Managed File Transfer (MFT) Software and Service Market – In-Depth Analysis & Forecast upto 2025

Persistence Market Research presents a revised forecast for the global Managed File Transfer (MFT) Software & Service market in a recent report titled “Managed File Transfer (MFT) Software & Service Market: Global Industry Analysis (2012 –  2016) and Forecast (2017 – 2025)” the global Managed File Transfer (MFT) Software & Service market was valued at US$ 1,032.8 Mn in 2016, and is expected to register a CAGR of 7.2% from 2017 to 2025. Increasing demand from the banking sector and increased spending on R&D are major factors driving revenue growth of the global Managed File Transfer (MFT) Software & Service market.

According to the report “Managed File Transfer (MFT) Software & Service market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” published in 2015 by FMI, revenue generated by the global Managed File Transfer (MFT) Software & Service market was estimated to reach US$ 1,157.2 Mn by 2015, witnessing an increase from US$ 1,092.1 Mn in 2014. The CAGR of the global Managed File Transfer (MFT) Software & Service market during the period 2015 -2025 was 6.0%.

Managed file transfer is a type of software that allows transfer of files inside the organization or between multiple organizations. This method is a fast, secure, reliable and transparent way of exchanging files with additional features such as tracking and monitoring. As a result, one can discover loss of data from a specific point and also receive acknowledgement after successful completion of the file transfer process. With the advent of digitalization, companies are becoming heavily dependent on successful transmission of digital files bearing critical information. Hence, this transmission should be secure, reliable and quick to run the business process smoothly in real time. Demand for efficient and effective file transfer has been increasing in the past few years. A similar trend is anticipated to continue during the next five to six years.

Segmental Forecast

Global Managed File Transfer (MFT) Software & Service market is categorized on the basis of software, services, industry and region. On the basis of software, the market is segmented as System- Centric File Transfer, People- Centric File Transfer and Extreme-File Transfer. System- Centric File Transfer segment is anticipated to register a CAGR of 8.1% during the forecast period.  The software segment is segmented into Implementation & Integration, Consulting and Maintenance. Consulting sub segment is anticipated to register a CAGR of 9.2% during the forecast period.

 

On the basis of industry, the market is segmented as BFSI, Media & Entertainment, Retail, Manufacturing, Telecommunication and Others. BFSI segment accounted for the highest market share of 37.0% in 2016. The Telecommunication segment accounted for a market share of 10.0% in 2016. The Telecommunication segment is expected to register a healthy CAGR of 9.5% during the forecast period.

This report covers the drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of the Managed File Transfer (MFT) Software & Service market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest market share in 2016 owing to Superiority over FTP. The Asia Pacific regional market is expected to register a healthy CAGR of 8.0% during the forecast period.

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Consumer Network Attached Storage Market foreseen to grow exponentially by 2020

The ineffectiveness of traditional storage solutions has paved way for adoption of advanced storage options, particularly to record crucial consumer-centric data. Handling greater volumes of data transference has also necessitated the need for enclosing such data storage systems within a network. As opposed to single computer storage, individuals, as well as entrepreneurs, are growing more inclined towards setting network attached storage (NAS) servers. Remote access to such servers becomes more convenient for consumers, especially when improving operational efficiency and minimizing storage costs is a must. Persistence Market Research’s recent study explores the opportunities for adoption of such consumer-based NAS systems, predicting that by the end of 2024, the global market for consumer network attached storage will be valued at US$ 4,088.7 Mn.

 

Apropos the report, titled “Consumer Network Attached Storage (NAS) Market: Global Industry Analysis and Forecast, 2016-2024,” the global consumer NAS market is presently valued a little over US$ 1,545 Mn, and will exhibit a healthy 11.6% CAGR during the forecast period. Factors such as rising demand for speedy transference of bulk data, growing need for efficient data backup plans, and increasing implementation of cost-effective storage options have been identified as the key drivers for the global consumer network attached storage market. Nevertheless, a steadfast adoption of consumer NAS systems across the globe is facing challenges such as competitive advantage of cloud-based storage services, and complex nature of expensive consumer network attached storage systems.

