Command and Control Systems Market Worth $25.04 Billion by 2025

The global command and control systems market size is anticipated to reach USD 25.04 billion by 2025, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing military budgets of Asian countries, such as China and India, rising influence of terror groups in Iraq, Syria, and Palestine, and technological advancements in defense industry are anticipated to fuel the Command and Control (C2) demand.

Geopolitical conflicts in Asian countries, such as India, China, and Pakistan coupled with multinational military practices performed by the armed forces in Middle East are expected to fuel the demand for C2 systems as they enhance efficiencies of military operations. Command and control systems offer technological advantages, such as real-time information sharing and situational awareness, which enhance operational competences of military operations. Moreover, extensive adoption of C2 systems to effectively manage mission-critical situations in the commercial sector as well as manufacturing, transportation, and other industries is predicted to drive the market over the forecast period.

The maritime segment is estimated to witness the highest growth over the forecast period. Growing investments in naval development across the world along with increasing global trade activities and usage of cargo ships in maritime trade are contributing to the segment growth. Technological advancements offer benefits such as higher efficiency in battlefield operations, situational awareness and effective planning and decision making in mission-critical situations.

Some of the major vendors active in the Command and Control (C2) systems market are Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing Company. Vendors operating in the market are poised to witness a rise in the demand owing to increasing technological advancements.

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Further key findings from the study suggest:

Maritime is predicted to register the fastest CAGR of 5.5% over the forecast period owing to the increasing marine trade, need for safety and security of the shipping operations and growing investments in naval forces by the developed countries
The land segment is anticipated to hold the largest market share throughout the forecast period due to the increasing adoption of the C2 systems in land-based military operations
Asia Pacific is anticipated to be the fastest growing regional market, on account of the growing geopolitical conflicts and military expenditures on the next generation of communication activities
Some of the prominent players operating in the command and control systems market are Lockheed Martin Corporation, BAE Systems, Rockwell Collins, and The Boeing Company.

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About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Software Consulting Market Size Worth $382.65 Billion By 2025

The global software consulting market is expected to reach USD 382.65 billion by 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for digitalization in business processes and low start-up costs associated with software consulting services are expected to drive the growth of the market.

The growing adoption of enterprise software solutions to increase productivity and efficiency of an organization is driving the demand for software consulting services for efficient installation and use of these solutions. The increasing need for the development of enterprise mobile applications and web applications is further expected to drive the demand for consultation planning, implementation, and support for applications.

Migration of IT infrastructure to cloud computing infrastructure and traditional IT solutions to mobile computing solutions are the current trends observed in the market. These trends are expected to drive the demand for software consulting services over the forecast period. Furthermore, new service providers in the market are delivering an innovative business model that redefines the existing business model.

Moreover, digital transformation across the manufacturing industries and adoption of Industry 4.0 standards are expected to drive the demand for software consulting services for installing new software based solutions and gaining insights on advanced changes made in the software solutions. Increasing number of SMEs and their demand for advanced software solutions for developing effective business models are expected to fuel the growth of the market.

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Further key findings from the report suggest:

The enterprise solution segment is expected to account for a significant market share over the forecast period owing to the increasing demand for an efficient and integrated system that minimizes operational costs.
Increasing investments by large enterprises in advanced technologies to cope with the changing industry dynamics are expected to drive the growth of the large enterprise segment.
The IT & telecom segment is expected to witness the highest growth in terms of revenue over the forecast period. Increasing demand for maintaining quality, security, and performance of software architecture in the IT & telecom industry are expected to drive the growth of the market.
North America is expected to continue to dominate in the market over the forecast period owing to the presence of a large number of software consulting service providers.
The key industry participants include Atos SE, Accenture, Capgemini, CGI Group Inc., Cognizant, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, IBM Corporation, Oracle, PwC, and SAP SE.

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Data Center Rack PDU Market Size Worth $2.04 Billion By 2025

The global data center rack power distribution unit (PDU) market is expected to reach USD 2.04 billion by 2025, according to a new report by Grand View Research, Inc. In a data center environment, a rack PDU aids in supplying power to server racks. The rising need for reliable power solutions is one of the key factor that is anticipated to have a positive impact on the market growth over the coming years.

