Autonomous Vehicle ECU Market Size 2019 Trend, Growth, Analysis 2023
Autonomous Vehicle ECU Market Size
Autonomous Vehicle ECU Market Segmentation
On the basis of region, the market is segmented based on North America, Asia-Pacific, Europe, and Rest of the World. North America region is expected to dominate the market in the future due to increase in demand of advanced safety, convenience, and comfort systems in countries such as U.S., and Canada. Also, there has been an increase in the sales of vehicles in North America, which increased installation of autonomous vehicles ECU in the vehicles.
Autonomous Vehicle ECU Market Regional Analysis:
n the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. North America is expected to dominate the market during the forecast period. Increase in the sales of vehicles in North America and concerns regarding vehicle safety will drive them to hold the highest market share throughout the forecast period. In the future, government regulations within the North American countries are expected to become stricter, every year. This means that the manufacturers need to be aware about the regulatory requirements. The high adoption of vehicle ECU in this region is attributed to the high penetration of luxury vehicles with autonomous technologies.
The availability of advanced technologies related to autonomous vehicle ECU across regions has propelled the demand in the autonomous vehicle ECU market. Asia-Pacific is expected to be the second largest market during the forecast period due to an increase in the sales of premium vehicles, rise in GDP and increased purchasing power of users. The region is home to technologically advanced automotive markets such as China and Japan, and India. The advancement of automotive technologies will result in the growth of the market during the forecast period.
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Autonomous Vehicle ECU Key Players
The key players in autonomous vehicle ECU market are Continental AG (Germany), Hitachi, Ltd. (Japan), Intel Corporation (U.S.), Nvidia Corporation (U.S.), and Renesas Electronics Corporation (Japan). ZF Friedrichshafen AG (Germany), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Bosch (Germany), and Autoliv Inc. (Sweden) are among others.
Automotive Software Market Size, Trends, Growth Analysis 2019
Global Automotive Software Market is expected to witness exponential growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Automotive Software Market that contains the information from 2018 to 2023. The Global Automotive Software Market is expected to progress with the CAGR of ~20% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Software Market Information from 2018 to 2023″
Automotive Software Market Key Players:
The prominent players in the global Automotive Software Market include NXP Semiconductors (Netherlands), BlackBerry (Canada), Renesas Electronics Corporation (Japan), Elektrobit (Germany), NVIDIA Corporation (US), Microsoft Corporation (US), Airbiquity Inc. (US), Green Hills Software (US), Autonet Mobile, Inc. (USA), and Wind River Systems, Inc. (US).
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The Automotive Software is considered as an integral part of an automotive industry which plays a crucial role for exchanging the information between the source and user. To enhance vehicle efficiency, safety, and performance the software solution providers and automotive OEMs working together to develop functional hardware and software systems. The advancement in technology have made the automotive OEMs to incorporate with automotive software solution providers in order to offer great service to their consumers.
The rise in demand for autonomous vehicle and in build comfort facilities are set to drive the global Automotive Software market. The growing adoption of software solutions such as autopilot software, entertainment software, and communication software in passenger vehicles will further boost the growth of this market. The technological advancements in Automotive Software device and improving economies from developing regions such as Brazil, UAE, Africa, Argentina, and India are providing an opportunity for the expansion of this market in these regions.
Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global Automotive Software market is high maintenance cost due to growing complexity in the software architecture.
The global Automotive Software Market is estimated to witness ~20% CAGR during the period from 2018 to 2023.
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Automotive Software Market Segmentation:
The global Automotive Software Market is segmented on the basis of solutions, system, vehicle type, propulsion, and region. On the basis of solution, the market has been segmented into autopilot software, navigation software, entertainment software, and car safety software. On the basis of system, the market has been segmented into Adas & Safety Systems, Body Control & Comfort Systems, Powertrain Systems, Infotainment Systems, Communication System, and telematics system. On the basis of vehicle type, the market has been segmented into passenger car and commercial vehicle. On the basis of propulsion, the market has been segmented into ICE vehicle and electric vehicle.
The segmentation based on solution, the navigations software segment is projected to be dominant during the study period. This growth is attributed due to the growing adoption in passenger cars globally.
