Technology Market Reports

The global Cyber Security Market size is expected to reach USD 372.04 billion by 2028, registering a CAGR of 10.9% over the forecast period, according to a new report by Grand View Research, Inc. An increase in the number and intensity of data breaches across enterprise networks is driving the adoption of cyber security solutions and services globally. Developments in the field of digital applications and cloud-based solutions are driving the volume of cyber threat vectors and vulnerabilities. Thus, continued cyber threats and cyber-attacks are leading to a rise in sustained investment into security services and advanced solutions driving the market.

Add-ons and upgrades in the existing solutions with new features are creating avenues for threat vulnerabilities. Cyber threat actors aim to infiltrate and access unauthorized information from such vulnerabilities. To combat such threat activities, enterprises and governments across countries are implementing and timely updating their cyber security development strategies. These development strategies are inclined toward upgrading the existing security infrastructures, improving awareness, and establishing a cyber-defense workforce. For instance, in 2020, the Malaysian government introduced the Malaysian Cyber Security Strategy and allocated around USD 0.44 billion (RM 1.8 billion) for national cyber security preparedness.

The strategy comprised five pillars consisting of 113 programs, 35 action plans, and 12 strategies. The continued rise in electronification across several industries/sectors is exponentially increasing data breach risks. Market players, such as financial service providers, retailers, and telecom vendors, are relying extensively on digital channels and technologies. This, in turn, increases exposure to risks, and a cyber attack can have a multi-fold negative impact on the financial and operational aspects of an organization. The scenario has increased the emphasis on data protection and securing critical IT infrastructures.

Furthermore, growing stringency in regulations for data privacy and safety is compelling organizations to create an additional layer in the security framework, driving the market growth. The market in Asia Pacific is anticipated to register the fastest CAGR over the forecast period. The growing instances of cybercrimes in Asian countries over the years and the increasing adoption of advanced technologies and mobile endpoints across businesses are driving the regional market. Disruption in technologies is increasing the market fragmentation and competition among market players. Leading players focus on product updates, new product launches, and strategic initiatives, such as mergers & acquisitions, to enhance their market position.

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Cyber Security Market Report Highlights

The need to develop a cyber defense framework and safeguard the evolving IT infrastructure from targeted ransomware, vulnerabilities in applications, phishing attacks, and malware is compelling enterprises to adopt cyber security solutions, thereby, driving the market growth

The increased risk of data breaches across networking systems in critical infrastructures is compelling enterprises to adopt hardware solutions, such as encrypted drives and intrusion detection systems

These solutions help enterprises safeguard the outgoing and incoming network traffic on IP addresses

The growing usage of mobile devices, coupled with the implementation of Bring-Your-Own-Device (BYOD) concepts across businesses, is driving the adoption of endpoint security solutions & services to defend against fraudulent email activities, ransomware, and malware

In terms of deployment, the cloud-based segment is expected to register the fastest CAGR over the forecast period. This can be attributed to its low-cost infrastructure maintenance and flexibility in data sharing across devices and remote places

The large enterprise segment held the maximum revenue share in 2020 due to the increased spending on security solutions and services by large-scale organizations

The global Education Technology Market size is expected to reach USD 377.85 billion by 2028, registering a CAGR of 19.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. Key industry participants are BYJU'S, Blackboard, Inc., Chegg, Inc., Coursera, Inc. and Edutech among others. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to Massive Open Online Courses (MOOCs), the industry is transforming rapidly, thereby leading to an influx of massive investments worldwide. Having realized the potential of leveraging the advances in technology to enhance the process of learning, governments across the world are encouraging the incumbents of the education industry to undertake various initiatives aimed at integrating education technology (EdTech) into the overall education system.

The proliferation of smart devices and the continued rollout of internet connectivity drive the growth of the market. The rising awareness about the advantages of integrating the latest technologies in education systems is also contributing to the growth of the market. Developed economies, including the U.S., the U.K., and Germany, are focusing on introducing innovative EdTech offerings, supporting education administration, reducing teacher workload, and engaging students and the community. On the other hand, emerging economies focus on ensuring easy and convenient access to educational opportunities for the citizens. EdTech holds immense potential to ensure access to education for the rapidly-growing population, particularly in emerging economies.

