Friday, 29 December 2017

Mobile Chipset Market to Significant Growth Foreseen by 2027

The global market for GPS trackers is witnessing a tremendous growth due to emergence of new applications that use the GPS trackers system. The market is also expected to witness continued revenue growth in traditional applications such as preventing valuables from theft. However, non-standard products will always be a concern in this market due to poor quality involved in tracking. According to new report published by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” revenue from the global GPS tracker market is likely to be valued at US$ 3,482.3 Mn in 2027, expanding at the CAGR of 8.4% during the projected period. This high revenue growth is attributed to traditional applications of GPS trackers as well as the evolution of new applications in the market and emergence of niche players in the market.
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Global GPS Tracker Market: Recommendations
  • Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers
  • GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned
  • Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers
  • For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted
Global GPS Tracker Market: Forecast by Type
On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.
Global GPS Tracker Market: Forecast by Industry
On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
Global GPS Tracker Market: Forecast by Application
On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.
Global GPS Tracker Market: Forecast by Region
Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
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Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

GPS Tracker Market is likely to be valued at US$ 3,482.3 Mn in 2027

The global market for GPS trackers is witnessing a tremendous growth due to emergence of new applications that use the GPS trackers system. The market is also expected to witness continued revenue growth in traditional applications such as preventing valuables from theft. However, non-standard products will always be a concern in this market due to poor quality involved in tracking. According to new report published by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” revenue from the global GPS tracker market is likely to be valued at US$ 3,482.3 Mn in 2027, expanding at the CAGR of 8.4% during the projected period. This high revenue growth is attributed to traditional applications of GPS trackers as well as the evolution of new applications in the market and emergence of niche players in the market.
Global GPS Tracker Market: Recommendations
  • Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers
  • GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned
  • Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers
  • For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted
Global GPS Tracker Market: Forecast by Type
On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.
A sample of this report is available upon request @https://www.futuremarketinsights.com/reports/sample/rep-gb-4723
Global GPS Tracker Market: Forecast by Industry
On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
Global GPS Tracker Market: Forecast by Application
On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.
Global GPS Tracker Market: Forecast by Region
Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
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Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

Thursday, 28 December 2017

Surge Protection Devices Market is expected to register a CAGR of 7.8% from 2017 to 2027

According to a recent research report published by Future Market Insights titled “Surge Protection Devices Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027),” the global surge protection devices market was valued at US$ 2,046.4 Mn in 2016, and is expected to register a CAGR of 7.8% from 2017 to 2027. Surge protection device is a device or appliance that is designed to safeguard electrical devices from voltage surge. A surge protector tries to limit the supplied voltage to an electric device by either shorting it to ground or blocking any unwanted voltages above the safe threshold.
Global Surge Protection Devices Market: Dynamics
Increasing demand for surge arresters in locomotive applications and growing importance given to reduce the adverse impact of lightning are major factors driving the growth of the global surge protection devices market. However, lack of component level testing and a long warranty claiming process are factors restraining market revenue growth of the global surge protection devices market during the forecast period.
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Global Surge Protection Devices Market: Forecast by Type
The global surge protection devices market is categorised on the basis of type, end-user and region. On the basis of type, the market is segmented as type 1, type 2 and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017.
Global Surge Protection Devices Market: Forecast by End-User
On the basis of end-user, the global surge protection devices market is segmented into industrial, commercial and residential. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 9.1% during the forecast period.
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Global Surge Protection Devices Market: Forecast by Region
This report also covers trends driving each segment and offers analysis and insights regarding the potential of the surge protection devices market in the key assessed regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 10.0% over the forecast period. Revenue from the surge protection devices market in Asia Pacific is expected to account for over 18.3% of the global surge protection devices market revenue in 2017. Surge protection devices providers can focus on expanding across several countries in the APAC and North America regions such as India, China and U.S.
Global Surge Protection Devices Market: Key Players

Key competitors covered in the global surge protection devices market report include Eaton Corporation, Schneider- electric. Co, Siemens AG, ABB Group, General Electric, Emerson Electric Co., Littelfuse, Inc. , Koninklikes Philips N.V, Rockwell Automation, Inc., and Honeywell International Inc.

Wednesday, 27 December 2017

Railways Management System Market will Register a CAGR of 10.4% through 2022

For maintaining the operational efficiency of rail infrastructures, governments are actively focusing on optimisation trends. Railways management systems are being deployed across railway administrations across the globe. Travel time simulation, timetable management, driver mission management, and rolling stocks management are among the key trends influencing the adoption of railways management systems. In order to reduce the incidence of railway accidents and untimely departures & arrivals, authorities administrating the railway traffics are demanding real-time monitoring and tracking solutions, which are being facilitated by advanced railways management systems.
According to Future Market Insights, the global market for railways management systems is anticipated to expand vigorously in the upcoming years. By the end of 2022, the global railways management system market is poised to be worth nearly US$ 5 billion. The report offers an exclusive study on the global railways management system market, revealing key presumptive scenarios for market expansion. Over the forecast period, 2017-2022, the global market for railways management systems is expected to register a value CAGR of 10.4%.
North America to register higher adoption of railways management systems
The report has anticipated that North America will dominate the global railways management system market in terms of revenues. With a robust rail infrastructure in this region, a majority of freight and logistics operations in the US and Canada are carried out through railways. To keep up with the volatility of consumer marketplaces in North America, railway administration in this region is actively adopting railways management systems that boost the efficiency in arrival and departures of rolling stocks. By the end of 2022, the railways management system market in North America is pegged to be worth over US$ 1.7 billion.
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The adoption of railways management systems in Asia-Pacific excluding Japan (APEJ) is also expected to gain considerable traction. Considering how efficient railway transportation has served as a mainstay for economic development in several APEJ countries, the railways management system market in this region is expected to expand at a robust CAGR during the forecast period. Europe’s railways management system market is also expected to showcase impressive growth in few years down the line.
Cloud deployment of railways management systems to record a CAGR of 13.2%
With respect to adoption of railways management systems, traffic planning solutions and track management systems are anticipated to gain considerable traction. In 2017, revenues procured from adoption of these two solutions is estimated to account for over 40 percent of the overall value of global railways management system market. While majority of railways management systems are being deployed with on-premise models, the report estimates a promising growth in demand for cloud deployment. Through cloud deployment, around US$ 2 billion worth of railways management systems are anticipated to be adopted globally by the end of 2022. With cloud deployment, adoption of fully-integrated railways management systems will become less challenging. Cloud deployments models are also expected to facilitate integration of third-party subsystems.
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For development of railways management systems, many companies are expected to focus on providing intelligent conflict detection modules. Several companies are also expected to develop distinct subsystems on railways management, which could be used to improve the performance of existing systems. The report has also profiled key developers of railways management systems in the global market. Companies namely, GAO RFID, Hitachi, Ltd., Amadeus IT Group, S.A, Cisco Systems, Inc., ABB Limited, IBM Corporation, Thales S.A., Toshiba Corporation, General Electric Co., and Huawei Technologies Co., Ltd. are expected to remain active in global expansion of railways management system market over the span of next five years.