Automotive Software Market Report Overview:
Segmentation based on system, the communication system is witnessing to grow at fastest rate during the review period due the growing number of electronically operated systems and growing electric vehicle market. In addition, the growing demand for e-mile lifestyle especially from developed and developing regions are set to drive the growth of this segment.
On the basis of vehicle type, the passenger car segment is projected to hold the larger share in the Automotive Software market from 2018 to 2023. This growth is attributed due to growing uses of electronic content in passenger cars and increasing adoption of software solutions in electronics system such as powertrain, power steering, safety, and start stop system drives the growth of this segment.
Segmentation based on propulsion, the electric vehicle segment is projected to witness faster growth during the review period. This growth is attributed due to the growing investment by the automakers for the expansion of electric vehicle market across the globe and the use of software in electric vehicles for the high functionality operations.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global Automotive Software market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.
Global Electric Commercial Vehicle Market | Trends, Growth, Analysis 2019
Global Electric Commercial Vehicle Market is expected to witness significant growth during the forecast period
Market Research Future published a Half-Cooked Research Report Electric Commercial Vehicle Market that contains the information from 2018 to 2023. The Electric Commercial Vehicle market is expected to progress with the substantial CAGR from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Electric Commercial Vehicle Market Information from 2018 to 2023”
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Electric Commercial Vehicle Market Key Players:
The prominent players in the electric commercial vehicle market include Tesla (US), Nissan (Japan), BYD (China), Daimler (Germany), Proterra (US), LG Chem (South Korea), Zhongtong Bus Holding Co., Ltd (China) and Panasonic (Japan). Mitsubishi Electric (Japan), Toshiba (Japan), Ballard Power Systems (Canada), Delphi (US), ABB (Switzerland), Continental (Germany), Siemens(Germany) are among others.
Electric Commercial Vehicle Market Overview
Conventional gasoline fuels are causing severe environmental damages, manufacturers from the automotive sector are continuously working to reduce dependency on fossil fuels and produce more efficient environment friendly transportation system. Electric vehicles manufacturers are continually working to improve their drawbacks such as high cost, limited range, performance issues, long charge time, and a dearth of charging stations in order to compete with conventional vehicle manufacturers. Automotive giants like Tesla and Volvo are offering more affordable options to the consumer, altering public perception of commercial electric vehicles.
Rising incentive programs to encourage adoption of electric commercial vehicles, increasing awareness about the use of energy efficient transportation systems, and increasing demand from logistics industry to reduce the fuel expense are expected to drive the growth of commercial electric vehicle market. In Electric Commercial Vehicle Market Various research activities for developing various types of battery packs for EVs, which have high power storage capacity, require less charging time and increasing battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range are going on to provide the efficient alternative to conventional vehicle system. However, presence of very few supportive charging stations in underdeveloped and developing regions are expected to hamper the growth of commercial electric vehicle market during the forecast period.
The global Electric Commercial Vehicles is estimated to witness substantial CAGR during the period from 2018 to 2023.
Electric Commercial Vehicle Market Segmentation:
Electric commercial vehicle market is segmented on the basis of vehicle type, range, components, propulsion, and region. On the basis of vehicle type, the market has been segmented into bus, truck and others. Bus vehicle sub segment is estimated to register the highest market growth during the forecast period. Increasing mandates to reduce fossil fuel-based public transportation system and to replace them with electric buses are expected to drive the passenger car sub segment growth. Range segment is further classified as 0-150 miles, 151-250 miles, 251-500 miles and above 500 miles.
Above 500 miles sub segment is expected to register substantial growth rate during the forecast period, this growth is associated with the increased sale of electric bus. Component segment is divided as electric motor, EV Battery, hydrogen fuel cell and others. EV battery sub segment is expected to lead the component segment owing to its increasing requirement in electronic buses. Propulsion segment is further sub segmented as battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). BEV sub segment is expected to register highest growth rate during the forecast period. This growth is attributed to its wide range of application in several types of vehicles, decreasing battery prices and charging time.
Electric Commercial Vehicle Market Report Overview:
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the automotive regenerative braking system market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.
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Global Green Tires Market Size 2019, Trends
Global Green Tires Market: The passenger cars segment is projected to grow at a significant rate during the forecast period of 2018 to 2023.
The global green tires market has been segmented by raw material, vehicle type, application, and region.
