Lawful Interception Market Worldwide Demand, Applications, and Trends

Global Lawful Interception Market is anticipated to witness exponential growth in the forecast period. Lawful interception implies legally authorized investigation of data and voice communications. It is a significant tool for law enforcement agencies worldwide for investigating and litigating criminal activities.

The factors that propel the growth of the market include increasing threats of security to the various nations, growing number of cybercrimes, increase in the terrorist attacks, rising law and order violations, advances in communication channels and high demand from law enforcement agencies for the lawful interception activities.

On the other hand, there are factors that may hamper the growth of the market including high cost of maintaining interception capabilities and penetration and emergence of new communication protocols. Globally, market is anticipated to grow at a significant CAGR of 24.33% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Lawful interception market may be explored by device, communication content, services, end users and geography. The market may be explored by device as routers, mediation devices, gateways, Intercept Access Point (IAP), switches, management server and handover interface. Based on communication content, the market could span video, voice communication, facsimile, text messaging, data download, digital pictures, next generation network (NGN) and file transfer.

The key services that could be explored in the market include managed services, professional services, and system integrators. The market could be explored based on end user as LEAs, government and public affair and small and medium enterprises (SMEs).

North America accounted for the major share of the lawful interception market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising volume of data traffic, emergence of huge global and large telecom corporations, increased security threats and high use of technologies such as LTE/4G and VoLTE providing high-speed mobile broadband networks in these nations.

Some of the key players that fuel the growth of the lawful interception market comprise Fire Eye, Inc., Verint Systems Inc., Aqsacom, Siemens AG, Net Optics, Inc., BAE Systems, Utimaco GmbH, NICE Systems, Incognito Software, Cisco, SS8, ZTE Corporation, and NetScout. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Bot Services Market Prominent Vendors, Business Strategies, and Analysis

Global Bot Services Market is expected to grow at a significant CAGR of 28.49% in the upcoming period as the scope and its applications are rising enormously across the globe. Bots are computer assistants that answer questions and help to get things done faster. It allows managing, building, monitoring, connecting, deploying, and testing bots from a web browser without a separate editor.

The factors that are playing a major role in the growth of the market are the availability of cost-efficient bot services, beginning of cloud bot-as-a-service, growing number of users on social media, and rising use of highly enhanced tools like natural language processing and artificial intelligence. However, lack of reluctance and awareness among customers regarding the use of bot services and accuracy issues related to bot services are the factors that may restrain the overall market in the years to come. Bot services market is segmented based on service, deployment channel, mode, end-user, and region.

Platform and framework are the services that could be explored in bot services in the forecast period. Platform sector accounted for the significant market share of bot services and is estimated to lead the overall market in the years to come. The reason could be acceptance of bot services by large, medium, and small enterprises. Based on the deployment channel, mobile applications, websites, social media, and contact center and customer service could classify bot services in the forecast period.

Video, text and rich media, and audio are the modes that could be explored in bot services in the forecast period. Text and rich media sector estimated to account for the significant market share in the years to come, as it is an effective mode for customers to interact with bots. The reason behind the overall market share could be an enhancement in machine-learning technology, NLP, and AI and growing number of social media users.

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The market may be categorized based on end-users like real estate, banking, financial services, and insurance (BFSI), travel and hospitality, retail and e-commerce, education, healthcare, government, media and entertainment, telecom, and others could be explored in the forecast period. Banking, financial services, and insurance (BFSI) sector accounted for the significant market share of bot services. In addition, the government sector is estimated to grow at the fastest pace in the years to come.

Globally, North America accounted for the substantial market share of bot services and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers of bot services in this region, distinct and skillful frugality in terms of Gross Domestic Product (GDP), and early acceptance of the enhanced technology. The United States and Canada are the major consumers of bot services in this region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise an increasing number of social media users. The developing countries like India and China are the major consumers of bot services in this region.

The key players of the bot services market are Oracle, Amazon.com, Microsoft, IBM, Google, Facebook, Nuance Communications, Rasa Technologies GmbH, Aspect Software, Next IT Corp., Inbenta Technologies, and CogniCor Technologies. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Backup-as-a-service Market In-Depth Analysis and Revenue Details

The global backup-as-a-service market is expected to grow at a CAGR of 27.04% during the forecast period. Business processes are being more digitized and data is growing rapidly across a wide range of sources from desktop to cloud. Due to rapid adoption of cloud computing and SaaS, data size has almost quadrupled since the last decade. Decentralization has become a major challenge in protecting information within a ready accessible format while maintaining a regulatory compliance.

Backup-as-a-service (BaaS) is an upcoming technology that enables a broad range of application and data sources ensuring backup service and data regulatory compliance. Backup-as-a-service market is driven by increase in computing services, computing infrastructure and rise in public-private partnership models in the digital space. Rise in technological start-ups and the need for data backup is likely to supplement the demand for data backup in the near future. Surge in data recovery options and the need for cloud-based backup-as-a-service enhances the market growth in the near future.

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By deployment model, market is segmented as public cloud, private cloud and hybrid cloud. Private cloud deployment category is likely to dominate the market growth during the forecast period. By organization size, market is segmented as small enterprises, medium enterprises and large enterprises. End-user segmentation for backup-as-a-service market includes healthcare, research & development, media & entertainment, government and public sectors, banking, financial and insurance sectors.

Geographically, market is segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Asia-Pacific regions dominate the market growth during the forecast period due to rise in data services and emergence of data models. Rising focus of organizations to offer better customer support and experience & technology to have competitive advantage is likely to sustain the market growth during the forecast period.

Asia-Pacific backup-as-a-service market registers a higher growth during the estimated period because of rise in data & telecommunication sector and rise of IT service providers in the region. Organizational focus on customer experience and technological advantage is likely to propel the market growth.

The key players in the backup-as-a-service market report are Commvault, Symantec, IBM Corporation, Acronis, Dell EMC, Amazon Web Services, Backblaze, Cisco Systems, Fujitsu, CA Technologies, Datalink Corporation and Intronis.

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