Molded Case Circuit Breaker Market Size will Grow at a Lucrative CAGR through 2027

Expanding electric power distribution network is the key factor contributes the growth of global molded case circuit breaker (MCCB). Molded Case Circuit Breaker (MCCB) is a miniature circuit breaker used to protect an electrical circuit from short circuit and also to safely connecting and disconnecting loads from the electrical source.   Molded Case Circuit Breaker (MCCB) generally works based on the two elements: thermal element for overcurrent and magnetic element for short circuit release.

Molded case circuit breaker (MCCB) are manufactured in such a way that the end user will not have access to internal workings of the over-current protection device. Molded case circuit breaker (MCCB) comprises of five major components including operating mechanism, molded case, arc extinguishers, contacts, and trip components. Molded case circuit breakers (MCCB) are available from 32 amperes up to 3000 amperes, with various operating mechanisms such as thermal magnetic release, electronic release, and microprocessor release. Thermal magnetic, electronic release, and microprocessor release utilizes bimetals and electromagnetic assemblies, power electronic circuitry and microprocessors to provide overcurrent protection respectively

Molded Case Circuit Breaker (MCCB) Market: Market Dynamics

Molded-case circuit breakers are used to connecting and disconnecting low-voltage circuits and protect wiring by automatically isolating the  circuits when they’re overloaded or if a short-circuit occurs. Rising electricity consumption coupled with expanding power distribution network is the key factor contributes the growth of global molded case circuit breaker (MCCB) market. Continuous adoption to circuit barker power protection solutions by residential, industrial, commercial sector across various regions globally accelerates the growth of global molded case circuit breaker (MCCB) market. Growing importance to implement rigorous practices to minimize arc flash hazards in high voltage environments and expanding electrical safety compliance requirements in manufacturing and energy sector further fuels the growth of global molded case circuit breaker (MCCB) market. However high cost possibilities of delayed tripping since the operating characteristics of the breaker vary depending on the ambient temperature are the minor factors identified as restraints which may deter the progression of global molded case circuit breaker (MCCB) market.

Molded Case Circuit Breaker (MCCB) Market: Market Segmentation

The global molded case circuit breaker (MCCB) market is segmented on the basis of power range, end- user, and by region.

Molded Case Circuit Breaker (MCCB) Market: Segmentation on the basis of Power Range

  • 0–75A
  • 75–250A
  • 250–800A
  • Above 800A

Molded Case Circuit Breaker (MCCB) Market: Segmentation on the basis of End User

  • Residential
  • Commercial
  • Manufacturing
  • Power Generation, Transmission and Distribution
  • Government
  • Others

Molded Case Circuit Breaker (MCCB) Market: Regional Outlook

Among all regions, molded case circuit breaker (MCCB) market in North America is expected to dominate the market, due to stringent compliance requirements on electrical safety. Asia-Pacific is projected to be the fastest growing market due to rapid industrialization and expanding commercial and residential infrastructure.

Molded Case Circuit Breaker (MCCB) Market: Competition Landscape

Some of the prominent players in the globalmolded case circuit breaker(MCCB) marketincludes General Electric, Eaton, Mitsubishi Electric Corporation, Fuji Electric FA Components & Systems Co., Ltd, Schneider Electric, Siemens AG, Hitachi Industrial Equipment Systems Co.,Ltd., Rockwell Automation, Inc.( Allen-Bradley), and  Legrand

DC-DC Converter Market Size will Grow at a Robust Pace through 2027

Expanding number of DC powered decides is the key factor contributes the global DC-DC converter market. DC-DC Converter is a type of electronic circuit which converts digital current (DC) voltage level from a lower value to a higher value or vice versa based on the requirements. DC-DC power converter are used in vast variety of applications such as power supplies for power supplies for personal computers, office equipment, spacecraft power systems, laptop computers, personal computers, office equipment, spacecraft power systems, heavy trucks, buses, RV vehicles, ships, and  lighting systems and so on.

Generally there are two types of DC-DC converter – DC to DC converters with isolation and DC to DC converters without isolation. Some of the commonly used DC to DC converters with isolation includes cuk converter, fly back converter, forward converter, full bridge converter, half bridge converter and push-pull converter. Some of the commonly used DC to DC converters without isolation includes buck converter, boost converter, and buck-boost converter.

