Testing, Inspection and Certification Market - Long-Lasting Trend Market

Global Testing, Inspection and Certification Market: Snapshot

The global testing, inspection and certification market is experiencing growth owing to the factors such as increased outsourcing of testing, inspection & certification services and diversified requirement of products and standard regulations. Regulations pertaining to quality, health and environment safety have become stringent in the recent past which is driving the demand for these services. Apart from this, end-user demand seeking third party assurance and improved risk awareness and focus on risk prevention are also the major factor which are expected to boost the demand for testing, inspection and certification services across the globe.

Furthermore, increasing trade between countries as a result of globalization has also impacted the growth of this market positively. Considering these positive factors, the demand for testing, inspection, and certification services is set to rise during the forecast period from 2017 - 2025. The global testing, inspection and certification market was valued at US$184,545.5 mn in 2016 and is anticipated to expand at a CAGR of 5.8 % from 2017 to 2025.

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Energy and Utilities Sector to Present Promising Rise in Demand

The global testing, inspection and certification market is segmented on the basis of criteria such as service type, sourcing type, and industry. By type, the market is categorized into testing and inspection and certification. Among these, the testing and inspection segment is presently the most promising in terms of revenue opportunity and is expected to fuel the growth of this market over the forecast period.

Based on sourcing type, the market is segmented into in-house sourcing and outsourcing. Furthermore, the key industries that utilize TIC services covered in the report include infrastructure and construction, transformational and contract manufacturing, food and beverages, agriculture and forest, information technologies, chemical, healthcare & pharmaceutical, transportation and logistics, travel and tourism, energy and utilities, water and wastewater management, government, education, textile, and cosmetics. Among these, the infrastructure and construction and energy and utilities are the leading segments and are expected to enhance the growth of the market around the globe. The energy and utilities sector was the largest contributor in the testing, inspection, and certification market in 2015 and is expected to retain its position throughout the forecast period.

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Europe to Maintain lead, Emerging Economies to Remain Most Promising

Emerging nations possess huge potential for the development of the testing, inspection, and certification market. The volume of goods being exported from emerging countries to developed countries has increased drastically in the recent past and trends suggest that there has been an increasing focus among western companies to control the entire value chain. The goods exported must conform to the relevant western standards. Moreover, the expansion of the middle class especially in the BRIC countries has resulted in people becoming more health conscious. People are becoming choosier about the food they consume and often prefer food that is certified. Furthermore, demand for water, energy, and consumer goods is growing with the improvement in the economic situation and a higher disposable income.

However presently, the testing, inspection and certification market in Europe is the leading revenue generator, chiefly owing to the presence of stringent regulations and guidelines in various industries such as food and beverages, oil and gas, infrastructure and construction, cosmetics, water and wastewater management, and transportation. European customers are well aware of the benefits associated with testing, inspection and certification services.

Some of the leading players in the global testing, inspection, and certification market are Intertek Group PLC, Bureau Veritas SA, SGS Group, ASTM International, ALS Ltd., TUV SUD AG, DNV GL Group AS, AsureQuality Ltd., Underwriters Laboratories Inc, Dekra SE, Lloyd's Register Group Limited, and TÜV Rheinland Group. 

MANUFACTURING EXECUTION SYSTEM (MES) MARKET - GROWTH AND STATUS EXPLORED IN A NEW RESEARCH REPORT

Manufacturing Execution System (MES) Market: Snapshot

The manufacturing process involves multiple operations, industries are implementing various planning systems such as enterprise resource planning (ERP) or equivalent to decide what products are to be manufactured. After completion of the planning stage, manufacturers determine resources that are currently available in stock for execution of the manufacturing plan. The primary function of MES software includes integration of data or inputs from the planning system and information from plant floors to execute the production plan accordingly. MES software application primarily provides manufacturers with schedule, planning, tracking, analyzing and control of the manufacturing operations. The market for manufacturing execution system is forecast to grow to US$ 18,067.9 Mn by 2025, recording a CAGR of 11.2% for the period 2017 to 2025.

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Improved economic conditions globally have put pressure on manufacturing industries to increase effectiveness of production processes. This in turn is leading to increasing demand for automation within industries, aimed at optimizing production techniques and ensuring product quality. The global MES market is anticipated to grow significantly during the forecast period, attributed to demand for improving productivity and executing complex production processes efficiently. In addition, need for regulatory compliances in highly regulated industries such as food and beverages and pharmaceuticals is driving the demand for automation, which in turn is boosting the growth of the MES market across the globe. Moreover, demand for paperless operations from manufacturing industries in developing countries such as China, India and Brazil is further expected to drive the growth of MES market during the forecast period.

However, requirement of high initial investment for installation of manufacturing execution systems is a major restraint to the growth of global MES market. Moreover, complexities in installation of manufacturing execution systems is also inhibiting the growth of the market.

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A key trend boosting market growth, is the popularity of cloud-based MES deployments in discrete industries. Cloud-based MES-as-a-service is likely to be the next logical step in the evolution of automation technology in process industries. Such technological advancements have led to integration of MES with ERP and product lifecycle management (PLM) solutions. Moreover, growing popularity of open source MES, which provides an alternative to expensive in-house design and reduces upfront development costs. Thus, with rising MES-as-a-service, PLM+MES+ERP systems and open source MES solutions are expected to provide ample of growth opportunities for the market

Manufacturing execution system market is segmented on the basis of process industry, discrete industry and components. Based on process industry, the market is further segmented into oil & gas, chemical, food & beverages, pulp & paper, pharmaceutical, energy & power and water & wastewater treatment. Based on discrete industry, the market is segmented into automotive, aerospace & defense, electronics & electrical, medical devices, metal & mining and FMCG. On the basis of components, the market is segmented into software and services. Software segment is further bifurcated into cloud and on-premise. Whereas, services segment is bifurcated into consulting, integration and maintenance services.

Advancements in industrial internet of things (IIoT) is offering new opportunities for key players operating in the global MES market. IoT is facilitating advancements in industrial mobility, cloud computing and big data analytics. This in turn is leading to emergence of next-generation MES solutions enabled with real time data analysis.

Attracted by this fast expanding market and underlying technological advancements, leading to integration of MES with ERP and product lifecycle management (PLM) solutions, many players are driven to develop comprehensive suite of solutions and services for manufacturing industry. There is a rush of companies across industries to strengthen their foothold in the manufacturing execution system market. For instance, in 2017, Atos SE launched a comprehensive suite of solutions, built for SAP HANA’ which enables manufacturers to dramatically improve production uptime and efficiency, while lowering maintenance costs. However, existing software providers are rapidly increasing their distribution network in order to reach most distant customers. Moreover, existing software providers are rapidly increasing their distribution network in order to reach most distant customers. Some of the key players profiled in the MES market report include ABB Ltd., Honeywell International Inc., General Electric Company, Schneider Electric S.E., Dassault Systems SA, Emerson Electric Co., General Electric Co., IQMS, SAP SE, HCL Technologies Limited, Yokogawa Electric Corporation, Atos SE, Prolink Solutions, Sage Automation, OpMetrik and Siemens AG among others.

