Blockchain-as-a-Service (BaaS) Market to Rise Substantially; Microsoft Partners with R3 to Develop Advanced Blockchain Technologies Using Microsoft Azure: Fortune Business Insights(TM)
The global blockchain-as-a-service market size is set to reach <b>USD 24.94 billion by 2027</b>, exhibiting an impressive <b>CAGR of 39.5%</b> during the forecast period. Multiple advantages of BaaS for small and medium enterprises (SMEs) will fuel the market growth, states Fortune Business Insights(TM) in its recent report, titled "<b>Blockchain-as-a-Service (BaaS) Market Size, Share & Industry Analysis, By Component (Tool and Service), By Application (Smart Contracts, Supply Chain Management, Payments, Governance, Risk, and Compliance Management and Others (Identity Management)), By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Entertainment, Retail & Consumer Goods, Travel and Transportation and Others (Education etc.)), and Regional Forecast, 2020-2027</b>".
VMware Reports Fourth Quarter and Fiscal Year 2021 Results
--Subscription and SaaS revenue of $2.6 billion; 22% of total revenue for FY21
Digital Transformation Market worth USD 3,546.80 Billion at 22.1% CAGR; Expansion of Automotive Industry to Bolster Growth, says Fortune Business Insights(TM)
The global digital transformation market is expected to gain impetus from the emergence of industrial automation in a wide range of industries. Robots are able to control several core industrial processes efficiently. <b>Fortune Business Insights(TM)</b> published this information in a new report, titled, "<b>Digital Transformation Market, 2021-2028</b>." The report further states that market size was <b>USD 737.88 billion</b> in 2020 and is projected to reach <b>USD 3,546.80 billion</b> by 2028, exhibiting a CAGR of <b>22.1%</b> during the forecast period. The expansion of the automotive industry worldwide would result in the rising implementation of industrial robotics. The International Federation of Robotics (IFR), for instance, declared that in 2017, around 2.1 million stand-alone automotive and industrial robots were installed worldwide.
Cloud Analytics Market to Rise at 24.3% CAGR till 2026; Increasing Number of Product Launches by Major Companies to Aid Growth, says Fortune Business Insights(TM)
The global cloud analytics market size is projected to reach USD 72.40 billion by the end of 2026. The increasing use of cloud platforms in fraud detection software will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled "<b>Cloud Analytics Market Size, Share & Industry Analysis, By Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small And Medium-Sized Enterprises (SMEs) and Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Education, and Others) and Regional Forecast, 2019-2026</b>," the market was worth USD 13.15 billion in 2018 and will exhibit a CAGR of 24.3% during the forecast period, 2019-2026.
Cloud Storage Market to Exhibit 6.3% CAGR by 2027 Backed by Increasing Focus on Power Generation in APAC Region, says Fortune Business Insights(TM)
The global cloud storage market is set to gain traction from the rising adoption of autonomous systems and machine learning. Besides, the introduction to unique video systems, internet of things (IoT), and remote sensing technologies are driving the market growth. This information is provided by Fortune Business Insights(TM) in a recent study, titled, "Cloud Storage Market size, Share & Industry Analysis, By Component (Storage Model, and Services), By Deployment (Private, Public, and Hybrid), By Enterprise Size (SMEs, and Large Enterprises), By Vertical (BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, and Others), and Regional Forecast, 2021-2028." The study further mentions that the cloud storage market size was USD 49.13 billion in 2021 and is projected to reach USD 297.54 billion by 2028, exhibiting a CAGR of 25.3% during the forecast period.
VMware to Present at the Morgan Stanley Technology, Media and Telecom Virtual Conference
VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Raghu Raghuram, VMware's chief operating officer, products and cloud services will present as a keynote speaker at the Morgan Stanley Technology, Media and Telecom Virtual Conference on Tuesday, March 2, 2021 at 2:45 p.m. PT/ 5:45 p.m. ET.
Cloud Computing Market: Amazon Web Services Opens Three New Data Centers in Bahrain to Expand Geographic Footprint: Fortune Business Insights(TM)
The global cloud computing market is expected to gain momentum from the rising inclination of enterprises to Omni-cloud solutions from multi-cloud solutions. This information is given by <b>Fortune Business Insights(TM) </b>in a new report, titled, "Cloud Computing Market Size, Share & COVID-19 Impact Analysis, By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Industry (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government, Consumer Goods, and Retail, Healthcare, Manufacturing, Others), and Regional Forecast, 2020-2027." The report further states that the market size stood at was <b>USD 193.60 billion</b> in 2019 and it is projected to reach <b>USD 684.55 billion</b> by 2027, exhibiting a CAGR of 17.6% during the forecast period.