Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

Growing internet community and focus shed on quality-of-service (QoS) of internet based services, website and application loading performance against a backdrop of reduced customer tolerance to latency  are poised to drive the global market for Content Delivery Network (CDN) to reach US$34 billion by 2024 . Massive digital data creation has put a heavy load on the Internet and there is increased focus being shed on improving internet performance and scalability via technologies like distributed caching for better load sharing  and reduced latency. A CDN in this regard provides advantages in the form of reduced server load, reduced latency, and distributed network traffic. The rise in the number of enterprise websites and e-commerce websites with massive volumes of content to transmit and deliver is therefore expected to benefit demand for CDNs. Also, expected to spur adoption of CDNs is the inherent drawback of the Web’s centralized characteristic feature, which slows down the pa

Growing popularity of LED-based smart lighting, rapid adoption of LED lighting technologies in emerging countries, expansion of LED lighting to niche applications beyond regular lighting, and the urgent need to achieve energy and cost savings amidst spiraling electricity consumption are poised to drive the global market for LED Lighting in General Lighting Applications to exceed US$100 billion by 2024 . LED lighting is one of the most practical trends because the energy costs incurred with LED lighting are lesser and more affordable over the long term compared to other alternatives. Though the upfront costs are higher for LED lighting, the overall costs calculated over the entire period of use are significantly lower than other lighting systems. Moreover, the efficiency of LED lighting is 6-7 times more than conventional lighting, with the ability to last longer by up to 25 times. High energy-efficiency, optimal durability, and comparatively lower total cost-of-ownership as compa

Huge erosions in shipments of 1 st generation optical disc storage devices and hard disk drive (HDDs) which make up 59% of the market’s technology mix is expected to drag down the global sales of Digital Storage Devices to reach 3.7 billion units by 2024 . By the end of the forecast period, solid state drive (SSDs) and flash drive based storage devices will take over the market supported by explosive growth in digital data generation and the ever-present demand for secure, faster and high capacity storage solutions suitable for rapidly growing data-driven applications. Data storage devices are hardware components that are utilized for storage, porting and extraction of data objects and files. As a core component of a computing device, data storage device functions as a storage medium that can be attached internally or externally to a server or a computer. Data storage devices are available in varied form factors including hard disk drives (HDD), Solid State Drives (SSD), optical

The indelible mark on modern businesses made by the mobile mindshift of the 21st century workforce is poised to drive the global market for Managed Mobility Services (MMS) to reach US$36.8 billion by 2024 . The mobile mindshift defined quite simply as instant gratification of contextual information needs in any moment of need, is radically changing the way companies function. Epitomizing the mobile mindshift is the over 1.5 billion and 165 million annual global sales of smartphones and tablets respectively. Google Play and Apple iOS App store currently have over 3.3 million and 2.0 million apps respectively, highlighting the growing dependence on apps for social networking, entertainment, and communication. Although the mobile mindshift has its roots in the consumer environment, the phenomenon is proliferating the enterprise environment with the modern workforce going “mobile native” and preferring to use smartphones and tablets for corporate information access, communication and

Epidemic spread of diabetes across the world, convenience of oral medication, and effectiveness of combination drugs despite studies linking risk of heart failures with the use of DPP-4 Inhibitors are poised to drive the global market for DPP-IV Inhibitors to reach US$10.6 billion by the year 2024 . Dipeptidyl Peptidase-IV (DPP4) inhibitors represent an important class of drugs in the treatment of Type 2 Diabetes mellitus. DPP-IV inhibitors, also called “gliptins”, inhibit the DiPeptidyl Peptidase IV (DPP-4) enzyme and enhance the action of its substrate, the incretin hormones, which then aid in increased insulin release and maintain appropriate glucose levels in the blood. Gliptins represent an attractive alternative to the first-line therapy of metformin for diabetes, especially in people who cannot tolerate biguanide metformin hydrochloride because of adverse gastrointestinal effects, and in whom metformin-only therapy is not effective. Sitagliptin (Januvia, Janumet), Vildagl

Unified communications applications, widespread VoIP and IP PBX deployments, demand for multi-service integration in routers, and convergence of security technologies are poised to drive the global market for MSBG to exceed US$3.3 billion by 2024 . Information and communications technology (ICT), encompassing all technologies that enable seamless communication, processing and presentation of information, can increase productivity, quality and competitiveness of a company, while reducing its cost structure. Multi-service business gateway (MSBG) combines several network data and voice communications function in single device. Aimed at small and medium enterprises (SMEs), MSBG incorporates crucial functions including VoIP, routing, as well as security (firewall, virtual private networking, and intrusion detection/prevention) in a fault-tolerant single platform, with common management plane and control oriented around service. Essentially therefore MSBG integrates multiple devices su

Growing adoption of cloud IT strategies and the resulting rise in data leakages and security and privacy issues is poised to drive the global market for Cloud Security Gateways to reach US$1.4 billion by 2024 . The emergence of cloud computing has unleashed disruptive changes in businesses and their IT departments. The cloud revolution, which began over a decade ago has finally run its course, with virtually every company today being cloud enabled. By enabling a model of a utility computing, the cloud represents the ultimate in disruptive innovation. Cloud-delivered enterprise solutions by offering a simpler, cheaper, and more effective alternative to legacy models of enterprise computing, will be almost a sacrosanct need for companies to survive in the market. However, as companies flock to deploy the cloud in its various flavors – private, public and hybrid, data security and privacy issues are gaining in importance.  The ubiquity of cloud applications and use of mobile devices fo

The radical disruption underway in the field of business intelligence (BI) and analytics is poised to drive the global market for Prescriptive Analytics to reach US$1.61 billion by 2022 . Analytical disruption is defined as the disruptive use of data that creates value in the practice of business intelligence. It refers to radical innovation in both the use of big data and application of big data. Analytical disruption is going beyond the use of data for information and value creation, it refers to leveraging data to become more predictive and proactive. The modern insight-driven enterprises are no longer running their businesses based on historical data. Rear view business intelligence is increasingly falling out of favor and emerging over the horizon is the development of supply chain data science. New analytical capabilities such as those epitomized by prescriptive analytics are enabling business intelligence to emerge from reactive models to proactive and predictive models to aut

The paramount importance given to baby health, decline in infant mortality as a result of superior medical care, and increased willingness among working mothers to pay a price premium for organic and natural baby care products are poised to drive the global market for Baby Toiletries to reach US$18.6 billion by 2022 .  The global market for baby toiletries is currently witnessing robust growth, driven by decreasing baby mortality rate; rising disposable income guided by rapid urbanization and rising standard of living especially in developing regions; increasing number of working women and rising awareness among consumers about health and hygienic products. Further, spending on baby toiletries is highly dependent on the demographic status of the society, education and financial independence of women. In addition, busy lifestyles of working mothers is resulting in increasing demand for baby care products, which make routine bathing and cleanliness of their babies an easier affa

Rise in consumer spending on manufactured goods, recovery in industrial output, in addition to the roll out of advanced machinery with automation functions to maximize packaging flexibility, speed and control are poised to drive the global market for Packaging Machinery to reach US$47.6 billion by 2024 . Usually a part of automated assembly lines, packaging machinery comprise equipment used for both primary and secondary packaging of products. One of the major factors influencing the trends in global packaging machinery market is rise in manufacture of innovative products in several variants, all of which demand innovative and functional packaging. Over the last few years, the packaging industry has witnessed an increased shift towards value added machines that offer improved efficiency, sustainability, flexibility and superior performance. Demand for packaging machinery is mainly underpinned by increase in consumer spending in addition to rise in industrial manufacturing. Contin