Specialty Printing Consumables Market-Rising Adoption of Advanced Technologies to Bolster Market’s Growth Prospects

In the highly competitive and fragmented Europe specialty printing consumables market, a notable transformation has been observed from focus on traditional printing technologies such as lithographic and offset printing to digital ones such as laser printing in the past few years, observes a recent report by Transparency Market Research. This trend is expected to gain strength with time and an increasing number of companies operating in the specialty printing consumables market are expected to venture into the field of digital printing in the near future. Many companies, such as Electronics for Imaging, Inc., which acquired Reggiani Machine in 2015, a leader in digital textile printing machines, are already making their move into the world of digital printing.

TMR estimates that the Europe specialty printing consumables market will exhibit a 3.7% CAGR over the period between 2016 and 2024. As a result, the market, which had a valuation of US$20.22 bn in 2015, is expected to reach US$28.21 bn by 2024. In terms of product variety, the segment of toners, which occupied nearly 51% of the market in terms of revenue, dominated in 2015. The segment is also expected to retain its dominance over the forecast period. In terms of geography, the market in Germany emerged as the most prominent consumer of specialty printing consumables in 2015. The market in Germany accounted for over 31% of the Europe market in the said year.

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Rising Adoption of Advanced Technologies to Bolster Market’s Growth Prospects

The Europe market for specialty printing consumables is chiefly driven by the rising use across the textile industry for textile printing applications, availability of effective technologies for printing processes, and rising applications in the packaging industry. Rising applications in the form of packaging printing and label printing are expected to make the packaging industry one of the key growth drivers of the Europe specialty printing consumables market in the near future. The growing volume of exports and online orders for products through e-commerce websites will add to the rising demand for printing consumables in the packaging and labelling sector in Europe.

Availability of cost effective and less time consuming printing techniques such as 3D printing are becoming a growing trend in the Europe specialty printing industry. The rising adoption of such technologies is opening new and diverse growth avenues for manufacturers of specialty printing consumables in the Europe specialty printing consumables market. In addition to this, the increasing adoption of technologies such as mobile and cloud printing are also expected to lead to growth opportunities for new players in the market in the next few years.

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Low-cost Printing Services from Asia Pacific to Restrain Market

Specialty printing consumables companies in Europe are expected to bear the brunt of the cheaper printing services provided by countries in the Asia Pacific region. Vast investments in the printing industry in Japan and China, especially in the 3D printing sector, have helped the Asia printing industry become one of the most promising regional markets in the global printing industry of late.

In addition to this, the availability of cheap labor and advanced technologies enable these countries to meet quality demands of the European consumer at a fairly lower cost as compared to European service providers. The European commission has stated that printing exports from China to Europe have increased by about four times over the past decade.

Positive Displacement Sanitary Pumps Market- The Increased Adoption Of Advanced Pump Systems Capable Of Providing Real-Time Feedback Of System

The global positive displacement sanitary pumps market has been experiencing a growing level of consolidation, with key players such as Fristam Pumps, IDEX Corporation, and Alfa Laval AB are projected to rise to more prominence when compared to the local vendors in the coming years. Smaller takeover of the niche players by the companies, permitting the latter to easily expand their business horizons across attractive regional markets and also extend their technological and product portfolio is thought to the highly preferred development strategy.

The global market for positive displacement sanitary pumps was valued at US$4.55 bn in the year 2015. The market is expected to grow and reach an overall valuation of US$10.65 bn by the end of 2024. This growth of the market is expected to be achieved with the help of an impressive CAGR of 10.1% over the course of the given forecast period of 2016 to 2024.

With respect to the varieties of positive displacement sanitary pumps that are available in the global market, the gear pump segment led the market with holding over 32% of share in the revenues of rotary positive displacement sanitary pump market in 2015. Asia Pacific market is expected to continue its dominance across the globe with the region accounting for almost 39% of the overall share in the market in 2015.

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Increasing Awareness among Consumers Augmenting Growth of Market

There are several factors that are augmenting the overall development of the global market for positive displacement sanitary pumps. One of the key driving factor for the growth of the global market is thought to be the increasing awareness among customers about the serious consequences that may occur due to failure of addressing safety practices and sanitation at the critical stages of food handling. This has also led to rising emphasis on the enforcement of strict regulations about sanitary practices in the food and beverages sector. The key players operating in the pharmaceutical sector also take of these strict sanitary regulations across a number of procedures. In the last few years, the framework of regulations that governs the sanitary practices across the industry has become more expansive and strict so as to address the issues related to safety and sanitation across different areas such as supply chain and fluid handling. These factors are expected to drive the overall development of the global market for positive displacement sanitary pumps and are also projected to have a considerable impact on the overall future developments in the market.

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The overall demand for positive displacement sanitary pumps is also projected to be augmented by the growing trend of urbanization across the manufacturing and industrial sectors, especially across emerging economies such as China, India, and Brazil. In addition to this, the increasing uptake of intelligent or smart pump systems in the industrial sector, mainly owing to the increasing demand for providing real-time feedback on tracking the location of bug in system or overall performance of the system is also projected to drive the overall demand for the global market for positive displacement sanitary pumps.

 

IT Asset Management (ITAM) Software Market- Growing Demand for Centralization and Automation Driving Adoption of the Market

Some of the most prominent names in the global IT asset management software market have a very strong presence in North America, making the regional market an immensely competitive one. According to a study by Transparency Market Research (TMR), ServiceNow Inc., Cherwell Software Inc., Hewlett Packard Enterprise Development, and Aspera Technologies, Inc. are some of the leading names operating in the North America market. In order to gain competitive advantage the market players are focusing on mergers and collaborations and partnerships. Besides these, companies offer customized solutions to help customers meet the ever-rising complexities in the IT environment.

Between 2016 and 2024, the market is expected to rise at a CAGR of 6.9%. At this pace, the global IT asset management software market will reach US$13 bn by the end of 2024 as compared to US$708.9 mn in 2015. On the basis of size of enterprise, large enterprises will account for the leading share in the global market. Based on end use, IT and telecom sector is forecast to lead the global market. Regionally, the global IT asset management software market comprises Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. Among these regions, North America is forecast by TMR to continue dominating the global landscape through the course of the report’s forecast period.

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IT Asset Management Software Helps Recognizing Illegal Installation – a Key Factor Enabling Growth

Several factors will support growth of the global IT asset management software market, the rising focus on asset inventory management being one of them. The software allows organizations to monitor the utility of software bought and it also identifies if there is a need of upgrading either the operating system or the software. In addition to this, IT asset management software has proved helpful in the identification of illegal installation, thus preventing various vulnerabilities while ascertaining compliance with popular security policies. These advantages offered by IT asset management software have played a crucial role in fuelling its demand worldwide.

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Furthermore, the rising demand for centralizing and automating IT infrastructure will give thrust to the market’s growth pace in the coming years. With an increasing number of enterprises around the world inclining towards consolidation, besides establishing centralized IT operations, the demand for IT asset management software is likely to surge further in the coming years.

 

Currency Exchange Software Market- The Use Of Cloud Computing Benefits Enterprises And Organizations In Terms Of Costs

In the past decades, traders used to exchange coins across different countries. However, foreign exchange has undergone some extreme transformations over the years. Trading volume has increased rapidly over time, especially after exchange rates were allowed to exist independently. In recent times, firms buy and sell products from more than just one local or national markets. Generally, a firm’s supplier is located in a different country. In order to make purchases and sell their own goods internationally, firms need to change units of one currency for units of another currency. The desire to perform a transaction internationally provides the motivation for a large, well-functioning market that facilitates such currency conversions and allows global economic integration and trade to take place smoothly and quickly at a low cost. Both, by volume of trade and ease of making transactions, currency markets are considered as the world’s deepest, most liquid markets.

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Due to significant use of information technology and an increase in competition, an organization’s survival and success greatly depend on the timely availability of relevant data. Today, organizations are continuously bombarded with information from the external environment due to advancements in IT. Therefore, there is a critical need for efficient and effective IT standards. . However, with the growing evolution of currency exchange, organizations are emphasizing on developing advanced technology that is used for handling currency exchange transactions. Currency exchange software is one such step adopted for currency exchange operations.

The major driver of the global currency exchange software market is the adoption of cloud technology. The technology is significantly used to store and manage data and related operations. The use of cloud computing benefits enterprises and organizations in terms of costs. Cloud computing services have been openly accepted across several industries. This is because almost all organizations rely on information technology resources to conduct their daily work. In addition, cloud-based solutions help in reducing the complexity of managing access controls and content classification and retention policies. The also aid in the monitoring, auditing, and reporting of the capabilities of the information. Furthermore, there is an increase in demand for industrial automation and investments from companies in simulation technology and its application with the objective of sustainable development. This is anticipated to propel the currency exchange software market. Moreover, rise in demand for forex trading is fueling the global currency exchange market. Generally, forex refers to the foreign currency exchange market, in which over 4,600 international banks and millions of small and large speculators participate worldwide.

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Rapid Growth Mobile Marketing And Hybrid Technology is Also Expected To Create Lucrative Opportunities For The A2P Messaging Market

A2P Messaging Market: Overview 

Application-2-person messaging has gained popularity in the worldwide as it automatically send messages to customers. It is largely used by various business organizations to communicate with their customers, helps in facilitating delivery of time-sensitive alerts, and authenticate user of online services.

The global A2P messaging market can be classified on the basis of end users and product type. The key end users in which the market is segmented are tourism, BFSI, entertainment, retail, healthcare, media, marketing, and others.  The demand for A2P messaging is likely to increase in BFSI industry as various services provided by the bank such as account transfer, requesting account information, and making payments in which messaging are widely used.

The report on the global A2P messaging market presents an in-depth analysis on this market. It includes the major factors responsible for the growth of this market. Drivers and restraints give the current picture of the market, whereas trends and opportunities will provide how the demand for A2P messaging will shape in future. Segmentation supports and justifies the above-mentioned factors. In addition, geographic analysis and vendor landscape explains how investors and players can take strategic decisions in the coming years.

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A2P Messaging Market: Trends and Opportunities

The rapid growth in mobile and internet penetration across the globe has grown the need for A2P messaging. Rising use of mobile banking, mobile payments, mobile healthcare, and online purchase has further augmented the demand in this market. In addition to that, rapid growth mobile marketing and hybrid technology is also expected to create lucrative opportunities for the A2P messaging market.  Increasing employment of A2P messaging in various industries are expected to drive market’s growth in the near future.

On the contrary, rising threats related to mobile malware, spam messaging and phishing, and technical irregularity related to the concept of bulk SMS might deter the growth of the A2P messaging market.

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A2P Messaging Market: Geographic Analysis

Key regions covered in the global A2P messaging market are Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. Among these regions, North America is expected to lead the market. This is attributed to the growing demand of A2P messaging platforms mainly in the financial institutions and banks. Moreover, various market interactive services in North America use A2P messaging technology for donations, elections, and voting. Presence of large number of leading players and rapid shift from desktop-first to mobile-first strategy are further benefitting the growth of the A2P messaging market. On the other hand, Asia Pacific is expected to offer lucrative growth opportunities for the A2P messaging market in the coming years. This is attributed to the rising demand for customer management service in the region.

 

Global Text Analytics Market to Be Worth Us$12.16 Bn with Increasing Priority of Consumer Preferences

According to a recent report compiled by Transparency Market Research (TMR), the vendor landscape of the global text analytics marketis estimated to show remarkable growth owing to the growing demand for IT industry all around the world. Large industries like aerospace and defense industries along with the telecom sector are major contributors of the text analytics market share worldwide. Defense and aerospace industries also implement text analytics in order to study their previous operation patterns as well as to optimize their future operations.

Some of the major players of the global text analytics market are Angoss Software Corporation, RapidMiner, Inc., IBM Corporation, Attensity Group, Inc., and Microsoft Corporation. The competitive landscape of the market is fragmented with the presence of many big vendors who are focusing more on creating their brand image the largest in order to stabilize its foothold in the market. New entrants are expected to devise strategic alliances in order to give tough competition to major players and to counterattack them in terms of drawing more revenue shares.

As per the TMR report, the global text analytics market is anticipated to earn US$12.16 bn by the end of 2024. The market is expected to expand with a healthy CAGR of 17.6% within the forecast period of 2015 to 2024. As per end-user, the military and defense sector is seen to be exceeding all other end-users by 19.7% revenue share and is expected to continue dominating the market in the future years.

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Information Technology (IT) to Bring Tremendous Growth in Coming Years

Due to the fact that data analysis provides a better understanding of the overall behavior of consumer and their priorities, the growth of the market has seen immense acceleration as more and more companies are entering the market with complete focus on text analytics enhancement. Data in the form of text overflows from multiple sources like the platforms of social media, e-mails, and reviews of consumers on various web portals of the companies. The market is competitively intense with various align strategies along with high priority to consumer preference, thus making the overall demand for market accelerate in the long run.

The telecom and IT sectors are predicted to soon overpower the world with rising number if text analytics solutions in order to achieve visible improvement is core operations, internal processes, and market trends. IT sector is to initiate core competencies that enables digitalization and will need effective text analytics solutions to function at a faster speed. With the introduction of IT into the business sector, it is more convenient to store valuable information which further helps to analyze their strategies and produce better results for the consumers.

Licensed Product Copy Purchase to Affect Market Growth in Negative Light

Although the text analytics market is seeing tremendous growth all around the world, factors like high cost and expenditure of on-premise solutions, and license product copies purchase may act as a hindrance to the market. Obtaining licensed copies for products is usually done carelessly and with contempt, thus, posing threat to the market worldwide. However, many vendors are focusing on ways and means to achieve recognition in the market by the utilization of text analytics, and this may drive the global text analytics market in the future years.

The information presented in this review is based on a TMR report, titled,” Text Analytics Market ( End-user - Entertainment and Media, IT and Telecom, Healthcare, Retail, BFSI, Manufacturing, and Military and Defense; Applications - Customer Relationship Management (CRM), Intelligence & Law Enforcement, Fraud/Spam Detection, and Data Analysis & Forecasting; Deployment Type - Cloud-Based, and On-Premise) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”.

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Electronic Scrap Recycling Market Expected to Reach US$34.32 bn by 2022 Globally

According to a new market report published by Transparency Market Research “Electronic Scrap Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022”, the global electronic scrap recycling market was worth US$ 11.03 Bn in 2014 and is expected to reach US$ 34.32 Bn by 2022, growing at a CAGR of 15.7% from 2015 to 2022. Europe was the largest market for electronic scrap recycling in 2014. Growth in this region is expected to be driven by stringent government regulations and huge profits generated through the recovery of precious metals from electronic scrap.

Owing to the wide availability of electronic scrap and the rising global volume of scrap electronic products, a trend of focus on increasing electronic scrap recycling capacity by smelting and refining companies has been observed in various regions worldwide. The importance of electronic scrap is on the rise in response to changes in consumer patterns and advancements in the technology of electronic devices. This has resulted in the generation of huge quantities of e-waste that need to be managed and processed. The traditional means of handling of this e-waste, including disposal in landfills, exporting overseas, and combustion in incinerators are prohibited due to legislation designed to prevent environmental pollution. Moreover, the presence of ferrous, non-ferrous, and precious metals makes electronic scrap recycling economically attractive. For all these reasons, smelting and refining companies such as Boliden Group and Umicore N.V., Mitsubishi Materials USA Corporation lay emphasis on increasing electronic scrap processing capacity. To this end, in June 2015 Mitsubishi Materials Corporation expanded the Naoshima Smelter and Refinery’s electronic scrap receiving and processing capacity to about 110,000 tons per year (an annual increase of 30,000 tons over current capacity). Likewise in June 2012, Boliden Group increased the electronic scrap recycling capacity from 45,000 to 120,000 tons per year at its Rönnskär smelting facility.

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With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations on electronic and electrical technologies have further shortened the use-life of electronic and electrical products. This has enhanced the generation of e-waste or waste from electronic and electrical equipment. E-waste primarily comprises laptops, computers, mobile phones, television sets, and other electrical or electronic household appliances.

According to the UN Environment Programme (UNEP), around 20 million to 50 million tons of e-waste are generated every year globally and volumes are increasing three-folds faster than other forms of municipal wastes. This is primarily fuelled by expanding markets and rapid product innovations such as the switch from analog to digital technologies. The global production of e-waste is increasing rapidly and is expected to pick up pace in coming years. E-waste is considered to be hazardous; therefore it should be managed and processed carefully. Additionally, the presence of various precious metals such as gold, silver, palladium, tantalum, and gallium makes e-waste attractive for recycling. Thus, most companies in the field are either entering into the electronic recycling business or expanding the recycling capacity at their smelting and refining facilities. For instance in June 2012, Boliden Group started a new electronic recycling facility at the Rönnskär copper smelter. The company has increased the smelter’s capacity from 45,000 tons to 120,000 tons per year. The recycling of e-waste for the recovery of various metals is important from the standpoint of saving energy. Moreover, the recycling of e-waste would also help in reducing the burden on mining ores for primary metals. For instance, electronic recycling helps in metals that require significant energy consumption for extraction and are seen in low concentrations in primary ores. More precisely, e-waste is a richer source of precious metals than their primary ores.

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