Market Research Blog – Page 11339 – New Product Development

Non-Agriculture Smart Irrigation Controllers Market Development by Companies Outlook, Growth Prospects & Key Opportunities by 2031| Says FMI Analyst

As per the non-agriculture smart irrigation controllers’ industry examination by Future Market Insights (FMI), the interest enrolled in the market will increment at a CAGR of 12.8% from 2021-2031.

The report likewise estimates that the market will outperform a valuation of ~US$ 287.6 Mn toward the finish of 2021. Non-agriculture smart irrigation controllers can be checked and overseen from far off area by means of gadgets, for example, smartphones, PCs or through smart collaborators sent in a family. Thus, use of these smart irrigation controllers is expanding in private area.

Interest for non-agriculture smart irrigation controllers market is expanding because of cost-viability and limited water squander. These controllers additionally offers better long haul scene wellbeing, web of things (IoT)- based biological system for smart irrigation, and smart warnings if there should arise an occurrence of irregularities.

Further, better capacity and benefits of non-agriculture smart irrigation regulator items over customary controllers are is establishing helpful climate for the interest in the market.

These smart irrigation controllers additionally give better item plan and advancement, customization administration, rebuilding of the inventory network for higher productivity. This is supposed to offer gradual learning experiences for the central members.

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Governments initiatives for supporting water conservation is increasing the adoption of smart irrigation systems. Also, factors such as the need for efficient irrigation systems, development of smart cities, and reduced cost of sensors and controllers used in smart irrigation systems are expected to propel the demand for smart irrigation products.

Key Takeaways

By type, the standalone irrigation controllers segment is anticipated to account for the leading share in the global demand for non-agriculture smart irrigation controllers market during the forecast period.
The smart irrigation sprinkler controllers segment is estimated to grow at a robust CAGR of 15.4% through 2031.
By application, the adoption of non-agriculture smart irrigation controllers in industrial segment is anticipated to increase at a CAGR of 13.9% between 2021 & 2031.
India is expected to witness growth at a CAGR of around 22.0% through 2031.
In Japan, sales are expected to increase at a CAGR of ~17.3% over the next ten years.

Innovation in Communication Methods to Have a Positive Impact on Market

Connected technologies are becoming an integral part of smart deployments, and manufacturers are increasingly trying to integrate smartphone control functionality into their systems.

Most of the smart home-based irrigation controllers are integrating functionalities that can enable them to communicate through smart home systems via voice, using smart assistant devices such as Amazon Alexa.

For instance, in March, 2018, Rain Bird launched Alexa-enabled controllers. Users are able to control their irrigation systems using the voice-activated personal assistant

There is continuous advancement in communication technologies which is creating potential opportunities for the non-agriculture smart irrigation controller market. It helps growers or residential users to access their irrigation systems remotely.

Advanced wireless sensors offer convenience, mobility, etc. and radio frequency technology in irrigation systems provides connectivity with wireless signal communication systems. These aforementioned factors are expected to provide an impetus to the demand in the market.

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More Valuable Insights on Non-Agriculture Smart Irrigation Controllers Market

Future Market Insight’s report on the non-agriculture smart irrigation controllers industry research is segmented into three major sections – type (plug-in irrigation controllers, standalone irrigation controllers, smart irrigation sprinkler controllers), application (industrial, commercial, residential), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the non-agriculture smart irrigation controllers demand outlook.

Non-Agriculture Smart Irrigation Controllers Industry Outlook by Category

By Type:

Plug-in Irrigation Controllers
Standalone Irrigation Controllers
Smart Irrigation Sprinkler Controllers

By Application:

Industrial
Commercial
Residential

By Region:

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

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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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Service Bureau Market Development by Companies Outlook, Growth Prospects & Key Opportunities by 2027 | Says FMI Analyst

Future Market Insights offers an in-depth forecast of the global service bureau market in a new publication titled ‘Service Bureau Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017-2027).’ Through this publication, Future Market Insights presents a comprehensive analysis of the global service bureau market for a 10 year assessment period from 2017 to 2027.

