Microwave Oven Market is assumed to reach US$25.0 bn by the end of 2022 | CAGR of 5.8%

According to a recent report by Transparency Market Research (TMR), the vendors of the global microwave oven market may witness remunerative opportunities for growth owing to the vigorous usage of technologically advanced and sophisticated home and kitchen appliances as per the improved standards of people all around the world. The vendor landscape of the global microwave oven market is highly competitive and all prominent players are developing key strategies in order to enlarge their business in other regions of the world as well.

Some of the key players of the market are Electrolux AB, LG Electronics, Inc., Hoover Limited, Guangdong Galanz Enterprises Co. Ltd., and Sharp Corporation. Key market players can generate greater market revenue and give tough competition to each other by adopting Strategies like merger and applications and new product launches. These innovation and initiatives taken by major players are likely to increase the demand of the microwave oven market in the coming years.

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As per the TMR report, the global microwave oven market is assumed to reach US$25.0 bn by the end of 2022. The market is envisaged to expand with a CAGR of 5.8% within the forecast period of 2017 to 2022. The previous records of 2017 states that the market for microwave oven was worth US$18.9 bn and will show a remarkable growth rate in the years to come.

Faster Growth with Rising Disposable Incomes in Emerging nations Boosting Market

The microwave oven market can be fuelled by factors like the rise in disposable income of people. With more income, there is a natural urge to upgrade the living conditions of people and there comes the need for a modular house and most of all a modular kitchen. This is especially taking place in the emerging nations of the world, hence the market in that area is expected to increase in demand as compared to market in other region.

The prospects of growth could be favorable due to economic development and rising disposable income of people. Adding to that, microwave oven need may get a stronger support from increasing number of consumers who spend on their kitchen lavishly. The adoption of modular kitchen and home appliances are expected to increase the rate of growth in the global microwave oven market in the long run.

From a geographical perspective, the market is seen to be dominated by the region of Latin America and Europe. The North American market has already gained maturity long back and have given way for the European nations to emerge. Rise in demand for microwaves can increase in countries like India and China of the Asia Pacific region because of the high salary inclination and desire for the best quality kitchen.

High Power Consumption to Restrict Market Growth

Although the advancement in home and kitchen appliances may add fuel to the growth of the global market for microwave oven, factors like high electricity consumption may restrict the use of microwaves at homes. High electricity bills may be a cause of concern for families in developing economies and hence, it may hinder the growth of the overall market. However, various companies are expected to create and develop products that will consume less energy and thus, this may act as a solution to the traditional method of using electricity for using any devices.

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Smart Toys Market to be worth US$ 69,932.5 Mn by 2026 – TMR

According to a new market report titled “Smart Toys Market” published by Transparency Market Research, the smart toys market (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is projected to reach US$ 69,932.5 Mn by 2026 driven by increased popularity of the concept of internet of toys. The market is projected to expand at a CAGR of 36.4% during the forecast period from 2018 to 2026. Growth of the market is attributed to rise in demand for high technology toys and games which could help in children’s education and learning. North America is anticipated to lead the smart toys market, followed by Europe and Asia Pacific, during the forecast period. The smart toys market is at an emerging stage and is anticipated to expand rapidly in the next few years.

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Internet of Toys to Drive Market

Internet of toys refers to a future where toys not only relate to children but are wirelessly connected to each other. Existing toy companies and start-ups are eagerly innovating in this area, as this could become the largest market for them with increasing number of customers. This could also help in the development of science, technology, engineering and mathematics (STEM) skills of students.

Many countries are willing to adopt strategies to make their students learn with the help of interactive games and toys. For instance, one of the challenges in Australia is that the demand for workers with STEM skills is increasing, but the performance and engagement of students in science and math is falling. Internet of toys could help science teachers through real astronomy research practices in collaboration with scientist mentors as part of professional development of the students.

Internet of toys as a driver accounts for medium impact on this market, as it is an ongoing process and would take some time due to the large investments and R&D involved.

Smart Toys Market: Scope of the Report

The smart toys market has been segmented based on toy type, interfacing device, technology, distribution channel, and age group. Within the toy type segment, app-enabled toys are expected to dominate the global market in 2018. App-enabled toys are one of the most popular segments that have contributed largely to the growth of the market.

North America led the smart toys market, accounting for substantial share in 2017. Canada is the major market for smart toys in the region. The smart toys market in Europe, Asia Pacific, Middle East & Africa, and South America are also expected to expand during the forecast period.

Smart Toys Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global smart toys market. Key players profiled in the report include Hasbro Inc., Sony Corporation, Jakks Pacific Inc., Mattel Inc., The Lego Group, Playmobil, Kids II, Inc., KNex Industries Inc., Konami Corporation, and Leapfrog Entertainment.

Artificial Intelligence (AI) in Agriculture Market Size, Share, Growth, Trends, Forecast by 2026

Global AI in Agriculture Market: Overview

Artificial Intelligence has various application in agriculture ranging from rural automatons, facial acknowledgment, computerized water system frameworks, and driverless tractors. These applications are done in relationship with an alternate sort of sensors, GPS frameworks, radars, and other cutting edge contraptions dependent on AI. Considering these broad applications, AI is getting a colossal reaction from investors all around. Man-made reasoning (AI) is one such critical innovation in the present advanced agriculture that is being actualized and conveyed for more sustainable utilization of available assets. Increasing utilization and rising necessity of better yield of products are assessed to be one of the central point that is fueling the demand of robots in agriculture.

The report offers various perspectives into the various factors boosting market segments, competitive analytics, the market’s leading trends, and the restraints of the global AI in agriculture market. The study analyzes the various steps of progress witnessed by the industry considering current models that would impact the market over the forecast period of 2018 and 2026.

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Global AI in Agriculture Market: Trends and Opportunities

Usage of AI in agriculture offers different focal points, for example, maximizing the product yield using machine learning and picture processing methods. For instance, International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) collaborated with Microsoft to build up an AI-based sowing App that sends sowing warnings to ranchers mentioning the date following.

Later innovative progressions and the modernization of GPS are making ranchers and the agriculture specialist co-ops anticipate that additional upgrades will increase the profitability. Alongside the present non-military personnel benefit given by GPS, nations, for example, US is planning to actualize a second and a third signal on GPS satellites. This execution of new flags will upgrade the quality, and additionally proficiency of farming tasks, and along these lines, increase the general efficiency over the coming years.

Global AI in Agriculture Market: Regional Outlook

North America is evaluated to be the dominating locale in the worldwide AI in agriculture market. The growth of the market is credited to the high selection of trend setting innovations and item in agriculture part. Besides, selection of the prescient examination and remote monitoring innovation in agriculture is additionally contributing essentially towards the industry growth. What's more, higher innovative awareness is additionally backing the growth of the AI in agriculture market.

Then again, Asia Pacific is foreseen to encounter high growth rate during the coming years owing to the increasing demand from developing nations, for example, India and China. Besides, increasing adoption of the mechanical technology and IoT gadgets in agriculture is additionally assessed to drive the AI in agriculture market.

Global AI in Agriculture Market: Competitive Landscape

The AI market in agriculture is currently features moderate competition, with some established, international vendors dominating the market.

Leading vendors operating in the global AI in agriculture market are Granular, Agworld, Pycno, Farmlogs, Hortau, Trimble, and Grownetics.

