Plain Bearing Market : Advent of New Products with Advanced Functionalities to Bolster Demand

The global telecom expense management (TEM) market is envisaged in a report by Transparency Market Research (TMR) to hold a significantly fragmented nature for its vendor landscape. Use of multiple delivery channels for operation could be commonly observed in regional and domestic markets. Taking into account their flexibility and cost benefits, cloud-based services may welcome the shift in the market from licensed software products. Vendors could receive business from enterprises that show preference for external resources in order to boost their core business processes. This is expected to strengthen demand for TEM process outsourcing. The market marks the presence of top companies such as Ezwim B.V., Anatole SAS, and Asentinel LLC.

TMR projects the global TEM market to be valued at a US$4.92 bn by the completion of 2024, growing at a 13.5% CAGR during the forecast period 2016-2024. By mode of delivery, cloud services could secure a king’s share of 39.8% by the final forecast year. Regionally, North America is envisioned to take the driver’s seat of the market while expanding at a CAGR of 8.9%.

Adoption of Advanced Communication Channels Augments Demand

Difficulty in manual monitoring of telecom networks in large as well as small and medium-sized enterprises (SMEs) and their intensely complex nature are predicted to increase the need for TEM. Massively developing corporate telecom infrastructure and increasing integration of mobile devices with enterprise networks could be primary reasons for complexity of telecom networks. There could be a high requirement of efficient TEM solutions due to improved adoption of advanced communication channels by enterprises for connecting with clients and employees.

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Advancement of Digitalization Expected to Cause TEM to Lose Traction

Of course, there are various benefits of using TEM, but could it be a victim of digitalization? Expensive operational costs to insure, secure, configure, update, and maintain interoperability is forecasted to discourage adoption of TEM in the near future. Furthermore, complex data reconciliations and long implementation times could be other factors restricting the growth of the international TEM market.

However, the significance of TEM could be reinstated as enterprises are compelled by tight government regulations to use reliable monitoring and recordkeeping solutions for maintaining clarity in operations. Increased knowledge about TEM in better management of payments to telecom companies is foretold to create strong opportunities in the international market. Moreover, need to hire different telecom companies as per carrier influence and regional trends as enterprises look to expand their footprint globally could boost demand for TEM.

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Expected to Record the Highest Revenue Generation for the Telecom Expense Management Market over the Period between 2016 and 2024

The global environmental health and safety (EHS) market is foreseen in a report by Transparency Market Research (TMR) to witness the adoption of various business tactics by players to cement their position in the industry. Strategic associations and mergers and acquisitions could be among prominent ones considered to obtain a larger share of the market in the near future. These strategies are expected to help players to tap into more markets and explore different resources while adding to their current product portfolios. IHS Inc., SAP SE, and Enablon North America Corporation are some of the leading players of the market.

Between 2016 and 2024, the global EHS market is prophesied in the TMR report to clock up a 12.0% CAGR to reach an US$8.1 bn valuation by the final forecast year. In terms of component, the market could see a classification into software and services. By region, North America is anticipated to dominate the market with its higher CAGR of 13.2%.

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Cost-effective EHS Solutions Help SMEs with Easier Adoption

Emerging regions rapidly framing diktats on EHS could be a primary factor augmenting the demand in the global market. Affordable solutions introduced by government bodies that may be easier for small and medium-sized enterprises (SMEs) to adopt could also help the world EHS market to step up its demand in the coming years. The need to fulfill a number of legal requirements and statutes to comply with EHS standards in different parts of the world is predicted to support market growth, as per a lead analyst authoring the report.

Corporates have been lavishly investing on a range of software platforms, thus expected to contribute to the high uptake of EHS tools. Aggressively rising industrialization in UAE, South Africa, India, and China is projected to augur well for the world EHS market.

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High Cost of Installing EHS Software Sets up Roadblock to Growth

Limited adoption of EHS tools by low-income businesses and expensive cost of the installation of environmental compliance software are envisaged to dwarf the market during the course of the forecast period. Furthermore, auditing services could be largely complex and extortionate, acting as a threat looming over the market.

Nonetheless, the international EHS market is envisioned to offer some high-income prospects for players to thrive on. It could gain momentum on the back of several mandates that need to be fulfilled for maintaining certain standards in important industry verticals such as healthcare, agriculture, energy and mining, and chemical and petrochemical. Extensive adoption of EHS in North America across other industries, viz. oil and gas and construction could also help the market to attain growth in the near term.

