Market Research Blog – Page 15077 – New Product Development

Global Platform Lifts Market: Notable Developments & Geographical Outlook

Platform lifts are primarily designed to give reasonably priced access to people who have difficulty with a staircase. These platform lift are available in the market with different size and shape according to the application. Platform lifts are installed in low rise buildings where passenger lifts are not available. Each platform lifts has different advantage depending on the installed area and the functionality of the lift in the needed area. Platform lifts are used in both indoor and outdoor application in residential and commercial buildings.

Platform lifts are used in both indoor and outdoor application in residential and commercial buildings. Segmentation of platform lifts is based on the installation platform such as vertical, inclined and portable platform; inclined platform lift has impeccable accessibility options in buildings with space constraints. Furthermore, vertical platform lift ensure safety and secure access in vertical direction, however portable platform lifts are simple and easy to use accessibility options.

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Platform lifts provide access to different levels such as transporting injured people, moving goods and merchandise, equipment and people that need medical attention amongst others. Platform lifts are able to carry lot of weight while retaining its speed and safety with high efficiency. Platform lift does not require a lot of space and is easily accommodable in less than 2 sq. feet of space. The compact nature of platform lift makes them suitable to be installed in low space areas. Platform e lifts are mainly operated through three mechanisms: guided chain driven, hydraulic driven, and screw driven. All of these mechanisms do not pose any risk to the user and are safe to use. Platform lifts market offers substantial growth opportunities for the new entrants and existing players in the market.

Regional outlook

North America is expected to remain platform lifts market frontrunner over the forecast period. High installment of platform lifts in residential and commercial building in U.S. and Canada is expected to deliver high growth for the platform lifts market. Europe platform lifts market is estimated to gain high traction as government in European countries raise new standards for the safety requirement of the platform lift. The factors such as increasing purchasing power of people, developing infrastructure, and improved consumer sentiments are altogether driving the quality of living people, which in turn, increases the demand for platform lifts.

Large number of platform lift manufacturers are setting up their manufacturing units across the India and China, and this is expected to upsurge the demand for platform lifts on domestic level. Manufacturers in Japan are focusing on product innovation to develop new and advanced products and advancement of manufacturing techniques to cater to the demand from respective end customers. Latin America and Middle East is also expected to deliver positive growth in platform lifts market, over the forecast period.

Platform lifts Market Regional analysis includes:

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

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

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Platform Lifts Market: Market Segmentation

Platform Lifts Market can be segmented on the basis of product type, platform type and end use application

On the basis of product type, platform lifts market can be segmented as

Low Speed platform Lift
Cabin Lift
Enclosed Platform Lift
Open Platform Lift
Wheelchair Platform Stairlift

On the basis of platform type, platform lifts market can be segmented as

Vertical Platform Lifts
Inclined Platform Lifts
Portable Platform Lifts

On the basis of end use type, platform lifts market can be segmented as

Residential area
Commercial office
Public applications

Consumer inclination towards leisure facilities has increased substantially in the last few years due to high growth in the disposable incomes in the developed as well as in the developing countries. The recent trend observed in the platform lifts market is that the better customers are treated the more they tend to spend and there are higher chances of their return. Therefore, global retailers are focusing more on enhancing the customer experience in their stores. The global population of 60 years and older people is expected to witness very high growth and is expected to nearly double from 12% in 2015 to 22% in 2050.

This will also accelerate the demand for platform lifts in the global market. Government authorities all over the world are also focusing to uplift the community of disable peoples. According to Disability Discrimination Act 1995, it is mandatory for every cinema, museum, restaurant, hotel, and other leisure facilities to have easier access in every area for people with walking difficulties and who are using wheelchairs. Such rules and regulation will also contribute to upsurge the demand for platform lifts.

