Video Streaming Market Estimated to Cross $124.57 Billion by 2025

The global video streaming market size is anticipated to reach USD 124.57 Billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 19.6% during the forecast period. Extensive usage of online video coupled with demand for on-demand video is driving the growth. In addition, increasing demand for high speed internet connectivity is projected to act as an advantage for the market growth.

Consumption of digital media has been on the rise across the globe. Growing demand for devices supporting digital media coupled with faster internet helps access media content form anywhere. In U.S., media consumption has grown radically, especially due to the shift from traditional media to digital media. For instance, rising number of digital media players, such as Amazon, Netflix, Apple TV, and Hulu among others, are challenging traditional television as the primary platform for entertainment.

Growing adoption of smartphones in combination with an extensive range of high-speed internet technologies, such as 3G, 4G, and LTE, has subsequently led to an increasing growth of data consumption. The audio and video traffic across the globe has boosted the internet data consumption. These factors are anticipated to bode well for the growth of the video streaming market.

Video training can prove to be effective solution for organizations looking to save time and efforts while training employees. Videos can be recorded and replayed multiple times, thus providing a handy and convenient tool for corporate training. Furthermore, they can be edited and the content can be removed or added. Owing to these advantages, organizations opt for video training, which is projected to drive the market in the forthcoming years.

The live video segment is expected to portray the highest growth over the forecast period. The non-linear video segment is anticipated to witness growth due to increasing demand for content streaming of content, which can be viewed in real-time.

North America video streaming market

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www.grandviewresearch.com/industry-analysis/video-streaming-market

Further key findings from the report suggest:

  • Consumer segment is expected to register growth over the forecast period majorly due to the convenience of watching videos anytime and anywhere. Increasing mobile subscriptions and adoption of connected devices, especially smartphones, are also expected to contribute to the segment growth
  • Over-the-Top (OTT) segment is expected to register the highest CAGR over forecast period. Advancement in enterprise video technology such as superior video codec, web based real-time communication, captioning, indexing, and transcoding and aggregation are expected to spur the demand
  • Asia Pacific video streaming market is expected to witness significant growth over the forecast period, majorly due to increasing demand for high speed internet connectivity and on-demand streaming
  • The key market players areAkamai Technologies, Inc.; Amazon Web Services; Apple, Inc.; Cisco Systems, Inc.; Google Inc.; Kaltura, Inc.; Netflix, Inc..; Ustream; Wowza Media Systems; AT&T Inc.; and Hulu, LLC.

Grand View Research has segmented the global video streaming market based on type of streaming, solution, platform, deployment, service, revenue, user, and by regions:

Video Streaming Scope Outlook (Revenue, USD Billion, 2014 – 2025)

  • Live Video Streaming
  • Non-Linear Video Streaming

Video Streaming Solution Scope Outlook (Revenue, USD Billion, 2014 – 2025)

  • Internet Protocol TV
  • Over the Top (OTT)
  • Pay TV

Video Streaming Platform Scope Outlook (Revenue, USD Billion, 2014 – 2025)

  • Gaming Consoles
  • Laptops & Desktops
  • Smartphones & Tablets
  • Smart TV

Video Streaming Service Outlook (Revenue, USD Billion, 2014 – 2025)

  • Consulting
  • Managed Services
  • Training & Support

Video Streaming Revenue Model Outlook (Revenue, USD Billion, 2014 – 2025)

  • Advertising
  • Rental
  • Subscription

Video Streaming Deployment Outlook (Revenue, USD Billion, 2014 – 2025)

  • Cloud
  • On-premises

Video Streaming User Outlook (Revenue, USD Billion, 2014 – 2025)

  • Enterprise
    • Application Outlook (Revenue, USD Billion; 2014 – 2025)
      • Corporate Communications
      • Knowledge Sharing & Collaborations
      • Marketing & Client Engagement
      • Training & Development
  • Consumer
    • Application Outlook (Revenue, USD Billion; 2014 – 2025)
      • Real-time entertainment
      • Web browsing & advertising
      • Gaming
      • Social networking
      • E-Learning

Video Streaming Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • Middle East and Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Enterprise Streaming Media Market Capacity, Production, Revenue, Price Forecast 2025

The global enterprise streaming media market size is expected to reach USD 57.57 billion by 2025, expanding at a CAGR of 17.8% from 2018 to 2025, according to a new study conducted by Grand View Research, Inc. Increase in internet penetration has enabled multi-national companies (MNCs) to adopt streaming media solutions as an effective alternative tool for conducting meetings, conferences, product presentations, client interactions, and other corporate communication. Thus, facilitating content delivery with a customized and interactive approach.

