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7 reasons why Australian small business owners prefer an unsecured business loan

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Having a steady cash flow to manage operations expenses and grow business is one of the top priorities for small business owners. While large businesses have access to funding from banks, small business owners do not get access to funding so easily. Amongst the various loan options available to small businesses, most business owners prefer an unsecured business loan over the other types. In this article, we will discuss why small business owners in Australia prefer unsecured business loans australia over other types of funding. 

So here are the 7 reasons why unsecured business loans are preferred:

⦁ Fast access to funding

One of the most critical things for small business owners is agility. Hence, when they are looking for expanding their business, or buying some additional stock or hiring new staff for a season, they need quick access to funds. Unsecured business loans can be availed by small business owners on the same day or within a couple of days. Hence most business owners prefer unsecured loans to other options. 

Borrow any amount you need

Unlike bank loans, unsecured loans are available from $5,000 to $500,000 depending on your time in business, turnover, and credit score. Hence, even if you are looking for some quick cash for meeting an urgent requirement, you can avail an unsecured business loan. 

No collateral or security needed

This is probably one of the main reasons why business owners prefer unsecured loans. While most banks or other loan options would require you to pledge an asset or collateral as guarantee against the loan, unsecured business loans, as the name suggests do not need you to do that. The loan is available to you purely on the merit of your business. The risk associated with losing a personal property or collateral is not there in this case. 

Flexible repayment terms

Most unsecured business loans come with flexible repayment terms. So, as a business owner, you can choose to pay weekly, fortnightly, or even monthly based on the terms you negotiate with the lender. The terms are usually decided at the time of finalizing the loan in discussion with you. 

Easy paperwork and documentation

Unlike bank loans where you need to submit a lot of paperwork to get your business loan processed, unsecured business loans require very minimal documentation. Most lenders will ask for a 6-month bank statement, a copy of your driving license and a few other documents to sanction your business loan. This agility and speed in securing the funds is what makes this a preferred loan option by most business owners. 

Multiple Lender Options

When you opt for an unsecured business loan, you have the option to choose from multiple lending partners. A business loan intermediary like Capital Boost can help you choose the right lender suited to your business need. Since each lender has a criteria on who they can lend to and how much they can lend, an intermediary can help you identify the lending partner suited to you needs. 

Credit Score

Last but definitely not the least, a credit score is an important factor that decides if you are eligible for a loan. In case you have a poor credit history or have had some defaults in the past, not all is lost. There are a few lenders available in the market who have a bigger appetite for risk, and they might be willing to offer you an unsecured business loan. The interest rates might be on the higher side, but you will have access to funding if you can establish how you intend to repay the loan amount. 

It is often challenging for small business owners in Australia to secure the financial aid they need for growth. And if the business is relatively new or has a lower turnover, then it becomes even more challenging to avail funds from traditional banks. Unsecured business loans often come as a huge relief when there is a pressing need for cash to meet operational expenses or working capital needs. However, it is not often easy to understand which lender or offer is right for your business. This is where a business loan intermediary comes in to help you make the right decision. 

At Capital Boost, we have helped a lot of a small businesses in Australia secure the right funding they need for their business in the past 5 years and continue to do so. Our understanding of lender criteria along with our understanding of your business helps us place your application with the right lender and secure the right funding needed for your business. 

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Student Information System Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

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With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global student information system market is expected to grow from USD 5.0 billion in 2018 to USD 9.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. The student information system market is driven by various factors, such as the rising focus of educational institutions to improve education quality and customer satisfaction, widespread government initiatives, and technological advancements. However, lack of awareness among the educational organizations can hinder the growth of the market.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Student Information System Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

Training and consulting services segment is expected to hold the highest market share during the forecast period
Stakeholders across the education are still unaware of the benefits and advantages of a robust student information system. Student information system not only helps the educational institution but also provide the world-class experience to its student. Student information system vendors provide training and consulting services to faculty and staff members of educational institutions so that they can have a better understanding of the entire solution. These services also help the vendors to differentiate their offering from other vendors. As the demand for the student information system is increasing the demand for associated services are also increasing.

Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for student information system solution and services. Growing economies in countries, such as China, Japan, Australia, New Zealand, and India provide huge opportunities for the adoption of the student information system solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the student information system marketplace.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Student Information System Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

• By company type: Tier 1 – 40%, Tier 2 – 46%, and Tier 3 – 14%
• By designation: C-level – 42%, D-level – 35%, and Others – 23%
• By region: North America – 35%, Europe – 27%, APAC – 23%, MEA – 10%, and Latin America – 5%

Research coverage
The market study covers the student information system market size across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as, component (solutions and services), deployment type, user type, and regions. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report will help the market leaders or new entrants in this market with information on the closest approximations of the revenue numbers for the overall student information system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 14
1.3.1 MARKET SEGMENTATION 15
1.3.2 REGIONS COVERED 15
1.4 YEARS CONSIDERED FOR THE STUDY 16
1.5 CURRENCY CONSIDERED 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Breakup of primary profiles 19
2.2 MARKET BREAKUP AND DATA TRIANGULATION 20
2.3 COMPETITIVE LEADERSHIP MAPPING RESEARCH METHODOLOGY 21
2.4 MARKET SIZE ESTIMATION 22
2.4.1 TOP-DOWN APPROACH 22
2.4.2 BOTTOM-UP APPROACH 23
2.5 MARKET FORECAST 23
2.6 ASSUMPTIONS FOR THE STUDY 24
2.7 LIMITATIONS OF THE STUDY 24

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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5G IoT Market Insights by Leading Companies Future Growth, Demand Forecast to 2025

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With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

5G services market Latency in computer network refers to the time a data packet takes to travel. Lower latency leads to a higher data transmission rate. The ultra-low latency of 5G is almost 50 times lower than the current 4G network. The 5G technology is expected to provide a latency of 1 millisecond, whereas, in 4G, the latency rate is 50 milliseconds. Because of this, 5G services would be high in demand for industrial applications and connected IoT ecosystems, as these applications and connections need faster and reliable network services.

The short range IoT devices segment is estimated to show the highest market share in 2020 and expected to witness strong growth characteristics in the coming years. With emerging new application areas, short-range IoT devices need another type of connectivity solution that can fulfill the growing need for data speed. For instance, in-building connectivity devices in manufacturing, healthcare, energy and utilities, and retail sectors demand low latency and high power, which are fulfilled by the 5G network.

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The Final Report will cover the impact analysis of COVID-19 on this industry: 5G IoT Market Insights by Leading Companies Future Growth, Demand Forecast to 2025

The overall adoption of 5G NR standalone architecture is expected to increase during the forecast period, owing to a wide range of functionalities and core features that the architecture provides. The 5G NR standalone solutions have various new built-in capabilities such as network slicing, ultra-low latency, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization.

Among regions, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period
The large population in APAC has created an extensive pool of mobile subscribers for telecom companies. The region is the largest contributor to the total number of mobile subscribers across the globe and would add more subscribers to its network in the coming years. It is a diversified region that houses a wide range of countries moving toward digital transformation. It is set to dominate the 5G market, due to its size, diversity, and the logical lead taken by countries, including South Korea, China, and Japan.

South Korea, China, and Japan are the prime APAC countries that have started several 5G-related activities. Asian telecom service providers, vendors, and government firms are determined to take the lead in 5G research and deployment.

Get a PDF Sample for more detailed market insights: https://www.sdki.jp/sample-request-106637
The Final Report will cover the impact analysis of COVID-19 on this industry: 5G IoT Market Insights by Leading Companies Future Growth, Demand Forecast to 2025

The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
• By Designation: C-Level – 65% and Director Level – 35%
• By Region: North America – 30%, Europe – 35%, APAC – 25%, and RoW – 10%

Research Coverage
The 5G IoT market has been segmented based on radio technology, range, verticals, and regions. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the global 5G IoT market.