The education industry is on the cusp of a digital revolution. In the age of digitization and automation, conventional teaching methods are not the only available options for educating students. Advances in the latest technologies, such as Artificial Intelligence (AI), robotics, Augmented Reality (AR), and Virtual Reality (VR), and their potential integration into learning are anticipated to transform the conventional teaching techniques. These cross-curricular learning opportunities can enable institutes and teachers to streamline resource commitments while encouraging students’ knowledge development through practical and cross-curricular applications. MOOCs are also gaining immense popularity across the globe and are emerging to be an affordable mode of online education.

Related Press Release @ Education Technology Market Report

Education Technology Market Report Highlights

Some of the major higher institutes and educational organizations across North America are increasingly shifting their focus from legacy EdTech education system to online EdTech solutions

Integration of AI in schools and universities to automate activities, such as grading subjects and providing feedback, is anticipated to propel the demand for EdTech offerings

Cloud computing technology is used to store vital resources, such as audio/video lessons, written lessons, and assignments, on a school’s cloud terminal. Students can access these resources at their convenience

The global Artificial Intelligence Market size is expected to reach USD 997.77 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 40.2% from 2021 to 2028. Some of the key players in this industry are Advanced Micro Devices, AiCure, Arm Limited, Atomwise, Inc., Ayasdi AI LLC. Artificial Intelligence (AI) denotes the concept and development of computing systems capable of performing tasks customarily requiring human assistance, such as decision-making, speech recognition, visual perception, and language translation. AI uses layers of algorithms to understand human speech, visually recognize objects, and process information. These algorithms are used for data processing, calculation, and automated reasoning. Artificial intelligence researchers are continuously improving algorithms for various aspects, as conventional algorithms have drawbacks regarding accuracy and efficiency. These advancements have led manufacturers and technology developers to focus on developing standard algorithms. Recently, several developments have been carried out for enhancing artificial intelligence algorithms. For instance, in May 2020, International Business Machines Corporation announced a wide range of new AI-powered services and capabilities, namely IBM Watson AIOps, for enterprise automation. These services are designed to help automate the IT infrastructures and make them more resilient and cost reduction.

The COVID-19 pandemic has emerged as an opportunity for AI-enabled computer systems to fight against the epidemic as several tech companies are working to prevent, mitigate, and contain the virus. For instance, LeewayHertz, a U.S.-based custom software development company, is offering technology solutions using AI tools and techniques, including the Face Mask Detection System, to identify individuals without a mask and the Human Presence System to monitor patients remotely. Besides, Voxel51 Inc., a U.S.-based artificial intelligence start-up, has developed Voxel51 PDI (Physical Distancing Index) to measure the impact of the global pandemic on social behavior across the world. AI-powered computer platforms or solutions are being used to fight against COVID-19 in numerous applications, such as early alerts, tracking and prediction, data dashboards, diagnoses and prognosis, treatments and cures, and maintaining social control. Data dashboards that can visualize the pandemic have emerged with the need for coronavirus tracking and prediction. For instance, Microsoft Corporation’s Bing’s AI tracker gives a global overview of the pandemic's current statistics.

Artificial Intelligence is becoming vital to big data as the technology allows the extraction of high-level and complex abstractions through a hierarchical learning process. The need for mining and extraction of significant patterns from high-volume information is driving the growth of artificial intelligence in big data analytics. Furthermore, the technology helps in overcoming challenges associated with big data analytics, such as the trustworthiness of data analysis, format variation of raw information, highly distributed input sources, and imbalanced input data. Another challenge includes a lack of efficient storage and poor retrieval of information as it is collected in large quantities and made available across numerous domains. These challenges are overcome by using semantic indexing as it facilitates comprehension and knowledge discovery.

