The scope of the global connectivity constraint computing market is also broadening through the use of custom dynamic constraint modeling and its use in resolving multiple constraints simultaneously.
Albany, NY -- (SBWIRE) -- 02/13/2017 -- Global Connectivity Constraint Computing Market: Snapshot
The leading factor driving the global connectivity constraint computing market currently is the scope of eliminating human bias in prediction assessment. The market is also finding a high volume of demand from industries in need of process automation in the midst of high volume data sets accumulation. The scope of the global connectivity constraint computing market is also broadening through the use of custom dynamic constraint modeling and its use in resolving multiple constraints simultaneously. However, the global connectivity constraint computing market is currently being restrained by factors such as the sheer cost of implementing these methods, the complications in computation due to the possibility of non-compatibility of high volume data sets, and the high amount of time taken to finish the data accumulation processes.
The global connectivity constraint computing market is expected to expand at a CAGR of 58.4% from 2016 to 2024. By the end of 2016, its revenue is expected to be US$177.8 mn. The high growth rate of the market is expected to have it reach US$7.03 bn by the end of 2024.
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North America to Continue Leading CCC Demand
In 2015, the global connectivity constraint computing market was led by North America. Its lead is primarily attributed to a higher concentration of prominent manufacturers and users of connectivity constraint computing. North America has also been experiencing an increasing rate of infrastructural development and a growing rate of urbanization which has further been driving the global connectivity constraint computing market. It is also likely for North America to remain the leader in the global connectivity constraint computing market for the foreseeable future.
The global connectivity constraint computing market in Asia Pacific, on the other hand, is an exceptionally lucrative segment and the growth rate is expected to be very high over the coming years. APAC countries of Japan, China, and India, owing to improvements in social management, and ecosystem and healthcare management system, are ready to implement CCC modeling at a large scale. The use of CCC is growing in this region is also benefitting for the growth in industrial infrastructure, implementation of stricter environmental regulations, and an increase in the need for connectivity. India and China are the collectively leading the connectivity constraint computing market in APAC.
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Europe is likely to hold a consistent regional market share over the coming years, owing to technological advancements and an increasing demand for CCC modeling from logistic and other network designing segments. Germany, United Kingdom and France are expected to show the leading growth rates and market shares within the connectivity constraint computing market of Europe. The CCC market in the MEA region is also is projected to show a stable growth rate till 2024. United Arab Emirates (UAE) is showing an especially high rate of growth in this market due to advancements in biological mapping, connectivity and health care surveillance.
Ecosystem and Healthcare Management to Top Demand in Global CCC Market
The global connectivity constraint computing market can be segmented on the basis of application, into ecosystem and healthcare management systems, social management, logistics & other network designing, and security. Ecosystem and healthcare management systems are expected to lead the global connectivity constraint computing market in terms of overall revenue generated. This segment already dominated the market in 2015. It can also be segregated into wildlife corridor and ecosystem designing, and public health surveillance. The demand for CCC modeling in this application segment is expected to be derived from the increasing environmental concerns and need for better wildlife preservation methods.
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As of 2015, the leaders of the global connectivity constraint computing market included Microsoft Corporation, Google Inc., Amazon.com Inc., Wal-Mart Stores Inc., Oracle Corporation, TATA Consultancy Services, Cognizant, and IBM.
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