Businesses aim for data cataloging systems with the following essential characteristics. The data cataloging solution must automatically and dynamically sense data properties, types, and profiles. A data dictionary or business lexicon is also created using user input by various market-leading solutions. The best data categorization software can also convert numbers into understandable visualizations. In addition to simply displaying metadata, a strong data catalog solution can allow users to act on their knowledge.

For instance, Alation Data Catalog is significant in the data ecosystem. It is considered crucial by many businesses for expediting data-driven decision-making and maximizing return on investment (ROI) from data. The organization has made several substantial investments in improving and innovating as the complexity of the current data stack has increased, as further evidenced by the expansion of connectivity to new, cutting-edge tools and platforms. According to Alation’s November 2022 announcement, a Series E round led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures raised USD 123 million towards data catalog devepoment. Databricks Ventures, Hewlett Packard Enterprise, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Queensland Investment Corporation, Sapphire Ventures, Riverwood Capital, and Union Grove were among the investors.

Since the COVID-19 outbreak, there has been a huge surge in interest in and usage of various products that help businesses with data analytics. The demand for solutions that improve work security and convenience has grown due to the global movement toward remote work and the desire for the cloud. In addition, corporations have encouraged many enterprises to adopt the work-from-home strategy due to the widespread COVID-19 sickness, fostering market expansion. A number of additional reasons, such as ongoing developments in the manufacturing and e-commerce industries and rising investments in intensive R&D efforts, fueling future market expansion. However, the need for industry-wide standards for data management and worries about data security and privacy in several sectors are limiting market expansion. Additionally, a rise in automation technologies and a surge in investment in AI-enabled data catalog solutions would open up sizable prospects in the data catalog market.

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Data Catalog Report Highlights

• Several data catalog software solutions have added intelligence to typical queries made on the data, dashboards, and machine learning models that rely on it by examining code instead of depending exclusively on people to enter it directly.
• With the growing use of SaaS applications across business processes, organizations are examining data from various sources, accelerated by the ease with which SaaS ETL solutions can integrate data from these apps into data warehouses or data lakes.
• Due to advancements in machine learning, data cataloging systems now include machine learning capabilities that provide useful context and recommendations in the workflow of analysts.
• Previous iterations of tools frequently appeared as entirely different systems, required specialized knowledge, or offered little more than rapidly out-of-date documentation. As a result, data catalogs have often failed to gain widespread popularity among consumers who could benefit most. With the newer generation of tools, such as SQL query interface, users can work where they already are.

Data Catalog Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 896.6 million
Revenue forecast in 2030	USD 3.86 billion
Growth rate	CAGR of 23.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players of Data Catalog Market

• Alation Inc.
• Apache Software Foundation
• Hitachi Vantara Corporation
• IBM Corporation
• Informatica Inc.
• Microsoft Corporation
• Oracle Corporation
• Precisely Inc.
• Talend Inc.
• Zaloni, Inc.

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Digital Asset Management Market Segmented On The Basis Of Type, Deployment, Enterprise Size, Application, End-Use, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 10 Nov 2023: The Report Digital Asset Management Market Size, Share & Trends Analysis Report By Type (Solution, Service), By Deployment (On-Premise, Cloud), By Application (Sales, Marketing, IT), By End-Use (BFSI, Retail, Healthcare), And Segment Forecasts, 2018 – 2025

The global digital asset management market size is expected to reach USD 5.60 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a healthy growth, ascribed to the increasing preference by organizations for rich media content for promoting brands and products. Further, the rising adoption of portable devices in enterprises has increased security requirements, thereby increasing the demand for digital asset management solutions.

The digital asset management market is also anticipated to be driven by the growing demand for digital marketing applications and solutions among enterprises for different purposes, such as asset analytics and lifecycle & rights management. Other significant factors driving the market growth are the increasing demand for integrated solutions and the rising usage of SaaS-based solutions.

The advantages of digital asset management solutions over conventional alternatives are expected to offer growth opportunities over the coming years. This includes migration from traditional marketing to real-time consumer-driven digital marketing strategies. Several organizations are adopting these solutions as they provide affordable solutions to share, manage, store, and retrieve data.