Future Market Insights forecasts income from the global service bureau market to increase from US$ 50,690.6 Mn in 2017 to US$ 97,042.4 Mn by 2027 end, representing a CAGR of 6.7% in terms of value from 2017 to 2027. This increasing revenue growth can be attributed to the continuous launch of unique services in the global market.

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North America to lead the global service bureau market in terms of value share

Of all the regional service bureau markets, North America is anticipated to be the largest, with an estimated market revenue to the tune of about US$ 33 Bn by the end of the forecast period in 2027. The North America service bureau market is estimated to witness a CAGR of 8.0% in terms of value during the forecast period. An increasing digitalisation of documents across North America is the main factor driving regional market revenue growth.

Western Europe is the second largest market with market revenue projected at around US$ 16 Bn by the end of 2027. The APEJ service bureau market stands at third place with an estimated revenue of about US$ 13 Bn by 2027 end. APEJ is a major market for service bureaus owing to the rapid adoption of such solutions for business automation processes across the region.

Differentiating Strategies of Key Players

New innovations in products is expected to remain as the main strategy for key players in this market to increase their sales growth
Long-term contracts with business partners helps increase business revenue and new innovation strategy enabling service bureau solution vendors to reach new potential customers in emerging markets

Future Market Insights Recommendations

Evaluation of managed service concepts is helping users focus on their business rather than focussing on document storage and safety
Increasing service bureau concept in various developing countries is creating opportunities for scanning and printing hardware providers for maintaining an effective value chain
Service bureaus can focus on expanding their businesses across countries such as India and Australia, where the governments are offering investment opportunities and where setting up business is less costly
Service bureau services are expected to witness substantially high demand due to the presence of large corporations that are working to gain opportunities to enter in the competitive market

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Global Service Bureau Market: Segmentation & Forecast

The global service bureau market is segmented on the basis of Services into Document Scanning, Photocopying, Others (Printing & Fax); on the basis of End User into Government, Education, BFSI, Healthcare, Law Firms, Others (Retail & Telecommunication); and on the basis of Region into North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA.

By Services, the Document Scanning segment is expected to dominate the global service bureau market over the forecast period, estimated to be valued at about US$ 19 Bn by the end of 2017.
On the basis of End User, the Government segment is projected to be the most attractive in the global service bureau market during the forecast period, registering a CAGR of 5.6% during the forecast period. The BFSI segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a CAGR of 6% in terms of value during the forecast period.
Among the Regional markets, North America is expected to dominate the global service bureau market, with an estimated market revenue to the tune of about US$ 15 Bn by the end of 2017. The market in North America is anticipated to exhibit high market attractiveness index over the forecast period.

Global Service Bureau Market: Vendor Landscape

The report features company profiles of some of the key players operating in the global service bureau market such as :

Iron Mountain Incorporated
Hyland Software
Rhenus Office Systems GmbH
Kofax
OSG Record Management

Market Taxonomy

By Services:

Document Scanning
Photocopying
Others (Printing & Fax)

By End User:

Government
Education
BFSI
Healthcare
Law Firms
Others (Retail & Telecommunication)

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Table of Content

Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Recommendations

Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Market view

Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Key Regulations

3.4. Value Chain

Global Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Market Size and Y-o-Y Growth

4.2. BPS Analysis & Absolute $ Opportunity

To Continue TOC…

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Electronic Trial Master File (eTMF) Market Report: Overview With Geographical Segmentation & Revenue With Forecast by 2027

According to the research report on global electronic trial master file (eTMF) market, it is expected to show exponential growth during the period of forecast, 2017-2027. The global market had witnessed high growth since the period 2012-2016 and this trend is likely to enhance in the coming years, till 2027. The global electronic trial master file (eTMF) market is estimated to reach a value more than US$ 190 Mn by the end of the assessment year from an estimate of US$ 51.7 Mn in 2017.

Future Market Insights has analysed numerous aspects of the electronic trial master file (eTMF) market and has included actionable insights in a systematic manner in its new research publication titled “Electronic Trial Master File (eTMF) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The extensive research study on eTMF market portrays various facets of the global market such as trends, opportunities, value chain analysis, competitive landscape, drivers, restraints and regional research along with key recommendations that can be viewed by the reader to achieve his/her strategic objectives in the long run.

