Category: Technology

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Business Technology

Global Visitor Management Software Market Projected to Reach USD 19 Million 2026 – Facts & Factors

Global Visitor Management Software Market Growing On The Back Of Rising Demand For The Security Compliances, Increased Number Of Fraudulent Activities, Rising Incorporation Of Artificial Intelligence And IoT Devices, Growing Demand For Replacement Of Conventional Security Processes

The visitor management software is a tool for monitoring and recording the visitor traffic for the organization. The software is designed to provide increased security measures for protecting the critical infrastructure, energy, and port facilities of the organizations. The software secures a combination of data from various bio-metric scanning components and surveillance systems for tracking the visitor traffic of the organization.

The Global Visitor Management Software market was estimated at around USD 13 billion in 2019, and by the end of 2026, existing and expected developments would hit valuations of around USD 19 billion. The industry players and analysts predict the global Visitor Management Software market growth of around 5% in terms of CAGR.

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The software features such as monitoring and control over unauthorized visitors increased physical security, and assistance in the reduction of fraudulent activities are the major factor driving the increased penetration of the visitor management systems in the market. The providers also offer critical data security regulations compliance which provides organizations with increased efficiency and security through the visitor management software. The vendors of offering a wide range of functionalities including compliance management, security transaction, bio-metric recognition, and video surveillance which are proving advantageous for the visitor management software operator. The vendors are integrating its offering with advanced analytics, artificial intelligence, and IoT based devices to enable intelligent management while providing security intelligence data to the operator. The competitive environment is also witnessing the adoption of market penetrating strategies by notable players such as subscription-based integrated software for the end-users.

During the upcoming years, the rising demand for security compliances and the increased number of fraudulent activities are the major factors driving the market growth. Additionally, the incorporation of IoT, data analytics, and Artificial intelligence is further expanding the growth opportunities of the market. Moreover, the rising demand for the replacement of conventional security processes is also steering the faster adoption of this platform. The growing cloud-based visitor data management in the Asia Pacific region is further propelling the market growth.

Top Market Players

  • Alert Enterprise,
  • AppGear Ltd.,
  • BALANCE & UNIQUE Co. Ltd.,
  • Building Intelligence Inc.,
  • Envoy Inc.,
  • Genetec Inc.,
  • HID Global Corporation/ASSA ABLOY AB,
  • Honeywell International Inc.,
  • InVentry Limited,
  • Jolly Technologies Inc.,
  • Parabit Systems,
  • Proxyclick,
  • Quantum Secure Inc.,
  • SMG Infosolutions Pvt Ltd.,
  • Track force,
  • WhosOnLocation.

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Based on type, the worldwide Visitor Management Software market can be segmented into Craft Tools, Provisioning Software, Physical Identity & Access Management, and Physical Security Information Management, with the physical security information, is anticipated to dominate the type segment. In terms `of service type, the global Visitor Management Software market can be segmented into Professional Services, Deployment & Integration, and Managed Services. On the basis of application, the market can be bifurcated into Critical Infrastructure Protection, Port Security, Public Safety & Security, and Energy Security. Based on vertical, the market can be bifurcated into BFSI, Education, Healthcare & Lifesciences, Retail, Aerospace & Defense, IT & Telecom, and Government & Public Sector. The BFSI segment is projected to register the highest CAGR of around 18.5% during the forecast period. In terms of geography, the North American region is anticipated to generate maximum revenue during the studied period whereas the Asia Pacific region is projected to provide faster growth opportunities shortly. The geographical segmentation includes North America, Europe, Latin America, and Middle East & Africa in the global Visitor Management Software market.

Frequently Asked Questions

What is Visitor Management Software?

The visitor management software is a tool for monitoring and recording the visitor traffic for the organization. The software is designed to provide increased security measures for protecting the critical infrastructure, energy, and port facilities of the organizations. The software secures a combination of data from various bio-metric scanning components and surveillance systems for tracking the visitor traffic of the organization.

