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Direct Carrier Billing Market - Forecast(2021 - 2026)

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 Overview

Global Direct Carrier Billing market is forecast to reach $52.7 million by 2025, growing at a CAGR of 10.5% during the forecast period from 2020 to 2025. The rising growth towards digital content platforms along with increased transparency and customer satisfaction are some of the major drivers towards significant market growth of direct carrier billing. Moreover, growing digitalization as well as increasing smartphones user penetration isalso impacting the demands towards direct carrier billing market.


Report Coverage
The report: “Direct Carrier Billing Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Direct Carrier Billing Market.

By Platform Type: Android, Ios, and Windows
By End User: Gaming, Video Content, Movie and Music, Others
By Type: Limited DCB, Pure DCB, Pin or MO based Window, MSISDN Forwarding, Others
By Application: Mobile commerce, web payments, App store and digital content, Others
By Geography:North America (U.S, Canada and Mexico), South America (Brazil, Argentina and Rest of South America), Europe (U.K, Germany, Italy, France and Rest of Europe), Asia Pacific (China, Japan, India, South Korea,Australia and Rest of APAC),RoW (Middle East and Africa)

Key Takeaways
  • Android platforms are expected to have a significant growth during the forecast period in the direct carrier billing market due to purchase options for high end android games.
  • APAC region is expected to have a major growth during the forecast period in the direct carrier billing market due to rising growth of digital platforms and adoption of affordable smartphones.
  • Rising growth towards digital content platforms along with increasing transparency and customer satisfaction are some of the major driving factors towards significant growth of Direct Carrier Billing market.

Platform Type - Segment Analysis
On the basis of platform, Android has been facing high market dominance during 2019 and is anticipated to have a significant growth towards direct carrier billing market during the forecast period. Due to growing affordability of low cost android phones, major market players such as Google and many others have been investing towards providing such billing options across Android platforms. Moreover, many android based games offers access and downloading options only through purchasing of such game applications through online payments,  thus creating major demands towards  direct carrier billing market. Since android devices are more popular, activities such as paying games, entertainment or making shopping purchases is more effective, thus driving the investments towards making direct carrier billing systems within android servers. Moreover, rising online media surfing and digitalization has been equally boosting the growth of direct carrier billing market.


Geography - Segment Analysis
Asia Pacificis expected to have a major growth in the global direct carrier billing market during the forecast period from 2020 to 2025. High investments towards research and development activities along with growing Smartphone penetration has been fuelling the growth for direct carrier billing market in this region. Moreover, availability of affordable smartphones along with growing popularity towards digital content platforms is also causing a positive impact on the market growth of Direct Carrier Billing in this region.Governmental initiatives towards increasing the adoption of digital methods have helped in causing major growth across the region.Growing usage of direct carrier billing systems for reducing the deployment of trading billing systems are  helping in driving the market demands in the region. As a part of governmental scheme towards improving digitalization, India had started with the fuel subsidy program, which was considered as the largest cash transfer program. This program was meant to pay the cooking gas consumers the subsidy directly in their bank accounts, thus helping them to save massive amounts. Such factors are also causing higher adoptability towards direct carrier billing market in this region.

