ICT

Format: 2017-01-19
Format: 2017-01-19
December 07, 2016 | 67 Pages | SKU: IRTNTR11039

Overview of the global governance risk and compliance (GRC) platform market

Market research analysts at Technavio predict that the global governance risk and compliance platform market will grow steadily during the next four years and post a CAGR of more than 13% by 2021. This market research analysis identifies benefits such as the quick and easy deployment of GRC policies as one of the primary growth factors for this market. GRC policies include business and jurisdictional requirements that control the use of sensitive information. New business requirements, increasing costs, and regulatory demands result in constant policy changes, which demand the need to deploy policies quickly to enable organizations across the world make better business decisions. The cloud-based GRC solutions centralizes all GRC policies across various information sources including databases and data warehouses, email systems, and enterprise content management systems, which, in turn, creates a single policy engine. This will allow enterprises to update existing policies or enforce new ones without disrupting the regular business operations.

With the increased use of social media among customers, employees, and partners to communicate with organizations, enterprises will soon start incorporating social media content in their policy definition and enforcement. A number of vendors already offer automated solutions for social media data collection and help in selecting, executing, and monitoring social media tools. With organizations trying to digitize their businesses to remain competitive in the market, the emergence of social media governance will be one of the major trends that will gain traction in the


Outlook of the global computer-aided design (CAD) market in the electrical and electronics industry

According to Technavio’s market research analyst, the global computer-aided design (CAD) market for the electrical and electronics market will experience moderate growth and post a CAGR of over 8% by 2020. The growing demand for CAD from the semiconductor industry is a key factor responsible for the strong growth of this market during the forecast period. The semiconductor industry is one of the major contributors to the overall revenue of the CAD market. Factors such as the continuous decrease in the size of semiconductors and an increased scale of integration have compelled semiconductor manufacturing companies to use the available CAD technologies. Since these technologies help decrease the complexity and difficulties involved in the design of semiconductor chips, its demand among the end-users will increase substantially over the next few years.

The recent shift from the perpetual license model to the subscription model is a key trend that is also envisaged to aid in this market’s growth over the forecast period. It has been estimated that by the end of 2016, the global CAD market in the electrical and electronics industry will phase out the perpetual CAD licenses and shift toward periodic CAD subscription or licenses. The high ROI on subscription will encourage CAD vendors to reduce the sale of perpetual CAD licenses gradually. Another major reason for this shift is the benefits of the subscription model over the perpetual license model. The subscription model is simple and provides a better user experience for the customers.

Competitive landscape and key vendors

This market is highly competitive and is expected to witness the entry of numerous key vendors until


December 07, 2016 | 59 Pages | SKU: IRTNTR11052

Global outlook of the DM market in automotive industry

Technavio’s market research analysts predict the global DM market in automotive industry to grow steadily during the forecast period and post a CAGR of more than 8% by 2020. This industry research report identifies the benefits associated with the adoption of DM to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The adoption of DM will help automotive manufacturers smoothen the flow of product and plant information during different processes. Additionally, digital manufacturing also helps in the validation of robotics and automation programs and speed up the factory manufacturing process. Furthermore, the adoption of DM provides real-time access to product lifecycle data which eases the production process and also helps companies achieve high return of investment and develop products of superior quality.

The automotive industry is currently focusing on the production of intelligent vehicles that include completely digitized vehicles equipped with infotainment systems and major automotive manufacturers such as Tesla have started increasing their R&D investments towards the development of intelligent electric vehicles. This will increase complexities associated with the manufacturing processes and will demand the need for additional facilities such as testing simulations in driverless mode. As a result, vendors will start focusing on the development of digital manufacturing software with advanced


December 07, 2016 | 68 Pages | SKU: IRTNTR11053

Overview of the global M2M healthcare market

Market research analysts at Technavio predict that the global M2M healthcare market will grow steadily during the next four years and post an Impressive CAGR of more than 43% by 2020. This market research analysis identifies the increased demand for home telehealth as one of the primary growth factors for this market.  Due to the constantly increasing disorders and limited resources, hospitals are finding it extremely difficult to monitor multiple patients. This will lead to the adoption of smart healthcare products that in addition to helping physicians monitor patients from remote locations, reduce healthcare expenses as well. With the rising incidences of chronic disorders, the use of smart healthcare products will reduce the dependence on caregivers. Additionally, these smart devices help in self-assessment and provide useful insights to both patients and physicians. Such benefits will fuel the adoption of remote patient monitoring services, in turn, boosting the demand for M2M devices for healthcare.

This market research and analysis estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the next four years. The increased penetration of high-speed broadband networks in the region and increasing incidences of mental and chronic disorders, will fuel the demand for M2M in healthcare in the coming years. Furthermore, the increased awareness among consumers about smart healthcare products and the adoption of wireless local area network (WLAN) inside hospitals, will also aid in the


December 06, 2016 | 56 Pages | SKU: IRTNTR11035

Overview of the global hotel and hospitality management software market

The global hotel and hospitality management software market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The increasing need to reduce expenses and operational costs will spur the adoption of hotel and hospitality management software until the end of 2020. Various mid-to-small sized hotels are focusing on increasing the revenue by controlling their company expenses. In general, most hotels implement strategies and solutions to maintain operational efficiencies and customer engagement. As a result, less than 10% of their total budget is used for decision-making and implementation processes. For instance, many hotels rely on hotel and hospitality management software to implement process maintenance and ensure consumer engagement. This software reduces the dependency on manual processes and helps save costs for the management.

The emergence of SaaS-based hotel and hospitality management software will drive the growth prospects for the global hotel and hospitality management software for the next few years. One of the major factors that drive the demand for SaaS-based hotel and hospitality management software is its cost-effectiveness as the installation and maintenance of these solutions do not require any extra cost. In addition, many low-budget hotels and motels are increasingly adopting SaaS-based hotel and hospitality management software to enhance their guest's experience.

Competitive landscape and key vendors

Vendors in the market are focusing on developing management software products that can fulfill all the requirements of hotel owners. These vendors compete in terms of customer relationship and the way they address and meet expectations of their users. Also, it has been noted that some vendors are selling similar products with minor


December 05, 2016 | 63 Pages | SKU: IRTNTR11017

Overview of the global dental practice management software market

The global dental practice management software market is anticipated to grow at a steady rate and will post a CAGR of more than 10% during the forecast period. The increasing need for maximizing the chair time utilization will drive the growth prospects for the global dental practice management software market until the end of 2020. The optimum utilization of chair time by the dentists to treat more patients results in higher revenue and improved profits, where chair time refers to the amount of time a patient spends in the chair of a dentist. It has been noted that the well-organized use of chair time can raise revenue by more than 8% and profits by more than 25%. The factors that affect the optimal chair time include failure-to-attends, short notice cancellations, and unbooked chair time. However, the increasing adoption of dental practice management software will eliminate challenges from the dental practice business. For instance, features such as automated recall help to book an appointment efficiently. This feature automatically sends out reminder texts to patients regarding the next appointment and filters their replies to confirm the reservation. Once the booking is confirmed, the appointments are automatically updated, and the confirmation notice is sent to the patients. Furthermore, the increasing adoption of dental practice management software will also avoid routine calls to every patient, save time, and ensure efficient utilization of chair time by automating appointment booking.

In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. Some of the major factors that are responsible for the market’s growth include increased favorable demographic trends, consumption of sugary products, improvements in technology, and heightened consumer


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