Reasons to Buy the Report
The report would help the market leaders/new entrants in the following ways:
• It comprehensively segments the 5G IoT market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across regions.
• It would help stakeholders understand the pulse of the market and provide information about the key market drivers, restraints, challenges, and opportunities.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 MARKET SEGMENTATION 13
1.4 YEARS CONSIDERED FOR THE STUDY 13
1.5 CURRENCY CONSIDERED 14
1.6 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 BREAKUP OF PRIMARY PROFILES 16
2.1.2 KEY INDUSTRY INSIGHTS 17

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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Network Security Firewall Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

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With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

“The network security firewall market is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period, owing to growing network security and privacy concerns, increase in SS7 vulnerabilities, and advancement of digital transformation in telecommunication industry.”

The global network security firewall market size is expected to grow from USD 3.0 billion in 2018 to USD 5.3 billion by 2023, at a CAGR of 12.2% during the forecast period. Due to the growing momentum of interconnected devices, the risk of security breach increased as the fraudsters found alternatives such as SMS SPAMs and SMS fraud through grey routes to exploit personal information over the organization’s network. Real-time streaming analysis and filtering of SS7 vulnerabilities have been major components of network security firewall and firewall developers are using fraud detection techniques to monitor the traffic behavior of the network. Telecom organizations use network security firewall tools to dynamically extract traffic patterns from the packets transmitted as well as received at the network and continuously check network behavior against malicious contents, and to report all detected anomalies.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Network Security Firewall Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

“The signaling firewall segment to grow at the highest CAGR during the forecast period”
Based on the network vulnerabilities, signaling firewall is further segmented into SS7, diameter firewall, and others. SS7 firewall helps telecom service providers to detect and protect against the SS7 vulnerabilities, such as user location tracking, fraud, denial of service (DoS), or even call interception. Diameter firewall helps mobile network operators to prevent their LTE network against malicious attacks and illicit messages. This firewall monitor and filters the IP packets received over the LTE networks from other LTE or GSM networks and protect the operators against the anomalous data packets received from the unauthorized networks. The growth in the signaling firewall solutions is attributed to a significant increase in the number of diameter attacks in the telecom industry.

“Services segment to register the highest CAGR in the network security firewall market during the forecast period”
Deployment and integration, consulting, and support and maintenance services play a vital role in the telecom ecosystem. Services are considered a key component of the network security firewall market, as they focus on the protection of telecom networks from fraudulent attacks and are instrumental in fulfilling the custom requirements of clients. Based on services, the network security firewall market is split into professional and managed services. Professional services offer tailored solutions to meet the telecom operators’ networking needs, such as network architecture, on-premises, and cloud migration solutions. These services include deployment and integration, support and training, and business consulting. The managed services help CSPs to improve their network availability by protecting their network against unauthorized access to business resources.

Get a PDF Sample for more detailed market insights: https://www.sdki.jp/sample-request-106642
The Final Report will cover the impact analysis of COVID-19 on this industry: Network Security Firewall Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

“North America to hold the largest market size, and MEA to grow at a significant rate during the forecast period”
North America is expected to hold the largest market size in the network security firewall market during the forecast period, owing to the new look US telecom regulatory body Federal Communications Commission (FCC). They are less stringent as compared to old administration, by rolling back several stringent regulations of the previous regime. They benefited most of the telecom operators to choose and implement new services and solution. According to NASDAQ, the 4G LTE wireless penetration is currently 83% in North America, this can primarily be attributed to most carrier’s intention to upgrade to 5G wireless network standard which requires massive investment.

The MEA market is expected to witness significant growth in the network security firewall, as telecom operators are implementing firewall solution across their network. The adoption of mobile phones and smartphones is on the rise in the region and has provided mobile network operators a broad subscriber base in MEA. The region is one of the leading markets for messaging solutions and the telecommunications sector due to network upgradations, which are driving investments in the region. According to FireEye Dynamic Threat Intelligence (DTI) report, organizations in the UAE, Saudi Arabia, and Qatar were attacked by various kinds of network threat, frauds, and SMS spoofs.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5%

Research Coverage:
The report includes an in-depth competitive analysis of the key players in the network security firewall market along with their company profiles, recent developments, and key market strategies. The report segments the network security firewall market by component (solution and service), deployment, and region.

