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Exam Code: 1Z0-1012 Practice exam 2022 by team
1Z0-1012 Oracle Time and Labor Cloud 2018 Implementation Essentials

Exam Title : Oracle Time and Labor Cloud 2018 Implementation Essentials
Exam ID : 1Z0-1012
Exam Duration : 120 minutes
Questions in exam : 71
Passing Score : 64%
Format : Multiple Choice Questions (MCQ)
Exam Center : Pearson VUE
Real Questions : Oracle Time and Labor Cloud 2018 Certified Implementation Specialist (OCS)
Recommended Practice : 1Z0-1012 Online VCE Practice Test

Overview - Describe primary Time and Labor business processes
- Configure general system settings
- Describe how workers and managers use workforce scheduling to plan and manage leave time, shifts, and schedules Time Attributes - Design a collection of properties that enables different user groups to report time against different time attribute values
- (NEW FOR 18B) Explain Compensatory Time Time Categories, Layout Sets, Time Consumer Sets, and Groups - Build a collection of time entry layouts for entering, reviewing, and approving time
- Create groupings of time attributes as categories, and use them to group time entries for summarizing, validating, and transferring time; and for processing time rules
- Build time consumer sets that specify approval periods, validation rules, and time transfer rules for each time consumer
- Set up group definitions that are used by Time and Labor
- Configure mass time card creation and mass time entry Time Processing and Time Entry Profiles - Configure worker time processing profiles that associate rule sets, a time consumer set, and time card periods to report, validate, approve, and transfer time
- Build worker time entry profiles that associate a layout set and time entry actions to control access to any time entries
- (NEW for R13) Explain Time Device Setup, Time Device Processing, Time Device Rules, and Time Entry Rules
- (NEW FOR 18B) Explain Increased Time Management efficiency and Timecard search enhancements Approvals - Define approval periods for each time consumer
- Configure approval groups
- Configure time card approval tasks and rules
- Set up approval rules to override the normal approval flow of a timecard
- (NEW FOR 18B) Explain Mass submit and approve Timecards processes Repeating Time Periods - Create time period definitions that produce repeating periods for use in time card entry, approvals, time rules processing, and absence accruals Integrations with Absence Management, Payroll, and Projects - Describe the setup required to validate, approve, and transfer reported time from Time and Labor to Payroll for payment
- Describe how to manage value sets and time card fields to set up Project Time Entry
- Describe time attributes, time card fields, and time entry formats required to enable workers to report absences
- Describe how to set up time collection device integration to reduce administration and time entry errors
- (NEW FOR 18B) Configure Override Time attributes for Rate by criteria Time Rules - Configure templates that enable the reuse of a formula to define multiple rules
- Configure time entry and time calculation rules based on rule templates
- Build sets of time entry and time calculation rules that can be assigned to a group of workers using the worker time processing profile
- Describe the fast formulas to include in rules in various rule templates in Time and Labor Scheduling - Manage shift properties
- Define scheduler profiles

Oracle Time and Labor Cloud 2018 Implementation Essentials
Oracle Implementation Free PDF
Killexams : Oracle Implementation Free PDF - BingNews Search results Killexams : Oracle Implementation Free PDF - BingNews Killexams : Oracle evolves the marketing space with AI-powered Fusion Sales

Oracle is releasing the next generation of Oracle Fusion Sales, a sales automation application that identifies high-quality sales opportunities and guides sellers to close deals faster, automatically providing sellers with quotes, proposals, and recommended steps.

Part of Oracle Fusion Cloud Customer Experience (CX) and powered by artificial intelligence (AI), Fusion Sales helps increase productivity, close more deals, and instill confidence among buyers, according to the vendor.

"Traditional CRM systems were designed to be a system of record for planning and forecasting versus a tool to help sellers sell more. As a result, sellers spend countless hours on data entry and administration that stunts sales productivity," said Rob Tarkoff, executive vice president and general manager, Oracle Fusion Cloud Customer Experience (CX). "Applying 40 plus years of data and business process expertise, we have done the heavy lifting to engineer the next era of CRM. Oracle Fusion Sales removes the manual steps in the B2B sales process to help sellers close more deals faster and more efficiently."

Oracle Fusion Sales provides sellers with:

  • Step-by-Step Guided Processes: Sellers can onboard faster and Boost productivity with a guided step-by-step process to help engage with accounts, progress opportunities, and close deals faster. Customers can choose to base the processes on best practices set by leadership or customizable, industry-specific templates.
  • Conversation Ready Opportunities: Sellers can automate the process of re-qualifying and converting marketing leads into opportunities. Connected to Oracle Fusion Marketing, Fusion Sales automatically creates highly qualified leads and then passes them to sellers for follow-up.
  • Automated Quotes and Proposals: Sellers automatically receive initial quotes, proposals, and implementation schedules when opportunities are created. The quotes are automatically updated throughout the sales process as a deal progresses and are based on historical data that includes prior successful deals, a customer's industry, and other account attributes.
  • Intelligent Content Recommendations: Sellers can automatically receive marketing-approved content that is most likely to progress the sale. This saves sellers' and buyers' time at each step in the sales process and puts the right offers and answers to commonly asked questions directly in the seller's hands.
  • Digital Sales Rooms: Sellers can Boost the buying experience and better engage buyers by building personalized microsites. Helpful resources like quotes, past contracts, reference stories, and details for past or upcoming Zoom meetings are aggregated to help move buyers closer to a purchasing decision. As buyers use Digital Sales Rooms, sales operations can capture buying signals and other customer engagement data that can inform sales insights, internal training and enablement, and drive future deal success.
  • Advanced Revenue Intelligence: Sales leaders can easily access and report on business trends, spot outliers, and monitor customer sentiment and sales performance with Oracle Fusion CX Analytics. Fusion Sales provides a complete view across the business being able to pull in data from sales, marketing, service, finance, and HR all without support from IT.

For more information about this news, visit

Wed, 27 Jul 2022 04:00:00 -0500 en text/html
Killexams : Marketing Resource Management Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2026
Marketing Resource Management Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2026

“Oracle (US), SAP (Germany), SAS (US), Adobe (US), Aprimo (US), Brandmaker (US), Allocadia (Canada), HCL Technologies (India), Wedia (France), Welcome(US), Infor (US), inMotionNow (US), Seismic (US), Sitecore (US), Contentserv (Switzerland), IBM (US), Smartsheet (US).”

