Workforce Management Market driven by the increasing demand of cloud based solutions

Workforce Management Market is a process that maximizes competency and performance level for an organization. The processes comprises activities required to sustain a productive workforce like human resource management, field service management, data collection, budgeting, forecasting, analytics and scheduling. Workforce management is a combined set of processes that an organization uses to optimize productivity of its employees on different levels. It provides collective set of performance based software and tools to support front line supervisors, corporate management, store managers, and workers across distribution, manufacturing, retail and transportation operations.

The global workforce management market is primarily driven by the increasing demand of cloud based solutions. With the rising cloud based solutions, it has become easier to store data over the cloud and download the data conveniently. Moreover, with the implementation of this system, remote workforce solutions has been made easier. Employees often need access to company information on different devices, be it in home or office, which has become easier with the cloud based solutions. Another important driving factor in this market is the increasing penetration of smartphones and focus on workforce optimization. Workforce optimization is possible through different ways, some of them are time and attendance tracking, performance monitoring, demand prediction, employee scheduling and many others. Rise in demand of smartphones help these function to be carried out with ease anytime and anywhere. Moreover, increasing demand of automation is also bolstering the demand of workforce management market across the world during the forecast period. Automation is likely to help the workforce management by improving accuracy, cutting down the labor costs and mobile access to workforce management solutions.

Lack of awareness about the workforce management is one of the most important factor restraining the growth of the global workforce management market. Many organization especially small and medium are not intended to implement the software solutions and follows the same traditional methods. Due to the lack of awareness, they are unaware of the benefits of implementing automated workforce management solutions in an organization.

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Increasing adoption of workforce management in the small and medium sized organization is likely to be one of the most important opportunities in the global market. Since these organizations are unaware of the benefits of these solutions, it is highly expected to grow in the coming couple of years. Leaning towards human resource analytics is also an important opportunity in the global market. Increasing competition, tight budgets are some of the factors that would increase the demand of software solutions in order to maximize the efficiency of the workforce.

Based on solutions, the global workforce management market is segmented into Absence Management, Time and Attendance Management, Workforce Analytics, Performance Management, Workforce Scheduling among others. On the basis of deployment type, the market is segmented into cloud and on premises. Moreover, on the basis of organizational structure the bifurcations includes large organizations and small/medium sized organizations. The end use segregation comprises of banking and financial sectors, logistics, consumer goods, healthcare and defense among others.

The geographical split of the market encompasses North America, Asia Pacific, Europe, Middle East and Africa and Latin America. Europe is expected to have the highest market revenue share during the forecast period. Countries like Germany and U.K. are responsible for the major growth in this market. Deployment of cloud solutions is an important driver boosting the demand of this market in Europe.

Some of the major players in the global workforce management market are Atoss Software AG (Germany), Automatic Data Processing LLC (U.S.), Huntington Business Systems (HBS), Inc. (New York), International Business Machines Corporation (U.S.), Kronos, Inc.(U.S.) , Oracle Corporation (U.S.), Reflexis Systems, Inc.(U.S.), SAP SE (Germany), Ultimate Software Group, Inc.(U.S.), Verint Systems, Inc.(U.S.), Workday, Inc.(U.S.) and Workforce Software, LLC (U.S) among others.

The report offers a comprehensive evaluation of the Workforce Management Market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. 

Data Analytics Outsourcing Market Technological breakthroughs by 2024

​India being the biggest hub of Data Analytics Outsourcing Market is looking to stay ahead of President Trump’s H-1B work-visa changes by lobbying the U.S. lawmakers and considering to train American professionals for tasks that Indians can perform excellently. Trump’s pledge of bringing back jobs to the blue-collar areas struggling in the U.S. is prophesied to be supported by Indian IT firms wanting to keep out of the crosshairs of his administration. National Association of Software and Services Companies (Nasscom) is planning to collaborate with the U.S. universities and invest in new trade schools to address the skills shortage in the country. Moreover, recently, Prime Minister Modi had a discussion in New Delhi with 26 U.S. delegates where he emphasized the significance of skilled Indian talent for the U.S. economy.

