Technology and IT

Technology and IT

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The Global Push to Talk Market size is expected to reach $43.8 billion by 2025, rising at a market growth of 10.1% CAGR during the forecast period. The pus

The Global Push to Talk Market size is expected to reach $43.8 billion by 2025, rising at a market growth of 10.1% CAGR during the forecast period.

The push-to-talk (PTT) technology is a telecommunication method for two-way communication that utilizes the half-duplex mode. This mode is similar to a walkie-talkie, wherein, the communication between the operators takes place at different times. The user is required to press a button on the device to shift to the half-duplex mode from the full-duplex mode, with which, one person can listen while the other talks. The PTT method is majorly used in air traffic telecom systems, cellular technologies, and police radios. Other than these, it can be used in use cases of public safety, manufacturing, transportation, and others.

The applications of push-to-talk use 2G, 3G, 4G, and Wi-Fi technologies for efficient and undisturbed communications. Furthermore, the advent of 5G and other next-generation wireless networks would further boost the demand for the application. The application provides instant access to the digital network over which an individual is working. PTT ensures clear and instant communication by avoiding the disturbances with its half-duplex mode feature. The devices designed for push-to-talk can bear with hazardous, stressful, and other situations.

Full Report: https://www.kbvresearch.com/push-to-talk-market/

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The Global Digital Holography Market size is expected to reach $6.5 billion by 2025, rising at a market growth of 20.3% CAGR during the forecast period. Di

The Global Digital Holography Market size is expected to reach $6.5 billion by 2025, rising at a market growth of 20.3% CAGR during the forecast period.

Digital Holography is a technique of interferometry imaging. The technology requires two waves that generate a hologram and concurrently obtain amplitude and quantitative phase images. The two waves are called 'object waves' and 'reference waves'. Digital holography generally includes two types of symbolic configurations: off-axis Digital Holography and phase-shifting Digital Holography.

Digital holography can be used not only for multidimensional sensing but also for holographic imaging of several light waves like nonlinear 3D holographic imaging. Nonlinear coherent lights like SHG, CARS and SRS waves can be recorded as holograms by modulating not only an object wave but also a reference wave. Holographic imaging of nonlinear coherent light like CAR, SHG, SRS, and evanescent waves, has been performed. Holographic SHG imaging was used to depict the 3D structure of collagen in the mouse tail dermis and epidermis.

Full Report: https://www.kbvresearch.com/digital-holography-market/

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The Global Dust Control Systems Market size is expected to reach $20.5 billion by 2025, rising at a market growth of 4.8% CAGR during the forecast period.

The Global Dust Control Systems Market size is expected to reach $20.5 billion by 2025, rising at a market growth of 4.8% CAGR during the forecast period.

Dust control systems are widely used in various industries to enhance air quality by eliminating particulate matter from the air. Manufacturers also focus on developing advanced technology dust control systems. In addition, the governments of different countries are also adopting environmental and worker safety standards and regulations. This leads to a higher demand for dust control systems. Manufacturers design cost-effective and higher-performance dust control systems improve the clean production process.

To improve the productivity of the dust control system, organizations focus on different aspects of the dust control system. Such systems include dust collector filters, compressed air systems, etc. Various industries are implementing environmentally-friendly and sustainable dust control technologies, as the dust control system is also used in areas with high levels of human activity. Industries are also looking for a personalized dust control system that can satisfy the need to monitor a specific type of dust.

Full Report: https://www.kbvresearch.com/dust-control-systems-market/

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The Global Project Portfolio Management Market size is expected to reach $8.7 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast

The Global Project Portfolio Management Market size is expected to reach $8.7 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period.

Project portfolio management (PPM) is a method used by project managers and project management organizations (PMOs) to assess a project's potential return. Project portfolio managers provide prediction and business analysis to companies looking to invest in new projects by arranging and consolidating any piece of data on planned and existing projects. Project portfolio management provides organizations with a bird's eye view of future, existing and past ventures. Through seeing the big picture of how a proposed project can fit into the organization's goals and objectives, companies will make better choices about which projects to choose from and which programs will produce the most return.

