Monday, February 12, 2024

Global Artificial Intelligence (AI) Software Market Research Report 2024

What is Global Artificial Intelligence (AI) Software Market?

The Global Artificial Intelligence (AI) Software Market is a vast and rapidly evolving field that encompasses a wide range of technologies and applications. At its core, AI software refers to programs that can process information and make decisions in a way that mimics human intelligence. This includes everything from machine learning algorithms that can learn from data and improve over time, to natural language processing systems that can understand and respond to human speech. The global AI software market is growing at an unprecedented rate, driven by advancements in technology and increasing demand across various industries. Businesses around the world are leveraging AI software to streamline operations, enhance customer service, and gain a competitive edge. The potential applications of AI software are virtually limitless, ranging from predictive analytics and automated customer service to advanced robotics and self-driving cars. As technology continues to advance, the global AI software market is poised for significant growth in the coming years.

Artificial Intelligence (AI) Software Market

Basic($35-89/Month), Standard($89-255/Month), Senior($255-449/Month) in the Global Artificial Intelligence (AI) Software Market:

The Global Artificial Intelligence (AI) Software Market offers a range of subscription plans to cater to different needs and budgets. The Basic plan, priced at $35-89 per month, is ideal for small businesses or individuals looking to explore the benefits of AI software. It typically includes access to basic AI tools and features, along with limited customer support. The Standard plan, priced at $89-255 per month, is designed for medium-sized businesses or teams that require more advanced AI capabilities. This plan usually includes additional features and tools, along with priority customer support. The Senior plan, priced at $255-449 per month, is tailored for large businesses or enterprises that need comprehensive AI solutions. It often includes premium features and tools, along with dedicated customer support and training. Each plan is designed to provide value for money, with the cost reflecting the level of features, tools, and support provided.

Financial Industry, Manufacturing Industry, Retial, Services, Other in the Global Artificial Intelligence (AI) Software Market:

The Global Artificial Intelligence (AI) Software Market is being utilized across various industries, including the financial industry, manufacturing industry, retail, services, and others. In the financial industry, AI software is used for fraud detection, risk management, and customer service. In the manufacturing industry, it is used for predictive maintenance, quality control, and supply chain optimization. In retail, AI software is used for inventory management, personalized marketing, and customer service. In services, it is used for scheduling, task automation, and customer service. Other industries also leverage AI software for various purposes, such as healthcare for disease diagnosis and treatment, education for personalized learning, and transportation for route optimization and autonomous vehicles. The versatility and efficiency of AI software make it a valuable tool in today's digital age.

Global Artificial Intelligence (AI) Software Market Outlook:

The global Artificial Intelligence (AI) Software market has shown significant growth over the years. In 2023, the market was valued at US$ 12600 million and is expected to reach US$ 15890 million by 2030, growing at a compound annual growth rate (CAGR) of 3.3% during the forecast period from 2024 to 2030. China has been a major contributor to this growth, with its core artificial intelligence industry reaching 508 billion in 2022, marking a year-on-year increase of 18%. From 2013 to November 2022, the world saw a total of 729,000 patent applications for artificial intelligence inventions, with China accounting for 389,000 of these applications, which is 53.4% of the total. These figures highlight the rapid advancement and adoption of AI technologies globally.


Report Metric Details
Report Name Artificial Intelligence (AI) Software Market
Accounted market size in 2023 US$ 12600 million
Forecasted market size in 2030 US$ 15890 million
CAGR 3.3%
Base Year 2023
Forecasted years 2024 - 2030
Segment by Type
  • Basic($35-89/Month)
  • Standard($89-255/Month)
  • Senior($255-449/Month)
Segment by Application
  • Financial Industry
  • Manufacturing Industry
  • Retial
  • Services
  • Other
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Datadog, ManageEngine, GROWITHIS, Ai Field Management, Acobot, WebHR, Sisense, ESRI, Timely, Lumen5, LiveChat, Anodot, Brainasoft, AppDynamics, Atomic Reach, Keatext, FirstScreen, AnswerRocket, Grooper, Botmind, DontGo
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global ITSM Tools Market Research Report 2024

What is Global ITSM Tools Market?

