Critical Infrastructure Protection (CIP) Market Is Forecast To Reach $135.48 Billion By 2025 | Market Research Report

The global critical infrastructure protection market size is expected to reach USD 135.48 billion by 2025, according to a new study by Grand View Research, Inc., expanding at a CAGR of 10.1% during the forecast period. Increasing number of advanced & sophisticated cyber incidents on vital facilities & security systems of nations is one of the key trends triggering market growth over the forecast period. Reliance on the internet and information technology among other digital sources are creating avenues for adversaries to disrupt economic growth by attacking critical infrastructures such as the government, defense, and BFSI sectors.

Increasing cyber threats from potential adversaries and growing efforts to curb cyber-attacks on national security are important factors estimated to provide a fillip to the market. Rising cyber-attacks on critical infrastructure and its impact on national security are raising awareness among governments worldwide to deploy robust security posture.

Several nations have implemented and established stringent policies, strategies, and bodies that underpin security of critical infrastructure. For instance, the European Programme for Critical Infrastructure Protection (EPCIP) sets a framework for activities aimed at improving protection of Europe’s critical infrastructure. The National Infrastructure Protection Plan (NIPP) implemented by the U.S. government focuses on partnering with the private sector in an effort to enhance the security and resilience of various critical service sectors. Such implementation of cybersecurity framework and rapid initiatives by governments to protect public assets is likely to drive the market over the forecast period.

Substantial innovations in information and communication technologies (ICT) are resulting in a significant increase in productivity of businesses. However, development of information technology has also opened capabilities of cyberspace to user for network infiltration and abusing digital infrastructure. Rising opportunities have elevated focus of organizations on cyber threats to computer networks, including information theft and sabotage, and acts that disrupt or deny services. Thus, investments in cybersecurity in various sectors witnessed a significant rise over a decade. With the emergence of OT, security of industrial control systems, and supervisory control & data acquisition (SCADA) systems has become imperative as these are most vital infrastructure in industrial and energy sectors. Thus, application of critical infrastructure protection in various industries is poised to show upswing owing to pressing need for protection of sensitive national assets and deter cyber-attacks.

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Further key findings from the study suggest that:

• The OT security segment is anticipated to register the highest CAGR of 10.3% over the forecast period
• The IT security segment was valued at USD 22.7 billion in 2016, registering a healthy CAGR over the forecast period
• Consulting services are projected to maintain its dominance in the market until 2025, reaching a valuation of USD 43.84 billion
• Risk management services are expected to exhibit the highest CAGR of 11.7% over the forecast period
• North America is estimated to hold a dominant revenue share in the market until 2025. The region was followed by Europe, which held a share of 27.5% in the market in 2016
• Asia Pacific is likely to witness the fastest growth, registering a CAGR of 11.9% over the forecast period.
• Some of the key players in the market are BAE System Plc; General Dynamic Corporation; Honeywell International Inc.; Boeing; and Raytheon Company.

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Grand View Research has segmented the global critical infrastructure protection market on the basis of security type, services, application, and region:

Critical Infrastructure Protection Security Type Outlook (Revenue, USD Billion, 2014–2025)

• Operational Technology
• Information Technology

Critical Infrastructure Protection Services Type Outlook (Revenue, USD Billion, 2014–2025)

• Consulting Services
• Managed Services
• Risk Management Services
• Training & Support Services

Critical Infrastructure Protection Application Outlook (Revenue, USD Billion, 2014–2025)

• BFSI
• Energy & Power
• Government & Defense
• IT & Telecom
• Transportation
• Others

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IoT Device Management Market Revenue Reach $5.1 Billion | Global Industry Report Forecast 2025 | Market Research Report

The global IoT device management market size is anticipated to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 28.3% CAGR during the forecast period. Growing demand for IoT services, need for digitalization, and increasing penetration of communication and networking technologies are expected to drive the market over the coming years.

In the past few years, the industry has witnessed increasing investments in R&D activities for development of technologically advanced IoT systems. This has increased the popularity of IoT devices management products. Major application sectors in the market include device provisioning, monitoring, administration, and diagnostics.

