Software Defined Networking Market Is Projected To Rapid Growth Owing To Rising Demand For Proliferation And Mobility Of Mobile Devices Till 2020

software defined networking market is expected to reach USD 4.91 billion by 2020. Software defined networking separates the control pane from the forwarding plane in a network. This helps in efficient data flow control and provides network administrators with a software-based approach to managing the network. Increasing need to implement cloud computing services in an organized and productive market is expected to drive the market growth. Also, the rise in demand for proliferation and mobility of mobile devices is projected to fuel market growth further over the forecast period.
Software defined network provided a software interface for a system administrator to control and manage the network in an easier and efficient manner thereby helping in setting up of efficient network infrastructure. However, due to the unavailability of any standard process in the implementation of SDN along with difficulty faced in migration from legacy systems is expected to restrain market growth over the forecast period. Rising trend of using BYOD in an organization is projected to serve as an emerging opportunity in the market.
Enterprises accounted for over 38% of the market share in 2013 and were the largest end-user segment. This trend will continue over the forecast period owing to increasing demand from various end-users including retail chains and hotels.

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Further key findings from the study suggest:

 ·         Telecommunications service provider segment is projected to be the fastest-growing segment over the forecast period at a CAGR of more than 40% over the forecast period.

·         Cloud virtualization applications in SDN solution accounted for over 25% market share and are projected to be the fastest and largest growing segment over the forecast period. 

·         North America, due to the need for highly advanced network infrastructure in the region and high penetration of mobile devices, is expected to remain the largest market over the forecast period. 

·         With trends including bring your own device (BYOD) catching up in Asia Pacific due to a growing need for a manageable network, the region is projected to be the fastest-growing market over the forecast period with a CAGR exceeding 45%. 

·         Global SDN market consists of many players providing end to end solutions. The industry is characterized by strategic initiatives such as frequent mergers and acquisition and strategic collaborations to consolidate market share and offer software, hardware as well as services. Some of the major industry players are NEC, Juniper Networks, VMware, HP, and Alcatel-Lucent.

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Grand View Research has segmented the SDN market on the basis of end users, solutions, and region:
SDN End Users Outlook (Revenue, USD Million, 2012 - 2020)
            • Enterprises
            • Cloud service providers
            • Telecommunications service providers
SDN Solutions Outlook (Revenue, USD Million, 2012 - 2020)
            • Switching
            • Controllers
            • Cloud virtualization applications
            • Others
SDN Regional Outlook (Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

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Managed Security Services Market To Witness Growth Swiftly Based On Rising Concerns For Malicious Malware Attacks Till 2024: Grand View Research, Inc.

The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period.
Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016.
Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services.

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Further key findings from the report suggest:

·         The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats

·         Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.

·         Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.

·         The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.

·         Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.

·         Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

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Grand View Research has segmented the managed security services market on the basis of type, deployment, organization, application and region:

Managed Security Services Type Outlook (Revenue, USD Million, 2014 – 2024)

• Unified threat management
• DDoS
• Managed SIEM
• Managed endpoint threat protection
• Managed two-factor authentication
• Compliance management
• Vulnerability management
• Others

Managed Security Services Deployment Outlook (Revenue, USD Million, 2014 – 2024)

• Cloud-based
• On-premise

Managed Security Services Organization Outlook (Revenue, USD Million, 2014 – 2024)

• Small and medium enterprises
• Large enterprises

Managed Security Services Application Outlook (Revenue, USD Million, 2014 – 2024)

• BFSI
• Government/Defense
• Healthcare
• Manufacturing
• Telecom & IT
• Retail
• Others

Managed Security Services Regional Outlook (Revenue, USD Million, 2014 – 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• MEA

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Big Data Market To Gain From Augmented Usage In Manufacturing, Healthcare Applications Till 2022: Grand View Research, Inc.

The global big data market size is expected to reach USD 72.38 billion by 2022, according to a new report by Grand View Research, Inc. The amount of data flowing across organizations, both small & medium and large-scale has witnessed immense growth over the last few years, and the trend continues. However, managing, identifying, and extracting valuable information is a challenge.
Evolving consumer demand and contracting budgets put considerable pressure on organizations to the make the right decision to achieve competitive advantage. The big data market is expected to witness growth since it is an easy solution to overcome the given situation and ensure efficient accessibility.
Social media is considered one of the major contributors to demand. Data generated by numerous social media interactions (generally in unstructured form) is considered a veritable source of critical business information. It helps better understand customer behavior, customer satisfaction, and purchase patterns.
Cloud computing and mobility are expected to sweep over the business landscape and transform the traditional way of doing business. Cloud is becoming a ubiquitous storehouse of data while mobility is improving collaboration and connectivity among enterprises, irrespective of location and time, facilitating the seamless exchange of information.

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Further key findings from the study suggest:

·         Software & services segment is poised for significant growth. Surging demand for several business intelligence and analytical tools is expected to be the primary factor driving the segment growth over the forecast period.

