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The machine vision market is growing at a rapid pace. Factors such as diversified applications of machine vision and the latest trend of miniaturization of optical and electronic devices drive the market growth. Also, the augmenting demand for image processing fosters the growth of the market. Space robots are increasingly becoming a reality, dictating the need for machine vision cameras. Market Research Future (MRFR) expects the Machine Vision Market size to reach USD 15.46 Billion with an 8.18% CAGR from 2017-2022. Various key business segments, market shares, market challenges, and market size are some of the critical factors discussed in this report.
The technology enables ADAS and smart security systems to experience extensive digital-imaging capabilities to deliver in low light conditions, consuming low battery power without human interference all at once.
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On the other hand, prohibitive costs associated with machine vision technology impede the growth of the market. Also, the complexities of processing and analyzing imaging data might pose challenges to market growth.
Nevertheless, increasing smart city projects worldwide where machine vision capabilities are increasingly deployed to ensure security and safety would support the market growth throughout the assessment period. Hyperspectral imaging is extensively used by the military surveillance sector. Similarly, the adoption of hyperspectral in various sectors like mining & mineralogy, healthcare, and environment testing fosters market growth.
Machine Vision Market Drivers
Fabricating organizations across the globe are getting ready to put more in robotization post-COVID-19, and the requirement for mechanized quality confirmation has additionally expanded as organizations have perceived its importance in assembling processes. Be that as it may, this need is additionally expanded because of the flare-up of COVID-19 because of less human contribution simultaneously. This finished in boundless acknowledgment of machine vision as an essential piece of the drawn out mechanization advancement processes.
Machine Vision Market – Segments
Machine Vision Industry has been segmented into Type, Application, Components, and End-User.
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Machine Vision Market – Regional Analysis
Asia Pacific is the largest market for machine vision globally. Rising automation across the manufacturing sector in the region drives market growth. Besides, strong competition between consumer electronics companies fuels the adoption of machine vision systems in the region. India, Japan, China, and South Korea account for sizable shares in the regional market, with the largest manufacturing facilities undergoing automation and upgrades of manufacturing processes.
Europe stands second in the global machine vision market, heading with the augmented demand from the healthcare and automotive sectors. Additionally, increasing application areas and integration and rapid advances in machine vision technology substantiate the growth of the market.
Machine Vision Market – Competitive Landscape
The machine vision market appears fiercely competitive owing to the various dynamic and diversified international players forming a competitive landscape. Constantly innovating technology providers seek market expansion by various strategic initiatives, such as M&A activities and increasing investments in R&D activities and expansion.
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Vendors employ constant improvement strategies to update and analyze the software, implement improvements and launch new technologies meeting the changing consumer requirements. For which they develop an entrenched infrastructure that can allow seamless implementation of technologies. In view of immense revenue generation opportunities, new entrants are increasingly attracting towards the market only to find it further challenging to survive with the new technologies.
Machine Vision Market Key Players:
Key Players leading in the market are –
The AI robots market is growing continually, mainly due to the proliferation of automation across industries. Advances in production and manufacturing processes have sped up the growth of the AI industrial robots market. Moreover, growing applications of AI robots in warehousing and logistic application escalate the market growth. Advances in robotics and farming technologies boost the market size.
According to Market Research Future (MRFR), the AI robotics market is expected to garner significant gains by 2027, growing at an impressive CAGR during the review period (2020 – 2027). The research report provides data on market shares, market tactics, growth factors, and the impact of the Post COVID-19 on both small and large business sectors.
Additional factors bolstering the growth of the market include the increasing need for unmanned vehicles in the military and space and the recent trend of using AI robots for delivery purposes. On the flipside, the lack of universal standards for the development of AI robots is a major factor impeding the market growth. Nevertheless, technology upgrades expected during the coming years would support the market growth throughout the review period.
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AI Robots Market - Segmentation
Software
Hardware
Global AI Robots Market by Type
Service Robots
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Industrial Robot Traditional Industrial Robots
Collaborative Industrial Robots
Global AI Robots Market by Technology
Global AI Robots Market by Application
Law Enforcement:
Military & Defense
Public Relations:
Personal Assistance and Care
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AI Robots Market - Regional Analysis
North America dominates the global AI robots market, heading with huge technological advancements in robotics. Additionally, the increasing demand for AI robots from the logistics industry and increasing focus on enhancing UAV communication capabilities, especially in the defense sector, drive the regional market's growth. Massive spending on growing military activities and UAV applications has opened up a big market for AI robots.
The AI robots market in Europe accounts for the second-largest market globally. Most European countries are initiating AI robot applications in commercial and industrial sectors, which have led to the expansion of the AI robots market in the region. Moreover, increasing R&D investments and burgeoning industries, such as healthcare, retail, and military sectors, are key tailwinds for market growth.
