Version Control System Market Size Worth $2.04 Billion By 2026

The global version control system market size is expected to reach USD 2.04 billion by 2026, registering a Compound Annual Growth Rate (CAGR) of 12.6% from 2020 to 2026, according to a new report by Grand View Research, Inc. The growing need for reducing complexities in software development processes is expected to drive market growth. Additionally, enterprises are widely focused on minimizing human errors while developing software and efficiently tracking modifications in the software. This is also expected to contribute to market growth.

Version control systems enable software providers to keep track of the changes in documents, website content, mobile applications, and software. Enterprises across the globe are transforming their organization structure from traditional business processes to automated applications in an attempt to increase their operational efficiency. This often leads to challenges in managing software and their different versions. The growing need among enterprises to overcome these challenges is expected to, in turn, drive the demand for version control systems.

Furthermore, key players are focused on adopting marketing strategies such as free trials, limited free versions, and discounts on licenses for certain products to attract more customers. For instance, Atlassian offers free trials, affordable starter licenses, or limited free versions for certain products to promote its brand and product awareness and to increase its product adoption.

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Further key findings from the report suggest:

The Distributed Version Control Systems (DVCS) segment is expected to witness remarkable growth over the forecast period, as it provides flexible workflows that are tailored based on the user’s project and to meet the needs of the developer team
The cloud deployment segment is expected to expand at the highest CAGR of 13.0% over the forecast period as it minimizes the total ownership cost and increases data storage capabilities for enterprises
The small and medium enterprises segment is expected to contribute significantly to the rising demand for cost-effective solutions & services for optimizing their development process
The retail and CPG sector is rapidly adopting version control systems owing to changing consumer needs and growing demand for continuously updating their website content and mobile applications
The Asia Pacific market is expected to register the highest CAGR over the forecast period. This can be attributed to the emergence of advanced cloud-based solutions, improved infrastructures, and digitization in the region

Payment Monitoring Market Worth $31.05 Billion By 2027

The global payment monitoring market size is anticipated to reach USD 31.05 billion by 2027, registering a CAGR of 16.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. The payment monitoring market growth trends include increase in digital payments and need for reducing money laundering, managing Know Your Customer (KYC) compliance, and Counter Terrorism Funding (CTF) activities. Hence, various organizations are focusing on deploying payment monitoring solutions to constrain illegal activities, which shuts off the cash flow and help reduce such activities.

People are becoming more digitally connected, which is driving the adoption of online transactions, hence, data control and personal identity theft have become a major concern for online retailers. Furthermore, the cyber thefts by hackers and cybercriminals are growing at an alarming rate, which costs companies several billion dollars each year. The high-level risk of identity theft and data loss can be reduced with the usage of payment monitoring solutions. Thus, the rising need for protection against cyber frauds will drive market growth during the forecast period.

The transaction monitoring market is witnessing the development of innovative technologies that aim to improve these solutions. Vendors are incorporating Artificial Intelligence (AI) in payment monitoring to create services more secure and smarter. Smart AI enabled payment monitoring solutions are equipped with features such as intrusion detection, network threat detection, behavioral analysis, and object classification. Thus, the integration of blockchain and AI technologies with payment monitoring solutions will propel market growth over the forecast period.

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Further key findings from the report suggest:

The watch list screening segment is forecasted to witness remarkable growth over the next eight years, as it enables organizations to efficiently and effectively screen their customers to successfully meet anticorruption, export control, anti-bribery, and other legal regulations as well as all AML and CTF legislation
The support and maintenance service helps clients understand their solutions and related processes. With the evolving business requirements, clients are looking for innovative solutions and services to manage their IT infrastructure and hence the companies require support and maintenance. Hence, it is anticipated to expand at a healthy CAGR by 2027
The cloud management segment is forecasted to witness a higher adoption over the forecast period, as it helps to avoid the costs associated with software, storage, hardware, and technical staff. It is also helpful for organizations with stringent budgets for security investments
The Small and Medium Enterprise (SME) is forecasted to witness a higher growth rate during the forecast period, owing to the increasing data protection regulations. SMEs are small in terms of their size, but are swiftly catering to large customer base globally
The fraud detection and prevention segment is forecasted to witness a higher adoption over the forecast period, owing to the increasing use of electronic transactions and increasing level of cyber-attacks across all the regions
The retail segment is expected to grow at a rapid rate over the forecast period, owing to rise in trend of online shopping, which has increased online payments
Asia Pacific is anticipated to grow remarkably by 2027, owing to the presence of emerging economies such as India and China that have become more aware of the payment monitoring process and its benefits and started adopting them for security
The key industry participants include ACI Worldwide Inc.; BAE Systems; Fair Isaac Corporation; Fiserv Inc.; FIS; Nice Ltd.; Oracle Corporation; SAS Institute; Software AG; and Thomson Reuters Corporation

Vision Positioning System Market Size Worth $9.68 Billion By 2025

The global vision positioning system market size is expected to reach USD 9.68 billion by 2025, according to a new report by Grand View Research, Inc., registering a 12.0% CAGR during the forecast period. Increased applications in healthcare, defense, and industrial automation sectors are expected to drive the market over the forecast period.

