IT Services Market

Biometric Point-Of-Sales Market 2018: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024

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MarketStudyReport.com adds a new 2018-2023 Global Biometric Point-Of-Sales Consumption Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Point-Of-Sales Market by product type, application, key manufacturers and key regions. Over the next five years, Biometric Point-Of-Sales market will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

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Biometrics technology is used for identification and authentication of people with the help of their biological and behavioral characteristics. An employee is asked for his user ID as soon as he logs into the retail PoS system. However, without typing in his password, he can simply scan his finger on the biometric fingerprint reader. Every time an employee tries to access a password-protected area, he is required to scan his finger. This leads to increased accountability, which ensures protection from accidental and intentional damage to the company?s data.

The emerging technologies in the payment systems and increasing number of PoS terminals are the primary growth drivers of the Biometric PoS Terminals market. Also, the rise in fraud in merchant PoS terminals is one of the major factors which is driving the growth of biometric PoS terminals market as biometrics makes it very difficult for the fraud to obtain the sensitive information of the cards and thus, enhancing the security of the transactions. Apart from this, the increased usage of biometric PoS terminals in restaurants and the growth of the self-service market which includes retail check-outs and kiosks are the major factors which are fueling the growth of the biometric PoS terminal market.

Moreover, the Biometric PoS Terminals helps to increase effectiveness and operational efficiency and thus, enhances the security of the payment systems, and due to this factor, many organizations are adopting biometric PoS terminals. During 2015, the fingerprint biometric segment dominated this market and accounted for close to 85% of the market share. Fingerprint biometric are easy to use and install which will aid in the growth of this segment until the end of 2020.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Bitel, Biyo, Crossmatch, Danal, Ekemp, Fujitsu, Ingenico, M2SYS, Pay Tango, VeriFone, Zwipe, Zvetco.

Segmentation by product type:

Fingerprint Identification

Palm-Vein Identification

Iris Recognition

Retina Recognition

Voice Recognition

Segmentation by application:

Restaurant

Retail

Logistics

Medical and Healthcare

Financial

Others

Research objectives:

To study and analyze the global Biometric Point-Of-Sales consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Biometric Point-Of-Sales market by identifying its various subsegments.

Focuses on the key global Biometric Point-Of-Sales manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Biometric Point-Of-Sales with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Biometric Point-Of-Sales submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

More Details on this Report At: https://www.marketstudyreport.com/reports/2018-2023-global-biometric-point-of-sales-terminals-market-report-status-and-outlook

Related Report:

United States Biometric Point-Of-Sales Terminal Market Report 2018

In this report, the United States Biometric Point-Of-Sales Terminal market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-biometric-point-of-sales-terminal-market-report-2018/?utm_source=RR-PSR

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IoT Utilities Market: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

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MarketStudyReport.com Adds New IoT Utilities Market 2017 – 2024 research report providing information and data By Technology, By Platform, By Component, By Service, By Application, Industry Analysis, Regional Outlook, Industry Potential, Price Trends, Competitive Market Share & Forecast spreading across 145 Pages with table and figures in it.

IoT Utilities Market is set to exceed USD 15 billion by 2024. The increasing need to enhance the operational efficiency in the utility sector is expected to boost the IoT utilities market growth. Increasing concerns to make the most effective use of energy in order to reduce the ever-increasing energy need contributes to the growth. The potential of IoT in the utility sector is huge owing to the benefits provided by these solutions such as gaining real-time visibility into every process in the facility.

Increasing demand from users for remote monitoring of facilities for quick identification and restoration of any kind of leakage and faults is expected to give rise to the adoption of IoT solutions for gas management. Leakage in the facility assets such as pipelines might cause a large amount of destruction which can be avoided by using such advanced solutions.

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The insufficiency of technically skilled workforce coupled with the lack of standards is expected to hinder the IoT utilities market growth. Growing incidents of cyber security breaches throughout the industries accessing highly sensitive information coupled with the lack of interoperability might pose a challenge to the IoT utilities market.

Government initiatives for implement smart grid in countries such as India and China is expected to propel the IoT utilities market growth. The smart grid initiatives by Indian MNCs such as Crompton Greaves, North Delhi Power Limited lies lucrative growth opportunities. Smart grids can transform an electric power grid using IoT by integrating the devices, processes and the energy infrastructure into a more connected and collaborative process. It enables the generated energy to get distributed and consumed in a more efficient and timely manner resulting in enhanced reliability and security to the users.