 

Higher Demand for Consumer NAS in Middle East & Africa

Even though a majority of global consumer NAS revenues emanate from North America, the Middle East & Africa region is being perceived as highly lucrative. Adoption of consumer network attached storage systems is expected to be rapid in this region. The MEA consumer NAS market is also being projected to exhibit the highest value CAGR – 14.2%. With North America at the forefront, the global consumer network attached storage market will also witness substantial growth across Europe and Latin America. Meanwhile, the Asia-Pacific consumer network attached storage market will expand at 10.6% CAGR through 2024.

Rising Adoption of Standalone Consumer NAS Solutions among SMEs

Based on the report findings, the global market for consumer network attached storage will be showcasing a greater contribution from small & medium enterprises (SMEs). In 2017 and beyond, SMEs will remain as the largest end-users of consumer network attached storage systems in the world. The demand for consumer NAS is also expected to remain substantial among residential end-uses, revenues from which are likely to reach US$ 1,315.2 Mn by 2024-end. Likewise, these end-users are actively adopting standalone consumer network attached storage system, as opposed to rackmount. The design of consumer NAS will continue to play a pivotal role in growth of the global market. By the end of 2024, more than US$ 2,700 Mn worth of standalone consumer NAS systems will be sold in the world. And, leading tech companies that will be catering to such surging global demands include, D-Link Corporation, NEC Corporation, Seagate Technology PLC, Netgear Inc., Western Digital Corporation, Synology Inc., EMC Corporation, ASUSTOR Inc., QNAP Systems, Inc., and Drobo Inc.

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Mental Health Software Market – Detailed Analysis and Forecast upto 2025

Persistence Market Research delivers key insights on the Global Mental Health Software Market in its latest report titled “Global Market Study on Mental Health Software: Innovative and Low-Cost Mental Healthcare Solutions to Drive Implementation”.

 

The global mental health software market is anticipated to expand at a double-digit CAGR during the forecast period. By deployment mode, the global mental health software market is segmented into on-premise and subscription (cloud-based). Among these, a subscription (cloud-based) segment is expected to register highest CAGR of 24.2% during the forecast period.

By mode of access, the global mental health software market is segmented into desktops/ laptops and tablets/ smartphones. Among these, desktops/ laptops segment is anticipated to be dominant throughout the forecast period and is projected to account around 70% share of the total global mental health software market by 2021.

By function, the mental health software market is segmented into telehealth, payroll, revenue cycle management, ledger, business intelligence, electronic health record, and clinical decision support. Among these, telehealth segment is estimated to be the third-largest segment in terms of value and is estimated to account over 16% share of the total global mental health software market share by 2015 end.

Application-wise, the market is segmented into commercial and residential segments. The commercial segment is further sub-segmented into hospitals and clinics, and others application. Others sub-segment is also categorized into psychiatrists, social workers, psychologists, counsellors, nurse practitioners, and group therapists.

Increasing aging population and increasing the incidence of chronic diseases is expected to fuel demand for advanced eHealth solutions for remote patient monitoring, which is projected to increase adoption of digital technologies by healthcare organizations. This, in turn, is expected to fuel the growth of the mental health solutions market during the forecast period. Healthcare organizations are focusing on integrating behavioural healthcare services into the care continuum in order to enhance quality and outcomes of healthcare services at the point of care. Increasing initiatives by universities are also indirectly propelling integration of behavioural healthcare services with care continuum.

This report covers the trend of each segment and its sub-segments along with the analysis of the potential of mental health software market in that region. North America and Asia-Pacific regions are estimated to collectively account for over 65% revenue share of the total mental health software market share by 2015 end. Asia-Pacific is projected to be the fastest growing market due to increasing aging population and incidence of chronic diseases in the region.

Key players in the global mental health software market are Cerner Corporation, Qualifacts Systems Inc., MindLinc, Core Solutions Inc., Netsmart technologies Inc., Epic Systems Corporation, Credible Behavioral Health Inc. (Credible), Nextgen Healthcare Information Systems LLC, Valant Medical Solutions Inc., and Welligent Inc. Leading players in the mental health software market aim to acquire other key technology providers in order to enhance their technological capabilities and maintain a competitive edge in the market.