Marketing Resource Management Market by Component (Solutions and Services), Deployment Type, Organization Size, Industry Vertical (Consumer Goods and Retail, BFSI, and Manufacturing), Region – Global Forecast to 2026

The Marketing Resource Management Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.9 % during the forecast period, to reach USD 5.5 billion by 2026 from USD 3.2 billion in 2021. Increased digitalization during COVID 19, rising demand of SaaS based solutions among small enterprises to enhance marketing operations, increased focus on investing in the latest technologies to Boost marketing practices are expected to spur the demand for MRM offerings across the globe.

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Adoption of performance management solutions is noticeably increasing in among large enterprises due to increased need to enhance marketing performance

The planning and budget management solution helps establish marketing objectives and align investments with the strategies. While enabling the management of budgets, marketing spends, and vendors, the solutions also help marketers assess the impact of marketing plans and maximize RoI. Companies are increasingly investing in solutions to scale their marketing with a real-time view of the entire marketing spend. Moreover, MRM solutions enable users to plan and track financial resources and establish a structured approval process. They can prepare and manage budget requests across different levels of the marketing hierarchy, including organization, plan, brands or product line, industry, and geography. It also supports the full life cycle of marketing expenses, including tracking detailed line-item expenses and generating purchase orders and invoices so that users can track forecasted, committed, and genuine costs at any budgetary level. Users can ensure that every marketing program and a budget request is reviewed by the appropriate people. Using these solutions, users can circulate, review, and approve important marketing items, including proposed marketing plans and tactics, budget requests, and marketing content. Marketing managers can easily submit items for review, forward items for feedback, and approve or decline requests.

Growing trend of expanding business operations while working within the existing infrastructure to drive the consulting and implementation services

Consulting and implementation are professional services practice for enterprise infrastructure that involves advising customers for managing organization’s IT infrastructure and improving infrastructure performance, including security and workflow processes. They also help them implement a solution. Before implementing a required solution, business needs must be assessed and understood thoroughly to ensure hassle-free and proper deployment and integration of MRM solutions. MRM vendors offer consulting services to users that have limited awareness related to the market and how to adopt the solutions depending upon their business. The implementation service helps users to manage the implementation and site going forward and helps their team to assist via virtual meetings and handling questions, and helps to manage decisions that are best for their teams.

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The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Oracle, SAP, SAS, Adobe, Aprimo, Brandmaker, Allocadia, and Wedia have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the MRM Market.

Aprimo is consistently focusing on catering to its customers with highly competent technology-enabled and tailored solutions in the marketing resource management market to hold one of the leading positions. The company is equally focused on organic and inorganic business growth strategies to strengthen its footprint in the marketing resource management market. In terms of organic growth strategies, the company introduced a marketing calendar and life sciences solution, and many more, which has strengthened its market. In 2017, Aprimo moved its products to SaaS based systems running on the Microsoft Azure cloud computing service. In inorganic growth strategies, Aprimo chose to adopt partnerships, collaborations, and acquisitions. Aprimo partnered with Delaware, gateB, Spott, inRiver, Episerver, and KPMG LLP, for increasing its digital presence worldwide.

Brandmaker is consistently focusing on catering to its customers with highly competent technology-enabled and tailored solutions in the marketing resource management market to hold one of the leading positions. The company is equally focused on organic and inorganic business growth strategies to strengthen its footprint in the marketing resource management market. The company has primarily built its suite organically and undertaken only one acquisition since its founding in 2008. BrandMaker has many large automotive, retail, and financial service customers that use the solution to drive brand consistency across global headquarters, regional teams, local dealers, or retail locations. BrandMaker takes a very realistic approach to MRM. It understands marketers’ realities of ad-hoc, Excel-based marketing management and has built an intuitive, flexible platform in response to encourage and support more agile methodologies. With help from third-party integration platforms, BrandMaker connects with thousands of tools to fit itself into how marketers work today.

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Predictive Analytics Market by Solution (Financial Analytics, Risk Analytics, Marketing Analytics, Web & Social Media Analytics), Service, Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2026

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Wed, 27 Jul 2022 08:29:00 -0500 GetNews en-US text/html
Killexams : Recruitment Platforms Software Market is Booming Worldwide | Kronos, Oracle, PowerSchool, SumTotal Systems, Halogen Software

Advance Market Analytics published a new research publication on “Global Recruitment Platforms Software Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Recruitment Platforms Software market was mainly driven by the increasing R&D spending across the world.

Some of the key players profiled in the study are:

Oracle (United States), SAP (Germany), ADP (United States), Kronos (United States), Accenture Plc (Ireland), Ceridian HCM Inc. (United States), IBM (United States), Cognizant Technology Solutions (United States), Halogen Software Inc. (Canada), PowerSchool (PeopleAdmin) (United States) and SumTotal Systems Inc. (United States)

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Scope of the Report of Recruitment Platforms Software

Recruiting software is software that assists organizations in optimizing the hiring process, from candidate identification and attraction to resume screening and offer letter distribution. Recruiting software is frequently referred to, as an applicant tracking system, or ATS, but the two are not synonymous. Recruiting software is a broad category that includes applicant tracking systems and other tools that focus on specific stages of the hiring process. Recruiting software can help hiring companies make the hiring process faster and more efficient. This not only saves time for managers and recruiters, but also makes it easier for an organization to hire top candidates who may be considering multiple offers. Recruiting software can help candidates by streamlining the application process and opening up communication channels, both of which contribute to a positive candidate experience. Furthermore, when candidates have a positive experience with an organization’s hiring process, regardless of the outcome, they are more likely to recommend or apply again themselves.

The titled segments and sub-section of the market are illuminated below:

by Type (Software as a service (SaaS), Integration, Other), Application (IT & Telecom, BFSI, Manufacturing, Healthcare, Education, Hospitality, Media & Entertainment, Others), Company (Enterprise, Agency, Small & Medium Size), Deployment (Cloud, On-premises), Component (Consulting, Maintenance & Operations, Implementation & Integration, Others)

Growth Drivers

  • The Increasing Use of Cloud-Based Platforms, as well as Mobile-Based Recruiting Methods, has Been Driving the Market Growth.