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What are the key factors driving Visitor Management Software Market expansion?

Rising demand for security compliances, increased number of fraudulent activities, rising incorporation of artificial intelligence and IoT devices, growing demand for replacement of conventional security processes is projected to raise demand for the visitor management software market.

Which region will make notable contributions towards global Visitor Management Software Market revenue?

North American region is anticipated to generate maximum revenue during the studied period whereas the Asia Pacific region is projected to provide faster growth opportunities shortly.

Which are the key players leveraging Visitor Management Software Market growth?

Some of the leading and top Visitor Management Software companies in the global Visitor Management Software market include Jolly Technologies Inc., WhosOnLocation, Parabit Systems, AppGear Ltd., Quantum Secure Inc., Building Intelligence Inc., Envoy Inc., Genetec Inc., InVentry Limited, Honeywell International Inc., SMG Infosolutions Pvt Ltd., Track force, BALANCE & UNIQUE Co., Ltd., Proxyclick, HID Global Corporation/ASSA ABLOY AB, and Alert Enterprise among others.

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Business Technology

Global Drone Package Delivery Market Set to Reach USD 6,051 Million 2026 – Facts & Factors

Global Drone Package Delivery Market is Growing Due to Soaring Retail and E-Commerce Sector in Urban Areas and Retail Companies Leveraging New Technologies for Rapid Delivering

Drones are is an unmanned aerial vehicle and is operated with different degrees of autonomy. Drone deliveries are carried out using manually operated or autonomous unmanned aerial vehicles (UAV). Drones can be used for delivering packages, food, and beverages, medical supplies, etc. Drone is used for delivering medicinal and pharmaceutical products, food and beverages, etc. Drones have up to 4-8 propellers and are rechargeable. Drones are used for packaged delivery because these UAV’s can travel through congested streets and make sure that the product is delivered quickly.

The global drone package delivery market was valued at around USD 530 million in the year 2019 and is estimated to grow at a CAGR of approximately 42% over the projected period and is estimated to be valued at a market value of USD 6,051 million by the end of 2026.

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Drones were mainly developed for military applications in 2006. However, several federal authorities have allowed the use of drones for business purposes. In 2006, the U.S. Federal Aviation Administration issued the first permit for the use of drones for commercial purposes. Companies operating in industries like retail, logistics, and food and beverages are leveraging the use of drones for package delivery, as drones can travel faster than delivery vans through congested areas. Drones can ensure a quick delivery by flying over buildings and various types of obstacles. Drones are being used by companies for quick delivery in areas where delivery cars and vans are unable to reach. In 2019, Prime Air received permission to fly R&D missions in specific flight areas. Also, United Parcel Service (UPS), in 2020, partnered with Wingcopter to design and develop a delivery drone, which is expected to be used by United Parcel Service (UPS) for logistic purposes. In October 2019, Flight Forward, a subsidiary of United Parcel Service (UPS), was granted permission to operate a drone airline. Logistic and retail companies are looking for drones that can travel for longer durations and deliver packages to real-time locations. Further, many logistic companies are working with drone companies to develop drones with long ranges, ensuring delivery to rural areas.

One of the key driving factors for the market is the rising use of drones for commercial purposes. Logistic companies are using drones for reducing the time and costs associated with package delivery. Retail and logistic companies are more inclined towards using drones for the delivery of low cost as well as lightweight packages. Further, the development of autonomous drone technology by several companies is expected to create new avenues for the global drone package delivery market. The rise of technologies such as wireless charging, advanced battery technologies, long-range communication technologies, and the use of analytics for drone delivery is anticipated to create avenues for the global drone package delivery market in years ahead. However, complexity and technical barriers associated with operating drones as well as the high cost of UAVs are some of the factors that are restraining the market growth.

