Technology
Data Analytics Market to grow by USD 288.7 Billion (2025-2029), the extensive use of modern technology in company operations boosts the market, Report with market evolution powered by AI – Technavio
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4 weeks agoon
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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global data analytics market size is estimated to grow by USD 288.7 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 14.7% during the forecast period. Extensive use of modern technology in company operations is driving market growth, with a trend towards prevalence of internet and increased use of linked and integrated technologies. However, integration of data from different sources poses a challenge. Key market players include Alteryx Inc., Amazon.com Inc., Datameer Inc., Dell Technologies Inc., Fair Isaac Corp., Google LLC, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Mu Sigma, Oracle Corp., Rapidops Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Teradata Corp., ThoughtSpot Inc., TIBCO Software Inc., and Zoho Corp. Pvt. Ltd..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF
Data Analytics Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 14.7%
Market growth 2025-2029
USD 288.7 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
12.5
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
APAC at 38%
Key countries
US, Germany, UK, Canada, France, China, Brazil, Japan, India, and South Korea
Key companies profiled
Alteryx Inc., Amazon.com Inc., Datameer Inc., Dell Technologies Inc., Fair Isaac Corp., Google LLC, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Mu Sigma, Oracle Corp., Rapidops Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Teradata Corp., ThoughtSpot Inc., TIBCO Software Inc., and Zoho Corp. Pvt. Ltd.
Market Driver
The data analytics market is experiencing significant growth with key players like Orbital Insight, Carahsoft Technology Corp, Google, and others leading the way. Orbital Insight provides satellite imagery and data analytics for trade markets, while Carahsoft offers data analytics tools for government agencies and healthcare data research. Google’s TerraScope offers traffic trend and demand forecasting for various sectors including e-commerce, banking, and IT services. Google’s GA4 and Google Ads campaigns provide cross-product access management for advertising and customer service analytics. Data security concerns continue to be a focus with the rise of big data and the use of social media platforms for marketing strategies. Predictive, prescriptive, and descriptive analytics are essential for businesses to gain insights into customer behavior and differentiate from competitors. New business prospects include text analytics, social media, and mobile technology. Real-time security is crucial to prevent data loss incidents and cyberattacks. The market is also seeing opportunities in procurement efficiency, enterprise resource planning, supply chain management, human resource management, database management, and cloud or on-premises solutions. Mobile technology, including internet-connected mobile devices like smartphones and tablets, is driving the consumption of data. Unstructured data and analytical tools are essential for businesses to make informed decisions and improve business processes. The market is expected to continue growing with the increasing use of data analytics in various industries.
The proliferation of the Internet and advanced Internet services have led to a substantial increase in data generation. Globalization and economic expansion are key drivers of this trend, as more touchpoints emerge and organizations seek to understand consumer behavior. This has resulted in a growing need for data collection and analysis. Consequently, companies are hiring data scientists and analysts to manage and derive insights from their expanding data sets. Additionally, the potential for revenue generation through data analytics is a significant motivator for adoption.
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The data analytics market is experiencing significant growth as businesses and organizations across various industries, including trade markets, healthcare, government agencies, banking, e-commerce, IT services, and more, seek to gain valuable insights from their data. Companies like Orbital Insight and Carahsoft Technology Corp are leading the way with innovative data analytics tools for forecasting trends in industries like trade and traffic. Google, with its GA4 and Google Ads campaigns, offers powerful data analytics capabilities for marketing and customer service. However, challenges persist in managing cross-product access, ensuring data security, and addressing data security concerns, particularly in relation to social media platforms and mobile technology. Big data market trends include the use of predictive and prescriptive analytics, text analytics, and real-time security. New business prospects lie in areas like fraud and security intelligence, data mining, and supply chain management. Data consumption is on the rise, driven by the increasing use of internet-connected mobile devices like smartphones and tablets. Cloud and on-premises solutions offer different advantages, and businesses must consider their specific needs when choosing a data analytics solution. Procurement efficiency and corporate growth are key opportunities for businesses in this market.Businesses today rely on extracting valuable insights from data to make informed decisions, reduce risks, and identify key consumer segments. However, collecting and consolidating data from various sources can be challenging for large corporations. Data exchanges and ecosystems offer solutions by enabling the centralized analysis of acquired data and ensuring data accuracy. The implementation and evolution of these tools vary based on the perceived value of data for different client groups. By utilizing data interchange and ecosystems, companies can effectively manage and leverage their data assets for optimal business performance.