 

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Clinical Communication and Collaboration Market foreseen to grow exponentially by 2025

According to a recent market report published by Persistence Market Research titled “Clinical Communication and Collaboration Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” revenue from the global clinical communication and collaboration market was US$ 138.5 Mn in 2012 and US$ 214.8 Mn in 2016, representing a CAGR of 11.6% from 2012 to 2016. This revenue growth is attributed to addition of new features in clinical communication and collaboration solutions. Persistence Market Research forecasts revenue from the global clinical communication and collaboration market to increase from US$ 249.4 Mn in 2017 to US$ 861.6 Mn by 2025 end, representing a CAGR of 16.9% from 2017 to 2025. This increasing revenue growth is attributed to continuous launch of new clinical communication and collaboration solutions and option for customization supporting growth of this market.

Advancement in patient monitoring technologies and need for seamless communication among hospital staff are major factors driving revenue growth of the global clinical communication and collaboration market. However high initial costs and disruption of workflows are restraining revenue growth of the clinical communication and collaboration market.

Global Clinical Communication and Collaboration Market: Segmentation & Forecast

The global clinical communication and collaboration market is categorized on the basis of Component (Software, Services), Content Type (Text, Voice, Video), end user (Clinical Laboratories, Hospitals, Physicians, Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).

  • By component, revenue generation from the Services segment is expected to increase at a high CAGR of 19.1% over the forecast period. In terms of value, the Services segment is anticipated to increase 3.9X between 2017 and 2025. The Services segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the Software segment is projected to be the most attractive in the global clinical communication and collaboration market during the forecast period.

 

  • By content type, the Video segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 18.4% during the forecast period. In terms of value, the Text segment is projected to be the most attractive in the global clinical communication and collaboration market during the forecast period.

 

 

  • By end user, the Hospitals segment is projected to be the most attractive segment in terms of value in the global clinical communication and collaboration market during the forecast period. The Physicians segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 17.2% during the forecast period.

 

  • By region, the Asia Pacific regional market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, APAC is expected to expand at a CAGR of 18.8% during the forecast period. In terms of value, the APAC market is anticipated to increase 3.8X between 2017 and 2025. Clinical communication and collaboration solution providers can focus on expanding across several countries in APAC region such as India, China.

 

Regional Forecast

The report tracks the performance of the global retail omni-channel commerce platform market across the key geographies of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America accounted for the largest market share in 2016 owing to a growing need for retail omni-channel commerce platforms. Also, demand for retail omni-channel commerce platforms is increasing in the markets in Middle East and Africa and Latin America. Asia Pacific is anticipated to register the highest CAGR of 25.6% in terms of value over the forecast period.

Vendor Insights

The report profiles the leading companies operating in the global retail omni-channel commerce platform market including Cognizant Technology Solutions Corp., Salesforce.com, NCR Corporation, Oracle Corporation, IBM Corporation, SAP SE, Toshiba Corporation, Diebold Nixdorf AG, Infosys Ltd., and Infor Global Solutions, Inc.

 

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Retail Omni-Channel Commerce Platform Market – In-Depth Analysis & Forecast upto 2025

According to a recent market report published by Persistence Market Research titled “Retail Omni-Channel Commerce Platform Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” the global retail omni-channel commerce platform market was valued at US$ 2,965.3 Mn in 2016 and is expected to register a CAGR of 19.9% from 2017 to 2025 to reach a market valuation of US$ 14,987.5 Mn by the end of the forecast period in 2025. Increasing consumer demand for advanced technologies and enhanced experience by mobile applications are major factors driving revenue growth of the global retail omni-channel commerce platform market.

 

Persistence Market Research Recommendations

 

  • Retailers need to combine their multiple commerce channels into a single channel to address the growing needs of their customer base. This integrated channel would provide solutions to errors in order management, network failure,
  • Retailers need to set up cross functional teams to implement their robust omni-channel strategy. These teams will enable a retailer to implement functions such as managing supply-chain finance, brick and mortar operations, strategic planning, e-Commerce and IT.
  • Retail omni-channel commerce platform providers should deploy the services of the software over cloud as it enables an efficient connectivity between all the channels.
  • Retailers need to strategize their supply chain process and return process of products very efficiently as these are the most difficult tasks to manage while shifting to a comprehensive omni-channel platform. In addition to this, small and medium sized retailers should also start adopting the platform for satisfying the needs of their diverse customer base to sustain in the global market.

 

Segmental Forecast

The global retail omni-channel commerce platform market is categorized on the basis of deployment type, industry, solution and region. On the basis of deployment type, the market is segmented into SaaS and On-premise. On the basis of solution, the market is segmented into e-Commerce, Order Management and Others. On the basis of industry, the market is segmented into FMCG, Apparel and Footwear, Consumer Electronics, Hospitality, and Others.

