New Report - UAV Payload Market Study To 2022: Grand View Research, Inc.

The global UAV payload market size is expected to reach USD 6.34 billion by 2022 according to a new report by Grand View Research, Inc.
Technological advancements and increasing investments in R&D have driven the UAV market. Increasing demand in military and commercial UAV industry has propelled industry growth.
Payloads are a part of larger drone system and depend on the application segment of the UAV system. UAV payload comprises sensors, cameras, gimbal controllers, communications systems, and weaponry. Applications of such UAVs in energy, agriculture, retail, and media and entertainment sectors along with fire fighting and surveying are expected to positively impact payload industry growth.
Drones are gradually becoming popular in the commercial sector as well after making their presence felt in the military sector. However, stringent government policies regulating the use of such UAVs commercially are expected to pose a challenge to the payload industry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/uav-payload-market

North America UAV payload market revenue by equipment, 2012-2022, (USD Million)

 

 Further key findings from the report suggest:

• Camera, imagers, and sensing equipment segment led the global UAV payload industry accounting for nearly 40% of the industry revenue share in 2014. Increasing applications in law enforcement and surveillance activities are expected to drive the demand for such equipment over the next seven years. Moreover, use of drones with high resolution cameras in commercial film industry and aerial photography activities is expected to generate considerable demand for such equipment.
• Radar and communication equipment form an essential part of military and commercial UAS. These form a link between the drone operator at the ground control unit and the UAVs enabling efficient navigation and maneuvering. Weaponry payload equipment is projected to grow at a CAGR of over 5% owing to the increasing adoption and deployment of drones in military and defense activities across the globe. Other payload equipment such as agricultural equipment, delivery drone equipment, and panels for solar-powered drone are anticipated to witness steady growth over the next few years.
• North America dominated the global UAV equipment industry acquiring over 40% of the overall global revenue share in 2014. Extensive use of advanced military drones in combat operations and war zones is expected to drive growth in the region. Favorable initiatives by the government and aviation regulatory authorities such as the FAA in the U.S. and EASA in the European region regarding the use of commercial drones have led to an overall surge in demand for drone payload in the region.
• Projected to grow at a CAGR of 5.6% from 2015 to 2022, Asia Pacific regional market is anticipated to be a region with vast growth avenues in the industry. Increased investments by countries such as China, India, and Japan in military and commercial drones are expected to derive huge demand for drones and its payloads over the forecast period.
• Key drone payload manufacturers include Israel Aerospace Industries, L-3 Communications, Insitu, Orbit, and Textron Inc. Vendors are increasingly adopting mergers and acquisitions to establish dominance in the market. Drone manufacturers collaborate with technology suppliers to enhance their products as compared to their competitors’ products in the industry.

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Grand View Research has segmented the global UAV payload market on the basis of equipment and region:
UAV Payload Equipment Outlook (Revenue, USD Million, 2012 – 2022)

• Cameras & Sensors
• Radar & Communications
• Weaponry
• Others 

UAV Payload Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Market Report - Shared Services Centers Market Growth, Trends and Forecast To 2022

Over 75,000 shared services centers market are expected to be established globally by 2022, growing at a CAGR of close to 30% from 2015 to 2022, according to a new report by Grand View Research, Inc.
A shared services center (SSC) is a devoted unit that focuses on defined business functions and is structured as a centralized delivery location and point of service. The unit is responsible for specific functions, such as security, purchasing, compliance, legal, IT, payroll, HR, and accounting.
The growth prospects for this market are bullish due to increased needs for reducing costs and improving the quality of delivered services. Resourceful implementation of SSC in operational stages yields greater operational efficiency and cost reduction, while enhancing productivity. Deployment of SSC framework helps companies to focus on enhancing operations.
Availability of skilled low cost labor, tax relaxation and favorable government initiatives in select geographies such as India, China, Latin America, and some parts of Eastern Europe are envisioned to drive industry growth.
However, the complexity associated with the implementation of such a framework is presumed to challenge industry growth, as it involves the assigned tasks to be performed and shared dynamically across the various business units involved. To achieve cost reduction, organizations operate in a low cost location. However, doing so without the standardization of procedures is expected to increase the organization’s inefficiency and is expected to hinder SSC establishments.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/shared-services-center-market

Asia Pacific shared services center market by end-use, 2012-2022, (units)