Asia Pacific IoT utilities market is expected to witness huge adoption owing to the rising demand for smart metering solutions and efforts to promote smart buildings & cities. The potential of smart meters to significantly reduce cost by improved outage management & easier payments and enhanced customer service are enabling huge growth opportunities in the region. Moreover, the rising use cases coupled with the presence of large number of gas & electricity production facilities and heavy investments to improve the energy infrastructure in the region is fueling the IoT utilities market growth.

Increased demand for smart solutions in the energy sector in the U.S. will continue to bring demand for advanced solutions driving the growth. Moreover, advanced infrastructure of the country is increasing the demand for cloud solutions, which will further fuel consumption.

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Players operating in the IoT utilities market include Microsoft Corporation, Intel Corporation, Cisco Systems Inc., IBM Corporation and Huawei Technologies Co. Ltd. General Electric, Trilliant Inc., Osisoft LLC and Honeywell International Inc. are among the other prominent industry players. The industry is currently witnessing heavy investments on R&D for fully connected solutions by major players. IoT solutions are considered as a necessity for the utility industry eliminating the requirements for physical visits to monitor the assets, fault & leakage detection and restoration.

Table of Content:

Chapter 1.   Methodology & Scope

Chapter 2.   Executive Summary

Chapter 3.   Industry Insights

Chapter 4.   IoT Utilities Market, By Platform

Chapter 5.   IoT Utilities Market, By Technology

Chapter 6.   IoT Utilities Market, By Component

Chapter 7.   IoT Utilities Market, By Service

Chapter 8.   IoT Utilities Market, By Application

Chapter 9.   IoT Utilities Market, By Region

Chapter 10. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/iot-utilities-market

Related Report:

IoT Infrastructure Market Size By Platform (Network Management, Device Management, Application Management), By Technology (Sensors, RFID, Connectivity Technology), By Component (Hardware, Software [Data Management, Streaming Analytics, Security, Remote Monitoring, Bandwidth Management]), By Service (Professional Service, Managed Service), By Application (Smart Cities, Smart Buildings, Smart Homes) Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

IoT infrastructure Market is set to exceed USD 130 billion by 2024. The increasing number of smart city projects across the U.S., India, China, Singapore, UK, etc. are anticipated to drive the IoT infrastructure market growth over the forecast timeframe. Smart cities require expertise across several sectors including planning, finance, transport, communication, and energy safety, among others. The IoT framework addresses the various aspects of smart projects and allows cities to utilize urban data to improve economic competitiveness, and build more effective solutions. The Indian government plans to develop over 100 smart cities that requires an investment of over USD 150 billion, which is expected to fuel the regional growth.

https://www.marketstudyreport.com/reports/iot-infrastructure-market/?utm_source=RR-PSR

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IoT Infrastructure Market 2018: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024

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MarketStudyReport.com Adds New IoT Infrastructure Market 2017 – 2024 research report providing information and data By Platform, By Technology, By Component, By Service, By Application, Industry Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast spreading across 140 Pages with table and figures in it.

IoT Infrastructure Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 25% CAGR to 2024.

IoT infrastructure Market is set to exceed USD 130 billion by 2024. The increasing number of smart city projects across the U.S., India, China, Singapore, UK, etc. are anticipated to drive the IoT infrastructure market growth over the forecast timeframe. Smart cities require expertise across several sectors including planning, finance, transport, communication, and energy safety, among others. The IoT framework addresses the various aspects of smart projects and allows cities to utilize urban data to improve economic competitiveness, and build more effective solutions. The Indian government plans to develop over 100 smart cities that requires an investment of over USD 150 billion, which is expected to fuel the regional growth.

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Increasing demand for water & waste management in cities is also expected to drive the IoT infrastructure market growth. The solutions can be implemented to sense the water supply & drainage operations of a city in real-time through various wireless networks, pressure gauges and monitoring equipment including meters. These data on water supply & drainage can be provided to the relevant management departments in order to analyze the information and make supporting suggestions.

IoT infrastructure market lies huge growth opportunities for the professional services. Increasing demand for customized services in order to implement and manage the complex IoT networks supports the professional services growth. The service providers with skilled expertise implement the technological solutions and offer end-to-end services resulting in increasing the operational efficiency. In order to reduce the total cost of ownership, adoption of professional services is on the rise, further contributing to the growth. However, managed services segment is set to witness significant growth in China, India & Singapore due to lack of adequate infrastructure for supporting such solutions.

