Technavio market research analysts predict a positive growth for many segments of the enterprise application industry in the next five years. In their recent studies, Technavio talks about three booming markets under the enterprise application industry that are predicted to generate substantial revenues and grow at a steady rate during the forecast period.
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Global Property Management Software Market 2017-2021
The vendors in the global property management software market are integrating augmented reality (AR) in property management solutions to attract more consumers and increase their profitability. Some of the systems available in the market will allow the end-users to go to the physical world and collect virtual objects, to scan any text and translate it instantly without the need to do anything. The manufacturers in the market are also developing brands that interact with customers to increase consumer participation and encourage interactive AR image, video or animated marketing. Integration of AR will allow real estate agencies to show a potential buyer around a property directly from the agency’s office, allowing viewing in an instant and dramatically enhancing the viewing process. Such technological advancements will fuel the growth in this market segment. Request a sample report.
Global System Integration Services Market 2017-2021
The rising adoption of cloud-based integration solutions will help the global system integration services market generate revenue of around USD 338 billion in 2016 and reach almost USD 497 billion by 2021. The integration of cloud services will increase the availability of faster connectivity features to run multiple applications and assimilate back office systems without installing physical IT infrastructure. The use of this software solution ensures quick data retrieval and provides transparency in data management systems with the help of data visualization tools. These systems are designed for easier, flexible, and scalable interface that enhances the agility of business processes.
Technavio’s market research analysts have divided the market into the Americas, APAC, and EMEA as per geography. The Americas dominated the market and accounted for close to 48% of the total market share in 2016. The rising demand for heterogeneous systems and integration of new solutions helped the Americas gain its market position during 2016. Request a sample report.
Global Network Camera Market 2017-2021
The global network camera market is primarily driven by the emergence of IoT in video surveillance generating revenues of around USD 22 billion in 2015 and is estimated to reach over USD 61 billion by 2020. The integration of IoT with network cameras will enable data transmission between smart devices, such as thermostats and sensors, that will be connected to the mobile device of an end-user. The interconnection of embedded software, hardware devices, communication services, and IT-related services will help in the effective remote monitoring and management of interconnected devices. These systems will also enable wireless video surveillance to capture videos through cameras and transmit them over a wireless network to other devices, such as sensors, for immediate response.
The leading vendors in the market are competing to provide the best products to the end-users with an option to choose from various security solutions. Recently, Tyco International introduced a new IIlustra Pro 2MP micro camera series that delivers 1080p video at 30 frames per second. These initiatives will boost the demand for network cameras in the global market. Request a sample report.
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