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Future Market Insights in its recently published report projects that the global StaaS market will grow at an impressive CAGR of 17% between the forecast years of 2020 and 2030 as syncing, sharing, collaboration, and accessibility to data over smartphones and other devices gets simplified.

Storage as a service (STaaS) has been one of the fast-growing cloud application in recent years as businesses are exploring its potential to make operations flexible at reduced operating costs. The disruption created by cloud services across industry verticals has doubled productivity through automation, bringing down costs and improving services. This particular attribute surfaced as an axis for growing adoption of SaaS across verticals.

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STaaS primarily helps to store copious amounts of data on cloud instead of on-premise, giving the organizations free space and less hassle of backing it up and investing in disaster management contingent plans.

As international business expands at a breakneck speed, companies are expected to invest in STaaS to ensure transactions are not bound to geographical locations. Furthermore, advantage of automated software backup to ensure data remains safe at all times is likely to assure the vendors in this market a guaranteed client base throughout the forecast years. Seamless business productivity and smooth transition of remote working capabilities as the world decides a new normal will push this market to leap ahead, predict analysts at FMI.

Key Takeaways of Storage as a Service Market Study

• SMEs to hold 74% of market share in 2020 as the adoption of STaaS becomes essential to cutting back on infrastructural cost and focus on business continuity
• BFSI segment held a market share of 22% in 2019 and is expected to continue on a similar trend as banking gets digitized even in rural clusters
• South Asia & Pacific to register a CAGR of 23% 2020-2030 in the global STaaS market as countries undergo rapid digitalizing across sectors
• Cloud computing and remote work ethic to remain strong undercurrents of booming STaaS market

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“In this ever-changing technology landscape, businesses are continuously looking for cost effective and efficient solutions which can reduce the burden of legacy systems. With the outbreak of COVID-19, the need to reduce CapEx and OpEx and make a smooth transition to remote work culture is expected to create potential opportunities for the storage as a service market,” says the FMI Analyst

COVID-19 Impact Analysis on Storage as a Service Market

The outbreak of COVID-19 highlighted the need for businesses to adapt quickly to remote working options, pushing them to change their technological landscape to ensure business continuity during the pandemic. As the trend continues to rise, companies are expected to invest in technology-based infrastructure in the coming years. Also, the sudden spotlight on reduction in operation costs such as electricity and rents has made business realise the true contribution of SaaS in improving profit margins.

According to International Labour Organization (ILO), prior to COVID-19 outbreak only 2.9% of global workforce worked from home. However, in a post pandemic world, managers are reassessing their operating methods, leading to an explosion in the percentage of those working from home.

In light of this trend, post COVID-19, the demand for cloud-based solutions and applications is expected to surge as businesses around the globe will look for cost-effective, efficient, and resilient solutions for their business continuity. Furthermore, strengthening sentiment to go remote permanently is also expected to give this market an impetus like never before.

The storage as a service market grew around 15% Y-o-Y in 2018 and 2019 and with the outbreak of COVID-19, the market is expected to witness a growth rate of around 18%-20% during 2021-2023.

In the short-term, the storage as a service market may face challenges in maintaining the growth rate as the budget concerns, declining profitability and sales growth, have resulted in severely losses for businesses of all sizes. However, the long-term outlook for storage as a service market remains positive as the market is projected to see a 4.5x growth during the forecast period.

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Partnerships and Innovations to Drive Growth

Ever changing technological landscape, customer expectations, and intensive competition are creating a storm in the global Storage as a Service market, which is compelling solution providers to continuously look for innovating and cost-effective solutions. Moreover, collaborations and partnerships with digital solution providers can also help Storage as a Service solution providers to enhance their market share and customer base.

For instance, in March 2020, Pure Storage and SAP entered into the partnership to offer customers with joint competency centers, technical support, and technology integrations in areas of STaaS, intelligent enterprise, cloud computing, storage and virtualization.