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The research study also covers future market projections with respect to value for a period of ten years starting from 2017 till 2027. The comprehensive analysis of each segment and sub-segment of the global market portrays a real-time picture of the global market scenario.

Global Electronic Trial Master File (eTMF) Market: Segmental Highlights

In this research study, global electronic trial master file (eTMF) market is segmented by component, by deployment, by end user, by functionality and by region.

By component, software segment is expected to lead the market in terms of value and is estimated to reach US$ 130.7 Mn by the end of the assessment year. The services segment in this category is projected to grow at the highest pace during 2017-2027
By deployment, the cloud segment is highly lucrative and is adopted on a large scale. It is projected to grow at the fastest CAGR of 16.4% throughout the forecast period and is estimated to reach a noteworthy valuation by the end of the assessment year
By end user, the Contract Research Organization (CRO) segment is anticipated to grow at a higher pace in the coming years to register a CAGR of 15.6% during the period of assessment
By functionality, clinical operations segment is poised to dominate the market in terms of value and is estimated to reach a higher valuation of about US$ 970 Mn by the end of the assessment period. The auditing segment is projected to grow at a faster pace than other segments in the coming years
By region, Asia Pacific excluding Japan (APEJ) is expected to show higher growth pace in the eTMF market whereas North America is likely to lead the market with a value a bit less than US$ 130 Mn by 2027 end

Asia Pacific excluding Japan to show high potential for growth in the electronic trial master file market

Several key players are focusing on the Asia Pacific excluding Japan (APEJ) region in order to tap the emerging economies in this region. The main advantage of this region is its high potential for growth as compared to matured economies. Several end use industries are showing interest in this region owing to which the supply side players are focusing their attention on APEJ to gain business expansion.

Electronic trial master file (eTMF) market in Asia Pacific excluding Japan (APEJ) region is expected to grow at the highest pace in the coming years to register a stellar CAGR of 17.6% and is estimated to reach a valuation of about US$ 18 Mn by the end of the period of assessment, thus becoming the third largest region in the eTMF market after Western Europe.

Global Electronic Trial Master File (eTMF) Market: Competitive Scenario

The research study includes a dedicated chapter on competitive scenario which deals with various key players involved in the eTMF market. Analysis on aspects such as SWOT analysis, geographical reach, strategies, product portfolio, expansion plans, mergers and acquisitions, key developments, distribution channel analysis etc., of the key players have been covered in this study. Companies like Veeva Systems, Medidata Solutions, Inc.,MasterControl, Inc.,Data Reduction Systems Corporation,Transperfect Global Inc., Aurea, Inc.,Phlexglobal Ltd., Arivis AG,Wingspan Technology Inc., and Montrium Inc.,are profiled in this section.

Market Segmentation

The research report on global electronic trial master file (eTMF) market includes weighted market segmentation that covers functionality, component, deployment mode, end user and region.

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By Component

Software
Services

By Deployment

On Premise
Cloud

By End User

Sponsors
CRO
Others

By Functionality

Clinical Operations
Records Management
Auditing
IT Operations

By Region

North America
Western Europe
Eastern Europe
APEJ
Japan
Latin America
MEA

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Service Integration and Management Market : Key Players, Applications, Outlook, SWOT Analysis & Forecast to 2027

As per Future Market Insights analysis, the global service integration and management market is estimated to reach a value of more than US$ 16.4 Bn by the end of 2027 from an estimate of a bit above US$ 6.7 Bn in 2017. It is expected to grow a high CAGR of 9.2% throughout the period of forecast, 2017-2027. The service integration and management market growth can be attributed to increasing deployment of IT and managed services.

Future Market Insights has undertaken comprehensive research on the service integration and management market and the deep dive in this sector has enabled FMI to surface new insights pertaining to the various trends, opportunities, drivers and restraints influencing the growth of the global service integration and management market Demand and also has included regional analysis, competitive scenario and future market projections in the “Service Integration and Management Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” research report.

The analysis on each segment of the global market has made the research more fact-based and analytical giving in-depth foresight into the global market for service integration and management.

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Global Service Integration and Management Market: Dynamics

Increasing expectations from users, increasing service targets, rise in multi-vendor and selective sourcing, rising supply network for delivery services, improvisation in IT performance, rising infrastructure services, increasing complexity of service management, rise in outsourcing of service integration, need for better IT delivery, rising customers and requirement changes and need for fast and seamless transition of new services have supported the growth of the global service integration and management market.