  • The Rising Data Security and Privacy Concerns Will Hinder the Growth of the Market.


  • Due to the Increasing Use of Advanced Solutions Rather than Traditional Methods between Small and Medium-Sized Businesses Due to their Low Setup and Maintenance Costs Will is Contributing to Market Growth

What can be explored with the Recruitment Platforms Software Market Study?

  • Gain Market Understanding
  • Identify Growth Opportunities
  • Analyze and Measure the Global Recruitment Platforms Software Market by Identifying Investment across various Industry Verticals
  • Understand the Trends that will drive Future Changes in Recruitment Platforms Software
  • Understand the Competitive Scenarios
    • Track Right Markets
    • Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Latest Market Insights:

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Recruitment Platforms Software Market Report, Ask Our [email protected]

Strategic Points Covered in Table of Content of Global Recruitment Platforms Software Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Recruitment Platforms Software market

Chapter 2: Exclusive Summary – the basic information of the Recruitment Platforms Software Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Recruitment Platforms Software

Chapter 4: Presenting the Recruitment Platforms Software Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Recruitment Platforms Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Recruitment Platforms Software Market is a valuable source of guidance for individuals and companies.

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Mon, 25 Jul 2022 19:30:00 -0500 Newsmantraa en-US text/html
Killexams : Healthcare Analytics Market Know The Untapped Growth Opportunities To 2030

(MENAFN- EIN Presswire)

Healthcare Analytics Market Growth

Rise in adoption of big data in healthcare organizations for tackling various risks related to various different chronic diseases drives the market growth.

PORTLAND , PORTLAND, OR, UNITED STATE, July 28, 2022 / / -- Increase in adoption of big data in healthcare organizations, rise in government initiatives to escalate the adoption of electronic health records (EHRs) among healthcare organizations, and growing pressure in the healthcare sector to curb unnecessary expenditure fuel the growth of the global healthcare analytics market .

On the other hand, lack of skilled labors and high implementation costs restrain the growth to some extent. However, use of cloud-based analytics across various healthcare providers is anticipated to pave the way for lucrative opportunities for the key players in the industry.

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Impact of COVID-19 on Healthcare Analytics Market-

•The outbreak of the pandemic led to increase in demand for upgraded analytics solutions among healthcare organizations to support the establishments during critical situation in the pandemic. This, in turn, has driven the global healthcare analytics market.

•This trend is most likely to continue till the pandemic is completely not over.

Based on application, the financial analysis segment contributed to the largest share in 2020, holding more than two-fifths of the global healthcare analytics market. Rise in need to acclimatize in the ever-changing and unpredictable healthcare landscape drives the growth of the segment.

The clinical analysis segment, on the other hand, would grow at the fastest CAGR of 18.5% throughout the forecast period. Growing demand from patients to track their health data and share it with their respective healthcare professionals for additional remedies and advices fuels the segment growth.

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Based on component, the service segment accounted for nearly half of the global healthcare analytics market in 2020, and is projected to lead the trail by the end of 2030. Rise in demand for cloud-based healthcare analytics services during the global health crisis across the globe is expected to provide potential growth opportunities for the segment.

However, the software segment would manifest the fastest CAGR of 16.6% during the forecast period. This is because majority of health care providers choose data warehouse to maintain proper operations of their organizations.

Based on region, North America held the major share in 2020, garnering more than half of the global healthcare analytics market, due to increasing adoption of analytics solutions in the healthcare industry and presence of major players in the region.

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The market across Asia-Pacific would cite the fastest CAGR of 19.4% from 2021 to 2030. Growing government healthcare regulations to reduce the rising healthcare costs and increasing regulatory requirements propel the need for healthcare analytics in the region. This factor drives the market growth in this province.

The key players profiled in the healthcare analytics market analysis are Allscript Healthcare Solution, Cerner Corporation, Health Catalyst, HMS (Vitreoshealth)IBM Corporation, McKesson Corporation, MedeAnalytics, Inc., Oracle Corporation, Optum, Inc., and SAS, Institute. These players have adopted various strategies to increase their market penetration and strengthen their position in the healthcare analytics industry.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Wed, 27 Jul 2022 17:43:00 -0500 Date text/html
Killexams : Anti-Money Laundering Market Size to Hit $6014.7 Million by 2028 | Global Anti-Money Laundering Industry to Record a 15.7% CAGR (2022-2028)

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, United States, Aug 01, 2022 (GLOBE NEWSWIRE via COMTEX) -- NEW YORK, United States, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled "Anti-Money Laundering Market Size, Share, Growth Analysis Report By Type (Solution, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large enterprises), By End-User (Banks and Financials, Insurance Providers, Gaming & Gambling), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 - 2028" in its research database.

"According to the latest research study, the demand of global Anti-Money Laundering Market size & share in terms of revenue was valued at USD 2,582.5 million in 2021 and it is expected to reach around USD 6,014.7 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 15.7% during the forecast period 2022 to 2028."

What is Anti-Money Laundering? How big is the Anti-Money Laundering Industry?

Market Overview:

The market's optimistic growth prospects might be ascribed to an increase in money laundering incidents around the world. The increased number of worldwide transactions has fuelled the implementation of anti-money laundering (AML) solutions in banks and other financial institutions. The industry is likely to increase as rules and compliance requirements for businesses become strict. Various government entities around the world have established legislation and laws to combat terrorism funding and money laundering. AML rules vary by nation, making it critical for financial institutions to ensure that their operations are in accordance with policies particular to the country of operation. These policies are driving up demand for AML solutions in the industry.

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(A free sample of this report is available upon request; please contact us for more information.)

Our Free sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 211+ Pages Research Report (Including exact Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most exact version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Anti-Money Laundering Market Dynamics

During the projected period, growing artificial intelligence technology in AML solutions and increased acceptance of cloud-based solutions are expected to deliver attractive prospects for AML software market advancement. Adopting compliance management systems like AML in the coming years is expected to provide a large potential due to the increased demand to analyze risk indicators across numerous industrial verticals. However, a shortage of AML expertise is expected to stymie the expansion of the anti-money laundering software market. Various legislation in different nations requires financial institutions to detect and report customers who engage in fraudulent behavior. Even after implementing AML solutions, it is difficult to identify frauds owing to the increasing frequency of sophisticated assaults such as phishing, card fraud, skimming, identity fraud, money laundering, investment fraud, terrorism funding, and sanction breaches.