Green Tires Market Competitive Landscape
Some of the key players in the global green tires market are Michelin (France), Lanxess (Germany), Evonik Industries AG (Germany), Bridgestone Americas Tire Operations, LLC (US), MRF (India), Apollo Tyres (India), the Goodyear Tire & Rubber Company (US), Hankook Tire (South Korea), Pirelli Tire North America LLC (US), PPG Industries, Inc. (US), Green Arc Tire Manufacturing Inc. (Canada), Giti Tire Pte Ltd (Singapore), Sailun Tires (Canada), Cooper Tire & Rubber Company (US), and Nexen Tire America Inc. (US).
Green Tires Market Segmentation:
On the basis of raw material, the global green tires market has been segmented into silica incorporated rubbers, butyl rubber, silica and silane incorporated rubber, silane incorporated rubber, recycled rubber, renewable raw materials, and others. The silica incorporated rubber segment held the largest market share in 2017 due to the wide use of the raw material by manufacturers. However, the demand for silica and silane-based green tires is likely to increase during the forecast period.
Based on vehicle type, the global green tires market has been divided into passenger cars, light-duty vehicles, heavy-duty vehicles, motorcycles, aircraft, non-road diesel equipment, and others. The passenger cars segment accounted for the largest share of the global green tires market in 2017. The large-scale production of passenger cars along with the wide acceptance of green tires.
Green TiresMRegional Analysis:
The global green tires market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The European market dominated the global green tires market in 2017, followed by the markets in North America and Asia-Pacific. The demand for green tires is expected to increase in the Middle East & Africa during the forecast period. Latin America held the smallest market share due to slow economic development in the region.
- Green tires manufacturers
- Traders and distributors of green tires
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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Increasing environmental awareness among consumers is a key driver for the growth of the global green tires market. Stringent regulations for vehicle emissions in developed regions such as North America and Europe are another major factor fueling product demand. Furthermore, rising per-capita income and a growing working population have led to increased automotive sales, especially in Asia-Pacific, driving the demand for green tires during the forecast period. However, technological restraints such as uncertainties regarding the choice of raw materials to be used and the all-season traction capabilities of green tires are expected to hamper the growth of the product market during the forecast period. Furthermore, a lack of awareness about green tires in emerging economies is also likely to hinder market growth.
Core HR Software Market Expected To Grow at 9% of CAGR Between 2018 – 2023
Core HR Software Market Highlights:
The global Core HR Software market is expected to grow at approx. USD 11 Billion by 2023, at 9% of CAGR between 2017 and 2023.
Core HR software is used to manage employee information which can be easily accessible through a centralized HR database. The HR database typically comprises of employee personal information, benefits enrollment and income tax withholding. Core HR software includes employee self-portal which allows them to edit and access their personal details and it can also be used for absence tracking of employees.
Rapid growth in the cloud and mobile deployment is one major factor leading to the growth of core HR software market. Another factor is the increasing automation in the field of HR driving the market share. This had led small and medium enterprises to automate the HR processes by rapidly adopting core HR software.
Enterprises are eagerly anticipating their business operations by increasing efficiency and simultaneously reducing functional costs. They are attempting to bridge a gap between workforce development and retention. Core HR is a cloud-based software which allows enterprises to align their human resource functionalities by enabling appropriate technology. The software monitors the back-end HR activities of an enterprise by recording administrative processes such as attendance, payroll, positions, self-service, and others. The adoption of this software results in efficient HR approaches by increasing global agility, simplified workforce management, increased staff productivity coupled with controlling labor cost, and reducing compliance risk.
The prominent players in the Core HR Software Market are-
Automatic Data Processing (US), Ceridian HCM Inc. (US), CoreHR (Ireland), Employwise (India), IBM Corporation (US), Oracle Corporation (US), Paychex Inc. (US), Paycom Software Inc. (US), Sap SE (Germany), and Workday Inc. (US)
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Core HR Software Market Segmentation:
Segmentation by component: software and service.
Segmentation by deployment: on-cloud and on-premise.
Segmentation by vertical: BFSI, healthcare, IT and telecommunications, retail, government, and others.
Segmentation by region: North America, Europe, Asia-Pacific, and the rest of the world
Geographically, the core HR software market is categorized into four regions namely North America, Europe, Asia-Pacific, and the rest of the world.