Application Management Services Market is poised to record robust CAGR of 8.6% from the period 2017 to 2022

In the ever-changing, complex IT landscape of the 21st century, the cost of maintenance continues to grow at a staggering pace. Application management specialists hold the key to overcoming challenges by application performance improvement, thereby achieving better business results. Application management services are delivered several diverse organizations that need to outsource the process of application management. The companies providing this service have expertise in the field of information technology or an expertise of managing similar application for organizations in the same line of business. Future Market Insights projects that application management services market is poised to record robust CAGR of 8.6% from the period 2017 to 2022.
The BFSI segment has the largest revenue share by industry segment at the end of 2017 and is expected to gain substantial share in future. An absolute dollar opportunity of more than US$ 7.4 billion is waiting to be tapped in the BFSI segment from 2017 to 2022. The maximum opportunity in the BFSI segment lies in North America, followed by Europe. Healthcare is a vital segment that should require the services of application management services in the near future. A high CAGR is anticipated in the healthcare segment and North America with its geriatric population and well-developed healthcare infrastructure might be critical in the long-run
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The retail & consumer goods segment is poised to gain massive share over the forecast period and companies would do well to focus on this industry in the application management services market. Retail & consumer goods is predicted to grow past a value of US$ 18.8 billion by end 2022, making it large enough for all companies. Strong economic growth in the APEJ region, largely riding on the shoulders of China and India, should lead to a retail boom in this dynamic, populous nations. Furthermore, these countries can be considered ‘mobile first’ or even ‘mobile only’ ensuring that they are perfect for application management service players to target with all guns blazing
IT & Telecom has marginal revenue share in application management services market but is on track to lose significant share over the five-year forecast. North America is the only region in the IT & Telecom segment that could be worth more than US$ 2.2 billion by end 2022 even though a higher CAGR is estimated in both Japan and APEJ. The government and engineering segments have a single-digit revenue share in application management services market with the latter being slightly larger. However, the government segment may show marginal growth and companies with a customized go-to-market strategy could well achieve success
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Companies profiled in the application management services market report include KPIT Technologies Limited, Hexaware Technologies Limited, Wipro Limited, Infosys Limited, CA Technology Inc., HCL Technologies, Capgemini SE, NTT DATA Corporation, IBM Corporation, and Accenture PLC

Global Vehicle Analytics Market to Surpass a Valuation of US$ 2,370 Mn 2022-End

Future Market Insights (FMI) in its latest report projects that the global vehicle analytics market will stand at around US$ 2,370 Mn by the end of 2022, reflecting an above-average CAGR. The report finds that the rapid adoption of vehicle analytics is partly owing to demand for greater travel convenience, especially from passengers in cities. Also, the growing necessities of improving the existing transport structure that is struggling to manage the ever-increasing traffic pressure is expected to influence the growth of the market over the forecast period. Vehicle analytics is becoming extremely essential for fleet owners or transport service providers as it helps them in improving fleet management and service offerings, which is turn helps in creating more business.
Growing concerns over road safety and effort to reduce travel duration is characterizing the rapid adoption of vehicle analytics. Further many of the automotive companies are stepping up investments to develop more advanced vehicle analytic tools that can facilitate complex analytic requirements, including video assistance, fleet monitoring, traveler data, route mapping solution, traffic analytics and predictive analytics. These feature can transform traffic management if utilized effectively. Concurrently, increasing popularity of autonomous cars is expected to propel the demand for vehicle analytics. With the help of vehicle analytics, autonomous cars likely to become for safer and pragmatic. Modern consumers are becoming increasingly aware about automotive technologies that can effectively monitor, manage and streamline travel, which is expected to have a positive impact on the global market for vehicle analytics. Automotive companies are utilizing vehicle analytics to analyze vehicle performance, detection of component malfunctioning and prevent road collisions. Increasing demand for cars and robust infrastructural development in emerging countries such as China, India and Brazil is also expected to support the growth of global market for vehicle analytics in the forthcoming years.
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Global Market for Vehicle Analytics: Key Segment Analysis
On the basis of End-Use, the automotive OEM segment is expected to hold its top spot in 2017 and beyond. This mainly due to increasing of vehicle analytics by automotive OEMs to improve the product performance and offer cutting-edge services. Currently, the segment command for the largest revenue share of the global market. In addition, the segment is expected to reach a valuation in excess of US$ 1,100 Mn towards the end of 2022, reflecting a sound CAGR.
On the basis of application, the driver behavior analysis segment is likely to maintain its dominance over 2022. In modern cars, deriver behavior analysis can be of high importance as it can provide information on driver’s concentration levels, driving capabilities and driving skills. Moreover, deriver behavior analysis can also help address the issues of distracted driving. The driver behaviour analysis segment currently commands for a significant share of the market share of the in terms of revenues and is expected to remain highly attractive during the forecast period.
Among regions, the market in North America will continue to the largest over 2022. The region is expected present lucrative growth opportunities for market participants in the near future. Meanwhile, Revenue from Europe vehicle analytics market is projected to witness a CAGR of 16.1% and surpass a valuation of US$ 600 Mn by 2022-end.
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Global Vehicle Analytics Market: Key Players

SAP SE, Genetec Inc., INQUIRON LTD, SAS Institute Inc., Acerta Systems Analytics Inc., Automotive Rentals, Inc., Microsoft Corp., IBM Corporation, Agnik Llc, and Amodo Ltd. are the leading market participants profiled in FMI’s report. A majority of these companies are actively focusing on improving their service offerings to cater to specific requirements of their customers.

Tuesday, 26 December 2017

Digital Inverter Market is expected to touch about US$ 11 Bn by the end of the year of assessment (2027)

Future Market Insights has analysed various facets of the global market for digital inverters in a new research publication titled “Digital Inverter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The raw data obtained from secondary research has been filtered and arranged in a systematic format with the help of which key insights have been derived. The market is thoroughly analysed to gain intelligence on the various market trends changing the course of the market, the drivers that further the growth of the market, the opportunities that shape the future of the market and the restraints that hinder the growth process of the global digital inverter market. These various facets have been analysed across the key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA) to gauge their intensity and impact on the overall market expansion. Based on historical data and the current scenario, future insights on the market based on value and volume projections for a period of 10 years have been included in this research report across each segment of the global digital inverter market.
Global Digital Inverter Market: Factors Influencing Growth
Aspects such as increase in disposable income, favourable government regulations, development of plug and play type inverters, high conversion efficiencies, increasing demand from commercial and industrial sectors, increasing consolidation, development of solar projects by governments, transition from developed to emerging markets and establishment of sound sales channels are driving the growth of the global digital inverter market. However factors such as increasing DC optimiser adoption, high costs and errors in digital inverter software are restricting the growth of the global digital inverter market.
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Global Digital Inverter Market: Forecast
The global digital inverter market is expected to grow at a high rate to register a CAGR of 7.1% during the period of forecast. The global market is estimated to be valued at around US$ 5.5 Bn in 2017 and is expected to touch about US$ 11 Bn by the end of the year of assessment (2027).
Global Digital Inverter Market: Segmental Forecasts
The global digital inverter market has been segmented by product type, by region, by end user and by power source.
  • By product type, string inverters segment is estimated to be the largest in terms of value share and is expected to cross US$ 4.2 Bn by the end of the assessment year. This segment is also projected to grow at the fastest rate during the forecast period.
  • By end user, utilities segment is the most lucrative and is expected to soar at a high CAGR of 7.4% during the period of forecast to reach a significant value by the end of the assessment period.
  • By power source, solar inverters are gaining high traction and the solar inverter segment is poised to register a 7.6% CAGR. The battery inverter segment, however, stays ahead in valuation thus dominating the global market.
  • By region, Asia Pacific excluding Japan (APEJ) is the largest region in terms of growth and market value. The digital inverter market in the APEJ region is predicted to soar at a high CAGR of 7.5% during the period of forecast to reach a high valuation of close to US$ 4.5 Bn by the end of the assessment year.
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Global Digital Inverter Market: Company Assessment

