Quality Management Software Market Size Worth $13.9 Billion By 2025

The global quality management software market size is estimated to reach USD 13.9 billion by 2025, registering a CAGR of 9.8% from 2019 to 2025, according to a new study by Grand View Research, Inc. Quality Management Software (QMS) is used to better manage and control quality concerns regarding performance, customer satisfaction, and competitiveness of the organization. This is done by the controlling processes as well as products for consistent quality assurance, reducing the quality gap between manufacturing practices and end-product expectations, tracking of deviations, and ensuring compliances. Increasing advancement in functionality of solution is anticipated to further boost the growth.

The QMS market is expected to witness tremendous growth due to increasing demand for effective management of organizational processes and the need for meeting consumer expectations in a highly competitive market. Technological advancements in IT and Telecom as well as automation of transportation and logistics industry is driving the growth of the quality management software market.

Quality management software offers numerous functionalities including handling of non-conformances, out of specification test results, calibration, ensuring compliance as well as a centralized system that ensures connection to organizations’ Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems. All these capabilities coupled with the reduction in costs, are energizing the adoption of quality management software across a wide range of industries.

The flexibility and mobility offered by quality management software in solutions like document control and non-conformance issue resolving is driving the demand for QMS software in large enterprises, contributing to new functionalities being added to the software every day. The increasing demand for cloud based QMS solutions due to implied scalability and accessibility is a major factor for increasing popularity of quality management software.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/quality-management-software-market

Further key findings from the report suggest:

Cloud technology is gaining popularity among cost-sensitive customers and small and medium enterprises. The numerous benefits cloud based QMS offers without incurring additional costs is helping the market grow
Globalization and the need for complying with international standards for products as well as processes has brought out the necessity of quality management systems to deal with increased pressure of numerous regulations and directives. This is an important factor affecting the spread of versatile and customized quality management solutions across industries
MasterControl, Inc.; Sparta Systems, Inc.; SAP SE; and PSC Software Company are some of the major players operating in the quality management software market. Other key vendors are Aras Corporation; Arena Solutions Inc.; Autodesk Inc.; Dassault Systemes SE; Siemens AG; Oracle Corporation; Parasoft Corporation; Microsoft Corporation;and Hewlett-Packard Enterprise Co.

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

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.

Drone Data Service Market Worth $8.15 Billion By 2025 | CAGR: 57.3%

The global drone data service market is expected to reach USD 8.15 billion by 2025, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies.

The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation.

The increasing need to evaluate imagery is a key factor driving the adoption of drone imagery software and cloud-based applications, which possess the ability to upload, share, store, and process aerial images. Moreover, there has been a steep increase in the use of cloud-based in-memory computing platform amongst businesses as it accelerates analytics, processes, and predictive capabilities.

By gathering information on a larger scale, service providers can now process unprecedented levels of detailed information and turn it into actionable information. UAV companies, such as PrecisionHawk, are transforming their business processes to enhance their focus on drone data processing rather than UAV manufacturing.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/drone-data-services-market

Further key findings from the report suggest:

The industry requires significant improvements in various processes, such as increased fusion of data, compression, encryption, and on-board processing, as the software to perform analytics directly from imagery is still in the research phase
Big data generated by drones is of vital importance in various sectors, including monitoring construction activities, ortho-rectification, and creation of Digital Surface Models (DSMs) and Digital Terrain Models (DTMs).
North America is presumed to emerge as the dominant region while Asia Pacific is expected to witness unprecedented growth over the forecast period.
Over the next three years, agricultural firms and construction companies are expected to harness the capabilities of aerial surveillance through drones on a large scale as these industries have not yet explored the benefits of imagery optimally
Drone imagery service providers across the globe are expected to transform themselves from being straight up services companies to holistic data analytics companies.

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

About Grand View Research:

Smart Education and Learning Market Size Worth $423.2 Billion By 2025

The global smart education and learning market size is expected to reach USD 423.2 billion by 2025 at a 15.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Demand for smart education is increasing among the growing population owing to benefits such as improved education quality and easy access to educational content. Increasing adoption of consumer electronics such as smartphones, e-readers, laptops, and e-learning apps has altered conventional learning methodology and enhanced efficiency of learning methods. Additionally, there are enormous opportunities for advancements in the smart education market owing to improved Internet accessibility.