Rapid growth in automation and digitization has induced the need for monitoring and analytical solutions to improve productivity across different industries. Therefore, the proper use of resource, cost management, time tracking, data analytics etc. are specific facilities offered by software and services for project portfolio management. Growing acceptance of cloud computing services in small and medium-sized enterprises (SMSE) and growing penetration of connected devices in emerging economies is further expected to fuel global market demand for project portfolio management. An increased rate in investments in research and development by key market players has progressed towards innovative solutions like portfolio management solutions based on mobile applications, thereby allowing this segment to grow in the future.

Full Report: https://www.kbvresearch.com/project-portfolio-management-market/

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The Global Conversational Systems Market size is expected to reach $20 billion by 2025, rising at a market growth of 28.6% CAGR during the forecast period.

The Global Conversational Systems Market size is expected to reach $20 billion by 2025, rising at a market growth of 28.6% during the forecast period. Conversational Systems are intellectual machines that understand language and then conduct a written or verbal conversation with customers. They aim at refining customer experience by direct interactions. Their sole motive is to provide assistance, informed answers, helps indirect channel interaction and that can be possibly be done in real-time. In the context of advanced customer interaction and further engagement, chatbots can be utilized to improve existing touch-points or create a fully-fledged innovative digital touch-point.

READ FULL REPORT:- https://www.kbvresearch.com/conversational-systems-market/

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The Global Computer Numerical Control (CNC) Machines Market size is expected to reach $94.3 billion by 2025, rising at a market growth of 6.6% CAGR during

The Global Computer Numerical Control (CNC) Machines Market size is expected to reach $94.3 billion by 2025, rising at a market growth of 6.6% CAGR during the forecast period.

Computer Numerical Control (CNC) machines help in the manufacturing processes, wherein pre-programmed computer software dictates the movement of factory tools and machinery. The method can be used to regulate a variety of complicated equipment, from grinders and lathes to factories and routers. Three-dimensional cutting tasks can be achieved in a single collection of prompts with CNC machining. Computer numerical control (CNC) is a method for automating control of machine tools through the use of software embedded in a microcomputer attached to the tool.

It is commonly used in manufacturing for machining metal and plastic parts.

Full Report:- https://www.kbvresearch.com/computer-numerical-control-machines-market/

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The Global Field Device Management Market size is expected to reach $2 billion by 2025, rising at a market growth of 7.3% CAGR during the forecast period.

The Global Field Device Management Market size is expected to reach $2 billion by 2025, rising at a market growth of 7.3% CAGR during the forecast period.

The field management devices allows the user to remotely configure, commission, maintain and diagnose field devices with a safe and user-friendly centralized access. This helps to provide all of the related equipment's data and status in real time and removes the need for numerous software tools. It is highly demanded in the development of industry 4.0 and smart factories due to its centralized procurement of equipment with enhanced security. With the advent of IoT and digitalization, Industry 4.0's progress has been significantly enhanced, directly driving market growth.

The major factor driving the growth of this FDM market is the notable change from conventional technology to automated and smart technologies. The digitalization introduced on the entire product lifecycle helps companies to develop products faster and to introduce devices that are enabled by smart technology. Increasing penetration of smart factory and deployment of Industry 4.0 and IoT in several verticals has opened up a tremendous opportunity for the FDM industry, as automotive and manufacturing industries need FDM solutions because of mass production. In order to reduce operating and maintenance costs, mass production contributes to the need for field device management systems.

Full Report: https://www.kbvresearch.com/field-device-management-market/

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The Global Digital Lending Platform Market size is expected to reach $11.6 billion by 2025, rising at a market growth of 20.3% CAGR during the forecast per

The Global Digital Lending Platform Market size is expected to reach $11.6 billion by 2025, rising at a market growth of 20.3% CAGR during the forecast period.