The security solutions segment is projected to exhibit the highest growth rate over the forecast years. The market is witnessing increasing use of security solutions for connected devices. Advantages bestowed by the technology include higher efficiency in device monitoring, diagnostics, and analytics.

Key market participants in the market include IBM Corporation; Aeris Communications, Inc.; Microsoft Corporation; Bosch Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd. Vendors in the IoT market are likely to witness robust demand for connected device management over the forecast years, owing to increasing technological advancements.

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Further key findings from the study suggest:

• Security solutions is expected to be the fastest-growing segment with a CAGR of 29.2% over the forecast period
• Managed services are predicted to largely contribute to market growth, as they facilitate higher level of performance and efficiencies
• Asia Pacific is expected to be the fastest-growing region, owing to high demand for smart city infrastructure and healthcare in emerging economies such as India and China
• Major players in the IoT device management market include Microsoft Corporation; IBM Corporation; Bosch Software Innovations; Oracle Corporation; PTC; and Advantech Co. Ltd.

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Grand View Research has segmented the global IoT device management market based on component, solution, service, organization size, vertical, and region:

IoT Device ManagementComponent Outlook (Revenue, USD Million, 2014–2025)

• Solution
• Services

IoT Device Solution Outlook (Revenue, USD Million, 2014–2025)

• Real-Time Streaming Analytics
• Security Solutions
• Data Management
• Remote Monitoring
• Network Bandwidth Management

IoT Device Service Outlook (Revenue, USD Million, 2014–2025)

• Professional
• Managed

IoT Device Organization Size Outlook (Revenue, USD Million, 2014–2025)

• SMEs
• Large Enterprise

IoT Device Vertical Outlook (Revenue, USD Million, 2014–2025)

• Retail
• Healthcare
• Transportation & Logistics
• Utilities
• Manufacturing
• Others

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Process Spectroscopy Market Size To Reach $25.10 Billion By2025 | Market Research Report | Market Research Report

The increasing adoption of various spectroscopic techniques in a variety of industrial applications, including chemicals, oil & gas, pharmaceutical, and food and agriculture, is expected to propel the overall market growth.

Moreover, the need to abide by the necessary specifications to maintain the standard and quality specifications is pushing the manufacturers and packaging industries to adopt spectroscopic techniques, eventually, catapulting the demand for process spectroscopy to instigate further growth.

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The technology segment is further categorized into molecular, mass, and atomic technologies. The molecular technology segment held maximum market and revenue in 2015 and is estimated to maintain its dominance over the coming years.

Furthermore, the molecular technology has led to the evolution of different technologies such as Near Infrared (NIR), Fourier-Transform Infrared (FT-IR), Nuclear Magnetic Resonance (NMR), and Raman spectroscopy. The ever-increasing demand and growing adoption of Raman spectroscopy is playing a respectable role in flourishing the global market.

The key industry players, such as ABB Group, Shimadzu Corporation, Sartorius AG, and Kett Electric Laboratory in the North American, European, and the Asia Pacific continents, have been extensively investing in R&D of spectroscopy technologies and related techniques. These innovations are generating a substantial demand for spectroscopy equipment in several industrial applications across the globe.

The growing adoption of technology in pharmaceutical and food & agriculture applications across the Asia Pacific region has led to the enhanced growth over the projected period. The demand arising from these nations coupled with the established oil & gas sector in the Middle Eastern region is another factor, playing a key role in attracting the applications of process spectroscopy, therefore, paving the way for a better and continuously growing future of the process spectroscopy market across the globe over the estimated time.

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Grand View Research has segmented the global process spectroscopy market based on technology, application, component, and region:

Process Spectroscopy Technology Outlook (Revenue, USD Billion, 2014–2025)

• Molecular Spectroscopy
• Near Infrared (NIR)
• Fourier-Transform Infrared (FT-IR)
• Raman
• Nuclear Magnetic Resonance (NMR)
• Others
• Mass Spectroscopy
• Atomic Spectroscopy

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Smart Lock Market Revenue Reach $24.20 Billion | Global Industry Report Forecast 2024 | Market Research Report

The global smart lock market size is expected to reach USD 24.20 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 60.1% during the forecast period. Rising awareness about smart home solutions, surging demand for portable connected smart devices, and growing preference for dynamic keyless locking/unlocking mechanisms are some of the primary factors fostering the growth of the smart lock market.