Key Benefits of Buying the Report:
The network security firewall market has been segmented on the basis of component (solution and service), deployment, type, and region.

The report will help market leaders/new entrants in the network security firewall market in the following ways:
1. The overall network security firewall market revenue stream has been estimated based on the revenues generated by vendors, offering firewall solutions and services inclusive of deployment and integration, support and maintenance, and consulting services, offered by professional service providers, including Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split into regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders to understand competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.3.2 REGIONS COVERED 19
1.4 YEARS CONSIDERED FOR THE STUDY 20
1.5 CURRENCY CONSIDERED 20
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.2 PRIMARY DATA 23
2.1.2.1 Breakup of primaries 24
2.1.2.2 Key industry insights 24
2.2 MARKET BREAKUP AND DATA TRIANGULATION 25
2.3 MARKET SIZE ESTIMATION 26
2.3.1 BOTTOM-UP APPROACH 26
2.3.2 TOP-DOWN APPROACH 27
2.4 MARKET FORECAST 27

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/

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Procurement Analytics Insights by Leading Companies Future Growth, Demand Forecast to 2023

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With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The global procurement analytics market size is expected to grow from USD 1.6 billion in 2018 to USD 4.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period. Growth factors for the market include organizations’ increasing focus on enhancing the operational efficiencies of their procurement channels and their imminent need to handle compliance polices and contracts. However, lack of analytical expertise and employees’ reluctance to adopt advanced analytical technologies may affect the market growth.

The procurement analytics market by service includes professional and managed services. Further, professional services have been classified into consulting, training and education, integration and deployment and support and maintenance services. These services help clients understand their procurement related processes effectively. The solution segment is expected to hold a larger market size during the forecast period. The procurement analytics solutions are being deployed by many Small and Medium-sized Enterprises (SMEs) for supplier and market intelligence, and to keep company expenditures to a minimum without affecting operations.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Procurement Analytics Insights by Leading Companies Future Growth, Demand Forecast to 2023

The SMEs segment is expected to grow at a higher CAGR, owing to the increasing adoption of pay-as-you-go model to manage IT infrastructure as per their requirements. SMEs are concerned about the expenditures of deploying on-premises procurement analytics solutions and contracting skilled staff, and IT teams for their maintenance and hence are leaning towards cloud-based analytical solutions for improving their profit margins and efficiencies. Though SMEs are small in terms of their size, they cater to a large number of customers globally.

Limited budgets make the SMEs more susceptible to revenue losses due to high spending, irregular procurement channels, and improper supply chain management. However, organizations’ struggle to sustain their position in the competitive environment and their increasing focus on enhancing procurement channels’ operational efficiencies will drive the demand for procurement analytics solutions among SMEs. These solutions not only enhance the procurement channels of SMEs but also enable them to make strategic decisions regarding their inventory, spend, and supply chain and to comply with regulations by ensuring customer data protection as well as organization data protection from data thefts.

APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the procurement analytics solution. APAC is expected to grow at the highest CAGR during the forecast period. The APAC procurement analytics market is gaining traction, as the region is witnessing an increasing demand for cloud-driven analytical solutions, resulting in higher investments and technological advancements in various industry verticals. SMEs as well as large organizations in the APAC region have become more aware of procurement analytics solutions and services and started adopting them to enhance their supply chain, organization spend, reporting and other procurement processes. Furthermore, North America is estimated to hold the largest market size in 2018 owing to the presence of a large number of vendors and initial adoption of procurement analytics solutions and services due to stringent laws and policies for safeguarding data in the procurement channels and to thrive in the market by increasing productivity.

Get a PDF Sample for more detailed market insights: https://www.sdki.jp/sample-request-106648
The Final Report will cover the impact analysis of COVID-19 on this industry: Procurement Analytics Insights by Leading Companies Future Growth, Demand Forecast to 2023

In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the procurement analytics market.