Environmental Health & Safety (EHS) Market at the Highest CAGR of 13.2% from 2016 to 2024

A majority of the presence of key players in the global market for aerostat systems is located in North America and Europe. These regions have consistently shown a high interest in surveillance strategies and the implementation of effective and long-term defensive tactics. 

The presence of players such as Lockheed Martin Corporation, Aerostar International, Inc., and RosAeroSystems International has had a tremendous effect in boosting the demand for aerostat systems in these regions while simultaneously creating a high rate of product and material development for the same.

As per a research publication released by Transparency Market Research, the global market for aerostat systems is extremely consolidated with only a handful players taking up large chunks of the market value. Most of these companies directly cater to the defense sectors of various regions, which is the leading consumer of aerostat systems.

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Most of the demand for aerostat systems by the defense sector is issued in tenders and handled by the more prominent players.

The global market for aerostat systems is expected to be valued at US$4.64 bn by the end of 2016 and US$10.10 bn by the end of 2023. This revenue is expected to expand at a CAGR of 13.8% within a forecast period from 2015 to 2022.

By the end of 2022, the military sector is expected to generate a demand for aerostat systems valued at US$7.01 bn, making it the dominant application segment of aerostat systems till then. The military sector is also the leading application segment in terms of demand expansion, showing a CAGR of 14.0% from 2015 to 2022.

North America Retains Leading Consumption Rate of Aerostat Systems

North America, owing to its strong demand for aerostat systems from the defense sectors of the U.S. and Canada, is currently the dominant region in the usage of aerostat systems. This region is expected to remain the dominant one till 2022, at which time it is expected to reach US$2.73 bn in aerostat 

systems revenue.

On the other hand, Asia Pacific is expected to show the faster CAGR of 16.2% from 2015 to 2022, 

owing to growing border control efforts and surging investments in national defense agencies.

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Aerostat Systems Deemed Far Superior to Surveillance Aircraft Systems

“The inherent advantages that aerostat systems possess over conventional surveillance aircraft systems are enough to drive this market towards a satisfactory progress rate. The key advantage of using aerostat systems at the moment is their cost in comparison to aircraft and drone surveillance systems. That is because using aerostat systems reduces fuel consumption to such an extent that the over difference in expenses is massive,” states a TMR analyst.

Additionally, the lesser number of mechanical parts within an aerostat system also reduce the maintenance expenses of a user. This perfectly complements the lesser time taken to assemble and deploy an aerostat system as compared to drones.

Abundance of Alternatives Impede Demand Growth of Aerostat Systems

“The future of aerostat systems lies in the use of next-gen materials. For example, high performance laminates are being tested that can drastically improve the ability of aerostat systems to operate under harsh weathers. Other developments include materials that can significantly reduce the weight of an aerostat system. These developments can considerably improve the standing of aerostat systems over their alternatives, thus increasing the demand for them,” adds the analyst.

Personal and Entry Level Storage (PELS) Market : The Need for Proper and Secure Data Storage in Today’s Digital Age

The need for proper and secure data storage and management in today’s digital age is imperative, and this drives the demand for personal and entry level storage (PELS) systems, states a new report by Transparency Market Research. The report - titled “Personal and Entry Level Storage (PELS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” - states that fueled by a number of strong factors, the global personal and entry level storage market systems is projected to register a massive leap from US$5 billion in 2012 to US$39.49 billion by the end of 2019. This means that the market will register a remarkable compound annual growth rate of 35.1% over the forecast period of 2013-2019.The personal and entry level storage market is highly fragmented and the research report segments the overall market on the basis of product or service, technology, end-use application, and geography.

By product or service, personal and entry level storage systems are classified into flash drives, hard disk drives (HDD), cloud storage, recordable discs, and solid state drives (SSD). Among these, HDD dominated the global scenario with a 32% share of the overall personal and entry level storage market thanks to larger storage space offered and lower cost. With SDDs now offering longer life span, speedier data transfer rates, silent operations, and portability, this segment is expected to surpass the 

demand for HDDs in the forecast period.