Governments across the globe are increasingly focusing on their efforts to enhance the adoption of smart homes in their respective regions. Proliferation of wireless communication technologies coupled with growing awareness regarding connected devices is expected to propel the market over the forecast period. Moreover, rising material costs and increasing prominence of Asian suppliers in international markets are projected to have an offsetting impact on the average sale price in short term.

Growing adoption of smart lock technology for non-residential applications is anticipated to provide a fillip to the market. For example, the hospitality industry has started adopting smart locks in response to growing concerns among customers regarding security during overseas stays. Hotels are, particularly, installing smart locks in order to enhance their brand image.

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Further Key Findings from the Report Suggest:

• The residential segment is estimated to witness significant growth over the coming years, particularly in Asia Pacific, where the residential and commercial construction sector is booming and governments are emphasizing on establishing smart cities
• The padlock segment is likely to experience substantial growth over the forecast period owing to versatility and wide application base covering garages, warehouses, commercial vehicles, perimeter gates, high security doors, water covers, storefronts, and construction sites
• Deadlocks accounted for the leading share in the market in terms of revenue in 2016 owing to their easy operations and highly dependable locking mechanisms
• Increasing usage of smart locks owing to increasing security-related concerns among consumers during their stay at foreign locations is expected to contribute to the growth of the hospitality segment

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Grand View Research has segmented the global smart lock market on the basis of type, application, and region:

Smart Lock Type Outlook (Revenue, USD Million, 2013–2024)

• Deadbolt
• Lever Handle
• Padlock
• Others

Smart Lock Application Outlook (Revenue, USD Million, 2013–2024)

• Residential
• Hospitality
• Enterprise
• Critical Infrastructure
• Others

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Biometrics Technology Market Revenue Reach $59.31 Billion | Global Industry Report Forecast 2025 | Market Research Report

The global biometrics technology market size is likely to reach USD 59.31 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 19.5% during the forecast period. Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period.

Widening scope of applications of biometrics technology in consumer electronics, in order to improve customer experiences, is poised to augment the market over the same period. Incorporation of biometrics technology into e-commerce applications can enable secure transactions and unfold ample growth opportunities to the market. High initial investment cost is anticipated to hamper growth prospects.

Biometrics technology is being increasingly acknowledged for e-passport programs and to keep a check on illegal migrations. Government organizations and defense services are further expected to experience sharp rise in the demand for the technology. In addition, it is used in banking and finance to increase efficiency and to prevent frauds. This is further likely to positively influence the growth of the market.

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Further key findings from the report suggest:

• The transport/logistics segment emerged as the leading end-use segment in 2017 and is projected to exhibit a CAGR of 18.1% over the forecast period
• The non-AFIS segment accounted for 38.1% of the overall market revenue in 2017. The technology is used in various enterprises to enable authorized access, owing to its accuracy and efficiency. AFIS applications are also poised to register a significant CAGR during the forecast period, owing to its use in fingerprint and palm identification for many civil applications
• North America was the largest regional market in 2017. Biometrics technologies are used in various departments in the U.S., owing to their strict security standards
• Asia Pacific is also anticipated to contribute significantly to the global market, due to increasing use of the technology in countries such as India, China, and Indonesia
• The key market participants include Accu-Time Systems, Inc.; BIO-key International, Inc.; David-Link; EyeVerify, Inc.; and FaceFirst.

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Grand View Research has segmented the global biometrics technology market based on application, end-use, and region

Biometrics Technology Application Outlook (Revenue, USD Million, 2014–2025)

• Face
• Hand geometry
• Voice
• Signature
• Iris
• AFIS
• Non-AFIS
• Others

Biometrics Technology End-use Outlook (Revenue, USD Million, 2014–2025)

• Government
• Banking and Finance
• Consumer Electronics
• Healthcare
• Transport/Logistics
• Defense & Security
• Others

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Wireless In-Flight Entertainment Market Is Forecast To Reach $3.53 Billion By 2025

The global wireless in-flight entertainment (W-IFE) market is expected to reach USD 3.53 billion by 2025, according to a new report by Grand View Research, Inc. Increased proliferation of mobile devices, such as smartphones, laptops, and tablets, has prompted airlines to start offering wireless in-flight connectivity & entertainment services to passengers, thereby providing them access to a wide spectrum of stored as well as streaming entertainment content and other connectivity services on their personal devices.