Digital lending platforms are commonly used through an online platform to handle the borrowing process. The digital lending process starts with online loan application with user registration, submission of online documents, authentication and confirmation of borrowers, approval of loans, and disbursement of loans and recovery of loans. These platforms are enormously being adopted by banks as they provide seamless monitoring and increased profitability benefits. It also makes it easy for borrowers to apply and provides them with transparency, which in turn leads to considerable time savings. The automated design of online lending platforms provides lenders and borrowers with a more reliable approach to providing funding solutions, thus reducing stress and increasing the chances of successful lending approval.

The development of global digital lending platform market is influenced by a shift from traditional lending to digital lending, an increase in government initiatives to digital lending, and an increase in borrowers and lenders in need of lowered lending management time. Nonetheless, security related issues are expected during the forecast period to affect the growth of the digital lending platform market. On the contrary, it is expected that continuous growth in cloud-based digital lending technologies and technological developments in digital lending platforms will be opportunistic for the global market.

Full Report: https://www.kbvresearch.com/digital-lending-platform-market/

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The Global Sports Analytics Market size is expected to reach $4.3 billion by 2025, rising at a market growth of 26.8% CAGR during the forecast period. Spor

The Global Sports Analytics Market size is expected to reach $4.3 billion by 2025, rising at a market growth of 26.8% CAGR during the forecast period.

Sports analytics is the process of applying data collected from a team performance under different circumstances to improve the team's performance and to help make better decisions. It is the compilation of historical statistics that provide an individual or team with a viable benefit if used appropriately. Sports analytics' main objective is to enhance player performance and preserve the fan base of various large sports organizations and sports clubs.

Traditionally, sports were a mere chance game where the result depended purely on players' ability. With the introduction of digitization and the subsequent increase in analytics adoption, sports have become number games where the chances of winning the game rely on the level of analytics being adopted to determine the in-game strategy. Sports analytics provide the sports associations, players, coaches, and other stakeholders with a platform to gain insight into the player's performance and thus the team performance as a whole, which can help drive market growth during the forecast period. In addition, the use of analytical tools in sports has established the industry of fantasy gaming. Data generated through sports analytics are used in fantasy games like fantasy baseball, fantasy football, and fantasy cricket where sports enthusiasts gain insight into players' actual statistics based on the last game's calculations. The person playing the fantasy sport selects players of his own choosing using that information, thereby increasing the involvement in the game. Growing adoption and involvement in fantasy gaming has led to the need for analytics in sports that will also act as a market driver in the years to come.

Full Report: https://www.kbvresearch.com/sports-analytics-market/

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The Global Natural Language Processing Market size is expected to reach $29.5 billion by 2025, rising at a market growth of 20.5% CAGR during the forecast

The Global Natural Language Processing Market size is expected to reach $29.5 billion by 2025, rising at a market growth of 20.5% CAGR during the forecast period. 

Natural language processing involves several different techniques for human language interpretation, ranging from statistical and machine learning methods to algorithmic and rules-based approaches. A wide range of approaches are necessity because text-and voice-based data, like practical applications, varies widely. Basic NLP tasks include tokenization and sorting, lemmatization/stemming, speech tagging, language detection, and semantic relationship identification. NLP tasks generally break down language into smaller, simpler pieces, understand the relationships between the pieces, and explore how the pieces work together to create meaning.

Growing demand for enhanced customer experience, increased use of smart devices, increased choice in application areas are expected to drive growth in the natural language processing market. Moreover, growing investments in the healthcare industry, increasing deployment of cloud-based and web business applications with rising machine-to-machine technology are further fueling the growth of the demand for natural language processing. Natural language processing demand is anticipated to witness an increase in professional services around the globe with growing need. Being an easily deployable and cost-effective cloud platform, natural language processing makes it more suitable for professional services.

Full Report: https://www.kbvresearch.com/natural-language-processing-market/

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The Global Voice Picking Solution Market size is expected to reach $2.9 billion by 2025, rising at a market growth of 15.3% CAGR during the forecast period

The Global Voice Picking Solution Market size is expected to reach $2.9 billion by 2025, rising at a market growth of 15.3% CAGR during the forecast period.

