Friday, 29 January 2016

New report sheds light on Global Portable Scanner Market 2015-2019

Portable Scanner Market 2015-2019

Covering: This market analysis segments the global portable scanner market by technology (laser scanners, linear imager, and 2D imager), by end user (transportation/logistics, retail-in-store, industrial manufacturing, and others), and by geography (APAC, EMEA, and the Americas). Leading vendors analyzed in this global market research are Motorola solutions, Honeywell, and Datalogic.


Market outlook of the portable scanner market
In terms of revenue, Technavios market research analyst has estimated the global portable scanner market to post an impressive market value of more than USD 1,300 million by 2019. Factors like the high portability of these scanners coupled with its ability to assist in inventory management are expected to account for this markets steady growth during the forecast period.

Geographically, the Americas are expected to lead the market for portable scanners during the forecast period. The presence of prominent vendors like Motorola and Honeywell in this region is expected to result in market growth during the forecast period. Additionally, the ability of these scanners to detect and inspect products and raw materials is envisaged to account for its high market share or nearly 46% by 2019.

Competitive landscape and key vendors: Motorola solutions, Honeywell, & Datalogic
This market is extremely competitive and is dominated by a few vendors like Motorola solutions, Honeywell, and Datalogic. Motorola and Honeywell dominate the market in the Americas, whereas Datalogic dominates the market in the European region. The entry of new and local vendors in this market is expected to pose a significant challenge for the large players as it will intensify the level of competition between them.

Key vendors in this market are -
Motorola solutions
Honeywell
Datalogic


Other prominent vendors in this market are Denso, Metrologic Instruments, and Opticon.

Technological segmentation and analysis of: laser scanners, linear imager, & 2D imager
In this market research report, analysts estimate the 2D imager segment to be the largest market segment during the forecast period. Growth in this segment is propelled by factors like its ability to read both 2D matrix codes and barcodes. These factors promote growth in this segment during the forecast period and results in its impressive market share of more than 53% by 2019.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Laser scanners
Linear imager
2D imager

Segmentation by end-user and analysis of: transportation/logistics, retail-in-store
Technavio market research analysts estimate the transportation/logistics segment to account for approximately 36% of the total market share by 2019. In the transport sector, the ability of handheld scanners to track assets, boarding passes, and luggage are expected to account for this segments high market share during the forecast period.

This industry research report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Transportation/logistics
Retail-in store
Industrial manufacturing
Others


Key questions answered in the report include
What will the market size and the growth rate be in 2019
What are the key factors driving the portable scanner market 
What are the key market trends impacting the growth of the portable scanner market 
What are the challenges to market growth
Who are the key vendors in the portable scanner market
What are the market opportunities and threats faced by the vendors in the portable scanner market
Trending factors influencing the market shares of APAC, EMEA, and the Americas
What are the key outcomes of the five forces analysis of the portable scanner market

Technavio also offers customization on reports based on specific client requirement.

Related reports
Global Barcode Scanner Market 2015-2019
Global RFID Market for Retail Applications 2015-2019

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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Global pet food packaging market will grow at a CAGR of 8% between 2015 and 2020

Global Pet Food Packaging Market - Research Study 2016-2020

Covering: This report covers the growth prospects of the global pet food packaging market with segmentation based on product type. The major geographies include APAC, Europe, North America, and ROW. It also includes an insightful analysis of the major vendors in this market such as Amcor, Bemis, Mondi, and Sonoco.


Market overview of pet food packaging

The global pet food packaging market will grow at a CAGR of 8% between 2015 and 2020. The market is expected to witness moderate growth in terms of revenue. The growing use of flexible packagings such as sachets and pouches is prompting vendors to look for innovative and value-added packaging products and solutions.

This market research report emphasizes on growth factors such as a rise in e-commerce for pet products, demand for single-serve, smaller, and re-closable packaging for easy carrying and disposal. The demand for pouch packaging is expected to increase plastic packaging during the forecast period.

Segmentation by product type of global pet food packaging market

Bags
Metal cans
Pouches
Folding cartons
Others

In 2015, the bags segment accounted for the major share of the market, and this share is expected to increase at a marginal level by 2020. Technavios market research analysts predict a significant shift in the preference of companies using rigid packaging over to flexible plastic packaging, such as pouches, during the forecast period. As per the forecast, the demand for convenient packaging will emerge as a key growth driver for this segment during the forecast period.