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Anti-Money Laundering Market: COVID-19 Impact Analysis

COVID-19 has accelerated the advancement of digital technologies. Due to political restrictions around the world, everyone is now reliant on digital platforms to meet their everyday needs. The primary application is digital payments. The use of digital wallets, often known as eWallets, has grown. As a result of this transition, the likelihood of unlawful money transactions has grown. The FATF has issued a warning to banks regarding unlawful money transactions. As a result, the need for AML solutions has increased, and this factor has a significant impact on market growth. Due to the increased use of digital platforms, the amount of data on networks is increasing, putting a strain on the infrastructure security of banks and financial institutions. Despite several safeguards, banks are being attacked by hackers, resulting in massive losses.

As a result, the need for improved AML solutions is increasing, influencing the market growth. Cybercrime, such as financial fraud, is on the rise as data on networks grows. Banks and financial institutions are increasingly using data analytics tools to Boost their security procedures. This is projected to have a significant impact on market growth.

Anti-Money Laundering Market: Segmentation Analysis

In terms of Deployment Mode, the on-premise segment led the market, accounting for more than 50.0 percent of worldwide revenue. Anti-money laundering solutions deployed on-premise deliver enterprises complete control over applications, platforms, data, and systems, which can be easily managed by the organization's in-house IT personnel. At the same time, the segment is in high demand in enterprises where user credentials are crucial for business operations. To protect themselves from unwanted attacks, the firms deploy on-premise anti-money laundering.

On the basis of end-user, banks and other financial institutions had the greatest market share in the forecast period. This can be attributed to the growing global acceptance of banking and financial services such as commercial banking, pension funds, and retail banking, as well as developments in digital banking technology. The increased usage of banking and financial services has increased the frequency of fraud and money laundering, which is propelling the global anti-money laundering industry forward.

Browse the full "Anti-Money Laundering Market Size, Share, Growth Analysis Report By Type (Solution, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large enterprises), By End-User (Banks and Financials, Insurance Providers, Gaming & Gambling), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 - 2028" Report at

Competitive Landscape

Some of the main competitors dominating the global Anti-Money Laundering market include -

  • ACI Worldwide (US)
  • BAE Systems (UK)
  • Nice Actimize (US)
  • FICO (US)
  • SAS Institute (US)
  • Oracle Corporation (US)
  • Experian (Ireland)
  • LexisNexis Risk Solution (US)
  • Fiserv (US)
  • FIS (US)
  • Dixtior (Portugal)
  • TransUnion (US)
  • Wolter's Kluwer (The Netherlands)
  • Temenos (Switzerland)
  • Nelito Systems (India)
  • TCS (India)
  • Workfusion (US) and others.

Key Insights from Primary Research:

  • According to the analysis shared by our research forecaster, the Anti-Money Laundering market is likely to expand at a CAGR of around 15.7% during the forecast period (2022-2028).
  • In terms of revenue, the Anti-Money Laundering market size was valued at around US$ 2,582.5 million in 2021 and is projected to reach US$ 6,014.7 million by 2028.
  • Based on Organization Size, the large enterprise category is expected to account for the largest share of the market in the forecast period.
  • By Deployment Mode, the cloud segment is expected to increase the most during the projection period.
  • North American regional market dominated the anti-money laundering industry, accounting for the largest share of worldwide sales during the forecast period.

Have Any Query? Ask Our Experts:

Key questions answered in this report:

  • What is the market size and growth rate forecast for Anti-Money Laundering industry?
  • What are the main driving factors propelling the Anti-Money Laundering Market forward?
  • What are the leading companies in the Anti-Money Laundering Industry?
  • What segments does the Anti-Money Laundering Market cover?
  • How can I receive a free copy of the Anti-Money Laundering Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2022�?'2028
  • Market Dynamics - Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation - A detailed analysis by Type, Deployment Mode, Organization Size, End User, and By Region
  • Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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Regional Dominance:

North America is predicted to contribute the greatest market share in terms of revenues throughout the projection period because it is a technologically advanced region with a high number of early adopters and the presence of key market players. Factors such as the proliferation of inorganic growth methods among key AML vendors, advances in the deployment of AI, ML in AML solutions, and rising demand for cloud-based AML solutions are projected to fuel the demand for anti-money laundering solutions.

Europe is predicted to contribute to the fastest-growing region with the greatest CAGR throughout the projection period due to its technological advancements and early acceptance of new technologies. Continuous regulatory landscape developments, such as new stringent data privacy laws such as AMLD5, GDPR, and PCI DSS, as well as emerging trends related to trade-based money laundering and virtual currencies, such as a shift towards the non-bank financial sector and non-financial profession, are expected to fuel the demand for AML solutions in the European region.

The global anti-money laundering market is segmented as follows:

By Type

By Deployment Mode

By Organization Size

By End-User

  • Banks and Financials
  • Insurance Providers
  • Gaming & Gambling

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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Report Scope

Report Attribute Details
Market Size in 2021 USD 2,582.5 Million
Projected Market Size in 2028 USD 6,014.7 Million
CAGR Growth Rate 15.7% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players ACI Worldwide (US), BAE Systems (UK), Nice Actimize (US), FICO (US), SAS Institute (US), Oracle Corporation (US), Experian (Ireland), LexisNexis Risk Solution (US), Fiserv (US),FIS (US), Dixtior (Portugal), TransUnion (US), Wolter's Kluwer (The Netherlands), Temenos (Switzerland), Nelito Systems (India), TCS (India), Workfusion (US), Napier (UK), Quantaverse (US), Complyadvantage (UK), Acuant (US), FeatureSpace (UK), Feedzai (US), Finacus Solutions (India), CaseWare RCM (Canada), Comarch SA (Poland), and Others
Key Segment By Type, Deployment Mode, Organization Size, End User, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Mon, 01 Aug 2022 04:40:00 -0500 en-US text/html
Killexams : Online Banking Market Size 2022, Share, Industry Growth, Report And Global Forecast

(MENAFN- EIN Presswire)

Online Banking Market

The latest research report by IMARC Group, the global online banking market size reached a value of US$ 3.84 Billion in 2021. By 2027, it will reach US$ 5.18 Bn

SHERIDAN, WYOMING, USA, July 28, 2022 / / -- According to the latest report by IMARC Group, titled“Online Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global online banking market size . The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global online banking market reached a value of US$ 3.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.18 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.

