The rapid growth and the adoption of cloud-based technology is considered as the major factor predicted to support the growth of the application virtualization market in the next few years. Moreover, the rising research activities to offer potential growth opportunities for the market players in the next few years. Thanks to these factors, the market is expected to register a promising growth rate in the near future.
The rise in the adoption of the third platform technology by SMBS is one of the key factors projected to enhance market growth in near future. In addition to this, the growing demand for high bandwidth data services and virtualization are likely to drive the growth of the market in the near future. On the flip side, the application security and application isolations and the lack of knowledge regarding the application virtualization technologies are expected to hamper the growth of the market in the coming years.
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Among the key regional segments, North America is expected to witness high growth in the next few years. The presence of a large number of players and the rapid development of the IT industry are some of the key factors that are likely to enhance market growth in near future. Furthermore, Asia Pacific is predicted to register a healthy growth in the next few years, thanks to the rising adoption of cloud-based services across diverse industries.
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The global application virtualization market is competitive in nature and with the rise in the number of new entrants, the market is likely to witness high growth in coming years. Technological advancements and the development of new products are estimated to enhance market growth in the near future. Some of the key players operating in the application virtualization market across the globe are Microsoft Corporation, SAP SE, Citrix Systems Inc., Google, Inc., Symantec Corporation, Red Hat Inc., Dell Inc., and Oracle Corporation.
The global market for Artificial Intelligence is expected to observe an outstanding growth over the years to come due to base application expansion of Information Technology. Organizations have started to capitalize on the benefits of innovative technology. This is being done for effective positioning of technology offerings and customer reach worldwide. The increasing expenditure on Information Technology (IT) is meant to provide better advancements in both products as well as services.
The implication of Artificial Intelligence on day to day activities may make ease the life of consumers and this factor is predicted to increase the growth and demand for the market. To support this statement we may site the example of Stanford Scientists of Boston. They developed an AI camera that have the capacity to recognize objects faster and this feature could be used to help autonomous vehicles to navigate safely through vehicles.
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The Artificial Intelligence market is being utilized in a number of regions like Latin America, Asia Pacific, Middle East and Africa and Europe. As of 2015 reports, North America was seen to contribute a major revenue of 38.0% of the overall market. In contrast, Middle East and Africa is anticipated to manifest a remarkable CAGR of 38.2% during the forecast period. Aggressive technological innovations like robotic automation and increasing application of smart city concepts are boosting the uptake of AI in the area.
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Leading players are adopting various combination of strategies to stay ahead of others in the market. Most of the players are investing enormously in research and development activities with the aim to develop innovative products. This factor has lowered the chances of small vendors to enter the market. In spite of that, comparatively small players are extending their footprint in the market giving a tough competition to the leading ones.
Lithium-ion batteries are being used extensively across diverse industrial verticals, owing to which, the market is estimated to register a promising growth rate in the next few years. In addition to this, the rapid growth of the consumer electronics sector and the rising disposable income of consumers are some of the other key factors that are estimated to enhance the growth of the global lithium-ion battery market in the next few years.
As per the market research study by Transparency Market Research, in 2015, the global market for lithium-ion battery market was worth US$29.68 bn and is predicted to reach a value of US$77.42 bn by the end of 2024. The market is predicted to register a healthy 11.60% CAGR between 2016 and 2024
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On the basis of capacity, North America holds a major share of the market and is expected to remain in the similar position in the near future. The rising awareness among consumers regarding the benefits of lithium-ion batteries is predicted to encourage the growth of the North America market in the near future. On the other hand, Asia Pacific is expected to witness a healthy growth in the coming years, thanks to the rising demand for these batteries in several consumer electronics devices.
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The global market for lithium-ion battery market is highly competitive and is expected to witness an intense level of competition among the key players in the next few years. Development of new product and innovations are projected to support the growth of the overall market in the next few years. Some of the key players operating in the lithium-ion battery market across the globe are Toshiba Corporation, Panasonic Corporation, Automotive Energy Supply Corporation (AESC), Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Samsung SDI Co. Ltd., and GA Yuasa Corporation.
Sales performance management (SPM) is the practice of guiding and monitoring employees to enhance their ability to sell products or services. Various organizations use sales performance management tools to forecast and achieve quota by focusing on processes to help sales individuals to perform better. This software also helps in tracking information about sales quotas, incentive compensation, territories, and job forecasting. Banking and financial service institutions, telecom & IT, healthcare, and retail are some of the major industries that use sales performance management software.
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The global sales performance management market is expected to grow significantly in coming years on the accounts of growing focus on sales performance management procedures and massive investments in predictive analytics. According to Transparency Market Research, the global sales performance management market is expected to reach a valuation US$8.13 bn by the end of 2025 progressing from US$2.29 bn in 2017. The market is projected to expand at a robust CAGR of 17.1% during the forecast period between 2017 and 2025.
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The demand for cloud based sales performance management software is gaining traction and it contributes 59% of the total demand in 2017. The major reason for the growth of cloud- based SPM software is due to increasing adoption of SPM software by various organizations to improve management of end-to-end business processes across each application.
Moreover, rising trend of bring-your-own-device (BYOD) in the companies, rising demand to augment the value of company’s information, and manifestation of channel effectiveness and process expertise are driving the demand in this market.