Increased cloud adoption in enterprises for core business functions is expected to be a factor encouraging the growth of the core HR software market in North America. Owing to this, the region is expected to dominate the market with the largest market share during the assessment period. The US, Canada, and Mexico are the leading countries in the region, owing to the adoption of cloud-based HR solutions in enterprises to conduct efficient HR practices.
Companies are adopting cloud-based systems and solutions for learning, recruiting, and various other HR applications. Adoption of cloud increases operational productivity, flexibility, document control, security, and competitiveness. Cloud technology facilitates easy access to switch vendors as the systems can be replaced, unlike the traditional systems which could be customized only by IT. Along with rapid growth in cloud, increasing mobile deployment has given rise to mobile apps such as WorkBright, Zenefits, Gusto, and others. These mobile apps enable the HR managers to track their employees anywhere and anytime. Hence, rapid group in cloud and mobile deployment is driving the growth of the core HR software market over the assessment period. However, small enterprises are reluctant to adopt core HR software owing to monetary and security concerns which is expected to hamper the growth of the market.
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July 2018, Ceridian HCM Inc., a global HCM technology company, launched Dayforce their cloud-based platform in UK. This platform provides users with functions such as combined and deep functionality which simplifies their work process and engages in smart operations.
January 2018, Paycom Software Inc., a provider of cloud-based HCM software, launched the re-designed features of their Employee Self-Service Technology which enhances the usability of its clients. The latest update includes enhancements in features such as “Quick Punch, Quick Action Button” which allows the employees to access and edit information on their dashboard. This allows its users to efficiently engage with their workforce.
Virtual Desktop Market Size, Share, Segmentation, Forecast To 2022
Virtual Desktop Market Overview:
The virtual desktop is an individual user’s interface with virtualized environment, where the virtualized desktop is stored in some remote server rather than locally. Desktop virtualization software separates the physical machine from the software and presents an isolated operating system for the users. Virtual desktop appliances include Microsoft virtual PC, VMware Workstation and parallels desktop for Mac. The benefits of it include cost saving, efficient use of resources and energy, improved data integrity because backup is centralized. It provides an ability to users to manage and control desktop from one centralized location.
The virtual desktop market is developing rigorously to overcome some of existing issues the industries face such as telecommunicating, support workplace mobility, streamline workplace communication, and enhance data security. The study indicates a need for cloud service implementation by the industries or by buying those services from the companies providing it. The restrains of the Virtual Desktop is the storage of a particular data of single user can be cost prohibitive. The VDI can also complicate software licensing and its distribution. VDI ‘s reliance on network connectivity can come up with another challenge. As users cannot access their virtual desktop without network and weak connection can hinder the desktop performance.
The prominent players in the Virtual Desktop Market are-
Citrix Inc. (U.S), Dell, Inc. (U.S), Microsoft Corp. (U.S), Red Hat Inc.(U.S), VMware, Inc. (U.S) ,HP , Inc.( U.S) , NComputing Co.Ltd ( U.S) , IBM Corp.(U.S), Google, Inc.(U.S), Mokafive (U.S).
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Virtual Desktop Market Segmentation:
- The virtual desktop market has been segmented on the basis of product type, virtual desktop infrastructure and Desktop – as- a – Service (DaaS).
- The VDI has been there for a long time and traditionally was the only way to operate the virtual desktop.
- Since VDI’s is centrally located and all the data storage has to be managed by the IT team.
- Whereas with DaaS all of the hardware operation is maintained by the provider and the user don’t have to worry about rackspace, hardware breakdown or maintenance.
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The regional analysis of virtual desktop market in Asia-Pacific, North America, Europe and Rest of the World is as follows. Rapid advancement in the IT technology led to the invention of virtual desktop. It gain popularity in the last few decades due to the growing competitive pressure among IT industries and thus reducing the operational cost of the industries. The leading region in virtual desktop technology is North America because of growing speed of Large Enterprise and startups. The Asia pacific region is expected to be the growing market in virtual desktop technologies.
Data Governance Market Size, Share, Global Trends, Analysis, Revenue by Forecast 2022
Data governance is a control system that validate that the data admittance by mechanised process encounters exact standards, for instance a business rule and data integrity restraints in the data model. The data governor procedures data quality observing against production data to communicate inaccuracies in data back to operational team members for remedial action. Data governance states to the general management of the accessibility, safety and, usability of the data active in an enterprise. Data governance is a set of practices that guarantees that important data assets are properly managed all over the enterprise. Data governance increases the confidence and consistency in the decision making within the organization, it also helps in maximizing the income generation potential of the data and minimizing the re work.
