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The push-to-talk over cellular market size was valued at $3.43 billion in 2019, and is projected to reach $6.95 billion by 2027, growing at a CAGR of 9.4% from 2020 to 2027. Push-to-talk over cellular is a set of devices and communication services. Also, it is a set of processes that include two-way communication technology with help of wireless devices.
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 It majorly includes push-to-talk voice service for smart phone communications and provides one-to-many and one-to-one voice communication services over a cellular network. The half-duplex Voice-over-IP (VoIP) technology over mobile networks is proliferating the push-to-talk over cellular services for using cellular access resources at its best. In addition, reliable communications services with high quality audio support is also expected to drive the push-to-talk over cellular market growth in the coming years.
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The intelligent virtual assistant market size was valued at $ 3,442 billion in 2019, and is projected to reach $ 44,255 million by 2027, growing at a CAGR of 37.7% from 2020 to 2027. Increase in demand for effective customer engagement by enterprises would lead to higher adoption of IVA solutions in these verticals in the near future. Currently, the intelligent virtual assistant market is majorly driven by the BFSI industry vertical, owing to its higher adoption and increasing IT investment. However, automotive & healthcare are the most lucrative vertical segments and are likely to maintain this trend during the forecast period.
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The cyber security market size was valued at $104.60 billion in 2017 and is projected to reach $258.99 billion by 2025, growing at a CAGR of 11.9% from 2018 to 2025. Cyber security also referred to as Information Technology (IT) security, emphasize on safeguarding computers, programs, networks, and data from unlicensed or spontaneous access. As cyber threats have gained importance, security solutions have progressed as well. Factors such as rise in malware and phishing threats, and growth in adoption of IoT and BYOD trend among organizations, are driving the cyber security industry growth.
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The global sports analytics market was valued at $425.76 million in 2018, and is projected to reach $6,376.45 million by 2026, growing at a CAGR of 40.40% from 2019 to 2026. Sports analytics is the method of applying data gathered from a team performance under various circumstances for improving the performance of the team and helping in better decision-making. It is the collection of historical statistics that when used appropriately can provide a viable advantage to an individual or to the team. The primary goal of sports analytics is to improve the player performance and maintain the fan-base of various big sports organizations and sports club.
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The global in-flight entertainment and connectivity market size was valued at $3,311 million in 2017, and is projected to reach $6,248 million by 2023, registering a CAGR of 11.2% from 2017 to 2023. In 2017, North America accounted for the highest share in the global market.
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Data center colocation market size is expected to garner $51.8 billion by 2020, registering a CAGR of 12.4% during the forecast period 2015-2020. Data center colocation market for energy sector would exhibit highest CAGR of 14.3% during the forecast period. Colocation hosting is a service that allows small and large enterprises to install their servers (or hire a server on rent) at a data center service provider’s location.
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At present, integration of IAM with the cloud is gaining pace owing to its low cost and enhanced security. Cloud IAM offers various services such as user provisioning, access management, multi-factor authentication, directory services, single sign-on (SSO), governance & compliance management and password management. Several organizations have adopted cloud IAM to improve customer engagement, acquisition, and retention. A well-designed cloud IAM system helps to prevent data security breach and thereby reduces the possible financial loss due to the same.
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At present, integration of IAM with the cloud is gaining pace owing to its low cost and enhanced security. Cloud IAM offers various services such as user provisioning, access management, multi-factor authentication, directory services, single sign-on (SSO), governance & compliance management and password management. Several organizations have adopted cloud IAM to improve customer engagement, acquisition, and retention. A well-designed cloud IAM system helps to prevent data security breach and thereby reduces the possible financial loss due to the same.
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The self-service BI market size was valued at $4.73 billion in 2018, and is projected to reach $14.19 billion by 2026, growing at a CAGR of 14.8% from 2019 to 2026. Rise in data-driven decision-making models among enterprises are thriving in the analytics market, which has proliferated the adoption of self-service BI platforms to gain insights without the need for technical guidance or dedicated team.
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aerospace robotics market
Aerospace Robotics Market is projected to grow $5,687 million by 2022, growing at a CAGR of 17.2%. The robotics technology is used in aerospace industry for variety of applications during the manufacturing of aircraft components including welding, drilling, painting, material handling, cutting, assembly automation, and fabrication of engines. The aerospace robotics market offers automation, precision, and accuracy in repetitive tasks done in the manufacturing procedure.
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Biometric Sensor Market is expected to reach $1,929 Million by 2025, growing at a CAGR of 12.6% from 2017 to 2025. Biometry refers to statistical analysis of the biological data, that is, analysis of physical and behavioral characteristics. Sensors generally calculate electrical capacity, light, pressure, speed, and temperature. These sensors are compact in design, therefore can be installed in devices conveniently. It is a breakthrough technology, which eradicates various security-related issues from different domains. They are specially designed units made to scan and analyze the vein patterns or the unique features in your fingertip, becoming the necessity in the modern world. The global biometric sensor industry is poised to witness significant growth during the forecast period owing to increase in the cyber-attacks and security threats. However, high investment for R&D is projected to hamper the growth of biometric sensor industry.
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Asia-Pacific Learning Management Systems
Learning management systems (LMS) are software applications/tools designed to develop, manage, and deliver learning & training modules and services to academic and corporate users through electronic media. The Asia-Pacific learning management systems market size is expected to generate $2,884 million by 2022, growing at a CAGR of 34.2%. The LMS market in Asia-Pacific is influenced by several drivers, restraints, and opportunities. Growth in adoption of e-learning and inclination towards “on-the-go learning practices” drive the LMS market. However, lack of e-learning infrastructure, and cultural barriers hinder the market growth. Numerous educational institutions in develop ping economies have been unsuccessful in adopting these technologies, owing to insufficient funds and lack of skilled workforce. However, economic progress in developing countries and improvement in educational facilities are expected to generate growth opportunities in the near future.
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Text Analytics Market
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Global Text Analytics Market is expected to garner $6.5 billion by 2020, registering a CAGR of 25.2% during the forecast period 2014-2020. It is an emerging technology that is very popular amongst various industries such as FMCG’s, BFSI, Telecom, Healthcare, etc. Text analytics software, provides companies with a means of understanding their customers better, helping them determine customer’s demands and purchasing patterns, by analyzing the data generated from various sources.
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Homeland Security Market
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The global homeland security market is expected to garner $418 billion by 2022, registering a CAGR of 5.9% from 2016 to 2022. Homeland security is a government initiative for protecting nations from natural and man-made calamities. Homeland security system increases the resilience of a nation against threats such as terrorism, illegal immigration, smuggling, natural disasters, cyber frauds, and others. The market is primarily driven by the government initiatives to prevent territorial and cross-border wars. However, high price of these products and lack of skilled workforce for operating these products and services are expected to restrict the growth of the homeland security. Moreover, growing need for information security in public and private sector organization including railways, energy, utilities, IT & telecommunication, military, and others is expected to create numerous opportunities for the homeland security market.
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Ground Support Equipment
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