Companies across varied verticals are focusing on deploying advanced enterprise streaming media solutions to communicate and deliver content to geographically dispersed workforce and strategic business units. The solutions enable companies to reduce communication costs and improve the quality of presentation and interaction. It also enables companies to develop and deliver customized training modules for their employees. Human resource teams of companies are using webcasting to offer training programs and skill development courses to employees.

Most companies are deploying enterprise streaming media solutions to improve their service delivery models and to effectively compete in the rapidly evolving business environment. Government agencies and educational institutions are also using enterprise streaming media to deliver online learning courses to students located in remote locations that lack conventional classroom-based infrastructure.

For instance, the Government of India launched SWAYAM, a free online education platform in July 2017. The platform was developed by the All India Council for Technical Education (AICTE) and the Ministry of Human Resource Development (MHRD) with the assistance of Microsoft Corporation. SWAYAM is capable of hosting approximately 80,000 hours of learning and 2,000 courses that include postgraduate, school, undergraduate, law, engineering, and other professional courses.

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www.grandviewresearch.com/industry-analysis/global-enterprise-streaming-media-market

Further key findings from the study suggest:

  • The video conferencing segment is anticipated to be the fastest-growing segment over the forecast period, owing to increasing focus of companies on deploying high-end devices to offer an immersive experience to users
  • The corporate communications segment is expected to gain traction owing to increase in mobile workforce due to geographical business expansion
  • The cloud segment is estimated to expand at the highest CAGR over the forecast period as it offers increased operational flexibility and rapid deployment capability to enterprises
  • The BFSI segment is likely to maintain its dominance and also emerge as the fastest-growing segment over the forecast period as enterprise streaming media provides banks with enhanced branch communication capability by facilitating easy sharing of digital audio and video with customers
  • Asia Pacific is poised to experience the highest CAGR from 2018 to 2025, as MNCs continue to expand their business operations and presence in the region.
  • Key players operating in the enterprise streaming media market include Adobe Systems Inc.; Apple Inc.; Avaya Inc.; AVI-SPL Inc.; Cisco Systems; Haivision Systems Inc.; Microsoft Corporation, Polycom, Inc.; SAP AG, and Spirent Communications PLC.

Grand View Research has segmented the global enterprise streaming media market based on solution, service, deployment, enterprise size, application, end use, and region:

Enterprise Streaming Media Solution Outlook (Revenue, USD Million, 2014 – 2025)

  • Video Conferencing
  • Video Content Management
  • Webcasting
  • Web Conferencing

Enterprise Streaming Media Service Outlook (Revenue, USD Million, 2014 – 2025)

  • Professional Service
  • Managed Service
  • Support & Maintenance

Enterprise Streaming Media Deployment Outlook (Revenue, USD Million, 2014 – 2025)

  • On-premise
  • Cloud

Enterprise Streaming Media Enterprise Size Outlook (Revenue, USD Million, 2014 – 2025)

  • Small & Medium Enterprise
  • Large Enterprise

Enterprise Streaming Media Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Team Collaboration & Knowledge Transfer
  • Corporate Communications
  • Training & Development
  • Marketing
  • Others

Enterprise Streaming Media End Use Outlook (Revenue, USD Million, 2014 – 2025)

  • BFSI
  • Healthcare
  • Manufacturing
  • Government
  • IT & Telecom
  • Media & Entertainment
  • Retail
  • Others

Enterprise Streaming Media Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

4K Set-top Box (STB) Market Growth Factors, Trends and Forecast Report to 2024

The global 4K Set-top Box (STB) market size is projected to reach USD 7.18 billion by 2024, as per a new report by Grand View Research, Inc. The growing inclination of the global public towards ultra-high definition video viewing can be attributed as a major reason for the 4K STB market growth.

