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Manufacturing Analytics Market Statistics, Segments Growth Report to 2027

Statistical tool that performs rule-based analysis to enhance business process and production quality is termed to be manufacturing analytics. The application of analytics in various industries such as in banking, retail and other are popularly known but recently there is an increase in demand for application of analytics in manufacturing sector in order to minimize operational cost, simplify supply-chain requirements and more.

Additionally, the manufacturing companies which adopt process improvement programs including SCADA, lean manufacturing, and six sigma has enhanced the adoption of manufacturing analytics.

Manufacturing analytics gathers data from geographically distributed resources, using PLCs, historians and offer organized and modeled analysis. On premise manufacturing analytical tools enable installation and service of these software suite at client side and are expensive.

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Manufacturing Analytics Market: Drivers and Challenges

The analysis of manufacturing process data are fading out due to increasing multiple industry data sources such as in-factory databases, sensor, images and among others have led to the increasing demand for big data analytics in manufacturing.

This is the prime factor contributing to the growth of manufacturing analytics market globally. Additionally, growing demand to optimize business process and make them more agile and scalable is further encouraging the growth of manufacturing analytics software in manufacturing sector.

Complex operation and low returns on investment from manufacturing analytics tools is hindering the market growth of manufacturing analytics solutions.

Technical constraints including data breaching in cloud deployment and privacy are among other factors that negatively impact the growth of manufacturing analytics market.

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Manufacturing Analytics Market: Regional Overview

Regionally, manufacturing analytics market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa

North America and Western Europe regions are expected to contribute majorly to the revenue of global manufacturing analytics market. Asia Pacific excluding Japan and Japan are expected to have the maximum growth opportunities in the forecast period from 2017 to 2027.

Manufacturing Analytics Market: Competition Landscape

Few prominent players in the manufacturing analytics market include:SAP SE,IBM Corporation, Wipro Limited, General Electric Company, TIBCO Software, Inc., Zensar Technologies Ltd., Sisense, Inc., Oracle Corporation and Gemini Software solutions Pvt. Ltd.

Recent contracts/deals in Manufacturing Analytics Market

In March 2015, Caterpillar Inc. signed an agreement with Uptake, which is a provider of dynamic analytics and insight platform to a wide array of industries. The two companies jointly develop end-to-end platform for predictive diagnostic to aid caterpillar customers monitor and optimize their fleets more effectively.

In November 2016, GE Aviation launched new solution after teaming up with Capgemini. The new solutions launched enables key operations allowing digital exchange in data, maintenance and configuration of data.

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Regional analysis for Manufacturing Analytics Market includes development of these systems in the following regions

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

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.

Manufacturing Analytics Market: Segmentation

Manufacturing analytics market can be segmented on the basis of solution, type of deployment, industry and regions

On the basis of solution, manufacturing analytics market can be segmented into

software
services
managed service
professional service

On the basis of type of deployment, manufacturing analytics market can be segmented into

on-premise
cloud-based

On the basis of industry, manufacturing analytics market can be segmented into

banking
financial services and insurance (BFSI)
IT and telecommunication
energy and utility
public sector manufacturing
healthcare
retail
hospitality
others

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Pest Control Services Market to Expand at a 6.2% CAGR, totaling US$ 39.8 Bn in 2031

The global pest control services market is projected to expand at a 6.2% CAGR, totaling US$ 39.8 Bn in 2031, finds ESOMAR-certified consulting firm Future Market Insights (FMI) in a recent study.

Advanced plant protection practices in well-managed farms result in higher yield gains. However, lack of awareness is limiting the adoption of such technologies in emerging economies.

Integrated pest management (IPM) is a novel approach that enables farmers to identify diseases and pests in crops to take necessary actions at the earliest. This results in long-term pest control that is less risky for farmers and the environment.

Using IPM can potentially help farmers in identifying the type of pests and diseases, the number of crops affected, and the type of solution required. The technology incorporates artificial intelligence (AI) that generates insights into accurate descriptions of pests and disease pressure in fields. It also involves a scouting process through which location-based tasks are shared with pest control service providers to make the treatment procedure more precise and efficient.

As per FMI, demand for pest control services in the U.S. is expected to remain high over the forecast period. Growth can be attributed to the presence of leading market players including Rentokill, Anticimex, and Aptive Environmental, and rapid adoption of technology-enabled pest control solutions in the country.