The global data analytics outsourcing could be segmented according to key parameters such as vertical, application, and type. The heart of data analytics is the deciphering of business data to make processes profitable and streamlined and leveraging decision-making ability through actionable insights.

The report put up by our expert analysts includes the top insights of the global data analytics outsourcing which unveil the future outlook as well as the current trends of the industry. It is a collection of precise guidelines to ensure a tangible success in the market.

Global Data Analytics Outsourcing Market: Trends and Opportunities

In the recent time, the world market for data analytics outsourcing has been witnessing a strong momentum on the part of cloud-based business analytics. Notwithstanding, analytics from social media platforms, fraud analytics in the BFSI domain, cyber analytics and cyber risk management, and customer analytics have emerged as weighty trends in the data analytics outsourcing.

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It is expected of effective data analytics services to win a significant boost in demand as a result of the scarce availability of analysts capable of formulating competitively favorable data insights. Businesses from different sectors have come in line with the unparalleled advantages of using competent data analytics for the purpose of magnifying revenue potential and thoroughly understanding customer choices. Howbeit, not all businesses have the experience to efficiently analyze data and access to in-house resources and knowledge required. This is expected to remarkably augment the demand in the global data analytics outsourcing market.

Global Data Analytics Outsourcing Market: Geographical Analysis

The international data analytics outsourcing market is anticipated to be ruled over by India, owing to the latest advancements in telecommunications and technology. Such developments have elevated the potential of the India data analytics outsourcing market. More than 50.0% of the data analytics projects in the world are outsourced to India on account of excessive availability of adroit labor force specializing in contextual domain analytics.

Other reasons predicted to help Asia Pacific gain an upper hand in the market include cheaper labor costs and systematized technology and telecom infrastructure. The presence of seasoned BPOs in Asia Pacific, especially in India, could also be accredited for the towering growth of the regional market.

Nonetheless, Western Europe and North America are envisaged to produce a large measure of demand for data analytics outsourcing. The Eastern Europe and LAMEA data analytics outsourcing markets are projected to exhibit a quick growth in the near future.

Global Data Analytics Outsourcing Market: Competitive Overview

The worldwide data analytics outsourcing market houses a host of players mastering in end-to-end data analytics solutions that are peculiar to a thousand and one domains. Out of the pre-eminent companies setting their influence on the market, Infosys Ltd., Citigroup Inc., Capgemini S.A., Tata Consultancy Services Ltd., and Cognizant are envisioned to stay dominant.

Professional Service Automation Market Investment Research Report 2024

​Professional Service Automation Market are software products designed to help professional services companies streamline a number of operations, optimize efficiency, and attain higher productivity and profitability. These systems are complete business solutions and include a variety of capabilities, including project management, billing, invoice management, time tracking, expense management, and resource allocation.

A variety of PSA systems are commonly used by many organizations across a number of industries. The increased availability of PSA solutions with an improved set of functionalities is leading to heightened demand for these products worldwide. For the streamlining of operations, many small-scale companies still rely on spreadsheets and other in-house tools. However, the vast benefits gained by companies that have adopted PSA solutions, in terms of improved time-to-market, reduced attrition rates of products and services, and improved profitability, testify that the assimilation of PSA solutions in business practices can prove mission critical, and that without them, the growth prospects of a company can be greatly affected.

The report on the professional service automation market gives a thorough overview of its current state; the major drivers, challenges, and trends that are impacting the market’s development prospects; and a detailed insight into its competitive scenario. The data in the report has been gathered from a number of sources and with the help of numerous primary as well as secondary research methodologies.

Professional Service Automation Market: Overview

Professional services companies are currently faced with challenges such as robust market environments, shortage of knowledgeable and experienced resources, spin-offs from mergers and acquisitions, and an increasingly sophisticated clientele. At the same time, decision makers and top executives are becoming increasingly aware of the benefits of PSA solutions and their role in making companies more competitive and profitable. These are the major factors driving the global professional service automation market.

