Market Research Future (MRFR), in its latest Telecom Service Assurance Market report, discusses determiners and restraints of the market. As per MRFR study, the telecom service assurance global market is likely to rise at 9.3% CAGR by 2025.
The digital vault market is cementing its foothold by improving at a CAGR of 14.1% during the forecast period 2018–2023. The market is set to achieve a valuation of $873.81 million from $451.63 million in 2018, according to the study conducted by Market Research Future.
The need for rapid integration and iterative processing with the colossal amounts of data produced across the globe is one of the major factors driving the AI in workspace market. Iincreasing demand for smart devices is also contributing towards the AI in workspace market growth over the review period.
The rising number of data frauds and increasing data security risks is creating demand for Mobile Encryption Industry. Mobile encryption protects data stored in mobile devices thus making the data unusable in the wrong hands. Compliance requirements across organizations make it necessary to encrypt data in order to avoid penalties for data breaches.
Cyber security market growth can be attributed to increasing focus on business continuity plans to provide optimized security for customer data and operations. Increasing focus on cyber security is a critical business imperative expected to further drive the market with a higher proportion for security policies and infrastructure.
The all-flash array market was valued at $5.9 billion in 2018 and is expected to reach $17.8 billion by 2023, at a CAGR of 24.53% from 2018 to 2023. Major growth drivers are increasingly being used in data centers. Further, factors such as flexibility, installation, maintenance, and size are also driving the All-Flash Array (AFA) market.
The All-Flash Array Market was valued at $5.9 billion in 2018 and is expected to reach $17.8 billion by 2023, at a CAGR of 24.53% from 2018 to 2023. Major growth drivers are increasingly being used in data centers. Further, factors such as flexibility, installation, maintenance, and size are also driving the AFA market.
A strong need to keep enterprise data secured from advanced cyber-attacks and meet stringent compliance requirements act as the major driving factors for global growth of the digital vault market. However, limited security spending and availability of various cyber security solutions to protect enterprise data are restraining growth of the market.
The Global Service Assurance in Telecommunication Market is expected to reach $9.32 Billion by 2025, registering a CAGR of 9.3% during the forecast period 2019–2025. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.