However, factors such as cultural gap, high cost of IT, challenges faced by small organizations, lack of key performance indicators, lack of proper implementation and challenges related to process and interface standards are interfering with the growth of the global service integration and management market.

Global Service Integration and Management Market: Forecast Projections

According to the fact based research report, the global service integration and management market is anticipated to grow at a meteoric growth rate to register a high CAGR of 9.2% during the period of forecast. The global service integration and management market is valued at about US$ 6.8 Bn in 2017 and is estimated to reach a valuation of more than US$ 16 Bn by the end of the assessment period.

Global Service Integration and Management Market: Segmental Highlights

The global service integration and management market is segmented by IT solutions, by enterprise type, by industry and by region.

By region, the service integration and management market in Asia Pacific excluding Japan (APEJ) region is projected to grow at the highest pace in the coming years to register a CAGR of 13.0%. North America is considered to be an attractive and the largest market. The service integration and management market in North America is poised to reflect a higher value of more than US$ 5 Bn by 2027 end and thus expected to dominate the global market
By IT solution type, the IT infrastructure management segment is the largest segment with respect to value and is poised to grow at a significant pace. The compliance and risk management segment is projected to be the fastest growing segment to register an exponential CAGR of 11.4% throughout the period of assessment
By enterprise type, the small and medium enterprise segment is expected to gain high traction in the coming years and is poised to grow at a higher rate. The large enterprises segment is the largest and is estimated to reflect a higher market value of more than US$ 8.9 Bn by the end of the assessment year

Global Service Integration and Management Market: Key Players

The analytical research report on global service integration and management market has included profiling of key players involved in service integration and management. Key companies such as Capgemini, HCL Technologies Limited, Oracle Corporation, Wipro Limited, Fujitsu Limited, Cisco Systems, Inc., Accenture PLC, ATOS SE, ServiceNow Inc., Capita PLC, Tata Consultancy Services, CGI Group Inc., Quint Group, NTT Data Corporation, DXC technology and Sofigate Oy are included in this research report.

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Market Segmentation

By IT Solutions:

IT Infrastructure Management
Network Management
Compliance & Risk Management
Others

By Enterprise Type:

Small & Medium Enterprise
Large Enterprise

By Industry:

IT & telecom
BFSI
Government
Healthcare
Oil & Gas and Energy
Others

By Region:

North America
Western Europe
Eastern Europe
APEJ
Japan
Latin America
MEA

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Digital Elevation Model Market Outlook, New Opportunity & Demand Analysis, Forecast 2022-2029

Digital Elevation Model Market is projected to register 16.9% CAGR and top a valuation of US$ 4,750.0 Mn by 2029.

The interest for Digital Elevation Model is relied upon to encounter huge development throughout the following decade, as the appropriateness keeps on taking off in ventures like military and guard. Quick development in metropolitan and foundation arranging and planning will stay the excellent variable pushing the interest for Digital Elevation Model.

Expanding need for surveillance for mineral and water assets and basic preparation of barrier developments in functional applications are setting out potential development open doors for Digital Elevation Model suppliers. The worldwide Digital Elevation Model market is relied upon to outperform the sign of US$ 1 Bn by 2019 end, further seeing a heavenly 16% CAGR through 2029.

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Item Innovation to Enhance Remote Sensing Technology

Key merchants that are working the advanced rise model stage are planning on development of items identified with remote detecting innovation. This would especially empower them to accomplish full worldwide inclusion and let incorporate worldwide 3D guide administrations. In July 2019, NTT DATA and Remote Sensing Technology Center of Japan (RESTEC), dispatched AW3D full worldwide 3D Map with 2.5-meter goal, to furnish customers with esteem added data for metropolitan preparation, debacle harm anticipating.

During the underlying phase of development and arranging of another rough pipeline in the Middle East area, advanced rise models are used for territorial preparation with high goal information offering and definite appraisal. This cycle takes into consideration diminished beginning speculation capital. The market situation is in this way expected to change during the following not many years after the presentation of cutting edge and financially savvy Digital Elevation Model and detecting answers for the mining area. These elements are setting out potential development freedom for engineers and suppliers of advanced rise model.