The research report on the global digital inverter market encompasses in-depth assessment on various key players dealing with digital inverters. Profiles of major companies such as Eaton Corporation, Schneider Electric SE, Siemens AG, ABB Ltd., General Electric Co., Enphase Energy, Inc., SMA Solar Technology AG, Vertiv Group Corporation, Leopold Kostal GmbH & Co. KG, Growatt New Energy Co.,Ltd., ReGen Powertech Private Ltd,. Fronius International GmbH, SMA New Energy Technology (Jiangsu) Co., Ltd., and Toshiba Mitsubishi-Electric Industrial Systems Corporation have been included in the competitive assessment chapter of the research report.

Smart Camera Market was valued at about US$ 4500 Mn in 2016

Future Market Insights presents an in-depth analysis and a revised forecast of the global smart camera market in a recently published report titled, “Smart Camera Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027).” The global smart camera market was valued at about US$ 4500 Mn in 2016 and is expected to register a CAGR of 18.7% through 2017 to 2027. Growth in machine vision industry and reduction in cost and size of chips are major factors driving the growth of global smart camera market. However, lack of standardization and low acceptance in emerging economies are restraining the market growth of smart camera market. Smart camera is also termed as connected camera, which enables users to perform some additional functions, such as information extraction from captured image, information sharing and real time video analysis. Smart camera helps in advanced monitoring, quality checking robotic guidance system and in various machine vision applications.
Global Smart Camera market is categorized on the basis of component, application and region. On the basis component, the market is segmented as image sensor, memory, processor, communication interface, lenses, display and others. The image sensor segment is anticipated to register a CAGR of 25.5% during the forecast period. This is the fastest growing segment as image sensors have witnessed increased adoption recently. The processor segment in this category is anticipated to grow at a CAGR of 16.0% throughout the period of forecast. In 2017, lens segment displayed a market value of about US$ 1,306 Mn and is estimated to reach a valuation of around US$ 5.7 Bn by the end of the period of assessment.
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On the basis of application, the global market is segmented into transportation & automotive, healthcare & pharmaceutical, food & beverages, military & defense, commercial area, consumer segment and others. The revenue contribution from the commercial area segment is anticipated to expand at a CAGR of 21.7% during the forecast period and is the fastest growing segment in the coming years. The consumer segment is the largest segment in terms of market share and is estimated to touch a market valuation of more than US$ 5 Bn by the end of the year of assessment.
This report also covers trends driving each segment and offers analysis and insights regarding the potential of smart camera market in regions including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, North America is projected to exhibit relatively high growth in the global market, registering a CAGR of 23.1% over the forecast period. Revenue from the Smart Camera market in North America account for over 20.7% of the global Smart Camera market revenue in 2017. Smart Camera providers can focus on expanding across several countries in North America and Western Europe regions such as Germany, U.K and U.S.
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Key competitors in Smart Camera market are Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, Fujifilm Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, XIMEA GmbH and Cognex Corporation.

Conference Room Solutions Market is projected to grow at a high CAGR of 13.6% during the period of forecast, 2017-2027

A latest research focusing on conference room solutions has been crafted by Future Market Insights. In its publication titled “Conference Room Solutions Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, Future Market Insights has presented a holistic view of the global market, covering all the trends, opportunities, restraints and growth aspects across major geographies. Various key developments have been sketched in this research study along with forecast highlights for a period of 10 years (2017-2027). An in-depth market segmentation has been carried out to assess all these factors and their respective magnitudes impacting the growth of the global market.
Global Conference Room Solutions Market: Competition Scenario
The research report on global conference room solutions market includes an in-depth market analysis that covers major companies participating in the global market. Key players such as Cisco, Microsoft, ZOOM, Adobe, Google, West Corporation, LogMein, Polycom, Vidyo Inc., BlueJeans Network, PGi, Huawei and ZTE have been profiled in this research report.
Global Conference Room Solutions Market: Factors Influencing Growth
Numerous factors are responsible for the growth of the global market. Aspects such as continuous demand for and adoption of cloud communication solutions, increasing number of enterprises, increasing partnerships between conference room solution vendors, growing number of mobile workers, digitization of workspaces, increasing demand for high performance conferencing solutions, continuous increase in fixed broadband connections, increasing smartphone users, rising demand for remote solutions, growth in collaborative communication, favourable government initiatives to develop digital infrastructure, emergence of IoT, and increasing mobile phone conferencing are boosting the growth of the global conference room solutions market. On the other hand, security issues, high deployment and maintenance cost, low internet penetration, extra security for mobiles and tablets and less awareness of advanced technology are restraining the growth of the global conference room solutions market.
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Global Conference Room Solutions Market: Forecast Analysis
According to the research report on conference room solutions market, the global market is estimated to reach a valuation of more than US$ 1.6 Bn by the end of the year of assessment from a value of above US$ 450 Mn in 2017. The global market for conference room solutions is projected to grow at a high CAGR of 13.6% during the period of forecast, 2017-2027.
Global Conference Room Solutions Market: Segmental Outlook
The global conference room solutions market has been segmented on the basis of component, deployment, organization, vertical and region.
  • By component, software segment is the largest in terms of value and is estimated to reach US$ 1,081.9 Mn by the end of the year of assessment. The services segment is the fastest growing segment during the forecast period.
  • By deployment, SaaS segment is projected to grow at a higher rate to register a CAGR of 16.6% throughout the period of forecast. The on-premise segment is poised to dominate the global market with a high market valuation.
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  • By organization, small and medium enterprises are anticipated to show higher inclination towards using conference room solutions. This segment is poised to reflect fastest growth during the forecast period.
  • By vertical, IT and telecom segment is expected to lead the market and cement its dominance in the coming years. This segment is estimated to be valued at above US$ 70 Mn in 2017 and is likely to reflect higher valuation by the end of the assessment year.
  • By region, Asia Pacific excluding Japan (APEJ) is expected to witness faster pace in the global conference room solutions market during the period of forecast

Monday, 25 December 2017

Global Penetration Testing Market to Register an Impressive CAGR of 13.9% During 2017 - 2027