  • By deployment type, the SaaS segment is anticipated to register a CAGR of 21.2% during the forecast period. In terms of value, the SaaS segment is projected to be the most attractive in the global retail omni-channel commerce platform market during the forecast period.
  • By solution, the Others segment accounted for a market share of 26.8% in 2016 and is expected to register a healthy CAGR of 21.8% during the forecast period. In terms of value, the e-Commerce segment is projected to be the most attractive in the global retail omni-channel commerce platform market during the forecast period.
  • By industry, the FMCG segment is estimated to register a CAGR of 24.9% during the forecast period. In terms of value, the Consumer Electronics segment is projected to be the most attractive in the global retail omni-channel commerce platform market during the forecast period.

 

Regional Forecast

The report tracks the performance of the global retail omni-channel commerce platform market across the key geographies of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America accounted for the largest market share in 2016 owing to a growing need for retail omni-channel commerce platforms. Also, demand for retail omni-channel commerce platforms is increasing in the markets in Middle East and Africa and Latin America. Asia Pacific is anticipated to register the highest CAGR of 25.6% in terms of value over the forecast period.

Vendor Insights

The report profiles the leading companies operating in the global retail omni-channel commerce platform market including Cognizant Technology Solutions Corp., Salesforce.com, NCR Corporation, Oracle Corporation, IBM Corporation, SAP SE, Toshiba Corporation, Diebold Nixdorf AG, Infosys Ltd., and Infor Global Solutions, Inc.

 

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Enterprise Information Management Solutions Market – In-Depth Analysis & Forecast upto 2025

Enterprise information management solutions are in great demand across industry verticals, regions, and enterprise types largely due to the 21st century being considered the ‘Age of Information’. Effective information management is absolutely critical and Persistence Market Research states that the global enterprise information management solutions market could be worth approx. US$ 70 billion by 2025. Pertinent market insights are presented in a new report titled ‘Enterprise Information Management Solution Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025)’.

Solutions – Master Data Management and Data Quality Critical Solutions

Both the master data management and data quality solutions are projected to witness an exponential CAGR in excess of 20% and stakeholders in the enterprise information management solutions market are advised to take this into account. The data quality segment is anticipated to be slightly larger than master data management at the end of the eight-year study with a value of over US$ 10.3 billion. Master data management is has sizeable demand in the MEA region and is worth US$ 140 million there in 2017 alone.

Industry – Banking and Financial Sector Data Has to be Effectively Managed

The banking and financial sector is estimated to be the most attractive in enterprise information management solution market over the duration of the forecast. Banks and financial institutions process a vast amount of confidential customer data that needs to be managed, stored securely, and integrated with other sources of data. The banking and financial sector may well register a Y-o-Y growth of 20.6% from 2017 to 2018.

Enterprise Type – Large Enterprise Lose Out to Small and Medium Enterprises

 

Large enterprise has almost 3/5th market share in the enterprise information management solution market by enterprise type but is on track to lose a significant 470 BPS over the forecast period and small and medium enterprises are the primary beneficiary of this.

 

Deployment – Mobile First World to Benefit Cloud Deployment

A mobile first world is predicted to spur the adoption of cloud-based solutions in the enterprise information management solution market. The on-premise deployment type has a lead in the enterprise information management solution market in 2017 but is likely to lose this position very soon. As Internet connectivity improves globally and smartphones become commonplace, there could be a desire to access information anywhere, anytime and this applies to enterprise data as well. The market attractiveness index of cloud deployment is 5.0 in enterprise information management solution market.

Region – Huge Potential in Latin America and MEA for Enterprise Information Management Solutions

North America has the maximum share in the enterprise information management solutions market in 2017 and APEJ is poised to inch past it by the end of the forecast period. Nonetheless, companies are recommended to target Latin America and MEA as these two dynamic regions are expected to grow by a massive 620 and 220 BPS points respectively. Master data management has immense scope in MEA and companies there are rapidly adopting it as it enables directly interacting with business intelligence providers and helps improve operational efficiency.