DC-DC Converter Market: Market Dynamics

DC-DC converters is the critical component of the power supply chain in data centres and telecommunication facilities, expanding information technology and telecommunication sector across regions globally is the prominent factor drives the growth of global DC-DC converter market. Increasing number of vehicles, rising focus on battery powered special purpose vehicles and increasing investment on developing battery powered cars & bikes, accelerates the growth of global DC-DC converter market. Expanding number of dc powered applications in manufacturing, healthcare, defence applications accelerates the growth of global DC-DC converter market. Also, increasing demand for DC-DC converters in space applications contributes the growth of global DC-DC converter market. Challenges related to reduce the power consumption during minimal load is identified as key technological challenges of the global DC-DC converter market.

DC-DC Converter Market: Market Segmentation

DC-DC converter market is segmented on the basis of product type, number of outputs, application and by region. On the basis of product type, the global DC-DC converter market is segmented into isolated and non-isolated. On the basis of, number of outputs, the global DC-DC converter market is segmented into single output and multi output. On the application, the global DC-DC converter market is segmented into Telecommunication, server and data storage, medical & healthcare, consumer electronics, aerospace & defence, manufacturing and others. Regionally, the DC-DC converter market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

DC-DC Converter Market: Regional Outlook

Among all regions, DC-DC converter market in North America is expected to dominate the market, due to increasing data storage and expanding IoT solutions. Asia-Pacific is projected to be the fastest growing DC-DC converter market, due to expanding telecommunication and transportation sector.

DC-DC Converter Market: Competitive Landscape

Some of the prominent venders in the global DC-DC converter market General Electric, Texas Instruments, Eaton, FDK Corporation, Cosel Co., Ltd., Ericsson, STMicroelectronics, TDK-Lambda Corporation, and Bel Fuse, Inc.

Innovations will Boost Business Cloud VoIP & UC Services Market Growth in the Foreseeable Future

Continuous adoption of cloud services by the government and business sector is the key factor contributes the growth of global business cloud VoIP & UC services market. Business cloud VoIP is a cloud-based voice over internet protocol (VoIP) technology which delivers voice and multimedia over Internet Protocol (IP) networks. Business cloud VoIP and UC is the convergence of cloud hosting and VoIP technology that allow next-generation calling features and integrated mobile access.

For example, Unified Communications (UC) solution utilizing Microsoft’s hosted messaging, and collaboration tools – such as Microsoft Office communications server, Microsoft Exchange, and Microsoft SharePoint, integrated with hosted voice over IP (VoIP) phone service helps improve fluidity of office collaboration and communication. Unified communication includes various components such as calling (voice, video), messaging (voice, video, email, instant messaging), conferencing (voice, web, and video), mobility, collaboration, and communication-enabled business processes (CEBP)

Business Cloud VoIP & UC Services Market: Market Dynamics

Business sector is rapidly migrating to cloud solutions, also rising interest in cloud-based communications solutions, and growing enterprise awareness on hosted VoIP solution coupled with rising importance for the collaborative work environment to enhance productivity, are the prominent factor contributes the growth of global business cloud VoIP & UC services market.

Additionally, growing preference from organizations across various industries to eliminate redundant infrastructure of the traditional communicant system, increase overall business productivity, and to reduce the costs of communications accelerates the growth of global business cloud VoIP & UC services market. Convergence of internet of things & unified communications, hybrid approach to hosted VoIP, and delivery of unified communications as a service (UCaaS) are some of the notable trends the global business cloud VoIP & UC services market. However, technological complexity to implement unified communication across the organization and challenges identifying the technologies, services, and features based on the specific business needs is identified as restraints likely to deter the progression of global business cloud VoIP & UC services market.