IT Robotic Automation Market | Scale Your Capabilities While Saving Time And Money With Robotic Automation

IT Robotic Automation Market - Snapshot

The global IT robotic automation market was valued at US$ 1,108.4 Mn in 2017 and is expected to expand at a CAGR of 28.1% during forecast period from 2018 to 2026. Organizations that are investing on labor on a large scale are likely to boost their capabilities while saving time and money with robotic automation. Robotic automation has revolutionized the way to administer business processes, IT management and support processes, workflow processes, and back-office work. Furthermore, automation enables improvements in accuracy and increased productivity in process transaction while elevating the nature of work by eliminating employees from doing dull and repetitive tasks.

IT robotic automation can be utilized in a wide range of industry sectors to improve production rates while not hampering the quality. The factors leading to the expanding adoption of robotic automation includes reduction of cost and enhanced efficiency offered by robotic automation over manual processes in the IT industry. Robotic automation has observed significant adoption across various IT applications such as business process outsourcing (BPO) management, infrastructure management, and application management due to these benefits. Furthermore, growing implementation of cloud-based solutions is likely to boost the IT robotic automation market during the forecast period. Also, organizations are seeking alternate technologies to address the challenges arising from dynamic environments. Ever growing complexities in IT operations and management demanding the need for robotic interference is another factor fueling the growth of the IT robotic automation market.

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Although there are factors supporting the growth of the market, increased security concerns of the technology is impacting the growth of the market. Additionally, existing outsourcing contracts in the BPO sector is hampering the adoption of IT robotic automation due to complexities involving long contract durations.

The report categorizes the IT robotic automation market into three major segments and their sub – segments. The IT robotic automation market is categorized into tools and services. The tools are further segmented into model based tools and process based tools. Services are segmented intoprofessional and training services. There are three more categories of professional services which includes consulting, integration and development, and BPO.

North America remained the dominant region in the IT robotic automation market in 2017.The region accounted for almost one-third of the global market revenue share and is expected to continue its leading position throughout the forecast period. This is due to the fact that a large number of mid-sized and small enterprises are leaning toward automation software. Europe captured the second largest market share in 2017. Asia Pacific witnessed significant growth in 2017, buoyed by rising adoption rate of digitalization and automation over the years. Factors such as different regulatory compliances and limited availability of efficient infrastructure are seen as key reasons for the potential growth slag.

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IT services providers are looking forward to leverage robotic process automation to enhance their capabilities and sustain in the competitive IT industry. Time savings and reduction in operational cost particularly are major factors while responding to the evolving consumer needs and these are key factors impacting the overall growth of IT enterprises.

The major providers of IT robotic automation solutions include Blue Prism, Be Informed B.V., Appian, IPSoft, Inc., Tata Consultancy Services Limited., Infosys Limited, Cognizant Technology Solutions Corp., Atos SE, Capgemini, Genfour, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., and UiPathSRL. As the need for more interactive and user friendly automation solutions increases in future, the market is likely to witness wider changes with intense competition. Furthermore, owing to tight training and development budgets, organizations prefer cost-effective solutions to offer training resources, thus enabling substantial growth opportunities in developing regions in the coming years.

POS Terminal Market - A Comparative Analysis of Retail Checkout Environments

Global POS Terminal Market: Snapshot

The global POS terminal market is growing at a healthy pace in the last few years. The rising adoption across diverse sectors and the increasing awareness among consumers related to the benefits it offers are projected to encourage the development of the market in the coming few years. Furthermore, the key focus on advancements and innovations is expected to offer growth opportunities for the players in the near future. The advent of real-time analytics functionalities is expected to act as a major opportunity for the development of the POS terminal market in the coming years.

As per the market intelligence report by Transparency Market Research, in 2016, the global market for POS terminal was worth US$54.68 bn. The market is estimated to register a promising 11.50% CAGR between 2017 and 2025.

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Increasing Adoption by Small-size Retailers to Encourage Market Growth

The growing demand for cost-effective technologies in order to manage the inventories and payments in large end-user industries, including healthcare, retail, hospitality, and warehouse and distribution is the major factor augmenting the growth of the global POS terminal market in the coming years. In addition to this, the growing need for user-friendly, secure, and convenient payments in diverse application segments is another key factor encouraging the market growth. The rising adoption of POS terminals in the hospitality and retail sector is further estimated to drive the global POS terminal market in the near future.

The small-size retailers in several developing nations are adopting the POS terminals for secure and convenient payment options, thus driving the overall market. Moreover, the rising demand for wireless and mobile POS terminals among the small-size and medium-size businesses, owing to the affordability is further projected to accelerate the market growth in the coming few years. Furthermore, the growing popularity of POS terminals in warehouses and the growing need for advanced software in order to prevent frauds are considered to offer lucrative opportunities for players in the next few years.

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North America to Lead Global POS Terminal Market 

From a regional perspective, North America is expected to hold a major share of the global POS terminal market and register a promising growth rate in the coming few years. The rapid development of the entertainment and retail sector is considered as the key factor that is encouraging the growth of the North America market. In addition to this, the increasing rate of adoption of POS terminals among small retailers and quick service restaurants is likely to support the market growth in the next few years. On the other hand, Asia Pacific holds immense growth potential, thanks to which the key players are emphasizing on the developing nations in this region, thus supporting the growth of the market.

The global POS terminal market is moderately fragmented in nature with several players operating in it around the world. The competition in this market is expected to build up in the coming years, thanks to the rising number of new entrants and software vendors. The rising focus of the key players on the development of advanced technologies is expected to help the companies in gaining the competitive edge and enhance their penetration worldwide. Some of the key players engaged in the POS terminal market across the globe are Samsung Electronics Co. Ltd., Toshiba Corporation, MICROS Systems Inc., Panasonic Corporation, NEC Corporation, NCR Corporation, Cisco Systems Inc., Hewlett-Packard Company, VeriFone Systems Inc., Ingenico S.A., and PAX Technology Limited.

