Human Capital Management SaaS Market - Pin Point Analysis For Changing Competitive Dynamics

Human capital management (HCM) SaaS is a cloud-based human resource management software that offers integrated functionality for small and mid-sized companies. The human resource management functions offered by HCM SaaS include the management of staff profiles, attendance, training, performance and review, payroll and benefits, workforce directory and analytics, and networking among employees. Owing to these various integrated functions and solutions offered by the HCM SaaS software, it helps in streamlining of human resource functions, business intelligence functions, and various reporting activities, thereby improving the operational efficiency of a company. Compared to traditional alternatives, cloud-based HCM solutions do not require any hardware and can be remotely deployed. Additionally, remote access through the web and mobile from any place and at any time offer added advantages to users.

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Lower deployment costs and maintenance expenses than traditional human resource management solutions are some of the major factors driving the growth of the HCM SaaS market. Additionally, the growing need to streamline human resource functions is fuelling the HCM SaaS market. With growing size of organizations and competition among adversaries, there is a budding need to predict an employee’s contribution and long-term growth in an organization, coupled with other strategic analyses of performance and achievements. This is fuelling the demand for the HCM solutions market. For small and mid-sized companies, HCM SaaS solutions are the preferred choice owing to their low cost, data mobility, and ease of access benefits. Additionally, increased adoption of cloud solutions and services is further aiding the growth of the market for HCM SaaS solutions. Furthermore, a rise in demand among organizations for the improvement of workforce management and creating talent mobility are aiding in the market growth of HCM SaaS solutions. However, lack of awareness regarding the existence of HCM SaaS solutions is a major hindrance toward the growth of the HCM SaaS market. Nonetheless, with the advent of the Internet of Things (IoT), machine learning and automation of functions are expected to present future growth opportunities for the HCM SaaS market.

The global HCM SaaS market can be segmented on the basis of end-use industries and geography. On the basis of end-use industries, the market can be categorized into retail, manufacturing, health care, IT, banking and financial services, telecom, and others. In terms of geography, the market can be classified into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. The HCM SaaS market in North America is mainly driven by its developed state of IT and Internet penetration. Additionally, the market growth in Asia Pacific is mainly supported by the rising adoption of IT services in the region.

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Recent trends of acquisitions and mergers in the HCM SaaS space are expected to lead to a consolidated market space by the end of the forecast period, thus eliminating small firms from the industry. Some of the key players in the global HCM SaaS solutions market are Castlight Health, Zenefits, ADP LLC, Paycom Software Inc., Ascentis Software Corporation, Ultimate Software, Paylocity, Talentsoft, Oracle Corporation, Workday, Inc., FinancialForce.com, SAP SE, Electronic Commerce Inc., WorkForce Software LLC, Skillsoft Limited, LinkedIn Corporation, and Haufe Group.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Rising Concerns over Threat to Security to Impel Adoption of Wireless Intercoms in Asia Pacific

The intense competition between RTS Intercom, Clear-Com Ltd., and Commend International GmbH characterizes the competitive landscape of the market for wireless intercom in Asia Pacific, finds a report by Transparency Market Research.

These wireless intercom manufacturers rely on product innovations and integration of latest technologies in their existing offerings to grab an edge over each other. For instance, Commend Int. introduced an advanced version of its intercom solution in April 2015, integrated with intelligent volume control function to enhance the speech volume and degrade the background sound in noise-polluted environments. By September 2015, Clear-Com also came up with DX410, a 2.4GHz base station, offering a two-channel, frequency hopping system.

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Over the forthcoming years, other than innovation and advancements, competitors in this market will look for strategic alliances with companies in the media and technology sector in order to incorporated technological developments in their products, strengthening their position in Asia Pacific.

Need for Robust Security Solutions Boosts Demand for Wireless Intercoms

Asia Pacific is undergoing a phase of rapid advancements in terms of economy and infrastructure. This infrastructural development has fuelled the need for robust security solutions across the region. The demand for efficient security in Asia Pacific is also witnessing a remarkable surge due to the growing concerns over threats to safety and security, considering the increased crime rate and terror attacks.

