ERP Software Market Size Worth USD 48.22 Billion By 2022: Grand View Research, Inc.

Global ERP Software market is expected to reach USD 48.22 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand from aerospace & defense, government utilities, and retail is expected to augment growth over the next seven years. In addition, extensive R&D and technological advancements in deployment methods to reduce cost is expected to fuel growth over the forecast period.
Technology advancement has been a major factor challenging industry growth. Cloud-based applications have been highly adopted to reduce deployment costs. Furthermore, facilities including easy access to ERP software via mobile phones helps stay in contact to business related information, thus facilitating real-time decision making which is expected to increase market demand over the next seven years.

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

North America ERP software demand, by function, 2012-2022(USD Million)

 

Further key findings from the report suggest:

• On-premise deployment model was valued at over USD 17,010.0 million in 2014. Organizations use and store ERP software on their own hardware at their premises, reducing dependency on third party vendor. These factors have led to increased demand for on-premise deployment software in the market, thus, is expected to drive product need over the forecast period.
• Finance function segment is expected to grow at a CAGR over 7.0% from 2015 to 2022. Growing emergence of financial businesses and service sector would provide lucrative growth opportunities for the ERP software market. Most of the businesses are expected to implement financial ERP module over the next few years to improve their business efficiency and productivity which is expected to be key driver for growth.
• Manufacturing & services was valued at over USD 5,110.0 million in 2014. This sector uses ERP for a wide range of business functions such as monitoring of daily operations, tracking day-to-day performances, collaborating with multiple departments to improve internal efficiencies and customer services.
• Medium enterprises have been trying to find a suitable software solutions that would help them increase their operational efficiency, reduce cost of production and ensure on-time product delivery. Development of cloud based ERP software coupled with increased demand for industry specific ERP software is expected to augment growth over the forecast period.
• North America ERP software market demand was valued at over USD 11,330.0 million in 2014. Enterprises in the region have adopted ERP software in an effort to make financial transactions more transparent. The demand for ERP software for this function is expected to grow at above average rate over the forecast period.
• Key market participants include Oracle Corporation, International Business Machines (IBM) Corporation, Microsoft Corporation, SAP SE, Infor, Sage Group Plc, NetSuite Inc., Totvs S.A., Unit4 and Syspro. The companies have been developing new products in order to cater to increasing demand for industry dedicated ERP software. In addition, changing technology has led to increased focus towards cloud technology.

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Grand View Research has segmented the global ERP software market on the basis of deployment, functions, verticals, end-user and region:

Global ERP Software Deployment Outlook (Revenue, USD Million, 2012 - 2022)

• On-premise
• Cloud

Global ERP Software Functions Outlook (Revenue, USD Million, 2012 - 2022)

• Finance
• Human resource (HR)
• Supply chain
• Others

Global ERP Software Verticals Outlook (Revenue, USD Million, 2012 - 2022)

• Manufacturing & services
• BFSI
• Healthcare
• Retail
• Government utilities
• Aerospace & defense
• Telecom
• Others

Global ERP Software End-User Outlook (Revenue, USD Million, 2012 - 2022)

• Large enterprises
• Medium enterprises
• Small enterprises

Global ERP Software regions Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Rest of World

3D Printing Market Forecast Worth $8,675.7 Million By 2020: Grand View Research, Inc.

The global market for 3D printing was estimated to be USD 2,183 million in 2012, and is expected to reach USD 8,675.7 million by 2020, as per a new study by Grand View Research, Inc. The ability to facilitate low-volume manufacturing in a cost-effective manner is expected to fuel the market over the next few years. Further, the report analyzes that the growing need for flexible and customized products is expected to positively impact demand for 3D printing.
Automotive and healthcare industries in particular, are estimated to be key growth areas for revenue generation. Automotive is expected to be the largest and fastest growing application, with an estimated CAGR of 19.6% from 2013 to 2020. The market for medical applications was valued at USD 397.2 million in 2012, with dental applications expected to contribute largely to this segment. Concerns over protection of intellectual property from products manufactured using 3D printing are expected to restrain the industry from reaching its target potential. Backward integration in the value chain in terms of acquisitions of software 3D designing participants has been analyzed to be an opportunity for gaining competitive advantage.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis

 

Further Key findings from the study suggest:

• North America led the market, with approximately 42% of the overall market share in 2012
• Europe is expected to grow at the highest CAGR of 20.4% from 2013 to 2020, which can primarily be attributed to increase in funding from regulatory bodies. Furthermore, increasing investment in research and development are expected to be favorable factors for market expansion in this region
• In terms of raw material used for manufacturing, polymers are expected to dominate the market, and accounted for more than 35% of the overall revenue in 2012
• The industry is moderately consolidated, with mergers and acquisitions emerging as the key growth strategy. Major industry participants include Stratasys Inc., 3D Systems Corporation, Envisiontec GmbH, and Materialise NV among others.