Smart Water Management Market- Revenue Uphill by Companies ET Water Systems LLC, Schneider Electric SA, Evoqua Water Technologies

The demand within the global market for water management has been rising on account of a growing awareness about depleting water reserves across the globe. Several organisations and international campaigns have been focusing on educating and informing people about the need to conserve water. Several regions in Africa have suffered from acute shortage of water in recent times, and this has compelled several international organisations to develop workable systems for water management. Furthermore, regions that have abundant water resources have also taken lessons from recurring cases of water shortage and have taken vital steps to secure their future. Owing to these factors, the demand within the global market for water management has risen to new heights over the past decade.

It is safe to estimate that the efforts of the UN and other recognized organisations to promote water conservation across the globe would have a positive impact on the global market. Furthermore, despite the presence of abundant water resources in several regions, sources of potable water are still scanty in these regions. This has led the governments and other entities to deploy means of water conservation and management in recent times.

A report by Transparency Market Research (TMR) predicts that the global market for water management would expand at a CAGR of 17.70% over the period between 2013 and 2019. Furthermore, the report forecasts that the global market for smart water management would touch a value of US$15,232.6 mn by 2019-end.

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Hardware Components to Attract Tremendous Demand

Based on the type of component used for smart water management, hardware components have attracted the highest demand due to their effectiveness and enhanced performance. Automated meter reading systems have become extremely popular as they help in staying in control of the available water resources. Furthermore, Internet if things (IoT) and Artificial Intelligence have also emerged as key technologies that have overhauled the smart water management market in recent times. It is projected that the quest of the industrial sector to manage costs and avoid financial crunches would give an impetus to the growth of the global market for smart water management. Based on meter-reading technology, cellular technology and fixed technology are the two main segments, and the former has attracted a greater demand as against the latter.

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North America to Emerge as a Market Leader

On the basis of geography, the market for smart water management in North America is projected to expand at a boisterous rate. This is due to the prolific efforts of environmentalists in the US and Canada, and a sense of responsibility towards water conservation amongst the masses. Furthermore, the rising population in India and China has compelled the government to deploy smart water management systems for a liveable future. Moreover, several international organisations have invested in Asia Pacific in order to enhance the prospects of water management in the region. It is expected that the presence of several key players for smart water management in Europe would bode well for the regional market.

Some of the key players in the global market for smart water management are ET Water Systems LLC, Schneider Electric SA, Evoqua Water Technologies, General Electric Co., i2O Water Ltd.,  TaKaDu Ltd., Itron Inc., IBM Corp., and Arad Metering Technologies.

Rise in Intelligent Virtual Assistant Market- Go Beyond Chatbots

Global Intelligent Virtual Assistant Market: Snapshot 

Social media is playing an important role in the development of the global market for intelligent virtual assistants. The expanding traffic on social media platforms are prompting players to offer improved features on their sites and applications and thus, these players are banking on intelligent virtual assistants. 

According to a report by Transparency Market Research (TMR), the global intelligent virtual assistant market for is expected to proliferate at a remarkable 32.8% CAGR from 2016 to 2024, reaching a valuation of US$7.9 bn by 2024 from US$627.7 mn in 2015. The sweeping shift from analog to digital technologies in organizations worldwide is also working in favor of the market. Moreover, the burgeoning demand for effective and sophisticated work ecosystem is translating into the greater adoption of these systems across several industries such as insurance, travel, healthcare, and government. 

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Demand for Intelligent Virtual Assistants to Remain Strong in Large Enterprises 

On the basis of technologies, the global intelligent virtual assistant market is segmented into speech recognition and text-to-speech. The speech recognition segment held a large share of 53% in the overall market value in 2015. The segment will also exhibit the most promising prospects, progressing at a CAGR of 33.3% between 2016 and 2024. Based on application, the market is divided into messenger bots, websites, and contact centers. The website segment was the leading revenue contributor to the global intelligent virtual assistant market in 2015 with a share of around 70% in the overall market. The messenger bots segment will expand at a CAGR higher than another segment during the same period. 

The key end users of intelligent virtual assistants are large enterprises, small and medium enterprises, and individual users. Among these, large enterprises will be the most prominent segment throughout the forecast horizon. The growth of the segment can be attributed to the increasing efforts by large enterprises to improve their customer care strategies. Small and medium enterprises will register a noteworthy CAGR during the same period. 

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North America to Lead Revenue Generation through 2024 

From geographical standpoint, the global intelligent virtual assistant market is classified into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. North America held a dominant share of 40% in the overall market revenue in 2015. The presence of a large pool of multinational organizations in the U.S. is fuelling the growth of the region. These organizations have been increasingly relying on intelligent virtual assistants to enhance their relationships with clients, improve customer relationship management, and support the burgeoning demand for internet self-service. Over the coming years, the adoption of intelligent virtual assistants in the healthcare and BFSI sectors is likely to increase. With all these factors put together, the region is poised to retain its dominance through 2024. 

Europe is estimated to post moderate growth during the review period, with the EU7 at the forefront of growth. Asia Pacific holds immense potential and therefore, the region is anticipated to register impressive CAGR during the same period. The increasing emphasis on customer relationship management by both public bodies and companies is likely to trigger the demand for intelligent virtual assistants in the region. 

Latin America and the Middle East and Africa are expected to experience sustainable growth in the global intelligent virtual assistant market. In MEA, countries such as the U.A.E., Turkey, Saudi Arabia, and Israel will be the sights of high growth rates during the forecast period. Some of the prominent companies operating in the global intelligent virtual assistant market are CodeBaby Corporation, eGain Communications Corp., Nuance Communications Inc., Artificial Solutions Ltd., Anboto Group, Creative Virtual Ltd., Speaktoit Inc., Next IT Corporation, and IntelliResponse Systems Inc.  

Online Gambling & Betting Market- Betting Online|Get Real Money

Online Gambling & Betting Market – Snapshot

Online gambling and betting consists of gambling and betting games such as poker, casino, sports betting, and lottery which are played through digital platforms. Participation in online gambling & betting helps end-users to witness gambling and betting activities in real-time through their Internet-based devices. The online gambling and betting market is expected to witness a rapid growth rate during the forecast period due to regulatory environment, which in turn is expected to propel the global market across the globe. The global online gambling & betting market is anticipated to expand at a rapid pace during the forecast period. Moreover, increase in prevalence rate of gambling, rise in disposable income of consumers, trust in the mode of online gambling and betting, growth in penetration rate of Internet, and adoption of Internet-based devices are major factors driving the online gambling & betting market. The global online gambling & betting market is forecasted to expand at a CAGR of 11.8% from 2018 to 2026. It is estimated to reach a value of US$ 128.2 Bn by 2026.

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Over the last few years, Key operators of online gambling & betting have changed their business models in order to incorporate changes as per demand and regulations. Relaxation of laws for online gambling & betting across the globe provides new opportunities for internet based gambling & betting operating players to generate revenue. Major online gambling & betting players are involved in the business of innovative game development along with online transaction services. Online gambling & betting market players profiled in the report include 888 Holdings plc. The Stars Group, Paddy Power Betfair plc., Fortuna Entertainment Group, GVC Holdings Plc., and Kindred Group.