Intercoms, being one of the most essential components of a security systems, is, thereby, also witnessing an immense surge in demand in this region. Wireless intercoms, owing to their easy handling, experience a higher demand compared to traditional wired ones. Technical advancements in wireless intercoms, such as the integration of encryption techniques, is also an important factor behind the increasing preference for them over wired intercoms.

Going forward, the rocketing urbanization, together with the speedy growth of smart cities across Asia Pacific, is likely to prepare ground for the widespread application of wireless intercoms over the next few years in this region.

Increasing Demand for Wi-Fi-based Wireless Intercoms to Impact Growth Rate of RF-based Wireless Intercoms

The Asia Pacific market for wireless intercom has witnessed a tremendous rise since the last decade, says TMR. Analysts expect it to remain registering steady growth in the near future. Rising at a CAGR of 12.30% between 2015 and 2023, the opportunity in wireless intercom, across Asia Pacific, is likely to increase from US$0.4 bn in 2014 to US$1.1 bn by the end of the forecast period.

Based on technology, radio frequency-based wireless intercoms led the overall market in 2014 with a demand share of more than 80%. The segment is likely expand at a CAGR 10.5% during the forecast period; however, with a 19.80% CAGR, the demand for Wi-Fi-based wireless intercoms will register the fastest growth over the next few years.

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By end user, large enterprises are the key consumers of wireless intercoms in Asia Pacific. The trend is expected to remain the same during the forecast period. In terms of industry verticals, security and surveillance have emerged as the leading segment and is projected to continue to lead in the coming years.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Advancements in Technologies Impel Wireless Microphone Manufacturers in Asia Pacific to Focus on Innovation

Advancements in technologies have an imperious effect on the competitive landscape of the Asia Pacific wireless microphones market, finds Transparency Market Research (TMR). To strengthen their existing position, leading players are increasingly focusing on innovation in wireless microphones integrating latest technologies.

Shure Inc., Sony Electronics Inc., Sennheiser electronic GmbH & Co. KG, Audio-Technica Corp., and Yamaha Corp. are leading the market for wireless microphone in Asia Pacific at present. However, the emergence of a large pool of small wireless microphone manufacturers, locally, is posing a threat to the dominance of these players. In order to compete with local manufacturers, major MNCs trading in Asia Pacific will need to expand their dealership network significantly over the next few years.

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Increasing Number of Media and Sports Events Fuels Demand for Wireless Microphones

In Asia Pacific, the media and entertainment industry has been reporting immense growth since the last few years. It is experiencing a rapid increase in outdoor entertainment as well as sports events. As wireless microphones provide free movement across the facility, these devices are registering high demand in such events.

The last decade witnessed Asia organizing two of the biggest sports events, FIFA World Cup 2002 and Olympics 2008, and in the near future, the continent is all set to host Winter Olympics 2016, Commonwealth Games 2018, Summer Olympics 2020, and Winter Olympics 2022. Owing to these events, the region is expected to exhibit a high demand for wireless microphones in the coming years.

Apart from this, wireless microphones are also finding significant application in government security services, adding considerably to the increasing demand for them.

Countries in Rest of Asia Pacific to Remain Leading Consumer of Wireless Microphones

As estimated by TMR, the opportunity in the market for wireless microphone in Asia Pacific is projected to expand at a CAGR of 9.80% during the period from 2015 and 2023 and reach US$611.4 mn by the end of the forecast period. Currently, the demand for wireless microphones is the highest in the Rest of Asia Pacific and it is likely to remain increasing in the coming years.

In 2014, the contribution of Rest of Asia Pacific in the total revenue generated by the overall market was US$95.9 mn, amounting to a share of nearly 33%. By the end of 2023, this region is expected to present an opportunity worth US$226.1 mn, rising at a CAGR of 10.20% between 2015 and 2023.