Advancements in sensor technology coupled with the miniaturization trend is helping the manufacturers integrate several functionalities in a single chip. Devices integrated with sensors ensure the seamless transfer and exchange of data. They are used for various functionalities which include monitoring, security as well as lighting systems. Huge volume of data generated from these sensors are required to be collected and analyzed to optimize the processes

North America IoT infrastructure market is expected to retain highest revenue share over the forecast timeline. This is attributed to the advanced infrastructure followed by rising number of smart city and building projects undertaken by the government across the region. Increasing demand for smart cities in countries such as China, India & Singapore will drive the Asia Pacific IoT infrastructure market growth. Rising investments for the development of smart cities infrastructure coupled with the increasing penetration of connected devices further contributes to the industry growth.

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Companies operating in the IoT infrastructure market include Intel Corporation, Schneider Electric, Microsoft Corporation, Huawei Technologies Ltd., IBM Corporation and Cisco Systems, Inc. Honeywell International Inc., SAP SE, Oracle Corporation, Accenture PLC and PTC Inc. etc. The industry is fragmented in nature with the entry of new players with innovative and advanced set of solutions. Rising depletion of energy sources worldwide escalates the demand for efficient management of energy and power sources resulted in increased R&D investments by the major industry players, contributing to the IoT infrastructure market growth.

Table of Content:

Chapter 1.   Methodology & Scope

Chapter 2.   Executive Summary

Chapter 3.   Industry Insights

Chapter 4.   IoT Infrastructure Market, By Platform

Chapter 5.   IoT Infrastructure Market, By Technology

Chapter 6.   IoT Infrastructure Market, By Component

Chapter 7.   IoT Infrastructure Market, By Service

Chapter 8.   IoT Infrastructure Market, By Application

Chapter 9.   IoT Infrastructure Market, By Region

Chapter 10. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/iot-infrastructure-market

Related Report:

IoT Utilities Market Size By Platform (Network Management, Device Management, Application Management), By Technology (Sensors, RFID, Connectivity Technology), By Component (Hardware, Software [Data Management, Streaming Analytics, Security, Remote Monitoring, Bandwidth Management]), By Service (Professional Service, Managed Service), By Application (Electricity Grid Management, Gas Management, Water & Waste Management), Industry Analysis Report, Regional Outlook , Industry Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

The increasing need to enhance the operational efficiency in the utility sector is expected to boost the IoT utilities market growth. Increasing concerns to make the most effective use of energy in order to reduce the ever-increasing energy need contributes to the growth. The potential of IoT in the utility sector is huge owing to the benefits provided by these solutions such as gaining real-time visibility into every process in the facility.

https://www.marketstudyreport.com/reports/iot-utilities-market/?utm_source=RR-PSR

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IoT in Manufacturing Market Analysis with Key Players, Applications, Trends and Forecasts to 2024

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MarketStudyReport.com Adds New IoT in Manufacturing Market 2018 – 2023 research report providing information and data By Platform, By Technology, By Component, By Application, Industry Analysis, Regional Outlook, Industry Potential, Price Trends, Competitive Market Share & Forecast spreading across 170 Pages with table and figures in it.

IoT in Manufacturing Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 20% CAGR to 2024.

IoT in Manufacturing Market is set to exceed USD 150 billion by 2024. Rising implementation of IoT in the manufacturing sector to gain control over the operations and the supply chain process is anticipated to drive the industry over the forecast timeframe. Increasing adoption of cloud platforms across various industries offer lucrative growth opportunities to the industry growth. The technology has a huge potential to enhance the visibility in industrial operations by gaining insights to every step of the production and supply chain process in real-time.

The virtual tracking of the firm assets, operations, processes, products and other resources enables businesses to have complete visibility resulting in streamlined process and optimizing the industrial demand and supply. Rising demand for improvising the operational efficiency followed by reduction in costs associated with various manufacturing process is expected to propel the IoT in manufacturing market growth.

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Rising cyber-attacks across the industry is anticipated to challenge the IoT in manufacturing market growth. Enormous volume of data is generated from the devices making it vulnerable to breaches, raising concerns regarding data security & privacy. Lack of standards followed by the low number of skilled staffs will further hamper the demand.