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Platform Lifts Market: Key Market Players:

Examples of some of the market participants in the global platform lifts market identified across the value chain include

Dover Corporation
Express Lift
Fujitec Co. Ltd.
HyundaiElevator
Mitsubishi Electric
SchindlerElectric
Otis Elevator
Kone Motala
ThyssenKrupp

The platform lifts 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 platform lifts research report provides analysis and information according to market segments such as geographies, application, and industry.

Report Highlights:

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

Application Management Services Market : Notable Developments & Geographical Outlook 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. Future Market Insights projects that application management services market is poised to record robust CAGR of 8.6% from the period 2017 to 2022.

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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

application management services market

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.

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 2022 Industry Research, Segmentation, Key Players Analysis

According to Future Market Insights, the global market for railways management systems is anticipated to expand vigorously in the upcoming years. By the end of 2022, the global railways management system market is poised to be worth nearly US$ 5 billion. The report offers an exclusive study on the global railways management system market, revealing key presumptive scenarios for market expansion. Over the forecast period, 2017-2022, the global market for railways management systems is expected to register a value CAGR of 10.4%.

Considering how railways will remain to be the backbone of logistics, infrastructure, and the overall economy of a country, administrative authorities are expected to adopt railways management systems for bolstering this commodity. According to Future Market Insights, the global market railways management systems in anticipated to gain traction in terms of revenues over the period of next five years.

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railways-management-system-market

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. To keep up with the volatility of consumer marketplaces in North America, railway administration in this region is actively adopting railways management systems that boost the efficiency in arrival and departures of rolling stocks. By the end of 2022, the railways management system market in North America is pegged to be worth over US$ 1.7 billion.

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

Table Of Content

1. Global Railways Management System Market – Executive Summary

2. Global Railways Management System Market Overview

2.1. Introduction

2.1.1. Global Railways Management System Market Taxonomy

2.1.2. Global Railways Management System Market Definition

2.2. Global Railways Management System Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Railways Management System Market Y-o-Y Growth

2.3. Global Railways Management System Market Dynamics

2.4. Value Chain

2.5. Key Contracts

2.6. Regional Trends

2.7. Software providers List

2.8. Competitive landscape

2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Railways Management System Market Analysis and Forecast By Solutions

4. Global Railways Management System Market Analysis and Forecast By Deployment Type

5. Global Railways Management System Market Analysis and Forecast By Region

6. North America Railways Management System Market Analysis and Forecast, By Country, 2012-2022

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Global Anethole Market: Notable Developments & Geographical Outlook

Anethole is a derivative of an aromatic compound named as phenylpropene which is mostly found in the oil of plant. Anethole is mostly found in oils of aniseed up to 80% and in fennel 60%. Anethole is highly soluble in the ethanol and shows very less solubility in the water. Anethole is colorless and has fragrance that resembles basil. The oils in which the anethole is found have anti-bacterial and anti-fungal properties.The anethole can also act as very good bug repellent and can be used in the house and can be applied on body as well. Anethole is an unsaturated component of ether that possess flavoring properties. The anethole has more sweetness compared to sugar. Anethole also has some uses in some of oral hygiene products, frozen dry berry products and seasonings. Anethole is used in many drinks to make them more sweet and palatable. Anethole is used in specific oils that are used to treat the patients with the hormonal imbalance. Anethole also acts as an inhibitor for the carcinogenesis in specific parts of the body like fore stomach and lungs.

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Market Dynamics

The growth in the food and beverage industry will help in the anethole market growth. The properties of anethole like anti-fungal and anti-bacterial will help in the growth of anethole sales. The health awareness among people is increasing day by day.

Anethole has a variety of uses related to human health like weight loss, diuretic and digestion booster which will help in the growth of the anethole market. The growth in population has created a platform for the growth of oral hygiene product use. The use of anethole in oral hygiene products will help in the sales growth of anethole. The toxicity and flammability of the anethole may increase the risk of its storage in open place. Therefore, anethole needs to be stored in inert and cool places which would add in its total cost. The increase in the total cost may slow down the growth of anethole market.