Drivers – Direct Carrier Billing Market
  • Increasing demands towards digital content platforms
Rising demands towards digital content platforms have been acting as a major driver towards the significant growth of direct carrier billing market. With the rising growth of digital media, platforms such as YouTube, Netflix, Hotstar and many others have been highly surging across various countries. Since these platforms offers features like premium options and many more, which offer extra advantages to the users, demands towards online payment modes are getting highly popular. Moreover, such digital platforms are providing proper authentication and easy interface towards digital carrier billing, thus helping the users to easily access their accounts for making payments securely and more safely. Direct carrier billing options are getting highly popular as many of the online payment applications and many others have been offering minimum amounts of gift cards, cash backs and many such benefits for the long time users. Such factors are helping in boosting the demands towards direct carrier billing market.
  • Increased transparency and customer satisfaction
The demands towards direct carrier billing market have been rising due to its capabilities of providing increased transparency and customer satisfaction.With growing digitalization, users are shifting towards online payments due to lesser complexity and acting as a time efficient solution. Traditional options such as checks, drafts and cash are getting outdated as these methods are time consuming as well as require the functioning of governmental bodies. Usage of digital carrier billing solutions have been helping the users to make payments even on the days of bank holidays as well as making bill payments for shopping, electricity, and many others efficiently within a single click, thus improving customer satisfaction. Governmental efforts in order to adopt digital carrier billing to improve digitalization across countries has been also creating its dominance by retailers, shopkeepers and many vendors. Since the interface of the digital carrier billing solutions provide the financial details within a same pace, customers get transparent information regarding their expenses. This helps in keeping a proper track of the payments made by the user along with requirement of carrying high amount of cash while going for travelling, shopping and many others.

Challenges – Direct Carrier Billing Market
  • Security and privacy concerns
Security and privacy concerns are acting as one of the major challenge towards hampering the market growth of direct carrier billing.Since the rate of cyber crimes have been reportedly raising, security threats regarding online mode of payments are creating a major impact on the adoption towards direct carrier billing markets. Deployment of such direct carrier billing platforms provides authentication by securing the bank account details and personal details, any kind of loss of such data can have a negative impact for the end users. Data hacking, frauds and many such serious crimes have been growing as the systems are not highly secured to resist such attacks. Moreover, accessing of such sensitive information has been becoming easier due to technological advancements as well as their incapability of providing more efficient security tools. Such factors are causing lesser adoption of online payment modes prior to high risks and financial losses, restraining the market growth of direct carrier billing.

Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the Direct Carrier Billing Market. The major key players in the Direct Carrier Billing Market include Boku Inc., Bango Plc, Dimoco, Comviva, Fortumo, NTT Docomo Inc., Centili, Google, Orange S.A and Mobiyo.


Partnerships/Product Launches/Acquisition
  • In October 2019, Fortumo had announced of signing a partnership agreement with Vidio for launching direct carrier billing service in Indonesia. With this agreement, vidio introduced the direct carrier billing with combining Fortum’s DCB product, thus helping the digital merchants access all the company direct interactions with mobile operators.
  • In May 2019, Boku Inc. had announced partnership with DAZN in order to allow its subscribers to sign up and pay for services using mobile phones, broadband as well as pay TV accounts. With this partnership, Boku provide direct carrier billing and carrier bundling payment options for the customers of DAZN in paying subscription bills through mobile phone bill, ISP bills as well as broadcast television bill both for cord cutters and traditional TV viewers.

Location: United States

Energy & Utility Analytics Market - Forecast(2021 - 2026)

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 Energy and Utilities analytics are used by companies to track the power consumption of their consumers using technology. The introduction of smart meters and smart grids have enabled energy and utilities providers to allocate services efficiently and minimize costs. The advancement in technology coupled with ever-growing demand for power the energy and utilities analytics market is expected to grow at an assumed CAGR of 13.5% during the forecasting period 2018-2023. Increasing environmental awareness, rising costs and the need for transparency propelled energy and utilities companies to utilize energy smartly.


What is Energy and Utility Analytics? 
Energy and Utilities analytics is the implementation of technology to analyze and provide resourceful insights using the data collected. Until a few years ago, energy and utilities providers applied a traditional single data point system i.e. using a meter to monitor power consumption. Smart meters and smart energy grids have revolutionized the ways information is collected and utilized.  Using these devices data such as utility consumption of water, electricity and waste & recyclables, the peak hours of usage, power shortages and fluctuations, and interactive services are collected and transferred. The major industries where analytics have high potential are Oil, Gas, Electricity, Coal, Nuclear, Renewables and Others.