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In terms of technology, the personal and entry level storage market can be divided into direct attached storage (DAS), serial attached SCSI (SAS), cloud storage technology, fiber channel storage, network attached storage, and IP based storage. Out of these, cloud-based storage has been identified as the fastest growing technology segment, presenting a 48.6% CAGR from 2013 to 2019. The various end-use industries that use personal and entry level storage systems are communications, financial services, media and entertainment, healthcare and life sciences, public sector, and internet services; among these the media and entertainment industry dominated on the global front.

Geographically, the worldwide market for personal and entry level storage covers North America, 

Europe, Asia Pacific, and the Rest of the World. Asia Pacific emerged as the frontrunner in the global market, accounting for a 42.5% share in 2012. One of the primary reasons for the region’s leading position is the presence of three significant HDD manufacturers – Toshiba, Western Digital, and Seagate – who have their base in Asia Pacific.

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The global personal and entry level storage market has numerous players operating at an international and domestic level. These include Hewlett-Packard Company, CA Technologies, Brocade, International Business Machines Corporation (IBM), Symantec Corporation, NetApp Inc., Dell Inc., Seagate Technology, EMC Corporation, Cisco Systems Inc., Hitachi Data Systems (HDS), Western Digital Corporation, and Toshiba Corporation. Of these, EMC Corporation dominated the market with a 30% share, with Hitachi, IBM, and HP following suit.

Aerostat Systems Market to expand with Impressive CAGR of 14.0% from 2015 to 2022 to Attain Value of US$7.01 bn.

The need for proper and secure data storage and management in today’s digital age is imperative, and this drives the demand for personal and entry level storage (PELS) systems, states a new report by Transparency Market Research. The report - titled “Personal and Entry Level Storage (PELS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” - states that fueled by a number of strong factors, the global personal and entry level storage market systems is projected to register a massive leap from US$5 billion in 2012 to US$39.49 billion by the end of 2019. This means that the market will register a remarkable compound annual growth rate of 35.1% over the forecast period of 2013-2019.The personal and entry level storage market is highly fragmented and the research report segments the overall market on the basis of product or service, technology, end-use application, and geography.

By product or service, personal and entry level storage systems are classified into flash drives, hard disk drives (HDD), cloud storage, recordable discs, and solid state drives (SSD). Among these, HDD dominated the global scenario with a 32% share of the overall personal and entry level storage market thanks to larger storage space offered and lower cost. With SDDs now offering longer life span, speedier data transfer rates, silent operations, and portability, this segment is expected to surpass the demand for HDDs in the forecast period.

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In terms of technology, the personal and entry level storage market can be divided into direct attached storage (DAS), serial attached SCSI (SAS), cloud storage technology, fiber channel storage, network attached storage, and IP based storage. Out of these, cloud-based storage has been identified as the fastest growing technology segment, presenting a 48.6% CAGR from 2013 to 2019. The various end-use industries that use personal and entry level storage systems are communications, financial services, media and entertainment, healthcare and life sciences, public sector, and internet services; among these the media and entertainment industry dominated on the global front.

Geographically, the worldwide market for personal and entry level storage covers North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific emerged as the frontrunner in the global market, accounting for a 42.5% share in 2012. One of the primary reasons for the region’s leading position is the presence of three significant HDD manufacturers – Toshiba, Western Digital, and Seagate – who have their base in Asia Pacific.

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The global personal and entry level storage market has numerous players operating at an international and domestic level. These include Hewlett-Packard Company, CA Technologies, Brocade, International Business Machines Corporation (IBM), Symantec Corporation, NetApp Inc., Dell Inc., Seagate Technology, EMC Corporation, Cisco Systems Inc., Hitachi Data Systems (HDS), Western Digital Corporation, and Toshiba Corporation. Of these, EMC Corporation dominated the market with a 30% share, with Hitachi, IBM, and HP following suit.

Mandatory Lighting Efficiency Standards to drive the Energy-Efficient Lighting Technology Market

According to a new market research report published by Transparency Market Research the global energy-efficient lighting technology market is expected to reach value of US$ 29,712.6 Mn by 2026, expanding at a CAGR of 3.5% from 2018 to 2026. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period. Asia Pacific is likely to lead the global market, with the market in the region expanding at a CAGR of 5.5% during the forecast period. 

