(MENAFN- Industry Research Place) The global 3rd platform market is expected to grow around $1.8 Trillion at 7.5% from (2015- 2020), according to Industry Research Place. The 3rd platform is built on a foundation of cloud, mobile, social, and Big Data technologies. The 3rd platform is expected to grow, largely driven by the increased adoption of cloud services and mobile devices across the globe. As Industry is moving towards innovation and enterprises are looking to gain competitive edge, 3rd platform spending across the globe expected to capture major share in the overall ICT spending. The 3rd Platform market will account to one third of global ICT spending in 2015 where as by 2020, it will account to almost 40% of IT spending. Vendors are trying to keep up with the market by introducing new products, services and solutions and key players in the market are aggressively acquiring small companies to reduce time to market, strengthen current offerings and capitalize new markets.
The 3rd platform market will evolve around cloud, big data, mobile and social technologies; enterprises will aggressively adopt these technologies to take advantage of BYOD and growing mobile employees worldwide. The 3rd platform market is huge and integration of these technologies will create high revenue pockets through emerging markets.
Essential Take Aways:
The technology segment is expected to reach $1.6 Trillion by 2020 which will account to 90% of overall 3rd platform market.
The consumerization of technology and adoption of BYOD policies are changing the way organization do business. Revenue from mobile segment will account to 74% of the overall 3rd platform technology market by 2020.
Retail organizations are engaging more with customers through mobile applications, mobile e-wallets, and mobile POS systems. Retail segment is expected to reach $398.4 billion by 2020, at a CAGR of 7% from 2015 to 2020.
This report analyses the global market for 3rd Platform . The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
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Global 3rd Platform Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global 3rd Platform Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global 3rd Platform Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Global 3rd Platform Market Table of Contents
Chapter 1: Introduction
Chapter 2: Summary and Highlights
Chapter 3: Market Overview
Chapter 4: Impact of COVID 19
Chapter 5 Global Market for 3rd Platform
Chapter 6: Market Breakdown by Segment
Chapter 7: Market Breakdown by Region
Chapter 8: Industry Trends
Chapter 9: Company Profiles
Chapter 10: Appendix
Report Coverage
• An overview of the Global 3rd Platform Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global 3rd Platform Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for 3rd Platform Market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global 3rd Platform Market Report
• What is the impact of COVID 19 epidemic on the Global 3rd Platform Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global 3rd Platform Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within 3rd Platform Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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