New York, US, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Virtual Mobile Infrastructure Market information by organization size, by components, by deployment and region – forecast to 2027” market size garner USD 198.2 million, growing at a compound annual growth rate of 9.3% by 2025.
Virtual mobile infrastructure (VMI) allows deployment of mobile applications through a server or cloud. The surplus of mobile applications as well as need for enhanced security for smartphones and devices can drive its demand. The global virtual mobile infrastructure market report by Market Research Future (MRFR) contains technological breakthroughs in virtual technologies aimed to connect mobile phones during the forecast period (2020-2027). The COVID-19 pandemic and its effects on the market are outlined in an understandable manner.
Dominant Key Players on Virtual Mobile Infrastructure Market Covered are:
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Market USP Exclusively Encompassed:
Goals of developed and developing nations to increase food production by 70% by 2050 can drive the market demand significantly. Introduction of subsidies to farmers and loan schemes for adapting modern methods can bode well for the market. Farm mechanization that refers to use of modern vehicles for irrigation of and harvesting of crops can favor the market. This can increase the output while keeping labor costs low. Government efforts to bring in farmers to the industrial fold by assuring timely assistance with fertilizers, crop seeds, and right prices for their crops can influence farmers greatly. This is exemplified by release of funds to states by the central government of India through its Sub-Mission on Agricultural Mechanisation scheme for establishment of farm machinery banks, distribution centers for machines, and custom hiring centers.
Lack of arable land, need of fresh water, and climate change are challenges posed to the market.
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Segmentation of Market Covered in the Research:
By component, the global virtual mobile infrastructure market has been divided into platforms and service. The service segment has been broken down into two sub-segments - professional services and managed services.
Based on deployment, the global virtual mobile infrastructure market has been divided into cloud and on-premise.
Based on organization size, the global virtual mobile infrastructure market has been divided into small- and medium-sized enterprises (SMEs) and large enterprises.
Healthcare Vertical to Net Huge Revenues:
On the basis of vertical, the global virtual mobile infrastructure market has been divided into BFSI, manufacturing, healthcare, IT and telecommunication, government, and others. The healthcare vertical is set to capture a huge revenue share owing to ubiquity of healthcare desktop infrastructure and reliance on smart devices to enable telemedicine. Compliances with HIPAA standards and ample security provided to mobile applications can drive segment growth.
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APAC is touted to lead the global market owing to increased demand for food by the large population residing in China and India coupled with need for sustainable practices. Government support for enabling modern equipment for resident farmers and rising export of cereals from the region can bolster market demand. Indonesia has also vouched for local production of farm equipment with the government setting aside a fund for increasing yields and investing in rice science. Huge demand for tractors and investments to reduce harvest losses can drive the market.
North America has assumed the second position in the virtual mobile infrastructure market owing to huge demand for tractors. Used farm equipment is another niche segment sprouting in the region owing to assurance on these products given by certified preowned programs. In addition, leasing of equipment to farmers in Canada and the U.S. may also bolster market revenues.
COVID-19 Impact on the Global Virtual Mobile Infrastructure Market
The COVID-19 outbreak has affected the supply chain of agriculture equipment which has in extent foiled the plans of procurement of additional arable land for cultivation. Focus of companies for producing crops locally and sell to farm outlets is expected to drive the market demand significantly. New farm laws enabling companies to tie-up with large farmers to gain stocks of viable crops in respect to customer demand may be suitable to the market. This is evident by establishment of centers housing fresh farm produce.
NortonLifeLock, a subsidiary of Norton, has agreed to acquire Avast in order to expand its offerings in mobile security.
Introduction of smart equipment capable of providing accurate metrics on soil quality and other parameters vital for a good harvest can disrupt the virtual mobile infrastructure market. This is exemplified by Caterpillar launching skid-steer loaders with room for attachment for other equipment for multi-tasking purposes. The tools in the machine can recognize new equipment and assign controls accordingly.
Farm monitoring platforms have gained prominence with the evolution of internet of things and use of data for improving farming practices. Recently, FarmMicro has launched a farm control monitoring system, SmartFarm, for allowing farmers overall control of their equipment. Examples of applications are livestock monitoring and control of irrigation gates, rain gauges, and farm gates. The company has even partnered with John Deere to provide real-time data for proving insights into operations.
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