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Mandatory lighting efficiency standards to drive the global energy-efficient lighting technology market

In order to reduce CO₂ emissions and address the issue of global warming, governments have set new green building policies and mandates. These policies are expected to encourage building owners, managers, and occupants to examine their existing lighting systems and practices and opt for efficient lighting systems. According to Energy Saving Trust Organization, from September 2018, all traditional incandescent bulbs have been banned in the European Union to switch toward the energy-efficient lighting technology. Similarly, from 1^st January 2018, California mandated that light bulbs should meet a minimum efficiency level of 45 LPW. In other words, they must be three times more energy-efficient than old incandescent bulbs. The Government of California is also offering credit schemes and subsidies for efficient lighting systems to increase their sale. 

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Global Energy-efficient Lighting Technology Market: Scope of Report

Based on product sale, the global energy-efficient lighting technology market has been broadly segmented into new installation and replacement. Among these, the replacement segment held the maximum market share in 2017. However, long life span of energy-efficient lighting products is leading to long replacement cycles. Hence, market share of the replacement segment is expected to decline, both in terms of volume and revenue, by the end of the forecast period. Thus, the new installation segment is expected to lead the energy-efficient lighting technology market by 2026.

The market for energy-efficient lighting technology has also been classified based on product type, center CCT, and application. Among product types, LED is expected to be the most promising segment, especially after 2020, owing to rapid decline in prices of LEDs. Furthermore, 2700K and 3000K is expected to be a highly lucrative center CCT segment during the forecast period. The 2700K and 3000K range is suitable for use in a wide range of residential applications and several commercial applications such as restaurants and retail stores. 3000K and 3500K and 3500K and 4000K segments are also expected to contribute significantly to the energy-efficient lighting technology market during the forecast period. Moreover, among applications, the residential segment held the leading market share in 2017, followed by the commercial segment. New construction across the world is leading to an increase in the number of new lighting installations. Since, the number of residential construction is far more than commercial and industrial combined, residential segment is anticipated to dominate the energy-efficient lighting technology market during the forecast period. However, since the replacement rate of the lighting products in the commercial segment is higher than residential, it is also expected to contribute a substantial share to the global energy-efficient lighting technology market throughout the forecast period. 

The Voltage Calibrator Market Expected to Reach USD 271.27 Million by 2026

The global voltage calibrator market was valued at US$ 161.28 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 5.28 % from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Voltage Calibrator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that rising importance of electronic calibration, presence of calibration traceability, and increasing significance of process control in semiconductor manufacturing is likely to spur the demand for voltage calibrators in the coming years (2018 to 2026). As key players introduce new voltage calibrators in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for leading share of the global voltage calibrator market. Growing production of more efficient and powerful electronic chips in less time by large number of semiconductor manufacturers to deal with the continuously rising competition in emerging markets such as China, Japan, and India is likely to boost growth of the Asia Pacific voltage calibrator market at a growth rate of around 6% from 2018 to 2026.

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Evolution of multifunctional calibrators as an alternative to voltage calibrators to affect the expansion of voltage calibrators worldwide

A voltage calibrator reads and sources voltage for verification of devices such as data loggers, displays of process devices, and other controlling devices. A voltage calibrator is useful across various industry verticals as calibration is an important process to ensure the quality of any product. However, with the advancement in technology and R&D activities, users are shifting to other types of calibrators i.e. multifunctional calibrators. Multifunctional calibrators have the capability to measure not only voltage but also pressure, temperature, frequency, and current. Furthermore, they are designed for calibration of traditional as well as innovative test instruments. Additionally, multifunctional calibrators are employed in manufacturing plants, wherein multiple parameters i.e. resistance, current, and voltage are taken into consideration while producing a product.

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Voltage calibrators are expected to be adopted significantly by the semiconductor sector

On the basis of industry verticals, the voltage calibrator market has been segmented into aerospace and defense, semiconductor, healthcare, IT & telecommunications, automotive, and others. Others segment includes energy and education. Semiconductor industry vertical is expected to grow at a CAGR of 6.21% during the forecast period. Process control for semiconductor manufacture is crucial, as manufacturers are increasingly producing more efficient and powerful chips in less time so as to sustain in the continuously rising competitive global market. Several semiconductor manufacturers are producing highly advanced and innovative chips for use in various consumer electronics products, by using technologically developed semiconductor manufacturing methods. Voltage calibrators play a vital role in ensuring reliability as well as quality of the product being manufactured, as the semiconductor manufacturing process is highly complex and involves a significant amount of capital. Furthermore, voltage calibrator devices help in maintaining the equipment performance at a high level, as they provide precise measurements during the product design process and carry out quality assurance