Key players in the global penetration testing market are launching new products and increasing their business partnerships with other players. The U.S. is expected to be a key market in the global penetration testing market, due to the presence of major players in the region, an increasing number of data breaches and a rising adoption of cloud computing solutions and services. Insights such as these are included in a new report published by Future Market Insights titled Penetration Testing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The global penetration testing market is expected to witness significant growth with an impressive CAGR of 13.9% during the forecast period of 10 years from 2017 to 2027. This growth can be attributed to the increasing usage of penetration testing solutions in various industrial verticals, and the increasing adoption of cloud based solutions and services.
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Global Penetration Testing Market: Challenges
One of the biggest challenges for penetration testing solution vendors is the extreme and growing shortage of skilled cyber security personnel to analyse and respond to incidents of cyber threats
There are many multinational companies in North America, especially in the United States, who are looking to build multinational conferencing facilities. Such companies normally face challenges such as unauthorised access to the company’s bridge and network
Small businesses have smaller IT budgets, and consequently spend less on penetration testing and other cyber security solutions. The lesser adoption of penetration testing solutions in small enterprises is one of the major challenges for the penetration testing market
Lack of knowledge and awareness about the usage of cyber security solutions such as penetration testing, network testing, and firewalls is another big growth restraint in the penetration testing market
Global Penetration Testing Market: Key Players
IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Paladion Network Private Limited are some of the key companies operating in the global penetration testing market.
Global Penetration Testing Market: Segmental Analysis and Forecast
By type, the global penetration testing market is segmented into network penetration testing, web application penetration testing, mobile application penetration testing, social engineering penetration testing, and cloud infrastructure penetration testing. Among the type segments, the web application penetration testing segment dominated the global penetration testing market with a 27.8% share in terms of revenue in 2016. However, the mobile application penetration testing segment is expected to exhibit relatively high growth rates in terms of revenue, registering a CAGR of 14.9% over the forecast period.
On the basis of component, the global penetration testing market is segmented into software, and pen-test services (Consulting and Software-as-a-Service). Pen-test services segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 14.4% during the forecast period.
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By enterprise size, the segmentation comprises small and medium enterprises and large enterprises. In terms of value, the large enterprises segment is projected to be the most attractive segment in the global penetration testing market over the forecast period. In 2016, the large enterprises segment was the dominant segment, valued at US$ 316.9 Mn, and is expected to remain dominant in terms of revenue throughout the forecast period.
By vertical the market is segmented into BFSI, healthcare and life sciences, consumer goods and retail, automotive, IT and telecommunication, media and entertainment, government, and others. The IT and telecommunication segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 14.6% during the forecast period.
Global Penetration Testing Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are covered in this report. North America was the dominant market in 2016 in terms of revenue in the global penetration testing market. In the coming years, North America is expected to be a key market for substantial revenue generation. In terms of value, the North America market is projected to be the most attractive regional market for penetration testing during the forecast period.

Smart Camera Market Anticipated to be worth US$ 9,829.1 Mn by 2020

According to Future Market Insights’ new market research report, “Smart Camera Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020”, the global smart camera market is anticipated to witness a stellar compound annual growth rate (CAGR) of 23.84% through 2020, and reach a valuation of US$ 9,829.1 Mn; the global smart camera market was valued at US$ 2,469 Mn in 2014. In terms of volume, the smart camera market is anticipated to expand at a CAGR of 23.84% through 2020 and reach 85.47 Mn units by 2020.
Advancement in home- and industrial- automation has augured well for the prospects of the smart camera market. Smart cameras are used for surveillance and monitoring purposes in home automation, whereas in industrial automation, these are used for a host of applications, depending upon the specific industry. It is anticipated that increased demand from these sectors will fuel the smart camera market during the forecast period, 2015-2020.
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The global smart camera market is also propelled by technological advancements in smart camera technology. Innovation in CMOS image sensors, embedded system designs, smart lenses, and chip manufacturing has expanded the scope of smart camera applications.
FMI’s analysis found that the projected growth in the electronics and semiconductor industry will create new opportunities for smart camera market. Price reduction in PC-based smart camera and government focus on strengthening the surveillance and security system is also anticipated to provide an impetus to the smart camera market during the forecast period.
Lack of standardisation is a key challenge for the widespread adoption of smart cameras. Regulations regarding limited use of smart cameras for surveillance at public places is another factor that can restrain the growth of the market. Furthermore, the use of smart cameras in developing countries is limited to surveillance, security, and transportation sectors, and this can create challenges for market expansion during the forecast period.
Smart camera incorporates a host of components, including image sensor, memory, processor, communication interface, lens, and display. Among these, lens and processors accounted for 48% of the smart camera market share in 2014, and this is anticipated to amplify to 50% by 2020. FMI estimates that these two segments will expand at CAGRs of over 20% during the forecast period.
Evolution of user-friendly technologies is anticipated to boost the demand for smart cameras among consumers. The consumer segment was worth US$ 649 Mn in 2014 and FMI estimates that it will witness a CAGR of over 18% through 2020. Increased demand for smart cameras from transportation and automotive industry is anticipated to provide growth opportunities, with this segment anticipated to witness a CAGR of 24.5% through 2020. Other key application segments of smart cameras, including healthcare & pharmaceutical, food & beverages, military & defence, commercial area, and ‘others’ are also anticipated to witness a healthy growth rate through 2020.
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Asia Pacific is the most lucrative market for global smart camera market. Product innovation by manufacturers in China, India, Taiwan, Korea, and Singapore is fuelling the growth of smart camera market in the region. FMI estimates that the Asia Pacific smart camera market will witness a CAGR of 21.7% during the forecast period. Other key regions for smart camera market include North America, Western Europe, and Japan. Smart camera market in Latin America is at a nascent stage, however, FMI estimates that it will witness the fastest CAGR of 31.7%.

Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market. Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation and Panasonic Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, and XIMEA GmbHare focusing on developing innovative products to consolidate their position in the market.

Quad-Flat-No-Lead Packaging Market is expected to register a CAGR of 13.1% from 2017 to 2027