Competitive Dashboard in the Enterprise Information Management Solution Market

Prominent companies actively involved in the enterprise information management solution market include SAP SE, Techwave, Alfresco Software, OpenText Corp., Oracle Corporation, International Business Machines Corporation, EMC Corporation, Hewlett Packard, Adobe, Microsoft, Deltek, and Enterprise Information Management.

Key Takeaways

Enterprise information management solution vendors would do well to target the MEA and APAC regions as there is substantial demand for innovative solutions such as data integration, master data management, data governance, and data quality. Small and medium enterprises are showing the way with their eager adoption of enterprise information management solutions and the shift to cloud deployment should gather momentum going forward.

 

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ISO Certification Market foreseen to grow exponentially by 2025

Persistence Market Research has analyzed several factors of the ISO certification market from a global perspective and has skilfully presented the insights based on these aspects in its new research publication titled “ISO Certification Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. The analytical research study covers various trends, developments, restraints and challenges faced by ISO certificates which has impacted the global market for ISO certificates.The report covers analysis on each and every segment of the ISO certification market thus giving a realistic market scenario which can be used to assess future moves from a strategic standpoint.

Global ISO Certification Market: Current Scenario

The global ISO certification market is valued at about US$ 11.8 Bn in 2017. The global market has witnessed a negative CAGR and is poised to reach a valuation of around US$ 2.8 Bn by the end of 2025. The huge volume of re-certification during the timeline 2017-2018 and huge renewal of certifications during the year 2023-2024 is the main reason for the market to show a negative CAGR.

Global ISO Certification Market: Drivers

With the emergence of new technologies and launching of new products, plenty of nonstandard, low quality products are available in the market. These products may prove harmful to customers in various ways. As a result, customers are becoming increasingly aware of the safety and quality of products, thereby raising the demand for products which are certified with some renowned standards. As such, all the renowned enterprises across various industries are increasingly focusing on the standardization of their products and processes, giving rise to growth in the certification market.

Environmental degradation has become a cause of concern in major parts of the world. Recently, numerous government regulations tightened the operations of industries in order to reduce their harmful effects on the environment. Stringent regulations have also has forced industries to obtain environmental management systems certification so that their operations remain unhindered. Apart from sticking to governmental regulations, industries now experience a lot of other benefits, including monetary and non-monetary benefits, like gaining a competitive advantage, growing interest of insurance companies, increasing investor confidence, creating a positive public image, and developing better customer relationships. Moreover, certifications can enhance the business operations by enabling them to use the resources more effectively and reduce the amount of waste generated by them. All these benefits lure organizations across various industries to get certified with the latest environmental management systems certifications, thereby raising demand for the ISO 14001:2015 certifications market.

Global ISO Certification Market: Restraints

The process of certification relies on heavy documentation, which requires a long amount of time to complete. This long-lasting process increases the complexity of the business, thereby hindering the operations of companies, especially the small firms. This may hold back many companies from attaining certification, thereby hindering the growth of the market. This coupled with high cost of certification are posing challenges to the growth of the global ISO certification market.

Global ISO Certification Market: Segmental Acumen

The global ISO certification market is segmented by certification, by industry and by region.

  • Environmental management systems ISO 14001:2015 segment in the certification category is expected to be the largest segment followed by information security management systems ISO 27001:2013 certification. The environmental management systems ISO 14001:2015 segment is valued at about US$ 4.3 Bn in 2017
  • By region, Asia Pacific is likely to be the largest region and is highly lucrative for the global ISO certification market. The Asia Pacific ISO certification market, by the end of 2025, is anticipated to reach a value of about US$ 1.4 Bn
  • By industry, the others segment is the largest thus dominating the global market. In 2017, this segment reflected a value of about US$ 6.4 Bn

 

Global ISO Certification Market: Competitive Analysis

The global ISO certification market research report includes key players such as Bureau Veritas, DNV GL AS (International Standards Certifications Global FZ LLC), SGS SA, Lloyd’s Register Group Services Limited, Intertek, The British Standards Institution, CERTIFICATION EUROPE, NQA, Lakshy Management Consultant Pvt. Ltd., and URS Holdings.

 

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Mobile Applications Market – Detailed Analysis and Forecast upto 2024

Persistence Market Research delivers key insights on the global mobile application market in a new report titled, “Global Mobile Application Market: Industry Analysis and Forecast, 2016–2024”. The global mobile application market is projected to register a healthy CAGR of 11.1% during the forecast period 2016-2024. The market is likely to witness an absolute dollar opportunity of US$ 50.47 Bn between 2016 and 2024.

Market dynamics

Rising disposable income increases the probability of consumer spending on media, entertainment, networking, and mobile communication; leading to higher potential sales of mobile applications. The instances of mobile application adoption are very high among the urban population as compared to the rural population – and hence there is high demand for mobile applications in developed regions (where the urban to rural population ratio is higher than developing regions). These factors have led to a rapid growth of the global mobile application market over the last few years and this trend is likely to continue in the coming eight years.

The global mobile application market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and m-commerce industries. Leading global smartphone manufacturers such as Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Microsoft, etc. are making strategic investments in the development and production of their own application processor (AP) to differentiate their offerings and maintain increased market share and margins. There is also a rising trend of m-commerce particularly among the working population, and this has increased the demand for mobile applications. Growing internet penetration and rising subscription in social media are some of the other key factors driving the growth of the global mobile application market.

Market forecast

The global mobile application market is segmented on the basis of Store Type (Apple App Store, Google Play, Others); End Use (Games, Social Networking, Healthcare, Books, Music, Productivity, Education, Entertainment, News, Photos and Videos, Navigation, Travel, Business, Others); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

The Apple App store segment is estimated to account for a revenue share of 47.2% in 2016. The Google Play segment is anticipated to reach a market valuation of US$ 17.22 Bn by the end of 2016 and this is expected to increase to US$ 43.53 Bn by 2024 end, registering a CAGR of 10.8% over the forecast period. The Games end use segment is estimated to be valued at US$ 18.45 Bn by the end of 2016 and this is expected to increase to US$ 43.99 Bn by 2024, witnessing a CAGR of 11.7% over the forecast period. As compared to the other segments, the Games segment is expected to exhibit a relatively high attractiveness index over the forecast period.

Among regions, APAC is estimated to be the largest market for mobile applications throughout the forecast period. The APAC mobile application market is estimated to be valued at US$ 15.94 Bn by the end of 2016 and is expected to increase to a market value of US$ 41.97 Bn by 2024, registering a CAGR of 10.6% between 2016 and 2024. The North America mobile application market is estimated to account for a revenue share of 21.0% in 2016.

Competitive landscape

The global mobile application market report profiles some of the leading market players operating in the global mobile application market. The companies featured in the report are Google Inc., Microsoft, CA, Cognizant, Hewlett Packard Enterprise Development LP, SAP SE, China Mobile Limited, Samsung Electronics Co. Ltd., Apple Inc., and Opera Software. Top market companies lay strong emphasis on strategic mergers and acquisitions, technology advancements, and competitive pricing to retain their position in the global mobile application market.

 

 About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

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Picture Archiving and Communication System Market foreseen to grow exponentially by 2026

Persistence Market Research delivers in-depth research on the global PACS market in its latest report titled “Global Market Study on Picture Archiving and Communication System (PACS): North America Likely to Remain Dominant Regional Market?”. According to the report, the global PACS market is projected to expand at a healthy CAGR of 6.2% during the forecast period in terms of revenue.

A PACS is a fully integrated system which is used for the data storage, distribution and analysis of medical images by doctors or by any other medical officials. PACS is termed as a picture archiving and communication system which is a combination of hardware, software, image modalities, and archiving that is used for data or image capturing, storing, distributing and then presenting these medical images. A picture archiving and communication system comprises of four key components including the imaging modalities such as MRI and CT, a secure network to transfer patient data, PACSs for interpreting and reviewing images, and long term and short term archives to retrieve and store reports and images.

Market dynamics

Demand for cloud-based PACS which are increasingly used in wide range of healthcare end-users such as hospitals, diagnostic centers, imaging centers, clinics, and many others is increasing significantly. PACS solutions are gaining traction due to an immediate reduction in the cost of archiving and storage for the clinics, hospitals, or imaging centers. This is expected to bolster the global PACS market. Recently, healthcare and hospitals providers are moving towards an e cloud-based system due to low cost and flexibility in technology adoption as compared to traditional PACS. Thus, increasing uses and applications of PACS are anticipated to increase the revenue growth of the global PACS market during the forecast period.

However, declining penetration rate of PACS, its high installation and operating cost, complexity of PACS technology and a lack of harmonization are the restraints hampering the growth of the global PACS market.