Regional Outlook

China and India holding a prominent share in the population have a growing food and beverage industry which is expected to help in growth of demand for the anethole in the market. North American region being another key market for the food and beverages and the growing chemical industry is expected to create a platform for the growth of anethole market.

European region has a growing food and beverage industry along with the chemical industry which is expected to help in the growth of sales of anethole. South East Asia region has a moderately growing food and beverage industry which is expected to help in the growth of anethole sales up to a certain extent. Japan is expected have a good scope for growth for anethole sales in coming years due to its growing food and beverage industry. The Latin America region is expected show a slow growth in the anethole market due to its moderately growing chemical and food and beverage industry. Middle East and Africa have a moderately growing chemical industry which is expected to help in the growth of anethole sales in the region.

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Regional analysis includes:

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

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

List of Market Participants

The market participants involved in the manufacturing of anethole are listed below:

Merck KgaA
Toronto research Chemicals
ABL Technology Limited
Nacalai Tesque
Alfa Aesar, Thermo Fisher Scientific
Central Drug House
Xi’an B-Thriving I/E Co., Ltd.
Mentha and Allied Products Pvt. Ltd
TCI Chemicals (INDIA) Pvt. Ltd

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

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Market Segmentation

The anethole market is segmented on the following basis:

Anethole market by source of extraction:

Bitter Fennel
Sweet Fennel
Star Anise
Anise
Damiana

Anethole market by application:

Food Additive.
Flavoring Agent.
Anti-Inflammatory Compounds
Sweetener
Inhibitor for Cancer

Anethole market by end-use industry:

Chemicals and Allied Products
Basic Chemical Manufacturing
Food and Beverage

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

Surge Protection Devices Market 2022 Key Players, End User, Demand and Consumption 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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surge protection devices market

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.

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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.

Market revenue push and pull factorsIncreasing 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.

Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Market Snapshot

2.4. Market Overview

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Market Volume Projections

4.2. Market Size and Y-o-Y Growth

4.3. Absolute $ Opportunity

4.4. Value Chain

4.5. Global Key Regulations and Standards

5. North America Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027

6. Western Europe Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027

7. Eastern Europe Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027

8. Latin America Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027

9. Asia Pacific Excluding Japan (APEJ) Surge Protection Devices Market Analysis 2012–2016 and Forecast 2017–2027

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GPS Tracker Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

The global market for GPS trackers is witnessing a tremendous growth due to emergence of new applications that use the GPS trackers system. The market is also expected to witness continued revenue growth in traditional applications such as preventing valuables from theft. However, non-standard products will always be a concern in this market due to poor quality involved in tracking. According to new report published by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” revenue from the global GPS tracker market is likely to be valued at US$ 3,482.3 Mn in 2027, expanding at the CAGR of 8.4% during the projected period. This high revenue growth is attributed to traditional applications of GPS trackers as well as the evolution of new applications in the market and emergence of niche players in the market.

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Advanced Trackers segment is anticipated to exhibit high market attractiveness index over the forecast period

In terms of value, advanced trackers segment is projected to be the most attractive in the global GPS tracker market during the forecast period. OBD trackers segment is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.2% during the forecast period. In 2017, advanced trackers segment is estimated to be valued more than US$ 445 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Recommendations

Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers
GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned
Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers
For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted

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Global GPS Tracker Market: Forecast by Type

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

Global GPS Tracker Market: Forecast by Industry

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Forecast by Application

On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.

Global GPS Tracker Market: Forecast by Region

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

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Advanced Analytics Market Research Report 2022 – Global Forecast

Future Market Insights (FMI) has published a new report, which is titled, “Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2022).” According to the report, the global advanced analytics market is anticipated to expand at a 5.5% CAGR from 2017 to 2022 and reach a market value of US$13,500 mn by 2022. The growing need to address diverse business requirements is one of the key factors fueling the adoption of advanced analytics.