Future Market Insights presents a comprehensive analysis and valuable insights on the adoption of quad-flat-no-lead packaging in various applications and sectors across the globe. The report titled “Quad-Flat-No-Lead Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers a wide angle of the global market with the help of a detailed market segmentation. The research report also discusses various opportunities for quad-flat-no-lead packaging, various trends influencing the global market, key drivers fuelling the growth of the global market as well as restraints that have a negative impact on revenue growth of the global quad-flat-no-lead packaging market. The research report presents historic data as well as future market projections for a period of 10 years.
Global Quad-Flat-No-Lead Packaging Market: Factors Influencing Growth
Factors such as rising demand for wireless applications, growing adoption of portable devices, small form factor, enhanced thermal performance, rising applications in the automobile sector, high electrical performance and increased reliability are boosting adoption and consequently the growth in revenue of the global quad-flat-no-lead packaging market. However, aspects such as changing price of raw materials, more space needed by QFN packaging, wirebond challenge, high competition with WLCSP and BGA, high cost and problems associated with assembling the QFN package are hindering the growth of the global market.
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Global Quad-Flat-No-Lead Packaging Market: Segmental Snapshot
The global quad-flat-no-lead packaging market is segmented on the basis of type, QFN variants, application and by region.
By type, the plastic moulded QFNs segment is expected to reflect high market attractiveness and is the largest segment. The plastic moulded QFNs segment is estimated to reach a value higher than US$ 180 Bn by the end of the year of forecast thus dominating the global market. Air-cavity QFNs segment is projected to grow at a higher pace in the coming years.
By QFN variant, the quad-flat-no-lead segment is anticipated to reach a noteworthy valuation by the end of the assessment period. The ultrathin quad-flat-no-lead segment is projected to grow at the fastest rate to register a CAGR of 14.4% throughout the period of assessment.
By application, the radio frequency devices segment is estimated to be valued at around US$ 26 Bn in 2017 and is likely to lead the global market. The wearable devices segment is projected to register the fastest growth rate of 0% owing to increased use of quad-flat-no-lead packaging in wearable devices.
By region, Asia Pacific excluding Japan reflects high growth potential. The quad-flat-no-lead packaging market in Asia Pacific excluding Japan is projected to grow at the highest rate and is estimated to be the largest among all other regional markets, thus dominating the global market.
Global Quad-Flat-No-Lead Packaging Market: Forecast Highlights
The global quad-flat-no-lead packaging market is anticipated to reach a value higher than US$ 235 Bn by the end of the year of assessment from a valuation of more than US$ 68 Bn in 2017. The global market for quad-flat-no-lead packaging is projected to grow at a stellar CAGR of 13.1% throughout the period of forecast.
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Global Quad-Flat-No-Lead Packaging Market: Competitive Assessment

The research report on the global market for quad-flat-no-lead packaging includes analysis on key players and presents vendor insights in a dedicated chapter. Intelligence on key players such as NXP Semiconductor, Fujitsu Ltd., Toshiba Corporation, Texas Instruments, Microchip Technology Inc., STATS ChipPAC Pte. Ltd., ASE Group, Amkor Technology, UTAC Group, Linear Technology Corporation, Henkel AG & Co., and Broadcom Limited has been included in this chapter.

Mass Notification Systems Market is expected to register a CAGR of 10.9% from 2017 to 2027

Future Market Insights has published a research study on mass notification system market with revised forecast analysis on each segment of the global market. According to a recent market report titled, “Mass Notification Systems Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2027,” the global market was valued at US$ 4228.5 Mn in 2017, and is expected to register a CAGR of 10.9% from 2017 to 2027.
Global Mass Notification Systems Market: Forecast Highlights
According to the report on global mass notification systems market published by FMI, revenue generated by global mass notification systems market witnessed an increase and is estimated to reach value more than US$ 11 Bn by 2027 end, from US$ 4228.5 Mn in 2017.
Global Mass Notification Systems Market: Segmentation Analysis
Global mass notification systems market is categorized on the basis of solution, application, verticals, product and region. On the basis of solution, the market is segmented as in-building solution, wide-area solution and distributed recipient solutions. The revenue contribution from the wide-area solution segment is anticipated to expand at a CAGR of 11.6% during the forecast period.  The in-building solution segment is expected to lead the global market with a high valuation during the period of assessment.
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On the basis of application, the global market is segmented into interoperable emergency communication, integrated public alert and warning, business continuity (BC) & disaster recovery (DR) and business operation. The revenue contribution from the business operation segment is anticipated to expand at a CAGR of 11.6% during the forecast period.
On the basis of verticals, the global market is segmented into commercial, education, energy & power, healthcare, defense, automotive, transportation & logistics and government institutions. The revenue contribution from the government institutions segment is anticipated to expand at a CAGR of 11.9% during the forecast period. The education segment is anticipated to reach a higher estimation of more than US$ 2800 by the end of the year of assessment and is likely to lead the global market.
On the basis of product, the global market is segmented into hardware, software and services. The hardware segment is further segmented as led display & system, microphones, speakers, siren & strobe lights and others. Also the services segment is further segmented as installation & integration, maintenance and consulting services. The revenue contribution from the software segment is anticipated to expand at a CAGR of 11.4% during the forecast period.
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This report also covers trends driving each segment and offers analysis and insights regarding the potential of mass notification systems market in regions including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 13.2% over the forecast period. Revenue from the Mass notification systems market in North America account for over 57.5% of the global Mass notification systems market revenue in 2017. Mass notification systems providers can focus on expanding across several countries in APAC and North America regions such as India, China and U.S.
Global Mass Notification Systems Market: Competitive Analysis

Key competitors in Mass notification systems market are Everbridge, Inc., Metis Secure Solutions, LLC, Mir3, Inc., Omnilert, LLC, xMatters, Inc., AtHoc, Inc.–(BlackBerry Limited), Eaton Corporation Plc., Honeywell International, Inc., International Business Machine Corporation (IBM) and Siemens AG.

Version Control Systems Market Expected to Behold a CAGR of 11.5% through 2017-2027

A new report published by Future Market Insights titled “Version Control Systems Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)” tracks the details of the global market for a projected period of 10 years, i.e. between 2017 and 2027. According to this report, global sales of version control systems is estimated to be valued at US$ 326.1 Mn in 2017 and is estimated to reach US$ 971.8 Mn by 2027. Sales revenue is expected to expand at a CAGR of 11.5% during the forecast period 2017–2027. North America was the dominant market in 2016 in terms of revenue sales of version control systems. In the coming years, countries in North America such as the U.S. are expected to be key markets for sustainable revenue generation from version control systems.
Global Version Control Systems Market: Recommendations
Every enterprise whether large, medium or small sized, should adopt version control systems as it effectively maintains the dynamics of a team by eliminating maximum complexities associated with software programming. Additionally, it keeps a backup of every change and notifies by offering information about changes such as when was the change made, who made the change, etc.
For an enhanced performance, an integration of centralised and decentralised version control systems should be introduced. The resulting version control system would effectively eliminate the cons of both types and offer an enhanced end-user experience.
Asia Pacific is a strong regional platform for version control system vendors owing to the rapid growth of small and medium sized enterprises across the region.
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Global Version Control Systems Market: Forecast by Type
On the basis of type, the global version control systems market is segmented into distributed version control system, centralised version control system, and local version control system. The centralised version control systems segment dominated the global version control systems market with 66.6% share in terms of revenue in 2016. In terms of value, the centralised version control systems segment is projected to be the most attractive in the global version control systems market during the forecast period. However, the market for distributed version control systems is expected to register high Y-o-Y growth rates throughout the forecast period. The distributed version control systems segment is expected to gain significant traction over the forecast period and is expected to expand at a CAGR of 14.5% during the forecast period.
Global Version Control Systems Market: Forecast by Operating Environment
The operating environment segment of the global version control systems market comprises Linux, Windows and Others. The Windows segment is anticipated to exhibit high market attractiveness index over the forecast period. However, in terms of being the fastest growing operating environment segment, Linux and Others have represented 12.6% and 13.8% CAGRs respectively, which are more than the CAGR of the Windows segment.
Global Version Control Systems Market: Forecast by Enterprise Type
Enterprise type segment consists of large enterprises and small & medium enterprises. The small and medium enterprises segment is anticipated to expand at a CAGR of 12.5% during the forecast period. The large enterprises segment was dominant in terms of value, accounting for 61.1% share in 2016.
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Global Version Control Systems Market: Forecast by Region
The seven key geographies of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA have been covered in this report. The APEJ version control systems market is expected to witness a relatively high growth rate over the forecast period while the market in Europe is anticipated to witness a moderate growth rate. The North America market is estimated to be valued at US$ 101.8 Mn in 2017 and is expected to witness high growth in terms of revenue throughout the forecast period to reach a valuation of US$ 271.9 Mn in 2027.
Global Version Control Systems Market: Key Players

The key players operating in the global version control systems market are Microsoft Corporation, The Apache Software Foundation, Perforce, Git, Mercurial and Canonical Ltd.

