GMI Research

Software Defined Security Market The Software Defined Security Market is projected to reach USD 4,990 million by 2027, growing at a CAGR of 33.1% over the forecast period (2020-2027). The factors driving the growth of Software Defined Security Market includes increasing use of Software-defined security (SDS) models in the end-use industries such as Telecommunication, Banking, and Insurance, increasing number of mobile devices and rising trend of Bring Your-Own Device (BYOD). According to the report published by Statista, the total number of operational mobile devise worldwide stood at 15 billion in 2021 and is further projected to reach 18.22 billion by the end of 2025, which will boost the Global Software Defined Security Market in the approaching years. Moreover, the increasing concerns related to automated and virtualized infrastructure and rise in the number of cyber-attacks across the globe, are some of the additional factors supplementing the market growth. In addition, the Sof...

  Enterprise Asset Management Market The Enterprise Asset Management Market Share was valued around USD 3,000 Million in 2019 and is projected to expand at a CAGR of 8.7% over the forecast period (2020-2027). The factors driving the growth of Enterprise Asset Management Market includes growing adoption of modern asset management methods by enterprises, increasing demand for 360-degree view of assets and proliferation of IoT enabled devices around the world. According to the report published by Statista, the number of Internet of Things (IoT) based devices globally, were estimated around 11.3 billion in 2021 and are projected to reach more than 29 billion by the end of 2030, which will boost the market growth in the approaching years. Moreover, the integration of Artificial Intelligence (AI), data analytics and Big Data in the business processes, rising digitalization around the world and increasing penetration of smartphones and laptops, are some of the additional factors supplem...

  Aircraft Lighting Market The Aircraft Lighting Market is projected to expand at a higher CAGR during the forecast period (2020-2027). The factors driving the growth of Aircraft Lighting Market includes growing demand for commercial aircrafts and helicopters around the world, increasing number of airports and rise in the frequency of air travel. According to the report published by Bloomberg, the Global Commercial Aircraft Market was valued at USD 128.21 billion in 2020 and is projected to reach USD 192.76 billion by the end of 2030, growing at a CAGR of 4.2% over the forecast period, which will boost the Aircraft Lighting Market share in the coming years. Moreover, the increasing Government expenditure on the military aircrafts across the globe, technological advancements in the aircrafts, rising demand for luxurious travel experience, rapid urbanization and growth in the air passenger traffic, are some of the additional factors supplementing the Aircraft Lighting Market size ...

  IoT Integration Market The IOT Integration Market is expected to grow at significant CAGR during the forecast period (2020-2027). The factors driving the growth of IOT Integration Market includes emerging need for automation in the end-use industries such as Oil and Gas, construction, Automotive and textiles, increasing number of smart buildings and growing trend of BYOD Culture in the organizations. According to the report published by Bloomberg, the Global Smart Building Market is anticipated to reach USD 108.9 billion by the end of 2025, growing at a CAGR of 10.5% over the forecast period, which is expected to boost the IoT Integration Market size in the approaching years. Moreover, the growing adoption of IPAAS, increasing demand for connected devices and rising advancements in new technologies such as Artificial Intelligence, cloud services and machine learning, are some of the additional factors supplementing the market growth. In addition, the increasing Government ...

  Electric Motor Market The Electric Motor Market is anticipated reach USD 180 Billion by 2027, growing at a CAGR of 6.3% over the forecast period (2020-2027). The factors driving the growth of Electric Motor Market includes increasing electricity consumption around the world, growing focus on renewable sector, penetration of robotics and increasing sales of passenger vehicles. According to the report published by Statista, in 2021, around 56.4 million passenger cars were sold in the international markets, increasing by 5% year-on-year. China emerged as the world's largest regional market for automobiles in 2021, which is expected to boost the Global Electric Motor Market in the approaching years. Moreover, the increasing demand for Heating, ventilation, and air conditioning (HVAC) systems in the residential and commercial areas along technological advancements in the battery technologies, are some of the additional factors supplementing the Electric Motor Market size. In addi...

  Cloud Billing Market Cloud Billing Market was estimated at USD 2,517 Million in 2019 and is predicted to witness a CAGR of 16% over the forecast period, owing to the rising adoption of cloud computing. Cloud billing solutions offer safe services, cost advantages, scalability, and operational efficiency. Request For a FREE Sample Report on Cloud Billing Market Cloud billing solutions tracks third-party billing, reduces services costs and licensing costs, better mobility, extensibility, and enhanced customer relationships. As per the Software Alliance, the BSA, and a member of the International Intellectual Property Alliance, cloud computing is projected to witness 60 percent increase through 2020. This is likely to offer huge opportunities to the market. Growing demand for cloud and web-driven network software and solution, growing demand for converging billing solutions has propelled the market share. However, the huge installation cost and expensive maintenance might hamp...