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The approximately US$ 7.5 billion HVDC transmission systems market is anticipated to observe strong growth in the revenue in 2019 and ahead. FMI has conducted structured market research on the global HVDC transmission systems market. The report, titled ‘HVDC Transmission Systems Market Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028,’ evaluates the market and projects a promising growth outlook for the market in the course of coming years.

On the basis of FMI’s study, the global market for HVDC transmission systems will witness prominent demand generation from power transmission industries. Increasing demand for HVDC transmission systems in emerging economies is expected to particularly drive the revenue growth of global HVDC transmission systems market in the near future, according to the report.

Increasing demand for HVDC transmission systems in offshore wind projects is expected to contribute to the growth of the HVDC transmission systems market over the forecast period. Moreover, the expenditure incurred by the total direct current transmission line over long distances is considerably lower than the alternating current transmission line installed over the same distance. Growing demand for HVDC transmission systems for long-distance transmission is thus expected to fuel the growth of the HVDC transmission systems market in the coming years.

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Expensive Installation Remains Longstanding Factor Limiting Rapid Growth of HVDC Transmission Systems Market

On the flip side, HVDC transmission systems require the installation of various components, such as converters, smoothing reactors, and harmonic filters, to reduce or absorb the harmonics that are produced during the transmission process. These components, which are costly, add to the already high cost of installation. High installation cost of HVDC transmission systems is thus estimated to be a prime factor hampering the growth of the market over the forecast period. Moreover, HVDC transmission systems require expensive conversion stations and spare parts for maintenance, which is also expected to challenge the growth of the global HVDC transmission systems market during the forecast period.

North America & APEJ to Remain Key Markets for HVDC Transmission Systems Manufacturers

An in-depth analysis of the market suggests that the overall size of the global HVDC transmission systems market will grow at a substantial rate during the forecast period. Several optimistic variations are likely to contribute to the growth of the HVDC transmission systems market.

By region, North America is estimated to dominate the global HVDC transmission systems market throughout the forecast period. North America, followed by Asia Pacific excluding Japan (APEJ), is estimated to remain among the dominant regions. APEJ, followed by Japan, is expected to expand at a high CAGR over the forecast period.

By system component, the solution segment is estimated to dominate the HVDC transmission systems market with a value of US$ 5,278.8 Mn in 2018. Among the solution segments, the AC & DC harmonic filters segment is expected to create an incremental $ opportunity worth US$ 674.6 Mn during the forecast period. However, the services segment is estimated to expand at a significant CAGR in the global HVDC transmission systems market over the forecast period.

By technology, the Voltage Source Converters (VSC) segment is expected to hold a dominant value share in the global HVDC transmission systems market. The segment is projected to expand with a high CAGR owing to the increasing applications of VSCs in wind farm grids for underground power transmission.

By deployment, subsea & underground cables are gaining popularity as these cables transmit lower losses than overhead cables. In value terms, the subsea segment is projected to create an incremental $ opportunity worth US$ 3,068.8 Mn in the global HVDC transmission systems market over the forecast period.

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Global HVDC Transmission Systems Market: Competitive Landscape

Some of the key players involved in the manufacturing of HVDC transmission systems, which are included in this study, are ABB Ltd., Toshiba Corporation, Siemens AG, General Electric, Mitsubishi Electric Corporation, Prysmian SpA, Abengoa S.A., TransGrid Solutions Inc., ATCO Ltd., and LS Industrial Systems Co., Ltd.

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.

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:

• Deployment Type
  • On-Premise
  • Cloud-Based
• Size Of Enterprise
  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise
• Vertical
  • BFSI
  • Healthcare & Life Sciences
  • Consumer Goods & Retail
  • Travel & Tourism
  • IT & Telecommunication
  • Media & Entertainment
  • Government
  • Others
• Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • ASEAN
    • India
    • New Zealand & Australia
    • Rest of APEJ
  • Japan
  • Middle East and Africa (MEA)
    • GCC
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

The worldwide smart agriculture solution market was evaluated to be esteemed in abundance of US$ 10 Bn before the fall of 2016, mirroring a Y-o-Y development rate of over 5% more than 2015. By 2026, the market is expected to achieve a valuation near US$ 40 Bn, growing at a CAGR of 11.2% between the given forecast period of 2016 to 2026. The global smart agriculture solution market is gauged to showcase an incremental chance of a little over US$ 25 bn over the course of forecast period. With respect to basis point share, the sub segment of hardware of the component segment is expected to account for over half of the share of the global smart agriculture solutions market by 2026. In term of solution, the segment of variable rate technology is projected to showcase a strong CAGR of 13.4% as compared to other sub segments in the global market for smart agriculture solutions.

The overall valuation of smart agriculture solutions market in North America is expected to reach worth US$5 bn by the fall of 2016 and over the course of the given forecast period, the North America market is estimated to be valued nearly at US$15 bn growing with a strong CAGR of 9.8% in the same period of forecast. Latin America market is projected to show a hefty CAGR of 12.3% over the course of the given forecast period of 2016 to 2026. On the other hand, the smart agriculture solutions market in Asia Pacific except Japan region is expected to show a monumental growth rate and is estimated to present business opportunities worth over US$5 bn with a CAGR of 13.7%.