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This data analytics market report extensively covers market segmentation by
Component 1.1 Services1.2 Software1.3 HardwareDeployment 2.1 Cloud2.2 On-premisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America
1.1 Services- In the Data Analytics Market, the Services segment is expected to experience significant growth during the forecast period. This growth can be attributed to the implementation and integration of service-oriented architectures (SOAs), which enable the seamless integration of applications. SOAs characterize services as logical representations of repetitive operations with specific outcomes. These services are self-contained, with interfaces that define how data is communicated. Additionally, the importance of effective customer service cannot be overstated. The Training and Support service segment ensures that employees are equipped with the necessary skills and knowledge to enhance customer satisfaction. This includes roles such as customer service agents, sales engineers, and field service technicians. Furthermore, Consulting services, which provide professional services like implementation, configuration, custom development, and training, contribute to the market’s growth. Overall, these factors underscore the importance of services in the Data Analytics Market.
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The Data Analytics market is experiencing exponential growth due to the increasing demand for data-driven insights across various industries. This market encompasses solutions for forecasting trends in trade markets, healthcare data, and research analysis, among others. Orbital Insight and TerraScope are notable players in this space, offering advanced analytics tools for traffic trend forecasting and demand forecasting, respectively. Google, with its GA4 and Google Ads campaigns, is a major player in digital advertising and data analytics. Cross-product access management is a crucial aspect of data analytics, ensuring secure access to data for IT services, government agencies, banking, e-commerce, and other sectors. Data security concerns are a top priority, driving the need for advanced data analytics tools and social media analytics for platforms like Google Ads and social media. The big data market continues to expand, fueled by the growing demand for email campaigns, customer service analytics, and e-commerce sector insights.
The Data Analytics market is experiencing exponential growth due to the increasing demand for insights from various sectors such as trade markets, healthcare, research analysis, government agencies, banking, e-commerce, IT services, and more. Data analytics tools are being used for forecasting trends in traffic, demand, and consumer behavior, providing valuable insights for advertising campaigns, product promotions, and business processes. The market encompasses various types of analytics including Predictive, Prescriptive, Descriptive, Customer, Data Management, Fraud & Security Intelligence, Data Mining, Data Monitoring, and Text analytics. Mobile technology, including internet-connected mobile devices like smartphones and tablets, is driving new business prospects in the big data market. However, with the increasing consumption of data comes data security concerns. Real-time security measures are essential to prevent data loss incidents and cyberattacks. Cloud and on-premises solutions offer different advantages, and the choice between them depends on the specific needs of the organization. Key market opportunities include cross-product access management, social media analytics, email campaigns, customer service analytics, and enterprise resource planning. Supply chain management, human resource management, database management, and various other business processes are also being transformed through data analytics. Overall, the data analytics market is a dynamic and evolving landscape, offering numerous opportunities for innovation and growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ComponentServicesSoftwareHardwareDeploymentCloudOn-premisesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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MiTAC Computing Launches Next-Generation Servers Powered by Intel Xeon 6 with P-core Processors – Unleashing Breakthroughs in AI, Cloud, and Compute-Intensive Workloads
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February 24, 2025By
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NEWARK, Calif., Feb. 25, 2025 /PRNewswire/ — MiTAC Computing Technology Corporation, a leading server platform design manufacturer and a subsidiary of MiTAC Holdings Corporation (TSE:3706), today announced the launch of its latest server systems and motherboards powered by the latest Intel Xeon 6 with P-core processors. These industry-leading processors are designed for compute-intensive workloads, providing up to twice the performance for the widest range of workloads including AI and HPC.
Driving Innovation in AI and High-Performance Computing
“For over a decade, MiTAC Computing has collaborated with Intel to push the boundaries of server technology, delivering cutting-edge solutions optimized for AI and high-performance computing (HPC),” said Rick Hwang, President of MiTAC Computing Technology Corporation. “With the integration of the latest Intel Xeon 6 P-core processors our servers now unlock groundbreaking AI acceleration, boost computational efficiency, and scale cloud operations to new heights. These innovations provide our customers with a competitive edge, empowering them to tackle demanding workloads with superior empower our customers with a competitive edge through superior performance and an optimized total cost of ownership.”