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The key components of a typical PSA system include resource planning and forecasting, project management, time and billing management, knowledge management, communication management, opportunity and lead tracking, employee time and expense entry and processing, financial accounting, human resource management, and proposal automation.

Some of the major end users of the global professional service automation market are IT service companies, design and planning companies, architecture and engineering firms, accounting companies, management consulting firms, research organizations, and government contractors.

Professional Service Automation Market: Key Trends and Opportunities

Of the two major deployment methods of PSA solutions-cloud and on-premise-PSA products and services hosted on cloud platforms are gaining popularity, especially among small- and medium-sized companies. The numerous benefits of cloud hosting in terms of flexibility, disaster recovery, increased collaboration, and reduced infrastructure development costs are some of the chief factors behind the rising popularity of the cloud hosting module. Additionally, the rising inclusion of smartphones, tablets, and other devices into the internal networks of companies is leading to the development of the PSA mobile application segment.

Professional Service Automation Market: Region-wise Outlook

The market for professional automation is projected to earn a major share in revenues from developed regions such as Europe and North America over the report’s forecast period. Demand for PSA solutions in Asia Pacific is also expected to rise at a steady pace over the report’s forecast period owing to the rising adoption of PSA by small- and medium-sized companies in the region.

The global market for PSA solutions is highly fragmented and features several technology giants who have entered the market with products featuring competitive and innovative functionalities. Some of the major vendors operating in the global PSA market are Microsoft Corporation, NetSuite OpenAir, Oracle, Autotask Corporation, FinancialForce PSA, Appirio, Inc., Deltek, Harmany PSA, Autotask Corporation, and Projector PSA.

Oil Gas Data Management Market Global Industry Analysis 2023

​Even as the global Oil Gas Data Management Market goes through a phase of change with a growing emphasis on exploring offshore reserves, it finds itself more dependent than ever before on technologies to analyze swathes of data to optimize business performance and enhance safety standards. The need for oil gas data management technologies arises from the various regulatory changes being imposed on the industry. A number of leading IT companies have diversified their portfolio to cater to the needs of the oil and gas sector, giving oil and gas companies ample choice when choosing a vendor.

From exploration and production to trading and retail, the oil and gas sector produces massive amounts of data at every stage. Classifying and streamlining this data is necessary to optimize these functions. This report studies the global oil gas data management market to provide forecasts through 2023, identify trends and opportunities, and evaluate the competitive landscape.

The market can be segmented on the basis of the type of data management solutions and geography. According to type, the market is segmented into IT infrastructure and data organization. Likewise on the basis of geography, the global oil gas data management market is segmented into: Europe, North America, Asia Pacific, and the Rest of the World.

Oil Gas Data Management Market: Drivers and Restraints

Greater reliance on the use of information technology to maximize oilfield recovery and minimize nonproductive activities will act as a high-impact growth driver for the global oil and gas data management market. From the standpoint of vendors, technologies that have proven their efficiency in streamlining integrated workflows in oilfields have earned enormous profits. This has spurred further research and development in the global oil and gas data management market. Several new products and solutions are thus expected to be launched in the market over the forecast period of this report.

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However, the market’s growth could be hindered by factors such as lack of awareness about the benefits of oil and gas data management. The market’s growth could also be hampered because of the high initial investment required to implement a data management solution. Moreover, massive amounts of real-time data is produced during the exploration of reserves – this necessitates failsafe data management considering the high risk to life and property present at exploration sites.

These restraints can be mitigated to some extent by the trailblazing technologies that are changing the future of the oil and gas sector. These technologies are centered on operations such as transportation, geophysical assessment, distribution and refinement, and others. These will substantially fuel the demand for data management solutions in the global oil and gas industry.

Oil Gas Data Management Market: Competitive Outlook

Companies such as IBM, Wipro, SAP, Oracle, and NetApp are at the forefront of the global oil gas data management market. Although these large companies already have a firm foothold in the market, the market’s dynamics are being gradually disrupted by the emergence of innovative start-ups. Many of these smaller companies provide niche solutions at highly competitive prices. This factor will contribute to the growth of the global oil gas data management market, helping the market achieve a strong rate of growth.