The demand for media-rich home entertainment services among consumers is increasing and is anticipated to fuel market growth. The growth is further fostered by favorable government initiatives, large-scale digitization programs, and mandatory installation of set top boxes. Improved standard of living owing to increased purchasing power is positively impacting the industry growth.

The initiatives undertaken by the Federal Communications Commission for supporting third party STB manufacturers is paving the way for the expansion of the Ultra High-Definition (UHD) STB industry. The market is anticipated to gain traction in Asia Pacific owing to the strong presence of low-cost set top box manufacturers, especially in countries such as Korea, Taiwan, and China.

The increasing penetration of 3D and 4K TVs and escalating demand for large screen displays are fueling the demand for Ultra High-Definition (UHD) STBs. Smart features such as STB operability through voice commands given by Remote Control Unit (RCU) is garnering high potential. The computational capabilities of STBs in combination with the advent of quality standards to satiate growing customer expectations have culminated in the STB market growth.

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Further key findings from the report suggest:

  • Internet Protocol Television (IPTV) 4K STBs accounted for over 20% of the market share in 2015 and are expected to witness considerable growth over the forecast period. Increasing broadband penetration can be attributed as the major reason for the rise in the market share of IPTV 4K Set-top Box devices. The IPTV set top box product segment is projected to gain traction owing to benefits such as integration of TV, PC, home phone, and wireless devices offering a high quality of viewing experience to the end-users.
  • The Asia Pacific 4K STB market was valued at over just over USD 50 million in 2015 and is projected to witness high growth over the next eight years. India is poised to emerge as a lucrative market for UHD STBs with the country expected to witness a CAGR substantially higher than the regional average. Several DTH operators such as Tata Sky, Videocon, and Airtel have launched UHD STBs and are attempting to achieve a higher rural penetration with affordable regional packages.
  • Key industry participants include ZTE Corporation, SAGEMCOM, Arion Technology, Roku Inc., and Infomir LLC. Manufacturers are emphasizing on UHD STBs incorporated with interactive 4K content to gain a competitive edge in the industry.
  • Technology giants such as Apple Inc. have managed to make their mark in this competitive industry. The Apple TV device aids the streaming of (Over-The-Top) OTT content and other videos over the internet. The launch of advanced OTT devices such as Google Inc.’s Chromecast media streaming device and Amazon’s Fire TV STBs have opened up new avenues in the industry.

Satellite-based 4K Set Top Boxes dominated the market

Vendors and service providers are providing several Ultra HD STB variants such as OTT, IPTV, satellite, Digital Terrestrial Television (DTT), and hybrid STB devices. Satellite-based 4K STBs dominated the industry in 2015, acquiring over 30% of the global revenue share.

Although IPTV and OTT services use the internet as a medium to deliver content, their respective frameworks vary, owing to which both differ in content quality and picture delivered. IPTV service is characterized by a higher video quality as the content is transmitted via a network managed by a service provider. IPTV STBs are expected to witness significant growth and are expected to replace other STB and content transmission services.

OTT makes use of the public internet for transporting content that originates form service providers such as Hulu and Netflix, thereby making it cheaper as compared to IPTV and other internet based services. However, unlike IPTV, OTT services do not provide any quality guarantee for media content and do not provide live programming.

The provision of OTT and IPTV services is expected to assist cable operators in the enlargement of their client database over the forecast period. Hybrid STBs are projected to grow at the fastest rate from 2016 to 2024 owing to their compatibility towards multiple streaming and content transmission services.

Grand View Research has segmented the global 4K Set-top Box (STB) market on the basis of product and region:

4K Set-top Box (STB) Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 – 2024)

  • IPTV
  • Satellite
  • DTT
  • OTT
  • Hybrid

4KSet Top Box (STB) Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

3D Animation Market Likely to Reach Beyond $28.31 Billion by 2025

San Francisco, 17 June 2019 – “3D Animation Market Analysis By Technique (3D Modeling, Motion Graphics, 3D Rendering, Visual Effects), By Component, By Deployment, By End-use, By Region, And Segment Forecasts, [2018 – 2025]”

The global 3D animation market is expected to reach USD 28.31 billion by 2025, according to a new report by Grand View Research, Inc. Growing applications of animation in the media & entertainment, healthcare & life sciences, manufacturing, and education & academics industries is expected to drive the market significantly.