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Key Takeaways:

Sales of organic pest control services to grow at a 7.7% CAGR through 2031.
Based on product type, the insecticides segment is slated to expand at a 7% CAGR through 2031.
Adoption of pest control services in the residential sector to rise at 5.6% CAGR.
In terms of applications, sales of pest control services for insect control are expected to hold account for over 75% of the market share in 2031.
The U.S. is projected to hold a dominant share of more than 85% in the North America pest control services market.
Sales of pest control services in the U.K. are poised to rise at a 3.9% CAGR.
India will emerge as a lucrative pocket, accounting for more than half of the South Asia pest control services market.

Competitive Landscape

Rollins, Inc., Rentokil Initial PLC, Anticimex, Cook’s Pest Control, Inc., ABC Home & Commercial Services, Animal Pest Management Services, Inc., Lloyd Pest Control, Green Earth Pest Control, LLC, Aptive Environmental, LLC, Home Paramount Pest Control, LLC, Dodson Pest Control, Environmental Pest Service, LLC, Truly Nolen of America, Inc., Florida Pest Control & Chemical, Massey Services, Inc., Arrow Exterminators, Ecolab, Inc., Green Pest Solutions, Apex Pest Control, Inc., Hulett Environmental Services, Plunkett’s Pest Control, Senske, Inc. are some of the leading players operating in the global pest control services market.

Leading players are actively investing in strategic collaborations, mergers, and acquisitions to expand their global footprint. Apart from this, research and development activities in collaboration with biochemical research organizations to launch organic pest control solutions will assist players to gain a competitive edge in the market. For instance:

In March 2021, Provo, Utah-based Aptive Environmental expanded its services into 21 new metros across the country, including five new states. These locations cover Florida, Massachusetts, Michigan, Iowa, Missouri, Nebraska, North Carolina, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Tennessee, and Virginia.
In January 2021, Truly Nolen Pest Control, based in Tucson, Arizona, acquired Zenobi Pest Control, based in Naples, Florida to expand its distribution network.

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Pest Control Services Market by Category

By Product:

Insecticides
Rodenticides
Other Chemicals
Mechanical
Other Products

By Service Type:

Chemical Control Services
- Organic
- Synthetic
Mechanical Control Services
Other Pest Control Services

By End-User:

Residential
Commercial and Industrial
Agricultural

By Application:

Rodent Control
Insect Control
- Cockroaches
- Ants
- Bed Bugs
- Termites
- Mosquitoes
- Wasps
- Flies
- Other Insect Control
Wildlife Control
- Birds
- Fleas
Other Applications

By Region:

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

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Public Safety & Security Market Size, Share, Analysis Report to 2026

The term public safety & security we layman are bound to perceive it as deployment of police patrolling, posting guards at the city hall and courthouse. In colloquial term public safety & security refers to the welfare and protection of the general public. It is usually conceived and believed to be a government responsibility.

Most states and countries have departments for public safety & security. The primary goal of such department is prevention and protection of the public from dangers affecting safety such as crimes, revolt, political turmoil, natural and man -made catastrophic.

In most of the cases public safety & security division comprises of individuals from other organizations including police, emergency medical services, fire force etc.

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But gradually the term public safety & security has evolved, apart from the conventional security and safety measures the term has widened and now with help of science and technology public safety & security includes state of the art technology, IT systems and software etc.

With rise in safety thwarting issues, people are moving towards adopting safety and security measures and considering this trend it can be anticipated that market will exhibit a healthy CAGR over the forecast period.

Public safety & security Market: Drivers and Restraints

If we observe the recent commotion across globe from Aleppo to U.S. campus shootings, it is evident that public safety & security is a grim issue which need to be taken up with utmost issues. Public safety & security issues are not only limited to land even cybercrimes are on rise with leaps and bounds.

Social media monitoring, installation of thermal sensor cameras, deployment of cameras on traffic signals and in critical zones for live monitoring, up-gradation of security systems in banks and ATMs, installation of digital RFID door lock system are few of those equipment and technology through which public safety & security has been improved.

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And constant innovations and research activities are on rise which can contribute towards public safety & security.

According to a recent article by Homeland Security of U.S. it is about to spend approximately around US$ 81 Bn by 2021 in public safety & security.

Aforementioned factors have equal potential to individually drive the public safety & security market.

Public safety & security is a responsibility which one can’t shed off and over the time it has multiplied in every aspect.

This sole reason substantiate the reason that there is least of any restraint for the growth of public safety & security market unless human being stop existing on this planet.

Public safety & security Market: Regional Outlook

Geographically, the Public safety & security market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

North America is the market leader in terms of value in the public safety & security market management owing to the strong economy and capability and consciousness to improve public safety & security.

Followed by Western Europe and Eastern Europe which has similar trend alike North America. In APEJ region countries like India, China are too not lagging in public safety & security market.

Initiatives and plans are being introduced and executed for improving public safety & security.

In MEA region, public safety & security has been growing constantly due to rise in spending in improving city life and understanding importance of public safety & security.

Latin America is in nascent stage in public safety & security market. But government has been introducing plans and adopting measures for public safety & security.

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Public safety & security: Key Players

The key players in the Public safety & security market are

Cisco
Motorola Solutions, Inc
Hexagon AB
Paessler AG
NORTHROP GRUMMAN CORPORATION

Public safety & security Market: Segmentation

The Public safety & security market is segmented as follows:

Public safety & security Market, by solution

Critical Communication Network
Biometric Security and Authentication System
Surveillance System
Scanning and Screening System
Emergency and Disaster Management
Cyber Security
Public Address and General Alarm
Backup and Recovery System

Public safety & security Market, by end user

Homeland Security
Emergency Services
Industrial
Others

Public safety & security Market, by services

Professional Services
Managed Services

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IO-Link technology Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

The global IO-link technology market size is expected to reach US$ 48.3 Billion in 2022 and US$ 73.1 Billion in 2032. It is likely to showcase steady growth at a CAGR of 26% in the forecast period from 2022 to 2032. The increasing investment by governments of various countries to accelerate the adoption of industrial automation is set to propel the sales of IO-link technology in future.

IO-link technology is a point-to-point, short distance, digital industrial communications networking standard. It helps industrial manufacturers to conduct remote monitoring and configuration, establish standardized communication between actuators and sensors, improve diagnostics, and increase data availability.

The technology delivers a unique platform to allow for the usage and development of actuators and sensors that can further consume and produce cutting-edge sets of data. The generated data can be utilized to economically optimize industrial automated operations and processes.

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Many prominent technology developers are nowadays focusing more on the development of new solutions to cater to the surging demand from customers across the globe.

In March 2022, for instance, Pepperl+Fuchs developed a novel path for smooth communication by combining the IO-Link sensor interface and the standardized OPC UA communication standard in a single device. The development of similar other innovative solutions by key players in the market is expected to fuel the growth.

Which are Some Prominent Drivers Spearheading IO-Link Technology Market Growth ?

The rising adoption of IO-link technology in multiple industries, such as machine manufacturing, automotive, medical devices, packaging, semiconductor & electronics, and aerospace & defense is set to drive the market. These industries are following strict norms associated with their manufacturing operations and are aiming to lower their operational costs.

These norms are expected to propel the adoption of IoT and industrial automation technologies to enhance their business operations. These industries are also set to focus on meeting the surging demand from customers by improving the operational efficiency of machines. The ability of this technology to reduce the downtime of machines, speed up commissioning times, and lower manufacturing costs is anticipated to augment the IO-link technology market growth.

What are the Challenges Faced by the IO-Link Technology Industry ?

IO-link technology is vulnerable to numerous threats, such as Denial-of-Service (DoS), Cross-site Request Forgery (CSRF), blind command injection, and reflected Cross-site Scripting (XSS) issues. Some of the other risks related to this technology include database injection, watering holes, and spear phishing.

These cyber risks can hamper Industrial Automation and Control Systems (IACS). In case of a phishing assault, a digital criminal steals confidential data from various devices by deceiving users into sharing the security key for a specific application. These factors may obstruct the demand for IO-link technology in the assessment period.

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Why is Europe emerging as an Opportunistic IO-Link Technology Market ?

Europe is expected to remain at the forefront by procuring the largest IO-link technology market share in the upcoming years. The presence of a large number of companies in the industrial manufacturing, aerospace & defense, and automotive industries in the U.K. and Germany is set to contribute to this growth.

The surging demand for industrial automation and IoT-connected devices in the manufacturing sector, especially in France and the U.K. is another crucial factor that is projected to augur well for the regional market. Besides, the European Union is expected to take numerous initiatives to digitize the region’s industries and set up smart factories. This factor is also set to positively affect the growth in the Europe market.

How is North America Contributing to Growth of the IO-Link Technology Market ?

The presence of a well-established packaging sector in the U.S. and Canada is projected to bolster the North America IO-link technology market growth in the future years. The sector uses automation solutions to initiate multiple packaging processes, such as product shipment, storage, handling, and sorting.

IO-link technology also helps in optimizing the packaging process by setting up bidirectional communication between automation systems and sensors. This technology provides various features, such as rapid returns on investment, safe commissioning, reliable packaging processes, improved remote diagnosis, and easy availability of the final packaging machines. These beneficial properties of IO-link technology are expected to propel its demand across North America.

Market Competition

Some of the renowned companies operating in the IO-link technology market include Hans TURCK GmbH Co. KG, SICK AG, Rockwell Automation, Inc., Banner Engineering, OMRON Corporation, Balluff GmbH, Pepperl+Fuchs, Leuze Electronic GmbH + Co. KG, ifm electronic FZC, Siemens AG, Festo AG & Co. KG, and Datalogic S.p.A. among others.

Majority of the leading companies are aiming to develop more secure, cost-effective, and technologically advanced solutions to attract a large consumer base worldwide. Meanwhile, a few other key players are engaging in mergers and acquisitions, partnerships, and joint ventures with start-up companies to co-develop novel products and expand their existing product portfolios.

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Key Segments Profiled in the IO-Link Technology Industry Survey

By Component:

I/O-Link Masters
I/O-Link Devices

By Use:

Machine Tools
Handling Assembly Automation
Intralogistics
Packaging

By Application:

Semiconductor and Electronics
Medical
Automotive
Other Applications

By Region:

North America
Latin America
Western Europe
Easter Europe
APEJ
Japan
Middle East & Africa

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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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Modular Self-Contained Aisle and Racking Systems Market Forecast Report to 2026

Modular self-contained aisle and racking system is all in one solution for a company to manage its respective operations. Growing complexion in data storage servers and inventory system is a crucial issue that can be minimized by modular self-contained aisle and racking system.

Modular self-contained aisle and racking system is used in food and beverage industry, IT industry, agricultural industry, import export industry, retail industry, manufacturing industries and others including pharmaceutical industry.

Modular self-contained aisle and racking system market is growing and is also anticipated to grow at a significant rate worldwide in terms of value.

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Modular Self-Contained Aisle and Racking Systems Market Segmentation

On the basis of application, global modular self-contained aisle and racking system market is segmented into supermarket and hypermarket, import export facilities, 3rd party logistics centre, agricultural, food manufacturing industries, online retail industry, petroleum, chemical and paint industry, Information technology (IT) industry and others includes dairy facilities grocery storage.

Supermarket and hypermarket use modular self-contained aisle and racking system to manage its inventories in a proper way. Online retailers generally do not keep all its products offerings, however, many online retailers have their own inventory system with proper modular self-contained aisle and racking system management.

Medium and large size information technology (IT) also use modular self-contained aisle and racking system to maintain systems including servers and other database.

On the basis of size of modular self-contained aisle and racking system, the market is segmented into large, medium and small. Large online retailers and IT companies uses large modular self-contained aisle and racking system for maintaining inventories and servers respectively.

Supermarket and hypermarket generally use medium size modular self-contained aisle and racking system.

On the basis of functionality, modular self-contained aisle and racking system market is segmented into hot modular self-contained aisle and racking system and cold modular self-contained aisle and racking system.

For instance, IT industry requires cold modular self-contained aisle and racking system in order to keep cool its systems including servers.

Geographically, global modular self-contained aisle and racking system market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan. North America and Western Europe holds significant market share in the global modular self-contained aisle and racking system in terms of revenue.

Asia Pacific and Latin America market for modular self-contained aisle and racking system are highest growing market in terms of revenue.

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Modular Self-Contained Aisle and Racking Systems Market Dynamics

Modular self-contained aisle and racking system market is driven by the industrial and infrastructural development of IT industry, agriculture industry, retail industry and others.

Modular self-contained aisle and racking system market is also driven by Modular self-contained aisle and racking systems’ benefits.

For instance, modular self-contained aisle and racking system offers more space than the traditional racking systems, also it has no waste vertical space. In modular self-contained aisle and racking system products can be stored regardless of shape.

However, there is some cost associated with the purchase and maintenance of modular self-contained aisle and racking system.

Modular Self-Contained Aisle and Racking Systems Market Key Players

Some key players in the modular self-contained aisle and racking system market are Contag GmbH, Emerson Electric Co., Direct Net, Inc. and others.

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Regional analysis for Modular Self-Contained Aisle and Racking Systems Market includes

North America
- US & Canada
Latin America
- Brazil, Argentina & Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other 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.

High Performance Computing Market Size & Share analysis Report to 2031

The High Performance Computing (HPC) systems market would grow by more than 6.1% CAGR. HPC systems provides faster product development cycles, improved analytics, and facilitates the simulating, modeling, and analyzes the data which demands a computing infrastructure.

HPC solutions helps organizations to find solutions to data analysis problems and complex engineering and also overcome the supercomputing barriers.

According to latest research, HPC Systems market is set to witness significant growth during 2021-2031.

The market will show significant growth in coming years, owing to increasing government regulations in BFSI industry and increasing demand for high-frequency transactions.

Moreover, high OPEX and Capital Expenditure (CAPEX) involved with HPC system is expected to restraints the growth of the HPC systems market.

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What is Driving Demand for HPC Systems Market?

Increasing government regulations and demand for high-frequency transactions in BFSI industry augments the demand for the HPC systems market. HPC systems are able to process large amount of data with accuracy and speed which fuels the demand for the HPC systems market.

Many of industry verticals like finance, research, medical, government, seismic exploration, and defense faces issues such as slow and inefficient data processing.

HPC systems enables faster processing of data along with high accuracy. Thus rising adoption of HPC systems by many industries propels the demand for the HPC systems market.

Rising Adoption of HPC Systems in Healthcare Industry is Driving the Adoption of HPC Systems Market

The increasing adoption of HPC systems in healthcare industry is expected to propel the demand for the HPC systems market in coming years. It used in medical applications such as Magnetic Resonance Imaging (MRI) scanning and Computed Tomography (CT) requires accurate and helps to get quick results to process the complex algorithms.

HPC systems reduces computing time and process the MRI and CT data quickly with more accuracy. HPC systems in life sciences and healthcare is been used for data management, simulation, next generation sequencing, modeling, and many more applications. This is expected to boosts the demand for the HPC systems market.

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North America HPC Systems Market Outlook

North America is anticipated to constitute a highest growth in the HPC systems market over the forecasted period.

The North America shows significant growth in HPC systems market owing to factors such as presence of well-established suppliers, end-user industries which adapts advanced technologies to improve work efficiency and productivity of business, and presence of large telecom giants.

North America has massive presence of HPC systems providers such as Boeing, Intel, and IBM. Presence of such key HPC Systems providers duels the demand for the HPC Systems market in North America region.

Presence of such key players in the market helps in development and implementation of new advanced technologies. Thus it is expected to propel the demand for the HPC systems market in North America region.

Europe Demand Outlook for HPC Systems Market

Europe is the second largest contributor to HPC systems market, owing to technological advancements in the industries such as healthcare, BFSI, defence, and many more. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.

HPC systems helps to analyze and manage the data in rapid manner and in efficient way.

HPC systems used in discoveries and research of healthcare, BFSI sector is expected to augment the demand for the HPC systems market in Europe region.

The stringent government regulations about healthcare industry in major economies such as France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the HPC systems market.

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Who are the Major Vendors of HPC Systems Market?

Advanced Micro Devices Inc.
Hewlett Packard Enterprise
Intel Corporation
IBM
NEC Corporation
Sugon Information Industry Co. Ltd
Fujistu Ltd
Microsoft Corporation
Dell Technologies Inc.
Dassault Systemes SE
Lenovo Group Ltd
Amazon Web Series
NVIDIA Corporation among others.

These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for HPC Systems market.

Furthermore, many companies are focusing on introducing new product to enhance their product offering.

For instance, In June 2021, Advanced Micro Devices, Inc. launched EPYC processors and AMD Instinct accelerators across the High Performance Computing (HPC) systems. AMD EPYC processors power nearly 5x more systems compared to previous processor.

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.

Key Segments

By Components:

Solutions
- Servers
- Storage
- Networking Devices
- Software
Services
- Design and Consulting
- Integration and Deployment
- Support and Maintenance, and Management
By deployment type
- Cloud
- On-premises
Organization size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Server price band
- USD 250,000 to 500,000 and Above
- USD 250,000 to 100,000 and Below
Application Areas
- Government and Defense
- BFSI
- Education and Research
- Manufacturing
- Media and entertainment
- Healthcare and Life Sciences
- Energy and Utilities
- Earth Sciences
- Others

By Region:

North America
- US
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Russia
- Rest of Europe
East Asia
- China
- Japan
- South Korea
South Asia & Pacific
- India
- Malaysia
- Indonesia
- Singapore
- Australia & New Zealand
- Rest of South Asia & Pacific
Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of Middle East & Africa

Pharmacovigilance Market 2022 Size, Growth Analysis Report, Forecast to 2032 | Accenture Plc., Clinquest Group B.V., Cognizant Technology Solutions

Pharmacovigilance Market Overview:

Future Market Insights (FMI) delivers key insights on the global pharmacovigilance market in its upcoming outlook titled “Pharmacovigilance Market: Global Industry Analysis and Opportunity Assessment, 2021 – 2031”. In terms of revenue, the global pharmacovigilance market is estimated to expand at a healthy CAGR of 14% through 2031. The market is segmented based on phase of drug development, type of reporting methods and type of service providers.

