ICT

Format: 2017-02-21
Format: 2017-02-21
January 24, 2017 | 74 Pages | SKU: IRTNTR11697

Outlook of the global application management services (AMS) market

Technavio’s market research analyst predicts the global application management services (AMS) market to grow steadily at a CAGR of around 6% by 2021. One of the primary drivers for this market is the ability of MAS to focus on real-time decision-making. AMS monitors all running business and provides flexible, integrated, and real-time decision-making support for the top management of organizations. Additionally, they also improve responsiveness across an organization. AMS has the capability to integrate diverse elements of multinational environments such as language, currency, and accounting standards. As a result, these services provide better analysis and planning capabilities as well as enable comprehensive and integrated management of related businesses and corresponding data. Moreover, this integration enables the complete deployment of various kinds of decision-making support systems and project management functions. These advantages of AMS over traditional methods will propel the growth prospects for the global AMS market during the forecast period.

One of the latest trends gaining traction in this market is the increasing adoption of the ready-made solution. A rising number of organizations are opting for ready-made solutions for the maintenance of AMS. Ready-made solutions significantly reduce complexities in the deployment and management of AMS solutions. Further, these solutions have the option to be re-used, this reduces the cost for the launch of new products, making them a more economical and efficient option. Vendors are constantly trying to customize these products based on the industry requirements. For instance, HCL has a different portfolio for the front, middle, and back-end processes of different industries. It has also


January 20, 2017 | 75 Pages | SKU: IRTNTR11664

Overview of the global procurement software market

The global procurement software market is anticipated to grow at a steady rate and will post a CAGR of close to 9% during the forecast period. The rising need for the automation of procurement processes will drive the growth prospects for the global procurement software market in the forthcoming years. Some of the major functions of a procurement software include the automation of procurement activities such as invoice management systems, electronic requisitioning process, order management process, and other procurement related activities. It has been observed that the manual system used by organizations to manage procurement activities have incurred loss at various stages of the procurement process since it cannot match correct invoices that are generated for billing purposes. A major factor that has compelled organizations to shift towards automated systems from manual systems for invoice processing and eProcurement services is the constant occurrence of manual errors in the supply chain systems.

The emergence of eProcurement technology will drive the growth prospects for the global procurement software market until the end of 2021. Some of the functions carried out by eProcurement technology involve the implementation of end-to-end procurement cycle, development of contracts with suppliers, covering spending analysis, and purchasing products through internet information systems, ERP, and electronic data interchange. One of the major factors responsible for the growing demand for eProcurement technology from various organizations is its ability to reduce the time spent on procurement life cycles by around 40%.

Competitive landscape and key vendors

The global procurement software market is highly


January 19, 2017 | 72 Pages | SKU: IRTNTR11634

Overview of the global two-factor authentication (2FA) market

Technavio’s market research analyst predicts the global two-factor authentication (2FA) market to grow steadily at a CAGR of around 24% by 2021. One of the major drivers contributing to this market growth is the exponential rise in the volume of online transactions. An increasing number of consumers have started depending on internet for transactions. This has increased the frequency of cyber-attacks, especially on websites where online transactions are significantly high. Hackers target lucrative sectors that have a huge online customer base. To counter these cyber-attacks, organizations have started implementing authentication methods such hardware one-time passwords (OTP) tokens, software OTP tokens, e-mail, and phone-based authentication to make online transactions more secure. Moreover, the availability of 3G and 4G devices will further boost online transactions, leading to the increased adoption of 2FA.

One of the latest trends gaining traction in this market is the development of cloud-based 2FA. The high maintenance cost for hardware and software-based two-factor and three-factor authentication models, has created a demand for cloud-based 2FA solutions. Factors like pay-per-use, improved reliability and scalability, easy installation and upgrading, less dependency on internal IT personnel, and zero maintenance costs compel organizations to adopt cloud based 2FA solutions. It ensures secure access to networks and


January 19, 2017 | 79 Pages | SKU: IRTNTR11635

Overview of the global maritime VSAT market

The global maritime VSAT market is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The growing adoption of satellite communication to monitor oil and gas rigs will drive the growth prospects for the global maritime VSAT market in the forthcoming years. Also, to prevent financial loss associated with the leakage of oil and gas through pipelines, it is necessary to monitor the transportation of oil and gas constantly. Supervisory control and data acquisition (SCADA) is a system, which is used for remote surveillance, monitoring, and maintenance of these pipelines. In addition, on-field monitoring processes include the measuring of flow speed, pressure, and temperature using the instrumentation units such as the transmitters, data gathering units, and communication units such as VSAT earth stations. These instrumentation units are deployed along with pipelines at specific locations such as delivery stations, pump stations, compressor stations, and block valve stations. Furthermore, the remote VSAT stations located in the pipelines uses satellite communication to provide effective and constant surveillance by transferring the data to the central SCADA control room. Moreover, the same satellite communication technology is used to monitor oil and gas rigs. Some of the major factors responsible for the growing demand for these systems is its easy installation, inexpensiveness, and effectiveness in maintaining pipelines.

In terms


January 19, 2017 | 88 Pages | SKU: IRTNTR11637

Overview of the global computer-aided design (CAD) market

The global computer-aided design (CAD) market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The increasing number of adoption of cloud-based CAD in APAC will drive the growth prospects for the global CAD Market until the end of 2021. With the growing preferential shift from product lifecycle management (PLM) to cloud-based PLM software due to high costs associated with the adoption of PLM, the popularity of cloud-based PLM software is increasing in the market. For instance, the cloud-based PLM services provided by Wipro can deploy Teamcenter on the cloud through infrastructure as a service (IaaS) that reduces the upfront costs and total cost of ownership (TCO). Furthermore, some of the benefits provided by cloud-based solutions are the reliability, easy accessibility of data from any location, and data backup when data is lost from the company’s storage devices.

The increasing shift from 3D CAD to 4D CAD will drive the growth prospects for the global CAD Market in the forthcoming years. Some of the major factors responsible for the intensely competitive environment between the vendors is the absence of product differentiation, globalization, and the need to incorporate additional features and functionalities in their solutions that improve the customer experience. As a result, these vendors are coming


January 18, 2017 | 64 Pages | SKU: IRTNTR11620

Overview of the global clientless remote support software market

Technavio’s market research analyst predicts the global clientless remote support software market to grow steadily at a CAGR of above 15% by 2021. One of the primary drivers for this market is the rise of the internet of things (IoT) devices for exchanging data over the internet. IoT is a network of tangible and physical objects that are interconnected through technology, and can communicate among themselves to collect and exchange data. It connects hardware devices, embedded software, communication services, and IT services. IoT has led to the increased number of connected devices ranging from lighting and heating, ventilation, and air conditioning (HVAC) systems to wind turbines in the sea and weather monitoring stations at the Arctic. Smart machines can monitor and control various objects using microcontrollers via the Internet from a remote location with the help of IoT technology. With the ability to control multiple devices, clientless remote support software is expected to play a major role in enabling IoT devices during the forecast period.

One of the latest trends gaining traction in this market is the growing adoption of BYOD. Enterprise mobility has gained grounds in the corporate world in response to the preference of employees to use their smartphones, tablets, and portable computers at work. BYOD demands specific management and IT service delivery frameworks to guarantee electronically secure and productive work environments. The


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