Segmentation by geography of global pet food packaging market
North America
Europe
APAC
ROW

In 2015, North America dominated the global pet food packaging market, followed by Europe, APAC, and ROW. The MEA and Latin America are part of the ROW and are expected to grow rapidly by 2020. North America will retain its dominant position in the market in 2020 as well.

Competitive landscape and key vendors

Vendors compete in terms of costs as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings. Vendors have high scope for innovation because of the growing demand for high-quality packaged food products. International players are expected to grow inorganically by 2020 by acquiring regional or local players. The key players in the market are expected to diversify their geographical presence with a focus on APAC and the ROW during the forecast period.

The major vendors of the market include:
Amcor
Bemis
Mondi
Sonoco

The other prominent vendors of the market include American Packaging, Ampac, AptarGroup, Ardagh Group, Ball, Berlin Packaging, Berry Plastics, Gateway Packaging, Greif, Graphic Packaging, InterFlex Group, KapStone, WestRock, Mondi Group, Printpack, Reynolds Group Holding, and Silgan.


Key questions answered in the report

What are the key factors driving the global pet food packaging market
What are the key market trends impacting the growth of the global pet food packaging market
What are the various opportunities and threats faced by the global pet food packaging market
Trending factors influencing the market shares for including North America, Europe, APAC and ROW
Key outcome of the five forces analysis on the global pet food packaging market
Growth forecast of the global pet food packaging market until 2020

Related reports

Global Pet Food Market 2015-2019 - Industry Analysis
Pet Food Packaging Market in US 2015-2019
Petcare Packaging Market: Global Research and Analysis 2015-2019

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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Global peripherally inserted central catheter devices market to grow at a CAGR of 6.98% over the period 2014-2019

About peripherally inserted central catheter

Peripherally inserted central catheter is a thin, soft, flexible tube used to inject fluids or medications directly into a vein and or to draw blood samples for testing. The device is inserted in a peripheral vein in the arm such as the cephalic vein, basilic vein, or brachial vein. It is then advanced proximally toward the heart through increasingly larger veins until the tip rests in the distal superior vena cava or cavoatrial junction. The device has two openings called as lumens used to deliver medications.

Technavio's analysts forecast the global peripherally inserted central catheter devices market to grow at a CAGR of 6.98% over the period 2014-2019.


Covered in this report
This report covers the present scenario and the growth prospects of the global peripherally inserted central catheter market for the period 2015-2019. To calculate the market size, we consider revenue generated from the sales of the peripherally inserted central catheter devices.

Technavio's report, Global Peripherally Inserted Central Catheter Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors
AngioDynamics
B. Braun
BD
C.R. Bard
Teleflex

Other prominent vendors
Argon Medical Devices
Boston Scientific
Cook Medical
Icumed


MARTECH Medical 
Medcomp
Medical Components 
Medtronic
Merit Medical Systems
Smiths Medical
Terumo
Theragenics 
Vygon

Market driver
Technological advancements
For a full, detailed list, view our report

Market challenge
High risk of bloodstream infections
For a full, detailed list, view our report


Market trend
Increased use of antimicrobial catheters 
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be
What are the key market trends
What is driving this market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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Global Passenger information systems to reach a market size of approximately USD 20 billion by 2019

Global Passenger Information System Market 2015-2019

Covering: Market forecast and analysis of the global passenger information system market until 2019. Market size and segmentations by products (hardware, software, and services), and by mode of transport (roadways, airways, and railways). It includes market shares for APAC, Americas, and EMEA. Top vendors analyzed by this report include Alstom, Cubic Transportation, GE, Hitachi, and Huawei


Market outlook of passenger information systems 
This research study considers revenues generated through passenger information system spending in airways, railways, and roadways. Technavios market research analysts project passenger information systems to reach a market size of approximately USD 20 billion by 2019.

Transport operators are looking to leverage emerging technologies to streamline their operations and make it more secure, reliable and efficient. Traditional IT vendors such as Siemens, Cisco, GE Transportations, and TE Connectivity are introducing real-time passenger information systems to address the specific needs of a rapidly changing travel environment for buses, trains, planes, and other modes of transport.

Passenger information system can be an effective future investment for transporters to not only offer greater convenience to passengers, but also to experience platforms with a wide range of personalized services.