The Asia Pacific region has been emerging as a promising market for AI robots globally. India and China are increasingly investing in commercial and military UAV activities, leading to favorable growth prospects. Of these, India has the maximum potential to grow during the forecast period. Furthermore, the rapid economic growth increased R&D activities, and the demand for new AI technology from the burgeoning sectors such as automotive and aircraft propel the regional market.
AI Robots Market - Competitive Analysis
Highly competitive, the AI robots market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product/ technology launch to maintain their positions and gain a competitive advantage in this market. These players focus on new product development initiatives and geographical expansion.
AI Robots Market key Players:
Players leading the global AI robots market include
Expense Management Software Market Analysis
Expense management software market size is expected to grow from USD 3,215.8 million in 2019 to USD 10.56 Billion by 2030, growing at a compound annual growth rate (CAGR) of 12.8% during the forecast period. The report studies Expense management software industry by highlighting the individual companies, investors, producers, distributors, and providers of raw materials.
An expense management software tool helps enterprises in streamlining and automating processes for delivering expense report management. It has multiple advantages such as reimbursing expenses reports along with its growing perks, employee expense reports processing, and reduction in efforts and time for hassle-free submission and approval. Mobile terminal, PC terminal, and others are the different types of expense management software that has wide applications in large businesses, mid-sized businesses, and small businesses.
This software aids employees to manage as well as report their business expenditure. Besides, the expense management software is used via finance teams for managing travel requests, expense reports, and reimbursements. The software will help to streamline each facet of expense management for minimizing the perils related to traditional expense management. The automated expense management software, along with eliminating the hidden costs and risks included in expense reporting, also at the same time eases the process in its entirety. Above all, it reduces unnecessary manual work both for employees & finance teams.
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Various factors are propelling the expense management software market share. As per the current MRFR report, such factors include an increase in consumers’ disposable income that has resulted in the huge adoption of smartphones & adoption of expense management software, reduction in smartphone prices, the emergence of 5G that is crucial for constantly growing adoption of smartphones, and constant developments in network technologies like 4G/LTE, and 3G. Additional factors adding market growth include improved financial security, scalability, increasing productivity, controlling costs, monitoring employee expenditure, and centralization of expense-related data in enterprises.
On the contrary, security concerns & lack of interoperability are factors that may limit the global expense management software market growth over the forecast period. Also, the COVID-19 impact is also hampering the market growth.
Expense Management Software Market Key Players
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Expense Management Software Market Segmentation
By Type
By End User
By Vertical
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Expense Management Software Market Regional Analysis
North America will dominate the expense management software market over the forecast period. The US holds the utmost share in the market, which is predicted to touch USD 2,510.3 million at a 12.0% CAGR by 2025.
The global expense management software market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing demand for expense management software and a rise in per capita income are adding to the global expense management market growth in the region. It is predicted to touch USD 593.3 million at a 14.1% CAGR by 2025.
The global expense management market in Europe is predicted to have healthy growth over the forecast period. It is likely to touch USD 1,615.5 million at an 11.0% CAGR by 2025.
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Micro-learning Market Overview
According to Market Research Future, the micro-learning market report explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. It focuses on short-term strategies specially designed for skill-based understanding/learning/education. Microlearning refers to micro-perspectives of learning, education, training, and skill development. The main benefits of micro-learning for enterprises are personalization, just-in-time learning, effective and varied learning, and affordability. Microlearning is mainly used by trainers and learning & development departments in an enterprise.
Micro-learning Market Key Players
Micro-learning Market Segments
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By component, the microlearning market has been segmented as follows:
By organization type, the microlearning market has been segmented as follows:
By deployment type, the microlearning market has been segmented as follows:
By industry, the microlearning market has been segmented as follows:
Micro-learning Market Regional Analysis
By Region, the Global Micro-Learning Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to be the largest market due to the growing need for skills-based and result-oriented training among enterprises in the region.
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Report Overview:
The following report comprises of
The value place on the human component of businesses is estimated to promote the HR payroll software market 2022. The HR payroll software market statistics represent that the market valuation by the end of 2030 is expected to reach approximately USD 15.37 billion with a compound annual growth rate or CAGR of 11.2 percent between 2020-2030. The HR Payroll Software Market report summarizes the latest trends, lucrative business expansion opportunities for the companies, for the HR Payroll Software manufacturers, suppliers, and distributors.
The highly customizable nature of the payroll software solutions that are being offered presently is estimated to motivate the payroll software market size relatively. The outbreak of the COVID-19 pandemic is estimated t further increase the reliance on HR payroll software to reduce discrepancies and control expenses.