Growing demand of the automotive IoT market is expected due to the rising implementation of advanced digital technologies in the vehicles to offer enhanced customer experience. Rising number of automotive OEMs from the emerging markets have intensified the competition in terms of quality and begin targeting the developed regions. Increasing competition and emerging customer demand are putting pressure on OEMs to provide innovative vehicle features that offer enhanced digital connectivity and attract younger consumers.

Asia Pacific IoT in manufacturing market is anticipated to witness growth owing to the emerging industrial sector in countries such as China, India, South Korea and Taiwan. The auto industry in India accounts for over 7% of India’s GDP. Improving government framework, growing domestic industry, developing infrastructure and the Make in India initiative are attracting major investments in the auto sector which will allow the implementation of several digital technologies in the country driving the IoT demand. Moreover, rising consumer demand in the food & beverage sector in Asia Pacific require higher fulfilment agility that is resulting in rising demand of advanced technologies to have a proper real-time course correction and supply chain monitoring further, driving the IoT in manufacturing market.

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Players in the IoT in manufacturing market include Huawei Technologies, Rockwell Automation, Siemens AG, Microsoft Corporation, IBM Corporation, Intel Corporation and Cisco Systems. Other prominent players include PTC Inc, Bosch GmbH, Schneider Electric and Zebra Technologies. The industry is witnessing entry of new players brining in innovations and advanced technologies resulting in increasing competition. High demand across various manufacturing facilities to streamline the business processes is anticipated to propel growth.

Table of Content:

Chapter 1.   Methodology & Scope

Chapter 2.   Executive Summary

Chapter 3.   Industry Insights

Chapter 4.   IoT in Manufacturing Market, By Platform

Chapter 5.   IoT in Manufacturing Market, By Technology

Chapter 6.   IoT in Manufacturing Market, By Component

Chapter 7.   IoT in Manufacturing Market, By Service

Chapter 8.   IoT in Manufacturing Market, By Industry

Chapter 9.   IoT in Manufacturing Market, By Region

Chapter 10. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/iot-in-manufacturing-market

Related Report:

IoT Utilities Market Size By Platform (Network Management, Device Management, Application Management), By Technology (Sensors, RFID, Connectivity Technology), By Component (Hardware, Software [Data Management, Streaming Analytics, Security, Remote Monitoring, Bandwidth Management]), By Service (Professional Service, Managed Service), By Application (Electricity Grid Management, Gas Management, Water & Waste Management), Industry Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

The increasing need to enhance the operational efficiency in the utility sector is expected to boost the IoT utilities market growth. Increasing concerns to make the most effective use of energy in order to reduce the ever-increasing energy need contributes to the growth. The potential of IoT in the utility sector is huge owing to the benefits provided by these solutions such as gaining real-time visibility into every process in the facility.

https://www.marketstudyreport.com/reports/iot-utilities-market/?utm_source=RR-PSR

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Firewall as a Service Market Overview, Growth Forecast, Demand and Development Research Report to 2024

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MarketStudyReport.com Adds New Global Firewall as a Service Market 2017 – 2024 research report providing information and data By Product, By Application, By Service Model, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.

Firewall as a Service Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 25% CAGR to 2024.

Firewall as a Service Market size is set to exceed USD 2.5 billion by 2024; according to a new research report. Rising initiatives by regulatory authorities to improve the security of the customer information and increase in cyber-attacks is a major factor driving the firewall as a service market growth. Firewalls help organizations in protecting end-to-end web application and database to protect their customer information and their business. The development of Next-Generation Firewall has entirely changed the landscape with features such as DPI, API, SSL inspection, filtering, and IPS, improving the cloud firewall market opportunity for these solutions.

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Rapid digitization, primarily in countries such as India and China, has led to an increase in the IT sector, leading to a new market for cyber criminals. Various organizations are working with government agencies to provide customized suites and packages to enterprises, especially SMEs, as they are very reluctant to use software and more prone to attackers.

Adoption of BYOD, digital banking, and connected devices is changing the firewall as a service market. The penetration of phones and the connectivity across the world has led to the rise in the hacking of the device and collect the financial information. NGFW is attracting lot of companies with their public deployment model as majority of the players offer the product in the competitive FWaaS market. Organizations such as Tufin, Skybox Security and Firemon are offering management software tools required by any user to track and monitor the attacks and update the regulatory norms whenever required.

The firewall appliances market holds majority of the FWaaS market share with approximately 22% CAGR estimation from 2017 to 2024. Traditionally, proxy servers and stateful inspection firewalls were used to protect the servers and network. However, with the change in the attacks and spreading its reach, internal networks require more protection than traditional ways. The UTM and NGFW were used to protect enterprises from internal and external network attacks.