The creation of dynamic content and high-end visuals has enabled the biotech, medical devices, and pharmaceutical industries to exploit the benefits of 3D animation. Animation is being used for maximizing sales, as it enables providers to emphasize and focus on the benefits of products and services by delivering an engaging, educational, and entertaining experience to the viewers.

The increasing use of 3D animation technologies is expected to influence the end-use industries positively. In case of medical science, 3D animation techniques are one of the most effective ways for communication as they display the human body in a polygonal form, which cannot be replicated using photography, sketch, and two-dimensional illustrations.

Traditionally concentrated in the developed countries, the 3D animation market has paved its way into the emerging countries such as India, China, and the Philippines owing to the increasing trend of outsourcing animation activities to these countries. In 2016, the North American region accounted for the largest revenue share of the 3D animation market. However, the Asia Pacific region is expected to witness robust growth throughout the forecast period.

U.S.3D animation market

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Further key findings from the report suggest:

  • The 3D modeling segment is expected to account for the largest revenue share by 2025 and register an estimated CAGR of around 10% over the forecast period
  • The visual effects segment was valued at around USD 2.1 billion in 2016, primarily attributed to the increased demand from the media & entertainment industry
  • By 2025, the media & entertainment end-use segment is projected to account for around 35% of the total revenue share
  • In 2016, the North American region accounted for the largest revenue share and is anticipated to retain its dominance throughout the forecast period
  • Asia Pacific is projected to emerge as the fastest growing market since there is a growing emphasis on producing local animated content apart from the outsourced assignments performed by regional firms
  • The key players in the industry include Autodesk, Inc., Corel Corporation, Zco Corporation, Adobe Systems Incorporated, NVIDIA Corporation, and NewTek, Inc.

View more reports of this category by Grand View Research at
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Grand View Research has segmented the 3D animation market into technique, component, deployment, end-use, and region.

Technique Outlook (Revenue, USD Million; 2014 – 2025)

  • 3D Modeling
  • Motion Graphics
  • 3D Rendering
  • Visual Effects

Component Outlook (Revenue, USD Million; 2014 – 2025)

  • Hardware
  • Software
  • Service

Deployment Outlook (Revenue, USD Million; 2014 – 2025)

  • On-premise
  • On-demand

End-Use Outlook (Revenue, USD Million; 2014 – 2025)

  • Media & Entertainment
  • Architecture & Construction
  • Education & Academics
  • Manufacturing
  • Healthcare & Lifesciences
  • Government & Defense
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-3d-animation-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

Crime Risk Report Market Valuation to Excel USD 15.34 Billion by 2025

San Francisco, 4 June 2019 – “Crime Risk Report Market Size, Share & Trends Analysis Report By Type (Financial & Cybercrime, Personal Crime, Property Crime), By Region (Latin America, APAC, MEA, Europe, North America), And Segment Forecasts, [2019 – 2025]

The global crime risk report market size is expected to reach USD 15.34 billion by 2025, registering a CAGR of 21.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Growing threats from internal and external terrorist activities coupled with rising number of financial frauds, such as fraudulent investment scams, Ponzi schemes, illegal online lotteries, and money laundering activities, are expected to drive the market over the forecast period. Crime risk analytics solutions are designed to collect crime data from law enforcement agencies and statistically predict the crime rates for every individual type of crime. The need for such solutions is growing due to increasing crime cases across the world.