More Valuable Insights on Digital Elevation Model Market

This examination report gives point by point investigation of the computerized rise model market and offers bits of knowledge on different factors, for example, developing ubiquity of advanced rise model in different verticals. To comprehend and assess these chances in the computerized rise model market, the market is fragmented into four significant segments like apparatuses (programming and administrations), application (hydrological displaying and bathymetric investigation, catastrophe counteraction, framework, farming, 3D perception, planning, gravity estimations territory amendment or decrease), industry (telecom, arranging and development, transportation and the travel industry, oil and mining, flying, land, climate, military and protection) and district.

Competitive landscape

Many key digital elevation model solution and services vendors are inclined at investing heavily in solution innovation and upgradation to uncover increased applications of digital elevation models. With the use of GIS mapping technology, vendors also try to accelerate its business transformation and growth objectives by increasing its partner base.

For instance, in October 2019, Sumitomo Electric and TomTom announced collaboration utilizing Sumitomo Electric’s expertise in intelligent transport systems and TomTom’s highly accurate real-time traffic data and high definition maps. It also creates mobility solutions designed to improve road safety and traffic congestion
In September 2019, Cloud Constellation Corporation and Telespazio partnered for market development of SpaceBelt DSaaS services. This partnership helps to expands cloud constellation’s presence throughout South America and Europe.

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Digital Elevation Model Market Outlook by Category

By Tools :

Digital Elevation Model Software
Digital Elevation Model Services
- Rendering 3-D Visualization
- DEM Maps in 2D or 3D CAD
- Building Layouts and Relief Maps
- Rectification of Satellite Images and Aerial Photograph
- Drainage and Sight Analysis

By Application :

Hydrological Modelling and Bathymetric Analysis
Disaster Prevention
Infrastructure
Agriculture
3D Visualization
Mapping
Gravity Measurements Terrain Correction or Reduction

By Industry :

Telecommunication
Planning and Construction
Transportation and Tourism
Oil and Mining
Aviation
Geological
Weather
Military and Defence

Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

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Application Management Services Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: Future Market Insights, Inc.

Future Market Insights projects that application management services market is poised to record robust CAGR of 8.6% from the period 2017 to 2022.

In the ever-changing, complex IT landscape of the 21^st century, the cost of maintenance continues to grow at a staggering pace. Application management specialists hold the key to overcoming challenges by application performance improvement, thereby achieving better business results.

Application management services are delivered several diverse organizations that need to outsource the process of application management. The companies providing this service have expertise in the field of information technology or an expertise of managing similar application for organizations in the same line of business.

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The BFSI segment has the largest revenue share by industry segment at the end of 2017 and is expected to gain substantial share in future. An absolute dollar opportunity of more than US$ 7.4 billion is waiting to be tapped in the BFSI segment from 2017 to 2022. The maximum opportunity in the BFSI segment lies in North America, followed by Europe. Healthcare is a vital segment that should require the services of application management services in the near future. A high CAGR is anticipated in the healthcare segment and North America with its geriatric population and well-developed healthcare infrastructure might be critical in the long-run
The retail & consumer goods segment is poised to gain massive share over the forecast period and companies would do well to focus on this industry in the application management services market. Retail & consumer goods is predicted to grow past a value of US$ 18.8 billion by end 2022, making it large enough for all companies. Strong economic growth in the APEJ region, largely riding on the shoulders of China and India, should lead to a retail boom in this dynamic, populous nations. Furthermore, these countries can be considered ‘mobile first’ or even ‘mobile only’ ensuring that they are perfect for application management service players to target with all guns blazing
IT & Telecom has marginal revenue share in application management services market but is on track to lose significant share over the five-year forecast. North America is the only region in the IT & Telecom segment that could be worth more than US$ 2.2 billion by end 2022 even though a higher CAGR is estimated in both Japan and APEJ. The government and engineering segments have a single-digit revenue share in application management services market with the latter being slightly larger. However, the government segment may show marginal growth and companies with a customized go-to-market strategy could well achieve success

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Application Modernization and Application Testing Key for Success

Applications need to be constantly updated to ensure that they have all the latest functions and capabilities post which testing is imperative. The application modernization has a revenue share of approx. a sixth of the services type segment in the application management services market at the end of 2017 and should gain substantial share going forward. The application modernization is predicted to record an exponential growth rate in excess of 10% from 2017 to 2022, making it very lucrative indeed.