·         Big data market penetration into the BFSI and retail sector is higher owing to growing need for monitoring consumer buying preferences. Retail sector is expected to witness rapid, which may be attributed to rise in number of customers and increasing need for analysis in order to design a marketing plan.

·         North America big data market size may be attributed to high penetration across the IT & telecommunication, BFSI and retail sector. Further, technological advancements and emergence of IoT is also expected to fuel regional demand over the next seven years.

·         Key big data market players such as IBM, Cloudera, HP, and Oracle are focusing more on providing customized analytical solutions based on the end-user requirement. Industry players bid to capture share through continuous R&D efforts. 

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Grand View Research has segmented the global big data market on the basis of component, application, and region:
Big Data Component Outlook (Revenue, USD Million, 2012 – 2022)

·         Software & Services

·         Hardware

·         Storage

Big Data Application Outlook (Revenue, USD Million, 2012 – 2022)

·         BFSI

·         Manufacturing

·         Healthcare

·         IT & Telecommunication

·         Government

·         Retail

·         Media & Entertainment

·         Others

Big Data Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

 
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Body Armor Market Will Grow Based Upon Augmented Demand In Law Enforcement Protection Sectors Till 2024: Grand View Research, Inc.

The global body armor market size is expected to reach USD 5,661.0 million by 2024 according to a new study by Grand View Research, Inc.The evolution of modern day warfare has largely become asymmetric in nature and includes counter-terrorism, counter-insurgency, and guerrilla warfare operations. Similar scenarios exist in the law enforcement sectors wherein felons, criminals, and law offenders are capable of fatally injuring responding officers, thus necessitating the demand for body armor equipment.
The rise in military warfare is propelling the need for ballistic protection equipment in order to safeguard the armed forces. Emerging economies, such as India, South Korea, and China, are persistently focusing on the replacement of legacy military equipment and are subsequently increasing their spending in the defense sector. Modernization activities are creating several opportunities for the vendors of body armor, which, in turn, are trying to obtain a competitive edge by collaborating with the military agencies through a contractual process.
The defense agencies in developed countries, such as the U.S., Canada, and France, are laying high emphasis on enhancing personal protection for armed forces & ground troops and are, thus, focusing on upgrading the conventional protective headgears and body armor capabilities.
Technological advances are the key instruments in accelerating the market growth as innovative techniques, such as liquid body armor and dragon skin, are gaining momentum. In addition to this, the demand for modular tactical vests and double-sided combat uniforms is on a rise due to its features offering enhanced protection and ensuring soldier survivability.
Prominent manufacturers of personal protection suits are increasingly investing on R&D activities for the development of advanced fibers, fabrics, and nanotechnology materials to improve the effectiveness of the body armor. The use of modular tactical vests is gaining momentum and is rapidly replacing the conventional Outer Tactical Vest (OTV), which limits the soldier’s efficiency of carrying additional assault load such as magazine (firearms) and grenades.

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Further key findings from the study suggest:

·         The type 3A segment accounted for 21.8% of the overall market share (in terms of revenue) in 2015. The body suit offers protection against the type 1, type 2A, type 3, and most handgun threats. Furthermore, the armor is suitable for the full-time wear in several warfare and combat situations.

·         The civilian demand for personal body suits accounted for 7.4%of the total market share (in terms of revenue) in 2015 and is anticipated to reach 7.7% by 2024. The demand is particularly high in the U.S. A significant rise in the crime rates and incidents of mass shooting in the U.S. is driving the demand for armor vests among civilians.

·         The ‘other’ materials segment is presumed to witness an upsurge in the demand owing to the wide-scale adoption of nanotechnology materials fibers and fabrics, such as Kevlar and STF, among others, for manufacturing breathable and light-weight body protection suits. The ‘other’ materials segment accounted for 14.2% of the global market share(in terms of revenue) in 2015 and is projected to account14.9% by 2024.

·         The North American regional market accounted for 49.5% of the global revenue share in 2015. Government initiatives, such as the U.S. Army Equipment Modernization Strategy and Soldier Protection System (SPS), are remarkably contributing to the industry expansion in the North American region.

·         Prominent players operating in the market include AR500 Armor, Ballistic Body Armor (Pty) Ltd., Aegis Engineering Ltd., BAE Systems, Craig International Ballistics Pty Ltd., Kejo Ltd., Hellweg International, Point Blank Enterprises Inc., Pacific Safety Products Inc., and Safariland LLC.

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Grand View Research has segmented the global body armor market on the basis of type, application, material, and geography:
Body Armor Type Outlook (Revenue, USD Million, 2014 - 2024)

·         Type 1

·         Type 2A

·         Type 2

·         Type 3A

·         Type 3

·         Type 4

Body Armor Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Defense

·         Law enforcement protection

·         Civilians

Body Armor Material Outlook (Revenue, USD Million, 2014 - 2024)

·         Steel

·         UHMWPE

·         Aramid

·         Composite ceramics

·         Others

Body Armor Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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