Access Research Report of Digital Asset Management  Market @ https://www.grandviewresearch.com/industry-analysis/digital-asset-management-market

Further key findings from the report suggest:

• The marketing segment accounted for the largest revenue share in 2015 and is expected to witness growth at a CAGR exceeding 12% over the forecast period, owing to the rising need for a collaborative digital workflow.
• Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 15% over the forecast period on account of increasing adoption of cloud technology and digitization among large enterprises and SMEs to improve employee productivity.
• Digital asset management services are used for ensuring the smooth functioning of solutions installed by organizations thereby leading to the service segment growth over the forecast period.
• Many vendors are moving from on-premise to cloud-based solutions that offer mobile accessibility and drag-and-drop functionality owing to which the segment is expected to witness high growth over the forecast period.
• SMEs account for the biggest target audience of DAM players currently, which is encouraging operating companies in customizing their solutions and meeting the specific demands of small players.
• The media & entertainment segment large depends on the smooth functioning and easy installation of DAM solutions, which helps save, manage, and recollect large volumes of digital data.
• The key purveyors comprise ADAM Software NV, Adobe Systems Incorporated, Celum, Cognizant Technology Solutions Corp., EMC Corporation, IBM Corporation, North Plains Systems, OpenText Corporation, Oracle Corporation, WebDAM, and Widen Enterprises. The companies emphasize on adopting the best practices for developing solutions to achieve a competitive advantage.

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Unified Threat Management Market Segment Analysis By Application, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 10 Nov 2023: The Report Unified Threat Management Market Size, Share & Trends Analysis Report By End Use (Telecom & IT, BFSI), By Component (Hardware, Virtual), By Enterprise Size (SME), By Service, By Deployment, And Segment Forecasts, 2019 – 2025

The global unified threat management market size is expected to reach USD 10.09 billion by 2025 at a CAGR of 14.5% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Unified threat management (UTM) solutions eliminate the need for enhanced technical support and require fewer updates and contracts to manage network. This helps the end users to increase IT staff productivity and minimize operational costs. Latest trends, such as Bring-Your-Own-Device (BYOD), web applications, and virtualization, have compelled enterprises to prepare for emerging security risks in their networks, in addition to the growing concerns of internal and external threats. Growing number of such threats is impelling enterprises to adopt UTM solutions.

Moreover, these solutions are cost-effective and also have the ability to perform application-aware network tracking, scanning, and control. In addition, the solutions are easy to install & maintain and require lesser human intervention, which leads to further reduction in operational costs. All these factors are expected to drive the UTM market over the forecast period. Moreover, these solutions have multiple functionalities that allow consumers to reduce energy consumption and space. These benefits are further expected to contribute to the market growth. The key companies in the UTM market are focusing on developing advanced solutions that are aligned with the requirements of end users.

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Further key findings from the study suggest:

• Virtual component segment is anticipated to register the highest CAGR of 15.2% from 2019 to 2025 due to increasing number of SMEs requiring virtual infrastructure to securely run a wide range of applications
• Managed UTM segment is anticipated to register significant growth over the forecast period as these solutions eliminate the need to buy multiple appliances for enterprises and offer complete network protection
• The cloud segment is projected to expand at the highest CAGR during the estimated period. It is the most preferred deployment method of UTM solutions as it allows users to remotely manage the appliance
• Large enterprise is projected to be the fastest-growing segment from 2019 to 2025 due to increasing adoption of UTM solutions, which are cost-effective and easy to install & maintain in large enterprises
• BFSI segment is expected to register a significant growth in future. High demand for remotely managing security system, owing to increasing number of online hacks and cyberattacks in banks, is expected to drive the segment
• North America is expected to continue to dominate the global UTM market over the forecast period owing to the presence of major companies in the region
• Prominent industry participants include Barracuda Networks, Inc.; Cisco Systems, Inc.; Check Point Software Technologies Ltd.; SonicWall; Fortinet, Inc.; Huawei Technologies Co., Ltd.; Untangle, Inc.; Juniper Networks, Inc.; Sophos Ltd.; and WatchGuard Technologies, Inc.

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Automotive Radar Market Focusing On The Basis Of Range, Frequency, Vehicle Type, Application, Region And Forecast 2025: Grand View Research Inc.

San Francisco, 9 Nov 2023: The Report Automotive Radar Market Size, Share & Trends Analysis Report By Range (Long Range, Medium & Short Range), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Application, By Frequency, By Region, And Segment Forecasts, 2018 – 2025

The global automotive radar market size is expected to reach USD 12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study conducted by Grand View Research, Inc. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking.