Business Cloud VoIP & UC Services Market: Segmentation

The global business cloud VoIP & UC services market is segmented on the basis of component, vertical, end-user type and by region

Business Cloud VoIP & UC Services Market: Segmentation on the basis of component

  • Software

  • Services

Business Cloud VoIP & UC Services Market: Segmentation on the basis of vertical

  • BFSI

  • Information Technology

  • Government

  • Healthcare

  • Retail

  • Energy & Utilities

  • Manufacturing

  • Others

Business Cloud VoIP & UC Services Market: Segmentation on the basis of End-user Type

  • Small & Medium Enterprises

  • Large Enterprise

Business Cloud VoIP & UC Services Market: Regional Outlook

Among all regions cloud VoIP & UC services market in North America is expected to dominate the market due to expanding SIP trunk infrastructure and high priority for communications-enabled business processes. In terms of revenue, Asia-Pacific is identified as the fastest growing cloud VoIP & UC services market, increasing demand for cost effective enterprise communication solutions and expanding mobile and remote workforce

Business Cloud VoIP & UC Services Market: Competition Landscape

Cisco, Verizon Enterprise, AT&T Inc., EarthLink, Inc., XO Communications, LLC, Evolve IP, LLC, Momentum Telecom, West Unified Communications Services Inc., New Horizon Communications, 8×8, Inc., and BroadSoft.

Legal Analytics Market Size will Grow at a Robust Pace through 2025

transparencymarketresearch_logo

Technology is revolutionizing the legal services industry. Legal analytics refers to the managing process of extracting knowledge from existing legal data to help in-house legal teams and decision-makers on certain legal matters. This is done by forecasting, legal strategy, comparative legal costs, process development, billing optimization, financial operations and resource management. Legal analytics involves data mining from data contained in documents related to case and docket entries.

This data is then accumulated to provide previously unknown insights into the behavior of the judges, lawyers, organizations such as courts law firm and parties involved. It also involves gaining insights from subjects of lawsuits such as patents and others that are part of the litigation ecosystem. Litigators use legal analytics to disclose trends and patterns in past lawsuits that notify about legal strategy which anticipate outcomes in ongoing cases. Legal analytics depends on progressive technologies such as natural language processing (NLP) and machine learning, to structure, analyze and obtain the required information from raw data present in case dockets and documents. Legal analytics involves statistical modelling and forecasting to reveal gainful information about the management, case handling and operations of legal department. Legal analytics solutions helps in assessing all the recordings, documents and other related files of particular case and old cases and patents similar to that in order to reveal the intended knowledge.

The legal situation, with its complex inputs and at times subjective outputs, may create difficulty to calculate and measure activities and provide results. Legal departments in cooperate sector operate across different regions, business lines and divisions, using non-consistent processes which is making data collection and value-added analysis difficult. Legal Analytics provide an economical way to perform complete legal research and strategize for a defense along with offense. While preparing for both can put a constraint on the amount of time and resources that can be dedicated to research. Therefore, legal analytics solutions are required to extract the knowledge and present it into argument able form. Legal Analytics provide an economical way to perform complete legal research and strategize for a defense along with offense. This puts a constraint on the amount of time and resources that can be dedicated to research. Analytics solution helps in risk assessment and informed decision making. Thus factors such as growing demand for automation in legal analytics to simplify the data-driven process and to make increase in revenue of law firms are anticipated to drive the market during the forecast period.

There is lack of acceptance and awareness about legal analytics solutions. Many small and medium size law businesses are unacquainted about legal analytics solutions and they are following traditional methodologies for efficient decision-making. Also, legacy law organizations are still adopting the traditional method of storing and dealing huge storehouse of data. Moreover, various law school organizations are unaware about the functioning and benefits of legal analytics solutions. Thus, organizations and law companies are need to be aware about legal analytics solutions. Thus lack of awareness is expected to restrain the market in near future.

Market for legal analytics can be segmented on the basis of component, case type, deployment model, end user and geography. On the basis of component, market is segmented into solution and services. On the basis of deployment model, the market has been divided into on-premises and on-demand, On the basis of case type, market is segmented into intellectual property management, antitrust management, commercial case management and others. On the basis of end user, the market is segmented into corporates, law firms and others. On the basis of geography, market is segmented into North America, Asia Pacific (APAC), Middle East & Africa (MEA), Europe and South America.

Key players for legal analytics are Wolters Kluwer, Thomson Reuters, Mind crest, Inc., Unitedlex Corporation, Argopoint LLC. , Lexisnexis, Premonition, CPA Global, Analytics Consulting LLC, The Bureau of National Affairs (BNA), Inc., International Business Machines (IBM) Corporation, Wipro Limited and Key Innovator.