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Wireless microphones are mostly utilized in events. The rise in sports and media events, worldwide, is likely to stoke the demand for these microphones in the coming years. In 2014, RF-based microphones were the highest demanded wireless microphones. However, the demand for Wi-Fi-based microphones is projected to report impressive growth over the forecast period.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Increasing Demand for Cloud Storage Applications to Boost Adoption of Telecom API Services

With rising demand for advanced telecom features and services, many companies are entering into the global telecom application programming interface platform market to expand their business, reports Transparency Market Research in a new study. The global telecom API market comprises a large number of companies and thus the competition in the market is substantially high. The leading companies in the global telecom API market are Apigee Corp., Twilio, Inc., Fortumo OU, LocationSmart, Alcatel Lucent, Nexamo, Inc., Tropo, Inc., Aepona Ltd., and Comverse, Inc.

To launch their API services in the global market, telecom companies are entering into partnerships with API management service providers such as Apigee Corp. and Alcatel Lucent. Telecom API companies are focusing on strategies such as targeting long-tail developers and enterprises which in turn will help them create a global identity. Many leading telecom API companies are also entering into strategic acquisitions to position themselves uniquely in the market and expand their reach among global API developers.

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Proliferation of Cloud Technologies and Mobile Internet to Drive Adoption of Telecom API

According to TMR analysts, “The use of mobile application is anticipated to be augmented by the increasing adoption of cloud computing and mobile internet in the coming years.” A new study has revealed that the number of mobile internet consumers is expected to touch 3.8 bn by the end of 2020. Furthermore, due to the rising use of cloud based applications, cloud traffic is expected to witness fast growth. The rapid development of cloud-based applications is thus likely to increase the adoption telecom API services for video and data storage in telecom-owned cloud systems.

The implementation of cloud technology in mobile applications will also help telecom carriers to provide application developers with WebRTC and voice API services. The growing adoption of telecom API services through increasing use of mobile internet and cloud data is projected to expand the growth of the global telecom API platform market.

Negative Outlook of Telecom Carriers towards External API Developers to Restrict Innovation Possibilities

With increasing demand for better mobile applications, numerous telecom companies are including API services in their portfolio. However, only a limited number of telecom service providers such as Orange S.A. and AT&T are welcoming the involvement of external developers in their API platforms. Considering the fact that external developers are value added resellers, many companies introduce models which expose the developer to less of the API platform. As a result of this, the possibilities of innovation in the telecom API platforms are restricted as developers are barred from creating applications using telecom API. The restriction of opening telecom API platforms to external developers also cuts down the revenue for telecom carriers as they fail in enhancing end-user experience. Thus, such negative outlook of telecom carriers is likely to restrain innovation possibilities leading to a downfall in the revenue of the global telecom API market.

Rising Connectivity of Machine-to-Machine Devices to Provide Lucrative Growth Opportunities to Telecom API Service Providers

According to TMR researchers, “The M2M devices connectivity with smartphones is likely to increase in the coming years leading to a rise in the demand for telecom network APIs.” To capitalize this opportunity, telecom carriers such as AT&T and Orange S.A. are offering M2M platforms with M2M connected devices to integrate mobile devices. This kind of integration enables devices to connect with smartphones and share data. This in turn enables smartphones to convert the data into significant information for the end user. With the increasing number of M2M devices, the demand for M2M based telecom API is projected to rise in the coming years.

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The global telecom API market is expected to expand at a CAGR of 23.6% from 2014 to 2022 with a market worth US$73.49 bn in 2015. The global telecom API platform market is projected to touch a valuation of US$323.44 bn by the end of 2022. North America is anticipated to emerge as the largest region in the global telecom API platform market with a revenue of US$113.53 bn by the end of 2022. Enterprise developers are expected to emerge as the largest end users of telecom API services by the end of 2022.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Fiber Channel Over Ethernet Market - Trends, Growth Propellers, Segmentation And Top Players 2020