In order to achieve complete vehicle autonomy, it is essential for automakers to focus on the enhancement of the radar technology and subsequently on the reduction in the size of radar systems. One of the major hurdles hampering the growth of automotive radars is the lack of uniform frequency allocation across the globe. Moreover, the use of higher frequency band is likely to lead to higher resolution benefits and promote the use of a single technology for all applications, thereby reducing the risk of mutual interference. The European Commission has already initiated the 79 GHz project for vehicular radars, which has been the foundation for the future development of the automotive radar industry.

The market is characterized by the presence of prominent automotive electronics manufacturers including Continental AG, Robert Bosch GmbH, Infineon Technologies AG, and Texas Instruments, among others. Strong R&D capabilities have led to the development of application-oriented radars. Additionally, they have assisted radar manufacturers in complying with different frequency standards present in different countries.

According to the World Health Organization, globally 1.25 million people suffer from death due to road traffic crashes each year. Road accidents are likely to become the seventh leading cause of death by 2030 if appropriate measures to increase vehicle safety are not taken. Thus, the need to protect drivers and passengers from potential accidents would play an important role in determining the marke growth.

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Further key findings from the study suggest:

• Medium & short range radar is the fastest growing segment in terms of range, owing to their growing use in numerous applications, such as blind spot detection, lane change assist, and park assist, among others.
• In terms of vehicle types, the passenger car segment is projected to drive the market, owing to the rising radar-based safety systems in mid-priced passenger cars.
• Adaptive Cruise Control (ACC) is projected to hold the largest market size by 2025 owing to rising safety concerns among growing automotive markets such as India and China.
• Increasing efforts from the National Highway Traffic Safety Administration (NHTSA), the Insurance Institute for Highway Safety, and prominent automakers operating in the U.S. for mandating the installation of AEBs in all cars by 2022 are likely to boost the automotive radar market.
• The European region held the largest market size in 2016, which is attributed to the increased stringency in safety norms and NCAP rating.
• The Asia Pacific region is projected to grow at the highest CAGR owing to the rapid adoption of radar-based safety features and increasing vehicle production.

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Tractor Implements Market Segment Analysis By Product, Region And Forecast Till 2030

San Francisco, 6 Oct 2023: The Report Tractor Implements Market Size, Share & Trends Analysis Report By Product (Cultivator & Tiller, Harrows, Planters, Spreaders, Plough, Baler), By Region (North America, APAC, Europe), And Segment Forecasts, 2022 – 2030

The global tractor implements market size is expected to reach USD 43.50 billion by 2030, growing at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. The surge in the adoption of advanced technology in the agricultural sector and a rise in the average farmer’s income are expected to be the primary factors driving the industry. Furthermore, favorable government policies for the agricultural sector and financial support to encourage product purchase are factors anticipated to drive the global industry. Farm owners’ approach toward high crop yield and the availability of technologically advanced tractor implements that aid in increasing farm productivity are also anticipated to boost growth prospects for the global industry over the forecast period.

Several companies are investing in upcoming technologies, including robotics that separate crops from weeds, software that connects to farm equipment, and drones, which have increased the adoption of tractor implements among farmers. There are several other factors contributing to the industry including favorable climatic conditions for farming and government loan waiver schemes for farmers from all backgrounds. The COVID-19 outbreak in 2019 hampered the growth of the market. Social restrictions imposed during the pandemic by various governments led to the temporary shutdown of manufacturing sites, resulting in production and supply delays. The shortage in the raw material supply hampered the manufacturing companies in the industry.

For instance, in 2020, market leaders, such as AGCO Industries and Deere & Company showed a declining revenue due to the delays in farm equipment purchases. Both companies had increased revenue post-pandemic. There are still several challenges that the industry faces due to the high maintenance costs. It is critical to inspect tractor implements at various intervals to ensure accurate operations. In addition to checking for damaged switches, sharpening, lubricating, and other repairs required, tractor implements should be regularly inspected. Therefore, tractor implements have relatively high maintenance costs, which is expected to hamper industry growth. The industry is highly fragmented and characterized by strong competition. Key companies focus on various technological advancements, such as flying drones and agriculture robots, and are following apparatus manufacturing standards to maintain their position in the industry.