HR Payroll Software Market Segmental Analysis
The segmental assessment of the HR payroll software market is conducted on the basis of type, application, services, deployment, end-user, and region. Based on the type, the HR payroll software market comprises of claims reimbursement software, employee self-service software, and leave management software. The application-based segmentation of the HR payroll software market comprises of time & attendance, employee benefits, tax filings, payroll, reimbursement & loan, employee records, performance review, leave management, learning management, and others.
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Based on the services, the HR payroll software market comprises of up-gradation, service activity reports, modification, installation, and HR shared services. Based on the deployment, the hr payroll software market comprises of cloud-hosted deployment and on-premises deployment. Based on the end-user, the hr payroll software market comprises of medium-scale industry, small scale industry, large scale industry, and others. On the basis of regions, the HR payroll software market Comprises of North America, Europe, APAC, and the rest of the regions in the world.
HR Payroll Software Market Detailed Regional Analysis
The regional review of the HR Payroll Software market is being studied for regions such as North America, Europe, APAC, and the rest of the regions in the world. The HR payroll software system has been motivated by the boost in its client base for online retirement services, HR administration products, insurance services, HR solutions, and an augmentation in the number of health & benefits applicants. It has been noted that the North American region is the principal market in the HR payroll software market. The study uncovers that the European region is projected to illustrate an optimistic expansion in the HR payroll software market throughout the forecast period. The Asia-Pacific nations like Japan, China, and South Korea have a reasonable portion of the HR payroll software market.
HR Payroll Software Market Competitive Analysis
The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period. The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth. Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation.
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HR Payroll Software Market Key Players
Network Automation Market Overview:
The Global network automation market value is expected to be worth USD 27 billion by the end of the current forecast period in 2023. The report provides Covid-19 Impact on Network Automation Market research includes highly useful reviews and strategic assessments, including profiles and strategies of leading companies, as well as general market trends, emerging technologies, industry drivers, challenges, expert review & forecast.
Network automation refers to automating the tasks of a computer network. It tends to be sent through the combination of equipment and programming arrangements which can help oversee and execute network processes. Network mechanization assumes an imperative part in network virtualization and SD (Software characterized) organizing, permitting robotized provisioning of virtual organization capacities, for example, virtual burden adjusting.
Consolidation of Network Automation benefits includes:
Mechanization can be conveyed in different sorts of organizations, for example, server farm organizations, cloud organizations, remote and WAN (Wide Area Networks) through an application programming interface.
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Utilizing the elements above, organizations can convey the more significant level of administrations with more consistency across branches and geologies. The ascent in the reception of virtual and programming characterized a wide region network framework across ventures. Interest in transfer speed across SMEs is driving the worldwide Network Automation market.
The interest in cutting-edge organizing arrangements by significant associations and weighty interests in innovative work of Network Automation is fuelling the market development. Notwithstanding, the open-source network mechanization arrangements will chain the market development during the estimated period.
Network Automation Market Segmentation Overview:
The Network Automation Market is fragmented based on the part, network foundation, sending, association size, vertical, and area.
The portion is additionally grouped into arrangements and administrations based on the part. The arrangement can be additionally sectioned into SD-WAN, network automation devices, and plan-based working. The administrations can be additionally ordered into proficient and overseen administrations.
Based on the network framework, the portion is additionally characterized into actual organization design, virtual organization arrangement, and mixture network setup. Based on sending, the section is additionally grouped into on-cloud and on-premise.
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The portion is additionally ordered into SME and enormous endeavour based on association size. The organization's computerization is broadly conveyed in numerous verticals like IT and Telecommunications, media and diversion, energy and utilities, and others.
Network Automation Market Regional Analysis:
The worldwide Network Automation market is examined in North America, Europe, Asia Pacific, and the rest. North America is relied upon to hold a significant portion of the overall industry and is relied upon to proceed through the figure time frame. The developing reception of associated gadgets in the district and central parts of the area is driving the market here.
The Asia Pacific is relied upon to show a high development rate during the figure time frame. The rise of cloud systems administration and high requests for network automation across agricultural nations like China and India are driving the market around here. The fast reception of colocation of server farms and web of things is fuelling the market development here.
Recent Developments:
June 2021-IBM reported the dispatch of new crossover cloud AI-controlled computerization programming for correspondences specialist co-ops (CSPs) to help follow through on the guarantee of 5G, including zero-contact tasks, diminished expenses, and the fast conveyance of creative administrations to clients. In a wide scope of conditions, CSPs can utilize AI-fuelled computerization to rapidly stand up and oversee networks and is designed to scale new administrations in days rather than months.
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Network Automation Market Key Players
Enterprise Content Management (ECM) Market Analysis
Enterprise Content Management (ECM) Market size was at USD 40.62 billion in the year 2019 and expected to surpass over USD 127 billion by the year 2026 while registering over 18.1% in the forecast period. The report begins with the basic Enterprise Content Management (ECM) Software Market overview, which includes the market definition, market scope, and the target audience.
