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According to Future Market Insights (FMI), sales in the automotive wires are projected to rise at a 5.9% CAGR over the assessment period, reaching a valuation of US$ 9.8 Bn in 2021. Increasing sales of electric vehicles, along with growing adoption of digital modules in commercial vehicles are expected to propel sales of automotive wires at 5.1% CAGR in terms of volume.

To curb greenhouse emissions, governments in various countries have imposed stringent regulations. In response to this, consumers are preferring fuel-efficient and lightweight vehicles. This has resulted in high demand for aluminum-based automotive wires.

Aluminum automotive wires have low surface gravity and are cost-effective. Owing to these benefits, sales of aluminum and aluminum alloy-based automotive wires are projected to remain high in the forthcoming years.

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Besides this, growing popularity of autonomous and electric vehicles is expected to provide impetus to growth of the automotive wires market. These vehicles comprise complex interconnected systems, comprising sensors, digital displays, cameras, and internet connectivity, which require efficient automotive wires.

Improvements in connective technology used in autonomous vehicles will continue fueling sales of automotive wires. In addition to this, efforts to reduce weight on the engine body will also boost sales of aluminum automotive wires, further augmenting growth of the market.

“Rising adoption of advanced driver assistance systems (ADAS) in passenger and commercial vehicles is expected to propel sales of automotive wires. Along with this, product developments supporting application of new materials such as alloys for automotive wires manufacturing will complement growth of the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• Based on material type, demand for copper automotive wires is expected to surge at a steady pace through 2031.
• In terms of vehicle type, sales of automotive wires in the electric vehicles segment are projected to remain high.
• Applications of automotive wires in the chassis and safety segment are expected to gain momentum over the assessment period.
• The U.S. is expected to dominate the North America automotive wires market, with sales growing at a 4.0% CAGR across the region.
• Germany will emerge as a lucrative pocket. Demand for automotive wires in Europe is projected to soar at a 5.0% CAGR through 2031.
• China will account for a dominant share of the East Asia automotive wires market, due to easy availability of raw materials.
• South Korea and Japan will collectively account for 5.2% of the total automotive wires market share in 2021.

Key Segments Covered in Automotive Wires Market Report

On the basis of material type, the Automotive Wires market can be segmented into:

• Copper
  • Oxygenic Copper
  • Pure Copper (Oxygen Free)
  • Copper Silver (CuAg)
  • Copper Magnesium (CuMg)
  • Copper Tin (CuSn)
• Aluminum
• Others (Nickel, etc.)

On the Basis of vehicle type, the Automotive Wires market can be segmented into:

• Conventional Fuel Vehicles
  • Passenger Vehicle
  • Commercial Vehicle
• Electric Vehicles
• Hybrid Vehicles

On the Basis of application, the Automotive Wires market can be segmented into:

• Chassis and Safety
  • Conventional Chassis
  • Semi-forward Chassis
  • Full-forward Chassis
• Body
  • Facia
  • Roof
  • Door & Window
  • Seat
  • Interior
• Heating Ventilation & Air-Conditioning (HVAC)
• Engine
• Sensors

On the Basis of Region, the Automotive Wires market can be segmented into:

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

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Competitive Landscape

LEONI AG, Sumitomo Electric Industries, Ltd., Fujikura Ltd., Delphi Automotive Plc., PKC Group, Furukawa Electric Co., Ltd, Yazaki Corporation, General Cable, Lear Corporation, Draka (Subsidiary of Prysmian Group, Samvardhana Motherson Group, Allied Wire & Cable, Inc., Coroplast Fritz Müller GmbH & Co. KG., Kromberg & Schubert, Acome, Yura Corporation, and Kyungshin Corporation are among the leading manufacturers of automotive wires.

As per FMI’s analysis, top 5 automotive wires players comprising Yazaki Corporation, Sumitomo Electric, Aptiv plc, Leoni, and Lear Corp. are projected to account for 75% of the total automotive wires market share.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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A recent market study published by Future Market Insights on the event management software market includes a global End-user analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.