Online banking, sometimes known as internet banking, is a payment service provided by banks and other financial organizations that allows users to execute financial transactions online. Users can use banking services such online bill payments, account opening, deposits, transfers, e-statements, checking account balance and exact activities, applying for credit cards, and ordering checks. They can also access personal bank account information. It provides improved security, quick service, usability, instant access, and cost efficiency. Online banking has become very popular all over the world since it eliminates the need for users to go to a bank branch to carry out simple banking activities.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Online Banking Market Trends and Drivers:

The global online banking market is primarily driven by the advent of the cashless age, and the increasing penetration of the internet and smartphones. In addition, with the widespread adoption of cloud-based solutions, banks and financial institutions are opting for online banking platforms.

Along with this, the escalating demand for improved customer experience and the growing need for transparency and flexibility have accelerated the product adoption rate. Furthermore, the implementation of lockdown and social distancing norms amid the exact coronavirus disease (COVID-19) outbreak has augmented the demand for online banking.

Other factors, including the emergence of the Banking as a Service (BaaS) model, expanding e-commerce sector, favorable government initiatives, rapid digitization, and technological advancements, are also anticipated to propel the market growth.

Global Online Banking Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aci Worldwide Inc., Backbase, Capital Banking Solutions, CGI Inc., ebankIT, EdgeVerve Systems Limited (Infosys Limited), Fiserv Inc., Halcom d.d. (Constellation Software Inc.), Oracle Corporation, Tata Consultancy Services Limited, Technisys and Temenos AG.

The report has segmented the market on the basis of region, banking type, software type and service type.

Breakup by Banking Type:
•Retail Banking
•Corporate Banking
•Investment Banking

Breakup by Software Type:
•Customized Software
•Standard Software

Breakup by Service Type:
•Processing Services
•Customer and Channel Management
•Wealth Management

Breakup by Region:
•North America: (United States, Canada)
•Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
•Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
•Latin America: (Brazil, Mexico, Others)
•Middle East and Africa

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•Market Drivers and Success Factors
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Thu, 28 Jul 2022 19:28:00 -0500 Date text/html
Killexams : Top ETL Tools 2022

In this data-driven age, enterprises leverage data to analyze products, services, employees, customers, and more, on a large scale. ETL (extract, transform, load) tools enable highly scaled sharing of information by bringing all of an organization’s data together and avoiding data silos.

What are ETL Tools?

Extract, transform, and load a data management process for collecting data from multiple sources to support discovery, analysis, reporting, and decision-making. ETL tools are instruments that automate the process of turning raw data into information that can deliver actionable business intelligence. They extract data from underlying sources, transform data to satisfy the data models enterprise repositories, and load data into its target destination.

“Transform” is perhaps the most important part of ETL: Making sure all data is in the proper type and format for its intended use. The term has been around since the 1970s and typically has referred to data warehousing, but now is also used to power Big Data analytics applications.

Also read: Best Big Data Tools & Software for Analytics

Choosing ETL Tools

There are a variety of factors that determine which ETL tool suits your needs best. Let’s explore some of the most relevant ones.

Business goals

Your business goals are the most vital consideration when choosing ETL tools. The data integration needs of the business require ETL tools that ensure speed, flexibility, and effectiveness.

Use case

Client use cases determine what kind of ETL tools to implement. For instance, where the implementation covers different use cases or involves different cloud options, modern ETL approaches trump older ETL approaches.


A good ETL tool should not only be flexible enough to read and write data regardless of location but also enable users to switch providers without long delays.


An organization’s scope and frequency of integration efforts determine the kind of ETL tools they require. Organizations with more intensive tasks may require more integrations daily. They should ensure the tools they choose satisfy their integration needs.

Data sources

Data sources determine the type of ETL tools to be implemented, as some organizations may need to work with only structured data while others may have to consider both structured and unstructured data or specific data types.


Considering your budget as you research prospective ETL solutions is crucial, as costs can rise considerably with ETL tools that need lots of data mapping and manual coding. Knowing not only the ETL tool but what supporting activities you will be required to pay for is key to ensuring you get the right ETL tool working optimally.

Top ETL Tools

Here are our picks for the top ETL tools based on our survey and analysis of the market.

Oracle Data Integrator

Oracle Data Integrator (ODI) is a comprehensive data integration platform that encompasses data integration requirements such as high-volume, high-performance batch loads, SOA-enabled data services, and event-driven trickle-feed integration processes. It is part of Oracle’s data integration suite of solutions for data quality, cloud data, metadata management, and big data preparation.

Oracle Data Integrator offers support for both unstructured and structured data and is available as both an enterprise ETL tool and a cloud-based ETL tool.

Key Differentiators

  • High-Performance Data Transformation: ODI offers high-performance data transformation through powerful ETL that minimizes the performance impact on source systems. It also lowers cost by using the power of the database system CPU and memory to carry out transformations instead of using independent ETL transformation servers.
  • Out-of-the-Box Integrations: The Enterprise Edition of ODI provides a comprehensive selection of prebuilt connectors. Its modular design offers developers greater flexibility when connecting diverse systems.
  • Heterogeneous System Support: ODI offers heterogeneous system support with integrations for big data, popular databases and other technologies.

Cons: ODI may require advanced IT skills for data manipulation, as implementation may prove to be complex. Licensing also may prove to be expensive for smaller organizations and teams. Furthermore, it lacks the drag-and-drop features characteristic of other ETL tools.

Azure Data Factory

Azure Data Factory simplifies hybrid data integration through a serverless and fully managed integration service that allows users to integrate all their data.

The service provides more than 90 built-in connectors at no extra cost and allows users to simply construct not only ETL processes but also ELT processes, transforming the data in the data warehouse. These processes can be constructed through coding or through an intuitive code-free environment. The tool also improves overall efficiency through autonomous ETL processes and improved insights across teams.

Key Differentiators

  • Code-Free Data Flows: Azure Data Factory offers a data integration and transformation layer that accelerates data transformation across users’ digital transformation initiatives. Users can prepare data, build ETL and ELT processes, and orchestrate and monitor pipelines code-free. Intelligent intent-driven mapping automates copy activities to transform faster.
  • Built-in Connectors: Azure Data Factory provides one pay-as-you-go service to save users from the challenges of cost, time, and the number of solutions associated with ingesting data from multiple and heterogeneous sources. It offers over 90 built-in connectors and underlying network bandwidth of up to 5 Gbps throughput.
  • Modernize SSIS in a Few Clicks: Data Factory enables organizations to rehost and extend SSIS in a handful of clicks.

Con: The tool supports some data hosted outside of Azure, but it primarily focuses on building integration pipelines connecting to Azure and other Microsoft resources in general. This is a limitation for users running most of their workloads outside of Azure.

Talend Open Studio

Talend helps organizations understand the data they have, where it is, and its usage by providing them with the means to measure the health of their data and evaluate how much their data supports their business objectives.

Talend Open Studio is a powerful open-source ETL tool designed to enable users to extract, standardize and transform datasets into a consistent format for loading into third-party applications. Through its numerous built-in business intelligence tools, it can provide value to direct marketers.

Key Differentiators

  • Graphical Conversion Tools: Talend’s graphical user interface (GUI) enables users to easily map data between source and destination areas by selecting the required components from the palette and placing them into the workspace.
  • Metadata Repository: Users can reuse and repurpose work through a metadata repository to Boost both efficiency and productivity over time.
  • Database SCD Tools: Tracking slowly changing dimensions (SCD) can be helpful for keeping a record of historical changes within an enterprise. For databases such as MSSQL, MySQL, Oracle, DB2, Teradata, Sybase, and more, this feature is built-in.

Cons: Installation and configuration can take a significant amount of time due to the modular nature of the tool. Additionally, to realize its full benefits, users may be required to upgrade to the paid version.

Informatica PowerCenter

Informatica is a data-driven company passionate about creating and delivering solutions that expedite data innovations. PowerCenter is Informatica’s data integration product, which is a metadata-driven platform with the goals of improving the collaboration between business and IT teams and streamlining data pipelines.

Informatica enables enterprise-class ETL for on-premises data integration while providing top-class ETL, ELT, and elastic Spark-based data processing for every cloud data integration needed through artificial intelligence (AI)-powered cloud-native data integration.

Key Differentiators

  • PowerCenter Integration Service: PowerCenter Integration Service assists to read and manage the integration’s workflow, which in turn delivers multiple integrations according to the needs of the organization.
  • Optimization Engine: Informatica’s Optimization Engine sends users’ data processing tasks to the most cost-effective destination, whether traditional ETL, Spark serverless processing, cloud ecosystem pushdown, or cloud data warehouse pushdown. This ensures the right processing is chosen for the right job, ensuring controlled and optimized costs.
  • Advanced Data Transformation: Informatica PowerCenter offers advanced data transformation to help unlock the value of non-relational data through exhaustive parsing of JSON, PDF, XML, Internet of Things (IoT), machine data, and more.

Con: For higher volumes, the computational resource requirement may be high.

Microsoft SSIS

Microsoft SQL Server Integration Services (SSIS) is a platform for developing enterprise-grade data transformation and integration solutions to solve complex business problems.

Integration Services can be used to handle these problems by downloading or copying files, loading data warehouses, managing SQL data and objects, and cleansing and mining data. SSIS can extract data from XML files, Flat files, SQL databases, and more. Through a GUI, users can build packages and perform integrations and transformations.

Key Differentiators

  • Transformations: SSIS offers a rich set of transformations such as business intelligence (BI), row, rowset, split and join, auditing, and custom transformations.
  • SSIS Designer: SSIS Designer is a graphical tool that can be used to build and maintain Integration Service packages. Users can use it to construct the control flow and data flows in a package as well as to add event handlers to packages and their objects.
  • Built-in Data Connectors: SSIS supports diverse built-in data connectors that enable users to establish connections with data sources through connection managers.

Cons: SSIS has high CPU memory usage and performance issues with bulk data workloads. The tool also requires technical expertise, as the manual deployment process can be complex.

AWS Glue

AWS Glue is a serverless data integration service that simplifies the discovery, preparation, and combination of data for analytics, application development, and machine learning. It possesses the data integration capabilities that enterprises require to analyze their data and put it to use in the shortest time possible. ETL developers and data engineers can visually build, execute, and monitor ETL workflows through AWS Glue Studio.

Key Differentiators

  • ETL Jobs at Scale: AWS Glue enables users to simply run and manage ETL jobs at scale, as it automates a significant part of the effort required for data integration.
  • ETL Jobs Without Coding: Through AWS Glue Studio, users can visually create, execute, and monitor AWS ETL jobs. They can create ETL jobs that move and transform data through a drag-and-drop editor, and AWS Glue will automatically generate the code.
  • Event-Driven ETL Pipelines: AWS Glue enables users to build event-driven ETL pipelines, as Glue can run ETL jobs as new data arrives.

Con: Since AWS Glue is made for AWS console and its products, it makes it difficult to use for other technologies. is a data integration solution and ETL provider that offers customers all the tools they require to customize their data flows and deliver better data pipelines for improved insights and customer relationships. This ETL service is compatible with data lakes and connects with most major data warehouses, proving that it is one of the most flexible ETL tools available.

Key Differentiators

  • Rapid, Low-Code Implementation: enables users to transform their data with little to no code, offering them the flexibility that alleviates the complexities of dependence on extensive coding or manual data transformations.
  • Reverse ETL:’s low-code Reverse ETL platform enables users to convert their data warehouses into the heartbeats of their organizations by providing actionable data across users’ teams. Users can focus less on data preparation and more on actionable insights.
  • Single Source of Truth: Users have the ability to combine their data from all of their sources and send them a single destination with A single source of truth for customer data enables organizations to save time, optimize their insights, and Boost their market opportunities.

Con: The tool does not support on-premises solutions.

Hevo Data

Hevo Data is a no-code data pipeline that simplifies the ETL process and enables users to load data from any data source, including software-as-a-service (SaaS) applications, databases, streaming services, cloud storage, and more.

Hevo offers over 150 data sources, with more than 40 of them available for free. The tool also enriches and transforms data into a format ready for analysis without users writing a single line of code.

Key Differentiators

  • Near Real-Time Replication: Near real-time replication is available to users of all plans. For database sources, it is available via pipeline prioritization, while for SaaS sources, it is dependent on API (application programming interface) call limits.
  • Built-in Transformations: Hevo allows users to format their data on the fly with its drag-and-drop preload transformations and to generate analysis-ready data in their warehouses using post-load transformation.
  • Reliability at Scale: Hevo provides top-class fault-tolerant architecture with the ability to scale with low latency and zero data loss.

Con: Some users report that Hevo is slightly complex, especially concerning operational support.

Comparing the Top ETL Tools

Mapping Drag and Drop Reporting Auditing Automation
Oracle Data Integrator X
Azure Data Factory
Talend Open Studio
Informatica PowerCenter
Microsoft SSIS X
AWS Glue
Hevo Data X

Read next: Top Data Quality Tools & Software

Thu, 14 Jul 2022 06:05:00 -0500 en-US text/html
Killexams : Field Service Management Market worth $5.7 billion by 2026 - Exclusive Report by MarketsandMarkets™

MarketsandMarkets Research Pvt. Ltd.

Chicago, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Field Service Management Market size is expected to grow from USD 3.2 billion in 2021 to USD 5.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period, according to a new report by MarketsandMarkets™. FSM solutions and services are rapidly gaining acceptance globally by large enterprises as well as mid-sized enterprises and small enterprises due to various benefits, growing adoption of automation and digitalization and the increase in adoption of BYOD and mobile-based FSM solution. The presence of many FSM providers has made the market competitive. Many emerging players providing niche and differentiated offerings for target customers have come to the forefront.

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287 - Tables
60 - Figures
289 - Pages

Scope of the Report

Report Metrics


Market size available for years


Base year considered


Forecast period


Projected Market Value in 2026

USD 5.7 billion

Highest CAGR Region


Forecast units

Value (USD Million)

Segments covered

Component (Solution and Services), Deployment Mode, Organization Size, Verticals, and Regions

Regions covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Oracle (US), Microsoft (US), Salesforce (US), IFS (Sweden), ServiceMax (US), SAP (Germany), Infor (US), Trimble (US), Comarch (Poland), ServicePower (US), OverIT (Italy), FieldAware (US), Geoconcept (France), Zinier (US), Accruent (US)

The schedule, dispatch, and route optimization solution is gaining popularity in the field service landscape and is expected to account for the largest market size during the forecast period. It is used to collaboratively manage the workforce and enhance dispatch operations. The solution facilitates clients to maximize their output by allocating jobs to field representatives. It allocates jobs to field representatives based on their skills and current location to deliver services in minimum time. Dispatching is the process where the user sends out an employee (an engineer, specialist, or technician) to fix a problem or provide a solution. The process of dispatching is critical for customer satisfaction. The route optimization feature helps in finding the best possible route between two locations.

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The Integration and implementation services are likely to share large revenues in the estimated year, as they enable clients to appropriately deploy and integrate field service management solutions with their existing systems, such as ERP and CRM. These services are provided by trained and technically expert professionals who can ensure the accurate deployment of field service management solutions. The market for field service management solutions is expected to grow because these solutions deliver field services in lesser time and cost.

The on-premise deployment field service accounts for a larger market share in the field service management market, by deployment type, owing to the security and flexibility provided by them while retrieving data, as field service enterprises deal with sensitive and confidential data about customers and companies. These enterprises use on-premise field service management solutions to have total control over information security about the customer and company. On-premise solutions are installed and hosted in an organization’s IT infrastructure and are managed by its internal IT staff.

The adoption of field service management solutions is higher in large enterprises, and the trend is expected to continue during the forecast period. Field service management solutions are important for large enterprises, as they have a large workforce, large volumes of documentation, and have to maintain extensive customer records. Large enterprises face challenges in assigning work orders to field technicians and engineers. If work orders are not managed efficiently by large enterprises, they can lead to increased costs and lesser productivity. This can also lead to a loss of customer loyalty and market share. Large enterprises are focusing on adopting field service management solutions to centrally manage their business processes and critical data of their workforce and customers.

The field service management for manufacturing organizations is a booming business and holds the largest market share during the forecast period. To help minimize machine downtime, manufacturing organizations are now looking to Industry 4.0 technologies that provide advancements, such as intelligent predictive maintenance and IoT, to detect anomalies in machines and send out real-time alert notifications. A field service management (FSM) solution uses the predictive maintenance or IoT triggers to generate work activities; and, in real-time, find the best-suited field technician to be on-site to perform the work activity. This is done via built-in intelligent scheduling, dispatching, and optimized algorithms. FSM solutions should provide the field service technician with all the information and guidance necessary to execute the task most efficiently. With the help of FSM solutions, manufacturers are capable of augmenting their business efficiency and consumer relationships.

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APAC is projected to witness the fastest growth rate in the coming years. APAC has witnessed the advanced and dynamic adoption of new technologies and is projected to record the highest CAGR during the forecast period. In addition, IT spending across organizations in the region is gradually increasing, which is projected to lead to a surge in the adoption of FSM solutions. China, India, and Japan are the leading countries in terms of the adoption of FSM solutions and services in the region. Asia Pacific is expected to dominate the regional field service management market; its rapid growth rate is due to the region being home to many SMEs, which are highly involved in the development and adoption of field services and their management solutions. China is one of the largest E-Commerce markets in the world. The expansion in the sector is a significant driver for the adoption of FSM solutions. And as new retail is shifting more and more from a novel concept to the mass market sector, the need for the management of field service is expected to grow.

The Field Service Management Market is dominated by companies such as Oracle (US), Microsoft (US), Salesforce (US), IFS (Sweden), ServiceMax (US), SAP (Germany), Infor (US), Trimble (US), Comarch (Poland), ServicePower (US), OverIT (Italy), FieldAware (US), Geoconcept (France), Zinier (US), Accruent (US). These vendors have a large customer base and strong geographic footprint along with organized distribution channels, which helps them to increase revenues.

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Mon, 01 Aug 2022 02:30:00 -0500 en-NZ text/html Killexams : Storage in Big Data Market Projected to Cross USD...