Managed Print Services (MPS) Market to Reach US$ 59,537.7 Mn by 2026 – TMR

According to a new market report published by Transparency Market Research, the global managed print services (MPS) market was valued at US$ 30,705.7 Mn in 2016 and is expected to expand at a CAGR of 8.6% from 2018 to 2026, reaching US$ 59,537.7 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the managed print services (MPS) market in 2016.

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Government rules and regulations to save paper in enterprises and cost benefits offered by managed print services are driving the global managed print services (MPS)market

The global managed print services (MPS) market is expected to witness considerable growth due to the stringent rules and regulations of governments to prevent paper wastage. Managed print services provide cost benefits to organizations. Additionally, it helps organizations to reduce the number of printers, usage of paper, and the energy consumption. Managed print services provide low price and high performance, reduced physical footprints, and more productivity, and lower maintenance costs. Thus, managed print services reduce total cost of ownership (TCO).

Managed Print Services (MPS) Market: Scope of the Report

The global market for managed print services (MPS) is segmented on the basis of deployment, enterprise size, channel, industry, and geography. On the basis of deployment, the market is segmented into cloud, on-premise, and hybrid. In 2017, the cloud segment accounted for the largest market share in terms of revenue of the global managed print services (MPS) market.

Furthermore, the cloud segment is expected to expand during the forecast period. On the basis of enterprise size, the global managed print services (MPS) market is bifurcated into small & medium enterprises (SME’s), and large enterprises. Based on channel, the market is categorized into printer/copier manufacturers and channel partner/core MPS providers. On the basis of industry, the market is divided into banking, financial services, and insurance (BFSI), telecom and IT, government and public, healthcare, education, legal, construction, manufacturing, and others.

Geographically, the global managed print services (MPS) market is bifurcated into North America, Asia Pacific, Europe, South America, and Middle East & Africa. North America is estimated to account for the largest market share in 2018. The healthcare and government industry in the U.S. have adopted managed print services. Moreover, strategic acquisitions and new programs launched to create awareness of managed print services is also expected to drive the demand over the projected period. Asia Pacific region is expected to expand at the highest CAGR due to increase in investment and strategic acquisitions of U.S. managed print service providers in this region. For instance, in 2016, Lexmark International Inc., a printing solutions provider based in the U.S. acquired American provider Apex Technology Co., Ltd. (Apex) based in China.

Global Managed Print Services (MPS) Market: Competitive Dynamics

Major industry players in the managed print services (MPS) market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product development. For instance, in September 2016, HP Inc. acquired Samsung’s printer business for US$ 1bn.The global managed print services (MPS) market includes key players such as HP Inc., Xerox Corporation, Lexmark International Inc., Fujitsu Ltd, Canon, Inc., Konica Minolta, Inc., Kyocera Corporation, Ricoh Company Ltd., Toshiba Corporation, ARC Document Solutions, Inc., Seiko Epson Corporation, Wipro Limited, Honeywell Corporation, and Print Audit, Inc.

Big Data Market Share, Growth, Trends, Forecast 2019 – 2027

Global Big Data Market – Overview

Big data is a term that refers to type of data sets that are huge and too complex for conventional data processing practices. It can be defined as having one or more characteristics such as high variety, high velocity, or high volume. Rapidly growing traffic of mobile data as well as the fast development of new technologies such as internet of things and artificial intelligence are all expected to help in the development of the global big data market.

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Global Big Data Market – Notable Developments

The competitive landscape of the global big data market is a fragmented one with the presence of several key players. These players are constantly striving to bring innovative and new solutions in the market to acquire more customers. Moreover, there have been increasing investments for promoting the activities of research and developments.

Some of the big names in the global big data market include names such as Oracle, IBM, Microsoft, SAP SE, Dell, Amazon Web Services, and Splunk among others.

• In May 2018, IBM announced that the company has launched new cloud service called Cloud Private Data that was designed for helping organizations to use machine learning and data science techniques.

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Global Big Data Market – Drivers and Restraints

There is a plethora of reasons that are helping to drive the growth of the global big data market. One of the biggest driving factors for the growth of the global market has been the growing adoption of technology across the globe. In recent years, there has been a tremendous growth in terms of generation of data across all key channels. With technological advancements, it is now possible to get valuable information such as patterns, data insights, and trends from the burgeoning data. Such insights are possible due to the data sorting and analyzing ability of Big Data. Thus, the market is witnessing an ample demand from the end-user application sectors. This too is helping to push the development of the global market. Another important factor that is complementing this development of the market is the growing proliferation in terms of data generation.

In addition to this, with increasing use of smartphones and tablets there has been a tremendous rise in data collection through respective apps. Furthermore, growing penetration of the internet, increasing adoption of big data among enterprises, and the growing number of Internet of Things (IoT) devices among masses are all helping to push the development of the global market for big data.

Global Big Data Market – Geographical Outlook

In terms of geographical segmentation of the global big data market, there are five major regions. These regions are Latin America, Asia Pacific, Middle East and Africa, Europe, and North America. Of these regions, currently, the global market is dominated by the region of North America. Presence of highly developed technological infrastructure is one of the key reasons behind the development of the big data market in North America. Moreover, presence of several notable companies operating in the regional market is also responsible for driving the growth of the North America market.

On the other hand, the regional segment of Asia Pacific is projected to witness a promising growth in the next few years of the forecast period. The growth of the regional market is driven by the increasing demand from several emerging economies such as Philippines, India, and China among others. These emerging economies are putting in heavy investments for the development of their domestic IT infrastructure. Such investments are creating ample business opportunities for the growth of the big data market in the region. Moreover, India and China are now on course to become huge technology hubs. This too is projected to drive the market growth in the region.

Predictive Analytics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027

Global Predictive Analytics Market: Overview

Industry 4.0 is expanding at an unprecedented rate. With the expansion of fourth industrial the global predictive analytics market is also expected to grow substantially in the projected tenure of 2019 to 2027. Moreover, growing industrialization and demand for automation in almost every business vertical is also anticipated to fuel the growth of market during the tenure of 2019 to 2027. Additionally, with the technological developments in business sectors such as manufacturing and logistics, the demand for predictive analytics solutions is projected to grow exponentially in coming years. This as a result is projected to boost the growth of global predictive analytic market from 2019 to 2027.

A Transparency Market Research report offers a 360 degree view of the market and helps the readers to understand the dynamics that are prevalent in the global predictive analytics market. The repot enlightens key areas such as development, trends, challenges, and opportunities that is driving the growth of market.

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Global Predictive Analytics Market: Notable Developments and Competitive Analysis

The global predictive analytics market is highly competitive and fragmented. This scenario of the market makes the entry of the new players difficult for the new players. This because of the presence of well-established players that dominates the market.

To withstand this situation, the new players are involving in several mergers and collaborations. These strategies are helping the players to acquire resources that can help them achieve sustainability in the global predictive analytics market in the duration of 2019 to 2027. Also, the players are developing new solutions that can help them grow significantly in the market.

On the other hand, the established players are acquiring small and medium scale businesses to expand the production and distribution network. This allows the players to tap into several untouched regions of the global predictive analytics market. Additionally, the companies are investing a huge amount in strategies such as product launch and research and developments. With the help of these strategies, the prominent players are projected to acquire a competitive edge over their rivals in market.