The recent years have observed an increase in the number of data centers that have faced power outages. This has led to the disruption of business operations and induced operators to equip their data centers with redundant power units to ensure higher availability. Furthermore, the increasing espousal of cloud-based services has encouraged cloud service providers to make investments for renovating their existing data center facilities and building new facilities, thereby, driving the data center rack PDU market.

The adoption of these PDUs with smart features and higher power ratings, especially switched PDUs that witnessed a substantial progress in 2015, is also expected to drive the market growth. The demand of remote control, capacity planning, and power provisioning is increasing with the rising need for automation within data centers. These functions along with environmental monitoring and security features that rack PDUs empower drive the market growth.

Organizations are focusing on procurement of solutions for increasing energy efficiency and managing power consumption, owing to the increase in power usage. PDU manufacturers are offering solutions with monitoring capabilities to control power consumption and ensure better usage of resources. In addition to decreasing power usage and increasing the efficiency of a data center, the solutions are also anticipated to reduce an organization’s carbon footprint.

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Further key findings from the report suggest:

The global data center rack power distribution unit market exceeded USD 1,000 million in 2016 and is expected to grow at a CAGR of 6% from 2017 to 2025 owing to an increasing demand for energy efficient power distribution products.
Intelligent PDU is expected to be the most popular product during the forecast period, as it aids in reducing power wastage in data centers, and generate revenue exceeding USD 400 million by 2025
The Asia Pacific region is projected to witness substantial growth over the coming years, owing to increasing espousal of cloud offerings from the major cloud service providers and government initiatives that encourage global data center operators to establish or expand their presence in the region
The key players, such as Cyber Power Systems, APC Corporation,Server Technology,Raritan Inc., Vertiv and Eaton, dominated the market in 2016, with an increased focus on introducing novel and innovating products in a bid to face competition.

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Global Mobile POS Terminals Market Expected To Reach USD 42.99 Billion By 2022

The Global Mobile POS Terminals Market is expected to reach USD 42.99 billion by 2022, according to a new study by Grand View Research, Inc. Mobile POS terminals have evolved from basic payment processing tools to advanced analytics solution providers with greater processing capability and wireless communication support. The inflection of these terminals came with the adoption of consumer grade devices such as tablets for business use. Ubiquitous wireless connectivity such as the Bluetooth, availability of mobile printers, scanners, card readers and peripheral devices; and multiple platform support have driven the mobile POS terminals market in various applications.

Sophisticated data analytics, growing credit card payments and ever-changing consumer expectations are expected to spur the mobile POS terminals industry. This growth has encouraged retailers to leverage new applications and strategies to deliver seamless customer experience. Mobile applications have the ability to create new channels for revenue growth; as a result, vendors are increasingly trying to understand various marketing channels available in order to leverage technology to compete. Flexibility of having a tablet-based mobile POS owing to low installation costs has attracted SMBs to invest in this technology. Reduced customer time in line, increased security, free floor space and paper-free receipting services are the features driving mPOS terminals demand over traditional or fixed terminals.

The growing penetration of tablet devices, rising base of SMBs and micro-merchants, need for effective line-busting schemes to encourage card adoption are expected to propel market growth over the coming years. However, lack of standardization and data security concerns may restrain mobile POS terminals market growth. Increased penetration of Near Field Communication (NFC) in mobile devices is expected to augment demand.

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Further key findings from the study suggest:

The mobile POS terminals market primarily includes components such as hardware and software. Mobile POS hardware systems accounted for majority of the market share in 2014; the segment is expected to lose market share through the forecast period. The software segment is expected to witness growth as consumers shift towards the use of consumer-grade electronics devices such as tablets for managing their POS needs.
Retail segment accounted for over 30% of the overall market share in 2014. Growing adoption of mobile POS technology across SMBs and micro-merchants is expected to drive segment growth.
Asia Pacific and Latin America mobile POS terminals market are expected to witness substantial growth over the forecast period. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Surge in demand across application segments is expected to spur the regional market.
Notable companies operating in the industry such as Verifone, Ingenico, and Micros Systems provide various handheld and tablet-based mobile POS solutions. Verifone Systems introduced these solutions for SMBs along with iPayment to address the need of the marketplace.

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About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.