Future Market Insights (FMI) has stated that the global event management software market is expected to rise steadily at a CAGR of 14.1% during the forecast period of 2021 to 2031. Event data is indispensable for event organizers since it helps them monitor social media engagement, attendance, and measure the overall success of any event.

Key Takeaways of Event Management Software Market Study

• The cloud based deployment to grow 4.0x of the current market value by the end of 2031
• Increasing penetration of IoT and real-time analytics will drive growth in U.S., enabling it to account for a little below 65% of North America market in 2021
• Double-digit y-o-y growth at over 10% will seal U.K.’s position as a lucrative market within Europe
• Increasing number of events organized in Germany and France, will drive Europe event management software market
• Within East Asia, Japan and South Korea are expected to emerge as strong markets, exhibiting double-digit growth

Rising Demand for Mobile Event Management Applications

The usage of applications is increasing at a tremendous rate with each day passing, and various apps are being considered crucial for most businesses. The event apps are making things quicker, easier and more interactive to the event industry. The increase in the engagement of interactive mobile event applications has been emerging as one of the biggest event trends. Thus users are demanding more event applications offering better quality and services.

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Key questions answered in the report

• How will event management software market expand until 2031?
  FMI projects the global event management software market to register a CAGR of 14.1% between 2021 and 2031.
• What are the major challenges to event management software market growth?
  Integrating event management software with customer relationship management tools or other business functionalities is a complicated process and requires high technical expertise, which is a significant factor, restraining growth of the market.
• Who are the leading players in event management software market?
  Prominent players operating in the global event management software landscape include InEvent, Inc., Ungerboeck, Eventzilla, Certain, Inc., Hubilo Technologies Inc. and Eventbrite among others.
• What are the major trends, impacting the event management software market growth?
  Education institutions are increasingly adopting cloud-based event management solutions for organising alumni events, educational conferences and recruitment fairs. Thus cloud-based solutions adoption is gaining traction in the education sector.
• Which is the leading event management software market?
  North America currently dominates the global event management software market. Within North America, the U.S. is expected to remain the leading market over the coming decade.

According to a new market study by Future Market Insights (FMI), the HVDC transmissions system market is forecasted to witness healthy growth between 2018 and 2028.

Growing demand for HVDC transmission systems among power transmission industries and emerging economies is forecasted to serve as a major growth driver to the market. Furthermore, augmenting adoption of HVDC transmission systems in offshore wind projects, coupled with rising demand for these systems for long-distance transmission will equally complement market growth.

Furthermore, the Line Commutated Converter (LCC) technology used in HVDC transmission is highly economical and results in minimal power losses. The growing adoption of HVDC transmission systems for long-distance transmission is ascribed to the low expense of total current transmission line over large distance as compared to alternating current lines for the same distance.

“The installation of a transmission system involves various components, such as converters, smoothing reactors, and harmonic filters, which increases the cost. As this holds back the growth of the market, manufacturers are focusing on entering partnerships with component suppliers to lower the installation cost”, opines FMI analyst.

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HVDC transmissions system market – Key Trends

• The rising number of government initiatives related to HVDC transmissions systems is offering substantial revenue opportunities to the market.
• A growing number of offshore wind farms and the substantial adoption of HVDC transmission systems will continue to drive the market on a positive trajectory.

HVDC transmissions system market – Regional Analysis

• North America is forecasted to maintain hegemony over the regional landscape owing to a high preference for renewable energy.
• Asia Pacific excluding Japan (APEJ) and Japan are collectively expected to grow at a value CAGR of 19.7%, which represents a growth of nearly 2.3x as compared to the overall market.

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HVDC transmissions system market – Competitive Landscape

Some of the key players operating in the market include ABB Ltd., Siemens AG, Toshiba Corporation, General Electric, Mitsubishi Electric Corporation, Prysmian SpA, TransGrid Solutions Inc., Abengoa S.A., ATCO Ltd., and LS Industrial Systems Co., Ltd. among others. Market players are focusing on launching new products, acquisitions & mergers, and expansions to sustain in the market. On this premise,

• In April 2018, ABB Ltd. announced the launching of ABB Ability – the first combined solution for digitally enabled power transformers at the Hanover Fair in Germany.

HVDC Transmissions System Market – Taxonomy

System Component:

1 – Solution

• AC & DC Harmonic Filters
• Converters
• DC Lines
• Circuit Breakers
• Others

2 – Services

Technology:

• LCC (Line Commutated Converters)
• VSC (Voltage Source Converters)
• Others

Deployment

• Overhead
• Underground
• Subsea
• Combination

Power rating:

• Below 1000 MW
• 1000 – 2000 MW
• 2000 MW & above

Region:

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

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Get Valuable Insights into the HVDC Transmissions System Market

Future Market Insights, in its new offering, provides an unbiased analysis of the HVDC transmissions system market, presenting historical demand data and forecast statistics for the period from 2018-2028. The study divulges compelling insights on the HVDC transmissions system market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

According to FMI, the global social business intelligence solutions market worldwide is estimated to be worth US$ 17 Bn by 2017 end, vis-à-vis revenue from worldwide deployment. Rising at a CAGR of 6% from 2016 to 2026, the market and is predicted to reach a valuation of US$29 Bn by the end of 2026.

Some of the prominent players operating in the market are SAP SE, SAS Institute Inc., Logi Analytics, Inc., TIBCO Software, Inc., Alteryx Inc., MicroStrategy, Inc., Microsoft Corporation, Qlik Technologies, Inc., and Tableaue Software, Inc., notes Future Market Insights (FMI). A number of these players are focusing on big data applications emerging from various end-use industries, notably healthcare to consolidate their shares. They are exploring prospects in the development of social media tools and software. Several companies in the market are substantially investment in research and development aimed at wearable technologies based on social business intelligence to gain a competitive edge over others.

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The various end-use verticals for the social business intelligence market are BFSI, healthcare and life sciences, consumer goods and retail, travel and tourism, IT and telecommunication, media and entertainment, and government. Of these, the BFSI sector is the leading segment as it held a major market share of 20.2% of all the verticals in 2016. The segment is anticipated to retain its dominance throughout the assessment period. However, the travel and tourism segment is anticipated to rise at higher year-over-year growth from 2017 to 2026.

Rising Ubiquity of Social Media to Bolster Demand

The growing demand for big data analytics tools for the analysis of social media, coupled with the rising ubiquity of social networks world over, is a key factor driving the market. The pressing need for next-generation analytical data generation technologies and management systems across modern enterprises is a primary factor driving the market in various regions. The robustly rising popularity of social media among product and customer service teams, largely on account of benefits that percolate beyond marketing and promotion, is a key trend accentuating the market. The growing demand for various big data tools such as Hadoop in managing vast sets of unstructured data emanating from online and social media sites and CRM conversations is a notable trend catalyzing the demand for social business intelligence tools. This is motivated by the intensifying needs to garner data-driven insights into customer taste and preference across enterprises.

The pressing need for gaining customer insights in real-time for accelerating time-to-market is a key aspect of a fast-growing modern enterprise, necessitating the demand for social business intelligence tools. The rising adoption of cloud-based technologies and services will expectedly create exciting opportunities for market players in the coming years.

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Data Security Major Concerns, Advanced Enterprise Data Operating Systems to Open up Exciting Avenues

The concern of privacy of data and their enterprise security are key factors likely to hamper the demand for social business intelligence to an extent. Nevertheless, the marked shift of enterprises workloads from on-premise to cloud is expected to allay these mounting concerns, thereby bolstering the demand for social business intelligence. In addition, the advent of advanced enterprise data operating systems has led players overcome the constraints associated with traditional database systems, notably SQL servers.

The growing popularity of Hadoop for building large-scale database has enabled enterprises manage large operational requirements. This is a welcome trend in the global social business intelligence market. Furthermore, the introduction of YARN and MapReduce has substantially expanded the capabilities of Hadoop, thereby creating lucrative avenues for market players.

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The study presented here is based on a report by Future Market Insights (FMI) titled, “Social Business Intelligence Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.”