Vision positioning systems are installed in Unmanned Aerial Vehicles (UAVs), Automated Guided Vehicles (AGVs), space vehicles, industrial robots, and other automated devices. The system is used for locating the position of these automated devices using data generated by vision cameras and sensors. The sensors detect the current position of the unmanned device or robot with the help of ultrasonic sound waves and optical sensors.

The market is characterized by constantly evolving technological innovations to enhance the efficiency of vision positioning-enabled devices. Technological advancements are primarily driven by growing adoption of vision sensor-equipped devices and increasing demand for indoor navigation in various industries.

Growing adoption of UAVs and AGVs in industrial as well as commercial spaces is anticipated to boost the demand for vision positioning systems over the forecast period. Government regulations pertaining to the usage of UAVs are mostly country-specific and are present in many countries including U.S. and U.K. For instance, the German Air Traffic Act defines Unmanned Aerial System (UAS) as vehicles that are not used for recreational purposes, and states that the operation of UASs weighing more than five kilograms will require prior approval from the German Aviation Authority. Furthermore, using a UAS weighing more than 25 kg or operating it beyond the visual line of sight of the operator is usually prohibited.

Growing adoption of automated devices in developed countries and increasing relevance of cost-effective manufacturing in developing countries is expected to maintain the buoyancy and growth of the market.

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Further key findings from the report suggest:

Vision positioning cameras are expected to account for the largest revenue share by 2025, registering a CAGR of more than 12.5% over the forecast period
Healthcare is expected to emerge as the most lucrative application sector for vision positioning systems on account of growing demand for analytics and navigation
By 2025, the defense segment is projected to account for just over 38% of the total vision positioning system market revenue, which is attributed to growing demand for UAVs in the sector
In 2016, UAVs and AGVs together accounted for just over 60% of the total revenue in the Asia Pacific region
Key players in the industry include DJI Innovations, ABB Limited, Sick AG, and Cognex Corporation.

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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.

Location of Things Market Worth $71.6 Billion By 2025 | CAGR: 34.07%

The global location of things market is expected to reach USD 71.6 billion by 2025, growing at a CAGR of 34.07%, according to a new study by Grand View Research Inc. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

Location of things is an emerging sub-category of the IoT concept that enables connected devices to monitor and communicate their geographic location. Enabled by IoT sensors and location technologies embedded into various connected devices allows organizations and service providers to collect a variety of data over the network. Over the years, a variety of location-based services has been introduced, such as Google Maps, Uber, Waze, and many others, which have been enabled by the ability of a smartphone to locate itself. Location being the most vital dimension of the data collected allows service providers to provide contextual content for each user.

Advancements in connected wearable devices, connected vehicles, connected homes, smart cities, and Industrial IoT (IIoT) are bound to open extensive market avenues for the location of things market in the coming years. However, issues related to privacy and safety along with universally accepted standards are expected to challenge the industry.

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Further key findings from the study suggest that:

North America and Europe accounted for the majority share in the location of things market. Advanced infrastructure and accelerated adoption of smart devices along with the presence of major technology players are the key factors contributing to the regional market dominance.
Mapping and navigation applications dominated the global location of things market with a share of 32.6% in 2017. The introduction of various applications, such as Google Maps, HERE Maps, and Apple Maps, among others, has enabled a variety of location-based services that have led to the segment growth.
The transportation and logistics vertical segment acquired a major share in the location of things market in 2017, which is followed by the manufacturing and industrial segment. The development of connected car technologies and a variety of logistics solutions have enhanced the operational efficiencies and reduced the time-to-delivery for the transportation sector.
Asia Pacific is expected to grow at a CAGR of nearly 35.9% over the forecast period. Advancements in technology infrastructure in countries such China, India, Japan, and other developing nations in the region are expected to drive the industry growth in the coming years.
Increasing investments in IoT technologies and location-based services are expected to drive the growth of location of things market. Key market players include Google, HERE, Qualcomm, Apple, Pitney Bowes, and Bosch, among others.