A network technology which encapsulates fiber channel frames inside an Ethernet frame is known as fiber channel over Ethernet. Fiber channel over Ethernet is basically a data storage protocol which enables communication over Ethernet. FCoE offers “high-speed Ethernet” infrastructure to move traffic and converge IP protocols and storage to a single interface. As defined by FC-BB-5T11 group, Fiber Channel over Ethernet (FCoE) is an approach to “I/O consolidation”. Conventionally, for data storage, TCP/IP networks were used by organization. Fiber channel offers high-speed data connections between the servers and computing devices. Fiber channel over Ethernet network comprises of FC ports, adapters, cables, and FC switches, among other components. FCoE provides I/O consolidation over Ethernet and allows Ethernet and fiber channel to share an integrated, single structure. As a result, Fiber channel over Ethernet offers benefits including less cables, switch ports, and adapters, proper server virtualization and storage, and seamless integration with “FC SANs”. This also helps in minimizing network complexities in the data center.

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One of the major applications of FCoE is Storage Area Networks (SANs), as it results in use of fewer cables. FCoE protocols are used by large organizations for high density storage. FCoE protocol replaces the FC1 and FC0 layers of the fiber channel with Ethernet. Fiber channel over Ethernet (FCoE) transports the stored data using fiber channel protocol as compared to TCP/IP stack. This is achieved by mapping of fiber channel over “IEEE 802.3”, creating full duplex networks. Thus, Fiber channel over Ethernet allows data centers to have increased optimization in virtualization (server) combined with reduction in cooling requirements, and lesser number of interface cards and cables.

Fiber channel over Ethernet, infrastructure broadly comprises of three components, namely FCoE links, switches, and CNA (Converged Network Adapter). The CNA provides virtual functionalities of both FC HBA (Host Bus Adapters) and Ethernet NIC (Network Interface Cards). The Ethernet infrastructure used by FCoE infrastructure is same as compared to the TCP/IP network. FCoE switches act as an intermediary between SAN network and adapters which connect adapters to IP network (using IP ports) combined with SAN network (using FC ports). Currently, companies use both fiber channel (FC) for storage area network (SAN) and Ethernet for TCP/IP networks for specific purposes. Ethernet networks are deployed when small amount of information is transferred by the user over both global and local distances.

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Rising demand from users for increased bandwidth, and flexibility to access same network across server are some of the key factors contributing towards the growth of FCoE market. However, delayed adoption of FCoE technology is hindering the market growth. The impact of which is marginalized by rapid adoption of FCoE infrastructure in cloud computing, which is creating foundation for new opportunities. The FCoE (Fiber Channel over Ethernet) market is segmented on the basis of type. The classification includes FCoE adapters, and FCoE switches. Prominent players of the market include Cisco Systems Inc., Qlogic Corp., Brocade Communication Systems Inc., Emulex Corp., Intel Corp., LSI Corp., and Arista Networks Inc., among others. These players are focused on developing solutions which can meet varying requirements for different sectors. For instance, recently CISCO enhanced its customer base for FCoE solutions by including Financial and Technology solution companies, and Aerospace sector.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Unified Threat Management Market - Geographical and Competitive Dynamics, Report Overview 2019

Unified Threat Management is a security solution that comprises of features such as gateway antivirus, on-appliance reporting, data leak prevention, VPN (Virtual Private Network), network firewalling, gateway anti-spam and load balancing content filtering that offers values to the organizations. UTM solutions utilize optimum energy and are low cost solutions as compared to intensive point security solutions. UTM solutions are used by enterprises owing to its supple and scalable features which enhances IT productivity.

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The UTM market is segmented on the basis of organization size, its end users, its applications and services. Few different types of organization sizes include SOHO, SMBS and enterprises. UTM products are used in several industries such as BFSI, telecom and IT, education, manufacturing, retail, government and utilities, healthcare and others. Various application uses of UTM products include software, hardware, virtual and services such as support and maintenance.