The rising number of attacks and need for security measures are fostering the growth of the Asia Pacific FWaaS market. Additionally, number of organizations are understanding the benefits of offering cloud deployment to their customers to get cost-benefits. Moreover, government initiatives to improve the security and introduce norms is creating growth opportunities for the security providers.

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The players operating in the firewall as a service equipment space include Checkpoint, Palo Alto Networks, Fortinet, Cisco, IBM, Symantec, McAfee, and Sophos. Additionally, some of the pure management software providers holding strong place in the FWaaS market are Tufin, Firemon, Algosec, Skybox Security FireEye, and Watchguard.The industry is seeing a number of M&A in the past five years; for instance, the acquisition of Niara by HPE to expand their product offerings and brand value.

Table of Content:

Chapter 1.   Methodology & Scope

Chapter 2.   Executive Summary

Chapter 3.   FWaaS Industry Insights

Chapter 4.   FWaaS Market, By Product

Chapter 5.   FWaaS Market, By Application

Chapter 6.   FWaaS Market, By Service Model

Chapter 7.   FWaaS Market, By Delivery Model

Chapter 8.   FWaaS Market, By Region

Chapter 9.   Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/firewall-as-a-service-fwaas-market

Related Report:

Global Web Application Firewall Solution Market Size, Status and Forecast 2025

This report studies the global Web Application Firewall Solution market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Web Application Firewall Solution market by companies, region, type and end-use industry.

https://www.marketstudyreport.com/reports/global-web-application-firewall-solution-market-size-status-and-forecast-2025/?utm_source=RR-PSR

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Artificial Intelligence in BFSI Market Set to Register 30% CAGR During 2018-2024

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The newly released research at Market Study Report titled “2018-2024 Global Artificial Intelligence in BFSI Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

AI in BFSI Market is projected to exceed USD 25 billion by 2024. The market is driven by the growing requirement among the financial institutes to improve customer experience, gain customer loyalty along with the high intensity of competition among the market players. As the competition among the market players is rising and the customers are becoming more empowered, financial institutes are looking for cutting-edge technologies to provide a better experience and retain customers.

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Furthermore, an increase in the digital data and investments by the venture capitalists in AI and fintech market space are major forces driving the market growth. In addition, the rising partnership between financial institutes and fintech companies to integrate technology into the core financial services will also foster the growth.

The solution segment is leading the AI in BFSI market with more than 85% stake in the revenue in 2017. Wealth management institutes, banks, and insurance companies are adopting AI solutions to analyze the customer behavior and fulfill their requirements and provide a personalized experience. The solution market includes chatbots, CRM, customer behavior analytics, data analytics and visualization, and fraud detection solutions. CRM is dominating the market with more than 40% share due to the high adoption among the financial institutes in the customer contact centers and business operations.

The service market is anticipated to grow prominently during the forecast timeline with an approximate CAGR of 38%. The market is driven by the demand for professional and managed services to reduce the operational expenditure. Moreover, companies are now trying to focus more on core competencies to improve their market penetration.

Machine learning technology accounts for approximately 40% share in the AI in BFSI market. The integration of the intelligent algorithms for risk mitigation and compliance, anti-money laundering, and fraud detection applications is the primary factor that augments the demand for the technology. Natural Language Processing (NLP) is also used widely in the BFSI sector in the customer contact center to analyze the customers voice and solve their queries. Financial institutions are also utilizing NLP for back-office applications & operations and text-mining.

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Banks cover more than 50% of the AI in BFSI market. The banks are teaming up with the fintech companies to develop advanced products and improve the customer services. They are relying more on machine learning algorithms for the risk management and fraud detection. Furthermore, the adoption of the digital banking solutions and supportive government initiatives launched by the government to promote the digital banking also fosters the market growth.

North America accounted for more than 50% of the share in AI in BFSI market in 2017. The high investments in the AI and fintech sector by the technology giants are the major factors pushing the market growth. Furthermore, the early adoption of the technology and highly developed infrastructure are supporting the market growth. Asia Pacific is anticipated to grow substantially with more than 40% CAGR. The market growth is credited to the high investments by China and India in the AI technology.

The AI in BFSI market is characterized by the presence of a large number of AI and fintech companies. Several new players are entering the market to take the advantage of the myriad growth opportunities offered by the market. The prominent players of the AI solutions in the BFSI sector are Salesforce, Google, IBM, Microsoft, Amazon, SAP, Oracle, Baidu, Digital Reasoning, Intel, Ipsoft, and Palantir.