Innovations will Boost Ambient Lighting Market Growth in the Foreseeable Future

persistencemarketresearch

Currently, ambient lighting is one of the most common type of lighting around the world. It is a light glow just enough to function without causing any harsh glare. In photography and cinematography segment, the ambient light is considered as “natural light” within a room. The use of ambient light can make the room’s lighting as natural and flat as possible. A significant advantage of using ambient light is that it is cheap to render which is useful for mobile applications where perhaps it is desirable to minimize the number of lights. The ambient lights can also be called as mood lights as it allows pupils to dilate slightly which helps in reducing the stress on the body.

Global Ambient Lighting Market: Market Dynamics

The rising number of infrastructural projects worldwide, ongoing technological advancements, increasing consumer preferences for better interior designing are some of the major driving factors for the growth of the market. The increasing awareness about energy-efficient lighting solutions is also driving the market in various regions.

However, the ambient lights are not ideal for working closely with things or to highlight things around the space making it one of the hindering factor for the growth of the market.

Global Ambient Lighting Market: Segmentation

Ambient lighting market can be segmented on the basis of the component, type and region. On the basis of application, the ambient lighting market is segmented into hardware, software, and services. On the basis of types the ambient lighting market is segmented into recessed lights, surface mount lights, strip fixture lights, down lights, suspended lights, and tracks lights. On the basis of end-users, the ambient lighting market is segmented into residential, hospitality and retail, healthcare, industrial and automotive. On the basis of region, the ambient lighting market is segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.

Global Ambient Lighting Market: Regional Trend

Asia Pacific is expected to hold the largest share regarding revenues, majorly driven by the increasing adoption of infrastructure-building activities in the countries like India, China, and Japan. Various governments in the region are also focusing on implementing stringent regulations and legislations pertaining to energy efficiency, which is further supporting the growth of the ambient lighting market in this region. North America is expected to be the second largest market in terms of revenue in the ambient lighting market over the next coming years.

Global Ambient Lighting Market: Competitive Landscape

Some of the prominent players in the Ambient lighting market include Phillips Lighting Holding B.V., General Electric Company, OSRAM Licht AG, Cree, Inc., and Acuity Brands, Inc., Bridgelux, Inc., Energy Focus, Inc., Toyoda Gosei Co., Ltd, TCP International Holdings Ltd. and Thorn Lighting.

Programming Language Market Size will Grow at a Robust Pace through 2025

Programming language is a kind of formal language that has a specified set of instructions which is used to produce different output. Programming language generally includes instruction for the computer in order to implement some specific algorithms. Rise in the adoption of cloud computing technologies is one of the primary driving factors of growth for the programming language market.

Cloud computing technology is gaining traction over the years owing to the ease of corporate training, which in turn is likely to deliver training to the learning crowd. Wider implementation of Learning Management Systems (LMS) has enabled employees and students to access the learning material as per their interest and convenience. Blending learning models along with online learning have spurred the growth in usage of cloud computing technologies. Rise in open source online educational resources may hamper the growth of the programming language market over the forecast period. Rise in preference for automation in work processes has led to the growth of the programming language market over the last few years. Escalation in the trend of online learning is expected to fuel the growth in demand for programming language over the forecast period. With the advent of new technologies such as artificial intelligence and machine learning tools, there has been an upsurge in the demand for programming language. A shift from hardware to software enabled technology is expected to fuel the growth of the programming language market over the forecast period. Unprecedented growth of data across various end-user industries is expected to spur the demand for programming language over the forecast period.

The programming language market has been bifurcated by product and end-user. By product, the market has been segmented into boot camp, online, and classroom. The classroom segment held the dominant share as it allows students to communicate on a personal basis with the instructor and learn advanced level programming such as R, SAS, and Python. By end-user, the programming language market has been segmented into academic and corporate. Corporate held the dominant share of the programming language market in 2016 and is likely to retain its position over the forecast period. The corporate sector involves training in-house as well as in training institutions. It facilitates a learning experience involving both online and offline activities for employees. There has been considerable investment for the development of data analytics in order to derive business insights from unstructured data.

