Award Management Software Market Strategy and Remarkable Growth Rate By 2025

According to a research report "Award Management Software Market Forecast by Component, Function (Entry Management, Judging Management, Reporting and Analytics, and Application Tracking), Platform, Deployment Type, Organization Size, End User, and Region - Global Forecast to 2025", award management software market is expected to grow from USD 559 million in 2020 to USD 856 million by 2025, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period.

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The growing demand to scale award efforts with the help of advanced technology, establish a communication between award organizers, applicants and judges, increasing need to engage with the customers, and deliver an enriched experience continuously are some of the major factors driving the growth of the award management software market.
By end user, corporations to hold the largest market size in 2020

In the current competent market, both small and large businesses leverage contests and events to position themselves apart from their competitors and attract more talented professionals at their workplace. The award management solution can help corporations in implementing various strategies, including entertainment of staff members, launch of new products, recruitment through creative contests, and employee motivation. Corporations are emphasizing on adopting the award management solution to boost the performance of award teams for better engagement of customers. Increasing automation in the corporation sector to increase business efficiency and remain competent in the market are major factors contributing to the growth of the award management software market.

IoT Cloud Platform Market Strategy and Remarkable Growth Rate By 2025

According to a research report "IoT Cloud Platform Market Forecast by Offering (Platform and Service), Deployment Mode (Public Cloud, Private Cloud, and Hybrid), Organization Size, Application Area (Building Home Automation and Connected Healthcare), and Region - Global Forecast to 2025", published by MarketsandMarkets,the global Internet of Things (IoT) cloud platform market size to grow from USD 6.4 billion in 2020 to USD 11.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period.

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Major factors expected to drive the growth of the IoT cloud platform market include the proliferation of IoT devices, need to increase operational efficiency, rapidly decreasing costs of IoT-based sensors connectivity hardware, and government initiatives for Research and Development (RD) activities related to IoT.

Based on offering, the platform segment to hold a higher market share during the forecast period

The IoT cloud platform market is a platform-driven market. The platform plays a crucial role in handling all the IoT and cloud operations related activities that include collecting data from IoT-enabled devices to the storage and analysis of collected data for gaining real-time insights. The rising number IoT devices in various application areas is one of the major factors driving the growth of platform segment in the IoT cloud platform market.

3D Imaging Market Innovations, Technology Growth and Research -2025

The report "3D Imaging Market Forecast by Component (Hardware, Solutions, and Services), Deployment Mode, Organization Size, Vertical (Manufacturing, Media and Entertainment, and Architecture and Construction), and Region - Global Forecast to 2025", size to grow from USD 15.5 billion in 2020 to USD 41.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period.


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The major factors driving the growth of the 3D imaging market are the increasing demand for 3D image sensors from verticals, such as manufacturing, automotive, and media and entertainment. The growing demand for 3D accelerometers in smart phones and gaming consoles is also expected to drive market growth.
Large enterprises segment to hold a larger market size during the forecast period

The 3D imaging market is segmented by organization size into large enterprises and Small and Medium-sized Enterprises (SMEs). The large enterprises segment is expected to have a larger market size during the forecast period, due to the increasing urge among organizations to adopt 3D imaging solutions and hardware to deliver better customer experience. Large healthcare and life sciences institutions need to have advanced X-Ray, Computed Tomography scan, and Magnetic Resonance Imaging devices to treat patient health. The adoption of high-end 3D imaging technologies, such as 3D scanners, 3D displays, and 3D sensors are increasing the quality of images owing to their high resolution. Various businesses, such as media and entertainment, manufacturing, and retail and eCommerce are adopting 3D imaging hardware and solutions to increase business processes and remain competitive in the market.

Cognitive Computing Market Innovations, Technology Growth and Research -2025

The report "Cognitive Computing Market Share by Component, Deployment Mode, Business Function, Application (IVA and Chatbot and Behavioral Analysis), Technology (Human Computer Interface and Deep Learning), Industry Vertical, and Region - Global Forecast to 2025", is expected to grow from USD 20.5 billion in 2020 to USD 77.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 30.5% during the forecast period.

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The major growth factors of the cognitive computing market include the increasing adoption of digitization and automation across various industry verticals. The increasing demand for intelligent business processes to enhance decision-making, the benefit of cost-effectiveness offered by cognitive solutions, and fulfilling the enterprise need to adopt advanced cognitive abilities to reduce operational costs.

Large enterprises segment to hold a larger market size during the forecast period

The cognitive computing market is segmented by organization size into large enterprises and Small and Medium-sized Enterprises (SMEs). The large enterprises segment is expected to have a larger market size during the forecast period, due to the inclination of large enterprises to adopt Artificial Intelligence (AI) and Machine Learning (ML) technologies for processing large volumes of data being generated from multiple data sources. Large enterprises have a huge corporate network and organize many events. Cognitive solutions enable large enterprises to gain customer experience and have better cognitive capabilities for business decisions. However, the SMEs segment is expected to grow at a higher CAGR during the forecast period. SMEs are growing at a rapid rate and are keen to implement intelligent chatbots to ensure better customer service for engaging and retaining customers.

Revenue Management Market: Size, Share, Trends, Current and Future Analysis

According to a research report "Revenue Management Market Trend by Solution (Billing and Payment, Price Management, Revenue Assurance and Fraud Management, and Channel Management), Service, Deployment Mode (On-premises and Cloud), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the revenue management market size is projected to grow from USD 14.1 billion in 2019 to USD 22.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period.

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The major factors driving the growth of the revenue management market include the rising need for competitive pricing strategies, penetration of mobile devices worldwide, high growth in subscriber base in various regions, and digital transformation to compel Communication Service Providers(CSPs) for integrating revenue management throughout modern systems.
By component, the solutions segment to record a larger market size during the forecast period

The solutions segment consists of billing and payment, price management, revenue assurance and fraud management, channel management where revenue management vendors can provide one-stop, end-to-end solutions for enterprises. The billing and payment solution comprises intelligent configuration, pricing, and quoting solutions, deal management tender management, order management, and financial accounting. The channel management solution consists of channel data management, rebate management, and marketing fund management. Channel management enables enterprises to provide personalized pricing and tailored products for customers, depending upon their attributes. The pricing management solution makes use of smart algorithms for data mining and smart pricing algorithms, thus using the information to arrive at better pricing and promotions for enterprises. The revenue assurance and fraud management solution optimizes enterprise control of the billing chain and ensures billing accuracy to detect even the minutest errors for reducing revenue leaks.