Biometrics Middleware Market Witness Highest Growth in near future

According to a new Fact.MR research, biometric middleware continues on its upward spiral, with a revenue difference in 2018 over 2017 estimated at nearly US$ 150 Mn. Growth of the biometric middleware market will remain influenced by myriad factors ranging from adoption of convenient security solutions to demand for real-time data processing that influences prospects of the end-to-end biometric service landscape.

BFSI - Fast Adopter of Biometric Middleware

Evolving requirements of end-users in the banking, financial services, and insurance (BFSI) sector have led biometric service providers to focus on the provision of BaaS model to clients. The prominent challenge of high upfront capital investment, which constrains adoption of biometric technologies in the BFSI sector, is offset by focus of service providers to offer subscription-based and predictable model.

Fact.MR study opines that, albeit revenues from sales of biometric middleware in the BFSI sector have been relatively low, demand and adoption are likely to fast gain momentum in 2018. A revenue growth of over 20% is foreseen for the biometric middleware sales in the BFSI sector in 2018.

As vendors put more efforts on the improvement of security apparatus, cyberthreats apropos of BaaS are likely to be ebbed in the foreseeable future. Prospects of BaaS model are expected to be promising, which in turn will boost the adoption of biometric technologies, thereby creating remunerative opportunities for the biometric middleware developers.

Multimodal Middleware Gains Increased Palpability

Enterprises operating in myriad industrial domains have increased their reliance on the biometric technology wherein implementation of multi-modal biometric systems is gaining rapid momentum. Multimodal biometric systems are witnessing widespread acceptance among end-users, owing to their convenience and greater security, despite involvement of relatively more resource- and time-intensive. The market is now witnessing a spur in number of biometric middleware vendors, trailing the rise in incorporation of the multimodal biometric systems.

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Biometric middleware market is estimated to grow on the triumvirate of services, communication & media, institutions, and manufacturing sector. These end-use industries are collectively estimated to account for nearly three-fifth share of the biometric middleware market in 2018.

“Conglomeration of exponential technologies, biometric systems involve significant investments, which in turn deem relevant services cost-intensive. While large organizations have retained their supremacy in terms of revenues from biometric systems, adoption of the technology in small and medium-sized enterprises (SMEs) has remained sluggish, despite their widespread global occupancy,” says a lead analyst at Fact.MR.

“Digitalization is underway, however deficiency in the technology infrastructure continues to be a yet-to-be-achieved milestone, confining the penetration of biometric technologies, and thereby biometric middleware,” adds the analyst.

Government sector has remained a key growth area for the biometric middleware vendors. Growing emphasis on security has led to rapid adoption of biometric technologies in airports, thereby driving sales of biometric middleware. Adoption of biometric middleware is also gaining ground in the military and law enforcement, with advancements in the facial recognition technology resulting in more efficient policing. With the interest and adoption of biometric authentication increasing at a notable pace, it is highly likely that future prospects will be bright for biometric middleware market.

Fact.MR’s report also offers insights and forecast of the biometric middleware market for the period between 2018 and 2027. The report envisages the biometric middleware market to record a spectacular CAGR of over 17% through 2027

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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SAP Cloud Platform Services Market Growth, Trends, Opportunities and Forecast to 2028

Fact.MR foresees that the sales of SAP cloud platform services are estimated to jump by 1.2x in 2018 over 2017, with the overall SAP cloud platform services market crossing a valuation of over US$ 160 Mn in the year. Fact.MR report envisages that the SAP cloud platform services market is likely to stay bullish on back of remarkable growth prospects in the following years, with growing small and large scale enterprises venturing into SAP cloud platform services to enhance business performance.

“To enhance global footprint and improve sales of SAP cloud platform services, participants such as SAP SE are entering into strategic collaborations and partnerships across major countries worldwide. Considering the present scenario of increasing partnerships it has been possible to develop new sales funnels for SAP cloud platform services, which in turn is expected to fuel the market valuation of SAP cloud platform services in the forthcoming years.” – Lead Analyst, Fact.MR IoT and Cloud Computing, ICT Domain

Few Takeaways Highlighted in the Report

End users of SAP cloud platform services continue to showcase higher preference for strategy and consulting services; POC (Proof of Concept) service likely to gain high traction

Small and medium enterprises to pave potential growth avenues for SAP cloud platform services vendors worldwide; large enterprises showcase a steadily growing inclination towards cloud services

IT and telecom industry account for a higher share of the SAP cloud platform services market in 2017 followed by BFSI sector

Consumer goods & retail and manufacturing sectors to showcase increasing preference in SAP cloud platform services in 2018

United States to remain an attractive market for SAP cloud platform services accounting for over 30% revenue share of the overall market in 2017

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Small and Medium Enterprises (SMEs) Emerge as an Attractive End User

Small and medium scale enterprises are emerging as lucrative end users with respect to SAP cloud platform services adoption, says the report. Small and medium businesses are largely focusing on cloud computing services owing to relatively low cost associated with cloud computing as compared to on-premise deployment and SAP cloud platform services are no exception. The report estimates that the SAP cloud platform services market revenue generated from small and medium enterprises is likely to cross US$ 100 Mn by end of 2018.