Increasing personal crimes, such as homicides and kidnapping, are forcing individuals to consult crime risk report companies. Moreover, property crimes, such as carjacking, burglaries, shop robberies, and gun point robberies, make individuals and organizations take pre-emptive measures. These factors are expected to drive the growth of this market over the forecast period. Quick adoption of new and innovative technologies, such as IoT and Big Data, are increasing the complexities and security challenges regarding networks and systems. This factor is also expected to contribute to the market growth in the years to come.

us-crime-risk-report-market

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Further key findings from the study suggest:

  • The financial & cybercrime segment is anticipated to register the highest CAGR from 2019 to 2025 as the growing monetary losses associated with financial frauds and cybercrimes prompt law enforcement agencies to curb such crimes
  • Asia Pacific is expected to be the fastest-growing regional market recording a CAGR of 23.9% from 2019 to 2025
  • On the other hand, North America is projected to be the largest crime risk report market during the forecast years
  • Some of key companies in the market include CAP Index, Inc.; CCL Ltd.; CORELOGIC; HackSurfer, Intelligent Direct, Inc.; Location, Inc.; Pinkerton Consulting & Investigations, Inc.; Silva Consultants; and Verisk Analytics, Inc.

View more reports of this category by Grand View Research at
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Grand View Research has segmented the global crime risk report market on the basis of type and region:

Crime Risk Report Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Financial & Cybercrime
  • Personal
  • Property
  • Others

Crime Risk Report Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-crime-risk-report-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Digital Marketing Software Market Valuation to Exceed USD 105.28 Billion by 2025

San Francisco, 30 May 2019 – “Digital Marketing Software Market Analysis Report By Deployment (On-premise, Cloud), By End Use (Automotive, BFSI, Healthcare, Media & Entertainment, Manufacturing), By Type, And Segment Forecasts, [2019 – 2025]” 

The global digital marketing software market size is projected to reach USD 105.28 billion by 2025, according to a new study conducted by Grand View Research, Inc., rising at a CAGR of 15.2% during the forecast period. Digital marketing software can integrate multiple digital content delivery platforms so that organizations can plan, design, and execute marketing campaigns on their own.

The software can also be utilized by companies to perform an in-depth and real-time analysis of their marketing campaigns. Proliferation of the internet and surging use of social media is encouraging companies to increase their spending on digital marketing as well as on creating interactive and intuitive digital content, thereby fueling the adoption of digital marketing software.

Digital marketing software enables companies to target a larger audience and improve their customer interaction using multiple sources such as social networking sites, instant messaging systems, and mobile applications. Companies are also deploying the software for targeted advertising campaigns and connecting customers who share similar attributes, which includes location, income, buying patterns, and spending power. It also helps companies in effectively analyzing consumer behavior, buying patterns, and trends across various dimensions.

Market players are observed to focus on development of robust security measures and policies. The primary reason for rising concerns is increasing security threat to customer’s privacy and confidential data, which can potentially hinder the adoption of digital marketing software.

digital-marketing-software-market

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Further key findings from the report suggest:

  • The services segment is poised to expand at the highest CAGR of 15.8% over the forecast period. The demand for various professional services and managed services is likely to increase in line with growing adoption of digital marketing solutions
  • The managed services sub-segment is expected to experience noteworthy growth over the forecast period, owing to additional features, such as remote monitoring and cost-effective management of IT infrastructure through subscription-based pricing models offered as part of managed services
  • Increasing competition is impelling key industry players to undertake various strategic initiatives, such as upgrading existing products, developing new products, striking partnerships, and making acquisitions, in order to strengthen their existing market position
  • Cloud deployment model for digital marketing software is estimated to gain traction over the forecast period due to cost-effectiveness and increased accessibility
  • Stringent government regulations, such as GDPR in Europe, are anticipated to have a significant impact on the adoption of digital marketing software in the region
  • North America is projected to dominate the market throughout the forecast period, reaching a value of USD 46.45 billion by 2025
  • Burgeoning popularity of digital media, particularly in developing economies, such as India and China, offers tremendous growth potential for digital advertising in APAC. Companies in China are increasing focus on e-commerce and mcommerce as an important component of their overall sales strategy
  • Key players operating in the global digital marketing software market include

Adobe Systems Incorporated; Oracle Corporation; IBM Corporation; SAP AG; Microsoft Corporation; Marketo, Inc.; Salesforce.com, Inc.; SAS Institute, Inc.; Hewlett-Packard Enterprise; and Hubspot, Inc.

View     more     reports     of     this     category     by     Grand     View     Research     at
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Grand View Research has segmented the global digital marketing software market based on type, deployment, end use, and region.