The demand for Data governance is witnessing exponential progress, primarily because nearly every technological domain necessitates well distributed managed services. The services being offered must fit seamlessly into the customer’s location. The requirement to meet the regulations & agreement has driven the market for the data governance, organizations needs to improve and endure the strategic risk management it has also powered the growth of the data governance solutions. The data governance requires the varying structure of regulatory policies and data address validation which are the major constraints of the data governance solution and services. The issues related to the quality is also the major restraining factor of the data governance.
The prominent players in the Data Governance Market are-
Alation Inc.(U.S.) ,Data3Sixty Inc.(U.S.) and Reltio Inc. (U.S.), Global Data Excellence (Switzerland), Magnitude Software, Inc.(U.S.), Informatica (U.S.), SAP SE(Germany), Alfresco Software Inc.(U.S.), International Business Machines(IBM)(U.S.), and Symantec Corporation(U.S.) among others.
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Data Governance Market Segmentation:
- The Global Data Governance market has been segmented on the basis of, Components, Function, deployment, Application Industry and geography. On the basis of Components, the Data Governance market is segmented as, Solution, Services, Support maintenance.
- Data Governance Segmented on the basis Function Operations & IT, Legal, Finance. Data Governance segmented on the basis of Deployment such as On Premise and On Cloud.
- On the basis of Organization Data Governance market is segmented by Applications Sales and Marketing, Product and process management, Risk Management and among others.
- On the basis of Industry Data Governance market segmented into IT and Telecom Retail, Financial Services, Healthcare, Government and among others. On the basis of geography, it has been segmented in North America, Europe, Asia pacific, and Rest of the World.
Industry/ Innovation/ Related News:
November, 2017 – Cachet Financial Solutions Inc., a provider of cloud-based remote deposit capture and mobile prepaid card solutions, has announced a corporate rebranding and name change to Digiliti Money Inc. The rebrand reflects the company’s digital agilityto innovate solutions that swiftly and seamlessly move money for financial institutions
Decemeber, 2016 – Capgemini, an IT consulting company acquired I-Gate to improve their customer database in North America. I Gate was a dominant player in providing business solutions in the U.S.
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North America is probable to grasp the major market share and lead the data governance market in the estimate period, due to huge investment in cloud-based solutions, initial adoption of developing technologies, and a huge number of players present in this region. The APAC market is expected to see exponential growth and is foreseeable to be the most promising region for the data governance market. This is attributable to the rising necessity to follow compliance and regulations being defined by regulatory bodies and organizations region. The operations & IT market dominated the Europe data governance market by function and would remain to be a leading market till the forecast period.
IOT Security Market Size, Analysis, Share, Growth and Trends by Forecast to 2022
Internet of things (IOT) has bring wide connectivity to the world through millions of things or devices. Smart television, smart refrigerator, smart cars, health monitors & wearable are some of the example of its vast connectivity applications. The increasing usage of software & data in enterprise assets and consumer driven gadgets is also increasing new cyber-attacks for the IOT device market thereby demanding for strong IOT security tools & services.
The major growth driver of IOT Security market is the high adoption of cloud based technology by organizations and government agencies. BFSI, healthcare, and manufacturing are increasingly shifting their traditional data storage methods towards cloud based data storage thereby required high security services.
The prominent players in the IOT Security Market are-
Some of the major players in Global IOT Security Market includes Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Verizon enterprise solutions (U.S.), Symantec AG (Germany), Infineon Technologies AG (Germany), Intel Corporation (U.S.), AT&T Inc. (U.S.), Gemalto NV (U.S.), General Electric (U.S.), Sophos Group PLC (UK), and others.
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IOT Security Market Segmentation:
- Global IOT Security Market can be segmented as follows:
- Segmentation by Type: Network security, application security, cloud security and others.
- Segmentation by End-Users: Retail, Manufacturing, Healthcare, Transportation, Energy & utilities, IT, BFSI and others
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North America is expected to dominate the IOT Security market during the forecast period 2016-2022. High adoption of IOT technologies and devices by manufacturing and IT sectors in the region has shown impressive growth in the past few years. The high involvement of technology also lead to threat for cyber-attacks for an organization, for this reason many companies are deploying smart sensors & other security devices.