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Tractor Implements Market Report Highlights

• The harrow segment is estimated to grow at the second-fastest CAGR over the forecast period as these tools offer ease of doing chores and improve overall productivity
• Furthermore, increasing adoption of the optimum seedbed by farmers to cultivate various upland crops is expected to boost the demand for harrows
• In addition, several companies are introducing foldable harrows that are driving segment growth. For instance, in November 2021, Pottinger launched the Lion 1002 C power harrow designed for various tractors of up to 500 hp
• North America was the third-largest region in 2021 due to the high sales of various tractor implements on account of increased farm consolidation, large production bases, and government support
• Furthermore, the demand for sustainability by farmers in managing their operations leads to the adoption of efficient tractor implements
• The shortage of farm labor in the region is also expected to drive the market. For instance, according to a report published by the Canadian agriculture human resource council, the labor shortage is estimated to rise to 123,000 workers by 2029

Tractor Implements Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 29.38 billion
Revenue forecast in 2030	USD 43.50 billion
Growth rate	CAGR of 5.0 % from 2022 to 2030
Base year for estimation	2021
Historical data	2018 – 2020
Forecast period	2022 – 2030

List of Key Players of Tractor Implements Market

• Claas KGaA Mbh
• Deere & Company
• Kubota Corp.
• CNH Industrial N.V.
• Agco Corporation
• Tractors and Farm Equipment Limited (TAFE)
• SDF Group
• Mahindra & Mahindra
• J C Bamford Excavators Ltd. (JCB)
• Actuant
• Kuhn Group
• Alamo Group

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Network Automation Market Outlook On The Basis Of Component, Deployment, Infrastructure, Enterprise Size, Vertical, Region And Forecast To 2030

San Francisco, 7 Sep 2023: The Report Network Automation Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Deployment (On-Premise, Cloud), By Infrastructure, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 – 2030

The global network automation market size is anticipated to reach USD 15.60 billion by 2030, registering a CAGR of 22.9% over the forecast period, according to a new report by Grand View Research, Inc. Network automation encompasses the process of automating the management, and configuration, testing, operations, and deployment of virtual and physical devices involved in a network. It utilizes software to automate the network and provides management and security to maximize network functionality and efficiency.

It also enables prompt network operation units to integrate and configure application services and network infrastructure. Furthermore, the rising adoption of network automation-enabled services in several verticals, such as BFSI, IT, and Telecom, is contributing positively to the growth of the network automation industry. Network automation combines network function virtualization (NFV) and software-defined networking (SDN), enabling the configuration of networks to meet the organization’s requirements.

It also increases network uptime and stability. It also provides access to businesses and organizations to automate networks to meet specific requirements efficiently and cost-effectively, replacing command-line instructions for configuring network devices. Moreover, the utilization of advanced technological tools, such as artificial intelligence, machine learning, and big data, is propelling the growth of the market.

Network automation eliminates manual processes such as logging into switches, firewalls, routers, and load balancers to change configurations to manage the network. It also allows flexible and agile network operations that support business demands, reduce errors, improves efficiency, and lower operating expenses. Additionally, automation enables standardization of network processes management and allows operations units to reduce mean time to resolution and deliver services at scale.

An automated network platform enables ease in network testing, resource provision, and mapping, fueling network automation adoption. Network automation includes solutions such as network designing and planning, configuration compliance and verification, device testing, data analysis, security compliance, collection of network data, and deployment of physical & virtual devices and services. Moreover, the players in the market are launching advanced network automation solutions which use machine learning, big data, and other advanced technologies, which is expected to provide numerous growth opportunities for the market in the upcoming years.

The report covers the competitive analysis of the top ten players in the industry including Anuta Networks; BlueCat; Apstra; Juniper Networks; BMC Software; Entuity; Forward Networks; Fortinet, Inc.; IBM Corporation; Cisco Systems Inc.; Micro Focus; NetBrain, Riverbed; Solar Winds; Veriflow; and Vmware. The players are adopting several key strategies and development such as partnerships, product launches, collaborations, and mergers and acquisitions to obtain significant market shares. For instance, in November 2021, VMware, Inc. announced a collaboration with Vodafone Group to deliver orchestration and automation services through a single platform on its core networks across Europe.

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Network Automation Market Report Highlights

