MR Rport

  Market Highlights Workforce management can be defined as an integrated set of processes any particular institution uses to optimize the productivity of its employees on the individual, departmental, and entity-wide levels. In a company workforce management involves matching employee skills to specific tasks over time, quantifying the amount and types of labor needed to accomplish particular jobs on a day-to-day or hour-to-hour basis. The global workflow management system market is poised to boom exponentially by striking a CAGR OF 11% during the forecast period 2016-2022. Whereas, the valuation is expected to achieve USD 9 billion due to the rapid changes being witnessed in the field of business and workflow. Workforce management is a cohesive process in an institution to optimize the productivity of employees—individual wise, department or all levels. Workforce management involves monitoring of employee skills to match for tasks provided in a company, quantifying the labor...

  Market Highlights Market Research Future (MRFR), in its latest study on the global Virtual Reality Market 2020, reveals multiple factors that determine dynamics of the market in the review period. A detailed study of the impact of COVID 19 on the virtual reality market is explained in the report. As per MRFR analysis, the Virtual Reality Market can rise at 37.4% CAGR across the forecast period 2017–2027. The Virtual Reality Market value can touch USD 101.2 Bn by 2027.  The rise of the demand for virtual reality system in the expanding IT sector can support the rise of the virtual reality market in the years to come. The surge in the adoption of virtual reality technology across numerous enterprises across the globe can impel the expansion of the market in the years ahead. The presence of reputed developers of virtual reality solutions can bolster the expansion of the market in the years to come. The rapid expansion of the virtual reality market can also be attributed to ...

  Market Highlights Profitable opportunities that firm a positive future of the global residential security market include the prologue of predictive intelligence in residential security and expansion of the trend ‘do it yourself (DIY)’ security solutions. Promising trends that promise a continuous growth of the global Residential security market comprises the rapid appearance of wireless residential security, which acts as a class trend in many emerging regions. The potential of the global Residential security market is estimated to be attractive, with rising threats in the residential sector. The global Residential Security market is growing rapidly over ~8.53% of CAGR and is expected to reach at USD ~ 44.8 billion by the end of forecast period The study further envelops that substantial development in technologies, such as the Internet of Things (IoT), a rapid increase in demand for advanced security solutions, like alert systems and wireless locks, and adoption of cloud-b...

  Market Highlights The urbanization rates have peaked around the world with more cities trying to deal with the influx of residents by using smart city concepts to deal with overcrowding problems while improving the lives of citizens. Thus, the use of public safety solutions for a smart city to improve safety measures is expected to gain impetus in the coming years. Moreover, the need to carry out efficient management of resources is expected to define the development in the market for public safety solution for smart city in the approaching period. Market Research Future (MRFR) has published a research report about the global public safety solution for smart city market that calculates a massive hike for this market at 24.8% CAGR between 2017 and 2023. By value, the market has been figured to be worth the US $ 299 bn by the end of the forecast period. The crucial market driving factor for the global public safety solution for smart city market growth is growing urbanization...

  Market Highlights Over the last few years, players in the procurement software market have been continually implementing the innovating ideas as a foray to improve the customer experience. Acknowledging the impressive growth records, the market perceives, Market Research Future (MRFR) in its recently published study report asserts that the global procurement software market is expected to reach USD 9 Bn. by 2023 registering approximately 10% CAGR from 2017-2023. Market Scope The global procurement software market is estimated to exhibit 9.6% CAGR over the forecast period. Automation of payment cycles, creation of payment orders, and adoption of technology by procurement teams can spur the market demand significantly. Management of spending, contracts, e-sourcing, and suppliers can entice buyers in various industries. The COVID-19 outbreak had affected the logistics and supply chain providers the most. Procurement software can assist them in streamlining their processes an...

  Market Highlights According to Market Research Future (MRFR), the global passenger information system market had a valuation of USD 6.12 billion in 2016 and is estimated to reach USD 21.39 billion by 2022 with a 23.17% CAGR from 2016 to 2022 (forecast period). The report describes and discusses the effect of the outbreak of COVID-19 on the global passenger information system market, including potential opportunities and challenges, drivers, and risks. Passenger Information System is an automated system developed and deployed by public transport, including roadways, airways, and railways, to display information on the departure and arrival of a transport vehicle scheduled at a particular time interval. The advancement of technology in the transport sector drives the demand for passenger information systems available in various forms, such as LEDs, display boards, information announcement systems, or passenger information mobile application. In addition, growing public transpor...

  Market Highlights The global homomorphic encryption market size is predicted to touch USD 268.92 million at an 8.58% CAGR between 2019- 2027, states the recent Market Research Future (MRFR) analysis. Homomorphic encryption, simply put, is a type of encryption process that helps to perform computations with the ciphertext to create an encrypted outcome. This helps to delegate the data and is commonly used for ample data security. Data encryption, in other words, helps in translating data into a code or form for making the same accessible, which has the password. Multiplicative, partial, additive, and fully are the different types of homomorphic encryption. Owing to its alluring features and plentiful benefits, it has wide applications in industrial, government, healthcare, banking and finance, and others. Various factors are propelling the global homomorphic encryption market share. According to the recent MRFR report, such factors include the increasing use of mobility soluti...

  Market Highlights As per MRFR analysis, the expansion of the high performance computing market can attributed to mounting complexities of computational capabilities to resolve business issues. MRFR study states that the High Performance Computing Market can rise at 8% CAGR in the assessment period. By 2023, the High Performance Computing Market can value at    USD 50 billion from USD 31 billion in 2017. Some of the drivers supporting the growth of the global High-performance Computing market include, a higher rate of HPC adoption in government, industrial, and enterprise application, need for high computational capabilities and & complex application management, and adoption of cloud high-performance computing. However, lack of expertise & high cost in HPC maintenance and advancement in high-performance workstations are some of the factors restraining the market growth of high-performance computing in the coming future. Get a Free Sample @ https://www.market...

  Market Highlights The data analysts at Market Research Future Reports (MRFR) have thoroughly studied the global market for event management software and have predicted that the global market will value approximately USD 14.56 billion by the end of 2025. The global market is estimated to record a CAGR of 11.68% during the review period from 2019 to 2025. The growing number of management applications in smartphones is estimated to influence the global event management software market 2020. The increasing ownership of smartphones is likely to augment the market. As per the study by MRFR, more than 2 billion people use smartphones for their personal and professional use. Moreover, technological advancement is playing a crucial role in expanding the market. Moreover, easy affordability of smartphones, high accessibility, and excess social media is users routine life is playing a pivotal role is actuating the market.  However, lack of awareness in developing countries is likel...