The Global ITSM Tools Market is a vast and dynamic sector that encompasses a wide range of software and services designed to streamline and enhance IT service management. These tools are used by organizations worldwide to manage their IT services, ensuring they are aligned with the needs of the business. They help in the delivery of quality IT services, which are crucial for the smooth operation of any organization. The market includes various tools such as service desk software, IT asset management, and IT project management tools, among others. These tools are designed to help IT departments manage resources, track performance, and plan for future needs. They also provide a framework for standardizing IT service delivery and improving efficiency and effectiveness. The Global ITSM Tools Market is continually evolving, driven by technological advancements and the increasing demand for efficient IT services.

ITSM Tools Market

Basic(Under $19/Month), Standard($19-99/Month), Senior($99+/Month) in the Global ITSM Tools Market:

The Global ITSM Tools Market is segmented into three categories based on pricing: Basic (Under $19/Month), Standard ($19-99/Month), and Senior ($99+/Month). The Basic category is ideal for small businesses or startups that require basic IT service management tools. These tools offer essential features such as incident management, problem management, and change management. The Standard category is suitable for medium-sized enterprises that require more advanced features. These tools offer additional features such as service catalog, knowledge management, and IT asset management. The Senior category is designed for large enterprises that require comprehensive IT service management solutions. These tools offer advanced features such as IT project management, IT portfolio management, and IT financial management. The pricing of these tools varies depending on the features, the number of users, and the level of customer support provided.

Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users) in the Global ITSM Tools Market:

The Global ITSM Tools Market is widely used across different sizes of enterprises: Large Enterprises (1000+ Users), Medium-Sized Enterprise (499-1000 Users), and Small Enterprises (1-499 Users). Large enterprises often require comprehensive ITSM tools to manage their complex IT infrastructure. These tools help them streamline their IT processes, reduce costs, and improve service delivery. Medium-sized enterprises typically use these tools to manage their growing IT needs. They help them standardize their IT processes, improve efficiency, and align IT services with business objectives. Small enterprises, on the other hand, use these tools to manage their limited IT resources effectively. They help them automate their IT processes, improve service quality, and support business growth. The usage of ITSM tools varies depending on the size of the enterprise, its IT needs, and its budget.

Global ITSM Tools Market Outlook:

Looking at the market outlook for the Global ITSM Tools Market, it's clear that this sector is on a significant growth trajectory. In 2023, the market was valued at a substantial US$ 11600 million. However, this figure is expected to almost triple by 2030, reaching an impressive US$ 34810 million. This represents a compound annual growth rate (CAGR) of 16.7% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing reliance on IT services across various sectors and the need for efficient management of these services. As businesses continue to digitalize their operations and processes, the demand for ITSM tools is expected to rise, driving the market's growth.


Report Metric Details
Report Name ITSM Tools Market
Accounted market size in 2023 US$ 11600 million
Forecasted market size in 2030 US$ 34810 million
CAGR 16.7%
Base Year 2023
Forecasted years 2024 - 2030
Segment by Type
  • Basic(Under $19/Month)
  • Standard($19-99/Month)
  • Senior($99+/Month)
Segment by Application
  • Large Enterprises(1000+ Users)
  • Medium-Sized Enterprise(499-1000 Users)
  • Small Enterprises(1-499 Users)
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Freshworks, Vision Helpdesk, ManageEngine, SysAid Technologies, Wrike, OPGK RZESZOW, Harmony Business Systems, Zendesk, MHelpDesk, SolarWinds, Spiceworks, Salesforce, Atlassian, ConnectWise, Kayako, Cherwell Software, Accelo, Atera, LogMeIn, BMC, ITConcepts
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Application Security Testing (AST) Software Market Research Report 2024

What is Global Application Security Testing (AST) Software Market?

The Global Application Security Testing (AST) Software Market is a rapidly evolving sector that focuses on the provision of software solutions designed to identify, rectify, and prevent security vulnerabilities in applications. This market is driven by the increasing need for businesses to protect their digital assets from cyber threats. The software solutions offered in this market are designed to conduct a thorough analysis of applications to identify potential security risks and provide recommendations on how to mitigate these risks. These solutions are used across various industries, including IT, banking, healthcare, and retail, to ensure the security of their applications. The AST software market is characterized by continuous technological advancements and innovations aimed at improving the efficiency and effectiveness of security testing processes. The market's growth is further propelled by the increasing adoption of cloud-based services and the growing awareness of the importance of application security in today's digital age.