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Global Predictive Analytics Market: Key Drivers

Growing Technological Developments Drive the Growth

Technology is the major driver of the predictive analytics market. It is because of implementation of IoT and data science is possible in manufacturing and other industries. Moreover, value addition is another trend that every business is striving for these days.  This is also a major factor that is projected to boost the growth of global predictive analytics market. Additionally, the modernization of businesses with automation and other technologies is also anticipated to drive the growth of market from 2019 to 2027.

Growing Industrialization Fuels the Market’s Growth

Industrialization is one of the major factor that boosts the growth of global predictive analytics market. Various industries are demanding a solution that can predict when their machine is about to get damaged. They are implementing sensors that can analyze the patterns and predict the outcome or any anomaly in the operation of the machine. This as a result prevents the businesses to engage into downtime of the machine and improve the productivity. This advantage is also expected to boost the growth of market in the duration of 2019 to 2027.

Global Predictive Analytics Market: Regional Outlook

North America is projected to emerge as the leader in the regional domain of predictive analytics market during the projected time frame. This domination is the result of growing demand for automated operations and heavy technological implementations in industries across U.S. and Canada. Based on these developments, the market shall be led by North America on regional front during the tenure of 2019 to 2027.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

5G Technology Market Size, Share, Growth, Trends, Forecast 2024

Global 5G Technology Market: Overview

As high speed internet and data connectivity becomes one of the most important entity, deemed as necessary for the survival of toady’s digitally advanced workplaces as food for the survival of living beings, research activities focused on the development of next-level wireless broadband technology are becoming more intense and wide-ranging. With 3G having become the de-facto wireless broadband technology and 4G rapidly expanding its horizons across numerous applications and regional markets, the focus has naturally shifted on the development of the 5G technology - the next face of development across the highly dynamic broadband industry.

This report on the global 5G technology market presents a thorough overview of the present state of technological advancements in the field and predicts the future scope of development over the period between 2016 and 2024. The report gives detailed insights into the vendor and competitive landscape of this yet-to-be-marketed technology, profiling the developments achieved by notable bodies operating in the market through their research and development work.

The study also provides a thorough overview of the key aspects expected to have a significant influence on the overall development of the market in the future years. As such, factors such as drivers, restraints, key trends of past and present times, regulatory obligations, and level of competition are explored in depth. Qualitative as well as quantitative details pertaining to the key segments of the market and these factors and the growth prospects of the market across key regional markets are also examined in the study.

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Global 5G Technology Market: Growth Opportunities

The vast consumer demand for high speed data connectivity, across developed as well as developing countries across the globe, the increased proliferation of mobile and connected devices across a number of industries, and rapid technological advancements in the field of sensors and semiconductors are all conducive for the 5G technology market. Looking at the immense growth prospects that the market is expected to witness in the coming years, a large number of companies are entering into the field.

To gain an edge in this technology, which is expected to be faster and less power consuming than most of the present wireless broadband technologies in commercial usage, many governments and educational institutions have started to lay the ground for 5G. Such widespread research activities are expected to have a huge positive influence on the overall development of the technology in the near future.

Global 5G Technology Market: Segmentation

The report segments the global 5G technology market on the basis of technology into categories such as Wi-Fi, HSPA (high speed package access), RAT (radio access technologies), GSM (global system for mobile), and WiMAX (worldwide interoperability for microwave access). On the basis of geography, the market across regional markets such as Europe, North America, Asia Pacific, Latin America, Middle East, and Africa is analyzed. Of the key countries examined for the 5G market under these regional markets, the 5G technology is expected to gain the most promising returns in the U.S. and Japan. The Federal Communications Commission (FCC) in the U.S. has also begin to assess the allocation of frequencies to 5G networks. Countries such as Korea and China have also begun experiments involving the actual application of 5G across numerous areas.

Li-Fi Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026

Li-Fi (light fidelity) is a visible light communications (VLC) system which provides wireless communications at very high speed. Li-Fi is a technology used for wireless communication by using light to transmit data. Li-Fi uses LED bulbs for data transmission. Li-Fi provides higher speed than Wi-Fi. Li-fi technology is faster and it provides more reliable internet connections, and is capable of catering to the demand of high data usage

The driving factor for the global Li-Fi market is the increase in demand for high-speed data transmission. Li-Fi technology transmits data at very high speed and is capable of delivering 224GB of data per second. Furthermore, it offers better security as compared to Wi-Fi. Due to its high speed, Li-Fi technology can be widely used in electromagnetic sensitive areas, such as, hospitals, airplanes, and nuclear power plants. Innovation and new product launches are further boosting the growth of the market. For instance, in December 2017, Velmenn introduced advanced Li-Fi USB adapter for use in communication of USB devices, and Li-Fi-enabled LED lights. Additionally, the company has also developed advanced algorithms in Li-Fi technology to provide better performance of Li-Fi LED bulbs. Li-Fi technology can connect remote and distant terrains across the country that cannot be reached through optical fiber. It is widely used in smart-city projects. Increase in investment by government in smart-city project rises the demand of Li-Fi technology. However, lack of awareness of the technology hinders the growth of the market.

The global Li-Fi market can be segmented based on component, application, end-user, and geography. Based on component, the market can be bifurcated into LED, photo detector, microcontroller, and others. The LED segment dominates the global Li-Fi market. In terms of application, the Li-Fi market can be divided into smart lighting, mobile connectivity, disaster management, vehicle and traffic management, and others. Based on end-user, the market can be categorized into automotive, education, retail, healthcare, government, aerospace & defense, power & utilities, chemical, transportation, media & entertainment, IT & telecommunications, and others.

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In terms of geography, the global Li-Fi market can be classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the global Li-Fi market during the forecast period. This is due to the early adoption of Li-Fi technology in the region. Moreover, new product launches and innovation in the Li-Fi field have further boosted the growth of the market in the region. For instance, in January 2018, VLNComm, a Li-Fi technology provider based in the U.S., launched the first Li-Fi lighting panel. The company has introduced bi-directional Li-Fi lighting. Europe is estimated to account for the leading share of the global Li-Fi market during the forecast period, due to increase in focus of Li-Fi providers on innovation and new product launches. For instance, in October 2017, PureLiFi Ltd. introduced Li-Fi based product, LiFi-XC, which can be inserted into laptops, tablets, and smart devices. LiFi-XC offers the capability to deploy a fully-networked Li-Fi solution. Moreover, it supports multiple access, roaming, mobility, and simplicity. The Li-Fi market in Asia Pacific is expected to expand at a rapid pace in the near future owing to increase in investment and partnerships formed by Li-Fi providers in the region. For instance, in December 2016, PureLiFi Ltd. partnered with Temasek Holdings Private Limited (Government of Singapore) Investment Company based in Singapore.

Key players operating in the global Li-Fi market are focusing on strengthening their presence through research and development, product launches, collaborations and partnerships, and acquisitions. For instance, in February 2017, Philips Lighting B.V. (Philips Lighting) acquired Luciom, a Li-Fi technology provider headquartered in France. In September 2017, PureLiFi Ltd. partnered with Wipro Lighting Ltd., a provider of LED and conventional lighting products headquartered in Bengaluru, India. Through this partnership, PureLiFi Ltd.aims to provide LiFi products for the Asian market. Moreover, in February 2018, PureLiFi Ltd. introduced integrated Li-Fi for laptop and phone. Major companies operating in the global Li-Fi market include PureLi-Fi Ltd., Velmenni R&D Pvt. Ltd., Philips Lighting B.V. (Philips Lighting), VLNComm Inc. (VLNComm), Panasonic Corporation, Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc., General Electric, and LightBee Corporation.

Light Sensor Market Scope, Size, Share, Trends, Forecast (2019 – 2027)

According to a new market research report pertaining to the light sensor market, published by Transparency Market Research the global light sensor market is expected to reach value of US$ 2,435.9 Mn by 2027, expanding at a CAGR of 8.2% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, Asia Pacific would continue to lead the global market, with the market in the region expanding at a CAGR of 9.4% from 2019 to 2027. China, India, Japan, and South Korea are anticipated to be major contributors to the light sensor market in Asia Pacific during the forecast period.

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Rising adoption of smart home technology driving the global light sensor market

Light sensors convert light input into the corresponding electric output. Light sensors are used in different types of end-use applications such as automatic brightness control in electronic devices, automatic street lighting, signal control system, and smart home devices. Use of light sensors helps in minimizing the power consumption of devices. The light sensors market is recently gaining traction, due to increasing demand for consumer electronics products such as mobile phones, tablets, smart watches, and televisions worldwide. Moreover, smart home devices are increasingly adopting light sensors. This is likely to fuel the global light sensor market in the next few years. Across the globe, light sensor manufacturers are increasing their investments in the light sensor market in order to meet the increasing demand from various industry verticals such as consumer electronics, smart homes, automotive, health care, agriculture, and transportation.

Global Light Sensor Market: Scope of Report

The global light sensor market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the global light sensor market has been segmented into photo conductive cells, photo voltaic cells, and photo junction diodes. In terms of revenue, the photo conductive cells segment accounted for a major market share of more than 40% in 2018. The segment is anticipated to expand at a CAGR of 9.0% during the forecast period. In order to fulfill the global demand, various manufacturers of light sensors are focusing on research and development activities on a regular basis in order to find advanced applications of light sensors. Light sensors are used in different types of power- and energy-saving applications as well as energy conservation solutions. Increasing population and rising demand for smart electronics devices are expected to propel the demand for light sensors during the forecast period. Light sensors are cost effective and easy to operate. They have low maintenance costs.

Based on application, the light sensor market has been segregated into placement detection, brightness control, security, planning & agriculture, and others. In terms of revenue, the brightness control segment held the maximum market share in 2017. In addition to this, in terms of both value and volume, the brightness control segment is expected to expand at the maximum CAGR during the forecast period. Based on end-use industry, the light sensor market has been classified into consumer electronics, automotive, aerospace & defense, energy & power, healthcare, transportation, and others. In terms of revenue, the consumer electronics segment accounted for a major market share of more than 30.0% in 2018 and it is anticipated to expand at a CAGR of 8.9% during the forecast period.

As per TMR analysis, Asia Pacific accounted for a leading i.e. more than 35% share of the global light sensor market, in terms of both revenue and volume, in 2018. The Asia Pacific light sensor market is primarily driven by increased investments in modernizing of the infrastructure and risen urban population, especially in developing economies such as China and India. The global light sensor market is expected to witness further modifications, innovations, and advancements in light sensors in the near future, as several leading manufacturing companies are investing in research and development activities.

Global Light Sensor Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global light sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the light sensors market are Vishay Intertechnology Inc., STMicroelectronics, Texas Instruments, AMS AG, On Semiconductor, Broadcom, Maxim Integrated, Everlight Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Sharp Corporation, and ROHM Semiconductor. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by developing strategic partnerships and offering innovative solutions.

Intelligent Electronic Devices Market to reach value of US$ 19.31 Bn by 2026

According to a new market research report, published by Transparency Market Research the global intelligent electronic devices market is expected to reach value of US$ 19.31 Bn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 7.7% from 2018 to 2026. China, India, and Japan are expected to be major contributors to the intelligent electronic devices market in Asia Pacific during the forecast period.   

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Focus on Reducing T&D Losses

An intelligent electronic device (IED) is a device that is added to an industrial control system to enable advanced power automation. Constantly rising efforts to reduce T&D losses and high use of IEDs such as control circuit breakers, capacitor bank switches, and voltage regulators for the purpose of power fault detection in multiple industrial processes are expected to drive the global intelligent electronic devices market in the near future. Additionally, rising need for substation automation solutions in the solar industry and increasing demand for retrofitting of conventional substations are likely to impact the market in the next few years. The factor is also expected to create lucrative opportunities for manufacturers of intelligent electronic devices in the next few years. Moreover, intelligent electronic devices has become an important topic for scientists to research in. Furthermore, rising deployment of smart grids and favorable initiatives taken by government bodies are expected to propel the demand for intelligent electronic devices in the next few years.

Global Intelligent Electronic Devices Market: Scope of Report  

The global intelligent electronic devices market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the market has been segregated into digital relay, voltage regulator, protection relay, circuit breaker controller, load tap changer controller, recloser controller, capacitor bank switch, and others. Among types, the digital relay segment accounted for a major market share of more than 30.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 6.5% during the forecast period. In order to fulfill the global demand, various manufacturers of intelligent electronic devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of these devices. With growing urbanization and industrialization, the need for distribution systems that can function in harsh environments and occupy less space has been rising. IEDs such as PLCs, smart meters, and digital relays are optimal for use in substations, which creates significant potential for the growth of the global intelligent electronic devices market. In addition, rising urbanization is augmenting the demand for intelligent electronic devices suitable for use in harsh environments. This is likely to boost the demand for IEDs such as PLCs, load tap controllers, and digital relays in the next few years.

Based on application, the global intelligent electronic devices market has been segregated into mass transit system, traction signaling & control system, water supply & management system, automation, and condition monitoring. In 2017, the automation segment accounted for the maximum market share and is expected to maintain its dominance throughout the forecast period. On the other hand, the water supply & management system segment is anticipated to expand at the maximum CAGR of 6.7% during the forecast period.

In terms of end-use industry, the intelligent electronic devices market has been classified into automotive, pharmaceutical, oil & gas, petrochemical, health care, food & beverages, energy & power, water & wastewater treatment, and others. In terms of revenue, the automotive segment accounted for a major market share of more than 30% in 2017 and is anticipated to expand at a CAGR of 6.3% during the forecast period.

Retort Packaging Market Analysis Size Share Growth Trends Forecast 2027

In the age where people have lost time to eat due to busy schedules, the demand for processed food has sky-rocketed. This is simply because processed food are easily available, they last longer, and do not require time to cook. Some of them are instantly available for eating as well. Hence, the demand for processed food is growing by the day. While companies manufacturing processed food are happy about this trend, those who produce packaging material for processed food are also riding high. Transparency Market Research has recently published a report on the global retort packaging market. Further, the report states that the global retort packaging market will grow at 5% CAGR during the forecast period from 2019-2027.

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Retort Pouches to Lead the Way

According to the report, retort pouches alone account for 53% sales in the global retort packaging market. This is a prominent trend for players as they will have to devise strategies to capitalize on the products in this segment. Retort pouches find more usage as they have several advantages. They are easy to manufacture and come for a lesser cost when compared to other products in the global retort packaging market. Further, consumers are able to print easily on them and hence the possibility of promotions and branding is easier with retort pouches. At the end of the day, the cost of marketing and branding is also lesser with retort pouches. Hence, the demand for products in this segment of the global retort packaging market is expected to remain high in the coming years.

Besides this, the possibility of innovation is also higher with retort pouches as they are flexible and malleable. Hence, manufacturers in the global retort packaging market find it easy to produce new products and lure consumers. At the same time, consumers are also keen only having their own idea incorporated in the packaging of their products. Hence, the possibility of customizing demands from consumers is easy with retort pouches. This trend will also influence growth on the global retort packaging market in the coming years.

Plastic is Still the Go-to Material

While there are enough measures taken to stop use of plastic due to the harmful environmental impacts the material has, it remains the go-to material in the global retort packaging market. This is because it comes at a lower price and offer flexibility in creating different products. As a result, it has a direct impact on the consumer too. This trend is expected to support growth in the global retort packaging market.

At the same time, there is realization among manufacturers in the global retort packaging market about the adverse effects of plastic and hence they are working on producing products that can be recycled. This way, it will not impact the consumer sentiment and at the same time, they will be able to take care of regulations imposed by authorities on plastic.

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Packaging Machinery Market to Reach a Valuation of ~US$ 76.9 Bn by 2026

Packaging Machinery Market: Introduction

Transparency Market Research delivers key insights for the packaging machinery market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2019–2026. In terms of revenue, the global packaging machinery market is projected to expand at a CAGR of ~6%, in terms of volume, during the forecast period, due to several factors, about which TMR offers detailed insights and forecast in packaging machinery market report.

The global packaging machinery market is fragmented. With over a hundred players present in the market. However, most of the key manufacturers have their base in five major countries including Germany, Italy, China, the U.S., and Japan. Manufacturers present in markets in Germany and Italy market offer very high quality and technologically advanced packaging machinery as compared to those offered by manufacturers in other countries. However, the packaging machinery offered by manufacturers in the European region is higher in cost as compared to their counterparts based in the Asia Pacific region such as India and China. Around 60%-70% of the end user companies in the Asia Pacific are small-scale enterprises, which cannot afford to import expensive packaging machinery from the developed countries. However, TMR’s study also found that some of the companies in this region are not willing to compromise on quality over price. Increased consumption of packaged food products & beverages is expected to be the key dynamic force strengthening the growth of the global packaging machinery market. Overall, the global outlook of packaging machinery market is expected to remain positive during the forecast period.

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High Demand for Packaging Machinery from Food & Beverages Sector to Propel Market

Food & beverages industry is the single largest manufacturing sector in terms of value addition and job creation in most of the economies growing at phenomenal rate. Worldwide sales of processed and packaged food have increased substantially over the last decade. This is majorly attributable to the factor to population growth in developing economies in the Asia-Pacific, Latin America, and the MEA. The packaging machinery market is expected to witness substantial growth on the back of the rising popularity of on-the-go and packaged food products in developed as well as developing economies. Asia Pacific is expected to witness the highest growth in its GDP and middle-class households, driven by strong export orientation and manufacturing capabilities in China and India. Increasing private consumption is also anticipated to boost the demand for food service disposables in the region, which is expected to create a high-demand for packaging machinery in export-led economies. Consumer expenditure on food & beverages was estimated to be 8.5% of the global GDP in 2018. Moreover, consumer expenditure in the MEA and Asia Pacific is estimated to increase from 53% of the global expenditure to more than 60% in 2030, on the account of rise in disposable incomes of the middle class families in these regions.

Machinery Automation to Create Lucrative Opportunities

Integration of different systems into one is the latest trend observed in the packaging machinery market. Companies strive to offer smart maintenance services along with high optimization of packaging processes in their product lines. With the introduction of end-to-end information exchange systems in the product lines, the production efficiency has improved significantly with the reduction in complexities of the production processes. Crosslinking of automation, IT, and IOT in the production lines is anticipated to simplify inventory management for different machine components. Manufacturing companies are increasingly automating their production processes while reducing the number of workers on a production line. It is however necessary to provide seamless visualization and transparent solutions on the production line to continuously innovate and improve process and respond promptly when required. The growing need for easy integration of new machines into existing systems is expected to create immense opportunities for packaging machinery market.

Packaging Machinery Market: Competition Landscape

Key service providers can leverage the remunerative growth potential that the nascent packaging machinery market promises to offer. To benefit the most from this scenario, leading service providers in the packaging machinery market are strengthening their market presence through strategic acquisitions. Key companies profiled in the packaging machinery market report include Robert Bosch GmbH, I.M.A. Industria Macchine Automatiche SpA, Tetra Pak International S.A., Coesia S.p.A., Marchesini Group S.p.A., OPTIMA Packaging Group GmbH, Omori Machinery Co. Ltd., ProMach, Inc., Herma GmbH, Videojet Technologies, Inc., Muller Load Containment Solutions, Premier Tech Chronos Ltd., Ishida Co. Ltd., PFM Group, GEA Group Aktiengesellschaft, and Sidel S.A.

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Express Delivery Market Comprehensive Industry Report Offers Forecast and Analysis on 2019-2027c

Express Delivery Market – Delivering products at great speed

• Express delivery is a quick parcel delivery service for which the customer pays a considerable amount. It is a facility for international and domestic mail. It is mostly regulated by the postal management of the country where the delivery takes place.
• It is used to deliver non-palletized parcels in limited amount of weight. These include documents, parcels, and letters to various customers such as retail customers, business customers, and government agencies in specific destinations.
• Rapid growth in domestic and international trade, and overall economic growth are the key factors driving the demand for express delivery across the globe.

Global Express Delivery Market: Dynamics

Growth in E-commerce

Rapid growth in urbanization and rise in disposable income of consumers are driving the e-commerce industry. Inclination toward online services owing to the rise in usage of smartphone devices has resulted in growth of trade through online portals. This, in turn, has been driving the global express delivery industry. Increase in Internet penetration has led to a rise in last-mile delivery services. Additionally, prominent e-commerce players such as Amazon are focusing on improvement of their speed of delivery and reach. Thus, these companies are investing significantly in express delivery services.

Increase in Value-added Services

Major players operating in the express delivery services have changed their business models with deeper engagement in customer relationship in order to provide a varied range of value-added services in domestic, cross border, and inter-regional trades. These include sorting and grading of products, packaging, picking, order processing through storage, management information systems (MIS), analytics services in mobile tracking applications, logistics supply chain, online tracking of parcels, e-mail alerts and SMS, and hub-to-spoke collection centers.

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Global Express Delivery Market: Regional

Asia Pacific to hold a significant share of the Global Express Delivery Market

• Geographically, the global express delivery market can be bifurcated into five regions: North America, Europe, Asia Pacific, Middle East & Africa and South America
• North America region is broken down and analyzed at country-level including the U.S., Canada, and Rest of North America. The express delivery market in Europe when broken down to country level includes Germany, France, the U.K. and Rest of Europe. On a similar note Asia Pacific express delivery market include China, Japan, India and Rest of Asia Pacific. Middle East & Africa express delivery market analysis include GCC countries, South Africa and Rest of Middle East & Africa. The South America express delivery market is bifurcated into Brazil and Rest of South America.
• Asia Pacific is anticipated to be the one of the largest express delivery market due to rise in e-commerce across China, India, etc. It is also expected to be the fastest growing market during the forecast period.
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Motorcycle Boot Market – Competitive Insight, Trends, Forecast 2027

Global Motorcycle Boot Market: Introduction

The global motorcycle boot market is deriving significant growth from the rising popularity of motorcycle racing events across the world. Due to their shock absorbing capabilities, motorcycle boots have become a must have in every biker’s kit, boosting their demand to a great extent.

This report analyzes the dynamics of different verticals present in the worldwide motorcycle boot market and the impact of their performance on the overall growth of this market.

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Global Motorcycle Boot Market: Competitive Analysis

The global motorcycle boot market demonstrates a fairly fragmented and competitive market. There are a lot of key players in this market, including:

• Harley Davidson
• Bates Footwear
• CorTech
• O’Neal
• Forma Boots
• Skechers
• Durango Boots
• Dr Martens
• FRYE

Players in the global motorcycle boot market continue to launch new products to remain in the competition. Recently, Icon 1000 introduced its new range of motorcycle boots - Varial Boot. Given their style and protection, these boots are said to be a good buy in the mid budget section. Another new launch in the global market is Aether’s Moto Boot, which are said to be safer but a bit expensive.

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Global Motorcycle Boot Market Dynamics

The increasing awareness about road safety among consumers has fueled the demand for motorcycle boots across the world. Apart from protecting riders’ feet and ankles, motorcycle boots also help in maintaining motorcyclists’ balance while riding. Riders are increasingly adopting motorcycle boots to avert accidents, which is reflecting greatly on the global motorcycle boot market. However, the rigidity of the material, with which these boots are created, often causes feet to sweat and does not provide the required flexibility to riders. This, in turn, limits the usage of these boots and, eventually, impacts negatively on the market’s growth. Nonetheless, companies are carrying out research to find a suitable solution and experts believe that they will soon come up with it.

North America to Benefit from Popularity of Motorcycle Racing

Among all regional markets for motorcycle boots, two markets stand out. First is North America, the current leader of the global motorcycle boot market and the second is Asia Pacific, the most promising one. The large pool of motorcycle riders, together with high popularity of bike racing events, has kept North America at the top. Even in the near future, the scenario does not seem to change a lot. The American Motorcyclist Association organizes a number of motorcycle events every year, such as AMA Grand National Championship, and AMA Supercross Championship, which are very popular among Americans, especially the young adults. Apart from these the U.S. also hosts several motorcycle rallies, annually. All these events results in an increased number of bike riders and, consequently, a rise in the demand for motorcycle boots in this region.

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Makeup Oil Market – Competitive Landscape, Latest Trends, Forecast 2027

Makeup Oil Market Introduction

Makeup oils are naturally replete with vitamins that help to repair and protect the skin. A variety of makeup oils are available in the market. Most of them are concentrated with vitamins A and E, which work to smooth fine lines and soften skin, respectively. The most common use of makeup oil is as a remover to cleanse makeup and at the same time keep skin hydrated. The much needed nourishment of the skin is provided by makeup oil at the time of makeup removal.

Makeup Oil Market- Competitive Landscape

Sephora USA, Inc.

Sephora is reputed for its innovation, expertise, and entrepreneurial spirit. Sephora not only has perfume and cosmetics stores in France, but a powerful beauty presence in countries around the world. This is possible due to its assortment of products in every category, unbiased service from experts, interactive shopping environment, and innovation. Sephora operates over 2,500 stores in 32 countries worldwide.

Leland Francis

Leland Francis has a line of clean, natural, small-batch beauty products concepted to help lay the foundation for proper makeup application. The products are paraben-free, filler-free, with no artificial colors or fragrances. The company is well known as a manufacturer of cosmetic products which are vegan skincare formulations crafted in the USA.

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Clinique Laboratories, llc.

Incorporated in 1973, the company’s portfolio includes the wholesale distribution of prescription drugs, proprietary drugs, and toiletries. Clinique Laboratories is a subsidiary of Estee Lauder Companies Inc.

Sunday Riley

Sunday Riley makes use of clinically proven ingredients blended with balancing botanicals, for non-irritating, fast-acting formulas. The company is committed to devise innovative ways to preserve products so that the preservative level is low. Moreover, the perfumes made by the company use flower and plant extract and oil, instead of artificial fragrances.

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Chemical, Biological, Radiological and Nuclear (CBRN) Security Market to be worth US$15,074.8 mn by 2025

The analysts of a recent business intelligence study by Transparency Market Research (TMR) has detected that the global chemical, biological, radiological, and nuclear (CBRN) security market is quite consolidated in nature with four companies reserving nearly 70% of the total shares in 2016. The four companies who are ahead of the curve, viz. Honeywell International, 3M Company, MSA Safety, and Ansell Ltd., have established themselves by expanding geographically, frequently indulging in mergers and acquisitions as well as eyeing strategic collaborations. For instance, the 3M Company acquired Scott Safety in Market 2017, adding the North Carolina based company to its portfolio. Boeing Company, Unisys Technologies, Lockheed Martin, International Business Machines Corporation (IBM), Accenture, and Siemens AG are some of the other notable companies currently holding a notable position in the global CBRN security market.

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Global CBRN Security Market to be worth US$15,074.8 mn by 2025

According to the projections of the TMR report, the demand in the global CBRN security market will multiply at a CAGR of 4.8% during the forecast period of 2017 to 2025, by the end of which the opportunities in the market are estimated to translate into a revenue of US$15,074.8 mn, substantially up from its evaluated worth of US$9,890.0 mn in 2016. Going forward, the vendor landscape of the global CBRN market is expected to remain intensely competitive with the development of innovative products turn out as the primary mode for the companies to gain greater shares. For example, Honeywell’s NIOSH CAP 2 is quite popular as an escape hood as it offers nearly 30 minutes of protection from many contaminants and its dual cartridge design helps in providing comfort. The product is currently being used for industrial safety purposes.

Based on type, the TMR report segments the CBRN security market into chemical, biological, radiological, and nuclear, with the latter providing for more than 33.8% of the total demand in 2016. On the back of strict government regulations and international laws pertaining to nuclear products, this particular segment is expected to maintain its leadership position throughout the forecast period. Based on function, the report bifurcates the market for CBRN security into detection equipment, protection equipment, simulation systems, and decontamination equipment, with the protection equipment currently providing for the maximum demand. Geographically, the analysts of the report highlights North America as the most lucrative region, gaining maximum demand from the technologically developed country of the U.S. That being said, Asia Pacific houses a number of emerging economies such as China, India, South Korea, and Japan, who all are incrementing their defense and security budget and are expected to turn the region into a highly lucrative one towards the end of the forecast period.

Unfavorable Geopolitical Tensions Driving Demand

Increased emphasis of a number of emerging economies, particularly those in the BRICS nation, is the primary driver of the global CBRN security market. These countries have recognized the threat that various foreign radicals such as cross border terrorism pose to their citizens and are allocating extended budget to upgrade their monitoring and surveillance systems. Unfavorable geopolitical tussles among a number of neighboring countries has led to cold war in various disputed locations across the world and growing concerns of CBRN attack is propelling the market for the systems that provide adequate protection against it.

On the other hand, high cost of equipment pertaining to CBRN security and their maintenance are the primary obstruction that is holding the market from attaining its true potential in a number of emerging economies.

The information presented in this review is based on a Transparency Market Research report, titled, “Chemical, Biological, Radiological and Nuclear (CBRN) Security Market (Type - Chemical, Biological, Radiological and Nuclear; Function - Protection Equipment, Detection Equipment, Decontamination Equipment and Simulation Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017- 2025.”

Industrial Wireless Sensor Networks Market to reach US$ 5,383.8 Mn by 2026 – TMR

The industrial wireless sensor networks market is projected to witness strong growth during 2018-2026 with a robust CAGR of 12.3%. The market is poised for growth as application like automation, monitoring, and control continues to drive demand from agriculture, manufacturing, construction, among others. The rising demand for environmental monitoring, commercialization of agriculture, and rise of essential protocols like location-based service is expected to drive growth.

Moreover, supporting infrastructure ike low cost Bluetooth technology, growing precision in location based service with devices like beacon and radio collars, and mobile assets are expected aid growth in the near future.

Application Specific and Easy-to-Use Control Remain Major Advantages for End-Use Industries

The global industrial wireless sensor market is expected to witness a surge of demand from various industries including IT, oil and gas, healthcare, automotive, and others. The easy-to-use nature and application specific nature of the technology remains important for a wide variety of industries. Wireless sensors remain important for the burgeoning IT industry as various new technologies like IoT, Artificial Intelligence, and Virtual Reality benefit tremendously from the application wireless sensors. Additionally, technologies like AI used in warehouses of Amazon requires the use wireless sensors for both increasing productivity as monitoring for safety. Amazon, the e-commerce giant also opened fully-automated retail stores with the help of industrial wireless sensor network technology. The growth of automation in retail can enhance various aspects of automation as the technology is at the forefront of human interaction and promises to bring in new insights for growth.

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Automotive to Remain a Challenge and a Great Opportunity  

The automotive sector has witnessed several lows and highs in recent time. On one hand, global economic slowdown impacted sales in major markets like the US. Additionally, the push for greener fuels ultimately resulted in major innovations in both commercial transport vehicles, as well as passenger vehicles. The rise of electric vehicles is a major opportunity for automakers. Most major manufactures are planning to release electric versions as the competition heats up and emission goals come to the forefront. The increasing automation in factories as well as in the driving aspect remains a major challenge and source of opportunity. On one hand, it promises a new base of consumers who are awed by next-gen vehicles. On the other hand, trends like rent-a-vehicle are changing the way people use cars globally. In regions like North America, the growth will remain robust as owning a car is essential for most. However, in cities, the growth of automobile remains a challenge.

Asia Pacific Region to Remain Lucrative for Growth

The industrial wireless sensor market remains lucrative for growth as manufacturing, trends like 3D printing continue to promise new in-roads in efficient and productive manufacturing. Additionally, technologies like 3D printing also promise new innovation in automotive, manufacturing, and IT sector. The rising manufacturing in Asia Pacific promises new opportunities for players in the industrial wireless sensor market.

Accounting Software Market to Reach US$ 11,771.6 Mn by 2026 – TMR

According to a new market report published by Transparency Market Research, the global accounting software market was valued at US$ 5,715.9 Mn in 2017 and is expected to reach US$ 11,771.6 Mn by 2026, expanding at a CAGR of 8.6% from 2018 to 2026. According to the report, North America was a prominent contributor in terms of revenue to the global accounting software market in 2017. This is primarily due to the integration of accounting software with smartphones, tablets, and computers across the region. 

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Demand for compelling user-interfaces is driving the global accounting software market

Most accounting software/systems currently in use are becoming obsolete as they lack technological competitiveness, as compared to the new comprehensive models that possess the ability to take care of various operations simultaneously. This creates a favorable environment for the overall expansion of the accounting software market, in terms of an upgrade.

Accounting software tops at analyzing business practices, and it helps rapidly identify cash flows in an operation. It is a software that manages all financial transactions and has extensive data at its disposal in order to generate various reports. The reporting options are virtually unlimited, depending on the type of software that is used. Additionally, using accounting software also helps save money and time and offers valuable insights into the business. Furthermore, a significant expectation from accounting software presently is that the user-interface needs to be more engaging and is expected to provide a near consumer-like experience. This is a key factor that is anticipated to boost the accounting software market.

Accounting Software Market: Scope of the Report

The global market for accounting software can be segmented based on deployment, software type, application, enterprise size, industry, and geographic regions. In terms of deployment, the market can be classified into Software as a Service (SaaS), on-premise, and hybrid. The Software as a Service (SaaS) segment is anticipated to hold a prominent share of the accounting software market, in terms of revenue, by the end of 2018. Based on software type, the market can be divided into commercial off-the-shelf, enterprise accounting software, custom accounting software, reconciliation, and tax management. The enterprise accounting software segment is projected to hold a notable share of the market by the end of 2018. However, the tax management segment is estimated to expand at a significant pace during the forecast period. Furthermore, based on application, the global accounting software market can be categorized into payroll management systems, billing & invoice system, enterprise resource planning systems, time & expense management systems, and others. The time & expense management systems segment is expected to expand at a significant growth rate in the near future. In terms of enterprise size, the market can be classified into small and medium, and large enterprise. The large enterprise segment is likely to account for a major share of the market during the forecast period due to the fact that large enterprises prefer accounting software as compared to the traditional accounting methods, as it saves time and accounting can be performed easily with less manpower. Based on industry, the accounting software market can be split into banking, financial services, and insurance; telecom and information & technology (IT); manufacturing, construction, wholesale distribution, non-profit organizations, chemicals, food and beverage, and others. The banking, financial services, and insurance segment is expected to hold a considerable share of the market during the forecast period.

In terms of geography, the global accounting software market can be segmented into North America, Asia Pacific, Europe, South America, and Middle East & Africa. Among the regions, North America is expected to dominate the global accounting software market during the forecast period. However, Asia Pacific and Europe are also expected to account for significant market share during the forecast period.

Global Accounting Software Market: Competitive Dynamics

Players in the accounting software market are partnering with other technology companies in order to expand their market presence. The global accounting software market includes different players such as Oracle (NetSuite), Sage Group Plc., Workday, Inc., Zeta Software LLC, Infor, Inc., Microsoft Corporation, SAP SE, Intuit Inc., Epicor Software Corporation, Xero Ltd., Red Wing Software Inc., Zoho Corporation, MRI Software, AccountMate Software Corporation, and Acumatica Inc.

3D Laser Scanner Market to reach US$ 4,338.0 Mn by 2026 – TMR

The global 3D laser scanner market is predicted to display a stellar 9.60% CAGR between 2018 and 2026, says Transparency Market Research (TMR ) in one of its latest publications. “Across a host of industries, continually rising demand for 3D designs is a key factor for the growth of 3D laser scanner market. Manufacturing, among them, displays significant demand for 3D laser scanners. The vast array of industrial and consumer goods produced today are dependent on technology for fine details. The use of 3D laser scanning for measurement and inspection of contoured surfaces and complex geometries is an example. On the contrary, traditional measurement methods are ineffective for manufacturing processes that involve massive amount of data for accurate description.

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Technological Advancements boosts Functionality

“Technological advancements in 3D laser scanners is serving to be a boon for the growth of 3D laser scanner market, says lead analyst of the study.” Latest 3D laser scanner minutely captures size and shape of the object that appears as a point cloud account for their surging uptake. Novel 3D laser scanners display phenomenal precision in terms of capture of size, shape, and speed of collection. Consequently, improvement in quality control and inspection standards are tangible benefits of novel 3D laser scanners. This is a plus for the growth of 3D laser scanner market.

In addition, novel 3D laser scanners enable choice of modeling as well. The choice of modeling depends on application for which 3D laser scanner is used.

3D laser scanners are suitable for various functional use. Point cloud data for inspection and computer aided design (CAD) model for reverse engineering are some functional uses of 3D laser scanners.

Expanding Application attracts New Participation

R&D for innovations and technological developments is the focus of key players in the 3D laser scanner market, says the report. Continually rising applications of 3D laser scanners across industry verticals is attracting new participants to foray in the 3D laser scanner market. This is resulting in rising competition in the 3D laser scanner market.

In such scenarios, key players are striving for strategic collaborations and partnerships for competitive gains. Such alliances are translating into win-win situation for both parties to benefit from each other’s technological knowledge. Prominent players operating in the 3D laser scanner market include Nikon Corporation, Creaform, 3D Digital Corp., Artec 3D, Trimble Inc., FARO Technologies Inc., Hexagon AB, Topcon Corporation, Perceptron Inc., and Zeiss Group.

North America holds prominence in the overall 3D laser scanner market. Vast use of technologically advanced processes for design, manufacture, and execution is a key factor behind growth of North America 3D laser scanner market. Use of 3d laser scanner for manufacturing and construction projects are some factors for the growth of 3D laser scanner market in North America. Serving this, the 3D laser scanner market in North America is projected to account for more than 50% of overall market in the forthcoming years.

Data Center Infrastructure Management Market to reach US$ 6,862.1 Mn by 2026 – TMR

According to a new market report published by Transparency Market Research, the global data center infrastructure management (DCIM) market is expected to reach a value of US$ 6,862.1 Mn by 2026 on account of growing adoption of DCIM software and solutions such as IT asset management and facility management across various industries. The market is projected to expand at a CAGR of 18.1% during the forecast period from 2018 to 2026. The market in Asia Pacific is anticipated to experience healthy growth during the forecast period which is expected to be followed by Middle East & Africa.The data center infrastructure management (DCIM) solution segment is expected to see flourishing growth, owing to rising demand for data center infrastructure management (DCIM) in various industries such as IT, telecom, banking, retail, etc.

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Rising demand for energy efficient data centers driving the global data center infrastructure management (DCIM) market

Due to the increasing usage of internet globally, the amount of data being generated is expected to drive the growth of data centers or server farms in the coming years. Most of the data centers have 24x7 operations which generate huge consumption of energy for cooling, lighting, IT equipment and others. The energy consumption also varies depending on the data center load which triggers better cooling needs. According to the National Resources Defence Council (NRDC), an environmental action organization, U.S. data centers in 2013 alone consumed 91 billion kilowatt-hours of electrical energy, which is expected to reach 139 billion kilowatt-hours by 2020. This is expected to put stress on data center companies in order to reduce their energy consumption and optimize data center efficiency. The usage of DCIM solutions is expected to fulfil this demand in the near future.

Data Center Infrastructure Management (DCIM) Market: Scope of the Report

The data center infrastructure management (DCIM) market is segmented based on solutions, software component, industry vertical, and geography. Based on solutions, IT asset management is estimated to have the largest share of around 48.5% in 2018. The combined growth of IT assets and DCIM software is expected to contribute to the growth of IT asset management solutions over the forecast period. On the basis of software component, the IT asset software solution segment is expected to contribute the largest market share. However, the DCIM software segment is expected to expand at the highest CAGR during the forecast period from 2018 to 2026. In terms of industry, the market is subdivided as BFSI, IT, telecom, healthcare, retail, and others. IT, telecom, and other segments are expected to account for a considerable market share in the coming years.  Rising demand for better energy efficiency in data centers and favorable regulations, boosting the adoption of green data centers is expected to drive the growth of the market in the coming years.

North America is expected to be the largest geographical market in terms of revenue in 2018. The presence of a large number of DCIM players and the existing data centers is expected to support the demand for DCIM in North America in the coming years. The U.S. is expected to be a significant contributor to the DCIM market in North America. Europe is anticipated to contribute a consistent market share during the forecast period owing to growing awareness and demand for additional green data centers over the forecast period. The Europe DCIM market is projected to expand at a CAGR of 16.2%.

In terms of new opportunities, the market in Asia Pacific is expected to witness healthy growth during the forecast period. Increasing awareness of data center infrastructure management (DCIM) as well as adoption of advance and technological solutions in data centers across countries such as India, South Korea, and Taiwan is expected to offer prominent opportunities to the data center infrastructure management (DCIM) market.

Virtual Evolved Packet Core (vEPC) Market to be worth US$ 15,900 Million by 2026 – TMR

The international market for virtual evolved packet core is forecasted to rise at a growth rate of 36.3% over the timeframe of forecast that extends from the year 2018 to the year 2026. In accordance with a report by Transparency Market Research (TMR), the international market for virtual evolved packet core is expected to be influenced by a wide range of industry-specific and macroeconomic factors. The world market for virtual evolved packet core market was valued at around US$ 969.9 Mn in the year 2017 and is prognosticated to register a double digit growth of 36.3% CAGR over the timeframe of forecast that extends from the year 2018 to the year 2026.

The key market players that have been profiled in the international market for virtual evolved packet core comprise eminent names such as ng4T GmbH, Affirmed Networks, ZTE Corporation, Ericsson AB, Cisco Systems, Inc., Mavenir, Huawei Technologies Co., Ltd., Nokia Corporation, NEC Corporation, and Intel Corporation.

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North America to Lead the Market over the Period of Forecast

Taking regional segmentations into consideration, the global market for virtual evolved packet core has been divided into the regions of Latin America, North America, Middle East and Africa, Asia-Pacific, and Europe. North America has accumulated highest share of revenue in the year 2017 owing to easy adoption of 4G technology. With the increase in the utilization of virtual evolved packet core, various vEPC services and solutions services providers in the region of North America are collaborating with each other and emphasizing on offering many different advanced technology solutions to its consumers. In the region of Europe, numerous players are establishing partnerships so as to deploy vEPC on a large scale in a bid to deliver the service throughout the region. European region is expected to experience substantial rate of growth over the period of forecast. In the region of Asia Region, the demand for virtual evolved packet core solutions is projected to remain concentrated in countries India and China, due to a larger base of consumer in the said region. India is expected to expand at a substantial CAGR in various countries of Asia Pacific region over the period of forecast due to the increasing number of LTE subscribers and rising dependency on the internet.

Advancement in Networking Technologies to Encourage the Market Growth

Soaring demand for elastic and flexible networks, phenomenal penetration of smart phone, and increased number of LTE subscribers has augmented growth and penetration of virtual evolved packet core market across the globe. Rising demand for operational expenditure (OpEx) and savings in capital expenditure (CapEx), increased adoption of virtual evolved packet core solution by enterprises has further impacted the market positively. Rising demand of consumers for high speed data networks so as to ensure reliable mobility and connectivity has further bolstered the demand for solutions of virtual evolved packet core. Several advancements in the industry of networking like VoLTE, LTE, and 5G are anticipated to bolster the demand for solutions of virtual evolved packet core.