Based on phase of drug development, the market has been segmented into preclinical studies, phase I clinical trial, phase II clinical trial, phase III clinical trial and phase IV clinical trial or post-marketing surveillance.

Based on type of reporting methods, the market has been segmented into spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring and EHR mining.

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On the basis of service providers, the market has been segmented into in-house and contract outsourcing. As the number of chemical entities has been growing in the global pharmaceuticals market, pharmacovigilance is increasingly become a mandate for drug manufacturers. Considering the change in regulations, phase III and phase IV studies are being increasingly conducted to monitor the long-term safety outcomes of pharmaceuticals and biological products. Implementation of active pharmacovigilance activities assists in the execution of long-term plans, such as in bringing improvement in patient outcome and minimisation of health care associated costs, particularly related to Adverse Drug Reactions (ADRs), and in the prevention of drug hazards.

To provide deeper insights into the pharmacovigilance market, the report has also been segmented by phase of drug development, type of reporting method and type of service provider.

By phase of drug development, the clinical trial phase III segment is projected to expand at a CAGR of 15.5% in the global pharmacovigilance market by phase of drug development by 2031 end in terms of value. Evaluation of real-time effectiveness of the drug and availability of a facility to conduct trials in state-of-the-art settings, thus complementing the outcomes of premarketing randomized control trials, are the prime benefits availed from pharmacovigilance in phase IV trials. It has also been reported that approximately 57% of the global pharmaceutical companies outsource post marketing operations to CROs in order to avoid the high operational cost associated with technological infrastructure and hiring skilled staff.

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The primary barriers in the market include high risk associated with securing data in case of pharmacovigilance outsourcing and lack of availability of skilled workforce specializing in drug monitoring.

The primary trend in the pharmacovigilance market is an increase in dependence on third party services. Other trends include harnessing shorter turnaround times for faster market capitalization and requirement of highly skilled personnel for monitoring side effects.

Competition Analysis:

Some of the key players identified in the global pharmacovigilance market report include: Accenture plc, Bristol-Myers Squibb, Clinquest Group B.V., Cognizant Technology Solutions, Covance, Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc (GSK), ICON plc, iGATE Corporation, iMEDGlobal Corporation, inVentiv Health, Inc., Novartis International AG, PAREXEL International Corporation, Pfizer, Inc., Pharmaceutical Product Development, LLC. (PPD), PRA Health Sciences, Inc., Quintiles Transnational Holdings, Inc., Sanofi S.A., Synowledge LLC and Wipro Limited. These companies specialise in pharmacovigilance services, and focus on market consolidation initiatives and analyses of their specific strengths, weaknesses, opportunities and threats to strengthen their position in the market.

The report has been concluded with strategic recommendations for players already present in the market and new players planning to enter the market, which could help them in the near future.

This report assesses factors driving growth of each segment of the market and presents analysis and key insights on the potential of the pharmacovigilance market as per region-specific trends. North America accounted for majority of the pharmacovigilance market revenue in 2014. However, incidences of increasing consumption of drugs and rise in cases of adverse drug reactions are expected to drive growth of the market in Asia Pacific and Latin American regions.

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Agile Application Life-Cycle Management Market Analysis by Business Developing Strategies, Growth Key Factors and Forecast to 2027

Agile application life-cycle management is gradually becoming a key to innovation, and becoming a norm to drive dynamic, modern software delivery solution. This transition is happening as large vendors are offering options for smarter products and internet of things.

Agile application life-cycle management is essentially beneficial for organizations that need to provide speedy delivery of solutions and need to provide continuous release of builds during the entire life-cycle of any product or software solution.

One added benefit of agile application life-cycle management is that it is built on an open framework/architecture, hence it has the flexibility of adding more functions during the entire development lifecycle.

In addition to this, agile application life-cycle management is receptive to change and can create correlations between organizations, people and development strategies.

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Agile Application Life-Cycle Management Market: Drivers and Challenges

One of the major driving factors of agile application life-cycle management is the increasing levels of globalizations of industries, which makes it essential for every organization to have a strong life cycle management solution in place.

Also, due to rising demands of customer and continuous up gradation of technologies, clients usually demand for customization of product/ solution in between development lifecycle.

Hence, adoption of agile application life-cycle management by companies is on the rise as the companies making use of this technology are able to offer interim builds to their client and also update the features as and when required.

Agile Application Life-Cycle Management Market: Recent Contracts/Deals and Acquisitions

Few of the companies in Agile Application Life-Cycle Management market are: Hewlett-Packard Development Company, L.P., Electric Cloud, Inc., IBM Corporation, Changepoint Corporation, Atlassian Corporation, CA Technologies, Inc., Microsoft Corporation, and VersionOne, Inc. These companies are continually in the process of updating their offerings and service portfolio.