What is the key utility of a passenger information systems
The upsurge in the average number of vehicles on the road has led to traffic congestions. Therefore, public transport services offering real-time information to passengers have become a necessity. Passenger IS encompasses many useful features such as emergency notification, passenger/public announcement, infotainment, and mobile applications. Passenger information systems allow passengers to get the most relevant information concerning the status of all kinds of transport mediums such as trains, airplanes, roadways buses, and cabs.

These systems involve the use of high-end data centers connected with wireless networks. These high-end data centers receive information queries and transmit relevant content to a web interface through back-end work stations. It enables passengers to access up to date information on the go using handheld devices or through media panels displayed at railways stations, bus stands or airports.

Global passenger information system market by products
Hardware
Software
Services

Although the services segment is witnessing fast growth, it currently accounts for the lowest market share among all passenger information systems. It includes cloud-based services, integration services, and professional services.


The market forecast predicts an upsurge in the demand for hardware components such as panels, control servers, and other communication systems over the next four years. These components act as the first point of contact for passengers to access information at flight terminals, train stations, and roadway transits.

Global passenger information system market by modes of transport
Railways
Roadways
Airways

Well established railways in Western Europe and the US have strengthened the railway segment of the global information systems market. However, the majority of the government investment is expected to come from developing regions during the forecast period. The need to enhance the efficiency and efficacy of transportation systems is driving the demand for automated passenger information dissemination services. The railway segment is likely to hold close to 42% of the market share by 2019.

Geographical segmentation of the global passenger information system market
APAC
Americas
EMEA

In North America, the number of real-time traffic subscribers stood at close to 1.85 million units in 2014. This research report estimates the market to have over 14 million subscribers in this region by the end of the forecast period.

Leading vendor analysis in the global passenger information system market 
Alstom
Cubic Transportation 
GE 
Hitachi 
Huawei

Market vendors will look to leverage the growing demand for passenger information systems in airports. Adoption of new emerging technologies at airports for enhanced efficiency is one of the major trends in the airport IT market. This report predicts, technologies such as beacon, geo-location, 3D face recognition, backscatter x-ray machines, bar coded boarding passes, thermal sensors, and video analytics to be implemented in several airports across the globe in the next four years.

Key questions answered in the report Key questions answered in the report
What are the key factors driving the global passenger information system market
What are the key market trends impacting the growth of the global passenger information system market 
What are the various opportunities and threats faced by the vendors in the global passenger information system market 
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the five forces analysis on the global passenger information system market
Growth forecast of the global passenger information system market until 2019


Technavio also offers customization on reports based on specific client requirement.

Related reports
Global Healthcare Information Systems Market 2015-2019- Market Research
Global In-vehicle Entertainment and Information Systems Market 2015-2019
Global Building Information Modelling (BIM) Market 2015-2019
Global Laboratory Information Management System (LIMS) Market 2015-2019
Global Cardiovascular Information System Market 2015-2019

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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BFS Sector is projected to account for a CAGR of over 6% during the forecast period

Global Outsourcing Market in BFS Sector: Trends & Forecast 2015-2019

Covering: This report covers the growth prospects of the global outsourcing market in BFS sector with segmentations based on services such as information technology outsourcing (ITO) and business process outsourcing (BPO). The key regions based on market shares include the Americas, EMEA, and APAC. The report also includes an analysis of the leading vendors of this market, which include Accenture, IBM, Genpact, and TCS.

Market Overview of Global Outsourcing Market in BFS Sector
Technavios market analysts have observed that costs are growing in the BFS sector due to the regulatory compliances that need to be followed by organizations here. Organizations in the BFS sector are increasingly outsourcing both regulated and non-regulated activities to third-party service providers, to reduce costs and identify key investment areas; this sector primarily outsources its IT service requirements such as application support, and infrastructure management and support to third-party service providers. In addition, specific operations related to F&A, back-office activities and processing, and administration and contract functions are outsourced. Outsourcing enables organizations in the BFS sector to transfer their risks, meet changing regulatory compliances, improve customer services, and achieve cost efficiencies. The global outsourcing market in the BFS Sector is projected to account for a CAGR of over 6% during the forecast period.


This market research indicates the emergence of new outsourcing destinations, such as Sri Lanka and Colombia, because some of the traditional outsourcing destinations, such as Brazil, Russia, India, and China, have witnessed economic slowdown in the recent past. The increasing need for customer analytics and the need to create better customer segmentation models are expected to propel market growth during the forecast period. Analytics help an organization to develop new channels and products according to customer requirements, and offer better customer service.