However, lack of awareness among end users about latest technologies and inadequate amount of resources for delivering quality education in developing regions are anticipated to hinder market growth.

Compared to traditional classrooms based on one-way learning, the learning experience in current times has transformed immensely. Students are exposed to digital devices at an early age. New learning modes such as adaptive learning, simulation-based learning, blended learning, and collaborative learning have subsequently evolved and offer an enhanced learning experience.

The simulation-based learning segment is anticipated to exhibit the highest CAGR owing to the fact that this mode enables corporates and educational institutions to create a realistic experience in a controlled environment. It also enables professionals and learners to practice, navigate, explore, and obtain more information through a virtual medium before they start working on real-life tasks.

Growing awareness among people and rising popularity of smart education are encouraging solution providers to invest in research and development for creating more reliable, better, and cost-effective solutions. Manufacturers are making substantial investments to develop new products for enhancing user experience.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/smart-education-learning-market

Further key findings from the report suggest:

Growing demand for smart education can be accredited to factors such as increased demand among instructors and learners for improving quality of education, reducing expenses of online training, curbing geographic challenges in physically attending classes, and time constraints faced by aspirants
Increasing penetration of Internet of Things (IoT), enhanced Internet accessibility, and rapid adoption of mobile technology have encouraged users to adopt smart education solutions
Innovative techniques such as gamification, Massive Open Online Courses (MOOCs), microlearning, and adaptive learning, which improve the overall learning process, are expected to drive the smart education and learning market over the projected period
North America accounted for the largest market share in 2017 owing to its large consumer base
Some of the key industry participants in the market are Adobe Systems Incorporated (U.S.); Blackboard, Inc. (U.S.); Cisco Systems, Inc. (U.S.); Educomp Solutions Ltd. (India); and McGraw-Hill Education (U.S.).

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

About Grand View Research:

Micro & Mechanized Irrigation Systems Market Worth $33.4 Billion By 2025

The global micro & mechanized irrigation systems market is expected to reach USD 33.4 billion by 2025, according to a new study by Grand View Research, Inc. The low cost of micro and mechanized irrigation products is expected to fuel the market growth over the forecast period.

The cost-saving benefits associated with micro and mechanized irrigation systems, such as chemigation and fertigation, further contribute to the demand for these products, especially in emerging economies. These systems cater to the need for effective farming techniques and are subsequently gaining traction across the globe.

The increasing focus on sustainable agriculture techniques is accelerating the implementation of micro and mechanized irrigation systems such as drips and sprinklers. Furthermore, technological proliferation has enabled micro irrigation systems to be controlled through connected devices such as mobile phones and tablets.

These devices enable remote access, thereby providing mobility and fostering user convenience. Large arable lands make the implementation of these systems more economical and profitable. The demand for these systems is high in the agricultural segment, gardens, public parks, and sports turfs.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/micro-mechanized-irrigation-systems-market

Further key findings from the study suggest:

The drip product segment dominated the overall market in 2015 and was valued at USD 2,878.3 million. Advantages such as cost effectiveness and low power requirements are significantly propelling the demand for drip irrigation products
Sprinkler products contributed remarkably to the industry growth and accounted for USD 2,060.4 million in 2015. The ability of sprinklers to displace water at large distances is boosting the adoption of these products
The agriculture application was estimated to be a key segment in 2015 and was valued at USD 3,346.6 million
Greenhouse is anticipated to emerge as the fastest growing segment with a CAGR of over 13% from 2016 to 2025
Orchard crops dominated the global crop segment and were valued at USD 2,873.6 million in 2015. These crops are widely grown in the Asia Pacific region and are exported in developed nations including North America and Europe
The landscape application segment was valued at USD 1,149.8 million of the micro and mechanized irrigation systems market in 2015
The key industry participants include Mahindra EPC Irrigation, Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, Netafilm Limited, Rain Bird Corporation, Rivulis Irrigation, T-L Irrigation Co., The Toro Company, and Valmont Industries, Inc.