More Valuable Insights on Storage as a Service Market

FMI’s report on the Storage as a Service market is segmented into four major sections which are service type (Cloud NAS, Cloud SAN, Cloud Backup, Cloud Archiving), enterprise size (small & medium enterprises, large enterprises), industry (BFSI, Media & Entertainment, Government, Healthcare, IT & Telecom, Manufacturing, Education, Others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the Storage as a Service market.

The global digital marketing analytics market reached a valuation of US$ 4.2 Bn in 2021. Sales in the market are projected to increase at an impressive 20.5% over the forecast period, with the market valuation reaching US$ 27.2 Bn in 2031.

As per Future Market Insights (FMI), the digital marketing analytics market represents 30% of the global digital marketing market. Digital marketing analytics is a software that measures, tracks, and analyses consumers’ campaign performance for better decision-making.

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It offers valuable insights to understand audience behavior, improve operational strategies, and avoid wasting resources. Surging demand for digital marketing analytics platforms such as social media marketing, email marketing, content marketing, SEO marketing, pay per click marketing, video marketing, and display marketing to understand and improve digital channel user experience is expected to augment the growth of the market.

Potential Impact of COVID-19 on Adoption of Digital Marketing Analytics

Digital marketing companies are facing the heart of coronavirus outbreak, translating into a 180-degree shift in their strategic plans for the near term. Partial or complete lockdowns, pushing the adoption of work from home culture, are proving to be changing the dynamics of digital marketing analytics market drastically in the near future.

Demand is increasing for digital marketing analytics solutions among smart TV application developers in order to obtain efficient understanding of app usage, to take data-driven decisions regarding future app investment, and also to sustain in the increasingly competitive environment. This in turn, is expected to create major business opportunity for digital marketing analytics solution providers in the smart TV segment.

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Key Takeaways of Digital Marketing Analytics Market Study

• The adoption of digital marketing analytics solution and tools is anticipated to grow significantly in small and medium enterprises.
• Social media marketing one of the primary applications of marketing analytics has been on the rise owing to many developments, such as chatbot and other applications.
• Software segment to hold the largest market share of the digital marketing analytics market.
• Business partnerships help increase business revenue, and new innovations in IT are enabling digital marketing analytics solution providers reach new potential customers, globally.

Growing Need for Integrated Digital Marketing Analytics Solutions to Propel Market Growth

Increasing number of connected personal device such as smartphones, laptops, tablets and wearable devices is driving the need for integrated digital marketing analytics solution to organize data across multiple devices. Integrated analytics solution tracks user behaviour across various devices and helps to deliver highly personalized customer experience.

For instance, healthcare companies can deliver customized advertisement to a user connected with a smartphone and wearable device that is designed for fitness purposes, based on real-time factors.

Learn More About FMI’s Digital Marketing Analytics Market Study

In its latest report, Future Market Insights offers an unbiased analysis of the global digital marketing analytics market, providing historical data for period of 2014-2021 and forecast statistics for the period of 2022-2029. To understand opportunities in the digital marketing analytics market, the market is segmented on the basis of solution (software, services), application (social media marketing, email marketing, SEO marketing, pay per click marketing, content marketing, video marketing, display marketing), and end-user (small and medium enterprises, large enterprises), across seven major regions.

A comprehensive view of the digital marketing analytics market has led our analysts to conclude that, the market is escalating at a significant rate owing to growing demand for real-time analytics to deliver personalized ads. Digital marketing analytics market in regions such as East Asia and Europe is anticipated to grow at high rates during the forecast period, owing to increased adoption of digital marketing analytics solutions and tools across various industries. Alliances with other providers, along with regional expansion, are some strategies opted by key players in these regions to fuel market growth.

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Key Questions Answered in the Report

• Which region is expected to showcase high growth in digital marketing analytics market?
• Who are some of the leading companies offering digital marketing analytics market?
• How much is the global digital marketing analytics industry worth?
• At what did the digital marketing analytics market grow between 2016 and 2020?
• What are the key trends of driving digital marketing analytics sales?
• Which countries are the key providers of digital marketing analytics?
• What is the global digital marketing analytics market year-over-year growth rate?
• Which are the top 5 countries driving digital marketing analytics demand?
• What is North America digital marketing analytics market outlook?
• At what rate will the South Asia & Pacific digital marketing analytics market grow?