Segmentation of global outsourcing market in BFS sector by service
ITO
BPO

In terms of outsourcing deals, the ITO segment outperformed the BPO segment in both the banking and the financial services sectors and held a share of more than 88% in the global outsourcing market in BFS Sector in 2014. According to the global research report, the ITO market is witnessing the introduction of cloud-based solutions such as SaaS and IaaS that enables cost reduction, primarily by eliminating the need for investments in infrastructure development.

The BPO segment is growing in terms of outsourcing deals and this will continue during the forecast period. Organizations in the capital market are increasingly outsourcing middle office functions such as clearance or settlement, trade support, and risk management to increase transparency. Banks are increasingly focusing on improving customer loyalty and operational efficiency. Therefore, they are outsourcing risk management and compliance activities to gain a competitive advantage. The BPO segment is witnessing the outsourcing of non-traditional areas such as procurement and risk. In addition, cloud technology is used to bundle traditional ITO services into BPO deals.

Market shares and analysis of leading regions in global outsourcing market in BFS sector
Americas
APAC
EMEA

The Americas accounted for the largest share of the global outsourcing market in BFS sector, where North America is one of the key contributors, primarily because of challenges such as regulatory compliances and the economic volatility faced by financial organizations in this region.

The EMEA region has gained importance as a capital market BPO destination because of its proximity to capital markets outsourcing clients located in the US and Europe. Time saving, improvement in service quality, and high customer satisfaction, are some of the factors that have made this region favorable for ITO and BPO activities.

Credit card processing, call center, disaster recovery, and data processing are some of the major BPO businesses in APAC, which remains the most cost-effective application outsourcing service delivery location.

Key vendors in global outsourcing market in BFS sector
Accenture
IBM
Genpact
TCS

Market research and analysis of the competitive scenario indicates that the global outsourcing market in BFS sector is highly fragmented due to the presence of large and small players. The competition in the market is likely to intensify further as several players are entering this market.

In order to grow, vendors should build strong capabilities in regulatory compliance and risk management solutions. Therefore, they are shifting focus toward developing skills in analytics, cloud, and mobility to harness the opportunities available and gain a competitive advantage.


The other prominent vendors of the market include:
Aegis
Attra Infotech
Capgemini
CGI
Cognizant
CSC
Dell
eClerx
Endava
EPAM
EXL
HCL
Hexaware
HP
iGate
Infosys
ITC Infotech
L&T Infotech
Luxoft
Mindtree
Mphasis
NIIT Technologies
Polaris
Serco
Softek
Sutherland Global Services
Syntel
Tech Mahindra
Unisys
Virtusa
Viteos
Wipro
WNS
Xchanging
Xerox


Key questions answered in report
What are the key factors driving the global outsourcing market in BFS sector
What are the key market trends impacting the growth of the global outsourcing market in BFS sector
What are the various opportunities and threats faced by the vendors in the global outsourcing market in BFS sector
Growth forecast for the key segments of the global outsourcing market in BFS sector
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the market analysis of the leading countries in the global outsourcing market in BFS sector
Key outcome of the five forces analysis on the global outsourcing market in BFS sector

Related reports
Global Outsourcing Market in BFS Sector 2014-2018
Global Big Data IT Spending in Financial Sector- Market Research 2015-2019
Global POS Terminals Market in the Retail Sector 2015-2019
Global DM in the Aerospace and Defense Sector: Market Research and Analysis 2015-2019
Global Data Analytics Outsourcing Market 2015-2019

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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Global Oil and Gas Fishing Tools Market 2015-2019 | Researchmoz

Global Outsourcing Market in BFS Sector: Trends & Forecast 2015-2019

Covering: This report covers the growth prospects of the global outsourcing market in BFS sector with segmentations based on services such as information technology outsourcing (ITO) and business process outsourcing (BPO). The key regions based on market shares include the Americas, EMEA, and APAC. The report also includes an analysis of the leading vendors of this market, which include Accenture, IBM, Genpact, and TCS.