Anti Drone Market several lucrative opportunities By 2023

​Anti-drone systems are designed to counter unwarranted intrusion of unmanned aerial vehicles (UAV). These systems have the capability of tracking, identifying, and detecting UAVs from a certain distance and avert illicit activities that could be harmful to human life. The rising defense budgets and growing terrorism across the globe are driving the global anti drone market.

The research report provides an insightful take on the global anti drone market through its pages. The publication provides an assessment of the segments and the various factors influencing it. Furthermore, the research analysts have studied the historical developments in the global market and compared it to the current situation to explain the trajectory of the global anti-drone market.

Increasing security concerns due to the rising presence and penetration of unmanned aerial vehicles (UAV) has spiked the demand for anti drone market. These systems are designed and developed to ensure safety from cross-border infiltration and other unlawful activities. The growing demand for security measures in various public spaces and private residences has also led to the adoption of anti-drone systems. The types of anti-drones in the global market are tracking and disruption systems and detection systems. The detection systems are predominantly used for scanning UAVs, while tracking and disruption systems are deployed for neutralizing the potential ability of UAVs from causing harm.

Owing to these abilities of anti drone market, the systems are being readily deployed in sectors such as aerospace and defense, commercial places such as airport, prisons, critical infrastructure and home land security, and government and public sector. The rising expenditure on building a well-equipped defense system with advanced drones and systems to counter them is projected to fuel the growth of the global market. Additionally, increasing efforts to ensure public safety in times of rising internal security threats and growing terrorist activities, especially at shopping malls, events, and sports events, are boosting the uptake of anti-drones. In the coming years, development of anti-drone systems that provide long-ranged UAVs tracking will offer players in the global market several lucrative

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In terms of geography, the global anti drone market is segmented into Latin America, North America, Western Europe, Asia Pacific, the Middle East and Africa, and Eastern Europe. Amongst these, the North America anti drone market is projected to lead the pack as the region is witnessing a high adoption of this equipment and fast-paced deployment of anti-drone systems. The growing investments in sectors such as defense and aerospace are expected to drive the regional market in the coming few years. The U.S. is estimated to lead the regional market as the governments are focused on developing their military equipment and staying ahead of the curve by adopting improved technologies.

The report suggest that Asia Pacific is also expected to make a significant contribution in the global market. The volatile political conditions in developing countries of China, India, and Pakistan are expected to lead to investments in anti-drone systems in the near future. Furthermore, growing expenditure on security of recreation venues, infrastructures, and private properties in emerging economies of Asia Pacific is expected to contribute to the soaring demand for anti-drone systems too.

Software Defined Wide Area Network Market several lucrative opportunities By 2024

​Wide area network (WAN) covers large geographical area compared to Local Area Network (LAN). Public network such as a telephone system is used by WAN for connectivity. Software defined WAN (SDWAN) opens options to enterprises in order to configure their network. Hardware devices working in the network are managed and controlled with the help of Software Defined Wide Area Network Market. Software Defined Wide Area Network Market makes it possible to implement flow related complex algorithms to the hardware components of a network. It offers enormous potential for organizations having multiple locations and significant network traffic.

Automation technologies are used for routing and rerouting data traffic, reducing the complexity involved in the procedure. Increasing adoption of cloud technology has resulted in large data repositories. Cloud technology requires high bandwidth in wide area network. Software Defined Wide Area Network Market helps in improving the bandwidth as per the requirements of cloud technology.

Enterprises worldwide strive to improve the operational efficiency. Software Defined Wide Area Network Market helps enterprises in achieving high operational efficiency with high-speed internet connectivity and network coverage. Enterprise mobility is one of the major drivers of SDWAN market, it is increasingly being adopted as the number of mobile workers are increasing globally. It helps in providing secured access to enterprise data, growth in terms of flexibility and scalability, business continuity.