 Energy & Utility Analytics Market

Market Research and Market Trends of Energy and Utilities Analytics Market 
  • Top level CEOS and industry leaders are increasingly adopting analytics in their daily business operations. Environmental awareness and increasing costs are terms which are heard on a regular basis in this industry. To combat these issues companies are ditching traditional methods and are increasingly opting for smart devices. Major players use analytical tools such as big data, predictive, descriptive, diagnostic and prescriptive to evaluate trends and obtain actionable information.
  • The EnergyIP Analytics Suite service introduced by Siemens helps consumer’s access energy efficiently and effectively. The company uses a metering system and an app to record all the important energy data from their sources. Smart meters and smart energy grids record and transfer data regularly to service providers. With the help of excellence teams and analytics companies are able to understand consumer usage patterns, forecast demand, maintain energy constraints more efficiently, check upon fraud, minimize losses and enhance customer services. Also, many companies are providing full-fledged home automation services, a system is installed at home to track and remotely control all the devices at home. Users can access all appliances from their smartphones and either turn on or turn off depending on their usage without being physically present.

Who are the Major Players in Energy and Utilities Analytics Market?
The key players in the market are ABB, Capgemini, CA Technologies, IBM, Oracle, SAP, SAS, Siemens, Heliopower, Schneider Electric and many others.


What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.  

Location: United States

Augmented Reality & Virtual Reality Market for Retail Industry - Forecast(2021 - 2026)

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 The retail industry saw a huge change when e-commerce gained mass adoption. Retailers could now offer products to new markets at the additional costs of packaging and shipping. However, with AR, the retailers are able to make more stores available without additional staffing or spacing costs. People who couldn’t travel to the physical store had access to a virtual version of the store, where they could view all the products they have previously purchased or looked at.


What is Augmented Reality & Virtual Reality?
Augmented Reality is an “enhanced” version of reality created using technology to add images, information or both into the environment. Virtual Reality is a form of simulated environment created with computer technology. Although similar in concepts, Augmented Reality has been in use for some time, especially in the sports industry. 


What are the applications of Augmented & Virtual Reality in the Retail Industry?
Augmented Commerce is currently being used by various retailers to sell their products such as IKEA (Furniture), Converse (Shoes), Sephora (Cosmetics) etc.

Augmented Commerce could be used by organizations to allow consumers to have a look at the digital twin of a product, and even try on some of the products such as in fashion, for example:  users can view and try on clothing, jewelry, shoes and cosmetics based on the measurements and other parameters.

 Augmented Reality & Virtual Reality Market for Retail Industry

Market Research & Market Trends:
  • Facebook integrating augmented reality ads into its application and users may view fashion goods such as eye glasses and shoes, and try them on virtually. More companies might begin advertising their products using social networks as it has a wide reach and does not require additional staffing or renting costs.
  • Google invests in JD.com, a Chinese ecommerce giant with AR technology. More major tech companies will attempt to enter the market through acquisitions of AR startups as it may seem more feasible than developing through R&D.
  • EBay was one of the first movers in the market, when the industry began developing applications for this technology.  The companies with virtual stores will have wider reach as compare to those that don’t, and may even reduce the need of stores.
  • Topshop Kinect Dressing Rooms and similar applications may make dressing rooms obsolete in the near future. Although not all people are comfortable with online apparel shopping, we can see some shops may reduce their dressing rooms to avail more shelf space. 


Who are the key players in the Augmented & Virtual Reality in Retail Market?
The key players in the Augmented & Virtual Reality Retail Market are Ikea, Facebook, Sephora, BMW, Harley Davidson, Sotheby, etc.

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

Location: United States

Artificial Intelligence Market In Insurtech - Forecast(2021 - 2026)

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 The Insurance market is expected to grow at CAGR over 38% during 2018-2024.The global Artificial Intelligence in market is expected to grow by 2018-2024 the CAGR of 40 %. The driving force of Insurtech is product innovation and transforming customer and employee experience. Data play major role in Insurtech industry so that Insurance is adopting new data model and analytics to identify and quantify the risk in better way. The Partnership between Insurtech and Fintech is also propelling AI in Insurtech.