Top Market Players

  • Edronic
  • DHL International GmbH
  • Drone Delivery Canada Corp.
  • Matternet Inc.
  • FedEx
  • Zipline
  • Flirtey
  • Amazon.com Inc.
  • BIZZBY
  • Flytrex
  • Boeing
  • United Parcel Service of America Inc.
  • Workhorse Group Inc.
  • Cheetah Logistics Technology
  • Altitude Angel
  • Airbus S.A.S.
  • Wing Aviation LLC
  • Skycart Inc.
  • DroneScan
  • Fli Drone

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In terms of solution, the drone package delivery market worldwide is classified into software, infrastructure, service, and platform. Based on solutions, the service segment held the major share in the global drone package delivery market in 2019, accounting for a market share of 35% in 20199. Based on the range, the drone package delivery market is segmented into a long-range and short-range. In 2019, the short-range segment held a major share in the global market, however, the long-range segment is expected to record the highest growth over the forecasted period. Based on package size, the global drone package delivery market is bifurcated into less than 2 Kg, between 2-5 Kg, and more than 5 Kg. Based on geography, the market is segmented into North America, Europe, APAC, Latin America, and the Middle East and Africa. North America held a major share in the global drone package delivery market in 2019.

Frequently Asked Questions

What is Drone Package Delivery?

Drone package delivery is referred to as the delivery of a package using an unmanned aerial vehicle (UAV) or drone. Drone package delivery helps retailers and logistic companies in quick delivery and reducing delivery timing and cost.

What are the key factors responsible for the growth in the drone package delivery market?

The global retail and logistic industries have experienced soaring growth due to the rapid increase in e-commerce shipments around the world. This has influenced companies in adopting new technologies for ensuring fast and safe product delivery, which has been driving the global drone package delivery market.

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Which region is expected to make significant contributions towards drone package delivery market growth globally?

Asia Pacificdrone package delivery market is expected to record the fastest growth in years ahead, owing to rapid growth in the retail sector and adoption of new technologies by logistics companies in China, Japan, and South Korea. Asia Pacific held a share of nearly 28% in the drone package delivery market worldwide in 2019.

Which are the major players operating in the drone package delivery industry worldwide?

Major companies operating in the drone package delivery industry are Edronic, FedEx, Zipline, DHL International GmbH, BIZZBY, Flirtey, Flytrex, Drone Delivery Canada Corp., Amazon.com, Inc., Boeing, Matternet, Inc., United Parcel Service of America, Inc., Cheetah Logistics Technology, Altitude Angel, Workhorse Group Inc., Airbus S.A.S., Wing Aviation LLC, DroneScan, Skycart Inc., and Fli Drone.

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Business Technology

Global GPS Fleet Tracking Software Market Will Grow USD 57,042 Billion 2026 – Facts & Factors

Global GPS Fleet Tracking Software Market Growing On Expanding Transportation And Logistics Industry, Growing Vehicle Digitization, Rising Demand For Supply Chain Visibility and Increasing IoT Adoption

A GPS tracking system plays has been a crucial component of the navigation across moving platforms. The device is can be used for navigation by a vehicle or human himself with data input from the constellation of satellites also referred to as the Global Positioning System. The GPS systems are finding increased applications in commercial as well as individual requirements. The system is designed for tracking movements while being compatible with various tracking elements. The GPS role in fleet management has expanded from core tracking functionality to vehicle and driver safety monitoring.

The Global GPS Fleet Tracking Software market was estimated at around USD 15, 341 billion in 2019, and by the end of 2026, existing and expected developments would hit valuations of around USD 57,042 billion. The industry players and analysts predict the global GPS Fleet Tracking Software market growth of around 15.72 % in terms of CAGR.