Application Security Testing (AST) Software Market

Cloud-Based, On-Premises in the Global Application Security Testing (AST) Software Market:

The Global Application Security Testing (AST) Software Market is segmented into cloud-based and on-premises solutions. Cloud-based solutions are hosted on the vendor's server and can be accessed through the internet. They offer several benefits, including scalability, cost-effectiveness, and easy accessibility. On the other hand, on-premises solutions are installed and run on the user's computer or server. They offer greater control over data and are preferred by organizations with strict data security regulations. The choice between these two depends on the organization's specific needs and resources. The market for both these segments is growing, driven by the increasing need for robust application security testing solutions.

Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users) in the Global Application Security Testing (AST) Software Market:

The Global Application Security Testing (AST) Software Market caters to a wide range of users, including large enterprises, medium-sized enterprises, and small enterprises. Large enterprises with over 1000 users often have complex application landscapes and require comprehensive AST solutions to ensure the security of their applications. Medium-sized enterprises with 499-1000 users also require AST solutions but may have different needs and resources compared to large enterprises. Small enterprises with 1-499 users, while having fewer applications, still require AST solutions to protect their digital assets. The market offers a variety of solutions tailored to the specific needs of these different user groups.

Global Application Security Testing (AST) Software Market Outlook:

The Global Application Security Testing (AST) Software Market has shown significant growth over the years. In 2023, the market was valued at US$ 2773.7 million. It is expected to reach a value of US$ 4349.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2030. In 2019, HCL Technologies (formerly IBM) held the largest market share, accounting for about 13% of the market. This growth is driven by the increasing need for application security in the face of growing cyber threats.


Report Metric Details
Report Name Application Security Testing (AST) Software Market
Accounted market size in 2023 US$ 2773.7 million
Forecasted market size in 2030 US$ 4349.8 million
CAGR 6.5%
Base Year 2023
Forecasted years 2024 - 2030
Segment by Type
  • Cloud-Based
  • On-Premises
Segment by Application
  • Large Enterprises(1000+ Users)
  • Medium-Sized Enterprise(499-1000 Users)
  • Small Enterprises(1-499 Users)
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Checkmarx, WhiteHat Security, PortSwigger, Acunetix, Veracode, Qualys, Micro Focus, Rapid7, Contrast Security, ImmuniWeb, Netsparker, Synopsys, Edgescan, Onapsis, NetSPI, ERPScan, N-Stalker, Trustwave, Positive Technologies, IBM, Virtual Forge, SiteLock
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Workforce Management Applications Software Market Research Report 2024

What is Global Workforce Management Applications Software Market?

The Global Workforce Management Applications Software Market is a vast and dynamic field that encompasses a wide range of software applications designed to manage and optimize the productivity of a company's workforce. These applications are used by businesses worldwide to streamline their operations, improve efficiency, and reduce costs. They include features such as time and attendance tracking, labor scheduling, absence management, and employee self-service portals. The market for these applications is growing rapidly, driven by factors such as the increasing need for workforce optimization, the rise of remote work, and the growing complexity of labor laws and regulations. As businesses continue to evolve and adapt to changing market conditions, the demand for advanced workforce management solutions is expected to increase, further fueling the growth of this market.

Workforce Management Applications Software Market

Cloud-Based, On-Premises in the Global Workforce Management Applications Software Market:

The Global Workforce Management Applications Software Market is divided into two main segments: Cloud-Based and On-Premises. Cloud-Based solutions are hosted on the provider's servers and accessed through the internet, while On-Premises solutions are installed and run on the user's own servers. Each type has its own advantages and disadvantages. Cloud-Based solutions are generally more flexible and scalable, with lower upfront costs and faster implementation times. They also offer the benefit of automatic updates and patches, ensuring that users always have access to the latest features and security enhancements. On the other hand, On-Premises solutions offer greater control and customization options, as well as potentially higher levels of security and compliance. The choice between the two depends on a variety of factors, including the size and nature of the business, its specific needs and requirements, and its budget and resources.

Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users) in the Global Workforce Management Applications Software Market:

The Global Workforce Management Applications Software Market caters to businesses of all sizes, from small enterprises with just a few employees to large corporations with thousands of workers. For large enterprises (1000+ users), these applications can help to manage complex and diverse workforces, with features such as advanced scheduling and forecasting, comprehensive reporting and analytics, and integration with other enterprise systems. For medium-sized enterprises (499-1000 users), they can provide a balance of functionality and simplicity, with tools for managing time and attendance, tracking absences, and automating routine tasks. For small enterprises (1-499 users), they can offer basic workforce management capabilities at an affordable price, with user-friendly interfaces and easy-to-use features. Regardless of the size of the business, these applications can deliver significant benefits, including improved productivity, reduced labor costs, and enhanced employee satisfaction.

Global Workforce Management Applications Software Market Outlook:

The Global Workforce Management Applications Software Market has shown significant growth in recent years. In 2023, the market was valued at US$ 2854.5 million and it is projected to reach US$ 3625 million by 2030, growing at a compound annual growth rate (CAGR) of 3.4% during the forecast period from 2024 to 2030. The market is dominated by the top three manufacturers, who collectively hold a market share of over 45%. North America is the largest production area, accounting for about 55% of the total market, followed by Europe and Asia, each with a market share of over 30%. In terms of product type, On-Premises solutions represent the largest segment, with a market share of over 50%. These figures reflect the increasing demand for workforce management solutions across various industries and regions, as businesses seek to optimize their operations and enhance their competitiveness in the global market.


Report Metric Details
Report Name Workforce Management Applications Software Market
Accounted market size in 2023 US$ 2854.5 million
Forecasted market size in 2030 US$ 3625 million
CAGR 3.4%
Base Year 2023
Forecasted years 2024 - 2030
Segment by Type
  • Cloud-Based
  • On-Premises
Segment by Application
  • Large Enterprises(1000+ Users)
  • Medium-Sized Enterprise(499-1000 Users)
  • Small Enterprises(1-499 Users)
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Calabrio, Verint Systems, ZOOM International, Aspect, Injixo, NICE, Teleopti, Genesys, Avaya (Verint), OpenText, Five9, 8x8, Verint Monet, CSI, Envision, Altitude, West, DVSAnalytics, VoiceCyber
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Social Analytics Applications Market Research Report 2024

What is Global Social Analytics Applications Market?

The Global Social Analytics Applications Market is a dynamic and rapidly evolving sector that focuses on the analysis of social media data. This market is driven by the increasing need for businesses to understand consumer behavior, preferences, and trends in real-time. Social analytics applications are tools that collect, monitor, analyze, and interpret data generated from social media platforms. These applications help businesses to gain insights into customer sentiment, brand perception, and market trends, enabling them to make informed decisions and strategies. They also help in identifying potential opportunities and threats, thereby providing a competitive edge to businesses. The global social analytics applications market is not just about numbers, but it's about understanding the human behavior behind those numbers. It's about understanding the 'why' behind the 'what'. It's about making sense of the vast amount of unstructured data generated on social media platforms and turning it into actionable insights.

Social Analytics Applications Market

Cloud-Based, On-Premises in the Global Social Analytics Applications Market:

The Global Social Analytics Applications Market is segmented into Cloud-Based and On-Premises based solutions. Cloud-Based solutions are hosted on the vendor's server and can be accessed through the internet. These solutions offer several benefits such as scalability, flexibility, cost-effectiveness, and easy accessibility. On the other hand, On-Premises solutions are installed and run on computers on the premises of the person or organization using the software. These solutions offer benefits such as data security, customization, and control over the system. Both these solutions have their own advantages and disadvantages, and the choice between the two depends on the specific needs and resources of the business. The global social analytics applications market is not just about choosing the right solution, but it's about choosing the right solution that fits the business needs and resources. It's about making the right choice that can help the business to gain a competitive edge in the market.

Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users) in the Global Social Analytics Applications Market:

The Global Social Analytics Applications Market is widely used by Large Enterprises (1000+ Users), Medium-Sized Enterprises (499-1000 Users), and Small Enterprises (1-499 Users). Large enterprises use social analytics applications to monitor and analyze the vast amount of data generated on social media platforms. These applications help them to gain insights into customer sentiment, brand perception, and market trends, enabling them to make informed decisions and strategies. Medium-sized enterprises use these applications to understand their target audience, monitor their online presence, and improve their customer service. Small enterprises use these applications to gain a competitive edge in the market, improve their online presence, and engage with their customers. The global social analytics applications market is not just about using the right tool, but it's about using the right tool that can help the business to achieve its goals. It's about using the tool that can help the business to grow and succeed.

Global Social Analytics Applications Market Outlook:

The Global Social Analytics Applications Market outlook focuses on solutions that derive at least 60% of their revenue from software versus solutions that are mainly based on consulting services. The market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030. This growth is driven by the increasing need for businesses to understand consumer behavior, preferences, and trends in real-time. The market is also driven by the increasing use of social media platforms and the vast amount of unstructured data generated on these platforms. The global social analytics applications market is not just about growth, but it's about sustainable growth. It's about growth that is driven by the need to understand and engage with the customers. It's about growth that is driven by the need to gain a competitive edge in the market.


Report Metric Details
Report Name Social Analytics Applications Market
CAGR 60
Segment by Type
  • Cloud-Based
  • On-Premises
Segment by Application
  • Large Enterprises(1000+ Users)
  • Medium-Sized Enterprise(499-1000 Users)
  • Small Enterprises(1-499 Users)
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Hootsuite, Cision, Mention, Socialbakers, Sprinklr, Khoros, Clarabridge, Synthesio, Adobe, Salesforce, Microsoft, NetBase, Oracle, Brandwatch
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Performance Management & Appraisal Software Market Research Report 2024

What is Global Performance Management & Appraisal Software Market?

The Global Performance Management & Appraisal Software Market is a rapidly growing sector that focuses on the development and distribution of software designed to enhance the performance management and appraisal processes within businesses. This software is designed to streamline and automate the process of managing and evaluating employee performance, making it easier for businesses to track progress, set goals, and provide feedback. The market is driven by the increasing need for businesses to improve efficiency, reduce bias in performance evaluations, and foster a culture of continuous improvement. The software offers features such as goal setting and tracking, performance reviews, 360-degree feedback, and succession planning, among others. The market is also influenced by technological advancements and the increasing adoption of cloud-based solutions.

Performance Management & Appraisal Software Market

Cloud-Based, On-Premises in the Global Performance Management & Appraisal Software Market:

The Global Performance Management & Appraisal Software Market is segmented into cloud-based and on-premises solutions. Cloud-based solutions are hosted on the vendor's servers and accessed through the internet, offering benefits such as cost-effectiveness, scalability, and accessibility from any location. On the other hand, on-premises solutions are installed and run on the user's servers, offering greater control over data and customization. The choice between the two depends on the specific needs and resources of the business. The market is seeing a growing preference for cloud-based solutions due to their flexibility and the increasing trend of remote work. However, on-premises solutions continue to be relevant for businesses with specific security or compliance requirements.

Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users) in the Global Performance Management & Appraisal Software Market:

The Global Performance Management & Appraisal Software Market caters to businesses of all sizes, from small enterprises with 1-499 users, medium-sized enterprises with 499-1000 users, to large enterprises with 1000+ users. Small enterprises often use this software to streamline their performance management processes and foster a culture of continuous improvement. Medium-sized enterprises may use it to manage a larger workforce and align individual performance with organizational goals. Large enterprises may use it to manage performance across multiple departments or locations, integrate it with other HR systems, and leverage advanced features such as predictive analytics. The software can be customized to suit the specific needs of the business, regardless of its size.

Global Performance Management & Appraisal Software Market Outlook:

In 2023, the Global Performance Management & Appraisal Software Market was valued at US$ 2243 million. It is projected to reach a value of US$ 6792.4 million by 2030, indicating a significant growth in the market. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period from 2024 to 2030. This substantial growth can be attributed to the increasing recognition of the importance of effective performance management and appraisal processes in businesses. The adoption of this software is expected to increase as more businesses seek to improve efficiency, reduce bias, and foster a culture of continuous improvement.