Application testing has a smaller revenue share but is equally if not more important than application modernization to ensure that any and every bug is nipped in the bud. Companies involved in application testing would do well to target North America and Europe as both regions are the largest in the application testing management segment by a considerable margin.

Companies profiled in the application management services market

report include KPIT Technologies Limited, Hexaware Technologies Limited, Wipro Limited, Infosys Limited, CA Technology Inc., HCL Technologies, Capgemini SE, NTT DATA Corporation, IBM Corporation, and Accenture PLC

Close Battle Between System Integration Management and Application Outsourcing

The application outsourcing management and system integration management segment have a similar revenue share in the application management services market with the former edging slightly ahead. The application outsourcing management segment is anticipated to have a value of almost US$ 20.5 billion by the end of the forecast period. North America is critical in the application outsourcing management segment.

The CAGR in the system integration management segment is much lower in comparison and it is poised to lose market share for the foreseeable future. Along with North America, companies would do well to target Europe in the system integration management segment of the application management services market.

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Application Management Services Market Taxonomy

Region:

North America
Europe
Japan
Latin America
APEJ
MEA

Services Type:

System Integration Management
Application Outsourcing Management
Application Modernization
Application Testing Management
Cloud Application Management
Other Services (Architecture management & support services)

Industry:

BFSI
Healthcare
Retail & Consumer Goods
IT & Telecom
Government
Engineering
Automotive
Manufacturing
Other Industries

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Railways Management System Market Current Scenario Trends, Comprehensive Analysis by Future Market Insights, Inc.

As per Future Market Insights, the worldwide market for railways management systems is expected to grow energetically in the impending years. Toward the finish of 2022, the worldwide railways management system market is ready to be worth almost US$ 5 billion.

The report offers a select concentrate on the worldwide railways management system market, uncovering key possible situations for market extension. Over the estimate period, 2017-2022, the worldwide market for railways management systems is supposed to enroll a worth CAGR of 10.4%.

Taking into account how railways will stay to be the foundation of coordinated operations, framework, and the general economy of a country, managerial specialists are supposed to embrace railways management systems for supporting this item. As per Future Market Insights, the worldwide market railways management systems in expected to get some forward momentum with regards to incomes over the time of next five years.

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North America to register higher adoption of railways management systems

The report has anticipated that North America will dominate the global railways management system market in terms of revenues. With a robust rail infrastructure in this region, a majority of freight and logistics operations in the US and Canada are carried out through railways.

The adoption of railways management systems in Asia-Pacific excluding Japan (APEJ) is also expected to gain considerable traction. Considering how efficient railway transportation has served as a mainstay for economic development in several APEJ countries, the railways management system market in this region is expected to expand at a robust CAGR during the forecast period. Europe’s railways management system market is also expected to showcase impressive growth in few years down the line.

Competitive Landscape
Several companies are also expected to develop distinct subsystems on railways management, which could be used to improve the performance of existing systems. The report has also profiled key developers of railways management systems in the global market. Companies namely, GAO RFID, Hitachi, Ltd., Amadeus IT Group, S.A, Cisco Systems, Inc., ABB Limited, IBM Corporation, Thales S.A., Toshiba Corporation, General Electric Co., and Huawei Technologies Co., Ltd. are expected to remain active in global expansion of railways management system market over the span of next five years.

Cloud deployment of railways management system to register highest CAGR

On-premise deployment of railways management system is anticipated to bring in nearly US$ 2 billion in global revenues by the end of 2017. In the approaching years, however, several railway administrations across the globe are likely to deploy railways management system through cloud-based networking models.

For improving compliance of railways management systems across integrated platforms, cloud deployment will be viewed as the best option. Moreover, real-time management and active notification systems will be working more effectively through cloud deployment of railways management systems. Through 2022, global revenues procured from cloud deployment of railways management systems are anticipated to register highest CAGR of 13.2%.