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Various vendors are offering multiple sub-systems such as vehicle tracking app, speed warning, vehicle lock, vehicle health monitoring, etc. Additional security measures such as remote vehicle on-off and guide for efficient fuel consumption. Under the competitive landscape, the vendors are actively enhancing the product offering by including advanced analytics and display system for driving the profits of the clients for efficient fleet management. The competitive environment has brought prominence for negotiations on pricing, features, and implementation, wherein vendors are actively catering to the customized demand for expanding the client base. The global supply chain has been the major user of the GPS systems for monitoring the movement of fleets. The global demand for supply chain visibility is bringing new horizons for the global GPS fleet tracking systems. The penetration of advanced technology has provided clients with additional scope for profit margin enhancement. The fleet management entities are actively seeking systems for enhancing and simplified business functionalities and real-time fleet monitoring coupled with assistance in compliance with various driving norms.

In the foreseeable future, the digitization of transportation equipment, introduction of automatic and semi-automatic vehicles, and expanding the global transportation industry have collaboratively increased the consumption of GPS systems globally. The advanced analytics including predictive fleet maintenance and automated route planning is further benefiting the end-user of the GPS systems.

Top Market Players

  • GPS Insight,
  • Teletrac Navman US Ltd.,
  • ClearPathGPS Inc.,
  • Agile Fleet,
  • Rarestep,
  • Inc. (Fleetio),
  • Omnitracs,
  • US Fleet Tracking,
  • GPS Trackit,
  • One Step GPS LLC,
  • Verizon,
  • NexTraq LLC,
  • Rhino Fleet Tracking,
  • Mix Telematics,
  • Trimble Inc.,
  • Track Your Truck,
  • BrickHouse Security,
  • AT&T,
  • TomTom Telematics B.V.,
  • LiveViewGPS Inc.,
  • Zubie Inc.,
  • Fleet Trax,
  • Phantom Ltd.

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On the basis of deployment type, the worldwide GPS Fleet Tracking Software market can be segmented into cloud-based and on-premise, with the ‘Cloud-Based’ category exhibiting the highest growth during the forecast period while the on-premise deployment segment leads the GPS Fleet Tracking Software market share. In terms of components, the global GPS Fleet Tracking Software market can be segmented into solutions and services. Based on fleet type, the market can be bifurcated into Commercial Fleet and Non-Commercial Flee. In terms of geography, the North American region held the leading market share with Europe registering around 18.5% CAGR. The regional coverage includes North America, Europe, Latin America, and Middle East & Africa in the global GPS Fleet Tracking Software market.

Frequently Asked Questions

What is GPS Fleet Tracking Software?

A GPS tracking system plays has been a crucial component of the navigation across moving platforms. The device is can be used for navigation by a vehicle or human himself with data input from the constellation of satellites also referred to as the Global Positioning System.

What are the key factors driving GPS Fleet Tracking Software Market expansion?

Expanding Transportation And Logistics Industry, Growing Vehicle Digitization, Rising Demand For Supply Chain Visibility and Increasing IoT Adoption is projected to raise demand for the GPS Fleet Tracking Software market.

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Which region will make notable contributions towards global GPS Fleet Tracking Software Market revenue?

Asia PacificGPS Fleet Tracking Software market is anticipated to register remarkable growth in the overall GPS Fleet Tracking Software market in the coming years. North America region held the leading market share with Europe registering around 15.72 % CAGR.

Which are the key players leveraging GPS Fleet Tracking Software Market growth?

Some of the leading and top GPS Fleet Tracking Software companies in the global GPS Fleet Tracking Software market include XirgoTechonologies, LLC, TomTom International, Seirra Wireless Inc., Teletrac Navman US Ltd., Meitrack Group, GPS Trackit, Laird PLC, Geotab Inc., NexTraq LLC, AT&T, Agile Fleet, Track Your Truck, Omnitracs, Verizon, GPS Insight, ClearPathGPS, Inc., US Fleet Tracking, Rarestep, Inc. (Fleetio), Phantom Ltd., LiveViewGPS Inc., One Step GPS, LLC, Zubie, Inc., Rhino Fleet Tracking, BrickHouse Security, Queclink Wireless Solutions, Mix Telematics, Trimble Inc., Fleet Trax among others.