New York, US, July 07, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), "Storage in Big Data Market Analysis by Component (Hardware, Software and Services), By Vertical (BFSI, IT & Telecommunication, Healthcare, Manufacturing, Transportation, Media & Entertainment and Others) - Forecast 2030" valuation is poised to reach USD 21.53 Billion by 2030, registering an 15.4% CAGR throughout the forecast period (2021–2030). 

Storage in Big Data Market Overview

The digitalization of records has generated an enormous need for storage in the big data market. Backups, storage, security, and cost are some of the vital features the storage in the big data industry. It also offers benefits to various businesses, particularly healthcare, for preserving up-to-date data records and effectively managing all the clients' records.

Storage in Big Data Market Report Scope:

Report Metric Details
  Market Size USD 21.3 Bn by 2030
  CAGR 15.4% From 2021 to 2030
  Base Year 2020
  Forecast Period 2021 To 2030
  Historical Data 2019
  Forecast Units Value (USD Billion)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered Component, Vertical and Region
  Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors International Business Machines Corporation (U.S.), Hitachi Data Systems Corporation (U.S.), Google Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise (U.S), Amazon Web Services (U.S.), Dell EMC (U.S.), Google Inc. (U.S.), Teradata Corporation (U.S.), VMware, Inc. (U.S.)
  Key Market Opportunities The increased adoption and implementation of cloud computing has enhanced the storage in big data market opportunities for growth
  Key Market Drivers Storage in Big Data Market Demand is Rising due to the Capability of Big Data to Provide Security, Backups, Safety, Cost Efficiency and Large Storage

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With the higher storage volumes, companies can properly manage and store data. Such offers extend the storage in big data market opportunities for growth as many companies are becoming eager to adopt and implement storage in big data. The developments in big data market trends in storage will propel market growth shortly.

In exact years, the technological advancements and increased adoption of cloud computing have escalated the global storage in the big data market. As per the big data market forecast storage, the rising demand for big data and software-based storage devices has exhilarated the market potential. The Internet of things or IoT is constantly developing, and companies are progressing more towards adopting the Internet of things, which led to the big data market growth storage. The demand for larger storage, improved security, safety, backups, and cost-effectiveness drives global storage in the big data market.

Market USP Covered

Market Drivers

The global market for storage in big data has recorded a massive surge in the growth rate in the last few years. The market's growth is mainly credited to the capability of big data to provide security, large storage, cost efficiency, safety, and backups. With the rapid urbanization and digitization among various sectors worldwide, people are shifting more towards technological advancements and opting out of the digitalization of data records.

Market Restraints

On the other hand, the reduction in the budgets of data storage and the higher overall cost of flash storage ownership are likely to restrict the growth of the storage in the big data market.

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Storage in Big Data Market Segments

Among all the verticals, the I.T. and telecommunication sector is likely to lead the global storage in the big data market over the assessment timeframe. The rapidly growing I.T. sector across the globe is the primary aspect causing an upsurge in the segment's growth. Furthermore, the growing investments in the sector are another crucial parameter supporting the segment's growth.

Among all the components, the hardware component is likely to secure the largest revenue share across the global storage in the big data market over the coming years. The segment is further classified into servers, networks, and storage.

Storage in Big Data Market Regional Analysis 

The global market for storage in big data is analyzed across five major regions such as Europe, Asia-Pacific, Latin America, North America, and the Middle East & Africa.

According to the Market Research Future (MRFR) analysis reports, the North American region is anticipated to account for the highest revenue across the global storage in the big data market over the forecasted era. The major aspect causing an upsurge in the regional market's growth is the rapid digitalization across various industries. The US is the leading growth contributor across the regional market. Furthermore, the presence of major players across the U.S. is another crucial parameter anticipated to boost the regional market's growth over the forecasted timeframe. In addition, the blossoming big data analytics and IoT are anticipated to catalyze the regional market's growth over the coming years.

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The storage in the big data market for the European region is anticipated to grow substantially over the assessment timeframe. The regional market's growth is attributed primarily to the technological advancements across the sector. Furthermore, factors such as rising adoption of smart devices and digital transformation are also likely to positively impact the regional market's growth over the forecasted era.

The Asia-Pacific regional market for storage in big data is likely to grow substantially over the review timeframe. The regional market's growth is mainly credited to improved business performance and customer expectations fulfillment. Furthermore, the growing digitalization across the emerging nations is another crucial parameter likely to boost the regional market's growth over the assessment timeframe. Moreover, the increasing adoption of smartphones, smart devices, and tablets is anticipated to boost the demand for cloud-based storage platforms, likely to catalyze regional storage growth in the big data market over the coming years. Additionally, the increasing implementation of mobile and cloud solutions across developing countries such as India, Malaysia, and Singapore are also projected to boost the demand for the market across the region.

COVID-19 Impact

The global COVID19 outbreak has had a major impact on the global economy and decreased the growth rate to the lowest points. Such a major impact on the global economy will take many years to get back on track and achieve momentum. The imposition of partial or complete lockdowns across several regions worldwide made several market sectors face huge revenue losses. The businesses and working sectors faced severe consequences of the pandemic and tolerated huge financial losses. During the lockdown, manufacturing units and industrial work were halted, causing disruptions in the overall supply chain and broadening the supply to demand gap. On the other hand, the storage in the big data market managed to survive in the tough times and maintained a balanced growth rate.

During the lockdown, people across the globe stayed at home, and businesses have also enabled employees to work from their homes, which boosted the demand for higher data storage. The growth in the requirement for larger storage capacity for data boosted the market's growth in exact times. Several leading players across the market experienced an increase in the demand for better storage capacities in big data and increased storage in big data market size during the pandemic. The growing need for backups, safety, and data security is soaring up the storage in big data market growth over the forecasted years.

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Storage in Big Data Market Competitive Analysis

Dominant Key Players on Storage in Big Data Market Covered are:

  •  International Business Machines Corporation (U.S.)
  •  Hitachi Data Systems Corporation (U.S.)
  •  Google Inc. (U.S.)
  •  Microsoft Corporation (U.S.)
  •  Oracle Corporation (U.S.)
  •  Hewlett Packard Enterprise (U.S)
  •  Amazon Web Services (U.S.)
  •  Dell EMC (U.S.)
  •  Google Inc. (U.S.)
  •  Teradata Corporation (U.S.)
  •  VMware Inc. (U.S.)

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