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Different little and medium-sized specific agriculture solution suppliers concentrate on creating and presenting answers for precision farming with the help of imaging drones and technologies. Furthermore, these companies are concentrating on giving services of data to help the farmers to maximize the yield limit and upgrade their asset usage. These elements are projected to drive the overall growth of the global smart agriculture solution market in the years to come. For instance, in March 2016, a U.S. based aerial imagery specialist company, TerrAvion, presented aerial imagery services for the farmers with the guide of thermal imagery and drones technology. This, as a result, would improve its analytics of data imagery, which is projected to help farmers in optimizing their profitability.

Growing investment in the smart agriculture solutions is another vital trend observed in the current scenarios of global market for smart agriculture solutions. Prominent manufacturers of sensor are concentrating on putting money in numerous medium and small sized smart agriculture solution providers so as to increase the presence of their services in the global market. For instance, in the month of April 2016, Flex Technology Accelerator and Robert Bosch Venture Capital GmbH (RBVC), Lab IX, put their capital in CropX Inc. which is a smart agriculture solution providers based out in the U.S., so as to optimize its product portfolio along with the view to bolster its presence in the global market.

We have segmented the global smart agriculture solution market as under

By Component

• Hardware
  • Sensor Monitoring System
  • Smart Detection System
  • GPS Enabled Ranging System
  • Drones
• Software
• Services
  • Climate Information Service
  • Supply Chain Management Service
  • Others (System Integration, Maintenance and Consulting Service)

By Solution

• Automated Machinery Guidance Control
• Tractor Collision and Obstacle Detection
• Machinery Safety and Parameter Monitoring
• Variable Rate Technology
• Building and Premises Surveillance

By Region

• North America
• Latin America
• Asia Pacific Excluding Japan
• Western Europe
• Eastern Europe
• MEA
• Japan

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In a similar manner, growing partnerships with several entities in the overall value chain of the global smart agriculture solutions market is expected to have a positive effect on the overall development of the global smart agriculture solutions market over the course of the given forecast period of 2016 to 2026. In November 2016, Tribal Navigation Ltd. joined hands with Agrinetix, Precision AG, KOREC, Avidor High Tech France, and Geo-Pro with a view to improve its overall presence in the market places of Europe and North America.

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%.

Key Trends in Global Tablets Market

Factors influencing the global tablets market expansion for the forecast period, have been analyzed in the report. From growth drivers, manufacturing restraints to industry trends and untapped opportunities, a range of causative factors have been studied in this report. Some of the key trends influencing the global tablets market’s growth include:

• Increasing use of water-resistance technology in production of electronics
• Rising technological compatibility to 4G LTE networks
• Manufacturers focus on delivery highly-functional tablets
• Consumers demanding human-centric functions and gesture recognition
• Multi-core processing uptake with longer battery lives to influence manufacturing of tablets
• Improvements in acoustic performance of table devices

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In addition, the report also observes that preference to large screen entertainment and use of elemental technologies such as dust-proofing will have a determinative influence on the dynamics of the global tablets market in the years to come.

Regional Insights: China to Remain in Spotlight

According to the regional analysis provided in the report, the global market for tablets will witness a concentered expansion in the Asia-Pacific region. APAC countries such as China and India will be observed as the manufacturing hubs for tablets in the global market. China, in particular is expected to account for the largest share in the APAC tablets market. In 2016, it has been estimated that over one-fourth share of global tablets market value has been procured from the APAC region alone. While the demand for tablets will be relatively high in US and other parts of North America, the APAC region is most likely to be at the forefront of global tablets market expansion. The demand for tablets in Europe is also anticipated to witness steady growth through 2026.

Vendor Prospects and Analysis

The report has segmented the global tablets market on the basis of type of product, operating system, end-use and screen size. In terms of product-type, the demand for slate tablets will witness a decline, while sales of detachable tablets will register a volume CAGR of 10.8%. While Android will be the predominant operating system used in production of tablets, rising sales of Apple gadgets will propel the revenue share of iOS as well. The report also reveals that over 227 million units of tablets with less than 8-inch screen size were sold across the globe in 2016. Consumer end-use of tablets will remain relatively high as commercial applications will struggle to gain traction due to technological limitations.

Key Segment

By Product Type

• Detachable Tablet
• Slate Tablet

By End-Use

•  Consumer
• Commercial

By Operating System

• Android
• iOS
• Windows

By Region

• North America
• Latin America
• Western Europe
•  Eastern Europe
• Asia Pacific Excl. Japan (APEJ)
• Japan
• Middle East and Africa (MEA)

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Some of the leading players in the global tablets market have been profiled in the report. Apple Inc., Samsung Electronics Co. Ltd., Lenovo Group Limited, Huawei Technologies Co. Ltd., Acer Inc., Micromax, Xiaomi, and Asustek are globally recognized as leaders in tablets manufacturing. Their presence in the global expansion of the tablets market is expected to remain consistently active. Several manufacturers of tablet devices are expected to invest in R&D on developing tablets with new and improved functions.

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%.

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.

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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.

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.

Global B2B Telecommunication Market – Segmentation

By Region

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

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

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.

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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.