Digital Marketing Software Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Software o CRM Software o Email Marketing o Social Media o Search Marketing o Content Management o Marketing Automation o Campaign Management  o Others
  • Services o Professional Services o Managed Services

Digital Marketing Software Deployment Outlook (Revenue, USD Million, 2014 – 2025)

  • Cloud
  • On-premise

Digital Marketing Software End-Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Automotive
  • BFSI
  • Education
  • Government
  • Healthcare
  • Manufacturing
  • Media & Entertainment
  • Others

Digital Marketing Software Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • MEA

Browse                  Press                  Release                  of                  this                  Report:
www.grandviewresearch.com/press-release/global-digital-marketingsoftware-dms-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Data Analytics Outsourcing Market Is Projected to Witness a Fast-Paced Expansion To 2025

San Francisco, 28 May 2019 – “Data Analytics Outsourcing Market Size, Share & Trends Analysis Report By Type, By Application, By End-use (BFSI, Telecom, Retail, Healthcare, Media & Entertainment, Manufacturing, Others), By Region, And Segment Forecasts, [2018 – 2025]

The global data analytics outsourcing market is expected to reach USD 10,321.6 million by 2025, according to a new study conducted by Grand View Research, Inc. The growing need for outsourcing service among organizations to manage growing customer’s data is expected to drive the growth of the market over the forecast period.

Data analytics outsourcing allows the companies to reduce operational costs, enhance decision-making, deliver customized offerings, and improve customer services. Increasing use of social media, increase in data generation, and reduction in prices of data storage are expected to accelerate the market growth. Additionally, growing number of smartphone users worldwide has led to the generation of large amounts of data in the form of voice and text and this is further anticipated to propel the demand for data analytics outsourcing over the forecast period.

The growing awareness about the advantages and improved productivity gained through data analytics outsourcing is expected to drive the market growth. Increasing e-commerce sales across the globe are generating a considerable amount of data that needs to be managed by an outsourcing facility. Increasing adoption of SaaS-based analytics and evolution of Artificial Intelligence (AI) are further anticipated to drive demand for data analytics outsourcing.

Data-analytics-outsourcing-market.png

Most companies across the globe prefer using data analytics to gain insights into large amounts of data through several qualitative and quantitative techniques for expanding market and consumer base. There has been a substantial increase in the data produced by organizations, owing to the expansion of multimedia content, which in turn, is expected to propel the growth of the market over the forecast period.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/data-analytics-outsourcing-market

Further key findings from the report suggest:

  • The prescriptive segment is anticipated to grow at the highest CAGR owing to the emergence of advanced technologies such as Internet of Things (IoT) and big data.
  • The marketing analytics segment accounted a significant market share in 2017. This growth can be attributed to the increasing investment by organizations in marketing analytics-based applications to optimize return on investment and its effectiveness.
  • The BFSI segment is anticipated to maintain its dominance in the market over the forecast period owing to increasing adoption of data analytics outsourcing to minimize risk, reduce costs, and to understand changing consumer preferences
  • North America is expected to dominate the market over the forecast period and is anticipated to reach USD 3,406.1 million by 2025 owing to the growing adoption of marketing analytics by enterprises to offer best services to clients.
  • The key industry participants include Accenture; Associates, Inc.; Tata Consultancy Services Ltd.; Genpact Ltd.; Capgemini; Fractal Analytics Inc.; Wipro Ltd.; Opera Solutions, LLC; ZS Associates Inc.; and International Business Machine Corporation.

View more reports of this category by Grand View Research at
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Grand View Research has segmented the global data analytics outsourcing market on the basis of type, application, end-use, and region:

Data Analytics Outsourcing Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Descriptive
  • Predictive
  • Prescriptive

Data Analytics Outsourcing Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Sales Analytics
  • Marketing Analytics
  • Finance & Risk Analytics
  • Supply Chain Analytics
  • Others

Data Analytics Outsourcing End-use Outlook (Revenue, USD Million; 2014 – 2025)

  • BFSI
  • Telecom
  • Retail
  • Healthcare
  • Media & Entertainment
  • Manufacturing
  • Others

Data Analytics Outsourcing Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-data-analytics-outsourcing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com