According to a new study by Future Market Insights (FMI), the global advanced analytics market will ride on a healthy CAGR during the forecast period (2017-2022). Global revenues from advanced analytics market are estimated to reach nearly US$ 14,000 Mn by 2022-end.

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Businesses are increasingly focusing on expanding their reach so as to gain higher market shares on account of the increasing competition and for this they require intelligence which may help them for predicting future scenarios and preparing them for the future. Businesses also require intelligence to identify opportunities that lie ahead, anticipating the problems that they might encounter in the future, as well as improve the processes. For all these problems, advanced analytics emerge as an effective solution.

The adoption of advanced analytics has also risen on account of a number of niche players who have entered the market and are providing advanced analytics solutions at a relatively lower cost. Moreover, many small and medium sized industries are also offering advanced solutions and updated services so as to optimize businesses at low cost. This is fueling the adoption rates of advanced analytics solutions across businesses and organizations. Businesses are benefiting from incorporating advanced analytics solutions such as Big Data Analytics, data mining, and location intelligence, which enable them to extract valuable information and make smart business decisions.

The perception that advanced analytics can be an expensive technique for adoption is common among many enterprises. However, this perception is soon changing and enterprises are realizing the various benefits of adopting advanced analytics so as to develop market strategies and make customer oriented moves which will bring success to their business.

Over One-fourth Revenue Share of Global Advanced Analytics Market will be accounted by BFSI Vertical in 2017

In terms of revenues, BFSI will continue to be the most lucrative industry for sales of advanced analytics solutions, even though it will register a relatively slower expansion than other verticals in the market through 2022. This can be mainly attributed to robust adoption of advanced analytics in BFSI industry for mitigating frauds, handling risks, and optimising processes. Over one-fourth revenues share of the market has been projected to be accounted by BFSI industry in 2017. In addition, healthcare is anticipated to remain the second largest industry in the global advanced analytics market.

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Competitive Landscape

Some key companies are IBM Corporation, Microsoft Corporation, SAP SE, SAS Institute System, Infor, Teradata, Oracle Corporation, Intel, CA Technologies

Key Segments Covered

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Solutions

Big Data Analytics
Visual Analytics
Risk Analytics
Social Media Analytics
Predictive Analytics
Other Solutions

Industry

BFSI
Healthcare
Government
Defense
Retail & Consumer Goods
Other Industries

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Table Of Content

1. Global Advanced Analytics Market – Executive Summary

2. Global Advanced Analytics Market Overview

3. Global Advanced Analytics Market Analysis and Forecast By Solutions

4. Global Advanced Analytics Market Analysis and Forecast By Industry

5. Global Advanced Analytics Market Analysis and Forecast By Region

6. North America Advanced Analytics Market Analysis and Forecast, By Country, 2012-2022

7. Latin America Advanced Analytics Market Analysis and Forecast, By Country, 2012-2022

8. Europe Advanced Analytics Market Analysis and Forecast, By Country, 2012-2022

9. Japan Advanced Analytics Market Analysis and Forecast, By Country, 2012-2022

10. APEJ Advanced Analytics Market Analysis and Forecast, By Country, 2012-2022

11. MEA Advanced Analytics Market Analysis and Forecast, By Country, 2012-2022

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Earphone and Headphone Market 2022 | Present Scenario and Growth Prospects 2028

The global earphone and headphone market is estimated at US$ 22.3 Bn in 2022, and is projected to close in on a valuation of US$ 35.2 Bn by 2028, expanding at a CAGR of 7.9% over the 2022 to 2028 assessment period.

Developing Countries Turning into ‘Largest Sales Hub’

The sales of mobile phones and smartphones have grown significantly across the world since the past few years, especially in developing countries such as India, China, Brazil, and Mexico. Moreover, the increasing trend of mobile shopping, E-banking, and bringing your own device (BYOD) is driving the global demand for smartphones and tablets, which is, in turn, boosting the technologically advanced devices, such as Wi-Fi enabled devices, in the earphones and headphones market. The increasing migration of the rural population to cities, especially across developing countries such as India, China, Brazil, Mexico, and Indonesia, has boosted the adoption of low- or medium-price earphones & headphones. Europe will however remain the leading market for earphone and headphone in the near future, according to FMI’s findings.