Agile Application Life-Cycle Management Market: Regional Overview

Agile Application Life-Cycle Management market is currently dominated by North America region owing to technological advancements and level of automation in the region; especially by US and Canada.

Europe agile application life-cycle management market follows next as various industry verticals such as transportation and automation industry are realizing the importance of this technology over conventional product lifecycle management.

APEJ region is fast picking up pace in the agile application life-cycle management market owing to increase in demand of agile process over conventional life-cycle management.

The report covers exhaustive analysis on

Agile Application Life-Cycle Management Market Segments

Agile Application Life-Cycle Management Market Dynamics
Historical Actual Market Size, 2013 – 2015
Agile Application Life-Cycle Management Market Size & Forecast 2017 to 2027
Value Chain
Agile Application Life-Cycle Management Market Current Trends/Issues/Challenges
Competition & Companies involved
Agile Application Life-Cycle Management Market Drivers and Restraints

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Regional analysis for Agile Application Life-Cycle Management Market includes development of these systems in the following regions

North America
Latin America
Europe
Asia Pacific
Japan
Middle East and Africa

Agile Application Life-Cycle Management Market: Segmentation

Segmentation on the basis of component:

Software
On-premises
Cloud based
Services

Segmentation on the basis of services:

Consulting
Professional
Operations
Maintenance

Segmentation on the basis of end-user:

BFSI
IT and Telecommunications
Healthcare
Retail
Energy and Utilities
Transportation
Others

Southeast Asia Pet Care Market Information, Figures and Analytical Insights | FMI

Natural and organic ingredients in pet care products provide health benefits that pet owners are aware of. The demand for organic and natural formulations has benefited from this. Pet owners prefer goods that are devoid of artificial colours and preservatives and provide a well-balanced nutritional profile for their animals.The growing awareness of the substances used in pet food has made pet owners more cautious when choosing food for their pets.

According to the Association for Pet Obesity Prevention, 55 percent of dogs and cats in the United States are fat. This creates a great potential for producers to use high-quality ingredients and diet research to launch value-added products in response to rising customer demand for premium goods.

Product launches with value-added quality ingredients supports the demand for pet care products contributing to long term growth prospects. Taking advantage of this prevailing trend, companies in the market are expanding their offerings to include natural and organic options.

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For instance, the Kroger Co. offers natural food products for pets with proteins and essential nutrients. Besides, GMO (genetically organism free) food products are also available for pets in the market.

The rise in the number of pet owners and the growing awareness of veterinary health and investments into animal health organizations are swiftly boosting the prospects of manufacturers through the upcoming decade.

Key Takeaways from the Pet Care Market Study

Pet food is expected to hold a noteworthy revenue share of over 65% of all product sales. The growth is attributed to the demand for premium, natural, and organic ingredients.
Pet care for dogs is expected to contribute revenue share of 35.1% in 2021. The role of dogs as companions and the resulting humanization drives associated sales.
The U.S. leads the North America market accounting for 90% value share by 2031 owing to higher purchasing power.
The U.K. accounts for more than 25% of the Europe market with concerns over pet health and investments into product innovation.
China and South Korea are considered high growth markets for pet care in East Asia, reflecting a CAGR of over 14% with the penetration of key players with premium products.

“Growing acceptance of technologically advanced automated pet care products, and increasing expenditure driven by trends of pet humanization will influence the revenue generation opportunities in the pet care market through 2031,” says an FMI analyst.

Impact of COVID-19 on the Market

The outbreak of the novel coronavirus has resulted in an economic downswing owing to disruptions in business operations in various verticals. The retail industry is one of the hardest hit sectors in this crisis. Reduction in the overall discretionary spending, is a temporary challenge for the players.

Many daycare centers and pet hotels were made temporarily non-operational, which has further caused a temporary decrease in the overall revenue of the pet care market. In light of this situation, players are now focused on improving online penetration, as this provides an opportunity to access a wider consumer base at once within minimum costs.

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Who is Winning?

Major players present in the pet care market are focusing on aggressive promotional strategies, advertisements, and new product launches have driven sales growth of pet care products and services globally.

Some of the leading players in the industry are Procter & Gamble Co., JM Smucker Co, Nestlé Purina Pet Care Co, Monge & C. Spa, Hill’s Pet Nutrition SNC, Royal Canin SAS, Affinity Petcare France SA, Champion Pet Foods LP, Cargill, C & D Foods, Aller Petfood, Bob Martin, Blue Buffalo Co. Ltd., Cambrian Pet Foods Ltd., Crosswind Industries Inc., and Crown Pet Foods Ltd., among others.