Voice picking is a validated process designed to increase the efficiency and reliability of order pickers or selectors in warehouses and distribution centers. Pickers wear industrial microphone headsets that connect to a mobile device that runs a voice application. The voice of the application indicates the pickers where they have to go and what they have to do. For example, the application instructs the person to reach the location of the warehouse and also informs the quantity that needs to be picked up. The pickers speak into the microphone to confirm their work. The voice picking application requires speech recognition software that understands and interprets the spoken response of the order picker.

The industry is witnessing an increase in the adoption of voice-directed warehousing systems to improve employee productivity and warehouse performance. This is a key trend which would drive the growth of the voice picking solution market. Warehouses play a diverse range of roles across the varied industry verticals. Consumer-driven market allows operators to deploy distributed warehouses operating in fast-paced settings. Nonetheless, a fast-paced warehouse environment demands technologies and tools that can guarantee high efficiency and reliability in warehouse operations. This is where voice picking solutions become the ideal technology.

Full Report: https://www.kbvresearch.com/voice-picking-solution-market/

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The Global Private Cloud Server Market size is expected to reach $183 billion by 2025, rising at a market growth of 29.4% CAGR during the forecast period.

The Global Private Cloud Server Market size is expected to reach $183 billion by 2025, rising at a market growth of 29.4% CAGR during the forecast period.

The prevalence of private cloud systems is primarily due to its safety and control capabilities for companies with compliance issues. The other possible explanation is that service providers that offer hosting private clouds can help address important compliance elements like HIPAA and PCI.

Many companies have little choice other than to use a private cloud to achieve cloud computing advantages while ensuring regulatory compliance. Having at least one database more than required to run a private cloud on a daily basis provides flexibility in the system. A redundant server or storage area network (SAN) facilitates system maintenance along with eliminating the chances of downtime. It can also significantly improve the recovery time of disasters. Such capabilities allow Liquid Web to provide 100 percent assurances for all private clouds with Service Level Agreements (SLAs).

Private cloud is described as a version of cloud computing used by a single organization. In other way, it ensures that an enterprise is totally isolated from others. It is provided as a monthly lease in general. Because it is allocated to a single corporation, it is possible to design a private cloud to fulfill the particular needs of that organization. Flexibility, cost savings, safety and control benefits are offered by a private cloud. Such advantages are especially valuable for companies with predictable workloads or customization requirements, as well as for companies in regulated industries. Private cloud server systems are capable of responding to the need for on-demand computing services. They can handle a range of applications, storage needs, and power processing requirements effectively. The server solutions also enable companies to optimize computing resources and to connect to various services using a pay-as-you-go model. They can also enable workloads to be migrated to another database in the event of resource changes, ensuring that companies have an appropriate and reliable virtual infrastructure.

Full Report: https://www.kbvresearch.com/private-cloud-server-market/

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The Global Geospatial Solutions Market size is expected to reach $549.1 billion by 2025, rising at a market growth of 15.6% CAGR during the forecast period

The Global Geospatial Solutions Market size is expected to reach $549.1 billion by 2025, rising at a market growth of 15.6% CAGR during the forecast period.

A broad variety of factors drive the geospatial solutions industry, including advances in geospatial technologies with the advent of artificial intelligence and big data analytics. The inclusion of geospatial systems with conventional processes is another consideration that speeds up market growth. On the contrary, regulations and legal problems were discovered to impede the development pace of the industry.

Geospatial technology includes GPS (global positioning systems), GIS (geographical information systems), and RS (remote sensing), a technology that offers a radically different way of producing and using maps that are needed to manage communities and industries. Developed economies are anticipated to offer more speed to the industry for geospatial solutions. Globally, the application of geospatial techniques has seen a steady increase over the last few years. This, along with the simple accessibility of geospatial technology in advanced nations such as the United States and Canada, will certainly improve the market in the region.