 

 Further key findings from the report suggest:

• Poised to witness considerable growth over the next seven years, pharmaceutical & clinical end-use accounted for 11% of the overall market share in 2014. Rapid increase in the need to reinvent traditional pharmaceutical R&D model to continue developing new products cost-effectively and efficiently, and adjust to the industry’s new realities is expected bolster demand over the forecast period.
• Projected to grow at an estimated CAGR of 35% from 2015 to 2022, legal end-use is expected to drive the SSC industry over the forecast period. Over the last few years, emergence of new technologies coupled with the need to reduce costs in the wake of global downturn has significantly forced corporate legal departments and law firms to change their traditional business approach and to adopt shared services and outsourcing associated with the legal profession.
• BFSI end-use accounted for over 20% of the overall revenue in 2014, and is presumed to witness significant growth in the market share over the forecast period, owing to the emerging trend among companies to enhance global presence and customer satisfaction. Availability of huge and highly educated workforce, lower wages, and improved English capabilities in countries across Asia Pacific and Eastern Europe are envisioned to boost industry growth.
• Projected to grow at an estimated CAGR of over 25% from 2015 to 2022, manufacturing end-use is expected to witness healthy growth in the foreseeable future. Organizations consider Asia Pacific as the most attractive market for off-shoring destination owing to the lower wages, higher employment rates, availability of pool of talents, and skilled and educated employees in the region, which are expected to drive industry growth.
• The Asia Pacific regional market is poised for high growth throughout the forecast period. It accounted for close to 30% of the overall market share in 2014. Close-knit cultural homogeneity coupled with low-cost arbitrage has made the Asia Pacific region a preferred destination for SSC establishment.
• The presence of a large number of universities, eventually enabling access to skilled labor force, multi-lingual skills in professionals coupled with cultural similarity to Western Europe is presumed to have driven growth in the European region.

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Grand View Research has segmented the global shared services center market on the basis of end-use and region:

SSC End-Use Outlook (Units, 2012 – 2022)

• Pharmaceutical and clinical
• Legal
• BFSI
• Manufacturing
• Other end-use

SSC Regional Outlook (Units, 2012 – 2022)

• North America
• Europe
• CEE
• Asia Pacific
• Latin America
• MEA 

Enterprise Application Market Hits USD 259.51 Billion By 2022: Grand View Research, Inc.

The global enterprise application market size is estimated to be worth USD 259.51 billion by 2022, according to a new study by Grand View Research, Inc.  Increasing need among organization for single data access point is anticipated to drive industry growth over the forecast period.
Implementation of enterprise application solution enables real time data and information flow along with level running of business process. Use of these solutions enable better customer engagement, inventory management, quality management and supply chain management. Increasing IT budget of the companies is expected to favor industry growth over the next seven years. Availability of open source solution and high maintenance cost may hinder industry growth over the next seven years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/enterprise-application-market

Further key findings from the study suggest:

• Web conferencing is useful for conducting seminars, business meetings, online presentations, online educations, demonstrations, and offering direct customer support. Companies adopt web conferencing to reduce geographical barrier and enable effective communication across regions. Solution such as Business Process Management (BPM) and Business Intelligence (BI) enables efficient information processing to facilitate organizational development. Business Process Management (BPM) offers benefit such as increased customer satisfaction, improved agility, cost saving, greater team satisfaction and full transparency of all activities across the organization. Content Management System (CMS) is anticipated to grow at a CAGR of around 13% from 2015 to 2022.
• Healthcare sector is estimated to grow at a CAGR of over 8.5% from 2015 to 2022. Increasing need for real time data transparency is anticipated to drive growth over the forecast period. Industries such as BFSI, healthcare, retail, and telecom adopts these solutions to enhance customer experience and value proposition..
• Industry players use on-premise and cloud delivery models for deployment of the software. Cloud-based solution is becoming popular among small scale industries owing to budget limitation and its benefit. In 2014, on-premise cloud solution accounted for around 67% of the overall revenue share. Pay-per-use model and scalability are the main factor driving cloud-based solution growth.
• North America enterprise application market is estimated to be major regional segment owing to changing organizational structure and customer centric approach of the companies. Europe enterprise application market is estimated to grow at CAGR of around 6% over the forecast period in 2014, and accounted for over 30% of the revenue share. Asia Pacific enterprise application market is anticipated to witness growth owing to rising number of start up and presence of large number of small scale industries. Cloud-based solution may witness increase in demand in the region owing to popularity of it among small scale industries.
• The key industry participants include Key players include Hewlett Packard (HP), Oracle, Microsoft Corporation, IFS AB, SAP, QAD Inc., IBM Corporation, Epicor software Corp., and Infor. In 2014, SAP invested USD 2.54 billion in research and development to enhance their offering. In March 2014, SAP announced the acquisition of Fieldglass, a vendor management system provider.