Market forecast

The global PACS market is segmented on the basis of deployment, components, business mode, end-use, and region. By deployment, PACS market is segmented into web-based PACS, cloud-based PACS and on-premise. Moreover, by components market is categorized into imaging modalities, secured network, and workstation and archives. On the basis of business mode, PACS market is fragmented into enterprise and departmental. Further PACS market end-users are hospitals, clinic imaging, dental practices, imaging centers, diagnostic centers, research & academic institutes, ambulatory surgical centers, and others. Key regions covered in the report are North America, Western Europe, Asia-Pacific excluding Japan, Eastern Europe, Middle East & Africa, Latin America and Japan.

The report analyzes the global PACS market in terms of value (US$ Mn) by deployment, components, business mode, end-use, and region; and provides insightful information regarding the value chain, market trends, competitive landscape, market dynamics and market estimations and forecast.

On the basis of regions, North America is estimated to be the largest market for PACS, accounting for 31.1% value share of the global PACS market in 2016. The region continues to dominate the market presently and is expected to continue to do so throughout the forecast period. On the basis of deployment, cloud-based PACS segments are projected to exhibit CAGR of 7.1%, respectively, in terms of market value during the forecast period. This is attributed to increasing usage of PACS in wide range of end-user application.

The markets in APEJ, Western Europe, MEA and Latin America are anticipated to contribute majorly to the global PACS market. The market in APEJ is expected to account for 18.4% share in terms of value in the global PACS market and be valued at US$ 674.9 Mn by 2026 end. The increasing demand for PACS from the hospitals, diagnostic centers, and Imaging centers in Western Europe, especially in EU5 is expected to fuel revenue growth of the market in the region. The market in Western Europe is estimated to be valued at US$ 790.7 Mn by 2026 end and projected to register a CAGR of 6.0% during the forecast period.

Factors such as increasing demand for increasing use of diagnostic imaging, growing healthcare IT adoption, and increasing adoption of cloud-based PACS is set to drive revenue growth of the global PACS market.

 

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Healthcare Cloud Computing Market – In-Depth Analysis & Forecast upto 2020

According to a new market report published by Persistence Market Research “Global Market Study on Healthcare Cloud Computing: Hybrid Clouds to Witness Highest Growth by 2020” the global healthcare cloud computing market was valued at USD 4,216.5 million in 2014 and is expected to grow at a CAGR of 20.1% from 2014 to 2020, to reach an estimated value of USD 12,653.4 million in 2020.

 

Healthcare cloud computing refers to a process which involves delivering hosted medical services to the clients. These services can be classified into majorly three types: infrastructure-as-a-service, platform-as-a-service, and software-as-a-service. A cloud can be public, private, hybrid or community in nature.

Globally, the healthcare cloud computing market is witnessing significant growth due to increased government healthcare IT spending and advanced features of cloud computing services In addition, rising demand for better healthcare facilities, increasing in popularity of wireless and cloud technologies are driving the healthcare cloud computing market. However, factors such as high cost involved in the implementation of clinical information systems and lack of security and privacy of patient’s information restrain the global market for healthcare cloud computing market. In addition, interoperability issues negatively impact the growth of the healthcare cloud computing market. The global healthcare cloud computing market is estimated at USD 4,216.5 million in 2014 and expected to reach USD 12,653.4 million in 2020, growing at a CAGR of 20.1%.

 

North America has the largest market for the global healthcare cloud computing market. This is due to technological advancements in the region. North American market for healthcare cloud computing is estimated at USD 1,857.5 million in 2014 and is expected to reach USD 5,757.7 million in 2020, growing at a CAGR of 20.7%. In terms of deployment model, hybrid clouds are the fastest growing segment. In terms of service model, software-as-a-service (Saas) is the largest segment of healthcare cloud computing market.

One of the latest trends that have been observed in the global healthcare cloud computing market includes increasing use of mobile devices for delivering healthcare services.

 

Microsoft Corporation and International Business Machines Corporation are some of the leading players in the global market for healthcare cloud computing market. Some of the other major players in healthcare cloud computing market are Agfa-Gevaert N.V., CareCloud Corporation, Dell Inc, ORACLE CORPORATION, GE Healthcare and Merge Healthcare Incorporated.

 

 About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research

305 Broadway

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Email: sales@persistencemarketresearch.com