ICT

Format: 2016-08-24
Format: 2016-08-24
August 24, 2016 | 67 Pages | SKU: IRTNTR9851

Overview of the global finite element analysis (FEA) market

Market research analysts at Technavio have predicted that the global FEA market will grow steadily at a CAGR of more than 13% by 2020. This market research analysis identifies the need for improved efficiency as one of the primary growth factors for this market. Since integrated software solutions substantially reduce the product development cycle time and increase efficiencies, there is an increasing demand for such software from end-users. It also enables engineers and stakeholders to participate in product development and improve the collective product design. Additionally, integrated software also improves the design optimization of complex and innovative products and facilitates faster marketing as it eliminates the need for multiple prototypes and product recall concerns. Since finite element analysis software can be integrated with several design and simulation software such as CAD, CAM, and CAE, there will be a considerable increase in their demand in the coming years.

Complexities in mesh generation during the pre-processing phase of FEA analysis is one of the existing challenges faced by companies. Designers have the need to develop a fine mesh that would help in the mathematical analysis. It also helps in understanding the real-time behavior of the material when subjected to specific stress and loads. FEA pre-processing costs approximately 43% of the overall investment and the availability of low-cost skilled workforce in APAC will induce customers to outsource their FEA pre-processing requirements to this region in the next few years.

Competitive landscape and key vendors

This global market appears to be fragmented due to the presence of several


August 24, 2016 | 57 Pages | SKU: IRTNTR9961

Overview of the global identity and access management (IAM) market

Technavio’s market research analyst predicts the global identity and access management (IAM) market to grow at a CAGR of around 13% between 2016 and 2020. IAM is the major contributor for the implementation of B2C and B2E applications, which will improve user experience and operational efficiencies. IAM solutions eliminate the misuse of data in organizations, which is one of the most crucial factors responsible for its widespread adoption by large- and medium-sized enterprises, as well as government organizations. IAM supports the growth of companies and helps them gain a competitive edge by addressing their security requirements, streamlining business processes, and improving operational efficiencies. IAM solutions can help small and medium enterprises (SMEs) as they offer a high level of security to critical business information, which has increased the adoption of secure SaaS IAM solutions by SMEs.  With the growing demand for the seamless integration of IAM solutions with other security solutions, the overall IAM market will witness huge growth in the coming years.

The Americas represents the largest market for IAM solutions, and occupied around 43% of with total market revenue in 2015. Much of the region’s growth comes from the US, which is the largest contributor to the market. The market in this region will grow significantly during the forecast period because of the availability of adequate infrastructure, the presence of several global financial institutions and large companies, stringent government regulations, high frequency of cyber attacks, and greater investments in technology among organizations in this region.

Competitive landscape and key vendors


August 23, 2016 | 56 Pages | SKU: IRTNTR9885

Overview of the global physical security market in the retail sector

Market research analysts at Technavio have predicted that the global physical security market in the retail sector will grow steadily at a CAGR of more than 6% by 2020. Retail shrinkage is the loss of a store's inventory and occurs due to several reasons such as employee theft, shoplifting, supply chain theft, and administrative errors. The recent years have witnessed a considerable increase in the level of retail shrinkage, and shoplifting has been identified as the biggest cause of retail shrinkage in most countries. This will induce retailers to adopt various strategies to approach losses from a wider perspective from all levels within the organization. Since physical security solutions such as EAS, intruder alarms, and surveillance systems help control the inflow and outflow of products and enable reduced retail shrinkage, there will be an increase in the demand for physical security systems in the coming years.

This market research identifies the emergence of thermal cameras as one of the major trends gaining traction in the market in the coming years. Thermal cameras use infrared radiation to capture images and are heat and water-resistant, which makes them ideal for monitoring large-scale or unique outdoor environments. Moreover, increased government grants for the purchase of efficient surveillance equipment will also increase the demand for thermal cameras as they are an excellent addition to complete physical security systems.

Competitive landscape and key vendors

This market is characterized by the presence of several large- and small-scale vendors who compete with each other to gain a


Overview of the global private and public cloud market in the financial services industry

Technavio’s market research analyst predicts the global private and public cloud market in the financial services industry to grow at a CAGR of around 13% during the forecast period. Financial firms are increasingly implementing cloud solutions for business analytics, CRM, portfolio management, providing decision-making support, and investment applications. These solutions help financial services firms to manage and analyze large volumes of data and stores it for future use. They also help develop long-term business plans and strategies, which has, in turn, accelerated the adoption of cloud services among global financial services such as De Nederlandsche Bank, Bankinter, and HSBC. Shifting documents and data into the cloud saves on the cost of hardware equipment and makes the workspace environment-friendly by reducing the use of hard copies, files, paper, and ink. With the growing focus on cost optimization and scaling computation among financial services firms, the market is anticipated to witness massive growth over the predicted period.

One of the latest trends gaining prominence in this market is the development of OpenStack, which is an open-source cloud-based computing technology. It includes a set of software tools that help manage and build cloud-computing platforms in the cloud. OpenStack is considered the future of cloud computing. Some major vendors reinforcing the technology include Cisco Systems, Rackspace, Dell, HPE, IBM, Oracle, Red Hat, and VMware. The adoption rate of OpenStack is high in the major financial enterprises, especially for core banking platforms. For instance, TD Bank has implemented


August 22, 2016 | 62 Pages | SKU: IRTNTR10074

Overview of the global electronic security market

Market research analysts at Technavio have predicted that the global electronic security market will grow steadily during the predicted period and will post a CAGR of more than 14% by 2020. Smart cities provide efficient transportation facilities, traffic management systems, smart grids, better healthcare facilities, and also adopt advanced technologies in the construction process. The constantly increasing urban population is attracting investments towards the development of smart cities, which will demand the adoption of electronic security systems due to their ability to provide faster, real-time data for better safety and security. Increasing investments towards the development of smart cities across the world especially in countries such as China, India, Saudi Arabia, and Qatar will provide for the demand for advanced electronic security solutions throughout the forecast period.

In terms of geographical regions, the Americas is estimated to dominate the market over the next four years. The constantly rising number of retail stores and facilities in the US due to the entry of several international retailers and the awareness to combat retail shrinkage will increase the installation of electronic security devices such as video surveillance systems and alarms and will also lead to the adoption of advanced inventory control tactics. This market research analysis estimates that this market in the Americas will post an impressive revenue of


August 19, 2016 | 72 Pages | SKU: IRTNTR10073

Outlook of the global data quality tools market

The market research analyst at Technavio predicts that the global data quality tools market will grow progressively and post an impressive CAGR of more than 14% by 2020. The increasing demand for data quality functions in big data is one of the significant factors driving market growth. The development of technologies like cloud computing, the Internet of Things, and social networking will increase the speed of data accumulations and application of big data services. By rapidly acquiring and analyzing of big data from various sources, researchers and decision-makers have realized that this massive amount of information has insights for better understanding of customer needs, improving the quality of service, and predicting and preventing risks. This will, in turn, lead to the adoption of data quality tools for the management of big data over the next four years.

During 2015, the market was dominated by the Americas, which accounted for approximately 43% of the total market shares. The improving enterprise-wide financial performance visibility providing perceptibility of the financial yield of their business, from the perspective of both the enterprise and business users, will lead to a rise in the adoption of data quality tools. Furthermore, the use of quality data to improve business decisions and fulfill business goals will help enterprises gain a competitive advantage in the market. BFSI and retail segments in America will have the highest adoption rate for data quality tools.

Competitive landscape and key vendors

The vendor landscape of


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