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In the past decade, there was an upsurge in urbanisation, which resulted in an increase in the disposable income of the population that migrated to urban areas. Growth in the disposable income of the people has boosted the adoption of technologically advanced products worldwide, which include smart devices, smartphones, tablets, and advanced wireless earphones. This trend has been majorly observed in developing countries, such as India, China, Brazil, Mexico, and Indonesia. This has resulted in an increase in the adoption of earphones and headphones in these countries.

Strengthening the distribution channel and expanding advertising platforms for earphones and headphones is also contributing to the development of the global market for earphones and headphones. The music industry as a whole is estimated to contribute to the growing GDP and per capita revenue of various nations. Thus, continuous growth in the music industry and the music streaming market is boosting the adoption of accessories for music systems, which include earphones, headphones, and intelligent speakers.

Companies Shifting Focal Point to Multi-Brand Distribution & E-commerce

A significant number of companies in the earphone and headphone market depend mainly upon powerful sales channels, such as multi-brand distributors and the retailers of headphones & earphones, to be able to offer better customer service and achieve a competitive edge in the earphone and headphone industry. In addition to partnerships with distributors, the providers of earphones and headphones collaborate with numerous E-commerce companies, such as Alibaba and Amazon, due to the growing E-commerce industry, especially in nations such as the U.S., China, Brazil, and India. Strengthening the distribution channel and expanding marketing platforms for various items also contributes to the development of the global market for earphones and headphones.

Some of the key players in the global earphone and headphone market research report include Plantronics Pty Ltd., Sennheiser Electronic GmbH & Co. KG, JVC Corporation, GN Netcom (Jabra), Sony Corporation, Harman International Industries, Philips Electronics Ltd., Bose Corporation, Beats (Apple Inc.), and Audio-Technical Corporation. These companies in the earphone and headphone market are continually focusing on providing leading products and following the strategy of entering into collaborations and partnerships with other providers to offer enhanced earphones & headphones and to reach new growth markets during the forecast period.

Based on product type, the global earphone and headphone market is sub-segmented into ear buds, in-ear, on-ear, and over-ear. The rapid growth of the music industry and the penetration of music streaming has resulted in significant growth in the demand for earphones and headphones. Based on technology, the global earphone and headphone market is sub-segmented into systems, which include wireless and wired. Based on application, the market is sub-segmented into personal use and professional use, which is further divided into corporate offices and media & entertainment, sports, and gaming. Based on headset type, the market is sub-segmented into ANC and Non-ANC. Based on the distribution channel, the market is sub-segmented into distributors & value-added resellers, retail stores, which includes multi-brand stores and exclusive stores, and the e-commerce channel. Based on price range, the market is sub-segmented into low price, medium price, and premium price.

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Key Segments of Earphone and Headphone Industry Survey

Earphone and Headphone Market by Product Type:

Earbuds
In-ear
On-ear
Over-ear

Earphone and Headphone Market by Technology:

Wireless
Wired

Earphone and Headphone Market by Headset Type:

ANC
Non-ANC

Earphone and Headphone Market by Application:

Personal Use
Professional
- Corporate Offices
- Media & Entertainment
Sports
Gaming

Earphone and Headphone Market by Distribution Channel:

Distributors & Value Added Resellers
Retail Stores
- Multi-brand
- Exclusive
- e-Commerce

Earphone and Headphone Market by Price Range:

Low Price
Medium Price
Premium Price

Earphone and Headphone Market by Region:

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

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Key Questions Answered in the Report

How much is the earphone and headphone market worth?
Who are the key manufacturers of earphones and headphones?
What are the factors driving demand for earphones and headphones?
The global earphone and headphone market is predicted to expand at what rate in the years to come?
Which segment enjoys the largest share in the earphone and headphone market?