  • By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
  • By Designation: C-Level: 35%, Director Level: 25%, and Others: 40%
  • By Region: North America: 45%, Europe: 20%, APAC: 30%, and RoW: 5%

Research Coverage:
The report covers the procurement analytics solutions and services across segments. It aims at estimating the market size and growth potential of the market across segments, such as components, application areas, organization size, deployment type, verticals, and regions. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report would help the market leaders/new entrants in the market with information about the closest approximations of the revenue numbers for the overall procurement analytics market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information about key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKET SEGMENTATION 18
1.3.2 REGIONS COVERED 18
1.4 YEARS CONSIDERED FOR THE STUDY 19
1.5 CURRENCY CONSIDERED 19
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Breakup of primaries 23
2.1.2.2 Key industry insights 23
2.2 MARKET BREAKUP AND DATA TRIANGULATION 24

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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Digital Transformation Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

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With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The digital transformation market is projected to grow from USD 290.0 billion in 2018 to USD 665.0 billion by 2023, at a CAGR of 18.1% from 2018 to 2023. Digitalizing organizational business functions to serve changing customer preferences and enhance operational efficiency, the rapid proliferation of mobile devices and apps, increasing penetration of IoT and adoption of cloud services, and the need to improve operational performance to gain competitive benefits in the market are projected to drive the growth of the market across the globe. However, security and privacy concerns for confidential data is expected to restrict the growth of the market across the globe.

The technology segment is projected to lead the digital transformation market during the forecast period. The emergence of AI has transformed how data is collected and analyzed. The technology builds data models automatically in digital forms. AI also collects data from multiple sources and uses the information as a knowledge store, which can help business in several ways, such as identify and analyze buying patterns and trends or predict needs of consumers to boost customer experience.

Get a PDF Sample for more detailed market insights: https://www.sdki.jp/sample-request-106655
The Final Report will cover the impact analysis of COVID-19 on this industry: Digital Transformation Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

The cloud segment is expected to lead the digital transformation market in 2018. The deployment of digital transformation solutions on the cloud enables users to access solutions from their desktops or any mobile devices. Key advantages of this deployment type include easy deployment, low deployment cost, and easy upgradeability and accessibility. Furthermore, it helps reduce IT budgets and financial risks, while increasing flexibility. Therefore, small organizations and individual users generally prefer cloud digital transformation solutions.

Retail is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. Some of the factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations, which, in turn, lead to the retention of existing customers and new customer acquisitions. Presently, retailers use the web, e-commerce, and various applications to retain and attract their customers digitally. Digital transformation requires seamless integration of customer services, merchandising, pricing, inventory, and supply chain processes to enable shoppers to save time and maximize convenience.

The APAC digital transformation market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the high rate of adoption of digital technologies, especially in economies such as Australia, India, China, Japan, and Singapore. Digital transformation solutions are being adopted by companies to improve and streamline business processes and facilitate informed business decision-making. Companies across verticals are taking initiatives to upsurge their IT infrastructure, thus leading to the adoption of cutting-edge technologies by these companies as well as their customers. The rising number of mobile device users, increasing the use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in the region.

Get a PDF Sample for more detailed market insights: https://www.sdki.jp/sample-request-106655
The Final Report will cover the impact analysis of COVID-19 on this industry: Digital Transformation Market Insights by Leading Companies Future Growth, Demand Forecast to 2023

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the digital transformation market.
• By Company Type: Tier 1 – 52%, Tier 2 – 31%, and Tier 3 – 17%
• By Designation: C-level – 36%, Directors – 24%, and Others – 40%
• By Region: North America – 30%, Europe – 24%, Asia Pacific – 36%, MEA – 5%, and Latin America– 5%

Research coverage
The market study covers the digital transformation market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on by technology, business function, deployment type, vertical, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall digital transformation market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.4 YEARS CONSIDERED FOR THE STUDY 18
1.5 CURRENCY 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Breakdown of primaries 21
2.1.2.2 Key industry insights 21
2.2 MARKET SIZE ESTIMATION 23
2.2.1 TOP-DOWN APPROACH 24
2.2.2 BOTTOM-UP APPROACH 24
2.3 MARKET FORECAST 25
2.4 RESEARCH ASSUMPTIONS 26
2.5 LIMITATIONS 26

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
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