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Grand View Research has segmented the enterprise application market on the basis of product, end-use, deployment, and region:
Enterprise Application Product Outlook (USD Billion, 2012 – 2022)

• CRM
• ERP
• SCM
• Web Conferencing
• BI
• BPM
• CMS
• EAM
• Others

Enterprise Application End-Use Outlook (USD Billion, 2012 – 2022)

• Manufacturing
• BFSI
• Healthcare
• Retail
• Government
• Aerospace & defense
• Telecom & IT
• Others

Enterprise Application Deployment Outlook (USD Billion, 2012 – 2022)

• On-premise
• Cloud

Enterprise Appliances Regional Outlook (USD Billion, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

Identity And Access Management Market Hits USD 24.55 Billion By 2022: Grand View Research, Inc.

The global identity and access management market is expected to reach USD 24.55billion by 2022, according to a new report by Grand View Research, Inc. Increased spending by large scale enterprises and government organizations along with stringent regulatory compliances are expected to drive industry growth. Rise in web-based applications, risk management such as policy-based compliance and audit management combined with cost containment are the key factors driving demand. Additionally, growing popularity of connected devices, Bring Your Own Device (BYOD) and Internet of Things (IoT) are projected to positively impact the identity and access management market.

Growing innovation with interoperable technologies are enabling providers in building advanced solutions including secure print authentication and EV charging station access.

The global IAM market is expected to witness significant growth owing to surging demand across various application segments. Cloud-based and hybrid solutions are estimated to extend their footprints in the industry with enhanced security and minimize error rates features. Commoditization of identity functions and the explosion of available applications are expected to compel enterprises to seek more scalable options.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/identity-and-access-management-iam

U.S. identity and access management market share by deployment, 2012 – 2022 (USD Million)

 

Further key findings from the report suggest:

• Cloud-based identity and access management marketis expected to witness robust demandby 2022, growing at a CAGR of over 18% from 2015 to 2022. Cloud is changing the way a business operates, driven by economies of scale and cost- effectiveness. Cloudis expected to redefine the traditional IT security landscape and gain maximum share of on-premise solutions by blending cloud technology in the IAM landscape.  Rising demand for cloud-SSO is also a key factor supporting expansive adoption among enterprises.
• Public sector and utilities sector accounted for over 25% of the revenue in 2014 and is anticipated to exhibit significant growth over the next seven years. Notable trends such as economic growth, industrial transformation, and demographic changes need to be mastered by matching infrastructure and effective administration, thus driving demand.
• North Americaidentity and access management market dominated demand in 2014, and is expected to account for over 34% of the overall share by 2022.Many federal agencies across the U.S. require employees to use a hardware-based personal identification verification card or an alternative form of strong authentication while accessing government IT infrastructure and networks. Various federal government agencies such as department of the interior, transportation and veteran affairs are implementing strong authentication measures which are estimated to drive demand across this region.
• Identity and access management market share is occupied by companies such as IBM, NetIQ Corporation, Oracle, CA Technologies and HID Global Corporation. Companies operating across cloud platforms are offering complete on-demand development tools and environment such as cloud database and cloud infrastructure layer which is enabling enterprise IT groups to test, develop and deliver customer on-demand business applications without investing in traditional system infrastructure or software.

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Grand View Research has segmented the Identity and Access Management (IAM) market on the basis ofdeployment, end-use and region:

IAM Deployment Outlook (Revenue, USD Million, 2012 – 2022)

• Cloud
• Hybrid
• On-Premise

IAM End-Use Outlook (Revenue, USD Million, 2012 – 2022)

• BFSI
• Energy, Oil & Gas
• Telecom & IT
• Education
• Healthcare
• Public Sector & Utilities
• Manufacturing
• Others

IAM Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA