Real Time Store Monitoring Platform Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMIThe global real-time store monitoring (RTSM) platform market outlook remains positive with Future Market Insights projects it to surpass a valuation of US$ 1.09 Bn in 2021.

Increasing adoption of artificial intelligence and machine learning technologies for store management operations will remain a key growth driver. Growing adoption of digital technology to improve the workflow and facilitate the transformation of retail industry will fuel the demand over the coming years. With increasing preference of online shopping, industry players are adopting digital technologies and methods to understand the pattern of consumer behavior. To sustain competitive edge, end-users are adopting real-time store monitoring platforms. Against this backdrop, FMI forecasts exponential growth in demand for real time store monitoring services. According to the report, the segment will exhibit a stellar growth at a CAGR of 20.3% over the assessment period.

The market will exhibit stellar growth in response to the increasing demand for automation and digitalization of operations from small and large enterprises. As per the study, real-time store monitoring platform sales will continue rising at an impressive pace between 2021 and 2031.

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Following the outbreak of COVID-19, adoption of real-time store monitoring platforms has spurred as consumers continue shopping across e-commerce online platforms. Since the pandemic has directly impacted the retail industry, supply chains are witnessing sudden shift in consumer buying patterns. In order to keep pace with dynamic trends, companies have become heavily reliant on real-time store monitoring platform services and solution to understand consumer behavior and patterns.

Based on these aforementioned factors, the global real-time store monitoring platform market is projected to expand at an impressive CAGR of 17.7% through 2031.

“Incorporation of artificial intelligence and machine learning in real-time store monitoring platform solution and services will spur their sales. Increasing need to improve workflow and analyze consumer behavior within retail industry will encourage the investment in real time store monitoring platforms,” says the Future Market Insights analyst.

real time store monitoring platform market key regions and applications mekko chart, 2021

Key Takeaways from Real time Store Monitoring Platform Market Survey

  • In terms of application, campaign management will be the fastest growing segment, exhibiting growth at an impressive 20.3% CAGR
  • In terms of value, services segment will gain momentum owing to the growing demand from retail industry, expanding at 20.3%
  • Store merchandising analysis will hold the market share of over 32.5% during the assessment period
  • Large retail sector will contribute the largest revenue, accounting for over 76.7% of global market share
  • The U.S. will remain as one of the most attractive market, contributing for over 78.4% of market revenue through 2031
  • Demand for real-time store monitoring platform in the U.K. will rise at nearly 24.9% CAGR over the forecast period
  • Increasing investment in digital transformations and connectivity across China will spur the sales of real-time store monitoring platform solutions & services

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Key Drivers

  • Increasing need in various end-use sectors such as logistics, retail, and others to improve the work efficiency and security will drive the demand
  • Growing demand from retail stores and industry giants such as Amazon and others will improve the adoption
  • Incorporation of bug data science and internet of thinking will further push the adoption of real-time store monitoring platforms
  • Growing need for automated supply chain processes and faster access to inventory will drive the sales

Key Restraints

  • High cost installation and maintenance might hinder the real-time store monitoring platform market growth
  • Risk of data theft and privacy will inhibit the adoption of real-time store monitoring platforms
  • System incompatibility and lack of awareness regarding RTSM platform may hamper the demand

Competitive Landscape

Key players are focusing on alliances with other manufacturers to expand their existing product portfolios. Product innovation and strategic partnerships are the other core strategies adopted by key players to cement their dominance in the industry.

For instance, in May 2020, Stanley Healthcare merged with Cisco DNA Spaces as the first certified partner focused on healthcare, enabling hospitals to affordably deploy a wide range of real-time location system platform. Its first integrated and certified real-time location system, AeroScout, to offer enterprise-wide visibility into the location and assets in healthcare environments.

In February 2021, Capegemini, Sharp End, and the Drum Labs announced the collaboration with the opening of Cornershop, to offer curated services based on real-time data collected from deep real time monitoring systems and statistics.

Some of the leading players operating in the real time store monitoring platform market profiled by Future Market Insights are:

  • SAP SE
  • Capgemini SE
  • Cloudera, Inc.
  • Happiest Minds
  • RetailNext, Inc.
  • Bosch Sicherheitssysteme GmbH
  • ShopperTraK
  • QLogik Technologies, Inc.
  • SimpliField
  • Sisense Inc.
  • Xperion Kft.
  • Link Analytix
  • IntelliVision
  • Arm Limited
  • Manthan Software Services Pvt. Ltd.
  • Capillary Technologies
  • Others

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More Valuable Insights on Market

Future Market Insights provides an unbiased analysis of the real-time store monitoring platform market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global real-time store monitoring platform market with a detailed segmentation on the basis of:

By Solution:

  • Platform
  • Cloud-based
  • On-Premises
  • Services
  • Professional Services
  • Retail consulting & Advisory
  • Support & Maintenance
  • Implementation Services
  • Managed Services

By Application:

  • In-store Customer Behaviour Analysis
  • Campaign Management
  • Store Merchandising Analysis
  • Store Inventory Management
  • Shelf Management
  • Product Differentiation & Management
  • Others
  • Others

By End-Users:

  • Small & Mid-Sized Retailers
  • Large Retailers

By Region:

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

Key Questions Covered in the Real-time Store Monitoring Platform Market Report 

  • The report offers detailed insights into real time store monitoring platform demand outlook for 2021-2031
  • The market study also highlights projected sales growth for real time store monitoring platform market between 2021 and 2031
  • Real time store monitoring platform market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Real time store monitoring platform market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Fiber Optic Gyroscope Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis And Share By Forecast 2031

FMIThe global fiber optic gyroscope market demand outlook remains positive, as FMI forecasts its valuation to surpass US$ 1,413 million by the end of 2021.

Owing to increasing application in military & defense and automotive industries, the market for fiber optic gyroscope is expected to grow at a CAGR of 8.3% over the forecast period 2021 to 2031 in comparison to CAGR 6.8% registered between 2016 and 2020.

Increasing usage of fiber optic gyroscopes for ground detection, missiles flight control, and dynamic GPS tracking in military applications will create growth opportunities. Coupled with this, the rising demand for better navigation and stabilization platforms in aerospace, battlefield, and undersea environments is estimated to drive growth at around 7.4% in the military and defense domain, as per a study by FMI.

The emergence of autonomous vehicles is one of the primary factors fueling the demand for fiber optic gyroscopes. According to KVH, the inertial measurement units (IMUs), which combines fiber optic gyroscopes with accelerometer components provide highly accurate acceleration data and angular rate to track the exact position of the car. This aspect has made the use of these gyroscopes indispensable while manufacturing autonomous vehicles, in turn, creating lucrative sales opportunities for the fiber optic gyroscope producers over the forecast period.

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“Fiber optic gyroscope market players are emphasizing on developing innovative products and technologies to cater to increasing demand for better electronic surveillance, RADAR systems, navigation, GPS,  and air traffic control (ATC) across the globe,” says the FMI analyst.

Key Takeaways from Fiber Optic Gyroscope Market Study

  • In North America, the U.S. is expected to dominate the market, accounting for a market share of over 82% in the region through 2031.
  • Owing to increasing adoption of advanced technologies in defense sector, the market in the U.K. is estimated to grow at a CAGR of 12% over the forecast period.
  • India is likely to account for above 54% of the market share in South Asia and Pacific, growing at a CAGR of 13.5% by 2031.
  • Based on sensing axis, 3-Axis will emerge dominant, accounting for a market share of over 42.5% by the end of 2031.
  • Inertial navigation systems are anticipated to contribute a revenue share of around 44.5% in the global market through 2021.

Key Drivers

  • Increasing application in the military and defense sector is fueling the demand for fiber optic gyroscopes.
  • Surging demand for autonomous vehicles is spurring the sales of fiber optic gyroscopes.
  • Rising adoption of automation in industries and homes is driving the growth of the market.

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Key Restraints

  • Fragile nature of the fiber optic gyroscope is a factor impeding the growth of the market.
  • Repeated need to calibrate the fiber optic gyroscope is hampering the market demand.
  • Mitigation in the accuracy of fiber optic gyroscopes due to vibration is negatively affecting the sales of the product.

Competitive Landscape

Companies operating in the fiber optic gyroscope market are focusing on developing innovative products and forging strategic partnerships with other manufacturers to expand their production and increase the market share.

  • FIBERPRO, a South Korea-based company, launched its new Fiber Optics based Single Axis Gyroscope named, FI 150 in June 2020. The product is able to stabilize the specific attitude of a moving system which can be used in weapons systems, cameras, telescopes, and many more.
  • In June 2020, KVH industries, announced a launch of P-1775 Inertial Measurement Unit (IMU) featuring its new Inside Photonic Integrated Chip (PIC) technology. The technology that upgrades the inertial sensor performance and reliability for the growing autonomous market.

Some of the key players operating in the fiber optic gyroscope market profiled by FMI are:

  • KVH Industries, Inc.
  • EMCORE Corporation
  • FIBERPRO, Inc.
  • Saab
  • Honeywell
  • Tamagawa Seiki Co., Ltd.
  • Optolink
  • NedAero Components B.V
  • iXblue
  • Fizoptika
  • Safran
  • Cielo Inertial Solutions
  • Ericco International
  • Fibernetics LLC
  • Northrop Grumman Sperry Marine B.V.

More Insights on the Fiber Optic Gyroscope Market:

FMI provides an unbiased analysis of the fiber optic gyroscope market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global fiber optic gyroscope market with a detailed segmentation on the basis of:

By Sensing Axis:

  • 1-Axis
  • 2-Axis
  • 3-Axis

By Device:

  • Fiber Optics Gyrocompass
  • Inertial Measurement Units (IMUs)
  • Inertial Navigation Systems
  • Others

By Application:

  • Aeronautics and Aviation
  • Robotics
  • Remotely Operated Vehicle Guidance
    • Unmanned Underwater Vehicle (UUV)
    • Unmanned Ground Vehicle (UGV)
    • Unmanned Aerial Vehicle (UAV)
  • Military & Defense
  • Industrial
  • Others

By Region:

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

Key Questions Covered in the Report

  • The report offers insight into fiber optic gyroscope market demand outlook for 2021-2031
  • The market study also highlights projected sales growth for fiber optic gyroscope market between 2021 and 2031
  • Fiber optic gyroscope market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Fiber optic gyroscope market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Key Questions Answered in Fiber Optic Gyroscope Industry Analysis

  • Which region is expected to showcase significant growth in fiber optic gyroscope industry research?
    South Asia & Pacific is projected to grow at the highest CAGR of 12.7% during the forecast period, owing to rise in government investments in military and defense sectors.
  • Which sensing type is highly integrated in fiber optics gyroscope?
    1-Axis sensing is the most attractive segment, with estimated market share of 42.8% in 2021. However, 3-Axis segment is estimated to grow CAGR of 10.2% during the forecast period.
  • Which are some of the leading companies offering fiber optics gyroscope?
    The leading companies in this landscape are Honeywell, KVH Industries, and EMCORE Corporation. As per Future Market Insights analysis, 48% of the market share is currently covered by the top 3-5 players.
  • In which application areas, fiber optic gyroscope are highly used?
    Military & defense application dominates the market, generating revenue of US$ 42.2 Mn by 2031, owing to increasing adoption of FOG systems in military aircrafts, guided munitions, and in submarines.
  • How much is the global market size of fiber optics gyroscope?
    The fiber optic gyroscope market was valued at ~US$ 1,326.8 Mn in 2020, and is estimated to grow at 8.3% CAGR between 2021 and 2031.
  • What will be the demand outlook/ sales forecast for fiber optics gyroscope?
    The market size of fiber optic gyroscope is expected to be valued at US$ $ 1,413.2 Mn by the end of 2021, and is likely to reach US$ 3,132.1 Mn by 2031.

Codeless Testing Market Size 2021 Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects And Forecasts To 2031

FMIThe global codeless testing market outlook remains positive with the Future market Insights (FMI) projecting it to reach a valuation of US$ 1.5 billion by the end of 2021. Owing to the advent of artificial intelligence (AI) and machine learning the demand for codeless testing is estimated to grow at a robust CAGR of 15.5% during the forecast period 2021 to 2031.

Due to increasing usage of AI in the development of testing tools, which can self-heal at runtime, coupled with shift towards machine learning, self-healing automation testing is expected to emerge as one of the biggest automation testing trends over the coming years.

A number of companies operating in the market are launching their new products to cater to the increasing demand for these tools. For instance, Qualitest, an India-based software testing company, announced the launch of its new AI-powered software testing and quality assurance (QA) toolkit named, Qualisense in June 2020. The tool is expected to leverage machine learning to enhance testing and quality deliveries along with reducing the need for specific testing.

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A significant rise in demand for codeless testing is witnessed from small and medium enterprises (SMEs) owing to the increasing adoption of automated testing solutions. As per a study by FMI, the demand outlook for codeless testing solutions from SMEs is likely to surge at a CAGR of over 21% between 2021 and 2031.

“The unprecedented outbreak of novel coronavirus has encouraged leading vendors to emphasize on automating their IT operations to recuperate from the crisis. Besides this, numerous companies are anticipated to invest in artificial intelligence and robotic process automation (RPA), resulting in, bolstering the sales of codeless testing over the coming years,” says the FMI analyst.

codeless testing market key countries and industry mekko chart, 2021

Key Takeaways from Codeless Testing Market Study

  • In North America, the U.S. is leading the market and is estimated to account for a market share of over 79% in the region, owing to the presence of leading market players in the country.
  • Favored by high investment in information technology infrastructure, the demand outlook for codeless testing in the U.K. is likely to grow at a CAGR of 16% over the forecast period.
  • China is anticipated to account for over 44% of the codeless testing solutions sales in the East Asia market by the end of 2031.
  • Due to increasing adoption of cloud-based solutions, the market in India is projected to progress at a robust CAGR of 25% through 2031.
  • Based on the solution, codeless testing tools are dominating the segment, accounting for a market share of over 59.5% in 2021.

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Key Drivers

  • Increasing adoption of automated testing solutions is fueling the demand for codeless testing.
  • Rising investment in information technology infrastructure is driving the growth of the market.
  • Growing shift towards artificial intelligence is creating sales opportunities for codeless testing.

Key Restraints:

  • Lack of skills required for codeless testing is hampering the market growth.
  • Less scope for customization is a factor restraining the demand for codeless testing.

Competitive Landscape

Emerging players operating in the codeless testing market are focusing on developing innovative products and engaging in strategic partnerships & acquisition to increase their market revenue share. For instance,

  • Ranorex GmbH, an Austria-based company, announced the introduction of its latest version of Ranorex Studio 9.5 in March 2021
  • In March 2021, Tricentis, a software testing company announced acquisition of Neotys, a company based in France to expand its AI-driven end-to-end continuous testing platforms.

Key players operating in the codeless testing market profiled by FMI are:

  • Ranorex GmbH
  • Katalon, Inc.
  • Mabl Inc.
  • Usetrace
  • Perforce Software, Inc.
  • Cygnet-Infotech
  • Worksoft, Inc.
  • Testim
  • froglogic GmbH
  • Statnetics LLC
  • ACCELQ Inc.
  • QMetry Inc.
  • Micro Focus
  • Tricentis
  • Eggplant

More Insights on the Codeless Testing Market:

FMI provides an unbiased analysis of the codeless testing market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global codeless testing market with a detailed segmentation on the basis of:

By Solution:

  • Codeless Testing Tools
  • Services
    • Testing & QA Services
    • Consulting Services
    • Integration & Implementation
    • Support & Maintenance

By Application:

  • API Testing
  • Mobile App
  • Desktop App
  • Web App

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • IT & Telecom
  • BFSI
  • Retail
  • Healthcare
  • Government
  • Education
  • Manufacturing
  • Travel & Hospitality
  • Media & Entertainment
  • Others

By Region:

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

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Key Questions Covered in the Report

  • The report offers insight into codeless testing market demand outlook for 2021-2031
  • The market study also highlights projected sales growth for codeless testing market between 2021 and 2031
  • Codeless testing market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Codeless testing market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Acoustic Wave Filters Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis And Share By Forecast 2031

FMIAs per a study by FMI, the global acoustic wave filter market is expected to witness a growth at a CAGR of 10.6% during the forecast period 2021-2031. The market for acoustic wave filters is estimated to rise from US$ 8.9 billion to a valuation of US$ 24.5 billion by the end of 2031.

One of the prime factors driving growth is the increasing usage of smartphones and various electronic devices. Owing to the increasing smartphone penetration, the adoption of radio frequency (RF) filters namely, bulk acoustic wave (BAW) filter, has increased for protecting sensitive receiver paths in smartphones. This is in turn boosting the sales of acoustic wave filters.

The outbreak of novel coronavirus has severely impacted the market for acoustic wave filters. The pandemic has restricted connectivity and disrupted the supply chains amidst lockdown. As per a study by FMI, around 10% to 15% sales of the acoustic wave filters have dropped during Q1 and Q2 in 2020. Nonetheless, ease of lockdown and reopening of the industries is expected to drive the market.

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Lithium tantalite and lithium liobate are expected to lead the material segment, accounting for a valuation of US$ 6,127 million, according to FMI. Lithium niobate is likely to hold a market share of around 43.4% through 2021, making it a center point for the expansion of the market.

“Leading manufacturers in the market are aiming at product innovation to address the increasing demand for acoustic wave filter owing to progressive development and commercialization of 5G technologies,” says the FMI analyst.

Key Takeaways

  • Owing to increasing adoption of RF filter technologies by aviation customers, the U.S. is expected to hold a market share of over 89% in North America.
  • In Indonesia, the demand for acoustic wave filters is likely to rise at a CAGR of 15.3% over the forecast period.
  • China is estimated to emerge as a highly lucrative market, accounting for a value share of over 54% in the East Asia market.
  • By 2031, India is projected to hold a market share of nearly 54% in South Asia and Pacific, owing to rise in investments in the public transport infrastructure.
  • The telecommunications sector is dominating the segment and is estimated to register a maximum revenue share of over 33.5% by the end of 2021.

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Key Drivers

  • Increasing adoption of bulk acoustic wave (BAW) filters for wireless systems with boost the market growth.
  • Rising smartphone penetration will fuel the demand for acoustic wave filters.
  • Increasing usage of RF filter technology in RADAR systems, surveillance, electronic, navigation, and others will bolster the growth of the market.
Key Restraints
  • Volatility in the cost of raw material is a factor hampering the market growth for acoustic wave filters.
  • The COVID-19 pandemic has negatively impacted the growth of the market.

Competitive Landscape

Companies operating in the acoustic wave filters market are focusing on product innovation to expand their portfolio. Besides this, some key players are acquiring and establishing strategic partnerships with other market players to expand their manufacturing capabilities. For instance,

  • TDK and Qualcomm announced launch of a joint venture in February 2021. The joint venture will enable Qualcomm’s RFFE business unit to deliver fully integrated systems such as RF front-end (RFFE) modules for mobile devices and fast-growing business segments.
  • In March 2021, Resonant, the U.S. based company, announced an acquisition of GVR Trade SA (GVR). The acquisition will assist Resonant to expand its Enhanced ISN capabilities.

Some of the leading companies operating in the acoustic wave filters market profiled by FMI are:

  • KYOCERA Corporation
  • Murata Manufacturing Co., Ltd
  • Microchip Technologies
  • Skyworks Solutions, Inc.
  • Qualcomm Technologies, Inc.
  • Qorvo, Inc.
  • Tai-Saw Technology Co., Ltd.
  • Microsaw OY
  • API Technologies Corp
  • Crystek Corporation
  • Anatech Electronics, Inc.
  • Taiyo Yuden Co., Ltd.
  • Abracon
  • Broadcom

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More Insights on FMI’s Acoustic Wave Filters Market

The latest market study on global acoustic wave filters market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

By Type:

  • SAW Filter
    • RF SAW Filters
    • IF SAW Filters
  • BAW Filter
    • Solidly Mounted Resonator BAW Filters
    • Film Bulk Acoustic Resonators

By Material:

  • Quartz
  • Lithium Niobate
  • Lithium Tantalate
  • Langasite
  • Others

By Application:

  • Consumer Electronics
  • Telecommunications
  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Industrial
  • Others

By Region:

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

Key Questions Covered in the Acoustic Wave Filters Market Report 

  • The report offers insight into acoustic wave filters demand outlook for 2021-2031
  • The market study also highlights projected sales growth for acoustic wave filters market between 2021 and 2031
  • Acoustic wave filters market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Acoustic wave filters market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Access Control Market 2021 By Global Key Players, Types, Applications, Countries, Industry Size And Forecast To 2031

FMIThe access control market revenue will total US$ 15.3 Bn for 2021, according to Future Market Insights (FMI) study. The overall market is expected to reach US$ 50.4 Bn by 2031, growing at a CAGR of 12.6% for 2021 – 2031. Newly released data on the access control demand outlook indicates a 10.8% y-o-y growth in 2021. In terms of system types, the market share of fingerprint and face recognition access control systems are the largest. However, the iris recognition access control systems will register faster growth at a 16.2% CAGR through the assessment period.

The adoption of access control systems in various industry verticals is expected to propel the market. Information and data security is becoming a top priority for industrial organizations to secure their information and other digital assets from threats. The latter goal largely depends on guaranteeing safety for visitors, plant managers, workers, and more. The growing necessity of integrated access control solutions to create secure environments across industrial areas that layer several technologies in conjunction with contingency plans for human and asset protection will drive demand.

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Therefore, access control is the ideal way to seamlessly fuse such solutions without compromising on productivity, safety, and security with greater efficiency. Several industrial organizations such as IT & telecom, healthcare, BFSI, and manufacturing, are adopting access management solutions to ensure the protection of resources.

The rapidly growing usage of mobile devices has shifted the focus of corporate sectors towards enterprise mobility practices. The major types of smartphone door access control systems include IP systems, control panel systems, and mobile access credentials.

The use of mobile-based credentials is the organic evolution from conventional physical security in the access control industry. Mobile credentials offer superior security and convenience. Smartphone access encompassed with cloud-based systems make such solutions an economical choice for long-term applications, although local systems only require one-time investments.

access control market key countries and system type mekko chart, 2021

Key Takeaways from the Access Control Market Study

  • Iris recognition access control systems will witness the highest growth rate at over 16 percent, owing to investments into new biometric security solutions through 2031.
  • The healthcare sector is anticipated to capture the largest share of 19.8 percent in 2021, backed-up by security concerns in healthcare facilities associated with the use of EMR.
  • The U.S. will remain dominant in North America with an 84.5 percent share in 2021, supported by faster access to tech developments in end use verticals.
  • The market in Japan is expected to progress at a noteworthy CAGR of close to 17 percent through 2031, supported by a tech-driven economy.
  • In the U.K., sales are expected to increase at a CAGR of more than 15 percent over the next ten years, driven by favorable government investments and policies.

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“Access control systems have become a fundamental part of enterprise security departments for applications including the protection of perimeter and high-level data and assets,” said a report analyst. “Frequently changing sources of threats, mandatory compliance, and increased liability issues are the key elements fueling the demand for access control systems for enhancing security.”

Key Takeaways from Access Control Market Survey

  • North America is likely to remain one of the most attractive markets with the U.S. accounting for a market share of over 79% in the region by 2031.
  • The U.K. is expected to lead the European market with growing sales of access control solutions at a CAGR of over 15% through 2031.
  • Thanks to the rising government investments in infrastructural advancement, the demand for access control solutions in China is estimated to rise at a CARG of 12% over the forecast period.
  • With increasing terror threats in India, the demand for access control solutions in the country is expected to surpass a valuation of US$ 751 million by 2031.
  • Japan is anticipated to emerge as a highly lucrative market, demonstrating growth at a robust CAGR of 17% over the next ten years.

Key Drivers

  • Increasing awareness regarding cybercrime and security for data is fueling the demand for access control solutions.
  • Advent of digitalization is expected to create sales opportunities for access control solutions.
  • Ongoing technological development in access control solutions will bolster the growth of the market.
  • Growing shift from key-based to key-less access control is driving the growth of the market.

Competitive Landscape

Manufacturers operating in the access control market are emphasizing on optimizing their existing product and service portfolio. Some of the market players are focusing on receive approval for their product to expand their market share, For instance.

  • Honeywell the expanded the capabilities of its MAXPRO Cloud portfolio in Feb 2021, with the launch of its new products MPA1 and MPA2, access control panels that offer web, cloud-based and on-premise hosting options.
  • Nedap’s AEOS physical access control system received CPNI certification, which makes it suitable for the U.K.’s technical authority standards applications.

Some of the key players operating in the market profiled by FMI are:

  • Identiv
  • Honeywell International Inc.
  • NEC Corporation
  • Johnson Controls
  • Bosch Security and Safety Systems
  • Assa Abloy AB
  • Thales Group
  • STANLEY Convergent Security Solutions, Inc.
  • 3M
  • Secom Co., Ltd
  • Dormakaba Holding AG
  • HID Global
  • Matrix Comsec Pvt. Ltd.
  • Paxton Access Ltd.
  • BioEnable Technologies Pvt Ltd.
  • Spectra Technovision (India) Pvt. Ltd.
  • ZKTeco India
  • Intellicon Private

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More Valuable Insights on Access Control Market

FMI, in its new report, offers an unbiased analysis of the global access control market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in access control market with detailed segmentation:

By Component:

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

By System Type:

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

By Industry:

  • IT & Telecom
  • BFSI
  • Military & Defense
  • Manufacturing
  • Healthcare
  • Transportation & Logistics
  • Government
  • Education
  • Others

Key Questions Covered in the Report

  • The report offers insight into access control market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for access control market between 2021 and 2031
  • Access control market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Access control market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Radar & LiDAR Technology For Railways Application Market 2021 By Global Key Players, Types, Applications, Countries, Industry Size And Forecast To 2031

FMIThe global Radar & LiDAR technology for railways application market is expected to grow at 9.6% CAGR between 2021 and 2031, projects ESOMAR-certified consulting firm Future Market Insights (FMI).

Radar & LiDAR technology is gaining traction in railway and transportation sector as a part of train protection and collision prevention system. Increasing demand for radar and LiDAR sensors in smart railway systems will inflate the market growth.

Recent developments in technology used to control train traffic, track train routing and scheduling, and detect on-track pedestrian will support the radar & LiDAR technology for railways application growth.

Increasing government investment towards designing autonomous railway system especially in emerging economies and surge in demand for radar sensors will emerge as market drivers. Some of the leading companies are launching advanced LiDAR systems to offer higher resolution and improved accuracy. These attributes are considered extremely critical for tracking railway speed.

Mobile LiDAR equipments are capable of high speed mapping of rail corridors with rate of 1.1 Mn per second. This equipment is installed on a vehicle or train locomotive. As the vehicle moves the LiDAR perfectly maps the tracks and surrounding area.

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Incorporation of mobile LiDAR equipment in railways infrastructure project planning and development, along with construction, operations, maintenance, safety, and asset management will accelerate the market growth.

“Companies operating in the market are launching advanced solutions to improve rail collision prevention mechanism. Their efforts will elevate the market demand,” says the FMI analyst

radar and lidar technology for railways application market region wise plc position and notable trends, 2021-2031

Key Takeaways

  • The global radar & LiDAR technology for railways application market is forecast to reach the valuation of US$ 4.98 Bn by the end of assessment period
  • The U.S. radar & LiDAR technology for railways application market is anticipated to grow at 10.4% CAGR throughout the forecast period. Increasing government funding towards improving productivity will aid overall expansion.
  • Rapid adoption of technology for producing digital railways system and increasing government initiatives towards developing high speed rail network will have positive influence on the U.K. radar & LiDAR technology for railways application market growth.
  • China has been working extensively towards developing its railway infrastructure. With increasing research and development initiatives undertaken for digitization of railway system, impressive growth is on card for the China radar & LiDAR technology for railways application market.
  • Integration of cloud based traffic planning solutions with railways and track management system will fuel the market growth during the upcoming years.
  • Increasing demand for safe protection system, reliable scheduling and tracking of trains along with their positioning has perpetuated the radar & LiDAR technology for railways application market demand.

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Competitive Landscape

According to the study by Future Market Insights, market leaders are employing various inorganic and organic marketing strategies to deepen their market penetration into emerging markets.

Growth strategies include new product development and product launches to strengthen their market position. They are also participating in strategic merger and acquisition to strengthen their footprint.

For instance,

  • A new LiDAR sensor was launched by Bosch in July 2020. The working of the sensor is to calculate the distance between target objects by illuminating them with laser light and measuring the reflected pulses. It is capable of detecting objects within 250m range and can recognize 24 objects simultaneously. It is incorporated in railways as a safety and monitoring system.
  • PPC-10G (70/80 GHz), a wireless radio was inspected by ELVA-1in October 2020 for train-to-ground connectivity. The system is developed to solve the problem of providing high-speed trains with a broadband Internet connection on straight sections of the railway.
  • Hupac Intermodal launched Train Radar, a device which provides real-time train running information in January 2020. It makes real-time tracking and accessing ETA information very comfortable. It gives fast and accurate information regarding the intermodal transport management.

Some of the leading companies operating in the market are:

  • Radarxense BV
  • Radar Vision
  • Earth Radar Pty Ltd
  • Bosch Mobility Solutions
  • Navtech Radar
  • ELVA-1
  • DEUTA-WERKE GmbH
  • Hupac Intermodal
  • BlackBerry Limited
  • Leica Geosystems AG
  • Trimble Inc.
  • RIEGL Laser Measurement Systems GMBH
  • SICK AG
  • Quantum Spatial
  • Velodyne Lidar
  • YellowScan
  • Phoenix LiDAR Systems
  • XenomatiX
  • IDS GeoRadar (Hexagon)

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More Insights on the Global Radar & LiDAR technology for railways application Market

Future Market Insights, in its new offering, provides an unbiased analysis of the radar & LiDAR technology for railways application market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the radar & LiDAR technology for railways application market with a detailed segmentation on the basis of various parameters. These include:

  • Radar Technology
    • Radar Sensor Modules
      • Speed Measurement Radar Sensors
      • Distance Measurement Radar Sensors
    • Service
      • Integration & Installation Services
      • Support Services
  • LiDAR Technology
    • Devices
      • Mobile LiDAR Scanners
      • Aerial LiDAR Drones
      • On-board LiDAR Sensors
    • LiDAR Processing & Mapping Software
    • Services
      • LiDAR Survey & Mapping Services
      • Consulting Services
      • Support Services

Application

  • Railway Track Faults Detection
  • Rail Collision
  • Pedestrian Detection
  • Train Tracking & Control

Region

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

Key Questions Covered in the Report

  • How will the market radar & LiDAR technology for railways application expand through 2031?
  • Which top manufacturing companies are leading the global radar & LiDAR technology for railways application market?
  • What are the key drivers and trends that will stimulate the radar & LiDAR technology for railways application sales?
  • What are the challenges that will affect the sales of radar & LiDAR technology for railways application market?
  • Which region will remain the most lucrative throughout the forecast period?
  • What is the impact of COVID-19 on radar & LiDAR technology for railways application market?

Workstation Software Market 2021 By Global Key Players, Types, Applications, Countries, Industry Size And Forecast To 2031

FMIThe global workstation software market is forecast to reach the valuation of US$ 28.77 Bn by the end of 2031, as per a study by Future Market Insights (FMI). Computer aided design helps in increasing productivity and undertake mission critical applications. Growing demand for custom built workstations for heavy duty applications such as 3D modeling and product life cycle management will elevate the market growth, evaluated ESOMAR-certified consulting firm Future Market Insights.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for workstation software products. The report tracks the global adoption of workstation software products in 20+ high-growth markets, along with analyzing the impact of COVID-19 on the global adoption of workstation software solutions, along with the pre-COVID and post-COVID market growth analysis.

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According to the study, workstations are found most effective when used in parallel processing to run heavy workloads of multiple sizes. They are capable of handling multi layer graphics, 3D virtual reality applications and fluid dynamics which requires extensive computing power. The versatility of workstation will positively influence the workstation software market growth.

“Growing popularity of 3D design and animation software in engineering and manufacturing industries will intensify the workstation software market demand”, remarks the FMI analyst. 

workstation software market region wise plc position and notable trends, 2021-2031

Key Takeaways

  • Digital content creation sector is experiencing tremendous growth with the incorporation of smart technologies. It is forecast to grow by 25% by 2026 end.
  • Flourishing IT, architecture and manufacturing sector in US has fueled the market workstation software market growth.
  • UK workstation software market is anticipated to expand at 16.2% CAGR by the end of forecast period 2021-2031. The growth is driven by surging demand from automotive manufacturers and development in media and advertising domain.
  • Lofty government investment towards advancement in cloud computing and digital transformation along with early adoption towards virtual computing drives the market growth in China.
  • India is a promising prospect regarding workstation software market. Increasing adoption of 3D modeling and rendering technology in construction industry will drive the workstation software market sales.

Prominent Drivers

  • Rising popularity of gaming culture has lead to development of high quality graphic games paving way for workstation software market growth.
  • Surging demand for image editing, web content creation and video editing with special effects has led to increase in workstation software market demand.
  • Adoption of computer aided design and graphics design and other system heavy applications which require multiple gaming processing units and rams will boost the market growth.

Discover more about the workstation software market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/reports/workstation-software-market 

Key Restraints

  • Fluctuation in software performance and limited customization for gaming will hamper the market sales.
  • Unavailability of custom models for job specific applications like engineering will impede the market growth.
  • High upfront cost of workstation coupled with very niche market base hinders the market growth.

Competitive Landscape

Leading players profiled by FMI operating in workstation software market include Autodesk, Inc., Unity Technologies, Virtuix, Microsoft Corporation, GIMP, Survios, Enscape, Skylum, Fujitsu, Adobe Inc., Corel Corporation, Dassault Systèmes SolidWorks Corporation, SubVRsive Inc., Luxion Inc, MAXON COMPUTER GMBH.  According to FMI, the tier -1 market players like Autodesk, Inc., Fujitsu, Adobe Inc, and Microsoft Corporation dominate the workstation software market holding nearly 40% of global market share. They emphasize on product launches, strategic acquisitions and collaborations and developing their distribution network. Tier-2 and tier-3 market players which hold below 15% market shares are focusing on business expansion and new market penetration.

In June 2020, Autodesk Inc launched “Autodesk Takeoff” which assists the designer to perform 2D and 3D designing estimations from common data reservoir to improve speed and accuracy during the quantification process.

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More Insights on FMI’s Workstation Software Market

Key Segments Covered:

By Workstation Software

  • 3D Modeling & Rendering Software
  • CAD, CAM and CAE Software
  • Virtual Reality (VR) Software
  • Image and Video Processing Software

By End User

  • Engineers, Designers and Architects
  • Enterprise Software Developers
  • Gaming and Entertainment
  • Media and Publishing

Head Mounted Display Market 2021 By Global Key Players, Types, Applications, Countries, Industry Size And Forecast To 2031

FMIESOMAR-certified Future Market Insights’ recent report on the head mounted display (HMD) market forecasts a healthy growth outlook through 2021 and beyond. As of 2020, the market registered the growth of 16.1% CAGR, which was primarily bolstered by the increasing adoption of AR/VR technologies in gaming and media & entertainment industries. Future projections indicate a positive forecast, CAGR exceeding 25.9% through 2031.

According to the study, warfare simulations, tactical augmented reality, situational awareness, and many other advantages are provided by HMDs. These aforementioned factors are key drivers increasing the application of HMDs in aerospace and defense sectors. Integration of 5G technology and the need to create Synthetic Training Environment for defense training is boosting the growth of head mounted display market.

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Apart from the aerospace and defense industry, the incorporation of AR/VR in HMDs has increased the usage in various industrial applications such as gaming, virtual shopping, automotive, remote education and many more. Hence, fuelling the demand.

“Advanced technology coupled with the integration of AR/VR in various sector such as education, gaming, military & defense, e-commerce and many more is bolstering the growth of head mounted display market,” remarks the FMI analyst.

head mounted display market key regions and applications mekko chart, 2021

Key Takeaways

  • Eye wear segment is expected to register a growth of over 30.2% CAGR during the forecast period
  • Increasing application in gaming and media & entertainment is expected to remain dominant
  • By type, slide-on HMD is anticipated to prevail over other segments through 2021 and beyond
  • United States is expected be one of the most lucrative market backed by the rise in gaming industry & defense sector
  • UK is likely to reach a valuation of over US$ 5759.6 Mn by 2031-end to expand at 32.7% CAGR
  • India to register a growth of over 35.9% CAGR during the forecast period backed by government initiatives to develop AR/VR technologies
  • China is leading the East Asia HMD market followed by Japan and South Korea

Prominent Drivers

  • Higher adoption of HMDs in gaming, healthcare and defense sectors is a key driver for the market growth
  • Increasing adoption of AR and VR technologies is fuelling the demand of HMDs
  • Surge in demand for lightweight HMDs and portable devices is stimulating HMDs sales

Key Restraints

  • Lack of standardization and limited battery life is posing a challenge for the market growth
  • Unavailability of proper knowledge of HMDs is expected to cause a restrain

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Competitive Landscape

Amcor PLC, Berry Global Group Inc., Gerresheimer AG, Comar LLC, Graham Packaging Company, Maynard & Harris Plastics, Alpha Packaging Inc., O.Berk Company LLC, CL Smith, Aaron Packaging Inc., and Clarke Container Inc. are some of the companies profiled by Future Market Insights. Leading players are reliant on the strategies such as product development, mergers and acquisition to strengthen their position in the market.

For instance, on February 25th 2021, the Indian Ministry of Defense announced that the army is in the process of procuring 556 AR head mounted display systems. The Indian Army will acquire the ARHMD systems under Make-II Category. AR head mounted display serves as an enhancement to land-based air defense weapon systems such as the IGLA shoulder-fired Infrared Homing Air Defense Missile System and the ZU 23mm 2B AD Gun System.

Also, in October 2020, WiMi Hologram Cloud Inc., a leading augmented reality provider announced the launch of its new Mixed Reality HMD product “WiMi Hologram Soft Light”.

Key Segments Covered of the Head Mounted Display Market

Product Type

  • Head Mounted
  • Eyewear

HMD Type

  • Discrete HMD
  • Integrated HMD
  • Slide-on HMD

Application

  • Gaming, Media,& Entertainment
  • Aerospace, and Defense
  • Healthcare and Medical Devices
  • Engineering & Industry Applications
  • Education
  • Others

Virtual Machine Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis And Share By Forecast 2031

FMIIncreasing adoption of hypervisor based virtualization over conventional cloud system software and container-based virtualization in the field of computing, which drive developments in the virtual machine industry. The global virtual machine market is estimated to reflect an exponential growth rate of over 15% CAGR during the assessment period from 2021 to 2031. Increasing demand for cloud computing solutions will support developments in the market through the coming years. Data management applications in retail, telecom, government, and information technology sectors are also aiding the development and sales of virtual machine products. 

The global virtual machine market is expected to reach a valuation of US$ 119.89 Bn by 2031. Increasing adoption of heavy applications among organizations and rise in cloud computing technologies across the globe has fuelled the demand for virtual machine systems and solutions. Moreover, virtual machines enables time and money saving for businesses.

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“A prominent driving factor for the rapidly growing virtual machine market is the growing perception on the scope of how technology can be deployed in multiple industry settings. While earlier versions of server virtualization software were largely used as a viable avenue for test & development and server consolidation, newer products are gaining ground for utility computing applications,” says the FMI study.

virtual machine market region wise plc position and notable trends, 2021-2031

Virtual Machine Market – Primary Takeaways

  • Efforts to improve on business agility with devices on multiple OS drives adoption in small and medium enterprises.
  • VMware, Huawei and IBM accounts for close to 90% of the global market, with commoditization and saturation being key influencers.
  • The presence of leading cloud computing service providers contributes to the share of the US market.
  • India and UK are high potential markets owing to the presence of major international IT firms and data centers.

Virtual Machine Market – Growth Factors

  • Advantages in terms of storage on demand and scalability of operations for rapid data recovery drives growth.
  • Wide scope of applications in multiple end use industry is a major factor supporting adoption in the market.
  • Organizational device management improvements allowing simultaneous operations on thousands of devices will boost developments in the sector.

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Virtual Machines Market – Major Constraints

  • Virtualization resource distribution and backwards compatibility issues are challenges for developers.
  • Problems with reliability for security and backup in interoperable devices holds back development options.

Expected Impact on Market by Coronavirus Outbreak

The players participating in the virtual machine market have found key opportunities for growth associated with the onset of the coronavirus pandemic. Lockdown restrictions on human movement and the resultant popularity of work from home practices and the demand for cloud services have bolstered operations in the industry. Remote integration of organizational data operations has driven demand.

Growth is likely to continue through 2021 as cloud deployment continues to gain importance. The virtual machines market will witness substantial opportunities for growth in the near future, supported by changes in operational robustness and security standards, with software development opportunities arising from mobile device applications.

Competition Landscape

Prominent manufacturers taking part in the virtual machines market include but are not limited to Parallels Inc., Microsoft Corporation, Proxmox Server Solutions GmbH, VMware Inc., Huawei Technologies, Amazon Web Services Inc., Citrix, Google, Hewlett Packard Enterprise, IBM Corporation, Alibaba Group, and Oracle Corporation.

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Market leaders in the virtual machine market are pushing for product development efforts to improve functionality, with strategic collaborations gaining ground for superior development capabilities and expertise.

NVIDIA and VMware in March 2021 announced the release of their joint AI-ready virtual machine enterprise platform, with transfer learning with accuracy in smaller data set models. Further, Microsoft Corporation announced the launch of a new Azure module for virtual machine operations with signed and verified bootloaders, based on Virtual Trusted Platform Module standards. Linux released its new Virtual M68k Machine patches based on Goldfish interface, which will come with QEMU side support with the 6.0 version in patch form.

Key questions answered in the report

  • How will Virtual Machine market expand until 2031?
    FMI projects the global virtual machine market to register a CAGR of 19.7% between 2021 and 2031. Increasing adoption of cloud computing services across small and mid-sized enterprises is expected to drive the growth.
  • Which is the most lucrative region in the global virtual machine market?
    North America is the most lucrative region in the global virtual machine market and the trend is likely to continue in the near future. Within the region, the demand from the U.S. is expected to be higher.
  • Who are the leading players in virtual machine market?
    Some of the leading players operating in the global virtual machine market include Microsoft Corporation, Amazon Web Services, Google, IBM corporation, and among others.
  • Who are the leading end users of virtual machines?
    Healthcare and manufacturing sectors together are expected to account for over half of sales in the market through 2031.

North America Forage Seed Market Volume Expected to Reach 3,495,837.4 Kilo Tonnes by 2020

FMIFuture Market Insights (FMI) delivers key insights on the global forage seed market in its latest report titled “Forage Seed Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020”. The global forage seed market is anticipated to expand at a CAGR of 8.4% in terms of volume during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report.

 

Alfalfa seeds segment was the largest contributor to the market in 2013, accounting for a market share of 27.0% in terms of value. The clover forage segment was the second largest revenue generator in the same year. Alfalfa plays an important role as a livestock forage. The demand for alfalfa is primarily driven by its high nutrient content (protein and energy) that helps improve: growth of livestock, maintenance, lactation and reproduction. In addition, alfalfa seeds are widely used for feeding dairy cattle with a view to enhance milk production globally. The clover seed segment of the global forage seed market was valued at USD 2,636.3 Mn in 2013 and is expected to expand at a CAGR of 7.9% in terms of revenue during the forecast period.

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The global forage seed market is anticipated to expand at a high CAGR in terms of value during the forecast period. Owing to the inclining demand for forage seeds across different agricultural farms and cattle farms, the forage seeds market is expected to witness growth throughout the forecast period Along with this, rise in the number of poultry birds and cattle is also foreseen to strengthen the demand for forage feed globally.

The global forage seed market is expected to witness substantial growth during the forecast period. The forage seed market is primarily driven by growing demand for forage feed that is used to feed livestock. In addition, increasing global meat consumption and economic benefits derived from cultivation of forage seed have led to the further rise in demand for forage seeds globally. Apart from this, rising demand for organic meat in order to maintain a healthy lifestyle has been creating future growth opportunities for the forage seed market.

Forages are the edible parts of plants eaten by livestock, and used for feeding grazing animals. Forage feed manufacturers use legumes and grass seeds to plant pastures and hayfields. The major stakeholders across the supply chain of the forage seed market are plant breeders, seed growers and conditioners, seed distributors, seed retailers and finally farmers.

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This report covers drivers, restraints and opportunities that are driving each segment and respective sub-segments of the market, and offers analysis and insights about the potential of the forage seed market in specific regions. Geographically, North America held the key market share of the forage seed market in 2013, accounting for 33.5% market share in terms of revenue. Market growth in this region is attributed to the increasing demand for weed-free forage products, fuelled by the expanding livestock population. Agricultural and livestock farmers are focusing on the use of good forage crops for feeding livestock. Therefore, demand for forage seeds is increasing in view of cultivating forage crops to meet the consumer needs in North America. In 2013, Europe held second largest market share followed by Asia Pacific and Rest of the World.

Growing human population, increasing disposable income and urbanisation are playing an important role in increasing the demand for poultry meat and dairy products in Asia Pacific. Furthermore, the economic benefits, such as crop rotation and risk diversification, of forage seed cultivation are also expected to boost the growth of the forage seed market in Asia Pacific. The forage seed market in Asia Pacific was valued at 511,900 kilo tonnes in 2013 and is expected to expand at a CAGR of 10.3% during 2014-2020.

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The global forage seed market is anticipated to expand at a high CAGR in terms of value during the forecast period. Owing to the inclining demand for forage seeds across different agricultural farms and cattle farms, the forage seeds market is expected to witness growth throughout the forecast period Along with this, rise in the number of poultry birds and cattle is also foreseen to strengthen the demand for forage feed globally.

Key Players

Key vendors identified across the value chain of the global forage seed market include: Allied Seed, LLC, BASF SE, Dow AgroSciences LLC, S & W Seed Company, Germinal GB, Hancock Farm & Seed Co. Inc., Central Garden & Pet Company, Northstar Seed Ltd, and Heritage Seed Company. These companies are involved in producing chicory seeds, turf grass seed, fescue, timothy grass and ryegrass among others.

In 2013, of these, Allied Seed, LLC was the leading player in the forage seed market as it comprises a strong distribution channel and offers all the major forage seeds related products.

Key Segments Covered

  • Forage seed Market
    • By Product Segment
      • Alfalfa
      • Clover
      • Ryegrass
      • Chicory
      • Others
    • By Livestock Type
      • Poultry
      • Cattle
      • Pork/Swine
      • Others

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Table Of Content

1 Introduction

1.1 Report description

1.2 Research scope

1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview

3.1 Introduction

3.2 Supply chain analysis

3.3 Market drivers

3.3.1 Replacement of by products reducing the feeding cost

3.3.2 Changing food habits and rising meat consumption

3.3.3 Economic benefits of forage seed

3.4 Market restraints

3.4.1 Rising demand for substitutes

3.5 Market opportunities

3.5.1 Increasing demand for organic products

3.6 Market attractiveness by type

3.7 Major players

Chapter 4 Global Forage Seed Market Analysis, by Product Type

Chapter 5 Global Forage Seed Market Analysis, by Livestock Type

Chapter 6 Global Forage Seed Market Analysis and Forecast, by Geography

Chapter 7 Company Profiles