Get Valuable Insights into Pet Care Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet care market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the pet care market based on the service (product{ pet food, pet healthcare, fashion, toys, and accessories}, professional service {day care, grooming boarding, pet breeding and training} value added services {insurance, veterinary care, pharmacy, adoption and charity, crisis relief service}) pet type (dogs, cats, birds, fish and reptiles, small pets, and horses & other livestock), service channel (modern trade, convenience stores, care services centres, veterinary clinics, online retailers, support care centres and pet specialty stores across seven major regions.

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Flight Line Testing Equipment Market Development Status, Competition Analysis, Type and Application 2028

Flight line testing equipment for military and commercial aircraft is becoming more compact, powerful and lighter. Reliable and functional tests on military and commercial aircraft transponders, Traffic Collision Avoidance Systems (TCAS), and Tactical Air Navigation Systems (TACAN) can be carried out using such flight line testing equipment.

The flight line testing equipment is incorporated to accumulate data before, during and after a flight. The data gathered by flight line testing equipment is analyzed in order to deduce the aero-dynamic flight aspects that help validate the design and safety properties.

Flight line testing equipment enable the accomplishment of two primary tasks – verifying the aircraft capabilities for government certification and customer acceptance, and locating and fixing design problems in an aircraft. Flight line testing equipment can be used to test a single new system in an existing aircraft, or to finalize the development and certification of a new aircraft.

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Flight Line Testing Equipment: Market Dynamics

The ever-increasing adoption of aircrafts for the military and commercial sectors is expected to drive the global flight line testing equipment market. The rising integration of complex electronic systems into military and commercial aircrafts demands efficient inspection of such systems for the purpose of safety and security of the passengers.

Sudden malfunction of such complex electronic systems may result in heavy casualties and fatalities. This factor is anticipated to propel the growth of the global flight line testing equipment market during the forecast period. The aviation industry can incur heavy expenses due to technical malfunctions.

Governments and aircraft manufacturers are motivated to procure efficient flight line testing equipment in order to avoid such expenses. This factor is also estimated to drive the global flight line testing equipment market during the forecast period.

Flight Line Testing Equipment: Regional Market Outlook

The flight line testing equipment market in the Middle East and Africa region is estimated to register the highest growth rate in the global flight line testing equipment market during the forecast period. This growth may be attributed to the heavy funding assigned by the national governments to their air force.

Flight line testing equipment market in Latin America is also expected to register a significant adoption rate during the forecast period. Currently, the flight line testing equipment market in North America hold the largest market share of the global flight line testing equipment market.

High adoption rate of efficient and automated inspection equipment in the commercial and military sectors drives the North American flight line testing equipment market. High presence of flight line testing equipment providers in North America, especially the United States, is another factor driving the flight line testing equipment market in the region.

The market is Western Europe holds the second largest market share of the global flight line testing equipment market, followed by the SEA and others of APAC market.

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Flight Line Testing Equipment: Key Market Players

The key players in the global flight line testing equipment market include Textron Systems; Marvin Test Solutions, Inc.; BAE Systems; and Frontier Electronic Systems Corp, among other fight line testing equipment market players.

The report covers exhaustive analysis on

Global Flight Line Testing Equipment Market Segments
Global Flight Line Testing Equipment Market Dynamics
Historical Actual Market Size, 2013–2017
Global Flight Line Testing Equipment Market Size & Forecast, 2018 to 2028
Supply & Demand Value Chain for the Market
Global Market Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Flight Line Testing Equipment Market Solutions Technology
Flight Line Testing Equipment Value Chain of the Market
Global Flight Line Testing Equipment Market Drivers and Restraints

Regional Analysis for the Global Flight Line Testing Equipment market includes

North America Market
Latin America Market
Western Europe Market
Eastern Europe Market
SEA & Others of APAC Market
Japan Market
China Market
Middle East and Africa Market

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Flight Line Testing Equipment: Market Segmentation

By aircraft type, the global flight line testing equipment market is segmented into,

Civil Aircraft
Military Aircraft

In the case of military aircrafts, the national government contracts with aircraft manufacturers to build and test aircrafts that meet the particular military mission capabilities. Specialized flight line testing equipment for the air force is utilized in such cases.

For commercial and civil aircrafts, flight line testing equipment is incorporated in order to certify the applicable performance of aircrafts and ensure the safety of passengers and goods.

By service, the global flight line testing equipment market is segmented into,