Thursday, 21 December 2017

Industrial Furnaces Market Plying for Significant Growth During 2017 - 2027

Industrial Furnaces Market: Introduction
Industrial furnaces are the thermal enclosures in which raw materials, both solid state and liquid state, are processed at high temperatures. They attain higher processing temperatures as compared with open-air systems. The industrial furnaces can be designed according to their functions, temperature variance, fuel type and method of combustion. The basic construction of Industrial furnaces consist of radiant section, convection section, radiant coil, burner, flue gas stack and insulation. These furnaces have a basic working principle. The materials in fluid form are heated up to optimum temperature levels in the radiant section where the fuel is burnt using the burner. There may be more than one burner in the arrangement as per the requirement. Next, the fluid in the radiant tubes pass through convection section where the heat exchange takes place and the flue gases are condensed before they are released into the atmosphere through stack or chimney.
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Industrial furnaces are available in market in various formats. These are used in numerous industries like glass, ceramic, metal, food processing and many more. The industrial furnaces have everlasting demand as the industries won’t shut down anyway. Metals, glass, cement, refractories, ceramic, plastic and fiber all these industries are booming with the ever growing demand for each and every industry thus mentioned. This shows how much the market needs industrial furnaces each year. The processing of materials however, can be improvised by resolving energy losses and improving the efficiencies by doing some R & D in the field of thermodynamics. The market is demanding for more efficient industrial furnaces.
Industrial Furnaces Market: Market Dynamics
Usage of industrial furnaces is mandate in major industrial sectors for processing various materials, oils, gases and food products. Although there are different versions of them but there is no alternative presented in the market to replace industrial furnaces. Although the life of an industrial furnace is long, there are newer industries being set up every year all over the world. Some are the new entrants while most of the industries being set up are by the old player with an idea to expand their market presence. This sense of competition has brought in better scopes for the industrial furnace industry and can be considered as a new trend in the market. The key driver for this market is the perennial demand for steel and Iron along with other important metals and materials.
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With the growing demand for metals across several industries including but not limiting to automobiles, rail roads and metallurgy, more vehicles, ornaments, bridges, buildings and various other things are being manufactured and constructed. This calls for more and more industries to be set up to quench the rising demand which further ensures that there’s a lot of demand for industrial furnaces from businesses all over the world. With the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the concept of industrial furnace has changed the whole scenario by opting for better efficiencies and automation.

This boom can be an opportunity for those manufactures who would be the early adopters of this technology. In the hindsight, the restraint for the market lies in the fact that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a low product replacement rate. Secondly, most of the countries in the world are well equipped with sufficient industries and fewer no. of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market.

Tuesday, 19 December 2017

Commercial Aircraft Market Poised to Reach US$ 330 Billion by 2022

The commercial aircraft market is driven by a number of factors such as skyrocketing passenger traffic, aviation network infrastructural improvements, development of quieter and fuel-efficient aircraft, and government initiatives taken by several national governments encouraging the domestic commercial aircraft market. Some of these include liberalized taxation regions, R&D investments, and measures that aid the indigenous manufacturing of commercial aircraft. The commercial aircraft market is projected to witness a modest CAGR of 4.1% for the period from 2017 to 2022.

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  • Narrow body aircraft are the most popular in the commercial aircraft market and had the largest revenue share in the year 2017. Narrow body aircraft are poised to be the biggest beneficiary in the shift away from wide-body aircraft that carry more passengers at the cost of fuel efficiency. The narrow body aircraft segment is expected to be worth just under US$ 170 billion in end 2022, making it well-worth the while of all major stakeholders in the commercial aircraft market
  • Wide-body aircrafts have lost a large part of their appeal in the commercial aircraft market and are anticipated to lose further BPS over the course of the forecast period. However, the APEJ region could be the bright spot in the wide-body aircraft market as the region is predicted to record a CAGR of just under 5%. APEJ, riding on the shoulders of exploding air passenger traffic in China and India should require a large number of wide-body aircrafts throughout the duration of the five-year study and companies must be in a position to cater to this demand
  • Regional jets occupy the third slot in the commercial aircraft market and have a revenue share of approx. a sixth by product type. Key stakeholders in the commercial aircraft market are recommended to focus their attention on the North America and Europe regional jets market as both are estimated to push past a value of US$ 14 billion by the end of 2022. A higher CAGR is likely to be in Europe over North America during this time
  • The turboprop aircraft segment is a comparative niche in the commercial aircraft market and it accounts for minimal revenue share. Nonetheless, an absolute dollar opportunity of over US$ 7 billion is waiting to be tapped in the turboprop segment of the commercial aircraft market from 2017 to 2022. North America holds the greatest chunk of the turboprop aircraft segment with a contribution of almost a third of the commercial aircraft market
  • It can be safely assumed that the future of the commercial aircraft market lies in the APEJ region as the fundamentals of this region are quite strong. Booming economic growth, a rising middle class in China and India demanding greater air connectivity and travel options for business and leisure, coupled with government initiatives encouraging domestic manufacturing should ensure that this region remains paramount in commercial aircraft market
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  • Profiled companies in the report are Avions de transport regional, Pilatus Aircraft Ltd., Piaggio Aero Industries SpA, General Dynamics Corporation, Dassault Aviation SA, Textron, Bombardier, Embraer SA, Airbus SE, and The Boeing Co.

Ammonia Market Projected to Reach a value at US$ 73.84 Bn by 2025

Persistence Market Research has come up with a new publication titled “Ammonia Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),” with forecasts for the global ammonia market for a period of eight years, i.e. between 2017 and 2025. The global ammonia market is likely to witness a steady growth and is estimated to account for US$ 57.06 Bn by the end of 2017, expanding at a CAGR of 3.3% during the projected period. At the end of the assessed period, i.e. by the end of 2025, global ammonia market is expected to be valued at US$ 73.84 Bn. Growth in the market is expected to be driven by increasing consumption of fertilizers in the current scenario. To seek opportunities in untapped markets of Asia Pacific and Latin America is the key strategy of global players in the ammonia market.