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The taxonomy of the global railways management system market has been illustrated in the table below:

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Solutions

Traffic Planning
Track Management System
Operation Management System
Railway Reservation System
Others (asset management system)
Other Application

Deployment Type

On-Premise
Cloud

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Surge Protection Devices Market Comprehensive Shares, Historical Trends & Forecast By 2027

According to a recent research report published by Future Market Insights titled “Surge Protection Devices Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027),” the global surge protection devices market was valued at US$ 2,046.4 Mn in 2016, and is expected to register a CAGR of 7.8% from 2017 to 2027.

Surge protection device is a device or appliance that is designed to safeguard electrical devices from voltage surge. A surge protector tries to limit the supplied voltage to an electric device by either shorting it to ground or blocking any unwanted voltages above the safe threshold.

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Global Surge Protection Devices Market: Dynamics

Increasing demand for surge arresters in locomotive applications and growing importance given to reduce the adverse impact of lightning are major factors driving the growth of the global surge protection devices market. However, lack of component level testing and a long warranty claiming process are factors restraining market revenue growth of the global surge protection devices market during the forecast period.

Global Surge Protection Devices Market: Key Players

Some of the top companies identified across the surge protection devices value chain are Eaton Corporation, Schneider- electric. Co, Siemens AG, ABB Group, General Electric, Emerson Electric Co., Littelfuse, Inc., Koninklikes Philips N.V, Rockwell Automation, Inc., and Honeywell International Inc. Key players are introducing technologically advanced surge protector devices that can be deployed in various applications such as residential, commercial and industrial and this factor is boosting the growth of the surge protection devices market globally.

Global Surge Protection Devices Market: Forecast by Type

The global surge protection devices market is categorised on the basis of type, end-user and region. On the basis of type, the market is segmented as type 1, type 2 and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017.

Global Surge Protection Devices Market: Forecast by End-User

On the basis of end-user, the global surge protection devices market is segmented into industrial, commercial and residential. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 9.1% during the forecast period.

Global Surge Protection Devices Market: Forecast by Region

This report also covers trends driving each segment and offers analysis and insights regarding the potential of the surge protection devices market in the key assessed regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 10.0% over the forecast period. Revenue from the surge protection devices market in Asia Pacific is expected to account for over 18.3% of the global surge protection devices market revenue in 2017. Surge protection devices providers can focus on expanding across several countries in the APAC and North America regions such as India, China and U.S.

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Market revenue push and pull factors Increasing demand for surge arresters in the locomotive application and a growing need to reduce the adverse impact of lightning are major factors driving revenue growth of the global surge protection devices market. However lack of component level testing and long warranty claiming process is restraining market revenue growth in the global surge protection devices market.

Market Taxonomy

By Type:

Type 1
Type 2
Type 3

By End-User:

Industrial
Commercial
Residential

Key Regions covered:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
Japan
MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA

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Industrial Robot Controllers Market is expected to surge at a vigorous 8.9% CAGR during the assessment period

By the end of 2022, the market for industrial robot controllers is anticipated to reach more than US$ 909.9 million. The electronics and semiconductor industries in particular are benefiting from the growing trend of industrial automation for increasing productivity and reducing production time, which is encouraging market expansion.

According to Future Market Insights (FMI), during the forecast period of 2022–2029, demand in the global industrial robot controller market is expected to soar at a strong CAGR of 8.9%.

According to FMI’s forecast, East Asia will represent more than half of all sales in the industrial robot controller market globally by 2022, making it the most lucrative region. Between 2022 and 2029, South Asia & Pacific is expected to experience rapid growth.

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As per the findings of the report, the global industrial robot controller market is anticipated to see substantial growth over the forecast period, set in motion by increase in the adoption of Human Machine Interaction (HMI), data & cloud capabilities boosting hardware control, and optimization of industrial robot cost.

Market gains have further been underpinned by high growth in automotive and electronic & semiconductor industry- the two big demand generating sectors in in the industrial robotics landscape.

East Asia’s Industrial Robot Controller Market Set for Incremental Growth

According to the recent studies, while South Korea remains a prominent country in the robot per 10,000-employees’ ratio, China is projected to witness a see monumental growth.