The global online gambling & betting market is segmented on the basis of gaming type, device type, and region. According to gaming type, the online gambling & betting market is segregated into poker, casino, social gaming, lottery, bingo, sports betting, and fantasy sports. The sports betting segment is expected to expand at a considerable pace owing to the increase in number of sports following. Online casino and poker and lottery seems to be attractive owing to the increase in participation of consumers to earn rewards and offers. Rise in prevalence rate of online gambling is expected to boost social gaming, bingo, and fantasy sports over the next few years. The global online gambling & betting market by gaming type is expected to be dominant by sports betting during the forecast period.

In terms of device type, the global online & betting market is divided into mobile, desktop, and tablet. In terms of value, desktop was the largest segment of the online gambling & betting market in 2017. However, the mobile segment is expected to be attractive due to the increase in adoption of smartphones by consumers. In terms of value, the mobile segment is projected to expand at a CAGR of around 16 % during the forecast period.

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In terms of geography, the global online gambling & betting market is divide into five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe was a leading the global market in 2017. However, the market in Asia Pacific is anticipated to expand at a CAGR of around 14% during the forecast period. Relaxation of laws, growth in the number of Internet users, and availability of gambling & betting sites with attractive offers are key drivers of the online gambling & betting market in Asia Pacific. Additionally, increase in penetration rate of internet-based devices and trust on online gambling & betting sites are propelling the market. However, the market in Europe is anticipated to expand at a substantial pace during the forecast period. The market in North America has major potential for online gambling & betting. In terms of value, the market in this region is anticipated to expand at a CAGR of around 12% during the forecast period.

Video Surveillance and VSaaS Market- Germinating Market Ideal for Advanced Security Services

Global Video Surveillance and VSaaS Market: Snapshot 

The recent attacks to national security and the rising crime activities worldwide have compelled governments to scrutinize their existing security measures. The demand for resilient and secure infrastructure is therefore at all-time high. As governments and private organizations look for advanced technologies for improved security, the demand for video surveillance and VSaaS market will rise in response. Given the scenario, persisting investments in infrastructure such as railways, roads, airports, and communication networks are fuelling the demand for video surveillance and VSaaS solutions. 

With recent advancements in high definition and megapixel cameras the market for video surveillance and VSaaS is likely to witness heightened opportunities. Furthermore, the rising popularity of do-it-yourself (DIY) video surveillance for home security, the market will gain increased momentum in the coming years. On the downside, privacy concerns and high cost of IP video surveillance market will continue creating bottlenecks for the market.

Overall, the global video surveillance and VSaaS market is expected to rise at a CAGR of 16.6% between 2017 and 2025. At this pace, the market’s valuation will reach US$101.70 bn by the end of 2025, from US$25.11 bn in 2017. 

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IP-based Surveillance Systems will Continue Witnessing Higher Demand 

On the basis of type, the video surveillance and VSaaS market is bifurcated into analog and IP-based systems. Of these, IP-based surveillance systems have rapidly gained the larger share in the market due to their inherent advantages of quality, scalability, better resolution, and built-in analytics engines, as compared to analog video surveillance. Considering these, the IP-based surveillance systems segment will rise at a CAGR of 20.8% between 2017 and 2025. 

On the basis of component, the video surveillance and VSaaS market is categorized into hardware, software, and services (VSaaS). Video surveillance hardware includes surveillance cameras for capturing video footages, recorders and storage, encoders, and monitors. The software segment includes video management software (VMS) and video analytics software. Based on the service delivery architecture, the VSaaS types include hosted, managed, and hybrid services. The increasing demand for IP cameras has led to the significant growth of the video surveillance hardware market. However, the VSaaS market is expected to grow the fastest due to rising demand for the storage of large volumes of data generated through IP cameras. 

On the basis of end user, the video surveillance and VSaaS market is segmented into the residential, retail, business organizations, transportation, government buildings, industrial, and others segments. Of these, the transportation and retail segments will account for the leading market shares through the forecast period. The threat to public security will continue to rise, which will increase the use of video surveillance systems. Furthermore, these systems help protect innocent civilians from terrorist attacks and maintain a safe and secure environment. 

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Rising Construction Projects Seal Asia Pacific’s Lead in Global Market 

Regionally, the global video surveillance and VSaaS market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these regions, Asia Pacific will emerge as the leading contributor to the global market, exhibiting a CAGR of 20.2% between 2017 and 2025. The regional market will continue offering lucrative opportunities on account of the growing economies and increasing construction projects in India and China. Also the Asia Pacific market is gradually shifting toward IP-based video surveillance systems from their analog counterparts to cater to the rising demand for improved image quality. This paradigm shift will enable the regional market exhibit steep growth through the forecast period. 

Some of the most prominent vendors operating in the global video surveillance and VSaaS market are Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Inc., Canon, Inc., Cisco Systems Inc., Zhejiang Dahua Technology Co. Ltd., Honeywell Security Group, Agent Video Intelligence, Geovision, Inc., Genetec, Inc., Panasonic System Networks Co. Ltd., and Pelco, Inc.

Connected (Smart) Street Lights Market - Wireless Connectivity Segment to Display Augmented Share in Future

Global Connected (Smart) Street Lights Market: Snapshot 

The connected (smart) street lights market is primarily driven by the ability of connected (smart) street lights to address the imperfections of traditional street lights. Traditional lighting systems which are at present the de facto standard for street lighting is associated with configuration challenges, extraordinary cost, and interoperability issues that connected (smart) street lights can address.

Apart from this, the development of smart cities across several countries around the world is leading utility companies and government institutions to look for smart lighting technologies that can help reduce costs, reduce carbon emissions, and help boost overall efficiency. Smart (connected) lighting systems can substantially reduce energy consumption as it can be incorporated with various sensors such as natural light sensors occupancy sensors, and motion sensors.

With the moderate pace of advancement of technologies that are used in connected (smart) street lights and the incessant demand for sustainable lighting solutions has led to considerable penetration of connected (smart) street lights across several cities in developed regions.

A report by Transparency Market Research forecasts the global connected (smart) street lights market to display an outstanding 16.0% CAGR in terms of revenue over the forecast period between 2017 and 2025. The market was evaluated at US$3,712.5 mn in 2016. Vis-à-vis volume, the global connected (smart) street lights market is likely to expand at a CAGR of 20.1% from 2017 to 2025.