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

About Grand View Research:

Vertical Farming Market Worth $9.96 Billion By 2025 | CAGR: 21.3%

The global vertical farming market size is anticipated to reach USD 9.96 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur the market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. Growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.

Vertical farming is effective in ensuring the stability in the crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over traditional farming technique, such as less use of water, lesser need of agrochemicals, and low dependence on agricultural labors. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

Genetically modified organisms and environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 11% in 2018, owing to increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of the natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

Hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/vertical-farming-market

Further key findings from the study suggest:

Escalating production of biopharmaceutical products is anticipated to drive the market
The building-based segment is expected to register a CAGR of 23.6% in terms of revenue over the projected period
The climate control segment is expected to expand at a high CAGR over the forecast period as the crop growth can be controlled by monitoring and adjusting the concentration of minerals
The aeroponics segment is expected to witness considerable growth over the forecast period, as the aeroponics facilitate faster growth in plants (under normal conditions)
The market in Europe is expected to witness significant growth over the forecast period owing to expansion of small-scale and commercial vertical farms
Key players of the market include BrightFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Green Sense Farms, LLC (U.S.).

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

About Grand View Research:

Software Defined Networking (SDN) Market Worth $70.4 Billion by 2024

The global SDN market is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software defined networking has witnessed a surge in its popularity in the recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.

SDN acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the SDN solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.

The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the demand growth. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing industry.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis

Further key findings from the report suggest:

Software defined networking is anticipated to find Wide Area Networks (WAN) as the major use case in the coming years. Not only has SD-WAN been in the limelight of the SDN vendors for a long period now but the industry is also ripe for the adoption of the software defined WAN for enterprises which are looking to replace the existing MPLS systems that had been de facto for most major organizations.
The industry is dotted by some major players including VMware, Alcatel-Lucent (Nokia), International Business Machines, Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch Networks, and AT&T, among others. The emergence of new companies that cater to specific niche clients or provide capabilities targeting particular functionalities is also on the rise.
The new product development, industry players’ concentration on research and development activities, and developing cost effective products for a differential industry are the major strategic plans adopted by the industry players. Also, there has been an increasing focus on the partnership and collaborations in the industry. For example, in March 2015, Brocade announced that it had completed the acquisition of the SteelApp business unit from Riverbed Technology. The SteelApp product line helped the Brocade data center deployments and enhanced the Vyatta Platform offering for the NFV and SDN solutions.

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

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.

IVA Market Size Projected To Reach $12.28 Billion By 2024

The global Intelligent Virtual Assistant (IVA) market size is expected to reach USD 12.28 billion by 2024 according to a new report by Grand View Research, Inc. Demand for online self-service and growing need for self-reliance and rapid resolution of queries are expected to be the primary contributors to market growth. Online websites have become the preferred service channel for consumers gathering information, resolve issues, as well as make purchasing decisions are anticipated to drive the IVA market over the forecast period.

IVA adoption is expected to be on the rise over the upcoming years owing to its cost effectiveness. Although sales objectives have not been widely adopted for virtual agents, their potential to up sell or cross-sell is expected to be a key factor for increasing acceptance across smaller enterprises. The presence of an intelligent virtual agent on a website has helped companies achieve higher conversion rates.

Moreover, emerging trend of assistant-as-app services is expected to tap the potential of mobile applications segment. Applications engaging in conversational commerce are popping-up across several industry verticals.

To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/intelligent-virtual-assistant-industry

Further key findings from the report suggest:

Speech recognition dominated the industry with the significant revenue share, which is expected to grow at a CAGR of over 38% from 2016 to 2024. Rising adoption of mobile computer technology across the world is expected to boost the demand for this segment. Speech recognition simplifies the ability to interact with smartphones and its applications. Moreover, rising demand for the technology in numbers of end-use industries including automotive and healthcare is expected to drive the industry over the future.
Large enterprises are expected to remain the largest end-use segment by 2024. SMEs are expected to gain market share with the CAGR of nearly 36% over the next eight years. An increasing number of enterprises have adopted the technology to fuel revenue. Verticals including financial services and banking, online retail and travel have presented higher return on investment (ROI) through implementing virtual assistant. This is mainly due to higher penetration, along with the early incorporation of social and mobile channels. Industry segments with high customer contact have been among early adopters of virtual agent incorporation.
BFSI is estimated to be a largest application segment in 2015, which is estimated to grow at a CAGR of over 35% from 2016 to 2024 owing to increased penetration of virtual assistants across the segment. Increasing penetration of smartphones and tablets is resulting in high growth in mobile banking, has become a crucial differentiator in consumer service. Banks benefits from the virtual agents by providing round the clock services and automating routine services boosting consumer satisfaction and reducing inbound calls.
North America has the significant market share of over 38% in 2015 owing the high proliferation of internet services and mobile phones. Additionally, these regions are home to a large number of key participants offering advanced solutions to several segments such as BFSI, automotive and healthcare, among others. Emerging markets of Asia Pacific, MEA and Latin America are expected to exhibit high growth, primarily due to surge in mobility in countries including India, Brazil and China.
Key industry participants include [24]7 Customer Inc., Anboto Group, Apple Inc., Artificial Solutions, Clara Labs, CodeBaby Corp., Creative Virtual Ltd., CX Company, eGain Communications, Eidoserve Inc., Existor, Google, IBM Corporation, Intel Corporation, InteliWISE S.A., Microsoft Corporation, Next IT Corporation, Nuance Communications, Oracle Corporation, Speaktoit Inc., Synthetix Ltd., and ViClone Corporation. Owing to the intense competition, the key companies and several new entrants have established cooperative relationships among themselves or with third parties to increase the ability of their technologies to address the needs of the prospective customers.

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

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.

Smart Elevator Market To Grow At A CAGR Of 14.8% From 2015 To 2022

Global smart elevator market was estimated to be USD 10.50 billion in 2014 and is expected to witness significant growth on account of its increasing adoption in emerging economies of Asia Pacific, Middle East and Latin America. Safety, reliability and longer durability is expected to drive growth.

**Asia Pacific smart elevator market by solution, 2012 – 2022 (USD Million)**

Increasing requirement for faster vertical mode of transportation owing to the increasing number of skyscrapers along with growing purchasing power of consumers in Brazil, China, and India is expected to fuel growth. Rising need for energy efficient systems along with controlled transportation traffic are other key parameters fueling demand. Favorable government regulations along with expeditious infrastructure development in emerging countries are also expected to result in development of the industry in the near future. The market is anticipated to reach USD 30.55 billion by 2022.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/smart-elevator-market

Technological innovations resulting in several benefits including digital control security are also likely to contribute to growth. Better traffic management, cost efficient power consumption, and reduced waiting time for passengers are also expected to boost the market at a significant rate.

Demand for smart elevators in new deployment solutions accounted for over 40% of the global market revenue in 2014. Increasing government spending on infrastructure development, particularly in Asia Pacific, is expected to augment growth over the forecast period.

Elevator automation including efficient transportation and time-energy saving deployment, is expected to witness significant gains over the forecast period at a CAGR of 15.6%. Elevator access security & control contributed to account for more than 35% of the total share in 2014 and is expected to lose share to the automation segment over the forecast period.

Maintenance accounted for less than 6% of the market share in 2014. However, it is anticipated to witness significant growth in coming years, particularly in North America and Europe owing to the existence of installed systems and high prevalence of MRO activities in the region. Stagnant economic growth of these regions is anticipated to fuel maintenance activities of smart elevators.

Smart elevators industry for residential applications was valued at USD 2.29 billion in 2014 and is estimated to increase in the near future on account of rising disposable income and increasing demand for energy efficient alternatives. Consumer preference towards energy-efficient solutions for industrial applications is expected to propel growth in the near future at a CAGR of 15.6% over the forecast period. Rapid industrialization, particularly in Asia Pacific and Latin America, coupled with growing inclination of manufacturers towards automation is expected to result is high demand for the technology.

In 2014, North America led the global market accounting for 42.3% of the total market revenue. Asia Pacific is expected to witness substantial growth at a CAGR of 19.0% over the projected period on account of rising urbanization, technological advancement, high purchasing power, and infrastructure development in the region. Supportive government initiatives to upgrade existing systems is anticipated to fuel the growth of the Europe industry in the near future.

See More Reports of This Category:
https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

About Grand View Research: