Market Research Blog – Page 10572 – New Product Development

Cognitive Assessment and Training Market Size, Rising Demand, Business Growth Factors and Revenue Strategies From 2022 – 2028

The Cognitive Assessment and Training Market is estimated at US$ 1.4 Bn in 2022 and is projected to rise significantly at a CAGR of 17.4% to reach US$ 3.7 Bn by 2028.

Future Market Insights (FMI) has recently published a report titled “Cognitive Assessment and Training Market – Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.” Cognitive assessment and training is the mental process of acquiring knowledge and understanding through experience and sense.

Furthermore, these cognitive assessment tools are used to identify individuals who are likely to need additional evaluation. At present, these tests are widely used by organisations as a part of the recruitment process to assess a candidate’s competence & suitability for the role, as well as to predict his/her future performance.

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Cognitive Assessment and Training Market: Overview & Analysis

Owing to these factors, the software sub-segment is also expected to exhibit a 70.2% market share at the end of 2018. In addition, the services segment is also projected to create potential growth opportunities for the vendors of cognitive assessment and training solutions during the forecast period.

Based on type, the global cognitive assessment and training market is segmented into Personal Computer (PC) and mobile & tablet. The mobile & tablet sub-segment is projected to register double-digit growth during the forecast period. This sub-segment registered a 61.8% market share in 2017.

Growth in the income of the middle class population has led to an increase in the purchase of premium smartphones. Hence, the mobile & tablet sub-segment is estimated to generate potential opportunities for the cognitive assessment and training vendors in most of the developed and developing countries.

In recent years, it has been observed that the domestic manufacturing of smartphones has registered double-digit growth in India and China. These factors are also creating the demand for mobile and tablet-based cognitive assessment and training solutions in India and China.

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Global and regional healthcare companies are increasingly adopting advanced technologies to sustain in this highly competitive environment. The global healthcare industry is undergoing technological advancements. Due to these factors, the healthcare industry is projected to have a market share of more than 60% in the cognitive assessment and training market at the end of 2018.

On the basis of geography, North America is expected to dominate the global cognitive assessment and training market due to the advent of next-generation technological advancements in the U.S. and Canada. The cognitive assessment and training market has high potential in China owing to major technological advancements in the country. China is now the most connected country in the world.

According to FMI analysis, long-term contracts with business partners help to increase revenue and new innovation strategies will enable cognitive assessment and training vendors to reach new growth markets. Some of the market participants featured in the global cognitive assessment and training market are IBM Corporation, Cambridge Cognition Limited, NeuroCog Trials, ERT Clinical, Brain Resource Company, WIRB-Copernicus Group, CogniFit, CRF Health, Cogstate Limited and Pearson Education.

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Key Segments of Cognitive Assessment and Training Industry Research

Cognitive Assessment and Training Market by Component:

Cognitive Assessment and Training Software
Cognitive Assessment and Training Services
Cognitive Assessment and Training
Cognitive Assessment and Consulting
Cognitive Assessment and Training Support & Maintenance

Cognitive Assessment and Training Market by Type:

Personal Computers (PCs)
Mobiles & Tablets

Cognitive Assessment and Training Market by End User:

Cognitive Assessment and Training for Healthcare
Cognitive Assessment and Training for Research Organizations
Cognitive Assessment and Training for Education
Others

Cognitive Assessment and Training Market by Region:

North America Cognitive Assessment and Training Market
Latin America Cognitive Assessment and Training Market
Europe Cognitive Assessment and Training Market
East Asia Cognitive Assessment and Training Market

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Over-The-Counter Pain Medication Market is estimated to attain a valuation of US$ 27.7 Billion by the end of 2028

[Report of 274 pages] Over-the-counter pain medication currently generates a revenue of US$ 21.8 billion in 2022 and is expected to reach a valuation of US$ 27.7 billion by the end of 2028. Over-the-counter pain medication demand is expected to grow at a CAGR of 4.1% from 2022 to 2028.

The OTC (over-the-counter) pain medication market surpassed US$ 18 billion in 2018, with growth influenced by changing perceptions on generic pharmaceutical drugs, according to a recent study published by Future Market Insights (FMI). The study opines that market revenue will rev up at an improved rate of 3.7% to exceed US$ 19.3 billion in 2019. FMI analyzes various aspects of market growth influencing the OTC pain medication market.

Many consumers are making a shift to generic drugs to reduce total spending on non-prescription or OTC pain medication. Various governing bodies, such as the United States Food and Drug Administration (FDA), have implemented stringent regulations and labeling rules to ensure the safety and effectiveness of OTC pain medications. Leading players in the OTC pain medication market are collaborating with generic drug-makers to capitalize on the trend of consumer inclination towards generic versions of branded OTC pain medications, finds FMI.

The FMI study features valuable and actionable insights obtained through thorough research on OTC pain medication market. Some of the insights mentioned in the study are,

Growing geriatric population and prevalence of chronic pain-related disorders among the elderly population is bolstering sales of OTC pain medications.
Over 20% of the adult population of the world is already suffering from pain-related disorders and new cased of pain-related problems are reported by over 10% of the global population, which is increasing significantly every years. This is providing an impetus to growth of the OTC pain medication market.
Increasing awareness about the side effects of pain killers, such as stomach ulcers and gastrointestinal problems, may hamper the OTC pain medication market growth.
Developed countries will dominate the OTC pain medications market with more than half the revenue share of the market. However, developing countries in Southeast Asia will witness fastest growth in the OTC pain medication market with rapidly developing pharmaceuticals and healthcare sector in the region.

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Acetaminophen Drugs Hold Majority Share in OTC Pain Medication Market

The FMI study thoroughly assesses growth of the OTC pain medication market based on various drug classes, such as Nonsteroidal anti-inflammatory drugs (NSAIDS), acetaminophen, and local anesthetics. The study finds that acetaminophens are among the most commonly purchased OTC pain medication, and this drug class holds 45% share in the revenues of OTC pain medication market. As acetaminophen is considered as a safer pain medication than other pain relievers, its demand will continue to remain high in the upcoming years, opines the FMI study.

The Consumer Healthcare Products Association (CHPA), an American trade association, recently published a study on the misuse of acetaminophen-based OTC combination products. The study found that a 28 percent decline was recorded in therapeutic misuse exposures involving acetaminophen-containing OTC combination products. The incidents of acetaminophen misuse decreased from 8,753 to 6,278 between 2007 and 2016, which is a substantial evidence for the safety and effectiveness of acetaminophen-containing OTC pain medications.

Thereby, the FMI study opines that the acetaminophen drugs will maintain a maximum share of over US$ 8.7 billion in the OTC pain medication market through 2019, and the trend will continue to persist in the coming future.

Governments take Initiatives to Spread Awareness about Safe Use of OTC Pain Medications

Despite the increasing reliance on OTC pain medications, a large consumer group is still skeptical about their effectiveness and positive impacts on health. In order to help consumers to avoid incorrect use of OTC pain medications, many governing bodies including FDA have developed guidelines and tips for patients for choosing appropriate OTC pain medications. Consumers are becoming conscious about the drug fact labeling (DFL) requirements and other regulations vis-à-vis OTC pain medications, which is influencing major dynamics of the OTC pain medication market, projects the FMI study.

The study provides a futuristic overview of the OTC pain medication market with important information about growth prospects of the market during the forecast period 2018-2028. The study predicts that the OTC pain medication market will witness healthy growth at a healthy 4.5% value CAGR to reach US$ 13 billion by the end of the assessment period.

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Key Segment

Based on drug class

non-steroidal anti-inflammatory drugs (NSAIDs)
local anaesthetics
acetaminophen

Based on route of administration

oral
tropical
others

Based on dosage from

tablets
capsules
creams
gels
others

Based on distribution channels

hospital pharmacies
drug stores
retail stores
e-commerce
others

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Automated Testing Software Market Size, Industry Share, Analysis Report to 2027

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Automated Testing Software Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period to 2027.

The team of researchers at Future Business Insights are focusing on research and market study to produce different Automated Testing Software Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Automated Testing Software Market.

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Phthalocyanine Pigments Market: Key Players

Examples of some of the market participants present in the value chain of the global Phthalocyanine pigments market include, Mazda Colours Ltd., Alliance Organics LLP, NIRBHAY Rasayan Pvt Ltd (NRPL), Clariant International, BASF S.A., Yabang Investment Holding Group, DIC Corporation (Sun Chemical), LANXESS AG, RIVERSIDE INDUSTRIES LIMITED, Deep Group of Industries, and others.

Phthalocyanine Pigments Market: Segmentation

The market for Phthalocyanine pigments can be segmented on the basis their application, end-use, and region. Based on applications, the Phthalocyanine pigments market can segments into – plastic, paints and coatings, ink, rubber, textile, leather, soap and detergent, and other industrial.

Based on the end-use industry, the Phthalocyanine pigments market can be segmented into construction (domestic, commercial, industrial, and infrastructure), automotive and aerospace, marine, textile, and equipment and other industrial.

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Queries Solved

What is the size of the overall Automated Testing Software Market in the Technology Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Automated Testing Software Market in the Technology Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Automated Testing Software Market in the Technology Market?
What is the Automated Testing Software Market in the Technology Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Automated Testing Software Market in the Technology Market?
What are the recent trends in Automated Testing Software Market in the Technology Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Automated Testing Software Market in the growth of the Technology Market?
What are the key market trends impacting the growth of the Automated Testing Software Market in the Technology Market?

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Delta Robots Market – Future Plans and Industry Growth with Quantitative And Qualitative Analysis

Delta robots were initially developed for limited pay load or for packaging applications. Delta robots are a type of parallel robots, having three arms attached to a joint at the base. These robots are also called spiders owing to their agility and spider-like arms. Delta robots are frequently used in picking and packaging applications in various factories. They can be used to execute more than 300 picks per minute.

Moreover, if we talk about developed countries of North America and Europe, higher demand is expected to be witnessed from assembling industries where delta robots are required to increase the efficiency and overall output. Japan is also going to hold a significant share in the global delta robots market, primarily due to higher adaptation of new and automated technologies in the country.

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That apart, these robots also help in maintaining the required hygiene standards. Hence, these significant features of delta robots will create significant demand for them in near future.The global market for delta robots is expected to witness robust growth in the Asia Pacific region over the coming years. This can mainly be attributed to the growing packaging and assembling sectors of the region.

Market Participants

Names of some of the manufacturers involved in the manufacturing of delta robots are:

ABB
Codian Robotics
FANUC Europe Corporation S.A
Omron Corporation
Kawasaki Heavy Industries
Penta Robotics
Maxon Motor
Cama Group
Estun Automation Co., Ltd
Robert Bosch GmbH

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Delta Robots Market: Segmentation

The global market for delta robots can be segmented on the basis of dimensions, end use and region.

On the basis of dimensions, the global delta robots market can be segmented as:

2D Robot
3D Robots
4D Robots
5D Robots
6D Robots

On the basis of end use, the global delta robots market can be segmented as:

Food & Beverages Industry
Packaging Industry
Medical & Pharmaceutical Industry
Electrical & Electronic Industry
Others

On the basis of region, the global delta robots market can be segmented as:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
China
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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https://www.whatech.com/og/markets-research/industrial/730222-which-region-is-expected-to-dominate-the-commercial-kitchen-ventilation-system-market

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Security Information and Event Management Software Market Trends and Opportunities Report by Forecast to 2027

The Security information and event management (SIEM) offers real-time analysis of security alerts which are generated in organizations IT infrastructure network application and hardware.

SIEM refers to software and product services that combines security event management (SEM) and security information management (SIM).

The risk of cyber attacks and security breaches is expected to increase in IT industry in coming years for obtaining critical information in banks and IT companies. SIEM aids to track and analyze the security with the help of functions such as SEM and SIM.

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These aid the enterprises to adhere to legal compliance requirements to protect its IT system in future. SIM helps to collect logs from organization’s IT infrastructure and store it in a centralized security database.

SEM supports to consolidate the logs in security database and allows real time analysis of security related events for organizations and to take necessary security steps.

Log is created across IT infrastructure including network devices, database, workstations and security appliances.

SIEM has come to be vital for running a business efficiently and flawlessly. The SIEM software permits its end-users to execute event forensics in case of a security breach by analyzing particular log for that event.

The SIEM solution permits separating the core cause of a breach, failure, threat or any non-compliant activity.

SIEM solution are being deployed by rising number of organizations not only for regulatory compliance but also for threat management by monitoring and detecting early security breach in an IT system.

Currently, organizations fail to succeed in identifying the targeted attacks and compliance breaches. It can be met by improved and enhanced threat intelligence.

Therefore, in order to better utilize real-time monitoring, organizations are trying to expand their SIEM deployments over a long period of time.

SIEM vendors have started focusing on expansion of technology deployments with new as well as existing customer accounts and showcasing their product as a platform by offering security and application analytics.

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Global Security Information and Event Management Software Market: Drivers and Challenges

Some of the key factors responsible for the growth of security information and event management software market in coming years include rising level of sophistication in cybercrimes and growing compliance and regulatory mandates.

However, the high cost of deployment and scalability of security information and event management software may decrease the growth in revenue of security information and event management software market.

Global Security Information and Event Management Software Market: Competition Landscape

Some of the key players for security information and event management software market are LogRhythm, Inc., Splunk Inc., AlienVault, Inc., IBM Corporation, Hewlett Packard Enterprise, LogPoint, Intel Security, SolarWinds, TIBCO Software, Trustwave Holdings, Inc. and Exabeam

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Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Security Information and Event Management Software Market: Segmentation

Global security information and event management software market can be segmented into solution type, verticals, and regions.

On the basis of solution type, global security information and event management software market can be segmented into

log and event management
patch management and
firewall security management.

On the basis of vertical, global security information and event management software market can be segmented into

BFSI
IT and telecommunication
hospitality
educational institutes
government offices
energy andutility
retail and
others.

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Chemotherapy-Induced Myelosuppression Treatment Market to US$ 9.59 Billion through 2028

[211 pages Report] A new study by FMI reveals that the chemotherapy-induced myelosuppression treatment market is expected to grow at a subdued 3% y-o-y in 2019. Valued at nearly US$ 7 billion in 2018, gains are likely to be driven by a combination of multipronged factors, including,

Development of natural product interventions for chemotherapy-induced side effects
Growing implementation of radiation treatment in cancer treatment owing to the associated high success rate of chemotherapy
Growing R&D investments in cancer research

The FMI study finds that ‘growth factor’ drugs continued to garner highest revenues in the chemotherapy-induced myelosuppression treatment market. In 2018, over 73% of the chemotherapy-induced myelosuppression treatment market revenues were consolidated in the growth factors. Gains were especially notable for granulocyte-colony stimulating factor or G-CSF, which accounted for over 60% of the global chemotherapy-induced myelosuppression treatment market revenues in 2018.

The FMI study reveals that erythropoietin-stimulating agents (ESA) also accounted for a significant market share, with revenues likely to grow at 2.8% in 2019. In April 2017, FDA announced the removal of risk evaluation and mitigation strategy (REMS) requirement for the use of ESA drugs in myelosuppression treatment. The ESAs used in the treatment of radiation-induced myelosuppression treatment are epoetin alfa and darbepoetin alfa. This has led healthcare professionals to engage in the practice of discussing benefits as well as risks of treatments that include ESAs before initiating the use.

Hematopoietic growth factors have transformed the practice of cancer treatment by allowing stimulation of production of specific cells. With this, use of thrombopoietin receptor agonists is expected to rise rapidly at the rate of 3.5% in 2019.

Injectable Drugs Present Higher Therapeutic Availability over Orals

The FMI study finds that injectable drugs accounted for over 97% of the chemotherapy-induced myelosuppression treatment market revenues in 2018. The status-quo will continue in the future, however, the oral route of administration is expected to garner increasing annual revenues and expected to grow at 4.8% in 2019 over 2018.

Increasing number of research validations related to the benefits of the oral route of administration can be attributed to the higher growth rate of the segment in the future. However, revenues from the injectable route of the administration continue to grow steadily on the back of their higher therapeutic availability over orally administered drugs.

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Market Revenues Consolidated in Neutropenia Treatment

According to the study, chemotherapy-induced myelosuppression treatment market revenues heavily consolidated in the neutropenia treatment. In 2018, neutropenia indication accounted for over 62% of market revenues. As neutropenia is one of the most common side effects of chemotherapy wherein prolongation of the same can lead to life-threatening infections. Owing to the severity of the implications, chemotherapy-induced myelosuppression therapeutics are heavily used in the treatment of neutropenia.

Anemia and thrombocytopenia indications also utilize chemotherapy-induced myelosuppression treatment therapeutics. The study finds that revenues in the thrombocytopenia treatment will grow at 3.7% y-o-y in 2019.

Retail Pharmacies Most Prominent Sales Channel

The study opines that chemotherapy-induced myelosuppression treatment therapeutics sales remain higher through retail pharmacies. Suppliers of these therapeutics have extensive distribution network with international retail pharmacies. Due to this, retail pharmacies accounted for over 48% of the chemotherapy-induced myelosuppression treatment market revenues in 2018.

Owing to heavy integration of pharmacies in the hospitals, distribution of chemotherapy-induced myelosuppression treatment therapeutics through hospital pharmacies also account for a considerable share of the market revenues. The study finds that hospital pharmacies can be called the second largest distributor of chemotherapy-induced myelosuppression treatment therapeutics owing to their 45% of the market revenues.

US – The World’s Largest Chemotherapy-induced Myelosupression Treatment Market

FMI reveals that North America accounted for over 82% of the revenues in chemotherapy-induced myelosuppression treatment market in 2018. Presence of leading cancer therapeutics providers, significant R&D investments and established healthcare sector contribute to the bulk of market revenues. The U.S. remains the largest consumer of the chemotherapy-induced myelosuppression treatment market.

Market revenues in the APEJ region are likely to grow at higher rate owing to improving healthcare facility and growing penetration of advanced cancer care treatments. China, followed by India, accounts for the highest market revenues in APEJ owing to improving economic scenario and developing healthcare infrastructure.

The FMI report analyses chemotherapy-induced myelosuppression treatment market for the forecast period 2018-2028. As per the report, the chemotherapy-induced myelosuppression treatment market is estimated to grow at 3.2% CAGR through 2028.

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Key Segment Based on indication

neutropenia
anaemia
thrombocytopenia

Based on drug class

growth factors
erythropoietin stimulating agents
thrombopoietic agents
iron supplements
others

Based on route of administration

oral
injectable

Based on distribution channel

hospitals pharmacies
retail pharmacies
online pharmacies
drug stores

Based on regions

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa (MEA)

About FMI:

Chemical Reactors Market – Business Opportunities and Global Forecast to 2028

Globally, the industrial sector in any geographical region plays a vital role in the growth of the economy through manufacture, export or other means. The economics of overall chemical process are determined and primarily depend upon chemical reactor. The global economy is supported by increased industrial production globally. The chemical sector is an important entity that influences growth of a region in many aspects. It has been experiencing promising growth over the last couple of years and is expected to thrive with the same potential over the next few years.

Chemical reactors have several components, such as a jacket that can increase or reduce the temperature as per the reaction mass demand, internal coils that provide heat to reaction mass when needed, an external heat exchanger that is used for circulation purpose, the cooling effect that may help while transferring reaction mass from one reactor to other, an agitator that mixes the reaction mass homogenously and instrumentation controls that control the temperature and pressure throughout the reaction time.

The prime element of any chemical reactor is the material balance of the reaction and heat and mass transfer of the same. Several factors, such as raw materials used and their chemical and physical characteristics, thermodynamic behavior of every component taking part in the reaction, reaction rate, heat of the reaction, corrosion and erosion characteristics, are considered before designing any chemical reactor.

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Manufacturing of chemicals involves several operations and the primary equipment required for production are chemical reactors. Chemicals reactors are vital equipment of any chemical process industry. A chemical reactor is a vessel that contains reaction mass for manufacturing of various chemicals, in which mass transfer, heat transfer, friction, diffusion and other processes take place. A chemical reactor ensures safety and uninterrupted flow of process.

Key Opportunities

Increasing opportunities in end use industries are expected to propel the growth of the chemical reactors market. On the basis of competitive landscape, the market is classified into organized and unorganized sectors. Prominent players are focusing on adopting alternative distribution channels, such as online sales, to further strengthen their market presence in the regional as well as global market.

Majority of key players are focusing on acquiring small players, whereas small-scale companies need to make significant investments in R&D to introduce new products and enhance their presence across the globe. Low cost production could substantially help these players to raise their market revenue share. Emphasis on product innovation along with focus on sales through direct distribution are the two major differentiating factors that enable organized players to hold significant market shares in the global and regional markets.

Regional Outlook

Supply of various chemicals is dominated by Asia Pacific region across the globe, with significant chemicals production volumes, China is expected to lead the chemical reactors market followed by North America and European region.

Increasing degree of fragmentation in supply of bulk and agrochemicals across the globe is expected to be a key driver in the global chemical reactors market. Replacement and refurbishment activities in established economies are further expected to drive growth in global chemical reactors market.

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Key Players

Key players identified in the global chemical reactors market are Bepex International LLC, SV Equipments, McGean-Rohco Inc, Oxkem Limited, Kalina Engineering Pvt. Ltd, Pratik Engineering, Hexamide Agrotech Inc, Dharma Engineering and Sigma Scientific Glass Pvt. Ltd.

Chemical Reactors Market

The research methodology for the chemical reactors market is based on the several macroeconomic factors, supply and demand based driving factors, which can influence the market trends. In addition to this, we identify and allocate a weighted score to forecast factors that influence the demand for target products. These factors are the representative of an entire value chain, as well as the macro-economic indicators such as per capita consumption pattern in respective geographies. We then map the historical growth rate and future growth projections of these factors with estimated year data (base year) and arrive onto growth forecast for targeted types in each country.

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Emission Monitoring Systems Market Analysis By Supply And Consumption Demand Analysis To 2027

Growing importance to meet the emissions compliance and continuous improvement in data reporting process is the key factor drives the growth of global emission monitoring systems market.

Emission monitoring systems are deployed to measure and monitor various pollutants like NOx, SO2, CO, CO2, HCI, NH3, HF, Mercury THC, etc.

Emission Monitoring System is unified system of gas sampling system, gas analysers, temperature, flow and opacity monitors that are integrated with a data acquisition system.

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Emission Monitoring Systems are deployed to address the environmental regulatory compliance of various industrial sources of air pollutants.

Generally, Emission Monitoring Systems have certification or approval at the appropriate measuring range(s) by national or international certification body, such as TUV in Germany, MCERTS in the UK, and other regularity bodies.

Global Emission Monitoring Systems Market: Market Dynamics

Changing framework for businesses to meet quality requirements, stringent emission standards, and continuous improvement in mandatory reporting structure by various national and international environmental agencies are the key factors contributes the growth of global emission monitoring systems market.

Additionally, global initiatives to prevent climate change, growing awareness among governments to reduce environmental pollution and increasing global investment in environmental management, further accelerates the growth of global emission monitoring systems market.

Also, rising health concerns related to air pollution, growing interest in manufacturing sector to identify opportunities for reducing emissions and increasing efficiency, and increasing focus on utilizing emissions data & analytics solutions to improve efficiency, further expected to fuel the growth of global emission monitoring systems market.

However, high deployment cost to integrate with the existing system and lack of awareness regarding the potential benefits of emission monitoring systems and the factors identified as restraints likely to deter the progression of growth of global emission monitoring systems market.

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Global Emission Monitoring Systems Market: Market Segmentation

The global emission monitoring systems market is segmented on the basis of type, component, by end-user vertical and by region. On the basis of type, the global emission monitoring systems market can be segmented into continuous emission monitoring system (CEMS) and predictive emission monitoring system (PEMS).

On the basis of component the global emission monitoring systems market can be segmented into Hardware, Software and Services.

On the basis of end-user vertical the global emission monitoring systems market can be segmented into Cement, Chemicals and Fertilizers, Pharmaceutical, Metal and Mining, Marine and Shipping, Food & Beverage, Waste Incineration, Pulp & Paper and others. Regionally, the global emission monitoring systems market is segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

Global Emission Monitoring Systems Market: Regional outlook

North America emission monitoring systems market is expected to dominate the market, due to stringent emission standards, rising focus on sustainable technologies and continuous government initiatives to reduce greenhouse gas emissions.

Asia Pacific emission monitoring systems market is identified as the fastest growing market due to expanding manufacturing sector, transforming regulatory practices and mandatory compliance requirements.

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Global Emission Monitoring Systems Market: Competition Landscape

Some of the prominent vendors in the global emission monitoring systems market, includes ABB., Emerson Electric Co., HORIBA, Ltd., Rockwell Automation, Inc., Thermo Fisher Scientific Inc., Siemens AG, General Electric Company, Enviro Technology Services, Ecotech, and Wilcox Enterprises, Inc.

Regional analysis for Global Emission Monitoring Systems Market includes

North America
- US
- Canada
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Western Europe
- U.K.
- France
- Germany
- Italy
- France
- Spain
- Nordic
- Benelux
- Rest of Western Europe
Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
Asia Pacific Excluding Japan
- Australia and New Zealand (A&NZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific Excluding Japan
Japan
Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Turkey
- Rest of Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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Balers Market- New Technological Development Projecting Massive Growth till 2028

The Global Balers market is expected to gain traction in its usage due to large scale livestock feedlot operations, where tons of feeds are rationed every hours. The market is being governed primarily by a set of tier-1 manufacturers who rule on global as well as on local / regional levels.Increasing product awareness amongst end users, preference for stationery wire tying balers have been identified as primary factors responsible for market growth.

Since the launch of balers, major manufacturers have underwent a lot of technological up gradations to enable convergence of balers with a plethora of advancement, such as tractor pulled automatic tie pick up, or a wire tying balers. Additionally, manufacturers are launching new balers with advanced features to sustain their market share over the forecast period. For instance, Claas KGaA mbH introduced new stationary chamber round balers named Rollant 620, with 1.50 m diameter of bale.

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This has been developed for harvesting of hay and straw with high throughput and bale density. Similarly, Massey Ferguson, launched new series MF 2200 (large square balers) which includes a new Packer Cutter for the MF 2240 and MF 2250 models. Likewise (Aug, 2017), the company (Deere and Company) introduces five new models for precutter baler (1.5m) and round bale accumulators. These all models comprise of the new (0 Series Round Balers) which are build upon the nine series balers and comprise of new features which improve balling speed, hay pickup and productivity in the field.

Therefore, to gain competitive advantage, manufacturers are providing possible services and product training facilities to consumers (farmers) via several initiatives. Aftersales service facilities and training are being provided by manufacturers through distributors/franchisees or direct sales channel in the target regions. Therefore these kind of activities, in turn, enhance the brand image and consolidating companies’ business footprint as well as consumer base.

Regional Market Outlook

The global balers market is segmented into the following regions – Middle East and Africa, China, India, North America, Latin America, Eastern Europe, Western Europe, Japan and South East Asia. India and China have been dominant in the Global Balers market mainly due to increased acceptance by farmers on individual as well as commercial level. In North America, the USA is a prominent market due to the high demand from agricultural industry.

Western and Eastern Europe are also expected to provide sound growth opportunities due to rising awareness about balers. Latin America is also projected to grow with considerably high CAGR due to rising demand from countries such as Brazil and Mexico. Growth in the Middle East and African region is expected to be considerably less as compared to the other regions.

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Key Players

The key players ruling the global Balers market are Deere & Company, Case Construction Equipment, Caterpillar Inc., Kuhn S.A, AGCO GmbH, Vermeer Corporation, Claas KGaA mbH, Krone UK Ltd., to name a few in the global and regional specific markets.

Increasing opportunities in the agricultural industry due to the advancement in technology, and increase in demand from industrial sector are expected to create demand for balers in the forthcoming years. With the market being less focused, opportunities for market entrants are projected to be on the optimistic side with focus on regional/ local markets by market participants. Also, the value or supply chain is expected to expand due to an entry of retailers and product suppliers catering to high sales volume demand from the farmers receiving significant trade margins.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

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Industrial Access Control Market Analysis by Size, Rising Demand, Business Growth Factors and Revenue Strategies 2031

Future Market Insights (FMI) projects the industrial access control product demand outlook to remain positive, with sales predicted to surpass US$ 3,653.5 Mn by 2021. Continued use of access control systems across various industrial sectors such as automotive, paper and pulp, chemicals is expected to propel the year over year growth at 9.0% in the market.

Increasing applications of contactless biometrics like facial and iris recognition will drive the demand for access control solutions at 10.6% in the automotive sector. The market for Iris biometrics is expected to gain momentum in the coming years with an impressive growth in healthcare and BFSI sector.

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2016-2020 Industrial Access Control Demand Outlook Compared to 2021-2031 Forecast

Evolving security threats and concerns related to data security and privacy are likely to drive the market over the coming years.