Also, employees can maintain a healthy work-life balance with the help of enterprise mobility. It has increased the usage of many devices such as smartphones, tablets and notebooks to access business applications driving the SDWAN market. Bring your own device (BYOD) policies adopted by enterprises are also increasing the demand for SDWAN. Traditional networks with complex architecture can be easily upgraded into simplified networks with the help of SDWAN. However, with implementation of SDWAN, enterprises must invest in new software solutions, hardware equipment and design and integration increasing the overall cost. However, Implementation will help in reducing the costs in the long run. Security concerns could restrain the growth of SDWAN market as the new set of rules and technologies used for managing networks are not tried and tested.

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SDWAN market is segmented on the basis of component, deployment type, service type and end-use adoption, On the basis of component, the market is segmented into virtual appliance, physical appliance and hybrid. In terms of deployment, SDWAN market is segmented into on-premise and cloud deployment. Based on service type, the market for Software Defined Wide Area Network Market is segmented into managed services and professional services. In terms of end-use adoption the market is segmented into banking, financial services, and insurance (BFSI), manufacturing, healthcare, IT and telecom, oil and gas and others.

On the basis of geography, the global SDWAN market is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Additionally, Currently, North America is projected to exhibit significant growth as compared to other key regional segments; this will be the result of the increasing bandwidth requirements and need for highly efficient networking architecture.

The global SDWAN market is intrinsically considerably competitive and features a number of large several international and domestic key players. Major players in the software defined wide area network market include Cisco Systems, Inc., Aryaka Networks, Inc., Talari Networks, Inc., CloudGenix Inc., InfoVista S.A.S., Pertino, Inc., VeloCloud, Inc., Glue Networks, Inc., Mushroom Networks Inc. and FatPipe Networks Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

Higher Education Market is increasing in the shape of private and public institutions

​The higher education market has emerged since the last two decades and is now growing rapidly. The number of players in this market is increasing in the shape of private and public institutions, ministries of education and government agencies, education and testing companies. Educational institutions are becoming more receptive towards adoption of technological components. Technology in education is playing an important role in allowing students and educators to interact and avail upcoming learning opportunities. Within the higher education market, there is an increasing competition between public and private higher educational institutions to emphasize on students and faculty from across the world along with participation of international universities and business partners for research, associations and funds.

The total market is segmented on the basis of hardware, software, services, users and geography. The several hardware devices used in the higher education market are tablets, PCs, interactive white boards, projectors, printers and others. Software solutions comprise data security and compliance, campus technology, performance management, content and collaboration and others. Further, the service sector includes implementation, training and support and consulting and advisory. The several users of higher education are private colleges, state universities and community colleges. The geographical analysis in the report covers North America, Europe, Asia Pacific and Rest of World.

Increasing connectivity and hardware, privacy of several cloud based resources, emerging online and collaborative learning and personalization of the technology are the major driving factors that contribute to the growth of the higher education market. However, increased cost, difficulty in adoption of server-based computing and decreased government funding are some of the challenges for this market. Today, higher educational institutions are not spending increasingly on technology owning to budgetary restraints. The rise in competition among several institutions in long run would result in rapid deployment of cloud-based resources. Thus, the new developments in technology and strategic alliances and partnerships are opportunities for this market.

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There are a number of new trends generating a prospect for institutions to communicate education in a more interactive and effective way. Higher educational institutions are more conscious about the recent developments in the international market, through structuring efficient strategies for long term associations and determine a superior level in worldwide student market. Universities around the world are making efforts to include unique strategies and activities, through promoting its programmers to a large audience and by providing services in line with foreign students.

The higher education market is expected to exhibit a single-digit CAGR by 2019. The suppliers are not only providing software and hardware solutions but also are focusing on increasing technological deployments within existing as well as the new user accounts. Therefore, it is estimated that more than 70% of learning platforms would be Software as a Service or cloud based.

Some of the key players in the higher education market are Smart Technologies, Inc., Xerox Corporation, Panasonic Corporation, Oracle Corporation, EduComp Solutions, Dell, Inc., Cisco Systems Inc., Three River Systems, IBM, Blackboard Inc. and Adobe Corporation among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.