Related Press Release@ Artificial Intelligence Market Report

Artificial Intelligence Market Report Highlights

The advent of big data is expected to be traction of the growth of the market as a large volume of data is needed to be captured, stored, and analyzed

The increasing demand for image processing and identification is expected to drive industry growth

North America dominated the AI market and accounted for over 40.4% share of global revenue in 2020

The global Video Streaming Market size is expected to reach USD 223.98 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 21.0% from 2021 to 2028. Key industry participants include Akamai Technologies; Amazon Web Services, Inc.; Apple Inc.; Cisco Systems, Inc. among others Rising technological advancements such as the implementation of block-chain technology in video streaming and the use of artificial intelligence to improve video quality are expected to boost the demand for the market over the forecast period. Furthermore, the growing adoption of cloud-based video streaming solutions for increasing the reach of video content is directly influencing the growth. This trend is observed in numerous parts of the North American and Asia Pacific regions. The reasons attributing to the growth of the market are rapid digitalization, increasing use of mobiles and tablets, and the growing popularity of online video streaming.

The factors such as the rising demand for on-demand video and extensive growth of online video are the key growth drivers for the market. Also, the increasing demand for high-speed internet connectivity acts as an advantage for the market to grow over the forecast period. The growing acceptance of smartphones in combination with an extensive range of high-speed internet technologies such as 3G, 4G, and LTE has substantially led to the increasing use of video streaming. Also, the growing demand for devices that can support digital media is helping consumers to access media content anywhere across the world.

The market can be categorized, based on streaming type, into live video and non-linear video. The streaming of content via the internet and which can be displayed by the viewer in real-time can be defined as live video streaming. Further key findings from the report suggest that a live video segment is expected to portray the highest growth over the forecast period. In contrast, the non-linear video segment is expected to grow over the forecast period majorly due to the increasing demand for streaming of content via the internet and which can be viewed in real-time.

Further, the COVID-19 outbreak requires people to stay indoors and confine themselves at home for a prolonged period. This situation is expected to have a positive impact on video streaming services’ viewership and engagement. Moreover, it has resulted in an increased need for entertainment, thus resulting in higher consumption of video streaming services. The viewership of video streaming services has drastically risen across the globe, several video streaming platforms, including Netflix, Amazon Prime Video, YouTube, Disney+ have registered a spike in the viewership worldwide.

Related Press Release@ Video Streaming Market Report

Video Streaming Market Report Highlights

The increasing usage of videos in corporate training and the impact of video streaming in the education sector are anticipated to drive the market growth

The over-the-top (OTT) segment is expected to expand at the highest CAGR over the forecast period

The Asia Pacific regional market is expected to have significant growth over the forecast period, majorly due to the increasing demand for high-speed internet connectivity and the growing demand for on-demand video streaming

The global True Wireless Stereo Earbuds Market demand is expected to reach USD 305,499.8 million by 2028, registering a CAGR of 36.1% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. Apple, Inc., Bose Corp., Jabra, Harman International Industries, Inc. are some of the prominent key players of the industry. The proliferation of connected devices at affordable prices is expected to favor true wireless stereo (TWS) earbuds market growth. Manufacturers are focused on introducing earbuds with multiple pair points to enable users to connect with multiple devices. As such, TWS earbuds are gradually gaining popularity as a convenient smartphone accessory. The wire-free and sophisticated design of these earbuds acts as the key purchase motivator for consumers

Moreover, the work-from-home norms imposed during the COVID-19 pandemic have accelerated the demand for IT accessories, including wireless earbuds. These devices can easily be used for listening to music or attending work-related con-calls. Besides features, such as Advanced Noise Cancellation (ANC) and wireless connectivity, TWS earbuds also come with a built-in carry case charger that offers seamless usage for over 150 hours. Furthermore, instant pairing across a variety of devices using Bluetooth, IPX7 certification, and support of voice assistants, such as Google and Siri, are also contributing to the market growth.