What is Artificial Intelligence in Insurtech?
Insurtech is use of technology and innovations to squeeze out the time and saving from current insurance model. Computer science use to create intelligent machines that function like human brain is called Artificial Intelligence. AI computers perform functions like human such as learning, decision making, planning, and speech recognition. In Insurtech sector Artificial intelligence plays very major role. It reduces time, increases efficiency and also decreases the chances of error.AI is very helpful in generating high volume of reports.  


What are the applications of Artificial Intelligence in Insurtech?
AI could help Insurtech to deliver quality services effectively with maximum customer satisfaction. AI’s analytical feature can guide customer while buying policies incorporating their premium preferences. In case of property damage AI’s image processing feature play important role in calculation of claim based on algorithms. AI can detect the fraudulent cases easier and is more reliable. 
In auto insurance industry carriers are provided with black box, which record the frequency, times of driving, mileage and driving style.  On these basis customer is given discount on their premium.
In Insurtech AI is used as Chatbots, customer care executives and policy manager also.



Market Research and Market Trends of Artificial Intelligence in Insurtech:
  • A US based startup “Haven Life” has started an innovative way to sell life insurance online through Facebook chatbot. This chatbot not only educate customer about cost of policy as well as tackle their misconception about insurance industry.
  • One of large player in the industry, Liberty Mutual is experimenting an app which allow drivers to click the pictures of damage after accident through their smartphone. App’s AI component could provide the specific damage cost estimates much faster than traditional insurer.
  • Lemonade founded in New York, offering insurance to homeowners and renters powered by AI and behavior intelligence. Lemonade offers zero paper work and instant policy generation and policy claim.
  • Bancassurance: Insurers have the opportunity to develop highly customer centric plan using payment service directive. By assessing customer’s bank account, insurer can get the real time overview of customer’s buying behavior. With this information it will be easy for insurer to customize the plan. This will not only reward customer it will increase more opportunity for insurance companies too. 

Who are the Major Players in Artificial Intelligence in Insurtech Market?
The companies referred in the market research report are Cognizant, Next IT Corp. Kasisto and 10 other companies.

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

Location: United States

Blockchain Market in Retail - Forecast(2021 - 2026)

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 The worldwide Blockchain Market in Retail market is expected to grow at a CAGR of 52% during the forecast period i.e. from 2018 to 2023. The increasing adoption of Blockchain Market in Retail has multiple application areas, which refers to the technology it maintains and manages the distributed database of transaction between different parties including suppliers, manufactures, or customer involved or related to the business. The market has also been segmented on the basis of type such as public, private and consortium Blockchain.


The worldwide Blockchain Technologies in Retail market is going to penetrate deeply into all the industries verticals. It shows tremendous result or potentials for customer services more efficiently thus increasing trust and goodwill. The growth of the worldwide blockchain in retail market is driven by extension in demand for transparency related to product origin or processes and rise in need to reduce the duplicate record keeping. These all advanced block chain solutions are projected to drive their adoption in retail market thereby fueling the overall market growth.

What is Blockchain Market in Retail?
About Blockchain, it is a distributed ledger technology which keeps the digital data record of transactions to share with multiple participants in a business network. Blockchain is not controlled by any third party. Rather anyone can read, write, and can hold a copy of it. This technology provides protect from the untrusted agreement in a common virtual records. Blockchain technology solves this problem without using a trusted intermediary. This report assimilate an in-depth assessment of Blockchain in Retail market by type, applications, and geography. 
Blockchain in Retail Market have lot are to work like Improving trust and transparency by which chronological data  provided by blockchain help customers to keep track of every point of supply chain, validity of brands for customers who are brand conscious are always facing the fear of weather the product is being sold is original or replica, supply chain and inventory management where blockchain manage supply chain and inventory management for retailers without hassle, payments and E-commerce, automated customer service. 


What are the applications of Blockchain Market in Retail?
The government’s position in enforcing blockchain-based totally transactions is steadily increasing to enhance business decisions, ease of compliance and regulations management, and decrease the overall costs. 
All the transactions are recorded in sequential order and provides transections to every connected users. The growth of the worldwide retail market is driven by growth in demand for transparency related to the product origin. Other factors that fuel the market growth including quick digitalization and minimize total cost of ownership.



Market Research and Market Trends of Blockchain Market in Retail:
  • Retailer (Outlets) face steep challenges inside the form of limited supply visibility that reasons volatility, customer who are conscious they demand sustainable product, increasing call for product authenticity, and bulk transaction fee from third party payment processors. Added to that is the counterfeit products that reduce original sales volumes and dig the brand value. For that, there’s no solution for solving the industry’s many challenges. Here is how blockchain will help the retailers to address some challenges. Transparency and visibility of goods in supply chain by using the shared ledger track and trace goods in the value chain.
  • Now a days online shopping is the fastest growing sectors of the retail industry which is also known as ecommerce. If we think about a business without centralized supplied chain, un-altered logistics, exorbitant fees, or presenting clients to unsafe transactions. This is exactly what a blockchain system offers for your E-commerce business.
  • The blockchain is guaranteed to modification the means the retail business operate. By 2021, 25% of the Global 2000 can utilize Blockchain edges as an institution for digital trust. The time has come back to begin your Blockchain travel currently.

Who are the Major Players of Blockchain Market in Retailmarket?
The major players in this market are Abra, AlphaPoin, Bitfury Group Limited, and 7 other companies.

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

Location: United States

Route Optimization Software Market - Forecast(2021 - 2026)

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 The Global Route Optimization Software Market is estimated to reach $10.9 billion by 2025, growing at a CAGR of 14.8% from 2020 to 2025. Route optimization software plans, schedules and calculates the most efficient vehicle route by saving time and money along with efficiency. Route optimization software is very important when there are multiple stops to make, several client meetings and product deliveries. This software helps in avoiding traffic congestion as it utilizes scenario testing and historical data through which it can predict which route is slowest or busiest. Owing to the better route planning, efficiency, time saving and other business ease it is widely used by the various end users driving the growth of the market. 


Increased profitability, reduction in wastage of time, improved efficiency by reduction of fuel wastage through better route optimization and surge in growth of transportation and service dispatchers are some of the factors responsible for projecting to propel the significant growth of the market.

Key Takeaways
  • The cost related benefits, real-time tracking through GPS, optimization of distances, delivery without wastage of time along with less fuel consumption are driving the growth of Route Optimization Software Market.
  • Clod-based deployment is dominating the market owing to benefits of real-time tracking through GPS, reduced shipping costs and improved efficiency along with rising internet penetration are fueling the growth of the market.
  • APAC is expected to dominate the global Route Optimization Software Market in the forecast period 2020-2025 owing to the demand for optimized software for better business opportunities, growing vendors and growth in small and medium enterprises.
By Deployment- Segment Analysis

By Deployment the market is segmented into cloud based deployment and on-premises deployment and hybrid deployment. Cloud-based deployment is witnessing a significant growth in the market owing to the reduced shipping costs and improved efficiency. Through the cloud-based deployment distributors have one tool for road planning and another for GPS mobile tracking and third to track idle time, routing and others all connected in a cloud through high speed internet which makes the delivery of goods and services more efficiently and on time. Cloud-based deployment helps to provide exact data in real time. Furthermore, cloud based solutions requires less capital expenditure thereby fueling the growth of the market.


