The worldwide data center UPS market was valued at US$ 4.22 Bn in the base year 2020 and expected to expand with a CAGR of 7.5% during the forecast period from 2025 to 2033. Increase in the number of business enterprises due to proliferation of data related services and consequent requirement to control and manage their voluminous data has led to rise in demand for data centers worldwide.
The overall business intelligence & analytics software market expected to demonstrate robust growth rate during the forecast period from 2018 to 2026, up from US$ 12.87 Bn in 2017. Business intelligence & analytics solutions have emerged among the most important tools for companies enabling them to make smart and data-driven decisions.
The global event management software market was valued at US$ 6.43 Bn in 2017 and expected to expand at a CAGR of 11.2% during the forecast period from 2018 to 2026. With the myriad of trade shows, conferences, meetings, and social events held worldwide, event management has grown into a multi-billion dollar industry.
Data centers are experiencing an explosive growth worldwide. With the evolving demand for more and faster data processing, coupled with the inception of internet of things (IoT) and big data, the demand for data center is booming on a continuous basis. Underwater data center is a data center that can run for years without any human intervention or repairs.
Patient access solutions comprise the use of components such as software, hardware, and services that offer healthcare IT solutions for doctors or healthcare professionals, hospitals, clinics, insurance payers, etc. The presence of regulatory compliance & government regulations in healthcare, and the globally surging patient base coupled with rising demand for health insurance is expected to majorly drive the market growth. In addition, extensive applications in insurance denial management, favorable government initiatives, declining reimbursement rates in healthcare, and increasing need to curb healthcare expenditure across the world is anticipated to support the market growth.
Data Protection-as-a-Service (DPaaS) is one of the most promising cloud-based service, widely used for providing data privacy and security. DPaaS market is expected to witness steady growth owing to rising demand from numerous large and medium scale organizations to secure their business data.
Evolved packet core (vEPC) is a software framework, used for providing converged voice and data on 4G long term evolution (LTE) network. Increasing smartphone penetration along with rapid growth in number of LTE subscribers has increased adoption of evolved packet core market worldwide.
Rapid adoption for new technology and need for reduction in data saving & handling cost are proving cloud-based solutions as vital need for business enterprises. Cloud-based contact centers are synchronized systems designed for organizations that enables communication among resources through secured and appropriate channel. Growing adoption of cloud-based services by network service providers (NSPs) is prominent factor for escalating cloud-based contact centers market. With globalization of businesses, organizations are demanding for interconnected cloud based unified communication service for their employees.
Protection of data from various disasters has become a crucial practice over the period. Disaster recovery as a service (DRaaS) helps securing business/organizational data from any losses occurring from natural or human failure.
Parental Control Software Market Is Projected to Expand At A CAGR Of 12.5% Between 2025 And 2033. Parental control software is gaining prevalence among parents due to evolving digital habits of consumers and penetration of the internet and mobile devices including computers and smartphones. Parental control software is a content filtering software which is designed to allow parents monitor and control their children’s internet activity.