In the U.S., the Federal Communications Commission (FCC), in conjunction with the Federal Aviation Authority (FAA) has permitted the use of Portable Electronic Devices (PEDs) inside the aircraft with implementation guidelines. This regulatory change is expected to pave the way for new and innovative W-IFE solutions. The combination of wireless in-flight connectivity and in-flight entertainment has opened several opportunities for the overall industry growth, such as streaming live movies, live content, and other Advertising Video-On-Demand (AVOD) services.

There has been an increased number of partnerships among connectivity service providers across the globe for achieving enhancements in their service portfolios and providing high-speed connectivity services at economical rates. Recently, Inmarsat plc., a mobile satellite communication provider, collaborated with ViaSat, a digital communications provider, to develop new mobile satellite communication.

Companies developing software for entertainment systems for W-IFE hardware and equipment are anticipated to grow at a phenomenal rate in line with the rising demand for dynamic entertainment solutions. Leading content providers, such as Global Eagle Entertainment Inc. (GEE) and Stellar Entertainment, are expected to grow at a considerable rate, leveraging the unique content services they offer via the streamed as well as the stored channels.

At present, airlines across the globe are investing significantly towards the implementation of contemporary satellite broadband and connectivity technologies, in order to meet the growing expectations of passengers. With the growth in wireless connectivity and increasing adoption of the Bring Your Own Device (BYOD) trend, passengers are increasingly preferring wireless services for in-flight entertainment and connectivity.

The BYOD trend has prompted many airlines to eliminate the back-seat IFE systems, thereby reducing the overall weight and increasing the saving on fuel costs. This is particularly helping the cost competitive airlines to reduce their fares while still delivering a substantial IFE experience.

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Further key findings from the report suggest:

• Gogo Inc. and GEE have emerged as the leading early adopters of the contemporary W-IFEC trend and have started integrating their content delivery services with the in-flight entertainment demand accordingly
• The launch of High-throughput satellite (HTS), to deliver high-speed connectivity services, is anticipated to supplement the ongoing developments in the satellite connectivity domain.
• European carriers are closely following their counterparts in the U.S. For instance, British Airways is rolling out the new ATG network on their aircraft, which is expected to be compatible with the ATG network deployed by Deutsche Telecom across the EU.
• Ka-band connectivity solutions are expected to witness a CAGR of over 20% from 2017 to 2025 and are expected to outperform the services offered over the Ku-band in terms of cost as well as speed

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Grand View Research has segmented the global Wireless In-Flight Entertainment (W-IFE) market on the basis of aircraft type, fitment type, hardware, technology, and region:

Aircraft Type Outlook (USD Million; 2014–2025)

• Narrow-Body
• Wide-Body
• Regional Jet

Fitment Type Outlook (USD Million; 2014–2025)

• Retrofit
• Line Fit

Hardware Outlook (USD Million; 2014–2025)

• Antennas
• WAPs
• Modems
• Others

Technology Outlook (USD Million; 2014–2025)

• ATG
• Ku-Band
• L-Band
• Ka-Band

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Application Management Services Market Opportunities To Reach $87.60 Billion By 2025: Research Report

The global application management services market is estimated to reach USD 87.60 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness a steady growth owing to the increasing demand from the financial services sector and healthcare industry.

Application management services encompass a wide range of implementation and operational services that are vital to application maintenance, optimization, support and modernization, and migration. As the number of applications used and deployed by organizations is increasing continuously, the need to monitor and manage these services for business efficiency and continuity is driving the demand for application services across different industries.

Companies today make use of a myriad set of applications to address client needs, deal with numerous stakeholders in the value chain, and keep abreast with the rapidly evolving technology landscape. These conditions have been augmented with the advent of new trends such as Internet of Things, cloud, and analytics, which are disrupting the traditional system models. Owing to these factors, the application management services are anticipated to witness a steady rise in demand over the years to come.