By Organization Size - Segment Analysis

By Organization size Route Optimization Software Market is segmented into Small & Medium enterprises and Large Enterprises. Large Enterprises are dominating the market owing to the surge in adoption of route optimization software tools due to the availability of more resources (software) and planning methods as compared to the small and medium enterprises. One of the end users like logistics service providers has maximized their transportation performances and profitability through route optimization planning and software. The large enterprises are becoming more aware methods that concern taking shipments from one point to another. Large enterprises are using the route optimization software in a more planned manner to fulfill the demands of the customers in a fastest and cost effective manner. These factors are driving the growth of the market.

Geography - Segment Analysis

Global Real Estate Software Market is dominated by APAC region with a market share 36.4% in 2019. APAC is expected to dominate the market owing to the growth in e-commerce, rise in internet penetration, rise in logistics service providers and others. In countries like India, China, Indonesia, Malaysia and other APAC region countries there is growth in internet use and e-commerce services which are giving rise to most of the end user segments who are using route optimization software for better business performance and meet the customers demand. In the country like India, the retail services, logistics service providers are largely contributing towards the counties GDP. Owing to which these sectors are using route optimizing planning methods and software to improve their performance and business. Furthermore, the increase in use of e-commerce has also contributed towards the growth of route optimization software as in most of the developing countries e-commerce is used widely for business purposes. According to the United Nations Industrial Development the global increase in e-commerce use has increased. In 2014 it was 7.40% and in 2020 14.60%. These factors are boosting the growth of the market.

Drivers – Route Optimization Software Market
  • Rise in internet penetration globally:
There is rise in internet penetration globally have influenced the use of route optimization software, cloud based deployment, on-premises deployment and others widely. Owing to the fast internet various enterprises can use route optimization software which helps them choose correct route efficiently. Real-time delivery of goods and services are all possible owing to the fast internet. According to statista, internet user worldwide is 4.13 billion among which china has the biggest number of internet users that is 854million and 293million internet users in United States in 2019. Owing to these rising internet users there is rise in route optimization software across the globe.
  • Surge in adoption of route optimization software owing to several benefits:
The adoption of route optimization software has enabled not only in the reduction of cost but also fulfilled the constraints and eliminated the penalties due to delay. The installation of route optimization software has led to reduce in overall distribution costs, total time fuel consumption. Furthermore, the enterprises installing route optimization software could handle more customer requests without investing much in vehicle. Owing to the surge in adoption of this software the split orders and external transports can be eliminated. Real-time tracking of the vehicles is also possible through the GPS tracking by using this software. These factors are driving the growth of the market. 

Challenges -Route Optimization Software Market:

Multi- route issues, potential security issues:

Some of the route optimization software available that does not require payment is generally deployed by small and medium enterprises and small vendors. These software provides only route facilities from one place to another and not all the places that are multi-route facilities. These route planners are not always secure to use as they are based on open source code. Furthermore these route planners do not have ease of installation. These route planners are offering very less functionality hindering growth of the market.


Market Landscape

Launches, acquisitions, and R&D activities are key strategies adopted by players in the Route Optimization Software Market are given in this report Route Optimization Software Market is dominated by major companies such as Evreka, Onfleet Software Company, Best Mile Sarl Software Company, Arundo Analytics, Inc, Paragon Software, ALK Technologies, PTV Planung Transport Verkehr AG, Fleet Up, Inc., Routeware, Inc.among others. 

Acquisitions/Technology Launches
  • March 4, 2019- Fleet Up, Inc partnered with Route4Me, the world’s most popular route planning software for small businesses. The partnership provided the ability to manage the planning, optimization, tracking and analysis phase of any logistics intense business.  
  • April 9, 2019- Routeware, Inc acquired Easy Route, Inc. The acquisition integrated the offerings of both the companies which include in-cab computers, route management software and software based route optimization to operate residential, commercial and roll-off fleets.