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Business Technology

Global Data Center Colocation Market Set to Grow USD 60 Billion 2026 – Facts & Factors

Global Data Center Colocation Market Growing On the Back Of Increasing Network Complexities In The Data Center Facilities and Also Due to the Growth in Demand for IoT

The procedure of renting the physical office spaces, bandwidth, and other available resources by an organization within the existing data center is termed as data center collocation. It can be used in retail or wholesale collocation. Datacenter collocation is used by various industries like IT & Telecom, BFSI, manufacturing, energy, retail, etc.

The global data center colocation market was at approximately 39 billion USD in 2019 and is expected to be valued at around USD 60 billion by the end of 2026. The analysts and industry players predict the global data center colocation market growth of around 10% in terms of CAGR.

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The rising demand for hybrid cloud technology, virtualization, and increasing network complexities in the data center facilities are majorly driving the demand for the data center colocation market globally. Large enterprises from various domains generate large volumes of data, due to which they require infrastructure with high storage capacities. But, as SMEs have budget restrictions on IT infrastructure, they are adopting colocation services for reducing costs associated with building infrastructure and other related services. Thereby, the rise in the number of small firms in developing economies is throwing ample opportunities to industry players to improve their market share. Furthermore, the rise in the omnichannel approach among retailers has boosted their IT infrastructure investments for storing customer data, for assessing customer buying patterns and product demand based on various demographic categories, including gender, region, and age group.

This is due to the high demand for social media and OTT platforms through which a high volume of data is expected. The active users on the various social media platforms are growing day by day and thus contributing to the growth of the data center collocation market globally. For example, the number of daily active Facebook users was 1.22 billion in the year 2016 which rose to 1.58 billion approximately in the year 2018. However, high startup costs and maintenance can hinder the growth of the data center collocation market in the forecast period.

Some of the leading players in the data center collocation market include China Telecommunications Corporation, NTT Communications, China Unicom, Interxion N.V., Digital Realty, Singapore Telecommunications Limited, Global Switch Corporation, and CyrusOneamong others. The players in the colocation providing innovative services that will satisfy the need of their clients. These factors provide the benefit of bargaining to colocation providers.

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On the basis of type, the global data center colocation market can be segmented into retail, wholesale, and among these the wholesale collocation is expected to have the highest market share owing to the growth of data centers for enterprises that are operating in multiple regions and that has a huge customer base with them. These enterprises have a high volume of data and also require a huge commercial space for the accumulation of their servers. In terms of end-user, the market is bifurcated into SMEs and large enterprises. Large enterprises have to manage and maintain the data at a larger volume which further requires high storage capacity infrastructures due to which large enterprises hold the highest market share. Further, in terms of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America will dominate the market for data center collocation in the forecast period because of the presence of some of the giant players in this region and also the online sales is increasing especially in the U.S. region.

Frequently Asked Questions

What is Data Center Colocation?

The procedure of renting the physical office spaces, bandwidth, and other available resources by an organization within the existing data center is termed as data center collocation. It can be used in retail or wholesale collocation. Data center collocation is used by various industries like IT & Telecom, BFSI, manufacturing, energy, retail, etc.

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What are the key factors driving Data Center Colocation Market expansion?

The surge in the adoption of cloud and virtualization technology and increased IT infrastructure budget issues from several industries and enterprises significantly influencing the demand for the data center colocation market.

Which region will make notable contributions towards global Data Center Colocation Market revenue?

Asia Pacific data center colocation market is anticipated to contribute remarkably towards the overall data center colocation market size in the coming years owing to immense development and the connectivity ecosystem in this region.

Which are the key players leveraging Data Center Colocation Market growth?

Some of the leading players in the data center collocation market include China Telecommunications Corporation, NTT Communications, China Unicom, Interxion N.V., Digital Realty, Singapore Telecommunications Limited, Global Switch Corporation, and CyrusOne among others.