Demand for vibration control systems is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace of recovery is likely to be muted in 2021, with a robust recovery anticipated in 2022 onward.

As the key end-use industries such as mining & quarrying, food manufacturing, textiles, and others are subject to expend further, the vibration control system manufacturers are expected to witness significant demand in the future.

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Key Takeaways

• High demand for anti-vibration cylinders likely to be witnessed
• Original Equipment Manufacturers (OEM) continue to be preferred by end-users
• Rise in requirement from transportation industry to fuel sales of vibration control systems
• Sales in US will be nearly 50% of global demand
• China remains a strong market in APAC
• Sales in Japan and South Korea expected to recover steadily

“With rise in requirement from end-users with fast-paced growth, vibration control system manufacturers are projected to witness significant opportunities. Surge in demand for vibration control system will propel the growth while this segment will hold nearly 30% of the market share,” says an FMI analyst.

Automotive Industry Outlook Key to Future Sales

As vibration control is of utmost importance in automotive industry, the steady growth in this industry is raising the demand for it further around the globe. According to the European Commission (EC), the automotive industry is crucial for Europe’s prosperity, representing 8.5% of European Union (EU) employment in manufacturing, while the turnover generated by the automotive industry in Europe represents over 7% of EU GDP.

According to the Select USA, the U.S. automotive industry is expanding steadily, while in 2018, the additional exports of automotive parts were valued at US$ 88.5 billion. As stated by the United States Auto Alliance, of the US$ 105 billion spent on R&D globally, almost a fifth (US$ 18 billion) was spent in the U.S. in 2018. As these rates are forecast to increase further, the players in the vibration control system industry are set to experience significant growth in the coming years.

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Who is Winning in this Space?

The global vibration control system market remains fiercely competitive. To consolidate their position, the key players are emphasizing on diversifying their products. For instance,

• Lord Corporation announced a new brand for its portfolio of electromechanical products: Lord Electromechanical Solutions in 2018
• Cooper Standard launched its new range of vibration control system solutions applicable for diverse end-use industries, while it named to Newsweek’s America’s most responsible companies 2021 list.

Vibration Control System Market Segmentation by Category

System

• Vibration Controls
  • Isolating Pads
  • Isolators (Metal, Rubber)
  • Couplings (Spool, Shear, Bolt, Bush)
  • Anti-Vib Cylinders (Male, Female)
• Motion Controls
  • Springs (Air, Coil)
  • Hangers
  • Washers & Brushes
  • Mounts (Hydraulic, Pneumatic)
• Automation Control
  • Absorber (Miniature, Industrial, Heavy Industrial)
  • Dampers (Hydraulic, Pneumatic, Damping Pads)

End Users

• Mining & Quarrying
• Oil & Gas
• Utilities
• Transportation
• Food Manufacturing
• Bev. & Tobacco
• Textile Mills
• Bi-Products
• Chemical mfg.
• Electrical Equip.
• Machinery Mafg.

Sales Type

• O.E.M
• Aftermarket

Region

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

More Valuable Insights on Vibration Control System Market

In its latest report, Fact.MR offers unbiased analysis of the global vibration control system market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of system (vibration controls (isolating pads, isolators (metal, rubber), couplings (spool, shear, bolt, bush), anti-vib cylinders (male, female)), motion controls (springs (air, coil), hangers, washers & bushes, mounts (hydraulic, pneumatic)), automation control (absorber (miniature, industrial, heavy industrial), dampers (hydraulic, pneumatic, damping pads))), end-users (mining & quarrying, oil & gas, utilities, transportation, food manufacturing, beverages & tobacco, textile mills, bi-products, chemical manufacturing, electrical equipment, machinery manufacturing),  across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

[302 pages Report] Global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.Requirement for pneumatic actuator grew exponentially over the past years with the surge in application across various sectors such as industrial automation, transportation, and offshore, to name a few. Though the outbreak of the COVID-19 temporarily disrupted the pneumatic actuator market growth earlier in 2020, the steady recovery of the key application sectors is projected to enable the market regain momentum in the coming years.