Location: United States

Cyber Security Market In Government - Forecast(2021 - 2026)

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 The global Cybersecurity government market is projected to reach at an estimated CAGR of 14% during the forecast period i.e. 2018-2023.The cyber security government market will be providing services to all the departments which basically handles very sensitive data. The major sectors which require cyber security services would be Defense, Banks which are run by the government and Law enforcement agencies.


What are the challenges of Cyber Security Market in Government?
The data which the government handles is far more sensitive and vulnerable when compared it with other data’s of a private company. The main challenge here would be other countries paying money to their trained hackers to gain data of a particular country. The main reason for the downfall of cybersecurity in the government sector would be due to the budget constrains as well as poor IT infrastructure. This make their systems vulnerable and easier to be hacked. The other reason is that most of the companies are trying to sell commercialized to the government agency. These companies are not building security application based on their need, government agency require a safe platform where they can safely share the information.

What are the reasons for a Cyber Security in Government?
In this era of digitalization, even government is trying to move its operations or mode of working. This means government will be handling, working and storing those data over systems or some cloud based technologies. This can be a major threat if the security standards are not properly met and it is the most affected sector when compared it with private organization. The loss of these data will a cause of damage to the society. For example cyber criminals stole somewhere around 20,000 of patient record from Henry Ford Health system. The data consisted of value inputs such name , address , bank details etc. In order to stop these cyber breach or attack government organization is showing keen interest in setting up high level security protection. They are trying to adopt and work on solutions like Identity Access Management and Unified Threat Management.


Market Research and Market Trends of Cyber Security in Government:
  • The Modernizing Government Technology Act is said to provide additional funds to the government agencies in order to improve their legacy system, but the government was asked not to completely rely on the funds but also find ways to operate.
  • US government has spent around $1.7 billion dollars on Department of Homeland security for the financial year 2019 to develop an enhanced cyber security system
  • The government of India is trying spread awareness on cyber security by conducting seminars in schools and workshops in colleges and companies.

Who are the Major Players Cyber Insurance Market?
The companies referred in the market research report are XL Catlin Group Limited ,American International Group, Axis Holding capitals , GSK Insurance and 10 other companies.

What is our report scope?
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Software Development AI Market - Forecast(2021 - 2026)

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 The market for Software Development AI is forecast to reach $580.4 million by 2025, growing at a CAGR of 22.5% from 2020 to 2025. Software sector is booming primarily due to the implementation of ground-breaking and useful artificial intelligence technologies. Growing interest in artificial intelligence such as expert systems to solve the project's problems and make the code in understandable format far simpler leads to the growth of the artificial intelligence market in software development. The market is witnessing growth due to the reduced efforts, time and cost of the software application being aided by artificial intelligence. 


Report Coverage
The report: “Software Development AI Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Software Development AI Market. 

By Programminng Language – Python, R, Lisp, Prolog, Java, Others
By Development Phases – Planning, Knowledge Acquisition and Analysis, System Evaluation
By Approaches - Natural Language Processing Techniques, Neural Networks, Fuzzy logic, Ant Colony Optimization (ACO), General Algorithm, Tabu Search, Bee Colony, Data Mining, Others
By Application – Expert System, Project Management, Others
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways
  • Growth in big data and increasing digitally connected customers are majorly driving the software development AI market.
  • Asia - Pacific has dominated the market share in 2019 due to the technological advancements and increasing adoption of deep learning and NLP technologies in this region
  • Expert systems application is analysed to grow at highest rate owing to the exploration of asset tracking applications for these systems.
  • As AI technology is still in its early stage of product life cycle, the workforce possessing in-depth knowledge of this technology is limited, which is a major hindrance in the market growth. 