The early adoption IOT security services by companies in the region is fuelling North America dominance in the IOT Security market. In Europe, the European commission is planning to implement new cyber security platforms to protect confidential data of government as well as of organization from IOT devices which is propelling the growth for IOT Security market in the region.
Furthermore, Asia-Pacific is expected to be the fastest growing IOT Security market during the forecast period 2016-2022. Due to increasing cyber-crime in the region the demand for IOT security services especially by SMEs is increasing thereby witnessing high growth of IOT services market in the region
Speech Analytics Market Global Size, Applications, Regional Analysis Forecast to 2022
Speech Analytics Market Snapshot
Market Research Future (MRFR) has revealed in its latest report that the valuation of global speech analytics market will reach USD 1.75 Bn growing at 23% CAGR from 2016 to 2022. The adoption of speech analytics technology for a decade has been unabating due to its proficiency in enabling enterprises to perform and control the tasks of management efficiently. The technology has been successful in finding ways to penetrate sectors such as banking, healthcare, insurance, retail, sales, etc.
The amplifying dependency on Business Process Outsourcing (BPO) has fueled the need for the embracement of speech analytics technology for obtaining optimum performance from people and ensuring customer satisfaction. The inclination towards a customer-centric business model insists on mining data for recording and acting on changing preferences of buyers which has catapulted the demand for speech analytics technology. The essential factors driving growth in the market are minimization of risk factors, excellent customer relationship management, better customer experience, identification of cost drivers, trend analysis, etc.
The prominent players in the Speech Analytics Market are-
Genesys Telecommunication Laboratories, Inc. (U.S.), NICE Systems Ltd. (Israel), HP Enterprise (U.S.), Calabridge, Inc. (U.S.), Castel communications LLC (U.S.), Verint Systems, Inc. (U.S.), Callminer, Inc. (U.S.), Avaya, Inc. (U.S.), Calabrio, Inc. (US), and, Aspect Software Inc. (U.S.).
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Speech Analytics Market Segmentation:
- The Global Speech Analytics Market has been segmented on the basis of type, deployment and organization size.
- Types include – Solutions such as analysis and query tools, dash boards and reporting tool, indexing and speech engine and Services among others.
- The deployment includes- cloud and on-premise. T
- he organization size includes- large enterprises and small & medium enterprises.
- The technology is used in several end-users sectors such as BFSI, entertainment, government, retail, IT& Telecom and healthcare among others.
Speech Analytics Market Regional Analysis:
By region, the speech analytics market has been segmented into Europe, Asia Pacific, North America, and, Rest of the World (RoW). North America market will account for the most significant share in the market throughout the assessment period. The concentration of major market players such as HP Enterprise, Genesys Telecommunication Laboratories, Inc., Callminer, Inc., Castel communications LLC, etc.
has accelerated the rate of market expansion in the region. The early adoption of the technology in this region has catalyzed the large-scale market penetration. Europe market will thrive due to increasing demand over the forecast period. Asia Pacific market will exhibit steepest growth curve due to the immense opportunities posed by the emerging economies such as China, India, Japan, etc. The growing economies with booming sectors such as healthcare, IT, BFSI, etc. are fueling the demand for speech analytics technology in the region. Furthermore, the increasing rate of technology adoption will accelerate the rate of demand generation in the market. The Rest of the World region will demonstrate growth due to increased demand.
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Some of the key players profiled by MRFR are Genesys Telecommunication Laboratories, Inc. (U.S.), NICE Systems Ltd. (Israel), HP Enterprise (U.S.), Calabridge, Inc. (U.S.), Castel communications LLC (U.S.), Verint Systems, Inc. (U.S.), Callminer, Inc. (U.S.), Avaya, Inc. (U.S.), Calabrio, Inc. (US), and, Aspect Software Inc. (U.S.). The competitive landscape of global speech analytics market represents robust competition with prominent players implementing strategies such as mergers & acquisitions, partnerships, agreements, etc. to gain a competitive edge over others. The investments in research & development activities, innovative production technologies, expansion of product portfolios are some of the tactics employed by key players that lead to market growth and expansion.