ReleaseWire Connect

TechNavio’s analysts forecast the Global Reconfigurable Optical Add-drop Multiplexer (ROADM) market to grow at a CAGR of 35 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the demand for increased bandwidth. The Global ROADM market has also been witnessing increasing adoption of flexible ROADMs. However, the difficulty faced by vendors in balancing cost and quality could pose a challenge to the growth of this market.

TechNavio’s analysts forecast that the Global PaaS market to grow at a CAGR of 26 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the need to reduce the overall organizational IT service cost. The Global PaaS market has also been witnessing increasing cross-cloud application development activity. However, increasing concerns about data security in cloud applications could pose a challenge to the growth of this market.

TechNavio’s analysts forecast the Global Next Generation Firewall market to grow at a CAGR of 24 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the proliferation of HTTP-based applications. The Global Next Generation Firewall market has also been witnessing increasing demand for offerings with additional security features. However, due to the complex nature of next generation firewalls, the lack of skilled administrators could pose a challenge to the growth of this market.

TechNavio’s analysts forecast the Global M2M Wireless Network Services market to grow at a CAGR of 27.2 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the proliferation of government regulations and standards. The Global M2M Wireless Network Services market has also been witnessing an increasing number of value-added services. However, the lack of communication infrastructure could hinder the growth of this market.

TechNavio’s analysts forecast the Global Integrated RIS-PACS market to grow at a CAGR of 10.2 percent over the period of 2010–2014. One of the key factors contributing to this market growth is government initiatives for electronic storage of patient records. The Global Integrated RIS-PACS market has also been witnessing increasing investments by hospitals in bundled product offerings. However, the lack of skilled staff in the Integrated RIS-PACS market could hinder the growth of this market.

TechNavio’s analysts forecast the Global Smart Grid Optimization Solutions market to grow at a CAGR of 40.7 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the optimization of Volt/VAR. The Global Grid Optimization Solutions market has also been witnessing an increase in government funding. However, desynchronized power systems could pose a challenge to the growth of this market.

TechNavio’s analysts forecast the Global Dynamic Application Security Testing (DAST) market to grow at a CAGR of 33.5 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the increasing dependence on web applications and the increasing number of web application-specific attacks. The DAST market has also been witnessing integration of DAST with SAST to form hybrid security testing solutions. However, the inability to address the root cause issue, i.e., code errors, could pose a challenge to the growth of this market.

TechNavio’s analysts forecast the Global Distributed Control Systems (DCS) Software market to grow at a CAGR of 3.4 percent over the period of 2010–2014. One of the key factors contributing to this market growth is customers’ migration strategy. The Global DCS Software market has also been witnessing advanced control and optimization solutions. As SCADA product vendors offer extended DCS services, it is vital that DCS vendors differentiate their products from those of SCADA vendors; inability to do so could pose a challenge to the growth of this market.

TechNavio’s analysts forecast the (CFD) market to grow at a CAGR of 16.5 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the increasing adoption of simulation techniques. The Global CFD market has also been witnessing availability of CFD in the cloud. However, the growing popularity of open source CFD solutions could pose a challenge to the growth of this market.

TechNavio’s analysts forecast the Global Computational Fluid Dynamics (CFD) Software for Automotive market to grow at a CAGR of 18 percent over the period of 2010–2014. One of the key factors contributing to this market growth is the increasing demand from the Manufacturing industry for CFD software to create reliable and functional products. The Global CFD Software for Automotive market has also been witnessing the emergence cloud-based CFD Software. However, the increasing threat of open source CFD software could pose a challenge to the growth of this market.