The industrial access control demand will rise at 9.0% CAGR between 2021 and 2031 in comparison above 8.0% CAGR registered during 2016-2020.

Cyber threats on cyberspace evolve through time capitalizing on new approaches. Concerns regarding cyber threats are rapidly growing on critical infrastructure such as electricity grids, manufacturing sectors, automotive industries and healthcare systems to use in terrorism, sabotage and information warfare.

As the range of potential threats continues to expand, organizations are increasingly find themselves in a position having to make security decisions, by configuring their security-related settings, responding to security-related events and messages, or enforced to specify security policy and access rights.

Examples of threats that access control system protects against are unauthorized access into areas and theft of mobile devices.

Attackers can gain entry into secured areas through tailgating, hacking into access control smart cards or breaking in through doors. Defenses for these threats include physical intrusion detection systems, biometrics, and alarm systems.

Access control is an effective method to ensure the safety and security of humans, industrial assets and data.

These systems are based on authentication and authorization and is the most widely used strategy for data security prevention and protection in data systems.

It can restrict access to key resources and prevent intrusion of illegal users or inadvertent operation of legitimate users.

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How is Increasing Awareness Regarding Cybercrime and IT Security Threats Driving Growth?

Owing to the various initiatives undertaken by companies across various countries, awareness about cybercrime and security data is increasing significantly.

Companies are taking steps to secure their data and enterprise information from various internal and external digital attacks on the cloud as well as on-premise.

Increasing awareness about cybercrimes and data security is expected to drive the industrial access control systems during the forecast period.

Furthermore, the digitization of workloads is growing steadily in various countries, such as India, China, the U.S., France, Germany, and Japan, and enterprises are adopting advance access control technologies such as biometrics and access control solutions.

While this exposes new endpoints to cyber-attacks and digital frauds, it also provides significant opportunities for the adoption of access control solutions.

A survey conducted on SMEs by Zurich, a cyber-attack insurance provider, revealed that in Asia Pacific, SMEs consider cybercrime as one of their top concerns.

What Is the Impact of COVID-19 Crisis on Industrial Access Control Sales?

The spread of COVID-19 pandemic gripped the globe in the start of 2020. Governments around world ramped up their measures to quickly respond to the COVID-19 pandemic.

Among various biometric technologies facial recognition, geolocation recording and facial biometric technologies is gaining traction to detect and identify infected peoples.

However, fingerprint verification systems are growing fears that fingerprint or hand scanners used to control facility access are potential vectors for the spread of coronavirus.

The global biometric systems has shown tremendous growth in the past few years, the widespread of fingerprint biometric recognition systems was the main reason behind the huge growth.

Historically, the market for fingerprint biometric systems has grown around 8% to 9% globally in the past 5 years. But due to the COVID-19 outbreak, the production of fingerprint biometric systems has slowed down, with the projected decline of nearly 6%-5% in Q1-Q2 2020.

The U.S. Russia, Spain, France, the U.K., Italy, and Germany are some of the worst-affected countries due to the COVID-19 outbreak.

These are major manufacturing hubs for sectors such as automobiles, transportation, aviation, construction, energy, and power.

Governments have issued various protocols to possibly replace fingerprint employee-tracking systems with a card-based system or facial recognition, hence opening doors for facial recognition systems.

However, as per research, the industrial access control manufacturers have started recovering from the first quarter of 2021, also the global market would possibly recover soon in the coming quarters of 2021.

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Industrial Access Control Market by Category

By System Type:

Fingerprint Access Control Systems
Face Recognition Access Control Systems
Iris Recognition Access Control Systems
Card-Based Access Control Systems
Others

By Component:

Hardware
- Fingerprint Scanners
- Facial Recognition Devices
- Iris Scanners
- Smart Cards
- Others
Software
- Integrated Access Control Software
- Standalone Software/Middleware
  - Facial Recognition Software
  - Iris Recognition Software
  - Others
Service
- Professional Services
  - System Integration & Installation
  - Security Consulting
  - Support & Maintenance
- Managed Services

By Industry:

Energy & Utilities
Automotive
Aerospace
Chemicals
Pharmaceuticals
Food & Beverages
Electronics & Electricals
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

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