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Global Painting Robots Market To Exhibit Growth Of 8.3% To Total US$ 2.9 Bn In 2021 And Increase By 8.8% CAGR During 2021-2031

Global painting robots market to exhibit year-on-year (YoY) growth of 8.3% to total US$ 2.9 Bn in 2021. As per the study, the demand for robotic arms will increase by 8.8% CAGR between 2021 and 2031, giving tailwinds to the painting robots market growth. Overall sales of painting robots will grow by 10.1% CAGR between 2021 and 2031. East Asia and Europe are likely to account for over half of global demand for painting robots through 2031.

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The painting robots market will register increasing growth as a result of high demand from various industries including HVAC, furniture, sanitary ware, textiles and heavy engineering equipment.

Industries are exhibiting high demand for flexibility in automation systems to move beyond traditional manufacturing processes, especially for automotive and electronics manufacturing. Application of painting robots is expected to grow in the automotive sector as a result of higher electric vehicle production.

According to the study, Germany, the U.S., and Japan are likely to emerge as highly lucrative market for painting robots. Surging automotive sales in Germany will remain a chief growth driver.

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Key Takeaways of Painting Robots Market Study

Painting robots market size will reach US$ 2.92 Bn in 2021 The U.S. will emerge as a highly lucrative market, creating absolute dollar opportunity of US$ 334 Mn by 2031 Demand for painting robots will grow by 12.7% CAGR in Germany China will lead sales of painting robots in East Asia. Demand for painting robots in China will grow by 7.3% CAGR between 2021 and 2031 Japan and South Korea are expected to account for 16% of sales in painting robots market in 2021.

“With manufacturing sector exhibiting high demand of painting robots, market players are expected to focus on customizing features to cater to specific industry requirements. Besides this, they are expected to use diverse marketing platforms for product positioning,” said a FMI analyst.

During the forecast period, the painting robots market is expected to be aggressively driven by demand for automation. With the positive influence from industry 4.0 and the rising applications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of painting robots in the coming years.

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Competitive Landscape

The global market for painting robots is identified to be extremely consolidated, with the top manufacturers controlling about 75-80% of the overall market. Market players are competing to increase their global footprints and collaborate directly with end users.

By providing speed and scalability through their goods, they are producing economic solutions and addressing production issues for their customers. The major players are also focusing on value added services to establish robust service network.

Furthermore, painting robot manufacturers are adopting key supply trends such as easy integration of robots into customers’ systems, easily programmable robots, and flexible deployment to gain competitive edge. Some of the key players in the market are Dürr AG, ABB Ltd, Kuka AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd, and Yaskawa Global.

Key Market Segments Covered

By Type:

Pedestal Robots
Robotic Arms

By Payload:

Upto 5 Kg
Upto 15 Kg
Upto 45 Kg

By Function:

Painting
- Waterborne
- Solventborne
- UV Cured
Painting, Spraying & Coating

By Reach:

Upto 1,000 mm
Upto 1,500 mm
Upto 2,000 mm
Upto 2,500 mm
Upto 3,000 mm

By Configuration:

6 Axis
7 Axis

By Application:

Atomizer
Air Gun

By End Use Sector:

Transportation
- Automotive
- Railways
- 2 & 3 Wheelers
- Aerospace
Consumer Appliances
Foundry & casting
Furniture
Textiles
Construction
Heavy Engineering Equipment
HVAC & Refrigeration
Sanitaryware
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia-Pacific
Middle East & Africa

Retail Automation Market 2022 Development Status, Competition Analysis, Type and Application 2031

Technological improvements have been gaining significant traction in retail automation market over the past couple of years. According to a new study by Future Market Insights (FMI), the retail automation market will surpass US$ 18.62 Bn by 2021. Automation solutions integrated with analytics are expected to offer abundant opportunities in the retail industry.