On the other hand, relatively lower revenue generation has been observed across large enterprises on account of early adoption of on-premise deployment that is pre-planned. Moreover, affordability quotient of on-premise deployment services by large enterprises is high as compared to SMEs. However, SAP cloud platform services are likely to gain higher traction across large enterprises in the future, according to the report.

Preeminence of Americas Region to Prevail in the SAP Cloud Platform Services Marketplace

Sales of SAP cloud platform services are likely to remain concentrated across Americas, particularly the United States. Macroeconomic factors such as significant economic growth and high GDP coupled with growing cloud computing infrastructure and presence of key SAP cloud platform services vendors have influenced sales in the country.

Countries in the Asia Pacific, particularly Japan, are likely to showcase increasing inclination toward use of SAP cloud platform services. The report projects that the demand for SAP cloud platform services across Japan, India, China and Australia is expected to grow at a stellar pace. Of these countries, albeit at a lower base apropos of revenue generation, India is likely to project potential growth prospects for SAP cloud platform services, according to Fact.MR report.

Overall, the outlook for SAP cloud platform services market remains bullish in the forthcoming years, with the market expanding at a value CAGR of 29.5% throughout the period of assessment, 2018-2028

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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G Suite Technology Services market Growth, Trends, Opportunities and Forecast to 2028

G Suite technology services market reported a revenue generation of nearly US$ 214 Mn in 2017 and is expected to witness a 1.2x growth in 2018, according to Fact.MR estimations. Overall market growth is likely to be driven by,

Growing emphasis on the utilization of business productivity tools

Small and medium organizations leveraging concise and affordable business solutions offered by Google Cloud

Ongoing cloud migration across industries

Identification of collaborative tools’ potential in increasing employee productivity

Apart from its cloud-first nature, Fact.MR says that steadily rising adoption of G Suite technology services can be attributed to the ongoing industrial transformation in terms of digitalization, cloud migration and implementation of cognitive AI solutions.

“Demand for business productivity tools is set to rise in the coming decade on the back of increasing appetite of businesses for smarter and remunerative approaches. While larger organizations are already witnessing active utilization of productivity tools, small and medium enterprises are likely to look for G Suite technology services that fit well in their tight budgets”, says a senior analyst at Fact.MR.

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According to Fact.MR study, small & medium enterprises have been prominent end-users of G Suite technology services. In 2018, revenues from small & medium enterprises are likely to surpass US$ 190 Mn, whereas utilization of G Suite technology in large enterprises is estimated to grow 1.2x in 2018.

Fact.MR analysts added that among various services offered by G Suite technology, adoption of design and deployment services continues to register largest revenues.

Retail Industry at the Forefront, Education Sector Follows Closely

Retail solutions offered by G Suite technology are gaining traction among businesses. The retail industry is likely to register a bulk of demand for G Suite technology services and is expected to account for nearly US$ 36 Mn in 2018. The study suggests that the G Suite technology is highly sought after by the education industry and around 80 million students across the globe are using G Suite technology services. In 2018, the education industry will hold nearly 13% of the global revenue.

North America Continues to Spearhead with Nearly 63% Revenue share in 2018

Fact.MR proposes that buoyancy in the small and medium businesses in the United States, which according to the Office of Advocacy accounted for 30.2 million businesses in 2015, is likely to contribute to the leading utilization of G Suite technology services in 2018. The study estimates that North America will account for over 63% of the global revenues in the G Suite technology services market in 2018.

Europe is estimated to register the second largest demand for G Suite technology services. Fact.MR study shows that Europe businesses will continue to register a significant demand for G Suite technology services despite GDPR compliance issues, as G Suite added security tools giving the users an opportunity to choose their data storage location. 

The study opines that the media and advertising industry is expected to outsell the education and retail industries in terms of G Suite technology services revenues by 2028. The Fact.MR report tracks the G Suite technology services market for the period 2018-2028. According to the report, the G Suite technology services market is likely to grow at an impressive rate and register over 26% CAGR through 2028.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Blue Prism Technology Services Market Growth, Opportunities, Industry Analysis & Forecast To 2028

According to the Fact.MR report, volume sales of the Blue Prism technology services is envisaged to increase by 35.6% in 2018 over 2017. The report remains bullish on remarkable growth prospects of the Blue Prism technology services market through 2028, as diverse end-user industries are willing to make long-term investments in Blue Prism technology services to expand their productivity.

As a majority of mainstream enterprises are concentrating their efforts on acquiring and expanding their RPA initiatives, the Blue Prism technology services market is drawing attention of various industrial sectors.

Vendors in the Blue Prism technology services market are introducing advanced Blue Prism technology services that enable end-users to incorporate innovations in intelligent automation. Along with advanced features, offering greater flexibility, scalability, security, and control to their Blue Prism technology services remains a major focus for Blue Prism technology services market players.