Increasing incidences of data security breach is one of the major factors contributing to the growth of unified threat management market. Additionally, UTM solutions enable end users to save space, cost and energy consumption thus further driving the growth of this market. However, lack of acceptance in enterprise market and degradation in network performance are the challenges that limit the growth of UTM solutions. Consolidation of various security tools into single network device is responsible for degradation in performance features. To overcome these challenge, vendors in this industry are continuously focusing on their product offerings in terms of quality.

Currently, UTM centralized consoles are being used in multiple branches of larger organizations that offers security for entire infrastructure. UTM centralized consoles eliminate the necessity to maintain each site or gateways separately thus reducing administrative costs and errors. Some of the features of UTM solutions include simplicity, ease of deployment, low complexity, ease in troubleshooting and better performance.

North America is the largest market for UTM solutions, as growth in this region is attributed to demand from payment card industry that requires both intrusion prevention technologies and firewalls. Moreover, the businesses with the higher credit card transaction volumes deploy UTM solution to protect against network based attacks.

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Some of the key players for UTM market include IBM, WatchGuard Technologies, Dell Inc, Juniper Networks, Inc, Cisco Systems, Inc, Barracuda Networks, Inc, Checkpoint Software Technologies, Fortinet, Inc, Cyberoam Technologies, Hewlett-Packard Corporation and Sophos among others. In near future, this industry is expected to strong competition from the local vendors of diverse regions particularly in the managed UTM and cloud based services. Hence global vendors are continuously focusing on new product development to obtain an edge over others in the competitive environment.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Flash Cards and USB Flash Drives Market - In-depth Evaluation of the Drivers of the Market 2019

Flash card or memory card and USB flash drives are electronic data storage devices with a flash memory, usually used to store digital information. Need for development of these devices emerges by the growing need for a compact and easy to maintain storage device. Earlier floppy disk and CDs were used for data storage but as they were prone to damages and the stored information posses the risk of being permanently getting eroded, this led to the development of flash cards and USB flash drives. The USB flash drives and flash cards are touted as being user friendly and easy-to-use as they are compact and portable enough to be carried in a small pocket and can be connected into any device such as computer with a USB port or a card slot.

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Flash memory card developers are presently manufacturing devices that have high storage capacities, which are similar to hard disk drives (HDDs). 256 GB is the maximum storage capacity of flash cards which currently exist in market. Manufacturers in order to retain and gain new customers are developing and delivering high storage capacity products. Moreover, a trend is observed among the customers especially teenage and middle aged groups, to possess storage device with highest storage capacities. To take advantage of this trend, manufacturers are offering flash cards and USB flash drives with high storage capacities.

One of the major factors contributing to the growth of flash cards and USB flash drives market growth is the rising demand for robust memory storage devices which are highly compact with maximum storage capacity. In addition, the global flash cards and USB flash drives market is witnessing the growing adoption of high-density cards used for data storage, by flash memory card sellers. However, the market poses a strong challenge in terms of growth by rising number of portable devices with high in-built memory.

The market for flash cards is segmented on the basis of application into communication devices, cameras or camcorders and others which includes gaming consoles. Moreover, the flash card market is segmented on the basis of type into compact flash cards, secure digital cards, mini secure digital card, micro secure digital cards, xD-Picture Card, multi media cards and smart media card. In addition, the USB flash drives market is segmented on the basis of capacity into 4GB, 8GB, 16GB, 32GB, 64GB and more than 64GB. On the basis of type the market of USB flash drives is segmented into USB flash drive generation 1.0, drive generation 2.0 and generation 3.0. Generation 3.0 is considered to the latest of its kind.

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Some of the key players in the USB flash drive market are -DATA Technology Co., Ltd., Buffalo Technology (UK), Ltd., Add On Technology Co., Ltd., Corsair Memory, Inc., Edge Tech Corporation, Hewlett- Packard, Ennova Direct, Inc. and Imation Corp. among others. The key players of flash memory cards market are SanDisk Corp., Kingston Technology Corp., Toshiba Corp., Samsung Group and Transcend Information Inc. among others.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.