The rising demand for new and improved features serves as a catalyst for advancements in the market. Companies focus on launching products with differentiated features under various price bands. Multi-functional TWS earbuds are widely demanded as they cater to different applications, such as fitness, gaming, and entertainment, and offer extended capabilities, including fitness tracking and voice recognition. Moreover, several Chinese vendors, such as Xiaomi and Realme, have introduced entry-level wireless earbuds in the APAC market, making them an affordable choice for all consumers. The demand is expected to remain bullish over the next few years.

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True Wireless Stereo Earbuds Market Report Highlights

The USD 100–199 price band segment led the global market in 2020 and is projected to expand further at a steady CAGR over the forecast period

The proliferation of entry-level devices is expected to play a pivotal role in favoring the segment growth

North America led the largest revenue share of more than 37% due to early technology adoption and high attention toward health & fitness amid the pandemic have been instrumental in driving the market growth in this region

However, in terms of unit shipments, the demand for wireless earbuds in Asia Pacific surpassed the demand in North America in 2018

The Ducted Air Conditioning Market is projected to grow at a CAGR of about 6% owing to increasing awareness and requirement for energy efficiency. Regulatory norms in various countries have necessitated the manufacture of energy efficient systems and innovation in the traditional systems. These energy efficient systems help domestic and industrial consumers as reduction in energy ratings bring down their electricity bills. 

Enhanced product development coupled with technological proliferation is expected to have a positive impact on the industry growth. Consumer’s living standards in emerging countries are improving and so is their infrastructure spending. Adverse weather conditions in the Asia-Pacific region and increase in disposable income of consumers is expected to spur the industry growth in the near future. Ducted air conditioners provide with climate control solutions for whole office or home. These air conditioners have central temperature and zone control with set and forget timers that provides for easy control. Each room’s temperature can be adjusted accordingly. Its feature of providing even air distribution in whole house and office is anticipated to drive the market over the forecast period. Consumer’s focusing on aesthetics of their house or office prefers these air conditioner units as only ceiling or floor mounted grills are visible inside the area. Increasing use of these air conditioners in offices owing to their various cabinets and requirement of different temperature control for each cabinet is to have a positive impact on the industry growth.

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High installation for domestic purposes in developed countries such as Europe and U.S. owing to the policy of some companies to allow ‘work from home’ and more of day care centers is to boost the market over the forecast period. Furthermore, regions with high humidity in all seasons require air conditioning at all time. Also, air conditioning helps in removal of dust and micro-organisms that keep the air clean and in turn have a positive impact on the market growth. The feature of air conditioner to keep room warm in winters as well is to boost the market over the forecast period. It has been found by some researchers that in comfort conditions the working efficiency and concentration of individual increases and thus accelerate the market growth in the long run. In addition, ducted air conditioners are considered to be quietest among all the air conditioning options. This may accelerate the market growth over the forecast period. 

Ducted air conditioners allow for central heating and cooling systems for large homes which is to drive the industry growth over the forecast period. It also helps to reduce the energy bills as heating pumps in air conditioners consume 80% less power than other heating devices. However, the use of refrigerants in air conditioning systems that leads to global warming is to pose challenge to market growth. Also, high chances of mechanical failure and high maintenance cost is to hamper the market growth over the forecast period. 

The market can be segmented on the basis of product type and application. The types of ducted air conditioners available in the market are DC inverter ducted systems, single phase, three phase premium and digital, and inverter cassette systems. DC inverter ducted systems allows a room to reach the required temperature more rapidly and up to 30% more efficiently. It also eliminates frequent starting and stopping often required by standard systems in order to maintain consistent temperature conditions. Single phase air conditioning systems perform for temperature variations between 52oC to -5oC. These are ideal for regions where temperature is very high or very low, or both. Three phase air conditioning systems are equipped with high efficiency temperzone premium and digital scroll designs. They contain non-ozone depleting refrigerant therefore has lower impact on environment. DC inverter cassette works effectively with air flow in all four directions and has to the ability to remove condensation. On the basis of application, these ducted systems are used in office, home and hotels. Increasing number of offices and hotels in many regions is to spur the market growth in the long run. 