Geographically, the programming language market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the dominant market share of the programming language market in 2016 and is likely to retain its dominance over the forecast period. Strong presence of numerous global vendors is likely to propel the demand for programming language in this region. Government initiatives to promote and incorporate the usage of programming language in the education system is predicted to drive the growth of the programming language market over the forecast period. Asia Pacific is expected to be one of the potential markets for programming language by the end of the forecast period owing to the widespread generation of data in this region. Implementation of cloud computing technologies along with the rapid penetration of global vendors in this region is expected to fuel the demand for programming language. Emerging technologies such as Big Data and Bring Your Own Device (BYOD) is likely to act as a key driving factor for the programing language market in this region. Incorporation of programming language in the working mechanism of IT infrastructure to facilitate automation of working procedures across organizations is a driving factor for this market in this region. Europe is expected to be one of the potential markets for the programming language market owing to data generation across various end-user industries such as BFSI and healthcare.

Major players in the programming language market are NIIT, Global Knowledge Training, Analytics Training Institute, NetCom Learning, Learning Tree International, Coursera, Bloc, ONLC Training Center, Lynda, Dev Bootcamp, edX, Firebrand Training, and Makers Academy, among others.

Government Support will Boost Protective Relay Market Size

Protective Relay Market: Introduction

A protective relay is a relay device, which is designed to trip a circuit breaker, whenever any fault is identified. A protective relay is an automatic gadget that can sense any abnormal condition such as faults of the electric circuit. Protective relay assists in disconnecting the identified faulty portion from rest of the circuit.

The emergence of the protective relay has increased significantly in past few years, owing to protect the operation of the electrical circuit. The relays device is registered to under-frequency, over-current, and over-voltage to reverse power flow, thus assist in eliminating the chances of major accidents. Apart from this, the device is also used to detect the epicenter of disturbance and alert the switching devices to discard the fault in the electric circuit.

Protective Relay Market: Drivers and Restraints

Escalating industrial development coupled with the increase in power production capacity worldwide is the major reason for the growth of protective relay market. Also, growing population paired with mounting per capita electricity consumption is anticipated to fuel the demand for protective relay market in the fourth coming years.

Raising population in UAE, China, Saudi Arabia, Japan, and India has aroused the demand for residential infrastructure and electricity consumption, therefore accelerating the demand for electricity in the nations mentioned above is the crucial attribute backing the demand for the protective relay market.

Also, the excessive demand for protective relays to shelter power transmission lines is anticipated to drive the market growth during the forecast period.

Global Protective Relay Market: Market Segmentation                                   

Global Protective Relay Market can be divided into four segments, based on Voltage Supply, Protective Mechanism, End-user, and Region.

Segmentation on the basis of Voltage Supply for Protective Relay Market:

The major segments of Protective Relay Market on the basis of the Voltage Supply include:

  • High Voltage
  • Medium Voltage
  • Low Voltage

 Segmentation on the basis of Protective Mechanism for Protective Relay Market:

The major segments of Protective Relay Market on the basis of the Protective Mechanism include:

  • Busbar
  • Feeder
  • Capacitor Bank
  • Transmission Line
  • Generator
  • Motor
  • Breaker
  • Transformer

Segmentation on the basis of End-user for Protective Relay Market:

The major segments of Protective Relay Market on the basis of End-user include:

  • Marine
  • Industries
    • Processing
    • Infrastructure
    • Manufacturing
  • Utilities
  • Renewables

Global Protective Relay Market: Regional Trend

Asia Pacific region is expected to be the largest and the fastest-growing market for protective relays. The increase in investment in renewable sector coupled with the modernization of grid infrastructure is the major factor driving the growth of Protective relay market in Asia-Pacific region.

Owing to increase in economic progress are spurring infrastructural development in Asia Pacific countries such as India & China, which is the other reason for the growth the protective relay market in the respective region. Further, various events such as Japan Summer Olympics 2020 may ensue in infrastructural development, which is anticipated to propel the growth of protective relay market.

Global Protective Relay Market: Competitive Landscape

Some of the prominent players in the Protective Relay Market include ABB Ltd, Siemens AG, Alstom SA, and General Electric. Other vendors in the associated with protective relay market include S&C Electric, Littelfuse, Rockwell Automation, Schneider Electric SA, Eaton Corporation Plc, Mitsubishi Electric Corporation, Honeywell International, Itron, SEL Inc., and NR Electric.