Programming Language – Segment Analysis
By programming language, the Software Development AI Market is segmented into python, R, Lisp, Prolog, Java and others. Python language held the major share in 2019 as it is being used by majority of the developers for software development. It is the most preferable language because of its syntax simplicity and versatility. Python is very encouraging for machine learning for developers as it is less complex as compared to C++ and Java. It also a very portable language as it is used on platforms including Linux, Windows, Mac OS, and UNIX. It is also likable from its features such as Interactive, interpreted, modular, dynamic, portable and high level which make it more unique than Java. All the above factors are majorly contributing towards booting the demand for python in software development AI market.

Application - Segment Analysis 
The various end users assessed include expert systems and project management. Expert system application is analysed to be witnessing significant growth rate during the forecast period 2020-2025. A broad range of asset tracking applications for creating expert systems which are currently being explored includes defining and identifying the issues, determining and offering the set of examples which are rising the market of the Artificial Intelligence in Software Development and estimated to have huge growth during the forecast period. The capital expenditure of major companies in the creating expert systems and project management has also escalated significantly since the last decade.

Geography - Segment Analysis
By geography, Asia – Pacific segment is expected to gain the highest market growth during the forecast period 2020-20205. China, Japan, Australia, and India are among the major countries driving the AI market in APAC. The increasing adoption of deep learning and NLP technologies in finance, agriculture, marketing, and law applications is also driving the market in this region. Growing e-commerce, online streaming, and increasing internet penetration have resulted in the growth of marketing industries. Marketers are now looking for more sophisticated and state-of-the-art marketing software solutions for large and ever-growing consumer base. This has resulted in the adoption of AI-enabled software solutions for marketing. In security, with increasing incidents of cyber-attacks and a growing cyber-war in the region, organizations and governments are focusing on robust defense infrastructure. APAC, especially China, Japan, and South Korea, is considered the largest market for industrial robots. Industrial robots generate a huge volume of data and numerous software, which is used for training robots. This would act as one of the major drivers for the artificial intelligence market in APAC.

Drivers – Software Development AI Market 
Growth in Big Data and Increasing digitally connected Customer
Big data and artificial intelligence market are becoming part of business organizations driven by the availability of data from sources such as the Internet of Things (IoT). Nowadays, companies are striving to analyze the consumer data obtained from CRM systems, product reviews, and media comments to understand their customers at a granular level, making their marketing more targeted and effective. Traditional software development is not designed to support the changes, involving a series of successive stages including manually writing code, preparing requirements, designing software, and testing to establish that the final product meets specifications. Artificial intelligence (AI) is disrupting this process by creating scalable and efficient workflows to drive productivity and reduce time-to-market. Though many software companies are still in the early stages of AI application, the use of the technology is growing steadily across the enterprise.

Challenges – Software Development AI Market
Lack of Quality Tools and Expertise
The most significant barriers AI and machine learning developers’ face in improving AI app development also include the cost of materials and lack of necessary skills or training. Just 10% are having to deal with the challenges of working with and integrating into legacy systems, a finding that indicates AI and machine learning app development is happening in relatively new business units and development centers. Professional services of a data scientist or a developer are needed to customize an existing ML-enabled AI service. As AI technology is still in its early stage of product life cycle, the workforce possessing in-depth knowledge of this technology is limited. Thus, the impact of this restraining factor will likely remain high during the initial years of the forecast period of software development AI market.

Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Software Development AI Market. Software Development AI driver market is expected to be dominated by major companies such as N-iX, QBurst, Intellectsoft, Softserve, RapidMiner, KONUX, and AI Foundry among others.


Acquisitions/Technology Launches/Partnerships
  • In May 2020, The US Air Force (USAF) has launched a competition to design the artificially intelligent software, called Skyborg, that would control its planned fleet of loyal wingman unmanned air vehicles (UAV)..
  • In May 2020, Microchip Technology Inc. has developed its VectorBlox Accelerator Software Development Kit (SDK) based on AI that helps developers take advantage of Microchip’s PolarFire FPGAs for creating low-power, flexible overlay-based neural network applications without learning an FPGA tool flow.

Location: United States
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