Market Overview of Global Outsourcing Market in BFS Sector
Technavios market analysts have observed that costs are growing in the BFS sector due to the regulatory compliances that need to be followed by organizations here. Organizations in the BFS sector are increasingly outsourcing both regulated and non-regulated activities to third-party service providers, to reduce costs and identify key investment areas; this sector primarily outsources its IT service requirements such as application support, and infrastructure management and support to third-party service providers. In addition, specific operations related to F&A, back-office activities and processing, and administration and contract functions are outsourced. Outsourcing enables organizations in the BFS sector to transfer their risks, meet changing regulatory compliances, improve customer services, and achieve cost efficiencies. The global outsourcing market in the BFS Sector is projected to account for a CAGR of over 6% during the forecast period.


This market research indicates the emergence of new outsourcing destinations, such as Sri Lanka and Colombia, because some of the traditional outsourcing destinations, such as Brazil, Russia, India, and China, have witnessed economic slowdown in the recent past. The increasing need for customer analytics and the need to create better customer segmentation models are expected to propel market growth during the forecast period. Analytics help an organization to develop new channels and products according to customer requirements, and offer better customer service.

Segmentation of global outsourcing market in BFS sector by service
ITO
BPO

In terms of outsourcing deals, the ITO segment outperformed the BPO segment in both the banking and the financial services sectors and held a share of more than 88% in the global outsourcing market in BFS Sector in 2014. According to the global research report, the ITO market is witnessing the introduction of cloud-based solutions such as SaaS and IaaS that enables cost reduction, primarily by eliminating the need for investments in infrastructure development.

The BPO segment is growing in terms of outsourcing deals and this will continue during the forecast period. Organizations in the capital market are increasingly outsourcing middle office functions such as clearance or settlement, trade support, and risk management to increase transparency. Banks are increasingly focusing on improving customer loyalty and operational efficiency. Therefore, they are outsourcing risk management and compliance activities to gain a competitive advantage. The BPO segment is witnessing the outsourcing of non-traditional areas such as procurement and risk. In addition, cloud technology is used to bundle traditional ITO services into BPO deals.

Market shares and analysis of leading regions in global outsourcing market in BFS sector
Americas
APAC
EMEA

The Americas accounted for the largest share of the global outsourcing market in BFS sector, where North America is one of the key contributors, primarily because of challenges such as regulatory compliances and the economic volatility faced by financial organizations in this region.

The EMEA region has gained importance as a capital market BPO destination because of its proximity to capital markets outsourcing clients located in the US and Europe. Time saving, improvement in service quality, and high customer satisfaction, are some of the factors that have made this region favorable for ITO and BPO activities.

Credit card processing, call center, disaster recovery, and data processing are some of the major BPO businesses in APAC, which remains the most cost-effective application outsourcing service delivery location.

Key vendors in global outsourcing market in BFS sector
Accenture
IBM
Genpact
TCS

Market research and analysis of the competitive scenario indicates that the global outsourcing market in BFS sector is highly fragmented due to the presence of large and small players. The competition in the market is likely to intensify further as several players are entering this market.

In order to grow, vendors should build strong capabilities in regulatory compliance and risk management solutions. Therefore, they are shifting focus toward developing skills in analytics, cloud, and mobility to harness the opportunities available and gain a competitive advantage.


The other prominent vendors of the market include:
Aegis
Attra Infotech
Capgemini
CGI
Cognizant
CSC
Dell
eClerx
Endava
EPAM
EXL
HCL
Hexaware
HP
iGate
Infosys
ITC Infotech
L&T Infotech
Luxoft
Mindtree
Mphasis
NIIT Technologies
Polaris
Serco
Softek
Sutherland Global Services
Syntel
Tech Mahindra
Unisys
Virtusa
Viteos
Wipro
WNS
Xchanging
Xerox


Key questions answered in report
What are the key factors driving the global outsourcing market in BFS sector
What are the key market trends impacting the growth of the global outsourcing market in BFS sector
What are the various opportunities and threats faced by the vendors in the global outsourcing market in BFS sector
Growth forecast for the key segments of the global outsourcing market in BFS sector
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the market analysis of the leading countries in the global outsourcing market in BFS sector
Key outcome of the five forces analysis on the global outsourcing market in BFS sector

Related reports
Global Outsourcing Market in BFS Sector 2014-2018
Global Big Data IT Spending in Financial Sector- Market Research 2015-2019
Global POS Terminals Market in the Retail Sector 2015-2019
Global DM in the Aerospace and Defense Sector: Market Research and Analysis 2015-2019
Global Data Analytics Outsourcing Market 2015-2019

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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Global NFC chips market to grow at a CAGR of 50.6% by volume over the period 2014-2019

About NFC Chips 

NFC chips refer to the ICs in mobile devices, POS terminals, and retail products that store information and control transactions. NFC chips enable communication between NFC-enabled devices within a radius of 4 inches. These chips provide ease of transaction and data exchange between devices without the need to pair them. This has resulted in increased adoption of NFC chips across various segments.