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Industrial Display Market Size Worth $7.26 Billion By 2025 | CAGR: 6%

The global industrial display market is expected to reach USD 7.26 billion by 2025, according to a new report by Grand View Research, Inc. Due to the growing complexity of industrial operations and processes, the use of industrial displays has become crucial to simplify operational tasks and provide technologically advanced features.

Human Machine Interfaces (HMIs) and other displays possess the ability to respond to the changing production demands and closely monitor the production processes, thereby decreasing the downtime and increasing workforce efficiency. A well-designed HMI enables line of sight into the system, which allows the operator to control or maintain the machine and enhance productivity.

OLED displays are expected to gain prominence on account of their enhanced picture quality and low power consumption. The technology is widely used in digital signage and display boards to indicate the operational status at factory floors.

Solution providers have begun offering IIoT application platforms integrated with industrial display devices and services. For instance, American Industrial Systems, Inc. (AIS) offers open platform computing solutions for IIoT and facilitates its application in industrial companies, factories, transportation & logistics, buildings, and smart cities.

Companies are investing heavily in R&D activities for designing technologically enhanced displays and offering distinguished products compared to their competitors. Mergers & Acquisitions (M&A), strategic agreements, and multiple partnership agreements are other growth strategies adopted by players to increase their product offering and expand their distribution platform.

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Further key findings from the report suggest:

The HMI application segment is expected to account for the largest revenue share in the overall market by 2025, registering a CAGR of around 6% over the forecast period
The demand for industrial displays is expected to grow substantially in the chemical, oil, and gas segment and the energy & power segment over the forecast period
By 2025, the energy & power end-use segment is projected to account for around 25% of the total market revenue share.
In 2016, the panel-mount displays and video walls together accounted for more than 60% of the total revenue share in the European region
The LCD technology is widely used across all devices; however, the OLED technology is anticipated to witness a high growth over the forecast period
Key players in the industry include LG Display Co., Ltd., Samsung Display, Pepperl+Fuchs GmbH, Advantech Co., Ltd., Planar Systems, Inc., WinMate, Inc., NEC Display Solutions, Ltd., Maple Systems, INC., Japan Display, Inc., Innolux Corporation, and Siemens AG

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Head Up Display Market Worth $13.5 Billion By 2025 | CAGR: 25.9%

The global head up displays (HUD) market size is expected to reach USD 13.5 billion by 2025, according to a new report by Grand View Research, Inc. In terms of shipments HUD systems demand would reach 34.87 million units by the year 2025.

A Head Up Display is computerized systems that projects information onto the screen in vicinity to the viewer on screen or by means of a separate display. The HUD systems projects data, images, and supporting information to driver or the viewer in such a way that the viewer can view both the outside world and the information simultaneously. Initially, the HUD displays were prominently deployed in aviation industry seeking deployment specifically in military aircrafts. Later, the HUD displays were hosted on to civil aircrafts by means of a secondary screen. In recent times, HUD system finds applications in dynamic application arenas including automobile windscreens, motorcycle helmets where the data is displayed on the visor.

Nowadays, numerous luxury car manufactures such as Daimler AG and BMW AG have started incorporating HUD displays in their premium automobile models. Imminent future is expected to witness standardization of these HUD systems as they help in reducing accident proportion and ensure safer driving. HUD displays are even deployed in numerous gaming applications that seek deployment in conjunction with augmented reality technology. In the coming years, the automotive sector will endure to be the major contributor to the HUD market, nevertheless, the solicitation of HUDs in the wearables segment will witness the highest growth during the forecast period.

The demand from the automotive vertical and the increasing growth opportunities in the wearables sector are driving the growth of the HUD market. Automotive manufacturers are concentrating on ensuring HUD systems design, and economic assessment capability of deployment in basic & mid-segment cars.

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Further key findings from the report suggest:

The automotive HUD application segment dominated the market (in terms of market size) in 2015. HUD system further find solicitations in the aviation and wearables segments.
North America dominated the global market and accounted for the largest market share (in terms of revenue) in 2015; however, Asia Pacific region is anticipated to overgrow North America in terms of revenue by the year 2025.
The growing demand for HUD system can be attributed to the ever-growing demand for efficient and safe driving technology, across defense and civil sectors
Further, sports and premium car segments would initially witness higher adoption of HUD systems, whereas over the forecasts the HUD incorporation would increase in basic and mid-segment car segments.
The key industry participants include BAE Systems, Continental AG, DENSO Corporation, Elbit Systems, Visteon Corporation, Robert Bosch LLC, and YAZAKI Corporation

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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.

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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.

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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.

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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.

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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.

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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.).

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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.

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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.

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