NEW YORK, June 18, 2020 (GLOBE NEWSWIRE) — The global service integration and management (SIAM) market is estimated to be valued at USD 4.1 billion in 2020 and is expected to reach USD 5.4 billion by 2025, growing at CAGR of 5.3% during the forecast period (2020–2025).
Industry Insights by Solution (Business (GRC Management, Contract Management, Procurement, and Auditing and Invoicing), and Technology (Application (Lifecycle Management, Testing, and Development), Infrastructure (Mobility, Network, Security, Data Center, and Others), and Training and Support)), by Organization Type (Small and Medium Enterprise, and Large Enterprise), by Service (Assessment & Advisory, Consulting & Implementation, and Integration & Automation), by Industry (Energy & Utility, BFSI, Telecom & IT, Transportation & Logistics, and Retail & Manufacturing)The increasing demand for multi-vendor outsourcing, increasing demand for automation in business processes, increasing service management complexities, and development of cost-effective SIAM framework are the key factors leading to the growth in the SIAM market, globally.Get a free copy of sample report: https://www.vynzresearch.com/ict-media/service-integration-and-management-market/request-sampleDifferent vendors across the globe are adopting SIAM solutions for the management of complexities in the business services, especially in IT and telecom sector. With the increasing adoption of digital solutions and abundance of information and data, operations in these industries become very complex, thus requiring automation of these processes. This is anticipated to create immense opportunities for the growth of the SIAM market.Different players are offering solutions for service integration management to provide error-free, high quality, cost-effective and efficient service delivery. These solutions also help to reduce labor cost, increase operational efficiencies and enhance outcomes, thus driving the SIAM market across the globe. However, the dearth of skilled and expert professionals, reluctance in the adoption of new technologies, lack of regulatory compliances are restraining the growth of the market.Explore key industry insights in 211 tables and 114 figures from the 202 pages of report, “Global Service Integration and Management (SIAM) Market Analysis and Forecast to 2025 – Industry Insights by Solution (Business (GRC Management, Contract Management, Procurement, and Auditing and Invoicing), and Technology (Application (Lifecycle Management, Testing, and Development), Infrastructure (Mobility, Network, Security, Data Center, and Others), and Training and Support)), by Organization Type (Small and Medium Enterprise, and Large Enterprise), by Service (Assessment & Advisory, Consulting & Implementation, and Integration & Automation), by Industry (Energy & Utility, BFSI, Telecom & IT, Transportation & Logistics, and Retail & Manufacturing)”Among the two solutions, technology solutions hold a larger share in the market and the business solutions market size is anticipated to witness the higher growth in the market during the forecast period. The business solution is further categorized into governance, risk, and compliance (GRC) management, contract management, procurement, and auditing and invoicing. Of all the business solutions categories, procurement solutions hold the largest share in the market whereas the GRC management solutions market is anticipated to grow at the fastest CAGR during the forecast period.The technology solutions market is further segmented into an application, infrastructure, and training and support. Of all the categories the SIAM business solutions market for infrastructure category generated the largest revenue in 2017 and is anticipated to remain the largest category during the forecast period. The application technology solutions market is sub-segmented into lifecycle management, testing, and development; and the infrastructure technology solutions market is sub-segmented into mobility, network, security, data center, and others.Based on service, the SIAM market is segmented into assessment & advisory, consulting & implementation, and integration & automation. Of all the categories, the consulting and implementation services hold a larger share in the market and are anticipated to grow at a CAGR of 5.3% during the forecast period. On the basis of organization size, the SIAM market is segmented into small and medium enterprises, and large enterprises. Of both the categories, the SIAM market finds its larger application in large enterprises and the market for small and medium enterprises is anticipated to witness the higher growth during the forecast period.Based on industry, the SIAM market is segmented into energy & utility, BFSI, telecom & IT, transportation & logistics, and retail & manufacturing. The telecom and IT industry is the largest consumer of SIAM solutions across the globe as the telecom industry rely on multi-vendor environment to offer services by sharing resources.Europe accounted for the major share in the SIAM industry in 2019, globally due to the high regulatory compliances and high compliance for adopting new technologies by large enterprises, and developed information and communication technology industry in the region. North America and Asia-Pacific are the key regions showcasing immense opportunities for growth in the SIAM market in the coming years. Asia-Pacific SIAM market is highly lucrative owing to its large consumer base, increasing reliance on multi-vendors for services, and the presence of large telecom sectors in the region. Also, developing the IT industry in emerging economies such as India, and the Philippines is creating a suitable business environment for SIAM solution providers.Market players in the SIAM industry are focusing on strengthening B2C relationship, and use of artificial intelligence and automation for catering to the demand of consumers. Atos SE, Hewlett Packard Enterprise (HPE), HCL Technologies Limited, Oracle Corporation, Tata Consultancy Services Limited, BAE Systems plc, DXC Technology Company, IBM Corporation, Capgemini, Accenture PLC, Infosys Limited and Wipro Limited are some of the key players offering solutions in SIAM industry.Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/ict-media/service-integration-and-management-market/customize-reportGlobal Service Integration and Management (SIAM) Market CoverageSolution Insight and Forecast 2015 – 2025BusinessGRC ManagementContract ManagementProcurementAuditing and InvoicingTechnologyApplicationLifecycle ManagementTesting, and DevelopmentInfrastructureMobilityNetworkSecurityData CenterOthersTraining and SupportOrganization Size Insight and Forecast 2015 – 2025Small and Medium EnterprisesLarge EnterprisesService Insight and Forecast 2015 – 2025Assessment & AdvisoryConsulting & ImplementationIntegration & AutomationIndustry Insight and Forecast 2015 – 2025Energy & UtilityBFSITelecom & ITTransportation & LogisticsRetail & ManufacturingGeographical SegmentationService Integration and Management (SIAM) Market by RegionNorth AmericaBy SolutionBy Organization SizeBy ServiceBy IndustryBy CountryU.S.CanadaEuropeBy SolutionBy Organization SizeBy ServiceBy IndustryBy CountryGermanyU.K.ItalyFranceRest of EuropeAsia-PacificBy SolutionBy Organization SizeBy ServiceBy IndustryBy CountryChinaIndiaJapanRest of Asia-PacificLatin AmericaBy SolutionBy Organization SizeBy ServiceBy IndustryBy CountryBrazilMexicoRest of Latin AmericaMiddle East & Africa (MEA)By SolutionBy Organization SizeBy ServiceBy IndustryBy CountrySouth AfricaU.A.E.Rest of MEAMore from VynZ Research:COVID-19 Outbreak – Impact Assessment on Tourism IndustryCoronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. The diseases The COVID-19 outbreak has the most impact on the tourism industry. Amid lockdown across the globe, the sector has been the hardest hit by the outbreak. Since January 2020, almost every destination has put travel restrictions. And it is anticipated that the industry will be hit harder than the financial meltdown of 2008-2009 or any other event in recent history.Explore more at: https://www.vynzresearch.com/ict-media/covid-19-outbreak-tourism-industryGlobal Cloud Radio Access Network (C-RAN) Market Analysis and Forecast to 2025The global cloud radio access network (C-RAN) market was valued at USD 8.5 billion in 2019, growing at a CAGR of 20.0% during the forecast period. Cloud radio access network (C-RAN) refers to the centralized/cloud radio access network and is the liaison between the core network and mobile phone users. Increasing the number of mobile phone users, adoption of cloud infrastructure across industries, competition among the mobile network providers for launching 5G networks are expected to boost the demand for low cost and vastly scalable C-RAN technology.Explore more at: https://www.vynzresearch.com/ict-media/cloud-radio-access-network-c-ran-marketGlobal Beacon Technology Market Analysis and Forecast to 2025The global beacon technology market was valued at USD 1.7 billion in 2019 and is expected to reach USD 14.7 billion by 2025, growing at a CAGR of 44.0% during 2020-2025. The beacon technology industry is anticipated to experience substantial growth during the forecast period, owing to the various industry verticals using wide-ranging technology in various industry verticals consisting of education, retail, healthcare and hospitality.Explore more at: https://www.vynzresearch.com/ict-media/beacon-technology-marketBenefits of Report Purchase from VynZ:We provide accurate data and in-depth analysis with all-inclusive coverage. We focus on robust research methodology and data triangulation to ensure high quality report. We believe in providing 24*7 analyst support to our client – Pre and post purchase of the report as well as during the project tenure.We also offer 20% post purchase free customization in the study to meet your needs. Due. We claim full customer satisfaction as our core values lie in building long term relationship.About VynZ ResearchVynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.Contact Us:VynZ ResearchCall: +91-996-028-8381Toll Free (U.S. and Canada): +1-888-253-3960Email: email@example.comWeb: https://www.vynzresearch.comConnect with Us: LinkedIn | Facebook | Twitter
Release Is Transforming The World’s Agriculture & Fisheries Logistics Through Its Blockchain-Powered Social Commerce Platform
New Taipei City, Taiwan, July 12, 2020 (GLOBE NEWSWIRE) — While the concept of social commerce is gaining traction, there are several inherent challenges that are hindering its growth. Among these, a few of the most prominent ones include – logistics & supply chain inefficiency, the lack of effective communication between buyers and sellers, etc. To address these issues and more, Release Co. Ltd. has harnessed the power of blockchain technology and tokenization.