Remote sensing, geographic information systems and global positioning systems are the categories of spatial technologies used in industrial applications. Satellite imagery and geospatial data from satellite or aerial cameras has been referred to as remote sensing. Some business satellite image can generate 30 centimeters of detail. Satellite imagery significantly enhances a GIS mapping project and acts as an information and data source to promote geospatial analysis and modeling evaluation and classification.

Full Report: https://www.kbvresearch.com/geospatial-solutions-market/

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The Global Commercial Satellite Imaging Market size is expected to reach $4.7 billion by 2025, rising at a market growth of 11.3% CAGR during the forecast

The Global Commercial Satellite Imaging Market size is expected to reach $4.7 billion by 2025, rising at a market growth of 11.3% CAGR during the forecast period.

Increasing dependence on location-based services (LBS) is expected to drive the growth of the global market for commercial satellite imagery. This is linked to the fact that location-based services play a major role in the use of smart devices by providing real-time geographic data. Satellite imaging works with the help of imagery satellites to capture images of the Earth or other planets. Using these images for commercial purposes is known as commercial satellite imaging that includes a variety of applications such as environmental monitoring & management, border area surveillance, energy resource security, and construction project mapping. Commercial satellite imaging is useful across different sectors, including transportation, defense, construction, and others that acts as a key driver of the satellite imagery market.

Satellite imaging applications are navigation, mapping, GIS, geomarketing and advertising, emergency and security applications, business applications, sport, augmented reality/games, mHealth, tracking and social networking. All these applications are designed to meet the various requirements and conditions of use. The surge in context-aware applications is predicted to further enhance market growth during the forecast period and the increasing number of devices shipments with location-based services.

Full Report: https://www.kbvresearch.com/commercial-satellite-imaging-market/

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The Global Optical Character Recognition Market size is expected to reach $12.6 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period.

The Global Optical Character Recognition Market size is expected to reach $12.6 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period.

Optical character recognition (OCR) is the technology used to distinguish printed or handwritten text characters within digital images of physical documents like scanned paper documents. A basic OCR process includes examination of the text of a document and translating its characters into a code which can be used to process the data. OCR systems are made up of a combination of hardware and software which is used for converting physical documents into machine-readable texts. Hardware systems like optical scanner or specialized circuit board are used for copying or reading text. While on the other hand, software systems typically handle the advanced processing. Also, software can take advantage of artificial intelligence (AI) for implementing more advanced methods of intelligent character recognition (ICR), for example, identifying languages or styles of handwriting.

Full Report: https://www.kbvresearch.com/optical-character-recognition-market/

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The Global Video Surveillance Market size is expected to reach $89.7 billion by 2025, rising at a market growth of 14.6% CAGR during the forecast period.

The Global Video Surveillance Market size is expected to reach $89.7 billion by 2025, rising at a market growth of 14.6% CAGR during the forecast period.

Video surveillance systems capable of capturing images and videos which can be compressed, stored, or sent over communication networks. A video surveillance system can be used in nearly every environment. Security and surveillance are required for all organizations worldwide. Governments, enterprises, financial institutions, and healthcare organizations alike are all expected and required to have a certain level of security and monitoring measures. Consequently, there has been a drastic increase in the demand for security applications like video surveillance to monitor and record borders, ports, corporate houses, transportation infrastructure, educational institutes, buildings, public places, and others, which is expected to drive the video surveillance market growth globally.

Full Report: https://www.kbvresearch.com/video-surveillance-market/

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Application Transformation- KBV Research

Application transformation market is surfacing due to the cloud and big data technologies, which further raises the transformation process to the next level. Enterprises strive to achieve a competitive edge, which can be easily achieved with the application transformation process. There is a constant need to be updated with innovative technologies and improve the return on investment (ROI), which involves an agile methodology and scientific approach for mitigating the key challenges and risks involved in the legacy applications.

What is application transformation?