“With increased core counts, faster memory, and AI acceleration in every core, Intel Xeon 6 with P-core processors deliver the performance required to address demanding AI challenges from the edge to the data center and cloud,” said Ronak Singhal, Intel Senior Fellow, Xeon Products. “These processors are optimized for high performance per core, providing unmatched performance compared to any other general-purpose CPU for compute-intensive workloads like AI, HPC, and data services.”
Leadership Server Performance with Intel Xeon 6 with P-core Processors
MiTAC’s new servers support Intel Xeon 6700P/ 6500P series processors, offering up to 86 cores and 88 PCIe 5.0 lanes. Designed for mainstream enterprise applications, the 6700P/ 6500P expands to an 8-channel memory architecture and supports up to 64 CXL 2.0 lanes. This modular SoC architecture enables businesses to leverage a shared platform optimized for both performance and efficiency-driven workloads.
MiTAC’s Next-Generation Server Portfolio
AI & HPC Servers
G4520G6: A powerful 4U dual-socket Intel Xeon 6 server optimized for AI and HPC workloads. It supports up to eight GPUs, 8TB of DDR5 RDIMM memory across 32 slots, and extensive expansion with eleven PCIe 5.0 x16 slots and eight hot-swap U.2 drive bays, making it ideal for accelerator-assisted computing applications.General Compute ServersR1520G6: A 1U server system supporting dual Intel Xeon 6 with P-core processor. It features 10 hot-swap, tool-less NVMe U.2 drive bays, delivering high-speed storage performance for real-time data processing, virtualization, and high-frequency trading.R2520G6: A 2U dual-socket Xeon 6 server system designed for in-memory computing, offering up to 8TB of DDR5 memory, five PCIe 5.0 x16 slots, and flexible storage options for U.2 and E1.s SSDs.Storage ServersR2513G6: A 2U single-socket storage server supporting twenty-four 3.5″ SATA drives, two 2.5″ NVMe drives, and eight DDR5 memory slots, integrated with a SAS RAID card for enhanced storage management.Server-Grade MotherboardSC513G6: A single-socket AI server motherboard in a standard CEB form factor, designed for multiple GPU card deployments. It features 8 DDR5 RDIMM slots, 5 PCIe 5.0 x16 slots, 2 NVMe M.2 slots, and with dual 25GbE and one GbE ports onboard.
Empowering Businesses with Scalable, Future-Ready Solutions
The latest MiTAC server platforms, powered by Intel Xeon 6 P-core processors, deliver exceptional performance, quality, and reliability to support a wide range of workloads, from AI to the most demanding cloud environments. As industries increasingly embrace AI, cloud computing, and edge technologies, MiTAC Computing remains committed to providing innovative server solutions aligned with the latest advancements in processor technology. With the Intel Xeon 6 platform unlocking new possibilities, MiTAC is dedicated to delivering cutting-edge systems tailored to the evolving demands of diverse workloads and vertical markets.
About MiTAC Computing Technology Corporation
MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, highly customizable, and energy-efficient server solutions backed by over 20 years of industry expertise. Specializing in cloud, AI, and edge computing, MiTAC Computing provides tailored platforms for hyperscale data centers, HPC, and AI applications, ensuring optimal performance and scalability.
With a global presence and end-to-end capabilities—from R&D and manufacturing to global on-site support—MiTAC Computing offers flexible, high-quality solutions that meet unique business needs. Leveraging the latest advancements in AI and liquid cooling, along with the recent integration of Intel DSG products, MiTAC Computing stands out for its innovation, efficiency, and reliability, empowering businesses to meet future challenges.
MiTAC Computing Technology Corporation website: https://www.mitaccomputing.com/
Intel, the Intel logo, and other marks are trademarks of Intel Corporation or its subsidiaries.
SOURCE MiTAC Computing Technology Corp.
Technology
Radio Modem Market Surges to USD 1.93 Billion by 2030, Propelled by 7.2% CAGR – Verified Market Reports®
Published
57 minutes agoon
February 24, 2025By
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Verified Market Reports® is pleased to announce the release of its latest in-depth study on the Global Radio Modem Market, offering a strategic analysis of market dynamics, competitive landscape, and emerging opportunities. As industries increasingly adopt wireless communication solutions, this report provides essential insights for key stakeholders looking to capitalize on the growing demand for robust, high-performance radio modems.
LEWES, Del., Feb. 24, 2025 /PRNewswire/ — The Global Radio Modem Market is projected to grow at a CAGR of 7.2% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 1.18 Billion in 2023 and is expected to reach USD 1.93 Billion by the end of the forecast period.