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The recent revised edition of the report on ‘pneumatic actuator’ market study by Future Market Insights (FMI) provides a thorough analysis of the global pneumatic actuator market potential, growth & restraining factors, while emphasizing on the new trends in the leading regions such as North America, Europe, and Asia Pacific during the forecast period of 2021 to 2031.

According to the report, the United States, Germany, India, China, and a few other countries will emerge lucrative while 20+ countries will maintain positive market outlook throughout the forecast period.

How Future Outlook on Pneumatic Actuator Market Compares with Historical Sales?
Sales of pneumatic actuators increased steadily over the past decade with the increase in demand for rack & pinion and scotch yoke type of pneumatic actuator. Advancements in manufacturing sector and expansion of key application sectors such as mining, transportation, and others further propelled the growth, apart from a temporary decline in 2020. According to FMI, the global pneumatic actuator market expanded at over 4% CAGR during the last 5 years from 2016 to 2020.

As the key application sectors are regaining traction and are getting over the effect of the pandemic, the demand for pneumatic actuators are subject to rise again creating ample of opportunities for the key players. Additionally, the surge in demand for double acting type pneumatic actuator is further bolstering the growth of suppliers. According to FMI, the global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.

How is the Rise in Demand in Transportation Sector Augmenting the Growth of Pneumatic Actuator Suppliers?
Pneumatic actuators are mechanical devices which use compressed air to convert energy into mechanical motion. As it has extensive application in transportation sector, the recovery in this sector is expected further push the demand-supply graph for pneumatic actuator upward in the coming years.

According to a report, titled “logistics & Transportation Industry” published by the SelectUSA, the logistics & transportation industry is one of the highly progressive industry in the world. As stated in the report, the United States business logistics costs reached US$ 1.6 Trillion in 2018, representing 8% of the Gross Domestic Product (GDP) in that year, while the Foreign Direct Investment (FDI) in the industry totaled US$ 1.5 Billion. This gives a glimpse of the growing opportunities for pneumatic actuator manufacturers in transportation sector.

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Pneumatic Actuator Market Category-Wise Insights
Which Product Type is Dominating in the Pneumatic Actuator Industry?
Presently, rack and pinion segment is leading in the global pneumatic actuator market and expected to exhibit hegemony throughout the forecast period in terms of product type. This type of pneumatic actuator is highly preferred in transportation sector as it provides with smooth driving experience by converting the rotational motion of the steering wheel into the linear motion needed to turn the wheels. Also, it provides with the gear reduction which makes it easier to turn the wheels.

Other key segment in terms of product type boosting the sales of pneumatic actuator suppliers is scotch yoke.

Which Capacity of Pneumatic Actuator is the Most Sought-After?
Currently, light duty pneumatic actuators are the dominating segment in terms of capacity type and is predicted to maintain its lead during the forecast period. This type of pneumatic actuators are light-weighted and cost-effective, making it highly required across diverse sectors.

Also, this capacity type has hassle-free maintenance and smoother operability which make is the most sought-after around the globe. Heavy duty pneumatic actuator is another key segment in terms of capacity which is further aiding in the growth of manufacturers.

Which Segment is Leading in the Pneumatic Actuator Market in Terms of Operation?
Double acting type is leading in the global pneumatic actuator market in terms of operation, followed by spring return type. This type of pneumatic actuator has higher efficiency and has more versatile application across various sectors, making it highly preferred by the pneumatic actuator market players.

It is extensively used in the applications where an external force is not available to retract the piston or high force is required in both directions of travel.

Which Application Segment is Fuelling the Sales of Pneumatic Actuator?
Presently, industrial automation segment is mostly fuelling the sales of pneumatic actuators in terms of application. Industrial automation is the use of various automated control systems such as robots, Artificial Intelligence, and others. With the technical and digital advancements, this sector is growing fast. This in turn is surging the demand for pneumatic actuators.

Other key segments in terms of application, which are augmenting the sales are transportation, mining offshore, and others.