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Wireless Connectivity Segment to Display Augmented Share in Future

The report studies the global connected (smart) street lights market on the basis of connectivity, component, and geography. On the basis of connectivity, the global connected (smart) street lights market is bifurcated into wired and wireless. The segment of wired connectivity includes various wireless technologies, whereas wireless connectivity includes power line communication. Of the two, wireless connected (smart) street light segment accounts for a significant share of the global market. Going forward, the share of wireless connected (smart) street light segment is expected to further grow in the overall market.

The segments of the global connected (smart) street lights market depending upon component are hardware, software, and services. The segment of hardware is further sub-segmented into sensors, controllers/relays, and others.

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Powered by China and India, Asia Pacific to Display Leading CAGR between 2017 and 2025

The global connected (smart) street lights market by geography is studied across North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Amongst all, Europe presently holds the leading share in the global connected (smart) street lights market followed by North America. Utility companies and government agencies in these regions have gauged the advantages of connected (smart) street lighting solutions for reducing energy consumption that has economic benefits. Moreover, regulations and energy policies strictly in place in to limit energy consumption are boosting the adoption of connected (smart) street lights in these regions. The adoption of connected (smart) street lights also addresses the cost factor of traditional lighting to some extent which is high in Europe and North America.

Asia Pacific is expected to display the leading CAGR of 18.6% on the basis of revenue between 2017 and 2025. The growth in this region is driven by the increasing demand for LEDs in a bid to reduce energy consumption and to reduce overall operational costs. China and India are expected to emerge as key domestic markets that will contribute substantially to the overall growth in Asia Pacific.

Prominent participants in the global connected (smart) street lights market are Acuity Brands Lighting Inc., EnGo PLANET, Schreder Group, Telensa Ltd., Twilight Citelum S.A., Flashnet SRL, OSRAM Licht Group, Toshiba Lighting, Dimonoff Inc., General Electric Co., Philips Lighting N.V., Echelon Corporation, Led Roadway Lighting Ltd, and Silver Springs Network Inc.

Leveraging A2P SMS Market for Your Business During Forecasts-2017 and 2025

Global A2P SMS Market: Snapshot

Massive proliferation of application-to-person (A2P) messages in areas such as mobile banking, mobile payments, and mobile health services has led to significant expansion of the global A2P SMS market in the past few years. SMSs are extensively used as effective tools for customer engagement, customer service, activation and authentication, and as service delivery functions by enterprises and organizations. A2P SMS is one form of service in which SMS is sent from a web based application to a mobile subscriber. Owing to the provision of a secure and reliable operator channel and improvement in end-user experience, A2P SMSs are being widely used in industries such as tourism, banking and financial services institutions, ecommerce, entertainment, and healthcare.

A2P SMSs are preferred over other content delivery mediums as they offer multiple advantages. An SMS can reach any network globally and is centrally invoiced. SMSs are one of the easiest and most attractive forms of mobile communication as most users are familiar with them. Furthermore, SMSs are supported by all mobile handsets across all mobile networks and operating systems.

TMR analysts suggest that the global A2P SMS market, with a valuation of US$62.01 bn in 2017, will exhibit a healthy 4.2% CAGR from 2017 and 2025 and rise to a valuation of US$86.53 bn by 2025.

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E-commerce and BFSI Industries to Remain Most Lucrative

On the basis of end-use Industry, the market has been classified into banking, financial services and Insurance (BFSI), retail, travel and transport, healthcare and hospitality, and media and entertainment (gaming). In industries such as transportation and hospitality, A2P SMSs are used for various ticketing applications such as airlines for delivering boarding passes, and payments for transportation services. Many financial services companies use A2P SMSs for services such as making payments, requesting account information and account transfers. Mobile network operators provide security for these companies by authorizing the financial service companies to identify their customers using mobile numbers.

Over the report’s forecast period, the segment of BFSI is expected to emerge as one of the most promising revenue opportunity for the global A2P SMS market. The increased consumer preference to online banking services is expected to emerge as the key factor pushing this possibility towards reality.

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Consumer Relationship Management Services, Asia Pacific to Showcase Promising Growth Opportunities

On the basis of application, the global A2P SMS market is categorized into interactive services, pushed content services, promotional campaigns, inquiry related services, and customer relationship management (CRM) services. Of these, the segment of CRM services is expected to emerge as one of the key consumers of A2P SMSs owing to increased demand for billing and transactional services across the E-commerce and BFSI industries.

Geographically, the markets in Asia Pacific and North America, respectively, held the two leading spots in the global market in 2015. The leading position of the Asia Pacific market is chiefly attributed to the region’s large population base and the continuous increase in the number of mobile subscriptions. The thriving BFSI and E-commerce industries in developing economies in the region have also contributed to the increased demand for A2P SMS services.

Some of the leading companies operating in the global A2P SMS market profiled in the report are Syniverse Technologies, LLC, AMD Telecom S.A., Fortytwo Telecom AB., CLX Communications AB, Ogangi Corporation, Silverstreet BV, Tanla Solutions Ltd., Symsoft AB, Cybercomm, Infobip Ltd, Route Mobile Limited, Angkor Data Communication Group Co., Ltd., tyntec, nexmo, and DIMOCO.

Video Conferencing Market - Research Report, Demand, Price, By Application, Region and Forecast to 2026

Video Conferencing Market – Snapshot

Video conferencing refers to conducting conference using telecommunication technologies for a real-time two-way transmission of audio and video. With rise in globalization, organizations are shifting toward video conference meetings so as to enable faster decision making and reduce travel hassles. In the corporate sector, video conferencing is predominantly used for effective real-time communication over long distances at minimal cost and time and enhance productivity between teams based at different locations worldwide. Additionally, it saves travel expenses and addresses customer queries in real time. The global video conferencing market is anticipated to grow at a CAGR of 7.9% during the forecast period. It was valued at approximately US$ 5 Bn in 2016.

The video conferencing market is witnessing significant growth owing to the rising adoption of cloud-based video conferencing solutions globally. Increasing adoption of cloud-based video conferencing services has led to implementation of better encryption and password protected solutions for cloud-based video conferencing systems across the world. Furthermore, rise in usage of cloud-based solutions and emergence of 3D technology in video conferencing solutions are a major factor accelerating the demand for this solution globally. According to a report published by the American Telemedicine Association in 2015, more than 200 academic medical centers in the U.S. offer video-based consulting to clients based in other parts of the world.

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Video conferencing is a common technology tool used by enterprises for enhanced collaboration. Additionally, organizations are increasingly focusing on curtailing costs related to their means of communication. This has created immense opportunities for the video conferencing market, thereby, leading to development of advanced conferencing solutions and services. Furthermore, considering the rising need to reduce operating costs, there has been a recent shift from the traditional immersive telepresence systems to software solutions in the video conferencing market. Enterprises across the world seek to deploy low-cost and scalable cloud-based video conferencing solutions to reduce the total cost of ownership (TCO).