Asia Pacific air conditioner market dominated the region in the near past especially the emerging countries such as India and China owing to increasing disposable income and improving lifestyle in the region. This demand is followed by the demand of AC in Europe region on account of regulatory norms to reduce energy consumption and replacement of traditional systems. Also, the government is focusing on construction of green buildings. Japanese market players are investing in HVAC, green lighting and BAS systems to reduce energy costs and carbon footprint which in turn will increase demand for AC in Japan. 

Major players in the market are Panasonic, Hitachi Ltd., Electrolux AB, Haier Electronics Group Co., Ltd., Harp Corporation, Mitsubishi Corporation, Lennox, Watsco, Inc, Carrier Corporation, Watso, LG Electronics, Blue Star Limited and Videocon. These companies are trying to expand their geographical presence and are focusing on having distribution network to cater customer needs. 

In January 2015, Hitachi Ltd. and Johnson Controls had announced a joint venture to strengthen India’s air conditioning business. 

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

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Hexa Research

Felton Office Plaza

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28 March 2019, The global Business Intelligence Market is predicted to witness substantial growth owing to rising demand for big data analytics across the globe. Business intelligence (BI) comprises a wide range of applications, tools, and techniques that allow organizations to analyze data obtained from sources and run queries against it. It is a process driven by presentation of prosecutable information and data analysis to support organizations in making better business decisions. In addition, BI can help corporates increase their operational efficiency and gain a competitive edge over other. It can also offer efficient resource allocation and inventory management.

Increasing use of mobile devices like mobiles, tablets, and laptops generating large amount of data is anticipated to propel demand for business intelligence. Advent of internet of things (IoT) enabled technologies and growing adoption of big data analytics among organizations can impel market growth. Growing need for the development of indicator patterns to identify opportunities and threats in the business can augment market expansion in the coming years. In addition, increasing use of cloud-based BI solutions by small and medium-sized enterprises can boost market revenue. Moreover, rising volume of consumer data in the retail and BFSI sectors can propel demand for advanced BI solutions in the coming years.

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Low awareness regarding benefits of business intelligence and lack of software experts to handle it efficiently can hamper market growth. However, growth of the e-commerce sector in developed and developing economies can create lucrative opportunities for the BI market.

The BI market can be segmented on the basis of software, deployment, and application. Based on software, the market can be categorized into advanced and predicted analytics, query reporting & analysis tools, location intelligence, content analytics, data warehousing platform, and enterprise performance management. In terms of deployment model, the market can be classified into hybrid, on premise, and cloud. On the basis of application, the market can be segmented into education, healthcare, energy and power, government, media and entertainment, retail, and manufacturing.

North America is expected to hold the largest market share in the coming years owing to high adoption rate of BI solutions. Presence of key market players in the region like Microsoft Corp., Juniper Networks, Verizon Wireless, and Rackspace can impel regional growth. Launch of innovative BI solutions in the region can gain traction among consumers. For instance, WideOrbit launched a new cloud-based business intelligence solution. It allows media companies to use sales, traffic, and billing data to handle inventory, financial risk, and pricing. Similarly, Momentum Worldwide launched its first BI platform that leverages artificial intelligence to absorb unstructured and structured data in order to offer real-time insights. The insights further help businesses to have a better understanding of their consumers.

Asia Pacific is anticipated to witness substantial growth in the coming years due to growth of the retail sector in developing countries, such as Malaysia, India, China, and Thailand. Growing adoption of BI software among retailers to increase their operational efficiency can augment regional market growth. Rising penetration of big data and IoT can fuel demand for advanced BI solutions in these developing countries. Growth of the manufacturing sector in India is likely to impel demand for enterprise resource planning (ERP) system, which, in turn, can boost market expansion. Increasing penetration of smartphones, machine learning, and high speed internet in China can stimulate product demand in the coming years.