Innovations will Boost Magneto Resistive RAM Market Growth in the Foreseeable Future

Magneto Resistive RAM Market: Introduction

Magneto Resistive RAM is a process of storing data bits, by using magnetic charges as an alternative to the electrical charges, which is being used by dynamic RAM. The device is used to improve electronic products, and assist electronic product to store huge amount of data, ensures fast accessing speed while consuming less battery power than that of existing electronic memory.

Magneto Resistive RAM is the result of an amalgamation of advantages of both dynamic RAM and static RAM. Magneto Resistive RAM adopted density feature from DRAM and high reading and writing speed from SRAM.

Magneto Resistive RAM Market: Drivers and Restraints

The global Magneto Resistive RAM market is foreseen to witness huge incremental growth as a non-volatile solid state memory and is anticipated to replace other alternatives such as EEPROM, flash memory.

Increase in demand for wearable electronics is the major factor attributing to drive the demand for Magneto Resistive RAM in forth coming years. Also, continuous research and development in wearable consumer electronic is another factor spurring the market growth.

Owing to various physical characteristics such as easy operability in high temperature and can easily resist under high radiation are anticipated to increase the product application in aerospace and military sector.

Global Magneto Resistive RAM Market: Market Segmentation                   

Global Magneto Resistive RAM Market can be divided into three segments, based on Product Type, Application, and Region.

Segmentation on the basis of Product for Magneto Resistive RAM Market:

The major segments of Magneto Resistive RAM Market on the basis of the Product include:

  • (STT-MRAM)Spin-Transfer Torque MRAM
  • Toggle MRAM

 Segmentation on the basis of Application for Magneto Resistive RAM Market:

The major segments of Magneto Resistive RAM Market on the basis of the Application include:

  • Consumer Electronics
  • Automotive
  • Robotics
  • Aerospace & Defense
  • Enterprise Storage
  • Others

Global Magneto Resistive RAM Market: Regional Trend

The North American region is anticipated to capture largest market share regarding revenue owing to the presence of major players paired with the escalating research & development activities in North America region. Further, the imperative demand to cater emerging need of fast computing, enhancing scalability and lesser power consumption, is anticipated to fuel the demand for Magneto Resistive RAM.

The Asia Pacific region is anticipated to witness the fastest-growth rate, due to the developments and advancements, in data centers infrastructures, backed by the growing penetration of internet usage and cloud computing. Also, The Asia-Pacific countries such as China & India has increased in the number of memory manufacturers, due to ease availability of raw material and cheap labor.

Global Magneto Resistive RAM Market: Competitive Landscape

Some of the prominent players in the Magneto Resistive RAM market include Everspin Technologies Inc., Samsung Electronics Co. Ltd., NVE Corporation, Spin Transfer Technologies, Honeywell International Inc., Toshiba Corporation and Avalanche Technology Inc.

Credit Processing Solution Market Estimated to Reach (Revenues) by 2025

Credit Processing Solution Market: Introduction

The term credit is incorporated in almost every organisation while doing business to prevent on losing out their customers and sales. Considering business credit, availability of credit can maintain an organisation’s cash flow and hence can be crucial to a customer. From a business point of view, credit processing is a measure a business or an individual must undergo to become eligible for a loan or to pay for goods and services over a protracted period by assessing respective credit factors.

Credit processing solution, is functionally opulent, that empowers financial enterprises to transform their credit proposal management right from sourcing to on-board by functional inclusion of sourcing, assessment, decision making, and pre and post disbursement. Credit processing solution integrates financial services systems from the supply side as well as the demand side perspective. These systems include risk scoring tools, CRM, loan management, and collateral management, meeting expectations of all stakeholders involved in the process.

Credit processing solutions are beneficial as the market is changing rapidly right down to the ways of doing transactions by customers. Credit processing solutions give a competitive advantage and helps in delivering most value to the business by realizing potential of each transaction.

Credit Processing Solution Market: Drivers and Restraints

In Financial enterprises, for corporate lending there are too many variants for loan approval processes as each customer segment and their product line demands a customized approach. Here traditional business process models appear futile being one of the major driver for credit processing solutions market. Increased financial complexity and increased financial risks and frauds are also some drivers for the credit processing solution market. These solutions also assist end-users to do ad-hoc analysis of their financial transactions data, solving specific business problems at present and future.

Rising transaction volumes and its record keeping which leads to performance snag, reliability on legacy systems and management practices causing enterprises to overlook the benefits of such solutions, are some challenges in credit processing solutions market.