The global social business intelligence market is segmented based on:

By Deployment Type

• On-premise
• Cloud-based

By Size of Enterprise

• Small Enterprise
• Medium Enterprise
• Large Enterprise

By Vertical

• BFSI
• Healthcare and Life Sciences
• Consumer Goods and Retail
• Travel and Tourism
• IT and Telecommunication
• Media and Entertainment
• Government
• Others

According to the report by Future Market Insights (FMI), the global smart agriculture solution market will register growth at 10.3% CAGR during the forecast period. Sales of smart agriculture solution across the globe are estimated to surpass US$ 13.2 Bn by the end of 2031.

Increasing developments in the production of tablet devices, coupled with the steadfast penetration of hand-held electronics has been driving the growth of the global tablets market for the recent past. An exclusive forecast study by Future Market Insights reveals that the global demand for tablets will surge extensively in the upcoming years. In this report that assesses the forecast on the global tablets market for the period 2016-2026, the sales of tablets across the globe are estimated to rake in over US$ 600 Bn by the end of 2026. The study projects that during this period, the global tablets market will expand vigorously at a CAGR of 9.1%.

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Businesses across several industrial verticals are actively adopting IT-as-a-service (ITaaS) models for improving their operations. With the soaring demand for ITaaS operational models, the scope for incorporating B2B telecommunications is also extending substantially among varied businesses and enterprises. A recent research conducted by Future Market Insights projects that the global demand for B2B telecommunication will be largely emanating from the BFSI sector and media & entertainment industry.

According to Future Market Insights’ report, the global revenues from B2B telecommunication surpassed an estimated US$ 30 billion in 2016. By the end of 2026, the global B2B telecommunication market is projected to be valued at US$ 107.47 billion, registering expansion at a 13.6% CAGR. More than one-fourth of the global B2B telecommunication revenues throughout the forecast period will be accounted by the BFSI industrial vertical, which will amount to more than US$ 27 billion by the end of 2026. Government and administrative bodies, and healthcare organisations such as hospitals and medical research institutes will also considered lucrative industrial verticals for B2B telecommunication, procuring a combined global market value share of nearly 30% by the end of forecast period. Growth in B2B telecommunication revenues from the media & entertainment industry is predicted to be at a faster pace – with a CAGR of 14.7%.

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Unified B2B Telecommunication Services Gaining Traction

Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services’ global market contribution. By 2026, nearly US$ 25 billion revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions and M2M communication solutions is also expected to grow at steady rate over the next decade.

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North America & APEJ – Dominant Regions

In 2016, North America’s B2B telecommunication market was valued at an estimated US$ 8.5 billion. Surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attributor for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR. On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with 28.5% global revenue share.

Comparatively, the B2B telecommunication market in Latin America, Eastern Europe and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan’s contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe’s B2B telecommunication market.

In the report, titled “B2B Telecommunication Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” large enterprises such as MNCs and conglomerates will be the largest end-users of B2B telecommunication in the world. Companies such as China Mobile Limited are being recognised as a leading supplier of B2B telecommunication services, owing to the growing proliferation of social, mobile, analytics and cloud (SMAC) technologies in the APEJ region and beyond. The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.

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Global B2B Telecommunication Market – Segmentation

By Solution

• Unified Communication and Collaboration
• VoIP
• WAN
• Cloud Services
• M2M Communication

By End User

• Small & Medium Enterprise
• Large Enterprise

By Vertical

• BFSI
• Healthcare
• Media and Entertainment
• Government
• Energy and Utility
• Retail
• Transportation and Logistics
• Others

The global cognitive systems spending market is experiencing numerous technological advancements permitted with exceptional features for several industries especially in the banking sector. Cognitive systems with high-definition technology can help in determining the world’s most composite data analysis difficulties by entering into the complexity of exploiting the power of big data, machine learning, natural language processing, and automated reasoning technology. Some advances in technology would further benefit the diffusion of big data, thereby booming the growth of the global cognitive systems spending market in the forecast period. Another factor that is driving the growth of the global cognitive systems spending market is the challenge that most banks and financial institutions are facing in the present scenario.