• The market is expected to witness a CAGR of 22.9% over the forecast period owing to the rise in the adoption of connected devices which results in the growing adoption of network automation solutions and services globally. Also, the increasing adoption of advanced network infrastructure, growing emphasis on the usage of automated solutions, the emerging hybrid workplaces has increased the adoption of network automation services among end-users during the COVID-19 pandemic
• Based on component, the solution segment accounted for the largest revenue share of over 69% in 2021 as the network automation solutions are extensively used in several verticals such as retail & e-commerce, BFSI, travel and hospitality, and healthcare. The adoption of network automation solutions by CSPs will accelerate the adoption of automated applications and services
• Based on deployment, the on-premises segment dominated the market in 2021 and is expected to witness a significant CAGR of 21.4% over the forecast period owing to the increased adoption of on-premises networking by large enterprises
• Based on infrastructure, the virtual network infrastructure is expected to witness the highest CAGR of 24.1% in the forecasted period owing to numerous benefits such as flexibility, backup and recovery, scalability, load balancing, and low total cost of ownership, offered by virtual network infrastructure
• Based on enterprise size, the large enterprises segment dominated in 2021 and is expected to witness a significant CAGR of 21.4% over the forecast period. Rising adoption of network automation, virtualization solutions, and services across large enterprises are expected to drive the segment’s growth
• Based on industry vertical, the information technology (IT) segment dominated the overall market with a revenue share of more than 24% in 2021 and is expected to witness a CAGR of 23.1% during the forecast period. The growth is attributed to the early adoption of network automation solutions and services by IT and telecom service providers
• North America dominated with the largest revenue share of more than 38% in 2021, owing to the rapid adoption of network automation solutions and services in the region. Furthermore, the rising demand for machine learning, big data, and deep learning algorithms enabling remote network equipment control is fuelling the growth

Network Automation Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 2.99 billion
Revenue forecast in 2030	USD 15.60 billion
Growth Rate	CAGR of 22.9% from 2022 to 2030
Base year for estimation	2021
Historical Year	2017 – 2020
Forecast period	2022 – 2030

List of Key Players in the Network Automation Market

• Anuta Networks
• Apstra
• BlueCat
• BMC Software
• Cisco Systems Inc
• Entuity
• Forward Networks
• Fortinet, Inc
• IBM Corporation
• Juniper Networks
• Micro Focus
• NetBrain
• Riverbed
• Solar Winds
• Veriflow
• Vmware

Access Press Release of Network Automation Market @ https://www.grandviewresearch.com/press-release/global-network-automation-market

Wearable Payments Devices Market Focusing On The Basis Of Device Type, Technology, Application, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 6 Sep 2023: The Report Wearable Payments Devices Market Size, Share & Trends Analysis Report By Device Type (Fitness Tracker, Smart Watches), By Technology, By Application, By Region, And Segment Forecasts, 2021 – 2028

The global wearable payments devices market size is expected to reach USD 80.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 29.8% from 2021 to 2028. Over time, payment systems have adapted to suit the needs of customers, such as increased convenience and reduced time while making payments. The growing popularity of contactless payment technology, coupled with the increasing adoption of wearable devices, such as smartwatches for contactless payments, is expected to fuel the market growth over the forecast period.

Wearables are gadgets or mobile phones that are worn by users to indirectly or directly interact with the device. Majorly used devices are smartwatches, fitness or health trackers, and wristbands. In terms of functionality, there are numerous wearables that are used in the commercial market, and the low entry barriers have enabled the high proliferation of payments devices.

Digitization in banks is expected to continue gaining traction over the forecast period as banks are now focusing on connecting card management systems with the token service providers. The increasing adoption of contactless payment models in the banking sector is further expected to drive the market. Furthermore, numerous players are focusing on creating reliable and secure wearable devices for consumer use, thereby creating growth opportunities for the market.

The COVID-19 pandemic is expected to positively impact market growth over the forecast period. The increasing adoption of cashless transactions in the time of the pandemic is expected to influence the adoption of wearable payments devices over the forecast period. Wearable devices offer users a convenient form of payment to make transactions through their stored payment credentials, thus enabling issuers to build brand loyalty among their users.

Access Research Report of Wearable Payments Devices Market @ https://www.grandviewresearch.com/industry-analysis/wearable-payments-devices-market

Wearable Payments Devices Market Report Highlights

• Market players are focusing on integrating Near Field Communication (NFC) wireless technology into their smartwatches, thereby creating opportunities for the use of smartwatches in contactless payments
• Based on technology, the contactless Point of Sale (POS) terminals segment is expected to emerge as the fastest-growing segment over the forecast period. These terminals have witnessed significant growth owing to benefits, such as low deployment cost, mobility, and ease of use
• By application, the retail segment is expected to maintain its lead over the forecast period. Wearable payment devices are widely adopted in retail applications as they offer a convenient mode of payment. Furthermore, the adoption of these devices by customers is opening innovative and new ways for retailers to improve customer experience
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The adoption rate of smartwatches in the region is expected to witness significant growth as major China-based companies, such as Huawei Technologies and HTC, are focusing on the production of smartwatches that are reasonable for the larger audience