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Global Ammonia Market: Drivers
  • Robust growth of mining operation in the region
  • Growing demand from fertilizers
  • Rising demand from the agrochemical industry
  • Growing agriculture and mining sector
  • Fertilizer Industry is the major consumer market, particularly in MEA
  • Government subsidy on certain fertilizers, mainly in India
Global Ammonia Market: Forecast by Product
On the basis of product type, the global ammonia market is segmented into anhydrous ammonia and aqueous ammonia. The anhydrous ammonia segment’s revenue share is expected to be on the higher side due to high demand for the product, due to two reasons – the first being its availability in the gaseous form and the second being its low cost as compared to aqueous ammonia. On the other hand attributing to niche applications and limited scope of consumption of aqueous ammonia as compared to anhydrous ammonia, the segment is considered to have a lower market attractiveness index with respect to its counterpart.

Global Ammonia Market: Forecast by Application
On the basis of application, the global ammonia market is segmented into MAP (Mono-ammonium Phosphate), DAP (Di-ammonium Phosphate), urea, nitric acid, ammonium sulphate, ammonium nitrate and Others. Urea segment, by application segment, is anticipated to witness maximum value CAGR of 3.6% in the global ammonia market and this segment is expected to consistently lead in terms of value over the forecast period. This can be attributed to the higher use of fertilizers in many regions, in order to enhance the quality and quantity of production of crop. However, among the various varieties of fertilizers, urea consumption is maximum, followed by other agrochemicals, such as MAP, DAP, and ammonium nitrate, among others.

Global Ammonia Market: Forecast by End Use
On the basis of application, the global ammonia market is segmented into industrial chemicals, agro chemicals, explosives, others. Agrochemicals segment is expected to continue its market dominance over the forecast period. The agrochemicals segment followed by the explosives and industrial chemicals segments is expected to be on higher side of market share because of the maximum demand for fertilizers, as the agricultural sector is growing in many regions, and also due to the increasing mining activities in various regions. Agrochemical segment is expected to account for a 51.4% share in the total global ammonia market by 2025.

Global Ammonia Market: Forecast by Region
The global ammonia market has covered five regions namely, North America, Latin America, Europe, APAC and MEA. APAC is a significant market for ammonia in terms of market value, accounting for 52.4% revenue share in 2025. APAC region is estimated to hold comparatively high market in terms of market value and was valued at US$ 28.28 Bn in 2016. This growth can be attributed to the high consumption of ammonia for various applications, especially for agrochemicals and explosives. The region is expected to remain the dominant market over the forecast period. The market is expected to expand at a CAGR of 3.6% over the forecast period. APAC will be followed by Europe and North America.

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Global Ammonia Market: Competitive Landscape

Some of the key players in the global ammonia market are included in this report. They are- Yara International ASA, CF Industries Holdings, Inc., Potash Corp, Orica Limited, Incitec Pivot Ltd., Mitsubishi Gas Chemical Co., Inc., Praxair., Inc., Achema AB, Linde Group, Jiangsu Huachang Chemical Co., Ltd., Koch Fertilizer LLC, SABIC, BASF SE, The Dow Chemical Company, Toggliazot PJSC, OCI Nitrogen, Haifa Chemicals Ltd., CNPC (China National Petroleum Corporation), Trammo, Inc., and Haldor Topsoe A/s.

Professional Services Robots Market Revenue is expected to Surpass a value of about US$ 7,400 Mn by 2022

A rapid growth in the service industries and the pressing need to adapt to the changing demand of the consumers, market challenges and a rapid advancement in technology with a backdrop of cut throat competition are the factors responsible for the growth of the professional services robots market. Robots have made their presence felt already in the realm of industrial automation where they are employed for carrying out repetitive tasks. However, with advancements in the fields of machine learning, artificial intelligence, cognitive science and adaptive computing are enabling the robots to assist humans in a variety of tasks. The development of technologically advanced robots that have an improved intelligence and can perform touch-sensitive tasks in a better manner and in addition also have the ability to interact with humans seamlessly will help their better adoption in fields such as healthcare.  

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The global professional services robots market is slated to touch a value of about US$ 7,400 Mn in the year 2022 and grow at a robust CAGR during the assessment period. 

4 Forecast Highlights on Global Professional Services Robots Market
  • As per the forecast of Persistence Market Research, the professional cleaning segment is slated to touch a value of nearly US$ 650 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The professional cleaning segment is estimated to account for nearly one-tenth of the revenue share of the application segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
  • As per the forecast of Persistence Market Research, the inspection & maintenance segment will reach a value of about US$ 180 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The inspection & maintenance segment is forecasted to account for a miniscule share of the total revenue share of the application segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
  • As per the forecast of Persistence Market Research, the water-based segment is slated to reach a value of nearly US$ 1,800 Mn in 2022. The water-based segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the water based segment. 
  • Persistence Market Research forecasts the U.S. professional services robots market to exhibit a compound annual growth rate (CAGR) of more than 20% from 2017 to 2022.
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The report has also included the profiles of some of the leading companies in the professional services robots market like Kuka AG, Robert Bosch GMBH, AB Electrolux, Northrop Grumman Corporation, Boston Dynamics, Inc., iRobot Corporation, Gecko Systems International Corporation, Daifuku Co., Ltd., Yujin Robot Co., Ltd, Aethon Inc. and Elbit Systems Ltd.

Functional Composites Market Rugged Expansion Foreseen by 2024

Functional composites are materials or compounds that offer special magnetic, electrical, and optical properties. These properties cannot be achieved by its single constituent separately. Thus, functional composites combines properties of different materials as well as advantages of different group of materials. Functional composites are stiff, strong, tough, light, and more durable when compared to their original materials. Other special properties of functional composites include new formulations for extrusion products, weather resistance, adhesive properties, high temperature resistance, low weight, biodegradability, barrier properties, and mechanical properties.
The functional composites group includes composites with magnetic, optical, and electrical properties. Dispersoids are functional composites with large amount of electrical properties. The ion flow is carried out almost on the matrix filler interphase in dispersoids. Functional composites usually implement special properties in combination with initial product properties. Combination of the magnetostriction of phase 1 and the piezoelectricity of phase 2 resulting in the magnetoelectric effect in the composite is one of the example.
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Functional composites includes photonic crystals, wherein the matrix as well as the filler are solid phases such as in opal and other structures. These composites also cradle many biomaterials  which are protected from interaction through efficient coating systems. Composite material is a multi-phase system that consist of matrix material and reinforcing material. Matrix material is a continuous phase, and it includes metal matrix composite materials, inorganic non-metallic matrix composite materials and polymer matrix composites.
Functional composites can be segmented on the basis of type into: polymer matric composites, metal matrix composites (aluminum matrix composites), and epoxy resin matrix composites. Polymer matrix composite material uses fiber as reinforcement and organic polymer as matrix. Usually, the strength of reinforcement fiber are higher than that of matrix material, thus, making fibers the main load-bearing part. Metal matrix composites employ low-density metal, such as aluminum; which is reinforced with fibers of a ceramic material, such as graphite/silicon carbide. Aluminum metal matrix is widely used in the automotive industry, owing to its low density and high specific mechanical properties. Aluminum composite matrix dominates the demand for functional metal matrix composites. Growth in automotive and aerospace industries is the key driver of the demand for aluminum matrix composites. In terms of reinforcement, functional composites material can also be classified into: diffusion-enhanced composite materials, particle-enhanced composite materials, and fiber-reinforced composite materials.. Functional composite materials are widely used in several industries such as automotive, aerospace, defense, electrical, electronics, and aerospace.
Currently, countries in Europe and North America account for the major share of the global functional composite market, owing to developed defense base and aerospace industry in these regions. Large number of manufacturers of function composites are based in North America and Europe. However, in terms of year-on-year growth in demand for functional composites, countries in Asia-Pacific is expanding at a steady rate. Growth in industrialization in Asia-Pacific is the major driver for the demand for various types of functional composites. Automotive and aerospace industries in Asia Pacific especially in China, India, and Japan; are expanding at a steady rate. This, in turn, is boosting the demand for functional composites in the region. Rise in investments,  and formation of alliances, joint ventures, acquisition, and collaborations are encouraging companies to expand their market share and attain competitive edge against existing competitors.