Rising Popularity of RPA Tools across Diverse Industrial Sectors Complements Market Growth

The enterprise-wide digital transformation is boosting adoption of automation tools, such as Blue Prism technology services, across multiple industrial sectors. Growing needs for RPA tools to improve business efficiency and productivity of white-collar processes attracting a wide range of industries, such as transportation & logistics, IT & telecom, and Banking, Financial Services & Insurance (BSFI), to invest in Blue Prism technology services market.

“RPA tools or software are robots integrated with a variety of Blue Prism technology services and are used to replace human workforce with digital workforce in various industries. Depending on the specific end-user requirements, vendors in the Blue Prism technology services market are modifying features of RPA tool using specific Blue Prism technology services to expand their reach across industrial sectors. Blue Prism technology services market players are expanding their partner ecosystem to leverage the dramatic rise in adoption of RPA tools and gain momentum in the Blue Prism technology services market,” says a senior analyst at Fact.MR.

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Adoption of Blue Prism Technology Services in SMEs Grows at a Rapid Pace

As the negative impacts of the great recessions are ebbing away, the number of small and medium-sized enterprises (SMEs) across the world is increasing at a positive rate. A majority of SMEs are inclined towards investing heavily in innovation and intelligent automation, and thereby, the mounting number of SMEs is likely to accelerate the expansion of the Blue Prism technology services market.

The Fact.MR report finds that adoption of Blue Prism technology services among SMEs is escalating at a relatively higher rate than in large enterprises. As SMEs are investing heavily in automation services, such as Blue Prism technology services, to boost their productivity and inclusive growth, SMEs are outperforming large enterprises in terms of value added, which is redefining marketing strategies of Blue Prism technology services providers.

According to the U.S. Small Business Administration (SBA), the number of small businesses in the U.S. exceeded 30 million in 2015 with over 47.5% employment share in the country. According to a report published by the European Commission, the number of SMEs in the UK increased from 1.87 million to 1.97 million during 2015-2016. Stakeholders in the Blue Prism technology services market eye proliferation of SMEs as a lucrative growth opportunity to boost adoption of Blue Prism technology services.

This study offers forecast on the Blue Prism technology services market for the period, 2018 to 2028. A 28.8X revenue growth has been estimated for the Blue Prism technology services market through 2028

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
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Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://www.factmr.com/

Airport Retailing Consumer Electronics Market Opportunities, Industry Analysis & Forecast To 2028

Fact.MR envisages that prospects for consumer electronics in airports are expected to remain promising, with the airport retailing consumer electronics market to grow at a CAGR of 6.3% in terms of value throughout the period of forecast, 2018-2028.

The airport retailing consumer electronics market valuation is likely to remain influenced by growing number of airports. Sales of consumer electronics in airports are projected to remain concentrated in the Southeast Asian (SEA) countries, making the region a lucrative market for airport retailing consumer electronics. India is poised to showcase higher market attractiveness in SEA during the forecast period on the back of steady economic development coupled with rising air tourism, according to the report.

India’s lucrativeness in the airport retailing consumer electronics marketplace is attributed to rising number of air passengers. According to IATA (International Air Transport Association), the air passenger count in India is expected to reach 478 million by 2036. This is expected to present potential opportunities of growth for airport retailing consumer electronics in the coming years. In addition, sales of airport retailing consumer electronics on departure are likely to be on an upswing as compared to sales on arrival in the country. The report forecasts that the sales of airport retailing consumer electronics in India could exceed US$ 250 Mn by 2028.

Growing sales of accessories are expected to largely contribute to the growth of the airport retailing consumer electronics market, according to the report. Consumer preference for accessories is projected to expand at a higher rate as compared to electronic devices. Against this backdrop, airport retailers are also planning to rent accessories for travellers opting for short trips.

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IATA projects that by 2036, global air passenger traffic is expected to reach 7.8 billion. This indicates that growth of airport retailing consumer electronics market is likely to remain significant in large airports. However, medium size airports are projected to showcase growing demand for airport retailing consumer electronics, says the report.

Trend of hyper-personalization remains instrumental in driving growth of airport retailing consumer electronics market. With critical airline restrictions apropos to amount of goods to be carried in flight, a new personalised service in the airport retailing consumer electronics space has been witnessed. Airport retailing consumer electronics stores can use customer data from boarding passes, and deliver products to the customer’s destination. This trend is likely to influence growth in revenues of airport retailing consumer electronics in the coming years.

Advertisements on flyers continue to remain instrumental in driving the growth of airport retailing consumer electronics market. Growing digitalization coupled with product displays on flyers are expected to influence sales of consumer electronics in turn presenting positive growth avenues for airport retailing consumer electronics market. This is likely to translate into increasing product sales across specialty retail stores in airports, consequently making them a key growth platform for airport retailing consumer electronics, says the report.

As traditional brick and mortar sales are getting impacted due to mega trends such as relentless onslaught of online selling platforms, the physical retailing in airports is thriving. Overall, the airport retailing consumer electronics scenario remains positive and stakeholders can expect an optimistic growth path in the airport retailing consumer electronics market in the forthcoming years

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://www.factmr.com/