The global video conferencing market comprises large as well as mid-sized manufacturers and suppliers. Companies such as Cisco Systems, Inc., Polycom Inc., and Huawei Technologies Co., Ltd. have been able to establish their strong presence in various countries across the world. Vendors in the video conferencing market are currently focusing on introducing advanced software and integrating new capabilities in the software to enable video conferencing across company boundaries and meet the need to manage video delivery and quality. Moreover, video conferencing solution providers are aggressively developing innovative products to meet customer expectations for enhanced features and integrated capability over connected devices. The video conferencing market is presently in a growing stage and the leading players are focusing on acquisition of local players in order to broaden their geographical reach.

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Other significant players engaged in the video conferencing market include Adobe Systems Incorporated, Arkadin Cloud Communications, JOYCE CR, S.R.O., Logitech International S.A., Microsoft Corporation, Orange Business Services, Vidyo, Inc., West Unified Communications Services, and ZTE Corporation.

Retail Digital Transformation Market- The Rising Utilization Of Mobile Devices Such As Tablets And Smartphones

A new Transparency Market Research report states that on the basis of revenue, the global online retail industry was estimated at US$982.8 bn in 2013 and is predicted to expand at a striking 23.70% CAGR in the forecast period between 2014 and 2020. The title of the report is “Retail Digital Transformation Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.

According to the report, the global retail digital transformation market is boosted by factors such as availability and ease of internet access, enabling easy access to customers for shopping online. In addition, factors including advanced shipping services and safe and secure modes of payment have raised inclination of customers towards online retail. In addition, the rising utilization of mobile devices such as tablets and smartphones, offering great convenience to customers, has positively affected the global online shopping scenario. The large number of promotions and discounts on products available online and the rising company investments for the swift development of mobile applications utilized in online shopping have significantly fuelled the global retail digital transformation market.

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On the basis of mode of access, the retail digital transformation market is segmented into websites and mobile applications. Online retail market places can be accessed via these two modes of access. Amongst these, the mode of access via mobile application held a great demand owing to the rising number of users having smartphones. Nonetheless, websites have also been a significant option for online retailing owing to enhancement in broadband internet connections and advantages of websites such as easy usage and greater navigation areas. This is why, in 2013, the websites segment held the biggest share within the retail digital transformation market. Owing to the rising popularity of m-commerce, the websites segment is anticipated to expand at an exponential rate in the forecast horizon, but rising demand for m-commerce will also help demand from mobile applications.

On the basis of product type, the retail digital transformation market is segmented into apparel and footwear; consumer electronics and appliances; media, toys, and games; food, grocery, and beverages; beauty and personal care; furniture and home improvement; others. Amongst these, consumer electronics and appliances dominated the market in 2013 owing to a rise in the number of merchants introducing their products in the online marketplace. The segment of apparel and footwear is growing rapidly owing to the increasing number of sophisticated brands penetrating the retail digital transformation market and the easy accessibility of these products online.

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On the basis of geography, the market is segmented into Eastern Europe, Western Europe, Latin America, North America, Japan, Asia Pacific excluding Japan, and the Middle East and Africa.  In 2013, on the basis of revenue, North America dominated the market for retail digital transformation due to the presence of prime players and rise in internet access within this region. Asia Pacific excluding Japan trailed North America, holding the second biggest share on the basis of revenue, and this region is predicted to witness rapid growth in the forecast horizon.

3D Modeling, 3D Visualization, and 3D Data Capture Market is Driven By Improvement In Global Oil And Gas Prices

The global 3D Modeling, 3D Visualization, and 3D Data Capture market was valued at US$ 775.3 Mn in 2017 and is expected to expand at a CAGR of 3.8% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “3D Modeling, 3D Visualization, and 3D Data Capture Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” North America is expected to hold the dominant revenue share, with the market in the region expanding at a CAGR of above 3.5%. The global 3D Modeling, 3D Visualization, and 3D Data Capture market is mainly driven by growing drilling activities as well as digitization of the oil and gas industry.

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Growing drilling activities and digitization of the oil and gas industry driving the demand for 3D Modeling, 3D Visualization, and 3D Data Capture

The 3D Modeling, 3D Visualization, and 3D Data Capture market is expected to expand at a CAGR of 3.8% during the forecast period 2018-2026. The 3D Modeling market includes both software as well as services offered by software providers and service providers. Software vendors operating in the market of 3D modeling solutions include providers of various computer aided design (CAD) software and building information modeling (BIM) software. These software are used across the upstream, mid-stream, and downstream oil and gas industry for pipeline designing and refinery plant designing. Service providers operating in this market largely provide readymade design (designed by their team) based on client requirement.  The 3D visualization market also includes software as well as services offered to oil and gas companies. 3D visualization tools are essentially the rendering design software which is created after modeling the product/ infrastructure. The 3D data capture market includes data capturing solutions as well as services offered in the market. 3D data capture solutions help oil and gas companies to capture as well as analyze data in real-time. The data released from various sensors and laser scanning tools are efficiently analyzed which in turn helps the oil and gas companies to take effective decisions.

Increasing drilling activity, improving oil and gas processes, and digital transformation of the oil and gas industry expected to play an important role in the expansion of the 3D Modeling, 3D Visualization, and 3D Data Capture market

The 3D Modeling, 3D Visualization, and 3D Data Capture market is driven by improvement in global oil and gas prices as well as expected improvement in capital expenditure (CAPEX) of major oil and gas companies. Also, oil and gas companies are undergoing digital transformation that includes investment in AR/ VR technology, use of Big Data analytics for efficient decision making, and investment in cyber-security solutions. The 3D visualization market is divided on the basis of its application areas. These application areas include AR & VR (training, marketing etc.), safety and training, marketing& sales animation, post production, product and process, and transportation. The product and process application is further bifurcated into operation procedure for drilling wells, casing installation, cementation process, and oil and gas extraction and refining process.  The 3D modeling market is also segmented based on various application areas. These applications include structural designing, integrated analysis & material take-off reports, equipment designing, equipment modeling, and intelligent grid. The structural designing application is further divided into piping, civil/foundation, and HVAC ducting. Equipment modeling is divided into vessels, pumps, launchers/receivers, and others. The 3D modeling market is also segmented on the basis of solution type. These solutions include CAD and BIM solution. The 3D data capture market is divided on the basis of various application areas including 3D laser scanning (static), 3D handheld scanner, 3D aerial scanning, and sensors.