Wearable Payments Devices Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 12.93 billion
Revenue forecast in 2028	USD 80.39 billion
Growth rate	CAGR of 29.8% from 2021 to 2028
Base year of estimation	2020
Historical data	2016 – 2019
Forecast period	2021 – 2028

List of Key Players of Wearable Payments Devices Market

• Apple, Inc.
• Barclays PLC
• Gemalto NV
• Google LLC
• Mastercard
• Nymi
• PayPal Holdings Inc.
• Samsung Electronics
• Visa Inc.
• Wirecard

Access Press Release of Wearable Payments Devices Market @ https://www.grandviewresearch.com/press-release/global-wearable-payments-devices-market

Enterprise Data Management Market Outlook On The Basis Of Component, Services, Deployment, Enterprise Size, End-Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 6 Sep 2023: The Report Enterprise Data Management Market Size, Share & Trends Analysis Report By End-use (BFSI, Healthcare), By Component (Software, Services), By Deployment, By Enterprise Size, By Services, By Region, And Segment Forecasts, 2023 – 2030

The global enterprise data management market size is anticipated to reach USD 221.58 billion by 2030, registering a CAGR of 12.1% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. An increased use of data quality tools for data management, a surge in cloud deployment for master data management, and rising need for compliance are key driving factors for the growth of the industry. Enterprise data management solutions help in ensuring that the data is highly secured and protected against data loss. Given the rising instances of data breaches, companies not being alert enough to safeguard their assets could be exposed to data threats and may end up with data breaches, tarnished reputations, and financial losses. These factors are driving the adoption of EDM solutions. These solutions help organizations in ensuring that all types of data are organized and easily accessible for future use.

EDM solutions aid in the creation of a structure for delivering actionable insights from unstructured or duplicated data. These solutions also aid in the management of data across departments and provide qualified information. Master data management solutions, on the other hand, consolidate data into a single master reference source to provide accurate, consistent, and complete data across the enterprise. Enterprises’ strong emphasis on ensuring timely qualified information is anticipated to drive the growth of the industry during the forecast period. Large enterprises with multiple departments that are constantly processing large amounts of data may end up with a jumbled data set if they fail to implement or choose the appropriate data management solutions. Furthermore, address data are missing key elements that cause issues with route optimization.

Difficulties with address structures and varying validation rules from country to country are proving to be significant issues. Address validation is a component of address data management. However, EDM solutions can aid in data management, data quality, and data address validation but are emerging as potential roadblocks to industry growth. The Asia Pacific region is expected to have significant growth from 2023 to 2030 due to the growing popularity of cloud computing and the rising need to improve operational efficiency in large enterprises and SMEs. The healthcare segment is anticipated to observe significant growth during the forecast period. EDM systems are widely used to plan energy supply and meet the continuous energy demand of hospitals without any interruption. It also helps in integrating and analyzing medical data to make patient care well-organized and extract insights that can give better results while protecting the privacy and security of the data

Access Research Report of Enterprise Data Management Market @ https://www.grandviewresearch.com/industry-analysis/enterprise-data-management-market

 Enterprise Data Management Market Report Highlights

• The software segment is anticipated to observe the fastest CAGR during the forecast period. The increasing adoption of EDM solutions, their flexible costs, and rising deployment among organizations are likely to contribute to the segment growth over the forecast period
• The professional services segment is anticipated to observe a considerable CAGR during the forecast period
• The segment growth can be attributed to the increasing adoption of EDM services for data storage and data management of customers
• Factors, such as secure storage, 24×7 uptime, and interoperability, have led professional services providers to focus on the digitalization of data
• The on-premise segment is anticipated to observe a steady CAGR during the forecast period
• Factors, such as flexibility and scalability of software customization, control over the data center, and security aspects, are expected to contribute to the segment growth over the forecast period
• The large enterprise segment accounted for the highest revenue share in 2022 due to the increased data volume coupled with the growing need to effectively access, manage, and adopt data approaches across the large enterprise segment

Enterprise Data Management Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 99.31 billion
Revenue forecast in 2030	USD 221.58 billion
Growth rate	CAGR of 12.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Enterprise Data Management Market

• International Business Machines Corp.
• Oracle Corp.
• SAP SE
• Cloudera, Inc.
• Amazon Web Services, Inc.
• Teradata
• MindTree Ltd.
• Broadcom (Symantec)
• Informatica
• Mind Focus

Access Press Release of Enterprise Data Management Market @ https://www.grandviewresearch.com/press-release/global-enterprise-data-management-market