The Global Autonomous Vessels Market is expected to grow from USD 13,769.50 Million in 2019 to USD 21,784.01 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.94%
New York, July 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Autonomous Vessels Market Research Report by Fit, by Type, by Automataion, by Solution, by Users – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913503/?utm_source=GNW
On the basis of Fit, the Autonomous Vessels Market is studied across Line Fit and Retrofit.Clare: firstname.lastname@example.org
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CORRECTION – OMNIQ’s Artificial Intelligence-Based Quest Shield™ Solution Selected by the Talmudical Academy of Baltimore
SALT LAKE CITY, July 10, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline on June 1, 2020 by OMNIQ, Inc. (OTCQB:OMQS), please be advised that the second paragraph as originally issued contained certain inaccuracies, not related to financial results or projections, which have been corrected below.Quest Shield™ security package provides a proactive ground-breaking cloud-based solution for crime prevention on campuses and in schools using automatic Machine Vision detection and identification of vehicles by license plate, make and color via an AI-based identification algorithm
Real-time alert and notification to law enforcement authorities to actively prevent potential tragediesTechnology developed in Israel, previously deployed with success in sensitive security zones in the U.S., Middle East and elsewhereAddressing Covid-19 concerns, students will be equipped with a contactless, readable ID tag verifying pre-screened temperature test clearanceTalmudical Academy in Baltimore has over 1,000 students and is part of the Chofetz Haim educational chain with more than 35 locations in the U.S., Canada and IsraelOMNIQ, Inc. (OTCQB:OMQS) (“OMNIQ” or “the Company”), announces that it has been selected to deploy its Quest Shield™ campus safety solution at the Talmudical Academy of Baltimore in Maryland.The Quest Shield™ security package uses the Company’s AI-based SeeCube™ technology platform, a ground-breaking cloud-based/on-premise security solution for Safe Campus/School applications. The platform provides unique AI-based computer vision technology and software to gather real-time vehicle data, enabling the Quest Shield™ to identify and record images of approaching vehicles including color, make and license plate information. The license plate is then compared against the school’s internal watch list to provide immediate notifications of unauthorized vehicles to security and administrative personnel. In addition to providing a vehicle identification and recognition solution to the Talmudical Academy, the Quest Shield™ comprehensive security platform addresses other security concerns including controlling access to the buildings and visitor management as well as the ability to pre-register guests for school activities. Additionally, as part of COVID-19 mitigation, parents in Maryland will be asked to take and record their child’s temperature each day before they leave for school. Quest Shield™ will automate this process, by providing parents an online form where they may record the temperature. All Talmud Academy students will be equipped with an ID tag that will have a QR code that can be read with a barcode scanner. As students enter campus, faculty equipped with Quest handheld scanners will read the barcode to confirm that the student’s temperature has been taken that day; if the form has not been filled in, faculty will check temperatures before allowing students inside. Shai Lustgarten, CEO of OMNIQ, commented: “It is our privilege to work with the Talmudical Academy to provide our solution to enhance safety at their Baltimore campus. Quest Shield™ is an extension of the homeland security solution we designed for the Israeli authorities to fight terrorism and save lives.”Rabbi Yaacov Cohen, Executive Director, Talmudical Academy of Baltimore, commented: “Concern about campus safety and the safety of our students and faculty drove the Talmudical Academy to seek ways to implement new strategies aimed at preventing crimes and violence that may be committed on the school grounds. The unfortunate reality today is that situations we could never imagine just a few years ago are happening now with increasing regularity. Most security systems that are currently being deployed on other campuses are good at recording events subsequent to crimes being committed. With Quest Shield™, we have an opportunity to alert personnel and Law Enforcement ahead of any sign of violence.”Mr. Lustgarten added: “The Quest Shield™ has been tailored to provide a proactive solution to improve security and safety in schools and on campuses as well as community centers and places of worship in the U.S. that have unfortunately become a target for ruthless attacks. We’re pleased to work with a forward-thinking organization like the Talmudical Academy, it is gratifying that the Academy selected the Quest Shield™ platform to strengthen its security precautions.”“Additionally, many schools and communities are expressing concern around children returning to school in the fall due to COVID-19. With that in mind, Talmudical Academy will also employ the Quest Shield™ to provide an automated screening process to confirm that students have had their temperatures checked, per Maryland regulation, upon their arrival on campus and prior to them entering the school facilities.”Mr. Lustgarten concluded, “We are proud to be able to improve student safety in the U.S., as well as in other vulnerable communities. Quest Shield™ has previously been implemented by a pre-K through Grade 12 school in Florida and at a Jewish Community Center in Salt Lake City. We look forward to working closely with the Academy and other institutions to promote the health and safety of students, faculty and support personnel.”About OMNIQ, Corp.
OMNIQ Corp. (OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The technology and services provided by the Company help clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. Information about Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.Investor Contact:
John Nesbett/Jen Belodeau
IMS Investor Relations
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