The Public Key Infrastructure is a technological advancement used in the field of digitalization to support the purpose of the user and device authentication. It consists of a collection of hardware, software policies, roles, and a process used to create, manage, and distribute digital certificates and certify that a particular cryptographic own by the user. It serves as virtual proof of identification. It is widely used in the IT and telecommunications industries, retail and e-commerce, financial services, and many other fields.
Rising market demand for digital certificates to allow businesses to encrypt data, digitally sign certificates, and authenticate users is expected to drive industry development. Increasing digitalization in various industries has resulted in a greater need for digital authentication to protect enterprise infrastructure. The growing market demand to reduce the cost of authentication processes in various industries such as banking, healthcare, and e-commerce is driving the rapid adoption of public-key encryption solutions.
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COVID-19 Impact on the Public Key Infrastructure (PKI) Market
The COVID-19 pandemic has brought forth the glaring gaps in cybersecurity in major companies. The transition to digital transformation, as well as the need for public key infrastructure for management of public keys, can present a lucrative opportunity for solution providers. Investments in security solutions, as well as the acceleration of work-from-home connections, have increased the need for reliable certificates and keys.
Enterprise Content Management (ECM) Market Segmentation
The global public key infrastructure (PKI) industry has been segmented into solution, deployment, and end-users.
By Solution
By Service
By Deployment
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By Organization Size
By Vertical
Enterprise Content Management (ECM) Market Regional Analysis
By region, the global public key infrastructure (PKI) market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
Because of the growing use of PKI for safe transactions, the market in North America is projected to account for a significant share of the target market in terms of revenue. Furthermore, early adoption of PKI services and solutions, as well as the presence of major players in the countries in the region, is a primary factor influencing growth in the North American public key infrastructure market. The APAC market is expected to witness a significant growth rate in the global market.
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Enterprise Content Management (ECM) Market Key Players
Enterprise Content Management (ECM) Market Report overview
This report has covered
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Cloud PBX Market Analysis
The cloud PBX market size is predicted to touch USD 5169.3 million at a 23.17% during the forecast period (2022- 2027), states the latest Market Research Future’s (MRFR) cloud PBX market forecast report. The Cloud PBX System Market Research Report study covers global and regional markets with an in-depth analysis of the overall growth prospects of the market. The full profile of the company is mentioned. It also includes capacity, production, price, revenue, cost, gross profit, gross profit, sales volume, sales revenue, consumption, growth
Cloud PBX Market Drivers/Cloud PBX Market Trends
Reduced Operation Cost to Boost Market Growth
The reduced cost of operation will boost the market growth. The cloud PBX has reformed and revolutionized the communication process in the business organizations by allowing access to various forms of communication (text messaging, video, and audio), through an IP network. The communication technology provides myriad perks over traditional PBX, yet the cost-effectiveness offered by the cloud PBX over on-premise PBX is the key factor, which has boosted its need in the past years and is likely to influence the cloud PBX market growth in the coming years.
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Opportunities
Proliferation of AI and Learning Algorithms to Offer Robust Opportunities
The proliferation of AI and learning algorithms will offer robust opportunities for the market in the forecast period. It is creating long-term business opportunities for organizations. The modern chat-bots hold promising capabilities for natural language processing, sentiment analysis, and speech to text. Such technologies are used to transcript conversations, identifying what a caller ask, and understand the intent behind such requests.
Restraints and Challenges
Integration with CRM to act as Market Restraint
The integration of the system with customer relationship management may impact the global cloud PBX market share over the forecast period.
COVID-19 Analysis
The COVID-19 pandemic had a highly positive impact on the cloud PBX market. Most of the businesses are working remotely owing to work from home protocols that has increased the need for cloud PBX. The outbreak has led to a dramatic acceleration in interest & adoption of cloud PBX. It solves business challenges of clients like low brand image and limited business reach. This is being attained by offering interactive voice response in platforms and the VoIP technology in systems.
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Cloud PBX Market Segmentation
By organization size, the large enterprise will lead the market over the forecast period and will touch USD 3,699.61 million at a 23.65% CAGR by 2027.
By service, the professional service will dominate the market over the forecast period.
By end user, the healthcare segment will spearhead the market over the forecast period.
Regional Analysis
North America to Precede Cloud PBX Market
North America will precede the market over the forecast period. High adoption of cloud technology, and high technological advances are adding to the global cloud PBX market growth in the region. It had a market share of 40.80% in 2017 and was valued USD 604.04 million.
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Cloud PBX Market Key Players
Cloud PBX Market Report Overview:
The global cloud PBX market in the global market research report consists of the following elements which are mentioned down below-