India being a fast-growing economy is expected to contribute a fair share in the industrial robot controller market during the assessment period, for the fact that industrial ecosystems of India are on the brink of a massive makeover.

Japan also commands a significant share in the industrial robot controller market, owing to the high penetration rate of automation in the country. Rapid transition of these countries towards robotic automation is further creating new opportunities for adoption of robotic controllers, thereby making East Asia a lucrative region for the industrial robot controller market players.

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Software Based Technology Advancements and Cost Optimization Merging

Key players active in the industrial robot controllers market will benefit from the growing preparedness of industrial ecosystems for the impending ‘fourth industrial evolution’ and its after effects.

Smart components and software’s such as sensors and controllers are the future of automation; industrial robot controller is one of the competence for robot manufacturers as all the electromechanical systems needed to be controlled.

Over the forecast years, human machine interaction is expected to be a growing trend that aims to bring robot and human anatomy closer. simultaneously, bridging the gap between a robot and control system.

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The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robot controller market. The global industrial robot controller market is significantly dominated by some players holding prominent shares of the market.

Tier-1 players are joining forces with IoT platform based companies in order to achieve the ongoing trend of intelligent automation thereby gaining a competitive edge over its peers.

Production innovation and holistic developments will continue to be the key area of focus for manufacturers operating in the industrial robot controllers market, which is highly instrumental for their long-term growth.

In addition, strategic collaborations such as mergers and acquisitions will also be of high importance for the market players to sustain growth via shared resource pools and combined technical expertise.

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Autonomous Vehicles Market Emerging Growth Analysis, Future Demand and Business Opportunities 2032

In 2022, the market for autonomous vehicles is projected to be worth US$ 35,282.8 million. During the forecast period, creating supporting regulatory frameworks, government financing, and investments in digital infrastructure are anticipated to have a significant beneficial impact on the market growth. The global market for autonomous vehicles is anticipated to reach 99,451 million by 2032, growing at a CAGR of 10.9% between 2022 and 2032.

Autonomous vehicles also known as “robot cars” are driverless vehicles, controlled by the computer, which is yet to be commercialized in the market. Autonomous vehicles have sensors installed in it, which detects the objects in its surroundings via radar, GPS tracker, lasers and computer vision and chooses the appropriate path and direction. With the increasing road accidents due to human error while driving provides lucrative opportunities for autonomous vehicles over the forecast period, as the autonomous vehicles are comparatively safe when compared with manually controlled vehicles.

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The autonomous vehicles will also help in reducing the CO2 emissions to the environment. The commercialization of autonomous vehicles will also contribute to the revenue growth of different industries such as, IT, technology and electronics. The use of autonomous vehicles are not limited to passenger cars, it can be used in industrial fleet, construction, public transportation and for agricultural applications. The merits of an autonomous vehicle over manually operated vehicles are, increased fuel efficiency, safety and low emissions among others. Considering the aforementioned factors, the global autonomous vehicles market will project a healthy growth rate over the forecast period.

The global autonomous vehicles market is primarily driven by the numerous advantages of an autonomous vehicle such as increased safety reduced driving stress, efficient parking reducing the costs, fuel efficiency, reduced CO2 emissions to the environment and increasing geriatric population will have a positive impact on the global autonomous vehicles market. Apart from the aforementioned factors, the autonomous vehicles will have a positive impact on the economy as a whole. However, the data security concerns might pose as a restrain to the global autonomous vehicles market as the controlling software can be hacked by unauthorized parties, and input spurious information to the system.

Autonomous Vehicles Market: Key Players

Some of the key players identified in the global autonomous vehicles market are Google, BMW AG, Mercedes-Benz, Tesla Motors, Audi AG among others.

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 categories such as market segments, geographies, types, technology and applications.

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Key Segments Covered in the Autonomous Vehicles Industry Analysis

Autonomous Vehicles Market by Level of Automation:

Driver Assistance
Partial Automation
Conditional Automation
High Automation
Full Automation

Autonomous Vehicles Market by Application:

Autonomous Passenger Cars
Autonomous Public Transportation
Autonomous Industrial Fleet
Autonomous Construction
Autonomous Agricultural Applications

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. 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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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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