Application transformation includes everything ranging from decreasing the number of applications within an enterprise to moving the applications directly to the cloud just to confirm that these apps meet the updated compliance and government requirements. The transformation process creates a management program and application portfolio. Application transformation products and offerings help IT departments in tackling with the increasing adoption of mobile computing and social media in organizations.

The application transformation method mainly includes the three main steps: replatforming, organization transformation, and modernization. Replatforming simply means moving a small group of existing applications to an innovative platform. Moving ahead, with modernization, the level of cloud maturity in case of a replatformed application increases with larger and more complex applications that are also transformed. Lastly, organization transformation reconfigures an organization by improving small, stable teams, which provide software products.

Why is there a need for application transformation?

Increasing customer demands are influencing the companies to innovate at a faster rate. Moreover, many developers work together with legacy applications that use outdated platforms along with antiquated tools. The cloud obstructs a complex application portfolio that is combined and sparsely documented. Above all, an organization’s growth is often impeded by manual, tedious processes planned to reduce the risk and maintain compliance. Reason being, software releases are infrequent and time-consuming. Application transformation services help to ease out the journey of transformation to the cloud and provide confidence at every step of the journey. This technology works alongside to change from the legacy portfolio to cloud-native, which also reduces cost, time, and operational inefficiencies and also maintains security, compliance, and resilience. In large organizations, the plans and their executions that are based on application transformation increases the cloud maturity of an individual app portfolio.

Which industries are implementing application transformation at a large scale?

·         Retail Sector

Retailers are implementing innovative technologies for increasing their visibility and presence in the industry. The retail verticals are observing a huge transformation phase. Retailers are updating their brick-and-mortar stores for providing better services to their customers. Moreover, numerous retail stores have established an online path to increase their revenue. Retailers have adopted novel and other innovative technologies, such as big data analytics, cloud computing, digital stores, and social networks, to increase their visibility and presence globally.

·         Manufacturing Sector

The manufacturing industry, across the globe, is continuously under the pressure of increasing their output and refining the quality, that too at a minimum cost. In this era of competition, organizations aim towards growing their global presence and move ahead. It is essential to cope up with the rising expectations of customers and stakeholders. This calls for the commencement of innovative and strategic measures with the motive of becoming more responsible, economical and also cost-sensitive.

·         Government Sector

Governments have also taken initiatives in adopting innovative technologies and promoting their legacy applications by moving them to new environments and open-source middleware platforms. Since the legacy applications power core government services ranging from case management and eligibility systems till permitting, licensing, and homeland security— all these will continue to increase the technical debt. Government IT teams identify that maintaining infrastructure silos is very expensive. They are already aware that purpose-built applications are complicated to change and that traditional software development increases the delivery cycle.

Benefits of using the application transformation technology

Custom applications offer significant advantages over out-of-the-box solutions – especially when it comes to business process management and application transformation. Customer satisfaction is usually a primary benefit, but, improving efficiency is a major drive for application transformation.

Organizations are drifting away from manual interventions, as effectiveness becomes the crucial phrase.

When a manual process is replaced with electronic versions, there are quicker process flows which are put into place. This further makes the organization efficiency model a success story to reckon. Improved customer satisfaction levels, escalate the application transformation success rate for enterprises. The higher the profits, the better it is for the motivation of the employees, and more significant becomes the trust of the customers in the brand. When the profit increases, better decisions are taken towards improving the efficacy in business processes. This can be further geared towards making the customer services better.

To Sum Up

The application transformation market is growing due to a wide range of factors. The major factors influencing this boost include continuous developments, new technologies, and improvements in return on investment, which needs a scientific approach and agile methodology to reduce the key challenges and risks involved in the existing legacy applications. Multicloud is a fairly new concept for the cloud conversation and this movement has a major significance, no matter which workloads are being run in which cloud. The experience for IT and those that are utilizing the applications need to be seamless, secure and streamlined. Moreover, the Global Application Transformation Market is expected to rise at a market growth of CAGR 12.3% over the forecast period.