Technavio's analysts forecast the global NFC chips market to grow at a CAGR of 50.6% by volume over the period 2014-2019.


Covered in this Report
The report includes the present scenario and growth prospects of the global NFC chips market for the period 2015-2019. The report segments the market based on end-users.
Technavio's report, Global NFC Chips Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Key Vendors
Broadcom
Inside Secure
NXP Semiconductors
Sony

Other Prominent Vendors
Media Tek
Qualcomm
Renesas

Key Market Driver
Increased Adoption of NFC Technology
For a full, detailed list, view our report

Key Market Challenge
High Cost of NFC Chips
For a full, detailed list, view our report

Key Market Trend
Rise in NFC-based Transactions
For a full, detailed list, view our report


Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be
What are the key market trends
What is driving this market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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Global social business application market to reach a CAGR of close to 26% over the next four years


Global Social Business Application Market 2015-2019

Covering: Market size and forecast for social business applications until 2019. Market segmentation based on enterprise collaboration and communication, marketing automation, digital asset management, and social media marketing management. The leading vendors analyzed by this report include Adobe, Oracle, Salesforce.com, and Hootsuite.


Market outlook of social business applications
Businesses use social business applications for conducting various functions of an organizations. For instance, the marketing department uses social media to market their products, and the HR department uses social media to recruit candidates and collect perceptions of employees on the company. Technavios market research analysts predict the global social business application market to reach a CAGR of close to 26% over the next four years.

Also, social media platforms generate enormous data regarding the consumer sentiments related to the market and their behavioural analysis. This huge data is known as big data, which on analysis, unfolds various trends and challenges of the market growth. Enterprises are increasingly investing in big data tools, and predictive tools to obtain such insights as this information helps CMOs to take informative decisions.

The market is also witnessing a huge demand for social media analytics tools that are used to gather insights from social marketing efforts and reach out to a larger customer base. Some of the popular social media open-source analytics tools are Google social analytics, SumAll, Facebook insights, and Twitter Analytics.

Global social business application market segmentation by category
Enterprise collaboration and communication
Marketing automation
Digital asset management
Social media marketing management


Digital asset management has become a significant part of social businesses, and this segment is growing at a promising rate. Digital asset management has threats as well as opportunities for the social businesses.

Deployment of digital asset management tools offer a repository of rich media content that can be used and reused. It offers its own stock photo collection, providing imagery for use in blog posts. Also, with the use of digital asset management tools, companies can track where content has been shared and where other data resides, such as metadata fields and features that allow companies to share content and track status on social media.

The leading vendors analyzed by this report
Adobe
Oracle
Salesforce.com
Hootsuite

Other prominent vendors of this market include Attensity, Beevolve, Brandwatch, Crimson Hexagon, Expion, HearseySocial, ListenLogic, Lithium, SAS, Socialbakers, Spreadfast, Sprinklr, Sprout Social , Sysomos, Viralheat, and Webtrends.

Key challenges faced by the leading vendors of this market
The high cost of deploying social business software is one of the major challenges in the market. The price of social business software includes licensing cost, system design and customization, installation, and training and maintenance.

Moreover, enterprises need to train their employees on how to use the application efficiently. In addition, post-implementation, the software needs to be upgraded according to current market trends, which is one of the major growth inhibitors in terms of cost for SMEs.

Key questions answered in the report
What are the key factors driving the global social business applications market
What are the key market trends impacting the growth of the global social business applications market
What are the various opportunities and threats faced by the vendors in the global social business applications market
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the five forces analysis on the global social business applications market
Growth forecast of the global social business applications market until 2019


Technavio also offers customization on reports based on specific client requirement.

Related reports
Data Loss Prevention Application Market in APAC 2016-2020
Global RFID Market for Retail Applications 2015-2019
Global Semiconductor Market for Industrial Application 2015-2019
Content and Application Provider Market- Market Analysis 2015-2019
Global Application Processor Market 2015-2019

For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare, +1–518–621–2074
USA-Canada Toll Free: 866–997–4948
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