Credit Processing Solution Market: Segmentation

Credit processing solutions market is mainly segmented on the basis of platform, end-user vertical, end-user volume and geography. On the basis of platform, the credit processing solutions market is further segmented into In-store, Online and Mobile.

In the end user vertical it is categorized into BSFI, Government, Retail and E-commerce, Travel and hospitality, and others, while in the end user volume it is further segmented into high volume and low volume.

Region wise, Credit processing solutions market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.

Credit Processing Solution Market: Regional Overview

North America leads the Credit processing solutions market due to presence of large financial and enterprises in the countries such as USA and Canada. European credit processing solution market will see a good growth rate in the future along with Asia-pacific.

Credit Processing Solution Market: Key Players

Some of the prominent players in credit processing solution market are First Data Corporation., Square, Inc., Digital River, Inc., Leap Payments, Inc., 2Checkout.com, Inc., Wirecard AG and PayAnywhere LLC, among others.

Government Support will Boost Connected Enterprise Market Size

Connected Enterprise Market: Introduction

In today’s world of digital transformation and Internet of Things (IoT) smart manufacturing is widely adopted by means of connected devices to open new windows of visibility in business and operational processes. Connected enterprise is the convergence of plant-level and enterprise networks which helps to securely connect people, processes and technologies. This seamless connectivity by connected smart devices spurs new collaboration. In a connected enterprise business lines such as sales and customer support, supply chain, R&D, manufacturing, HR, Finance etc. are digitalized.

Connected enterprise help in potentially changing the way companies do business by exploring the power to connect traditional physical processes with cutting-edge IT to connect people, tools, processes, and platforms comprising infrastructure and applications to disrupt the business productivity with next-generation solutions. Due to this companies can use the power of data analytics to improve the efficiency of operations and cut down costs.

Connected Enterprise Market: Drivers and Restraints

Factors such as increasing need for automation and cloud computing in enterprises, rising adoption smart devices generating huge amount of data, growing technological advancements and Internet of Things (IoT) in industry processes are driving the growth of connected enterprise market.

However, lack of uniform Internet of Things (IoT) standards and lack of professional expertise are restraining the growth of connected enterprise market.

Connected Enterprise Market: Segmentation

The connected enterprise market can be segmented on the basis solution, component, application, end-user vertical, and region wise.

Segmentation on basis of solution for Connected Enterprise Market

On the basis of solution, it can be further segmented into:

  • Manufacturing execution system
  • Customer experience management
  • Business analytics
  • Application value management
  • Remote monitoring

Segmentation on the basis of component for Connected Enterprise Market

On the basis of component, it can be further segmented into:

  • Solution
  • Platform
  • Service

Segmentation on the basis of application for Connected Enterprise Market

On the basis of application, it is further segmented into:

  • Connectivity Management
  • Application enablement and development
  • Device Management

Segmentation on the basis of end-user vertical for Connected Enterprise Market

  • Manufacturing
  • BFSI
  • IT & telecom
  • Retail
  • Healthcare
  • Food & beverage
  • Others

Segmentation on the basis of region for Connected Enterprise Market

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Connected Enterprise Market: Regional Overview

North America emerges as the leader and will expect to dominate the connected enterprise market due to technological advancements in countries such as USA and Canada, increased penetration of Internet of Things. High adaptability of industrial automation in Europe region is resulting in considerable growth of connected enterprise market in this region. The connected enterprise market in APAC region is expected to grow at a significant pace due to presence of manufacturing, automation and retail enterprises.

Connected Enterprise Market: Competition Landscape

Key Agreements

In February 2017, Tata Motors and Microsoft India today entered into a strategic agreement to provide connected and personalized driving experiences for Indian customers. This collaboration will allow Tata Motors to leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence (AI), advanced machine learning, and the Internet of Things (IoT) capabilities on the global hyper-scale Azure cloud, which will help to create a highly personalized, smart and safer driving experience across the digital life of a vehicle owner.

Key Players

Microsoft Corporation, IBM Corporation, General Electric, Cisco Systems, Inc., Rockwell Automation, Inc., Bosch, Honeywell International, PTC, Accelerite and Verizon Communications, Inc. are some of the key players in connected enterprise market.