The ability of accurately analyzing the data using analytical automation for decision making is anticipated to help retailers gain a competitive edge in the market. As a result, analysis of the buying patterns of consumers is likely to drive the growth of the market in the coming years. In addition, surge in data analytics activities in retail such as recommendation systems, acts as another opportunity for the global market players to considerably escalate their revenue.

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An increasing number of retailers are focusing on business expansion in China, but slowly retailers are shifting focus towards potential of other markets, especially the BRIC nations (Russia, Brazil, China, and India) and some Southeast Asian countries. As per the Global Retail Development Index, Latin American countries, particularly Chile, Uruguay, and Brazil, are showing significant growth in retail.

Furthermore, China & India are projected to be the largest retail markets in Asia Pacific, owing to their large consumer base. Also, while retail automation products are being increasingly adopted in developed countries, some underdeveloped or developing countries, such as Yemen and Egypt, have started using the automation systems and services in the retail sector owing to high growth potential they offer.

As per FMI, the demand for retail automation is expected to be significantly in supermarkets. As end users, supermarkets are expected to contribute to over 40% of revenue generated in the market by 2031.

Key Takeaways: Retail Automation Market

The global retail automation market is estimated to register a CAGR of over 11.0% during the forecast period of 2021-2031
Among the regions, the market in South Asia & Pacific is estimated to register a high CAGR, owing to rise in adoption of digitalization in the retail industry in India, Indonesia, Australia, and other countries
The market in China is expected to progress at an impressive CAGR, thanks to the expansion of the retail sector
In the North America market, the U.S., is expected to account for dominant 80% of demand registered in 2021
The market for retail automation in the U.K. is expected to register above 10% y-o-y growth in 2021
Despite China’s dominance in East Asia, Japan and South Korea are expected to register higher rate of adoption of retail automation

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“Since most of the retail businesses are planning to deploy big data, forecast analysis driven by machine learning algorithms became one of the innovative methods to optimize logistics, manufacturing processes, running smart marketing campaigns, and supplier and customer relationship management,” says FMI analyst.

COVID-19 Impact Analysis on Retail Automation Market

Businesses are facing the reality and adjusting the business model to account for the effects of COVID-19 pandemic. For ensuring the business continuity plans businesses are adopting advanced technologies and various solutions to run their business smoothly. During the pandemic, many retailers tried to optimize their online sales processes using e-commerce platforms.

Looking ahead, after the pandemic, businesses with multiple sales channels will need to sync both offline and online inventory, promotions, and transactions. Therefore, POS integration and e-commerce are likely to become an optimal solution both during and after the pandemic.

Being guided by the “try-before-you-buy” approach, augmented shopping attracts customers by allowing them to interact with products online. Moreover, the isolation due to COVID-19 quarantine has rapidly increased the demand for virtual fitting room systems.

Hence, the retail automation market is estimated to grow around 9.6% to 10.6% Y-o-Y from 2019 to 2021.

Implementation of RFID Technology

The handheld RFID inventory management platform will help improve the customer experience, allow for quick and efficient restocking of merchandise, and increase sales. Implementation of RFID technology in retail stores in support of omnichannel strategy supports customers’ changing shopping habits. RFID technology enables to track the missing products from the sales floor. The RFID inventory system provides deeper merchandise visibility and increases inventory management efficiencies. RFID is an important tool for cutting costs and managing efficiencies at a time when retailers are battling fiercely for each consumer dollar spent at their stores. By reducing out of stocks and overstocks, retailers can help maximize product availability to help convert sales.

More Valuable Insights on Retail Automation Market

FMI’s report on the retail automation market is segmented into four major sections – component (hardware, software, and services), deployment (cloud, on-premises), end user (specialty retail stores, departmental stores, supermarkets, retail pharmacy stores, others) 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 retail automation market.

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