The radio modem market is primarily driven by the increasing demand for reliable and secure wireless communication across various industries, such as military, transportation, oil and gas, and remote monitoring. The rise in automation, the need for real-time data transmission, and the expansion of IoT applications further propel the market. Additionally, advancements in technology, such as higher data rates, low power consumption, and enhanced security features, are contributing to the growth of radio modems. However, the market faces challenges such as the high initial cost of equipment and installation, which may limit adoption in smaller enterprises. The complexity of integrating radio modems with existing infrastructure and the potential for regulatory hurdles in certain regions also restrain market growth. Additionally, competition from alternative wireless communication technologies, like Wi-Fi and cellular networks, may pose a threat to the dominance of radio modems in specific applications.
Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=43340
Browse in-depth TOC on Radio Modem Market
202 – Pages
126 – Tables
37 – Figures
Scope of The Report
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2023
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Digi, Campbell Scientific, SATEL, RACOM, RF DataTech, Raveon Technologies, Advantech B+B SmartWorx, Westermo, Warwick Wireless, ATIM, Radiometrix Ltd, ADEUNIS RF
SEGMENTS COVERED
By Type, By Application, By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
Global Radio Modem Market Overview
Market Drivers Fueling Growth in the Radio Modem Market
1. Increasing Demand for Reliable Wireless Communication
One of the primary drivers of growth in the radio modem market is the growing need for reliable and secure wireless communication in sectors such as defense, transportation, and remote monitoring. Radio modems provide long-range communication capabilities, making them ideal for environments where traditional communication networks are unreliable or unavailable. Industries that rely on continuous data transmission, such as oil and gas exploration or smart grid systems, require robust communication solutions, further driving the demand for radio modems. As these industries expand and modernize, the need for high-performance wireless communication systems will continue to boost the market.
2. Advancements in IoT and Automation
The rapid expansion of the Internet of Things (IoT) and automation technologies is significantly fueling the growth of the radio modem market. These technologies rely on seamless, real-time data transmission between devices, and radio modems play a crucial role in ensuring reliable communication, particularly in remote or industrial environments. As IoT applications expand in fields like agriculture, transportation, and manufacturing, the demand for radio modems to enable efficient and secure communication between devices is surging. Additionally, automation systems in sectors like logistics and utilities require dependable communication networks, further increasing the need for high-quality radio modems.
3. Technological Advancements and Improved Features
The continuous advancements in radio modem technology are driving their adoption across various industries. Modern radio modems are now equipped with features such as higher data transfer rates, low power consumption, and enhanced encryption for improved security, making them more appealing for mission-critical applications. These innovations help address the growing demands for faster, more reliable communication networks, especially in areas with limited infrastructure. As businesses look to adopt the latest technologies to improve operational efficiency and data security, the enhanced performance and versatility of radio modems are becoming increasingly attractive, thus fueling market growth.
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Market Restraints Limiting Expansion in the Radio Modem Market
1. High Initial Costs
One of the key restraints limiting the growth of the radio modem market is the high initial cost associated with the purchase and installation of radio modems. These devices, especially those designed for industrial or military applications, can be expensive due to their advanced technology, durability, and specialized features. For smaller enterprises or regions with limited budgets, this high upfront investment can be a significant barrier. Additionally, the cost of setting up infrastructure to support radio modems, including antennas and other supporting systems, can further discourage widespread adoption.
2. Integration Challenges
Integrating radio modems into existing communication infrastructure can be complex and time-consuming. Many businesses face challenges when trying to incorporate radio modems into legacy systems, particularly in industries with older technologies. The need for specialized technical knowledge and the potential for compatibility issues between different equipment types can slow down the adoption process. This complexity in integration can lead to delays and increased costs, ultimately hindering the overall expansion of the radio modem market.
3. Competition from Alternative Wireless Technologies
The radio modem market faces significant competition from other wireless communication technologies, such as Wi-Fi, cellular networks, and satellite communication systems. These alternative technologies are often seen as more cost-effective and easier to deploy in urban environments where radio modems might not offer significant advantages in terms of performance or coverage. As cellular and Wi-Fi networks continue to improve in speed and reliability, some industries may opt for these solutions over radio modems, particularly in applications that don’t require long-range communication. This competition from alternative technologies may limit the market share and growth potential of radio modems.