Key manufacturers and suppliers of wax emulsion products include Kyocera Corporation, Materion Corporation, 3M Company, 3A Composites Inc., Air Products & Chemicals, Inc., Bayer AG, E. I. Du Pont De Nemours & Company, Momentive Performance Materials Inc., Applied Materials Inc., Ametek, Inc., and Momentive Performance Materials Inc.
 

Monday, 18 December 2017

Potassium Iodate Market: Global Forecast over 2016 - 2024

Potassium iodate is a chemical compound majorly used in the food and healthcare industry. It is an oxidizing agent and catches fire if it comes in contact with reducing agents or combustible materials. It can be prepared by adding iodine to a hot, concentrated solution of potassium hydroxide. It can also be prepared by reacting a potassium-containing base such as potassium hydroxide with iodic acid.
Potassium iodate is used as an additive to raise herbage iodine levels. Potassium iodate is used for iodination of table salt to prevent iodine deficiency in humans. Iodine is an essential trace element; the thyroid hormones thyroxine and triiodothyronine contain iodine. In areas where there is little iodine; iodine deficiency gives rise to goiter, which results in developmental delays and other health problems. In some regions, potassium iodate is used as a source for dietary iodine. It is a major ingredient in some baby formula milk. Potassium iodate is also used in the food industry for various purposes.
The growing demand for potassium iodate in agriculture is expected to boost the market within the forecast period. The demand for potassium iodate has experienced a continuous rise in the past few years and this trend is expected to continue in the next few years as well. The major reason for this is the diverse range of applications of potassium iodate. It is used in agriculture, water treatment, food preservation, medical, industrial and fire service applications among others. It is used in agriculture as a stable form of iodine, for animal to correct iodine deficiency and prevent various animal diseases, in food industry for iodisation of table salt and in pharmaceuticals it is used for the production of disinfectants, antiseptics and deodorants. Owing to such a wide range of applications, potassium iodate is widely used in several end-user industries. The growing demand for these application products from is anticipated to drive the demand for iodate in the next few years. However, the US Food and Drug Administration has expressed serious concerns about the safety and effectiveness of iodate, and the fact that its manufacturers are not in conformity with FDA rules to assure safety, quality and purity of the product. In addition, potassium iodate has the disadvantage of being a stronger intestinal irritant. These parameters may act as restraining factors  for the growth of the potassium iodate market in the near future.
The regions such as Asia Pacific, Africa and Latin America are predicted to emerge as the fastest growing markets for potassium iodate. The demand is expected to be highest from the emerging economies such as China and India. The continual and rapid growth in the industries in these regions is expected to drive the demand for potassium iodate in the production of various applications products. Moreover, developed markets such as the U.S. and European economies are steadily recovering from the economic downturn and are anticipated to generate significant demand for potassium iodate in the coming years. Due to the positive outlook across the world, the global potassium iodate is predicted to record a strong growth in the near future.
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Key manufacturers of the potassium iodate market are Chemicals India Company, Chongqing Changyuan Chemical Corporations Limited, Tianjin Chemical Industry Co., Ltd. and Themedica among others. Potassium iodate market is fragmented in nature with many small, medium and large scale industries. 

Chromium Chloride (III) Market to Register a Stout Growth by 2024 End

Chromium chloride typically finds use as a catalyst and as a precursor to dyes for wool. The major applications of chromium chloride mainly include dyestuffs, organic synthesis and as a precursor to organochromium complexes. Chromium(III) chloride comprise various compounds of having the formula CrCl3(H2O)x in which x can be 0, 5 or 6. The anhydrous compound with the formula CrCl3 is a violet solid. The most common form of the trichloride is the dark green hexahydrate. Chromium chloride is generally used as a precursor to several inorganic compounds of chromium, for instance, bis(benzene)chromium which is analogue of ferrocene.
Phosphine complexes which are derived from chromium chloride catalyses the trimerization of ethylene to 1-hexene. Moreover, chromium chloride is used in organic synthesis in which chromium(III) chloride is used for the in situ production of chromium(II) chloride which is a popular reagent for the reduction of alkyl halides and also for the synthesis of (E)-alkenyl halides. This chemical reaction is generally performed by using two moles of chromium chloride per mole of lithium aluminum hydride, even though if aqueous acidic conditions are suitable zinc and hydrochloric acid might be sufficient. Chromium(III) chloride is also utilized as a Lewis acid in various organic reactions, for instance, for catalyzing the nitroso Diels-Alder reaction. Dyestuff is also a major application of chromium chloride. A wide variety of chromium-containing dyes are broadly used for commercial applications of wool. Major types of dyes produced from chromium chloride are triarylmethanes which consists of ortho-hydroxylbenzoic acid derivatives. The growing demand for chromium chloride in all such applications is expected to drive the global chromium chloride market in the next few years.
Asia Pacific is expected to be the fastest growing market for chromium chloride in the next few years. The main reason for this is the growing demand for chromium chloride from developing nations such as China, India, Indonesia and Thailand. Also, the countries in the regions such as Africa, South America and the Middle East are showing rapid economic growth since the last few years. These nations typically include South Africa, Brazil, Jordan, Nigeria, Egypt, Saudi Arabia, Qatar, Israel and Kuwait. Additionally, the U.S. and European countries are slowly recovering from the economic deceleration. All these factors are creating a positive outlook for the global industrial dynamics. Considering this positive outlook, the industries such as dyes and pigments are anticipated to record an astonishing growth in the next few years.
Moreover, there is a enormous market potential for the different types of dyes in the developing countries such as China, India and Brazil. The increasing demand for various types of dyes in the industries such as home textiles, apparels and geo-textiles across different geographies of the world, especially in the developing countries, is expected to drive the global dyestuff market in the next six years. This will eventually result in an increase in the demand for chromium chloride in the next few years.  The major players operating in the chromium chloride market are largely focusing on the developing countries for tapping their massive market potential. The major companies operating in the chromium chloride market are installing huge production facilities in these developing countries to fulfill the swiftly growing local demand for chromium chloride. Therefore, the global chromium chloride market is expected to witness a notable growth in the next six years.
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American Elements and OXKEM are the major producers of chromium chloride.

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