Report Metric Details
Report Name Performance Management & Appraisal Software Market
Accounted market size in 2023 US$ 2243 million
Forecasted market size in 2030 US$ 6792.4 million
CAGR 17.4%
Base Year 2023
Forecasted years 2024 - 2030
Segment by Type
  • Cloud-Based
  • On-Premises
Segment by Application
  • Large Enterprises(1000+ Users)
  • Medium-Sized Enterprise(499-1000 Users)
  • Small Enterprises(1-499 Users)
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company BambooHR, Culture Amp, Gtmhub, CakeHR, Engagedly, SalesScreen, Impraise, PeopleGoal, Mettl 360View, Bonusly, Motivosity, Qualtrics, UltiPro, WebHR, Namely, ClearCompany, Performance Pro, Zoho People, Spidergap, Threads Culture, OrangeHRM
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Managed SD-WAN Service Market Research Report 2024

What is Global Managed SD-WAN Service Market?

The Global Managed SD-WAN Service Market is a rapidly growing sector in the world of technology and communications. It refers to the use of software-defined networking (SDN) in a wide area network (WAN). In simpler terms, it's a way to manage and operate a network over a large geographical area using software. This service is managed, meaning it's overseen by a service provider, freeing up businesses from the need to manage it themselves. The global market for this service is vast and varied, with numerous companies offering their own unique solutions. This market is driven by the increasing need for businesses to have reliable, high-speed internet connections across multiple locations. The use of SD-WAN allows for greater network flexibility and efficiency, making it an attractive option for businesses of all sizes.

Managed SD-WAN Service Market

Cloud-Based, On-Premises in the Global Managed SD-WAN Service Market:

The Global Managed SD-WAN Service Market can be divided into two main categories: cloud-based and on-premises. Cloud-based services are hosted on the service provider's servers and accessed via the internet. This option offers a high level of flexibility and scalability, as businesses can easily adjust their service level as their needs change. On the other hand, on-premises services are hosted on the business's own servers. This option offers a higher level of control and security, as the business has direct control over the hardware and software. However, it also requires a larger upfront investment and ongoing maintenance. Both options have their own advantages and disadvantages, and the best choice will depend on the specific needs and circumstances of each business.

Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users) in the Global Managed SD-WAN Service Market:

The Global Managed SD-WAN Service Market is used by businesses of all sizes, from small enterprises with just a few users to large enterprises with thousands of users. For large enterprises, the use of SD-WAN can greatly improve network efficiency and reliability, as it allows for the easy management of network traffic across multiple locations. Medium-sized enterprises can also benefit from the flexibility and scalability offered by SD-WAN, as it allows them to easily adjust their network capacity as their business grows. Small enterprises, on the other hand, may find that the cost of SD-WAN services is prohibitive. However, as the market continues to grow and evolve, it's likely that more affordable solutions will become available.

Global Managed SD-WAN Service Market Outlook:

Looking at the market outlook for the Global Managed SD-WAN Service Market, it's clear that this is a sector on the rise. In 2023, the market was valued at a substantial US$ 30950 million. Fast forward to 2030, and it's expected to more than double, reaching an impressive US$ 68520 million. This represents a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for reliable, high-speed internet connections across multiple locations, as well as the growing recognition of the benefits of SD-WAN for businesses of all sizes.


Report Metric Details
Report Name Managed SD-WAN Service Market
Accounted market size in 2023 US$ 30950 million
Forecasted market size in 2030 US$ 68520 million
CAGR 11.8%
Base Year 2023
Forecasted years 2024 - 2030
Segment by Type
  • Cloud-Based
  • On-Premises
Segment by Application
  • Large Enterprises(1000+ Users)
  • Medium-Sized Enterprise(499-1000 Users)
  • Small Enterprises(1-499 Users)
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Cato Networks, Multapplied Networks, AT&T, CenturyLink, Aryaka, Wipro
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends
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Global Advertising Creative Planning Market Research Report 2025

What is Global Advertising Creative Planning Market? The Global Advertising Creative Planning Market is a dynamic and evolving sector that ...