 

Head Mounted Display (HMD) Market is driven by the Rising Demand for Lightweight HMDs

A new research report, titled “Head Mounted Display Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022”, from Transparency Market Research (TMR) states that the global head mounted display market is projected to expand at a remarkable 45.20% CAGR during the forecast period from 2014 to 2022.

In 2012, the global head mounted display (HMD) market was worth US$430.4 mn and by 2022, the market is expected to be worth US$20.4 bn. The global head mounted display market is driven by the rising demand for lightweight HMDs, which will expand their application base. In addition to this, the declining prices of microdisplays and regulated demand from defense services will also fuel the global head mounted display market. On the other hand, the global head mounted display market will be suppressed by the design issues associated with HMDs and lack of awareness of the public regarding HMDs.

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By end use, the global head mounted display (HMD) market is segmented into the consumer market (video gaming, virtual reality, and augmented reality), defense (navy, military, and air force), and others (sports, safety practices, medical practices, and automation). In 2013, the defense service segment held the largest share in the global head mounted display market, generating a revenue of US$483.2 mn. On the other hand, the consumer market segment is projected to witness the fastest CAGR of 53.20% during the forecasting horizon.

According to type, the global head mounted display (HMD) market is divided into wearable computing glasses and helmet mounted displays. The helmet mounted displays segment dominated the global head mounted display market with a 66% revenue share in 2013. Nevertheless, the wearable computing glasses segment is projected to surpass the helmet mounted display segment.

Component-wise, the global head mounted display market is classified into pico projectors, computing, batteries, head trackers, control units, goggles, relay optics, accessories, and others. On the basis of application, the global head mounted display (HMD) market is divided into imaging, tracking, training and simulation, and security. Region-wise, the global head mounted display market is segmented into Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America.

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Currently, North America is dominating the global head mounted display (HMD) market. However, it is Asia Pacific that is predicted to experience the highest CAGR of 48.20% during the forecasting horizon. The Asia Pacific head mounted display market benefits from the growing demand from its medical sector and consumer sector. The global head mounted display market is projected to witness growing demand in the medical sector for various types of surgeries and dentistry practices.

Companies in the global head mounted display (HMD) market will benefit from the opportunities presented by cloud computing. Another good growth opportunity for market players is the use of HMDs in automotive prototyping, i.e. virtual designing of automotive parts. The key companies operating in the global head mounted display market are BAE Systems, Google, Elbit Systems, Seiko Epson, eMagin, Sensics, and Sony.

 

Industrial Dispensing System and Equipment Market- Increasing Consumer Awareness and Affinity Towards Novel Technologies

Transparency Market Research (TMR) has recently published a report on the global industrial dispensing system and equipment market detailing the growth trajectory and present status of the market. The report, titled “Industrial Dispensing System and Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”, is available on TMR’s official website for sale.

According to the report, the global market for industrial dispensing systems and equipment, which stood at US$12.85 billion in 2014, will exhibit a CAGR of 7.0% and will reach US$20.57 billion by the end of 2021. The publication presents a holistic overview of the global industrial dispensing system market. It presents insights into the key factors driving the market as well as the factors likely to inhibit its growth until 2021.

Industrial dispensing systems and equipment are used for dispensing glues, chemicals, ink, liquid product, powder product, or other solvents. The products obtained through dispensing have several applications across large-scale industries such as automotive, pharmaceuticals, food and beverages, personal care products, and others, hence giving a significant boost to the global market for industrial dispensing solutions. The integration of automation in many industries is also aiding the development of the industrial dispensing system market across the world. Industrial dispensing solutions help industries improve their production efficiency, which is a primary factor fuelling demand from the market.

The industrial dispensing system market is anticipated to benefit substantially from the robust automobile production worldwide. Need for dispensing adhesives and liquids for manufacturing machine parts such as oil seals, wheel bearings, engine parts, and motors is fuelling demand from the industrial dispensing equipment and system market globally.

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Among the various end-use industries, the pharmaceuticals industry accounted for over 30% of the global industrial dispensing system market in 2014. Adoption of new technologies and rapid industrialization across the developing nations in Asia Pacific is anticipated to positively impact the growth of the industrial dispensing system and equipment market. Encouraged by the recovering economic situations in emerging markets and introduction of the latest technologies, the customers are now preferring automated dispensing systems more than manual filing and bonding. This is a crucial factor aiding the growth of the global industrial dispensing system market.

Regionally, North America dominated the global industrial dispensing system and equipment market in 2014. The region is expected to continue its dominance through 2021. The report identifies the advances introduced in conventional dispensing systems and equipment in the region as primary factors boosting the robust development of the market in the region. Increasing consumer awareness and affinity towards novel technologies also aids the expansion of the dispensing systems market in North America, the U.S. being the most lucrative national market for dispensing systems in the region. Europe and Asia Pacific collectively held over 50% of the global industrial dispensing system market in 2014, each trailing North America closely.

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Engineering Software Market - Rising Demand of Industrial Automation Proves to be Beneficial for Market’s Growth

The global engineering software market depicts the presence of a highly aggressive and fragmented vendor landscape, mainly due to the existence of innumerable players, says Transparency Market Research on the basis of a recently published report. A humungous rivalry mainly exists at an international level. However, several local players are fast gaining ground in this market, thereby giving a tough time to the international businesses, in terms of marketing their products and services. With the number of players expected to increase during the next few years, the global engineering software market is prophesized to depict a rapidly charged-up competitive landscape.

Most businesses in the global engineering software market are focusing on expanding product portfolios, coupled with providing technologically advanced offers. Achieving cost regulation, improving geographical reach, and bringing forth innovative concepts are a few other domains where companies are attempting to gain a competitive edge over their rivals. Synopsys, Inc., Bentley Systems, Inc., Autodesk, Inc., PTC, Inc., Ansys, Inc., Geometric Ltd., Dassault Systemes S.A., Siemens PLM Software, Inc., IBM Corporation, SAP SE, Synopsys, Inc., and MSC Software Corporation, are key players operating in the global engineering software market.

As per experts, the global engineering software market is expected to grow at stellar CAGR of 12.4% during the forecast period from 2015 to 2022. This market registered a splendid revenue of US$19.98 bn in 2014, which is expected to grow further during the said tenure.

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Rising Demand of Industrial Automation Proves to be Beneficial for Market’s Growth

A rising need for automation and demand for automation of integrated solutions in order to facilitate quality designing and analysis of engineering systems in a plethora of applications is majorly driving the global engineering software market. Moreover, with a rapidly expanding industry where cloud engineering is utilized on a vast scale, this market is progressing at a fast pace in recent times.

Electronic devices such as smartphones, tablets, and laptops are penetrating most regions all over the globe, which is further expected to boost the global engineering market’s growth. This is mainly due to an extensive use of the software services in these devices, which form an integral part of their functioning. Demand for industrial automation is likely to fuel growth in the global engineering software market. Lastly, engineering software services are in high demand in the domains of architectural mapping, 3D printing, construction, and other similar fields. And as each of these sectors is witnessing a significant boom currently, the global engineering software market is expected to expand tremendously during the next few years.

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High Products Costs Prove to be Market’s Bane

However, high maintenance costs and license costs might make the end product substantially expense, thus discoursing those having less disposable income from not purchasing it. This is a major factor hindering the global engineering software market. Moreover, lack of technical expertise in operating the engineering software products in remote and underdeveloped regions too is stunting the market’s progress gradually. However, many companies are expected to introduce several cost-effective products and services in the near future. This could reduce effects of the restraints affecting the global engineering software market.

 

Cladding Systems Market- Non-residential is the Leading Revenue-Generating Segment

Cladding is any particular material used to cover the exterior of a structure. Cladding may or may not be waterproof, but it controls how components fall on a surfaceor hit it. Cladding can also be used fora decorative purposein order to camouflage a more structural but not appealing substrate. Cladding systems can serve functions such as precipitation control, crack control andmovement joints, vapor andair control, and insulation. The global cladding systems market can besegmented on the basis of material, component, application, and region. Based on material, the market can besegregated into fiber cement, vinyl, metal, brick & stone, stucco & eiffs, wood, and others. The vinyl segment accounted for amajor market share in 2016 and the trend is anticipated to continue throughout the forecast period. This is attributableto easy availability and low cost of vinyl. As a result, it is the most widely used material in cladding systems all over the world. The metal cladding segment is projectedto witness rapid growthfrom 2017 to 2025. This is because metal claddings arehighly durable and aestheticallypleasant. Moreover, they can be fully recycled and they are eco-friendly.This results in the rise indemand for metal claddings across the world.

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Based on component, the global cladding systems market has beendividedinto windows & doors, roofs, walls, and others. Thewalls segment accounted fora leading market share in 2016 and the trend is estimatedto continueduring the forecast period. Walls constitute alarge portion of any building and cladding systems protect walls from extreme weather conditions by covering them. Wallsalso enhance the aesthetics of abuilding. The windows &doors segment is expected to witness rapid growth during the forecast period. This growth is due to the fact that windows and doors need protection for longevity and durability. Based on application, the global market for cladding systems has beensegmentedinto residential and non-residential. The non-residential segment held a major market share in 2016 and the trend is anticipated to continue throughout the forecast period. Thesegment is likely to witness rapid growth during the forecast period. This is attributableto increasing requirement forinnovative infrastructure and replacement of old infrastructure, especially in developing countries.

Major factorsfuelingthe global cladding systems market include high durability of thesesystems. With high durability, cladding systems are being increasingly employedto protect buildings. In addition, increase innon-residential and commercial construction activities is augmentingthe global cladding systems market. Non-residential is the leadingrevenue-generating segment ofthe cladding systems market. However, high installation cost is a major restraint forthe global market for cladding systems. Rapid urbanization in developing countries of Asia Pacific such as China and India provesto be a major growth opportunity forthe market. Furthermore, surgingdemand for the use of sustainable materials in cladding systems is anothergrowthopportunity forthe global cladding systems market.

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Geographically, the global cladding systems market has beensegregated into North America, Europe, Asia Pacific, Middle East &Africa, and Latin America. North America held a leadingmarket share in 2016 and is expected to continue its dominanceduring the forecast period. The market in Asia Pacific is projectedto witness rapid growth during the forecast period, owing to rapidly expanding construction sector and rapid urbanizationin the region.

Major players operating inthe global cladding systems market include Tata Steel Limited (India), Etex Group (Belgium), Alcoa Inc. (the U.S.), Compagnie DE Saint Gobain SA (France), James Hardie Industries PLC (Ireland), Nichiha Corporation (Japan), CSR Limited (Australia), Axiall Corporation (the U.S.), Boral Limited (Australia), and Cembrit Holding A/S (Denmark).

Brushless DC Motor Market is driven by increasing usage of brushless dc motor in sectors such as HVAC, white good, and industrial

The brushless dc motor is synchronous motor, means magnetic field generated by rotor and stator rotate at same speed. It is consist of stator in the form of poly phase armature winding and rotor in the form of permanent magnet. As name suggest, brushless dc motor does not have brushes for commutation as in case of brushed motors. The process of commutation in brushless dc motor is carried out with use of semiconductor switches. These switches are used to turn on and off the stator winding at appropriate time interval, since this process is often called as electronic commutation. The brushless dc motor is constructed in two types, in first case placement of winding is in core and rotor is outside, hence rotor magnet act as insulator and help to reduce rate of heat dissipation. It operate at low current therefore generally used in fans. In second type, winding is outside the core hence dissipate more heat consequently help in to increase its torque, it is typically used in hard drives. The brushless dc motor have several distinct advantages over other type motors such as excellent efficiency, higher controllability, quite lighter and longer life span, and can be used in devices that run continuously. In addition to that, due to low power consumption and durability it widely used to spin hard disc drive, in same way to drive vacuum machines. Due to all this advantages, this motors are used in various application in consumer electronics, industrial, transport, and heating and ventilation. It also used in service robots- small robots which are used in field of service other than manufacturing. These are popularly used in drones due to precise control of rotational speed, even at higher altitude.

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The brushless dc motor market growth is expected to be driven by increasing usage of brushless dc motor in sectors such as HVAC, white good, and industrial. Besides, in automotive sector particularly, for application in steering box, hydraulic system are getting replaced with electrical system with use of brushless dc motor. Furthermore, usage of brushless dc motor as traction motor in electrical vehicle is expected to spur the growth of the global brushless dc motor market.

The brushless dc motor market has been segmented based on device type, stator winding, application, and region. The brushless dc motor market can be segmented on basis of rotor position, it is of two types: outer rotor brushless dc motor and inner rotor brushless dc motor. On basis number of stator winding the global brushless dc motor market can be segmented into single phase, two phase, and three phase, among this single phase and three phase motors are widely used.  Based on end use, the global brushless dc motor market can be segmented into consumer electronics, industrial, transport, and heating and ventilation, and others. In terms of geography, the global brushless dc motor market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to contribute a significant share to the global brushless dc motor market due to the presence of leading brushless dc motor market manufacturers.

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Key players operating in the brushless dc motor market includes ARC Systems, Ametek, Allied Motion Technologies Inc., Minebea Mitsumi Inc., Emerson Electric Corporation,  Maxon Motor AG., Nidec Corporation, ABB, and Johnson Electric ARC Systems. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global brushless dc motor market over the period of study.