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Pneumatic Actuator Market Competitive Landscape
The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. In order to capitalize on the new opportunities, key pneumatic actuator market players are launching quality products more frequently.

For instance,

Johnson Controls Inc. recently launched its new range of VG7000 Series Brass Trim Globe Valves, VG7000 Series Stainless Steel Trim Globe, and others
Parker Hannifin Corp launched its new range of Flexible NFPA Cylinder, 4MAJ- Rodlock Cylinder, 2MNR Series- Non Rotating Pneumatic Actuators, and others a couple of years back

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Mobility as a service (MaaS) uses multiple modes of transport, from cycling and public transit to automobiles and planes. Vehicle management responsibilities to include other modes of transport can be improved with MaaS. MaaS enables the coordination and tracking of large amounts of data, including schedules, transactions, trips, and employee mobility budgets. To save time and avoid traffic jams, companies that are part of the mobility as a service movement offer incentives every month for riding a bike to work instead of driving a vehicle. Instead of letting vehicles sit idle in a parking lot, companies put them to use in ride-sharing or car sharing programs for other employees, which helps in expanding their mobility. The global connected logistics market is projected to exhibit a healthy CAGR of 11% during the forecast period (2019-2029).

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Key Takeaways of Connected Logistics Market Study

• The retail and consumer goods segment is expected to hold significant market share among all the segments by vertical during the forecast period, owing to ease of access provided by e-Commerce platforms to consumers for ordering products online.
• Among all the components, the devices segment is expected to experience a notable CAGR, as the adoption of RFID and vehicle telematics is increasing.
• South Asia & Pacific is estimated to progress at a higher CAGR in the global connected logistics market, as logistic organizations in countries such as India are adopting new technologies to provide better solutions that help organizations save time and reduce costs.

“Key players in the connected logistics market can gain significant profits by providing connected logistics with blockchain technology, as transparency and security achieved by blockchain helps track information regarding orders, receipts, invoices, payments, and digital assets such as copyrights, certifications, and barcodes.”

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Significant Demand for Data-driven Logistics to Boost Growth

Increasing use of predictive analytics is helping logistic operators that are using historical data and real-time patterns to make predictions so as to decrease costs, improve customer satisfaction, and increase reliability. Predictive analytics uses algorithms to track historical data to anticipate demand, avoid risks, and adjust schedules to enable logistic managers create proactive solutions. Logistic firms are using predictive analysis to understand the likelihood of shipment statuses by using simulation models. The demand for data driven logistics is increasing, as logistic companies can achieve efficiency and gain competitive advantage by using predictive tools to prevent losses associated with inaccurate stocking and mismanagement of deliveries and schedule.

The logistics industry generates huge amounts of data, and companies gather and store this data for analysis purposes. To analyze this gathered data, big data analytics is used, which, in turn, uses advanced analytic techniques to extract valuable information from huge amounts of data, and also facilitates data-driven decision-making. By using big data analytics, logistic firms can transparently track production, employee, and equipment performance, which will lead to enhanced customer satisfaction through streamlining picking, packing, and shipping, as well as offering access and real-time visibility to order statuses.

How Growth will Unfold

More Valuable Insights on Connected Logistics Market

FMI’s report on the connected logistics market is segmented into four major sections – component (devices, software, and services), transportation (roadways, railways, airways, and seaways), vertical (manufacturing, IT & telecom, automotive, retail & consumer goods, food & beverages, energy & utilities, healthcare, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa). This has been done to help readers understand the lucrative opportunities in the global connected logistics market.

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CONNECTED LOGISTICS MARKET TAXONOMY

The global connected logistics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Component

• Devices
  • Vehicle Telematics
  • Data Loggers
  • GPS Tracking Devices
  • RFID Tags
• Software
  • Fleet Management
  • Asset Tracking
  • Security Solutions
• Services
  • Consulting
  • Integration & Deployment
  • Support & Maintenance

Transportation

• Roadways
• Railways
• Airways
• Seaways

Vertical

• Manufacturing
• IT & Telecom
• Automotive
• Retail & Consumer Goods
• Food & Beverages
• Healthcare
• Energy & Utilities
• Others

Region

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