The market in Europe is likely to expand significantly in the coming years owing to rising adoption of BI solutions. Launch of new BI platform by companies to expand their business across the globe can impel regional growth. For instance, Absorb Software launched its new BI module to offer advanced data visualization and custom reporting to organizations. Similarly, Deliveroo unveiled its new business intelligence unit in Singapore. The unit will examine local food trends, eating habits, tastes, and local restaurants. In addition, it will identify local companies and brands to improve their services. Some of the leading companies operating in the business intelligence market are Microsoft Corp, Rackspace, Juniper Networks, SAP SE, and Verizon wireless.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

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Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

2 January 2019, The Global E-Learning Market is anticipated to display notable growth in the coming years owing to recent developments in information technology and online education. With rapid digitization across the world, digital tools and platforms such as e-learning have been offering personalized and customized learning experiences. Increasing demand for e-learning, particularly in the early years of a child, has led numerous institutions to progressively transform traditional classrooms to technologically advanced digital class rooms, with a combination of software and hardware solutions. Users have been extensively adopting new methods of learning such as animated and interactive learning tools, thereby giving the market a significant boost.

High penetration of smartphones and other mobile devices has also led to the development of educational mobile applications. An increasing number of leading institutes around the world have been offering a wide range of educational courses through online platforms. For instance, the Indian Institute of Technology (IIT) offers several IT courses such as data algorithms, data structure, and machine learning through massive open online courses (MOOCs). Many colleges and universities are offering blended learning models due to increasing trend of bring your own devices (BOYD). In order to improve classroom-based learning and interaction, teachers have been recording lectures that can be accessible through online platforms. This flexibility is expected to boost market growth in the coming years. Apple recently introduced its free Schoolwork app for teachers. This app can help collaborate one-on-one with students, create assignments, and track students’ progress.

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Apart from schools and colleges, the non-academic sectors are also extensively practicing new learning techniques. Corporate training programs for employees is one of the key application areas, wherein companies have been significantly investing in resources and infrastructure. E-learning platforms assist companies in reducing costs involved in employee training as they can eliminate travel and accommodation costs of trainers as well as trainees. Employees can also go through the educational material several times at no additional costs. The concept of micro-learning has been gaining much traction in corporate settings. It involves small learning units and shorter duration of courses. It helps users learn better and faster over short modules as it provides precise and relevant information.

Implementation of cloud-based solutions and enhancement in IT security solutions have increased the use of e-learning platforms. Microsoft India recently announced a free online course on cloud computing related to data protection regulations, compliance, and security for students, businesses, and legal professionals. Launched in association with myLaw, this two-phased online audio-visual course covers topics related to data protection, the fundamentals of European General Data Protection Regulation (GDPR), security, and some of the best cloud practices. The first phase is titled “Cloud Computing: Data Protection Regulation" while the latter phase of the course is titled “Cloud Computing: Data Protection Compliance.”

Increasing development and adoption of visual technologies such as augmented reality (AR), virtual reality (VR), 3D printing, and visual data analytics have also created new opportunities for e-learning. Students have been increasingly implementing these technologies in their academic projects across courses pertaining to science, mathematics, technology, engineering, and others.

Rise in cross-border delivery of higher education is also expected to create opportunities for the e-learning market. In cross-border delivery, an institute in one country delivers courses to students in other countries. North America is an early adopter of this and other novel technologies and U.S. is considered as one of the major contributors in the region. However, other regions such as Asia Pacific and MEA are expected to display significant growth in the coming years. In Asia Pacific, emerging countries such as India and China are expected to show notable growth due to rising government spending and rapid digitization. Growth in large-scale deployment of learning technology in schools and colleges in China is a result of content digitization efforts from several federal and municipal school systems. Government support and increasing adoption of distance and mobile education in countries such as UAE, Saudi Arabia, and Oman are expected to create several opportunities in the Middle East.

Some of the key companies operating in the market are McGrawHill; Coursera Inc.; Cornerstone; Cisco Systems; and Udacity Inc.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

Contact Us:                                                    

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]