Geographic Dominance
The global radio modem market is experiencing significant growth, with North America, Europe, and Asia-Pacific leading the charge. North America, particularly the United States, holds a dominant position due to its advanced infrastructure, widespread adoption of IoT technologies, and high demand for secure communication systems in industries like defense, energy, and transportation. Europe is also a key contributor, driven by the increasing implementation of automation and smart technologies across sectors such as manufacturing and utilities.
The Asia-Pacific region, led by countries like China and India, is seeing rapid expansion due to rising industrialization, urbanization, and the growing adoption of IoT solutions. The region’s increasing investments in infrastructure and technological advancements further support the demand for radio modems. Meanwhile, the Middle East and Africa are emerging markets, with significant growth potential driven by new infrastructure projects and the need for secure communication systems in industries like oil and gas. As the global demand for reliable, long-range communication systems rises, the radio modem market is set to expand across both developed and developing regions, with opportunities growing across multiple sectors worldwide.
Radio Modem Market Key Players Shaping the Future
Major players, including Digi, Campbell Scientific, SATEL, RACOM, RF DataTech, Raveon Technologies, Advantech B+B SmartWorx, Westermo, Warwick Wireless, ATIM, Radiometrix Ltd, ADEUNIS RF and more, play a pivotal role in shaping the future of the Radio Modem Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.
Radio Modem Market Segment Analysis
Based on the research, Verified Market Reports® has segmented the global Radio Modem Market into Type, Application and Geography.
By Type
License-free frequencyUHFWi-FiVHF
By Application
Government & DefenseTransportationElectronic and ElectricityMining & Oil
Radio Modem Market, By Geography
North AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America
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Procare Solutions Welcomes Joe Gomes as CEO to Drive the Next Phase of Growth
Published
57 minutes agoon
February 24, 2025By
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DENVER, Feb. 24, 2025 /PRNewswire/ — Procare Solutions, a leading provider of child care management software, announced today that Joe Gomes will join Procare Solutions as its new President and CEO.
“We are thrilled to welcome Joe Gomes as the new CEO of Procare Solutions,” said Harold Flynn, Senior Vice President, Group Executive at Roper Technologies. “Joe is a proven leader within the Roper Technologies portfolio, and his passion for driving results, building impactful teams and delivering customer-centric solutions makes him the right leader to take the company into its next phase of growth.”
Gomes brings a 25-year track record of leadership and experience to Procare Solutions. Most recently, Gomes served as President and CEO at PowerPlan, a Roper Technologies business that is a leading provider of financial software for asset-intensive industries. For over six years, he led the company through transformational growth, guiding it in developing solutions that account for over $4 trillion in infrastructure. Previously, Gomes served as President and CEO at IPA, a leading healthcare technology provider and Roper Technologies business. Prior to IPA, Gomes held various leadership positions at MedAssets, WebMD and Eli Lilly & Company. He earned a bachelor’s degree in business administration from Auburn University and a Master of Business Administration from Harvard Business School.
At Procare Solutions, Gomes will take on the critical task of advancing the company’s mission to deliver solutions that support the care, safety and education of children. By leveraging his extensive experience, he will play a vital role in shaping the company’s strategic direction and retaining its position as a market leader in the industry.
“I’ve long admired Procare Solutions for its 30-year history and dedication to empowering child care professionals,” Gomes said. “It’s an exciting time to join the company, and I’m looking forward to exploring the incredible opportunities ahead. Together with the talented Procare team, we will continue delivering industry-leading solutions while finding new ways to serve our customers.”
About Procare Solutions
For over 30 years, Procare Solutions has been dedicated to empowering early childhood educators by providing products and services that enable them to focus on the care, safety and education of children. We recognize the responsibility that comes with nurturing and educating children, which is why our child care management solutions are designed to automate business processes, help ensure safety and compliance, communicate with families and provide educational resources and training to help teachers and children thrive.
Over 40,000 satisfied customers have chosen Procare Solutions as their trusted partner in providing exceptional care for young minds.
Procare Solutions is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500 and Fortune 1000. For more information about Procare Solutions and its offerings, please visit ProcareSolutions.com.
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SOURCE Procare Solutions
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Radio Modem Market Surges to USD 1.93 Billion by 2030, Propelled by 7.2% CAGR – Verified Market Reports®
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Procare Solutions Welcomes Joe Gomes as CEO to Drive the Next Phase of Growth
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New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package
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Huawei Launches Global City Intelligent Twins Architecture to Accelerate City Digital Transformation
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Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
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Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
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NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
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