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Grand View Research’s report estimates the market in terms of revenue (USD Million) and segments it as follows: 

3D Printing Application Outlook:

• Automotive
• Aerospace
• Consumer Products
• Medical
• Others

3D Printing Raw Material Outlook:

• Polymers
• Metals
• Ceramic
• Others

3D Printing Regional Outlook:

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

Software Defined Networking (SDN) Market Is Expected To Grow At A CAGR Of 44.2% From 2014 To 2020: Grand View Research, Inc.

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.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis

Global Software Defined Networking (SDN) market by end user, 2012 – 2020, (USD Million)

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

Dashboard Camera Market Is Expected To Grow Owing To Its Increasing Demand In Automotive & Transportation Industry Till 2022: Grand View Research, Inc.

The global dashboard camera market size is expected to reach USD 1.84 billion by 2022 according to a new report by Grand View Research, Inc. Favorable government initiatives and rising demand for vehicular safety are expected to boost global dashboard camera market growth.The industry is expected to witness an upsurge in demand for dashcams in passenger and commercial vehicles by positively driving industry growth over the forecast period.
Dashcams facilitate in recording video footage of road accidents and other untoward incidents through windshield and assist in collecting evidences to be used in case of impending legal actions. These legitimate evidences can be produced in courts in matter of disputes against the offenders.
Increasing acts of vandalism, car thefts, and wreckages are presumed to trigger the demand for automotive surveillance systems. Dashcams provide automotive surveillance even in the absence of driver and in parking mode.
However, several countries in the European region such as Switzerland and Austria are facing bans on use of dashcams. Violation of privacy and vulnerability towards unethical hacking have hampered the reliability of such in-car DVR systems.

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

Asia Pacific dashboard camera market revenue by product, 2012-2022, (USD Million)

 

Further key findings from the report suggest:

·         Single-channel dashcam segment dominated the global in-vehicle dashboard camera industry accounting for more than 70% of the industry share in 2014. Dual-channel dashcam systems comprise two cameras with high-resolution feed for front and rear video recording. Dual-channel systems are relatively costly as compared to single-channel systems as they enable video recording of external as well as in-car events.

·         Industry players are focusing on revenue generation through product differentiation. Vendors are emphasizing on developing dashcams that can be integrated with high-end technologies such as high-resolution night vision cameras and integrated GPS. Vendors such as LyfeLens and BlackVue recently introduced advanced in-car DVR systems that connect the car and smartphones and provides users with insight of actions happening in and around the vehicles via real-time data, live video feeds, and push notifications.

·         The Asia Pacific regional market contributed to approximately 30% of the overall revenue share in 2014. Increase in funding initiatives and increased focus on fraud prevention offering road safety to motorists and passengers are anticipated to impel growth in the regional market. Concentrated presence of manufacturers, higher production capabilities, and availability of cheap labor in countries such as China, and Taiwan are expected to fuel the demand for dashcams in the region.

·         Key industry participants include Amcrest Technologies, Falcon Zero, Fine Digital, Inc., ITronics Group, and WatchGuard Video. Innovative distribution and marketing strategies adopted by vendors such as authorized e-commerce retailersare expected to positively influence industry growth.

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Grand View Research has segmented the global dashboard camera market on the basis of technology, product, video quality, and region:
Dashboard Camera Technology Outlook (Revenue, USD Million, 2012 – 2022)

·         Basic

·         Advanced

·         Smart

Dashboard Camera Product Outlook (Revenue, USD Million, 2012 – 2022)

·         Single Channel

·         Dual Channel

Dashboard Camera Video Quality Outlook (Revenue, USD Million, 2012 – 2022)

·         Standard Definition

·         High Definition 

Dashboard Camera Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA