Simulation Software Market- Increasing Uptake of Simulation Software in Various Industries to Boost Growth

The business landscape in the global simulation software market is characterized by the rivalry between Altair Engineering Inc., The AnyLogic Co., SimScale GmbH, ESI Group, Dassault Systemes, and Autodesk Inc., states Transparency Market Research (TMR) in a new research report. These players are increasingly engaging into mergers, acquisitions, and partnerships to create talent pools and gain advantages from each other’s brand value. The market is likely to witness a number of new entries in the near future, which is likely to intensify the competition within the market, states the research report.

According to the research study, the global market for simulation software is anticipated to reach US$16.7 bn by 2025 end. The opportunity in this market is expected to rise at a CAGR of 9.33% during the period from 2017 to 2025. Simulation software has found a widespread application in the automotive industry and the sector is projected to remain the leading end user of this software in the years to come. Among components, software, especially, cloud-based software are witnessing a considerably high demand. The segment is anticipated to acquire dominant position in the market over the next few years, contributing US$11.54 bn by 2025 end in terms of revenue, notes the market study.

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Increasing Uptake of Simulation Software in Various Industries to Boost Growth

“The widening application base of simulation software is the key factor behind the significant growth of the global market for simulation software,” says a TMR analyst. A number of industries have begun to utilize simulation software to gain a real-time understanding of several processes. Owing to its significant role in various decision-making processes in organizations, this software is expected to witness a high rate of uptake in the near future, leading to a substantial rise of this market.

On the flipside, the complex nature of real-time control may limit the adoption of this software in the years to come. However, the augmenting usage of simulation in the healthcare and the automotive sectors is anticipated to normalize the impact of the restraining factor over the next few years, states the research report.

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Intellectual Property Software Market is Expected to be worth US$6,758.4 mn by the End of 2025

Transparency Market Research observes that the global intellectual property software market is highly competitive in nature due to presence of several players in the global market. Some of the leading players in the global market are Ambercite, IP Checkups, Inc., Clarivate Analytics, IPfolio, Wellspring Worldwide, LexisNexis, XLPAT, Innography, Inc., Aistemos, TORViC Technologies, Inc. Players are expected to widen their product portfolio in the coming years. Many intellectual property software providers are emphasizing on developing enhanced licensing platforms for delivering high quality solution and reduce operational cost across the industries.

According to Transparency Market Research, the global intellectual property software market is expected to be worth US$6,758.4 mn by the end of 2025. During the forecast years of 2017 and 2025, the global market is expected to exhibit a CAGR of 14.3%. As of 2016, North America intellectual property software market held a share of 30% and is expected continue its dominance in the forthcoming years as well. Analysts expect the software segment will lead the global market as it held a share of 50.0% in 2016 in the overall market.

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Wide Range of Applications Identified as Key Growth Driver for Global Market

Intellectual property software supports the business across a wide range of applications which includes prior art search, intellectual property filings, product teardowns, patent landscape, patent portfolio analysis, business strategies, and others such as patent portfolio mining, and licensing/ litigation support.

Global intellectual property software market is mainly driven by growing emphasis of companies towards the protection of intellectual assets by gaining patents, and licenses for their innovations and technologies. In addition, increasing demand for effective and efficient management of intellectual properties gained by companies is also contributing in the growth of intellectual property software across the world. The growing unauthorized and illegal sale of tangible and intangible assets and duplication of products is anticipated to supplement the large-scale adoption of intellectual property software over the forecast period.

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Apart from this, multiple end-use industries are adopting intellectual property software in order to protect intellectual assets, mainly due to transition into digital economy business model. All these factors are expected to drive the intellectual property software market during the forecast period. However, low awareness and use of intellectual property software is a major concern restraining the market. Similarly, high cost associated with the software and complexity of intellectual property life cycle is limiting the growth of the intellectual property software market. Though, rapid development in the field of information and communication technologies, and growing awareness and adoption of intellectual property software across emerging economies especially India, Brazil, Indonesia, and Saudi Arabia is anticipated to offer lucrative opportunities in long-term.

 

Floor POP Display Market is Set to Expand at CAGR of 5.7% during the Forecast Period

Transparency Market Research (TMR) has profiled leading companies operating in the global floor POP display market, which include Pratt Industries Inc., DS Smith Plc, Georgia-Pacific LLC, FFR Merchandising Company, Marketing Alliance Group, Sonoco Products Company, Smurfit Kappa Group PLC, WestRock Company, U.S. Corrugated, Inc., and Creative Displays Now. A majority of these market participants are actively focusing of reducing the overall cost of production, improving product quality and product innovation in order to gain a competitive advantage. This has also resulted in greater investments in the development of novel product design.

A study conducted by Transparency Market Research reveals that the global market for floor POP display will surpass a valuation of US$ 5,600 Mn by 2026-end, reflecting a steady growth during the next nine years. Brands are utilizing floor POP displays as an effective merchandising solution in brick and mortar stores. In recent years, demand for floor POP displays has increased significantly owing to the aggressive product marketing strategies that are being used by brands. The global market for floor POP displays is expected to be benefited by the growing budgets for product marketing, at times, this budgets get even bigger when companies launch a new product. Use of POP display is expected to remain high for displaying consumer goods such as packaged food, beverage, grocery, and electronics in the years to come. Overwhelming performance of floor POP displays in boosting product visibility in retail stores has augured well market players.

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Yong consumer are more attentive towards floor POP displays owing to the product’s relevance to the current branding requirements. Floor POP displays are more convenient and can deliver precise information in the limited-time that a modern consumer gives to any product.  In addition, floor POP displays allow consumer to gain information about a particular product without requiring much efforts and are instantaneous visible. This has been a major force behind their success in convenience store, specialty store, departmental store, supermarket and hypermarkets. Robust expansion of the organized retail section in emerging markets has been supporting the growth of the global market for floor POP display as well. Moreover, most floor POP displays are easily recyclable, making them environmentally sustainable unlike various other merchandising solutions. However, the global market for floor POP display is anticipated to be negatively impacted by changing consumer perception and limited reach of the product.

Among regions, North America is expected to dominate the global floor POP display throughout 2017 and the trend is projected to continue over. North America floor pop display market is set to expand at CAGR of 5.7% during the forecast period.

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Mixed Reality In Gaming Market- Demand for Immersive Virtual Gaming Experience Boosts Growth

The presence of a copious number of small and big players makes the mixed reality in gaming market fragmented, as per a recent market publication by Transparency Market Research (TMR). The market is foreseen to witness the entry of regional players leading to further fragmentation and stiff competition among players for greater market share. In this scenario, savvy players are pouring money into research and development to set up new facilities for innovation. These players are also vying for partnerships and alliances to tap into technological expertise and understand cultural preferences to develop games for regional markets. Collaboration of Microsoft with HP, Lenovo, Dell, and Acer to develop mixed reality headsets is a case in point.

Some of the key companies operating in the global mixed reality in gaming market are Canon Inc., Microsoft Corporation, Infinity Augmented Reality Inc., Seiko Epson Corporation, Lenovo Group Ltd., CCP hf,., Six Flags Entertainment Corporation, Osterhout Design Group, Dagri LLC, Magic Leap Inc., Recon Instrumnets Inc., Ubisoft Entertainment, HTC Corporation, Meta Company, and Samsung Electronics Co. Ltd.

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As per estimates of a report by TMR, the global market for mixed reality in gaming is predicted to rise at a stellar 38.06% CAGR in terms of revenue for the forecast period from 2017 to 2025. At this rate, the market is estimated to be worth US$187.13 mn by the 2025 end. By component, mobile apps led the market in 2015 followed by software. In terms of application, entertainment segment is likely to hold the maximum share of the market over the forecast period. Vis-à-vis revenue, the personal end-use segment is predicted to lead the overall market through 2025. Geography-wise, North America is registered to be the most lucrative market for mixed reality in gaming powered by growth in the U.S. and Canada.

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Demand for Immersive Virtual Gaming Experience Boosts Growth

At the forefront of driving the mixed reality in gaming market is unceasing growth of the gaming industry. The rising demand for mixed reality in video games among gaming geeks is likely to bode well for this market’s growth. The incorporation of mixed reality provides an immersive virtual environment and enables gamers to experience virtual reality on their gadgets. For example, the launch of Microsoft Hololens motion controllers and developer kits is serving to aid market players stimulate the development of mixed reality in gaming.

The ceaseless adoption of smartphones equipped with mobile data is generally stoking demand for entertainment and informative apps. Gaming apps especially the ones that provide immersive virtual environment account for widespread demand among gaming enthusiasts.

 

Location Based Marketing Services Market - Rising Penetration Of Gps Outfitted Smartphones And Mobile Devices

The global location based marketing services market features a largely consolidated vendor landscape with the presence of some large well-established players. Currently in a nascent stage, the market is poised to grow at a rapid pace in the upcoming years. Consequently, the entry of big and small players will serve to heat up competition and eat in share of established players in the market. Savvy players are also foreseen to enter into partnerships to establish a solid footing in the market. For example, electronics and technology companies in Asia Pacific are collaborating with Western location service providers to incorporate the latter’s technology into their products. South Korean electronics giant Samsung partnered with Foursquare Labs Inc. is a case in point.

Key companies to name in the global location based marketing services market are Near Pte Ltd., Google Inc., Groundtruth Placecast, Scanbuy Inc., Foursquare Labs Inc., Groupon Inc., PlaceIQ, Shopkick Inc., and Telenity Inc.

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As per a report by Transparency Market Research (TMR), the global location based services market is predicted to rise at a robust 19.9% CAGR between 2017 and 2025 for the market to be worth US$99.77 bn by 2025. The demand in the market translated into a revenue of US$19.71 bn in 2016. By location, physical location segment held the leading market share in 2016. Based on type of promotion, search result segment holds the maximum share. The segment of pop up/banner display, however is predicted to surpass all other vis-à-vis growth rate.

In terms of geography, North America, currently holds supremacy with maximum market share. The U.S. is home to some key companies that partner with one another to provide superior solutions. This has served to boost the North America location based marketing services market. The region is likely to clock a CAGR of 20.1% between 2017 and 2025 to remain at the fore in the years ahead too.

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Seamless Mobile Internet Connectivity Benefits Market

Majorly fuelling the location based marketing services market is rising penetration of GPS outfitted smartphones and mobile devices. Savvy retailers and marketers are leveraging this to locate prospective customers and entice them with promotions, discounts to translate in to sales. Seamless mobile internet connectivity is anticipated to result in increased number of users using map applications. Marketers are using this to stream location-based high definition video advertisements to connected devices. Seamless internet connectivity and improved data streaming speed are serving to boost the location based marketing services market.

 

Unified Threat Management Market - Threats of Cybercrime Catalyzing Demand in Market

The global unified threat management market is fragmented in nature owing to the presence of many small regional vendors. The market also has multinational companies giving a tough challenge to their smaller counterparts. A noticeable trend in the market is players competing on the basis of technology, product quality, and price in order to steal a march over their competitors. However, deep-pocketed vendors are ultimately expected to steal a march over their competitors with their ability to produce superior products having better security features.

Some of the prominent names operating in the global market for unified threat management are WatchGuard Technologies Inc., Check Point Software Technologies Ltd., Juniper Networks Inc., Fortinet Inc., Cisco Systems Inc., IBM Corporation, Hillstone Networks Inc., Huawei Technologies Co. Ltd., SonicWALL Inc., and Comodo Group Inc.

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A research study by Transparency Market Research projects the global market for unified threat management to attain a value of US$5.8 bn by 2022-end from US$3.4 bn in 2016, by registering 11.1% CAGR from 2017 to 2022.

Component-wise, the global market for unified threat management can be split into software platforms and support services. Between them, the segment of software platforms is expected to be a leading contributor to the market in the next couple of years. Its share in the market is expected to become 84.9% by 2022.

Geographically, the prominent segments of the global market for unified threat management are North America, Europe, Japan, and Asia Pacific except Japan, and the Middle East and Africa. North America, among them, is a dominant market on account of the strong awareness about the role of cyber security in the modern digital age. The market in the region is predicted to rise at a solid 11.6% CAGR over the course of the forecast period from 2017 to 2022.

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Threats of Cybercrime Catalyzing Demand in Market

Majorly fuelling demand in the market for unified threat management is the looming threat of cybercrime. This has made organizations – from big multinational conglomerates to small and medium sized ones, and government bodies to up spends on protecting their sensitive data. This is to ensure they grow or function smoothly without any setbacks. Explains the lead analyst of the TMR report, “Unified threat management addresses a wide variety of security concerns ranging from firewalls and intrusion alerts to spam, antimalware, and other kinds of content filtering services. The availability of different security tools under a single brand name and operating system will help stoke demand for unified threat management in the next couple of years.”

Concerns over Breakdown of Single Component That Can Affect Entire Functioning of System, Crimps Uptake

However, on the flipside, the holistic reach of unified threat management systems also makes them a potential danger, if a single component of it were to break down. This has prevented potential customers from purchasing and installing them. To overcome the challenge, technological advancement is needed to ensure the availability of security systems updated about any potential cybercrime threats to the latest database.

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

Global Testing, Inspection and Certification Market: Snapshot

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

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

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Energy and Utilities Sector to Present Promising Rise in Demand

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

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

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Europe to Maintain lead, Emerging Economies to Remain Most Promising

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

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

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