Table of Contents

Chapter 1    Methodology & Scope

Chapter 2    Executive Summary

Chapter 3.   AI in BFSI Industry Insights

Chapter 4.   Competitive Landscape

Chapter 5.   AI in BFSI Market, By Component

Chapter 6.   AI in BFSI Market, By Technology

Chapter 7.   AI in BFSI Market, By Application

Chapter 8.   AI in BFSI Market, By End-Use

Chapter 9.   AI in BFSI Market, By Region

Chapter 10. Company Profiles

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Artificial Intelligence (AI) in Education Market Trend to 2024 Profiling Microsoft, AWS, IBM, Google, Cognii, Pearson, Jenzabar, Volley.com, Content Technologies, Pixatel Systems

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AI in Education Market is projected to surpass USD 6 billion by 2024 due to the growing demand for Intelligent Tutoring System (ITS) by educational institutions. The educational institutes are adopting advanced ITS to offer personalized learning experience and enhance tutoring methods. The integration of intelligent algorithms and AI in the learning platform also promotes the growth of the market. The technology has transformed the classrooms and changed the role of educators in the learning process by providing more user-friendly and sophisticated tools for both educators and students.

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The increasing partnership between the education content developers, publishers, education institutes, and EdTech Companies to develop digital content and provide e-learning services to their students foster the demand. Furthermore, increasing investments in the EdTech and AI technology also supports the growth of AI in Education market. However, the limitation of the ITS system, data safety & security issues, and lack of skilled professionals are the major forces hindering the market growth.

The learner model is estimated to account for more than 60% share in the AI in Education market. The demand for the more student-centric learning platforms from higher educational institutions impacts the growth. Moreover, the integration of the adaptive learning technology also augments the demand for the learner model. On the other hand, the domain model is estimated to grow significantly during the forecast period with the CAGR of more than 50%. The market is driven by the need for personalized learning solutions. Due to this, the solution providers are focusing more on developing user-friendly systems with subject knowledge to guide students better.

The virtual facilitators and e-learning platform market is leading the application landscape with about 55% share in the AI in Education market. The growth of the market is credited to the increasing adoption of the online learning platform. The education institutes are focusing more on developing digital content and delivering knowledge through web-based solutions to provide more personalized learning for students. Furthermore, the integration of the virtual facilitators and chatbots in the e-learning platforms to assist students in the learning process also drives the market growth.

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The higher education sector is dominating the market with over 50% share in 2017. These institutes are leveraging the capabilities of the AI for content development, curriculum designing, online learning platforms, and administrative operations. Furthermore, the increasing adoption of the web-based services and smartphones has encouraged the educational institutes to move toward online learning solutions to increase the student base and provide high-quality education.

North America accounted for over 60% share in the AI in Education market. The growth of the market is driven by the increasing investments in EdTech and AI technology. The highly developed education infrastructures and early adoption of the technology in the education sector enhance the market growth. The growing dependence on mobile devices, such as smartphones, tablets, and laptops, to access teaching programs and study materials have given an upsurge to software developers for designing software compatible with these mobile devices, driving the market growth.

Asia Pacific AI in Education is estimated to grow substantially with the CAGR of more than 51% during the forecast timeline. The supportive government policies and digitalization activities in the region are driving the market growth. China leads the investments in technology and accounts for 17% of the global external investments in AI. Increasing investment by Chinese players is also one of the major factors driving the growth in the region.

Some of the major vendors that are serving the AI in Education market are Nuance Communication, Microsoft, AWS, IBM, Google, Cognii, Pearson, Jenzabar, Volley.com, Content Technologies, Pixatel Systems, PleIQ, Knewton, Blippar, Blackboard, Century Tech, Quantum Adaptive Learning, and Liulishuo.

Table of Contents

Chapter 1    Methodology & Scope

Chapter 2    Executive Summary

Chapter 3.   AI in Education Industry Insights

Chapter 4.   Competitive Landscape

Chapter 5.   AI in Education Market, By Model

Chapter 6.   AI in Education Market, By Deployment

Chapter 7.   AI in Education Market, By Technology

Chapter 8.   AI in Education Market, By Application

Chapter 9.   AI in Education Market, By End-Use

Chapter 10. AI in Education Market, By Region

Chapter 11. Company Profiles

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