The application services industry is quite mature, which can be attributed to the presence of many traditional service providers who are entrenched firmly in the market. As the technological adoption gains velocity in the industry, delivery models and service scopes are set to exhibit a dramatic change with Software as a Service and cloud deployments playing a significant role in the market.

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Further key findings from the report suggest:

• The industry is marked by the presence of big enterprises such as Cognizant, Accenture, IBM, Capgemini, and Deloitte
• The banking, financial services, and insurance segment is anticipated exhibit a significant increase in demand
• IT cost reduction, digitalization, and the need for gaining agility, reliability, and integrated system models will shape the nature of services provided and sought after in the market
• The impact of changing industry dynamics will be profoundly exhibited on outsourcing, whether offshoring or onshoring industries, at a global level
• The lack of innovation, communication gaps, and inefficient methods for change management and governance may become major hurdles in the industry’s growth over the forecast period

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Grand View Research has segmented the application management services market on the basis of service, deployment, application, and region:

Service Outlook (Revenue, USD Million; 2014–2025)

• System Integration
• Support & Maintenance
• Database Management
• Consulting
• Modernization
• Others

Deployment Outlook (Revenue, USD Million; 2014–2025)

• On-premise
• Cloud

Application Outlook (Revenue, USD Million; 2014–2025)

• BFSI
• Healthcare
• IT and Telecom
• Retail
• Public Sector
• Others

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Liquid Biopsy Market Is Expected To Grow At A CAGR Of 13.4% During the Forecast Period

The global liquid biopsy market size is expected to reach USD 5.96 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.4% during the forecast period. Enhanced view of tumor provided by liquid biopsy technology is estimated to augment the market in coming years.

While tissue biopsies have been standard for cancer diagnosis for past several year, their highly invasive nature and frequently associated complications have been major concerns. Moreover, these biopsies lead to high expenditure being incurred by patients. Liquid biopsies, on the other hand, offer a less invasive methodology along with high effectiveness. Thus, there are a number of key private organizations involved in rigorous R&D activities for liquid biopsy test development and it is only a matter of time before these procedures grow in prominence in diagnostic paraphernalia of oncologists and pathologists.

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Further key findings from the report suggest:

• Technological developments such as electric field induced release and measurement (EFIRM)- Liquid Biopsy (eLB), which provides detection that can assist clinical treatment decisions for most common subtype of cancers are expected to drive the uptake of saliva based sampling over the forecast period
• Currently, clinical use of isolation and detection technology is limited to CTC quantitation but the number of CTCs is found to hold significant correlation with disease severity. This is, thus, estimated to augment the market over the coming years
• Rising awareness regarding advantages of multiple gene analysis along with the help of NGS is anticipated to support the growth of the market
• Organizations such as American Society of Clinical Oncology (ASCO) are engaged in supporting implementation of liquid biopsy, which in turn is likely to spur the growth of the market
• Intensifying competition between biotech companies and increasing investments by government in healthcare institutes will lead to development of more sophisticated tests
• Companies engaged in R&D and commercialization of these products include Pathway Genomics; Natera Inc.; Epic Sciences; Illumina; Foundation Medicine; Roche; LabCorp; and Sequenom

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Grand View Research has segmented the global liquid biopsy marketon the basis of application, sample type, biomarker, technology, and region:

Liquid Biopsy Application Outlook (Revenue, USD Million, 2013–2030)

• Therapy Selection for Metastatic Breast Cancer (MBS)
• Therapy Selection for Other Metastatic Cancer
• Molecular Health Monitoring

Liquid Biopsy Sample Type Outlook (Revenue, USD Million, 2013–2030)

• Blood Sample based
• Urine Sample based
• Other Bio Fluids (Tissue fluids and Saliva) based

Liquid Biopsy Biomarker Outlook (Revenue, USD Million, 2013–2030)

• Circulating Tumor Cells (CTC)
• Circulating Tumor DNA (ctDNA)
• Exosomes

Liquid Biopsy Technology Outlook (Revenue, USD Million, 2013–2030)

• Multi-gene-parallel Analysis (NGS)
• Single Gene Analysis (PCR Microarrays)

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